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tv   Business - News  Deutsche Welle  December 24, 2018 1:15pm-1:31pm CET

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at the top of the hour. it. is. raring to read. not everyone who walks books has to go insane. d.w. literature list one hundred german must reads. a news
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analysts to see what's in the months of the team stands as a whole to shake hands out through these kinds boosts a lot of. people put big dreams on the big screen. t.v. and movie magazines on d w. r us banks liquid enough to withstand the latest market. the u.s. secretary of treasury secretary asked the country's biggest banks in a phone call when an unusual move aimed at reassuring invest us up to big losses on wall street's. also on the show faulty engines and a diesel emissions driven comic has had his. long way to go to get back into
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authorities good books. and aace fishel all real crime which kind of christmas tree are americans going for this season. but come to business and want to get jones good to have you with us u.s. treasury secretary stephen one who has phoned the heads of the country's six largest banks over the weekend to discuss steps to calm ocket after a week of dramatic losses on wall street a new chain called the chief executives of goldman sachs bank of america j.p. morgan chase morgan stanley citigroup and wells fargo who according to a statement confirmed that they have ample liquidity available for lending the calls came as u.s. stock markets experienced their worst week since the two thousand eight hundred uncertainty over the partial government shutdown has added to concerns key indices tough wiped out all their gains for the.
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for a what's driving the markets in these last few days of the year i'm joined by people in the jim blue my colleague of course will phone call do you think come markets well i mean if the reaction is anything to go by so far it's not doing any of that likely you reassurance that isn't quite the reassurance now investors actually thinking about where they have to be concerned about the liquidity that he had to discuss with those six banks yolles in the u.s. that he spoke with yesterday and of course today he'll be having a meeting with the leading market participants in the u.s. regarding the current market volatility among other things and saw investors are wondering if there's more to be concerned about not really reassured of those points so everybody's i actually kind of wondering they want to be probably listening in on those phone calls and that's the issue right now you know i mean those phone calls is quite an unusual move in are not is necessarily instilling
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confidence the. and that's certainly when you have that back backdrop of that government shutdown which i mean we see it every year but this year is somehow different yes i mean the last more than twenty third's hien and that was the one during the obama administration that when white point two percent of the g.d.p. that year so in terms of this one is very probably bad for the market because it comes at a time when the market is already volatile that wasn't the case in twenty thirteen and investors have enough to be concerned about and now they actually have this one thing to also worry about and i think that's the issue at this point is the timing is terrible at the at a time when december is actually a great month when best is normally but this is sort of like the words december in years except for of course the financial crisis in two thousand and of course december isn't over just yet we've got the christmas season now we're coming up to new year do you think this could be resolved before the end of the due well i mean it's going to be a vote on the twenty seventh of december that's when a decision could be made and it doesn't look very likely because of course as sort
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of an issue with that wall border wall with mexico and trump is not very willing to compromise on that and it makes it can supposedly pay for it anyway oh i mean he wants now his own government to pay for it and nobody is going to really probably come to an agreement on that one at least not until the end of the year. to put on the table thanks so much for joining me in the studio pan-european exchange operator you're an extent is in talks also boris the no region stock exchange for six hundred twenty five million euros the company is currently seeking the support of the board of directors it's already secured support for its offer from also boys shareholders representing almost top of the outstanding shares your antics which operates abortionists in paris amsterdam brussels london this has been and dublin said it found also bars position in seafood derivatives and oil services and shipping attractive. german luxury carmaker b.m.w.
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has been fined ten million dollars by south korean authorities they say the comical was too slow to recall recall they calls affected by a faulty engine but b.m.w. may have bigger worries than just the fine it now also faces a criminal investigation. south korea's transport ministry wants prosecutors to investigate german carmaker b.m.w. it says it has evidence the author john took its time to form authorities of a forty car engine b.m.w. known b.m.w. said it recognized the correlation between the defect in the exhaust and the fire on its vehicles only on july twenty twenty eighteen but the company's headquarters formed a task force in october twenty fifteen to resolve the problem of the fort and embarked on the measures to minimize the risk of fire including changing the vehicle design from sun to one you put up more than forty cases of fire involving b.m.w. cars were reported in south korea where the car maker has now record more than one hundred seventy thousand vehicles by october b.m.w.
