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tv   Business - News  Deutsche Welle  February 20, 2019 2:02am-2:15am CET

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talking trade on many levels u.s. and chinese negotiators are meeting again in washington with the u.s. reportedly issuing fresh demands meanwhile representatives of the private sector are in beijing discussing their approach to the trade conundrum also coming up quite a ways chief executive is hitting back at the u.s. he says there is no way the united states can crush us the world needs quote way does a really and strong sales for cuba signature export as the chinese develop a taste for cigars. i'm chris cuomo in berlin good to have you with us make or break trade talks between the united states and china have moved back to washington after a round of negotiations ended last week with no deal though officials said there was progress in difficult areas back in beijing the chinese foreign minister
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minister met for talks with u.s. representatives including the vice president of the u.s. chamber of commerce from the private sector u.s. media report that washington once beijing to promise it will not devalue the yuan currency as part of a so far elusive trade deal. for more on this let's cross over to wall street and our correspondent host see luis dowdle. president from claims that the talks are going well at the same time he says the march first deadline is not set in stone what are investors making of this news. investors agreed to regain confidence on tuesday after president trump said that china it's trying to move fast to avoid higher tolerance and that march first deadline as you said it's not a magical dead date that said sites is still have to find some real agreement on
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some of the most sensitive topics such as for stick knology transfer intellectual property protection and subsidies but for now any sign that implies that negotiations are still moving seem to give markets some hope that the trauma commiseration will not raise tariffs on two hundred billion worth of chinese imports mahasen least there are reports that the u.s. wants the chinese to stop devaluing their currency what's behind this demand. basically by addressing currency policy the u.s. is looking to neutralize any employees that have for by chinese authorities to devolve the way dates currency to reduce the impact of american truly u.s. negotiators have been made clear that any attempt to doing so will trigger more or higher duties say for chinese imports that said let's not forget that the u.s. also included currency provision in the renegotiations off its trade agreement with canada and mexico that requires neither of them to engage in current see
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devaluation for any competitive advantage also lose their own reporting from wall street or say louise thank you well it is not just questions of currency or trade that the two biggest economies of the world are at loggerheads for months u.s. officials have been sounding the alarm over the technology of chinese take china who away the u.s. says the company's phones microchips and other hardware could be used for espionage by the chinese government and washington even asked allied nations to avoid using quality products now the company's c.e.o. is pushing back. anyone who uses a mobile phone can hardly get past walk away even if they use other brands like apple's i phone that's because the chinese while we group not only sells mobile phones it also makes the technology for operating mobile networks plenty of sensitive data is running on it and the communications infrastructure is
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inextricably connected to the economy and society it's met with suspicion in the west especially in the u.s. hallway is closed to the chinese government and could be forced to hand over sensitive information to it some western countries want to exclude huawei from the construction of their new five g. networks a political campaign against the company one that the hallway founder confidently rebutted in an interview with the b.b.c. if i go. there's no way the u.s. can crush us the world needs while away because we are more advanced even if they persuade more countries not to use us temporarily we could just scale things down a bit and because the us keeps targeting us and finding fault with us it is false starts to improve our products and services. a political hit job or necessary protection from foreign influence our ways competitor ericsson sees the ongoing debate as a danger to the rapid expansion of fast five g.
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mobile networks in europe many network operators are unsettled and have delayed their decisions this increases costs and could set network expansion back here. now in times of growing tensions with major trading partners like the united states german companies are on the look out over who else to do business with it is in this situation that countries in latin america shift increasingly back into focus and the bi annual latin america conference of the german economy has a reputation for being a breeding ground for valuable relations it was held again on tuesday in berlin. then as whalen's queuing outside a grocery store with no guarantee they'll be anything left when they finally get inside. in the capital caracas many people have nothing to do but white for food or for a hopelessly overcrowded bus after years of economic mismanagement in the oil rich
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south american country the economy has totally collapsed political tensions are rising hardly ideal conditions for foreign investors at the latin america conference for german business in berlin they went to many who even wanted to talk about venezuela. we believe that venezuela has declined in the region solutions they have to tackle a financial problems money ultimately that's the only way they can stop the suffering of the venezuelan people who are dying because of shortages of medicine and food. or. german businesses have been reducing their profile in venezuela for years despite huge potential opportunities in the country. i know venezuela and how it was forty years ago and it was doing well now they've driven it into a war. and i think that as soon as we can change the situation there they'll
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hopefully be a rush of lemmings to venezuela there is a lot to clean up there's a lot to do if the political conditions are right. the european union meanwhile has expressed its support for opposition leader one guy door several countries worldwide have now recognized him as the country's interim president he also carries the hopes of international business. other business headlines from around the world and as a battle socialist leader nicolas maduro is receiving support from a key international ally business or announced on state t.v. that russia was willing to send three hundred tons of medicine and groceries to the feeling country on wednesday this as aid from other countries like the united states is piling up at the border. with columbia with benazir as leader refusing to accept france and germany are pushing for a joint industrial policy in europe the country's two economic ministers said on
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tuesday the aim was to support local companies to compete with foreign rivals and better protect key technologies from takeovers the european commission has just veto efforts by siemens and also to create a european real chance and the number of open jobs on the german labor market rose to an all time high in twenty eighteen despite slowing economic growth researchers say that almost one point five million jobs were vacant at the end of the year with the demand for skilled workers rising as well experts say that the current labor market is more resilient to economics. while economic trends come and go but cuban cigars seem to be in demand at all the time asian consumers are increasingly driving sales of the famous smokes which are an important source for hard cash for the communist island of ana is holding its annual cigar festival these days and one of its largest players has announced its bagus biggest ever
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turnover. think of cigars and think of cuba they've been a mainstay of the island's exports over the years and brought in badly needed foreign currencies to its struggling economy and now looks set to continue with new markets rolling up for a piece of the action. the island's annual cigar festival began this week with one of the sectors biggest players announcing record annual sales. of twenty eight team we reached five hundred thirty seven million dollars in sales seven percent more than the year before and we've also seen greater yields in all four of the growing regions. and it's not just in the fields where growth is exceeding expectations exports are being driven by rising demand in asia particularly in the middle east and china and although spain remains the biggest market for cuban cigars the chinese gaining. on you. but we've seen happen is that china has now overtaken france to become our second biggest international market the
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exponential growth that we've seen in china and the new tax legislation in france as men they've been able to keep tapping this valuable market. the cuban capital have ana is celebrating its five hundredth anniversary and with the chinese developing a taste for cigars the island signature product has many years left in it yet. and finally if you're looking for a good place for dinner why not go for the very best as in the best restaurant in the world that's the honor that's just been bestowed by the paris based world restaurant awards on a south african beach the restaurant gatt only see its trendy and offers local fare like shellfish oysters and seagrass that was grown nearby its tasting menu costs about sixty dollars a fraction of what most top restaurants charge chef cole was fun america says he
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would not be hiking priests. and that's our show for today if you want more you can always go outside the studio dot com slash business i'm chris caldwell on the lead thanks for watching but you know what.
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