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tv   Business  Deutsche Welle  August 22, 2019 8:30am-8:45am CEST

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out of the challenge for you all very enduring. fusion and fun. street food the 5 star restaurant tasty taipei starts september 1st d.w. . the braces caucus taking off german chancellor angela merkel is convinced an orderly departure from the e.u. can still be negotiated with britain that's what was said after a meeting with british prime minister boris johnson in berlin on wednesday but how can it be done. for the 1st german national aviation conference to discuss what the industry can do to help fight global warming. and iran is renaming its turn see cussing for zeroes. but will that help ordinary ordinary
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iranians struggling with the effects of international economic sanctions. this is the w. business in berlin welcomed when i met boris johnson the public focus was all on the brakes it back stop and political will but on the line that talks was the question void destroying one of the most important trading relationships in the world both merkel and johnson no germany is britain's most important trading partner in europe and the u.k. needs germany more than germany needs the u.k. with the threat of recession looming not does not want to see further pressure on the trading relationship tens of thousands of german jobs are reportedly at stake if there is a no deal breaks it. now let's bring in or this hopper he's with a german british chambre of commerce and joins us from london all is are you
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convinced like mackle that a deal can still be reached it will be still be reached but i think i get i'm out of that quite heavily she's all that into both conference call because she's actually said you know within 30 days something may well also go up to the u.k. to come up with a workable solution at that meeting remains to be seen but also gone through and it is able to come up with a solution for the backstop which satisfies the crowd and you union. or is supported in your own what would you reckon what happens on 31st of october do you believe all the horror scenarios that we. think some of the horse in our ears might well come true and nothing else for the likelihood of the sense that we have no geographics because it's by no means sure that if you can be reached and also it's not quite clear whether the british parliament can actually stop you know they're trying to do that and not get the ever that up for it and so this scenario that you
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know if you but if it can happen is my feeling then companies have to be prepared but it will be bottlenecks in the house in the polls and that might well be bones and the pile of fresh fruit and other super products medicines and so on so i think the farmers in our area should be taking field if you've been following the negotiations and all the turn strong for a while now what has changed since birth johnson is in power has anything changed. i think the position of the british government has hardened so all its government has not tried to sit in there all become very good if there were kids in the 1st place but it is the negotiation will become tougher for the liberal and more successful remains to be seen but i think there is a willingness to be in union on for both the focus of our horse stance and government and they are willing to at least out i think always have to be about the cost of any you know if you. but it's not really much or it might will start isn't
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it now it says that up to $100000.00 german jobs are on the line in case of a no deal bracks and as a lobby group for german business that you represent in london do you think you have done enough i think we've done whatever we could talk to the british government but they for the last 3 years they were not your partner themselves finding out the position are they want to 50 through the rest of the goetia of actually want which and they still haven't really made this clear future relationship will look like it's all off to work no to focus on the actual detail and that is a problem for the business but it was the british political establishment which had to sort itself out and they're still in this process of sorting themselves out so there's only so much we can do as a business organization vice government we can actually tell them of the consequences of nokia principle and what should really be done to support business
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grow and also to keep the trading relationship intact but they have listened to some extent but there's a lot at the political issue that they want to make that happen because after the for end result and they want to actually put this into action about this political problem what business going to need to have a limited influence over the top with the bridge chambre of commerce in london thank you. donald trump is known for his surprise announcements and he's made another one on wednesday just one day after saying he was considering cutting taxes again the u.s. president back pedal and said he'd keep them on current levels as the u.s. economy was going stronger on friday the federal reserve is expected to announce direction the central bank will take interest rates from low being fed chief room to come. let's bring in coma who's now financial correspondent from the stock is joins in frankfurt how of markets reacted to trump's flip flop on tax
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well the stock market in the united states gained significantly so i cannot say i'd say that there was a negative reaction you know those statements that trump made about potential tax cuts about potential cuts of the capital capital gains tax of the so-called payroll tax in the united states they were not perceived on the markets as immediate policy announcements they were rather ideas and test balloons by the u.s. president about how far he can go how father u.s. president can go in terms of changes to tax policies without consulting congress and for what it's worth trying to manage to make sure that the market knows that he wants to do everything he can to support the economy. it's one of those that frankly thank you. the environmental impact of aviation is
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significant and many scientists say those acts the missions need to be reduced fast to help climate change german chancellor angela merkel told the national aviation conference in the city of lights that she wants germany to become a world leader in hydrogen powered aviation technology that is. experimental stage and probably decades away from commercial use the green opposition party demands higher taxes of course and industry wants to go on as usual. the heavy hitters from the german government arrive by helicopter that had more to do with speed than the environment but the environment was the order of the day and leipsic anglo-american made it clear that climate friendly aviation can be a competitive advantage and here you know if we invest in new technologies in focus on modern aircraft with low noise levels and low emission engines the aviation industry can accept it and demand in competitiveness can be security that.
