tv Business - News Deutsche Welle October 22, 2018 7:15pm-7:31pm CEST
7:15 pm
the military station they're not coming into this country in a tweet trump send the migrants should apply for asylum in mexico first otherwise the u.s. would turn them away he also threatened to cut off aid to one douras guatemala and el salvador but the migrants are undeterred whatever hardships they may face along their journey many say that the life back home is much worse with rampant violence poverty and hopelessness. so tune ben is up next. sleeve. carefully.
7:16 pm
you need to do. disco. subscribe to documentary. i think. investors drop saudi stocks in light of the case and the last of the big foreign companies pull out of a key investment summit in riyadh officials scrambling. just one notch above junk status a credit ratings downgrade for italy of one of the markets wide and one of australia's
7:17 pm
last piano makers adds a full two walk to his latest creation but will the instrument keep an age old craft alive. i've been physical and let's do business just about everyone's bailing out now the saudis a struggling to get their international summit up and running. siemens chief executive joe kayser is the latest to pull out of the future investment initiative following the killing of journalists. the german engineering giant is one of the last companies to decide against sending its top executives to the posts in the days that many companies including j.p. morgan and ford had canceled as well as u.s. treasury secretary stephen moved. to give a response to this story from pocas blitz a financial corresponded frank but how. is this going to have knock on effects i mean we're talking about just one called friends but is this going to have no one affects on the economy as a whole for saudi arabia. a lot of people are not going to want to hear
7:18 pm
this but it's probably going to have a very minimal effect on saudi arabia our first three reasons first at this conference business talks are still going to happen russian direct investment fund is going even the u.s. and u.k. do not want to get rid of their defense contracts so they're going to send representatives and with banks like they just b.c. and j.p. morgan pulling out well they're pulling out their c.e.o.'s but they're going to you know go second or third world second reason is domestic reforms i just got off the phone with an analyst in dubai and he said just the fact that women are now allowed to drive drove up insurance policies by twenty five percent we've also got cinemas in the country now so there's consumer spending there's a message expanding that strengthens the economy in the third reason well it's brown dark blackish and smeary it's oil and the price is very very high right now
7:19 pm
much higher than it was in two thousand and fifteen when the country opened up so companies are mostly hurting themselves that they're not coming to this company to this conference ok so the oil could keep pumping this country long pokus in but it's first and thank you. competition authorities in the united states and europe of approved the merger of two major industrial gas companies germany's linda and u.s. based prac said the eighty billion dollars deal will create the world's biggest manufacturer of gases including oxygen helium and carbon dioxide the company's got the go ahead to merge after agreeing to sell off some assets including pranks as european gas business deal is due to be completed within the coming days. italy is here to stay i mean is that just happy conte says his country won't leave the european union but that it will stick to its deficit hike that's despite e.u. criticism the argues the economy needs a lift biggest member state germany has warned rome to be careful with debt and
7:20 pm
moody's has cut a hole in his credit rating italy's prime minister has defended the deficit fostering budget insisting his country needs a new approach to stimulating the economy because previous efforts have failed in the second quarter growth slowed to its weakest pace in nearly two years in. the middle of a big target draft is well constructed and well formed the provisions for growth are very good in respect to what we are doing at the moment. come to his pledge that next year's deficit won't exceed two point four percent of g.d.p. but that's triple the previous government's forecast the italian leader said it would fall below two percent part two thousand and twenty one and that the national debt to g.d.p. ratio would decline as well he also dismissed any suggestion that italy would leave the european union or the euro zone. read my lips.
7:21 pm
no way to get it alexy there's no way to get out of. many italian support runs tough stance against brussels and hope the increased spending will help kick start the economy. and i think all the election promises were kept so they did just fine even keeping their stance with europe which i think is the fundamental battle. but they have a value i think that europe does not have to tell us what we have to do also because they are prejudiced against us thank you harrison to other european countries like canada enough to confidently expect they have to praise europe. on tuesday the european commission is set to discuss and decide the next steps in the procedure first italy's proposed budget for next year. economists francesco joins us from rome now i know the germans don't like debt but you're italian aren't you
7:22 pm
what are you like italy's debt policy. well this country already has a very high debt and while the idea of trying to find policies to help the country get back on its own and grow is obviously an important and necessary idea i doubt that the current policy of farther increasing the debt and in particular to increase the debt for more spending on transfers that is pension spending and unemployment subsidies is a very bad idea for bringing the country back to growth it's not going to work isn't that money to put into consumers' hands to spend spending money spending power and the prime minister is talking about giving the economy some breathing space to rise isn't that justified. no there it's a lot of rhetoric about and you know there's a lot of wishful thinking behind the a.t.o.
