tv Business Deutsche Welle September 13, 2019 1:30am-1:46am CEST
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she could have been the people for over much in home the force and because you. miss the men that we came up with i missed the boat on this. and the that the last dragons this one as you called. mario draghi departs with a bang the president of the european central bank announcing another stimulus package right before the end of his tenure also coming up germany's flagship car show faces an existential crisis perhaps this was the last time a sitting chancellor open to frankfurt and china has been a look at of markets for american gin saying but the trade conflict between washington and beijing is hurting business. i'm chris cobra in berlin welcome to
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the program and this final european central bank policy meeting outgoing president mario draghi pledged indefinite stimulus to revive a flagging euro zone economy among the measures the introduction of a bond buying program and another cut in interest rates pushing borrowing costs further into negative territory the move is part of efforts to get weak inflation to rise to just under 2 percent the level experts believe reflects the right amount of momentum in an economy that's the druggy hands over to former i.m.f. chief christine lagarde of the end of october you will go down as the man rescued the euro the z b is ready to do whatever it takes to preserve the euro. those were the words to try and convince global financial markets that the eurozone common currency is here to stay. druggy then began doing whatever it took to get the ailing euro on the road to recovery after it came close to collapse in
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the wake of the greek debt crisis. as italy's former central bank chief took over the e.c.b. in november 20th 11 economists and the media were skeptical the global financial crisis was still reverberating through markets and the euro zone member greece was close to economic collapse but turkey didn't hesitate he set about encouraging lending within the eurozone with a string of rate cuts in march 26th seen they reached a historic low of 0 percent he's even handing on negative interest rates to his successor christine legarde something once considered thinkable the e.c.b. also bought 2.6 trillion euros of sovereign bonds from financially weaken member states and later private company bonds the cash injection saw the eurozone economy pick up speed again and unemployment reseed critics say asset purchases are a form of borrowing against future generations but doing whatever it takes to put
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an end to the eurozone crisis and also put a swift end to speculative financial market bets against the euro aimed at causing its collapse. was over to wall street now and our correspondent court against the people there think the decision is the right one in order to deal with these largely outside factors that are hampering. yeah interest rates in the euro already had been negative now they are bid to more negative yes that's the big debate over here if that's really going to work of a trick to get the european economy going once again but also this very aggressive step to relaunch a bond buying program that was a bit of a surprise who knows if that's really going to help but one of the factors why all those negative rates have not really increased i'm grown so much is that
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companies for example do not necessarily use the cheap money to invest but to buy back their own stocks for example. thanks for now but do stay right there because these are these move has sparked fury in the white house president trump tweeting they are trying and succeeding in depreciating the euro against the very strong dollar hurty u.s. exports and the fed sits and sits and says they get paid to borrow money while we are paying interest yes back to you on wall street the fed has to decide on its monetary policy next week a cut in interest rates is very likely thanks to mr trump's interventions or what exactly is assessed well officially nobody says that the federal reserve has reacting to the harsh words from u.s. president donald trump amid all by the way on wednesday he did call the members of the federal reserve a bonehead but it seems to be
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a certainty that interest rates will be cut next week when stay very likely by 25 basis points we see hardly any inflation here in the united states and we do see some signs of economic growth especially in the manufacturing area and that's why the probability is basically at 100 percent that the fed is going to cut rates 2 and scored in new york thank you. u.s. soybean farmers are among those hardest hit by the u.s. china trade war as china is imposing have to retaliate or terrorists on their products among those profiting from the ongoing dispute are soybean farmers and crushers in argentina for the 1st time in decades they'll soon be allowed to export to china. while china has been the top buyer of rawdon time soybeans it has long resisted opening up to saudi meal in tinian industry insiders say the u.s. china trade war help make argentine saw in me like sports more alluring as beijing
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diversify as it supplies and lets washington know it has other options. and uses it and seen as the largest exporter of soul in the world and china is the largest consumer of the signing of this protocol establishes a solid and legal basis for the conversion of these 2 huge markets i hope the 1st shipment of argentine soil to china will come shortly. the pact came faster than many expected and it means argentina could export 31000000 tons of soy milk from this year's late harvest though the amount china will take still depends on demand linked to swine flu currently hitting the country's hold her. to germany and it's been a long way from the 8 car exhibit in berlin back and 1897 to the frankfurt motor show today one of the most important auto industry events in the world germany has
