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tv   Business - News  Deutsche Welle  October 3, 2018 3:15pm-3:30pm CEST

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karen alvarez will be with you in just two minutes time. and on. her first day of school in the jungle. first listen to me. then doris green the moment arrives to. join during a training on returning bang to freedom. in our interactive documentary. tour of the ring in ten returns home on d w dot com forming a turning. point in fighting potentates to take you seriously in the world of work
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here's what's coming up women stroke. for your smart women smart taurus smart state religion brain creasing lean dangerous time for w. me for my. memory. walvis it's really called sons over the italian economy are keeping the e.u. op but not as first the company said it was increasing its budget deficit now rome send signals it is ready for a compromise on spending. and turkey's inflation right surges nearly twenty five percent in september getting his highest level in fifteen years putting more pressure on the central bank to deliver another hestia rights hike soon going against the government. government jobs. this is neither of your business and god
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offers work of the italian government and its comic plans continue to keep brussels awake at night the country found itself on the receiving end of a stern warning from european commission president jiang globes last week after rome announced plans to increase its public spending from next year now it seems brussels may have prompted italy's government to come to a compromise comes to its next budgets scaling back its spending further markets have been jittery of the face of what some feared could lead to a new euro debt crisis. prime minister do separate countries main focus is on damage control after a meeting with top ministers the italian leader pledged to shrink his nation's debt burden in a later interview italy's economics minister provided more details he said the government wanted to gradually reduce the country's debt in stages from two point four percent to two percent of g.d.p.
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within three years italy's new debt is a hot topic across europe right now after all the country is the euro zone's third largest economy yet its struggling its national debt is twice what it should be on employment is high the country's banks stand on shaky ground and the e.u. has long demanded the introduction of reforms but there are still many in italy's populist government who want to increase spending not reduce it it was one of their key election promises ordinary india to retreat from two point four percent would mean telling italians you won't retire we won't raise your pension we won't compensate those cheated by the banks and we won't establish a basic income so we won't back down and if necessary we'll explain it in public square as. there's clearly still much to discuss and prime minister contact won't tackle the issue again today clarity will be essential for nervous financial
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markets to this week the yield on italian benchmark bonds hit three point four percent and almost five year high. there is indeed much to discuss and will do that with michael hewson is with c.m.c. markets and joins us now from london michael european commission president john called you can suggest an intern pose agreements like threats to the euro is that a fair comparison. it's not really understates the problem i think if italy if there was an italy crisis it would make greece look like it's a policy i think mr young because rhetoric solely understates the contagion that could result as a result of italy's debt trajectory getting out of control would it make sense to for it to lead to to leave the euro as some leading italian politicians have suggested. no not that would be a catastrophic scenario under any circumstances just think about the overall debt
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the stability of the banking system all of those states would have to be ready to nominate seats in lear it could take the entire european banking system down with it and i think this is where the european commission really needs to tread carefully when it comes to dealing with these politicians because for me i think i think that. walking into a trap laid by this new italian government so how to deal done with this new italian government. well i don't think what the italian government is asking for is actually unreasonable they're also going for a budget deficit of two point four percent of g.d.p. that's under the three percent target specified by the stability and growth pact and ultimately i think they do have a point france and germany have consistently broken the stability and growth pact and c. thousand and sixteen france had a deficit of over four percent and who is the finance minister of france in two
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thousand and sixteen pm muscovy see who's warning them about deviating from a huge fiscal row so i think there needs to be an awful lot more listening going on and a lot less talking to us very very briefly if you can mark what's internees biggest problem that. the biggest problem of the moment go ahead is obviously a growing economy growth has stagnated for pretty much the last eighteen years and ultimately greece. politicians need to work with the european commission to get a policy in place but also we get those unemployment rates down and the g.d.p. number up. thank you very much mark joining us from c.m.c. markets in london. the italian government has found one way to bring in some extra cash it's just auctioned off licenses to use its ultra fast five g. mobile phone frequencies. on the expected six and
