tv Business - News Deutsche Welle August 17, 2018 7:02am-7:16am CEST
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as u.s. china trade tensions rumble along a shaft of hope as the two sides say they have lined up low level talks for later this month. one a stumble intrapreneur comes up with a novel idea to help save turkey tumbling in iraq and a question about the border between the u.s. republic of ireland and the u.k. snow and i won't have a larger for the people all live there. how it will come to business news some funny for char here in berlin and wall street surged to news that china and the u.s. will hold low level talks later this month in a bitch to resolve their escalating trade dispute chinese markets and currency have suffered losses in recent months with investors thought by washington and beijing says tit for tat tariffs here is more. the chinese economy has lost steam in recent months washington's tariffs have put a damper on investor sentiment since the last trade talks between beijing and washington in may the shanghai composite has declined more than ten percent and the
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you wan has been falling to the chinese currency has slumped over the past few months it has fallen more than eight percent against the greenback since last may but the u. once fall has also helped cushion the effect of tariffs by making chinese goods cheaper that is another sore point for washington which has repeatedly called on china to strengthen the yuan and it's also demanding beijing to make concessions to lessen its trade imbalance with the u.s. so while these law level trade talks are welcome news analysts warn that it may take some time before the two countries come to a truce. all right our financial correspondent selfishly landscapes tending bar for us in new york selfie talk is cheap does anyone expect anything to come out of this . well yes one in charge might be cheap but investors are making money with this talk the market was in a rally mode all thursday because this is
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a modest breakthrough that's the phrase i read a lot today and i think it is a good way to put it of course this is nothing hard and vestas could actually evaluate what a wall street is all about emotions and how investors feel about the future and i feel like some are seeing their hopes coming true in a way that strategy of threatening and being tough on trade partners seems to have worked trade partners or trade disputes have been taking a toll on the country's economies not so much on the american economy and this way trump could literally bend their will and now china amongst others has lost some of their leverage and so the u.s. could come out of these talks on top of the situation and then interview only on thursday top economic adviser larry kudlow said talking is better than not talking but the timing of these talks is crucial and investors seem to believe just hit the sweet spot in regards to timing right and then what comes out of the talking of
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course now i've been reading that there. are results u.s. consumers in spending mode is that right. yes absolutely funny and that by the way contributed significantly to the three digit gain off the dow jones as wal-mart was up more than ten percent in intraday trading it seems that wal-mart may see the best price fight against mighty amazon is not lost yet wal-mart's a remarkable growth in its online business forty percent last quarter and they also have a strong guidance so this is an important development for this retailer so thank you so much for your analysis. that you know a bridge collapse has sparked concerns about the structural integrity of roadway infrastructure everywhere many key bridges and roads in europe are decades old built to outdated standards and now carry out a much heavier traffic load than when they were built. it was
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a road bridge collapse that occurred two years ago in germany and it suggests that a tragedy like the one in general could happen here as well. the roadway writ like a piece of paper twisted steel suspended in air ruins piled at the foot of the structure it was mid two thousand and sixteen a forty meter stretch of an autobahn bridge collapse near the town of very thick in the southern german state of affairs fortunately the bridge was closed at the time of the accident an isolated incident or is german road infrastructure as questionable as italy's german experts warn against complacency. missiles but we have to tell you where that germany is not in a much better position in terms of infrastructure quality because the country has a giant investment gap in this area there's a shortfall of seven to ten billion euros annually in transport infrastructure and that's been the case for years so it's getting worse in germany endorsement.
