tv Business - News Deutsche Welle October 16, 2018 3:15pm-3:31pm CEST
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sort of matches. you're watching d.w. news still to come the business world mourns the passing of microsoft co-founder paul allen bill gates currently in berlin because the allens life was dedicated to improving other people's lives. then for the one we'll have that story for you coming right up and dozens. of. earth. home tunes of species. go home worth seeing if you can. get those are big changes and most start with small steps but the ideas tell stories of could induce people into innovative projects around the world. to use to control the climate loosed range solutions and
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reforestation. interactive content to choose the next generation of doesn't want to touch actually. using all channels available to inspire people to take action and more determined to build something here for the next generation along the indias the environment series of global three thousand on t.w. and online. the digital. europe still going to fall apart because of italy's big budget a promise from italy's economy minister he says substantially raising the deficit will boost growth not date. diesel gave fumes a go for audi as german prosecutors slap an eight hundred million euro fine on the german comic for emissions cheap. and the business world won't pull allan how the
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microsoft co-founder used his vast wealth to pursue his passion and ambition. amid fizzle and let's do business european commission president. says italy must stick to its commitments rome managed to get its dropped budget in on time by midnight last night along with all of the eurozone member states but the commission's been warning italy's proposed deficit represents a significant deviation from its agreed economic path the populist government wants to stimulate the economy with a spending hike of thirty six point seven billion euros next year almost two thirds of that will be funded by a higher deficit a much higher defense at that is two point four percent of gross domestic product all the programs it wants to fund sound nice raising the retirement age basic income for the four there were fears these measures will put the date.
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sima group setting by first in rome let's start with the economy minister zagi meant that this budget will boost growth and not day it's how valid is that. well that's certainly what the government is thinking will be the case they believe by spending more they will actually be able to offset the slowing economy here in italy and also alleviate poverty and that's why did put in place this basic income for the poor as well as tax cuts for the self employed and cutting their retirement age which they say well then three out jobs and create employment for the u.s. it silly now where's the money going to come from. cutting the most generous pensions and they're also expecting to eliminate tax rates for banks on the interest payments so these are some of the measures that they say will be able to free up money in order to provide for those that need more stand therefore will boost the economy now that's what the government says but the commission though disagrees wholeheartedly and says that this is just going to hike up its at least
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public debt it will commission was irate to put it nicely when this these plans first came to light this draft is now within the e.u. for the next fortnight to do you see the response changing in any way. well we've certainly seen strong reactions today from the e.u. commission president saying that if they agree to this there's going to be a revolt in the e.u. with people saying that they're too flexible with italy but i think the e.u. as well as its leaks are going to be looking at how markets react and also a while they want the accounts to be balanced they also don't want to stoke too much of the a populous resentment not just here but in other you countries as well i think a lot will depend on what happens in the next two weeks the economy minister is going to be selling his case to the e.u. and its least prime minister will be meeting the leaders of germany and france as well as leaders to put forward their case the rationale for this kind of budget see
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the one thing i'd like to know the media's been talking a lot about italy's debt growing and the fact that italy already has a mountain of debt is there a plan by the government or any willingness to actually reduce that tick well if you look at the budget proposal that's been put forward their full cost believes that by putting in place these expansionary measures growth will rebound and therefore the debt will be reduced as well as the deficit will fall so that their argument really is very cunt trusting viewpoints and as you mentioned it's going to be a very interesting a couple of weeks ahead to see how you respond to this officially and how the taliban government is going to take that having said very clearly that they're not willing to back down seem a very interesting days thank you very much for filling us in. allow the a day goes by without a new chapter to the admissions saga german premium comic audi now faces an eight
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hundred million euro fine for its part in the cheating scandal a subsidiary says it won't contest the fine issued by german prosecutors of the deviations from regulatory requirements in diesel engines investigations focused on the manipulation of the occult since two thousand and four the costs will directly impact these years earnings will be dealt with. and it's fallen only bought south the natural man in frankfurt only audi's of premium brands we know that will eight hundred million. no not if you look at the reaction of the stock market here of course that's a lot of money to you and me and to anyone else but volkswagen is making huge profits billions and billions each year again after despite the diesel gate scandal two thousand and fifteen was a bad year two thousand and sixteen not that great but since then the profits have been coming in again a large margin and also cash flow which means nothing less than liquidity that it
