tv Business - News Deutsche Welle October 1, 2018 3:15pm-3:31pm CEST
3:15 pm
for a major restructuring the company splits in two parts and names a new c.e.o. we'll take a look at its new start. up. but first a breakthrough in trade canada mexico and the u.s. announced they have agreed on though a trade deal to replace nafta gardell first we'll have the details coming right up . close. and. the first cloning lesson from the doris grand moment arrives. joining your regular jane on her journey back to freedom. in our interactive documentary during the regular season returns home
3:16 pm
monday w don't come tanks. we make up oh but we want tons of obstacles that under the two pipes we are this and the services. they want to shape the continent's future should be part of it and join our youngsters as they share their stories their dreams and their challenges the seventy seven percent platform for africa chart. it's a good day for canada says prime minister just soon trudel as the country agrees to join the trade deal with the u.s. and mexico the us mexico canada trade agreement is set to replace what used to be known as nafta. and crisis averted for now after years of turmel
3:17 pm
german still giant to simply call splits into and names a new c.e.o. . this is it of your business as well the united states and canada have agreed to a deal to replace the north american free trade agreement that is according to u.s. officials who said it will go by a new name the united states mexico canada agreements canada has been frozen out of a deal reached in august between the u.s. and mexico to update now after the eleventh hour talks between ottawa and washington guaranteed that all three members will be in the new version of the tri pact. is a predator is it a good deal very is it did you ever get a good day for canada ok i'm certainly not justin trudeau was in good spirits after a cabinet meeting in ottawa once the final stumbling blocks had been removed there will be no tariffs on the two point six million cars that are made in canada and
3:18 pm
sold in the u.s. but there was still no sign of an agreement on tariffs on canadian steel and medium exports canada says the deal is good because the country can also go to an independent referee when it has a trade dispute with the u.s. and does not have to subject itself to u.s. courts that part of the old nafta treaty survived the name however will not the acronym nafta is dead as u.s. president donald trump repeatedly called it the worst deal maybe ever signed the new name is the united states mexico canada agreement and the government in washington says it's been able to negotiate a much better deal for american farmers as canada gave in to u.s. demands to open up its highly protected dairy market something american politicians have pushed for a long time. tweeted it's a great deal for all three countries solves the many deficiencies and mistakes in nafta greatly opens markets to our farmers and manufacturers reduces trade barriers
3:19 pm
to the us and will bring all three great day sions together in competition with the rest of the world. in mexico the government was relieved that the new free trade deal comprises all north american countries we are very pleased to announce now that this remains a trilateral agreement an agreement in which mexico the united states and canada have successfully renegotiated and modernize the disciplines that were found in the north american free trade agreement or nafta. the us and mexico had already agreed to a new deal in august mexico accepted that more industrial production will take place in the u.s. to protect american jobs all three governments are relieved that a last minute compromise has been reached as the three economies are highly interwoven the deal means that just in time production in many different industries is now safe. good day for trade it seems let's find out with. the
3:20 pm
who joins us from the front of. all this plays out on the trading floors. care hard a day that donald trump decides to take a step away from messing with global trade is a good day for traders and that's not that's despite the clumsy name it's because it enters security it brings security back to the table and people are ready to put their money somewhere where it might be a little bit risky but the risk has lessened over all asian markets already profited from the news so have european markets the banks with gains german carmakers were worried and the industry was worried that this deal might break up. trade. trade channels so that's good news. we really gone cold from the worst deal in history as donald trump has called it such a great deal what's the difference. what you see here is trump strategy and he's
3:21 pm
done it again and he's down talked an existing deal he's threatened car terrorists specifically he's done this with japan he's also trying this with the e.u. and then he's used that as a leverage to negotiate a new deal that isn't the sara lee that different yes of course there are not going to be any new tariffs on canada and mexico but they'll have to produce more parts of these cars within the country and that is going to be harder for them and most of the changes are beneficial to the u.s. canada has to open its dairy market and steel and aluminum are not within the agreement yet so yeah good deal for canada to keep those dispute settlement mechanisms poker symbolism friends with think you. must phone rosie electric comic a tesla will step down as chairman of the company after a probe by the u.s. securities and exchange commission concluded that must misled investors with tweets
3:22 pm
