tv DW News - News Deutsche Welle September 11, 2018 9:00am-9:31am CEST
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this is deja vu news live from berlin russia stages its biggest word games since the soviet era moscow says the exercises are purely defensive but nato fears russia is preparing for war at the very latest from the russian capital also coming up. warnings of a humanitarian catastrophe as syrian and russian forces prepared to take it live provinces thirty thousand civilians have already fled many more are taking to the road. and anti migrant tensions in eastern germany the far right wing f d party
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organizes what it calls memorial march in the town of curtain where a man died after a fight with two afghans. plus the book president trump is calling a joke and because we had the reviews last week now the book by watergate reporter bob woodward goes on sale we'll find out what some trump supporters think of it. i'm brian thomas a very warm welcome to the show the russian military is conducting its biggest maneuvers since the end of the cold war hundreds of thousands of russian soldiers are taking part in the numerous across the country in eastern siberia they're being joined by troops from china and mongolia the drills will continue for a week russia's defense ministry says they will involve some thirty six thousand.
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vehicles one thousand planes even more ships nato says russia is preparing for a large scale conflict. so what's behind these maneuvers were the very latest let's cross over to moscow from deed of use yuri rachet ho yuri nato has contend these exercises as a prelude to conflict why is russia along with china fielding some three hundred thousand troops this week. well brian of course of the russian army is very large in terms of the number of soldiers and military technologists to moscow organize a such a war games every year on the other hand of course it's about showing military might especially against the nato russia doesn't see the self necessarily as an enemy off lead rather a competitor but a competitor it can get more and more problems with we can see these problems from time to time on the russian border with the nato countries in the area when russian
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jet fighters are approaching nato aircraft very dangerously and that could be understood as a military provocation or in the east of ukraine there are russia supports the separatists with all military strength and that ultimately around is this feeling among the neighbors in poland and in the baltic countries and that fee is understandable if three hundred thousand soldiers to do military exercises which is not only a test just in case russia has to defend itself but also a signal and clear signal against to the west europe these aren't just the biggest maneuvers in decades this is also the first time china is taking part are these two countries integrating their very large military. well both countries obviously approaching each other the military all of the china participates with much viewed a few troops as russia just three thousand soldiers along with aircraft and
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helicopters. russia and china have trained together about thirty times since two thousand and three but this is the first time china participates at the strategic level military experts assume that china can profit from russia what time experience in syria for example and crane eastern ukraine china might have obviously even more more than a convict ments bought is apparently far behind russia in terms of office a training experts say an interesting question brian is why is that close a military ties between shah russia and china could be and nights mail a danger for the united states because not only economic but now also military cooperation between the two nations can grow more and more both countries have similar ideas on what to the world's all the should be strong state weak civil society north american coalitions yes the coalitions with others especially and to american countries did abuse moscow bureau chief yuri richard thanks very much yuri
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for bringing us up to date on this well in syria the russian military is launching air strikes against the last rebel stronghold in that country in the province the u.n. is warning of a humanitarian catastrophe there thirty thousand people of the province this month alone there are fears chemical weapons might be used in the region right now those they put are preparing for the expected all out offensive. making use of everything to survive this improvised mass this one seven residents desperate approach to protect himself and his fellow syrians from a gas attack. sure these gas masks are important now especially after the latest threats of a chemical strike the russians claim that terrorists will do that but that's a lie everybody knows that the russians and the syrian regime used chemical weapons
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it would be more. like many others in the lead he spoke to makeshift shelter as he expects a government offensive on the province to get worse. this is footage of what was said to be a syrian barrel bomb attack. president assad's forces backed by russia and iran recently began recapturing the province of its lead from rebels. since then tens of thousands have been trying to escape the airstrikes but since the area is home to three million people many more could follow. took a shade over his ations have joined other relief groups as they try to fulfil people's basic needs it's a tall order. we saw that we expect massive migration in the it's estimated that between seven hundred thousand and one million people will try to leave. well most
