tv Business Deutsche Welle March 22, 2019 4:02am-4:16am CET
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britain is hurtling towards exit from the european union now a study shows what financial stress a disorderly brags that would cause in the u.k. and outside also coming up during a denim styled iconic jeans brand levi strauss is back on the new york stock exchange we'll get the latest from our markets correspondent and no pete no problem our german maestro distillers are trying to woo whiskey aficionados. i'm chris cuomo welcome to the program the likelihood of britain's departure from the e.u. in less than ten days without a deal still looms ominously and the costs of such inaudible bragg's abroad be high for both the u.k. and you members germany's bertelsmann foundation now that the math. no deal breaks it would hit the heavily industrialized german state of north rhine-westphalia particularly hard the state's top three exports to the u.k.
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include cars chemical products and mechanical engineering services this is a tariffs and other trade barriers will make products and services more expensive this ensures that prices rise and that people can buy less with their incomes the second factor is competition with a bricks it competition becomes weaker the battle for the best products and services is decreasing. of course and no deal breaks it would hit brits the hardest with each losing nine hundred euros per year on average they would also be significant losses for the germans and the french as well as other europeans. to bertelsmann study says china and the us will be the main brics it winners both would become more attractive trading partners for the u.k. but london is going to have its work cut out to secure deals as good as those it had with the e.u. . chinese president xi jinping has started
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a five day tour of europe which will take him to italy france and monaco mr she's a plane touched down outside roll on thursday afternoon italy is seen as a promising partner for china's belt and road infrastructure initiative as its ports and motorways are for easy access to europe's markets and the deep water port of fiesta is seen as playing a significant role in this venture. from a distance three s new port area built on reclaimed land doesn't look like much yet in future this section of the harbor may be operated by china as a trance shipment point for markets in central and eastern europe the northeastern italian city is currently celebrating the port of tree s three hundredth birthday for local politicians and businesses china's planned investment is a huge opportunity so you think that we don't want to sell the court we just want to rent it out i see that as a huge economic opportunity for the entire region. already oh. it's not that china
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is offering us something to participate in the delta road we have something to offer them as a stake in the harbor that's how you have to see it we've been developing this port for four years now. the harbor basin is eighteen meters deep meaning that even large container ships can unload their cargo here china has already purchased a majority stake in the greek port of paris in the mediterranean tree asked in the northern adriatic would be a further foothold in the region. the european union is investing around one hundred thirty five million euros in the port that sorely needed to modernize much of the infrastructure. i put cash strapped is really also welcomes financial backing from china. there's only occasional criticism of its role as a strategic investor. but you know man i'm sure they only. anyone is thinking about the role china is taking on in the world but if i just think about how they
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treat their workers then i don't know if they're the right partner for us and with that can have a good future. but it would be a job. such concerns aside most interests see only positives in becoming a further gateway to europe for china's belt and road initiative. now there are some rules that the new york stock exchange has upheld to this day one of them no business attire no entry meaning if you're wearing jeans you're better off getting in line at the hot dog stands on broadway on thursday these rules were relaxed traders showed up wearing denim pants and jackets the reason for the unusual dress code levi strauss one of the world's best known jeans brands made its way back onto the stock exchange after thirty four years of absence. now levi's shares were up more than thirty percent of thursday's trading session i guess that's what a successful i.p.o.
