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tv   Business - News  Deutsche Welle  October 12, 2018 3:15pm-3:31pm CEST

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this school just west of the capital phnom penh says he hopes to change that. i mean we talked about we must work with these small children because we expect that they will become the new activists in cambodia who understand the importance of recycling waste and i. hope fund day maybe starting small but he's already transformed the lives of these children and their environment. after this is coming up with ben shortly. frank food. international gateway to the best connection self road and rail. located in the heart of europe you are connected to the whole world. experience outstanding shopping and dining offers and trying our services. biala gassed at
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frankfurt airport city managed by for. if you ever have to cover up a murder the best way is to make an accident raring to. never read a book like this. list. the streets. a sigh of relief most global stocks rebound but is it a real recovery or just the beginning of hope you once. and germany central bank says reforming the world trade organization is the best way to solve trade imbalances and. i've been physical and let's do business global stocks are
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recovering after thursday's massive sell off european shares are a third of a percent germany's dax up half a percent it was a partial recovery in asia saying. percent shanghai was up almost one percent prospect of more u.s. interest rate hikes and is trade dispute with china weighing on him based his mines . and his at the frankfurt stock exchange for us how strong is the recovery. it's not really strong ben yes the german share index is trading a little bit higher than last night but on a weekly scale the german dax is still down around about four percent and look at the graph that the german share index is painting here against the wall of the trading halt it doesn't really look like this is a strong recovery and it doesn't look like the nervousness among investors has really gone away in looks like market turbulence and that is something that
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certainly not good for a company going public but germany's just had its second biggest i.p.o. why. that's true four billion euros of worth of shares were sold today of cannot all of a company that produces braking systems and brake systems and steering systems for trucks and for railways demand was really high for the shares despite the fact that this has been such a shaky week on the general stock market and to put despite the fact that those four billion euros will not be invested in the company heinz how much the owner of the company is cashing in by the white hides how much in that tea there is not on speaking terms with his son and that's said to be one of the main reasons for this i.p.o. a succession within the family was not manageable so hides how monti the onces companies to be you know run by professional executives and controlled by the share
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markets i can tell you ben many people here on the frankfurt share market think this is a very good idea and i bet all of them can pronounce the company's name just as well as you can. of course most of the roger. thank you enjoy your weekend. now this could heat up the trade dispute figures show china's trade surplus with the u.s. has hit a record high that's despite washington introducing tariffs on two hundred billion dollars worth of chinese goods. in september china exported thirty four billion dollars more goods to the u. ways than an important financial experts one the global economy could face turmoil if the top two economies do not result their dispute. you know we used spoke with the head of germany central bank at the meeting of the international monetary fund and world bank in bali vitamines says resolving trade disputes would be easier if the world trade organization were reform. it's key to strengthen the multilateral
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trade mechanism and that's the w t o but we all agree. that there are issues that have to be addressed one would be for instance the protection of intellectual property rights but also addressing overcapacity is in some sectors especially the steel sectors have to be discussed but again it's key to rely on this much electoral move through based mechanisms and not to resort to bilateralism and on trump's eyes the major bone of contention remains germany's large trade surplus which is still up hold that this surplus is mainly due to energy prices foreign exchange rates and the quality of german products as you have argued before so is there no need for germany to move at all this is a bit of a simplification of my position of course i mean the point i've made before was that it's key to look whether the trade balance is
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a result of trade distortions of market distortions or not and in the case of germany i don't see these distortions basically the current account is the result of numerous millions of individual decisions especially of course the investment saving balance and then there's a discussion to be to be helt i mean the question is how can we strengthen investment in germany on market based on the market mechanisms and of course public infrastructure also plays a role in this context and this is currently discussed within the government and there are also decisions taken which is packed so white men thank you very much for talking to w. thank you very much. several high profile business leaders are reviewing that ties with saudi arabia of a missing journalist. now the head of right sharing company is pulled out of an
