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tv   Business - News  Deutsche Welle  February 20, 2019 10:15pm-10:31pm CET

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joining us calls huge damage to the ring for us. you're watching e.w. news and steve will be on with the business news right after this stick around. what's coming up on the going to sleep you have plenty to talk about here on. the monitors lisa every weekend here on the. happening coach of the. two are linked to from africa
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and the world. your links to exception stories and discussions between you and will come student news after coming program and from going to many from the news of these events and wild with sandy damp it comes back africa to join us on facebook t w africa. u.s. growth is expected to fall this year that according to new notes from the federal reserve the world's most important central bank now says it isn't sure what to do amid a global slowdown we'll give you the details. and crew is a major source of gold for international markets now the government is supplying its military to root out illegal mining of the precious metal. also are you struggling to nail down the hairstyle of your favorite president or a dictator. the barbershop and one noise has you covered we'll give you the details
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. i'm stephen beard thanks for joining us federal reserve officials saw a host of new threats facing a still hot u.s. economy when they met in january that according to new meeting notes released today the notes show the justification behind the central bank's january decision to hold off on an interest rate hike but the fed also left room to raise them later this year when the u.s. economy has been booming even as other economies have slowed but the fed now expects u.s. growth to be slower than twenty eighteen. and for more on this let's go now to our financial correspondent new york jose luis to haro jose what's the reaction to these notes will diminish the usual yellow was to get a clearer picture behind us central bank decisions in the latest monetary policy meeting to fed did not increase rates and say no it will be patient when he said
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today's modern and now we know that considerations such as softness in inflation the government shutdown global economic slowdown or a trade negotiations with china we're behind these decision we also need to have in mind that if potential risks ease the fed will revaluate patients we probably need means that we could see one hike this year out of time that investors don't see any happening at all and some even talk about a rate cut in december also it's worth noticing that if it will probably and that reduction of balance at this year an essential piece of information for the markets and some calculations estimate the crease so far equals at least two to interest rate hikes of twenty five basis points each now trade also being driven today by u.s. china talks as it has been recently what's the latest news today. well as for now investors believe that the progress the trade negotiations so far will
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be enough to convince trying to extend the truth for necessary and even see a reasonable deal between march and may your help in any event the deadline gets extended by the wall would seem to be some agreement on trade trade reduction or a strengthening to local property rights or the demands made by washington like end of subsidies cyberattacks tolerated by the chinese government or eliminating force technology transfer seem is still in the air also i keep question is how both the parties will ensure compliance so there is a still a lot to be done and what seems sure is not going to be solved in over a week so maybe more questions than answers with us china trade talks to haro there for us in new york thanks was a. u.s. president donald trump has confirmed that additional tariffs for european auto imports are still in the cards earlier this week european commission president john clarke said he believed trump would honor a commitments made last year not to impose more tariffs trump told reporters at the
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white house that the ultimate fate of the automobile tariffs depends on whether the u.s. can reach a wider ranging trade deal with the european union trump downplayed the recent commerce department report calling imports of european cars and auto parts a security threat. samsung is launching its highly anticipated foldable smartphone the galaxy fold is set to hit stores in april where it will cost are you ready for this almost two thousand dollars the device folds like a wallet when collapse it resembles a traditional smartphone with a four point six inch screen when open it looks more like a mini tablet with a seven point three inch screen samsung is also releasing three versions of the s ten smartphone in the coming weeks the global smartphone market has however cooled recently with newer models showing fewer big updates but bigger price tags.
