tv Business - News Deutsche Welle June 25, 2018 7:15pm-7:31pm CEST
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on the back of the clock the. songs to sing along to come down loans to those to come by the t.v. from super flimsy to be able to monetize. aberrant causes for the entire tape exercise is the kind of thing about that deep down you don't come slashdot actually and i'm on facebook in the uk still. learn german for free but the devaney . at. the boom is over experts see europe's economic engine cooling off trade tensions abroad and political uncertainty at home dock in the sentiment in germany . what will this mean for the euro zone's common currency my guest today economist from oxford reckons a collapse is just a. quarter. and
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a billion dollar reason to get women behind the wheel or is it about giving saudis more freedom. the boom is over the message today from one of germany's most respected economic institutes i've been for will and that's the business the research group says business confidence as this month to its lowest level in over a year that applies to all four sectors that measures construction services manufacturing and trade with the world edging towards a full blown trade war the german export champion may not be able to take this one in its stride. the retail sector has been a pillar of the german economy in recent years. but retailers themselves now have a pessimistic outlook system unit based evo economic institute. that's also due to new challenges for germany both at home and abroad. chancellor angela merkel is dealing with a political crisis her very own coalition partners the c.s.u.
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have taken a tougher stance against immigration. that could bring down the government and force new elections something that wouldn't bode well with investors. that the dispute between the u.s. and its major trade partners washington has threatened even more tariffs in retaliation to the e.u. use new levies on american products experts say germany would be the big loser. any new tarps on its automotive industry would hit more than other e.u. countries. and the big fall in business sentiment has hit the dax that is our financial correspondent in frankfurt daniel has germany's main stock index finished the day i see it's gone down down and down and looks like it's going into your ear. and down yes so the good old doctor was not in the mood today it has been a really bad day the trading day had finished with big losses
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a minus of two point four six per cent so we have lost more than three hundred points in just a single day and close with only twelve thousand two hundred seventy points some are fearing that we could even be under the twelve thousand point mark soon the biggest losers today infinium down with almost six percent times also with more than five percent but also the possibility of u.s. auto tears car makers stocks tumbling once again at the end of the trading day every of the thirty list the chair in the docs was in the red and let me tell you investors fear that this trend could continue in the next days do they really think that because most economists say don't fret no recession in sight. well they're fearing that the. dax and the stocks still could down they don't see a recession to happen but they are monitoring all of this with a great concern i talked earlier to an asset manager here at the stock market he told me that his very wealthy clients are already very concerned in these days lots
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of factors also weighing in also the situation the german government more political chaos for anglo-american and of course donald trump he is really for so many completely unpredictable even though c. n.b.c. reported today that for the first time the majority of americans approve trump's handling of the economy all of this is seen here completely different when you go person for the thank you. and let's bring in mark fried today she author of the crash is the solution why the ultimate collapse is coming and how you can protect your wealth moch are all these signs that a crash is around the corner to this trade war the sentiment here in germany right now the political situation as well we aren't in term of states definitely and we see it economical s. political that we see apparently can shift it everything changes and that you see for example is printing every day one billion euros to buy government bonds from bankrupt countries like italy increase we have historically low interest rates all
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to us on the signs that are going to come in the state of the european currency union and it will get to the e.c.b. in a moment first of all everyone else i've talked to today everything else i've read today has been about a cooling down of the economy not a downturn not a recession and there are some people who are saying a recession could be coming in the u.s. but what about the e.u. first of all why do you think this could be a recession i definitely see a recession on the horizon it's over we have nine years of a bullish market in the stock market for example and in the economies where prospering especially in chimney but only in chimney if you look to the southern part of europe they did not prosper and this is a big problem of to european currency union you know we. have winners of the strong euro but they are the losers and we see that this is going to end badly and then when the u.s. comes into the equation i mean if we see a recession there everyone knows when america coughs europe gets
