tv Business - News Deutsche Welle October 9, 2018 3:15pm-3:31pm CEST
3:15 pm
was made at the i.m.f. and was banks annual meeting in indonesia after last month's devastating earthquake people there are demanding the government's focus on helping victims. all of that and more with ben fizzling coming up for you shortly do stay with me i'm. staying up to date don't miss our highlights. program online w dot com highlights. i'm not laughing at them well i guess sometimes i am but i'm still laughing with them and then thinks deep into the german culture of looking at stereotypes the question that indians think
3:16 pm
the future of the country that i not. yet needed to repeat to this grandmother they are believe it's all about ok. i'm rachel join me to meet the gentleman from d.w. post. at . a growth downgrade global stocks slide off the i.m.f. prints its outlook for the world economy. the euro zone's growth full cost also topped germany's agricultural sector especially hard hit. and easels debts a court in berlin rules in favor of a ban in parts of the german capital. have been for one let's do business another bad day for equities the international monetary fund has cut its. global growth
3:17 pm
forecast from four percent to three point seven. trade tensions and rising interest rates you know coming at the annual meeting of the i.m.f. and world bank in indonesia. the world's financial leaders did not receive an open armed welcome here ten days after a devastating earthquake and tsunami hit indonesia protesters want their government to focus on helping victims instead of hosting a summit for the business at least. their message didn't go entirely on her on a visit to one of the most badly affected areas i.m.f. chief christine legarde promised to supply funds. but too. soon after it was back to the usual order of business with the release of the i.m.f. salacious reports on the act look for global growth the spot between the world's top two economies drawing consequences not withstanding the present demand momentum
3:18 pm
in the us we have downgraded its twenty nine growth forecast owing to the recently enacted tariffs on a wide range of imports from china and china's retaliation china's expected twenty nineteen growth is also marked down another factor worrying economists is the rise in global debt in the last decade average national borrowings have risen from around a third of economic output to more than half. that's an especially big concern for emerging economies many of which have seen money leave as a result of a rise in interest rates. with the economic titans at loggerheads and developing countries under pressure the threats to global growth appear very real. the i.m.f. has also downgraded german growth europe's so-called economic engine focused doesn't look good. and has the details for us from frank first how bad are the
3:19 pm
numbers. the international monetary fund says that germany's economy. sorry about that or try later moving on the trade war between the united states and china story would like to talk about every day but now it's tenting germany exports agricultural machinery especially hard hit by the knock on effects of tax hikes. here in london and germany's northwest farmers are partial to america's john deere tractors. although some are produced locally the biggest ones are important customers here are more interested in performance than trade politics. john deere heavy yes but they're built
3:20 pm
strong they have the pulling power of the of the tractors just can't imagine. german farm equipment wholesale a chrono imports john deere machines and exports german machines to the u.s. u.s. sales have no slumped to twenty percent a poor season low milk prices and a slump in soybean exports to china are souring the mood of u.s. farmers german famishing remake us are starting to feel trumps tariffs certainly have a knock on effect on farmers purchase behavior but it's too early to say what it means at the end of the day but one thing is clear and certainty is causing people to hold tight the same money. small and mid-sized businesses in the brook m. slant region geared towards exports around two hundred firms do business with the
3:21 pm
u.s. and some even have production facilities there the local chamber of commerce says washington's protectionist regime and tightened visa requirements are making business more difficult but no company in the region wants to give up on the u.s. market. that's playing to good food this is going for them the feeling is one of insecurity the u.s. government is perceived as unpredictable there are always new measures right now sanctions and more threats that just go down we're all in. on. back on the phone customers remain committed to john deere after all they have work to do. and let's try pulling in colorado's and again at the frankfurt stock exchange to talk about this story first of all those german numbers how bad is the forecast from the i.m.f. . well the i.m.f. says that the gross domestic product in germany this year will be one point nine
3:22 pm
