tv Business - News Deutsche Welle June 19, 2018 7:15pm-7:31pm CEST
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egypt's not so secret weapon most solid star struck mr bush is so close to a mouse defeat the question still remains whether he'll take part in against russia on keep the sides of world cup hopes alive is solid does play russia is less some solid defense which is badly tested with me flush saudi arabia five mil well i have to avoid any slip ups if they want to keep the home on top of. our. business update in just a. gentleman with me any time any place. using names.
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he had at the back of the. songs to sing along to download he has to come from super. to be. very costly into active exercises in about ninety devaney don't come. on facebook in the uk still. jammin for free when w. u s president has even more tariffs on china world stock markets just as washington as collates a tit for tat trade with beijing. and with. behind basel the diesel gauge the comic appoints a new man to clean up the mess. brahms short is interim c.e.o.
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. also on the show by obama said a one german entrepreneurs are getting ready to leave turkey and blame a declining economy under the current president. but this is the business model for this global stock indexes are falling as investors warry once again about the threat of a u.s. china trade war germany's dax is among the european losers down one point six percent similar story in the u.s. the dow stumbled by a similar amount in tuesday's session its six day of losses in a row the biggest dip was in shanghai the benchmark there dropping three point eight percent big exporters in industrials and tech are bearing the brunt of the negative price action. meanwhile the two opposing parties are stoking the fire china accuses u.s. president donald trump of blackmail and says it will again retaliate for the latest
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set of terrorist threatened by washington country china's retaliation of the first round of u.s. tariffs trump is now targeting an additional two hundred billion dollars worth of chinese imports with a ten percent levy that brings the total amount of tariffs trump a second slap on chinese imports up to four hundred fifty billion u.s. dollars. shoppers in china might not be interested in every twist and turn of the trade dispute between their country and the united states but the tit for tat spot could soon become apparent in their grocery bills these aren't jets imported from the u.s. are among hundreds of goods beijing has backed attacks in response to a fresh set of terrorist threats from washington. to move makes good on china's pledge to retaliate up to the united states imposed an initial set of tariffs on fifty billion dollars worth of chinese goods. but if you needed further proof that china is no longer adopting a conciliatory tone in response to donald trump take a listen to this. one more you drop there in china does not want to
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fight a trade war but it's not scared of one. you will continue to take effective steps to resolutely defend the country's interests of the people and to defend globalization and the multilateral trading regime. that defiance stance has also been reflected in the attitudes of some residents in hong kong. i don't think can win this trade war china's china has a really big economy they have other people who they trade with although u.s. might be one of the. largest countries that they do trade with and most of their exports may go there but. the u.s. is also going to suffer from this maybe just as much or even more than china is suffering on both sides that is appears to be the most likely outcome as the battle
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over tyrants threatens to explode into a full blown trade war. and fears about the effects tariff spats are weighing on the german economy economy as well the new research group has downgraded its growth. as for this year from two point six to one point eight percent it follows similar readjustments by other bodies including the german government other sources of concern include a shortage of skilled workers here and italy's debt crisis my colleague monica jones asked for president clinton's food how the german economy is handling all these challenges. the german economy is relatively solid this is mostly because the domestic economy is steady wages are growing employment is growing so consumption is strong and the construction sector is expanding so the do it domestic economies supporting growth but the export sector is at risk here. after yesterday's shock
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arrest of its c.e.o. start la germany a german luxury carmaker audi has announced a temporary replacement but i'm sure it will take over while startling remains in custody under investigation for fraud shorter's a member of his board of directors ways as head of marketing and sales shakeup started when prosecutors arrested startler concerned he was attempting to influence witnesses in the criminal investigation into the diesel emissions scandal star had been employed by v.w. since the early one nine hundred ninety s. and took the steering wheel of audi eleven years ago now let's bring in ali bartz in the frame for our financial correspondent there only about audi is brum short now now right. he was perhaps the only man in the only board at the moment to seem suitable for the job to the people at the very top in the supervisory board especially in the trade unions in lower saxony in the
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family's porsche ph and read a description of him he seems an empathetic man that as a people person listening to people and at the same time self-confident but not seeking the limelight those aren't the worst kind of qualities for a c.e.o. some would say unusual qualities of listening and not seeking the limelight but we'll see how it turns out he will probably be in that role until it's the cited that rupert stop there is out or he returns see after perhaps the judiciary decides that he has one thing going for m m m shot he's only been without he since last september so any wrongdoing i would do that goes back years he would have nothing to do with that from out of the clear conscience it seems that the investigations into the legal issues is making progress does not mean the whole diesel gates saga is nearing its resident resolution and that the v.w.
