tv Business - News Deutsche Welle January 16, 2019 6:15pm-6:30pm CET
6:15 pm
i not mean full integration but with this barry and now broken the transgender community in india they can look towards a future of greater acceptance. that's today it's. been filled and will hustle business updates in just a matter of a day. every journey begins with the first step and every language with the first word published in the book. rico is in germany to learn german why not learn with him simple online on your mobile and free cell. course nikos free german meetings he. celebrates one hundred years of college and join our photo competition show us the photos movement impact your world for
6:16 pm
a chance to win one of three like the cameras follow us on instagram tag and post your pics using tash tags powerhouse one hundred so get snapping. my goal terms and conditions at the w documentary on instagram. barrys the prime minister's breaks a plan but it hardly makes a blip on financial markets why a trade is taking its. police clamp down on petrol price protests in zimbabwe just the latest signs of the tear erasing economy. turkey's currency crisis its importers of long established foreign labels will they weather the storm . and then for all of its to business just two months
6:17 pm
left and what a mess the british parliament is overwhelmingly rejected the prime minister's just agreement on how to exit the european union they bring france is speeding up preparations for a no deal breaks it telling businesses to get ready for the worst germany is also an age when it came if it were hard 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 written 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 for more of course due to this fact there will be immediately the necessity of. millions of new. duty procedures.
6:18 pm
dealing with the regulations and this. will cost approximately. several hundreds of millions of euro for term and business. as a financial correspondent why the brig's rebuff has hardly made a blip on exchanges. very interesting i mean the logic of the market is sometimes so hard to understand who thought this morning that now by the end of the trading day we are even in the green here at the blue chip index tracks where investors were already prepared for the scenario that to reserve may would most likely not get this through parliament so nobody was surprised and that's those are of course a little bit reluctant that's why we're also not seeing the fruits of index tax really big in the winning zone they are waiting now to see what is going to happen with this no confidence vote and while nobody of course once the heart breaks when
6:19 pm
they hear the rumor that maybe at the very end there might not even be a brick said that gives them some hope and that's why the market is reacting at this reacting today so should businesses be getting ready for no deal breaks. well it's so hard to say it seems that everything right now is possible an extension of article fifty with the u.k. leaving maybe some months later no breakfast scenario but we when you talk to investors and also to businesses here in germany most of them are prepared it also seems when you take a look at the european level not even the european leaders seem to know in which direction all of this is going to go we heard the german chancellor stating a little bit earlier that there is still time for negotiation in the coming weeks we heard the austrian chancellor of course a little bit earlier stating that he doesn't think that there will be more space for negotiation so lots of unanswered questions let's see how all of this is really
6:20 pm
going to develop. in front foot. soldiers are patrolling the streets of zimbabwe to deter protests over a fuel price hike things were supposed to improve with the end of or about god resigned grip two years ago a reign marked by rising date and soaring inflation. gasoline in zimbabwe takes 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. 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 managua whose rise following the thirty seven year rule of robert mugabe suggested better times were ahead or at least more
6:21 pm
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 a budget propped up by the central bank is over drafting to pay the country's bills and relying on an electronic currency due to 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. and turkey has kept its main interest rate unchanged at seeing the euro rally against the dollar today a turkish currency needs old help it can get it's lost more than forty percent of its value over the past year and that's hitting importers hod he w.
6:22 pm
story and joins reports from istanbul. it 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 companies selling imported goods the turkish currency collapse is posing unique and 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. 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
6:23 pm
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. so mouse shop owners have had some great good news with the presidential decree ending the practice of foreign currency rents but the stores selling solely imported goods whose prices have risen substantially it still remains a struggle to get. our customers remember the prices from last year can clearly feel the increase the higher prices make us get into conversations with their customers about the exchange rate they ask because the reason for the increase and we have to explain the exchange rate situation. on that as i said this makes people think twice before buying. it that's the way it is with other brands too not just
6:24 pm
ours. the few customers that visit the shop most are just looking as the crisis is already hitting people's pockets. the crisis affected the way i shall for brands i now wait for sales to miss and get back at the big can stop turkey head office discussions on brainstorming on how to weather the economic storm continue thirty years in business betting is no stranger to currency shocks and prices but he is aware of the scale of the challenge facing him. turkey has 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. bettin has weathered many storms in his career to bring bacon stock to turkey but with economists warning of a 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
6:25 pm
profiting from american dollars but his decision to exempt cruise companies from the ban has had none intended consequence now even more american tourists say it in cuban shorts and 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. luxury liners are still allowed to take groups to have. but passengers generally only make a quick trip on sure leaving little time for shopping. and i mean one of the plan to buy one. you know. maybe buy some coffee. if 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
6:26 pm
policy is actually hurting an unintended group of people. but who got the most effective has been the norm state sector the private sector well. known state run restaurants more in the days of u.s. tourists coming to spend both time and money. we've got a reduction of about forty percent in business compared to last year. in the biggest. 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 the result is that their money is going to state run enterprises are not to cuba's entrepreneurs. and one day for the european parliament to be holding its first session of twenty nine teen as the brits wreak havoc over break that representatives today celebrating this year's twentieth anniversary of europe's common. currency with the so cold and some of europe.
6:27 pm
6:28 pm
your populist a nationalist fox east figuring up to try to make a splash coming european elections my guest this week is michelle modicum of a cold front lawyer whose working with the president comes from a strategist steve founded to try and coordinate those proxies activities very may say used to drive a stake through the heart of the brussels from power to conflicts up for a few minutes before the top of the for. the
6:29 pm
almost zero. serial killers. to justice and. violent robber gangs. and ugly and omnipresent feature of life in one. twenty. past i think it almost makes me a fine person tracking with. such just body clocks and i. might as the german capital call the police force. me to join up in a magic shop and disappear to random detectives desk crime scene. criminals don't reckon with. detective superintendent. revolutionizes for easy procedures and just vanishes an extensive record system laying the
6:30 pm
foundations for. just what it can it's was doing back then was basically the same as today and that's. the metropolis of crime. starts january twenty ninth. t w. it's no secret that europe's populist and nationalist parties a gearing up to try and make a splash at the coming european elections but who's helping them my guest this week here in brussels is michele bachmann a corporate lawyer who's working with president trump's form a structure just steve brown and to try and coordinate those parties activities there i'm they say is to drive a stake through the hot.
31 Views
Uploaded by TV Archive on