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tv   DW News - News  Deutsche Welle  May 24, 2018 2:00pm-2:30pm CEST

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business news live from berlin north korea dismantles its nuclear test site ahead of a planned summit with the us north korea carries out what it says is the demolition of the underground facility it's seen as a sign of goodwill from pyongyang to washington but doesn't really mean north korea is on the path to denuclearization. also coming up investigators say the missile used to shoot down flight m.h. seventeen over ukraine came from a russian military unit all two hundred ninety eight people on board died in the crash in two thousand and fourteen the passenger jet was headed from astor down to
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kuala lumpur when it was blown out of the sky. and german chancellor angela merkel visits china for two days of high stakes talks there interests a line over trade feuds with the u.s. and the iran nuclear deal but how will they handle merkel's push on human rights. i'm sumi so much found out thank you for joining us north korea has blown up its only no nuclear test site according to reporters at the scene the north invited a handful of international as well as journalists from south korea to the testing grounds in the remote when you're ready to witness the demolition independent nuclear weapons inspectors were not present in the north korean leader kim jong un pledged to close the test site after a historic summit between the koreas in april. let's bring in journalist josh smith
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who is standing by in seoul hi josh now we haven't received a visual evidence of this demolition but what can you tell us about these explosions. so what we've heard from the journalists on the scene there is that over the course of several hours today the north koreans took the media in just briefly into the mouth of some of the tunnel showed them that there were explosives there and then proceeded to systematically detonate those explosives apparently sealing several tunnels as well as demolishing a number of observation post barracks and other facilities that are around the site how far in for example that collapse goes is not entirely clear and it's something that international experts have raised questions about whether this is something that north korea can easily reverse josh it appears to be a significant move and pyongyang has insisted it will not give up nuclear weapons
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ahead of this some planned summit with u.s. president trump in a few weeks so why are we saying this demolition. well north korea late last year declared that its nuclear force was complete and north korea has basically said that it like other nucular powers no longer needs to test its nuclear weapons says that there are operational so it's not entirely clear that this is any kind of a first step towards north korea actually giving up its nuclear arsenal that being said the move was welcomed as a way to lower tensions over its nuclear arsenal especially ahead of some of these key summits including potentially meeting between kim jong un and don't trump at the same time that nuclear arsenal has been north korea's bargaining chips are there possibly than other sites where north korea could still be developing nuclear weapons. that is something that many experts have raised concerns about
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as far as we know this is their only site this is where they've tested all six of their nuclear weapons that being said most experts do say that all of this basically comes down to north korea's intentions if they do want to reverse these moves then return to testing nuclear weapons or otherwise developing their program so far that's something that they could very easily do our correspondent josh smith of reporting from seoul thank you josh thank you not to news coming in from the netherlands where a team of investigators say the missile that brought down the malaysia airlines flight m.h. seventeen nearly four years ago came from a russia based military unit on the passenger jet was headed from amsterdam to kuala lumpur when it was blown out of the sky over eastern ukraine all two hundred ninety eight passengers and crew were killed russia has always denied involvement in the downing of the chat is the key for let's get the very latest on the story with bob a vessel who is covering the developments of barbara tell us more about the investigators
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findings. now what's actually not new that this was a russian missile we've known this for around two years but the investigators a really narrow narrowing down the who where and when and how because they have now made a record struction off the pass that this particular missile took from the fifty third anti-aircraft brigade that's located near the russian city of course into eastern ukraine and then where it did fire on the on the mh seventeen the flight that was down and then made its way rather quickly and reputably back into russia so they have they're really narrowing down how would this happen and how this was possible and that it was in fact a russian military vehicle and missile that was fired on on this malaysian plane
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where two thirds of the people that died in this downing of the plane or the dutch. national t.v. and this is why the reason why this investigation takes place in the netherlands and what the dutch really want is a trial they are now today talking about they have real evidence that would stand up in court to prove that this particular missile made its way from russia into eastern ukraine and back and that it fired an m.h. seventeen so that for investigators really is a sort of. major achievement but barbara they're not saying russia itself is responsible. they cannot of course because the causal evidence for that is not there but they are again putting out of the peel to the public and to maybe members of the military people in the region or experts who knew about the background of this to say please give us through that investigate if you give us further
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information they have investigated so far is analyzing satellite images images on social media phone calls all the information that's out there and that they could get hold of and it's a very detailed work that they had to do so far to get to this particular point but they want to see people in court in the netherlands because russia is blocking in international tribunal and of course the netherlands has been from the beginning on pointing their finger at russia and this is one of the cases one of the major cases that has has been poisoning the relations between moscow and the west the scruple poisoning is the latest but this was one of the first really and so they are still on the case and the investigators in the netherlands will not stop barbara visa with the latest developments for us thank you barbara. time to catch up now on some other headlines making news around the world yulia screwball has spoken out for the
