tv Business Deutsche Welle September 24, 2019 12:30pm-12:46pm CEST
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the fall of the berlin wall began long before november 989. revisit the heroes of eastern europe. we took to lose began the struggle for freedom and those who showed personal courage. in the fall of the wall didn't surprise me usually. does it change the course of history. raising the iron curtain start september 30th on t.w. . count germany's economy breathe a sigh of relief after months of downbeat sentiment german industry is suddenly more upbeat and confident that a recession might not be closer and after all. the shoulders of fuel in cuba leads to some drastic choices when it comes to getting around on the communist
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island. and kenya goes green at least when it comes to take that is as the world's largest exporter of black tea looks to more profitable types to improve its fortunes. this is the business as in berlin welcome german business confidence was more upbeat than expected in september the much awaited for business climate index beat analysts forecasts but the overall mood on europe's biggest economy remains. germany's economy is holding up the tempest efore index came in at $94.00 that's higher than last month's but it's not enough to dismiss growing recession fears the forward looking expectations index was lower than expected and purchasing managers' data shows german private sector activity shrank for the 1st time in 6 and a half years. now for more on that let's us 1st is the president of the evil
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institute about this index one of the reasons that the $9000.00 managers in germany you are less pessimistic about the outlook than there were last month. yes a little less pessimistic we have a divided economy and the optimism this time comes a stir from the construction sector and from services unfortunately manufacturing which is so important for the economy a manufacturing a stillbirth saw the slump continues overall we have a divided economy but there is a bit more optimism in the last month or so it's not all hunky dory then is it. yes the continuing slump in manufacturing is a reason for concern because this is a key sector of how the german economy and we've seen in the last month that this weakness easily spreads are to other sectors we still see a weakness in industry related services so it would be very important that the
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manufacturing sector manages to stabilize and we're not there yet so that's why we have said the downturn takes a breather or but it hasn't gone away the latest climate package from the german government is that already priced in if you will. it i wouldn't say it's priced in because this is information that has come in over the last weeks i'm not sure it will make a big difference in the short term maybe it will take away some uncertainty about future energy policies that would be helpful because especially for manufacturing it is important to understand what with energy prices will be in the future apart from that a lot will depend on how reliable these conditions will be and whether companies trust that these what's been announced now will be stable for the coming years i think in the short term the impact is limited you see the impact is limited though but if you look at the climate package that the government has come up with do you
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think it is more likely to hinder economic growth or will it bring new chances. well it will certainly bring new opportunities there is a lot happens in the transformation of the economy towards a less carbon intensive economy there are initiatives in many areas battery production and other things at the same time but the question is will private households were companies the trusts their what's been announced now is really reliable because only if they trust these arrangements if they trust they will be there for many years and not changed by the next government only then will they they invest i think that's a key question but there are some stimulus measures there are in more investment in some types of infrastructure in particular a rail infrastructure a public transport this is to meet us that is coming. but it will take some time
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before it becomes clear as was the president before in situ thank you very much thank you and for market reactions on those latest figures let's go straight to our financial correspondent in frankfurt. how did these figures go down on the markets. well it didn't really move the. dax if you will but the euro took a little tumble it went down dipped down under one euro 10 when the news came but you know the people in the market are seeing these results and they're saying there's not really all that much of a change in what we're expecting the german economy to do maybe. which is sliding into recession and when you look at comments from other people we just heard what the president himself has said they're sounding quite pessimistic for the german economy one guy who's the chief economist divine g germany here said that this is
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a breather but no relief if you look at german macro economic news you see a series of horrific news and other people from union investment say for example that it's a confirmation of industry slipping deeper into recession another major topic that's going to develop throughout the day and possibly the week is news that prosecutors here in germany have indicted they've charged w. executives for market manipulation that is not informing the market in time of diesel gate of the charges being brought there and possible consequences in effect that not only the former c.e.o. much invent a con but also the chairman of the supervisory board approach and the current c.e.o. about these early ballots and fined for thank you. cuba
