Skip to main content

tv   Business - News  Deutsche Welle  February 6, 2019 7:30am-7:46am CET

7:30 am
it's a big chance because justice is about the truth. truth detectives starts feb fifteenth on. the. china in the crosshairs again u.s. presidents donald trump says china theft of u.s. jobs and wealth must stand that rhetoric going down with the chinese less than a month until the trade truce between the two top economies of the world runs out the latest from our correspondents also the u.s. is upping pressure on europe to ban chinese telecoms trying to away germany finds itself in an awkward position and will tell you what. the next big thing in
7:31 am
european mergers may just be too big for european authorities the commission lives to vote down. crystal welcome to the program u.s. president donald trump has once again accused china of attacking u.s. industry in his state of the union address we'll tell you what he said in the second but first here's some context in the next few days mr trump is likely to send his chief negotiators back to beijing richard chinese president xi invited president trump to the resort island of hainan at the end of february if negotiators haven't gotten results by then missing from past threaten china with drastic tariff increases on chinese goods at the beginning of march at the state of the union address he outlined what he thought was at stake for the u.s. economy. to build on our incredible economic success.
7:32 am
one priority is paramount reversing decades of calamitous trade policies so bad we are now make it it clear to china. that after years of targeting our industries and stealing our intellectual property the theft of american jobs and wealth has come to an end. president trump delivering his state of the union address there now for some chinese reaction to the president's speech let's bring in d.-w. is welding yang in taipei william good to see you dollars trump says china's quote theft of u.s. jobs and wealth needed to end how's that going down with authorities where you are so far we haven't really heard any reactions from beaching regarding this speech this morning however as donald trump points out the importance of including the
7:33 am
structural changes to final deal with beijing. analysts here in china believe there have been some measures that's got underway in china that can reflect the well in this of beijing to comply with washington's demands they include the passing of the foreign investment law and also promising to import more soybeans and automobiles from washington however washington has also repeatedly emphasized that these demands well be enforced strictly the president trump says he has touted that the trade negotiations with the chinese were going very well do the negotiators on the chinese side feel the same way.
7:34 am
all right i think we're exposing experience and trouble with the line there. william. oh ok i think i will leave it that william yang correspondent in taipei reporting for us there william thank you so much now pressure on chinese telecom giant why it's growing the czech republic is the next country to exclude the company from any future state contracts critics warn that huawei is a trojan horse for the chinese government the german government is also debating whether or not to have four way participate in setting up germany's five g. mobile network chancellor merkel has now put the burden of proof on huawei itself. speaking before an audience of university students in japan german chancellor angela merkel had this to say about the security risks posed by chua way. something that needs to be discussed with china that the company doesn't simply hand over
7:35 am
data to the government but the german consumers can be sure the chinese doesn't get access to data on all chinese products that are sold in germany. looked at. her comments will be scrutinized japan's government has already prohibited the use of wildly networking here the u.s. now says europe is the top priority in its effort to ban while way use among our light nations britain and canada are considering bans astray and new zealand have already moved ahead with them germany traditionally a close u.s. ally would be expected to follow suit but it's not so simple german carriers have said they can't replace flyway without raising network costs or delaying builders and bring china is a risk as german firms seek more access to chinese markets and u.s. tech firms have themselves been tied to american surveillance programs experts say germany must first consider its own needs and that there are safeguards against
7:36 am
using any one particular company that could mean. a central role in any network. this is. plenty to consider germany try to navigate the latest in a growing list of u.s. china disputes. japanese car giant toyota saw its nine month operating profit fall close to thirty percent probably to get to slash its full year forecast attribute of the drop to a slump in sales in the united states to equity investment losses and low back from a potential no deal brags that it's predicting annual profits of just one point nine trillion yen or just under fifty billion euros that's down from earlier estimates of more than eighty it's global reach us is a more robust rising two point eight percent driven by engine demand.
7:37 am
europe's next peaks industrial champion might not come into being the european union looks to set down to vote down a merger between german engineering giant siemens and french rival alstom the two companies were set to merge their railway businesses in the hope that the tie a bullet would enable them to take on four rivals but the european commission expressed concerns about the competition in europe this despite the fact that siemens and also offered to let go of fifty percent of their assets to make the merger happen. for more of the story let's bring in our financial correspondent paul chris from branson frankfurt a poor christian one of the ears reasons for wanting this merger not to happen. well chris of the two merged companies would make up about forty percent of the european market share and the commission is just worried that this kind of monopoly