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had recalled another more than one million vehicles due to the same problem in europe and in some asian countries including self career where its sales were down ten percent on the year by the end of november. and more hick ups for folks of europe's largest comic as this is alerted to german authorities over emissions software concerns half a million vehicles u.w. recalled for a fix my still be equipped with illegal software designed to cheat during emissions tests affected diesel cars with one point two liter motors so far fox has spent more than twenty eight billion euros on fines and car buybacks in the united states in the aftermath of the gate the emissions teaching scandal back in two thousand and fifteen this latest issue could add to the two billion euros the comic is expected to spend on the gate cleanup next year.
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to hungary and now the country has seen a raft of protests against a new labor law introduced by victor or buns government the so-called slave law will allow employers to ask stuff to work up to four hundred extra hours peja of overtime and or comes a high level of immigration has led to a significant labor shortage in hungary. the shifts along at this metal plant in cash committee in central hundred whole must go black works two hours overtime five days a week he gets double pay for it one hundred new laws overtime takes effect his boss will be able to require him to work four hundred extra hours a month. no money isn't everything in life i'd rather be with my family. the plants owner desperately needs new workers to fulfill the
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orders but qualified staff hard to find many people have left the area for western europe where wages are higher and he doesn't want to demand workers to do too much overtime. as an order is not good for me because i want like it the trouble is that these are ordered evoking a lot of time a lot of time so it's makes them very tired it and they've been all out. not too far away it's a plant owned by a german carmaker mercedes spends around thirty five hundred people work here some fifteen hundred or you know workers union the new law on overtime will enable the company to have six work days for its staff and that's something they aren't happy about them most met i know more money isn't the argument but since summer staff
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have been putting in more than one hundred hours in overtime and now it will be four hundred the workers want to spend time with their families we've had enough of having to work overtime and i. can guarantee to cross the country have taken to the streets to protest against the new law on overtime they say it doesn't solve the country's problem with some eight hundred thousand people having left the country how to relax the workers it needs says research a paycheck a call i think disc on the flow if it really puts an extra burden on the verger as it can just facile it date the outflow of the rick force from from hungary. that would mean that family owned companies like sultan who gifts firm would have even more trouble finding workers. it's a billion dollar market grows by four percent each year artificial christmas trees
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are becoming more and more popular in the united states they don't wither they don't lose needles and often they come already decorated full of tinsel and lights only thing is they don't spread to that christmassy sent a culture war is raging and only time will tell which side comes out on top. trees already for many families picking out a tree is an integrity part of the holiday celebration christmas isn't christmas without a real tree says it all watering it every day and says that smell specially a smell of it in our home just made it feel more christmas that was growing christmas trees is hard work it takes a seedling eight to ten years to grow to a height appreciated by holiday happy decorators and competition from artificial trees have farm owners saying the ranks of traditional minded tree buyers are thinning. we're an industry that will buy your remain to be here and be
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around at a very very buys an artificial tree were not going to be there but low maintenance and a long service life are a tough combination to beat the artificial trees are also becoming more and more realistic the one billion dollar market in the u.s. is growing at about four percent a year. and no one got as excited about a real tree as me and i didn't it was just too much work to put the real trained eye on my car to get into the house all of that it's totally for convenience the battle between artificial versus real isn't a new one but new lines are being drawn the prize the continued patronage of young families whose traditions will determine what kind of trees on buying just.
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such. and arts twenty one special. day till then it's moment by in detail be used campus bunch of young guys issues from germany and india explore each other's musical hoods the result. a breathtaking concert at the
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beethoven fest in bond. street little. india inspire children to bond with nature that's the goal of the green school program throughout the state of gujarat a government initiative is sowing the seeds for a new generation of environmentalists because when these children grow up their behavior will be exemptions and different from the norm to get. sixty. first homes to millions of species a home worth saving. on those are big changes and most start with small
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steps global ideas tell stories of creative people and innovative projects around the world like to use the term the climate the most green energy solutions and reforestation. they create interactive content teaching the next generation about environmental protection and we're determined to build. something here for the next generation. like the multimedia environment series t.w. . welcome to n all it's twenty one special. i here in mumbai young musicians from india and germany have come together for a very special occasion to preparing for a joint concert at the beethoven festival in bonn.

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