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lagged america has officially opened this year's show themed driving tomorrow and indeed it does showcase all the shiny visions of next generation mobility but for germany's carmakers there's plenty of reason to doubt that future you double used your knowledge in milan reports from frankfurt. outside the grounds of the frankfurt motor show protesters carry signs calling for the band of the so and petrol engines they're criticizing the car industry for their role in the climate crisis inside german chancellor angela merkel opened the show with a reminder to car makers of the cost of past mistakes specifically the emissions sheeting scandal that saw an entire industry sell cars they said were less polluting than they actually were. the problem of illegal defeat devices the one that led to a loss of trust weighs heavily on midst a period of great change. therefore it's only bright and important for the sector to show it can be relied upon. that's why the cars shown to her in her traditional
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walkabout focus heavily on low emissions technology like electro ability. but this giant multi-billion euro push into the future may be too little too late and the showcase of it obsolete. this could be the last time a sitting chancellor opens the frankfurt motor show at least in its current form the show is experiencing an existential crisis akin to the one the auto industry itself is facing automakers are called upon to justify their place in the world amid ever worsening environmental crises i made souring public opinion at a time where the economies of their key markets are spidering like say china or incidentally like germany bad news for a sector that produces the country's most lucrative export and employs more than 800000 people and these gleaming new offerings of germany's prized industry may find their way into fewer and fewer garages further slowing down
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a change of course for carmakers. and some of the other business stories making the news online search engine google says it has agreed to pay nearly $1000000000.00 euros to settle litigation with french tax authorities. prosecutors were looking into whether google redirect profits from the french market to ireland or taxes a lower. us all barren and corporate raider t. boone pickens has died aged 91 he was known for his willingness to take on big corporations particularly and their moments of weakness originally made his fortune in oil the company he founded petroleum. now let's talk about a mere rock hyllus planned one that's touted as something to improve brain function and boost the immune system ginseng has been used in chinese medicine for thousands of years and since the 18th century much of the gene saying on asian markets has actually been grown on u.s.
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soil which makes it you guessed it another commodity caught up in the bitter u.s. china trade war. the rich soil of marathon county in the u.s. state of wisconsin is perfect for growing the medicinal plant gin saying china has been a lucrative market for american gin saying but jin singh is one of the agricultural products subjected to tariffs in the ongoing trade war between washington and beijing the result a 20 percent drop in sales to china farmers fear for their livelihoods they can't react quickly to market changes because ginseng takes up to 5 years to grow and harvest a particular percent of qualcomm last year. on the market and we have a new crop coming up in about 4 to 6 weeks so it's a has been a hard time for jones and farmers here around 2 thirds of the wisconsin genting crop is exported to mainland china jungmann tal started farming ginseng here 9
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years ago but the ongoing trade war is hurting he's trying to stay positive by taking the long view or present more what has always been the bring the bears from wisconsin or us for trial there are more also there are spies upin. and according to some ancient chinese texts he carps one of the symptoms that jin singh can help to alleviate. and that wraps up our program for more you can always visit . business or check out our social media feeds for now thanks for watching and have yourself a success. her
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home to us of species. worth saving and. giving those are big changes and most start with small steps to. tell stories of creative people and innovative projects around the world. by going to return to screen image zoom in. shots and reforestation. interactive content teaching the next generation of the mental potential. using channels available to people to take action and were determined to build something here for the next generation gloomily as the environment series of global 3000 on t.w. and online. where is home. with your family scattered across the globe. it's
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a good. journey back to the roots of much the. shah's family from somalia live around the world. don't needed urgent assistance of . the family starts october any on d w. hello and welcome to news from the world about some culture meryl i'm coming up on the show today. my guest is the palestinian israeli pin ist in conduct as a scholar who is also the founder of the galilee chamber orchestra a unique on sawmill based in israel. and this weekend is the 250th anniversary of the birth of the great explorer out of the phone bombards we
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have a special program about him coming up soon on g w. we begin today though with a quite unique exhibition in the netherlands one which is understandably causing a lot of controversy a museum in them bosch is looking at design from the 3rd dariush of course the most famous symbol was the swastika originally an ancient asian religious icon used as a symbol of divinity all good luck unfortunately the symbolism was ruined by the nazis what this exhibition shows is how important 3rd reich design was in promoting its evil philosophy. national socialism a murderous ideology a machine of war and a brand the nazi party was keenly aware of its public image and used architecture and often disowning to strengthen its totalitarian state the swastika was the nazis most prominent logo a sim.
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