tv Business - News Deutsche Welle February 15, 2019 9:30am-9:46am CET
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the subcontinent of economics has made them billionaires. wrestling misfortune. onto music. projects of in charge of your own team w. . we're all u.s. china trade relations headed negotiators from the world's two top economies met in beijing to result a trade dispute that's weighing on markets and business and it's also on the show why millions in india dream of working for the government. welcome to a business i want to get jones in berlin good to have you with us and we're starting with a look to asia where stocks ended the week down retreating from four months high as
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our data out of china raised concerns over deflationary pressures building in the world's second biggest economy data released on friday show china's factory gauge inflation slowed for a seventh straight month in january to its weakest pace since september twenty sixth dean that's of it cooling domestic demand now another focus was on a meeting between us and to chinese negotiators and berlin and resoldering the ongoing traits that. a picture says more than a thousand words not really reporters in beijing would have liked to hear a word or two on how the latest round of u.s. cheney's trade talks for progressing instead all the guard was a neatly arranged family photo featuring u.s. treasury secretary stephen minucci and trade representative robert light hisor along their hosts the chinese delegation led by vice premier league the top
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economic adviser to president sheath meanwhile in washington reporters couldn't get anything either. again i talk to the group they're covering all the ground they're hard at it they are going to meet with president xi so that's a very good sign and they're just soldiering on so you know i like that story and i will stay with the phrase the vibe is good but i can't give you can't give you details while beijing says it will buy more u.s. made goods to ease the trade deficit between the two economic superpowers there are other sticking points reports say little progress has been made on u.s. demands that china crack down on force technology transfer and reduce subsidies for domestic companies it's unclear if chinese president xi jinping participation on friday is simply meant to flatter the americans or if he comes with a sincere offer to move forward. there's earlier this week she's u.s.
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counterparts donald trump has suggested he may extend the deadline for the trade talks and push back new terrorists for another two months i could see myself living now investment analyst kenneth. trump a quote master of distraction when i asked him whether the chinese understand to don its strategy. i think more than most yes the chinese certainly get it more than europeans get him he seems so crazy to a european that it makes no sense but what he's always done and he wrote about this . in his book the art of the deal people just don't believe that he tries to do it is he makes extreme statements those extreme things seemed like he's a crazy man with extreme demands and then he ends up settling for something in the order of twenty percent of what he demanded and then he walks away declaring victory he did that with the north american free trade agreement he's doing that
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with tariffs in europe and generally he'd start big blows up creates the concern of chaos but the chinese or more used to that because they've got a despotic world to begin with they've got a top down control economy and they're used to the notion of extremity investment analyst ken fisher back to india now where more than half the country's population is below the age of twenty five and keen to start a career and many of them aspire to work in the public sector especially the indian railways but other enough drops to meet the demand our india correspondents on your phone the care centers this reports. it's eat and this wasted it's already bustling. thousands of students come here to prepare for exams the promised land the cream shop with the indian government. this institute
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coaches about four hundred students. sushmita shingled used to work in who to question says she put in twelve to thirteen hours a day. she now dreams of working in a public. when you get into the government sector your life is set nobody's nobody even knew you from the boss in as you know when it goes out it was down it was it is gone out of the company like that. a job with long term security is what most students here after. they're all competing for middle to lower rung government jobs with salaries usually started about fifteen thousand rupees that's about two hundred euros a month. where the classes prepare students for exams but on the torricelli tough to crack. the government jobs attract hundreds of thousands of applicants dramatically exceeding the number of available positions. for coaches managing
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expectations is a big part of the job the simple thing that you have to build them as the diocese in order to get you so if one candidate makes it out of five in a gun it's for ninety and are bound to get disappointed that's how the game is that's although you know holding off on its. own this is the company where everyone hopes to land a job the indian railways with more than one million workers it's one of the world's largest employers. here. today the company is conducting exams but a recruitment drive on the outskirts of delhi. competition is b.s. earlier this year more than twenty million people apply for about one hundred thousand jobs in india great ways. but for many here it's the only hope to get regular employment and a secure future here may be the enemy even if you have
