tv Business - News Deutsche Welle August 15, 2018 1:02am-1:16am CEST
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turkey asked conflict president and one blames washington for the leave last fall to boycott american products a wall street correspondent has the latest on the potential fallout. also on the show hong kong takes measures to clean up its not an electric waisting a project that would work throughout asia. or here in berlin the turkish president trichet type has warned his country will boycott u.s. products in response to what he calls make terrorism done by the united states friends to the trump administration doubling tariffs on turkish steel and aluminum the turkish lira a piece to be pulling back a little bit from record loss after the central bank took in the agency measures but rising prices are still hurting the people here is more
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president claims the united states has lira as retribution for ankara's detention of an american pastor on espionage and terrorism charges washington had already imposed sanctions on turkey and last week announced plans to double import tariffs on turkish elaman human steel since then the turkish lira has lost a quarter of its value there to one says it's part of a plot by the united states to devalue currencies globally meanwhile russian foreign minister sergei lavrov already predicts consequences for the dollar. i'm sure that this grave abuse of the u.s. dollar as a global reserve currency will result in the eventual demise of its role. well many analysts say that international concerns about it are ones economic policies are behind the leader as crash the turkish leader speaks of economic terrorism by
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washington and called on his country to boycott u.s. might goods already crowded it it really will boycott american electronic products if they have the i phone there's also sam song. you know the one has also renewed a cool for turks to convert their euros and dollars into turkish lira to strengthen the currency meanwhile analysts hope for the central bank to take action to restore confidence in the lira. in new york a financial correspondent has more on that story nice to see you sophie so is adeline's boycotts likely to have any serious of fact in u.s. companies apple for example was one company that he did target not really funny turkey is simply an important enough to american company especially not to big kompany fike apple the apple stock did not react at all in fact it was in the green the entire trading session so investors weren't worried
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about this threat in the end american companies and the american economy and the american president just have more leverage so it is an unequal fight if you. can a foot away were damaged in turkey then the other way around and we saw that last week when you brought up tariffs on steel and aluminum turkey is not in a strong position right now so the american tech companies these two p's companies that are a little more than favor raveling basically and the broader market even saw a little rally on tuesday with the stocks gaining on strong learning. an equal fight you point out but can things get any worse in this dispute. yes i would say so and the reason for this is adam one is not facing someone here who is actually trying to calm markets by taking a passive or cautious stance on things and says the white house is actually harming
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the already we can penetrate even more about it threatening more and more sanctions and tear of so the fall of the lira and the church economy are just collateral damage trump wants to see the pastor andrew brunson free and until he does not get what he wants in regards to he is going to raise pressure on turkey our very own social months to new york thank you very much. president nicolas maduro says that from now on then as well as chief he will will only be available to people of a special government aid card a so-called fatherland card for years to government of the academically of ravaged country has have only subsidized petrol to a voracious black market in oil of smuggles to neighboring countries like colombia and the caribbean and so now any driver a could fill the tank of a small ass-u. be nine thousand times for the price of a copy of a coffee and as well as opposition says the government's new fuel card is
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a tool for controlling people. it was a year ago that germany's second largest at the time ever and then had to file for bankruptcy the day of bridging loan of one hundred fifty million euros in tax payers cash the german government kept the ailing airline aloft for an x. two months critics of that move soon claimed the money was just a subsidy to aid but without air berlin but now airplane administrators say did no one will be repaid o.b. it slowly. it was a tearful farewell at the end of last october the last air balloon flight took off . the one second largest german airline was history after almost forty years and usually the german government had provided a one hundred fifty million euro credit after the insolvency in august of twenty
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seventeen to keep the flights going but quickly it seemed it was to win time not to cede air berlin but so that looked tonnes it had time to pick the best parts for its subsidiaries german and euro wings without having to take over all of their berlin including its personnel and contract. discount airline ryanair expressed an interest in acquiring air berlin routes and employees but just a short while later c.e.o. michael o'leary said what many air berlin employees were thinking. all we see is a succession of german politicians falling over themselves. to award the air burning to the fans are calling to fans a german champion and therefore because it's a german champion it should. be allowed to take over ninety five percent of the domestic market making it not just a german champion but a german monster who will increase the cost of air travel for millions of germans ticket prices did in fact go up at john's or right after air berlin's last flight
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thousands of air berlin employees faced an uncertain future both easy jet and the lufthansa group bought up air berlin's landing rights in airplanes employees had to apply for new jobs and were given inferior contracts a year after declaring insolvency it looks like taxpayers won't have to foot the bill according to insolvency officials the one hundred fifty million euro state created can be almost completely paid in full but it will take several years. now one of the side effects of technological changes that are electrical devices become obsolete faster and faster and that again is creating mountains of electronic waste a poison for the environment and it's also expensive to recycle all call has hired a german company to help solve its crippling electronic waste problem and they plant that could serve as a model for other recycling centers in the region. modern robot
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technology in this case it's not being used to produce devices but to dismantle them the hunk conquered ministration is paying the berlin company out of a 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 arises in hong kong is exported to third world countries . where it often gets disassembled in a very cold 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
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a large part disappears on the international waste market for a long time the metropolis was an important trance shipment center but that's all 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 maleo 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 is the both dick as soon as equipment is discovered that may not have been on the market in hong kong. for a little but may have been imported will we sort it out immediately and reported to the environmental authority. their employees can join in at any time by
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a 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. it was a great opportunity to take all the german technologies to be exported to this region because it's been recognised that electronic waste is a global problem and china has said it was a whole series of new electronic devices still it is a pattern in korea looking for an enhancement and right through the rest of the region right down to singapore weather also looking now to that happens quite a wasteland that. most of what remains at the end of hong kong's electrical waste goes back to the factories in the region where the next generation of electrical equipment is produced. all right and that's our business wrap i'll be back tomorrow same time same place thank you so much for watching.
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by. people who put big dreams on the big screen. movie magazine on d w. to a special edition of quito here on the show we're often asked what our personal favorite german films are the ones we'd recommend to friends so we thought about it actually spent months arguing back and forth but we think we found the top ten german dramas of all time our list kicks off with an early film from a director.
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