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tv   Business  Deutsche Welle  September 13, 2019 12:30pm-12:46pm CEST

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where is home. when your family is scattered across the globe. to you to do is to. return back to the roots government of. the shah's family from somalia live around the world to someone on urgent assistance to. the family starts october any on d w a little bit of. a global market boost at a time of sluggish well growth the e.c.b. 5 is the starting gun for a new round of aggressive stimulus as investors excited but experts divided. as facebook gets ready to launch its own course the county friends want it all to lock the leader of the find out why for an expert. president play should deepens
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argentina's economic crisis demands growth for the government to declare a food about 6. and protest is attempt to shut down europe's biggest travel opt in for lampel i decline to assist me of 20 drugs. and it was all in the let's do business european shares they headed for their full week of gains the european central bank's decisions you don't get aggressive round of stimulus is easing investors' worries about a global slowdown stocks in asia followed european and american markets have reacted positively to the announcement saying and nikkei both ending up also helped by him the thor and us china trade relations the city president mario draghi declared a return to quantitative easing for an indefinite time period and the lowering of the main interest rate deep into negative territory. i asked africa correspondent susan if it's likely the european decision will have reputations on the other side
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of the atlantic. as early as next week the federal reserve is expected by many on the financial markets to cut interest rates again and it's very unlikely the the fed is doing this because of donald trump's tweet you know the u.s. president is constantly putting pressure on the fed to cut rates but the fed has the same reason that mario draghi mentioned in that sound bite you just played also in the united states the outlook for businesses has become more in secure inflation perspectives have weakened so the fed is inclined to do something by the way the u.s. budget deficit the deficit of the united states has just reached one trillion u.s. dollars again so off course mr trump once lower interest rates it allows the treasury to take on more debt and of course it reduces the borrowing costs for the
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united states there is a lot of resistance to what the e.c.b. did yesterday though and it's not just trump. no it's not just trump insiders of the e.c.b. are reporting about loud opposition being voiced in the e.c.b. council yesterday against the restart of quantitative easing the restart of the bond purchases with of course the german bundesbank our national reserve bank here in germany being the most prominent up opposition but. not the only one and for many reasons the fact that the fed that the central bank is now really introducing bond purchases means that obviously the set of instruments that the e.c.b. have has is limited it shows that the potential the ability of the e.c.b. to really influence the real economy is very limited and of course there's the
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classical into instrument giving a drug addict more of the drug doesn't make the addict healthier exactly. global growth for us in fact that. and france has just proposed a growth compact for the eurozone it follows these evey's call for governments to spend their way out of the economic slowdown france is also in the european union to create a common set of rules for crypto currency its french finance minister pull a man out wards paris could block facebook's planned cryptocurrency the libra he was speaking at no easy conference on virtual money that's underway in paris libor could turn the financial world on its head similar to bitcoin the digital money is based on block chain technology but critics warn the cryptocurrency and its value would not be controlled democratically but by facebook the tech company denies that it plans to back labor with a basket of real world currencies facebook says the so-called stable coin will have
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none of the volatility and danger of big losses associated with the digital coins a consortium of corporations a backing the brain clearing visa master cut also pay pal and to suspicions the world's finances could soon control global currencies facebook plans to begin filling digital wallets with libra you know the 2020 philip heads the book chain center of the frankfurt school of finance and management i asked him what's take with the libra facebook is trying to launch a crypto currency apparently facebook is also facing difficulties because of almost all the time protection issues and so on they have proper high primes so they have to do something that's fine. actually it's nothing else than repackaging existing currencies similarly like people would do with problems with one currency was and how often and therefore could be very honest sometimes i feel that these huge
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criticisms although there are media a little bit too much is it also too much to say the critic so currencies could undermine central banks like the e.c.b. and it's right decisions. in my mind this is not that directly possible because all place book and leap frog is trying to do is they are chasing her chasing existing currencies you know existing currencies and are repeating repackaging them for digital market and letting them run on a property based systems although there is no money newly generated on the internet it's just existing money being repackaged similary the like people is doing it for us now we are all these groups are charities we see it coming from the u.s. what will they reinforce the u.s. is financial dominance and the greenback. this is potentially possible i think is interesting for cross caught up in events are between individuals and companies and of course you know the u.s.
