tv Business - News Deutsche Welle February 20, 2019 7:30am-7:46am CET
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alex trebek and then. to. really know their stuff. moves. with a good building and definition oh i love the party and chat with you sition from around the world. groups every week. convening to find a compromise u.s. and chinese negotiators resumed their talks over a much anticipated trade agreement this is us president donald trump seems increasingly flexible regarding the deadline of the deal also coming up with the kremlin using billions of dollars to prop up ailing russian banks piece people ask
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how much of the bill will have to be footed by taxpayers. i'm chris cuomo in berlin good to have you with us u.s. and chinese negotiators have come together in washington to resume their talks on reaching a comprehensive trade agreement washington is pressing beijing to make changes to its economic policies which it says unfairly favored domestic companies through subsidies and other support at the same time china's top diplomat is demanding that the u.s. respect china's right to quote develop and prosper. washington is pressing china to end practices the u.s. says include intellectual property theft and forced technology transfers from u.s. companies washington also one space to promise it will not devalue the yuan currency the measure would aim to neutralize any effort five beijing to counter american cherubs by devaluing its currency china says it's keen to reach an agreement with the u.s. . he won't. leave we're going to china and the united states can make joint
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efforts to implement the consensus reached by our leaders during their talks in argentina and that we can work out and meet each other halfway to reach an agreement that's mutually beneficial and when when i think it's in line with the interests of china and the united states and is also what the international community expects on thursday u.s. trade representative robert light hisor is to lead a fresh round of talks with china's vice premier you say in washington this week's talks in the u.s. capital follow a round of negotiations that ended in beijing last week without a deal. for more on this let's bring in correspondent yang in taipei william the u.s. has reportedly met demanding that china keep its currency stable what's the problem with it and how is that demand going down with official. so the
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move this actually aiming to neutralize china's efforts to devalue its currency to counter the u.s. terrorists and according to bloomberg china and the u.s. have been discussing about how to address the relevant policies because if forms the basis of the final deal and other experts have pointed out that china will prevent rémy be from any depreciation in the dollar be an exchange that goes beyond seven because that is a politically sensitive level which will force washington to label me as a currency manipulator now u.s. president has once again floated the idea of pushing back the march first deadline what do people on the chinese side of the negotiations make of that. so experts in china have told me that they think it's unlikely for both sides to reach a final deal before the march thirty first deadline because it's simply impossible
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for china to meet us in the end before then however since she and from are expected to meet in maryland the next month they predict both leaders well likely to strike a temporary deal which flow a p.c. growing domestic political pressure meanwhile representatives of the private sector are holding their own trade talks in beijing what do you hear from there so we have been hearing that one has told the visiting u.s. delegation that they hope that the u.s. can recognize the fact that china's development is in the in the world's interest and the u.s. should view it as an opportunity so that both sides can eventually results on issues and also china's state run slow times has also issue is up and wish that the treetop should never put pressure pressure on the change so that it has to give up its economic governance and the development path u.w.
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correspondent william yang reporting from taipei william thank you for japan's exports have seen their biggest drop in more than two years as the u.s. china trade war put the brakes on demand for japanese at a tronics cars and heavy equipment in january japan exported goods worth fifty billion dollars that's almost nine percent less than the previous year and a steeper decline than economists at anticipated on the whole the data pains a picture of an export oriented economy that shifting down to a lower pace of growth as uncertainty about trade frictions weakens global demand. for more on this let's cross over to frankfurt and the stock exchange there with our correspondent daniel cope standing by daniel those are some worrying figures from japan there. yes actually the numbers are not very promising at all and it really seems that all of this is again once really into the trade dispute it's
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really clear that the trade dispute between washington and beijing has really overshadowed not just trading at equity market but has also really slowed down the worldwide economy we have seen this happening here in europe and certainly in asia as well today once again with these not very promising numbers from japan investors feel that it is crucial to get things sorted out as soon as possible and when we talk about the trade discussions between beijing and washington it seems that's the good news that investors are optimistic that in fact a solution hopefully in the agreement might be reached very soon and so news out of south korea police read human days quality check to port been following vehicle recalls in south korea and the united states what more can you tell us about yeah exactly we're taking a closer look at this raid that according to media reports it has not been confirmed took place at the human eyes offices in seoul the rate was apparently
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mandated by the office of public prosecutions of prosecutors they started apparently very early in the morning and focused mostly on the quality assurance department well why is this happening in two thousand and seventeen south korean civic group why am c. a filed a complaint with prosecutors alleging the car maker delayed fixing engine defects that prompted a massive recall in south korea and the united states we're talking here about about one point seven million cars and hyundai and kia they both belong together they have denied the allegations so now we are waiting for more details and confirmation from the four federal prosecutor's office you know corp reporting from the frankfurt sorry strange venue thank you. it is to russia now and a financial sector in trouble some of russia's biggest banks can only survive thanks to financial aid from the government recently the kremlin issued more than thirty five billion euros in loans to keep lenders afloat but experts say that very
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little of that will be paid back to the detriment of the russian taxpayer and as the w.'s may have drugs or its reports the number of banks that need to be propped up like that is drawing. yon's bank and. not just two of the financial institutions that russia's central bank has stepped in to see decisions that cost millions for their losses could be on the horizon reports suggest that some one hundred fifty banks in the country are on the brink of collapse lack of capital is a major problem from what i have been confirmed through the central bank maintain strict oversight of the small and medium sized financial institutions but it's more lenient towards the big banks they adopt the principle of too big to fail. if you're putting sort of big before you. the central bank traditionally intervenes to prevent the demise of major banks smaller privately owned financial institutions
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are more likely to lose their licenses if they're too low on cash. you might even the system of regulation and supervision aims to promote competition strict oversight encourages competition. for muscles that's. the reality on the ground however is that state owned banks are increasingly lending to state owned companies the effect of all this is to dampen economic growth western sanctions which make it hard for russian banks to access international markets have compounded the problem. but the reality is that we're in the midst of a recession it's not western sanctions that are the cause they simply make the situation worse when you particular the countries increasingly shaky financial institutions are causing people to lose faith in the system a recent survey suggests that one in three russians believe they're best off not
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parking their money in the bank well 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 isn't situations like these that countries in latin america shift increasingly back into focus and the buy on your latin america crowd friends of the german economy here in aurora lynn has a reputation for being a breeding ground for valuable really. venezuelans 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 south american country the economy has totally collapsed political tensions are rising hardly ideal conditions for foreign investors at the latin american
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conference for german business in berlin they went to many who even wanted to talk about venezuela. seriously we believe that venezuela has to my knowledge and solutions they have to tackle a financial problems for the moment and 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 wall. and i think that as soon as we can change the situation there they'll 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
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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. and that wraps up this edition of d.w. business if you want more you can always check out our website at d w dot com slash or better yet simply follow us on facebook or twitter we highly appreciate your comments there i'm chris corporon villain for me and the entire team thanks for watching. have a successful day and here zain. quick check. every
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behind those dark glasses. welcome to this special edition of arts and culture paying tribute to the late great col lagerfeld one of the most admired and influential designers of modern times with me in studio is d.w. cultures melissa holroyd melissa colorado photo once said of himself i'm very much down to earth just not this earth that pretty much sums it up he was larger than life hard to even imagine that he was just a mere mortal yeah he was he would have been synonymous with fashion to those who didn't know him so it's a certainly he's uniform eighteenth century inspired dandy appearance he's ponytail he's passion for diet coke and his love of his cat ship it too had a social media account i'm told with a lot of followers i've been following ship it for a while yet so you.
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