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of the new deal you do them said his organization could eventually dispatch at least one thousand trucks carrying food and medical supplies but considering the threat of a chemical attack that aid might fall terribly short. now for a look at some of the other stories making the news today the united states has threatened to slap sanctions on international criminal court judges national security adviser john bolton says i.c.c. officials could face financial sanctions and even criminal charges if they proceed with an investigation of alleged war crimes committed by american soldiers in afghanistan norma's the white house has received a letter from north korean leader kim jong un asking for a second meeting with president trump press secretary cyrus honors the letter was very warm and that it was open to the idea that as the white house the two met for the first time in june but relations have deteriorated since then. and the
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u.s. state of south carolina a million residents have been ordered to evacuate as hurricane florence approaches . the weather system has intensified into a category four hurricane could cause catastrophic damage north and south carolina as well as virginia have all declared states of emergency. peru is marking the return of an ancient golden mask from germany after a twenty year legal battle. each century funeral mass was unveiled and presidential palace after was handed over to the peruvian embassy here in berlin it was seized from an art dealer in germany in one thousand nine hundred. well here in germany in the eastern town of curtain the death of a man during a confrontation with two africa and migrants has stirred up anti immigrant tensions a post mortem showed that he died of acute heart failure after the encounter the region has been on edge following the anti immigrant protest camps two weeks ago in
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curzon people gathered last night to protest and to grieve. a memorial service in st jacob's church. mourning the death of a twenty two year old local man. the priest leads a prayer for the deceased marcus for his family and for his friends and also for the community of curtain. the tradition of the mood is still tense and the division in society is also palpable and it's beginning to gain momentum once again here's the sponsor question. on the one side residents of curtain who are praying for togetherness and just a few minutes walk away the scene of the violence. many have responded to the incident with anger. so get your bloody camera out of. danger toward the press but also toward the perpetrators.
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whoever does something like this should be lined up against the wall and shot. claim unspun says he was the best friend of the deceased. back in the center of town a meeting of enraged citizens and right wing extremists. no calls here for an execution but calls like deport them all and germany for germans can be heard local politicians however distance themselves from these slogans and. one can disagree politically but it should be a constructive debate and there are lines that shouldn't be crossed because we have a set of values to defend values that up for discussion. again on the second night after the deadly incident there is another so-called memorial procession. this time
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the far right if tea party put out a call to join but the hate filled slogans never rose it seems the prayers for peace had been answered if only for this moment. now to the united states where the tell all book about life behind the scenes in president trumps white house has gone say oh we had the reviews last week when the president called it a joke and a con on the american people bought this book is by bob woodward one of the reporters who exposed the watergate scandal the w.'s marsh waiter sent us this tape from a bookstore close to the nation's capitol the allegations of chaos and backstabbing in the administration and nothing new it's been the centerpiece of several other books the difference here is the reporting and the reporter bob woodward is one of the most legendary and credentialed journalists in the united states and he says that the president's chief of staff called trump an idiot or the defense secretary said the president was like a child that carries journalistic weight now both men have refuted these statements
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and trump has said that the entire book is a work of fiction but fear is out now on the dirty laundry is out there for the world to see people in this bookstore have been snapping up the books starting immediately at midnight everyone can't wait to get their hands on a copy unless of course you're a trump supporter and that is exactly who maya schrader wanted to hear from in the run up to the book's release he met with some supporters in washington. the trump international hotel is an island of refuge for this meeting of trump supporters in the otherwise extremely democratic lucey of washington d.c. people here can bask in their mutual love of the president and ignore negative media like say a certain book by a certain legendary journalist as bob woodward's book hits the shelves it's already created waves among the president's detractors over trump supporters this is simply a more negative media coverage and the other day of fake news for a president that they still very staunchly support it's
