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tv   Business - News  Deutsche Welle  May 10, 2018 1:15pm-1:30pm CEST

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your names i'm sara kelly in berlin thank you so much for company for your company i hope you have a great day. my first vice like moses sewing machine. where i come from women are bound by the social rules even something as simple as learning how to ride a bicycle is and. since i was a little girl i wanted to have a bicycle of my home and it took me me is the but i. finally gave up and went to buy a young bicycle but returned because sewing machine sewing i suppose was more appropriate for girls than writing advice and now i want to reach out to those women back home
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who are bound by their duties and social rules and inform them about deadbeats in writes my name is about of the hook and i wore them. to the people at the. political uncertainty weighs on italy's economy and on the eurozone investors two months after the country's general elections the forming of a populist government begins to look more and more likely what italy needs is a stability and a sound plan that will put its finances back on track also coming up it's one of the biggest e-commerce acquisitions in history wal-mart buys into an online retailer flipkart to gain access to the indian market. welcome to the
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business i want to get johns and berlin as always good to have you with us i'm starting with a question that's on many europeans minds will there be fresh elections in italy after the last vote in march ended in a hung parliament followed by two months of political deadlock or will europe's third largest economy get an empty stopper shouldn't anti euro and anti austerity government or right now the chances of a populist government running it in the are looking more and more likely a prospect that not only alarms investors but also many ordinary italians. furby archer phoneys day begins very early he sets off for two in the morning while the rest of rome sleeps. the greengrocer got used to it a long time ago what really bothers him is the state of his country. yes i'm worried because not for me but for my daughter i have a ten year old daughter it is like this now i don't see how i can get better at all
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made in your. face least political uncertainty is weighing heavily on the country's economy it's putting a brake on investment and consumption italy's carrying a high debt burden g.d.p. grew by north point three percent in the first quarter but the banking system is still strained. unemployment has fallen somewhat government be formed so many new jobs created so many of them only temporary and the outlook. of your phone is glad to have his work here at the market even if it does involve a twelve hour day. but he's already advised his daughter to move abroad when she grows up. for the future is bleak so i don't see how anybody is going to be able to stay in italy anybody without. a crisis has already seen a lot of young people leave the country and it's by no means over yet either. did
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all the is done. with the chief economist i n g bank pesci outside the frankfurt stock exchange to find out what the financial world is making off italy these days . so i once again italy's facing the difficult task to form a government how can the economy cope with all of this when the economies get used to cope with it because we have said so many different governments in italy and what we do see right now it's economic stagnation so obviously the country would like to see a clear government but if it's not it's going to be muddling through as we had it over the last couple of years so it's alien banks have a severe problems what does it all mean for them now. for them of the need to make a distinction between the the legacy asset problems of the problems of the past they still have high non-performing loans in their books but they've also cleaned up the books so the new non-performing loans are bad loans and the books actually
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have been reduced extremely well so when you asked the c.b.s. think the problems at the italian banking system are not so severe anymore so i think banks will look relatively relaxed to what is happening and that's just imagine the scenario they can't find a solution for their problems what is this going to mean for the euro or the euro i think it's bad news if we don't have a very a functioning italian government be it a technical government already a newly elected government it means continues problems in italy and italy is the third largest economy after years or so this will keep all speculations in financial markets about a potential breakup in the future clearly alive so what's the first half they have to take now i think make up their minds what's going to be new elections or whether we're going to get a technical government and i think we had good experiences in the past with technical governments because what italy needs to do right now is really have come up with a good fiscal plan go to brussels present the budget plans combining some investments
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but with morris therapy so that really they're the fiscal plan for the next couple of years is prepared together with brussels and then we send have some rest in then italy thank you very much for talking to us and it's back to you now in berlin. in frankfurt and shares in american retail giant wal-mart dropped three percent on wall street on wednesday following its purchase of india's biggest online retailer the sixteen billion dollar deal to acquire a controlling stake in flip cards is one of the biggest e-commerce acquisitions in history wal-mart has been on a spending spree in recent months as it attempts to expand its online presence the purchase of a flip card gives wal-mart access to the indian market estimated to grow to two hundred billion dollars within ten years and it gives flipkart a muscle in its fight for market share against u.s. rival amazon both retailers are aiming at the country's increasingly affluent
