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tv   Business  Deutsche Welle  August 29, 2019 3:02am-3:15am CEST

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boris johnson goes rogue the british prime minister it receives the queen's blessing to suspend parliament making any chaotic you know deal breaks it much more likely it will bring you the latest on a tumultuous day in the u.k. also coming up a good barbecue is part of argentina's national identity but with the peso plunging we'll show you to which lengths arjun times will go to have some solid beef from the group and new ideas driving electric mobility into the past. i'm chris cuomo welcome to the program on a day when a no deal brags it has become much more likely prime minister boris johnson will suspend parliament in the run up to his october 31st breaks a deadline he even got her majesty the queen is approval the move gives his political opponents even less time to block a potentially chaotic withdrawal from the european union. maybe it's
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a bluff but the consequences are already quite real boris johnson wants the e.u. to take a no deal breaks seriously forcing the bloc back to the negotiating table but with every lurch toward his october 31st deadline the pound has reacted it slid steadily against the dollar leading up to johnson's election as conservative party leader it fell after his meeting with german chancellor angela merkel failed to produce a breakthrough and then today a slide of more than one percent before recovering some losses. there have been fleeting gains here and there but at about a $1.22 the pound is muddling around lows last seen more than 2 years ago and it could get worse analysts polled by bloomberg predict a node that could dump the currency to a 34 year low of a $1.10. driving those forecasts is the sheer lack of uncertainty over what a no deal would bring coming out do you have any sort of agreement it's
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a leap into the unknown it's going to stall to happen before so they would want some sort of formal cream and some sort of trade relationship to continue the current currency slide is already hitting businesses meanwhile including airlines like british airways which pay for their fuel in dollars as well as u.k. retailers who pay for their stock in dollars and there are winners we currency favors x. porters and tourism to the u.k. could also rise if occasion or find the country more affordable a silver lining perhaps to unpredictable times. the card is taking not only in britain but also in the united states on sunday the u.s. will impose an additional 5 percent tariff on a list of $300000000000.00 worth of chinese imports now more than $200.00 footwear make marketers and retailers including major brands such as nike and foot locker say these new levies would be a job killer in a letter to u.s.
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president paul trump but they pleaded for them to be removed. i was being an amen on wall street scored against the u.s. footwear industry is pushing for a last minute change of heart by the president thomas moore. it's not just the footwear company it's all a coalition of more than $160.00 companies footwear companies like us for example among them and they're trying to play the u.s. president to donald trump to at least to delay the terrorists all that we won't to jeopardize the upcoming holiday shopping season if i got that correctly so far the white house does not seem to be willing to really do this deal a but then again everything seems possible but the clock certainly is ticking and as we know right now we probably will see at least i'm some more terror of being imposed by this upcoming weekend now despite these looming terrorists wall street
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was quite upbeat on wednesday how come well that is the big question and to traders see on the floor of the new york stock exchange are a bit puzzled because we did get some clear warning sides of a possible cooling of the u.s. economy especially if you look at the bond markets the yield of the 10 year treasury dropped to the lowest level in history standing below 2 percent just to have a comparison last year in november the yield of the 30 year bond actually stood at almost 3.5 percent and if you have so much pressure on the yield to that is seen as a warning sign that at least some investors are worried about a cooling of the u.s. economy even if we do not see any real sign right now that we could face a recession any time soon but what we do see is big swings in the markets to the downside or to the upside as we have seen it here on wednesday and big swings are
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usually that there is some easiness still some uncertainty in the market and scored on wall street thank you. people in argentina have protested the country's a worsening economic crisis during what they called a national working day of struggle and when i say this hundreds of demonstrators cut off the capital's main transit audrie voicing their anger over galloping prices and the devaluation of the peso the overall turn for the worse also means that one particular aspect of argentina's national identity as come under threat. argentina is well known for its beef one of its leading exports but prices are increasing and many argentineans can barely afford steak and cattle farmers have to contend with a sharp drop in the pesos value. a dollar rose by 20 percent more or less with
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meat rising by 18 percent we can't raise prices for the customers by more than 10 percent so that's when you notice there's an economic problem. for many argentinians eating beef is a birthright not a luxury but the countries in the midst of a recession the weakening peso is making life difficult for those with low incomes almost are going to eat much less beef because unfortunately we can't afford it and we've got to get used to that. there's speculation the peso will continue to weaken and some shops will raise prices others will keep prices steady to survive but let's hope they don't go up too much. cattle farmers hope that the currency crisis is only temporary and are putting off the sell their cattle to slaughter houses as long as possible now that reduction in supply is pushing prices higher. and not to some of the other global business stories making news apple is changing
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the way it improves its siri digital assistant after it was discovered apple and other companies used human monitors to review audio recordings apple now says the system will not be activated by default. that employees instead of contractors would be reviewing human interaction with. china plans to install $50005.00 g. base stations by the end of the year and was made at the smart china expo transmitters will be installed in $56.00 bedridden british travel group thomas cook has agreed to a $1000000000.00 rescue it will be carved up between chinese investor from sun and lenders but the bailout is bad for the tour operators shareholders their stock will effectively be wiped out and yahoo is ending the sale of ivory on its auction website in japan the company has been under pressure from environmentalists who had previously denied online sales were contribution to the ivory market.
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turning streetlights into charging points for electric cars masts inner city charging stations powered by the sun and giant battery storage facilities just a few german ideas that are powering the future of electric mobility altec near finished. when the battery of alexa teel is electric car needs charging she goes to the old gas light outside her company start up you tricity it has converted it into a charging station it's purpose built smart charger cable includes an electricity meter and a simca it's part of germany's clean air project which supports ideas for a lecture mobility in 90 german towns with the worst emissions. in the projects that were selected were focused on quickly making electrum ability available in cities especially in the suburbs in order to then publish research on the f.x. their activities have had it on
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a city's climate. that's a subject which is caught the attention of these chinese students from beijing they suffer under appalling smaug back home so china is pushing hard to expand electrum ability. and. it's also. thing china. has being placates in china so side take. and suchlike charge. we also have a. difference between ending i think. this way. you beatrice's he is only one of the $150.00 companies at the berlin campus of european energy for him also called europe which are involved
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in electronic delivery and sustainable energy it includes germany's largest electro charging station it offers over 150 charging points their electricity comes directly from the station solar panel roof and these are used batteries from electric cars already is using them to build a joint storage facility with a 1.9 megawatt capacity your if same is to boost both the energy transition and electrum ability street sweeping is also being electrified. and it's being done autonomously. electro mobility is not just about cars there are also shuttles commercial vehicles even buses but there's also micro mobility ride sharing and so on all of these things are being considered here together and that's a thing that primarily happens at your f. as far as i know that's why we have such a high international profile but these ideas aren't meant to be confined to campuses give a tricity is busy converting
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a feller's and street lights into charging stations just like they've already done in the british capital london. that's a shot thanks for watching. thank
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you bruce and you're a it's most fascinating and it's most exclusive coots most creative can claim truly do taste of innovation really charming. thank you. elizabeth. thank you. on the w. . from you in the book you are no one on t.v. or on cue thank you so much. exposing injustice global news that matters joe cool for mines. the quiet melody resilience among the light of the.
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resonate with. the mind. and amusingly. tovan 1st on 2019 from september 6th to september 29th. a protest against a prescription painkiller that triggered a wave of addiction in the usa oxy cotton. it's a synthetic opiate with an effect similar to heroin which has been prescribed to millions of americans.

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