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tv   Business - News  Deutsche Welle  May 12, 2018 1:02am-1:16am CEST

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donald trump's decision to reimpose sanctions on iran is turning up the pressure on companies the market of eighty million people was open for business now firms will be forced to pull out billions of dollars of investment also coming up iraq and women bearing heavy loads just a few businessmen can avoid paying imports. and daniel winter and this is a business up to. the u.s. president wants to reinstate the sanctions against iran over concerns about terrans alleged nuclear program but that couldn't have come at a worse time for the country's economy let's take a look iran's currency has been under pressure for months the reaal has lost over a third of its value against the dollar since december to iran is also grappling with high unemployment among recent university graduates thirty six percent of men can't find work and that number is a staggering fifty percent for women and that's not the only challenge iran is
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facing a lack of private investment due in part to a banking sector that can barely afford to issue loans it's investing less than three percent of its g.d.p. in maintaining its aging infrastructure further hampering business development but companies worldwide could lose out as the u.s. really imposes sanctions just take european aircraft manufacturers who face losing thirty eight billion dollars worth of deals. thanks to the euro nuclear agreement airbus was able to secure a deal for one hundred aircraft with iran. however at least ten percent of the components for its clients come from u.s. producers and this detail is likely to pull the plug on the sale. of anything that has any us content and i mean dealings with us and then gets we exported to iran is going to come under scrutiny and i think that we need to be very very careful. competitor boeing which struck
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a deal for eighty planes with iran is also likely to be forced to cancel their contract along with various other aircraft producers among the companies french producer took tal looked at to cash in together with the chinese business it struck a fall billion euros deal to tap to south parcel field firearm now it seems unlikely that the country will be able to continue all its has in many markets. going to be a very significant one i mean what the markets have already. found is that yes there's going to be some tension prices have risen a little bit before the announcement was expected have come down a little bit since. international comic there's also had high hopes p.s.a. peugeot citroen was planning to build a plant in iran and renault hope to produce one hundred fifty thousand cars for the country. fox was also planning to enter the market.
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for now all those companies and you run itself are seeing their plans move further out of free choice due to one country's determination to strike a better deal. eighteen t. admits it made a big mistake by hiring michael cohen donald trump's personal lawyer contractual payments amounting to six hundred thousand dollars and now under the spotlight as cohen is under federal investigation he was hired to advise a t.n.t. on the trumpet ministration which the firm's c.e.o. now says was a serious misjudgment the lawyer for adult film star stormy daniels revealed earlier this week that a slew of companies paid cohen to get information on the presidency all this could harm a planned eighty five billion dollars deal to buy time warner disliked by trump. and supporters on wall street forus against shares of time warner haven't really
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suffered much since the cohen affair came to light is a sign investors see the eight hundred thousand time warner tie up as doomed anyway all that the cohen issue is purely political well at the end it's not the decision of donald trump at this point if the deal comes through or not but the whole case is a debate over is there a justice department under decision here is to do probably on june twelfth but so far wall street does not believe that the whole cohen affair is going to affect their decision if the deal will be approved or not otherwise probably you would have seen some pressure on the stock of time warner as they're getting bought by eighty and eighty four eighty five billion dollars at least that's the plan for now and a t. and t. is not alone also homma pseudocode company and admitted that it was a mistake to actually hire cohen sir firm and at the end to pay about one point two
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million dollars and also there it's probably not going to have a lasting image effect on nov artist at this point ok and speaking of pharmaceuticals donald trump wants to drive down drug prices what does he want to do and what can he do. yeah he had a pretty big appearance here on friday and he had promised during his campaign to bring a drug prices for example down there know two of opinions that health care in the u.s. is far too expensive some of the ideas are to speed up the process to bring new drugs on the market so that should increase competition and therefore also put some pressure on prices then also the president in the south called it unfair that other countries offer the same drugs for. for much less than we see it in the united states but what donald trump and this stuff also said here on friday is it's a very complicated system and changes will not come anytime soon but it will take
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years to actually fix and change the system and healthy in the u.s. could be a bit of pills were for the industry to swallow against thank you very much that. the deaths of two women who were crushed in a stampede to the border crossing has highlighted the darker side of morocco's trade relationship with spain much of morocco's imports make the thirty kilometer crossing from the spanish port of alga cirrus to the spanish enclave of say utah on morocco's northern coast they then transported through customs some importance take advantage of a loophole to avoid paying customs duties namely by having the goods carried 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
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moroccan women work as mules moving merchandise across the border from the spanish enclave of seawater into morocco. all this to get fifteen euros to trip the taxi to the border cross for euro's 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. i am sure you have. the trade as well organized by wholesalers who make a generous margin. for general medical gain 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 i don't recall that out she was
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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 measures to cross undetected with their cargo. also that a few moroccan businessmen can avoid paying import duties. top quality
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mechanical prosthetics are expensive too expensive for many people to afford now italian researchers of unveiled a new model of prosthetic hand they say will cost around thirty percent less than the others on the market but it's more than the price that makes this new handy device revolutionary the how mr bought it happened he says myoelectric technology has a simpler mechanical design than other my electric cars that ticks senses in the hand to react to electrical signals from the brain to the muscles to activate the motors italian retiree marco zambelli has been testing the harness hand for the last three years he lost his hand in a work accident as a teenager and has used a variety of prosthetics over the years the harness hand allows them to complete tasks that would be unthinkable with most prosthetics. driving for example is no
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problem but there are other day to day challenges like using a knife what i used to eat with others and they were all using knives i just did without but now i've started using them and i'm quite good at it. the hand was developed by the italian institute of technology and the state workers' compensation prosthetic center it has just one motor to operate all of fingers so it weighs only about as much as a human hand the developers say the simplicity also kept the cost relatively light around five million euros over three and a half years they say the low development cost means they can bring hummus to the market for around thirty percent less than similar press that ticks they hope to be selling it in europe next year for around ten thousand euros a small price compared to years of lost productivity in the workforce. that's all for business you can catch mall on our social media pages just such for your
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business from me on the business team have a great weekend. earth
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. or same thing. as tell stories of creative people and innovative projects around the world ideas to protect the climate and boost green energy solutions by global oil goes beyond series of global three thousand on d w and online. watching of all the knowledge in the water the poor the poor in poor countries. and they are demanding. for their children. to have good quality products and would rather give consumers need to look. for. that include calls on fifty nords or no i've got a real demand in. literate that is the funny thing you guys think that is the divine guard which the nature of the board has given to us and those who follow
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this ledge in the way that i too love good was trudging of it i had the freedom there against nature that against walk. i was so great towards those whose glory ends to to reach.

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