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tv   Business - News  Deutsche Welle  August 27, 2018 1:15pm-1:30pm CEST

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after months of slow progress the u.s. and mexico are reported to be close to striking a deal on renegotiating the north american free trade agreement laughter more matching your business round up with christoph over that coming up next here on do you have any. fighters want to start families to become farmers or engineers every one of them has a plan. so nothing is just that the children who have always been the lawyer and those that will follow are part of a new kind of. they could be the future. granting opportunities global news that matters d. w. made from minds. of good. during week
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africa. your link to exceptional stories and discussion from the news of easy to our website d w that comes much for joining us on facebook. for. a bar gaming marathon over the weekend and it's showing results of the united states and mexico are close to striking a fresh trade deal will talk about who had to make which concessions and the impact on global trade sentiment also on the program nissan aims for the chinese market with a new electric car but with local rivals well entrenched it has a lot of catching up to do. this is a business i'm crystal. u.s.
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and mexican negotiators are reportedly close to squaring away bilateral differences to update the north american free trade agreement nafta response to mexican peso is on the rise in monday trading disagreements between the two sides have been a major obstacle the renegotiating the deal which also includes canada u.s. president on the trump has been a harsh critic of nafta accusing mexico of using it to take away jobs from americans canada's top trade negotiator has also expressed optimism analysts say a new video could reduce the risk of a global trade war talks are set to resume later today. now one of the interesting issues of such a revamp to nafta deal would be to see how much ground the trump administration is . willing to give earlier i asked york crema sheaffer economist at combat's bank for his take on that. concern i had anyway expect that in the end we get an
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agreement because you have to see the u.s. companies especially u.s. car companies they have invested billions of u.s. dollars in mexico and i think they managed to make president trump clear that they don't want to write off these huge investments done by u.s. companies in mexico and therefore that's a strong economic incentive to come to an agreement and i expect the deal to emerge very soon however this does not mean that mr trump will also come to an agreement with china china is a geopolitical contender and china for many many years has treated us and all of foreign companies as a whole unfairly and they'll fall i think there's still a huge risk that in the end president trump will put tariffs on all imports from china and europe briefly how important for global trade would be a renegotiate nafta deal. i think this is a very important paulton signal which also supports my view that there will in the
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end be an agreement between the united states and the european union that means we we are not seeing a global trade war but we are seeing a trade war with the united states and china this is bad but better than a global trade war. chief economist at comerica park thank you for your insights. now here in germany a sentiment among executives improved significantly in august according to the munich based research group its latest survey of company heads shows that they are somewhat more satisfied with the current business climate germany's records trade surplus and the ongoing negotiate negotiations between washington and brussels to avert further friction trade have boosted sentiment this is the first prize following months of weakening business climate. now for more let's bring in our financial correspondent paul brett so standing by the frankfurt stock exchange paul sentiment among german business leaders is picking up what do investors make of it
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. yes indeed it is a positive sign and so surprisingly positive that the eco institute is even considering to raise its growth projection for the year in germany. the next is considered to be the most important gauge on germany's economy so that should now put worries that the economy may be slowing at rest what it does show is that how much german executives really rely on trade rely on explored because it is that automakers. as of now at least not basing in the tariffs on their products to the u.s. you know stay with the automotive sector tesla c.e.o. musk says the company is to stay public after all despite peddling different ideas in recent weeks how is the market reacting. yeah mask can't
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seem to calm things down there. sorry that there is a selloff happening actually here in germany where the company is also trading four to five percent the stock has has lost which may be an indicator of what is to come once wall street trading starts zigzagging you know has created doubts and pulling out of that privatization is not going to take care of the problems that must pass since the tweet and on august seventh that you put out claiming that funding was secured the f.c.c. as you see is looking into that claim and whether it actually had any fundamental basis so he could make that make that claim legally in frankfurt thank you. nissan has launched a brand new electric car model aimed squarely at the chinese market now the government there has been pushing mobility not least because of syria's worries
