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tv   Business - News  Deutsche Welle  June 8, 2018 1:15pm-1:31pm CEST

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just a bruise on the nape but you don't want to take any unnecessary risks he did some sprints today so i assume it won't be an issue for the world cup. am kind to him a is the match against saudi arabia is germany's last test before their world cup defense kicks off. monica will be with you shortly she'll have more on the g. seven summit which is due to start later today. if you can. a school exercise book filled with stories of war atrocities written by brave people . could use a flea come. in the now this picture was taken in. the photo was
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shot to prove what's going on in the central african republic. it's in an exercise alongside many other photos of people who were abused raped of women and girls who gave birth to one wanted children the out of them in addition a film that. deals with winning documentary starting june fourteenth on d w. could a merger between germany's two biggest lender be on the cards reports suggest that deutsche bank wants to revive talks with the bank to create a more solid player in the global financial world we get the latest from our market correspondent. also on the show the g. seven summit is kicking off into. a massive trade tension between the u.s.
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and its trading partners including a twitter between donald trump and french president. and a new lifeline for cash strapped argentina the i.m.f. agrees to a fifty billion dollars funding to buy a ranch. might come to d.w. business dodger bank chairman powell now has reportedly been speaking with shareholders about a merger with competitor come out spank according to bloomberg talks have not reached a formal stage just yet another two banks were said to have broken off negotiations back in the summer of twenty sixteen speculation has grown about a possible merger between daughter and come out since private equity company severus capital took a share in both banks and for the latest let's cross over to our financial market correspondent in frankfurt orly germany's number one and germany's number two lenders merging now if if that is true would you say that that is
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a good move. well it would certainly create more of a power hose and both of them are apart at the moment it would save tremendously and cost because of course if they merged they would need to let go thousands more people they're already in the midst of restructuring and letting go of thousands or eliminating thousands of jobs in a socially responsible way but they would need to go beyond that if they went together and the expense of such a move at the outright stage that would be incurred basically immediately and the benefits would occur later so people i talked to today said that if indeed they were in visiting something like that they would need to do the homework that they have now at the moment first and then maybe have a merger a medium term but not now that would not make sense people told me the merger is also interesting from another perspective because the german government holds
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about sixteen percent stake in clematis bank how would that stake be impacted by in the. well if the if the states stayed in the come out spunk. before a merger and during a merger and after than it would be issued stakeholder in an even bigger bank and it would of course have a big say in how things go. we don't know whether the government will do that we don't know if a merger will occur but it's an interesting prospect one thing's for sure the government can't sell can't leave can't exit now because it would only get a fraction of what it paid back in the crisis of two thousand and eight when it went in in order to rescue the canal spunk and after all it's not bad to have one big german bank where the state is in there as a character with all the jitters going about at the moment be interesting to see how all this plays out to leave us in frankfurt thank you so much. the g.
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seven summit kicks off today in quebec canada the leaders off seven globally influential countries are meeting there to talk shop all the nations together are responsible for over sixty percent of the globe's net worths no wonder trade tensions are high on the agenda in fact two off the participants have touched that in a public spat via twitter french president a man with mccall saying that six of the countries could go it alone on free trade to the exclusion of america his counterpart u.s. counterpart donald trump rebutting the common saying it's the likes of the e.u. who are responsible for unfair trade well earlier i spoke to marcus the economist from the university of center gallon asking him if there's a chance that anything useful could come of the meeting. most positive outcome could be that mr trump will revisit his trade regime strategy there will not be a solution i mean it's highly unlikely the europeans in that respect are united
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even though they are diverse in four different european countries but so that the most positive outcome could be a rethinking of his strategy and how would they make him rethink his strategy what aces do those other six half up this leads to do so. not much just to convince and that's the reason why they should meet i mean obviously there is an issue on the trade balance is germany versus the u.s. europe versus the u.s. but in the end it depends on whether you have competitive goods and services to provide and that's why the europeans have a surplus and the americans have a deficit now how do you know it it odd the other six is do they see eye to eye well that's difficult to say because for example the new italian prime minister conti is meeting all the others for the first time in his life at least as the prime minister of italy so it and italy's obviously going in a very difficult route in europe so the question is open how united the european