percent the previous forecast made in april was two point five percent so a reduction of six tenths of a percent that's pretty significant of course the reason for this is that germany's economy is so dependent on exports we're right in the middle of this china us trade spats well the reaction of the markets is pretty obvious look at this look at the german share index tax on its way down again what's also down is the euro's the exchange rate towards the dollar plunged to one dollar a fourteen another reaction can be seen on the market for government bonds the ten year u.s. treasury yield rose to another seven year high today of course what's playing a role here is that the u.s. economy is among the few where the i.m.f. did not great the outlook tell me what financial people would like to see happening at this time it made. well of course some sort of common ground let's not forget
3:23 pm
one hundred eighty nine nations are coming together in bali or the finance ministers and chiefs of central banks of one hundred eighty nine countries most of them multilateralist many of them globalists so this is an opportunity to really talk about a common set of rules and it's also likely that germany. will try to play the role of the mediator here against the chief of the bundesbank our top central bank a reserve bank here in germany gave an interview to reuters on his flight to bali where he not only criticize the americans and their trade policies he also asked for referral forms in terms of intellectual property he demands that distortions be reduced by state owned companies and state subsidies and this is obviously emmy. china the country where the state plays such an important role in the economy and
3:24 pm
it is a call of course by yemen's fight fun to look at all the sides of the conflict and to take all the different interests into consideration distortions and downgrades thank you comrade. a bird in court has ruled in favor of banning all the more polluting diesel vehicles in the city to improve equality for submissions scandalous thrust the impact of diesel engines into the spotlight with other countries on the verge of betting the mole together. germany's motorists don't know which way to turn nitrogen oxide emissions have breached legal limits in seventy major towns and cities but which of them intends to ban diesels from their city centers and which cars will be affected politicians are differing at the so-called diesel summit a week ago they agreed with carmakers that they would clean their diesels up but just how they'll do it remains an open question and the mooted measures are not
3:25 pm
legally enforceable anyway. the only thing that certain is that anyone driving a diesel can't be sure they'll still be allowed to drive it in german cities. cities are imposing restrictions or plan to in countries including germany denmark sweden norway britain belgium the netherlands france italy spain and greece. some countries like denmark and norway want to completely ban all petrol and diesel cars from their roads it's a response to data which shows nearly four hundred thousand europeans a year dying premature deaths because of particulate pollution auto emissions contribute to that and e.u. wide limits have been in force since two thousand and eight but hardly anyone's inforce them yet the auto industry is far too important an employer especially in germany now the wind has changed brussels is now insisting that emissions limits be
3:26 pm
effectively enforced pressuring governments and automakers alike but so far there's no answer to the conundrum assume how fossil fuel driven cars can be made and driven also improving air quality. turkey is among those countries for which the i.m.f. as its growth focus today so his day it helps fifty three percent of gross domestic product and inflation is rising faster than at any time in president richard tire bad ones fifteen year old with the lira tanking and inflation soaring instead of one has now told over one hundred companies to justify recent price increases they've made with a view to imposing fines on what he calls opportunists. and a german search engine that donates most of its profits to conservation efforts is offered to buy a forest from an energy company that's planning to cut down eco says its or
3:27 pm
eco zhu cozier rather says it's offered energy. over a million euros for the remaining two hundred eighty days of humble forest in western germany it's unlikely any sale will go ahead a spokesperson for o.w.a. says the company was interested in mining lignite and not in acquiring a forest for its own sake. because you'd have to cut down some of those trees though to mine buster business because you get very sick your arms over .
3:28 pm
3:29 pm
forces are under pressure they're battling recruiting problems don't dated and broken down equipment and limited budgets. all the challenges a huge wasn't mature enough enough planes the notion of transport helicopters when there's enough tanks to have ten divisions that don't have tanks on. innovation and modernization on must of them in a trade. so don't sourcing and tribute is asian are the order of the day in all areas but the composer dangers. this leaflet is finished we won the risk of becoming too dependent on private contractors who may not provide the services they promised optimists liason every time that
3:30 pm
a wall goes all the profit center businesses make money with everything from recognizance drones to laundry facilities firms are going to train the armed forces in france against germany. during industrial complex starts october twentieth on d w. i ever won the. max before we kick off today so let's have a quick look at what's coming up. i just think the russian don't think is fair create in that first round they. believe in inside the elected appointed seven or cell phone five people to some shelters nobody shows up.
25 Views
Uploaded by TV Archive on