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a left wing attack getting ready for the elections to try to energize that side of the of the populace there's been so many books out but that's not going to step down from supporters we're very loyal to him because at the end of the day you know what we get if we don't get down on track we get that wing snowflake that says he's not your average politician he's trying to fix things he's coming in from the outside and the establishment does not like that on both sides of the aisle especially on the left so i don't even i don't even bother to i'm not going to bother reading that garbage even members of congress are jumping on the bandwagon to discredit the two time pulitzer prize winner and his reporting. he's a lifelong liberal he is he may be a journalist but he has a bias he has an approach if you look at his his four decades of work you're going to find that he picks somebody he picks somebody to attack there was a republican and not a democrat and you know if you have four decades you should have some of both he
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doesn't do. well again shins of a morality cronyism and lying contained in woodward's book i mean nothing here is from supporters of only good words for their president. some sports now time for a selection of results from the new european football format the u.a.e. phoenicians league several heavyweights in action on monday reigning european champions portugal beat italy with out their start player cristiana and although sweden scored twice but couldn't match turkey's three scotland's road to a two nil home win against albania while kossovo came out on top in a battle of the minnows against the faroe islands a motorcycle racer ramanathan off he has been fired from his team after pulling a rivals brake lever during a race on sunday italian was competing in the motor to race in san marino was neck and neck was death on zero montse when he pulled his rivals breaks both were
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travelling at a speed of over two hundred kilometers per hour but amazingly neither crash after the race finished or not he was given a two races pension and marinelli sniper team is now cancelled his contract rider has since apologized calling his behavior disgraceful. on mexico a football club without a win this season has signed on none other than merit donna as coach or to argentinian legend has limited experience in that role but for locals in a city located in the heart of drug country marathon his rival offers a ray of hope. for the kids of cardiac on a chance to celebrate their. local pride in the scene on the walk out of tells tough isn't lacking but rarely do the residents read positive headlines about their
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home. c.n.n. going to see an ass of city when one for negative things now will be known for sports or thing. but diego maradona himself of course is known for much more than just his sporting achievements and there are concerns that this may just be a lucrative publicist to stunt he'll be paid a reported one hundred fifty thousand u.s. dollars a month by the write us a second tier club whose players complain of missed paychecks still not everyone is focusing on the negatives. i think this is going to be something good especially for the young people there are a lot of young people in the team like. thirty two years ago maradona lifted the world cup trophy here in mexico whether he's so join in. and so happily remains to be seen well mark is here now with today's business and talking about an uncertain future how's the argentine economy she shaping up well when the currency
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is under less pressure than previously brian the downed pressure on the argentine piso has weak at somewhat suddenly over the past week but many argentinians a still chasing the dollar the south american country has the most dollar cash holdings after the united states in addition the devaluation of the peso has a strong impact on inflation. petticoat pairs as 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 is then through fifteen crises since one thousand nine hundred fifty five and they said over and over again if you bet on the dollar you'll lose
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it's. only experience their piece is losing our value so. petty 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. have learned long ago how to predict the crisis that's why they were careless they stumble into the next one so quickly that by leaving their money in the bank jungle. 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 brain or sorry study says argentina is the latin american country with the devaluation of the currency has the greatest impact on inflation. for most of pick that the number of guesstimates regarding exchange rates go up or the peso loses in value the world expects prices to go up as well and because everyone
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expects they do what they want to buy new video 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. though this week marks the tenth anniversary of the collapse of lehman brothers one of the biggest investment banks and the wealth but clearly not too big to fail on the fifteenth of september two thousand and eight saleman brothers filed for bankruptcy it was the start of the global financial crisis ten years on corporate profits are rising and wall street is celebrating one record after the next a growth has been fueled mainly by low interest rates which prompted a lot of companies to go into debt. tesla is ten billion dollars in debt.