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first time since she and her father a former russian spy were poisoned she said the nerve agent attackers turned her life upside down she also announced her hopes to return to russia despite the u.k.'s claims that moscow was behind the assassination attempt. a u.s. court has ruled that president donald trump cannot block twitter users who disagree with him from viewing his account seven plaintiffs sued trump after used a feature on the social media site to block them the judge said that the president's account is a constitutionally protected public forum. and german foreign minister has said that europe is a long way from a compromise with the u.s. on a new iran nuclear deal the u.s. pulled out of the two thousand and fifteen accord a move which germany has called a threat to international security made those remarks during a visit to washington. where the foreign minister is in the u.s. german chancellor angela merkel is in china hoping to strengthen trade ties between the two countries merkel is seeking greater market access for german companies and
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better protections for foreign companies operating there michael who's on a two day visit to china told premier league that close cooperation between the two sides was essential michael also says both trying to enjoy many are committed to standing by the iran nuclear deal she'll need president xi jinping later today. more on the chancellor's visit now with the journalist felix lee who is standing by for us in beijing hi felix why was this meeting today so important. yang the last years relationship between china and germany developed very smoothly but the world was trying to get us president has change and change also makes it complicated for the signer german relationship iran for example merkel and she were talking about iran told to deal with iran after trance decision to pull out of the nuclear deal what else would you want to salvage salvage the you run nuclear pact companies in both countries are afraid of possible u.s.
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sanctions they continue to trade with iran the problem neither has a solution for this difficult situation so tough tarts in beijing so does this mean that we could see an alliance now building up between germany and china. well virtually market and we are emphasizing how close the relationship between the two countries still are but under the surface there are lot of new problems also related to trump china's pledge to buy more american goods for example as part of the duty of going to trade war with the u.s. could mean that germany is first in line to suffer the calculation of very simple of china buys more products from the u.s. this could mean the chinese buy less from other countries especially from germany so this is a very difficult situation for chancellor merkel she relies on china but it's not trusting the chinese another difficult issue for transamerica felix is the question of human rights and right now the case of activist lu shah who is under house arrest now actually did comment on this today when asked about it let's listen to
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what he said surface moment public events had his way we must respect humanitarian assembly and follow humanitarian principles of on relevant individual cases we hope to have dialogue on the basis of mutual respect and equality than that she's. so felix how significant is it that ki-chan actually did comment on human rights when asked about it and what do you think that means for lucia well he mentioned that china at problems with human rights but she emphasized the country isn't truly a solution he didn't mention her name merkel is pushing people he was just released and there were some signs of china's government will let you shargel but china did not give a clear commitment yet still seems for you shasta arms here what is expected of chance america here on human rights because she's been under
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a lot of pressure to bring this up and push china well germany is one of the few western countries that still dares to criticize china for human rights violations france u.k. and not even the u.s. government going to trump nobody talks about this subject and what i saw from the diffidence there is a lot of hope on chancellor merkel but the problem is the chinese here are less and less of the subject or journalist félix least speaking to us from beijing felix thank you very much if you italy's president has approved giuseppe condé as the country's next prime minister country was put forward for the post by italy's two main populous parties the far right league and the anti-establishment five star movement they headed out for his first day in office a little known lawyer and political novice is a desire to end weeks of political deadlock in his acceptance speech and promised to protect italians at home and abroad but said he was aware that he needed to
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honor european and international commitments the country has promised to form a government of change something many migrants and refugees in italy now see here. they. were. doing is learning italian through games like this one origin only from mali he comes to this school in eastern rome four times a week along with other migrants and refugees but that might change if the new italian government has its way. you know. students are definitely aware that something is changed here people are starting to give them strange looks are they getting a first hand experience of the shift in italian politics. the head of the right wing populist league party. wants to push through a hardline anti immigrant agenda as italy's next interior minister he and coalition
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partner luigi you are from the five star party want to deport half a million migrants as part of their agreement but experts say that might not succeed they will write the things i don't think they will be able to do really effective things the common basis of these parties is these idea that they are both. parties. i do not expect. a very long longstanding cooperation after months of uncertainty there's a sense of relief among the general population polls suggest six in ten italians are ready to welcome a populist coalition government. gave that we've had very little substantial progress in politics over the last few years i hope this alliance if you can call it that will make a positive difference. also most tension that i feeling nervous about.
