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tv   Business  Deutsche Welle  June 28, 2019 3:45pm-4:01pm CEST

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reshaping the group by taking extra business public to talk to. the oh. let's do business here as president donald trump has thrown the world of trade into disarray he's got the attention of every leader of the g 20 major economies as they meet in osaka but can trump get his main rival to play fair on the global business front on saturday he needs chinese president xi jinping but the question is if they can reach a breakthrough there are signs that trade war is increasingly hitting global growth . getting the hellos out of the way but soon they'll be getting down to the real business of the weekend. technology is a critical front in the ongoing us china trade conflict both nations see digital and technological supremacy essential to their economic futures the role of chinese firm weiwei and building 5 g. networks and a u.s. led attempt to ban it is a major sticking point already on friday the leaders took part in
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a digital economy summit it was all quite polite but while way ship shadow hung over the discussion trump preach security openness at the same time as we expand digital trade we must also ensure the resilience and security of our 5 g. networks this is essential to our shared safety and prosperity. we need to encourage the movement of information technology and human resources to safeguard the global industry chain sharing our strengths and cooperate ing to achieve a win win situation we should not develop behind a closed door and we cannot interfere in the market. even the us china meetings are not the only ones that matter for the global economy and osaka india and the us have had their own simmering trade tensions of late on friday indian prime minister narendra modi met with trump while he also took part in meetings with the leaders of the so-called brics economies where he called for
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reform of the w t o alternately though the big set piece this weekend is the trump she meeting the outcome of that will determine just how happy this latest reunion of world leaders has been or is there the g. 20 covering things for us from osaka hill just how complicated has the whole trade situation gut. very complicated i mean this is been the topic for a while now in the last 20 summit they have already been talking about this but it's basically the last month where tensions have been escalating it's about tariffs the tit for tat of tariffs has been happening and also about restrictions on chinese companies like the take away but if you would think about it economically and purely economically it would be totally easy in the long run it would be very good to basically mees if they had free trade but it's not as easy
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really of course because everything's very political it's basically about who has the bigger leverage over the world economy and both sides have sent mixed signals about whether they actually want a truce or not and it's going to be very complicated to actually talk about that on the very very short time schedule they're going to have on saturday morning and more remains is that china is playing on a level playing field at all when it comes to global trade but that aside the u.s. and china really stealing the spotlight where does that leave the e.u. which is a champion of free trade. yeah that year is really not happy about the fact that the limelight has basically been stolen from them we've been told actually that right now in brussels the free trade agreement between the e.u. and merkel so also the free trade area of the south american countries that there
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their trade negotiations for a free trade agreement are coming to a close and tomorrow the e.u. is going to sign free trade agreement with vietnam so they're doing a lot for free trade but nobody's really paying attention and i think that's a problem of the e.u. they wanted to send a message hey guys we're doing free trade without the u.s. and we have other friends to play with but nobody's really listening really briefly are we going to get a break through what this g. 20. so how to say i mean the people who are involved in the actual negotiations are saying this one is even harder than the problem ridden summit in argentina last year so they said that it's probably going to be their working into the night and it's going to be really difficult for them to find a breakthrough because it's gotten harder and harder to keep those 20 nations together especially with the u.s. doesn't sound like they're going to get much sleep doesn't sound like you will
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either killed her for us in. analysts say vietnam taiwan and chile profiting most from the tribe or the chinese also have their eyes on cambodia to get around american judi's they've doubled their investments there to $3300000000.00. this new factory in numb pen cost around $3000000.00 test operation is underway by moving its textile printing plant from china to cambodia the manufacturers hoping to evade impending u.s. import tariffs champing says other chinese textile business owners worried about the trade conflict are considering moving here he gets lots of inquiries from china . so we have been maybe pushing by the end of the body to confront the problem. or wages as it was for me but it will be happy i fear it will be. the chinese company has settled in numb pen special economic
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zone that gives it customs and tax advantages this omes customer service manager hacks are a has to stave off more and more requests from chinese companies there are hardly any more available sites he says the biggest draws the prospect of free trade with the u.s. so we feel how these kinds of benefits. given to products made in cambodia so i think. there can be more and more companies looking at cambodia as. destination for investment. most of the chinese businesses in cambodia special economic zones are investing in textile or shoe manufacturing these sectors are highly dependent on free trade with the united states. the sihanoukville autonomy support is profiting from the good investment climate container shipments have gone up by 30 percent in the past 2 years the port is nearing its capacity limit no one