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about air pollution the new model will be built in china and the japanese carmaker hopes to gain a foothold ahead of foreign rivals but it might be the domestic companies it has to worry about. this is the first electric sedan that nissan has designed especially for the chinese market and it is now set to go into production in china a market in which no car maker wants to be left behind. as one of the biggest market. from the let me point of view we want people. who think we would have is how much we can move and i think there's a lot of. people who put their ball is what we have looked. like other global players meeson needs to produce electric cars in china to stay competitive on the chinese market they are the market is dominated by local rivals which have been heavily subsidized by the chinese government since beijing with
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lots rules on electric car makers earlier this year in a bid to boost development there's more room for foreign brands and it appears to be working g.m. and folks will also be launching electric car models designed for the chinese market this year. fox wagons emissions the scandal is far from over but to make sure it doesn't happen again u.s. government appointed lawyer larry thompson is keeping a close eye on the german car maker and his first annual report he's called for greater transparency at the company before it's about his lawyers don't want to share certain information with thompson who wants proof that the carmaker is complying with agreements made with u.s. authorities the w. admitted to the u.s. department of justice that it that she did authorities in costumers with manipulated diesel exhaust emissions data. construction work on a new b.m.w. plant in eastern hungary is set to begin next year the german car maker hopes to berger's one hundred fifty thousand vehicles in their per year the b.m.w.
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follows other big automotive powerhouses like mercedes and audi who had plans in hungary for some years now concerns about the hungary and government's disdain for the european union haven't faced them. just off the autobahn to budapest this four hundred hectare field is to be home to the bavarian automakers new plant and investment worth about a billion euros the german auto parts supplier came to debrecen more than twenty years ago attracted by lower labor costs but is that still the case is a low that no not because of the low wages it's the proven expertise of the people here our products are highly technologically oriented and the big advantage for us is the professional pull that we're able to draw on. the local man. proud of his newest corporate settler the german bottling machine
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manufacturer conus the company has invested forty million euros here perhaps political composure a president viktor orban has come under fire for his anti european policies but that doesn't seem to bother invest in. the city of debrecen and the region have a lot of potential i don't think investors come here and look at the unemployment i think they come because we have seventy four thousand students in our university. and that's what these german companies need a well educated skilled workforce but hungary's opposition parties have criticised b.m.w. z investment they say details of the one billion euro investment not transparent enough. we don't know how much it will cost for the taxpayers we don't know how many drugs discounts that we don't know anything about is the. government and these big companies including the b.m.w.
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makes these special discounts which are kept in secrecy. what about sheffler with its recent fifty million euro investment in a new production facility the industrial bearing company says there are no e.u. funds for such large scale projects. it's not tax exempt we got only state subsidies to cover fifteen percent of the total investment you also need . to make the location of debrecen more attractive the hungary in government is building a new technical college here it's intended to produce a labor force tailor made for the new industries moving to the city. the country has lots of the right hailing services and. was raped and killed allegedly by a driver of the popular right hailing service d.d. that sparked outrage on social media forcing the suspend its car pooling service it
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was the second time a passenger was killed this year the ministry said it would not. take the lives of their customers seriously. the world of business on christmas. thanks for watching. that's.
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how. long. this is going to be rocking the world for more than. three explain the secret talks success. public school. no most head. and arts twenty one special on arts and culture from india.
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the worlds of sound. creative types. critical voices. encounters with a new generation of indian artists on. sixty minutes on. earth home to millions of species a home worth saving. and those are big changes and most start with small steps global ideas tell stories of creative people and innovative projects around the world like to use the term the climate used to green energy solutions and reforestation. they create interactive content teaching the next generation about environmental protection and were determined to build something here for the next
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generation goldline theo's the multimedia environment series on d.w. . welcome to this special edition of topics but this time it's all about shock rockers the ramstein. we'll go behind the scenes of their video shoot and we'll also be looking back at their adventures on the big screen. in the news. we look at the ramstein phenomenon what makes them so popular what inspires them and how did they become one of germany's most successful rockets.

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