tv Business - News Deutsche Welle September 26, 2018 7:15pm-7:31pm CEST
7:15 pm
including. slave wages in the middle of the european union and more on wage dumping in the textile industry coming out shortly in a business. about a whole lot more are up next we're going for the one and also you have a top of the hour. because we have a bit of the. where i come from we have to fight for a free press and was born and raised in a military dictatorship with just one t.v. shadow and if you use favors with official information as attorneys i have worked on the streets of many can trust and their problems are always the same core to
7:16 pm
social inequality a lack of the freedom of the press. corruption work on the floor to stay silent when it comes to the sounds of the humans and see the right to fools who have decided to put their trust in us. my name is. id dollars. at the. trade conflicts rising debts and rising interest rates it's enough to scare the asian development bank into lowering its growth forecasts for the coming year. also on the show textiles made in the e.u. but ethical a plea for high a page from eastern europe. and the end of an era at dima long time c.e.o.
7:17 pm
david satcher steps down in spring next year making room for the first not german in the driver's seat. i've been fizzling that's your business the asian development bank is forecasting a slowdown in growth next year if he is a global trade conflicts could hurt economies across the region the lender also warns further interest rate hikes in the united states could disrupt currency markets and lead to bad loans but it also says expanding trade within the region could help make up for lost exports to the u.s. asia is now home to more than half the world's middle class. it's going to under a hang our asia correspondent standing by in singapore and brad just how much of a slowdown is the bank predicting. well it's maintained its forecasts for twenty eighteen and that's not very far away now for six the cent but it has brought down the twenty nine hundred fall cost to five point eight percent and us down from five
7:18 pm
point nine percent and while this might be a mean minute percentage it's largely a credit to a surprise surprise of course to the current u.s. china trade war and the effect of another interest rate hike in the u.s. which looks very likely. it will mean the the feds have already reset interest rates some seven times in the last twenty two months and there's news that they have confirmed that this is going to happen and the five more times over the next fifteen months so that is already creating a chain effect. down the line it's a domino effect based on the u.s. inflation and a very solid growth in the u.s. so this is going to be an ongoing exist that's going to happen from the u.s. and it's already affecting and a so-called global currency crisis now with the asian development bank says that it
7:19 pm
could expand trade within the region doing business with other countries within asia to make up for lost exports with the u.s. can asia really get by without the world's biggest economy. i guess the short answer to that is yes but what at what cost and that very big is going to be at the expense of growth of course. aborning costs are going to be pushed up from these are high interest rates and that's going to tighten global liquidity is a well that being said currently south asia and the rest of southeast asia they are handling their inflation and the control of bio fuel subsidies in malaysia and indonesia for example and managing food costs in china and india so in a condom you without the u.s. in it is going to throw a wrench in the works and that's going to be quite a bit of chaos without a real solution in place thanks for joining us with the bad news andrea hang there
7:20 pm
in singapore now both kerio is one of europe's major textile producers largely due to its low cost structure the average wage for a textile workers only about three hundred fifty euros a month that's peanuts especially when you consider bogus area is an member state a reason why many young folk ariens of leaving to find jobs in other parts of the block got to chip in southern brogue area people in this region make their living mostly from agriculture and tourism but many bug ariens also work in the textile industry german entrepreneur bet tom goldman has been producing clothes here since one thousand nine hundred three when he founded the company pier in texas they produce men's clothing as well as women's fashion for luxury brands mostly sold in german stores. two thousand employees work here the average net salary of three hundred fifty euros per month is higher than other factories around the e.u.
