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tv   Business - News  Deutsche Welle  May 23, 2018 1:15pm-1:30pm CEST

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to. learn german with d w. any time any place. whether with joe joe and your friends. i need to stop thinking of doing my mission spritzes expects to join the cause and work with friends all over the
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world. online and interactive. in german to go. learn german for three d. w. just. donald trump delivers on the u.s. banks jubilant congress repeals strikes a bank regulation with a broad majority across both parties congress removes the scenes from the dog frank act that was designed to prevent another financial crisis and protect taxpayers from billion dollar bank bailouts. and as europe still struggles to ban plastic bags from retailers africa shows how it's done and can you know you get caught with a plastic bag you end up in jail. my name is get out of office this is
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g.w. business welcome to the u.s. congress has repealed parts of the dog frank act regulating the banking industry the vast majority of financial institutions in the us will now face much lighter regulation twenty ten laws named after its two chief architects was and acted by the obama administration after the financial crisis its aim was to prevent another financial meltdown and future taxpayer funded bailouts of banks the us congress will to roll back don't funk rules is a big win for the banking industry only banks with more than two hundred fifty billion dollars in assets will be subject to the post financial crisis regulation. until now all banks with more than fifty billion dollars in assets were subject to stringent rules which included higher capital requirements more protection for consumers and stress tests measuring banks ability to survive a major economic downturn proponents say loosening restraints on banks who boost
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lending and spur growth critics say it could lead to the next financial crisis. now this was a bill that passed the house with broad support from both republicans and the democrats let's go to another milan our financial correspondent who's standing by in frankfurt as you know there seems to be a broad consensus about among lawmakers in washington that the need for reform regulation outweighs the risk of a right. well the issue here is that it doesn't make sense to apply the same set of regulations to big or systemically important banks to smaller ones there's this provision in the bill for example that would see banks that with less than ten billion dollars in assets be free from a ban on making risky kinds of investment now those were the banks that were doing a lot of that anyway but at the same time it cost them money to have to comply to the regulations so the argument here seems to be that the smaller banks didn't
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cause the financial crisis and shouldn't have to bear the cost of the corrective regulation that followed it but how much crow doods you can we get through predictions of another pending financial crisis. you know it's not so much of this iteration of the bill that's making people nervous it's the attitude that's driving it this is this has been an administration that has been very trigger happy when it comes to drag this bill does not preclude future action we may still see banks being of big banks be freed from restrictions like borrowing limits and capital requirements as such people who are afraid of the financial crisis are doing so because of this rollback in resilience. in frankfurt for us thank you. hamburg is to become the first german city to introduce a diesel ban albeit only a very limited one from thursday of next week older diesels that is models that do
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not meet the so-called hero six emissions standards will be forbidden from driving in certain sections of just to throw fares last year dozens of german cities were found to have exceeded emissions limits several other german cities are mulling a similar bands. some critics say this fear of the diesel is wildly exaggerated but it's become part of a wider trend more and more countries are trying to get local emissions under control by putting electric cars on their roads china especially has been pushing the technology in a bid to reduce air pollution in this big cities china just recorded the highest number of newly registered cars in twenty seventeen britain with more than half a million new vehicles you can see the figure right here on the country's road the us was in second place in germany rounded out the top five there at the bottom but when we look at the share of electric cars in the individual countries a different picture emerges while china has the most cars in total only two point
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three percent of them are actually by contrast in norway more than a third of cars are election where the main challenges facing most countries is infrastructure electric car owners need access to charging points they're becoming more common in major cities but are still hard to find in other areas and that puts off potential buyers but one way to reduce emissions is to get people out of their cars and into public transport and ideally that should run on electricity to one polish company is at the forefront of the shift towards greener public transport. here in the polish city of poznan heavy traffic and poor air quality are part of daily life that's prompted authorities to set their sights on electric mobility first stop public transport one company at the forefront of the industry is so lara's. the buses aren't necessarily one hundred percent clean whether or not they
