tv Business - News Deutsche Welle May 1, 2018 3:15pm-3:31pm CEST
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and that's up next on new day doubly business as mentioned with ben fizzer then. we'll be back with more world news at the top of the hour in the meantime to get you can always get the latest updates from the web site as well t w dot com to stay with us if you can. w.'s program guide to. the highlights. the whole. dot com highlights. philosopher and pop star adored and despised. karl marx farrakhan of communism
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a man whose ideas changed the world but also divided it how will event is he today and what influence does he have on politics and general culture. on the two hundredth anniversary of his birth the documentary marks and his ears d.w. . loran certainty just what the markets love u.s. president donald trump postpones a decision on middle tariffs until next month the germans say it's a big problem for business. calls the labor pains is the french president winning or losing on the reform front his southern friends and doing much better. now greece's reform efforts are called. that's the greek city. it's looking much better than in france that's for sure but
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we're talking about great credit here not the financial type of praise coming from officials on a job well done. and then fizzle and that's to business the german economy minister says raising tariffs is the wrong way it would hurt jobs in germany europe and the us peter myers says putting off the decision is trying to just hours before the midnight deadline is a big problem because of the persistent uncertainty it's causing businesses. a sigh of relief for the steel industry at least for the moment for the next four weeks the e.u. can sell steel and adamantium to the u.s. without additional tariffs then negotiations will come to an end with says washington no more extensions in march trump announced plans to slap levies of twenty five percent on steel and ten percent on aluminum imports to the u.s.
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then two weeks later he granted the e.u. and six other countries a waiver that and today may first washington says it's been unfairly treated in trade with the e.u. it wants concessions from brussels a comparison of tariffs on five thousand products shows the europeans charge on average a five point two percent levy compared to just three point five percent by the americans. on tuesday the german government said julie noted the extension and expects a permanent exemption from the tariffs. i would have preferred to have received a definite permanent waiver with immediate effect this didn't happen and so now we should use every opportunity to reach a reasonable agreement. which means negotiations between the e.u. and the u.s. will continue in an effort to prevent a trade war. the european commission insists the e.u.
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get a permanent exemption from the tariffs but are brussels course one of most often says that could take a new trade deal which would take much longer than the new june first deadline. reactions here in brussels are very enthusiastic about well the success of extending the exemptions from the tariffs on aluminum and steel for another month and the reason for that is of course that many here feel this is just kicking the can down the road and is not really what the e.u. wants officially the e.u. wants to have a permanent exemption from those tariffs like australia for example like brazil for example but this doesn't seem very likely at the moment so what they're trying to do behind the scenes is maybe sue the united states of america maybe giving them something that they want there's even talk of a teeth to plate remember teeth to that comprehensive free trade agreement that was in the works between the us and the european union but never worked out well it
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might be earth and light means it would only be on industrial terrace now we're a long way away from that and not everybody favors it in the european union but one thing's for certain if the united states and the e.u. would agree on something like that a free trade agreement negotiated for it would take much longer than one month. well the trade jitters come as the european union finally finds itself back on its feet moving forward again in the wake of the financial crisis albeit slowly millions lost their jobs during the crisis and many member states record unemployment is finally falling again to pre-crisis levels but rates vary from country to country let's take a look at germany for example the e.u. says economic engine an impressive unemployment rate of three and a half percent france is finally back below nine percent that's taken years greece on the other hand growth it has improved i'll get to that topic later on in the show but if you take
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a look at the unemployment rate it's still pretty ugly the german jobless rate has been falling for years as well due to sweeping labor reforms known as hots for an acted about fifteen years ago now more reforms are aimed at getting those trapped in long term unemployment back into work france currently finds itself in the middle of its own sweeping reforms making it easier to hire and fire the government's hoping that businesses will take advantage of more flexible bills to create more jobs but how can greece find its way out of unemployment misery it plans to lower the minimum wage and also cattail job protection measures to stimulate the labor market three countries with very different conditions a very contrast thing ideas of reform and there is still no unified e.u. label well let's look at the french example on this international workers day when activists traditionally rally for government action on labor issues in this case the french unions would prefer the state didn't do anything and keep its hands off
