tv Business - News Deutsche Welle June 7, 2018 3:15pm-3:31pm CEST
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and it still is who don't support adirondack is helping to mobilize by canvassing for the h d p campaigning in berlin against the president. visited with you shortly to stay with us i think at. a school exercise book filled with stories of war atrocities written by brave people who want justice to you a free can. now this picture was taken in belonging and with. the photo was shown you prove what's going on in the central african republic one minute it's in
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an exercise alongside many other photos of people who were abused to rape of women and girls who gave birth to one wanted children in the heart of the monetization of full of. africa deal with winning documentary starting june fourteenth own d w. just weeks before elections in turkey investors up pulling out amid a week on iraq and rising inflation from the tucker central bank prevent a recession and how exposed is the eurozone to turkey's shaky currency. as german pharmaceuticals have their way by a small small song so will the world's biggest player in the agro chemical sector also food. and the e.u. earmarks nine point two billion euros to. funded new digital drive to boost the
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block's competitiveness but it is is it too little too late. come to d.w. business i'm get out of the turkish central bank has raised interest rates to seventeen point seven five percent that provoked the shaab jump in the value of the turkish currency and comes less than three weeks ahead of the country's presidential and parliamentary elections the interest rate hike of over one percentage point has been widely expected inflation has hit a six month high last month president reza tired at a one announced his intention to exert more control over economic policy if he wins the elections that driven that's driven losses in the lira and put pressure on the turkish central bank to raise rates well today's meeting of the turkish central bank comes only two weeks after an emergency interest rate hike a clear indication that these are difficult economic times every number of foreign investors are pulling their capital out of the countries since the beginning of the
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year the lira has shed twenty percent of its value against the u.s. dollar some major foreign companies have increasing reservations against investing in turkey turkish firms have foreign currency debts of more than two hundred twenty billion dollars the weak lira makes it more difficult to repay those loans a little earlier we spoke to economist yeltsin addle he things everyone in europe should be very worried about what happens in turkey because the euro zone's most in stable country is heavily in exposed in turkey. this is a very important aspect in italy it's spain and these are exactly the countries which have been going through a very difficult financial period and the central bank in europe had an eye on this loan positions with respect to turkey but still the in particular you mention it this country is in a political on a stable situation and link it to turkey will force european politicians to think
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about the potential bailout off turkey fire italy but i'm afraid that the german politicians in particular are not going to be happy about these kind of into linkages and dependencies just remember the discussions in germany that bailouts basically why should germans pay for mismanagement in other countries and given the rhetoric between germany and turkey over the postes years that will be a very very difficult situation also for the european banks and european politicians i might marry if you want. breaking news it's the largest of a foreign acquisition by a german company chemicals group by a has just sealed its takeover of us monsanto it was sixty three billion dollars and makes by an even bigger global player the name monsanto will disappear but its products remain including the controversial weed killer round up of contains the chemical plant site. it took almost two years but it's
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finally done with its purchase of months on to buy a becomes the largest agra chemical company in the world. it holds just over thirty percent of the global market that's ahead of the chinese swiss firm came china syngenta which has just over twenty eight percent then it's the u.s. business dow dupont with seventeen and a half percent b.s.f. controls about thirteen and a half percent of the global market you know other words just five corporate entities will determine the direction of global agriculture and the nutrition of humanity this while the world population grows ten billion people by twenty fifty according to current estimates because farmland isn't increasing it's up to these five firms to figure out how to coax more out of the ground that's already under the plough. i'm now joined by he's an agricultural
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economist and senior fellow at home both the home of foreign food and call. creates an aggregate cameco juggernaut with ambitions to feed the world but it's feared by in via mentalists how dangerous was monsanto and how dangerous it is by and now there are two driving forces behind the increasing concentration in the crop protection in the street at the globe is increasing cost of developing a new model. story and new molecule for approval by the competent authority as. and the reason for this is the government regulation and documentation procedures the companies that we had twenty years ago and this market were simply too small to be of the cost in addition there is an increasing risk of having a certified molecule for crop protection be decertified off the few years as it has recently happened with the so-called neo iniquity no it's so the increasing costs
