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tv   Business - News  Deutsche Welle  October 12, 2018 7:15pm-7:30pm CEST

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and since you know fans are not croatia are in need of a win after a six nil drubbing at the hands of spain in their previous nations league match ah they face an england side out for revenge after losing to croatia in the semifinals of the world cup. so plenty on the line for both teams in this clash even if nobody's watching the scene a moment. birth . home two of species. a home worth saving. you those are big changes and most start with small steps global ideas tell stories of creative people and innovative projects around the world. that's used green energy solutions and reforestation. to create interactive
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content teaching the next generation about environmental protection. using all channels available to inspire people to take action and we're determined to do something for you for the next generation globally deal as the environment series of global three thousand on d w and online with. mixed emotions on global financial markets turbulence finds its way back on to trading floors for what looked like a recovery loses steam. germany's top central bank has says reforming the world trade organization is the best way to solve trade imbalances. and watch out amazon and online german retailer grows fast selling second hand clothes is this the next big thing. i've been fizzle and let's do business wall street stocks surged in
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early trading on friday recovering some losses from a two day rout it only took the dow a few minutes to climb over one percent up its began to lose ground the small recovery thinks the powerful earnings reports by leading banks j.p. morgan chase wells. and citibank a reported high profits describing the u.s. economy is strong that echoed comments by the treasury secretary he said the fundamentals of solid and called this week's losses a natural correction in a high market. but see what frankfurt traders think our very own current boozing is that the stock exchange. that graph behind you looks full of doubt. absolutely ben investors here in germany remain very doubtful and i think also in the united states too much optimism isn't warranted either despite today's recovery of the dow jones the s. and p. five five hundred and the nasdaq index on
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a weekly scale all of those leading share indices in the united states are still down around about four percent and those banks which reported their earnings today yes they came up with higher profits but in terms of guidance what they have what they had to say was rather underwhelming so it's probably a good idea for investors to stay alert now market turbulence is not good for a company going public is it. that's true but we saw an i.p.o. here today in frankfurt it was the second biggest i.p.o. of this year the name of the company is canonical it's an expert for brake systems and steering systems for large trucks and for railway trains for all billion euros worth of shares were sold here at today's demand was very high despite this being such a shaky week on the markets and despite the fact that nothing of the four million
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billion euros will be reinvested in the company it will all go to the owner heinz hammond taylor who's now a billionaire. teether found it difficult to install a successor at the top of the company from within the family. and that made him decide to. make the company. publicly listed company led by professional executives controlled by the competition all the pockets of huge side of confidence of course in the markets here in frankfurt and despite being weighed down by all that cash is doing a great job of ring that bell comrade who isn't thank you for all of. this could he dump the trade war figures show china's trade surplus with the us has hit a record high that's despite washington introducing time some two hundred billion dollars worth of chinese goods in september china exported thirty four billion dollars more in goods to the u.s. than it imported financial experts warn the global economy could face turmoil if
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the top two economies do not result in dispute. w.'s below him spoke with the head of germany's central bank at the international monetary fund and world bank meeting in bali and five months is resolving trade disputes would be easier if the world trade organization were formed. it's key to strengthen the multilateral 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 multilateral removed 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 you still uphold that this surplus is mainly due to energy prices foreign
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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 balances are 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
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there are also decisions taken of the suspect so weightman thank you very much for talking to w thank you very much. some high profile business leaders are reviewing ties with saudi arabia of the missing journalist john mica shonky the head of ranchera company who has pulled out of an investor conference in the capital riyadh this month but his billionaire richard branson says he's suspending two directorships thing to tourism projects them presidents also putting discussions on hold of a plans to invest a billion dollars in a saudi space program and a senior u.s. official has told reuters that major u.s. defense contractors had expressed concern for the trumpet ministration that lawmakers would block further arms deals with riyadh over this missing journalist so trump had this to say yesterday. they're spending one hundred ten billion dollars on military equipment. things that create jobs like jobs and others for this country i don't like the concept of stopping an investment of one hundred
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ten billion dollars into the united states. because you know what they're going to do they're going to take that money and spend it or russia or china or someplace else so i think there are other ways if it turns out to be as bad as it might be there are certainly other ways here in germany one company is growing fast by offering secondhand clothes online trend researches say it could be the beginning of an anti fashion revolution. a business shirt or maybe of light jacket with 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 hocking near berlin 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 moments is hoping
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that more and more people want to buy used clothing. now i'm not close but 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 yuba brand just still new until recently the company traded exclusively used c.d.'s d.v.d.'s and books but aren't they actually face out items in times of streaming services and video on demand. 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
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million haagen moment says locations in leipzig berlin and in poland consumers are happy to get rid of their used things or buy other used items cheaply trend researcher page of if 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. the returns are then resold with special labeling
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ikea hasn't determined yet whether it will actually widen its strategy to germany. a declaration of war that's what the european cockpit association is calling ryan has moved to close to bases the dutch city of and braman in germany a low cost carrier rising costs it's also reducing capacity in a second german facility in. in ousmane could worsen relations with pilots unwilling to relocate the irish kariya is hoping to strike deals with the unions in the coming months to end a wave of strikes. and singapore airlines has revived its direct route between singapore and you the world's longest direct commercial flight it took one thousand now as a return flight in premium economy will set you back fifteen hundred euros business costs a bit more than four thousand yell and launch the record breaking move in two thousand
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and four but cancelled it several years later jujube rising oil prices. the fuel efficient a three fifty nine hundred makes the road financially viable again. nice to business i think. i'm.
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not. sure of. what unites. what divides. the man let's try to force. what binds the continent together. the answers and stories of plunging the. spotlight on people. on.
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their song going to survive this night kaja i don't think. we are scared we are very scared me and distant and to me nothing to hide from this might even still. bangladesh what is the true face of the country look like. modern freedom independence the separation of state and church that used to be important but for decades political infighting here as hundred progress and islamist extremists are gaining more influence gone you know we call for the removal of lofty laws laws of democracy and the rule of law are on shaky ground. you've just got to get into we. love this should be. a pretty. and i feel. bangladesh the dawn of islamism and exclusive
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reporting starts october eighteenth. hello and a warm welcome to focus on europe i'm so he's almost gone donating organs can save lives so why does it happen so rarely in europe germany is facing an acute shortage more than ten thousand.

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