tv DW News - News Deutsche Welle August 13, 2018 6:00pm-6:30pm CEST
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this is deja news coming to you live from berlin president bush reasons the stakes in his showdown with the united states the president says his country's financial system is under attack of the central bank promise to do what it can just stabilize the leda it's unclear if the measures will be enough to stop the slide also coming up. this chunk student was sent home from china after making a filibuster human rights advocates. raging scrapped on on dissidents.
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and official convos in mali's presidential election drawn off the president. is favored to win in the poll and modify extremist tracks. doesn't support the build up to the new bundesliga season my in munich stopped things off with an emphatic victory with frankfurt in the german super cup we have the highlights for you. some of the day well welcome to you i'm on the touch. turkey's central bank says it's ready to take all necessary measures to shore up the country's currency the announcement comes off the leader tumble to a new low against the dollar and fears grew that the crisis could spread to other markets the currency has nosedive this year over worries about the turkish
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president's increase in control of the economy and as the diplomatic dispute escalates between turkey and the united states the rest of the average un says the country is facing an economic seize but he also seeking to reassure his citizens take a listen. we're taking the necessary steps against these attacks together with the finance ministry of institutions and we will continue to take them. i believe that the currency rate of return to a reasonable level don't worry. richard. joining me now in the studio is beloved by he's an author think tank the global public policy institute welcome bill and first people read. it if you don't have to say he's going to reassure the citizens of to give you your assessment how serious is the situation the situation is quite serious it's kind of shocking because their lives are lost. value against
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the dollar against the euro of around thirty five to forty percent of this enormous from the beginning of this year imagine if you are a businessman in turkey and you have. a loan you have to pay almost double back that is a serious question also for our brand because his strength was always the economy and now it's weak point for him and one reason for this accountancy crisis of course is the dispute between the united states and and tookie and this is just damage done has gone so far as to say i mistimed looking for allies and i'm just thinking might mean russia how likely is that while there is a risk turkey is already shifting towards russia in terms of values is shifting towards russia in terms of syria policy but to be honest syria is not the real the toilet or for turkey. looking from an economy point of view. russia is not the alternative in terms of security politic politics because russia
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is not a reliable and resistant or resilient part of pataki. so this is why turkey would remain like within the western institutional architecture but as we all know the shiftings to from one pole to another happen gradually so there is the risk maybe the purchase of the s four hundred. s. them might be against it was that the good you don't have to be using very strong lent language when talking about nato he's talked about being stabbed in the back my used to teach it and. he's talked about the country being an economic seizure and he's talked about you know economic tetra on social media against his country how why did should need to be about such comments and. as reliable need to ally well there are two reasons why our dawn is doing that the first reason
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is by portraying an enemy from outside he is shifting the responsibility from his misguided and failed conic of fiscal politics and policies to wards in the exterior dynamic. also he knows that rebelling and protesting against the west particularly against the united states gives him political credibility gives him support from his voters that's the reason so he wants the turkish people to unite in these difficult times. how difficult. how serious is that it is a problem. as i said turkey perceives the current debate or the current crisis not as a crisis within nato but as a bilateral one with the united states. which is far more a conflict which is far more risky is the conflict in syria but it is isn't he
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playing with fire he's prepared to sacrifice his big international relations for domestic policy goals while he is doing with classic brinkmanship so going towards the other end stressing the relationship as much as possible but he knows that how valuable these there was the relation to the west of for turkey that is why he is still loyal to the e.u. migration deal with would be european nations so he tries kind of to balance out to to shift the responsibility but still be loyal to. the old. and out of this with a deal that public policy institute thank you very much thank you. in the fall of the lead it would have been closely watching the world of finance get out has the details feel that's right after losing more than twenty percent of its value on friday the turkish lira has recovered slightly but it's still close to all time lows at the same time the government promises a plan to stop the u.s.