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net flix eight billion dollars. a pop up lloyd germany's leading shipping company is seven billion dollars in the red these are just three examples of loose lending never before have companies worldwide had such easy access to money as in recent years. according to a study by the mckinsey management consultancy worldwide corporate debt has increased to sixty six trillion dollars almost double what it was at the start of the financial crisis ten years ago. money is never been as cheap as since the financial crisis central banks flooded the markets with trillions to help financial institutions and economies get back on their feet. the us federal reserve looks set to raise its key interest rate again the european central bank on the other hand is not ready to take that risk in fact the e.c.b. is still in crisis mode with its zero interest rate policy known still cost
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virtually nothing some fear of the accumulated corporate debt could trigger the next global financial crisis. all the money that was borrowed has to be paid back if interest rates go up repayment will be more expensive and may have to be countered financed with new jet if that gets compounded by an economic downturn many companies could find themselves in a tight spot. so unlike ten years ago it's not the banks that are in trouble but the company so are we heading into the next crisis let's ask such a staff and banking expert and professor at the fund for the school of finance and management good to have you with us as a tell me how worried should we be about to the enormous corporate debt. i think given the large amount of debt this is definitely something that regular regulators should have an eye on and watch closely but i think we need to know all important
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question to ask why do these companies take on that amount of debt is this just to repay and refine as much she believes this thing that is that because i have profit investment opportunities and what is what companies are the other ones which are very cyclical industries such such that an economic downturn might really be hard for them so all of these are kind of questions we have to ask ourselves because before we can actually draw a conclusion as to. how dangerous the situation actually is all right so let's ask that question do you know what sort of companies taking out today and what. i think this varies quite a bit but what we should be what more worried about is then to what extent that money is actually going into the ears of a highly leveraged segment of the economy and to an end and what part for you is this debt actually has been head is actually the bangs or is that actually other investors and i think particularly in the u.s.
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we can we can see quite clearly that the. major pot these days of the loans to the highly leveraged companies actually had outside the banking system which is unregulated and this is something we should be more worried about so so the risks of be to in the begin the united states you say on a corporate level then in europe. i think this is the case i think on every sea and europe because also of the sovereign debt crisis that followed more of the leveraging and higher reliance on equity but in the us we see the opposite actually the equity percentage in the capital structure is going down that is going ob and a large part of that is actually also going into repurchases all shares which which actually even even makes these a couple structure riskier than so just very briefly if you would how do you view the role of central banks and their monetary policy of low to no interest rates
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here. i think there's a there's a substantial role and i think the combination of low interest rate together with the quantitative easing we have seen just pushed investors such as insurance on for example have a fixed returns and into riskier segments which then of course decrease the prize for risk and then enabled companies to borrow more so they have a substantial part in the rise of corporate debt worldwide. in their banking expert and professor at the frankfurt school of finance and management thank you so much for your time. ten countries that are part of the association of southeast asian nations or in short as the i am currently meeting in vietnam's capital hanoi for an economic forum and i vietnam is currently the second fastest growing economy in the region after china did obvious money like us but claridge travel to the country to get a taste of a nation in the midst of an economic transition. she's carrying on
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a tradition that no longer carries the economic waste it once did. here and how long bay in northern vietnam fishing used to be the main source of income. but nowadays many people have set their sights elsewhere taking corporate jobs and fishing only on the side. vietnam's economy is expanding rapidly the annual growth rate is over six percent and with the free trade deal with the european union jus to be ratified in january that figure could ride. sixty five percent of tire and sidon would search for cation would be standardized within a period of five to ten years one hundred percent of existence our years would be lifted and this would give vietnam an incredible competitive advantage in that region but. this factory in the capital hanoi is operated by german company the colony it produces medical equipment for
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the administration of intravenous therapy. devices like these are hospital staple no wonder then that they're sold all over the world this factory opened in twenty fourteen and since then the company's invested over one hundred million dollars in vietnam. in seville is monday including the investors are welcome here but of course you should make the mistake of thinking doesn't work the same way as they do in germany you need to familiarize yourself with the local way of doing things and i did five anyone considering investing here to go for it but get the appropriate advice. for vietnam's young population the country's economic expansion presents the prospect of living a more prosperous life than their parents did. it watching to w. news here's a reminder of the top stories we're following for you. russia has begun its biggest
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war game since the end of the cold war hundreds of thousands of russian soldiers are taking part in maneuvers across eastern siberia moscow says the exercises are purely defensive of nato feel as russia is preparing for war. and f. been warnings of a humanitarian catastrophe in northwest syria as russian on syrian forces prepared to take it next province thirty thousand civilians have fled to this month alone and many more are taking to the road. don't forget you can always get on the go just download the app from google play off from the apple store that you can access to all of the nation's news from around the world as well as push notifications for any breaking news i'm sure can also use the op to send us photos and he. will be laid back into lancaster at the top of the hour thanks so much. move.
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