tv Business - News Deutsche Welle October 23, 2018 3:15pm-3:31pm CEST
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that since it is from the netherlands she was very dark red and was down the set to jim and on jake when she changed tactics and turned the match around that was one of the second and then the third set in a dramatic fashion to gain a big edge in the group stage of the tournament. more on saudi arabia's predicament coming up just in a moment with ben physician and business is to stay with the news if you can. they make a commitment. they find. they can stronger. africa
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. stories about people in a different shaping their nation. and their continent africa on the move stories about motivational change makers taking their destinies to their. t.v. series food for a cause. called africa. the saudis say they'll hold the killers to account the turks called the death of a dissident saudi journalist a political murder as the international tension rises more foreign investors pull out of a key investments summit in riyadh. a u.s. judge upholds a verdict finding bias monsanto liable for failing to warn its weak killer can
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cause cancer. and the longest sea bridge in the world it took a decade to build and cost the chinese billions doesn't make economic sense. i mean first of all when let's do business stock markets slumping geopolitical risks rising including tensions between the middle east and the rest of the world over the death of a saudi journalist was it a political but as the turkish president claims corporate bigwigs seem convinced as they pull out of a conference in riyadh today but that doesn't mean deals won't be done behind the scenes. kitty dimitri you see there i should direct investment try an idea. the organizers had launched a charm offensive to ensure the conference minutes. with a high profile roll call of business names due to attend but the reality on the ground as the conference opens is a sobering one. among those giving the event
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a miss on the u.s. treasury secretary the head of the i.m.f. and the c.e.o. of industrial conglomerate siemens joke asia he cancelled only at the last minute prompting further criticism back home in germany. i. meant saying the business of business is doing business business has. the responsibility is this leaders also moral leaders in our well now. ford j.p. morgan and i have likewise dropped out of the event the organizers have refused to reveal just how many guests will be absent and have taken down a list of plan speakers posted earlier on line. the three day meeting dubbed davos in the desert is still expected to see the signing of major billion dollar deals. saudi arabia wants to become less dependent on oil revenues spied on first refining its economy needs launched an investment for
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a range of new infrastructure projects the promise of job creation is another factor one in three people under thirty in the kingdom are currently unemployed investors had seen the young crown prince mohammed bin salman as a positive influence for the future after he lifted the ban on cinema and permitted women to drive cars. but after the international outcry over the death of dissident journalist jamal khashoggi in the saudi consulate in istanbul many companies are putting distance between themselves and the regime. we asked dubai based financial analyst in some cases be if companies pulling out of the conference should fear reputations. and of course we do not expect the government to hold grudges against the corporates but also showing showing some faith in the saudi government and its and its judgment would be a positive thinker certain companies to do it's understandable that companies such as siemens itself has been under large scrutiny before before the before the reluctant. exit on the behalf of the c.e.o.
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from the investment summit however in the long term these deals are quite large and they serve a bigger purpose and it's the vision of twenty third and i think this is a long term goal that saudis not willing to give up the spite the current mishaps that are taking place right now definitely certain companies who have decided on not going to the or attending the investment summit will be punished in a certain way not quite sure how but an example would be instead of giving thirty billion dollars deal to a certain company it could be outsourced to several smaller companies and that way you would lose that deal so. you just coming in the european commission is about to reject italy's budget it would be an unprecedented step for brussels the main concern for the commission is that rome's new plans to boost spending could see debt balloon. 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
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the second quarter growth slowed to its weakest pace in nearly two years. some of the big draft is well constructed and well formed the provisions for growth are very good in respect to what we are doing at the moment. he has pledged 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 by two thousand and twenty one and he charan t. 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. no chains no way to get it. there's no way. you know so. many italian support runs tough stance against brussels and hope the
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increased spending will help kick start the economy. and start 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. about that your home in value not your face i think that europe does not have to tell us what we have to do also because they are prejudiced against us and comparison to other european countries. to yet another story weighing on traders' minds today a big drop in buy a stock is dragging down frankfurt share as a judge up holding a verdict finding its new acquisition monsanto liable for not warning the school grounds keeper that its weed killer could cause cancer but the us judge did cut the damages bill from about two hundred ninety two seventy eight million dollars on some who says it's pleased with the reduction but will still appeal the verdict saying there is no scientific proof linking expensive oversight ground up to cancer
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. that's bull and financial correspondent in frankfurt. way does this leave by a because investors don't look happy about this. certainly there are shares faster than you can pour roundup over your garden over twelve percent share price has gone down and that's because buyer fails to convince both the judge and the jury that there is no link between its product and the cancer cost of this man and that means that more people are likely to come forward and push their cases against fire there are over eighty thousand of these cases in the us. alone and the product is license for over one hundred thirty countries so that's potentially a lot of money in fines that the company may face and that's when the c.e.o.
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of buyer was very very convinced that he could turn around the image of months and that's been toxic in the past that it was definitely a risk by buying loans other knowing. what was going on legally has this merger been built on solid ground would you say. well they. have a say so in this cvs to become number one in agriculture and that's of course a big step but worries are increasing and they were there ready to be when the merger with was approved that. on the sea off buyer might have taken up too much first of all the price sixty six a billion euros that was only going to be profitable if in the coming years agriculture is going to have a boost and analysts are not sure that's going to happen the second is corporate culture it's less thing clear that both companies are going to work together we've
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seen daimler chrysler fall apart because of that and leverkusen does not like monsanto and now we've got this potential of so many more lawsuits coming that will increase the price tag even more so is the harvest going to really make it profitable big question mark ok lots of question. because it but it's in flight. two local produce b.m.w. is diesel problems of multiplying the german car maker now recalling over one million additional diesels it says an exhaust system problem could cause a fire in extreme cases the recall affects models made between twelve and ten and twenty seventeen the m.w. says cooling forward could leak into the exhaust cooling system a mix with other substances posing a potential fire risk in aspen brings the manufacturers' global recall to a total of one point six million vehicles. china is building bridges in this case the longest of its kind in the world it's fifty five kilometers long but the bridge
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is not just a prestige project it creates a link between mainland china a cow and hong kong sub dispute its usefulness. the mega structure crossing the pearl river delta links moment china to an economic zone that is already one of the most dynamic in the world. it will cut the commute to and from hong kong from four hours to one. i declare the hong kong macau bridge open. the chinese president xi jinping officially opening the bridge two years behind schedule the structure includes a seven kilometer long underwater tunnel and was built to withstand earthquakes typhoons and collisions with ships but the project is not without its critics especially in hong kong some point to the project going fifteen billion euros of a budget while the territory has a deficit of affordable housing for others it symbolizes beijing's ambitions to
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further integrate hong kong into china and erode the city's autonomy and freedoms if not exactly necessary because hong kong is connected to mainland china in every way already by land by air by sea the pearl river delta economic zone comprises eleven cities which now have hopes of a tourism boom. similar to that enjoyed by casino hope macau the mega bridge opens to traffic on wednesday complete with possible controls the number of vehicles using it well initially be restricted leaving many locals having to take a bus to cross it. isin business with you.
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