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tv   Business - News  Deutsche Welle  August 28, 2018 3:15pm-3:31pm CEST

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performed spectacular aerial stunts up there but it was thirty five year old the audience who impressed the judges most about thirty thousand spectators witnessed the grand finale of this year's world took. this is did every new still think on the show europeans to ban plastic bags to find out what is life like without plastic we look at one place that has already outlined them. well the right to. make your smart t.v. smarter with the d w four small to. what you want when you want it up to date extraordinary. to decide what's on sunday more than double tom smart t.v. . these creations. is brand
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understandable callard office icon of the. what do we really know about the man behind the car. what motivates him how does he think and feel good moments in the life of a great mission designer. on small. stuff that starts september ninth w. it's now up to canada as the u.s. and mexico seal a new trade deal the other partner in the trade pact formally known as nafta is tight lipped about whether it will sign on. also coming up plastic bags can be terrible for the environment and some countries have taken the lead to inviting them but it might not be who you think. welcome to do business
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now that the trump administration and mexico have reached a preliminary deal to replace the north american free trade agreement it's time to canada trump who's called the old to trade pact a job killer already said he can't imagine a separate to deal with auto and that's would mean the end of nafta. donald trump welcome the overhaul of the twenty four year trade pact as he suggested a new name for it is canada is not included. the state. says to do they should go in after what they call it the united states mexico trade agreement it will get rid of the name nafta has a bad connotation because united states was hurt very badly by now for many years and now it's a really good deal for both countries u.s. negotiators were pushing for a sunset clause requiring renewal of the deal every five years but the mexican side
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succeeded in adding a clause that would give it a sixteen year lifespan with the review every six years the two countries also agreed that seventy five percent of a product must be made in the u.s. or mexico to receive tax free status trump said a trilateral deal with canada is still possible but it's likely that ottawa will have to agree to new terms on the automotive sector he has put the car industry at the heart of his drive to overhaul the trade pact will start negotiating with canada relatively soon they want to start they want to negotiate very badly. but one way or the other we have a deal with italy that be a tariff on cars were will be a negotiated deal. and frankly a tariff and course is a much easier way to go but perhaps together would be much better for canada and we're looking to help you know we're looking to help our neighbors too we can help our neighbors that's a good thing that. the u.s. mexico and canada do more than a trillion dollars in trade between them annually so all three countries are hoping
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to finalize a deal. and let's get the european perspective on that story no crossing over to pal but it's element of the frankfurt stock exchange how well does the end of nafta mean for trade talks between the u.s. and the e.u. . well monica you could think that this is taken as a positive sign you know trump at least isn't all about smashing glass is actually about building something there is a plume prism for a limb and carries our agreement with mexico but if you see the dots behind me and you know it's not dancing of joy here and that's because there's still so much confusion about this deal is going to is kind of they're going to be a part of it or is it not and they're still don't know it's actually a recent study shows that seventy one percent of executives on both sides of the atlantic are still doubtful there and b. and agreements reached between the e.u.