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a half billion euros that's well over two and a half times more than expected vodafone. committed around two point four billion euros between them the surprise income is a boon for rome meanwhile other countries. with germany its fifth generation frequencies next spring. for. food fuel electricity in turkey everything is getting more expensive by the day just in september prices rose by twenty five percent that's the highest inflation in fifteen years prises rise because the turkish currency the lira lost forty percent of its value against other currencies like the dollar making imported products more expensive so the average to protect self well many citizens now hold hard currency to mitigate the effects of inflation. euro dollar british pound
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swiss franc it doesn't matter these customers just want currency that isn't constantly losing its value. change agent sees are a gauge of turkey's economic crisis more and more turks are losing faith in their currency and rushing to exchange their leader rose despite government calls to the contrary and the falling value of the leader is making imports more expensive prices are rising and living costs are suit it's a vicious cycle that's only getting worse in january inflation in turkey was around ten percent half a year later in june it had jumped to fifteen percent and the most recent figures from september show the. the crisis isn't getting better last month prices rose by twenty five percent the highest rate in over fifteen years. turkey's finance minister blames foreign speculators for turkey's economic woes seen it was an attempt to cow the country in the coming weeks he hopes to announce measures to
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rein in the rampant inflation it's a daunting challenge for years president to on field economic growth with loans is simple is building an expensive third airport and entirely new districts all of those mega projects are being financed with foreign debt and those loans have to be paid back in dollars or euros which are getting more expensive due to the weekly rate it seems a financial crisis is already knocking at the door. the european parliament is set to vote on a draft emissions limits for cars and vans today the vote comes just a day off to germany outlined its plans to keep all the diesels off the roads in fourteen of its cities including government ordered referer retrofits starting next year the country's current passion up association has announced its members are ready to get to work the plan has also received the green light from the bomoh group which produced components that help clean up emissions from diesel cars.
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luxury carmaker aston martin has hit a bump in the road during its debut on the london stock exchange the company had been hoping to raise a conservative nineteen pounds a share doing its i.p.o. but it saw its stock slip by as much as six point five percent in early morning trading concerns over aston martins ability to deliver on an ambitious production schedule behind the rocky start. now though if i was so kid's eighth ish market and it was a tough and these institutions now fishmongers have been there for generations up in arms about a controversial plan to relocate the market to the newly constructed so your suicide in time for the twenty twentieth's tohil summer the banks. tell ya mcgauchie has been tending her family's fish shop in tokyo's famed suki g. market for more than fifty years and she's been fighting to keep her store there.
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and i don't want to move in fact i don't think we should move that's why i'm against the whole thing but the government is strong and doing everything they can to make us move using deception and lies i think that this didn't go. on peak days some forty thousand people pass through to keiji the sprawling curving complex is a constant hub of activity but this week yamaguchi and hundreds of other fishmongers are reluctant lee preparing to abandon the world's largest fish market for toyota to a gleaming market on reclaimed land that tokyo's metropolitan government spent more than three point five billion dollars on building the japanese government itself halted the move to toe user in twenty sixteen when dangerous levels of carcinogens were found in the soil there tokyo was no declared to use to safe but many remain skeptical yamaguchi joined over three hundred others in tokyo last saturday to protest the move for the fishmongers it's a matter of survival that live near the old market for generations the new market
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is simply too remote now they're unsure if they can pay the hundreds of thousands of dollars needed to upgrade their stands with new equipment for the move to toyota but the protest is most likely futile the ninety five year old market often referred to as japan's kitchen is expected to close without fanfare on october fourth it will then. i opened up the new site on october eleventh. that's it for me and the business team and i'm ballin have low. self global markets thank you very much watching fox. news.
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live you are so wonderful. tore down the wall and reinvented yourself to become a great city judge where once nothing. is now gardens and greenery. diversity and freedom becomes you are living celebrates. the moment. of.
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an unusual friendship. is the story of paul and. is a student from cameroon. the other a filmmaker from germany is rather one not likely never be able to. say whether he chose me or i chose him whatever the case this is the story of how many of. the missing on europe's most dangerous border ah ah. ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah. ah ah ah ah ah ah ah ah ah ah ah ah ah ah. oh. oh. what began as a documentary. for the fall of my parents sacrificed everything for me i can't go back and be counted it. became
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a story about the music. and those ready to help. when paul came over the scene from cameroon to berlin and starts oct fourth on t.w. . welcomes us over from berlin a city that is celebrating gemini unification this week well tell more about that during the shows that kick things off with a look at what's coming up.

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