tv Business - News Deutsche Welle August 24, 2018 7:15pm-7:31pm CEST
7:15 pm
kenwright saying their titles. all right now you're watching the news we still have a lot more to tell you about including the head of the u.s. federal reserve says he'll continue to raise interest rates of the economy remains roebuck's the robust as despite pressure from president donald trump to keep their rates steady ben we'll have that story and a whole lot more coming up right after this. run betoken. his work goddess fortuna. the money should be. gone twenty. her first day of school in the jungle. the first clearly listen.
7:16 pm
then doris granger moment arrives. join during a taping on her journey back to freedom. you know where interactive documentary. will run in the rain to tame returns home on d w dot com bring it tangs. who's in charge at the fed these days powell well the president raising rates is the issue when drug powell says he'll hike them if necessary. working women at the new york stock exchange could there be a new wave of competition for all those made in suits. and unions in africa stand up to chinese construction companies accused of exploiting their work has. been physical and let's do business it seems like they're both fighting. control of the
7:17 pm
u.s. federal reserve drug power is in charge but don't trump hasn't kept quiet as most presidents would about his distain for interest rates but powell isn't taking it lying down at an annual gathering of central bank is in jackson hole wyoming the fed chief signaled that he expects to continue raising interest rates if the american economy remains robust powell also said the fed needs to balance maximizing employment with keeping prices stable let's bring in our financial correspondent in frankfurt he is very interesting watching these two having these indirect a very public squabble about how to run an economy especially when trump was the one who had and power wasn't me. yeah exactly i mean when he decided to nominate powell and let janet yellen the previous has to go donald trump could not praise his candidate enough and now this what he has said is really like an open
7:18 pm
criticism of his own candidate by the way powell was way more careful today he did not criticize the u.s. president openly trump is war you have to remember that that for interest rate hikes could harm the boom off the united states that we have seen lately and he wants the dollar on a lower level now just some weeks before the mid-term elections in november trump needs mostly one thing and that is good half line and trump might be a good deal maker or a good real estate guy but many economists actually say that the weaker dollar on the long term would not be even good for the economic growth and right now it's looking good in the united states unemployment in the u.s. at a record low of only three point nine percent just the inflation rate with one point nine percent is not making exactly the requirements of the federal reserve ok but the dow is also looking good today what else can we expect from jackson hole. well paying attention to the jackson hole to the meeting there has become a tradition for fed watchers lots of topics which have
7:19 pm
a big influence on the world markets are on the gender from the dollars strength or weakness to tears and we have to remember policy relatively new in office even though he has been with the fast before still not many are sure what exactly expect from this man so every comment off him will be analyzed in detail and certainly also from us ok expect the unexpected then you'll go up for us in frankfurt thank you. many still associate wall street with white men in suits but with the first female stock exchange president in the two hundred twenty six year history of the n.y.s.e. things are about to change meet the youngest full time trader on the world's largest stock exchange. the trading floor of the new york stock exchange now world but still dominated by men among them one of the few full time female traders lauren simmons i think my story is really special and unique because one i'm the
7:20 pm
youngest on the floor to i am female and three i am minority laura moved from a time in the state of georgia to new york she studied genetics but has always been fascinated by numbers she's specially grateful to the people who opened doors for her at the new york stock exchange power in finding the new york stock exchange was through a mutual colleague of mine and i knew right then and there that i wanted to do it because numbers is a universal language it connects with everyone the only made sense to come down here she'll never forget her first day at the world's biggest stock exchange. i passed my test i got my badge and i was able to ring the bell so that is going to be in my heart. not many people even the men on the floor can say that they rung the bell and i got to do that and. i'm speechless her family and friends were concerned at first but but soon changed the first time i tell anybody that was
7:21 pm
a trader on the floor my mom is very supportive of any and everything that i do i think her only caution to me was how many women work there. but again the community down here is amazing them in really want to see the woman down here flourish and have a successful career so that completely diminish as soon as i got down here working in a man's world she's learned one thing in particular. the important thing that you should be doing if you want to get a look is making your voice heard and i quickly learned day to hear on the trading floor that if they're going to listen to me i need to be one of the loudest like they are who jump at the. changes buying and selling stocks for investors a job that she thinks other women are capable of doing too but i think people are scared to go outside their comfort zone only going to be the only one i'm only going to be the only minority and i think getting more diversity having more people
7:22 pm
