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tv   Business - News  Deutsche Welle  June 14, 2018 1:15pm-1:31pm CEST

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off the pitch. that story and more with. this is the view coming up shortly. with different languages we fight for different things that's fine but we all stick up for freedom freedom of speech and freedom of press. giving freedom of choice global news that matters w made for mimes movement fighting for the case to be taken seriously in the world of war here's what's coming up. on the talk on w though they do use the female superheroes on
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a mission to check out to see some of the smart women spot smart talks smart strange and legit isn't buying no means missed out on a brain creasing doing dangerous stuff. double make more money. lead. another big fine for folks starting in connection with diesel gates it hands over one billion dollars to german authorities for the emissions cheating scandal is the worst over for europe's largest comic. and with the world cup just hours away we'll take a look at the billions that are being made both on and off the pitch. business has the u.s. federal reserve has raised its key interest rates to the highest level in
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a decade the rise by a quarter point to between one point seven five and two percent is seen as another sign of a more aggressive stance for the u.s. central bank it's already the second hike this year and it's unlikely to be the last with the fed signaling they'll be two more races before december fed chairman jerome powell said this rise reflects the economy's resilience the strength of the jobs market and inflation finally nearing the fed's target levels but it also means consumers and businesses will pay more to borrow money the european central bank's policy committee is also meeting today and analysts are not expecting the e.c.b. to take a cue from the fed and also raise rates we'll have more on that in later shows. folks are now has agreed to pay a one billion euro fine as a direct consequence of the diesel gate's the comic or accepted an order by german prosecutors which saves the company
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a battle in the courts the emissions trading scandal has already caused v.w. a total of more than twenty five billion euros many in fines to u.s. authorities. v.w. is reeling after being slapped with another billion euros in penalties on top of that the company must pay in the u.s. as a result of the emissions cheating scandal around eleven million vehicles worldwide were involved. it would not appeal today's decision saying in a statement. by doing so admits its responsibility for the diesel crisis and considers this further may just step towards the latter being overcome. lower saxony state attorney says the fine must be paid within six weeks the decision doesn't affect the civil suits against the carmaker including those brought by people who purchased the company's cars the criminal investigations into forty nine people connected with the scandal continue in the city of pounds five.
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turkish president dress a tire at a man has threatened to conduct a so-called operation against credit rating agency moody's less than two weeks after the ratings company placed turkey on a review for a downgrade state run media has said the turkish president was quoted as saying the operation would commence after elections scheduled for later this months moody's said that its decision was based on recent erosion in investor confidence and the ineffectiveness of turkey's monetary policy due to political interference. world cup fans are already adding a party atmosphere to the streets of russian host cities. for many it's the trip of a lifetime and they fork out enormous sums of money just to be here but for some costs are likely to blow out the russian government regulates hotel prices but that doesn't mean they have to let their rooms go cheap. was this one using its
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experience of such elan pick games russia was able to regulate the prices for hotels in each region the price depends on how many stars the hotel has. many hotels like the three star slav younker hotel in moscow will take advantage of the price regulations despite the authorities saying they've already find more than five hundred hotels for overinflating prices moscow's five star hotels are charging up to eight thousand five hundred u.s. dollars a night that's more than the average annual salary in russia. many fans will have booked train tickets in advance but train journeys between venues can last up to forty two hours for some flying might be the only option according to research by the b.c. group a leading russian business media outlet flight ticket prices have gone up over two hundred percent to some world cup distant nations.