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consume us by the way more and more multinational companies are entering the boom an indian retail market a japanese fashion brand nick lowe said it will open its first store in delhi by the middle of next year the company is taking advantage of a recent change to india's foreign investment rules they now allow it to establish a fully owned subsidiary rather than a joint venture with a local partner species that are joined ikea will also open its first indian store later this year consultancy p w c says the changes mean india's retail market could grow to be worth a trillion dollars annually by twenty twenty. what could u.s. sanctions bring down chinese smart phone maker is a t e the company says it was forced to seize major operations following sanctions by the world's largest economy last month the us has banned sales of critical technology to the company as
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a t e depends on american chips and other components and is unable to continue production without those key supplies the chinese company says it's trying to convince the u.s. to modify or reverse the ban. shares in the royal bank of scotland have rallied strongly on news the british lender had reached a. mauler than expected to set settlement with us of thora tese r.b.s. agreed to pay fines or four point nine billion dollars to settle justice department claims it my is the investors over the sale of mortgage backed securities that was before the global financial crisis ten years ago abi as was hard hit in that crisis and received the world's biggest ever bank bailout the british government still owns more than seventy percent of the bank it's that the us claims had to be settled before it sells its stake. was the folks widely mission scandal diesel has become a dirty word in europe but a german auto parts supplier of bosch is not ready to drop the issue just yet
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despite or perhaps because of being implicated in the original scandal recently announced a breakthrough in diesel technology. a test drive with bosh in stuttgart a device on the exhaust measures diesel engine emissions under normal driving conditions using a complete realignment of engine components and new software engineers say they've managed to cut emissions to extremely low levels nitrogen oxide emissions are down to around thirty milligrams per kilometer around a tenth of the legal maximum. thirteen milligrams a kilometer our test vehicle has shown we can consignees you to history excessive levels of nitrogen oxide emissions by diesel engines is really history the problem is solved. the question of air quality is no longer a question of diesels. mezei a team of a hundred bucks engineers spent four years optimizing diesel engine operation
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combined with a new software the emissions control gives optimum results at any engine temperature slashing emission levels. today's test results are in. they show nitrogen oxide levels of eighteen milligrams per kilometer slightly higher than promised but still extremely low but just how credible is it. indeed we can understand the doubts in view of the media coverage in recent months but i think the numbers the data the facts we've delivered with a test car show clearly there's a lot of potential left in diesels and i. put inside them deal more to bush he stood guard is located in a geographical depression and surface heavily from auto emissions people are correspondingly critical. environmental activist manfred nice wants to ban internal combustion engines from the city entirely he wants them replaced with electric engines the bosch tests don't impress him. it's
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just too late for that to come in two thousand and five it would have been an answer no diesel has a credibility problem but that. there was a huge campaign about clean diesels in the us and over here as well because then we got diesel gate and diesel. car dealer house and also has a diesel problem right now we can hardly sell any. this porsche cayenne comes with a thirty percent discount and even at a knockdown price still can't find a buyer. when i can seize the bosch test results he's quite surprised. i think i'd never thought you could get that low the numbers are definitely brilliant and they give diesel a future again. that would be ideal for bosch hundreds of thousands of jobs depend on diesel technology it looks like the auto industry hasn't written the diesel off
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yet the big question is whether or not it can go by is back with the new technology . well the countdown is on for britain's royal wedding and people are flocking to windsor to get a look at the happy couple in lego bricks now prince harry and to make a mark of the new stars of the lego land scene park not far from where the real wedding will take place a scene in spain top of almost sixty thousand. larry neat as a business update here on t w thanks for keeping me company we've. moved .
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on to a. movie. going to. move. to. a generation is losing. thousands of young jews are leaving france fearful of anti-semitic pilots yale is one of them . anti-semitism is increasing the only solution is to go to israel. is immigration the only option coming friends and new anti-semitism. g.w. out. into the conflict zone jim sebastian. my
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guest this week during your obama is i'm on our show john vice president of the republican party has moved on media for the last ten years when he and his colleagues now accept defeat a little bit make trouble for the new leaders of. conflict so for him sixty minutes. what does a foot. a loving country to preach its goals. we'll tell you how german soccer gave it back to the top. in our web special. dot com. football made in germany. a blessing and a curse the force of nature in this steeple straight leg monsoon flow the tropical dollars that she
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can lead to some other stuff comes to the surface of the cause of this destruction the are. starting may twenty third the t.w. to. a low and a very warm welcome indeed to focus on europe with me he did crave and now he is accused of starting up anti immigrant sentiment he's a fierce opponent of much of what the e.u. stands for.

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