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tv   Business  Deutsche Welle  May 21, 2019 10:30am-10:46am CEST

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magicks around the world. music concert. in east greenwich citizenships and forced into. community interactive content teaching the next generation pleasant little touches. using the channels available to inspire people to take action and more determined to doing something here for the next generation along. the environment series of global $3000.00 on t.w. and online. change of hox all pots of a strategy washington ground 0 way a 90 day reprieve that allows the chinese tech to continue links with u.s. companies. also on the show with the european elections coming up this week we look to one of the blocks most fragile economies to greece emerged from the crises.
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presidents present with the teachers. this is a business i want to get jones in berlin good to have you with us and the u.s. has temporarily ease the restrictions on shore way it's introduced over fears that the company could allow beijing to spy on the west well now you might think she away would be pleased but the reprieve has met with a cool reaction from the tech giants found. the u.s. claims it's thinking of while ways customers a 90 day reprieve means select american companies will be able to continue working with the chinese to ensure existing users of its smartphones and networks don't suffer too much disruption. but while way hasn't exactly showered the white house with thanks in an interview with a chinese news site found a wrench young face said the u.s. had underestimated twal way strength and ability to make its own components some
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analysts agree that what might have seemed like a setback for the company could prove a major opportunity they're already in the cheap foreign market and this is going to actually meet make it probably better for them that they have something in-house that could work they could actually make forms even cheaper. and in other markets the easing of restrictions comes a day after google barred huawei from some updates to its android operating system showing the types of challenges that could lie ahead for the company but the u.s. isn't pulling the plug completely for now at least. let's bring in our financial correspondent last holiday who joins us now from the frankfurt stock exchange last that's very kind of washington to say that they're think of ways customers is that all that sir to that story. it doesn't sound like this
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is all that there is to that story certainly there's some urgent business interests in that too and looks a little bit to me like president trump might have heard from his old tech companies over the last 24 hours as well from google for example of course where oh who always a major customer but there's also of course the chip makers whether that is intel or silence or so it's a matter of fact about 70 percent in every who always smartphone comes from american companies of all the parts here and 2 that is definitely something a business that these companies don't necessarily want to lose that we see here playing out on the stock market. wall street of course over the last couple of hours with all the tech shares down quite a bit yesterday and they're coming back slowly today all right but the interesting thing is that sure why so far doesn't seem to bother either or about the battle in the 1st place and now the reprieve how come. you're that's right
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they're saying well we're just going to do our own ships or on software of course but it is pretty clear obviously you can't just get this done over the next 90 days or so i think is part of their strategy as well you have to play the president trumps game you have to play strong if they look good and you definitely don't blink. don't you blink thank you so much for this. after years of austerity and international age greens has managed to pull back from the brink of collapse and now prime minister alexis de press wants to improve life for greek citizens again for example by lowering taxes sales tax for food and energy will be nearly half from 24 to 30 percent and that's not the only change millions of greeks could benefit from pensioners are said to to see a modest increase in their pensions to make up for the cuts they had to endure following the 2008 financial crisis but experts are alarmed now greece still has
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the largest debt to g.d.p. ratio in europe a whopping 180 percent that means without discipline and the goodwill of creditors greece could very easily default on its debts finance ministers fear that athens plans to increase public spending while cutting taxes could jeopardize the country's economic recovery. i spoke to mark is a bill from the university in sun gallon and he thought that it's a prospecting announcement is politically motivated. doing something good for the pension ists and you know decreasing to be a teeny given an impetus to private spending so that's just normal political behavior in these circumstances and don't forget mr t. pers will have his own general national elections in september october but does it actually make sense though it does make sense at all i mean the austerity program was well received by the international markets greece has done good it has kept its spending produced primary budget surplus but the most important problem is that
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greece has not succeeded in getting some growth patterns on the other side of the balance sheet so that's the major issue and if you you know if you increase the disbanding of this new you get another problem which goes beyond the 180 percent so cutting taxes and raising pensions is not the way forward to fund the study correctly how do you increase revenue then that's the $64000.00 question nobody knows because greece is a country which doesn't have really competitive goods and services other than tourism other than you know and seek it so force that's the major issue for the country so it will probably remain for a long long time on a level of 17180 percent g.d.p. to debt ratio and that's why they need to be very disciplined on the on the income side and on the spending side because when you look at the eurozone and europe as a whole greece in terms of its economy is a small player there are others out there who are also worrying which one worries