7:38 am
might be too much that it might derail the competition and there for a lead to to less choice and ultimately to higher prices for consumers we saw with the breakup of the energy sector in europe how that brought down prices backers have tried to make the e.u. look at at the broader picture not just look at the european market but look at china for example where the c.r.c. the chinese railway company has managed to gain over seventy percent of the global market share when siemens alstom merged company would only make a war fish ten percent and that global market about christian there is a more fundamental disagreement here though what's at stake. yeah i mean this attempt has obviously not worked and that's because there's a fundamental disagreement in what the use role should be in european business on
7:39 am
the one side you've got a strong official strong the e.u. officials like margaret of s. together who is main issue is consumers in the un making making live their lives better and potentially cheaper and then you have national politicians especially in germany and in france who favor champion politics as european champions of strong big companies and want to relax the rules there also in response to growing protectionism and expansion that we see from the u.s. and china and only yesterday the german economic minister came out with with a national industry strategy but however we don't what would the e.u. needs is a common voice a single voice to respond to these potential threats of coming from china and from the u.s. not a national national attempts to make us go away w.'s paul christo broods reporting from frankfurt thank you children of today just
7:40 am
fourteen years represent one quarter of the world's population according to the united nations but in many parts of the world kids this reportedly are affected by poverty two out of three children have no access to social protection according to a fresh report by unicef and the un's labor standards agency. millions of children are forced to work every day in many countries often their parents have no other option children have to supplement the family income so that there's enough food on the table. for so many kids poverty is what is preventing them from going to school from having health from having nutrition and what it shows is if you provide cash transfers to these children you see really significant improvements in their health and education which changes their future life course and their future life chances and of course also has a really big impact on society today half of the children who live in extreme
7:41 am
poverty are in sub-saharan africa and the problem could get worse for the region which could help ninety percent of children living in extreme poverty by the end of the next decade according to the u.n. it says governments need to increase cash transfer programs for children. u.s. tech giant apple has reportedly paid france nearly half a billion euros to cover a decade of back taxes french magazine that l'express says the deal was made at the end of last year following in months of talks the case is thought to center on the small amount of sales the company books of friends to the country's importance as a marketplace most of its sales in ireland which has a corporation tax rate the calls are growing for the company to pay more tax and other countries that still has its. in another episode of venezuela's term orals the retiring president maduro is accused of draining state coffers ahead of a potential change of government will go based. transfers over
7:42 am
a billion dollars of government funds to banks and you're right that's after the opposition and this lead to one why though had denounced the proceedings as a theft of public funds in the midst of venezuela's economic crisis countries around the world are pressuring him to resign the national crisis or of the left major protests and the immigration. and that's your business update here on don't forget you can always get more on the website. slash business for now thanks for watching and successful day.
7:43 am
let's dive into the oxbow take a closer look at modern culture from. cults and culture on t.w. . hey listen up. that's what video game music sounded like thirty years ago. today's tracks take the experience to another level ok thanks to him talk composer limits are. featured in
7:44 am
many games his music is bound to. his fans he opens doors to. sounds good. as shown or that's so much more than just background music video game music starts february twenty fifth on d w. welcome to news from the world about sin culture i'm robin merrill and let's have a look at what we've got in store for you today. this painting will self-destruct and so it did street artist banksy made waves with his high jinx now the infamous shredded picture finally goes on display. musical talents sophie home is shaking up the scene here in new york with a fresh mix of jazz rock and pop she'll be here in the studio. and
7:45 am
a look into the inspirations of three women credits is with inventing abstract the full that better known by all kinds of pop. last october at sotheby's auction house in london the anonymous street artist banksy told a mischievous artistic prank by triggering a device that started to shred a painting of his that just sold for one point two million euros go with a balloon has now been read a and love is in the bin and has pride of place in an exhibition in southern germany. not fans of queuing in the cold to get a glimpse of banksy is go with the balloon or as much of her as they can see anyway it's doubt it's the hot i don't want to miss out. i thought it was a new picture that was partly shredded but it really does look messed up. the picture caused a global sensation last october that's not the baby's auction house in london to go with the balloons.

23 Views

info Stream Only

Uploaded by TV Archive on