tv Business - News Deutsche Welle February 8, 2019 2:45pm-3:01pm CET
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with us and in a moment we'll get the latest business news from asia but first an update on a highly controversial gas pipeline project that runs from russia to germany the e.u. has been divided in its support for the project which critics say would make the bloc too dependent on russian gas germany however stressed the project's economic benefits now ahead of a crucial e.u. decision on a new directive that would impact the so-called nor to stream to project france and germany submitted a draft compromise on the issue which the e.u. has just adopted in a moment we'll get some insight into that quite complex story but first this report six hundred kilometers of the nord stream to pipeline have already been installed but the political problem surrounding it has still yet to be resolved this week france added its voice to those feeling uneasy about the project. this is
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what's at stake the pipeline would transport gas from russia to germany by the boat exceed the project in its current form is operated by the russian state energy company gazprom. and that's exactly what critics including president trump of the united states objected. the dependency from russian gas will increase jessica lee with us newer pipeline and that's the reason why they constructed and it contradicts obviously the european goals not only of the energy union but in the future we will see less gas demand because of climate policy and this is the reason why this pipeline is completely on the canonical front surprised its allies on thursday saying it plan to back e.u. proposals to extend the block's energy rules to cover gazprom but now a draft document suggests paris and berlin will together insist the e.u. member state where the line first connects should enforce the rules it's a win for the project but with other objections on the table is far from full steam
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ahead. all right just bring us up to speed i'm joined now by the boss in your research fellow at the oxford institute for energy studies in paris good to have you with us please enlighten us why is the project so controversial i think when it has you stated i mean it's very controversial because we have a division between the e.u. member states we have a division also the commission and the e.u. parliament where again state and interesting enough the russian gas from once exists as fast as possible because if you build it as fast as possible world then what everything changes regulation is not going to happen i think it's a question of controversy controversy and speed of who is going to achieve. targets i.e. the new e.u. guess directive or the construction and operation of this new part ok so it's
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something like a race against the clock but then we heard of this compromise that's been adopted what does this latest turn of events mean for the project. well i think this is a testimony is that this fight is what about six i mean what we heard yesterday was that france was going to be in favor of these new e.u. directive and this could have mean that the majority of the member states would have moved against north seem to as as you stated germany is a strong supporter of this pipe and has been i think politically astute astute to find and to reach a compromise as you said as a compromise that all germany to implement the rules and salt what we can say is yesterday we would have said that the fate of those who rise they might be a success france was going to have her against walls for him too but with this compromise i mean this new directive will have a little impact on law seem to power right and just just very very briefly it's
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very difficult to keep up with what's going on so what will be next. well again speed and then mark as he hasn't agreed for the pipe to go through he started to water as you stated in your program the lord trampy speech against and you know that the u.s. can implement things on the e.u. companies off simon sings this type so there are loads of things that make comment in the coming months or weeks i mean it's unlikely this pipe is going to be built by the end of this year i like the idea and also by the beginning of the extra problem not quite yet off the table they're all senior research fellow at the others if you would for energy studies in paris thank you so much. german payment service provider to say that it is considering a lawsuit against the financial times the business daily has published
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a series of reports accusing the company of fraud the financial times latest release stay allege that two senior officials were aware of the so-called round tripping scheme described in its articles that's involved moving cash between asian cities to artificially pad the books so for german prosecutors haven't found enough evidence to open an investigation why account has denied the allegations but a twenty percent slide in the company's stock implies that investors are convinced it is telling the truth. and for the very latest let's bring in our market correspondent who is following all of this from the frankfurt stock exchange what's what's the latest what can you tell us. all i monica the shares dropped yesterday twenty percent rose this morning and now they're dropping again drastically because it looks like the singaporean police have paid card listen a little visit why these these strong swings this volatility because really the
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asian business for wire card is at the core of what investors believe to be the promise of this company if it was able in such a short time to capture the asian market and be successful there then it might be possible the company can see it can be successful everywhere with its business model however if the books were indeed cooked in order to get license and license for example in china and that calls an entire model into question. paul i'm sure you also keep your eyes on what happens with tata motors says they have fallen by almost thirty percent of the company posted the biggest quarterly loss in indian corporate history the owner of the u.k. based jack you a land rover lost three point eight billion dollars during the three months to december that was partly down to fifty charges relating to weak sales in china j l r is also suffering as a result of the uncertainties of breaks it and forming demand for diesel vehicles.