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looks like and there could be more of this to come here as a wall street correspondent yes quarter with more. it's a promising start to a year that could see new records when it comes to i.p.o.'s overall some analysts on wall street estimate that with new companies coming to the stock exchange the wall street might raise about one hundred billion dollars that would be a new record and exceed the former record that still holds from the year two thousand we remember the time of the adopt a bubble in the next couple of weeks and months we get some other heavyweights coming here to the stock exchange and of next week we will get lift a little later we will get other companies like we work a pin to rest. here or be my follow and now for levi's they could probably use the money and also
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a try to attract more women than if we look at past year the overall five point six billion dollars in revenue for four billion got made with men so female business is still far behind when it comes to levi's as quarter according from new york there is triangle on one of africa's leading oil producers so you think the country would be awash with cheap fuel well that's not the case and no one seems to know why drivers in the capital are having to sit for ages and they think use just to fill up their tanks. making a living is not easy in the wand and for those who have to drive for a living the gosh shortage can be a real problem. since yesterday i have hardly been able to write a work sheet to a lack of fuel and we know almost nothing about the shortage now while the gas stations in because anger in the same situation. sabina's having no success either . i went to sixty below that success and this is where i could find gas that's why
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i got in this huge queue i don't know what time of the service. you know my feeling the. previous gosselin shortages were blamed on late payments to suppliers but the current problems remain mysterious and gold is the second largest oil producing country in sub-saharan africa the country produces one and a half million barrels of oil per day which comprises ninety percent of angola's exports and seventy percent of revenues leaving drivers there wondering where is all that gas gone tobacco sales in zimbabwe are expected to dip this year as farmers grapple with the fallout of a reasoned drought it's a blow to the economy which is currently in the grips of a currency crisis after mining tobacco is the country's second biggest earner of foreign exchange the industry employs some one hundred seventy thousand people most of whom work on small scale farms over the past decade rising demand from china in particular has helped boost sales. german car giant for its way and says it
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plans to work with swedish sell start up north volt and other companies from seventy you member states to develop batteries for electric cars for swag said in a statement its so-called european battery union will handle the entire production chain from for batteries from raw materials cell technology all the way through recycling b.w. didn't want to name any of the other partners but that no other car makers were involved that's what the company stated the word whiskey may can juror images of scottish glens or the hills of tennessee an increasing number of people here in germany have also been developing a taste for the tipple now micro distilleries are popping up all of the countries but are they ready to give the multinational distiller giants a run for their money. nestled in a small time in about an hour's drive from in berlin is the distillery
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a place where workers pride themselves for having a nose for quality. it was always something we really love because we used to work involves really lots of cocktails with with the right whiskey and so we said ok that's going to be our focus the operation is just one example of a growing trend there are now more whisky distillers in germany than in scotland. typically they produce tiny quantities compared to their scottish counterparts but what they lack in scale they make up for with other advantages it contrasts to scotland export oriented whisky industry german distillers are primarily for the domestic market making them far more immune to two looming political threats an unruly practices and the possibility of u.s. tariffs depletions that what's the political situation we're currently facing such
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as praxis or the present government in the united states they're not scaring off german distillers. shake up at the moment we're still mostly trading nationally but we're not setting any limits for the future. for now though german distillers are choosing to stay domestic enabling them to serve their whiskey with a hint of confidence. and finally after three years of planning and building it's time to raise the anchor the new cruise ship spectrum of the seas has left the shipyard pompadour here in germany nearly three hundred fifty metres long the luxury liner was steered out of the north sea on the river. and four thousand passengers will be in service for royal caribbean as part of its class serving just the nations in asia. and we say.
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the different languages we fight with different things that's fine let me also make up for freedom freedom of speech and freedom of press. freedom. global news that matters. hijacking the news. more are going wrong the news is being hijacked journalism itself has become a scripted reality show it's not just good versus evil hosts versus them why and why. in countries like russia china churchy people are told with snow and if you're a journalist figure and you try to get beyond that you are facing scare tactics intimidation. and i wonder is that where we're headed newsworld. my
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responsibility as a journalist is to get beyond the smoke and mirrors it's not just about the greater transparency or being neutral it's about being truthful. when he was courting golf and i were to be the. big three put it that. this is news africa coming up the minutes to fifteen minutes. one of the south east africa's deadliest people are still being pulled out of water from flooded areas in the country's basket five six million you die hards fund and is in zimbabwe awake some of the day it's being laid to rest. and the beacon obstinacy that is now plagued with still good wall and business terrorism we have the story of the deteriorating security situation in mali which tell.
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