Skip to main content

tv   Business - News  Deutsche Welle  March 2, 2019 12:30am-12:46am CET

12:30 am
social media is quite critical in the. sense of community. the streets of. women are changing really. digital. stores march. on t.w. . on the way to the usa canadian authorities have greenlighted and extradition hearing from one jew the huawei executive arrested in vancouver in december bringing her a step closer to to a trial in the west. and we take you to argentina where farmers have been protesting against failed economic policies by giving away their produce. and going for gold in his way once president nicolas maduro is trying to get his
12:31 am
hands on the country's precious metal reserves. welcome to d.w. business i'm john el-gamal in berlin thanks for joining us we take you to latin america where argentina is in the grip of an economic crisis high inflation and the devaluation of the pezzo are weighing on consumers' purchasing power poverty is rising and small farmers are particularly hard hit this week they vented their anger right outside the presidential palace and when i was iris. they travelled eighty kilometers with tractors and lots of produce to the center of buenos cyrus. hundreds of argentinian vegetable producers from the surrounding area of the capital including javier front on this. it's a vegetable protest we are there so vegetables at a fair price. or even give them away to the argentinians who need them. the farmers
12:32 am
are angry most of them run family businesses they oppose state aid for large farms and the country's economic crisis has taken a toll on them spiralling inflation is eating up their profits how the air can hardly make ends meet on his three and a half hector's of land. but if we small farmers have to cover our costs somehow our expenses for seeds for example are in u.s. dollars but our income is in argentina's weak peso because i wanted. during the last protest a few weeks ago police deployed pepper spray to disperse them. it is the city of buenos aires is against our actions paid recently sent police units and confiscated our vegetables then it's on to let us heads peppers and radishes today everything is being given away to poor argentineans right in front of the presidential palace
12:33 am
a political statement the demand is great homes people have waited the whole day for it. they wouldn't want to go it's great at least we have vegetables now because we have absolutely nothing everything has become so expensive even the vegetables. and we got a lot of them for javier the action today has been a success they weren't forced to leave it in the way we want to show that we're suffering the state has to understand that it can't live off of our work. like the farmers many argentinians are currently in the throes of the economic crisis. now to some other global business stories making headlines the french and dutch finance ministers have met in paris to clear the air after a surprise change in air france's air france kalen shareholders the dutch government increased its stake in the carrier without informing france the netherlands now has
12:34 am
a fourteen percent stake in the company in line with the french share. online retailer amazon has done away with the order button that's the plastic one that allows you to order new supplies of your favorite products the online retailer wants to focus on related digital services that includes virtual dash buttons that you can find on the amazon web site. u.s. secretary of state my phone peo is in the philippines where he repeated his warning against using chinese technology and building data networks willow wants to modernize its telecoms infrastructure but the u.s. is telling allies chinese tech company while way is a security risk. now speaking of wall way the canadian government has said it's allowing an extradition against men one zero to proceed next week she's the chief financial officer of chinese tech conglomerate huawei was detained in canada late last year the move paves the way for having men brought to the united states where
12:35 am
she faces charges of conspiring to buy a late u.s. sanctions on iran her case has been closely watched coming at a time when u.s. and china chinese relations remain fraught over their trade dispute china has maintained that the accusations leveled against the wall way executive are politically motivated. and scored the joins us now from wall street to break this down for us now yes that we have to be reminded of the time where the trump administration said it would intervene in the case if it would help a trade deal with china but does this news mean we're further away from all of that . well i mean overall washington has claimed for weeks that those two issues so you are away and the trade talks are separate matters and if we look at the pasta a couple of weeks and the advanced trade talks we got some positive news from
12:36 am
this and go in the past couple of days so that doesn't really seem to be a big connection if actually the chinese government shares this or pinion is a different a matter of at least for now and we've also seen that was the reaction on wall street overall these seem to be two separate cases. i see so not much of a reaction there on wall street at least with regard to this but stay varian's because we have more news to talk to you about now a test plot is finally going mass market the electric car maker said it would start offering a version of its model three in the u.s. at a price of thirty five thousand dollars a test flight had originally announced the model three and twenty sixteen as an alternative to its luxury offerings but the car still sold for an average of fifty thousand dollars much too expensive for many customers to cut costs the firm said it was cutting retail's costs by closing stores and selling more vehicles online.
12:37 am
