tv Business - News Deutsche Welle August 9, 2018 7:15pm-7:31pm CEST
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and also to remind everyone you know our colleague is currently in detention there may have and we know that you've worked with him you know him personally so we thank you so much for joining us to tell us a little bit more. it watching you news still to come on the program germany and the united states find one thing that they agree on the need to keep growing chinese business in check. as that story and a whole lot more. i'm sure kelly in berlin thanks for watching. luis at full speed. you wish. but always on the move.
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mobility today into the future. driving on t.w. . we've been fighting for the case taking seriously in the world of what appears has come out women stoned w. . the female superhero. was more towards smart stage image and brain creasing really dangerous time for w. for mom. to. stay away from our family silver china says germany as it prepares new legislation to stop foreign takeovers of critical industries and infrastructure also on the program in ikea opened its first branch in india all the western companies have struggled will believe a lack and calyx catch on on the subcontinent will get the word from our
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correspondents. does the studio be a business on christopher. for years beijing has been on a mission to buy foreign companies that fit its strategy to develop into an even bigger economic power mostly market leaders in ten different key industry sectors like robotics or pharmaceuticals countries such as germany and the united states see their industrial advantages at risk and are now tightening regulation it's a move china won't like germany's government wants broader veto powers when investors from outside europe buy into local companies starting at fifteen percent stakes instead of the current twenty five. the new regulations come after berlin effectively blocked a chinese company from buying a twenty percent share in electricity grid operator fifty hurts chinese trade representatives claim they're being singled out however the sudden surge in chinese
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purchases is striking while the volume of chinese transactions in germany was comparable to low in the years before twenty sixteen it's accelerated quickly since then a sudden surge to twelve point six billion dollars in twenty sixteen was followed by a new peak of thirteen point seven billion dollars in twenty seventeen. and it's not only the size of the investments that are ringing alarm bells in berlin. many of them are focused on certain sectors. those ten key industrial sectors president z. wants china to become world leader in. the acquisition of robot manufacture a cougar for four and a half billion euros last year falls into that category. and this year lee shoe food c.e.o. of chinese carmakers easily acquired ten percent in germany's dima. now germany is
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slamming on the brakes by planning tighter scrutiny of foreign investments but german industry representatives fear the government stricter controls could deter chinese investors and that's not necessarily good news after all investors also provide capital and create jobs german pharmaceuticals maker for seniors kabhie is suing to stop a planned execution in the u.s. state of nebraska and says the state illegally acquired two of its drugs for what would be the state's first ever lethal injection brass the plans to use an untested lethal cocktail of four drugs to kill a convicted murderer the company says its reputation would be damaged if its products were used for capital punishment a similar lawsuit last month temporarily halted an execution in the battle so let's get the view from frankfurt on this with conrad bosun standing by conor at a company suing to stop an execution because the drugs are said to have been
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acquired illegally what do traders make of the story today. well because the news is right this is very bad for the reputation of the company investors don't like it when the company they invest in gets involved in an ethical business and they don't like it when the company gets involved in conflicts legal conflicts in the united states the share price of casinos and the day down about about two percent today in terms of the outcome of this legal case well there's little hope here on the trading floors that because insurers will be able to convince the judge in the us despite the fact that the company has tried to control the distribution of its medications in the u.s. with contracts explicitly for building the use for the death penalty. but you know obviously the state of nebraska has the opinion that it's law is above those
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contracts and imagine a court in the united states where the point of view of an american state is being discussed in contrary to the point of view of a german company it's likely that the american position will prevail and comment briefly in a few cases pharma companies did manage to get more control over whether their products were used in executions or not what's the difference here. well in those cases the medications were very specific the companies involved in those cases found it much easier to control that distribution in the case of those medications of cuisine use of muscle relax and and a chemical that can stop the heart function. they are widely used in the u.s. and many clinics and the state of nebraska can get them quite easily contribution in frankfurt thank you. now a twelve year wait is over earlier today ikea the world's largest furniture
