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tv   Business - News  Deutsche Welle  August 2, 2018 3:15pm-3:30pm CEST

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these carriers will be able to see all the world's oceans without a crew. you're watching d.w. news still to come in business a sign of american trade dispute continues to escalate but is washington getting its way with the e.u. ben will be here with us and much more all that still ahead here on. germany state by state. colorful. the longest. the most traditional. at any time.
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check in with a web special. take a tour of germany state by state on d w dot com. make your smart t.v. even smarter with the d w four smaller to. find out more w. dot com smart t.v. . the chinese of the united states tube return to reason after the trumpet ministration looks at hiking tariffs even further the trade wall rumbles on both sides blaming each other for failing to find a breakthrough. a slim a zeman despite booking shop lehi orders the german industrial john wants to streamline operations will get the market reaction from frankfurt. and dumping diesel what germans are doing with all those cars up to discover. there engines are
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actually a lot they'd like to have believed. have been fizzling let's do business china's foreign ministry says it won't be blackmailed the u.s. is ratcheting up the pressure in that tough dispute it comes as the asean conference gets underway in singapore asian nations already searching for alternative trade it's. the gathering is taking place amid continuing bad news for members of the association of southeast asian nations or. the us just announced plans to raise its latest rounds of tariffs on two hundred billion dollars worth of chinese imports from ten to twenty five percent. as part of china's growing export supply chain the as young nation stand to lose big in any trade war. a full scale conflict could slash singapore's growth next year by half the host country's leader warned the association to brace itself rules based multilateral trading system
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which underpin the growth and prosperity is under pressure it's important to ask him continue to support the multilateral system and work with like minded partners to deepen our weapon of corporation. southeast asian nations tighten their ties with china following us withdraw from the free trade trans-pacific partnership now they're pursuing a china backed regional trade agreement with pacific powers excluding the us singapore's prime minister said it could be signed by the end of the year. the european commission says american soybean imports to the e.u. have opened scored drupal this up to the block promised washington to buy more last week in an apparent attempt to dodge a trade war between the two instead of brussels put the boost down too and resistible back in. donald trump has certainly disrupted global trade flows
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especially when it comes to soybeans u.s. soybean farmers have seen prices for their produce plunged by twenty percent after their prime export market china imposed high tariffs in retaliation for u.s. tariffs on chinese goods the trade has almost ceased the e.u. was quick to take advantage of the cheaper u.s. crop something that must have been clear to commission president john claude younker last week when he promised trump the e.u. would step up u.s. soybean imports the latest figures show that that process was already well underway . today that you can commit commission has published the latest figures on e.u. imports of site beans showing an increase of two hundred eighty three percent in imports of say abuse from the u.s. bringing that use total share of imports of u.s. soybeans to thirty seven percent up from nine percent just one year ago washington had already promised twelve billion dollars to compensate farmers hurt by the
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dispute with china but with harvest time approaching many of the must still uncertain i think there's maybe just a little bit of comfort there knowing the administration is backing farmers but you know longer we're not looking for any kind of an aid package we want markets to work and markets to be. china was us soybean farmers main market and it's doubtful increased e.u. imports can make up for the loss side beings made up sixty percent of u.s. agricultural exports to the country. beijing meantime has ramped up domestic production and lowered import tariffs on other producers and one side effect of the dispute is that countries like brazil are emerging as the winners brazilian soybean exports to china soared twenty five percent in june. there are reports google is bowing to beijing by creating a sensitive version of the search engine for china such as for terms like human rights democracy or peaceful protests in china would have to be censored for google
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to get the go ahead for the venture that is the plans would represent an about face from the us tech giants previous china policy in twenty ten the company pulled out of the market to avoid strict guidelines chinese state media has denied the reports google is yet to comment on the. shares in siemens a slumping this hour a mixed bag of corporate results today lower profits for its third quarter but shop the higher orders still what's got investors and what has worried a vague plans to streamline germany's biggest industrial conglomerate it's been five years since eamon c.e.o. joe kayser carried out his last restructuring plan and now he's at it again. the three sectors gas and power smart infrastructure and digital industry will now be autonomous they run that way decisions can be reached quicker hopefully helping drive sales and earnings. behind the restructuring is