7:23 pm
of giving putting money in the hands of the people you hope that they would spend it but in fact that's not what people do especially when people are very insecure or you give them money they would save most of it because these are hard times so it's a technical term this notion of the multiplier but the multiplier that is you know yet the shin on spending that's generated following it when you are spending by the government on these particular items that they're considering is known to be very low moreover you know there's a problem with financial markets if italy though really wants to do its own thing and not rein in dead maybe it's better if it goes its own way and leaves the e.u. at the end of the day. i think that would be a tragedy for the town an economy it would become some kind of argentina of southern europe. and it would also create some big problems for the rest of europe
7:24 pm
because you know the economies these economies are very much interconnected so my own hope is that that's not going to happen ok fingers crossed it was fun to school libby from run thank you very much for joining us thank you. coming to fear chrysler has agreed to sell its subsidiary mcguinty how heavy the order supply will be taken over by. from japan for six point two billion euros the deal will boost the japanese component make his operations in north america and europe chrysler had originally planned to float its subsidiary but was put off by low i.q. or valuations for industrials the takeover will create the world's seventh largest independent composite supplier. ryanair is a seven percent fall in profit from april to september summer is a key season for europe's largest budget carrier but it took a hit from rising fuel costs and lackluster bookings caused by strikes ryanair says
7:25 pm
it will have to keep short haul ticket prices low this winter and the carrier is bracing for more reputational damage cabin crew failed to remove an irate passenger who hold racist insults at a woman the video of the incident was posted online. and one of his trade is last piano makers as just unveiled an instrument the likes of which the world has never seen before the piano has an extra couple octaves which may sound like a stretch but wolf throwing in a few more keys be enough to restore the fortunes of an age old croft. a grand piano as you've never seen or heard it before which twenty more keys than you'll find on a conventional instrument these concert pianists have an extra two octaves to play with. it's the brainchild of this man wayne stuart he's one of the last remaining piano makers in australia and has been practicing the craft for the last forty
7:26 pm
years he's hoping his new creation will inspire fresh interest in the declining arce it's a twenty first century we need we need we need new things we need new horizons and this is really a new horizon the search for new horizons comes as instrument makers in astray and elsewhere struggle to maintain their livelihoods high manufacturing costs at home often mean it's cheaper to buy a foreign made instrument with a price tag of two hundred fourteen thousand u.s. dollars wayne stewart's novelty creationist certainly beyond the reach of an average buyer its new home will be here in the historic by your house a theater on victoria's marring to peninsula getting it there was no mean feat. and after the unveiling the moment of truth when its new owner hears it for the first time.
7:27 pm
we have i think the best blocking piano in the. grand finale for an old craft desperate to stay in tune with the times. the amazing you could be paying more for potato chips and french fries in europe after such a long drought whether it's his crop in old talk potato producing nations leading to a significantly smaller harvest in places like northern france is there if jacking up prices by almost twenty five percent to compensate for the week you. i think business with it.
7:28 pm
7:29 pm
more. they make a commitment. they find. they conspire. africa on the move. stories. both people who make no difference shaping their nation. and their continent of africa on the move stories about motivational change makers taking their destinies into their hands. d.w. multimedia series from africa. d.w. dot com or call a move. to india the new magazine on v.w.
7:30 pm
. rabbit books high tech innovation. big ecological challenges. india a country that's always changing. with people working to create a sustainable future. inventive projects from europe to. eco india starts october twenty seventh on t.w. . hello and welcome to tomorrow today the science show on t.w. coming up on this edition. learning from nature's example how bombs plants and insects can based agriculture. the science behind medicinal plants researches unlocking the ounces. that first
36 Views
Uploaded by TV Archive on