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tv   Business - News  Deutsche Welle  May 21, 2018 7:15pm-7:31pm CEST

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that harry and back up the titles duke and duchess of sussex as i married at windsor castle on saturday. this is d.w. news live from about and still to come it looks as though a trade war between the united states and china house been averted for now than for suitable have more on that in his business update in just about. half or more world news for you at the top of the hour have a good. look. i . am not proud they will not succeed in dividing us out not succeed in taking the people off the streets because we're tired of this dictatorship. taking the stand global news that matters d w made from minds. a news analyst me to exist that's the answer to. the call to
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change not to discount. so by. people who put big dreams on the big screen. the magazine on the dummy. averting a full blown trade war the united states and china pull back from the brink reporting progress trade talks saying the war is on hold. an economy in freefall nicolas maduro wins reelection and blames the show realism from abroad on his country's economic catastrophe the opposition calls the vote of fast demanding a new ballot tough times lie ahead. and how
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a world famous name in the d i y six is attracting highly skilled staff to its headquarters way out in the woods in rural germany. and let's do business a ray of sunshine for global stocks this monday economic superpowers china and the u.s. have agreed to hold off imposing new tariffs the temporary deal ends months of tensions for financial markets beijing agreeing in a joint statement with washington to substantially reduce america's trade deficit with china the crux of the dispute the chinese didn't commit to cutting the gap by any specific amount and some analysts doubt the truce will last long but at least the two sides are talking the world's two biggest economies are back to the negotiating table and they appear willing to keep talking until they find a solution to their trade conflict. the strongest demand from
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both the chinese side and the u.s. side is to stop the trade war and stop imposing more tariffs on each other's products this time both sides pledge to stop the trade war and develop good relations in trade meant i think this is a major demand from both countries. so it will be. china has already made concessions saying it will significantly increase purchases of u.s. goods and services it's an attempt to address u.s. president donald trump demand to reduce china's three hundred seventy five billion dollar trade surplus no details have been released yet but the countries have agreed not to impose further tariffs on each other while they continue to negotiate a trade deal. speaking in an interview with fox news u.s. treasury secretary steve new should have this to say. the present we have a very good framework agreement that's not just about buying goods it's about
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structural changes it's about lowering tariffs china has committed to lower tariffs on many things and make structural changes and protect our technology so these are very important issues for the u.s. economy and now we're going to make sure that this gets implemented. to taunt and months of tension between the two countries which markets into a frenzy but with little concrete information released about the details of the negotiations the stakes remain high. while asian markets have greeted the news with great relief the opinions vary on the streets of beijing. that if we should try to be the first in as many fields as possible so china can account for the us is good and samba where for one thing for me you think the trade war could harm investors so there should be one that china and the us should work together from the same foundations that you could see the town and i'll do what i think i can buy luxury
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goods such as cars or watches at lower prices can you imagine. let's get the view from our asia correspondent andrea hang who's in singapore and tell us more about the deal i know there's not much detail at the moment but can you at least read between the lines well hole one china has a greek greek such a small from the us securely the energy and agricultural sector people are at that because i know about this whole thing because but this is all just because a clip be a non-committal of you never know what china is up to and b it's not enough to fill that three hundred thirty five billion dollar treat deficit i know according to a state chinese official who wrote on a beach at those and ok communists and he's people that eat the agreements i quote preserves try this right to develop its economy as it sees fit and this already price to china being fixed on its position of increasing imports rather than
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a negative position of cutting exports ok well all that said how long will the truce hold then that's the big question. it's a million dollar question not just the big one but one thing's for sure it will be temporary as what you report to a halt in theory this is going to be a cause we don't know take note that this is a show that china has a secular lead it's in the us but rather this is about giving both economies the time and space to rethink and restricted its trade deficit both to treat definitive it's also worth noting that china has successfully muscled its way around the terrorist proving this trend to trump what we can be relieved as you say that the two of these talking if they don't spitting one tariff at each other to another ultimately it seems both parties understand how detrimental doing this to both economies this has been well under way i wouldn't call it relenting at all china
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has a massive growing middle class so buying more from the u.s. under this deal would suit it so from what i see it doesn't take much to appease donald trump beijing has got the deal its hands here it's got a good deal that's a sales of asian given how restrictive china has been in the old economic speech i think what the u.s. wants us but china to ease some of its market boundaries and that's something that even the e.u. has found quite challenging in trouble so to work around at the same time trump has to find a way to be to go with china because his tensions have somewhat backfired the chinese also have to be very careful not to be too optimistic about eight inches between the you with the u.s. and in an extreme point of view it is quite ready to quietly ready to defend its industrial plans with or without the u.s. underwriting we appreciate your analysis from singapore there thank you.
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venezuela is mulling a bleak future nicolas maduro has won reelection the man in charge of an economy in freefall hyper inflation is at a particular level and as whalen's continue to leave in droves lining up a border crossings for hours just to get out for those who stay the tough times could get even tougher not only does the country face intensified on rest at home is also the threat of new sanctions from abroad the opposition is rejecting sunday's vote as a fost it cold for a boycott the abstention rate and historic high of fifty two percent opposition officials want a new vote but is hailing his victory as an historic record but what the nation needs is reform. after nearly twenty years of socialist rule in venezuela the once prosperous economy is in tatters massive shortages have left huge swathes of
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the population struggling to survive hyperinflation at close to thirteen thousand percent has destroyed venezuelan savings and left them unable to afford basic goods power and water have become luxuries for many in the country with the world's largest known oil reserves spiraling poverty hopelessness and anger at nicolas maduro as government have led to a social implosion protests and file and crackdowns have marked his ten year. but as my duro tightens the screws on dissent his government has a silver bullet for the moribund economy to cryptocurrency the petro it's meant as a workaround for the lack of foreign currency but critics call it a scam but the petro success would depend on good faith in the government backing it years of mismanagement and corruption have meant very little of that has been created leading figures wayland's to see little chance of an end to their ordeal.
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so black forest is a droll cot for tourists but try getting skilled workers out to this rule part of the country well the company famous for inventing the wall plug fisher is located here and it's trying out new ways to attract and retain stuff by promoting healthy food and a healthy lifestyle he said have reported their. time for a morning workout economist sara was using fishers in has jim. and since i'm one of us must be so for me it's still special to have the gym and all the classes and they'd be expensive in a regular gym and here we can do the math and work at the company. well sarah exercises chef. prepares lunch on the menu today stahmann with asparagus the renowned chef comes in once a month to give the stuff some tips. it would be with this is the deal to create
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a positive outlook fear good food also keeps the stuff healthy they arrive content and leave content. star studded cuisine for six euros the stuff lovers at half past eleven there are already lining up for the meal of the month c.e.o. klaus fisher subsidizes the meals. you must. buy and don't do this to manipulate the stars to make them more productive. you know it's about their well being as it is to say thank you for all the positive achievements that the company has. been mean to your people to people so they. say right that's her portion served by the chef himself. whenever she speaks about her workplace at home the reactions are the same from today this is when you're going to get it they tell us that we have such a great kitchen here and that star chef like mr bullfight cooks here fish is still
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generates eighty percent of its revenues with wool plugs one thousand two hundred employees work at the headquarters despite its remote location the c.e.o. says he has no problems finding good stuff. when people arrive for the company they feel the stuff are really highly motivated word of mouth also spreads it ran that it's a good place to work sara is a good example she drives out here every day as opposed to the bustling city of stuttgart the distance is the same but the feel good factor is higher. by strong business with. oh i'm outta a. coma. the
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