tv Business - News Deutsche Welle July 2, 2018 7:15pm-7:31pm CEST
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an off the ball incident with mexico's mic ally and then so neymar rolling around in apparent agony it's any injury worries were unfounded as the p.s.g. man dusted himself off to set up substitute get back safe america to brazil. may not win brazil are cranking into gear it just the right time. to make scary more last sixteen heartbreak this is the seventh straight time they have woke up this ended in tears at the stage. business that day with just about to tell the back of the top of the out of the. great yourself with interior design channel on.
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every journey begins with the first step and every language is the first word looked a little coaxing germany. why not learn. its simple line on your mobile and free. using a learning course. german made easy. chaos in merkel's coalition hurts financial markets investors wait to find out whether germany's and syria minister will resign in a showdown over migration. a mega metals merger and maybe job losses susan corp and time is still confirmed a european tie up. at the trading wall and disappointing data fueled an emerging
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market sell off trump's next tariffs hit china of this week. i bet it will and it's your business economists are concerned if germany's coalition collapses it will hurt business the government's fate is hanging by a thread this hour over an elusive migrant deal interior minister. is in last ditch talks with german chancellor angela merkel over his threat to resign a strong administration in berlin is vital in negotiating trade disputes with the united states and china and experts fear the political wrangling will bug down the development of important factors for germany's economic future like its high speed digital infrastructure the timing of this is tricky as economist. maya explains so someone who things where europe needs german leadership there are so many krises out there be it the trade war against
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europe read the urgent reform of the eurozone. that means if germany affords itself another hear of paralyzes or of stays is that would really be costly it would involve an enormous amount of uncertainty not just for germany itself but for the entire european union and we are not in no situation to be able to afford that. a prospective new metals giant is taking on the flood of chinese cheap chinese steel germany's to cope and india's tata have agreed to merge their european still making operations after two years of talks regulatory approval is still to come along with job cuts. the joint venture comes in response to the problem of overcapacity on the global steel marcus the new firm which will be known as to some crop tata steel will become europe's second largest steelmaker. if this is really the key issue to move successfully for the. global existed as
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if he had also cost tremendous additional imports into europe imports into europe are an all time high level which have only increased the price pressure on that material. to tie up is expected to result in about four thousand job cuts and savings of hundreds of millions of euros each year the marriage family employs some forty eight thousand workers in countries including germany the netherlands and the u.k. and it's expected to generate an annual revenue of around fifteen billion euros. when that press conference my colleague helen humphrey had a chance to speak directly with choosing hope chief executive. is what he had to say. we have a structure overcapacity first deal in europe and as a consequence out of that the utilization rates for all the steel companies were not high enough to really chinoy the directive returns going forward and for our
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employees they were forced into restructuring programs each and every three to four years so we finally want to address that issue so we had four elements in mind one is the industrial logic to take over capacity and solve that problem secondly generate significant value for our shareholders which is given by the four to five hundred million synergies but also give a more reliable a more promising future for the majority of our employees and the fact that we remain a fifty percent owner is also good for our culture so it's a stain of a package going forward by another name that is the problem not china and overcapacity of steel i think we have a global excess capacity but bonnie's clearly cannot solve the issue of china with the european merger but we can also not only let's say put the finger on china if we are not ready to do our homework so the civi is really addressing the structural
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overcapacity problem in europe the chinese problem need to be solved in china as you point out there are manifold problems facing the european steel market at the moment one of them is the terrorists the united states slapped on european steel how is this affecting your business. i think we have to distinct between the direct impact and the indirect the direct is the volume which we are delivering into us luckily in our case it's only three to four percent of our sales saw we don't like it but we can manage it i think be it but also the other european theatre companies are more concerned about the indirect risk if all the volume which is not anymore allowed to go into us might be redirected into the european market we have already an all time high of imports into europe if this well you good come in addition then hopefully the european trade commission would find
