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tv   Business - News  Deutsche Welle  June 9, 2018 3:02am-3:16am CEST

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the g. seven summit is underway in canada amid massive trade tension between the u.s. and its partners the summit looks increasingly like the last attempts to prevent a full blown trade war. also on the show top apple supplier foxconn says the u.s. china dispute is not about trade it's about technology. and an idea that could save the oceans will take a look at a project aimed at ridding the pacific of half its plastic trash within five years . it's not for business on the w m m how are you going to welcome who start where all eyes are at this week and the g. seven summit in quebec a special summit because of donald trump's combative mood he set the tone even before his departure from washington on friday list right now we are not going to live with the deals the way they are european union reaches very
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unfairly canada very unfairly mexico very unfairly with that being said i think we'll probably very easily make you feel. striking deals like that might be easier said than done though the summit has traditionally been about seeking common ground but u.s. tariffs on steel and aluminum have set trump and the u.s. on one side of the trade debate and leaders of the other six nations on the other a situation that has let the media to dump the event the g six plus one the official group photo of the leaders at the event looked for mona soon enough but behind the scenes the acrimonious debate on protectionist policy appears to have made for a tough day of talks. are her spawn and the phenomenon is in quebec and as the summit was getting underway on friday we asked her what to what extent trade issues will dominate the meeting. this topic is of course on top of the agenda here and this is
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a particular important topic for the europeans here they met on the sidelines of the summit and seem to have agreed to have a joint stretch and see how to deal with the president and his protectionist trade policies they once apparently to push for references to free trade rules and. could be signed here to morrow and it shows there are apparently not believing anymore that it would be possible to convince donald trump here at this g. seven summit to change his trade policies and we know talking to the you asked a geisha that. is determined to continue his aggressive trade policies and adding fuel to the fire as the g. seven summit is yours up in canada it emerged that china's trade surplus with the united states jumped by almost twelve percent and made for the first time five
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months of the year china's with rather for the first five months of the year china's surplus with the u.s. was more than one hundred billion dollars that figure may reinforce washington's decision to move forward with new tariffs and tens of billions of dollars in chinese imports as early as next week beijing has warned those tariffs would void agreements made between the world's two largest economies over months of trading. and our financial correspondent at the new york stock exchange so fishermans q. standing by for us sophie what are the reactions where you are to this could it strengthen trump's hand in trade disputes. well that is the perception here i mean it gives him a way to justify his stick and some might even call that stubborn way of bargaining and he needs to bolster his view because he has many opponents even within his own party is obsessed with anything that concerns the trade balance trade deficit for
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him the source of all evil and all problems so he is a protectionist and they always complain about the united states trade deficit for good but forget about the surplus of foreign investment capital or trade the trade surplus and services trade is not a one way street where one country loses and the other one wins and so economists for once pretty much agree that these terrorists are going to hurt american businesses and consumers and that again would to harm the economy and g.d.p. growth as well and that would be definitely a problem where you are now it's the end of the week so see how did the markets close and what's coming up next week well this week it was all about trade and at the same time it was and it can be pretty confusing what the markets are making out of potentially consequential use investors have said simply have been good in creating their own buying opportunities they act concern the one day and then they simply jump back into the
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market the next day at lower prices of course one economist i talked to said right now markets are simply not a good indicator for the u.s. economy a trader told me investors have money that they want to invest and they do it now while the markets are still op and this is exactly what's going on right now and the focus next week is probably going to be on the meeting off the f. o. and c. and they're really likely to raise rates and other times so fishermans key for us in new york thank you very much and have a good weekend. corporate news now and apple might be scaling back i phone production a memo in which apple alerted suppliers that it was liable to be ordering twenty percent fewer components in the next production cycle is sparking rumors it's a particular problem for taiwan based foxconn one of apple's top suppliers foxconn has major factories in china and has to deal with the fallout from the china u.s. trade dispute but the company is up to mystic and says that its feud is not about
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trade but technology. foxconn founder sees his company as caught between the world's top two economies and he believes there is opportunity there. were. i believe this is a critical turning point for a company especially because of the recent ongoing trade friction between china and the united states i believe this is not a trade conflict brother a competition and a comparison of technology. china lags behind the us goes says and that's why he wants foxconn to become a pioneer of china's smart manufacturing which leans on artificial intelligence and five g. telecommunications he has reason to look forward to the smartphone market is flattening out and top customer apple is ordering fewer parts. foxconn is building a new l.c.d. display plant in the u.s. state of wisconsin the move creates jobs in the u.s.
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and gives the company access to american technology. to nigeria now where entrepreneurs are turning waste into money with a population of about one twenty one million the city of lagos generates up to ten million kilograms of trash per day well authorities try to tackle the problem a company called pearl recycling transforms things like car tires magazines stross plastics and wood into household items and it's also transforming how people think about waste. where other people only see old tires only media ynys spots potential beauty she goes around to businesses in lagos collecting tires that are no longer fit for vehicles only midi is a computer engineering graduate but she has found her calling making decorative furniture. still to make use of every tires you see the tires
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assumed to be used. as the tires broken we can't use that. back in her studio the creative work begins step by step and old tire becomes a beautiful ottoman and the environment is being protected too. in nigeria. is quite new and the good thing is the. chance is. people. to seek more we. will let. everyone to be. advocates only media sells her pieces for as much as twenty thousand that's about fifty five us dollars she even has orders from europe but are there any concerns about health issues. that will tie asked be due to different areas of green.
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tie as also miles at any point is. sometimes people bring their old tires to her and get a thirty to fifty percent discount off her products. he said of victory a tie as. in your dream agent keep the economy color. and they will talk about the price. see even old motorcycle tires get it beautiful wrap recently he has started training other people who are concerned about the impact of tie a waste on the environment. products and now showcased in some of the major furniture stores in lagos. oceans cover seventy percent of our planet it's hard to undermine its importance and yet they have inclusively come under threat mostly due to plastic pollution eight million tonnes of plastic are washed into the sea every year so lucian's are scarce but new technologies could offer answers.
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five gigantic marine plastic garbage islands floats around the world's ocean currents. the great pacific garbage patch drifts between hawaii and california it's full times launch of them germany. the floating quagmire could get something of a purge this summer a. key ocean cleanup is the brainchild of dutchman boy and slant it's a boom which drifts more slowly than the plastic which collects along behind it to be recovered for recycling the clean up system will automatically gravitate to those places where most plastic it's that now calls the efficiency to be a lot higher because there's just more plastic in front of the system and therefore we can now claim that fifty percent of the battle in just five years. collected over thirty million dollars in donations to develop the ocean clean up it's already been tested in the north sea. if it's successful in the pacific it'll be employed
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against the garbage competence of their oceans as well. thank you for watching. on. earth.
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it took home to us of species. a home worth saving and. those are big changes and most start with small steps global ideas tell stories of creative people and innovative projects around the world. by deals that protect the climate boost green energy solutions and reforestation. goes out to people you cannot protect the force to come into interactive content teaching the next generation about environmental protection. using all channels available to inspire people to take action and when to turn and to build something here for the next generation global ideas fim barmen series of global three thousand on d w and on line. you can tell a lot about a society by its garbage. the first seeds from merciless for the rich
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but for many poor people it offers their chance of survival and i could be punished for today just lying to. our reporters travel to nairobi and just meet people who know the true value of garbage. it has created a thriving parallel economy. but what does all this mean for economic inequality around the world you guys are starting class warfare the response to that statement should be yes we all study plans want to be in because we're tight play. the bridge pickup truck an exclusive report starting june eleventh on g.w. .

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