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one policy the german government wants to promote is the use of hydrogen powered aircraft the opposition green party is calling for higher taxes on jet fuel but the industry sees threats to its competitiveness. as of year it's important that the german aviation industry can compete and therefore we say we need internationally agreed aviation policy not national unilateralists. the german transport minister opposes any new taxes but he is considering raising the existing aviation tax. i agree with the aviation industry that we can talk about adjusting the levy which means we could use the extra revenue to invest in new technologies. look even. the government wants conferences like this one to take place regularly in the future the next one is set for 2021. now to some of the other business stories making headlines today ryanair is hit by strikes all over europe london court rejected
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a bid to block a 2 day strike buys u.k. based pilots they are walking out over pay and benefits beginning thursday budget carious portugal based cabin crew launched a strike on wednesday what it has granted run an injunction to prevent its irish pilots from going on strike. the international space station is open for business during a 6 hour space walk to u.s. astronauts of both a docking port for commercial spacecraft international docking a doctor will follow the likes of will allow the likes of space x. and boeing to send crews to the i s s with that crew dragon and stalin mr 60 you know. rance president hassan rouhani wants to delete 4 zeros from the national currency the rio and also rename it in future will be called toll man that's is story name the iranian currency was called to man until 1925 the
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proposals part of a plan to curb the rapidly rising cost of living but experts are skeptical that the move will really change anything. tomatoes lettuce peppers many iranians can hardly afford even basic vegetables the country spiraling inflation means prices are rising faster than incomes the inflation rate is now nearly 40 percent the many zeroes on the banknotes are deceptive the national currency the reality is hardly worth anything one u.s. dollar is worth around $116500.00 reales 4 years ago when the now terminated nuclear treaty with the west was signed the dollar was worth 32000 reales most iranians view the president's plan to eliminate 4 zeroes from the currency to lower the cost of living as a deceptive move. i guess if i say nothing will change by knocking off zeros from
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the currency nothing will change by reviving coins in transactions. you switch to shit nothing will change by lowering the price of dollars. we saw that he even when the dollar price decreased prices did not declines this point. and that money and. this move can psychologically affect the lower class people because they might feel that the value of their money has shrunk that this is a good place that's the psychological impact in my opinion but it won't adversely affect the economy in fact the current situation will remain unchanged you know. better than i expected it to. filling with the currency won't solve iran's economic woes since the u.s. impose new sanctions on iran the country's economy has been in the doldrums and iran's bloated bureaucracy is not helping private companies to create jobs but jobs are urgently needed unemployment is hovering at around 12 percent and almost
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a quarter of young people are out of work the u.s. sanctions have discouraged almost all foreign investment further we. person in the situation especially for ordinary iranians. and that's me in the business scene here and berlin for more business news features and analysis check out our comprehensive website. slash business and make sure you follow us on social media on facebook twitter said to now from the culture of south next right after a quick roundup of global markets at this hour let's watch. s.o.s.
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europe the european. crisis. if it's to have a future it will meet champions young champions. for activists for the country. do they stand a chance. save the european idea. oh
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my god i'm new to stand up for european values and contribute to some. important that she a. future of europe starts september 2nd on d w. the sounds book festival in australia where top class musicians actors and directors from all over the world come together for 5 weeks of fabulous production . off. hello and welcome to news from the world about some culture we'll have more from the south pole festival in just a moment and. how being more german can help you improve your love life
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i enjoyed nightlife on a series for me to just. pull out the sounds folk festival is one of the most prestigious music festivals in the world founded nearly 100 years ago by amongst others the great composer trials it has strived every year to maintain the highest standards of operatic and theatrical productions on concert performances my colleague melissa holroyd will be telling us more in a minute but 1st a look at some of the operatic highlights this year. what does reveal sounds like may day out is the ancient greek story of the mother driven to kill her children and to.

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