tv Business - News Deutsche Welle October 15, 2018 3:15pm-3:31pm CEST
3:15 pm
and of course we'll continue to update you on that story you're watching t.v. news still to come the e.u. is unhappy with italy over its big spending plans brussels says it is being blackmailed. that story and all of your business headlines with them for the one coming right after. the. time for an upgrade. our furniture there grows old by. a house with no. poor design highlights you can make yourself. trends tips and tricks that will turn your home to something special. upgrades
3:16 pm
yourself with d. w.'s interior design channel on you tube. is known as. you know the banks. and so was the language of the bank. speaking the truth global news that matters g.w. made for mines. saudi sordid investments sophia rain is economic reputation is under question following the disappearance of a prominent journalist. and brussels braces for a contentious trask's budget from rome it promises to new heights on the debt front the european commission doesn't like it what about the monkey. i've been physical
3:17 pm
and let's do business in use just in u.s. president donald trump says he's sending secretary of state might on peo to saudi arabia immediately he's making selman of a missing dissident journalist jamal khashoggi trump says the ruler of the kingdom denies any knowledge of the washington post columnists disappearance or claims he was murdered some foreign companies a reconsidering their business ties. this is saudi arabia as it wants to be seen modern and open but with big business now pulling out of this year's future investment initiative the facade is fading. the alleged murder of saudi dissident. puts pressure on global businesses so to the alleged plots ties to the kingdom's young leader himself thirty three year old mohamed bin solvent the face of saudi arabia's reform story its investment projects and its openness to foreign capital.
3:18 pm
thirteen group c.e.o. richard branson suspended discussions over a one billion dollars saudi stake in version space ventures that the shares of japan's softbank where billions in saudi soften wealth or invest that have also suffered the kingdom stocks and currency took an unusual tumble sunday after trump threatened severe punishment for any involvement in cars should she says appearance . saudi arabia denies the murder allegations and says it won't be bullied the world's largest producer an export of oil it has also suggested it could force prices up in response to any actions against it a forceful response but almost certainly not the one businesses were hoping for. european markets are bracing for a week of uncertainty the british pound is under pressure as a deal breaker looks increasingly likely another headache comes from southern europe as italy prepares to submit a costly twenty one thousand budget plan to the european commission for approval
3:19 pm
the date was originally set for today has now been moved to choose day italy as the biggest date in the e.u. now the government wants to raise the target for next year's deficit to two point four percent of gross domestic product to finance generous welfare promises. a mouth watering carbon era is unlikely to be on the european commission's menu today instead it could find itself choking on today's its highly and main course made up of a whole lot of debt rome is set on increasing state spending but with two point three trillion euros of debt it has the highest level of it in the e.u. and now that figure is set to rise beyond what was originally planned blackmail says the e.u. but the italian government dismisses such accusations. it's not true that our budget works against the well you know this is the narrative of members of european parties who are currently sitting in european institutions
3:20 pm
italy is one of the founding countries of the european union and we've always said that not only do we want to remain in it but we want to improve this union and make it more democratic make it more supportive. but on the street opinions differ about borrowing more money to finance campaign promises. and i believe that the e.u. is carrying out a policy of attack against italy without carefully analyzing its budget no it's just an attack regardless of the content of the budget. we have a government of naive amateurs. honestly i'm very pessimistic and worried. the future of our country. she is about the future are understandable italy's extensive debts will once again put the stability of the euro to the test now that the other problem case greece seems to be out of the
3:21 pm
woods but italy is the e.u.'s third largest economy and the e.u. fee is that economic instability that could have a ripple effect brussels and rome must now cooperate to ensure that the italian national dish remains palatable. to the small russian town of surrounds brand new soccer stadium built for the twenty eight feet. a total of four games were played during torrent now the arena is looking increasingly like a costly white elephant. drug czar's reports. one last training session ahead of a key game second division surrounds playing at home against course if surrounds quins it would help the club stem its do impling gait count hopes here appeared on thirty seven year old striker mohammad chin who also captains the team. the course game is important to us. top of the league right now on the.
