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tv   Business  Deutsche Welle  June 27, 2019 10:30am-10:45am CEST

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the issue got. from point a to flash from housing boom boom time this is where. the 77 percent. this weekend t.w. . the deal seems close head of a crucial meeting with the 2 leaders in japan the u.s. and china agree on the pros and trade war while the u.s. side says 90 percent of the deal is in green apart but now this trouble looming on a different fronts. and chemicals make a buyers reorganizing its troops for the fight back against the tide of legal challenges over this glad to say we kill. this is the job you business i'm going as
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in berlin wall come a day before the g. 20 summit kicks off in japan there's significant movement in the trade conflict between the u.s. and china according to the south china morning post and politico the 2 sides have agreed on a so-called tentative truce delaying a fresh round of u.s. tariffs that would have extended levies on nearly all chinese products coming to the u.s. according to the reports that was a condition the chinese side is set before agreeing to a meeting between president xi jinping and donald trump now scheduled for saturday on the sidelines of the g. 20 meeting chinese president xi jinping arrived in osaka in the rain on thursday morning but the forecast for trade talks with the u.s. has apparently gotten a little sunnier amid reports of the tentative truce on the tarney topic of additional tariffs. optimism has been building among world leaders that a deal is within reach between the superpowers when their leaders meet in japan for
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a bit to not work much of it in regard to the u.s. china trade expect the united states and china will constructively resolve the issue through dialogue including the u.s. china meeting during the g 20 summit. where at a time of very high tensions between the united states and china so joining the g 20 summit i hope we can have talks that will ease the tensions up as month attention analysts say and out and out solution to the trade dispute is unlikely to be found this weekend but one survey of investors suggests they aren't expecting any new tariffs either as the latest report suggests trump has not ruled out the possibility. that it's possible we're going to make a deal but i'm also very happy where we are now would take you know what you can if we don't make a deal i will terrified maybe not a 25 percent but maybe a 10 percent but i will tear up the rest of the $600000000000.00 that we're talking
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about. trump lookalike has already arrived in osaka but more volatile markets need from this weekend's g 20 is a real deal. and while there seems to be some progress with china things local a little less clear with another important u.s. trading partner india following us to suspend indian trade privileges india last week raise tariffs on 28 u.s. imports mostly our cultural goods in a tweet from call for terrorists unacceptable and demanded a quote must be withdrawn at a meeting with indian counterparts on wednesday u.s. secretary of state might pompei or set the countries to work through things. joined it is studio by dennis snow he's the president of the global solutions initiative that's a gathering of the world's leading think times are representing a lot of brainpower today here thank you for joining me denis truce with china
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seems to be there and a resolution of the conflict on the cards more trouble is brewing with india are those 2 conference on upon will not at all and those who are close to the discussions say that the entire threatened trade war between the us and china is not really about trade it's about technological dominance can you explain china has accumulated a huge strong position in the new digital technologies because the china's such a large country and the state has an enormous amount of information about its citizens and. helps it make very rapid progress. and that is a threat to their perceived as a threat to the united states as a power and not not as power and there are of course the
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matter is about who will be dominant in the digital age in the future with regard to india this is not the same issue the same is the trade war i mean we've been reporting and talking about the trade war for i don't know how long now is that really our biggest problem in the world economy right now. well trump could make it a very major problem because a trade war can cause a huge amount of damage to the world economy but at present we've got lots of other problems there could be another financial crisis because although we've taken steps the system is still unstable because tax. is still there to rescue law or just financially relevant institutions and there are many other global problems particularly problems concerned with the
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regulation of e-commerce and services which are not covered by trade rules and so the focus of goods is misplaced because we are moving into a world where goods will be produced lauds li by machines close to the customers but the big world's trade issues will surround services that are digitally movable. let's say this trade war with china comes to an end this weekend is the u.s. any better off. for it because the i.m.f. says it costs $455000000000.00 u.s. dollars in damage per year so trade wars this skirmish has already been very damaging and the thing to be understood is that most goods holidays are produced in many countries so the factory of today
