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tv   Business - News  Deutsche Welle  June 9, 2018 7:02am-7:15am 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 a last attempt 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 . and some pro-business on the w. i'm sure you don't hear us welcome to 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 singh nuff but behind the scenes the acrimonious debate on protectionist policy appears to have made for a tough day of talks. are her spondon phenomena 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 all just on top of the agenda here and this is particularly important topic for the europeans here they met on
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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 that 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 earlier geisha that. is determined to continue his aggressive trade policies. and adding fuel to the fire as the g. seven summit years up in canada it emerged that china's trade surplus with the united states jumped by almost twelve percent in maine 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 with voigt agreements made between the world's two largest economies over months of trade negotiations. and our financial correspondent at the new york stock exchange sophie szymanski is standing by for us sophie what are the reactions where you are to this could it strengthen trumps hand in trade disputes. well that is the perception here i mean it gives him a way to justify his strict and some might even call it 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 bet again 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 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 and best says have money that they want to invest and they do it now while the markets are so 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 the dispute is not about
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trade but technology. fox conn's founder sees his company as caught between the world's top two economies and he believes there is opportunity there. for. 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 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 or 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 in the 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. the ultimate use of tires you see the tires are
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says to be used when i use the tires broken we can't use them. 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. chances. people. belong while the sikh boy we. are like stopping every two to be. advocates only midi sells her pieces for as much as twenty thousand nine 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 covering making their so you're tired as you are also miles
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along any point since you. sometimes people bring their old tires to her and get a thirty to fifty percent discount off her products. he still has. become a color. i know for us. stephen old motorcycle tie is get it beautiful wrap recently media has started training other people who are concerned about the impact of tie a waste on the environment. products are 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 tons of plastic are washed into the sea every year solutions are scarce but new technologies could offer answers in
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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. the ocean cleanup is the brainchild of churchmen 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 cleanup system will automatically gravitate to those places where most plastic it's that now causes the efficiency to be a lot higher because there's just more plastic in front of the system and therefore we can now clean up fifty percent of that that in just five years. collected over thirty million dollars in donations to develop the ocean clean up going off it's already been tested in the north sea. if it's successful in the pacific it will be
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employed against the garbage carpeting of their oceans as well. that's all for business thank you for watching so next time good watch fox going to. the ball going to. the back. of the bus coming. to. the
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beach it's all happening. pretty quickly found. your link to news from africa and the world going to your links to exceptional stories and discussions can you unwelcome student news after clean program tonight from born in germany from the news of museums and i would say damn you to close match africa and join us on facebook at g.w. africa. a school exercise book filled with stories of war atrocities written by brave people who want justice. well intentioned mismatch i was taken in bomb he announced it's in an exercise book and i don't find many other favor a little more and you can rape. women and girls goes to one wanted children. in africa the award winning documentary starting june fourteen. own d w.
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