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the cushy government jobs the rail workers have for example well let's go over to lisa lewis she's at the demos in paris how important is today to the unions first of all these are. well this is a very important day for the friends unions you know over the past few weeks that have been. avril's strikes that are still ongoing in different sectors in fronts like the strike against iran way reform or the strike at f. holes for higher wages and the unions have been struggling to speak with one voice across the sectors and actually that's what they're trying to day here obviously there are already quite a lot of people here as you can see just behind me however there are different demonstrations being organized across paris the turns so it turns out that the unions haven't really managed to come together to speak just with one voice just yet lisa how much of
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a struggle is it for the unions considering their bargaining position right now the government's campaign is surely putting them on the back foot. absolutely actually support of the unions across france a trance crust a french population has been going down there less and less people participating in the profit after professional elections for the unions and also the government in my macaw the president is trying to undermine the unions in the sense that that they are yes the government is yes talking to the unions but that should not really taking into account what the unions are asking for what they're demanding say it seems that they're negotiating position has been weakened over the past years and especially over the past few months and that's what they're trying to change now and at the same time a court has had success in implementing some of his reforms a very bearing fruit here from the labor market. it's still very early
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days at the moment so what we're seeing is that unemployment is going down a tiny bit and also the economy here the french economy is growing again but we have to look at what's going to happen over the medium and over the long term however the awesome entrepreneurs i have been talking to and they have been telling me that they're really happy about some especially some of the reforms such. a cap on a compensation payments for workers that have been laid off some entrepreneurs have been telling that over the past few months because of that measure they've actually employed new stuff ok we've talked about the bargaining position of the unions what about macaws own bargaining position especially after that meeting he had which was very touchy feely with the u.s. president donald trump how did that bro bads go down in france. while he could argue that the french are actually getting used to all that have gotten used to his way of doing international politics actually his principle is
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i'm going to talk to everybody even though we won't agree but he's trying to be you know have a good relationship with all the leaders on an international level the french to pca down they think that he's actually a good international president even though he's not completely he's not that much supported in france that in france it's fifty fiftieth's the top of the population still think that he's doing a very good job and half of the population are either against him or they don't really know what you think about him however they do most of the people here do think that he's a good international president especially as for once it's a president who speaks english but how has his strategy actually got him because the e.u. metals tariffs dispute is still going on. now absolutely you know what it's like with these meetings you never know what's really happening behind those closed doors but you could argue that trump has pushed back
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the deadline by a man by one month or so maybe that's also down to microns diplomatic efforts they said that was their first in paris thanks for covering the events. congratulations go out today to the people of greece the organization for economic cooperation and development says there are enormous reform effort is bearing fruit still the o.e.c.d. stephens to continue with reforms after its third bailout expires in august alexis tsipras says greece doesn't need more austerity but rather early. greek prime minister alexis de press has good reason to smile he's received high praise from o.e.c.d. secretary general and head greer for his country's impressive progress and reforms even though they were not voluntary and sometimes against the will of his people resist reform efforts are paying off the greek economy is growing again
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we think this year it's going to grow to brazil. broomsticks year two point three percent. that's why the country intends to leave the aid program by the summer and stand on its own two feet in order to achieve these goals the o.e.c.d. feels that greece needs to use reforms to further reduce its debt members of the euro group have even hinted that greece might receive debt relief although germany would be against the move. a surprise is there nice doing business with you. so i'm. going. to. play.
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accidentally shot and some tricks again playing the troll a glimpse of the time in the field. how can you get out. with him because it's always serious. this week on g.w. . led. to a concentrated call of power. meter as we do a solar drive year from concentrated. and then you'll see it's just like in a coal fire power plant to generate electricity heat. the energy in the future and so you can be improved also for the by having my p.t.o. . function mckeever entire temperatures because that's a limited amount you can only concentrate so much of our power before most people begin to melt. concentrated for power to feel more expensive
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before some fuel to work with the new technology the whole basis of the price will be brought down. to another week a few imax before we get started let's have a look at what's coming up and today's show. second nature and that's designed or inspired by the work around. offer i've got a charity event and dance that's a record for the nation.
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