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tv   Business - News  Deutsche Welle  August 19, 2018 1:15am-1:30am CEST

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this is the devaney news from then from we can always go to our website that the deputy to call for the latest news and information around the clock i'm headed home for an imbalance thanks that the company. cannot go out and they will not succeed in dividing us about not succeed in taking the people off the streets because we're tired of this dictatorship. taking the stand global news that matters. made from mines. the following. reliable data to. distant fourth place sixty.
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automotive. drive. the turkish lira has lost forty percent of its value this year and the effects can be felt nationwide it's a catastrophe for turkey's population and the economy the already high inflation rate is getting even worse imported goods are getting more expensive by the day if there are even to be found new stock at last for pharmacy on a brilliant move to brew relief among staff is palpable the labor is lost in value against the dollar has made some products like this medication to fight high blood
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pressure. hard to come by it was. the first sign that something was wrong was that we were no longer getting discounts on large orders you know right now there are around one hundred types of medication that you can't get. the lira is plunging practically by the minute leaving the people of turkey to watch in despair as their currency nosedives president erred on holds the united states responsible for his talk is of a trade war albeit one he says turkey will win. that the mood on the streets though is less defiant. should listen the typical good of the less i don't know that i need to finance my child's education i don't know how i'm supposed to manage my pension is worth fifteen hundred lire that's around two hundred dollars one hundred fifty tickets and we don't own any property we live from our pensions more and more we're asking ourselves if we're going to have to go hungry god help
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us. and everyone continues to threaten trump with tariffs against us products like apple smartphones. he implied that turkey is ready to go to war even with critics in his own country. social media use it in the their economic terrorists on social media the judiciary has taken measures we are pushing them with the capital market support and we'll impose the necessary punishment once we seize them they are all traders most. everyone is also warning turkish business owners not to declare bankruptcy but many businesses still have to shut their doors closed shops like this one have become common places across many parts of the stumble finding a new tenant will not be easy despair is mounting as turks wait for their government to introduce confidence building measures and stabilize a currency in freefall room
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a sidestep making the rounds that uncorrupt will put the brakes on currency exchanges all freeze private assets uncertainty looms over the streets here and panic isn't so far away economist mustafa's in mess thinks the government should step in immediately and increase interest rates. the country has to pay up to two hundred thirty billion dollars in foreign debt over the next two months. you 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. well he said. quote. for tourists these days turkey is a shopping paradise. the fall of the turkish lira so prices tumble. that is if you're paying in europe or dollars. there are long lines in front of
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luxury stores like this one. but for how much longer. this steel plant in eastern germany exports ten percent of its output to the united states the high end material produced here is used in the oil and chemical industries. so far u.s. president donald trump's tariffs have had little effect on the company's sales in the u.s. that's because the special i still made here is hard to come by on the american market but the twenty five percent levy has had a major impact on prices when. we have no alternative but to keep passing on the cost of the twenty five percent punitive tariff to our customers. i know it kind of it's because our american buyers can't source what they need on their domestic market. they have no choice but to absorb the increases. so e.u.
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firms producing niche products remain in a relatively comfortable position it's a different story for companies making cheap steel for industries like construction u.s. customers can find those producers at home. foreign trade expert focus the air sees an even greater danger of countries like south korea india or china which have sold lots of cheap steel to the usa so far now need other customers. to have it it's been in india it was they won't be able to sell as much to the us now this will lead to a diversionary effect meaning more will make its way to europe and that's ok as long as the economy's doing well but overall when we look at things we can see some very dark clouds gathering in the skies of the global economy. and. managing director of into hogger even expects that the punitive duties could trigger price
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dumping on the entire european steel market at the latest when the economy no longer runs as expected and demand collapses. well it's over this is our method of preparing for this is simply to keep an eye on the costs we're taking a close look at our processes here we invest in our melting technology the rolling technology to become more efficient and to survive in the price war also in the future that's. dark clouds are not european steel makers haven't yet given up hope that trump could still be convinced to drop the tariffs pressure to do so could even come from american consumers angry about having to fork out twenty five percent more than before. the german economy grew by zero point five percent in the second quarter. unexpectedly strong despite international trade conflicts. experts see the strong domestic economy which is supported by both
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private and state consumer spending as the driving force. investments have also increased. the italian government blames the motorway operator out just about a petty tahlia for the bridge collapse with at least thirty nine dead in genoa and wants to revoke their license interior minister south criticised that the company had collected billions of euros in tolls but did not use the money as planned the government is considering fines of up to one hundred fifty million euros. vienna has replaced melbourne as the most livable city in the world at least according to a survey in the british magazine the economist each year it compiles a ranking of one hundred forty cities assessment criteria our standard of living safety traffic and stability this is the first time a european city has led the list. modern robot technology here it's not used to produce devices but to dismantle them
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the hong kong administration is paying the berlin company out of a three hundred eighteen million euros over a period of ten years the company has to rid the city of its electrical waste. a lot of the material that arises is exported to third world countries. where it gets disassembled in a very cold day and that's where the principal concern we should not be exposed to . life 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 is collected by small businesses some products are resold as used equipment but a large part. disappears on the international waste market for a long time the metropolis was an important transshipment center but that's all
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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 and mario shows or supervise the planning and construction of the plant with its one hundred forty employees he not only had to make sure that the garbage was disposed of properly album must also ensure that electronic tracking makes it possible to trace which devices land where . is the boat you need to take as soon as equipment is discovered that may not have been on the market in hong kong but may have been imported we sorted out of mediately and we reported to the environmental authorities who for. the stupid enough. to. their employees can join in at any time via 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
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a great opportunity for the german technology to be exported to this region because people recognize that electronic waste is a global problem and china has said it was the whole thing that the new electronic bike facilities the patent career looking for an enhancement and right through the rest of it we can walk down to singapore where they're also looking at two it happens quite a waste of time and. most of what remains of 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. robots are learning to implement increasingly complex processes more and more independently sometimes the humans are left behind. that. these little guys won't be competing at the next world cup just yet but they do
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help students to program complex tasks just the hottest so you have to program the movements then make sure that the robot with its cameras can recognise and distinguish things for this you need a lot of programming knowledge and feehery and then you have to consider a lot of other factors. you know and. training specialists are only one part of china's ambitions in robot development the world robot conference in beijing is also a showcase for local industry they want to be world leaders not only in singing and dancing but above all in industrial robots. made in china twenty twenty five is the strategy to make china the leading nation in robotics. the most of all but we have to be careful that we continue to maintain the leading role that we certainly have at the moment in europe and especially in germany that
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we can keep it alive. robotics will be one of the driving forces of the economy in the coming decades china and europe agree on this the only question is who gets away from whom and that was your business week in review. nine hundred sixty eight the end of the rocks. on august twenty first one thousand nine hundred sixty eight the reform movement came to a bloody end. warsaw pact states led by the soviet union invaded czechoslovakia. the dream of socialism with a human face was crushed tanked. next county to. your imax this week's highlights.
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dancing in the wind. indoor sky diving is the new trend. living without walls or roofs a very special kind of hotel experience. eating in heaven gourmet cuisine for those who aren't scared of heights. you're romantic in sixty minutes on d w. staying up to date don't miss our highlights. program online w dot com highlights. his creations. his brand tom state of colorado fest icon of the fashion. book what do
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we really know about the man behind the dark shades what motivates him how does he think and feel private moments in the life of a great fashion designer on a song smashes come out of bed start september ninth w. . prague wednesday august twenty first.

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