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you the most italy italy is a very dangerous country for the european union just to give you one figure of comparison and when we started the rescue program it was greece 10 years ago it was 130 percent g.d.p. to death ratio which was $300000000000.00 italy now has 135 percent g.d.p. to get ratio but it mounts up to 2 trillion is public debt so it's a much more dangerous country but the good thing is we have the systems in place yes it's days we have. so the process is out there that we can cope with is another problem but we couldn't solve it to lead the way we solve greece greece will not become another european problem anymore we learned it was a small country for the larger world of course when you mention italy that is also a prime example for how like economic disparity it can boost populism that is something that the new e.u. parliament and later in the year the new commission president will have to deal
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with what needs to happen in the e.u. in order to close that gap. well it's really of course was this is will be any and the right wing populists will not work which to e.u. day there will always argue that you can blame the e.u. for the domestic problems in italy. there is no simple answer how to overcome it you got to be straight and clear with how you conduct policies how you do the comparison and the competition between these countries and we need to have a clear message that we want to continue and prosper europe ok so it is difficult to say if it's a tall order but let's hope they listen to it mark is a real difference and gallon university thank you so much for coming and grace is undergoing something of an investor and tourism boom property prices have risen by 2 percent last year when the i.m.f. bailout program came to an end construction permits have also risen by more than 10
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percent but while all this growth is good for the economy in athens local communities off feeling the pinch. from an economy in tatters rises a city in the not long ago athens lay at the heart of the country's debt crisis now tourism is fueling a real estate revival but the knock on effects aren't always desirable to the locals but they were changing because a lot of people left because all those rich and throw them out in order to explode their apartments for being the tourists who come here for just 3 or 4 years we don't consist a society of or you know something to to mingle with with locals to shop owner has lived and worked in the city his whole life he says the stories of a vision have become commonplace a fate he himself has so far escaped although his rent was nearly doubled at the start of the year so it's very difficult because i have also
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a family who have 2 kids so we need a partner. for people to sterger and it's far more difficult for other people who are not all of them a before the whole of the sun reporters who has a lot of people to you. greece had a record breaking 33000000 visitors last year a desire by homeowners to capitalize on the influx has led to an uptick in short term rentals. in athens and lauren abbey and the listings have nearly doubled in the last 2 years making it increasingly difficult for people in neighborhoods such as this one to find affordable accommodation but it's not only tourism that's driving now saying shortage golden visa program residence permit with the purchase of a whole joy in 2013 agree started offering golden visas a 250000 euro investment buys you a property as well as a 5 year renewable avi's or an attractive prospect from any part allocate hands
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would say that the most popular candidate is at a time that. and i doubt because he's their biggest volume for i'm going to. invest out of from today but they're not obliged to stay instead most rent out their properties from abroad adding to the higher prices and housing shortage the owner of this building didn't want to speak on camera but that he'd recently sold to a chinese investor or his tenants were kicked out there along that mandela's been affected sort all this out of bed because their own lives but a fair to keep their properties and put them in now to be and be in stand off. leaving them along that road and that while that may be good for investors in the economy it's local communities that are paying the price. the u.s.
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justice department is opposing a multi-billion merger of t. mobile usa with rival companies sprint that's according to bloomberg news agency the d.o.j. fears that the deal in its current form would harm competition the question is whether there is anything the companies can propose like selling airwaves or another business unit that could sway the department the justice department stance differs from that's of the federal communications commission the f.c.c. said yesterday that it would recommend the $26000000000.00. and that is d. w. business at this hour from me and the team and the insides were keeping us company and you can always find out more online or follow us on twitter and on facebook.
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if you ever have to cover up a murder the best way is to make up the facts and. raring to remain. a mammal read a book like this one i. missed the german on the streets.
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i was fishing when i arrived here i slept with 6 people in a room. it was hard. i even got white hairs that. language and. this gets me and they go. to in trouble let's say you want to know their story. and see her fighting and reliable information for migrants. hello and welcome to news from the world of arts and culture and in a minute i'll be talking movies with our man scott rocks at the cannes film festival also coming up in strasbourg seat of the european parliament a system sets out to explore europe's social tensions on stage.
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and how would you survive if you were trapped in a forest behind an invisible wall david leavitt's with another great book writing my report makes us wonder just how little american film director terrence malick former winner of the palme d'or is back at the cannes film festival with his latest movie a hidden life it's based on the true story of an austrian conscientious objector in the 2nd world war who refuses to take the oath of allegiance to hitler as an army conscript and suffers the consequences here he is on in the movie returning home to his family from military training.

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