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a cold very very cold perhaps even more burst but i think but we will see a recession the next six to eighteen months that's for sure i'm just tell me how you're so certain about the timing because i mean everyone who knows a little bit bit about economics and business knows what goes up has to come down at some stage we know that we're going to have a crash at some stage but why eighteen months because if you see all of the economic debate us each us see that we are out of. the for everything you know the last nine years where extraordinary if you look back in history we never had such a long term of prosperity markets and it's just because the. central banks printed money and put the interest rates very very low and just created one bubble after the next one and now we're at a terminal states that's why i expected twenty twenty will see definitely a recession and a big market crash let's talk about the e.c.b. then what should the european central banks role be why is it going so wrong in
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europe if you know right now they printed two point four billion trillion a euro to the public which is program to safe the european union and to repeal currency and the southern part of europe and this is not going to last because you can't create you can't you can't say if. the economies in the southern part of a few are up and you can print your self out of the crisis you can save them what what should we do what we definitely have to cut that you know we have to give greece and italy we have to give them. to tell them ok maybe cut the debts you know at the most you don't have to exactly exactly they didn't have a paid back we're not paying it back in in prosperous times you know right now we pay low interest rates but even in this boom times germany is not paying it back one single cent of debts you reckon with never going to get that money back from the stimulus never see it again and attack it to solve. dad one billion euro the
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european and the chairman bundesbank and lend one billion euro to something parts of europe will never see this money again and this is on top of the government debts and shell money so we definitely determine what stage of this whole thing but he only talking about letting them off the hook or also kicking them out of the euro zone we will see severin currencies again that you repeat the euro will fail we are under brink of the collapse and this will be like a. next two to five years but if you look back in history european currency units are european current currency union sorry never if they never grew up because it's it's madness to put weak economies like crazy italy france with strong economies like show me austria in one interest core set in one currency union afraid thank you very much for coming in today thank you for having me shares in harley davidson fell sharply after it announced it will be moving production of its motorcycles for
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the european market from the u.s. to india and brazil move is in response to new e.u. tariffs last week brussels raised its levies on american motorcycles from six to thirty one percent in retaliation to washington's tariffs on imported steel and aluminum alley davidson promises it won't be raising its prices in europe. women in saudi arabia no longer stuck in the passenger's seat authorities have started to issue driver's license to women again on sunday the first female drivers were able to get behind the wheel but to what extent is it a case of giving women more freedom and to what extent is it about giving the economy a boost. getting into the car to drive to work or run errands it's a first for most saudi women who are literally forced to take a back seat for the last sixty years through illusionary nature of the move makes even mundane tasks exciting it's my first said think way for guess.
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what was your favorite now i want to take a picture of myself i want to take a selfie of. analysts predict tree million female drivers and how the roads by twenty twenty their new found automotive freedom he's also expected to benefits how do your abs economy. mobility is said to improve women's access to the job market crown prince mohammed bin salmond hopes that thirty percent of women will be contribution to that household income by twenty thirty. each of us had some time to do what they really want to do just because we don't have anyone to drop us off or pick us up. the new policy is also a business opportunity firstly due to the demand for new driving schools catering solely to women. meanwhile car dealerships ikea
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ring out for female customers local media forecast annual growth of six to ten percent for the domestic car market but that could be optimistic last year new car sales in saudi arabia fell by over twenty percent to slump was partly due to the country's recession saudi arabia's g.d.p. fell by as you're a point five percent and twenty seventeen. turning the all dependent kingdom into successful modern economy will take more than having women at the wheel. by string business with.
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bottom of this mystery. tomorrow today next on. wall. street. crimes against. humanity. civilians become witnesses among. their recorded of images travel around the globe via social media. what is fair game to fiction and what is fact. digital investigators combing through the flood of images and they combine sources trying to reconstruct what happened and to substantiate claims of crimes. thanks to this video recording but now the soldier who shot the young man is on trial now. forensics between bits and bytes
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you know you know you good bye. i think again. the evidence. is of the chance a because justice is about the truth. truth detectives starts june thirtieth on t.w. . welcome to you tomorrow today thanks for joining us coming up. an astonishing memo that can shrink or grow as the seasons change. we also look at worms in fish that provide tantalizing hints for how to live to
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