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board can can take a breather. i don't think either is the case the board can take a breather because it must fear further evidence for the resolution because of course incriminating evidence could become even more costly for the company in suing further court cases and of course the fact that the resolution is near depends on what rupert stadler says if the board of the family treats him well and . you know has his continuing pay and everything then he has no motive to incriminate people all by himself unless that you disagree really force essential only balance a fine thank you very much for this isn't. germany and france have agreed to establish. common euro zone budget by the year twenty twenty one m. is to boost investment in the block but important details still need to be hammered out like how big it will be and whether it is to be financed by an e.u.
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white tax french president amount of oil mark on has called for a range of reforms aimed at deepening european integration but other eurozone member states including germany are still skeptical about some of his ideas. office sixteen years in the job turkish president. is seeking reelection this weekend many see him as the man who puts the turkish economy on the global map boss times change the turkish lira has been tumbling for months foreign investment is declining the uncertainty is also prompting german businesses now to pack their bags. fresh fruit and vegetables are the bedrock of maurits fall vines business four years ago the german entrepreneur started a small company in istanbul he made juice that he sold from a small shop but a year ago he had to close that shop down and many of his customers were foreigners who had left the country after the attempted coup he now sells mostly to hotels
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this is this is carrot apples and pepper. he and his american partner built a business up together but now they are looking to leave turkey there's more driving their decision than a longing for home often as i have often the life here has changed. this is it isn't as free and open or as relaxed as it used to be. i think the main reason is that so many people are under pressure because of the economic situation. the turkish economy has kept growing since the coup thanks largely to government spending but the turkish currency the lira is under severe strain that means imports have become more expensive the weak currency is also fueling inflation increasing numbers of people are experiencing financial hardship add to that the political situation and many foreign investors are feeling spooked
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. a little sun this also the politicians are trying to make people believe that the poor exchange rate with the dollar well the fact investors are avoiding the country gee with high interest rates which it doesn't in taki everything is connected to justice system. education security. it's all tied to the economy economy down mom says you know the economy. when barbara and leaves the country his company will keep going under the management of a turkish business partner his investment was made in u.s. dollars and with the current exchange rate it wouldn't make sense to sell the company for now he will continue to monitor the developing situation in turkey from outside. i'm going to australia where a court has fined apple nine million australian dollars for making false claims about consumer rights several hundred customers sued the american tech giant after apple refused to repair their i phones apple claimed the customers had had death
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phones repat by third party services violating the warranty but the court ruled apple cannot force customers to use its repass. mosque has warned staff that a former colleague attempted to sabotage the company in an e-mail he said the unnamed employee had conducted extensive damage and sabotage reprogramming tesla's manufacturing facilities and leaking trade secrets is just the latest in a line of problems dogging the emo billeted pioneer tends to expand production of its new more mobile three he said that. and that's it for me on the business team here in berlin for the shot we'll have an update for you in the next hour thank you very much for watching. the truck.
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. dirty face and that's not entirely contents of election and many good things it's a man's president read i'm tired out on grip on power comes and even unseated and alter the course of the country i play the p.m.'s national will tell you what you need to know the reports on live coverage from istanbul and ankara this week on the w. indows. welcome to global three thousand this week we look at the challenges facing german women married to islamic states terrorists in syria in south africa bees are helping to save elephants lives and protect local forests and we discover what london's cab
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