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tv   Business - News  Deutsche Welle  August 29, 2018 1:02am-1:16am CEST

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thank you. now it's up to canada the u.s. and mexico agree to revised trade arrangements the other partner in the trade pact warmly known as nafta remains tight lipped about whether it will. also coming up plastic bags it's terrible for the environment and now kenya has taken the world's toughest stance against them with up to four years prison time for using one. this is your business update on how to have free in berlin glad you could join me the u.s. says is still hopes to find common ground on trade with canada after reaching an initial agreement with mexico under new look now after the u.s. president is pressing canada to accept new terms for the way car imports a tax if not the president says he'd happily leave also out but that comes at a cost mutual trade between the three nations totals more than a trillion dollars annually canadian prime minister justin trudeau said he would
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only sign a revamped north american free trade agreement that is good for his country. he pledged to defend canada's dairy farmers and said progress had been made on terms for the automotive sector his negotiating team is back in washington to hammer out a deal. we are in the process of renegotiating near with our southern neighbors and we're pushing hard to conclude an agreement that is win win with a modern and progressive agreement that is in line with our values and our ambitions and that will benefit not only canadian businesses but all canadians u.s. treasury secretary steven minutia and believes washington could strike a trade deal with our world this week was everybody said their markets are very intertwined so it's important to reach an agreement you know this is a complicated to graeme and there's lots of things in here that are all new i would
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think again it would be very much on board with stronger intellectual property stronger protections for modernizing the agreement so i'm hopeful that the open issues with canada can be resolved in this country still without a deal us president donald trump has threatened to impose tariffs on canadian made vehicles but that could weigh on the automotive sector on both sides of the border because the neighbors rely heavily on each other's components if talks with canada are not wrapped up by the end of this week trump only plans to seek approval from congress for the bilateral deal with mexico. let's get the latest from a financial correspondent stateside u.n. school is on the story from new york and ends with her from the u.s. on this story what about canada in all of this can we expect them to acquiesce so easily. well trade representatives at least in washington believe that canada is far more dependent on the u.s.
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than advise worser and to a certain degree there is some truth to that about seventy five percent of all experts from canada go south the border meaning to the united states of the trade balance between the two countries is almost even but as canada there is. a far smaller economy they do depend more on the u.s. and then the other way around is that will actually lead to an agreement as we've seen it was mexico on monday remains to be seen. talking trade unions the u.s. trade balance numbers are out and i don't think they like he's made the president specially happy all they. know donald trump won't be happy when he sees the figures or on the other side he might find another argument for his tough a trade negotiations so the trade balance actually increased the deficit increased
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by a good six percent and reached the highest level since february but to a certain degree there is a good reason why america why the u.s. is importing much more than they're exporting because the u.s. economy is really strong at this point are we just on tuesday got new figures on consumer confidence sitting the highest mark in about eighteen years there was the strong u.s. economy it was stronger consumers was an unemployment rate at almost a fifty year old people by more consume more so it's also the strengths of the united states so why people. buy more and import more so there is in that sense a positive reason why the deficit increased by so much financial correspondent yens kota thanks very much. adding to his criticism of the press u.s. president donald trump on tuesday said his eyes on and you enemy the internet and
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social media in a series of tweets the president complained that google search results for trump news would only show the reporting a fake news media wondering if that might be a legal trial went on to quote he had a very serious situation that will be addressed later trump singled out google facebook and twitter during a presentation at the white house. yeah i think google is really need to take advantage of a lot of people and i think it's a very serious thing and it's a very serious job i think what google and what others are doing if you look at what's going to twitter. if you look at what's going on in facebook they better be careful because you're you can't do that people can't do it we have committees we have literally thousands and thousands of complaints coming in and you just can't do that so i think the google inquiry room and facebook they're really treading on very very troubled territory and they have to be careful it's not fair to launch
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portions of the population that. when it's on a what steps or what kind of regulation is considering against social media companies now gemma foreign minister says propose an alternative international money transfer system to help circum navigate u.s. sanctions against companies doing business with iran he believes the u.s. controlled swift banking system could pose problems for companies trading with iran against u.s. wishes after nine eleven the u.s. gained access to the swift database income want to all those transactions in the past weeks many large german companies like diana and deutsche of bonn have either stopped doing business in iran or have tried sticky key states. and had of brakes it british prime minister teresa mayes only hunt for new markets outside of the european union including in africa on her first official visit to the continent and in between showing her adults moves in the cape town they said
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she wanted britain to become the g. seven biggest invest in africa overtaking the us pledging around for the whole of billion euros by twenty twenty two may also said britain would work with african nations to tackle insecurity and migration by creating jobs from south africa may heads to nigeria and kenya. like oh that plastic cup he set your coffee from this morning and like a threw in the garbage it could take up to four hundred years to decompose the amount of plastic waste particularly in our oceans is a growing problem many countries have taken a stance against the used to plastic bags for example but few have been as rigorous as kenya that so much as using a plastic back could see you handed prison time. the country market in western nairobi 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
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are ten times as expensive about 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 indiana who sells. really affects. even the band is to help the environment it's bad for my business. i used to sell my yams and plastic bags so they would stay fresh longer. now they dry out quickly like you know i get back but j.c. don't think it's day and yet that. nearby there are piles of discarded plastic bags. people have simply toss them here illegally. nevertheless officials from kenya's environmental authority say that 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 people have had to do. that has been positive. violators face a fine of thirty two thousand euros or 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 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 chops the timeframe given for those of six months was to short to make
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investment decisions and for people to look reallocate resources and you're not given time to plan investors face uncertainty and this causes tremendous aftershocks for all manufacturers when a very short time span is given. despite the criticism the environment management authority hopes that kenya sets an example for its neighbors as well as countries beyond africa. or the italian pilots union a n.p.a. c. has approved a collective labor agreement with ryanair off the back of an earlier deal with irish pilots last week a large majority of the more than three hundred ryanair pilots in italy approved the agreement after eight months of negotiations that ensures better job security and pay conditions strikes by ryanair pilots across europe have led to the cancellation of hundreds of flights in the past to us. that
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you're up to date with the latest from the world of business for more find us on facebook follow us on twitter at d w business there as well at hello to see how free is mine i'll be back tomorrow same time same place see them. cut cut cut cut cut cut cut cut cut cut cut cut cut cut cut.
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quadriga international talk shows it's been a tumultuous week in german politics and europe resolved bitter divisions over migration the government of the said stead into the abyss could friendly fire from president trump to defeat one of the strongest military alliances in the streets going oh my god something to say on quadriga. more to go on t w. would have been fighting for the case taking seriously in the world no one cares what's come out women strong dug the superhero. smartarse smart statement the legend frank recently dangerous time for w.v. foremost. we make up oh but we want tons of office the under
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educated we are the civil service and. the want to shape the continent's future to. be part of enjoying african youngsters as they share their stories their dreams and their challenges. the seventy seven percent of the platform for africa charge. lewd mood. hi welcome to a new edition of kino film magazine today we've got three stories of big city life and german youth and a biopic on a rebel that inspires all the children. on the set.
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