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a master's degree the starting salaries in the private sector are too low you can't support a family and that. in the villages everyone wants a government job farming is the only work there is no other option. and a government job offers more than a regular income. a government job really. as you imagine most will affect your family everyone you know if they go to a matter and with the security if you're. not getting those competent jobs won't be easy. on the one out of two hundred applicants will get a chance to work with the indian great waves. one out of eight german businesses with investments in the united kingdom is planning to shift resources elsewhere in light of the brics it that is the conclusion of a survey published by the german chambers of commerce and industry and that's up from last year back then one out of twelve businesses said they would move investments out of britain roughly one thousand five hundred businesses
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participated in the february questionnaire the united kingdom will leave the e.u. in late march. over more on that let's bring in our correspondent in frankfurt only bad what is the worst case scenario for german business when we talk about brics it. well some say even with a no deal there would be a next negligible effect on the labor market that's a statement for example by a semi official research institute from the or from the labor department here in germany but others like the german industry have chamber and calm as they say that with seven hundred fifty thousand jobs directly affected by no deal brecht's that because of all the company work all the exports that are involved that there is reason to worry and one research institute for example and hala over and over saxon over and saxon i'm told they calculated that one hundred thousand jobs would
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be lost in the case of a no deal back set and when you look at the stock market people are very uneasy i get the feeling when i talk to people along with the trade issue of course. and trade are really wearing the people down here and it's weighing heavily on sentiment all right then frankfurt thank you so much. germany's largest retail group metro is holding its annual meeting today chick entrepreneur billionaire don young creatin ski has now bought a stake in the troubled company but it's not clear whether mehta agrees with him on the need to change metro is the world's third largest retailer but it struggled in recent is now though check invested quittin city has set his sights on it kryten ski already owns seven point three percent of metro shaz and has an option to buy further interests executives behind the equity sale secretive ski's involvement as
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a boon. that it wasn't an emo he has experienced growing his own business and he has expertise in the media and retail sectors so we believe this will work very well for metro. daniel quittin skee is one of the czech republic's wealthiest citizens his business headquarters are on prague's famous prisco street getting an interview with him though proves impossible. instead critically prefers to appear on sparta progs house sports channel he's the football club's chairman pretends he made most of his money in the energy sector but he also has a stake in the czech republic's most popular tabloid blessed as well as a minority share of french daily moaned the czech market is too small for the billionaire says david trimble the generalist has studied critically holdings annual statements in detail to have some kind of diversification of his business
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because now he depends heavily on energy sector and he wants to have another businesses on the roof like check online giant mall for example the billionaire owns the e-commerce company with an annual turnover of several hundred million euros it's one of the biggest in the country analysts believe quittin scheme may want to implement some of mol successful strategies at metro now is a good time for him to boost his holdings in metro because money is cheap. so it's more than six billion euro or so in total and it's only the energy part of his business. so about that i think up until today it's not a big problem for him because interest rates are quite roll. daniel quittin ski clearly once again with the big guns taking over metro could mean his breakthrough in europe. but. the head of the international monetary fund christine
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legarde has called on spain italy portugal and greece to fight high youth unemployment levels speaking in germany legard said the structural reforms we needed to ensure that incomes of poorer e.u. members in the south catch up with their richer northern neighbors a process referred to as convergence a successful convergence would help the bloc weather a storm taking shape in the form of populist potties. and that's your business update here on d w thanks for keeping us company.
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fans he opens doors to. sounds good. oh sure that's so much more than just background music video music starts february twenty fifth w. hello and a very warm welcome to news from the world and culture meryl and here is what's coming up today. we have a round up of music documentaries screening at the berlin international film festival including one featuring the late great queen of soul aretha franklin. and we meet american comic book artist jason lutes the author of a popular graphic novels set in the bayou era.
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but i'm going to begin with a quotation from the wall street journal from al jolson and mae west to princeton share the annals of popular entertainment are filled with inimitable figures into their ranks we had the german singer. i'm quote he and his policies still cast big stars here in europe on making waves in america and elsewhere max rob is my guest in just a minute but first his music. to our. very . good morning. and the plaster cast record classic tunes of the one nine hundred twenty s. and thirty's as well as their own compositions which sound convincingly as if they came from that era. you are going to.
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