tv Business Deutsche Welle June 17, 2019 6:45pm-7:01pm CEST
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automaker vince foster. this is business asia. as well come india has increased tariffs on a range of products from the u.s. it's a retaliation for washington's decision to drop preferential trade treatment for new delhi the extra tariffs on $28.00 products will affect one point $5000000000.00 worth of goods one of the products is elman's tariffs on those are going up by around 20 percent or around $0.10 a kilogram india is the 2nd biggest market for california apples are also on the list will now have an import tariff of 70 percent again india is the 2nd biggest biggest market for american apples the trade tensions come at a time when the u.s. have been hoping to boost relations with india as a counterweight to china a little later we're going to speak to our correspondent in india about this but 1st to another story britain and china have begun selling each other's shares on
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each other's markets a landmark deal called shanghai london stock connects and what it means is charlotte's that companies can trade on the london stock exchange while british stocks can be sold in shanghai is not just convenient for investors chinese regulators see it as a step towards opening their markets to foreign investment while britain says it's a way to boost london status as a financial hub ahead of brakes and. the founder of huawei has compared the company to a badly damaged airplane while announcing plans to slash production ranjan expects war weighs global smartphone sales to be down 40 percent this year as a result of u.s. attempts to isolate the company internationally but he insists weiwei will recover . well way is waking up to the damage of its blacklisting by the white house during a panel discussion of the company's shenzhen headquarters wrenching fail laid out
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the impact in numbers. show on the way that to be in the next 2 years i think we will reduce sac capability as our revenues will be about $30000000000.00 lower than predicted so ourselves forecast is $100000000000.00 in revenue this year and next year but in 2020 we may reconvene our growth momentum to contribute more to human society singhji. in february u.s. companies began having to seek government permission to sell components to walk away in a move designed to harm the chinese companies ability to operate abroad and it's worked better than what ways boss had expected. one little wintry shit at the time we didn't think the matter would disrupt our business we didn't anticipate it was going to be as severe as it has become but we did some preparation is like a badly damaged airplane we protected only the core elements like the fuel tank we didn't protect our other parts. 95 and there could be more structural damage ahead
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for a while way as the u.s. continues to urge its allies not to involve the chinese company in their 5 g. networks who are always strongly denies the white house's claims that its systems could provide a back door through which beijing could spy on or even cripple the west and despite u.s. efforts ranging faith in sis weiwei can repair its broken wings and fly again. germany's dacha bank is planning to create a so-called bad bank to hold poorly performing assets valued at up to 50000000000 euros as a radical is said to hive off especially long term arrangements dragging down the bank's performance the group will also shrink or shut down its u.s. equity and trading businesses over was part of an effort from c.e.o. concerns are having to shift the bank away from risky investment banking focus on transaction banking and private wealth management. so let's also look at that
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what is a bad bank quite simply it's a way to isolate a bank from assets that could affect its financial else that's divides divide assets into 2 groups one is for things like risky securities and non-performing loans the other is for the balance good assets its core business the bank or the government can set up an institution to take over the 1st group so-called bad bank the new institution has management that is specialized in dealing with these problem assets the main bank and then go back to focusing on lending money while the concept is straightforward a whole lot of variables to account for sometimes bad banks have outperformed the good banks and many critics see bad banks as a way of rewarding bad for risky behavior. now let's bring in our financial correspondent from frankfurt where the bank is headquartered
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i wonder if we can talk to conrad right now yes there is right in front of the towers there orders of course rencontre how have investors reacted to that piece of news. well the share price of deutsche bank is on the rise this monday so obviously few investors out there believe that there's no reason to worry because of this new bad bank and you know get hurt and like the last bank that deutsche bank had put in place between 20122016 this new bad bank it's not supposed to contain toxic assets assets that the bank is unable to sell on the financial markets because nobody wants to buy them no the assets in this bad bank you can sell them on the markets but they have become useless for a bank because of their more stringent treatment under new regulations introduced after the financial crisis so the fact that the back is getting rid of them here is
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actually positive it means that the bank will become a bit less risky bit safer but is there any hope you're measuring that the share price is slightly on the rise today is there any hope the dodge's share will ever return to its former glory of 100 plus euros. heart you will not get a recommendation from me not only because i'm a journalist i'm not supposed to give recommendations it's very very difficult to predict what's going to happen to dodge a bank you know this announcement that came along with the bad bank story that deutsche bank is planning to cut down significantly its investment banking business in the us it's indicated it indicates that the bank is really in the middle of a huge transform mation where nobody can tell when the when it will be finished and when deutsche bank will really be profitable again. in frankfurt thank you.
