tv Business - News Deutsche Welle January 1, 2019 5:15pm-5:30pm CET
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really the simple things that i value today in fact i've won more than i've lost. but teaching boxing remains a passion and now the local council has agreed to part funded new sports center named in pinas honor for others his dream of boxing success could still become a reality a secure after that happy new year. where i come from we have to fight for a free press and was born and raised in a military dictatorship with just one t.v. channel and a few newspapers with official information as a journalist i have worked on the streets of many can trust and their problems are always the same chord to the social inequality a lack of the freedom of the press. corruption who can afford to stay silent when
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it comes to the fans of the humans and see the microphones who have decided to put their trust in us. my name is jenny harrison i work a d w. a . happy new year and happy birthday zero today twenty years ago the european single currency was born bringing both success and challenges to the block. also on the show romania us use the rotating presidency but a planned overhaul of its judiciary threatens to spoil the party. welcome to the business i want to get jones in berlin good to have you with us now then twenty eighteen is history but brecht's it isn't i'm afraid it will carry on well
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into twenty nineteen here are the key dates to look out for all of void this year starting with the first one coming up in the media january when m.p.'s will vote on prime minister to resign may's controversial brics a deal that will determine what kind of brics it could happen come march twenty ninth the day britain committed to leave the e.u. if holiday and rejects may's deal we'd be in for a hard or a no deal breaks it at night. mail for both business on both sides of the channel and on the other hand in an interview with the b.b.c. the u.s. ambassador to the u.k. said that a quote quick and massive trade deal with the us would only be possible in the event of a no deal breaks it if parliament however accepts may's deal they would be a transition period allow britain today and the e.u. to sort out new trade relations and that period would end on december the twenty or thirty first rather in the year twenty twenty so plenty of time for more hiccups
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and to drama along the way another option of course would be to cancel breaks it all together and save us all the hassle but in the meantime let's cross over to our correspondent in singapore andrea hang andrea breaks it of course is this not just a european issue i'd be very interested to hear the view from asia. well monica happy new year first of all the view in asia on breaks it is very exciting when they are excited at the prospects of what brags it may bring although some investors are not sure if britain's all the world view of asia is still a sustainable one one thing's for sure with that you can plan of engaging in asia as a wide spectrum in terms of the economy we're going to see
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a very big changes into it flows throughout the region and also with our foreign direct investments being a very big appeal for both the u.k. as well as asia and of course. and of course a briton hopes to forge new trade deals any specific country in asia already standing in line. they are already you can bet china and japan are touted to be the biggest win is for briggs it's deals. this is of course following behind hong kong which was once colonized and run by and managed by the u.k. so they already have a very long standing strong investment process procedures from the u.k. tourism is very strong in financial deals as well so in all these fields of between hong kong and the u.k.
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are just going to increase china and japan are falling closely behind but it will take years before we see any action of these if lamentations our plans or the real result and outcomes of these deals andrea hang there from singapore thank you so much. now today marks the first day of the euro it was launched exactly twenty years ago on the first of january in one thousand nine hundred nine a currency for eleven e.u. countries and at the time it only served as book money it took another three years until the euro also became physical money with notes and coins after a rocky start the euro eventually turned into the world's second most traded currency and a guarantor for stability in europe the euro was launched on january first one thousand nine hundred ninety nine with a huge parisi the european central bank set the exchange rate with the national currencies but europeans could only pay with the euro using checks credit or debit
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cards coins and notes were released into circulation three years later. initially financial markets were skeptical. the euro fell to a record low of a c. five cents to the dollar on october twenty sixth two thousand. things improved two years later when the currency was launched as cash in paper and coins that port confidence the euro climbed reaching a record high of nearly one dollar sixty. but the two thousand and eight financial crisis shook the global banking system. the euro also took a hit within a couple of months it lost a fifth of its value. times remain turbulent for the common currency the twenty ten greek debt exacerbated the situation and in danger of the euro the
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european central bank jumped into supporters and the currency lost significant value in twenty fifteen amid another debt crisis in greece and the conflict in ukraine but it started rising steadily afterwards. the euro is now the world's second most important currency more than three hundred forty million people use it in europe but times have still remained stormy for the common currency. well today is not just new year's day today rumania also takes over the use retaking president for the very first time and this comes at a crucial time for europe with brics it and the european parliament elections falling into that six month presidency period in a tweet today you council president wished romania all the best with its first year presidency saying that he is confident the country will deliver. well many in
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brussels however have mixed feelings for some time now the romanian government has been at odds with the e.u. regarding the rule of law separation of palace and corruption. these protesters say they've had it with corruption and nepotism so they gather at noon every day in front of the governing parties buildings in the city of sydney you in the region of transylvania. they're calling for politicians to respect the rule of law. that's a good concept the exist and what's clear is there is corruption at all levels of society that's why we're standing here on the streets to send a message we cannot look away any more all the politicians should know that we're watching them very closely. adrienne champion is the mayor of charity it is seuss a town in the car pay theon mountains he is frequently confronted with corruption
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allegations connected to his plans to revive an old gold mine close to the nearby city of dave with the help of a canadian mining company. he says his plans are all about bringing employment to the region. but. this project could create hundreds of jobs and thereby help significantly reduce unemployment in our town the whole region including neighboring villages could benefit from the mine but the project requires getting rid of four hundred hectares of forest so far opponents of blocked the mine through the courts. in the town hall the mountain of files on the mine is growing. corruption is something the mayor doesn't want to talk about. he presents a document from the government's anti corruption agency it says he has not profited
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personally from the five hundred million euro project. that yes and n.g.o.s cuse me of illegal dealings but the anti corruption agency investigated everything and now i've been officially exonerated. down in the miners' settlement former employees are hoping for new jobs there are uncertainties once again up on the mountain new allegations of corruption against the mayor the n.g.o.'s mining watch accuses him of illegally signing over the forest to the mining company. it says the mayor was in cahoots with the firm then after just one month i think the whole question of the mining company they think being at the moment. and corruption directed right and then there.
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for now corruption is bringing anger to remain it's hindering investment and keeping investors and jobs away. to kenya now where the economy grew faster in the third quarter of twenty eighteen than during the same period last year the country looked at a six percent growth the economy was voided by the agriculture and construction sector has increased food production means the country is importing less farming accounts for about thirty five percent of g.d.p. . cultural products and key exports the government now expects the economy to grow six point two percent in twenty nineteen that is higher than forecasts earlier this year. and we have just enough time to look at new year's traditions japanese have been flocking to retailers to stock up on what has got to be one of
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the world's most elegant new year's gastronomical rituals it's all about sumptuous boxes packed with traditional foods often delicacies such as caviar and truffles the lack of boxes sometimes with two or three layers a call to keep the most nigeria ones at the months we are department store in tokyo can sell for nearly fifteen hundred dollars and. that's a business update here in the u. thanks for keeping us company.
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