tv Business - News Deutsche Welle July 10, 2018 1:15pm-1:31pm CEST
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so probably friends. the party is coming to an end and russia has the world cup it's almost time for life in moscow to get back to the usual rhythm. it was in need of news coming up ahead environmentalist told it's a milestone the coffee chain starbucks is facing up plastics for was difficult to recycle and open up the oceans all the big companies are also starting to seriously tackle the issue of plastic waste. monica joins in with you shortly with that story . jim and with. any time any place. to sing music video an event. they have on
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the back of those. songs to sing along to download to stick on both of you from super. to be. very close is kind of into the exercise is the monitoring of all that detail when you don't come slashdot actually and on facebook in the store. learn german for free but the devaney. scatting terrorist multinationals are scrambling to protect their bottom line tesla is the first u.s. carmakers to hike prices in china to make up for higher. also coming up is of the e.u. getting bigger europe's foreign ministers meet in london to discuss west balkan states joining the e.u. . for the book and it's good for the environment and for its corporate image
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starbucks ditches the plastic straw to appeal to equal friendly. but it's only a week since the latest tit for tat terrorist from china and the united states multinationals are already scrambling to readjust supply chains so that goods bound for the u.s. don't pass through china and the first american carmakers are also raising their prices on the chinese market to make up for the higher duties. tesla is the first american company announcing that it's raising prices in china the move comes in response to beijing's decision to impose tariffs on a range of u.s. products. china is the world's biggest car market tesla cannot afford to be priced . plans are already underway to build a factory in shanghai which would enable the company to avoid tariffs in the future . germany's b.m.w.
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is also planning to introduce price hikes in china that's because customers there buy s.u.v.s produced at b.m.w. plants in the united states. the company manufactures its x. series at its plant in north carolina each year around one hundred thousand s.u.v.s produced their go to china b.m.w. is also ramping up production in china in response to its new tariffs on u.s. imports. and yet another country is taking measures against the u.s. tariffs on steel and al minium slits the land has launched a complains of the world trade organization in all eight w t o members have now started such a challenge the united states says the duties aim at protecting national security but this was economy ministry says that's unjustified the w.t. old now has sixty days to settle the dispute. chinese president xi jinping
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has promised credit and other financial backing to arab countries totaling twenty three billion dollars it's a clear bits to gain influence in the middle east the pledge includes a fifteen million dollars aid package for palestine and further humanitarian support for syria lebanon yemen and to jordan she announced the initiative at a conference of arab leaders in beijing. and european union representatives have been meeting with foreign ministers of six balkan states in london to discuss their prospects of joining the e.u. the country's include bosnia and had so had see governor sarah bia core civil matzoh donia albania and montenegro by joining the e.u. they hope to generate greater wealth but before the western balkans can hope to benefit from europe's economic strength they've got some homework to do. all
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in all the west balkans are quite a way along the path to membership according to sources in brussels they've made progress on the rule of law and the independence of the judiciary the legislative process is also being brought in line with the european union. but e.u. membership also means integration in the common market business must be competitive and in many cases that's a long way off the most important yardstick for the economic strength of a country is its gross domestic product in albania g.d.p. per capita is only about three thousand eight hundred fifty euros per year in macedonia it's only a little bit around four thousand six hundred by comparison e.u. member states have an average g.d.p. of thirty two thousand seven hundred euros annually about eight times higher. then there's the widespread corruption coupled with organized crime and money laundering but what are the alternatives for the region russia turkey and china are all trying to build their influence in the balkans that's putting pressure on the e.u.
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to accelerate the accession process. so the pressure is on but auburn western balkans economically fit to join the e.u. well that's what i asked analyst to reget sht. well i think that most of the countries which previously join the e.u. are actually not fit to join the e.u. it's a process of catching up for the countries of the worst some bold starting point is not that favorable they had a huge wall behind them in the ninety's of the last century so the prime reason for the e.u. to engage with a simple cause is not of economic nature it's about conflict transformation and about ensuring peace in the whole of the continent so this is the reason why the e.u. is highly interested to have the countries on board quite soon you just sit right at the beginning of your arm so that most of the country certainly in the southern europeans you would fit economically to join the e.u.