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retailer opened its doors in india in the southern city of heider about now it's an outsized project the thirty seven thousand square meter showroom is expected to draw in seven million shoppers a year in store employees almost one thousand people more stuff than any other ikea branch in the world the swedish furniture maker says it will invest one and a half billion dollars in india a bet on the country's growing middle class nike says it wants to open twenty five stores in india by twenty twenty five for now the newly opened store in hyderabad features ikea just biggest restaurant ever seating one thousand and serving both indian fare and swedish mainstays the famous swedish meatballs are offered only in chicken or vegetarian variations though pork and beef are off the menu now for more let's bring in correspondent sunny a funny car she joins me from new delhi sunny good to see you. how have people
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received this big indian opening of ikea. i can stuff well actually there was a lot of fanfare around this opening in that store on the outskirts of today though there was a large crowd that had queued up outside the store before the opening and inside they were greeted by hundreds of employees dressed in blue and yellow you know waving swedish and indian flags there was even a military band playing a number of high profile guests including sweden's abassi go to india so that it was there was a lot of fanfare on this event and also a lot of coverage in the going to be to you and me i understand that specifically prepared itself for the indian market by tailoring one thousand products tell us more about that. that's right to stop it's actually quite unbelievable idea here is really kind of report its entire product line out for the indian market you know yours before the store opened i keep employees visited about
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a thousand homes in indian cities to try and understand how people live here and what they need and the product lineup really reflects that you know for instance ikea has introduced more color its products introduced higher mattresses it's introduced dhaka so far fabrics because there's a lot of dirt and dust in india it's also come up with alternatives to lead them because the cult is the will ship of india and i think most importantly ikea has really kept in mind that india you know with its abundant supply of cheap labor really has a kind of do it for me culture rather than to do it for sales and and so i can has a full in-house team of people to help customers actually assemble the furniture and now india has been somewhat of a tough target for western companies how is. trying to to. not share that fate. well it's interesting i mean you're right is
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is india's sort of india is a tough market to crack you know ikea did try to into india and you know if you remember back in two thousand and six but at the time it was foiled by very strict foreign direct investment rules that basically require companies to sign up at the local park now now seven years later those rules of the last night he has made it in but i can now face a stiff competition from domestic online for fun it should retailers like that and fry an open ladder it also has to contend with while much of which is picked up a majority stake in indian e-commerce giant flipkart which also has a range of home for missions and that are the problem story of huge pieces of land that i can needs a really hard to find in indian cities that are other other like high import duties which also make products very expensive so i think ikea entry into india and its subsequent filio or success will be watched very closely by other international retailers so no funny guy reporting on ikea's first store in india thank you so
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much. it was a surprising success that the head of the your e.u. commission john told younger delivered recently after negotiations with donald trump two weeks ago the us president put further tariffs against your companies on hold and return the block agreed to buy more soybeans and liquefied natural gas from the united states now the e.u. says it is delivering on that promise. the timing could not be more strategic eleven days ahead of trade talks with washington the e.u. released data on the blocks liquefied natural gas imports from the u.s. since the first shipment to the e.u. in april two thousand and sixteen you encourage you to quote fight gas from natural gas from the united states have today already reached two point eight billion cubic meters and the share of u.s. exports to the european union doubled from five to ten percent in two thousand and sixteen two thousand and seventeen that may be music to us present tromps ears at
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least that's what brussels hopes the block is trying to show that tariff free trade is good for american products but while the actual amount of l.n.g. exported by the us to the e.u. has been rising this year as a percentage has actually fallen the e.u. market is less significant than the asian one so far europe has only received two point seven percent of u.s. ellen g. exports this year that is significantly lower than its total share for twenty seventeen and twenty sixteen. still e.u. trade negotiators will be doing all they can to make the case for free trade to the american counterparts later this month and l.n.g. purchases could help sweeten the deal. thanks for watching i'll be back here with a fresh update in force of that's.
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with some marketing potential by placing a warning label on music products. and religion that brings me. to the to be reconcilable. card the devil and rock'n'roll. all those nineteen t.w. . hello and welcome to a fresh edition of you could africa brought to you by charles stevie dice about here my name is now it's i mean been in sixteen.
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