tv Business - News Deutsche Welle December 13, 2018 12:15pm-12:31pm CET
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the important thing is to do what you like the most people put their own dariya stop no one asked puts them there that's what any of us carmen has also learned figure skating and horseback riding with her bold attitude the sea is the limit. it's wonderful you're watching t.v. news do stay with us because guess what else was standing by he has a business coming up for you shortly. natural riches. precious resources. and a rewarding investment. farmland has been called ethiopia's green gold the country has an abundant supply and leases it to international coverage giants.
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the government is after high export revenues and the corporations high profit margins. but not everyone benefits from the booming business. tax contribution environmental destruction starvation. and the selling out of a country dead donkey. carts december twenty ninth on t.w. . it's full steam ahead into a no deal breaker six to resume may have survived a no confidence vote but it becomes more and more evident breaks it deal will have a hot time to get approval in parliament.
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to the top spot the conflict of interest in executives between canada and china has delayed as a second canadian citizen disappear. as this is g.w. business state security in china is now investigating a second canadian business china states state media say michael space is being accused of harming chinese national interests it's the second canadian citizen to disappear in china off the beijing detained former diplomat michael couric on monday two cases appear to be retaliation for the detention of men one jew china's executive and see if all phone make a wall why by canada on a request from washington whereabouts of mr speight remain unclear. this is businessman michael spade war and this is what he is known for bringing
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people together in this case foreign athletes to pyongyang to play the north korean hockey team he is a canadian businessmen with a cultural exchange company based in the northern chinese city of dying dog. he is also the man behind the unusual friendship between u.s. basketball star dennis rodman and north korean leader kim jong un spader is possibly one of the best connected westerners in secretive north korea and now nobody knows exactly where he is before beijing confirmed it was investigating space for kenner's foreign minister confirm something was wrong. but we are aware. of a canadian. who has gone in touch with us. because he was being asked questions by chinese authorities. spader also uses his base in china to promote investment in north korea but china
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says he is now a security risk. it has been one of the biggest events in financial history and it is set to come to an end the european central bank is expected to announce the end of its massive and controversial bond buying program loan known as quantitative easing the e.c.b. believes the eurozone economy no longer needs a central bank support to grow in total the e.c.b. has both governments and colbert bomb's worth two point six trillion euros since the program started in march twenty fifth back then the eurozone was grappling with a weak economy and deflation critics say the program that governments simply minimize borrowing costs instead of making the forms all that. i asked our financial correspondent in frankfurt where the markets of price in the end of one is easing already. yes they are the talk about this has been going on
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for the not very very long time and you know get hot the e.c.b. it's not ending it's super news monetary policy in one moment it's just not printing you money to invest it in bonds bonds that the e.c.b. is already holding when they expire the n.c.p. also in the future is going to invest money in those in the following bones of the same kind which means that this ending of the monetary policy this super loose monetary policy is going to be a very slow phasing out from argues that. to britain well after winning a no confidence vote among her own conservative lawmakers british prime minister of terrorism may is seeking a lifeline from european union leaders on the day although brussels a signal there will be no renegotiation of the break the deal may well last the other twenty seven e.u.
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leaders at a summit in brussels today for reassurances that she can use to winnow step to go british parliament britain's newspapers are famously partisan but they nearly all agree that prime minister theresa may faces a huge task even after winning her party's confidence vote may won the support of two hundred conservative m.p.'s one hundred seventeen voted against are showing the uphill battle she still faces to the draft withdrawal agreement she made with e.u. leaders last month those same leaders say the agreement is set and non-negotiable but they are willing to work quickly with may to find a way to make the existing deal more acceptable to a party back home if they cannot say no deal breck's it in march looms larger than ever something business leaders in both britain and on the continent say would be a disaster. and about the on the continent part of life the talk a bit further with my colleague author sullivan from d.w.
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of business and claimants foes the president of the evil institute for economic research well come to both of you came as we start with you i give you a multiple choice question are you know we're more worried about briggs it less worried or about. its i think it's getting worse worried because we are approaching . twenty nineteen and we have no solution so it's getting more difficult and it seems that. the british political system has a hard time realizing the fact that the choices are limited really at the same time i think the europeans should try and support may in securing a deal. this is difficult it's challenging your institute even institute issued rather pessimistic reports today with downgrading your growth expectations for the german economy how much of that is down to bragg's it that's difficult to calculate but brags it is definitely a part of it increases uncertainty uncertainty drives companies to postpone
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investment projects so that has a dampening effect but there are other effects there is the problem of it's a lead there is the car emissions issue that's a transitory issue but it has been important for job growth and generally the economy is cooling down this has been very long in germany it cannot last forever after coming to you in ireland what's the view that was we've got to do all this. island has a lot. dried on the developments yes sure absolutely guard well the current view is the same has been for the last two years still a great deal of uncertainty people don't know what's actually going to ultimately happen yet on march twenty ninth as i was just said the prospects of an ordeal seem to increase daily the overall concern times the economy is the fact that our main industries over ministries which is our agriculture and then as an offshoot of our food industry. are so dependent on the british market so the immediate obvious thing is the possible imposition of tariffs then there are the possible regulatory
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differences that could emerge safety checks vet rechecks and then probably the most important part of all which is nose discourse is the phrase so at the moment eighty percent of all irish trucks use the british so-called british line card or to access continental europe thirty percent of all irish trucks end up on continental europe and eighty percent of those go via the land bridge if there's any complications in the ultimate brags that arrangement could lead to extra cost and checks delays etc etc that would be pretty catastrophic for irish business so with regard to to all that and especially the the traffic between the two islands if you will always was talk about the so-called backstop just very briefly what is the box oh ok very quickly if you can remember when the whole process began there were three key issues the identified the so-called divorce settlement the citizens' rights and the irish border the backstop is a mechanism designed to ensure that regardless of what happens at the end of the
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transition period december twenty twenty that there are engines in place to avoid the return of a hard border on the island violent to backstop is designed to ensure that it only will kick in in the event of no trade agreement been reached and it is spoke arrangement which keeps the u.k. whole you can involved in a sort of a bare bones customs union as the callers and then specific arrangements for northern ireland which would mean that there's no need for any checks whatsoever on the irish border it is going back to you as a german economist looking at this whole thing from germany and from the european perspective what's your main concern and what's your verdict about what's going on in my main concern is that it will be a ha bragg's it with economic implications but also political implications all that will be a blame game going on that's why i think it is important to come to some sort of remain and i also think that the e.u. yes should make further efforts to try. support may for instance the we could give more concessions yes market more concessions we could give britain
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a say in the customs union during the transition period for instance this has been the matter of concern and i think rightly so on the british side so i think we need to be constructive it really doesn't help if we end up with a hot breakfast so i think there is room for limited room but room for maneuver from both sides if that doesn't work if we don't support may in trying to secure a majority this will become very difficult and after hardbacks that both sides will blame each other and i think the repercussions will be really be long term the relationship will be poisoned for a long time so we absolutely need to evolve. timesis thank you very much. and that's it that's more news at the top off the ah check check it is up next i.
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on d.w.i. . entering the conflict zone with tim sebastian faulks been challenging those in power asking tough questions demanding ourselves. as comforts intensify i'll be meeting with key players on the ground in the sun doesn't. gushing through the rhetoric holding the couple to account for scott's conflicts. conflicts or conflict zone with two subjects on w. . closely . to see.
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