tv Business - News Deutsche Welle August 14, 2018 1:15pm-1:30pm CEST
1:15 pm
were injured in that instance. so are you news for no harvey i get this one is up next with more on turkey's financial and diplomatic turmoil and we're back with more news at the top of the next hour thanks for being with us. my first bicycle. something as simple as. i said. since i was a. student. finally the game. went through tons of people sewing machine sewing i suppose was more appropriate than writing a. woman back home. and social
1:16 pm
and informed. writes my name is the about of the who and. the. turkey escalates the ongoing conflict with the u.s.'s president ever the one threatens to boycott american products will this help ease the ongoing fears about the turkish economy. on the program we'll take a look at argentina and its very own currency turmoil as contagion from turkey could make currency problems and other emerging economies even worse. and of the first city in europe to be voted the most livable in the world and guess
1:17 pm
which one. it's time for business on b w m how you got together it's good to have you with us turkish president the rage of type and of the one has warned his country you will boycott the u.s. products in response to what he calls an economic terrorism done by the u.s. he's referring to the trump administration doubling tariffs for turkish steel and aluminum the turkish lira appears to be pulling back from record low sefer the central bank took emergency measures but rising prices are still hurting the turkish people. new stock at last for pharmacy owner bullet move to glue the relief among staff is palpable the lead us loss in value against the dollar has made some products like this medication to fight high blood pressure hard to come by. the first sign that something was wrong was that we were no longer getting discounts on large orders right now with our around one hundred
1:18 pm
types of medication you can no longer get the leader has plunged over the last few days leaving the people of turkey to watch in the spares their currency nosedives president present type of add on holds the united states responsible for his talk because of a trade war albeit one he says turkey will when the mood on the streets though is less defiant. i need to find this my child's education i don't know how i'm supposed to manage my pension is worth one thousand five hundred lire that's around two hundred dollars. ticket we don't own any proper see we live from our pensions increasingly we're offering ourselves if we're going to have to go hungry god help us. economist most of our sun mess things the government should step in immediately and increase interest rates. the country has to pay two hundred thirty billion dollars in foreign debt over the next two
1:19 pm
months. turkey won't be able to raise this much money with low interest rates if anyone at all wants to invest in such a fragile system right now in the end turkey will have to look for help from the i.m.f. . meanwhile things could get worse for people who move to. this customer has been looking for an importer druck all morning he's been told it's not available because of the dollar exchange rate and here they can't help him either. and a circus economy is unraveling there are fears that others could follow investors might get nervous and pull their money out of countries that might be affected next particularly at risk our emerging fast growing markets that have borrowed a lot of us dollars like argentina. almost thirty argentine pesos for one u.s. dollar that's
1:20 pm
a ten percent drop in value since last week the country's merivale stock index also took a hit the turkish decline is starting to show in south america's second largest economy . i think we will see six months of this complicated situation with a drop in activity high rates volatility in exchange rates and the level of difficulty in financial markets here. a graph scandal is putting additional pressure on argentine markets more than a dozen former government officials have been arrested for allegedly paying bribes to the construction sector the central bank amid all this hyped up its interest rate from forty to forty five percent in a bid to stabilize the faltering peso it said it would keep the rate at this level until at least october. now another emerging economy that is feeling the pinch of the turkish crisis is india which is also exposed to the current risks our
1:21 pm
business correspondent jeff jeff jeff chatted you rather is following the story for us in mumbai it's good to see you def now let's start with the basics if you will we have seen the turkish currency drag down the currency in india what effects have been felt in india so far. well. freefall and that is what in this thing in central bangkok it's going to lie and say it's ok then get it out is that america can get as under it is the interest rates by almost fifty basis points but what this stuff i'm quoting him not in giving dexterous is that in the last two days soon after the elite outlash their independence he was a star started flashing in the same vein the last two days and it's going to see is lost on most one house per cent of the uk that is one that i knew not which was so large and it really is a magazine get hacked into in the market and there in the uk and since january of this year india in the guidance has lost almost ten percent of its value and as