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is running out of fuel queues that petrol stations stretch for hours as drive as hopeful future leaders of gasoline or diesel the communist island has long depended on venezuela for its fuel supplies but now the economic chaos in its socialist ally on top of u.s. sanctions is adding to cuba's woes. the morning commute in cuba's growing heartland for students and plantation workers alike these are desperate times horse drawn carriages have replaced public transport made an acute view shortage that has crippled the economy. but provided opportunities for others. and. animal drawn transportation with the situation we're in with the blockade that the country has on it solves a lot of problems and the situation. and this is why a seemingly never ending line reveals the extent of the islands was there the long
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wait to fell on us sanctions are beginning to bite here cuba is running out of fuel its people losing patience all. these have been very difficult days quite complicated because everyone from the transport workers to the population is restless here that you know all our free market look at the queue you can see it goes around the whole block. the last problem yes there's a problem with the petrol there's no petrol anywhere. the president himself arched residents to give up gasoline. little selector wanting money you have to go back to using animal drawn transport on a larger scale than what we are using at the moment in all tasks where it's feasible to find good. at home to cubans are adjusting their oil dependency to help the country sustain critical services doing whatever they can to relieve the pressure on the system. almost all to one day we took up this option of
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cooking with firewood in charcoal since we don't know how long the gas problem will last about that one was out. for outsiders cuba has been a place locked in the 1950 s. petards this current crisis worsens some aspects of daily life here more like the 19th century. kenya is the world's largest exporter of black tea but prices have dropped dramatically this yeah some kenyan tea farmers and processors are now emphasizing quality over quantity in order to stave off international competitors in kenya tea farming is serious business from the central mountainous regions to the rift valley t. is green gold because croppers long been kenya's major foreign exchange earner he also supports many small farmers millions of people earning a living with tea here like joseph moderator he's been
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a tea farmer for more than 30 years. farming pays but you have to take good care of your plantations every year i harvest between 17 to 20000 kilograms but every year is different. in recent years moderator has done well but $2900.00 could be a lean year kenyan t. farmers look set to see a big dip in their earnings more than 20 percent according to current indications. that's down to several different factors demand is weaker in the main export markets like britain and russia global trade conflicts are putting a dent in the economy and currency fluctuations a dent in prices. in the. you'll find that the prices. down. there.
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will be less while the costs. of the. least. for years kenya has mainly used the production method known as crush tear curl it's faster and easier and it's well suited for teabags the farm is now branching out into black tea but it's more labor intensive harvested with leaves intact but the higher quality fetches a higher price even when the market is faltering. but obviously difficult especially if the productivities and farmers and factory owners hope that by shifting the focus to quality over quantity kenya's tea industry might get the boost it needs it's facing ever stiffer competition to china and india for example are major t.v. producers and exporters but kenya is determined to remain the world's leading exporter of black tea. and.
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settle the claim by u.s. regulators over false financial disclosure securities and exchange commission says the company and its c.e.o. failed to disclose more than $114000000.00 u.s. dollars in play as well now to pay a fine of 15000000 to the f.c.c. will have to cough up another 1000000 is also from. a us company for 10 years foreman is in china still faces criminal for the allegations in japan. and that's it from the business team here and the visit.
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what's the connection between bret bio and the european union dino guild motto w correspondent alan baker can stretch this county line to the moon's surface by the team. snapping recipes for success strategy that make a difference. baking bread on d.w. . hi there and welcome to arts and culture and i hope you're ready to rock n roll on today's program because michael schenker one of the most lot of guitarists of his generation will join in the studio and also coming up. a room with a view of the eiffel tower british photographer jasper white tells a story of paris centering on the city's most iconic landmark.
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and in our series 100 german must reads we future a dark comedy about state surveillance seen frou the lens of the east german secret police the stasis. well fans of hard rock and heavy metal know him well michael schenker widely considered one of the best guitar soloists around a veteran member of u.f.o. he also played for scorpions way back in the seventy's and has had an illustrious if till 2 as career well now he's back with a new album according to critics better than ever so we'll speak to him right after this. case trademark is the crying the guitar michael schenker.
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