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tv   Business - News  Deutsche Welle  June 14, 2018 7:15pm-7:31pm CEST

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from a mate in the pier in sierra she talked to first responders who didn't even take the time to talk to survivors and many many people were still looking for their loved ones who they did not know who are still unaccounted for so many people were still felt they were forgotten they felt they were not taken seriously and now one year later many people are still in temporary housing still living in hotels for example and many are suffering from p.t.s.d. or other mental health and physical health conditions basically. thank you so much for watching. clash of cultures in india. a clash between those who believe in arranged
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marriage and those who want to marry for love in. a clash that's shaking families and society to the cool. my father will be angry that sometimes i think i'm already dead to. the love commandos starts july again on d. w. . a. transatlantic trade tensions now set to ratchet up as all twenty eight e.u. countries voted unanimously to impose retaliatory tariffs on selective u.s. imports. the e.c.b. says it is to end its thirty billion euros a month bond purchasing program by the end of this year and leave interest rates
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unchanged probably through the summer twenty nineteen. also on the program female entrepreneurs in germany employ half a million people with eighty five billion euro sales a reporter joint some of them in hamburg as they look to goose their international profile. to your business update the e.u. is hitting back at u.s. imports european union countries have unanimously back to plan to impose import duties on two point eight billion euros worth of u.s. products the move is in response to u.s. tariffs on e.u. steel and aluminum the measure still need to be adopted by the european commission schedule to meet in a week's time the tariffs would come into force by late june or early july. no w.'s brussels responded baba because it has been covering the story for us but it's good to see you at the heart of the e.u. there in brussels now let's perhaps explain this to our viewers because on the one
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hand we are hearing about these tariffs on the other hand we heard at least before that the e.u. was willing to sit down and negotiate trade with the u.s. or what's the current status status is unchanged since june one when trump actually started hitting your the europeans was these terrorists on steel and aluminum the european union set up to the very last minute we're ready to talk about anything we're ready to talk about taking away all terrorists in in trade between europe and the u.s. we know there are varying levels for instance and we are talking ready to talk about a reform of the w t l whatever you want however we will not negotiate with a gun to our heads we do not want to be blackmailed and that's the status we have so the game is going on the european union dow has formally sort of gone into the next round has formally kicked off the counter measures and we know what they are
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the list has been on the table since march it's whiskey it's motorcycles it's peanut butter it's jeans it's a mixed bag that supposed to add up to two point eight billion euros worth of countermeasures to sort of tilt we we're not playing ball with you in this type of a game according to your rules we do it according to international to w t o rules but we do know however that the e.u. is against tariffs in general they don't really want to do this do you expect more tit for tat tariffs in case this doesn't really get anywhere to a solution. that's the danger in the situation of course because what we're seeing is that the second level of escalation now we might as well go into the third level of escalation trump has already threatened he has already threatened germany who is putting special terrorists up against german cars and then the fed will really be
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in the fire because germany will then be have to rely on the will then have to rely on the sort of responsibility and the unity of the european union help from its european neighboring countries and so then unity in europe will really come to be tested and we'll see what happens next but it will be a full out trade war that seems to be inevitable in any case thank you very much bob a visa for the analysis from brussels and we'll stay in the rippin union because the european central bank says it is leaving its key eurozone lending rate unchanged at a historic low of zero percent at least through next summer but it will half its massive bond buying program from october and ended altogether in december this year after the financial crisis let's not forget the e.c.b. have started to buy eurozone members government bonds to the tune of thirty billion euros per month to stimulate growth since twenty fifteen month after month the
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e.c.b. has spent a total of two point four trillion euros on the program with the bond purchases that eusebius balance sheet as no swollen to over eleven trillion euros that's about forty percent of economic output for the entire euro zone. earlier i talked to our financial correspondent john l. duma loughnane frankfurt with the era of cheap money coming to a close in the eurozone i asked her how it's going down in the markets. well the markets are actually reacting pretty positively although it has to be said that the end of crisis era stimulus was something that was expected now european stocks went up on the reason on this news it appears that the markets quite liked this middle ground between an aggressive and accommodating stance that the e.c.b. has fallen by saying for example it will wrap up bond buying by the end of the year while signaling interest rates will stay at a historic low for probably longer than projected now the e.c.v. already also indicated that the door was open to future intervention as it said in
