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tv   Business - News  Deutsche Welle  January 16, 2019 2:15pm-2:31pm CET

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if you do lose more coming up at the top of the hour but in just a few minutes time it is business with ben fizzle and just stay with us if you can i'm sara kelly in berlin thanks for watching. i'm not laughing at the germans because sometimes i am but most have nothing with me the german thinks deep into the german culture. you don't seem to take for this drama they owe you if hold out who they know i'm right so join me for me think i'm going to double post. where you saw me. when your family is scattered across the globe. with the insisted you go to the mostly
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me because the journey to the roots should government not the. bush on charlie from somalia the wrong. headed urgent assistance and. finally start to turn her into her own t w. as britain buries the prime minister's pranks a plan the markets are oblivious to investors think the worst is still to come. police clamp down on petrol price protests in zimbabwe as the latest signs of a deteriorating economy. and turkey's currency crisis hits importers of long established foreign labels they weathered the storm. i've been for one let's do business just two months left and what
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a mix the british parliament has overwhelmingly rejected the prime minister's agreement on how to exit the european union a bring france is speeding up preparations for a no deal breaks it telling businesses to get ready for the worst germany is also wanted. and it came if it were hard bricks it would of course have major consequences for prosperity in shops especially in britain but we as a country that exports a great deal of it and have very close economic ties we have no interest in hard drugs. business we suffer very much because you have to see that british german trade for example is at one hundred eighty five billion a year and germany has a surplus with britain at about forty five billion a year germany would suffer more of course due to this fact there will be immediately the necessity of. millions of new. beauty
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procedures. and dealing with the regulations and this. will cost approximately. several hundreds of millions of euro for german business. but let's bring in our correspondent in frankfurt corp daniel the dax is flatlining explain. it's quite surprising that we would see a shopper reaction here today at the stock market was clearly wrong well why is that happening while investors pretty much thought that two reason may would not get this through parliament so investors were not really surprised today of course now also invest or is are worried once again that at the end we could see a hard grex that happening but there are also you know rumors that at the end we might not even see a break so that scenario would be certainly the most favorite one off investors so
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there is some hope so that's why we're not really seeing this big market move it at all today then you can you give me an idea of how european businesses are preparing . well it's so difficult at the moment for them to prepare because they really don't know what is going to happen i we're going to see a heartbreak is there going to be a controlled breakfast or at the end maybe not even just imagine this scenario that we would at the end not even have a break so we have to remember that financial services institutions have been already moving hundreds of employees out of london to other cities here also to a frankfurt so what would happen to them at the end at the end we might even see a breadth of so just so many questions right now that needs to be answers and investors are hoping for answers as soon as possible it's very difficult to prepare for the frankfurt there. let's bring in our correspondent in singapore and
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breaking andrea also a beautifully action on asian exchanges. yes a very muted toll in the asian markets today especially off to the boost that they got yesterday during closing closing time and this is particularly pegged to china's fresh stimulus into the economy so this predict that the market is not going to move much more from this as though the markets my hope is a wait to see what's going to happen with the banks that deal a great thing for us in singapore thank you very much. so does a proper trolling the streets of zimbabwe to deter protests over a fuel price hike and since a play was supposed to improve with the end of robert mugabe's eyeing grip two years ago a reign mocked by rising debt and soaring inflation. gasoline in zimbabwe takes
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days to get and it's now the most expensive in the world costing three dollars and thirty three cents per liter this for a nation where the majority lives in poverty inflation and shortages have returned to zimbabwe and with them anger at the government. who can do to loot fifteen dollars for two leaders of cooking oil and two kilograms of sugar is going for ten dollars anough isn't enough. it's a grim outlook for president emerson my non-god whose rise following the thirty seven year rule of robert mugabe suggested better times were ahead or at least more stable once markets reacted positively foreign lenders seemed willing to open their pocketbooks again but the economy's structural problems remain unresolved state owned enterprises and a massive public sector swell of budget propped up by the central bank is over drafting to pay the country's bills and relying on an electronic currency due to
