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tv   Business - News  Deutsche Welle  September 7, 2018 5:02am-5:15am CEST

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ready to strike back if washington goes ahead with another round of tariffs on chinese goods china will retaliate and farmers in the united states could be hit hard also on the program a luxury fashion brand will stop using fur and no longer destroy items it cannot sell and a weak lira and rising costs are putting pressure on turkish publishers which are adapting quickly to say if. this is your business i'm crystal kober welcome this time it's a twenty five percent levy on two hundred billion dollars worth of goods the united states is poised to move ahead with another round of tariffs on chinese imports it would be the latest measure in a dispute that is hitting businesses around the world including american farmers many of which voted for president trump now u.s. meat corn oranges and cotton are all facing chinese counter-terror.
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last summer the m barger family farm in virginia faced a bright future thanks to china wholesalers there wanted to buy its beef in huge quantities that's what they told farmers set on barger when he went on a business trip sponsored by the u.s. government to beijing. potential buyers they were they were very excited they wanted to be frightening and they wanted to go ahead and sign a contract they wanted to make a deal that day but that all changed when china imposed retaliatory tariffs on american products over the summer after the u.s. imposed its tariffs china imposed thirty seven percent import duties on beef and at such high prices the chinese prefer to buy elsewhere like in canada the farmers there are the winners of the u.s. is trade disputes and it's not just china european companies are also increasingly buying leach grain and other ira cultural products here the reason is simple. the
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terrorists that you're placed on u.s. corn twenty five percent tariffs that would be the main driver that would then make u.s. corn more expensive thank you navy and forests barger family has passed down its farm from one generation to the next but now it's under threat from those tariffs. and to think that it could come to an end and. the fact that it would end at the fifth generation is it's hard to swallow sometimes for the family now hopes that the u.s. government can come to an agreement on tariffs with its trading partners as quickly as possible. cryptocurrency as have been falling sharply for the second day in a row bitcoin dropped nearly ten percent standing in slump and dragging down rival cryptocurrency it coin accounts for more than half of the digital currency market several financial firms have pulled back from cryptocurrency this year in part due
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to concerns about government efforts to step up oversight of the sector. now for more let's bring in our man on wall street yes court against crypto currencies on nosediving give us some more background on what's going on. you know what one of the main reasons for this current crisis of cryptocurrency is comes from goldman sachs the u.s. bank actually decided to drop plans to start trading desk on crypto currencies and that really got those coins going south just within twenty four hours within two trading sessions so to speak coins were down by about twelve percent and. another crypto currency got hit even harder by about twenty percent just within twenty four hours so there were times when many said crypto currency is worth the next big thing in finance are they still saying that
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well the hype has already vanished quite a bit different look back pretty much a year ago because for example stood at about four thousand dollars apiece and then they went almost up to twenty thousand by christmas and then the high started to fade and now we are good six thousand dollars so the hype is to a certain degree over but that does not mean necessarily at the end of two cryptocurrency some of the big changes here in the united states are also working and trying out ways how to deal with crypto currency and so it's not the end but certainly the hype is has vanished quite a bit in the past couple of months already but corn and other currencies under pressure against quarter importing from wall street against thank you. version always is reporting a data breach of personal details on three hundred and eighty thousand payment carts personal and financial details of customers who booked flights between august
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twenty first and september fifth or stolen the data breach effective customers making bookings on the company website as well as on the mobile app british airways says travel and passport details were not taken the airline advisors anyone who believes they may be affected to contact their bank or payment card provider and that it will settle claims on an individual basis. and staying with the aviation sector more than four billion airline passengers worldwide took to the skies in twenty seventeen that's a new record according to the international air transport association a trade group for airlines carriers offering more flights to more destinations and a growing number of people can afford them asia posted the strongest growth but it was also high in europe despite the bankruptcies of several carrier.
