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tv   Business  Deutsche Welle  April 10, 2019 8:30am-8:46am CEST

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i didn't do churches response was brutal. i did read. the book called. the reconquest turned into tragedy is not the kind of freedom that we want. how did morality to become a gateway to islamist terror. an exclusive report from a destroyed city. in the in the sights of fire starts april eleventh. a delicate moment for the world economy the international monetary fund says the global economy is slowing more than expected to tell you what the i.m.f. is demanding from governments around the world to stop also coming up e.u. leaders are discussing another bragg's of postponement we'll show you why people in
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a small french town are hoping for just that and beijing makes a big promises in brussels pledging equal treatment of chinese and foreign companies but will china walk the walk. across the program the international monetary fund sees the global economy at a quote delicate moment the organization organizations chief economist says that while she does not predict a global recession there are many side risks the i.m.f. forecasts global growth of three point three percent this year and three point six percent and twenty that's a slowdown over last year and weaker than originally forecast weakness is expected in the united states thanks to trade wars and proposed tariffs on cars all the worries are drags it and a general economic slowdown in the world's second biggest economy in china. now for more on those let's bring in our financial correspondent in frankfurt the
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i.m.f. says this is a delicate moment for the world economy and some major players like china or germany might need to take short term actions explain this warning to us. well chris you know in both countries china and germany the focus of the governments for a long time has very much been on stability in the case of china for example the government in beijing has tried a lot to make the financial system the banking system more stable here in germany the focus of the government was very much on austerity you know a very conservative way of handling state debt and the state spending well christine lagarde and her people at the i.m.f. want both the governments in china and germany to be more proactive to make more progress policies in the case of germany for example this means be less concentrated and less focused on you know financial stability or you know the south
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as of the state budget and more focused on infrastructure spending and domestic demand and conrad another delay of bragg's it is on the agenda today in brussels where e.u. leaders are gathering now the governing council of the european central bank is also meeting today what rican what can we expect there in regards to the braggs drama. well of course the e.c.b. council members must be very concerned about the negative impact that breaks it already has had on businesses in the euro area. now of course bankers in frankfurt are hoping that this means that the e.c.b. council also becomes a bit more you know understanding of the problem that the banking sector has for example those negative interest rates that banks have to pay on deposits at the e.c.b. if the council today gave a little hint about when and how to end those negative interest rates it would be
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a great positive factor for sentiment here carlos ghosn in frankfurt thank you. now as i've heard later today your leaders will be holding another emergency summit in brussels over britain's still unresolved exit from the european union the european council president has proposed a flexible one year extension of postponing the crucial day would be in line with hopes of people in the french port town of cali it's a major terminal for trains and ferries between the u.k. and the continent and fears about the potential effects of breakfast brags that are running high. a massive traffic jam at customs in cali that's what happens when french customs officials work to rule they perform their jobs very slowly as a form of protest to cope with brags that the french government has promised seven hundred extra officials a trade union say that's far too few especially if there's
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a no deal breakers that. each day the euro tunnel shuttle train carries four thousand five hundred vehicles through the channel tunnel near cal a low interest all over britain were to leave the customs union goods inspections would immediately become more stringent. but the infrastructure isn't in place for that it's still under construction and there aren't enough personnel for. the new building for veterinarian food inspections is not yet finished breaks a delay could be more than a mere inconvenience to cali ferry harbors planned for a potential no deal breakers it and budgeted some six million euros for it if it came to increased customs inspections here in the future it's hoped things would still run smoothly as losing time means losing money frank areas for example would be able to fill out forms on line in advance two million trucks use the ferries each year in cali. what we are afraid of
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is loss of revenue if the british economy imports and exports fewer goods but we're not pessimistic but instead we're optimistic about the future as well. the ferry port is a major economic motor in an otherwise structurally weak region many jobs have been cut in the textile and fishing industries especially and now briggs it they could be measured by preferred if things stay the same for both sides no question there's more inspections would be a huge hindrance mainly for the transport branch but i think british tourists would keep coming. that's what shopping centers on the outskirts of cali also hope british day tourists are unimportant leon tell british visitors account for about forty percent of sales here up to now at least. european leaders have called
