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tv   Business - News  Deutsche Welle  June 20, 2018 5:02am-5:16am CEST

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u.s. president all trying to frighten even more tariffs on china rolled stock markets jittery as washington astley a tit for tat trade row. the affordable office giving these old shipping legend a new lease on life recycling them to keep the space. mr to one german intrapreneur started getting ready to leave turkey and blame a declining economy although the current president. come to a business news update i'm funny for char in berlin china accuses u.s. president. and again retaliate for the latest set of tariffs threatened by washington china stretch of the ational the food strong of us starts trump is now talking to an additional two hundred billion dollars worth of chinese imports for
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the temper sent. 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 top spot could soon become apparent in their grocery bills these aren't just imported from the us are among hundreds of goods beijing has bagged attacks in response to a fresh set of terrorist threats from washington. the 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. we found out more you drop by in china does not want to 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
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defend globalization and the multilateral trading regime. that defiance stance has also been reflected in the attitudes of some presidents in hong kong. i don't think can win this trade war china's china has a really big economy they have other people of a trade with all the u.s. might be one of the. largest countries that they do trade with most of their exports may go there but all. that 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 over tyrants threatens to explode into a full blown trade war. let's get more on this and let's bring in the quarter our man on wall street while coming as we just heard i mean china and the u.s.
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are big trading partners so what are the risk. of this move or potential move by donald trump and constant tariffs. the past year the u.s. imported goods from china in the amount of five hundred billion dollars and china imported u.s. goods in the amount of one hundred thirty billion dollars so if you look at those numbers the possibilities of china at first glance seem to be limited if you look at tariffs but having that said china did mention that they also could take quality of steps or not just quantitative steps what they mean is that is that for example they could start a boy called for u.s. products that could disrupt the supply chains for example for the high tech industries and that could turn out to have unintended consequences for u.s. corporations and also for the u.s. economy talking about the consequences to dell plummeted for the sixth consecutive
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day already what are the sentiments on the ground what are you hearing. so far representatives from the ministration call it a trade dispute would not trade war and there is still hope on wall street that all those wearable threats are actually part of the negotiation strategy and that at the end we will not see those terrorists being implemented to but they're guessing at this time if the disputed shows escalate we could see the car industry the agricultural industry and many other parts of the u.s. economy being hit a little follow this story and see how we ask later and yes call to thank you so much. all right here have finally continent greenland's after many months of polite but firm disagreement germany's chancellor and her french counterpart have laid out their plans to change the way the eurozone works first
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what's clear is to have decided to push for the. creation of a single eurozone budget helping to bring the economies across the block into a line that will be in place by twenty twenty one if all goes to plan they also want to start of funds to give loans to troubled countries in the event of another economic crisis ultimately protecting the euro called the european monetary fund but what we don't know is whole of the new budget the finance bill the other e.u. members agreed this path or citizens for that matter the plans could be seen as rich countries subsidizing the mistakes of the poor french president in manon of course saying an agreement is essential for the euro stability let's listen in. the creation of a euro zone budget is part of important reforms we've been working on together for a long time and it's a political commitment from both sides. for something different
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for all blown trade war does break out and we are left with all these containers i know some people have come up with a great way of creating affordable housing and office space which is environmentally friendly on top of that the w.c. america reports from kenya. this may look like a typical construction sites but there's more here than meets the eye these are old form a shipping containers a company called containers kenya restores and sells them some head and sold directly others a modified and converted into apartments offices all small stalls their best selling product right now. remains the biggest. ones that are the ones that are not public because they may be growing some koreans once again. but there was
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a really huge shops. in terms of what every new part by you in kenya old containers are often discarded and left to rust so to prevent that container kenya buys them directly from shipping companies and really utilizes them that way nothing is wasted the company was founded in two thousand and ten and employs one hundred people but the interior designer grace ateneo is working on an office design for the managing director of a company. the unit will cost about seventy two hundred euros that's about a quarter of what it would cost to produce the same sized building in stone. what i'm really seeing is open space and i need an office and constructing an office to expensive. in terms of cost efficiency and also outlook. but is for because of the particularly well for what i want to. contain is here we used only for food stuffs
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all similarly nontoxic goods the initial stage of a conversion is the most challenging cutting through the thick metal to create doors and windows once that's done the rest of the process is relatively quick in a couple of weeks the workers have created habitable rooms complete with insulation electricity and interior walls ready to paint. these great. need from there you don't realize you're getting a lot of additional miranda for example. you've done that and then you're saving the future of the business is picking a good business. to our region. in nairobi there are many converted taking is already in use these environmentally friendly structures and now a part of every day life. after sixteen years in a job turkish president. again seeking reelection this week and many see him as the
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man who put big color me on the global map but times have changed the turkish lira has been tumbling for months foreign investment is declining the uncertainty is also prompting german businesses to pack their backs like this one. 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 you know sells mostly to hotels 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. life here has changed. he just is free and open or as relaxed as it used to be.
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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 . a little some assaults the politicians are trying to make people believe that the poor exchange rate with the dollar well the fact investors are avoiding the country has to do with high interest rates which it doesn't and tacky everything is connected the justice system education security sense and it's all tied to the economy economy down bombs you know the economy.
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the country his company will keep going under the management of a turkish business partner. that's it from me on the business team here olympic you so much for watching.
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mimi. policy changes of displaced and desperation the tragic stories of refugees some are. seeing is the first step to understanding. the world refugee day. sadly facing the most highly contests and election the in many get them to make amends president regine tired out on her own power comes to meet women unseat him and alter the course of the country from the name of she and her national profile we'll tell you what you need to know from reports on live coverage from his stumble and anger on this week's on the dollar union's.
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crimes against humanity. civilians become witnesses. is travel around the globe just social media. but what is propaganda fiction what is fact to tell investigators comb through the flood of images they combine sources trying to reconstruct what happened and substantiate claims of crimes thanks to this video recording of the soldier who shot the young man is on trial now for forensics between bits and parts. i think getting. to be chance because justice is about the truth. truth detectives starts june thirtieth on t.w. .

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