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tv   Business  Deutsche Welle  March 28, 2019 3:45pm-4:01pm CET

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textiles industry the government or europe. that's their business there is turmoil on financial markets authorities had been reportedly limiting the selling of the lira to avoid a currency slide ahead of local elections but now it's tumbling along with stocks the president says the central bank needs to cut interest rates. turks will vote for their mayor since city councils on sunday but the election is generally seen as a referendum on red chip type add on the turkish strongman has always made the economy a focal point of his campaigns promising to turn turkey into one of the world's top ten economies but instead of rapid growth the country has grown to a standstill. unemployment currently stands set thirteen point seven percent in the fourth quarter of twenty eighteen turkey slipped into recession for the first time in ten years was g.d.p.
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growth a negative two point four percent the turkish lira has fallen by thirty percent in twenty eighteen and has been volatile since with inflation taking a toll on the turkish people added one has ordered city authorities in istanbul and ankara to open their own vegetable and food stalls to sell projects at discount prices it doesn't seem to buy him much on sunday add on's a.k.p. party is in danger of losing the majority in the country's two biggest cities and a last ditch effort to hold on to power to on recently try to make the vote about turkey's national security and religion even promising to turn the hot yes of fear which is currently a museum into a mosque. but many turks say their financial situation will decide they'll vote and that could spell trouble for the turkish president. the european union wants to ban
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the use of palm oil and biofuels to stop rain forests being cleared for new plantations malaysia is one of the biggest produces it wants to take the dispute to the world trade organization it could also take its business elsewhere malaysia's prime minister is threatening to buy new fighter jets from china instead of europe . plantation owners started these fires they want to create new areas for their palm trees the fires are illegal but they burn again and again the government is trying to protect the rain forest on biodiversity and the people who suffer from the effects of the smoke. the fruit of the palm tree weighs up to four kilograms the biggest consumers of the oil from the fruit are indonesia and china followed by the european union. it's chiefly used to cope with what is also often an ingredient in food or cosmetics. palm oil is also used as a bio fuel additive in the e.u.
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however that could end soon in an effort to protect the rain forest. the government in kuala lumpur is coming out in support of the six hundred fifty thousand small farmers whose livelihoods depend on palm oil it says hot the forests are now protected the focus has switched to increased productivity the government is even introduced a certificate for green plantations. malaysia has threatened to retaliate at the e.u. restricts imports there were reports of an aviation show in langkawi that the plant purchase of european jet fighters could be stopped instead chinese or other aircraft would be an option. that they were one of the first asian countries to buy russian planes. the government has also threatened to boycott the planned free trade agreement between the european union and the association of southeast asian nations. pandey is following this story for us as it does is it
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that simple could malaysia just take its business elsewhere over this dispute. well ben i have feeling it's easier said than done the e.u. is malaysia's fourth largest trading partner it's a market for twenty five billion worth of goods from malaysia and a source for another fifteen billion so it's a key market it would be easy for malaysia to look elsewhere having said that malaysia can definitely hurt the dupion union's free trade ambitions in the region free to talks with malaysia have been on hold since two thousand and twelve and it looks like it will not start anytime soon in the current with the current ongoing spat also what it does is that it creates a problem for the european union because if they look in union has been seeing these individual trade deals with these individual countries as building blocks for a wider to deal with. as a whole how i see and is the third largest trading partner for the european union
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outside of europe. you call this dispute i referred to it as a spat when we could start using the word of coke we start using the word what trade war. well i think it's highly unlikely a trade war i expect the two sides to come to the negotiating table and allie each other is concerned that's what i expect as of now because what i feel at this point malaysia is engaging in some sort of a power tactics rather if i could say that it's the new thread actually coming in every now and then of course it's about bringing them to the w.t. your bring your view to a challenge against the it's been legal suits it's been about fighter jets so these threats have been coming every now and then interestingly a spokesperson for the european commission did tell me that they haven't even heard of one threat. let's look at the brighter side of the story just for
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a second and isn't this a good thing that at least some economies are now looking at the effects that position palm oil can have on our planet well definitely and that's a positive step that the european union is taking in this regard and. they're glad to find that it's not a step against palm oil per se palm oil has it be categorized as a bad fuel and the others are seen as a good as any sort of good fuel it's against those palm oil cultivators who are actually leading to deforestation see there's limited for land to grow farm crops and now when you start growing bomb oil on all these. pieces of land then definitely people are going to go to was the forest and in effect what it does is that it creates more pollution more carbon emissions because forests forests are lost and the net effect of using biofuels is actually lowered so you
