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tv   Business - News  Deutsche Welle  September 11, 2018 7:02am-7:16am CEST

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the diesel very little finally reaches the german courts a test case against false start is now underway b w loses it could be forced to face billions of euros in drought. and argentina struggles to stay afloat but what does the plunge of the past so mean for people who've been banking in dollars for decades. also coming up to do just golf oka bash has been heavily polluted by the country's phosphate industry now the e.u. is stepping in to help with the treaty. is the business. the german city of folks wagners headquarters of course has begun examining whether the comic should have told shareholders sooner about the emissions cheating scandal that might open the door for compensation payments bus and opening comments the
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judge said most of the claims might be past the statute of limitations in other words too much time has passed to consider the complaints. inside these folders are the file sizes of investors are pinning their hopes on the documents could be instrumental in persuading the court to either accept or reject the notion that folks not knew about emissions testing in the us years before informing shareholders. peers had the plaintiff's lawyer and they are still buying klein his case to the media recently and. all the hot under german law is what's required to communication central information to investors and the markets we are firmly convinced that seat of you should have told markets insulations in june two thousand and eight because they would not managed to use the technology required in the united states to say we can't do it these of you didn't join with us and. the v.w.
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emissions cheating scandal broke on september eighteenth two thousand and fifteen in the days that followed the company's share price plummeted on september twenty second b.t.w. issued a warning to its shareholders the company maintains that in this matter at least it acted according to its duties. indeed it's before stay in for our point of view this case is only about whether folks dogmatic obligation to inform shareholders in the markets that we're convinced that this is the case. isn't about sort of the stepfather the courts ruling isn't expected until the end of next year. u.s. trade officials say they're hoping to reach an agreement to lift some trade barriers with the european union by november the comments come after a meeting between e.u. trade commissioner to senior monstre and u.s. counterpart. ties between the two have come under strain with the u.s. threatening to impose import tariffs on e.u. cars while the latest talks suggest the two sides could be ready to remove tariffs
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on some industrial products months from set that last week that quote profound disagreements continue to exist on trails. it's not as cross over to new york correspondent has a how is standing by jose that sounded like the trade dispute between the e.u. in the us is on the way to being resolved at some stage but what about china. as it is there for now it seems there are three tensions between the wall very two because it colonies are not easy in any time soon on monday china promised that retail asian if trump is. vital so does increases the risk of starting to focus more on the operations of american companies in the country as it runs out of goods from the u.s. and for penalties let's not forget that the us imported three dollars of chinese products for every dollar of american goods by china last year this threat came
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after trump and said he was considering expanding penalty to an additional two hundred sixty seven billion dollars of chinese products that will be on top of the fifty billion dollars of goods already had by twenty five percent duties and another two hundred billion dollars on which the washington is poised to raise tyreese any moment how u.s. companies responding out there are worried that we have to take a look too awful stock on monday down over one percent as they did some of the providers in asia after trying to pressure the eiffel maker to bring back manufacturing to the u.s. as a way to avoid the impact. on some of its products about let's not forget that our ball is already committed to contribute to the u.s. economy with a run three hundred fifty billion dollars over the next five years and also we need to take into account factors like out commentates asian or of u.s. manufacturing workers are really prepared to take into these tasks also called on ford to produce their small cars overfocus active in the united states up to risk
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rocking plans said to do so in china that said the ultra maker does not intend to or start building their car here anytime soon. in new york thank you very much. britain's currency bounced back against the dollar monday after the used top ranks of negotiator michelle obama indicated a divorce still could be reached within a matter of weeks here's what bunny had to say about being realistic. really stick we are able to reach an agreement. on the first stage of this negotiation which is the brics it treaty. six or eight weeks the treaty is clear we have two years to reach an agreement before they leave two years after in march ninety that means that the ticking clock and time necessary for the ratification process of commons on one side do you print parliament in
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concert with your side we need we must reach an agreement. before the beginning of november i think it's possible chauvin is speaking about the downward pressure on the other time pestle as weakened somewhat over the past week but many argentinians are still chasing the dollar as the south american country has the most dollar cash holdings after the u.s. who petticoat paris is one of the most famous argentinians to have been hit by the financial crisis in two thousand and one. the former soccer player who was on the country's nine hundred ninety four world cup team to watch the state freeze all his accounts and convert dollars into pesos a tragedy for people like him who had been investing in dollars for decades. but the. country has then through fifteen crises since one thousand nine hundred seventy five and they said over and over again if you bet on the dollar you'll lose
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. only experience their piece is losing our value. go also said that many argentinians today are still afraid to leave their money in the bank after renewed fall in the peso in recent weeks their assets have lost another four percent in value up and. have learned long ago how to predict the crisis that's why they would carelessly stumble into the next one so quickly by leaving their money in the bank on. the u.s. federal reserve says argentina holds the largest amount of dollars per capita after the us but the majority of that wealth is deposited in foreign accounts what's more a university of buenos aires study says argentina is the latin american country with the devaluation of the currency has the greatest impact on inflation. foremost i think that the number of guesstimates regarding exchange rates if they go up or the peso loses in value the world expects prices to go up as well and because
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everyone expects they do what i want to buy you but you know that nobody and brazil chile colombia and peru have all seen their currencies depreciate in recent years but with less impact on consumer prices in argentina with its already high inflation rate of around thirty percent the prices for food energy transport and technology have become significantly more expensive recently. the fragile ecosystem and the gulf of got bachus heavily polluted by. wastewater it's the sets off a company's phosphate industry which has been a brain on the environment on and off for years the european union is now helping to revive the region. allow you to tawi has worked as a fisherman for over forty years he can't imagine doing anything else yet life is hard here in ga base four hundred fifty kilometers south of the tunisian capital
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tunis water quality has been badly affected by the city's phosphate processing plant but elias says the only option is to keep on fishing had a total. i have a spiritual connection to the city and i draw the dollars the move away from here when we have no or the job opportunities. together with local agencies an e.u. funded pilot project aimed at reducing the environmental degradation is no wonder way to protect the sea from overfishing fishing rights are being restricted and activity closely monitored artificial reefs are also being put in place. today the fishermen are invited for a town hall discussion they're being introduced to the project in part to win them over because not everyone here is thrilled by developments just how he wants to persuade them of the benefits. some reject the idea. without good names at stake. the artificial reef here is five to ten metres high
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a lot has already changed we've managed to want to reintroduce the red mullet it was gone from here for a long time. it's kind of. the artificial reefs are sunk at two locations plants take root on their concrete slabs and fish can spawn there undisturbed that's a long term boon for the fishing communities as well the project managers want to hear what they perceive as their biggest problems elia told he says that factory fishing fleets are threatening the region's ecological balance the use dragnets that are illegal and destroy the fish spawning grounds. the project will put a stop to the chaos in the fishing sector and end the illegal fishing by that way over here because that's our main problem and it's bad for the local fisherman. out of. the project is expected to be complete by the end of this year elia tali is
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counting on its success and is doing all he can to support it he's not alone in hoping that fish stocks will recover in the long term. and that's all from me on the business team here and thank you very much for watching good of your business talk. to.
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me will make this a stumbling tyesha i am feeling as characters are dealing with anything at all they killed many civilians i mean the actual coming including my father while. i was a student i wanted to build a life for myself like these totally but suddenly life became our kind of song. providing insights global news that matters d. w. made for mines. in germany state by state. the most colorful. the loveliest. the most traditional. find it all at any time. check in
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