tv Business - News Deutsche Welle February 1, 2019 3:45pm-4:01pm CET
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he is also looking at robots especially in care for the elderly. joyce storage of bank the earth's wild pride and joy of germany's finance industry is supposed to be there no profit for the first started four years is it enough to stave off a merger with a rival and. this is business as. welcome it's the biggest ever free trade agreement that is the one between japan and the european union it's called jephthah it comes into effect today and it's so comprehensive that it eliminates nearly all trade barriers between the two partners european commission president john clode younker called it quote a message to the world about the future of open and fair trade that's a clear wink across the atlantic besides tariffs the agreement also contains principles on labor safety climate and consumer protection it connects to huge markets six hundred million consumers will be part of it jeff that covers
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a staggering third of global economic activity in detail japan scraps alternatives on european agricultural products like polish talk italian wine or french cheese that have been brought into japan and returned the e.u. agreed to put no tariffs on many industry goods especially cars so your trucks only t.v.'s and nick own cameras will get a lot cheaper in europe so with me in the studio now to talk a bit more about this is my colleague your dog d.w. business. after him by japanese products for years and years and years and never realized there was any problem in trade why this pact now well it's the way you define the problem right the thing is that japanese products are more expensive than other products for example coming from korea although they have a similar quality and that was because of the terror so that problem. is that the
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solution to it one other thing is market access the problem is that in japan there are a lot of tiny regulations and rules that hinder the companies of just to just actually do business in japan i used to work at the german chamber of commerce and the number one concern for german companies in japan were those regulations. internationally how significant is this deal we had already that it is one of the biggest trade deals ever in compas a six hundred million people i think the bigger message here basically is to the u.s. saying well we had to teach it and we had t.p. both of them actually america trying to do free trade deals with the e.u. and with japan and he pulled out basically trampled out and i like the fact in a way that both of the. economies are saying well you know here's what we're doing we don't really care and we're going to be successful and at least that's what
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they're saying we'll see what happens as we show you the u.s. how it's done do you work at all you travel to japan a lot. of this trade deal and some of press coverage is is that people aware that this is been going on it's quite funny i think i was looking at all of the major newspapers japanese ones american ones european ones and it doesn't seem to be that much of a deal and that's mind boggling to me because it is such a big deal basically but i think it's because it's been signed it's been talked about for quite a lot of years and that's why now it's basically just oh yeah well it's and in effect now. now that it's there for you and me what effect will it have for the average consumer in japan and here in europe well the first thing i thought when i was reading about this was i go to japan a lot i also lived there a lot and cheese and wine was so expensive there i could never buy foreign cheese and wine i was like oh thank god finally i can do that ham as well very expensive
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so that's one plus side for me and for japanese consumers but also for you as we have seen if you want to buy japanese cars if you want to buy japanese electronics in general those terrorists are also going to fall and i think that's going to be a plus for the european consumer the food is going to be a good thank you thank you very much. well on the other hand two days of trade talks between the u.s. and china and that ended thursday with out a deal disappointing but not surprising investors there's just a month remaining until the temporary trade truce between the nations inspires potentially triggering u.s. import duties on two hundred billion dollars in chinese goods now u.s. president on trump says there will be no final accord until he meets with his chinese counterpart xi jinping. the world's two largest economies are battling for future dominance in critical high tech industries according to robert light hisor
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the lead u.s. negotiator in beijing's corner chinese vice premier you hate the smiles hide the fact that beijing is fuming over washington's prosecution of chinese telecoms giant while away but president trump clearly believes he hold the aces and is willing to play a waiting game we're going to go into everything you probably saw this morning say we're going into everything this is going to be a small deal which this is going to be a very big deal or it's going to be and you know there were just postponed for a little while but earlier trump had tweeted his negotiating position looking for china to open their markets not only to financial services which they are now doing but also to our manufacturing farmers and other u.s. businesses and industries without this deal would be unacceptable beijing strategic plan aims to make the nation the global leader in aerospace robotics artificial intelligence and new generation what are those sectors that u.s.