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as we've heard the world cup is set of kick off and russia later today but soccer's governing body fifa has had a hard time finding sponsors the global market research firm nielsen's this ship revenue has fallen from over one point six billion dollars for the last tournament in brazil to just one point four five billion for this year's championship after the corruption scandal at fifa in may of twenty fifteen officials last many long term backers johnson and johnson and continental ended their business relationships with the organization but a new crop of sponsors including several from china are picking up the slack china's largest commercial real estate company that won the group is now one of fifty seven official potus to china is keen to host the world cup at the next possible opportunity. and this is a replica of
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a classic german team jersey from when they won the world cup back in nineteen fifty four glory days since then official team has become a massive business four years ago in brazil added us sold more than three million german national team jerseys and they don't come cheap where does the money go let's have a look a german team jersey costs just under ninety euro's and let's break this down first the german government takes its share in the form of value added tax after that the biggest cut goes to the retailer earning nearly twice as much as brand added us just five euros and fifty cents goes to the journal football association some of which is hopefully passed on to sponsor football programs and schools and at the amateur level only eight euros and sixty cents and up in the manufacturer's pockets that's less than ten percent of what you pay for it in the shop but money is not only being made with merchandise a football stadium is a complex operation and russia's operators rely heavily on german technology to
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make sure the world cup runs smoothly this could account for a rather staggering fifteen percent rise in exports to russia from germany this year. these blades for up to twenty centimeters deep into the football pitch allowing air and water to penetrate more easily possible to get companies that look health fast they move these older blades are worn down so they're about half the length of new ones. this machine is being used on football fields where the teams are training. the early by yeah although they're being serviced in moscow these machines are built by beaten mon a german company they're being used in seven of russia's eleven world cup stadiums . the tournament itself will cost nearly eleven billion euros making it the most expensive tournaments in a world cup history from stadium construction to technical installations and lawns
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german companies are profiting from these investments. the german national team is coming to russia as defending champs the german economy also has a title to defend we are still the leading foreign economic presence here with five thousand companies and that number includes re how much has installed pipes under the pitches and almost every world cup stadium in russia. has lots of experience playing turf heaters drains and runoff systems and stadium sink looting in europe in munich and it doesn't offer equally important as our service without which it would be impossible to provide for the russian market. onsite service gives german firm bosch an important competitive advantage it operates a facility on the edge of moscow its security climate and heating technology is integrated in all of russia's world cup stadiums most of its machinery is imported
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. everyone here trusts technology from germany and german engineering. but it's put together here in russia according to standards than. apply here in russia german exports to russian twenty seventeen rose by twenty percent thanks to the world cup this year could see another fifteen percent increase. bidding wars going on between two u.s. media heavyweights for most of the assets of twenty first century fox disney was widely tipped to take over its smaller rival with a bit of over fifty two billion dollars but now comcast has offered twenty percent mall is willing to pay sixty five billion dollars fox's board must now decide which company to choose if the board decides to accept com casa vases disney will have five business days to respond despite the larger offer analysts believe fox's
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biggest shareholder the moto family will reject the comcast bid for tax reasons. jet engine maker rolls royce is cutting four thousand six hundred jobs as fond of a restructuring program most of the losses will be in the united kingdom the british company is facing problems with reports of faults in its engines grounding flights well as well as employees fifty five thousand people around the world nearly half of whom are based in the u.k. the cuts are part of a three year plan to simplify the business and save around four hundred fifty million euros a day a year. european union wants renewables like solar wind power to account for almost a third of the blocks energy production by twenty thirty the goal is fond of the e.u.'s efforts to meet its commitment to the paris climate agreement other measures
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include phasing out the use of palm oil and removing barriers faced by small producers of renewable energy signatories to the areas deal have pledged to take action to try and fight back against a rise in global temperatures. and that's it for me and the business team here and then my colleague copy i gave us with an update for you in the next hour of course the latest on the e.c.b. is monitor of policy meetings see whether interest rates remain unchanged before we go here's a check on global markets thanks for watching. i'm
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. going to. have. more. turkey is gearing up for another election. half the voters are under the age of thirty eight. they are the ones who will decide the country's political future. generations has come of age under president recha type and a lot. but how many young adults really believe the president's monkey see. next. enjoyment the conflict zone with jim
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sebastian. afghanistan is fighting on many different fronts least days not just with the militants closer against human rights abuses and massive corruption my guest this week here in london is abdullah abdullah he's country's chief exam. why is there so much disunity in what is supposed to be a unity government complex. in sixty minutes with the total. board goal or. clash of cultures in india. a clash between those who believe in arranged marriage and those who want to marry for love.
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the clash that's taking families and society to the core. my father will be angry sometimes i think i'm always going to. come and old school starts joining. me. hello and welcome to focus on europe i'm michelle henery good to have you with us turkey's citizens head to the polls to determine the fate of their country's future for months now many have said that the reelection of president great ship tayyip erdogan is a foregone conclusion and no matter who wins the vote brings in major cause a two tional change one that.

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