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tv   Business - News  Deutsche Welle  August 21, 2018 3:15pm-3:30pm CEST

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did you have news coming up ahead of what discounts you should in conference venue this year a new threats of unemployment and inflation still cause economy has investors worried more or more of them say the real problem is the country's president. then says it will have more on that story is that as a business user watching the devin used to stay with us if you get. a. good. earth. home tunes of species a home worth saving. which is on those are big changes and most start with small
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steps globally two years tell stories of creative people and innovative projects around the world like to use the term climate used green energy solutions and reforestation. they create interactive content teaching the next generation about environmental protection and more determined to build something here for the next generation globe learn to use the multimedia environment series on d.w. . go to. an independent fed you know rarely seen move the u.s. president criticizes the head of the federal reserve for raising interest rates but dull the dear. leader is huge losses the german chancellor rules out financial aid for turkey. and shane jens battery powered busses china shows the rest of the
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world how to switch to emo bill is a. big fizzle and let's do business the dollar is dipping us president donald trump has lashed out at the federal reserve he says he's not pleased with the central bank raising interest rates the fed is currently expected to raise rates two more two more times this year and another two times next year chairman jerome powell says he's concerned about inflationary pressures in an interview trump said he was not thrilled with the hikes he also refused to say if he believed in the fed's independent power said the committee will not bow to political pressure. in public the new pope is in frankfurt to give us the european angle on this story the president's normally don't criticize the fed but breaking rules it's nothing new for trump is it. well your thoughts some rules when you are
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the united states president you should criticize the fact you should also not doubt what your intelligence people from the f.b.i. tell you you also should not insult people on twitter but donald trump does not seem to know that i guess what he took over or he simply doesn't care well i guess he probably didn't really care we have heard him saying that many times that he accepts loyalty and he has been clear also throughout his campaign that he is in favor of a very weak dollar investors mostly in the united states called this latest interview in which he criticized the monetary policy off the fat as a complete no go institutions like the fed also like the european central bank here in frankfurt need to be completely independent and it is even more surprising because it was donald trump himself who appointed germany powell for the position of fed chairman his predecessor janet yellen wanted to continue to work in this position but did not extend her contract you know it's another unwritten law commenting on the currency as a u.s. president but just how we could dollar does trump actually want. well for the
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moment and you got what you wanted the dollar went down to a two week a low actually the euro gain strength that is right now is the level of our one fifteen dollars usually when we have to scenario shares here at the docks go down this way but not today analysts don't believe that this trying to set to continue and even though trump believes that we dollar is better for the u.s. economy also exports in the united states are warning that this could have a rather negative effect for the economy and the boom that we have seen lately could be stuffed with a very weak dollar and where the boom could be over you heard from dana cope in frankfurt thank you. the united states and china are preparing to meet in washington this week to talk trade the tariff dispute is making doing business in china even less appealing to many american businesses apart from paying extra duties on exports labor costs have been growing and regulatory compliance has become even trickier in some cases time to look elsewhere for over three decades
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american businessman larry slogan has exported millions of dollars worth of goods from china to some of america's biggest retailers but he's now reducing his exposure to china my next move is to. investigate opportunities in countries outside china. vietnam thailand cambodia. you see what i'm making in china can be made in those countries slogan tends to favor thailand as its new location he's impressed with the economic advantages for foreign investors there. no import export tax. and now no restriction on work release is. five to seven years no tax. no tax from the government so they have actively put in some ingredients so to
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speak people make it more entice same with so many new manufacturing possibilities across asia in countries that have more affordable tariffs and favorable tax benefits some companies exporting to the u.s. are now rethinking their made in china policy. german chancellor angela merkel says she sees no urgent need to offer financial aid to turkey the lira has lost forty percent against the dollar this year turkey's leader calls the currency crisis an attack on his country but experts say he's the problem. whether it's a bridge over the bosphorus a new stern bull subway system or an imposing mosque he's president richard no one is known for his began visions. the country's construction sector has traditionally been an engine of economic growth. but recent events have put the brakes on