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freefall but fails to provide details that and the possible contagion effects on other emerging markets is making investors around the world increasingly nervous. turkey's president at all one has responded to his country's economic crisis with a plan to boost investment meanwhile the lira is in freefall and while the turkish central bank has announced measures to help banks weather the storm ordinary businesses already feeling the pinch. hit it in trade but my business is interrupted because i sell imported goods and therefore will date the prices today because the prices we pay for goods increased twenty hours and as a result of currency fluctuation. to. eventually people will be affected by that. hard work on the down from debt. and the central bank's proposals have done little to quell the markets the euro has hit a one year low against the dollar prompting some experts to warn of contagion. the
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fall has certainly been dramatic the lira has lost about forty five percent of its value against the dollar since the beginning of the year. that means it has become extremely expensive for turkish businesses to service loans to foreign creditors if the leeward tumbles further corporate debt could explode and some foreign banks could lose billions of their turkish boards default on loans. brand cost and the chief economist at i n g d of a cost the right has lost again today just heard it in the report forty five percent since the beginning of the year now the central bank is that provide liquidity and cut reserve requirements or took these banks but is that enough known to be not enough it's a like a band aid bit of capital injection make the level bit easier for banks but it to solve the crisis with turkey would need
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a structural solution which also includes the central bank but which would mean that the central bank really has to show that it is fighting inflation and not only providing band aid in the fall of liquidity so it's all an interest rate hike i think here i think what do you look for through the eyes of investors read on financial markets what do they expect they they expect to be a independent central bank which is fighting interest inflation which would mean for the interest rate hikes it is also financial markets which probably expect a government coming up with a clear pro growth oriented economic policies which are creating a friendly climate for foreign investors so that the foreign capital is not leaving the country because this is what is happening right now. we get that a lot recently that heads of government criticised their central bankers donald trump does that all the time as well is that a new trend that we're seeing there. it is a bit of a new trend as so many new trends i think also initiated by mr trump and we have
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the new trend in terms of that protectionism is better than free trade now we have the new trend that criticizing the central banks and putting pressure on central banks seems to be the new trend in europe i think we've made extremely good experiences showing that central banks do not react to political pressure remember the former e.c.b. president is a dazzling bear who once said that central bankers are like with cream the harder you beat them the tougher they get. it's also have you seen or heard anything from from the government that would harm investors' nerves i think right now there is still very little i think also investors are still waiting for for more to come from ankara and this more to come would really i think have to include really supporting the independence of the central bank showing that there is a pro growth oriented economic policies and you know it could still come but i
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think when you look at the day to day and market reactions i think this is still too little for the eyes of financial markets to to really feel relief thousands icici the chief economist of i and thank you very much. shares in german chemicals company by a have plunged ten percent after friday's decision by a us court to order monsanto which by a recently acquired to pay two hundred eighty nine million dollars in damages to a groundskeeper duwayne johnston who suffers from lymphoma claims his cancer could have been caused by his contact with one santos round up with killer the jury agreed ruling that monsanto should have warned buyers that the product could cause cancer believe thousands more claims could follow bias says the court's decision goes against overwhelming scientific evidence. by
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a as board monsanto in june this year for fifty six billion euros with the american agro chemical firm facing more than four thousand lawsuits in u.s. state courts and four hundred fifty at the federal level it's estimated the total costs of litigation for buyer could reach up to eight billion euros well that's reason enough for investors to be cautious although share prices showed some life earlier this year they perked up in june around the monsanto acquisition is lately been mostly down hill monday brought another plunge following news of the california jury verdict against monsanto with shares down twelve percent well let's bring in our financial correspondent only bats from frankfurt. only out there you are only shareholders are correct in assuming this will cost by a lot of money. well you know the shock that they showed today might be unwarranted
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in the end the scope might be exaggerated at the moment buyer wants to appeal this court ruling and they say that they have lots of scientific evidence contrary to what the jury found this week killer does not cause cancer but in the end you now have perhaps thousands of potential more cases and lots of bad headlines that are damaging to the reputation of the company and perhaps a stiff bill in the end but nobody knows that and this uncertainty certainly would on the other hand warrant such a reaction as there is today and warrants uncertainty and insecurity anxiety on the part of and on the part of investors in this very important question who was it was known before he was facing tremendous legal risks in that because he can be taught me why did buy go ahead anyway and why do investors seem to be so surprised today.