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can pay its bills on time and even with this eight hundred million it can the share is going up the volkswagen share mostly on. the fact that there was a positive comment by an analyst from a bank but you know it doesn't mean that it's out of the woods yet if it can stand this eight hundred million there's still more court cases to come in germany for example on jilted investors who feel that it's a v.w. in form too late and also by people who feel that they deserve to compensation for their cars that were manipulated and there's been some very interesting comments coming from being dealt you would sell. people they're lashing out of politicians i believe it doesn't sound like there's been much soul searching going on at his parent company which actually spot the saga. that's right and it's no one less than have at these the sea of folks wagon and the nerves seem to be getting
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a little frayed there because he's lashing out at politicians and other critics he's saying that they're hurting the car industry with their campaigns against cars taking on existential dimensions he's talking of about hysterical campaign and i just thought signs in a few cities with problem areas and he says that if you look at the car industry he fears that the german automotive producers will only stand a fifty fifty chance of being among the world's top ten in the next little while. hysterical i find that an interesting word considering it's all about al health. that's right or has in frankfurt thank you. european battery makers are about to get a welcome boost the e.u.'s competition watchdog has announced plans to inject nearly two hundred million euros into making the power cells that overturns a previous ban on subsidising the industry behind it is the rise in electric
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vehicle production right now many comic is have to depend on battery cells made in asia for their electric vehicles response a year ago several e.u. countries and economic experts found that the european battery lines to encourage sustainable path for production in the block. the business world is in mourning palauan has died at the age of sixty five the microsoft co-founder ranked among the globe's wealthiest people and he put that wealth to use from personal computers and conservation to broken chips and american football. when the seattle seahawks won the super bowl for the first time in two thousand and fourteen paul allen could hardly contain his delight seven years earlier he'd brought up the american football team on behalf of his home city but the man estimated to be worth around twenty billion u.s. dollars wasn't just interested in sports teams and he also invested vast sums in
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medical and scientific research and set up among other things a foundation and an institute this was how allen made his fortune microsoft in one thousand nine hundred seventy five he convinced his school friend bill gates to drop out of harvard university and co-found the computer company while gates mainly focused on growing the business allen was the techie with the operating system m.s. dos and the text processing program word he helped bring the home computer into people's lives after eight years at microsoft paul allen left the company following a cancer diagnosis he went on to recover and continued to work for decades but recently he revealed the disease had returned he died from complications arising from it. opals made the gates just happens to be here in berlin pursuing a passion of his fighting poverty his foundation's organization goalkeeper's has released a report showing the world's poorest areas are growing the fastest especially in
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africa gates says we have to act now. the good news is that worldwide extreme poverty defined as living on less than a dollar ninety a day has fallen drastically in the last three decades the bad news that extreme poverty is now concentrating in fast growing africa. by two thousand and fifty almost ninety percent of the world's extreme poor are expected to live in sub-saharan africa many of them in the democratic republic of congo and nigeria does the call from gates for more aid more resources and more investment will the world's done a great job getting people out of extreme poverty but it's can be a huge challenge in africa with the population growth the disease burden there so our innovation in new tools our aid generosity we're going to have to do an even better job in africa than we've ever done in the past sustainable practices across
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the west are also a focus because even in somalia i've personally seen in somalia and in the chad region how plants and animals are dying and how the people's livelihoods go with them but to really understand it means realizing that we in europe and in germany are part of the reasons for this change oh slows us and use and treaty long family planning nutrition and disease control are also seen as critical the stakes are high nothing less than africa's future. nice doing business with you.
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speech and see my upset of your most vicious when. your romance nets off t w. oh boy oh boy. oh boy. forces are under pressure they're battling recruiting problems outdated and broken down equipment and limited budgets. all the challenges a huge mess and mr enough times transport helicopter. tanks have temptations that don't have time sunk. in innovation and modern. non-sentient a must see them in a trade or low so outsourcing and privatization are the order of the day in all areas but not composed dangers legislate sequoias finish we won the risk of
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becoming too dependent on private contractors who may not provide the services they promised often used to listen every day that the war goes on profit center businesses make money with everything from reconnaissance drones to laundry facilities firms are infiltrating the front forces in france france germany. playing the jury industrial complex starts october twenty fifth on d w. played. today making his cousin full stop the talk of her rank and he has invited to join him in his studio in north london scansion town district.
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