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tv   Business - News  Deutsche Welle  May 11, 2018 1:15pm-1:30pm CEST

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that even if he loses everything you'll never give up hope of her turning to syria one day. and with that you're up to date now on t.w. news coming up in just a couple of minutes monica jo states in the business headlines i'm sara kelly in berlin thanks for watching every day. with nick different languages we fight for different things that's fine but we all speak up for freedom freedom of speech and freedom of press. giving freedom of choice global news that matters g.w. made for mines. israel seventy. two displays two nations at odds over one homework and featured in i want to program. when rob and
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our friends agree on peace but an assassin put an end to that trying. to return news of his to the displaced people still funding for the homeland israel seventy years may twelfth on t.w. all broadcast times online. but. he came to reform france and europe one here into him on a whim across presidency we look at his achievements and challenges also coming up in iraq and women bear heavy loads so that a few business men can avoid paying imported you choose. welcome to your business so this week marks one year since france elected a man who at my call as president since then he has wasted little time of following through his campaign promises of economic and fiscal reforms the result
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unemployment figures have dropped slightly and the economy is taking off so how is his first year in office been a success well that depends on who you ask. for a few months louis coty has felt like he can breathe again he can finally hire people when he needs to meet short term production goals without risking bankruptcy or the volumes of his small electromechanical company fluctuate constantly. severance pay settlement camps. before you didn't know you might have to pay out. in a dispute you could very easily end up around the one hundred thousand euro mark. a make or break for my business. now we're able to take the risk and we've just employed someone. severance pay reform and others
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such as the lowering of taxes on capital have given employers faith in the government. giving us hope and not just because of his reforms the business climate is simply better. for the first time our country has someone in power who is on the side of business. to. trade unionists are critical of my reforms they say he's rapidly demolishing the country social safety net. we hear these policies are socially unjust and benefit only the richest in the country for example has raised taxes on retirees and lowered capital tax that's a step back to the nineteenth century curtailing workers' rights and opening the door for employers to negotiate directly with the workers. and the unions won't let that happen without a fight but the business community says the reforms have not gone far enough.
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which is sort of you can ask a small business to staff itself like a big company following thousands of regulations which stem from who knows where. there has to be legislation adapted to small business to lower operating costs are going to be internationally competitive in france is a massive trade deficit. so far france's young president has not been fazed by his critics for the most difficult reforms to public services and pensions haven't even begun yet. so for more on that story i'm joined by karen hall economist at effort university specializing in the history of economic ideas and she's also a connoisseur of france good to have you with us before we look at the did do different kind of reforms a man when it's not the very first president to try and reform france others have done so before just briefly how does he fare in comparison to his predecessors i
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think history and great his very many things in very little time here depending on how you count his launched some five hundred say he is quite successful he knows that he has launched its legitimacy now and he is therefore he wanted to start immediately and get things done in the first year to reap the fruits afterwards yet here but to reap the fruits i mean it's you could look at it so far as that he's been successful but there's so much criticism i mean he's done tax reforms which include reducing the wealth tax cutting capital gains reducing the burden on let's say more affluent citizens all of those reforms fuel criticism that he's basically just a president for the rich is there something to that well first of all the polls are still quite positive for him people think they must give him a chance though about what they do in terms of is the president for the rich only well what he try. it's to do is to get the economy into better shape to make it
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more competitive to attract investment to get more more job creation and things like that and for that you have to reduce taxes so in the end it will be beneficial to everybody and their criticisms and i think that's something he's quite ready to to deal with and he he just shrugs off and i think that's because he's young and energetic and and has the leisure to missing really has really got the biggest challenge right now he seems to face is the reaction obviously of the french trade unions we've seen a string of strikes and it's not the end just yet who do you think who will emerge as the winner in the end. i'm pretty sure that they won't win because they're actually friends in europe is the country with a low as degree of organization it's only seven to eight percent i think so the years were important because they were responsible for the social benefits system and they no longer are he got them out of that when he reform social security and
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that means they don't have the power anymore if city of the communist trade union gets people to the streets right now yes of course they can do that but they don't have the impact i mean like they're not attractive anymore for to the population so i'm pretty sure that michael will prevail ok what about mcconnell the big e.u. reforma he was hailed as such by all the e.u. member states how far has he come well as we know he is facing difficulties with the german partner in particular because the ideas on how to reform the eurozone the idea of creating a finance ministers post this things are not very popular in germany more ridges to bruges than in the we're also about is not a proposal that germans will go along with but i think what he has done is to recommend that we should think anew about europe and he has made europe a project that people take interest in and they want to talk about it and here fosters corporate issues that is very important so he creates several structures at
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the same time to keep europe together in the geopolitical sense and that's very wise ok so all in all not too bad sort of a first year of french presidency karen hahn economist at the effort university thank you so much for being in the studio here. u.s. take company apple has a shelf its plans for an eight hundred fifty million euro data center in ireland's county galway the company cites an ongoing three year court battle with conserve and conservationists as the reason the activists are concerned about the environmental impact of the sites which the company plan to occupy the one hundred seventy thousand square meters including forest land apples the promises to make good any damage done to power the center with renewable energy could not save the project in the end. such as in cloud storage company dropbox have sought around
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fifty percent since its stock market launch only seven weeks ago and it didn't disappoint investors in its first financial report since it went public revenue was up twenty eight percent from last year hitting three hundred sixteen million dollars beating analysts who cast the company said the strong figures were thanks to growth of one quarter in its paid subscriber base but shares declined on news. of the deaths of two women who work rushed in a stampede at a border crossing has brought to light a darker side of morocco's trade relationship with spain most of morocco's imports come by way of spain some make the thirty kilometer crossing from the spanish port of cirrus to the spanish enclave of sciutto on morocco's northern coast they are then transported through customs into morocco but some importers take advantage of a new poll to avoid paying customs duties namely by having the goods carried
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literally and it's morocco's most vulnerable women who pay the price. every pace is a struggle hand to hand battle with burdens weighing up to one hundred kilos these moroccan women work as mules moving merchandise across the border from the spanish enclave of seawater into morocco. all this to get fifteen euros per trip the taxi to the border costs four euros before we even start how are we supposed to eat. legal commerce across the border between spain and morocco or tax evasion goods carried across the border on foot don't attract import duties depending on what they carry these women earn between ten and twenty five euros a load. the trade is well organized by wholesalers who make a generous margin. for general medical gain
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a bit annoyed that the moroccan state gives nothing to women what do you want that they go into prostitution no they come here they transport a packet and then they can feed their children or i don't recall that out she was a mother and her blind daughter it's handicapped women the elderly single mothers or widows morocco's most vulnerable women who do this heavy work for. a few weeks ago two women were killed in a stampede crushed by the weight of the bundles now spanish authorities have imposed stricter regulations on the trade they've demanded that the women use trolleys many say that this has only made the job harder. but these women count themselves lucky to have been able to get over the spanish authorities only allow four thousand porters per day to cross some will have to sleep rough on the spanish side of the border. some will resort to desperate
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measures to cross undetected with their cargo. also that a few moroccan businessmen can avoid paying import duties. that's a business update. business editor was built the keeping us company. to. move. move. move move move. move. move move move move move move.
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