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and the u.s. the u.s. however is pushing for that and pushing for a faster once a deal done before the. new parliamentary elections in may and a working group has formed and met for the first time that was certainly that would give clarity to both sides which isn't a bad thing but it's in prime could thanks so much. turning to india now the southeast asian subcontinent is expected to be the world's third largest aviation market by the twenty twenty five and naturally it's a highly competitive market especially for domestic airlines and the reasons are the indian rupee has declined around ten percent against the u.s. dollar since the beginning of the year at the same time fuel costs have been rising and also to stay competitive local budget kerry has continued to slash f.a.'s and as a result many have posted losses this year. now for more on the indian
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aviation market let's cross all right now to our correspondent. in delhi she's going to have you with us just tell me what role does the ad travel industry play in that interim or d.c. economic master plan make in india. has been something that prime minister modi has focused on a fair bit you know he unveiled a plan last year where he looked to bring millions more indians largely and smaller cities and small towns into the aviation market getting millions more writing commercial air airplanes and as part of that plan it was really a focused on a on economic fueling economic growth through refurbishing old colonial air strips and building new airports in some of these smaller towns and cities as well but what we've seen is that there's been a slow pace at sort of rolling out this this plan a lot of infrastructure issues which have meant that they're way behind on on what
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they wanted to do in that regard and and even with a lot of existing airlines at existing airports getting new routes approved many of those routes were approved by the government but airlines are actually struggling to to get them into operation because of existing logjams at these airports finding places simply to to land their planes at some of the bigger airports like delhi and mumbai so certainly there's still a lot of issues despite it being a focus ok it's a focus for which airlines i mean who is interested in india's aviation market. well despite all these challenges it continues to be a very attractive market i think largely just because of the pure size of it right and and the pure on tap nature of it with millions of indians still not using air travel it's something that even foreign airlines are interested in so you've seen the entrance in recent years of singapore airlines they have a venture here one of the domestic airlines which is
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a low cost airline based in malaysia they also have their operations here and even qatar airways earlier this year was talking about their plans for domestic airline in india but a lot of challenges that these airlines do face when they enter the market and and struggle to be profitable or even breakeven and just very briefly as she should with this main domestic carrier smaller ones. both domestic carriers have have been engaged sort of in a in a price lashing water for quite a long time so so the entrance of foreign airlines like that only means one two three more airlines to compete with so so it's an issue in that sense and also an issue of profitability just in terms of all the other challenges you know that we've mentioned in terms of the depreciating rupee the. high fuel costs and even high fuel tax here in india is an issue which is why many of these airlines both domestic and international are having trouble making money and you just saw that
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this week with jet airways which is one of india's biggest airlines posting a about one hundred eighty nine million dollar loss in the first quarter they say ok ok so there is a challenge there certainly as she's reporting there from delhi thank you so much. thank you. after four hundred years that's how long it takes for an ordinary piece of plastic to decompose the amount of plastic waste particularly in our oceans is a growing problem that many countries are taking a stance against the use of plastic bags but few have been as rigorous as kenya as fishermen peeled plastic bags out of the nets and butchers found remains of plastic bottles and picks and chickens the government reacted to production import sale and use of plastic bags all its banned. the country market in western ny robie is a popular shopping venue it offers nearly everything but no plastic bags which were banned a year ago shoppers can buy colorful reusable bags at each stand instead but they're
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ten times as expensive pair twenty cents each that's why many people bring their own bags along they've adapted to the change but not everybody agrees with the band including martin in dinner who sells. me any effect. even though the ban is to help the environment it's bad for my business. i used to sell my yams in plastic bags so they would stay fresh longer. now they dry out quickly like you know i. think it's day and yes. nearby there are piles of discarded plastic bags. people have simply toss them here illegally. nevertheless officials from kenya's environmentalists already say the back ban has been a great success if your bags are being discarded in public places and fewer ending
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up in fisherman's nets. at the beginning it was a talent available to continue to pack things but we were able to demonstrate over time know over the months that it is possible to carry on your own business and activities without it and therefore change of behavior that really. that just means that people have had to do. that has been positive. violators face a fine of thirty two thousand euros up to four years in prison so far nobody has been jailed but around a hundred people have been fined. one of the most vocal critics of the ban is the kenya association of manufacturers chairman's one hundred good guys the head of a company that makes product labels for the african market he says one hundred seventy companies producing plastic has shut down triggering the loss of sixty thousand jobs the timeframe given for those of six months was still short to make
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investment decisions and for people to reallocate resources and you're not given time to. invest as a face on certainty and this causes tremendous aftershocks for the manufacturers when a very short time span is given by our despite the criticism the environment management authority hopes that kenya sets an example for its neighbors as well this country is beyond africa. and that is your business update here on d w from watch out our website at developing the dot com of all us on twitter on facebook i want to johnsonville and thanks for watching.
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box this week on. your roma next. nine hundred sixty eight and i'm crying echoed around the world. young people rebelled against their parents' generation. it was an absolute dusty from the stupidity inclusion issues they demanded nothing less than a home society the world wide maelstrom of syria and violence with the vietnam war playing the role my generation watch could look for every day. our documentary takes a mile times those were members of. the first time i had
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