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can only be borne by large companies i guess you can't have it both ways small companies and tight and very expensive government regulation of developing new molecule is and the second reason for this is simply that we've had scientific progress there are new breeding methods it's called molecule of breeding or sometimes genome genomic editing with this type of new. breeding technologies the crop protection in history itself will change they will increasingly move to new varieties that have built in crop protection through these new technologies those crops that are resistance against against pests and diseases that are tolerant against joe wood and heat and also they may have the one wonderful property of being able to use the nitrogen that is in the atmosphere is
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virtualizing so you can drop dramatically reduce the use of synthetic nitrogen fertilizer in agricultural production and those movies i want to let me just read we just interject that with all these technologies. that may be patented as well is there a real danger and that's what many people fear that one day one big company owns all food. well this deal as well as the other deals though dupont and since that are going to come to china all these deals had to be approved by the competent competition or authorities and they have been approved i don't see any problem right now with too much market power as do the competition agencies. another a big factor in this takeover it is a glaive to say that is a chemical that is controversial to say the least what what's your take everyone is afraid of it is that justified life as it was initially patted to buy monsanto the
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patent has long. as long and it no they are about one hundred companies in the world to produce life was there fifty of them incidentally in china life was a greatly facilitates weed control in production in so far it is of big it is a big advantage in addition it reduces the energy needed to. have a crop because if you can. avoid killing the soil which requires a lot of horse powers and a lot of diesel very briefly is it dangerous or is it not it is not thank you very much how because of the economist joining us from hanover denmark has had its driest may in one hundred thirty years with badly a rain drop anyway that while most danes frolic in the sunshine the country's
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pharmacies are left watching their crops with their in the fields total losses of the sector could run to as much as one billion euros that's a lot in a country such a small area of farmland. some areas of the country are on the verge of a catastrophe the danish farmers' trade organization says something like a quarter of the country's harvest has already been lost and things are far worse than the last time a serious water shortage hit back in one nine hundred ninety two when danish farm output slumped by over twenty percent. deal for poor because the drought came as a as it did it's the driest may we've had in the one hundred thirty years since the government's been monitoring the weather. plants are supposed to be ripening the seeds now. and they can't without water. farmer pairing god says that his crops are hardly bearing any seeds which will also affect next year. this one's completely withered everything's gone there's nothing left on this one.
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and god estimates his own financial loss at over one hundred thousand euros and climbing with every sunny day with no break in the weather on the horizon yet. european union has proposed a minor point two billion euro budget programme to fund the blocks digital priorities that's a first in e.u. history the program aims to boost europe's competitiveness in a world where digital technology is increasingly dictates economic success the new funding aims to complement the efforts to smooth digital access security and regulation across the block the commission says the program would invest in areas that member states alone can't reach the proposal comes as digital services assume a greater part of the e.u. economy and as industries turn to digital solutions built on faster and more seamless networks china and the u.s. are widely considered ahead in digitization. that
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europe cannot afford to continue to lag behind in the field of digital technology no member state can meet this challenge alone and that is why we must act together with concerted actions to bring added value. to the e.u. is also proposing an additional three billion euros in its budget to extend the reach of high capacity broadband both programs would be part of the blocs budget beginning in two thousand and twenty one and still must be approved by members. and that's all your business thank you very much for watching.
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the settling time for fires came from drivers are dealing with and even at that i killed many civilians i mean. so many coming my father was so sad and i was a struggle. i wanted to build a life for myself. but suddenly life became owlish kind of song. providing insights global news that matters d. w. made for mines. you can tell a lot about a society by its garbage. the future workforce for the rich but for many poor people it offers their only chance of survival. and i could be on for today just like the. reporters travel to nairobi to cork to meet people who know the true value of garbage. it has created a thriving parallel economy. the book which is will this mean for economic
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inequality around the world you guys are starting class warfare the response to that statement should be yes we are starting class want to play the rich to the trash an exclusive report starting to live on t w. i want to welcome to another exciting edition of euro max from a building blocks to dining with a difference we are embarking on a cultural journey in today's show here's a look at what's coming up. brick by brick a lego line in denmark celebrates its fiftieth anniversary.
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