tv Business Deutsche Welle August 27, 2019 8:30am-8:45am CEST
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i am a challenge for you all to reach him and the really good food confusion and fun. from street food the 5 star restaurant tasting taipei starts september 1st on d w 5. could a u.s. u.k. trade deal help offset the economic damage of a no deal bricks it british prime minister boris johnson thinks so but from the u.s. congress there are strong voices of concern we tell you why. and also coming up the drug maker johnson and johnson find over its role in the opioid epidemic in the united states. welcome to the business a mortgage ensemble and good to have you with us now the g.
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7 summit in beirut is ended and there were some surprises there including u.s. president on a trump sharing a fun press conference with german chancellor angela merkel and talks of a possible u.s. u.k. trade deal now one that could help offset the economic damage of a no deal breaks it at least that is what british prime minister boris johnson has been touting lately but not so fast the u.s. congress has a say on every trade deal and many congress members fear that a no deal breaks it would return you controls to the irish border undermining the 998 good friday peace agreement which ended 30 years of violence between the 2 sides the top democrat nancy pelosi says that the trade deal has quote no chance whatsoever with a border congressman richard neal is a co-chair of the friends of ireland caucus which counts $54.00 congress members and he's no fan either and there is also top republican peter king an ally of
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president on a trump and he called talks of a deal a needless provocation so there is strong bipartisan support in congress for the good friday agreement and to learn a little bit more about this possible dilemma i'm joined by office i live in from t.w. business good to have you here with us other i know that you really. looked into this entire story do you think that the good friday agreement could least in the way of a u.s. u.k. trade deal yet well yes monica i certainly think it could stand in the way i suppose a little bit of history as a starting point so there's a very strong history of strong relations between art in america and particularly in the political dimension there's a very strong irish american lobby group political caucus that dates back more than a century and at various stages virus history it's been very influential but for the purposes of our discussion where it's really important is in the crafting of what you mentioned just now the good friday agreement so the clinton administration
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were absolutely critical and very important piece to have been struck and as a result of that there is a deep understanding within large sections of the u.s. congress of how important the good friday agreement is in ireland and also how important the irish border and keeping the border open is to maintaining the peace agreement so the reason why it could as you say stand in the way of a possible u.k. u.s. free trade deal is simply because they've said it several u.s. politicians have said it heard most senior u.s. politician on suppose he has said it several times this year back in april she visited the irish border she went to the city of derry and she spoke an absolutely unambiguous terms and said that if there is any disruption whatsoever to the current border situation in art and as a result of a chaotic nodia bragg's or any form of bragg's it which would change those arrangements she said there is no chance whatsoever and then on top of that you have to look at other areas of u.s. political life so what you mentioned the friends of fire and caucus that's led by some very influential u.s.
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politicians richard neal who you mentioned on a very important point and richard neal richard name is the head of the u.s. house ways and means committee know the house ways and means committee has a direct say and trade deals they can block ideas and before it even gets to the senate they have to look at it and scrutinize it they have the 1st port of call and that sort of speak i said they could be an awful lot of hurdles coming in the way of a u.s. u.k. trade deal but there is. a possible solution that is called the backstop which is part of the historic agreement that boris johnson and the government in london is turning down why well i suppose it's 1st of all important say that it's not everyone in britain who's against the backstop but i mean bars johnson himself voted for the most recent version of the withdrawal agreement which included the backstop but there is consistent opposition within britain to the back stuff and to put it simply the reason they oppose it is some of the more ardent bragg's appears believe that the backstop could keep britain indefinitely in legal limbo with the e.u. so as the backstop is currently phrased it would keep the whole of the u.k.
