tv Business - News Deutsche Welle June 12, 2018 2:15am-2:31am CEST
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flood of images they combine sources to try to reconstruct what happened and to substantiate claims of crimes thanks in this video recording one of the soldiers who shot me young man is on trial now st. paul's forensics between bits parts. of. truth detectives starts june thirtieth on t.w. . after. a little. time to clean up barack's self's a german government grilling diner recalls hundreds of thousands of vehicles over the diesel emissions standoff it was a coming up. alongside all the brouhaha over the north korea u.s. summit there are hopes that the recent thought which we know. south korea could
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boost both sides economy. and in the face of greece's debt crisis yanis varoufakis tells me celebrating the so-called greek economic recovery and insult to injury on during the nation is in the state of. bass is your business update i'm heading home free and glad you could join me now the german a call make a dime has agreed to recall of the two hundred thousand vehicles in germany following some stern words from the country's transport minister the diesel engine vehicles appeared to have been fitted with software that turns off the mission's controls under certain conditions. c o d to look relaxed on monday afternoon but that was before his meeting with german minister for transport on calle scheuer he summoned search it to the ministry and two hours later put out this video message to point b. that government has demanded the recall of two hundred thirty eight thousand name
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like cars in germany illegal emissions cheating devices and a total of seven hundred seventy four thousand cars in europe are affected for good but. an unexpectedly blunt statement from the minister but the diamond chief spoke of a constructive conversation. as we agreed that we would clarify the regular questions and take care of the vehicle software without delay will do so if it is a prosthetic about. the comic it will have to address the problem in its veto vans as well as other models such as c. class or dance along i've a jew measure according to the green party. is our exit site the future it's a hard time that something's being done and how can it be that in america lawsuits of trials and managers have to fear the consequences and fix well nothing happens in germany or should pursue it. experts say the recall in germany could also impact on lives u.s. division as a host they will be repercussions in the u.s. and lawyers in the u.s. will certainly be taking
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a closer look at some of your eyes on any other kind of this meanwhile time lamentations it's claimed that the offending devices are legal and only serve to protect against engine damage. german building materials make a canal fizz following american a dry will produce a u.s.g.a. in a deal worth around seven billion dollars and giving kamil access to the most if construction market in the united states the u.s.g. it was founded in one thousand oaks to it'll keep its headquarters in chicago and continues to be managed to the u.s. companies expect to seal the deal the next year. and financial correspondent say fisherman ski is a new york for us sophie in the middle of the transatlantic trade dispute how has the news of kelce acquisition gone down over the. well it seems like a win win situation this deal is supposed to fall for us to use bankruptcy u.s.d.a. as the biggest u.s.
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maker of gypsum wallboard and they fight for bankruptcy protection in two thousand zero one under the weight of as the best of litigation settlement and then famous warren buffett debated out the company with three hundred million dollars in funding but berkshire's they became so large that it couldn't sell those tears in the open market without pushing down the price so this deal now in a both berkshire to exit what buffett has called a disappointing investment now if in the meantime gets the opportunity to reap the gains of a recovering u.s. housing market and i've got to ask you survey how is the market responded to the g seven may have. investors do not care about any comment at the moment this is not easy to understand and even harder to explain because these summits could have a significant impact on u.s. companies and also the stock market but when i talk to traders they tell me they're simply enough money in the markets right now and investors seem to think it is now
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or never if if this rally should and then they can still leave them i can't but as you see this is of course a self-fulfilling prophecy as long as they say the markets are going to stay out tavish lansky versa wall street thank you now seventy years ago in the wake of a terrible war korea was. split rather into north and south one people one language two very different economies down twenty sixty south korea's g.d.p. was just under one and a half trillion dollars north korea's was barely twenty six billion north korea's leader kim jong il says he's focused on economic development. this factory outside south korea's capital seoul shouldn't even exist. up to two years ago the spacing rings for shock absorbers that the workers produce here were made in north korea in a special collaborative economic zone of k.
