tv Business Deutsche Welle April 6, 2019 1:30am-1:46am CEST
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what's the connection between bread. and the european union he knows. you correspondent baker stretches like you live with the rules set by these. talks. being recipes for success a strategy that makes a difference. baking bread on d.w. . a landmark ruling with signals towards the white house the world trade organization decides national security concerns can be a valid reason to put up trade barriers very recent u.s. president sides when it comes to trade disputes. also coming patience is running out in pakistan where inflation is now running at
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a five year high. and good to have you with the world trade organization has issued a landmark ruling on national security claims in disputes the decision could have major implications for u.s. president donald trump's trade policy the ruling involved ukrainian exports through russian territory and allows an exemption to rules on national security grounds mr trump is likely to see this as a win as he has invoked national security when imposing tariffs on trade disputes with china and the european union but the ruling could also work against you. now let's dig deeper into the story with our financial correspondent in new york and my colleague from business clifford cronin here in the studio. let's start with you. what exactly was this ruling about
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and just how important is it well it started with ukraine feeling that it wasn't getting at the benefits of its strange and trade because russia and rail transport across ukraine they took it to the to the w t o the w t o said that national security issues did count as a reason to oppose this. and the reason that it's important is that it's the first time that the w t o has addressed this issue of national security. over to you does this ruling support the u.s. president's position siding sid your security concerns when it comes to terrorists . well let me read you two headlines that i saw today after the ruling so that gives you a certain idea one headline is reading russia wins w t o national security case a potential boost for drama and another headline this w t o defies was historic
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ruling on national security itself obviously it could work both ways what is one important question how do you define national security. that's in the eye of the vote holder how it works here in the u.s. so far for example when we talk about the potential tariffs for car import so usually there is an investigation in the case of the terrorists by the commerce department and then the president so to speak gets the result of the investigation then the president can make a decision and if congress for example disagrees they have the theoretically the possibility to overrule the verdict of the president clifford back to you the w t o has not only set definitions on what it finds as a threat to national security it is also indicated that it wants to remain in charge as an international institution that's right and i think this is where the
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review element comes in and it becomes very important they have the power now to review cases where there's a national interests involved and that gives it a lot of scope in terms of how it can deal with say these cold war era rulings the . terms that trump has been using and it's here that we could see which way it goes i mean there is ambiguity here we've seen some seeing this as as we just pointed out some see this is a win for john sums it is a loss so this is where the power is going to be and then to see how trump deals with that yes back to you in new york donald trump has been trying to undermine the w. two since he has come into office is this ruling likely to change his mind in any way . he made it quite clear in the past what he thinks about organization like the w t o not much so what we could see in this case where we talk about potential car terrorists that could become a power struggle we shouldn't forget that the united states is not just the biggest
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economy on the planet but also the biggest contributor to the w t o's so let's say you don't know what increase tariffs on the ground sell financial insecurity and w t o disagrees. theoretically could threaten to leave the w g old that's also not in their interest of this organization so that could be pretty interesting case if it should come to that point and scored in new york and clifford cohen and from deed of your business here in the studio thanks to you both. and here are some of the other business stories making the news. senior u.s. treasury official david malpass has been elected as the new president of the world bank it was the trump administration's unanimous pick for the job it has always gone to an official from the united states while the world bank's sister organization the international monetary fund is headed by a repeat. french finance minister brule america says his country is sticking to its
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plans to introduce a digital tax on companies like facebook or apple despite opposition from washington the three percent levy would apply to high tech firms operating in france with an annual global turnover of more than seven hundred fifty million euros the european union says greece has fulfilled its reforms as part of its exit from its bailout program last summer so the market has now approved and nine hundred seventy million euro debt relief and to athens the money consists mainly of east and the other eurozone central bank profits made on greek government bonds during the bailout period. european regulators have accused b.m.w. dialer and fox wagon of colluding to prevent competition on emissions cleaning technology the allegations cover the period between two thousand and six and twenty fourteen and come two years after raids were carried out on company premises the firms now have a chance to respond before the e.u. commission decides whether to pursue an anti trust case.
