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tv   Business - News  Deutsche Welle  June 22, 2018 1:02am-1:16am CEST

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american terrorists are steering up the delicately balanced world order various sectors are affected countries are scrambling to fight to find the right position to say. intel see your bright. started a company started learned he had a relationship with an intel and. a study by the international charity oxfam shows the biggest retailer the biggest cat out of partners. i don't know what come to your business. funny but sure in berlin very nice to have you with us american tariffs are searing up the delicate balance world order countries are scrambling to find the right position to take given to us demands or
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punish america with counter tariffs though many are opting for the second choice today was all about anti-terrorist activity. leading the charge against trump's tariffs the e.u. blocks trade commission. on a visit to new zealand but it wasn't a holiday from tariff talk making clear the e.u. was not budging from its threat of countermeasures on american products the use tariffs come into effect on friday despite trade fears. it could escalate. to a full trade war which would be bad for the whole world because we are so new zealanders and we are so into linked in the global economies also in the chinese and in the u.s. and with the global value chains so it will affect us as well it will affect our companies it will affect our consumers come what may turkey is also striking back from the government is imposing tariffs on twenty different u.s. products. in from cold paper tobacco to cars and manufacturing goods hitting two
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hundred thirty million viewers of products turkey's economy minister saying those should balance out the costs of the trumpet ministrations talents. also on thursday india slap counter tariffs on from chemicals steel and other products the import duty on chick peas is being raised to sixty percent and on walnuts to over one hundred percent. growth and those are just the latest in a series of moves by america's old allies to push back against trump's measures trade partners a rousing themselves with an airline like this who needs enemies. and first reports are coming through from the frontlines of the tariff war germany's dollar is feeling the pinch both from their escalating trade conflict between the u.s. and china and the entirely whole made admissions scandal luxury automaker has issued
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a profit warning saying costs from chinese duty so cars for use in the u.s. would take a bite out of their bottom line and they're also asked to recall some eight hundred thousand diesel vehicles of course you're up to your mission's cheating it predicts earnings before taxes that interest will be below last year's level we asked our frankfurt correspondent bars how worrying this news. now that's a new chapter to worry about in this saga and the investors put pressure on the done their share because of those worries about the future a drop over four percent took other cursors like b.m.w. and volkswagen down with it and one analyst saying you know when you hear a profit warning in a situation like this it's usually not the last one so you know people don't know is this the end of story especially as there's you mentioned the diesel scandal as
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well it's unclear how hard the tab for that will be in the end for a dime lower but it sure puts pressure on the c.e.o. david such as he was under pressure before because of poor performance and the diesel scandal now with a profit warning not good for a c.e.o. . or to bars or to frankfurt stock exchange and talking about c.e.o. all bombshell announcement shaking up is shaking up silicon valley intel a c.e.o. brian exxon each is out he resigned unexpectedly off that a company said it learned that he had a consensual past relationship with an intel employee now that violated the company's non fraternization policy this applies to all managers because on its joint in telling one hundred eighty two as an engineer chief financial officer robert swan will now take over for the time being and the company will launch an extensive search for a permanent replacement let's get more on this from our financial correspondent to
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new york and squat to the u.s. has its very own policy when it comes to a relationship that's work is corporate policy all about war also or what is driving decisions like this one. well there's a bit more behind than just moral issues there is a pretty clear policy at a lot of u.s. corporations that managers are not supposed to have relationships with employees who report directly or indirectly to them so obviously companies want to avoid that decisions might be influenced or old sold that some of the managers take a vantage of their positions and we've seen it in the pocketbook couple of years and those are the past years again and again that we had some high ranking as c o's from companies like boeing packard or priceline who had to leave their positions
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because of relationships with employees what does this resignation mean for intel what's the consequence it's not a pleasant day for signage and it's not a pleasant day for intel either he actually had done a pretty good job in the past couple of years transforming intel away from the p.c. business more to see me conductors for smartphones for video games and other areas and he did start with the firm in one thousand nine hundred eighty two and he became c.e.o. five years ago so the stock of intel lost a good two percent here in the thursday session and was that intel was the second biggest loser in the dow jones industrial average there is talk that actually they have a pretty strong line of possible people filling in the position but well as i said to him he did a pretty good job in the past couple of years and that's why investors at least for now showed
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a negative reaction to new york for us thank you so much. inequality is rampant around the world especially in the food sector a study by the international charity oxfam shows the biggest retailers squeeze the biggest buck they can ato farmers the supermarkets control the demand and prices in this supply chain they decide how much they pay for goods produced by small scale farmers as a result millions of them are living well below the poverty line brazilian orange farmers only half the country's living wage kenyan green the farmers don't fare well either and female farmers are worst hit than men it's evident in the sectors they work in again only half of the living wage man so what's better here's more. when it comes to german supermarkets as with other global supermarkets we find that
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suffering human suffering as a secret ingredient often in the food that we buy in the supermarkets the poverty wages we have just seen so people are unable to feed their family or to go and pay a doctor despite long and hard working hours we've also found extreme physical violence against women on plantations and tough africa producing wine for german supermarkets or the oppression of trade unionists in ecuador producing bananas we look now with this study to see are these super markets doing enough again six you cannot make expectation and human rights violations in their supply chain and it seems like germany didn't really score on a score well on that point germany supermarkets scored really bad who is to blame the supermarket or the customer actually the once cheap. food. the customer often doesn't know what he or she is buying because supermarkets are so in
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transparent when we go to the supermarket and look at the produce available to us i mean let's be honest we can't see how it has been produced and so by markets are not forthcoming with it they scored particularly badly in our scoring also because they are so in transparent leaving the consumer in this in the dark ok so what can i do then as a customer to improve the situation in the producing countries. then. there are no immediate and easy steps for the most important thing is to signal supermarket that you care how the food is produced so to take some concrete actions a person can do both as a consumer but also as a citizen firstly go to your local store and ask the store manager where does the food come from where the nice plentiful coming from and how do you ensure that it's a produce in a fair and humane way. secondly look for a trustworthy set of occasion labels not all that good but fair trade for example the office an opportunity to be sure that this product is produced fair and most
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importantly attending a sickness a super market that as a consumer and a citizen you refuse to accept that human suffering is an ingredient in the food you buy from them to take some time first of all and get more information about the product you're going to buy barbara senlis one heart of oxfam thank you so much for your analysts. and that's it drop today for the latest from the world of business for more you can always check us out online on twitter for example d w underscore business you will find me there spell my twitter handle is on a char thank you so much for watching see you tomorrow.
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certainly paid and it's not entirely contests of elections and many to make amends president regine tired out on her own cause possibly even unseat him and alter the course of the country to play the p.m.'s national we'll tell you what you need to know the live coverage from his stumble and anger on this week among the ws. the stumbling types aren't i as came from jurors or a student with a name that i killed many civilians i mean the irish coming coming my father was so sad and i was a student because i wanted to build a life for myself. but suddenly life became relish took on
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a sob. providing insights global news that matters d. w. made for mines. last week how do you think it's going to be world champion. all the matches all the scores. the two thousand eight hundred soccer world cup on t.w. news. coming. out .

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