tv Business Deutsche Welle September 18, 2019 5:15am-5:31am CEST
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you're watching news from berlin thank you get you can good go to g.w. dot com or follow us on twitter for all the latest news around the clock i'm tired dreamed up by. come along come some of the venture some of the famous naturalist and explorer. to celebrate click some go from the most 250. marking on the floor of the discovery. expedition onboard on the law. where is home. when your family is scattered across the globe.
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this is the book to. return to the group's mission government of the. shah's family from somalia live around the world to the money from me to urgent assistance to. the family starts october any on w. what's next for u.s. trade in the midst of a terrorist dispute with china president trump says a deal with the chinese government could be closed while announcing a fresh trade deal with japan. also on the show despite months of fun rest in hong kong brewing giant a being in bed prepares for an i.p.o. there that many consider a vote of confidence. and shoemakers in spain brace for bracks it s. exports to the united kingdom are already. it's time for business sunday
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w m how you don't hear us welcome to the program we begin with a series of announcements by the u.s. government that could shake up the country's commercial ties to asia u.s. president donald trump said a new accord with china could be reached soon and put an end to the ongoing trade war the u.s. and china are set to resume negotiations later this month u.s. stock markets briefly jumped on the announcement this comes as the trumpet ministration has also revealed a fresh trade agreement with japan where the specifics remain under lock and key both sides have confirmed that they are on the path to finalizing a trade agreement later this month. china's tech giant huawei has been one of the most frequently name to mention names when it comes to the trade dispute between china and the u.s. washington accuses the company of spying and has prohibited american companies like google to cooperate with it while huawei denies the allegations it has understood
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that it will have to make things work without u.s. partners this week while we will introduce its new smartphone and munich the 1st one without google android. once upon a time it was a company little known outside of china now while way is widely recognized as the tech giant on the frontlines of a dispute between the world's 2 largest economies consumers may see it primarily as a smartphone maker it's the 2nd largest in the world after samsung but within the telecommunications sector the company is known primarily for its prowess in 5 g. the next generation of super speedy highly reactive mobile networking. it's 5 g. technology that's raised the company's profile internationally 45 of the world's 50 biggest phone carriers use its network equipment but many countries most notably the united states don't trust walk away accusing us of being controlled by the
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chinese government and of using its technology for spying back in may this mistrust prompted washington to ban american companies including tech titans like google from operating with the firm the real impact that the us ban is going to have i think will be on the software side. can be a global smart foul. if it does not have access to the android operating system not because of the operating system itself but because of the amps that are in the operating system no one's going to spend money to buy a premium quality phone if it is it doesn't have you know maps you tube google play for the us has also made flyway increasingly determined to become more self-reliant last year it spent $15000000000.00 on research and development more than both apple and microsoft in august the company released a 5 g.'s smart phone that uses its own chips instead of versions made by qualcomm
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or intel. now the major advantage that we have as well which is that we make all the bits that go in there we have our own troops a manufacturer but makes all of the chips that go in each of these components we are not dependent on any other company on any other country to be able to produce all of this for a few equipment we can make it all ourselves we can make it all ourselves a poignant rallying cry from a company that finds itself in the middle of a trade spot that has seen the world's 2 biggest economies turn ever more towards protectionism. to. another major player but now in the beverage industry brewing giant bush in benefits preparing for its 2nd attempt to spin off its asian business in hong kong if successful the i.p.o. on wednesday could be the 2nd largest this year raising up to $6600000000.00 it
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could also be a positive sign for investors in hong kong after months of anti-government protests other companies like china have delayed public listings in hong kong i'm at the un . hong kong hasn't exactly been bubbling over with good news for investors as of late. but that may be about to change. the world's largest brewer a.b. imbeds wants to take its asian branch a p.c. public there. and the man overseeing the ideal was confident despite the turbulence of recent weeks yeah i mean theoretically of course it is possible that is a. market conditions but we are quite cold front's. interest is there but investors' confidence in hong kong has started to go flat trade volumes are down over fears recent protests could further escalate. but so far as business hasn't been affected. and sales of its core brands budweiser corona
