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tv   Business - News  Deutsche Welle  October 6, 2018 3:02am-3:16am CEST

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the you finance ministers are trying to come to a quick agreement for rewriting trade agreements with the us among their concerns europe's crucial car industry and ongoing threats from washington that e.u. imports are targets for higher tariffs. also on the program as the midterms come closer in the u.s. the economy is on fire but will that translate into votes on ballots for the republicans. and recycling in russia people in a small town outside moscow are trying to learn the benefits of sorting your trash . it's time for business on the w. and how you know i guess it's good to have you with us economy ministers of the european union met in the austrian city of in spoke this friday they are trying to find solutions to ease trade tensions and avoid a return to the tit for tat tariff conflict that could hit cars and other products
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made in the e.u. in july president donald trump agreed to hold back on his threatened twenty five percent import tariff for vehicles on the go she ations take place between washington and brussels. german economy minister peter warned that time was running out and called on e.u. members to find a solution to prevent a trade war with the united states. is twofold first of all we want to complete the various trade agreements the european union is negotiating as quickly as possible and secondly we want to drive on the talks to find a common solution with the us so that we can prevent a trade war. french foreign minister john baptista one called for an overhaul of the world trade organization the order that is effective and efficient modernization of the w. cio. austria currently her. the six month rotating presidency of the
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european union it suggested e.u. countries could focus trance atlantic talks on regulatory cooperation like safety standards for cars pharmaceuticals and medical devices e.u. ministers are preparing themselves as best as they can for the upcoming meetings with the u.s. negotiators but all their plans may have to change in an instant depending on the whim of the hewas president. and we stay in the us where the midterms are just around the corner in november the elections will be widely considered a referendum on donald trump's performance as a president and as the old saying goes what decides elections it's the economy stupid that should worry republicans as the us economy is doing just fine as shown by most recent figures but the question is are average americans profiting as much as their companies. workers at online retail giant amazon in the usa now earn a minimum of fifteen dollars an hour from eleven the company is growing fat in prosperous
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times business is booming in the usa people are spending more companies are investing and exports are growing in the second quarter the most recent for which data is available growth was at a record breaking four point one percent that's twice as high as in the previous three months u.s. president donald trump has no doubt who is responsible for the sustained upswing himself but is that really so. unemployment in the us for example has been falling for some time the economic upswing began long before trump came to office under his predecessor obama critics also point out that part of the recent positive data is due to increased orders from foreign companies that wanted to stock up before new tariffs were introduced that showed up as an uptick in exports a one off effect that can't be sustained. let's talk to someone who has
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a close watch on all those numbers was the reason i do is our correspondent from wall street hi alison reeses going to see you so let's start with the basics is it true that american companies are enjoying a windfall of orders for customers stocking up on deals before tariffs it. seems to be the case of your we are with china for example we increase the u.s. soybean imports before tarps go out activated but last august exports over u.s. soybeans they decreased significantly which is means they china now is buying less of them at this same time some american companies are also raising to increase their inventories of a chinese products let's not forget that the latest round of duties a ten percent of dong two hundred billion dollars worth of chinese goods that will increase to twenty five percent airily next year and the ongoing heated trade war between the u.s. and china is also happening at a crucial time for u.s. consumers and u.s. retailers looking forward to that holy days so season to keep the economic growth
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going. jose rizal looking at the markets lower jobs dominated trading though why is job creation lagging behind company profit gains and most importantly is it a bad sign. delighted the latest jobs report a healthier was weaker done expected mostly because of seasonal factors like hurricane florence about numbers for july and august were revised higher with a total of eighty seven thousand extra jobs created corporate profits are increasing but so are sol or is only three tenths per cent thirty three tenths of a percent in september and then on to a rate of two point eight percent but the economist point out that the way to inflation could cross three percent as soon as that car and month which means full employment difficulty to fill in the open jobs and salary cost increase in those profit gains will start to suffer but broadly we will not start really noticing up until next year possibly giving us the perspective there thank you very much for most. and you solar power plant has been opened in ukraine
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a stone's throw away from where europe's biggest nuclear calamity took place three decades ago in april one thousand nine hundred eighty six a botched test at reactor number four in china bill ultimately led to thousands of deaths and clouds of nuclear fallout blowing across much of your. this seed of power for the future next to the sarcophagus of powers past chair noble built in a contaminated area which remains largely uninhabitable these solar panels produce enough energy to power two thousand apartments. and this is just. this is. just wrong. in april night in eighty six a botched test at reactor number four at the soviet plant sent clouds of nuclear
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material billowing across europe and forced tens of thousands of people to evacuate the total death toll and long term health effects remain a subject of debate. the one megawatt solar plant is a joint project by ukrainian company rodina and germany's in a park arche investment in renewables in ukraine is growing sharply in just. between january and september more than five hundred megawatts of renewable power capacity was added in the country that's more than twice as much as in twenty seventeen according to government figures. in the last reactor was stopped in the year two thousand it seemed as though that was it generation of power has died on this platform and this will never generate energy again but now we're seeing a new super out still small we are producing power on this site and this is very
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joyful. but this is one of the rare projects which has european money behind it ukraine is still heavily reliant on nuclear power and the switch to renewable energy is largely being bankrolled by the chinese. it's no secret that separating trash can save our planet but it can also save communities millions in waste management that's why russia plans to introduce garbage separation programs as early as next year but what sounds like a good idea to everyone needs initial funding and know how a small town in russia is testing the new system and is taking things one step at a time. a street party in surrounds a small town six hundred kilometers east of moscow it's being held to encourage locals to sort their waste something few people in russia do among the organizers is twenty two year old political science student victoria was the area seem like news days in the public gym the point of this event today is for local residents to
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find out more about why just sorting. events like this sicko organized biota mondays a german company that specializes in recycling infrastructure in two thousand and eleven it set up operations inside iran and has sound working relations with local authorities. with the she said but he says it will be two thousand and ten when the government of the republic of mordovia was struggling to cope with the amount of refuse. other with remote set up a company of them i mean just now organizing waste disposal. it seems like everybody's satisfied. but even in surrounds why sorting is not practiced everywhere the town has five thousand recycling containers but only eight hundred of them are used yes my dad was about wouldn't you do all i want to people from my balcony. arrived with their bags. and then they separate the
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trash here. ramond these hopes to profit from growing public awareness of recycling in russia it currently has two hundred eighty two stuff in saran skin plans to increase that figure by the end of twenty nineteen it wants to have a sorting facility up. and running here until now last has not been recycled due to a lack of funds for bottle banks a widespread problem in russia. story there are no official regulations governing the financing of waste sorting a lot nowhere else in russia has a system like this one here in san francisco because it's rim on the set itself is paying for. company money. which means a dent in those profits of course but the company is confident the example of surround school be followed by other towns. that's all for business thank you very much for joining us and we'll see you next time take care and have really got.
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