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turkey's economy so his banks and companies have accumulated four hundred seventy billion dollars of foreign debt and as the lira plummets it's getting ever harder to repay the loans analysts say interest rates need to be raised to offset the liras rapid decline and they want the central bank to act independently of the government and believe the country should accept help from the international monetary fund something to one has ruled out. there is no difference between the direct attacks on our call to prayer and our flag and the attack on our economy the goal is the same the goal is to bring to heel turkey and the turkish nation to hold it captive we are a nation that prefers to be shot in the neck rather than chained by the neck. wave of bankruptcies could roll across the country plunging many families into poverty it could hurt and he's an economist at the conference university of applied
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sciences here in germany he says foreign financial aid would not stop turkey's economic decline it would be a really bad idea to make direct payments in order to support turkish economy i mean darkies problem is not liquidity problem there are structural problems inflation is too high and that interest rates are off the central bank are too low the chinese make a city of shenzhen has electrified its public transportation network sixteen thousand three hundred fifty nine. that makes it a global leader and the city doesn't want to stop there. these bus drivers are waiting for their shift to start and wait one ton makes his last check before he gets behind the wheel of his electric bus diesel is now a thing of the past. i've been working as a bus driver in cheyenne zen for twenty years i've been working for the city for
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eleven switching from diesel to electric buses was easy these buses are easier to steer quieter and better for the environment but diesel buses were loud and dirty. shen's end is china's silicon valley and has more than fifteen million inhabitants this is where most high tech companies are located incomes here are the highest in the country it's china's fastest growing city and has the most electric buses almost seventeen thousand of them that's not much less than the number of people who lived here just forty years ago now shines and aims to be china's showcase green city. buses are much better for the environment the old diesel buses weren't environmentally friendly they poison the air. i think it's great e-books is are just better if you save money and there's less smog. the city has built five hundred ten
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charging stations with eight thousand charging bays not just in shannon's and china is investing big in electro mobility electric bus manufacturers receive government subsidies a better tax rate and a seventy thousand euro bonus for every bus built there were no lobbyists in china only the party and that means eva says e-cards electorate will build the no matter what the cost. is three point five million vehicles most are in private hands and the municipal government is encouraging. as it insta buy and use electric vehicles so engines and there's a limit to how many cars can be registered but that limit does to ply two electric cars chansons electric buses illustrate china's policy concerning eve yukos they might not look much different but with quotas subsidies and incentives china is
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leading the way worldwide in switching to electric mobility. shares in electric comic a tesla remain volatile amid reports the major backer for taking the company private is pulling out the saudi arabian sovereign wealth fund that tests the c.e.o. musk said could help fund its privatization is now in talks to invest in aspiring rival lucid motors tesla shares dropped three percent on the news down more than twenty percent since musk tweeted his plans a fortnight ago u.s. securities regulators are reportedly probing the veracity of that end of the claim . and after more than a century behind bars the american food company biscoe is freeing its animals on boxes of animal crackers that is the popular bonham's animals nachas been sold since nineteen hundred two and pretty much the original box but an animal rights group has asked the basic ozone a model these for a new design that no longer shows the animals in cages now the new boxes feature
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elephant lion giraffe and gorilla or wandering side by side in a grassland with acacia trees in the distance also very realistic by the way this next namesake circus removed elephants from it shows a couple years back due to pressure from the same activists and the circus since closed due to slow ticket sales. never really liked circuses nice doing business with. young boys.
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it's nearly time to wake up. and set off. to walk the streets of l.a. market in the. gentle giants. brought to life by the arsonist also brought out into. the entire town is the best day. of your room next d.w. .
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in nine hundred sixty eight i'm crying because around the world. young people rebelled against their families generation. this was an obsolete dusty full of stupidity and cliches to see if they demanded nothing less than a whole society. wide maelstrom of euphoria and violence with the vietnam war playing the role of margin aeration watch the bomb war every day. our documentary takes a moment to smile tons of those marines. the members of relief for the first time had a feeling of being part of something means. you can't make sense of those events today . to suit. civil rights. peace movement. during this period. nineteen sixty eight the global revolt starts september first
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column d w. i may want to welcome to a new week of euro max with me your host megan lee from prolific productions to a lot of detail we've got a packed show in stores as a here's a look at what's coming up. gentle giants a renowned french spirit or group brings huge topics like. speed wheels and.

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