that look like you and i or you know other people that you know don't have representation you're going to see the shift in how people respect people completely different and i think when people get out of their heads and just go after what they have a passion for whether that is being in finance and being you know completely surrounded by men you're going to see a lot more women taking risk in and being you know there being more stories like mine lauren hopes to inspire other women with her story so that more women will make their voices heard on the trading floor. official figures out today show germany's governments from the national to the local level recorded a surplus of mumbai forty eight billion euros in the first half of the year and produced a surplus of two point nine percent it's also the country's biggest surplus ever recorded in the half year amid a very slight rise in spending but the why difference between income and spend is
7:23 pm
likely to lead to new coals for increased public investment in things like schools and infrastructure trading partners especially the us have been critical of the german supper's saying low public spending keeps wages and prices down and makes german exports more competitive than others. around two thousand chinese companies do business in africa raw materials are the main focus and africa is a huge market for chinese products so creating the necessary infrastructure to mine results is also sets up the ideal supply network for something to customers but the africans doing all the hard work say they are not being treated right. cruising through kenya at one hundred twenty kilometers an hour the new rail line between the port of mombasa and the capital nairobi went into service just about a year ago it took twenty five thousand kenyan workers some three years to build the initiative and finance behind the whole operation a chinese construction company local construction workers all working for chinese
7:24 pm
companies throughout africa but unions are becoming increasingly critical of the working conditions. a large number of africans working for chinese companies have no legal contract. we g.'s are usually below the legal minimum and increasing number of workers complain about racial discrimination kenyan rail workers are lucky the line is being extended from nairobi on to the ugandan border their union was able to fight for clear regulations working hours wages and holidays are all now written into their work contracts but work regulations for entire sectors or regions are still a distant prospect only very few african workers are as of yet organized in unions . now asia correspondent linda holmes joins us from singapore then to how much is this a case of exploitation or just badly organized unions. well you know most african
7:25 pm
nations are just at the start of their economic development and jobs are already usually quite difficult to come by let alone for unions to fight for say wages as well as good working conditions and live in union usually it's a form of civic engagement in which western donors all with an businesses are usually more keen to participate or let unions take part of and china being part of asia well doesn't even have in it at the labor unions in the country so this means that chinese firms on really used to dealing with labor unions labor rights and relations and this is perhaps why chinese firms operating in africa are often accused of violating international labor laws as well as the national laws in the country spent so are we going to start seeing the chinese out of africa if the unions get their act together. well in africa it's actually africa
7:26 pm
itself it's actually a very important part of the one belt one row initiative and this is a key geopolitical initiative announced by chinese president xi jinping in twenty so tina and this is actually the silk road economic belt and it seems to be a platform for international cooperation as well as to build more if a structure connecting geopolitical and global countries all together and it's very important important for africa's infrastructure as well as the construction firms and. estimated africa's infrastructure gap is the wrong ninety five billion dollars us annually so africa actually forbes quite a key part of this and china will likely have to work on it especially when it's cool looking to globalize and it seeks to work with more countries so rushing out its labor relations would likely be important as well as the other trade complaints that we've heard off so far. from both sides thank you linda.
7:27 pm
ryanair is to start charging passengers for taking hand luggage on board for november it will cost between six and eight euros to put a bag case of up to ten kilograms in the overhead bin in house becomes as the irish budget ebeid faces increasing pressure of workers conditions and recent months strikes across europe have triggered the cancellation of thousands of flights on and says the new charges will prevent delays as few of bags will have to be tagged during boarding. as in business with.
7:28 pm
more. than abandon the construction site in istanbul. this is where zane of tuesday nolan once lived. she and her neighbors were driven out by the state for two years they've been homeless waiting in vain for the apartments promised to them. construction crisis in turkey who will help the victims. next d.w. .
7:29 pm
we make up oh but we want tons of debt and a budget but we are the seven seven percent. the one to shape the continent's future. are you enjoying being youngsters testing share their stories their dreams and their challenges. to seventy seven percent of these platforms officer john. lehman brothers ten years on a story of ambition greed and megalomania. we also claim. the rate cuts were. coming basement bankers goldberg ourselves was the first on. everybody was wrong or wanted to we knew the reality of
7:30 pm
the whole thing might blow up in the face of a system that spawned out of control. over the world and it comes. to the crunch investment bank lehman brothers start september thirteenth on t.w. . hello and a very warm welcome to focus on europe i'm sorry so much condo turkish president. says his country is facing an economic war and he's pointing the finger straight at the u.s. earlier this week two men were arrested after shooting at the u.s. embassy in the turkish capital no one was injured but the attack comes as a dispute between the two country.
56 Views
Uploaded by TV Archive on