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extends across many national borders and therefore if you have a tariff that's like a wall inside a factory it obstructs everybody and damages everyone including the u.s. which has so far has been estimated suffered $60000000000.00 of damage but trump some being good with balls has he really any claim that he has achieved anything for american workers. economically he's done the opposite he's hurt american workers because the damage that is done through the production of goods and services and they can. more expensive exceeds the. trade to think of using american workers more intensively but i think what is overlooked in all of this is the terror of war stands for something important
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in american identity of those who feel on the privileged and they believe this is a president who is fighting their corner and that can supersede a lot of economic ills and snow thank you very much for coming to the studio today . bya is taking steps to deal with the damaging series of legal challenges it faces in the u.s. over the life of based pesticides a german from a cynical is maker has set up a special committee to try to cope with the potentially massive legal bills it faces are for a subsidiary of monsanto was deep responsible for causing cancer and uses of its weed killer round up by already faces many millions in legal bills. let's bring in our financial correspondent and us with us pound from. those what does this mean for. get it indicates
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a change in strategy it seems that by. settling its legal cases they have been more than $13000.00 cases against bio and has maintained that glad to say it is safe and it has ruled out any settlement but yes we did say that also hired a lawyer which it. said is an expert at negotiating settlements then this is he certainly pleased with this piece of news. that up more than 7 percent the biggest move on dax 30 why is this change of heart. because this has been actually bearing down on by it hasn't been able to do any thing substantially because there's just so many legal votes for it the shareholders have been turning have been increasingly frustrated by a for not having
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a clear strategy as far as its legal legal cases are concerned so perhaps it could do with that also then they will also speculation that some activist investor will actually come in and break buy in to split it into parts and having said that now management which has yesterday's close the share off. 2 percent in the company has a value can this move and it says that it will lead to a speedy. and settlement. thank you. boeing's 737 max fleet is not going to return to the skies anytime soon it seems following 2 crashes involving the 7th reserve marks model in indonesia that is so pure ethiopia that left 346 people dead the u.s. plane builder suffered another setback pilots conducting simulated tests to examine boeing software fixes on the plane have to covet new glitches the us civil aviation
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regulator has announced now no further details were given that might mean the planes could remain grounded past the summer when it has been hoped they would return to service says boeing fell 0.7 percent in after hours trading. over say there's no such thing as a free lunch but in indonesia you might be able to get one right now because in the city of yogyakarta local farmers have started to give away their chickens for free it's a protest against misguided government policies. satay chicken grilled on a skewer and served with the peanut sauce is a popular dish in yogyakarta this week people in. the indonesian city were eating it for free. poultry farmers gave away thousands of birds to protest against plunging prices when the action began customers throng the market to take advantage of the freebies. the package it's
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a sign of our concern and our protest to the government because the price has been below the production cost. breeders have been producing more chicken in the country consumed in response the government ordered them to cull 3000000 chickens over the next 2 weeks to prop up the prices the farmers decided to give away the birds that if i didn't know it's better like this they'll be rewarded by god i'm sure she took 2 free chickens home. for me in the w. business seem and buy them for stories check out a website called slash based don't go away just now also culture is the best.
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i am. i out. there steve. years since the movie. heat was the 1st man to walk on the moon. as a small boy he dreamed of the stars. as a pilot he flew anything no matter how dangerous. are going up.
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as an astronaut he took part in the greatest adventure in history. neil armstrong was his destiny starts july 20th on t.w. . this is the world famous conductor can i go with the deutsch a symphony all custom because we have a very special ops and culture show for you today. and i don't know is my special guest hit in the studio we'll be talking about all things classical but there's also more music of a different kind coming up. can you imagine a world without the beatles the whole well that one person has forgotten danny
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boyle's new film. see how this plays out. without further ado it's a great pleasure to welcome maestro gano here in the studio with me my special guest who needs no introduction to long term d.w. of years because of classical masterpieces the d.v.d. box set of 6 of the world's great symphonies now it was made or over a decade. older they were they were great shows on all on the t.v. and there was a great d.v.d. box set and i think you chose did you choose the symphonies that were to be used. it was the result of a dial where dortch avella we went through a series of suggestions and i would say it was more of a consensus that the.

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