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so paul again a massive share loss and was seeing this more and more often across the board all the companies struggling the same problems. well we've seen a couple of car makers and they at least share some of the problems we we have topped. with big problems in china's luxury market chinese customers are just aren't buying these luxury cars anymore and dimler which i also report of this week has the same problem i'm top of that it's also producing its cars in the u.s. and that means additional tariffs on their cars when they ship them to china one area we're taught on might be worse off than others is a jaguar land rover is pretty much tied to the u.k. and while companies like nissan are leaving and b.m.w. is taking a break that will be very hard for for jaguar land rover to to do and over fifty percent of the u.k.'s car exports still go to the e.u.
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twenty seven countries right now about it it's a big problem and they have published inputs thank you so much for this. turning to and of the anniversary iran purposeful celebrations to mark the four teeth on the surreal the one nine hundred seventy nine revolution and during those four decades the country had to deal with the impact economic sanctions had aimed at forcing it to change its policies hottest it of course. ordinary citizens report takes us to the country's capital tehran. on a cold february afternoon in downtown tehran the streets are busy. however inside a small restaurant it's a different story. the latest round of economic sanctions have had a big effect on the price of chicken his main staple it costs almost double what it did a few months ago and customers are staying away as
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a result. and i've heard you on eleven to four we were so busy we didn't even have time for lunch or tea but now the situation is like this. it's not just the price of food that has been affected. prices have been rising steadily for consumers and businesses across the country causing plenty of worry for people such as majeed house in. a rug setter. we had resided in the markets the dollar exchange rate issue and the sanctions are putting pressure on people and people who own businesses are looking to the future with some fear. here while the economic effects are being felt by ordinary citizens here there is little appetite to bow to u.s. pressure. on the little created the revolution and they're standing by it and
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supporting it in fact those who are suffering are the same ones who protests a period in the revolution. here in iran the values of the revolution still come first. finland's government has revealed the first findings from a two year basic income trial researchers say providing a basic income did not the unemployed to find work in january twenty seven thousand two thousand unemployed finn's became the first european citizens to be given a guaranteed basic income a wage that would be paid regardless of whether they worked or not there was also no requirement that they look for a job last year the finnish government said it would not extend to the trial to the wider public the first findings from the highly publicized trial seem to back up that decision. and the next generation of bullet train has been on veiled in japan the alpha made by he touchy will have
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a top speed of three hundred sixty kilometers an hour it's twenty two meter long nose is designed to reduce pressure and noise as it passes through tunnels it's due to come into service in twenty thirty when the hokkaido often comes on line extended it's. interesting train that's business asia here on d w thanks for watching you can always find out more online off course or if you follow us on twitter. i do stay tuned because the news is coming up next thanks for watching.
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enough of this embarrassment mensuration is still a couple subject any feminine hygiene products are hard to find one for wants to change by many freshman senator. and so when the door to door. came to the mission. go to college. keep learning marched reality wait a second. we want the whole picture facts instead of make ideas shifts to limit. the measure to reality to cryptocurrency to your topics for live in an amateur changing digital world let's talk to devise a sure fire ship. on t.w. .
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there's a saying amongst many tribes in north america that before tribal decision is made the elders consider seven generations in the future possibly two hundred years in the future this tells us affect the well being of the tribe i have never heard a politician in the united states talk about seven generations in the future. or not so far for me for our well being i suggest that you think in terms of the native people think less of personal ownership of. possessions he more a matter of community this is our opportunity to live here for a while. this
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is the new. coming to you live from berlin a tragic fire at a brazilian football club the beer is terence to the youth training facility offered for giants flamingo and beauty janeiro killing at least ten people look the media reports that fares are among the dead. in germany gets to keep the lights on for now the country reaches a compromise with france a group controversial pipeline paris try to put the brakes on burdens plans gasoline would crush up scientists.
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