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tv   Business - News  Deutsche Welle  September 8, 2018 7:02am-7:15am CEST

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work longer retire later the russian government is pushing ahead with an extensive pension reform and many russians are taking to the streets to protest against the changes also on the program the petrel was meant to say venezuela's ailing economy half a year after the cryptocurrency was announced we ask why is it nowhere to be found and the mountains of plastic waste are polluting the environment and now a danish brewer has come up with a fresh idea to repack their six pack. this is the dog of business i'm christopher kohler well come the russian ruble has been hovering near a two year low against the dollar due to sanctions and overall concerns about emerging economies now the slump of the currency is adding to russian's woes as the government recently announced an extensive pension reform starting next year the retirement age will gradually increase ultimately forcing people to work much longer the reform was announced during the football world cup when demonstrations
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were prohibited now russians are taking to the streets. ah what pot putin is a thief they call out because they're afraid for their pensions women are supposed to work eight years longer men five years the life expectancy isn't that high in russia only sixty seven point five years for men according to the moscow school of economics about a sixth of men don't even make it to the pension age complicating matters many older workers can't find more work. reasonably question i would have somebody should wherever you go to look for work they pay particular attention to your age it's easier for younger people to find employment if you can be any of that we might think that at fifty it's already difficult if you already have a job before that you can work until you're eighty but if you lose your job after fifty it's very hard to find a good new one which includes. a pension is a critical source of income for many often their only source maybe for some people
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was it. or was it comes in small for sensitive into music. but. you also can russia may be near for pollution in sport. and from europe to. point a few more than eighty percent of russians are opposed to the pension reform in recent months thousands have joined protests and not just on the streets two point eight million people have signed an online petition rallies are also planned for sunday when many russians vote in regional and community elections. from russia to the united states the trump administration may be fighting with its trading partners but u.s. companies companies seem unimpressed with the pace of hiring quickened in august and wages grew at their fastest pace in nine years overall businesses added more
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than two hundred thousand jobs last month with the unemployment rate at three. point nine percent the u.s. economy is considered to be at full employment the u.s. federal reserve has said that on the such circumstances it would continue to raise interest rates. now for more let's cross over to our wall street correspondent scored against which affected the markets more on friday the jobs figures or donald trump's threats to potentially hit all chinese imports with tariffs. yeah the story that us president on a drum actually might impose more tariffs on china that was really the big story here on wall street and at some point good chips lost a good one hundred fifty points in value even if we could recover a little bit when the market closed but what would it mean if u.s. president on a draw really wanted to kick in another two hundred sixty seven billion dollars in tariffs that would mean that basically more or less all goods imported from china
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will see a tariff and as we are learning maybe even some apple products might be involved so that was the big story here on friday night and let's take a look at tesla shares plunged today that as for this footage emerged of. smoking pot in a web cast any connection there. oh well certainly investors were not too happy about those images and it has not been the only miss said from musk in the past couple of weeks there was this flip flopping about taking his company taking tesla private then he insulted on a list that he had called told called someone a pedophile and now this whole wall street investors are quite concerned if musk is really still the right person to lead tesla and then on top of it the head of
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bookkeeping quit his job he wasn't even a month so all of that old saw was one reason why the stock dropped by more than six percent so we have executives leadership leaving the c.e.o. in the headlines for what often seems the wrong reasons meanwhile tesla is still far away from reaching its own production goals what do investors make of tesla these days and going forward. well they're still probably have a good product at hand even of gold. for example analyst earlier this week said that competition is increasing also from german car makers and this goldman sachs analyst is saying that the stock could drop even in additional twenty five percent of seoul just within the next six months so it is certainly a crucial time and the stock of tesla just in the past month has lost about one third in value against court in new york thank you. british airways has apologized after the credit card details of hundreds of thousands of customers were stolen
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their alliance as a criminal attack compromised around three hundred eighty thousand payments made between august twenty first and september fifth the carrier has promised to reimburse customers for any financial losses they suffer falling following the day after. a check in on the petro venezuela's new crypto currency reveals it's nowhere to be found the reuters news agency says that after four months of research it has yet to identify a business or institution accepting it president nicolas maduro introduced the petrol with great gusto in february and cryptocurrency is like bitcoin we're still riding high in venezuela's bolivar was mired in hyperinflation the current value of the petro also. now for more let's cross over to our correspondent oscar schrank or he joins me from caracas osgar the petro was announced half a year ago now it's nowhere to be found it's not used for payment or traded what
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happened. well what happened to that i threw is what happens with most of the announcements made by the government they just don't follow through or change a long way since there was announced a change from being a token on furia to a choking working on names launching so it's not a cryptocurrency to talking in june to superintendent of the cryptocurrency was fired and replaced with one that does not talk to the press and to this day there are only twenty six prints or actions with the petro which are probably just tests because it hasn't changed since it was launched so it's no surprise governments like the us restrict their use of the us for writing actions that restrictions aren't really necessary because we are no transactions to date and that what the government saying about the situation well under government has actually angered the new minimum wage to the self-imposed cries of the beggar which is about sixty dollars which is an increment of thirty five times more than the minimum wage
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last month so the consequences of a three thousand percent rates into the federal has been catastrophic for businesses and workers last month we saw massive amounts of layovers that close this is unable to pay the wages taxes and fees so for the government the bit there was a tool to impose more political control over businesses by offering buyouts and takeovers of these companies now venezuelans have been living in crisis mode for months now there is a shortage of food medicine and other everyday necessities is the missing petro a topic amongst them. well not really there but it was light and intangible but with the rapidly sebring question many people are clear that this is the minimum wage will have to work at the end of the month. or worried about finding some who are always going to think this way at this point because money has lost its worth in the streets just a good example of prosecutorial hand today is the same as the possible tonic and
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last year or so when as well as are worried about tangible problems then the letter which can't be bought through good or accepted anywhere. but as it does come to currency the petro nowhere to be found all scotland are reporting from caracas oscar thank you plastic as a problem a huge one millions of tons of the stuff are polluting our oceans and endangering wildlife more and more companies are slowly becoming aware that we can't go on like that and are trying to get rid of on an as unnecessary packaging danish or calls burke the world's number four in the sector has now come up with a fresh idea of how to repack their sixpack. it's a six pack with a twist carlsberg calls it the snap pack and the name is supposed to say it all these journalists were among the first to get their hands on one and it worked as promised but it's not just convenient it's good for the environmentalists normally
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you would see such a sixpack there's a lot of. but this is wrong this was out almost any question. here this kind of feeling. clicking as well as all. you have it ready for serving the danish bird says gluing cans together will reduce the amount of plastic used in multi-packs by up to seventy six percent and that could mean they were duction in global plastic waste by more than twelve hundred tons alongside the original in copenhagen harbor and it's made out of plastic waste one hundred thirty seven kilograms worth the amount of brewer says the snap pack will save every hour of the wood six why not. that wraps up our show if you want more and check out our social media feeds or our website that's t w dot com slash this from our thanks for watching africa.
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we've. been to one official estimates more than one point two million venezuelans have in colombia. already have
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a welcome welcome while i return to. to visit friends is that i don't think i'd ever go back there to live you know what i live there again i don't know so i'm not sure. bearing witness global news that matters the total made for mines. entering the conflict zone with tim sebastian faulks coming challenging those in cars asking tough questions demanding answers. as conflicts intensify i'll be meeting with keep players on the ground in the sun doesn't. cutting through the rhetoric holding the powerful to account facts of the conflict zone. conflict zone within sebastian on t.w. . birth place home to of species. own words if you can. get those are big
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