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we're taking a big risk. i think all changes good italians have had enough of traditional politics and we haven't got much to show for. europe and we're going to. put many refugees in italy like come out to and from mali have reason to feel uneasy no. i think it's crazy that they actually want to send us back i can't believe it i've been hearing about this since i got here it's just insane. man shuffle. that's why people in classrooms like this one on the edge of rome hope the new government won't accomplish all it set out to do at least when it comes to migration. ok ben is here now and then some big changes underway at the bank
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leading lender is bleeding from a leading global investment bank to a downsized operation in damage control the long term share price down revenues falling and hundreds of bankers leaving in the past weeks and you c.e.o. is meant to save the financial institution but his first call even more job cuts. they came to express their contempt for dortch of bank protesters who gathered outside the annual shareholders meeting in front foot see germany's largest lender as an example of everything that's wrong with the financial world the announcement of more than seven thousand job cuts just comes weeks after the bank appointed a new boss the. current results leave us no other choice we need to set in place the conditions in order to sustain long term profitability. he long for this even for us it's on shuffle one thing that most people can agree with is that something needs to change at deutsche bank as most trying for i need
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a bank that is competitive on both a national and international level and that's not the case now. the moment. simply too high they need to go down dortch a bank has lost its edge in recent here is only way will be able to sustain profitability and build on our strengths and i ignore cuffed. of. after three consecutive years of losses the new boss is intent on shaking things up he wants to focus on the german market coupling innovation with old fashioned banking. for the frankfurt stock exchange for us jenelle how is that you going to do domestically on the corporate fraud when so many german multinationals use u.s. banks for their business abroad. well this is the essential question right i mean
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deutsche bank is clearly stepping away from its globalist ambitions because it has to but at the same time it can't make any kind of claim of regional dominance either there are enough european banks that are able to service german wilton nationals and they're probably a safer bet than deutsche bank when it comes to corporate services or investment banking now i was actually talking to someone who worked at deutsche bank earlier today and he said that the mood there is very grim not just because of the job cuts but because of skepticism at the strategy they know that deutsche bank has slept through important industry developments that would have given them a fighting chance against other banks today the i.t. infrastructure is apparently terrible and we can't forget that the banking industry especially is seeing so much change due to digital video tell ization and automation so they're wondering how deutsche bank could possibly compete this is going to be important to german multinationals as well as they play catch up themselves now reports of the job cuts got shareholders excited yesterday not the case today but rather a stormy shareholders meeting. precisely now yesterday
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the news reports of ten thousand job cuts because the share price rally before it eventually evened out today we actually saw the share price drop after saving speech and as far as i can see it's still declining now two possible reasons for that the first reason is that because the headline figure reported yesterday appears more than the seven thousand figure being bandied about today although we have to say that they said at least seven thousand. points to a minimum seven thousand could also mean eight thousand or nine thousand another reason of course is the cost they don't like about it will cost eight hundred million euros you know thanks for your analysis for a very good. asian carmakers getting off track today the german ones to washington wants to impose tariffs on imported vehicles it claims it has damaged the domestic industry. impacting national security the same argument to justify
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on steel and. german cars remain popular in the united states that's a thorn in the side of u.s. president donald trump who maintains that foreign imports have a road it to the domestic car industry over the past two decades u.s. car imports have risen by fifty percent while the number of workers in american car plants has been falling german factories in the u.s. have partisans of new hires german auto makers account for one in six jobs in the u.s. car industry but now donald trump is reportedly mulling a plan to impose import tariffs of up to twenty five percent on vehicles european car makers at present pay about a tenth of the. carmakers like mercedes b.m.w. and fox which money factor in the u.s. would be less badly hit than companies like porsche last year almost half a million german cars were exported to the u.s.
