tv Business - News Deutsche Welle July 22, 2018 1:15am-1:31am CEST
1:15 am
1:16 am
your link to from africa and the world. link to exceptional stories and discussions. you suffer. from one example from the news. that comes to africa join us on facebook. africa. there was great fanfare in tokyo this week as the e.u. and japan signed the world's largest ever trade deal. the agreement removes trade barriers at a time when global free trade is under threat. to their signature.
1:17 am
you you can only part of it the movement is a movement for go with the if we used together you call them is the cone for the first of the words to compete and to over think of it with. the talks got off to a rocky start requiring four years to complete. but as u.s. president donald trump ratcheted up protection its rhetoric over the last year and a half the negotiators committed themselves to sealing the deal. but. there are currently rising concerns about protectionism globally. within this context when it i believe it is extremely meaningful to japan and the e.u. are sending a message to the world. about the importance of free and fair trade. and . japanese automobiles currently face ten percent e.u. import tariffs those will be completely done away with for the europeans the food
1:18 am
industry is the big winner of the deal it will now be much easier for producers to export cheese chocolate and meat to japan a nation of prosperous consumers the e.u. expects poot exports alone to jump at least by one hundred eighty percent that will create new jobs and boost g.d.p. the signatories sent a clear message to washington free trade not walls stimulates markets. four point three billion euros that's the record fine google is facing after a year regulators found the company in breach of antitrust rules the charges relate to google's android operating system used by phone makers including samsung on whoa i. e.u. officials say forcing manufacturers to pre-install apps like you tube and google maps in exchange for enabling the download of other android runups amounts to
1:19 am
unfair competition google maintains its within its rights to set preconditions for the use of its services you competition authorities reject that argument accusing the company of marginalizing its rivals. in this way google has used android as a vehicle to cement its dominance inst as a search engine these practices they have tonight rivals a chance to innovate and to compete on the merits they have denied european consumers the benefit of effective competition in this very important why it's fair . this latest ruling comes a year after e.u. n.t. trust regulators fined google two point four billion euros for unfairly favoring its own shopping service google won't have trouble finding the cash to pay its fine . the company reportedly hold several tens of billions of euros in cash reserves.
1:20 am
but being forced to change its business model could hurt the company more. the phone makers are no longer forced to pre-install and draw it out. google's out revenue could be hit hard. so the internet giant says it will appeal to fine. big machines big profits aircraft are state of the art products with sky high price tags manufacturers like airbus and boeing take orders in the tens of billions and looking to the future boeing estimates commercial airlines will need over six trillion dollars worth of new aircraft over the next twenty years. projections like that make airline companies fairly optimistic. i don't think. there will always be demand for air travel because this is that must
1:21 am
say first easiest way to travel from country to country and. that it was forecast and the industry monitor i utter forecasts that there will be. passenger traffic especially in the region where we are situated. and not just in the middle east of boeing study predicts that in ten years china will replace the u.s. as the world's biggest domestic travel market. boeing already exports a quarter of its production to china but the escalating trade dispute between the us and china could easily cloud the us playmakers china business. but there was no trace of global trade disputes at the farnborough airshow outside london the fact that aircraft components are made in many countries could mean trouble for british industry post brags it but if she was worried british prime minister to reason may didn't let on. i want to ensure that the u.k.
1:22 am
remains one of the best places in the world the aerospace companies to do business to continue as world leaders in innovation to make the most of the huge opportunities that exist because this is an incredibly exciting time for every space not only is the huge growth potential but many of the developments taking place have the potential to transform the way we fly. the u.k. will likely have to take over more control of its defenses post brags that the government announced plans to invest more than two billion euros to develop a new fighter jet until now european countries produced the euro fighter jointly but uncertainty over britain's future could make such cooperation no longer possible. in response to u.s. moves the european union imposed tire steel tariffs this week. a new twenty five percent tax does not apply to all steel imports rather only those in excess of
1:23 am
normal import volumes. this is the e.u. tries to avoid steel intended for the u.s. being redirected to europe. there's currently a glut of steel in markets due in part to of a production in china. trade disputes with the trump administration in washington brought china and the e.u. closer together this week. at the twentieth eve china summit in beijing leaders on both sides confirm their commitment to rules based trade deepening their strategic partnership and reforming the world trade organization. there was finally some good news from deutsche bank this week germany's biggest lender is projecting a second quarter profit of four hundred million euros far exceeding expectations the announcement sent the bank's share price soaring new c.e.o. christian saving is restructuring the bank cutting thousands of jobs and scaling
1:24 am
back its investment banking division. warehouse workers of online giant amazon stage strikes in european countries this week a walkout started in spain on the company's amazon prime day its annual global sales event employees are demanding labor contracts that guarantee better working conditions including higher pay and paid vacation activists called on amazon customers to stop buying its products. because turkey's economy continues its downward spiral the price of basic items continues to rise onions potatoes and tomatoes are also far more expensive than they were a year ago. countries in the grip of crippling inflation and everyone seems to be feeling the effects. yet. we can't afford the things we need we can't go on holiday. we have to limit ourselves sadly.
1:25 am
president richard tired out one has promised his people a glowing future but he says he needs to consolidate his power to make it happen his control now extending even over the central bank. some analysts say they're living in an autocracy. the fact no central bank or old institution in this country are under the sway. and signs that we don't have any freedoms. in the simplest solution. as per. the ones influence over the central bank has accelerated the turkish leaders depreciation. global investors have been pulling their money out of the country for months sending the lira tumbling twenty five percent against the dollar since the start of this year. that's made imports much more expensive.
1:26 am
businesses are increasingly this is a. passion for. economic growth tops the list of better ones priorities that's why he continues to avoid raising interest rates but that policy in turn is contributing to the rising inflation it's a vicious circle that's upsetting a lot of turks some economists even joke that the lira is turkey's last remaining opposition party. making bells as a labor intensive and time consuming process the gallon apple this family has been making them for over two hundred years theirs is the last remaining bell making business in greece. when the financial crisis struck brothers christos and tomas refused to give up the trade their forefathers began generations ago but as the
1:27 am
economy soured output plunged by sixty percent along with lucrative church donations. the brothers now in their fifty's refused to shut down the family business instead they focused on exploiting their customers crafted chimes. certainly a moral sense is factored in that comes with continuing something out grandfather did great grandfather did your great great grandfather did it's quite a significant thing. now more than half of the golen oculus brothers production is ringing out in countries like australia africa and the us christos and thomas his sons will continue running the business much to the relief of their fathers who feared it might end with them. there was no way i was going to let all my father's and uncles efforts in building all of this be lost and secondly as a trade i love it i like it i enjoy it. that will be
1:28 am
music to the ears of the local priest who swears by going up a list bells. he likens them to the call of god. welcome to bangkok millions of people scurrying between a sky train and a number of streets in canals and visitors can easily lose track. giants are the main service maggie metropolis to bangkok treasures.
1:29 am
discover unusual highlights from asia's most exciting city. on g.w. . this week's highlights. moving gallery moves awfully painter trucks on the road. colorful photos and not just you a place with a perspective. electable furniture when food inspires until. you're romantics in sixty minutes on t.w. . life like a gentleman with deafening any time place. video
1:30 am
no. yeah i don't like a bit of practice. songs to sing along to download it is to come from super. to be able to. have their each course is put into active exercises are you talking about that d w dot com slash dr landed on facebook in the app store. blend german fifth grade w. . king rah mother first wanted to make his mark. so he decided to turn a small fishing village in today's new residents. bellicose neighbors had reduced his hitherto beloved capital into.
42 Views
Uploaded by TV Archive on