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tv   Business  Deutsche Welle  March 7, 2019 2:45pm-3:01pm CET

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this shift was meant to bring jobs and much needed cash to a small town in northern germany and now it finds itself in the crossfire around the world were exposed to saudi arabia. this is business as a. chinese tech giant huawei is on the warpath against the united states for banning the use of the company's equipment while weighs launching a legal challenge legal challenge. against the u.s. against a law that labels the company a security risk and would limit its access to the american market for telecom equipment for years while way has sought to reassure the world of two things that it is not under the control of the chinese government and that it doesn't spy on consumers. a shift in tone from defense to accusation a u.s. government branded as threat it had to hack our servers
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and the story are you merits and cold allegations of american government interference and theft of corporate secrets while ways message to the united states we can play the blame game two hours before the announcement the backdrop to what's becoming an ever escalating dispute while ways chief financial officer among wangs you leaving her house in canada for an appearance in course she's being detained in the country since december accused of helping her company violates u.s. sanctions on iran she claims the arrest violated her rights and is politically motivated. while ways decision to sue the american government to a ready high cost conflict the u.s. effort to get allies to shun the firm threatens to bar the company from major
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markets and puts billions of dollars of investment in super high speed five g. networks out risk it also adds tension to an iraqi complicated trade relationship between the world's top two economies let's bring in ali ballance often as a correspondent in frankfurt only weiwei the getting a bit miffed that with all the bad p.r. they're getting from u.s. officials well this lawsuit make a difference you think i don't know if it will a little bit surprising considering the development that this lawsuit is coming only now at this point in time of course it's an unfortunate timing because trade deal talks are in the midst of possibly concluding xi jinping and donald trump said to meet at the end of the month and this will surely not improve the mood of the man in the white house but well way doing basically the only thing it can still do trying to force the americans to produce evidence that they claim they have in
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public in a court and not just make accusations while way itself says it's in a sense that the accusations of the americans equal basically a corporate death warrant that this was a last resort although when you look at it when you look at the history of similar cases u.s. courts have generally not decided against washington and security matters in other news only all eyes on the e.c.b. this is that the press conference with this president maya druggie after the council meeting today in frankfurt has just gotten underway we know the interest rate is going to stay at zero percent what else are you hearing. well in the building that you see behind me here the press conference is going on as we speak and besides the zero percent for banks lending money from the e.c.b. and we have mario draghi right now in the picture as is explaining his policy in the outcome of the council meeting to the public it's also not just about the money
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being lent but also the money that banks are parking at the e.c.b. that's to stay at zero point four percent minus that is banks have to pay the e.c.b. to take care of her money overnight and also drag he has spoken already of a substantial worsening of the outlook for expansion and so the e.c.b. is taking drastic measures it's prolonging these super low interest rates at least until the end of the year that means the first rate hike now twenty twenty before the message was possibly after the end of the summer and it's providing new ultra cheap long term money for banks it's renewing a program for that and that's supposed to help expansion as well only bounce thank you for this update the u.s. trade deficit so it's to a ten year high and twenty eighteen and that's a blow for u.s. president donald trump who claimed that slumping tariffs on a range of imported goods would make it go away the comments department said it
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almost nineteen percent jump in the deficit in december contributed to a shortfall of more than six hundred billion dollars last year the u.s. posted a record trade deficit with china mexico and the e.u. . donald trump's global trade offensive has failed to rein in his country's spiraling trade deficit last year washington impose tariffs on about half the goods imported from china to force beijing into negotiating a new trade deal but china responded with retaliatory duties on u.s. goods many american businesses and consumers are now footing the higher bill for imports while slowing global growth and the stronger dollar weigh on demand for u.s. goods and the trade imbalance remains as reflected in the latest figures last year the shortfall with china served almost twelve percent to a record four hundred nineteen billion dollars the deficit with the european union
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which is also in a standoff with washington also jumped almost twelve percent to one hundred sixty nine billion dollars and the gap with mexico which donald trump has repeatedly accused of unfairly benefiting from nafta rose almost fifteen percent to eighty one and a half billion dollars despite signals from chinese and u.s. officials that a trade truce is forthcoming it's unlikely that a deal will have a major impact on the trade deficit in the short term finding a job can be tough for anyone but spare a thought for women in pakistan threats of violence and lack of education have resulted in one of the lowest female labor force participation rates in the world on the eve of international women's day which is on friday we show you how one father is taking things into her own hands. this farm in rural pakistan they're breaking the mold on sorting through the latest potato harvest all belong to women