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is the us strong enough to make the same mistakes all over again. i don't think that these are mistakes i think that this is a natural way to deal with some historic problems the countries of southern eastern europe are already not deeply integrated into the e.u.'s economies at the moment seventy five percent of the trade of the six of those who are open economies is with the e.u. chiefly with germany and in italy ninety percent of the banking capital comes from the e.u. most foreign direct investments come from the un remittances from migrant workers and parts of the e.u. are key of the law of the was already in place there for instance in the aviation union the energy union so these countries are actually not outside of the e.u. they are so followed by the e.u. but not fully. integrated at the moment. there is the population of the selfish europeans is going through this constant three point five percent of the populace so they will not have the e.u.
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will not have a problem with full integrating this country it's a matter of political will and also whether the leaders of the you see risks the mystic political risks if they tackle enlargement foster i mean obviously there must be some risks because the a and original date of accession which was twenty twenty five is a radio off the table when you think would be a feasible date for the west balkans or at least some of those countries to join the e.u. . this is a speculations and this doesn't help us very much. the problem is that type of the economic relations that has been established between the e.u. and the southeast european six economists is actually prolonging the time of waiting to achieve convergence to catch up with the e.u. why is this the countries of the region have a huge trade deficit with the e.u. of about two hundred billion euros in the last ten years to pay for importing so much they have to save they have to have a stereotype policy is they have to cut on the investments and because they can.
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accumulate enough capital for investments their growth rate and not because this should be so what they needed this moment is access to e.u. structural inclusion funds even before membership this is the only way to ensure foster growth rates so listening to the start of that summit yesterday it was also mainly about economic cooperation did you see the signals the right signals in place of what you mentioned the kind of cooperation that the west balkans need. i could be forgiven for saying that having a summit on western balkans enlargement in london and this moment is in the eyes of some. viewers adding insult to injury a country which is leaving the e.u. is other locating enlargement and the government is falling apart and yesterday so perhaps this was not the happiest of moments to have such
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a summit indeed. there from the german institute for international and security affairs in brussels thank you so much for your time thank you. well coffee chain starbucks is the latest corporate giant to pledging to eliminate plastic straws it expects all of its twenty eight thousand stores to have switched to alternatives twenty twenty plastic stores will be replaced by recycling it with a small raised opening customers from con for go strong will receive paper straws or ones made of a composite of plastic is huge environmental impact of plastic stores is making them increasingly unpopular with consumers and my colleague last halter our financial correspondent following that story for us and he's joining me now in frankfurt last what's behind that move is it really all about saving the environment. of course the bottom line is monica that it is about saving the
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environment but there's a little bit more to it and that is exactly the reason why the policy and straws is rolled out globally in twenty twenty but a little bit earlier in seattle and vancouver because starbucks has to ban straws seattle and bank hoovers who are the first two cities in north america who are banning plastic straws or single use straws and so all the restaurants all the restaurants chains they have to obviously follow if they want to stay in that particular market seattle of course being the home market for starbucks of course this whole thing is making an environmental impact is specially with starbucks having twenty eight thousand stores globally and with sales of cold beverage of course the cold beverage are the ones that you drink with a straw those make up more than fifty percent of total sales by now it was only about a third five years ago i believe that mcdonald's is planning to do exactly the same and they all targeting eco friendly melendez now in the hope to gain new customers
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. yes that's pretty much behind it is a p.r. move obviously of course mcdonald's is showing some environmental responsibility here too but generally of course the environmental footprint of donalds is still huge their public health record might be dismal but they want to move a little bit away from that image or at least they're doing something and they want to do more not only banning just plastic straws but by twenty twenty five they want to make all their packaging recyclable. out of there with mcdonald's and starbucks in frankfurt are there thank you very much for bringing us up to date. that's your business update here on t.w. . check our twitter feed all visit us on facebook says in.
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