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tv   Business - News  Deutsche Welle  October 3, 2018 7:15pm-7:30pm CEST

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the big. player. played. a little out of. her first day at school in the jungle. the live earth first clueless and. then doris grand moment arrives a. joint direct attack on her journey back to freedom to be in our
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interactive documentary. tour up to ten returns home on d w dot com orangutang. earth a home for saving global ideas tell stories of creative people and a kind of aid of projects around the world ideas to protect the climate and boost green energy solutions by global ideas behind series of global three thousand on d w and online. the country said it was increasing its budget deficit now. it is ready for a compromise on spending. twenty five percent in september hitting its highest level in fifteen years putting more
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pressure on the central bank to deliver another hefty right. this is the business welcome. government and its economic plans continue to keep brussels awake at night the country found itself on the receiving end of a stern warning from european commission president. last week after roman plans to increase its public spending from next year now it seems brussels may have prompted his government to come to a compromise when it comes to its next budget. back its financial markets been jittery in the face of what some feared could lead to a new euro debt crisis. prime minister do sepic contest 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
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government wanted to gradually reduce the country's debt in stages from two point four percent to two percent of g.d.p. 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 unemployment 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 or alerting the of the 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 will
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tackle the issue again today clarity will be essential for nervous financial 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 them will do that with michael hewson is with c.m.c. markets and joins us now from london michael european commission president john called younger suggests an pose agreements like threat 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 could result as a result of italy trajectory getting out of control would it make sense to fall for it to lead to to leave the euro as some leading italian politicians have
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suggested. no not that would be a catastrophic scenario under any circumstances just think about the overall debt the stability of the banking system all of those states would have to be read denominated in lira 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
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and two thousand and sixteen france had a deficit of over four percent and who is the finance minister of france in two thousand and sixteen pm muscovy see who's warning them about the from a huge fiscal row so i think there needs to be an awful lot more listening going on and a lot less talking just very very briefly if you can mark what's internees biggest problem that. the biggest problem of the moment go what is obviously a growing economy crisis 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 and hughes in that joining us from seeing the markets and none. well the italian government has found one way to bring in some
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extra cash is just auctioned off licenses to use its ultrafast five g. mobile phone frequencies raking in an unexpected six and a half billion euros that's well over two and a half times more than it hoped for fota phone italy and telecom italia say they've committed around two point four billion euros between them the surprise income is a boon for rome meanwhile other countries are planning similar auctions with germany set to sell off its fifth generation frequencies next spring. 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 for fifteen years prices 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 what can the average turk do to protect herself well
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many citizens now hold hard currency to mitigate the effects of inflation. euro dollar british pound swiss franc it doesn't matter these customers just want currency that isn't constantly losing its value. istanbul's exchange agencies are a gauge of turkey's economic crisis more and more turks are losing faith in their currency and rushing to exchange their leader us 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 following suit it's a vicious cycle that's only getting worse in january inflation in turkey was around ten percent after year later in june it had jumped to fifteen percent and the most recent figures from september show that the crisis isn't getting better last month prices rose by twenty five percent the highest rate in over fifteen years.
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turkey's finance minister blames foreign speculators for turkey's economic woes saying it was an attempt to cow the country in the coming weeks he hopes to announce measures to rein in the rampant inflation it's a daunting challenge for years president economic growth with loans 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 weak it seems a financial crisis is already knocking at the door. general motors and. honda announced a joint venture that also includes the crew to develop the. g.m. already have a partnership between the three in them for the production of electric cars. companies to bring. to the mass market.
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well famous tsukiji fish market in tokyo is jeff in the institution now fishmongers been there for generations up in arms about a controversial plans to relocate the markets to the newly constructed to shoot side in time for the twenty twenty tokyo summerland dates. tell ya mcgauchie has been tending her family's fish shop in tokyo's famed su kyi g. market for more than fifty years and she's been fighting to keep her store there. this way that way 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. on peak days some forty thousand people pass through tsukiji the sprawling curving
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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 tell you zoo 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 most that live near the old market for generations the new market 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
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often referred to as japan's kitchen is expected to close without fanfare on october fourth it will then reopen at the new. e.u. law makers have agreed to a serious soft targets to reduce c o two levels the media goal is to reduce c o two emissions on cars and vans twenty percent by two thousand and twenty five but denmark is taking c o two reductions one step father had plans on banning all diesel and gasoline vehicles. as connected country. the way in fighting. today just a little business for more has a website that's com slash business thank you very much for watching i'm like.
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wow the world. entered the conflict zone with tim sebastian. i'll be challenging those in cars asking tough questions demanding. as conflicts intensify i'll be meeting with key players on the ground in the sounds of our coaching through the rhetoric holding the powerful to account facts the
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conflicts. conflict the conflict zone with too much of this john d. w. kong t.w. . go on. forces are under pressure they're battling recruiting. outdated and broken down equipment and limited budget. challenges. planes are not enough transport helicopters a must for them in the trade. so outsourcing and a bit is ation are the order of the day in all areas but that can cause dangers. to susie who is finished one the risk of becoming too dependent on private contractors who may not provide the services they promised alchemists liason every day that it was all private sector businesses make money with everything from recognizance
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drones to laundry facilities firms are console training courses in france france germany. are good. just no complex starts october twentieth on t.w. . the last few months are weighed heavily on the german government the coalition almost fell apart there's been violence and hatred on the streets of germany and the domestic intelligence chief was accused of going soft on the far right my guest this week here in strasburg is david mcallister he's chair of the european parliament's foreign affairs committee and a former regional prime minister in germany is angela merkel on the way out.

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