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britain's burberry fashion house says it will stop the controversial practice of burning millions of dollars worth of overstock products to preserve its high prices and up market image the move could signal a growing awareness of social responsibility and other ethical issues in the luxury products industry burberry also says it is phasing out real fur from its product range that has been long a demand of animal rights activists. say. the. primary is responding to years of unflattering protests on the part of activists who condemned its use of animal for years but the fashion industry is also in the doghouse for a host of environmental and ethical issues particularly the practice of destroy the old stock burbery could hardly afford to spend afford. luxury addresses for shops and sumptuous interiors if its products end up in the bargain bin of the other side
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of town last year it destroyed over thirty million dollars worth of unsold goods but many were shocked. i think these fashion brands these lifestyle brands the know the consumer tastes are changing and the sharing of ostentatious wealth may still be a factor in people buying these goods but he still wants a green backing to what they are doing they want to make sure that this wealth is not showing off at all costs. burberry says it now sees the sense to this and pledges to reuse recycle or donate all the products in the future. the company is now following in the at the footsteps of other brands such as first saatchi gucci and stella mccartney suggesting to many that the fashion industry is truly turning a corner. the world's largest wind farm opened thursday off the coast of north western england the wall makes tension and eighty seven the wind turbines to an
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existing wind farm creating enough power electric electricity to power six hundred thousand homes projects by danish from our state it is located twenty kilometers off the coast britain's more its largest offshore wind market. now a trade dispute with the united states has been undercutting an already weakened turkish lira which means everyday items are more expensive in turkey last month prices rose by almost eighteen percent is the highest inflation in more than fifteen years so turks are forced to pay more for everything from groceries to gas to electricity also for the magazines they wait publishes are barely getting by. le monde is one of turkey's oldest satirical magazines and it's got a problem it's been shrinking not its staff but the size of the paper itself. most paper stock is imported to turkey the lear is down seventy two percent against
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the dollar in the last six months making it much more expensive publishers are forced to cut back. last week it was a quarter of its normal size this week it will back up to a half uncertainty now hangs over the publication. this industry is dependent upon imports these costs are excruciating besides even if you can't come up with the money paper suppliers are not eager to take the papers out of their storage because it's not clear what the price will be in two hours when the. readers have more urgent needs meanwhile and even those are often out of reach. we used to buy eggs for ten turkish lira now at sixteen i can't make eggs i can't afford eggs for breakfast. future doesn't look bright for these and. i think we already passed that threshold of being shut down again and i believe
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that le monde is turkey's longest lived satirical magazine but for the future we don't have a projection to. usually go to the most it is. no laughing matter for a funny magazine. starbucks has become a common sight around the world over the last thirty years but it hasn't ventured into the motherland of espresso and cup which you know until now that is the us coffee chain has just opened its first outlet in italy store melanne is aimed at an upscale market starbucks is betting that premium coffees will win over customers in the country or in the press so as a quick and inexpensive daily routine it comes as starbucks plans to close one hundred fifty u.s. branches in the coming year because of a slowing market there. and that wraps up our show if you want more do check out our social media feeds our website that's d d w. all of you dot com. now thanks for
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the company you're back at home are. staying up to date don't miss our highlights. program online w dot com highlights. the fighting for the taking seriously in the world of work
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here's what's coming up women's talk. for fear of women smart talks smart state and legend frank recently dangerous time for me for my. son beethoven. his work. as for tonight. the maestro and fish. twenty. two and. the world population is increasing the climate is trying to it's getting warmer and there are going to be more and more places where you cannot row critics no problems we have to fix this. the way to do that is to use the modern genetic modification methods to make
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better crawl it is a lot safer than anything we've done by traditional kinetic modification you take one gene you know exactly what it is you put it into another plant and we come out exactly where it's gone i think we will be able to provide enough food for people by twenty fifty if we can make faults the will grow under seventy arid conditions this will achieve a much greater stability in the food supply that we have at the moment.

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