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tv   Business - News  Deutsche Welle  December 11, 2018 2:15pm-2:31pm CET

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rockhampton bohemian rhapsody has broken a new record the seventy's a real classic has become the most cream song from the twentieth century a record company universal music group says it has been played on line one point six billion times around the world the song the god of peace and bumped from the biochar booking induct to be a box office hit that built the queen's music to a new generation. save the best business news coming up for you shortly. how do you. sustain. discover the boathouse who told you about this one starts january thirteenth on t.w. . her first day of school in the jungle.
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leave her first clue listen to the. band doris green the moment arrives. join the ranks to tango on her journey back to freedom to suit you know our interactive documentary. tour of the reputation returns home on d w dot com among its hangs. out of the. local. kiss and make up the chinese and americans of talking try to get in the top while away executive is still in jail facing u.s. fraud charges a bail hearing has its own trouble comes a trade trial or a court. rejects german claims that the european central bank's massive voter buying scheme is illegal. would breaks it spoil the broth of britain's
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restaurants do without all those microphones. i'm been physical and let's do business china could be backing down in its trade war with the united states the news agency bloomberg is reporting that beijing is moving to cut import tariffs on american made cars it says the chinese have proposed reducing tariffs from forty to fifteen percent the concession would now go to china's capital for review if approved it had bravado us the tariffs the beijing hikes back in july the move forced many cutting instruments like prices which as of comic is b.m.w. ford and tesla are rising on the news. in time chinese and american officials have been discussing chinese purchases of u.s. agricultural products proving they're talking trade again but still unclear is whether the arrest of this woman here why exactly of mung one show was part of the
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company's conversation both sides are watching the case closely. the forty six year old executive with huawei one of the world's biggest smartphone companies and a symbol of chinese economic have brought before a court the bail hearing in vancouver to determine if mung one joke can go free while her case proceeds it continues today after monday's adjournment her lawyer argues high tech surveillance and a twenty four hour security detail be allowed to keep her out of jail during proceedings u.s. prosecutors say mom used a shell company for a while ways dealings with iran misleading banks into approving millions of dollars in transactions to violated sanctions are arrested in canada she faces extradition to the u.s. . on monday her lawyer said huawei sold the alleged shell company sky com years earlier but the paper trails complicated sky com was bought in two thousand and seven by a company
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a known tax haven for ownership records are opaque the case against mung is now set to unfold against the backdrop of a tense u.s. china trade dispute a dispute many hoped was approaching a resolution but that was before joe's arrest. apple has said all i phone models remain on sale in china despite the chinese court decision banning the sale of most of the american tech companies handsets the ruling was prompted by a lawsuit from u.s. chip maker coke m the company say that apple infringed on two of its patrons one who got a photograph resizing of the other related to our apps and managed on a touchscreen the bad effects models between the office and says of the ten the chinese market was eleven billion dollars before its wonderful. u.s. senate panel is set to grill google c.e.o. pichai on its recent data breach today as well as the firm's controversial plans
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for china the appearance by mr pichai before the senate judiciary committee comes off that his company revealed that google plus will soon be offline social network had exposed the postal information of as many as half a million people charles if a special is about google's plans to introduce since it first of its search engine in china. the european central bank has won a landmark court case ruling the e.c.b. did not violate any you lot by fine government bonds during the financial crisis the central bank is not allowed to directly fund government spending but the court of justice of the european union found nothing to show that the bond buying program exceeded the bank's mandate in twenty ten the e.c.v. bought bonds from greece portugal and ireland for the first time spending sixteen and a half billion euros to prop up those countries a year later the crisis was nowhere near over so the e.c.b.
