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tv   Business  Deutsche Welle  March 29, 2019 7:30am-7:45am CET

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with regard to building and definitional. purity and share with musicians from around the world. groups every week double. bracing for breaks it's what kind of threats is how. and until when german companies doing business in the u.k. say they're struggling to get ready. and climate friendly commuting at one of asia's biggest bike shows electric but spun the way forward. welcome to date of your business and this trade negotiations between the u.s. and china resume in beijing today and investors seem to see light at the end of the
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tunnel asian shares gained up to three percent on the last trading day of the week after positive comments for the goshi eighteen teams following a meeting with chinese vice premier new he u.s. treasury secretary steve minucci in said china have made proposals on forced technology transfers and a range of other issues that go further than before china also pledged to liberalize financial markets and expand access for foreign backed securities and insurance companies. now let's bring in our financial correspondent who's standing by in frankfurt for us have other markets also picked up on that sentiment. well gary we are hoping that the trading day here and frankfurt is going to be as successful as we have seen it happening this morning and asia because all of this would be really a big relief for investors i mean we really have to remember that this ongoing
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trade conflict i guess we should call it trade war between washington and beijing has really given investors lots of headache we have seen shares here at the markets in europe and around the world dropping because of that reason and it really seems to be the case that the toll has changed in those negotiations we are learning that china really seems to believe that's what we're hearing from u.s. officials that and they agree meant it would also be very much in the interest of china. china the i.p.o. the competitor lived is in focus for investors were once this market so interesting. yeah exactly i mean this market has been growing throughout the last years i mean we have to you know put this into perspective i mean more and more people are mostly also in the united states they're living now in big cities
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and in big cities to have an old car is getting more and more expensive and that's why companies like grab and live are very successful while the i.p.o. is happening today the company has a valuation of twenty five billion u.s. dollars it's going to be a little bit of a risky invest for investors because the company at the moment is in the red and it's not clear how fast they will be able to get into the green zone. in frankfurt thank you. the chinese electronics maker who always says it had its net profits last year surged twenty five percent with sales rising above one hundred billion dollars revenues were driven by consumer and enterprise sales both of which saw double digit growth however revenues from telecom carriers fell slightly by one point three percent year on year reflective us governments pressure on other
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countries to avoid using weiwei with mint in their five g. network infrastructure there are fears that it can be used by the chinese government for spying united states has also accused huawei of breaching iran sanctions. now today is the day or would have been the day that britain wanted to leave the e.u. but with the british political class still more concerned about political infighting than economic sanity the date has been moved into april and prospect of a no deal breaks it's still not completely off the table british trade negotiators need to set agreements in place around the world to ensure trade can continue smoothly let's have a look at where britain stands right now as a member of the u. the u.k. currently is part of around forty trade deals around the world and you should see a nice piece of graphics right now but it will. just die last so
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it covers current trade deals inside the you are covering a total of seventy two countries those deals account for around fifteen percent of britain's overseas trade but if the u.k. leaves the e.u. without a deal it will immediately drop out of those agreements so to avoid losing out in the event of a hard break that it needs to take action but so far the u.k. has only arrange so-called continuity agreements to cover eight of those trade deals that means there are thirty two still on the go shit so businesses in britain have a lot of preparations to do without knowing why. exactly to prepare for they are not alone a new report by orders a k p m g and the british chamber of commerce in germany suggests businesses elsewhere of the e.u. are too struggling to get ready in time or whatever breaks it will look like. putting aside talk of having one's cake and eating it german confection is it just some of the european traders who want they could struggle with a disorderly breck's it the result of
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a survey published on thursday suggests forty seven percent of german firms with interests in the u.k. are under prepared for what its departure from the you could bring. with us is physical and that's alarming certainly it also reflects the uncertainty of a situation in which all scenarios is still on the table as of today and that it is difficult for companies to prepare for all of those scenarios and therefore hoping for a political solution and in particular that there will be a long a transition period in which companies can prepare for specific scenarios you go as far as the quality is it will move forward. not one of the one hundred one companies question for the survey said it was planning to increase its presence in britain thirteen percent said if the u.k. left the without a deal they would move operations to germany that's one of many ifs that have left german trade is desperate for answers when will be the brakes it what shall we do in between what will happen with the european parliament election what will happen
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with the daily business of entrepreneurialism of exporters but also for all the three million european continental people working on the u.k. side the result with the british parliament apparently still some distance from answering those questions thinks aspiration of european businesses was perhaps summed up by german m.e.p. yen sky corrected sorry your board of directors or to death. now. from our business desk has been looking into this story for us. britain has had three is to look into all of this have they done enough with regard to trade deals. no you have said they haven't so existence member the u.k. benefits just the same way as every other e.u. member does by virtue of the fact that the e.u. has forty trade agreements with over seventy different countries around the world
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so in theory the plan that britain has had for the last two years of be as soon as they leave the e.u. they can retain the benefits of those existing agreements that's nothing to do with new agreements that simply retaining what's already there out of those forty they've only managed to agree eight so far and of those a lot of those are with what could be described as fairly small fry some countries like the farrow islands a small group of pacific islands the largest of those eight continuity agreements will be with switzerland and even that deal has some question marks over whether it's actually the same as the existing he'll why is it was it so difficult these continuity deals right it's basically you say look we used to be part of the e.u. let's take this copy and paste this into next deal sign it and we're done was it's a completely it sounds wonderful easy in theory guard but unfortunately much more complicated because of the fact that because the u.k. is no longer going to be in the e.u. it's a different market before it was access to a market of five hundred million people now it's access to a market of sixty five million with potentially a greatly changed relationship with the e.u.
