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tv   Business - News  Deutsche Welle  November 6, 2018 6:15pm-6:31pm CET

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in cameroon in the past but as of now this is all speculations it's very difficult to say what's really going on because independent journalists or observers are not allowed to enter this region right now and local journalists are not free to report from there right here in krishna reporting thank you very much. you know washington we need to solve a lot more to tell you about including as everything goes digital more and more people are moving in the opposite direction and it is making a comeback and companies are pushing in on the vintage revival steve i know we'll have that for you coming right up. i'm not going to think that that well i guess sometimes i am but i'm standing up and went to them and then thanks to you consider german culture looking at the stereotype the question if you think the future of the country that i now know i'm right. yes you did see everything from his grammar. it's
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all that good ok next time a job join me to meet the gentleman from d.w. post earth the home for saving google india's tell stories of creative people and to kind of aid of projects around the world ideas to protect the climate and boost green energy solutions by global ideas the environment series of global three thousand on d w and online. at the. crucial midterm elections in the us are underway as americans go to the poll we take a look at how german corporations are playing a role in campaigns and what they're hoping for in return. as the world becomes increasingly digital more people are looking in the other direction they're going analog companies are now cashing in on a vintage revival. i'm seeing there's in berlin thanks for joining us there's been
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a record amount of donations made in the run up to today's mid-term elections in the u.s. among those spending money seventeen german companies which have contributed to u.s. senate and house races. in total german companies gave two point six million dollars for this election to both republican and democratic candidates among the biggest donors are chemical company b.s.f. and telecommunications firm deutsche telekom with more than six hundred thousand dollars each contributions by pharmaceutical maker buyer clocked in at two hundred sixty thousand dollars. now to shed a little bit more light on this my colleague miles or of a column is here with us in the studio malta two point six million dollars where's this money go and it funds the candidates campaigns quite simply speaking it goes to both the democratic and republican candidates as we've heard german corporate money this year. mostly to republican candidates fifty nine percent of the money.
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and essentially companies are putting the money where they think it will benefit them in the future take the example of t. pac or the dutch a telecom which owns mobile in the u.s. they for instance gave ten thousand dollars to greg walden who chairs the committee that oversees tele telecommunications so you can see that that's obviously quite a link between the business and what this man is doing in politics and this is where this money is going so we know that american companies of course contribute to elections it sounds like what you're telling me it sounds like exactly what american companies do is there any difference why are german companies contributing in u.s. elections actually that's not so much of a difference because the german companies that are contributing are also the companies that are doing business over the. tens of thousands of jobs linked to the activities there billions of dollars and in revenues and so obviously there are also business successes dependent on the political climate over there which is why
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they're obviously trying to shape it which is nothing out of the ordinary other countries are doing it as well francisco. french corporations have put money into complains swiss companies have. germany is just one in a long list ok so maybe part of a larger sure that we've seen of course like the american companies they are also benefiting from a political decision there so how does this happen does someone from b.s.f. call up a congressional candidate how does it happen that they make campaign contributions . it's not that easy because actually corporate donations are prohibited in the u.s. but there's a very wide loophole cold packs. political action committees that companies can use so they are independent from the companies bought linked to them and certain ways. all the individuals in a company can contribute to a pac that will then donate the german companies have said no we have nothing to do with the pacs are doing independent they do what they want but if you look at the
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structure of how the pacs are made up who sits in the big positions who puts puts in a lot of money as well you see that these also the high ranking managers of the companies so it's quite fair to say that there is a link between what the pacs are doing and the companies behind them so one last question here what difference can this really make in the midterms two point six million dollars yeah we really have to see this in perspective two point six million dollars out of a total of five point two billion dollars in the campaign funding that we've seen this in the midterms so it's really rather small. but nonetheless it is a shed is a piece of the puzzle and yet it represents german business in these elections ok so part of a larger piece of contributions going to this massive elections are over common from business thanks for joining us for explaining this. facebook has blocked one hundred fifteen accounts ahead of today's american mid-term elections the company
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said law enforcement notified it of suspicious activity believing the accounts may be linked to foreign entities the social network then blocked eighty five accounts and its photo sharing network instagram and thirty on facebook itself the instagram accounts were in english while the pages on facebook were in french and russian authorities said their aim was to influence the political debate and interfere in the election. now german prosecutors have searched offices of u.s. asset manager blackrock in munich up to thirty investigators from the cologne district attorney's office were reported to have looked for evidence related to disputed tax refunds between two thousand and seven and two thousand and ten a spokesman for black rock told german daily hundreds blott the company was working with prosecutors in an ongoing investigation. and this investigation is part of a sprawling european tax scandal under the a legit arrangement more than one hundred banks are said to have repeatedly loans investors stocks to one another to earn back tax refunds from german state and
