tv Business - News Deutsche Welle December 4, 2018 2:02am-2:16am CET
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i think. the u.s. and china decided georgiou is better than war when it comes to trade but a sides agreed to a temporary truce in tit for tat tariffs with ninety days now on the clock to conclude a fresh round of negotiations also coming up qatar quips opec the gulf state will kiss the oil cartel goodbye come january saying it's set to focus on that chill gas . and violence scenes from protests in france are beginning to affect business today with the tourism sector in particular now feeling the pinch. this is your business update on how the humphrey in berlin glad you could join me and apparent cease fire in trade hostilities between the u.s. and china pushed wall street high on monday trade sensitive industrial and tech
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stocks jumped off the world's two biggest economies agree to stop the take fatah tariffs against each other and talk the g twenty meeting in this treasury secretary stephen minutiae now says the u.s. is working towards creating a firm and real agreement with china but he says donald trump and she discussed several issues including tariffs and intellectual property added g twenty dana box white house has also said that the existing ten percent tariffs on two hundred billion dollars worth of chinese goods would be boosted to twenty five percent if no you deal is reached within those ninety days. and all financial correspondent yens cool to joins me now against a breather not an outright end to hostilities we have to say can we expect an agreement in those ninety days. well i mean the deal became a bit more likely but it is still far from certain and specially here on wall
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street there is a lot of skepticism we had tons of comments on those talks of goldman sachs for example believes that the likelihood that the deal will be reached stands at about twenty percent so that doesn't sound too optimistic at this point jim a lot will. depend too will be leading the trade talks from the u.s. side will it be a hard liner or a moderate trade representative we still do not know that in general we are pretty short on details we do not know for example what china is really going to offer his soul it's still very tough to tell if a deal can be reached or was the next three months or so and i want to ask you this why do you think that the u.s. and china managed to forge a deal over dinner in argentina now is that the realisation perhaps that the tariffs. i wouldn't go that far yet but
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probably both sides needed a little bit of a breather if you look at the economic news that we got out of china in the past couple of weeks there were a bit. there and also here in the us we did see some turbulence is not so much yet on the economic side but especially if you look at the performance all for wall street we had a very shaky trading environment in the past couple of weeks and as u.s. president donald trump also defines himself for the performance all for wall street so he probably needed to buy some time but that still doesn't really tell us how likely it will be to get this deal done eventually our financial correspondent yens court in new york thanks. the gulf state of cattle has announced it's leaving opec the influential oil producing nations it's been a member or six decades the country says it wants to focus on developing its
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exports of liquefied natural gas but many analysts see a political motive behind them. as far as break ups go this one was abrupt seemingly out of the blue here's how tars energy minister delivered the news that his country's fifty seven year membership of the world's most important group of oil producing nations was coming to an end the state of qatar has decided to withdraw its membership organization of petroleum exporting countries effective january twenty ninth. this decision was communicated to us this morning opec is made up of fifteen countries it was founded in one thousand nine hundred sixty with the goal of helping members benefit from a steady rise in oil prices so just how big a role does it play globally not present opec nations hold almost eighty two percent of the world's reserves qatar by itself controls one point seven percent of the stockpile it might not sound significant but for
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a country of just two point seven million it punches above its waist the decision to withdraw from opec will enable the country to increase production outside of the cartels constraints but it's also being read as a slight to the group's leading member saudi arabia which last year instigated a boycott of qatar accusing us of supporting terrorists. qatar's energy minister denies there's a political motive it has nothing to do with the blockade ok the timing is if you look at the. status of the opec if any country wants to do. what it has to do is basically put into i think it's a request or it's a decision to withdraw and it basically was it was in the next calendar year qatar is decision to leave opec may not cause major damage to the group but it certainly calls into question its reputation for pushing shared economic interests
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above politics french president a minor way back hall says he will postpone his upcoming trip to serbia for the next couple of weeks due to the situation in france protests is known as the best streets three weeks ago demonstrating against a planned increase in fuel taxes and that when dealing purchasing power those protests turned violent over the weekend while protesters and police continue to clash the unrest is having a real effect on the country's economy. both patience and fuel are in short supply in france as the so-called yellow best protests continue. gas stations in britain have started to run dry as protesters block the deliveries. and in paris ambulance workers join the strikes. they accuse the government of president on manual mccall of ignoring their demands.
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on them all when you have in your belly fat it says we absolutely must be heard there's just. a government complains about not getting any clear demands but when they have spokespeople to talk to and clear demands they don't do anything and that cannot continue to. be at times violent protests started over a planned hike in fuel taxes and it morphed into a larger critique of mccall's economic policy which protesters claim disproportionately favors the rich. and the unrest is having a real effect on the country's economy. so you would you they would all be good up but i can tell you today that this impact continues to be serious these omissions we now see as a client business turnover of fifteen to twenty five percent depending on which sector. he saw. the images of violence and destruction are already hitting france's tourism business as visitors cancel their plans.
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south africa is trying to clean up its beaches and eco campaign is striving to keep the robot beach clean as well as protecting its marina environment it's all part of something called the blue flag program as the international accreditation system. in the beach believe in the street for that over here for law enforcement for a four and a half out of five not bad the stewards are asking beach goers around plattsburgh bay to race how clean the beaches are. we put our visitors survey which we do ask the visitors that are on the beach it's got a like time dates and location so it gives exactly the location where we get in and then we just heard right from five from one to five what they think about the beach the visibility of signage the toilets. the two young unemployed
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women come from nearby black turn ships and are part of a group of nine volunteers who care for the beaches here. a local ngo employs two hundred young people in three coastal provinces on behalf of the tourism blue flag project the stewards get nine euros a day for their efforts. but all of this towards is to ensure that their beach course as well as the municipality be a comply to the will flow criteria and also passed on information for environmental education because of it is that people with ph corps as well as school kids. to stewards have involved local children in the clean up campaign environmental education is one of the pillars of the blue flag program and many schools participate. most of the litter collected by the volunteers is plastic.
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the study has been conducted with show dogs most of the best is actually locally produced a useless and the problem is that the public is not informed about the ways that the municipality to cut it decides in the stations it will keep beaches i don't suppose it's that wasteful but they move forward together. keeping the beaches clean is an ongoing challenge. the project is scheduled to run for almost a year but the stewards hope it will be extended the money they earn combined with the satisfaction of helping to protect the environment make it your job or take experience. you have to say with the latest song of all the business remember plenty more is available now on our website you can also find us on facebook and twitter d w underscore business is our handle on there as well as helen humphrey is mine and i'll be back some are same time same place right now here's a look out the world markets by south.
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the the. goal. this is g.w. news lawyer from berlin to bring in our correspondent ophelia harms are ready she joins us from three of you shall know we are here to find out what happened with music of a correspondent some brooke it's not and we do have some breaking news that's coming into us now one. person closer up w. news thank you for joining us. the big news analyst cokie to see what's going on since. the golden globes not going through this confluence of coast side but the slowest place any place puts big dreams on the big screen play the lead in movie magazine on d w. e the legal.
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