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naam has reached a milestone for its star in history today the 1st customers of local manufacturer vin fast get behind the wheel of the country's 1st grown cast in fast is hoping to become the 1st only vietnamese car maker to sell it to challenge the international motoring at the weights. lined up and ready to roll the vin fast for dale is the world's youngest hatchback as the 1st rolled off the production line on friday there was excited anticipation about monday's deliveries to customers. who the 1st of our cars have been gathered in 32 official branches of in fast across the country in order to handover to customers on the 17th of june. and that moment has come the $17000.00 for deal is on the road then fast 6 factories all built in less than 2 years are expected to make a quarter of
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a 1000000 vehicles during the 1st production phase rising to half a 1000000 a year by 2025. but entry into the market isn't without hazard of in fast analysts have warned that quality conscious vietnamese drivers we wary about trying a local brand they tend to prefer foreign products for high value items nevertheless vietnam's prime minister is confident the brand can put its own stamp on the global automotive industry. each car reflects the philosophy of its manufacturers country your ability of japanese cars the reliability of the germans the sophistication of the americans the skill of the koreans in fasteners to create the enemy's identity on its cars. there's still a bit of a wait until we see the vin fast v adorning cars on roads outside of vietnam the 1st exports are expected in mid 2020. in britain the berry
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harvest has one in her manpower problem farmers simply don't have enough eastern european seasonal workers who've come back to their jobs this year left many fruits rotting and unpicked in the fields. the stories are ripe and ready to be picked in hereford share in the west of england but there are just not enough seasonal workers to do the job farmers like anthony snow says it's putting the businesses in danger could be really serious if we don't get the work of him he says he's increased wages to 17 pounds an hour but still can't find enough fruit pickers from eastern europe. all wages have gone up. 19 percent in 2 years. 9 percent last year 10 percent the year before the numbers returning less 10 percent last year and that will be catastrophic for the farm businesses and also for the whole u.k.
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economy you say you voted for bracket do you regret that decision now. no because it's still right to to get a clean break through which we just don't seem to be getting. and you know we should still have free movement of people to you know to to keep on a sustainable economy 3 years ago there were 4 workers for every job but now there are 15000 unfilled positions in britain many eastern europeans prefer to work on the continent now as conditions have improved many farmers that have adopted the so-called tabletop farming method which means workers no longer have to stoop. to people coming to. the netherlands doing a really good job in terms of governmental support for workers' tax breaks growers have invested heavily in the farms in genyen the netherlands and the farms have also developed really quickly in order to need more labor the u.k.
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is also becoming a less attractive place to work because of the weakening economy seasonal stuff from abroad stand to make less money. one of the other reasons is the value of the british bonds in europe if you will to a couple of years ago before the ticks but it's evolved the bonds was having a very high value now it's been dropped quite awful the labor shortage has put many farmers in a desperate situation some have even resorted to poaching workers from other farms . and that's it from me and the business is in the w. . do not go away. is next after this but look after all the markets.
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so it should have to get through the bundesliga break without a football thanks think again. 19. the results d.w.b. . blank will be our fighters want to start families to become farmers or engineers every one of them is a problem of the insuperable children's summoning is this the children who have already been. and those that will follow are part of a new businesses. they could be the future of. granting opportunities for global news that matters d. w.
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made for mines. this is a 15 year old girl. being gang raped. his teacher is beating a boy for talking back and class. but the rest of the class watches. appear and told her it's been said by his mother. breaking up to watch. this child sleeps in the streets because her family through her. fear. online bullying. pushes a teenager over the edge. just because you can see violence or come short of doesn't mean others and there are make the invisible visible opus might violence against children disappear.
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this is d.w. newsline from berlin egypt's 1st democratically elected president dies during a court hearing mom of morsi collapses during his trial on espionage charges with it with his body brought later to the hospital he was ousted by the military in a coup led by the current president in 2013 after massive protests also coming up german investigators establish a far greater motive in the murder of a local politician investigators say a suspect in the killing of an official from uncle america's.
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