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federal governments several times over despite having only paid the taxes once the german government has long been criticized for not doing anything about these tax dodges which are worth billions of euros even though they knew it was going on now freezer schmetz head of the supervisory board at black rocks german entity is a contender to take the leadership of the christians in a credit union after uncle americal steps down. we asked our frankfurt correspondent conrad who isn't about what this news could mean for vets. the deals . we are talking about here have happened between two thousand and seven and two thousand and ten that's before mats became the chief of black supervisory board here in germany but it's quite likely that it is that his critics won't be interested in the fine print for them matts is a nasty capitalist anyway and he's also a millionaire to people i talk to here find it difficult to believe how the simple
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act of lending stocks so someone might be illegal short selling is another speculative strategy where the lending and the borrowing of stocks is involved making the lender responsible for what the borrower does that would be like making the issue of money responsible if this money is being used in crimes so it's likely that black rock here is more of a witness than a suspect sting in europe italy's putting pressure on the european union to place an easy you wide tax on big digital companies by the end of this year at a meeting of finance ministers italy's giovanna said rome will go ahead and apply a national tax if there's no deal from the e.u. itself member states are divided on a proposed e.u. commission plan to place a three percent tax on the turnover of big internet companies countries like germany and ireland oppose the idea in fear of retaliation from the u.s.
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because the levy would predominantly hit american firms it began with the return of the vinyl record followed by other products like filter coffee makers and polaroid cameras around the world items that were almost extinct are now in high demand consumers increasingly want mechanical things in a digital world retro has become a mass phenomenon and that means it's become very good business. one instant camera . mid century furniture. notebooks with truck stitching products from the past in demand today. this company is located near hamburg sales have grown by twenty five percent in the last five years . yes keep up. digitize ation hasn't come abilities than on digital and on the contrary there's a strength and awareness of non digital behavior in the age of digitization side to
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tell you all month people write more consciously they sit down and write a letter consciously or notes in a notebook that's why he's in the teeth and gums who was in the teens pool even large companies like b.m.w. have jumped on the vintage bandwagon with sixty's and seventy's style motorcycles every tenth b.m.w. motorcycle sold as a retro model. almost as expensive as the motorcycles and extremely in demand furniture made in the mid twentieth century this site will cost ten thousand euros he's in the lost and that's because the two young going on the senator from the sixty's and seventy's was built differently much better in quality and it was glued in assembled differently the furniture was built for eternity. because. linda marshall likes to buy retro clothes she loves fashion from the twenty's what fascinates her about an era she never experienced herself.
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i mean we had this constant cannot sit for me this has a lot to do with enjoyment the enjoyment of design music dance vivre a from the time back then. despite their style preferences the retro fans still say they feel happy in the present. the old is new again japanese carmaker toyota has seen a boost in sales to china and europe their third quarter operating profit surged by eleven percent prompting the company to raise this year's forecast sales in the world's largest car market china have grown substantially by twenty percent and in europe by nearly five percent cost cutting measures also help the company to achieve a worldwide increase in sales despite a slight dip in the u.s. . police in bulgaria have raided a printing workshop that was making high quality fake us dollar banknotes during the operation officers seized a fake one hundred dollar bills in various stages of completion with
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a face value of more than one point three million dollars being so used to imitate magnetic ink making the forged notes extremely difficult to recognize that's according to the interior ministry three suspects were suspects were taken into custody thought to be part of an organized crime ring just last month old darian authorities dismantled another illegal money printing operation and seize counterfeit euro and dollar banknotes worth more than fourteen million dollars. and we hope that whatever is in your wallet is genuine that's it for us thanks for joining us i'm stephen beard like and berlin.
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touched. a warm dividing reachin. lima capital of karim. a city where social to find some stone. home to make stream wells and extreme potency. that only mr bob while keeping the classes upon which
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little green zone was a. totally. treatments of. the first the latest. twentieth century. a war to end all wars cost millions of lives. marks the hundredth anniversary of its. what has humankind learned from the great war. as if one of the biggest
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real pieces and impossibilities. above. the teenage not forgotten w.'s november focus. this week on global three thousand we take a look at how people live around the well from a corrugated iron hut to an apartment or even a mansion when it comes to security.

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