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exactly are so sorry we have to cut it short beth thank you very much for joining us here and they don't you. as a tussle over who should be in charge of regulating bangladesh's textiles industry is a global supplier but over a thousand deaths in a factory collapse five years ago sparked the regulators to try forcing owners to clean up their act. a textiles factory in the special economic zone on the outskirts of dhaka shows that it has come here every day for the last couple of weeks to ask for work to know what vale isn't willing to take just any job down i want to get on in many small factories they don't even pay the state minimum wage equivalent to about one hundred euros a month by month only pay eighty i don't want that in those bad factories they sometimes make you slave away until two in the morning. his wife active big on weights back home she earns the equivalent of around one hundred fifty euros
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a month as a seamstress it's hard for us to be dependent on his wife at one point he turned to drugs first and then fed him and then carol when he's been clean for a few weeks now but as wife regularly checks for signs he's using again better safe than sorry on how much. although textiles have brought the problems to their country they've brought wealth as well bangladesh is one of the world's fastest growing economies and over the last few years its biggest industry has been trying to clean up its image. most of the factories that work for the export sector have come under pressure from big foreign clients to modernize manufacturers complain however that the fashion labels are unwilling to pay for it. it's really well yeah customers in western countries should actually be willing to pay more for clothing otherwise we won't be able to pave the way to provide our workers with a reasonable living standard. why the. manufacturers have been forced to invest in
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safer work environments and fire safety and structural measures have been monitored by european auditors since twenty thirteen factories not up to code don't get contracts like this company which was driven to bankruptcy its owner says it's presumptious that europeans are trying to force through their own standards here. excuse me but just to do they think they are they make decisions based on their papers but they have no idea our government should make those decisions are provided five thousand jobs and invested thirty million euros that's all gone now. so factory owners are no putting pressure on policymakers the bangladeshi government now also wants to get rid of foreign inspectors but their head on. to stay the course the accord does not think that this government entity is is
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fully prepared at this time. to adequately regulate safety and we're working intensively with them and in support of them so that they can achieve that in the quickest time possible. national acidic and his family have other worries the money that his wife makes is just barely enough to scrape by so he wants to find a job as quickly as possible he wants his daughters to continue to go to school he says and the hope that their one day have it better than he does. make a dive lays forging deep ties with its largest shareholder china's g.d.p. together they hope to transform its not cut division which makes twenty fuel efficiency cars into an all electric brat moving production to china switching to electric smart cars marks a major step to rejuvenate the brand to appeal to china's swelling legions of young metropolitan consumers diners made losses on smart cars since they first launched
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in one thousand nine hundred eighty s. the joint venture will build a new china factory to assemble the next generation of lectured smart cars julie is owned by the powerful billionaire alecia who last year took a nine billion dollars stake in the german luxury auto maker the smart vehicle to be engineered by the hunger we see these designers doing the styling the first cars go on sale in three years time timer says it will stop building smart cars at home back in france although it will continue to build an electric car model there it's the biggest step the two companies have made together since lee bought into diner. business are.
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stuck in traffic for hours spoiled cargo huge losses. that could be a trucker eric hearings the reality after breaks it a focus on europe takes a road trip from brussels to britain the full chaos at the border oh my god. breaks it turned into a nightmare. thirty minutes d.w. . in a bus in itself up i don't know it's not easy to go to another country you know nothing about why folks do this because we can't stay in venezuela i'm not surprised that.
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closely global news that matters d.w. made for mines. sarno just couldn't get this song out of his head. the college just began searching for the source of these captivating sound. and found that deep in the rainforest in central africa. the bayaka people. and. nothing else looks like the look was able to look. up my little. he was so fascinated by their culture that he stayed. only a promise to. leave the jungle and return to the concrete and glass jungle but. the result reverse culture shock.
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the prize winning documentary from the forest starts first on t w. this is you know a news line from berlin a migrant hijacking on the high seas ends in a multi-sport the vessel had rescued refugees and migrants off the coast of libya and was ordered to take them back when the captives refused to change course some of them took matters into their own hands was it an act of piracy or a desperate bid for self-preservation also on the program the british government
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tells lawmakers to expect a fresh briggs's vote tomorrow the move comes as the country's embattled prime minister.

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