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meanwhile tax revenues are pouring into the country like never before meaning the money is there to bring bridges and streets up to standard but many local administrators have pared down on personnel meaning shortages in planning and expertise the fetus will be many tal you know the question in italy or in germany is it about whether private firms build or maintain infrastructure that can only happen when the state makes it happen in germany we have several hundred bridges that are in disrepair and where the state is responsible but not taking care of it for three years he has all him because experts say that there's a lack of ability to think far enough in advance and to employ the expertise needed to keep close tabs on ongoing projects. turkey's finance minister barak of iraq has assured international investors that the country will emerge stronger from historicity crisis and this thing its banks are healthy and strong and while there is no denying the perilous position of the near or at least of iraq can rely on
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support from some very unusual quarters. as the lire struggles at all time lows many turks are rarely in behind president everyone's calls to exchange us dollars for local currency one is then ball restaurant to sit upon his own novel scheme to rescue the lira. the aim is to support the state and support the government therefore we launched a campaign to offer one portion of free fish and bread to anyone who converts one hundred dollars or more to. the restauranteur came up with the idea in partnership with a nearby foreign exchange office and the idea seems to be getting popular support from his turnbull's phish fans. of course i support these campaigns to protect our currency i believe that everybody needs to be sensitive to this matter as foreign currency rights have risen these days but today we didn't have any dollars left to convert us. think it sounds fishy some might say it's simply good
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publicize the for this popular restaurant the turkish lira hit a record low this week now forty percent down this year air to ones influence over monetary policy and a bitter dispute with the united states have spooked investors sparking turkey's worst currency crisis in two decades. now and the future you x. thermal border of northern ireland has become a central problem in the bronx if. companies in ireland are increasingly concerned that so far no solution is inside the free movement of people and goods. the bay of carlingford that separates the british province of northern ireland from the republic of ireland in the south a ferry service began recently. about three thousand passengers take the daily sea route between the irish republic and the british territory. the tourists enjoy the
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landscape. but for commuters it represents a convenient shortcut. we used to ferry here to go to work in a sidebar to the sea with an eleven and ought not to have to trade west managed to achieve sauce maybe forty five minutes and it brings in a lot of tourism into the north side and down the coast along the sea the shoreline from here so it's it's very very handy yes. it took more than ten years for the ferry company to overcome all the pure credit hurdles and finally start. now the private operator is worried about brakes it. right now there are no border controls between the two neighbors but nobody knows if it will stay that way. there's been a vast improvements in business a vast increase talks at a local restaurants the butchers the hospitality providers the supermarkets all of
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them are seeing an increase in economic activity and the introduction of any level of hard infrastructure to borders would be completely contrary. would be quite ironic in actual fact. people in the coastal town of carlingford are also worried during the bloody period of troubles in northern ireland between the late one nine hundred sixty s. and nine hundred ninety eight few tourists dared to enter the border region. now the place is a popular travel destination tourism has since become the most important source of income there. of a hard border was coming in might scare them off or they might want to come this far because of troubles in the past but we're seeing a lot more in common this far crossing the border like the giant's causeway and became a trauma massive at the minute obviously with the with the series in america so if a hard border was coming it would be detrimental to the tourism business people in the border town of kill kill in northern ireland are also benefiting from the
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growing tourism. sam hamilton runs a hotel here. she's following the bridge negotiations very closely. custom controls would directly affect his business. most of the company's every by far our best and the best in the south you know where for a lot of wholesalers our business size helped up was up here which we did well so you know. that it was it's the uncertainty that the ferry operator fears the most no one really knows what will happen next year it was for most irish just over two years ago it was inconceivable that their island would ever be divided again old. thank you very much for your company but. i highly recommend all social media to you check them out and kind of for them thank you very much because all. the
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to choose brand distinct objects color. got this icon of the fashion. look what do we really know about the man feet high and the dark shades what motivates them how does he think and feel private moments in the life of a great fashion designer during some small. start september night w. . big fun beethoven. his work and that god is for true not. the maestro and famous. beethoven finished twenty. fifth the tempo of technology. the rhythm of the markets.
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the momentum of the work. made in germany. your business magazines on d w. it's all happening coach of fit. your link tunes from africa and the world. your link to exceptional stories and discussions can you unload some stupid new suffocating program tonight from one gemini from one use of easy and one i would say be debited close the traffic come join us on facebook t w africa.
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