tv Business - News Deutsche Welle December 4, 2018 4:02am-4:15am CET
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i think. the u.s. and china decided georgiou is better than war when it comes to trade both sides agree to a temporary truce in tit for tat terrorists with ninety days now on the clock to conclude a fresh round of negotiations also coming up qatar quits opec the gulf state will kiss the oil cartel goodbye come january saying it's set to focus on natural gas. and violence scenes from protests in france are beginning to affect business these days with the tourism sector in particular now feeling the pinch. this is your business update i'm at home free in berlin glad you could join me and apparent cease fire and trade hostilities between the u.s. and china pushed wall street high on monday trade sensitive industrial and tech stocks jumped off the world's two biggest economies agree to stop the tape fatah
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tariffs against each other and talk the g twenty meeting in one is this treasury secretary now says the u.s. is working towards creating a firm and real agreement with china but he says donald trump and she jinping discussed several issues including tariffs and intellectual property at a g twenty dana fox 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 new deal is reached within those ninety days. and all financial correspondent u.n. school to joins me now jens 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 on wall street there is a lot of skepticism we have tons of comments on those talks of goldman sachs for
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example believes that the likelihood that the deal will be reached stands at about twenty per cent so that doesn't sound too optimistic at this point and a lot will. depend to 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 is so it's still very tough to tell if a deal can be reached or was in the next three months or so and so i want to ask you this why do you think that the u.s. and china managed to forge a deal as they did in argentina now is there the realisation perhaps that the tariffs are hurting. i wouldn't go that far yet but probably both sides needed a little bit of
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a breather if you look at 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 of 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 of 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 thank you. the gulf state of qatar has announced it's leaving opec the influential oil producing nations it's been a member six decades the country says it wants to focus on developing its exports of liquefied natural gas but many analysts see a political motive behind them. as far as break ups go this one was abrupt and
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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 from the organization of petroleum exporting countries effective january twenty ninth. this decision was communicated 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 at 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 a country of just two point seven million it punches above its waist the decision
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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 and the country wants to do. what it has to do is basically put in writing its request or its decision to withdraw. basically it was in the next calendar year. guitarist 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 above politics french president a minor in back hall says he will postpone his upcoming trip to serbia for the next couple of weeks due to the situation in france protesters known as the best streets
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three weeks ago demonstrating against a planned increase in fuel taxes and their dwindling 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. well both patience and fuel are in short supply in france as the so-called yellow vest 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. on the mall when you have an email we've had 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
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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. since we now see a decline in 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. 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.
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the beach believe that the street will that all should be for law enforcement ok 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 date and location so it gives exactly the location where we get in and then we just write from five from one to five what they think about the beach the visibility of signage toilets. the two young unemployed women come from nearby black turn ships and are part of a group of nine volunteers who care for the beaches here. a local n.g.o.s employs two hundred young people in three coastal provinces on behalf of the tourism blue
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flag project the stewards get nine euros a day for their efforts. to get all of this towards is to ensure that the beach course as well as the municipality be a comply to the will flow criteria and also pass on information for environmental education for two beauties that we do with beachgoers as well as school fees. 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. the study has been conducted which showed doug most of that plastic is exploding locally produced that is lengthened the problem is that the public is not informed about the waste of time that the municipalities that decide to stations it will keep beaches don't support reach their waist but they move forward together.
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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 from the wall of business remember plenty more is available now on our website you can also find us on facebook and twitter d w on the school business is our handle on there as well at helen c. humphrey is mine and i'll be back some are same time same place right now here's a look out the world markets at this hour.
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