3:22 pm
training ground and the new arena are only a few minutes drive apart it's never far to anywhere in a town of only two hundred ninety thousand people surrounds this new stadium cost two hundred forty million euros moscow the region and the town shared the costs ahead of the twenty eight teams of the world cup the tournament left a legacy of modern infrastructure in its wake. county arena. to. humans new and modern for players and spectators. we used to get found at the games now we get families with children coming to cheer is our. surrounds politicians were all for. all the town's world cup extravaganza they also drew up plans for the stadiums used after the final whistle. saying the world over is that about a stadium as a last make up it's only used for soccer. but also has to be used for
3:23 pm
a range of cultural and sporting events exhibitions that's the only way to make a stink. on the. surrounds the stadium gates only open nineteen times a year right now and only for soccer so many question the wisdom of all the expense . people here complain about the new stadium investment. did you want me to slam not the government they decide where the money goes they could've spent it on schools or hospitals they don't let us decide that. many and surrounds were happy with the old soccer stadium where the junior team trains a lot of those youngsters will be watching the professionals later in the new arena which office space for forty five thousand spectators. but most of the seats are empty. and no one sat in the sponsors boxes either. doesn't have enough companies for that things don't turn out well on the pitch either today or
3:24 pm
surrounds gets a hammering. going to play well away we only lose at home we only play for our fans. it's a question of whether the town of surrounds will be able to afford its new stadium in the long term. let's return to the markets now and two big stories that have investors wired first of all let's bring in our financial correspondent frank how anxious are the markets about italy's big budget. well there's nothing less that stake than the financial stability of the eurozone and to be truthful if the euro zone's in trouble if the euro goes downhill and goes crashing than europe as a whole will be affected and so will financial markets and economies the world over and italy's financial situation is seen almost at the critical point we heard just a moment ago how high the indebtedness is and of course at the moment there's still
3:25 pm
the european central bank buying up greek not greek but italian debt and that's preventing worse things if it weren't for that then the there's no way the italian government could go forth with such a budget even so people think it's a very dangerous move and there are fears for the euro because of it another constant worry is breaks it how's the no deal scenario going down way you want. it's going down terribly people think that would be the worst possible situation at the same time it seems ever more likely still even after the deadline is reached there is time to set certain parameters for a transition period and you know people i talked to here there's still hope here in germany on the continent that there might just be a second referendum because they where you are because of bad trade is talking about this next story to the latest developments in the diesel emissions scandal german police have raided the offices of opel on suspicion of the missions fraud
3:26 pm
a spokesman for the company says the comic is cooperating fully but insists its vehicles comply with the law as easily mission scandal first emerged in late twenty fifteen when folks fog was found to be cheating on emissions test now according to the mass education built newspaper opel is accused of hitting over ninety thousand cars with software that enable cheating on emissions days. only briefly what do investors make of this latest chapter in the diesel gate scandal. well you know then they're not surprised i can remember when the volkswagen scandal hit people immediately almost to the first headline hit they said volkswagen is likely not alone on this and practically all the other names have joined one way or another and involvement in these elements manipulation trickery or fraud so no surprise here the interesting question is p.s.a. but the ople just recently what the general motors know when did they know it who knew where he was first and frank thanks for wrapping up the market reaction today
3:27 pm
. and just briefly iran's oil exports so falling as businesses prepare for the reintroduction of u.s. sanctions next month speaking at an event in tehran on sunday iranian president hassan rouhani downplayed the risks to his country's oil industry claiming the sanctions will have no effect his comments come as iran grapples with an economic crisis that seeing the country's currency plunged to historic lows earlier this month the price of oil hit its highest point since twenty fourteen driven partially by investors for seeing a drop in supply from iran. was doing business with a. comedy
3:28 pm
3:29 pm
drivers in my. dotage. forces are under pressure they're battling recruiting problems for outdated and broken down equipment and limited budget. challenges a huge mess in missouri not enough planes the notion of transport helicopters when there's enough tanks have ten divisions that don't have tanks. and. innovation and modernization musta been in a trade. so outsourcing and privatization are the border of the day in all areas but not composed dangers. to sleep what is finished we want the risk of becoming
3:30 pm
too dependent on private contractors who may not provide the services they promised optimist slicing every day that a wall goes all the private sector businesses make more money with everything from reconnaissance drawings to laundry facilities firms article training the foreign forces in france france germany. the jury just no complex starts october twentieth on d. w. . o. and welcome to drive with an e w motor magazine coming up a number of little city car the g.t.a. region of the w's up. the leaders from the world of hauling of the i a commercial vehicles trade fair and the new audi a six i bought.
49 Views
Uploaded by TV Archive on