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tv   Business - News  Deutsche Welle  November 1, 2018 12:15pm-12:30pm CET

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after breakfast. ben will have the details on that story and the rest of your business headlines coming right up and one minute. how about taking a few risks you could even take a chance on love. don't expect happy endings. the church. it's. not often that well i guess sometimes i am but most of the things which are the
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result of them thinks deep into the german culture of looking at stereotypes a question that is think the families of the countries that i not. yet needed to take from this drama. you know it's all about a new i'm rachel joins me from the german sunday to be a post. good use for london's financial district the u.k. and the e.u. could be close to a break the deal allowing banks to stay put but still do business with the blog. fear and concern among businesses on both sides of the irish border over the u.k.'s divorce from the e.u. . and germans can launch a class action lawsuits for the first time from today guess who this suing. i'm in physical and let's do business
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a british official says prime minister to resign may is close to striking a deal with brussels that will give banks continued access to the european market after brags that it would mean financial services in london would not have to move their headquarters to the continent continue doing business with the e.u. the british pound again point six percent on the news the financial sector contributes an annual one hundred twenty billion pounds to the u.k. economy. analysts craig golden joins us from london is this the breakthrough we've been waiting for craig. i think it's one of the breakthroughs we've been waiting for necessarily resolve the issue of the irish border in the stop hopefully those discussions all ongoing i think is still an extremely important one though because this is the thing that may help it get through pollens ultimately this is a hugely important sector to the u.k. as you've just alluded to it contributes around three and a half the u.k. employment and seven percent of you calpol and eleven percent of u.k.
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tax receipts so naturally this is going to be one of those things that's going to get m.p.'s on science but what about the savings here for the banks and financial institutions how much could a deal like this actually save them. well it's huge i mean not really we have seen policies and procedures put in place in order to deal with the possibility of a no deal breaks it will all ultimately these banks and financial institutions would rather avoid having to do so the costs associated with opening a new office in the region is obviously very significant you've got to stuff these offices and determine whether you're going to let stuff go in the u.k. in order to in order to cover that so the costs associated with this a massive so if they can do this can be avoided the not truly the feds will be very pleased but what about all the lead does that have already moved operations to paris frankfurt and other european capitals a lot of explains the frustration these firms have shown towards the u.k.
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government not just because all of the time so you can come to this agreement the secrecy with which it's being carried out but obviously if you look at from the government's perspective this was this how to be part of the procedure because ultimately they call the show that hands the you while engaging in a negotiation i think this is just going to have to be seen as the best of the bad situation for these firms now the pound is definitely rejoicing on these news tell tell us about what you expect of the pound in the coming months. but i'm personally quite bullish of on the not simply because i think it's going to get done what we've seen today and head today is a positive signs was the rumors overnight and the reports that rob expects a deal by the twenty first the november it's the breaks it secretary is again on the positive step alternately i think both sides stand to lose a lot mainly the u.k. of course in the event of a no deal breaker which is why i'm convinced that there will be done and i think
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a lot of pessimism is now priced into the markets which ultimately i would expect in the event of a deal being reached a lot of optimism there from our analyst in london crego and thank you very much for joining us here on the dell we. thank you. business leaders are demanding clarity over trade post briggs's and goshi asians are stalled the irish border a major sticking point once a focal point for sectarian tension it's now become a place of prosperity. the border running through the tiny irish community of muff is hardly recognizable anymore to drive the few miles to derry has become something quite normal in recent years derry is in northern ireland which is part of the united kingdom before the border was heavily guarded if you look for them you can still find relics from that time most people here don't want to go back to that the open border has brought many people jobs and a steady income it's also made the region attractive to tourists. one hears
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a similar story everywhere along the five hundred kilometer border between northern oil and the republic of ireland. but bricks it is making people here nervous for a long time no tradesmen have worked on both sides of the border businesses have branches in both countries and if hours long border controls were reintroduced the tourists who brought the region modest prosperity would also stay away. reporter sullivan is from the border region and was just back there last week tell us and describe to us how the situation there has changed over the years from. when you were born right right up until today well when i was a child i was born in the year he's and i remember we used to regularly visit family in county donegal which we had to go through the border to reach and at that time it was a case of driving up to a heavily militarized border with british army soldiers who would come out check