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it's not only german car makers that are fearing a potential tariff japan another major car exporter is also feeling the heat. so if the u.s. import tariffs go ahead they cause great confusion to the global economy have a negative impact on multilateral trade under the w t o system that would be very regrettable. opinion remains divided about whether import tariffs would actually benefit the u.s. car industry some experts say the move is unlikely to create new jobs. you know joins us now from the association of german chambers of commerce and industry and you're good to see you i've been talking to lots of analysts about this for weeks now and they a saying a word saying that this would be the big one the metals tariffs both china and you the u.s. were just testing the waters but when it would if it came to cut tariffs is going to really start a trade war well it's a very difficult situation at the moment and even the the reasoning for the new
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attempt to impose tariffs is a little bit constructed so we're heading into a very difficult situation on world trade and especially because one of the major german branches with a car sector is targeted a little bit constructed national security i mean where is the reasoning in that what's what's washington strategy. well the surgery seems to be a little bit always the same for us if we. impose with strong words threats and then we might discuss about it it's very difficult to negotiate. on such a background but the question is what will really follow and this is a major attempt to take the german car industry. we see a little bit that competition somehow doesn't seem to be a good element anymore in the u.s. but what's going to follow for the u.s. what are going to be the consequences for the american market. well the american
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market is extremely important for german common your fractures and that's why they also have a lot of investments on the sectors so it's a little bit. and underestimation of the strengths also of the german carmakers in the u.s. on the other end u.s. consumers seem to a lot of german and japanese cars for terrorists are imposed and then first of all prices will rise over american customers to pay for that exactly so i'm a americans going to buy a chrysler rather than a b.m.w. now well it seems to be doleful that the terrorists will be the only reasoning for that is the question of who is making the better product and that's what i meant with competition you have to there's a competition in the car sector and the americans a little bit try to sneak below the bar and say we impose tariffs and everything will get easier that will be you know on that potential trade war for the
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association of german chambers of commerce and industry thank you. and so he's got a favorite among fans also major made in germany them but massively popular around the world it's a car that screws into the hearts of millions worldwide the v.w. beetle has a vast fan base in germany and beyond with many want to work by its cute round form and reliability of course as a bag celebrates its eightieth birthday today that you takes you along for a joyride. with its red orange paint job and circular headlights it's ten months in the months pride and joy he's been a big fan of v.w. beetles for decades. true so they're nice and round really cuddly just adorable almost when you stand in front of it you see a really friendly face looking back. hammon cinnamon takes me on my first ride ever in the legendary car.
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there's not room in this. windows or. probably wouldn't. have a completely different. twenty two million have been sold and it was even once the world's best selling car it has also been popular in the us and. helped lay the foundation for the we w. factory in one thousand nine hundred thirty eight his propaganda promise was a car everyone could afford what he called the strength through drawing a car that we evolved into the v.w. beetle in the one nine hundred fifty s.
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it became the symbol of freedom and independence in germany germans drove it to the countryside and vacation spots it didn't take long for the millionth people to roll off or you simply line the car represented the country's economic miracle on we it's and worse renowned for its durability no other car goes through so much or so little but. that's these are right. there's the w.b. to even made it to the silver screen disney made millions with its film buck. cam and summer months car has even helped him to make new friends he joined other beatle enthusiasts to create a fan club the vehicle has been out of production for fifteen years now but love for the bee to never dies. or a
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reminder now of our top stories that we're following for you north korea has the most it's only known test site on the country's reward north east according to reporters on the scene north korean leader has pledged to close the test i think after historic summit between the two koreas in april. and investigators have said the missile that brought down the malaysia airlines flight m h seventeen nearly four years ago came from the russia based military unit the passenger jet was shot down over eastern ukraine all two hundred ninety eight people on board were killed . thank you for watching is everywhere back at the top you. claim.
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center of the conflict zones come fronting the powerful. my guest this week here in jerusalem is michael farr is simply the minister for public affairs. his government has rejected any international investigation because of events of the features he's made. what's it got to feel. conflicts so close. to. a game and the tradition sometimes of a technological twist propose that mike has crew go try some weight. first she
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needs to know the theory. and take some driving lessons before she's ready for the competition coach how will she say trajectory of training her. sixteen year. old to. global inequality. what does inequality mean. well. to the media. join the discussion and help your. media form trying to eighty odd or carter going to further and further going to turn your and dirtier. the high gloss world of professional behind the scenes. manipulation exploitation corruption style. a business worth
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millions but just how murky is the world of sports in reality. starting june sixth. despite widespread international condemnation israel remains largely apologetic about the thousands injured and more than a hundred killed by its soldiers along the border with gaza my guest this week here in jerusalem is michael oren deputy minister for public affairs his government rejects any external investigation into the gaza violence what's it got to fear.

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