tv Business - News Deutsche Welle November 28, 2018 12:15pm-12:31pm CET
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mashed it against the ground now the big question did he do it out of joy or out of frustration one never knows when he was it. will attack you from need of these forces such a pleasure to have you with us. coming up ahead how bad on the u.k.'s banks are a potential hodge breaks it the bank of england knows but it's not telling. you how did this is desk has that story and well coming up shortly you're watching . closely. carefully. don't know who is simply being nice to legal.
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action. discover who. subscribe to the documentary on you tube. you need. to be. another banking stress tests this time on the hog commissions the bank of england checks help british banks with pfaff's or no deal exit from the e.u. why has it delayed publication of the results. also no stress tests needed here in india's capital delhi children learn how to run their own back to protect
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homeless street kids from themas. i'm god as welcome to do your business. in a few hours' time the bank of england will reveal the results of stress tests designed to reveal how britain's financial sector would fare in the case of a hard no deal breaks it the u.k. central bank has been looking into particular in particular for answers to the following key questions first of all how would banks cope of real estate prices plummeted potentially losing a third of their value the housing market is an especially important sector for britain the extent connected to the housing market what if interest rates rose dramatically say from the current zero point seven five percent to four percent finally what would happen to jobs according to some estimates a no deal heartbreaks it could see almost one in every ten brits out of work.
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well originally the bank of england have plans to release the stress test results this morning but publication was pushed back to the afternoon this is sign of discord on how to communicate the results i asked hans-peter book of first of banking at university and stood guard what he reads into this delay. like a row everybody else i can only guess and everybody's nervous because we think you ask yourself what's behind it but the truth is i don't think they have some last minute calculation to make i think they're just asking for some self how to sell it of the problem is i think the real risk of the bracks it isn't yet and the british banks have very good times so there shouldn't be any storage on their sites it could present is the result is no sorrow no trouble even if you've got a heart but on the other hand i think i want to be loyal to tory as i may and what she needs now is support and the one hand it would be nice to say well ok this is not a real problem british banks are well off so it's good for the economy on the other
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hand she needs pressure pressure to persuade people to agree to her deal with european union and that's act or situation she gets more pressure if the bank of england makes people aware of the risk of a harper exit and so i think this is what what is debated at the moment the bank of england you know let's see where the pressure will come from the ever mark and the chief of the bank of england today what will the short term consequences consequences be if that pressure comes if it takes a negative view on the brakes it situation no matter how hard or soft. well that's interesting aspect on the one hand i mean it's cheap talk there has been a stress test of the e.c.b. a few weeks ago where the british banks passed nicely and everybody knows it's not so bad but the bank of england wouldn't be credible if it would allow after such a negative verdict that british banks pay high dividends or have big. purchase programs where they give money back to their shareholders so they couldn't allow that and this is bad for so shareholders are held are very nervous in this respect
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and that's why british shares bank shares will react very much to that. so what will be in store for british banks then is if this deal goes through parliament is mostly. it's still not positive i mean there's still a break between the european market and united kingdom we lose in europe we lose the access to the biggest financial market of the globe and his biggest financial model in the globe preludes important so both sides it's a classic a lose lose situation as in many cases the brick said so we can be very friendly loken even at a deal as it is at the moment. it's been a vocal thank you very much for this analysis the pleasure here opinion is one step closer to imposing disciplinary proceedings against italy after reportedly rejecting the company's offer to reduce its budget deficit target the dispute centers on is in these plans to increase spending beyond the level the e.u.
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considers acceptable after weeks of talks the italian government offered to tweak its visible targets but tell immediate media reports suggest the e.u. believes the changes do not go far enough it's a need to face huge fines if no resolution is found. in while donald trump is ramping up the pressure on american automotive john general motors after g.m. announced plans to axe some fourteen thousand u.s. jobs trump so to twitter to threaten to cut government aid for the comic meanwhile g.m. is sticking to its guns saying the cuts are necessary to ensure the company's long term growth. factories like this one in lordstown ohio were part of donald trump's plan to revive america's rusting industrial base. but now it and four other factories general motors plans to shutter won't be making anyone great again. since the announcement trump hasn't minced words when it came to g.m.
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taking to twitter he threatened to cut government subsidies for g.m. including support for their electric car program. g.m. does benefit from a tax credit for electric car manufacturers but it's already due to expire in the coming months and it's unclear what other subsidies if any trump could plan on cutting despite the presidential pressure g.m. isn't backing down industry experts expect car sales to slump in the coming years and the automotive giant says the closings are part of its plan to adapt to changing consumer demand. shutting down ports of entry at the u.s. mexican border near san diego is costing local businesses millions of dollars hotels shopping malls and street vendors are affected by the measures on both sides of the border the country's busiest border crossing temporarily. crossing temporarily stop of migrants from entering the country. crossing from t.
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han or to san diego is always a time consuming affair and now it's getting worse tight in u.s. border controls a slowing everything down dramatically with knock on effects on local economies many tourists for example are opting to holiday elsewhere out of fear that they may get stuck at the border should the crossing be closed again restauranteurs shop owners market sellers everyone here is feeling the pinch. the sunday we lost five point three million dollars just from san isidro businesses obviously businesses in san diego and further away were also affected. although the border has always been a bottleneck the area is usually popular with visitors many just keen to spend a weekend here and take a peek at the other signs. we've had cancellations of more than eight thousand rooms i'd say there are about eighty percent fewer bookings from mexicans and
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twenty percent fewer from international tourists who want to come here for the weekend you know all of the anglo latino's who wanted to come this all started with the arrival of the migrant caravan. business owners are worried that there could be further temporary border closures small caravan migrants from latin america arriving. in india's capital delhi homeless street kids are in every day size many sell plastic toys bottled water or cheap t. shirts support themselves as good as they can most carry the little money they make with them at all times making them easy prey for thieves but now there is a new bank especially for street kids and it's wrong but children. shakes americas getting ready to open for business the fourteen year old is the manager of a children's bank one final look over the accounts before the customers are someone
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from the corner of the room where they've been doing their homework. and. i'm kind of old if it would mean i was chosen by the others to be branch manager for six months that it was a proper vote i'm the best at math and that's why i got the job i've been trained up and i've learned bookkeeping. that if the project is run by an ngo and aims to kids living in a deli slum how to manage money. whenever they can they deposit a few rupees into their account when they turn sixteen they can apply for a loan from the organisation as a credit could be used to set up their own businesses or to take part in professional training. so they also study the how it is feasible and what the proposal itself is. sounds that it would be no implemented properly it has a voice and instead of the everything there is under the approved or something that
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is it also. next in line is fourteen year old priya she deposits twenty rupees that's the equivalent of about thirty cents for her a lot of money. i trust the bank because many children deposit their money here their supervisors have a lot of experience i save my money so i can spend it sensibly in the future. korea has to work hard for the money she saves she sorts onions at a market child labor is illegal in india so officially priya is simply helping her mother the two of them earn four to five euros a day between them it's the family's only source of income. these are the. i do this every day sometimes we get sent home because there are no onions it's often four or five in the afternoon before we get something to do. back home meanwhile in the bank shake samir and his colleague add up the day's deposits the
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money is transferred to a real bank account belonging to the ngo despite his current occupation shaikh has no aspiration to one day work in the world of finance. i want to become a doctor a lot of people here can't afford medical care because they're so poor and that's why i want to work in a hospital that treats people for free. but. it's a long road ahead but shaikh samir is hoping the children's bank will help him realize his ambition. and inspiring young man that's it at the top of the second is next to have a program for that this look at both markets. enjoy
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