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tv   Business - News  Deutsche Welle  November 19, 2018 12:15pm-12:31pm CET

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you know how you play the second of this year we maybe never seen it before i mean you barely lost a match i'm actually very thankful you lost one to me today no. doubt that highlights of sarah's fledgling career but one he may eclipse in twenty nineteen. monica joins me with you in one minute with all the business news don't forget you can always get the latest news and information around the clock on our web site good of you dot com. rearing to me. not everyone who loves books has to go insane. w. literature list hundred german my screens. climate change.
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waste. pollution. isn't it time for good. eco africa people and projects that are changing no one far meant for the better it's up to us to make a difference let's explain each other. he could be farming magazine. long d w. the trade row between the u.s. and china weighs down on a ship pacific relations the first time in its history the apec summit ended without a joint statement. also coming up into the stands on its budget plans of might be open to let go of some. wasteful spending. and germany's audi is
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stepping up the pressure on ecuadorian promise as it drops the prices it will pay for anonymous. welcome to g.w. business starting with a shake up in the corporate world according to japan's news network n h k tokyo prosecutors arrested nissen chairman colonels gordon who is also chairman and c.e.o. of the nissen mitsubishi alliance on allegations he under reported his salary a breach of the regulations and that's according to japanese media as mentioned nessun is also said to be preparing a dismissal prosecutors are reported to have raided nissen's headquarters and questioned born on the matter which relates to his salary of reporting to japanese securities officials the brazilian born go on has led to japan's second largest carmakers in two thousand and one we'll have more on that story as it unfolds.
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meanwhile a war of words between u.s. vice president mike pence and china's huge and ping threatens to offset any chance of resolving the trade route between the u.s. and china any time soon at the asian economic summit in papua new guinea pens was mocking beijing's regional ambitions while she hit out at trump's america first protectionist agenda as a result of the a pagan gathering ended without a final communique for the first time in its history. the seed apac stands for cooperation but in papua new guinea it appears to stand instead for confrontation it may be smiles all around but accusations have been flying between china and the us regarding their ongoing trade dispute on full display here at apec the host remained diplomatic so we did have very fruitful discussions. exchange
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very frank views about important issues about the that it is a fiction and the challenges the region continues to face for the first time since a pic was established no final statements were made the us want to the techs to condemn unfair trade practices china rejected this the u.s. is also unhappy about china's plans for its own trade route dubbed the new silk road u.s. vice president mike pence laid out what he sees as the two nations key differences they begin with trade practices with tariffs and quotas. and force technology transfers the theft of intellectual property but it goes beyond that to freedom of navigation in the scenes and concerns about about human rights chinese president xi jinping says his country is not pursuing a hidden political agenda he warned the us not to close off its trade borders and reiterated that in a trade war there were no winners the chinese american dispute will once again be on display when president xi and u.s. president trump meet at the g.
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twenty summit in argentina later this month. we are ready to make major cuts on wasteful spending that's what's into his deputy prime minister told the daily could he added the last set out in an interview over the weekend signaling that roe might be ready for a dialogue with the european commission over its costly budget plan brussels rejected the budget saying want to add would put the stability of the eurozone into jeopardy the e.u. is set to announce its next move later this week. the italian government is holding its course but on the streets of rome people are nervous now that the ball is in the e.u.'s court many italians fear that brussels will have to crack down on the italian government to maintain credibility. i think that this almost personal war against europe will not enable us to free ourselves from the disadvantages we
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experience and will not help us enjoy the advantages of belonging to the e.u. . i feel uneasy very much so because we are in a very difficult situation and the people who represent us don't seem to understand the reality of the country my greatest fear is for the young people. very much over what. i know that our financial situation has never been great i'm worried about the clash between italy and the e.u. i hope it will be solved in the best possible way. your mother will see even more. brussels could impose billions in fines on rome but italy's vice premier matteo salvini has stated that reprisals would do more harm to the e.u. italy at the end of the day so the crisis continues to escalate. for us for some italian perspective now let's cross over to iraq in a car sally a multimedia journalist based in rome good to have you with us i mean how worried
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are italians about the possible consequences of italy's controversial budget proposal. well money many economists as well as a position will the titians are warning about the dangers of this proposal and they say that it will be tally and so will bear the brunt of brussels possible fines and anger but let's remember that a majority still sticks by the two governing party five star movement and of the from the far right and this budget is quite so high because the two main electoral promises of these two parties which where a minimum income for the unemployed as well as tops cuts and reform to the pension age are on the budget and this are stings that actually a majority of italians are looking forward to and they are still willing to stick to what leaders are saying and they're saying they want to spend this money on
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italians will of course they made it's a very attractive to have a bit more public spending also on welfare and so forth but it comes at a prize in italian banks hold a substantial amount of italian sovereign debt already do people feel that their financial system will actually survive a possible new crisis. well actually many talents would say would almost laugh at the idea of a new crisis because they feel they haven't been out of a crisis at all let's remember there are some high numbers over thirty percent unemployment. rate for the use and those numbers are even higher in the south and them on women so yes as you were hearing there are many voters and many talents who are worried about things getting wars but for many the crisis is just never ended right now in our report of course we had various people there speaking to us on the streets of rome and one even mentioned
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a war against europe given that italy is actually one of the founding members of the european union how far removed from the e.u. well you know the leaders are definitely the political leaders are definitely using . d.-u. politically you know if you're saying we're going to put italians first you know the european union is cramping you know our will to go ahead with our spending and many talents will tell you that they feel that the crisis started when it's only joined the e.u. that's of course not something that economists. buy as a theory but i think that. is something that both salvini and the my you will play politically and if de you were to impose fines it could do you could become an easy scapegoat. could even get worse than it any because any journalist
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based in rome for us thank you so much. now germany's al the discount supermarket chain has grown swiftly in recent years to become one of the largest food retailers in all over europe while the who group's global sales are in the region of sixty billion euros that's money it makes by buying a limited number of products cheaply and in huge quantities low cost food is an attraction for everyone of course but it does come at a price for someone and in the case of bananas it's pharmacies in ecuador. for the past twenty years. know have been farming bananas and ecuador's coast now he feels his livelihood is threatened discount supermarket all he wants to reduce the paper crate despite increasing production costs. we
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have to keep producing to make sure the owner makes money so that he can continue to pay us. nowhere. the ecuadorian authorities are also worried the announcement from will have repercussions for the banana farmers which can affect the entire country but man is one of the country's biggest exports they've sold more than two hundred sixty million crates this year mostly to the european union and russia. it will have major consequences not just for the workers and their families but for all the rural region poverty is growing in latin america. particularly. when asked to comment their pricing falls in line with the current market but they say they're taking the concerns of the ecuadorian farmers association seriously. in a statement it's of utmost importance to us that our products are made under humane
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conditions and that issues like minimum wage are not only encouraged but actively supported along the whole supply chain. but such statements are of little use to. his family has been living from banana farming for two decades and used to be banana manufacturers who set the price now the industry is at the mercy of supermarkets aggressive pricing. and that's your business update. please join our reporters on twitter and on face also. call me. before you go. on. at this hour.
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