7:21 pm
country. because. we pay more than average because we expect more than average from our employees. flexibility there like quality flexibility and adapting to new products and materials. it's two thirty pm time for a shift change employees have worked hard for their above average salary a few years ago a strike shut down the production line one worker outside the factory though told us the salary still isn't enough to survive on. in the mind of instead of adjusting our salaries upwards they keep going down a. bit to what i do they have people who time our work then they don't work in the allotted time instead of motivating us and giving us incentives in the mylan what i mean. workers' rights groups are calling for change. the main headquarters for
7:22 pm
the union representing clothing and textile workers is located in the capital sofia it represents five thousand employees. in them all the. members throughout the country report that the standards of targets for sewing cannot be met in one day. they often have to work overtime on the right moves. peter in texas sponsors currently struggling with completely different problems many young people have left the country and the training center is almost deserted only seven apprentices work the machines become pany actually has room for three times as many but the me generation is fleeing to germany or england where they hope to find their fortune or at least better working conditions . and swedish fashion giant h. and m. has hit back at accusations its still paying its supply chain workers living wages
7:23 pm
international campaign group clean clothes dot org says that in factories in bulgaria as well as turkey cambodia and india is paying workers just a fraction of a living wage five years ago the company had pledged that by twenty eighteen zero workers in its supply chain would be paid a fair wage. dima c.e.o. david satcher is leaving his post next year he'll go on to head up the company's supervisory board is the budget comes at a time of turmoil in the car industry in germany as it struggles to respond to the emissions scandal the prospect of these old bands and the threat of tariffs from the united states has been a dyna for decades and has been at the helm for the last twelve years will be replaced by the first known german to be in charge of the maker of misty's benz cars. is originally from sweden has been with tyler since one thousand nine hundred ninety three and christiane stock is a professor for strategic management at the work business school thank you for
7:24 pm
joining us on the show why is such a quitting can you tell us that. no i mean his been to for a long time and i'm presuming moving into moment because of new challenging coming his way he has done great sorting out the mess that was left after the christ like rescission and now things have moved on it's about immobility it's about self driving cars and it's maybe not his topic and it's about cleaner cars i mean surely diesel gate. had something to do with it. i don't think so you know even though you know diana had some involvement it never hit the company in the same way as fox was hit when you also look at who replaces him it is someone who has a background in r. and d. who has dealt with the whole e.-v. and claw and mobility solution now you could argue that immobility is partly and
7:25 pm
oncet to the whole diesel question a. sense yes but it's not so much a decent gate scandal i think is there a reason why such he's resigning well moving on but what do you think about all i can do you think he will get these calls rolling. i think so you know diamond is taking an approach that step by step they make cars more and more economists so it's not as if you know in just one goal a car will be autonomous but just you know he add more and more features you can already driving along the highway and can to some extent you know only if the car needs own all these you have to be but that's what it companies moving into it seems to work and what about convenience is leadership how does a different from say. did i don't know i don't know him personally
7:26 pm
a solely to see he he seems to be approachable when you kind of watch him but internally i'm not sure and a different dialect how would that impact germany's car industry. well that's an interesting question because we see not just diamond but also the other car companies moving in that direction and they actually do so in concert there's been a creation of which is a mapping service jointly by b.m.w. and. because stand stand probably dan main challenge is not so much to the car companies but it's the technology companies from silicon valley who are similar to what happened to hardware producing computers in the ninety's might just eat their lunch as microsoft did at the time as professor of history teaching management of the war business school thanks for coming on the show my pleasure. and just briefly
7:27 pm
nike c.e.o. says an ad featuring american football star and civil rights activist calling type an iq has led to what it calls a record engagement with the brand of the campaign didn't prevent its share price from dropping off the quarterly results showed slower than expected growth in china analysts say high a mocking costs and the stronger dollar affecting nike's bottom line the company has defended spending on its latest ad saying it introduced the brand slogan to a new generation of customers. christmas with.
7:28 pm
7:29 pm
a. in the. last weeks critical issues some conflicts. w. o o o o. her first day of school in the jungle. first including listen. doris crane the moment arrives to. join during a training on her journey back to freedom. in our interactive documentary. to bring it to returns home on d w dot com bring it tangs. kind of a little later. on this tour i'm listening to. the fight against illegal logging. david. against goliath
7:30 pm
and for me to tell everyone what's going on the fight courageous act. against my job. losses may be a land of the gun. but who will make. the borneo case for starts october ninth on g.w. . it's always radical new government has caused plenty of consternation here in brussels since it was elected but is its bach worse than its bite my guest this week is the italian m.e.p. fabio. who is also vice president of the european parliament after urging britain to stand up to the e.u. on bret's it why did his government leave to resume may in the lurch last week's crew.
54 Views
Uploaded by TV Archive on