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a plan to float all three independent divisions on the market as separate i.p.o.'s where they can be sold or merged something that has already happened in other areas of the group medical technology division health nears went public in march in essence siemens is telling shareholders that for some of the parts is worth more than the whole company and a legal entity by creating a value it's more what you have in their. and should there be any necessity to do so because this is going to be in the hands i sustain it will stay cold oriented crowd you then rate it would be closely connected optionality was still unclear is what effect the restructuring will have on siemens three hundred eighty thousand workers worldwide germany's steelworkers union is not expecting any additional cuts it's waiting for management to explain what concrete changes the new plan will bring. and see if we can clear this up with financial correspondent
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a very old case insists he isn't creating a holding or splitting up the company but it's starting to look that way isn't it. yes signs are pointing in that direction what is changing exactly is that these three divisions they won't be run or managed from germany they'll be run individually so energy will be in the hands of used in taxes in the us then there is infrastructure in switzerland and only digital. industries sorry it's going to be run from nuremberg in germany so that's one difference and kayser may be saying that he's not trying to create a holding but he is leaving the company by twenty twenty one and whoever is going to come after him may just want to do that because as i mentioned before orders look very strong. they may have
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a slight full in profits but why this sudden split up i mean do they have to compete internationally on a much higher level of the sudden or something. it is definitely an international trying to split up companies folksongs doing it diameter is doing it there are a lot of u.s. companies also doing it and the gas and power division is having trouble you know it's been dragging on those results that came out today and that might be a division that is no longer fit to be part of the core possibly. you have proposed a simple it's. hundreds of thousands of german motorists of found themselves jammed in a diesel dilemma the emissions scandal and driving bans in some cities have noted the dented the reputation of diesel vehicles but also the price of. this v.w. pushed diesel is fifteen years old but it recently passed inspection. before the
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diesel scandal it could have fetched fifteen hundred euros now it's only worth a thousand and the owner wants to junk it. given one i just ordered myself in a four and never seem to seventy five hundred euro credit. if customers jump their old vehicle and buy a new one they receive a premium from german car makers worth up to ten thousand euros that's why so many diesels are being scrapped at the moment. some. eighty or ninety percent of these vehicles are part of the rebate program. and they're actually not ready for scrapping they would last a bit longer with a moment. but the premium being promised and in fact paid is so tempting it makes people weak. that this v.w. is twelve years old and would be on the road several more years. in the workshop
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mechanics or dishpan tooling it. and selling the used parts which earns them a total of twenty five hundred euros. just for going for and he was on thoughts like that then what it really hurts because a car like this one it has forty seven thousand kilometers on it it's so clean it could definitely be on the roads and it's in perfect condition and. next to the junkyard near hamburgers a car dealership it doesn't even buy back used diesels anymore and the sales of new diesel cars are not going well. sales have gone down twenty percent in the last few weeks and months and we haven't seen the end of it i'm sure of that it's because of all the media outlets reporting that diesel cars are getting bad and median inside the bodies are born and these are for hubble to hear the junkyard is full of used to mid-size diesel cars completely intact they can't be junk fast enough here in
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europe's largest recycling yard. the white v.w. lands here to. the do it yourself or are having a field day. for a small price they can have everything they want there are more replacement parts now than ever before. sun got my look what i found. i feel bad that i'm nice doing business with you.
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this is no sense for a science guy moving. inside the glass day to flood the family's home. while protected from norway's some comments of the fulfillment of a family's dream. sustainable a sense in the final. move your moments next month.
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for. sure that the world over information may provide the pain inside me want too much stress from g. w. on facebook and twitter up to date and in touch follow us home. from people make fun about their own social economic and political problems. in mozambique we say that you have to laugh so you don't write it's how people called me dated april. as a journalist i often call called these folks in that final salute to my fellow countrymen i left just half my day by kicking it all to all those jobs finding out what people are talking about what is moving them. my father taught me how to ask
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uncomfortable questions about my country and about to book that describes i keep doing to this day my name is madison and i work at. a. i that welcome to the show today we're traveling all over europe from transylvania to scandinavia let's cool off with these topics.

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