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can be described as such depends on the kind of electricity that powers them still they're much greener than their diesel counterparts and many european cities have been investing in them despite their higher cost. buses have an advantage over eight car as. we know the routes how often they operate and what distances are involved. so we can plan accordingly to ensure that it operates like a diesel run password. it's certainly an efficient system but on the downside it's not very flexible and then there's the problem of charging up just as it used to be with mobile phones not all eve buses can use the same charging equipment despite those challenges there are ready to size d. buses on the roads in europe one hundred fifty of them come from the celera stuck
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between your poznan with the order books full on demand rising the company needs funds in order to expand. the starter. that we need investors because innovation is expensive. right now we have a huge potential for growth we might not be perfect at what we do but we're good. customers want our busses but we don't have enough money to build as many as they need. will she get that out of. touch. she's looking for an investor to take over a majority stake the hope is that this will enable the company to stay ahead of baker compassionate. in venezuela the socialist regime of president maduro has been reelected in election that many observers and the opposition call a sham as inflation hits fourteen thousand percent and the money earned is worthless the next day more and more venezuelans are fleeing poverty in the oil
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rich home country to wait out the collapse of the bank bankrupt regime across the border in colombia it's riches to rags story and gary graham the d.j.o. used to be a renowned chef in venezuela sixty five cooks worked for him at a beach resort and he regularly appeared on television but then as well as crippling economic crisis forced him to move to neighboring colombia where he earns ten dollars a day. people need to rely on the venezuelan outside the country who can send something in order to survive. ed gary story is not uncommon more than one million venezuelans have left the country in the last two years according to u.n. estimates the country's minimum wage of two dollars a month is now worth close to nothing millions now rely on relatives abroad much like at gary's mother the money he sends her allows her to buy basic requirements
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like food. without the remittance i wouldn't be able to buy anything but not every venezuelan has relatives abroad who can help however with the country's hyper inflation then as well as economic and humanitarian crisis looks like it is set to worsen. while the european union is still working to reduce the use of plastic bags that have long been banned in some african countries and kenya compliance with the law is tightly controlled disobedience comes with very unpleasant elsie's. now you keep macquarie watts is an environmental inspector every day on the streets of nairobi it's had job to make sure nobody is using plastic bags out there protect what is happening. even though we can circumstances almost at it by fence but they've locked it down if we are merely giving ourselves maybe about three hours. the last. two months ago she found a pile of plastic bags in this meat market ten bitches rested as
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a result they came you know on time when they chose those that we would. know what to do they are good friends of ours now we are friends and we don't in the other than these compounds who's going. to fall back on even the trees which choked up with plastic bags cows were digesting the waste and dying. the shepherd lost almost fifty of. the situation improved their view the plastic bags of the future to be covered by plastic bags and now it is a lot to go you know. shops like these used to hand their customers over one hundred million pastika bags every year today people use sustainable bags for that purchases but not everybody a base the local ny oaky macquarie controls a company that makes plastic packaging strict rules apply here as well. as.
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you'd like for that funding can now pop that plate now about the food you have beyond that which reveals that in fact you don't. get into what they otherwise you know find that bad but i know people who will take you for what. reason can have to be like drugs make your phone with cocaine or it's utterly illegal to have p.c. to kenya. and that's all we have time for. paid for at the next stop thank you very much watching. trying. to. control.
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her. beautiful beach and just to be discovered playing the banjo you can find castles monastery churches and chapels and of course plenty of vineyard we set out on the fancy mating expedition through social journey that. the for. the enduro business but
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in. german companies wanting children are willing to invest months of time home and money to. move to more from them haha to see the goal is almost the same with no guarantee of success from anyone to sixteenths coffee w m d. as long as. my matches do not go to day. nothing would change you know the banks pay you don't mind and so watch the language of the bank money. speaking the truth global news that matters g.w. for minds. they muse on this message she gets it once it. gets a call to change the food is kind of simple. but some. people
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have put big dreams on that big story in. the magazine on the w.

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