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this is new typical scene not least because their boss is a woman to. the idea of being an agriculturist hit by an accident in one i made it into a recess and there wasn't much activity get out i was buying into. my house and i could not go out but i have ended a lot i got a very educated husband who actually made me believe that i can do whatever i can even if. the education in peak season the farm's female workforce triples much needed in a country where barriers to female empowerment remain stubbornly high would account for just a quarter of the jobs in pakistan. well maybe not every argument for striving for the next generation or you know it's like gives us enough we can send the children to school and get the magic a shit if we don't work how will we do thus poor people don't have enough money to
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buy books we work from morning till evening and only then can i light our fires and feed our children. farm hands are soaring the seeds for progress as well as potatoes. situation is quite different in singapore where a woman has better chances of career advancement then her female peers elsewhere in the asia pacific region that's according to a new study the city state has laws protecting against gender discrimination in the workplace at the top spot with new zealand the top five was wanted by australia japan and taiwan where women also have good chances of career advancement. germany will extend a temporary ban on arms exports to saudi arabia until the end of the month the ban has led to both domestic and international tension earliness facing pressure from the german arms industry and sectors related to it like this shipyard on germany's
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baltic sea. this is what the fuss is about for patrol boats to fend off coastal threats from the likes of pirate this is the closest to film for security reasons the pain of af shipyard wants to deliver the boats to saudi arabia but that's out of the question now following palin's export arms to the gulf kingdom production is at a standstill twenty percent of the workforce of our slashed and their hopes are sinking . is. political. of course the politicians initially signaled that they decide quickly whole thing's been delayed now three times the way things stand. today and of course that's left the workers in a mood that can only be described as one of disappointment and resignation. it was supposed to be a billion dollar deal for the shipyard listen group subsidiary promise to tarnow patrol boats for the saudis that invested millions of euros in the equipment needed
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to build them. the money also went into building a supply chain for the task. the four hundred one phones isn't buying it's obviously the suppliers now want to hear what's going to happen and when and the workers want to know how and when things will happen when do we come off reduced work hours to when and when you touch it all up commercially it's an enormous strain for the shipyard to have to deal with it's a foot off not to mow. the shipyards hometime involved is also suffering under the export pain of death and its suppliers are the largest employers here the slump in pain as income has led to a shortfall of nearly. in the times budget money are gently needed to repair school buildings for one the times mayor has come under a barrage of criticism for speaking out about the problems he skidded on please please i'm trying to balance the health and prosperity of a community against producing armaments and i'd like to put armaments and scare
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quotes here the reality is that we're short of money that we need to fulfill our responsibilities. because if he does that that in the end it may appear perfidious to some but we're busy building a child daycare center and renovating a school and our financial contribution to that is missing the. most involved one an end to the constant delivery delays people want to know whether the finished patrol boat can be delivered are not. and if the rest can then be built or at the shipyard will have to launch a search for all the buyers and chico some fresh business instead. and that's it from me and the business as a team here then they'll stay tuned for the coming up right up as we go out of world markets.
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in two years this may be the european capital of culture. city of l.f. siena has lost its luster. it's currently home to a huge ship graveyard. burgeoning bureaucracy and a lack of funding for stifling cleanup operations. so when will the less you know. sparkle again. if ninety minutes on d w. i'm not laughing at the gym i guess sometimes i am but i stand up in the research and i don't think the printer jemma culture of looking at the stereotype of quacks but if you think you see the country that i don't. need it seems ridiculous drama.
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to me it's all that they know i'm a joke join me for me again sunday w. post. we make up over three quarters of a figure there and out that's because of the civil service of. the want to shape the continent's future. part of it and join our youngsters as they share their stories their dreams and their challenges the seventy seven percent platform for africa in charge of. the french food. international gateway to the best connections to road and rail. located in the heart of europe connected to the whole world. experience outstanding shopping and dining offers and trying our services. biala guest at frankfurt
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city managed by for. more. this is deja vu news live from berlin venezuela's president maduro expels the german ambassador says daniel crean or interfered by backing opposition leader. but he has asked printer to state because he says my little is an illegal president and has no influence over foreign relations we'll talk to the vice president of ecuador and also coming up again.

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