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in a customs union with the rest of the e.u. until a solution has been agreed which would would change the arrangements the would maintain their engine the underspend london isn't so keen on that so right now the u.k. this it's between a rock and a hard talk about boris johnson because he also said that his government might not pay the so-called divorce bill at least not in full if britain was to leave you without a deal the european commission however points out that a failure to pay could hamper future trade negotiations that listen and. all commitments that were taken by the 28 member states should be on earth and this is also an especially true in an odious scenario where the united kingdom would be expected to continue to honor all commitments made during a u. membership rather than going now into a judicial action threat i think. that it is important to make clear that settling accounts is essential to starting off a new relationship on the right foot based on mutual trust and i would also say
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that as far as i understand this issue has not been raised with the e.u. side for the time being officially. now either you commission there on the possibility that the u.k. does not pay the divorce bill let's bring in our financial market correspondent ashutosh pandey on this why not paying your bills doesn't go down well with anyone how much money are we talking about and what would it mean for the e.u. . well monica it's a 39000000000 pounds that both sides of agreed to a 43000000000 euros this is largely the money that you get the rules of coming financial commitments that it has made as far as the budget is concerned future projects that concern even pension for stuff pensions are concerned so that's a payment that both sides have actually agreed upon now as far as the you use the. ability to compensate for this loss is concerned it certainly can i mean i at the
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end of the day 39000000000 pounds is a huge amount of money but not enough to cripple the economy it will have to cut some funding for long term projects or call on the richer members to actually bridge the gap but the bigger loss would be actually the loss of trust with the trading partner you're right i should just thank you so much last question to author there so the u.k. runs the risk of losing a friend what what other implications could there be for the united kingdom well the really big implication is the one that ashutosh just touched on so in the event of the not paying the bill which to use as their existing commitments it would jeopardize the prospects of future trade deal with the e.u. because the e.u. of said if they don't pay that bill we're not talking about trade that the u.k. can talk all it wants about doing a trade deal with the u.s. but the fact remains its biggest trading partner is the rest of the e.u. so if there's no trade deal with the rest of the e.u. and that would seriously hamper the u.k. economy and then the other point is what would this do to the u.k. as goodwill on the international stage if they don't pay existing bills why should
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other countries get involved and trade deals or the negotiations because it would damage their standing which at the moment is still quite high despite everything that's happened with bags it right off a solid in there from d w business thank you so much for your insides there and also big thank you to day in france it. now the pharmaceuticals firm johnson and johnson has been ordered by a us courts to pay more than half a $1000000000.00 over its role in fuel in an opiate addiction crisis it's the 1st case to go to trial out of thousands of lawsuits filed against the drug makers and distributors the judge in oklahoma said the money would help the state to deal with decades of fallout from the problem. he's probably i mean it boxes son austin is one of $6000.00 oklahomans believed to have died from an opioid overdose since the start of the millennium a promising american footballer he died in his prime. austin was
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living a nightmare the nightmare at prescription drug abuse now the 1st of thousands of lawsuits aimed at holding manufacturers and distributors to account has made it through trial cleveland county district judge that borkman have said prosecutors have proven johnson and johnson to create a public nuisance that would take decades to repair the loans today judge walker has affirmed our position that johnson and johnson motivated by greed and avarice is responsible for the opioid epidemic in our spirit. johnson and johnson will formally be held accountable for thousands of deaths and addiction caused by their activities. the company was accused of flooding the market with painkillers and deceptively marketing them denies wrongdoing saying its sales claims were backed by science it plans to appeal against the oklahoma court's decision. we have
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sympathy. for all who suffer. from substance of the use. but johnson and johnson. did not cause the opioid abuse crisis here in oklahoma. or anywhere in this country. for many more claimants disagree with the company with 2000 planning to go to court in ohio later this year. over $2000000.00 australian homes rooftop solar panels some are concerned that old disused tunnels might end up in landfills experts say there could be a huge amount of it in years to come. usually jeremy hunt is installing new panels around town in darwin australia but in this case he's just removed the old ones which had stopped working now it's time to recycle them something that's not as
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easy as it sounds the element of friends are going to ask it bin and the metal can be recycled and that just leaves then the glass from the backseat with the cells to go to the landfill but it's not go to it's it's not what the industry wants that's the short term there is no accurate data on how much trash the solar industry is generating and since most panels were installed in the past decade there's no time to waste these panels last 152025 years so the problem is coming at the moment there are no national laws regulating so the waste but the experts in australia are starting to develop the much needed plans maybe the regulation needs to require that there is a cost component in that new panel that is for the collection and there are a cycling at the end of those panels at the end of a lot solar installer jeremy hunt wants something done before his business gets a bad name for the waste it produces in the meantime he's turning
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a few retired solar panels into something useful tables. set in and p.s. one of the most powerful men in the automotive industry has died at age 82 he has started his career as his us out of company porsche before taking over transforming our d. and a to focus latin was praised for reviving the company's fortunes attorney get into the world's biggest economy. that's a business update event e.w. for me in the team thanks for keeping us company.
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i'm skilled at the war that's hard and in the end it's a me your not a lot of the year and more who was injured that. are you familiar with this. with the smugglers were alliance of the what's your story ready. i'm with i was a women especially in victims of violence. take part and send us your story we are
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trying in all ways to understand this new culture. another very little. you want to become a citizen. in for migrants your platform for reliable information. hello and welcome the news from the world of arts and culture young film director stefan here pat is my guest his documentary congo calling has just won a prize for up and coming filmmakers. in our series a 100 german must reads a novel entitled simply. insane. tourist guide planted girl in investigate street food from venezuela here in the.
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congo coaling is a documentary film by director stefan him pat and it's just one of top prize at a film festival here in germany for new filmmakers it follows the law eaves and experiences of 3 different aid workers from europe in the democratic republic of congo and in a part of the country which is one of the poorest the most in secure regions in the world i'll talk to the director to help out after this. goma a city in the east of congo. you just gave. up then. i'm up. goma has a population of 2000003 quarters.
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