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dollar is number one part of the international trade i think this will remain like as foreign or quite a long time but for other people especially in the area of find financial inclusion it makes very much sense to think of one potential international money such as a lie project with additional currencies to allow people in remote areas often go out to you know try to buy financial exclusion to be integrated into the financial system you know it's it's up to 1700000000 of people who sometimes has the capability to transfer money and to store money and so on because they are excluded by the financial system and therefore i think i know to criticisms about my prime and to date of protection issues that's that's all true but a technology which potentially can improve the lives of 1.1.7000000000 people should be at least a. thank you very much for joining us. he. is
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just weeks away from a presidential election and protesters are demanding the government declare a food. spiking inflation is the even the nation's poorest struggling to feed themselves he doesn't use a 100 a bus your reports. 60 year old housewife. lives in a hut without running water in the city of science pena in the northern argentinean province of choco she has 11 children to live with her and there's also her 4 year old grandson benjamin he is recovering from severe malnutrition. and he said often it is very difficult to buy the things you need. she needs between 4 and 5 euros for their daily food needs she says the money comes from her children's allowance her daughter's disability pension and the wages her son earns whenever he can pick up work but there is often not enough money.
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and yes my son does odd jobs and gets paid in the afternoon sometimes we have money but sometimes we don't l. that brings a grandchild to the cone in the center for children's nutrition it provides help with food and medical care having a peralta heads the institute he says cases of malnutrition are getting more serious since the economic crisis. over the past year we've had 6 cases of severe malnutrition and about 15 moderate cases we already have a larger number of children with these diagnoses this year argentina's inflation rate is running at 55 percent and unemployment is high the poverty rate is now at 35 percent so the winner of the october presidential election will have to shoulder the burden of boosting the economy. airlines are battling a growing backlash against the impact of their industry on the environment climate change protesters taking to fight for the planet to the skies today they've been
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deploying drones to shut down europe's busiest travel airport or travel hub he throws airport police have made rests airport is fully operational. you could call it fighting fire with fire valerie linder a part of a climate activist group that planned to use their own flying machines to tackle what they see as the scourge of air travel earlier this week they set out their plan to guide their drones into the exclusion zone of europe's busiest airport just before is opened we tell the authorities an hour before we take the action and then once we have flown the train we then call the police we've got a hotline we call the place and we wait for to be case fully arrested basically with this footage posted online and the arrests of 2 men close to heathrow early friday morning suggest campaigners attempted to go through with their threat
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heathrow has been a particular target of activists because of plans to expand the airport supporters say a 3rd runway will prevent business is being stifled by a lack of capacity and increased tourism climate campaign is claiming to produce as much harmful carbon dioxide as the island of cyprus in terms of c o 2 that travel is the least environmentally friendly of the mainstream forms of transport the train carrying the average load of $150.00 passengers emits 14 grams of carbon per person per kilometer that compares with 42 grams per person for a car carrying 4 people or 68 grams per passenger for the average person but the average plane towards the mall emitting 285 grams of carbon per person per kilometer. valerie and linda that leaves us with a clear choice we either stop emitting carbon in the air well they're going to die we have to accept or we have to make huge sacrifices but when you have control of
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some control over your future. british police say they won't tolerate unlawful activity aimed at disrupting airlines and passengers including illegal drone flights but activists. with the will to stake they have to take a stand. and before we go british airways is gearing up for more industrial action the carrier has cancelled all its u.k. flights for september 27 when pundits will again strike in a long running roué of a paper on monday and tuesday be a face the 1st strike by its 100 year history. i see business with you.
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see these pictures of the famous naturalist and explorer. to celebrate comics on the front of the 250 in the morning on the floor of the discovery. expedition in boyd to the law.
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i'm not going to think out of the jam. just some time down but most end up with a couple of things even for german culture of looking at the stereotypes aquatics put in here think it's beautiful country but i'm not claiming. to take it as grandma there you go it's all about. fox news i'm rachel join me for me the gentleman from p.w. post. hello and welcome to news from the world of arts and culture i'm robert merrill and coming up on the show today my guest is the palestinian israeli pinterest and conductor. who is also the founder of the galilee chamber orchestra unique on song based in israel. and this weekend is the 250th anniversary of
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the birth of the great explorer alexander phone bombards we 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 or good luck unfortunately this 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
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and often disowning to strengthen its totalitarian state the swastika was the nazis most prominent logo a symbol of happiness.

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