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i think buyer was just convinced that it could convince investors when push came to shove and they saw all sorts of advantages complementary products and regions and talk to right here on the floor when they came by to visit while the takeover was still emerging and going its way said that it is a perfect fit looks like a good future but the only risk are the legal ones and nobody could put a tap to that and now we have the situation and one just has to wait and see how this plays out it could be very serious in the end we know in the case of volkswagen for example how stiff penalties can be when u.s. courts and the government perhaps in the end put pressure. only balance in front of thank you very much. tesla's chief executive must. says he's in talks with saudi arabia's sovereign wealth funds and other
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investors to take the electric car make a private must set the saudi fund has been pushing to take tesla private and talks nearly two years ago last week mascot claimed on twitter that financing for such a deal had been secured u.s. market market regulators reportedly then asked the company to explain that clegg must said that since his twitter posts last week the saudi's funds managing director had expressed support for the deal subject to financial and other due diligence i. know that all your business is spectrum it out of tragedy and taiwan that's right a fire at a hospital in taiwan has killed at least nine people another thirty injured and investigation has been going just into the cause of the blaze the fire broke out on the seventh floor of a building which was used as a hospice for terminally ill patients. this was a ward for critically ill patients many who are bedridden they couldn't move when
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the blaze broke out hospital staff tried to remove them but for some help came too late. hospital officials say the victims included not just patients but also nurses and caregivers first responders raced against the clock to save those injured in the blaze nearly twenty remain in critical condition. the fire started early in the morning on the seventh floor of a public hospital in the taiwanese capital firefighters were able to contain and extinguish the place within an hour but its effects were devastating. sounds as though it wasn't on the minds of me it was unfortunate that the ward stalled was open when the fire broke out. as a result the smoke came inside up and. there were many mattresses made from polly your thing so the fine spread very fast and was relatively large as a result. the country's premier expressed his condolences. since.
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the fire broke out at the ministry of health and wealth atop a hospital and caused many deaths and injuries. i would like to apologize to patients family members and to society on behalf of the executive. office of the new unions i singled out this offensive. it's still unclear what caused the fire but firefighters say they suspect it could have been triggered by an electrical fault there have been nine hospital fires in taiwan in the past decade claiming thirty seven lives right now an investigation continues into the blaze and many patients who were already gravely sick are now fighting for their lives. another story for german journalism student who had to leave china shortly after he filmed the project and human rights david misawa was halfway through a lost as in journalism and beijing's fist to just sing qua university when he
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decided to make a video profile of a pro-democracy dissidents noir but david was detained by police while filming soon thereafter his visa was not renewed and he had to leave the country we hear from david missile in just a moment but first here's an excerpt from his video project which got him into trouble. in two days a lawyer in the people's republic of china but he's different from most other lawyers in the middle kingdom here are those whom the chinese state fears today he is on the way to see a democracy activist together with a fellow lawyer from selden china he represents you know me who has been in prison for almost twenty five years. seen continuously emphasis the freedom of speech and for the democracy party of china. for his her. father sure. trode incher. interesting.