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the wording of the. it was and dissipated that the tapering would have been after september and. moves would be subject to incoming data incoming data of course that could be affected by any of the challenge and stays in the euro zone today like italy's spending plans or the threat of a threat of a trade war but that caution embedded in this statement was something that was noted by currency markets as well the euro went into a slump in relation to the dollar after the policy statement was released. do you know if the euro zone's economy is actually ready to go on without the stimuli despite the fact that this was a dissipated. you know druggy actually cut the forecast of the eurozone for this here from two point four percent to two point one percent but left the forecasts for twenty nine thousand and twenty twenty unchanged he said
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underlying growth was good but again he also said that asset purchases remain an e.c.v. in the e.c.b. as arsenal if the euro zone that faces a situation where it needs more stimulus than it will have the. general do allow another frankfurt stock exchange thank you very much. germany's parliament the bundestag has voted to allow class action lawsuits to be brought against big corporations the historic vote is a direct result of the v.w. emissions cheating scandal and it's seen as a win for consumers the new law gives consumers the option of seeking damages without having to go it alone against major corporations something not previously allowed here complaints will be led in the courts by consumer protection associations class action lawsuits are common practice in the united states where the german car making giant has been forced to pay out billions of dollars in compensation to dupe customers. and the airplane engine maker rolls royce is cutting four thousand six hundred jobs as part of
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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 rolls royce employs about fifty five thousand people around the world in which 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 year. germany's association of women entrepreneurs or v.d.u. has been supporting female bosses and women in the business world for more than sixty years the group promotes female entrepreneurship and lobbies for better conditions for business women at the moment the v.d.u. represents about one thousand eight hundred mainly medium sized companies led by women in areas such as manufacturing and crafts trade and in the service sector together with their companies these women generate eighty five billion euros in sales and employ a lot of people about five hundred thousand video association members are in
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hamburg for their annual get together on the agenda expanding international opportunities and strengthening networks to raise the profile of female lead business w.'s business correspondent chiodos went to hamburg to cover the event which presents many different ideas to empower female lead businesses earlier i asked what the conference is focusing on. yes as you said the problems are many fold but what they're actually focusing on right now is supplier diversity that actually just means getting big buyers to buy at female owned businesses so for example if you are a hotel chain or restaurant chain that means buying more from female and wineries or female and bakeries the problem is that women are very under represented in this field and that's why it's important to push and empower and get bigger buyers to buy it smaller women and businesses that's
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a very good idea as it sounds to just empower the business led by women but it's probably easier said than done how widely spread is this concept of supply chain diversity. well it depends the way you look at in the world in the u.s. it's quite widespread actually the entire concept is quite far developed big multinational companies big names are participating in it and it's also a big deal for this c.s.r. but in germany not so much usually here the big buyers concentrate on the prices and not really does the diversity of their suppliers so that's why they're doing this and they're putting the spotlight on the topic here in germany now let's talk about concrete measures we know that they want to put businesses led by women forefront but how have you heard any concrete ideas on how to achieve this. yes there is one partner also of the association here which is called we connect
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international and there are a huge platform and networking platform and they basically connect local business owners all around the world actually with global multinational companies big names such as i.b.m. apple killed and so if there's a small business for example in mexico that would like to supply bigger multinationals they provide that connection so there's a very concrete platform there and they have been active all around the world. thank you very much the insight from hamburg yes our women businesses. that's all for business and for me for now i'll leave you in the very capable hands of helen humphrey and the upcoming visit shows to stay with us. from. detroit.
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a. touch. more intrigue international talk show for journalists discuss the topic of the week showing that historic summit in singapore u.s. president donald trump a north korean dictator kim jong il the promise of a complete denuclearization of the korean peninsula bots can they deliver my guests
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have to say one point three coming up shortly. next. great yourself with interior design channel on. they make a commitment. they find solutions. they conspire. africa . stories about people making a difference shaping their nation. and their continent africa on the move the stories about motivational change makers taking their destinies into their own hands t.w. is a new multimedia series from. d.w.
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dot com africa. who do you think is going to be trivia. all the matches all the scores. two thousand eight hundred soccer world cup on t.w. news. alone a very well welcome indeed to quadriga where we're looking at the fallout from the nuclear summit in singapore between u.s. president donald trump and north korean leader kim jong un now at the meeting there were historic handshake followed by the signing of what was described as a comprehensive documents in which trump and kim promised to work towards the
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completes denuclearize ation of the korean peninsula the question is though will these two.

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