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how much should a kilo of bananas cost that might depend on who you ask the lower the better for consumers in the supermarkets that supply them but the farmers and the exporting corporations that represent them say they need livable wages now germany's development minister says the government should play a role in their last fold german supermarket chain ali said it plans to cut the price it was willing to pay for a creative manana supply from ecuador from eight to seven euros but farmers that resisted the move. they had already been struggling financially plus ecuador has a statutory minimum sell price for exported bananas. the ecuadorians have now stopped supplying alley. meanwhile berlin has called on german companies to ensure fair pricing and production conditions called it was acknowledged that customers need to get the message across that's good if not we'll have to introduce binding rules on social standards no child labor decent living wages for the plantation
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workers and basically ecological standards could organise it but on standards a lot of supermarkets are showing the way forward it will be such as legal and edict. and they want to see others joining them on the on but on those and see all of these and big. complying with those social standards comes at a price however and it's that price that the farmers in ecuador are demanding the country is the world's largest exporter of bananas its main markets are the e.u. especially germany and russia. through at the same time cocoa and coffee producers are also suffering under similar pressure. in twenty seventeen the global price of cocoa beans collapsed and her struggle to recover since. in order to remain competitive many producers resort to recruiting child
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workers. peru is one of the world's largest gold producers extracting between one hundred fifty to two hundred tonnes of the precious metal each year while international mining companies are behind most of that or there's also a considerable amount of illegal mining in the country the proven government is now moving to stop it. peru's government has deployed fifteen hundred police and military officers to madrid videos to stamp out gold mining operations being run by criminal syndicates. on the western side of the n.d.s. it's usually a long way from official i guess illegal mining operations flourish in this rainforest region known for its biodiversity carbon rich forests and indigenous tribes the miners cause massive environmental destruction in this search for a livable gold washed down from the n.d.s. into the amazones tributaries. we're seeing here in the wilderness how
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the amazon has been deforested as criminal activities have proliferated that we cannot permit in a state of low. energy the minister declared a two month state of emergency and said a smaller contingent of troops would stay in the area for six months the roof has tried for decades to stop the illegal mining which releases tons of mercury into the environment. the industry also drives sex trafficking and child labor. now to some of today's other business headlines around the world the swiss bank u.b.s. has been fined a record three point seven billion euros by a french court for helping wealthy clients with their tax evasion prosecutors say the bank helped clients conceal assets in switzerland from tax authorities in france several of the banks top executives also received fines for their involvement. the chief technologist at amazon robotics has denied robots are a threat to humans brady says far from putting people out of work automation is
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creating thousands of jobs he also says we are living in a quote golden era of robotics with new developments every single day. president trump says north korea has tremendous economic potential he was speaking ahead of next week's planned summit with kim jong un the us president said north korea's location between south korea and china was phenomenal and gave it a great chance of future prosperity. while the world will be again once again watching whether there's any progress on denuclearization local business owners in vietnam are also hoping for prosperity one barber and one noise has already grabbed his scissors hoping to cash in with what are widely considered two of the world's most unique gentlemens hairstyles have a look if you're not careful you might think that u.s. president donald trump and north korean leader kim jong un had already met in
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vietnam but it's just the latest hairstyle crees in the vietnamese capital annoying you can have your hair cut to look like your favorite leader like the donald. but i really like donald trump so i want to have his hairstyle. but if the trump look is not snappy enough for you there's always that handsome devil from pyongyang to copy and especially if there's already a resemblance. many people say that i look like kim jong un and this hairstyle just makes it more obvious. the supreme leader looks just about done and the us president is getting the finishing touches the famous ducktail and then a little bit of jail to make it all sit just right there hairstylist says he's doing his part for world peace. hanoi is a city of peace when donald trump and kim jong un decided to come here to talk
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about restoring peace and i think i should do something to show that people here welcome the summit. so if you're in hanoi for the tete a tete get yourself a peace loving hairstyle that's a cut above the rest. so new styling is there and that's it for me in the business team you can always find out more about these and other stories at d w dot com slash business i'm stephen there's in berlin as always thanks for watching .
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m.t.v. images abject poverty corruption. many moldovan south left to work in foreign countries others have lost faith in the government. young people are moving overseas. the republic of moldova headed for collapse. sixty minutes d w. it's time.
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to take it one step further. and face the possible. your own besides have lost the ability the time to search the not the final for the troops out of the mosque. time to overcome boundaries. and connect the world. against time for the t w a d w d is coming up ahead. of me for minds. with him how to be it goes on because with the highest high you know if i had known that the boat would be small i never would have gone on a trip i would not have put myself and my parents danger to the lot of the team that the going to need a fleet would. love one to get that one that would give them i had serious problems
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on a personal level and i was unable to live their lives i'm going to. you want to know their story in full migrants terrified and reliable information for margaret's. this as d.w. news africa coming up in the next fifteen minutes after last month's assault kenyata is tightening its security to prevent i'm not there at talk i'm so money based terror group al-shabaab but how exactly is a doing that will be speaking to kenya's cabinet secretary for foreign affairs. also coming out skelton nigeria's president is a young football out in lagos who is hungry for success. and which restaurant.

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