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tv   Business - News  Deutsche Welle  January 2, 2019 4:02am-4:16am CET

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what a time to take the brain. assumes the rotating e.u. presidency as protests grow at home over corruption. brazil's weighs in a new president in our who says his country has been liberated from socialism but it's also saddled with debt. and one of cambodia's hottest exports boosting peppa production to energize a whole region. i've been fizzling let's do business is romania up to the job it's taken over the e.u.'s rotating presidency but european commission president. has voiced doubts about its ability to do the job romania joined the e.u. in two thousand and seven and is subject to special monitoring by brussels due to shortfalls on corruption and the rule of law. these protesters say they've had it with corruption and nepotism so they gather at
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noon every day in front of the governing party's buildings in the city of sydney you in the region of transylvania. they're calling for politicians to respect the rule of law on. the grounds of the existence 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. andrea and champion is the mayor of church here to sousse a town in the car pay theon mountains he is frequently confronted with corruption 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.
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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 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
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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 forests to the mining company. it says the mayor was in cahoots with the firm. then after just one month the think the whole concession to the mining company these things being investigated by and the corruption directorate and the mayor is directly involved. for now corruption is bringing anger to remain it's hindering investment and keeping investors and jobs away. european union officials called the euro
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a symbol of unity sovereignty and stability but they stressed the need to strengthen its resilience against future crises a single car seat turns twenty today. the euro was launched on january first one thousand nine hundred ninety nine with a huge parsi the european central bank that the exchange rates with the national currencies but europeans could only pay with the euro using checks credit or debit 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 confidence the euro climbed reaching a record high of nearly one dollar sixty. but the two thousand and eight
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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 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. brazil's new president has pledged to kickstart the economy. the policies of u.s. president trump. says he wants to put his nation first the private sector
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whatever his plan the country is drowning in debt it's going to be a tough job for his finance minister this is paolo gadget is the man in charge of turning brazil's economic fortunes around a us trained economist he's pledged to introduce a host of free market reforms here he is back in october telling the media about his plans to boost investment by lowering interest rates and reducing bureaucracy. he also wants to sell off state enterprises in order to reduce public debt which skyrocketed to in the previous administration so just how big of a challenge will that be let's take a look at the numbers. back in two thousand and fourteen brazil's government debt amounted to fifty eight percent of total economic i pushed by two thousand and
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eighteen is had surged to seventy six per cent the world bank has warned that the figure could rise to one hundred and forty percent of g.d.p. in the next decade if no drastic measures are taken one measure that's being discussed is the privatization of states owned oil company petro brass it's brazil's biggest firm and by far its most valuable asset. parts of those have already been sold off that decision came in response to a major corruption scandal that broke in twenty fourteen. but the prospect of the entire company ending up in the hands of private investors is a step too far for many including apparently for president also narrow himself sealing the face of the oil giant is therefore one of many pressing issues on the agenda for the new finance minister european union produces a trans tariffs a backfiring spot having to pay high judi's on their products shipped to the united
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states they say there's been an unforeseen move in the markets benefiting them. each of these aluminum blocks weighs more than nine tons specialist producer alan next uses them to make extra durable industrial complements. since june the german company has had to pay ten percent in import duties in the united states but is actually making more money. that's because the tariffs have pushed up the price for aluminum. one reason the company c.e.o. wants to increase production at its plant in south carolina the american africans he fought to tie the more value creation we do on site the less we have to import it from all point of view and the result will be that the tariffs will have no effect in the future because the more we produce on location which trump wants the less the tariffs when it terribly. the us operations only account for ten percent
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of the company's total revenue but that will change soon demand is rising the company special is required in medical technology much like it is to make solar cells and cars. some call it the best paper in the world and it's proving to be a hot export full cambodia compote peppa it's even received protected geographical rights from the e.u. putting it in a league with a ham and champagne this could be the cash crop for one of asia's poorest countries complet peppers has grown on about four hundred fifty farms income podio said to be ideal for the spices because of its oil that have an industry is the biggest employer in the impoverished provinces of complet and can't. grow in complex pepper has allowed me to take care of my family and have a good standard of living. i want coming audience to know how important it is to
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grow here. during communist era the coming rouge cut down production saying it was decadent the crop was revived in the mid one nine hundred ninety s. it's rebirth helped the local community and paid for year old medical clinics and schools the e.u. has given comfort to pepper protect a designation that has pushed prices higher and opened up new markets go from next time they think you know uncle sam have time for expecting production to increase in twenty nine. i definitely have accomplished pepper is already well known in some international markets but we are also developing some new markets on the pier before you are developing the new markets gentle quality and reputation of competent hepper which is considered to be the best paper in the world by out the problem here by the fact that you have the revival of farming here has transformed lives and landscape and created an awareness of the region among peppa loving consumers across the world. spice up your life
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a little in twenty nineteen until cambodia will thank you guys doing business with it by. going to. play. the. blame. game going to. lean over. the
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colby's and. germany to learn german to live in the cold why not learn with him d w z e learning course nikos fake. i know nothing of that that well i guess sometimes i am but i said nothing which is that we should think so you consider german culture looking at the stereotypes quietly and think the future of the country that i now not. be taking his grandmother day out to meet its old out ok. i might show join me to meet the jetman sunday w. . post. we make up oh but we want tons of classes that are on the budget cuts we are the seventy seven percent. want to shape the continent's future. particularly enjoy britain youngsters of testing share their stories their dreams and their challenges close to seventy seven percent tube
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