1:22 pm
a bank have spent already spends almost twenty four billion dollars just to protect their indian currency from falling for the. defterios in mumbai thank you very much for the insight thanks. thread to leave there because of the order of the line which was unfortunately not good enough. now the debate of the practicality of solar powered cars has been going on since the one nine hundred eighty s. but now a group of german students reckon they've cracked a german startup has taken advantage of the unusually sunny weather to test the final development of the charging system a fit zion car it's an all electric vehicle with solar panels to top up the battery as you drive. this little car has come a long way since a couple of students built a prototype in their garage. the project was the brainchild of a group of university students in the southern german city of munich in twenty
1:23 pm
sixteen they launched a crowdfunding campaign and raised nearly a million euros to build the car the munich base to start up so no motors unveiled the final prototype of busy on in july last year. so. we've cleared the entire shell with solar panels meaning on an average sunny day in munich we can generate up to thirty additional kilometers of range and that means for us and the community that we are able to significantly reduce the intervals when the car has to be charged particle most likely that it's income. that added range should any fears about reaching the next charging station before the lights go out and the team at solar motors have made the design practical. it should be a car that can be used every day and has a large trunk space with six hundred fifty liters where everything fits in like
1:24 pm
a pram or the shopping with a tow bar it can also pull a trailer over all i have a comprehensive car which is very simple without frills. and is the z. on affordable well the first models are expected to hit the market for just sixteen thousand euros plus the battery cost around four thousand euros the company says some seven thousand cars have already been preordered and will be produced by the end of next year. one other side effects of technological changes that are electrical devices become obsolete faster and faster creating mountains of electronic waste that is poison for the environment and expensive to recycle hongkong has hired a german company to help solve its crippling electronic waste problem with a plant that can serve as a model for other recycling centers in the region. modern robot technology in this case it's not being used to produce devices but to dismantle them the hong kong
1:25 pm
administration is paying the berlin company three hundred eighteen million euros over a period of ten years the company has to read the city of its electrical waste. a lot of the material that arrives in hong kong is exported to third world countries. where it often gets disassembled in a very full state and that's one of the principal concern we should not be exporting. like. hong kong is not only one of the richest and most consumer friendly cities in the world it's also one of the largest producers of electronic waste every hong kong resident throws away almost twenty kilos of old electrical appliances every year most of it's collected by small businesses some products are resold as used equipment but a large part disappears on the international a waste market for a long time the metropolis was an important trance shipment center but that's all
1:26 pm
about to change every hong kong citizen can have their garbage picked up by alba free of charge the manufacturers have to pay the bill mario should so supervise the planning and construction of the plant with its one hundred forty employees he's not only had to make sure the garbage was disposed of properly alba must also ensure that electronic tracking makes it possible at all times to trace which devices land where. dick as soon as equipment just discovered that may not have been on the market in hong kong. but may have been imported. we sorted out immediately and reported to the environmental authority that. their employees can join in at any time via camera the plant is considered to be the most modern in southeast asia and will soon be able to recycle two thirds of hong kong's electrical waste but when it comes to the company this is just the beginning.
1:27 pm
before we go the austrian capital of vienna has been ranked by the economist as the world's most livable city it's the first time a european city has led the annual survey by the economist intelligence unit. and almost perfect score of ninety nine points out of one hundred each year one hundred forty cities are ranked by living standards. this year's ranking sees melbourne australia dropping to second place after being voted the most livable city for seven years in a row. so i guess we'll have to. feed
1:28 pm
1:29 pm
to friendship. too long. we don't only drink when we're thirsty. but how much is pleasure. and what are the risks of. the research is surprising. drinking our topic in tomorrow's edition sixty minutes on d w. great yourself. interior design channel on. every journey begins with the first step and every language the first word i look into nico is in germany. why not born
1:30 pm
37 Views
Uploaded by TV Archive on