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passionately. don't you count how. she's. joining me now is a dove admissable the german jews mysterious and who made the film we just saw an example of that welcome da vinci now why do filming outside the jail the police detained you what happened next next they took me to the police station close by they didn't tell me a reason they just took me on their car and then we drove for ten minutes and the police station then we went for three hours that in question is that is that it waits and then finally i could leave ok now but you can been warned by the head of your program at the university in beijing not to make that sin why did you still go ahead and do it because i think it's an important topic and especially out as far as we need to focus on this topic otherwise there is nobody who focus on these
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topics so i thought i have to do this especially after i did work on a lot of other topics during my bachelor's and master's in chinese studies i did something on tax reforms and a lot of other stuff so i thought now it's time to also focus on these no not that positive topics about china now after you made the fifth and the chinese authorities decided not to renew your visa c i did leave the country right yet so what about the others you sure in your project openly criticizing government policy i have learned about the consequences they might face. well i know that they are all fine because i'm still contacting what's. so are they they they they have no problems after that and one is like this if people are in public then the chinese government doesn't dare to just take them away to just put them into prison so that also might be some kind of help for them ok so in the public eye that the
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certain degree of protection is what you're saying thank you said that for you are journalism studies in china one experiment for you what do you mean by that well i wanted to see how do they teach journalism in china or is it similar to germany or not and what i see is like the teaching itself there are a lot of similarities but if you do sensitive topics such as items then they are not so happy about that so human rights is a sensitive topic there yeah absolutely if you do anything that is real to human rights i guess most of universities and. government department are not happy about that and what do you take away from the interviews which you had with the activists and their lawyer as well i think they are really brave these people are so brave because it's really dangerous what they do some of them get arrested and they still continue doing their work because they think it's worth it they think they need to
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fight for this more just china so that's the main thing i got to know during this research right jenison seared into david missile thank you very much for talking to each other and sharing your experience with us thank you. let me now bring you up to date with some other stories making news around the bond the german government says chancellor angela merkel will host russian president vladimir putin for talks this weekend but then the discussions are said to focus on the war in syria the conflict in eastern ukraine and energy issues the two leaders last met in may. it is calling on britain to take in more than one hundred and forty refugees picked up by an ngo run risk u. boat off the coast of libya on friday the aquarius is registered in the british territory of gibraltar tell the vessels crew say the ship is still at sea after being turned away by italy and mortar afghan
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military officials say at least one hundred troops and thirty civilians are believed to have died in fighting with taliban militants for control of the city of ghastly four days ago the taliban launched an assault on the strategically important city on the main highway linking the capital kabul with the south. turning out to mali where voting is underway in the presidential runoff after a tense election that was marred by violence authorities say a poll worker was killed by extremists in the north of the country and the threat of violence kept turnout low incumbent ibrahim keita is expected to win the vote the result is due later this week. strick checks at polling stations security measures are once again stepped up for molly's presidential election runoff voters chose between the incumbent president even him. and opposition leader
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. seventy three year old said he was confident of victory after topping the poll in the first round of voting. but many in the country were unhappy with the outcome. and. i'm a bit disappointed with how the first round went but unfortunately i don't expect much to change in the second round. the opposition are concerned about voter fraud demonstrating in the capital bamako at the weekend. plus many were unable to vote in the first round that's after around seven hundred polling stations were closed due to violence from armed groups but an opposition challenge to the result was dismissed by the constitutional court. northern mali as a haven for islamist insurgents they temporarily took control of the region in two thousand and twelve three years later a peace deal was signed with the government now monitored by un troops the german
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army is also involved but it's a fragile peace attacks are frequent. we need peace and stability in the country because our economic development social development everything at stake for mali cannot materialize without peace and stability. but. this will be the most important task for the future president. in football by nearly won the first piece of silverware of the new season after beating frankfurt in the german super cup the reading league champions were in unstoppable form of eventually winning the game five nil the result needed a happy return of binds near coach nico watch who won the german cup at frankfurt just a few months ago. returned to his old stomping ground in frankfurt and he
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was feeling the love. put on the pitch he was looking to defeat his former club. that the star frankfurt brought physicality and looked ready for the match but biron opened up the scoring in the twenty first minute the pass from yahshua can make set up robert levin a handy thing give byron in early and. then things got a bit heated between marco fabienne and goalscorer eleven dogs he told dave the perfect response again with this hand frankfurt goalkeeper frederick grunow looked uncertain neil buyer humbles was lucky not to get a red card for this foul on me. after the break byron took advantage again through the indoor ski to keep his hat trick i'm but byron work finished. added another to pour salt in the eagles' moon the bit. and then
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tiago added a fifth goal to seal the game. my. old one they probably won't give him such a warm welcome next time the wind is byron's seventh super cup victory. his recount the toughest thing feel. time anyone says his country's financial system is under attack after attack he can see kids knew the leader has not lost more than forty percent of his value against the u.s. dollar in the past year a definitive dispute that the u.s. has exacerbated underlying problems in the tech economy. that's it for me on the on the need to have been used more often i'll see that.
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