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it's a pakistan now where inflation is at its highest for over five years prime minister imran khan's government was elected in twenty eighteen with a promise to eradicate poverty it's not even been a year but patients among average pakistani voters is very. inflation is killing us reads this sign is currently running at nine point four percent in pakistan not since november twenty third teen has it been they say high with hefty increases in the costs of food and energy essential is now becoming luxuries for some. even for the public be able to survive this inflation or not we can't even purchase bread with what we have got alone knows what'll become of the poor this has to stop but there's no control anywhere. else it is a different raleigh. many pakistanis had hoped that control would come from imran
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khan his party swept to victory last july on a promise to make poverty a thing of the past are wrestling with a ballooning deficit and seeking a thirteenth international bailout has left the government needing to make tough choices at the start of april fuel prices went up by six rupees to ninety eight per liter hitting low skilled workers who can earn as little as six hundred rupees less than four euro's a day. on account of the body among come with saying big things about providing employment and getting rid of poverty these are raising poverty is a raising the poor so is nine point four percent the limit for inflation in pakistan increasing trajectory now from now on will depend on what extent the government is going to do is be there the prices so if they were to go to the full extent to what extent it is to what extent they need to plug the gap then increases in a few months it will go into double digits. economists believe pakistan has no choice but to cut public spending and raise prices but for
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a public that was expecting to be getting richer patience is wearing thin. to nazir as state of emergency was to have been lifted on friday but instead the government wants to announce an extension for yet another month it is election year poverty is right around the government wants to avoid any mistakes but urgent action is needed on the economy with unemployment at fifteen and inflation at seven percent. that in february teachers in the tunisian capital took to the streets demanding higher wages better pensions and improved working conditions and schools the teachers are not the only ones protesting the past months have seen nationwide strikes by public sector workers as international lenders call for cuts to government spending for some businesses the problem is that the government is not doing enough to stop the fall of the currency the deanery. since twenty fifteen the
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dinar has lost a third of its value against the euro tunisia's foreign currency reserves have dwindled as its trade deficit mounts for instance the country currently imports half of its gas supplies from abroad. but the weak currency has at least one positive effect it makes tourism cheap last year a record eight point three million visitors came bringing sorely needed revenues to tunisia. nigerian president. has reportedly said his country loses more than one billion dollars every year as affluent citizens seek medical treatment abroad thousands of wealthy africans receive medical attention outside their countries to avoid underfunded and ill equipped local health care system now mr bari is calling for a solution to help close the gap in his country's health service though much like other african leaders the nigerian president has also been abroad himself for health. and turkey airlines have begun moving their operations to istanbul's
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new mega airport the move is being described as the biggest transport operation in education history it's scheduled to take forty five hours and is due to be completed by sunday both sides the current ataturk and the national airport and the new hub will be closed to all passenger flights for a period of twelve hours to facilitate the. new airport is one of the largest. and that wraps up our program if you want more go ahead and check out our website at v.w. dot com or better yet follow us on twitter or facebook. thanks for the company.
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know why this time of course is quite hard on the seventy seven percent who talk about the issue. from the point of fashion i am from the housing boom boom boom town this is where they are. welcome to the seventy seven percent. surge fifty six r t w. imagine being born there's a. euro come prove it since. you want to look at the new school. you want to be put on a loved one. when you're sick the doctors know when you fall in love they won't. you don't have children for fear they'll be invisible to. have knows. when you've gone there's no.
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every ten minutes. someone. ten million people in the world the stakes they have no nationality and the total made up along. with everyone has the right. everyone has the right to say. welcome to news from the world. well being in the city of volume i have a look at the new bauhaus museum also coming up. an exhibition exploring the complexity and diversity of muslim fashion arrives in frankfurt. and a new london exhibition celebrates the work and influence of iconic british fashion
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designer mary quant. throughout this year there are numerous events celebrating the one hundredth anniversary of the beginning of the bauhaus school one of the most influential movements of art and design in the twentieth century and is still influencing our design all over the world today but our house was founded by visor gold piece in the city of volume i'm not one of the new museum as a to celebrate the anniversary and includes every day bauhaus designs some of which maybe you'll recognize. together let us conceive and create the new building of the future those were the goals of own house according to their founding manifesto from one nine hundred nineteen one hundred years later the city of i'm r. has erected a new monument to this global modernist movement the chief curator for architecture and design from new york's museum of modern art has flown over especially for the
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