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the car generally there if they knew at that stage what people to look out for not but it was quite a tense time as a kid i remember crossing the border and i can only imagine what it was like for people who live directly at the border crossing all the time in terms of the present time from the ninety's on so when the master treaty was signed pretty much that was the end of the costumes and the only checks that are meant for security checks and then that ended in the late ninety's with the good friday agreement of one thousand nine hundred and since that time. life around the border region has if not quite flourished greatly improved understandably because there's no border there anymore so it's just like any normal place so to business is now telling you you spent four days there reporting for us just last week what sort of stories that you hear there's a lot of fear and concern a lot of businesses i mean the level of cross border interaction commercially is huge understandably supply change or supply chains are entirely dependent on an open free border there's roughly thirty five percent of northern ireland's exports that doesn't include what go to great britain or to the republic of ireland and
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there's a but i'm not sure exactly the percentage for the other way around but it's roughly one billion here since he levels of interaction and there's obviously massive fears that any return to previous customs posts or border arrangements like existed previously will potentially ruined us that level of interaction at the very minimum jeopardize that some of these businesses taking precautions yeah absolutely i mean a lot of them have already cut back their accounts the business owners i spoke to particularly in the agriculture sector and in the manufacturing sector particularly on the southern side of the border they've already started cutting back on their northern accounts and started looking for alternative suppliers which remain in the e.u. and then on the northern side there's a lot of businesses that are looking into that no bases on the southern side of the border so in the event of a hard so-called hard bags it and return to questions arrangements that they will have an e.u. base close to home that the underlying so i mean all those measures taking a toll that will cost money what about the full in the value of sterling as well i
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mean that would be affecting them to a yeah well that's something that's already noticeable so obviously all the stuff i'm talking about is hypothetical but the thought of starting israel has already happened and when you have two different currency regimes just across the border from each other people are not going to be spending money in a different jurisdiction and it's obviously a lot more expensive for them to do so so a lot of the business owners i spoke to in the republic of ireland side of the border have said they've already noticed quite a decrease in the amount of northern ca. they're getting particularly again in just normal shopping towns and stuff along the border personally is this something that frustrates you the whole briggs it issue and the fact that it's affecting where you come from and the potential of the region it does frustrate me immensely and that's common across the board amongst people throughout ireland north and south regardless of their political persuasion because it's i think there's a degree of frustration particularly with the braggs appears in the u.k. that they have jeopardized something without actually realizing the costs during
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the u.k. independence referendum. sorry just one more question is there a positive the could come out of all of this i know some people are talking about irish unity yeah absolutely it has sort of accelerated that question in the event of a bad drags on the north struggling there could be a huge increase in support for enough casual art and thirty strong levels of support for it but it is probably not quite close to a majority yet but certainly if things continue in the van that they're going and if the braggs is particularly bad there could be sufficient support for what's called a border poll which the british government could potentially call and that could lead to reunification have been interesting stuff thank you very much for your reporting of the coming in today. german motorists of filed a class action suit against v.w. over emissions cheating you legislation allows consumers here to jointly sue companies for damages for the first time according to the plain leaves deliberately cheated drive is by using software that manipulated emissions results these alone
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is in sign up to litigation for free such lawsuits a common practice in the us way b w had to refund the full purchase price of vehicles to most customers. and cope is following this story for us from frankfurt daniel if you're there and you can hear me tell us about not only b.w. but the other comic as well b.w. isn't the only one that was caught cheating. are they in trouble as well. yes man i can hear you clear and have very good hear from the frankfurt and yes we're already hearing from the eighty a c. that's the biggest german. death as the interest of their members is extremely tall can hear of all potentially millions off a car owners who could join this lawsuit and yes we have to remember they are other car companies here in germany that have been cheating as well. just to name
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a few of them so yes potentially other lawsuits could follow as well that you hope for is at the frankfurt so exchange loud and clear thank you. and just briefly the first smartphone with a full screen has been down veiled a little learned company called royal presented the device in beijing has a seven point eight inch display because of the many tablets the company says the first orders will be shipped in december competition is just around the corner the samsung foldable smartphone is set to make an appearance next week. on ice doing business with you.
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the poison is coming out of the taps in the serbian province of vojvodina the drinking water is contaminated with dangerous levels of arsenic protests are ineffective the office already is armed passive and concerned residents are incredulous. taksin from the time.
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next on t.w. . enters the conflict zone confronting the powerful. after thirteen years in power and some damaging state election results are going to close all fourteen is visibly waning how no kind of movie anglo muckle cling on to calm my guess is most gun short lived one of the most free bus and infamous politicians in germany conflict so food food in sixty minutes g.w. . closely. to see carefully. don't look too soon she needs to be a good. match if.
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you discover the old. law. subscribe to the documentary on youtube. hello and welcome to focus on europe with me peter creighton now i was born in england and when i was growing up the u.k. was very much under the shadow of what was called quite simply the troubles the violent clashes the.

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