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got out the wallet again such as state debt from another two southern struggle is spain and italy in twenty twelve the central bank started printing money to boost the week of euro zone companies and over two hundred and nine seen billion euros worth of bonds for them three years later the e.c.b. went on its biggest shopping spree a staggering two point six trillion euros worth of bonds from all over europe the aim to spending and investment. well john german plaintiffs were behind the case but the c.b.s. got the old clear let's check in with conrad buson who is in frankfurt where the e.c.b. is based conrad why is it always germans complaining about monetary matters is and how to handle it. well there are a few reasons for this spend first of all i think it's important to know that germany is an aging society a country with
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a lot of savers were very nervous about their savings and that's why there are a lot of opponents in this country to this monetary policy by the european central bank which has caused interest rates to slump you basically get no returns on the savings accounts or on an ordinary life insurance policy what's more it's fair to say i think that many germans especially older people are very nostalgic about our bundesbank you know the old german reserve bank and its monetary policy of the heart market which means that the bundesbank even if people in the economy would have liked a weaker dollar each mark the bank wouldn't do it which was a monetary policy forcing businesses to do something else in order to stay competitive to remain innovative that's a point and last but not least in the court case in the european court of justice now the german plaintiffs said that. by buying those government bonds was
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illegally financing governments but the court says no this was not illegal bond buying because it happened on the financial markets and not directly from governments and that this was covered by you know the policies made to make sure that the euro is a stable currency is there a huge sigh of relief on the markets because i know the scheme the bond buying scheme is is jus to finish this month but it's been going on for a long time and it's a lot of money and it was i mean wouldn't it of course a huge crisis. absolutely and that's why there is a sigh of relief on the markets even here in germany which might sound a bit schizo phrenic given what i just said but on the markets of course a majority of people here also in germany are convinced that this monetary policy this quantitative easing basically saved the euro if the court had said today that
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it was illegal then of course this with it would have caused turmoil correct thank you very much for the analysis. london has a reputation for being a melting pot three hundred languages are spoken there and nowhere is that more obvious than the city's fiber restaurant scene at bragg's it could soon mean there won't be enough cooks in the kitchen because many of them are from all over the year. the british restaurant scene is booming particularly in london but could descend as a result of breck's it eat you workers are missing. american was specializing in game meat steak bagus and even mac and cheese come with venison meat from the chef to the waiters only three employees in the whole restaurant are english post office come from the rest of the e.u. . and you're going to mention field goal is going through the new christmas menu
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with a polish head you know how that whenever a member of staff leaves she has a problem these days two years ago in front of our face on a constant inundation with people find the job for full time part time front of house now it's in there with three or four. yeah not as many people at. restaurants are recruiting everywhere but it's not just the hospitality trade that's affected by a slowing down of immigration by e.u. migrants. the grown up chocolate company specializes in up market chocolate they have such problems recruiting staff that they're even considering relocating to slovakia we. lost staff because the stuff we used to employ have gone to france germany open to all spain where they can get. a job where the money in euro's rather than being paid to g.d.p. because the value of the pound is full substantially also thirty percent of the
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chocolate is export it within the european union delays at the border after bricks it might cause the delicate product to suffer the. system you have of the moment has flows but it's ninety five percent perfect as far as a system for trading. we've got to be no. issues between the borders. for a company like mine. focus everything you do off of that is a problem. for post bricks it many in business hope there will be a solution to keep the new workers coming so for the lowest good jobs like hospitality otherwise who will make the drinks it's not just the employment market that's creating a headache for british business what they fear is a disorder the bricks that crushing out of the e.u. without a deal with brussels particularly small businesses are not really prepared for this at all. and just briefly time out
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a factor good year has pulled out of venezuela citing the country's ballooning economic crisis as the reason twelve hundred workers have been laid off and hosted on the gate since the time make had ceased operations and years paying workers a severance package including any time it is a financial turmoil and struggles with u.s. sanctions are seen companies such as kellogg's and complete abandon best buy them as like reflections made most business conducted in the local currency unsustainable. i say businesses that.
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has a. duty. to have a whole. he states in the pantheon of the great tenants certainly he's one for the ages. of the. scholars ten years. starts december twenty second t.w. . everyone welcome to a new week of euro max with me your host megan leigh we are winding up the year two thousand and eighteen but there are still lots of things to pack in here's a look at what's coming up. a review of the year a look back at memorable.

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