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here denies that cambodia is profiting indirectly from the escalating us china trade conflict but they agree that much needs to be done. of government not motivated to treat but we need to. play action try to. concern about trade personally patient to attract more interest or to come to cambodia. infrastructure is a major concern one example national highway number 4 between the capital and the container port incentives bill is hopelessly plugged traffic has quintupled in the last 3 years economic researchers like chance so pas see an upswing in the entire mekong region because shifting production kicks off investments but it could come to a rapid end. china has seen more capito control they don't want too much
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capital to fly out of the country but for cambodia it seems like an exception. a lot of capital keeps coming from china indeed in the past 2 years chinese investment in cambodia has doubled to $3300000000.00. it's europe's 2nd largest i.p.o. this year fox is selling a stake in its trunk division share sale values trust on at around 13 and a half 1000000000 euros a little lower than expected brings together well and brands m a n n n e a as well as v.w. bread truck sold to south america and africa is our correspondent ashutosh pandey. folks what i've been struck you in a trade in has driven into the public markets and with me is the chief executive and. many thanks for speaking to dutch and i want to begin by asking that some would argue that these are really uncertain times for the market and you've taken quite
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a risk by going public at this point of time by now. you know we are very happy that we made it that 1st to fall and you're right the market environment is not as stable as it was a couple of years ago. still we made it and i think this shows that the potential of our company drayton is also seen might invest as we could make it also in such a little bit shaky environment and what next could it be more acquisitions or increase of stake in say navistar there's been a lot of speculation surrounding that. you know if you would have. been a project it's called today then it would be in the prospectus and there is nothing for we have at the moment no intention to increase any stake in whatever company we have established a so-called small publisher approach that means i'm not a big fan of buying a company you know it's not automatic success like we see it in
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a lot of industries it needs sometimes much more time to indie create them to work together as one team was all a small publish it approach was he no entries navy style by the way we are working on projects in that we can generate win win situation that will help them in the market and us in the market i spoke of for example wrists drive train components economical scales and them for them it's a very important part in the market participation so which this kind of combination we are very successful in we have at the moment no intention well you mention alliances but some would argue that you can just do this much as far as alliance is a concern you cannot really have you don't have much control over it as you've seen in the case of nissan and renault i don't. remember the last successful accusation as well so this is from my experience and i'm now 30 years in this industry a much better way to approach
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a resistor teaching partnership and then you know never knows how to how is developing and then you can make and find the right timing to do whatever you want to do. get the timing right and just before we go apple's longtime design chief jony ive is leaving the company he helped shape british form design a has been behind the look and feel love some of the tech giants most iconic for us over the hump of a couple full imax computers prohibit them from the 1990 s. also the ipod i phone and i pad apple says 5 is setting up his own company. good luck to it and lies in business with it.
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how can a country's economy grow and harmony with its people and the environment when there are duras to look at the bigger picture india a country that faces many challenges and those people are striving to create a sustainable future clever projects from europe and india. the 90 minutes on d w. the quiet melody rizzo's michael light of the mood. ready and in some really. resonate within its soul. the mind and the music. open 1st bond 2019
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from september 6th to september 29th. but when it. is you know i mean in your minutes in guiding us. up on with it that. goes oh no there's this indigo mia macy in us all up with all of our. vision again and what it that i'm waiting. ready this you know i mean mean your monotonous incline your. purpose on a moment tonight and. what i'm focused on is you know what i'm with what an organizer i've got is a term of. this you know i mean in your mind not a single you are getting in when you cry i don't want to. me number one unanimous. the show could go it's as if radio's had said. i should. put on i've only said but i caught a chronometer today frontin. going to point to conceive because as if to say i said
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. above. this is you know we news life for girl and hopes for cooperation among world leaders at the g. 20 summit u.s. president donald trump who reaches out to other new sions in osaka japan but with 40 issues from tree to the mideast all nice words and good will be enough to overcome differences also coming up standoff in the mediterranean a rescue ship with african migrants to find supporters to leave italian waters
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ellie's interior minister calls the captain an outlaw who faces arrest and expulsion.

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