tv Business - News Deutsche Welle August 21, 2018 7:15pm-7:30pm CEST
7:15 pm
one of the highlights of the night jennifer lopez performing a medley of a hit songs before accepting the ben god of water on the rink a lifetime achievement. many of the big prices went to women this year but with a few exceptions rock star was the song of the year the foam to sing a post malone who later rocked the stage with the legendary band aerosmith. but is up next if. only. they make a commitment. they find solutions. based in stronger.
7:16 pm
africa. stories for both people in a different shaping their nation playground their continental chunk of africa. stories about motivational change makers taking their destinies into their lives splayed d.w. multimedia series food for god. dot com. the leader is huge losses the german chancellor rules out financial aid for turkey the turkish president doesn't want help from abroad anyway. and independent the u.s. president criticizes the head of the federal reserve for raising rates the dull addicts . and change in battery powered balances china shows the rest of the world to
7:17 pm
switch to emo billet. i've been physical and let's do business 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 an istanbul subway system or an imposing mosque turkey's president went to tie up and one is known for his beak ambitions. the construction sector has been at the forefront of the country's economic development . but recent events have put the brakes on turkey's economy. turkish banks and companies have accumulated four hundred seventy billion dollars of foreign debt and is the value of the lira plummets it's getting ever harder to repay those loans
7:18 pm
. turkish president ratchet type eridu one has ignored calls for interest rate hikes and rejected any notion of a bailout from the international monetary fund. experts say a multi-pronged approach is needed to tackle the country's economic problems. turkish business and investment in the environment need structural reforms labor market reform fiscal reform education reform all of the forms that are this is a city to cope with the challenges of the twenty first century in the digital age so they have to be priority. ordinary turks are ready feeling the pain prices are rising rapidly and there are fears that a slowdown in business could trigger massive job cuts. in germany some politicians have raised the prospect of offering turkey financial aid but economists say such
7:19 pm
a move wouldn't get to the core of turkey's problems. it would be a really bad idea to make direct payments in order to support turkish economy i mean turkey's problem is not liquidity problem there are structural problems inflation is too high that interest rates are off the central bank are too low. for now the turkish president appears did. turman to stick to his existing economic policy mean while two major credit rating agencies have downgraded the country without a concrete plan of action in turkey could be on course for an economic disaster. the dollar is dipping falling for the fourth day in a row u.s. 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 its keep rates two more times this year and another two times next year
7:20 pm
chairman jerome powell says he's concerned about inflation rate 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 independence powell said the committee will not bow to political pressure. kind of cool because in frankfurt to give us the european angle on this story now presidents normally don't criticize the fed but breaking rules it's nothing new for trump is it. well here thought some rules when you are the united states president you should not criticize the fact you should also not doubt what your intelligence people from the f.b.i. tell 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
7:21 pm
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 moment and he got what you want at the dollar went down to a true 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 the we dollar is better for the u.s. economy also exports in the united states are warning that this could have
7:22 pm
a rather negative effect for the economy and the boom that we have seen lately could be stopped 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 tariffs is making doing business in china even less appealing to many american businesses apart from paying extra judi's on exports labor costs have been growing and regulatory compliance has become even trickier in some cases it's time to look elsewhere for over three decades 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 is to investigate opportunities in countries outside of china. vietnam thailand cambodia.
7:23 pm
to see what i'm making in china can be made in those countries slogan tends to favor thailand as a new location he's impressed with the economic advantages for foreign investors there are. no import export tax. pieces in and out 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 speak that will 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. the number of employed refugees in germany has risen by half a cording to official figures three hundred thousand refugees have been hired since
7:24 pm
arriving at sa from two hundred thousand a year ago young and well trained migrants have the best chances of finding work learning german also remains an important job requirement job and employment agency says the crease in blocking refugees is a sign of successful labor market integration but more than half a million refugees are still registered as job seekers. three decades after german reunification there are still differences in pay and working hours between the two pots in the east people put in an extra seventy five hours more on average per year in comparison to their counterparts in the west and annual gross wages in western germany are almost five thousand euros higher than in eastern states that's according to dun her from the statistics office the purchasing power which includes the costs of living for rent and food is often better in eastern germany the
quote
7:25 pm
chinese mega city of shenzhen has electrified its public transportation system sixteen thousand three hundred fifty nine says 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 hunter han 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 and shuns in for twenty years i've been working for the city for eleven switching from diesel to electric buses was easy these buses are easier to steer quieter and better for the environment the 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
7:26 pm
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 iba says are just better if you save money and there's less smog . the city has built five hundred ten 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
7:27 pm
only the party and that means says e-cards electoral bilby no matter what the cost . shines and that is three point five million vehicles most are in private hands the municipal government is encouraging red. 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 doesn't apply to electric cars sions ends electric buses illustrate china's policy concerning eview goals they might not look much different but with quotas subsidies and incentives china is leading the way worldwide in switching to electric mobility. that's if they get that equated up doesn't business with it see you again very soon here on t.w. my colleague helena humphrey will be up next we're going to expose it updates about .
7:28 pm
7:29 pm
outgrowth of. three thousand next. in a nine hundred sixty eight l. crime echoed around the world. young people rebelled against their parents' generation. it was an obsolete dusty full of stupidity and cliche conceived they demanded nothing less than a home society the wanted maelstrom of conflict and violence would be a moment our pledge to roll up my generation watch to become war every day. our documentary takes a look a lot of times those who were here members of. the first time had
7:30 pm
a feeling of being something. means of those events today. assumes a civilized. peace movement among. his peers. nineteen sixty eight the global revolt starts september first on d w. play welcome to both three thousand this week we had to brazil announce plagues by most ski turnbull and disease that can these insects be mended homeless . in romania we.
50 Views
Uploaded by TV Archive on