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officials say are the crown jewels of american technology and innovation the u.s. is attacking chinese trade practices they call unfair including the forced transfer of american technology by a man to treat joint ventures with local firms. going back to japan which is running out of what has to for every hundreds job seekers there are currently one hundred sixty dubbed bacon's is according to french government data released today as in many advanced economies japan's population is rapidly aging the country's workforce is shrinking and immigration has never been a reliable source of labor so can robots maybe make a difference. and entire country is retiring and those who grow old don't only stop working they also need help especially in the care sector workers are in short supply to compensate japan relies on robots and they can do quite
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a bit. you. need some getting used to maybe but in japan it's already a fact of life. that the workplace a combination of man and machine can boost productivity this portable chair supports the legs the japanese already have very long working days the idea behind it is that it helps to get a little more done. that. sort of thing i think i think there are jobs all over the world where employees have to stand for long periods of time we hope to spread our technology throughout the world. doctors for example could use the chair for more enduring strong long operations you know. and this warehouse worker can handle heavy loads while working alone once it's been instructed the robot pokes around without bumping into anything during deliveries.
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the logistics industry is complaining about too few workers perhaps the digital speedster could help. japan is investing heavily in robotics and artificial intelligence the country urgently needs to do something to attract skilled workers immigration has so far been rather alien to the japanese. but now it's being made easier because not everything can be taken over by a robot some things still need the personal touch. germany's large as a bank has reported a profit for the last fiscal year. it's the first time germany's a premium lender was in the black since twenty fourteen according to the bank's numbers dodger made around three hundred forty million in profits last year slightly lower. expectations. it's the first results for deutsche is a new c.e.o. christiane's a ving and unfortunately for saving the troubled lender isn't out of the woods yet
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the fourth quarter was a rocky one but despite the turbulence dosha ended the year with a tidy profit of three hundred forty one million euros a solid step forward after its seven hundred thirty million euro loss in twenty seventeen. do you look at any given song it's a return to profit demonstrates that deutsche bank is on the right path now we need to take the next step will continue to cut costs in twenty nineteen and invest in growth like it invokes to invest here. but it's hard to see where that growth will come from deutsche is facing weakness in its traditional bull walks of investment banking and wealth and bond management. and germany's biggest lender still seems to dancing from one scandal to the next last autumn voyages offices were raided as part of a money laundering investigation and is facing renewed scrutiny in the us over its business dealings with president donald trump. maybe that's why dosha boss saving
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didn't comment on profit projections for this year all on a possible merger with germany's second largest bank comet's bank. well let's go straight to frankfurt where daughter back is headquartered a macauley. standing by paul champagne corks popping their q. there was seltzer water and apple juice and that's all there was because while christians are having with very confidently laying out this narrative of a bank that that achieved its goals against all odds of markets and raids and scandals and the possible merger that is still going on it's still only a return to normal really and it's going to continue with a lot of discipline and savings and no champagne there unfortunately it also didn't have much of a vision that some people were hoping for that would reinstate trust from investors
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and maybe also politicians. very briefly what about the merger with. yeah didn't like questions on that he said he's not going to get involved in any in any rumors the only people really who seem to want this is a german politicians the german finance minister he's keen on building and national champion you know putting two week banks together isn't going to create that there's very lot of doubt about the success possible success of that thank you very much in front of. and that's and from paul and me on the business as a team. in the.
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extravagant venue. and two hosts who really know their stuff. grooves. which feel good and stephanie. hardy and shipped with musicians from around the world. groups starts feb second song d w. i think is everything challenging first under a muslim. school much different culture between here and the. challenge in court if. some of the same i think it was worth it for me to come to germany. i got my license to work as a swimming instructor sure knowledge to children one hundred of us was one of the toughest decisions. what's your story take part cherish on info my
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greenstock missed. a couple of. play. this is e w news live from berlin is this the end of our control. the united states will therefore suspend its obligations under the i.m.f. treaty effective february second. the united states says that it will pull out of a key nuclear disarmament pact in six months will be a lot.
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