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investor conference due to take place in the saudi capital riyadh later this month british billionaire richard branson said he was suspending to direct the ships linked to tourism projects in saudi arabia france it also announced he put discussions on hold over plans to invest a billion dollars in a saudi space program. the e.u. is trying to mitigate the effects of u.s. sanctions on iran they were imposed or imposed rather after president donald trump withdrew from the nuclear deal besides the obvious industrial restrictions the sanctions have cost the iranian currency fifty percent of its value writing into turning to buying gold to protect their savings. to rounds gold markets in the cities one thousand year old market district are world renowned now world events are driving prices here not. people are not sure what the future will bring i think homes have decreased and living expenses increased so people are worried buying
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gold is seen as an investment from. home and unfasten arrow shopping for wedding rings but the hesitating of the prices the iranian currency is depreciating every day the latest u.s. sanctions already impacting daily life. it will i guess it has to do with world politics and the nuclear energy deal. i'm not so sure but it's all the fault of the united states. the nuclear deal was seen as a lifeline for iran by committing to not develop nuclear weapons the economy would take off would have to trump pulled out and threatened anyone trading with iran many foreign companies that have begun investing here have no left the mood in tehran is no one of insecurity. and i and homemade are keeping their wedding as modest as they can like so many other weddings in iran now a days. girls are trying to keep it as simple as possible ok fashion fights not
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just. talking about honesty or lack thereof the global fashion industry is scrambling to respond to accusations of wastefulness and unsustainability here in germany one company is growing fast by offering second hand clothes online trained researchers say it could be the beginning of an anti fashion revolution. a business shirt. or maybe of light jacket what these items have in common is that they're both being sold secondhand online retailer moments as one of its locations in the town of noir and hog in your brain the company's buying garments for its new yuba brand you won't find cheap castoffs here nor will you find high priced designer clothing these are the classic brands they're photographed stored and quickly resold moma says hoping that more and more people want to buy a used clothing. now and she's not close but
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maybe other things. well i just care some disease i didn't know they did some chemical cleaning well i never. biggest i want my clothes like new. york i've never tried it and i'm not. the uva brand just still in new until recently the company traded exclusively used c.d.'s d.v.d.'s and books but aren't they actually phase out items in times of streaming services and video on demand is coming. every day several thousand customers buy things like c.d.'s from us right now and the great thing is that this kind of business is growing every year we're not shrinking at all we're growing. besides million haagen moments has locations in leipzig berlin and in poland consumers are happy to get
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rid of their used things or by other use died instantly trend researcher page of a man is convinced that the secondhand clothing business has a great future. i think people are rethinking secondhand clothing today's culture promotes it it's the sharing idea you don't have to buy everything new it's the fashionable idea of vintage and possibilities to make styles and of course it's the economic aspect of getting things as cheaply as possible. because the price for the second hand is expanding out of its niche market and becoming socially acceptable swedish furniture group ikea is currently testing the repurchase of its furniture in individual stores if you no longer want your old furniture you can return it and get a voucher for other products from the returns are then resold with special labeling . ikea hasn't determined yet whether it will actually widen its strategy to germany
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. and just briefly singapore airlines has revised its direct route between singapore and york new jersey the world's longest direct commercial flight it took off just before midnight ten took around nineteen hours to cover of a fifteen thousand kilometers a return flight in premium economy will set you back fifteen hundred euros business class a bit more than four thousand singapore airlines launch the record breaking we're going to thousand fold the cancel that nine years later because of rising oil prices the fuel efficient a free fifty nine hundred makes the roof financially by. nice doing business with.
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real rock music needs drums go a little. it was one hundred years ago that the first drum kits came onto the markets thereby revolutionizing the music industry. so happy birthday to the drum kits. the for. your
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robotics next couple of. months forces are under pressure they're battling recruiting problems outdated and broken down equipment and limited budgets. all the challenges a huge loss in missouri not enough planes enough transport helicopters were not enough tanks have temptations that don't have time for. innovation and modernization not a must for them in a trade. so don't sourcing and try beaches ation are the order of the day in all areas but not composed dangers. to sleazy quotas finished we want the risk of
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becoming too dependent on private contractors who may not provide the services they promise talking to listen every time that a war goes on profit center businesses make no money with everything from reconnaissance drones to laundry facilities firms are going full training the fund forces in france against germany. during the stroke complex starts october twenty fifth on d w. w n and so well come to your max bit of your body getting a kick off today so with the drama of one of my favorites heavy metal that is what's coming up.

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