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and becks remain solid. worldwide sales are also up 2 point one percent the highest mark in recent years. the broome ice or is it hope to raise around $5000000000.00 in the i.p.o. a sovereign wealth fund from singapore is reportedly looking to pick up around $1000000000.00 of the stock which could help put some fizz back into the hong kong market. oil has been on a roller coaster after last weekend's attacks on a saudi oil production facility sent prices to levels not seen in almost 30 years but there may be relief on the way saudi arabia's energy minister says his country's production numbers will be back up to priya tact levels by the end of the month meanwhile the price of brant crude relaxed for monday's highs it's down around 5 percent on tuesday to just over 65 dollars a barrel. we stay in the middle east but in an economically less powerful country 8
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years of civil war have crushed the syrian currency back and 2011 you paid 50 syrian pounds for one u.s. dollar today the official exchange rate is somewhere around $215.00 syrian pounds to a dollar but money is scarce pushing up prices on the black market to the crash against major currencies has made doing business in the war torn country a huge challenge surrounded by the scent of his spices mohammad's are koa is growing more desperate by the day he knows when he lies down to sleep in the evening that prices will have changed by the time he wakes up. in the variation of the exchange rate means that when i want to buy 50 kilograms of this or that product i lose 10 kilograms and i'm only able to buy 40 kilograms for the same price there's no stability so it's smart to wait a bit to buy it but if you wait your store slowly empties out. the syrian pound has
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also been hammered by the relentless years of war the sanctions in place against the assad regime and civilians transferring money out of the country on mass throughout the conflict on the black market a dollar now costs around $650.00 syrian pounds 13 times its price 8 years ago. the value of the dollar is increasing all the time prices change every hour so the customer who came yesterday and bought something at such and such a price can come back today and have to pay more for the same thing so everything is growing more expensive including necessities like food many syrians know who are dollars hoping to shield themselves if their pound falls even further. of a certain pound is not the only one following these days when all the british pound is falling too it's about 6 more weeks until the united kingdom is set to leave the
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european union this means big trouble for some key u.k. trading partners like ireland that's also a cause for concern for certain industries that depend on exports to the u.k. and spain for example shoemakers are hoping for the best but already expecting the worst. whoever hotfoot into this store in madrid probably isn't weighed down by money problems. a player after a collaborative effort among famous designers cost around $150.00 euros they're pretty popular among european customers as shoes made in spain tend to be. spanish footwear exports the you were worth close to 2000000000 euros last year. but the mean shoe game is about to get meaner. and medics if present the wrecks it presents a scenario of uncertainty for spanish footwear in 2018 the united kingdom was one
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of the main consumers of footwear made in spain but already in 29000 the exports to that country have reduced by 10 percent making the u.k. drop from the 4th to the 5th consumer position for spanish use in europe and it seems that trend is remaining that trend has meant no less than a 1000000 fewer players are spending shoes sold to british customers but the country's famous footwear manufacturers are trying to keep their foot in the door. of course we advise companies to assess the risks that wrecks it implies the consequences in customs such as the imposition of tariffs or to pay v.a. t. in advance also the consequences that they may be in the supply chain such as delays in deliveries and to anticipate storage and then the financial risks such as the devaluation of the pound and the consequences that may happen consumption but rather than simply waiting for the other shoe to drop the sector has made sure to enlarge its footprint in other markets stepping up exports to north america and
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asia. before we go a quick reminder of the top story we're following for you u.s. president donald trump has announced a trade deal with china could be reached soon u.s. markets briefly jumped on the new. avatar for this edition of the daily business thank you very much for watching remember you can always stay up to date with the latest business headlines on our web site that's d.w. dot com slash business or follow us on social media too next time take care of my.
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part of the class from housing boom boom town this is where. welcome to the 77 percent. this weekend d w. hello and welcome to a new edition of eco africa my name is decent of you and i'm coming to you from johannesburg and south africa if you want to find out to watch a book around terrorists have to do with climate crisis stay tuned and here's my lucky colleague in nigeria hello there via hello everybody yes sorry we're here are the live fossett talking in lagos nigeria.
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