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appropriate measures to protect our industry here so that in direct risk is higher for us than the direct one. trade war and disappointing economic done to weigh heavily on asian stocks today japan's corporate health look as worst things to trade tensions china's manufacturing activity is slowing u.s. president donald trump's next elbow comes friday the chinese are scrambling. china has cut import tariffs on some fifteen hundred consumer goods including automobiles from the beginning of july aiming to further open the economy and meet growing demand this announcement comes just days before u.s. tariffs on up to fifty billion dollars of chinese products due to take effect china says if the usa goes through with that it will retaliate with import duties on thirty four billion dollars worth of american goods. and as the dispute between
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washington and beijing escalates american products face another threat trump's trade war is pushing chinese consumers away from previously desirable u.s. brands and towards local chinese brands. now. if there's trade conflict between china and the u.s. and it affects the national interests certainly we will boycott some foreign brands and ask friends and family to safeguard our nation's interests. u.s. president gold trump is also looking to put in place measures to protect u.s. innovation and intellectual property but last week he backed down from imposing measures that would have restricted chinese investment in u.s. companies in order to protect u.s. technology trump told fox news on sunday he did not want to focus pacifically on china the european union is possibly as bad as china just smaller ok it's terrible what they did to us european union take
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a look at the car situation they send their mercedes in we can send our cars and look what they do to our farmers they don't want to farm products you know in all fairness they have their farmers so they want to protect their farmers but we don't protect ours and they protect their ears trump has rejected criticism of his tariffs but his trade dispute is already costing us jobs and american manufacturers including harley-davidson motorcycles are exploring options to go off shore. and joins us now from singapore address how patriotic ah the chinese will they boycott american products. well that seems to be the general consensus been a lot of american goods and services face the threat of things like customs delays and other restrictions that the chinese have put across in previous disputes with south korea and japan big could also lower the yuan the chinese currency which will
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then make the u.s. interest rates higher and therefore american exports more expensive. tell me about beijing's strategy as a whole and in this dispute it's been using batalla treat terrorists but not to hotshoe ones and opening the economy to the outside well bit by bit which was already doing anyway but making announcements along those lines to appease washington is that working well i think these actions are mall gentle shows and big blow has been and they tend to speak a deeper meaning china's move in strategy is has a bit of a political backbone see jinping has a stronger hold with his government than trump has especially now that trump is facing criticism for his ira tell the tree tariffs particularly with the farmer who's on top of that the us terrorists will undoubtedly spread it to the reservation which then makes american goods a lot less desirable to the rest of us here ok thanks for the update from singapore
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our correspondent there and writing on the on going trade war ever heard of bank rate a ban on plastic bags went into effect for a strike in states at the weekend leading to angry and violent scenes in some six markets one child who grabbed the stuff member by the back of the throat manages a report of the incidents and the giving stuff support. for years us trains have taken them for granted now shoppers in sydney and elsewhere are facing a choice pay for a plastic bag or get your hands on an environmentally friendly cloth carrier for some it's been a pain free switch. so i've been using them for a while and i'm quite happy to see you see others are less enthusiastic. it seems like this the ban on plastic carriers is intended to address cleanup workers recently collected eight hundred kilograms of plastic waste in
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a single day this speech on the astray in territory of christmas island in the weeks leading up to the ban coming into effect environmentalist expressed hope that the policy would increase awareness among consumers. so i think that people need to really understand that and. so much time in the environment and when they see an image of an animal that's ingested debris or plastic so. it really can expose single use items that they might use every day with far reaching impacts in environment with reports of furious astray and customers dominating the headlines self-serving tills like these might prove a relief to stop given an appropriate amount of time the visa bill may even win over the hearts and minds of shoppers to.
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of months montreal city. oh boy. oh boy. live to surf much. danger lurks in the morning we were that all year long surfing into waste and and polluted water not only being the witness but it kind of being a victim i mean we see you troubles all guster troubles. basically the ceaseless always most in fact coupled with the measurement told me i was awful michel. jobs. human sewage completely untreated and stone walls are coming out of these rights considering that an outfit i want to call must must read
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me yet so. if we decide to go somewhere every day and see more more broadly she chimey of us perceive gives me everything the way just the wind i have to give something back i feel obliged to look it was true mission to me on the first. point waves surfers fighting against the unseen pollution of the sea starch july fourteenth on the w. . into the science magazine on d. w. welcome to tamara today here's what's coming up. biomolecules in the nights illuminated by the bulls biggest x. ray is there in hand. a chemist goes to finland to find out what fine particles in the end it do to the cells in our bodies. and every
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