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countries are france is very fast reforming germany is not reforming their burdens on the brits wants to leave the european union and the jury's out fatally so it's a major question mark so what do you see the day job that if the best case scenario that that you described about don trump rethinking his trade policy if that was not to the case do you think that there's just some it could actually end making matters worse than they already. yes it could happen it's a very difficult and very political summit the g seven started as an economic summit some forty four years ago as the g. five but it has become more and more political for many many reasons so and if they do not find the common ground at least it could end. with there was a was in the there is no agreement in the end the joint no joint agreement now just finally looking at the role perhaps of the german chancellor who so far has not
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engaged in any twitter feud and she is known to be very cautious very soft spoken do you think that she could sort of somehow bring some solution to this summit where she is the most experienced leader amongst the g seven she can somehow behind the scenes help this is just into a duel so she could play a pivotal role to find it a solution because that's what she can do i mean she's proven it because bill the economist from the university of cent gallon thank you so much for sharing your views with us here at g.w. . argentina the international monetary fund have reached an agreement for a three year fifty billion stand by a range meant the government and when ira says it's sort financing to provide a safety net and avoid the frequent crises of argentina's past the international monetary fund board still has to approve the bailout loan. the deal marks
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a turning point for argentina for years argentina shun the i.m.f. after the economic crisis of two thousand and one two thousand and two many argentines blamed that crisis on austerity measures which the i.m.f. had demanded and they took to the streets again in protest against president mauricio mockeries in ago she ations with the fund charge and tina requested i.m.f. assistance early last month after its peso currency weaken sharply in an investor exodus the chairman of the central bank and the finance minister announced the deal on thursday it was. stand by we've agreed on standby access the amount of fifty billion dollars this is eleven times greater than argentina's quota which is reflective of the support of the international community for argentina it's very good news the integration of argentina to the world which allows us to have this level of support. but meet their general will surely if the money to.
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the agreement will hold the argentine government to its promise to reduce its deficit to two point seven percent this year the government will also send a proposal to congress to reform the central bank charter and strengthen its autonomy duke of me said the country aims to be in surplus by twenty twenty the world's largest furniture company is stepping up measures to reduce its carbon footprint sweden's ikea says all its products will be made from sustainable and recycled materials by the year twenty thirty and then the next two years it plans to remove all single use plastic products from its install snack bus and the announcement comes just days after the european union wants to ban the use of single use plastic products across the block. well wolf slike these are just what we need to clean up our oceans that's also something that world oceans
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day which we mock today reminds us off it's an initiative by the united nations intended to help us better understand the big blue blanket which covers over seventy percent of our planet but in recent years this blue blanket has increasingly come on the threat mostly from plastic pollution. five gigantic marine plastic garbage islands float around the world's ocean currents. the great pacific garbage patch drifts between hawaii and california it's four times larger than germany happily the floating quagmire could get something of a purge this summer. hiroshima cleanup is the brainchild of churchmen boylan slant it's a boom which drifts more slowly than the plastic which collects along behind it to be recovered for recycling the cleanup sissoko automatically gravitate to those places where most plastic it's that now cause the efficiency to be a lot higher because there's just more plastic in front of the system and therefore
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we can now clean up fifty percent of the patch in just five years. collected over thirty million dollars in donations to develop the ocean clean up going off of the plant it's already been tested in the north sea if it's successful in the pacific it'll be employed against the garbage carpeting other oceans as well. but that won't solve the root of the problem starts with change when people change their habits producing and using less plastic and recycling what does get made more efficiently. that's your business update. you can always find out more if you follow us on twitter and facebook or you join. the phone. such cut. cut.
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to our. country international talk show for journalists discuss the topic. of some of the world's most powerful leaders assemble in canada the g seven looks to be at. devolving into what she said plus one trump goes it alone europe at a loss that's our child because. you can tell us about the society by its garbage. it's worthless for the rich but for many poor people it offers their chance of survival . and i come along for the day just like. the reporters travel to nairobi.
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to meet people who know the true value. is going to win it's all in russia so they kick off one.

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