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it a breakthrough the e.u. . summit in brussels beijing. make concessions on key issues like market access and intellectual property this at a time of growing european unease over china's brand of economic ambition stage. the choreography is still a bit shaky but when it comes to matters of trade at least the relationship is going in the right direction that's european union council president donald tusk take on the final communique for this year's brussels summit. negotiations have been difficult about it fruitful. three managed to agree a joint statement which set. out the ship based on the reciprocity china has compromised on several key questions international companies will no longer be pressured into disclosing their technological know how to their chinese partners will also cut back on state subsidies and in future trade
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relations will be developed in accordance with united nations principles and world trade organization regulations. for the higher. we need to speed up negotiations on the china europe investment agreement with a view to making decisive progress by the end of the current year. then we can conclude a high quality china europe agreement before the end of next year it should be fair for institutional investors from both sides and ensure mutual openness. there are good reasons for the chinese compromises the complaints by european companies about unfair competitive practices in china have become increasingly bitter. the e.u. has also given a lot of ground chinese telecoms company huawei will likely not see its technology banned from use in any future ultra high speed five g. mobile data network in europe its inclusion was a controversial matter because of the company's government ties and fears of digital espionage now both sides have to live up to their grand declarations
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something they've often fallen short of in the. asked. the head of germany's industrial giant z.-man says you're a means to play ball with trying this year joe kayser also took on the leadership of the asia pacific committee of german business it represents german business concerns in the region and did a good ferguson caught up with them i'm joined by seaman c.e.o. joe kayser he's recently taken over the chairmanship of the asia pacific committee of german business that's an umbrella organization that advises the german government on economic policy in the region mr kayser thanks so much for joining me everson i'd like to begin by talking about china's belt and rode an issue that many german companies are already heavily involved but the german government has stopped short of signing a memorandum of understanding with beijing in fact last month when italy did just that more than a couple of i prize were raised why you have a common e.u.
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stance in the face of china's growing economic might proven so elusive well i think first of all people to the road initiatives have very little to the international. initiative. takes you just. more than one to qantas in the meantime british have signed up counting up more than two thirds for global population. i think the reason why some countries in europe especially true money as the leading industrial company. has been let's. sort of standing on the sidelines was not so much that they wouldn't be really into corporate is china on the contrary to the very close relationship i think the stop the thought process on the german government goes like if we want to pee on the same level of economic discussions with gotta have europe the united states and
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china on the table. you know what country alone in europe is way too small to take it up with china or the united states so we need to show multilateralism as a united europe united in a way that we have a choice for an economic policy towards china as one of the superpowers of economic growth and it was really unit states which is. increasingly. it's a unilateralist. fan which is not exactly helpful folk lobel trait mr k. they thank you very much for talking to me. and there are new worries about the chinese economy after car sales fell for a tenth month the country's industry group says twelve percent fewer vehicles were sold in march of last year and blamed the fall on some familiar factors slow growth and trade tensions with the united states imports errors and changes to tax policy
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have also weighed on consumers. britain's standard chartered bank is sets today over a one billion dollar fine to u.k. and years and saudis for its role in violating sanctions against iran iran has been cut off from board financial markets multiple times over international concerns about the country's nuclear program toward the say standards center ignored brad flags and failed due diligence in preventing a reigning clients from violating its midst for a blind eye for over six years. and show if you want more go ahead and check out a website d.w. dot com. thanks for watching.
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where i come from we have to fight for a free press and was born and raised in a military dictatorship with just one t.v. shadow and if you newspaper us with official information as attorneys i have work on the streets of many cantors and the problems are always the same core to the
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social inequality a lack of the freedom of the press and go rush with on the fourth to stay silent when it comes to the fans of the humans and see them like the poles who have decided to put their trust in us. my name is johnny carson and weren't i d w. s hi there and welcome to news from the world of arts and culture with me karan how instead in this edition one of berlin's most famous paintings by german romantic artist caspar. gets a virtual reality make over and here's what else is in store. punk rock band
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talking holes are not only one of germany's best live acts they're also the subject of a new documentary film. director called a locked cabinet. and with ice cream so you can just around the corner this delightful novelty desserts a german invention just celebrated an anniversary. it was first shown in berlin in the fall of eight hundred ten it seemed like the emptiness picture of the art world had ever seen the monk by the sea by cars is a masterpiece of german romantic painting with a natural landscape functioning as a mirror of the soul well now thanks to virtual reality this interest to the national gallery can immerse themselves in the painting and commune with the monk and more. a tiny figure standing on the beach in front of
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a rough sea in the sky a heaped up mountains of clouds. that friedrichs the monk by this.

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