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song just behind the border as che tech was the first company to set up shop there back in two thousand and four industrial park is unusual as to take c.e.o. you tells me it's run jointly by the two koreas the biggest advantage of the collaboration has been having access to north korean workers. it was certainly they were passionate. intelligent. those qualities that made them stand out above other labels in other regions those were the reasons why all the companies in case we're so happy to work with them. and they were cheap north koreans only earned one tenth of what their counterparts in south korea made on par with other cheap labor countries in the region but song is only sixty kilometers from seoul and everyone there speaks korean for local businesses a major plus but then in two thousand and sixteen it was all over the border was
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closed after north korea conducted nuclear and ballistic missile tests since then the only way of accessing the country from the south has been through binoculars. that bridge back there is part of the railway line that leads to the k. song industrial complex at the moment of course back election is closed but that could easily change and it could in fact become part of a much wider plan of economic cooperation between north and south korea that the government in seoul has put on the table. that plan and business is three major economic orders and industrial logistics and transport belt along the west coast connecting the korean peninsula with the north east of china and energy and natural resources belt into russia's far east and an eco and tourism area in the demilitarized zone along the border between the two koreas. toit in k. expert on the economies of north and south korea thinks economic integration on the korean peninsula is
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a win win. south korea today is like island. for if we cooperate with north korea we can directly connect to the trance iberian road. or the transfer china route to reach the netherlands amsterdam germany. frankfurt for a state take to a thaw in relations with the north would be good news if the case song industrial zone were to reopen they could easily double their production they say and that would help boost north korea's economy to. the former greek finance minister yes but if i kiss says his country's economy is it flourishing he says it's drawing up a europe's been praising the latest growth figures as a success story but debt is still at one hundred seventy seven percent of g.d.p. and in an exclusive interview with g w get this put it to mr that effect this that he was ready to let years and collapse back in twenty fifteen look i am
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a committed you to be honest my every speech i gave was all about what we need to do in order to save the eurozone and save the european union but at the same time i was saying we are not going to save the euro zone and save the european union if we keep extending the getting the debt crisis into the future by means of more loans from the german and the slovak in the portuguese taxpayers that are given to any bank of the greek state on conditions are going to be that the greek state will not repay them i was x. three of them because i could see that what europe was imposing upon greece was not just but for greece but it was also bad for europe and the result is a very now being that migration minister in italy speaking about greece you famously said that greece was fiscally water boarded by its creditors and compared the eurozone to hold california you can check in any time you like but you can never leave well the greens hasn't left the eurozone greek economy in the last
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quarter grew by two point two percent that's the fifth consecutive quarter of growth inside the eurozone could it be that you were wrong about that. i sincerely hope and pray that i'm wrong but i very much fear of them right if you look at the group by the way the growth rates for three years now the all that he boards of growth it took six months before before the fizzled out allow me to say that our income has crashed since two thousand and then it blood told us that on two thousand and fifteen two thousand and sixteen and there is no appreciable growth whatsoever except for some growth when it comes to tourism but. it couldn't be otherwise think about that increase of the moment we have bankrupt companies and we have bankrupt banks and backroom households and everybody's trying to pretend to vanno the bank of by borrowing money and you have a state which is imposing twenty nine percent corporate tax rate and the worst part
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of it is that we are imposing upon even small businesses to prepay next year's tax this year one hundred percent of it when in bulgaria next door to us the docs say this ten percent there is no prepayment of next year doc says this year this economy the greek economy is in a state of this investigation and all the celebration of recovery is just adding insult to injury we're losing fifteen thousand young people every day every month our human capital is being depleted and greece is becoming a kind of course of all that is a protector of the european union that doesn't have anything really to show in terms of jane and growth and janie and prospects except beautiful beaches fantastic weather and very nice people. and as far as fairfax that thanks for watching and i'll see you soon struck.
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