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the lack of hard cash that's caused the actual value of the currency zimbabwe use the u.s. dollar to plummet the government needs to borrow more to increase its cash reserves immanent god is busy making his case he was in moscow this week and he's expected to attend the upcoming world economic forum in davos all efforts to keep zimbabwe's fragile economy afloat. turkey has kept its main interest rate unchanged helping the lira rally against the dollar at this hour but in general the turkish currency is having a crisis forty percent of its value and that's hitting importers hot story and joins reports from istanbul. has spent his life building the big construct brand in turkey selling a few thousand back in ninety five sales are now in the hundreds of thousands of companies selling imported goods but turkish currency collapse is posing unique and
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formidable challenges. i've worked too hard to establish this brand in turkey and to explain birkenstock special soles to customers i want to allow my efforts to be spoiled by crisis situations like the recent one that we've put a pricing policy into effect by waving our profit just like we've done in the past when we opted to expand the brand in turkey the crisis though has struck a big blow to us we've had greek losses they fold the currency collapse could not have come at a worse time for abated having just engaged on a major expansion of shops across the country many opened in shopping malls huge numbers of exploded as part of a nationwide construction boom adding to the financial pressure the rents in the malls are normally in dollars or euros because most owners have borrowed in foreign currency to build amal's. the mouse shop owners have had some good news with the presidential decree ending the practice of foreign currency rents but the stores
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selling solely imported goods whose prices have risen substantially it still remains a struggle. our customers who remember the prices from last year can clearly feel the increase the higher prices make us get into conversations with our customers about the exchange rate they ask us the reason for the increase and we have to explain the exchange rate situation. as i said this makes people think twice before buying. it that's the way it is with other brands too not just ours. given the few customers that visit the shop mostly just looking as a crisis is already hitting people's pockets. the crisis affected the way i shop for brands i now wait for sales. back at the big can stop turkey head office discussions i'm brainstorming on how to weather the economic storm continue thirty
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years in business betting is no stranger to currency shocks and prices but is aware of the scale of the challenge facing him. turkey are seen big economic crises and in my opinion this one is the biggest so far at least the biggest one i've experienced but we'll overcome it cautious bettin has weathered many storms in his career to bring bacon stock to turkey but with economists warning of the session next year this could be toughest battle yet u.s. president donald trump's travel restrictions on cuba were meant to deprive it from profiting from the american dollar it's his decision to cruise companies for the bad guys had an unintended consequence now even more american tourists shows and they're supporting state rather than private enterprise. if you're an american hoping to visit cuba your best chance of getting there is on a cruise ship u.s.
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luxury liners are still allowed to take groups to have. but passengers generally only make a quick trip on shore leaving little time for shopping. and i mean one of the five just the one leader of iraq you know smoke. maybe buy some coffee. it's trump's aim was to starve the cuban state of american dollars the plan failed u.s. ships pay the cuban government millions to dock in the capital economists say the policy is actually hurting an unintended group of people. but who got the most effect that has been the non-state sector the private sector. known state run restaurants more in the days of u.s. tourists coming to spend both time and money for. we've got a reduction of about forty percent in business compared to last year. and we're
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going to. the number of u.s. tourists in cuba is actually growing despite trump's travel restrictions but they're coming into our groups i'm staying only for a short while and the result is that their money is going to state run enterprises i'm not to cuba's entrepreneur as. i said business with you.
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but. trust. me. on the roadways you're a mass europe's most popular countries to visit korea. germany from the most to solve everything from hockey zionist. culture and a few surprises to. the cause of europe every day very strange to hop on a moment's more nuanced delusion of. serial
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killers take most of us. by lynch robber gangs. and ugly and probably prison feature of life in the one nine hundred twenty s. berlin legal analyst weekly they'd find most of them on truckin literature strange sometimes just body parts of a knighthood violent crime has the german capital in a chokehold the most recent trip to be auditioning for so long as one upmanship and disappearing random detectives dast crime scenes at a time is a sure it was a nice touch to the. criminals don't reckon with him detective superintendent. const cannot. be revolutionizes for reams of procedures and establishes an extensive record system laying the foundations for modern police work just like in
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the candidates was doing back then was basically the same as today to find this an attempt to relate metropolis of crime. starts january twenty ninth. on t.w. . hi there welcome to a new week of euro max your daily dose of european lifestyle and culture here on the w. and today special was showcasing the best that germany has to offer is what's coming up. is it the vikings i said who is a unesco world heritage sites in old in germany.

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