about the company's plan for a massive stock by about. has learned mosque have agreed to pay a multi-million dollar fine mosque will remain c.e.o. of the company is the latest example of musts erratic behavior that has recently plagued tesla and concerned investors. that's when the most radical shake ups at a german blue chip in decades still make a system call says it has managed to steer clear of the leadership and strategy crisis after the supervisory board filled its two top management posts late on sunday and approved plans to split the company in two he was approved as the new c.e.o. for the next five years we will hear from him in just a moment to find out where he plans on taking the company which has faced months of turmoil. this is how a german industrial giant to some corp likes to present itself innovative with an eye to the future but the steel and industrial component producer is having to take
3:23 pm
drastic action to see that future come to pass. european steel prices plunged in two thousand and eleven after cheap chinese steel began to flood world markets to sin corp was hit hard by the low commodity prices leading to liquidity issues and a twenty seven percent drop in its share price it now thinks splitting into two companies will help it deal with a changing market the supervisory board approved the measure over the weekend the plan will see one company taking over the steel and construction material production which has almost forty thousand employees and a turnover of about eighteen billion euros the second company will inherit to some groups elevator and automotive component business with around ninety thousand employees and sales of around sixteen billion euros interim c.e.o. care costs will head both companies for the long term unions and employee representatives have given their blessing as no jobs will be lost but it could take
3:24 pm
up to eighteen months before the shareholders decide at a general meeting whether they agree with the split after all experts expect restructuring costs of around one billion euros it's been one here today since the spanish province of catalonia voted to split from spain in the referendum that was later declared illegal violent protests followed the secession is government was dissolved and vowed to take catalonia independent anyway many companies wary of the instability hastily moved their headquarters to other parts of spain the tourism industry suffered heavy losses so twelve months passed as anything changed for the better our reports our markets burnage went and tried to find out. us as usual packed with tourists barcelona draws millions of visitors every year this certainly doesn't look like a region in crisis but the head of the city's hotel industry association says
3:25 pm
things did get a bit rocky for a while. last october november and december we had far fewer guests and usual. but since january things have been more or less back to normal. still hoteliers are concerned about the city's reputation and would like to see fewer demonstrations tourists in barcelona don't seem too bothered by the political turmoil late and all manifest by the time from canada we hear about it in the news but it doesn't affect me personally i mean. the only thing you see here is that there are a lot of people there catalonian flag and. or the spanish like one of the friends on their choice of course but i don't really feel like as a tourist thirty kilometers north of basle owner is the town of kalak is the amman bluey many people here backed independence including pretty about us he runs re cam
3:26 pm
laser a metal processing company with a workforce of one hundred thirty he says business is good. to have facilities in and rivendell in syria where people still talk about an economic crisis but we've been doing well there too i have no idea why but it's kind of lonely of that's driving the recovery. to your says other companies had a hard time when the central government in madrid imposed direct rule after the referendum that only ended in june in the end they. did a lot of business with the regional government suffered a lot because suddenly they had nobody to deal with. his company is expanding and he's not frightened of independence but there are some business people who want the region. to remain part of spain. course a boon for example. and he's been punished for saying so with a boycott of his bakery by separatist sympathizers.
3:27 pm
but in the sales have dropped by about a third. so we have to look for new markets and. we're about to start selling our products in madrid. so that we can maintain production volume set which will at least prevent anyone from losing look at that. one year on from the referendum the economic picture in catalonia is mixed and catalonians to remain divided. one thing however is clear the political upheavals have not triggered an economic crisis in the region. and the business. and i thank you very much of. that. thanks.
3:29 pm
mobility today and to the future. trial next month douglas. the contentious figure at home. he wrote in germany. from the fall of the early. to german reunification. m.d.m. of the cold. war charles was one of the great hume's of the twentieth century. because the gorbachev of the last leader of the soviet union was an agent of change this. quickly names downfall. i had decided to resign my duties as president of the soviet union. but
3:30 pm
she wanted historical buttle i'm sure one has of course. she continues to fight for world peace with the reminder by not sure we have to comprehend where this has taken us to today there is a new arms race. our time gorbachev and the opportunity for peace we still starts october third on d w. hello and welcome to drive and they be the. motor magazine coming up a new rescore b.m.w. z l electric i f t eighteen. beatlemania was for goes wild for the beatles sunshine tour. and the newest generation of hyundai santa fe.
39 Views
Uploaded by TV Archive on