now back to you yes and now these tesla updates don't seem to have impressed investors that much now have they. not at all this talk of tesla sold off quite a bit losing about eight percent in value here in the friday's session as far as i understand tesla is not just selling some we've killed some online but all of their week old so in the future it will probably not be possible to book the to purchase tesla view killed in test stores and we have to wait and see how that goes down with potential buyers and then on top of. the head off a test also mentioned that at least for this quarter it is unlikely that tesla will be profitable and that probably was another reason for the sell off and the stock of tesla and talking about cars and that industry lift actually filed the prospectus for. initial public offerings so we will see the i.p.o.
12:38 am
of lifted probably in a couple of weeks and could get evaluation of about two any five billion dollars worth pretty much as much as the car manufacturer chrysler even if a lift also mentioned here on friday that they won't be profitable anytime soon if at all at some point in the future yes car to there on wall street thank you very much and as well as economic crisis is now a humanitarian disaster food and other basic goods are in short supply and millions are fleeing the country now a prominent opposition leader alleges that president nicolas maduro people are shifting venezuela's gold reserves out of the central bank vaults the united states is backing an attempt by opposition leader won quite zero to force majeure zero to step down and calling you elections it well it has warned international bankers and
12:39 am
traders not to deal in venezuelan gold. at least eight tons of gold are missing from the central bank's vaults in caracas allegedly removed on president nicolas maduro is orders that's what opposition leader and head of arado says. it was taken without the internal bank procedures without the presence of fiscal organizations without the presence of internal security organizations of the bank and without the corresponding controls and even by vehicle said a word from the central bank but private or identified vehicles that aren't armored and the destination is also irregular it is unknown. transports parent li happened at a time when central bank head calista ortega was abroad on a trip and no security guards were present much of the venezuelan gold comes from primitive gold mining camps in the south of the country it's not the first time
12:40 am
large amounts have left venezuela under suspicious circumstances last year twenty three tons of mind gold were transported to istanbul by plane according to turkish government data nicolas maduro is said to have a close relationship to that ship type arrow on it is unclear whether the gold was used to buy supplies in an effort to lessen the impact of u.s. sanctions against the country or whether there's other motives. because. this case is like when we say all that is left is grandma's rings in the national treasury and they are liquidating the last of what remains and due to the most recent handing of this gold because of the process the following there is suspicion that it could even be for personal use. the official trade off when israel and gold has become difficult internationally due to current sanctions. iceland is
12:41 am
drinking lots of beer today why they're celebrating the lifting of their beer ban thirty years ago although other alcoholic beverages were permitted beer was outlawed in iceland for seventy four years the dry period finally ended on march first nineteen eighty nine fueled up by a thirst for change when icelanders increasingly started vacationing abroad where they developed the taste for beer thirtieth anniversary celebrations have been sending business flowing to bars and liquor stores. and it's cheers from me and the d.w. business team thank you so much for watching. the
12:42 am
early morning to one official estimates more than one point two million venezuelans live in colombia. already at home while i return to. to visit friends i don't think i'd ever go back there to live you know what i live there again i don't know so i'm not sure. witness global news that matters. made for minds. we present
12:43 am
europe at its most fascinating at its most exciting cloak its most creative colorful glamorous. tasteful innovative really charming. thank you. elizabeth. kong t w. e take it personally you went with all the wonderful people in stories that make the game so special. for all true for. more than football on line i. think. what's coming up in the book is so much
12:44 am
movement to. get this. lengthy whole. discussion take a look at what all that means for the title of course. i'm going to sleep every weekend here on t.w. . hello and a warm welcome to the latest news from arts and culture i'm karen health and we've got a wild ride for the senses in store with the following stories. a new exhibition in hamburg takes us on a journey into art and music to see what happens when the two disciplines play off each other. the grand canyon in northwestern arizona has just celebrated one hundred years since its designation as a national park an early example of environmental protection and we'll talk about
12:45 am
its powerful hold on. and street artist four dollars a trash animal caustic statement on his own generation that he says is killing animals if the garbage is produced. so what happens when news issues are inspired by a piece of art and what kind of picture results when a painter is influenced by news ik well that's what a new exhibition in hamburg aims to find out with the help of more than sixty artists and musicians who make a point of working between those two disciplines and the result is a hyper sensory feast that resonates long afterward. this may look like a record store but it's not it's an art exhibit for the ears. it features twelve.

25 Views

info Stream Only

Uploaded by TV Archive on