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so because of the these countries for example like switzerland or in other cases like japan and turkey where they've already said they're simply not going to continue to do this they think they can get better terms from the u.k. why should they simply copy and paste and get what for them would be a worse state when they can get a new deal they've got far greater leverage they can benefit far more so from their perspective they're thinking let's wait and see what happens with bags in the end and then let's see what kind of terms we can extract from u.k. postbag that the leave complain in britain always said that they're going to be new deals with for example the us that donald trump has said we're going to have a beautiful trade deal with the u.k. so what's happening on that front well as you said join the live command the whole thing was take control and i love you means different things to different people and the. big thing that a lot of the most ardent bags of tears said was going to take control of trade deals and in theory that sounds wonderful go to india when we go to america the next we go to canada the next and get deals everywhere and yes trump has spoken very brightly about this and he said oh we'll do this deal and to be so easy but
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it's really much more complicated than that and actually just very recently the interesting when the u.s. trade representative they published what is their negotiating aims for any talks with the u.k. and in those ends they are extremely clearly that they are not going to be sympathetic or in any way nice to the you can disregard they've said specifically in this paper they want to have reduced barriers for agricultural products and other meat and food products that includes things like fluorinated chicken hormone injected beef stuff that's been hugely controversial in the e.u. so the like what someone said to me last week i interviewed them trade negotiators are not sentimental it's all about what i can get what you can get and it's about money in the end of the some of the thank you very much taipei cycle going on the way in taiwan this week is one of the engines biggest bike shows with more and more people in north america and europe looking to take the strain out of their ride to work as one clear star at this year's show
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a couple of clicks. and that seat all you need for a more leisure lee cycle the time when he's government says exports of electric bikes have increased by fifty percent over the past two years one company the show says it's down to a desire to be greener. the reason why you vice going to get more and more popular is because the people they are concerned about air pollution right now because some of the countries like taiwan in thailand the people they are writing the moral cycle to get going version of motorcycle and the police will air pollution is very serious one point one million taiwanese bikes were sent around the world last year more than half of those went to the e.u. . we export to germany and france and holland more because their peoples are really used to writing evolves all the day
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electric models may have stolen the show at this year's taipei cycle but there are still plenty of other bikes on offer including for those who prefer their right to come with a bit of a struggle. for me and the business and. of course for more business news and lots of background stories including the one on the regs its trade deals checkouts d.w. dot com slash business all websites. now that you. are all that is coming up right after this quick look at global markets you very much for watching these other business.
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the clues to curious and. do it yourself network or the news. channel subscribe don't miss out. african. president of rwanda. and of the rwandan patriotic front in. the rebel army and in the one nine hundred ninety four genocide wasn't when. there wasn't.
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need to reinforce it in. the new but does that mean he was not floating in. a controversial leader whose success is beyond question. time. and wanted tragedy starts people fit t.w. . hello welcome to news from the world of arts and culture the hard rock band ramstein of made a career out of controversy but have they now gone too far my colleague david leavitt's is here because people are saying they've crossed a red line this time their way to start is a video that involves concentration camps. we'll have more about that in a minute but also coming up. we're in the gulf state of qatar for the opening
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of their spectacular national museum. and we meet german chef tim mrs thomas that's fine and is ranked among the best in the world not bad for a one time game and. by far germany's biggest rock group internationally finning stadiums around the world with the distinctive visceral brand of very hard rock mag going to release their first new album in ten is and david the promotion has already started a thread where first music video from that album came out today it sparked a huge controversy huge debate in the press and online it features members of the band's dressed as holocaust victims. as concentrate.

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