tv Business Deutsche Welle September 26, 2019 8:30am-8:46am CEST
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don't tell me that those he never wrote. and the point you come up in the morning. are you feel the symphony of your home is. the rooms code stores the 11th on g.w. common enough. the whole world war is about to seal 2 emissions except china it seems as the world's 2nd biggest export opens in beijing many are asking why should we reduce c o 2 emissions when the world's biggest emitter obviously doesn't that. also coming out one of the top directors of europe central bank steps down after criticizing its policies for growth get another german to quit. and how much does a bottle of french wine cost more than you might expect we look at reports of human
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trafficking in french $1.00. welcome to business. travel is a major source of c o 2 and other greenhouse gas emissions and china doesn't show any signs to cut that as the country is already the world leader in c o 2 production with just under 10000000 tons of carbon dioxide a year that's almost a 3rd of all global manmade c o 2 each year while world leaders were debating climate change in new york china unveiled the 2nd biggest airport in the world. more than $70000000.00 passengers a year chinese president xi jinping cut the ribbon for the $60000000000.00 project completed in just 4 years done to be one of the largest airports in the world. ready to serve $45000000.00 passengers per year initially it is said to expand to.
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over 70000000 it has 4 runways and 268 gates a new high speed train connection allows for fast train from there to the chinese capital. clearly shows that for china economic expansion seems to come before climate protection how much sense does it make if we all reduce our as well let's bring another sound of eisenstein he's with the 3 g. an independent climate change think tank here in berlin next on germany produces just 2 percent of global c o 2 just introduced stricter climate regulation. china opens a new mega board how much sense does all these well intentioned climate action of countries like germany make if we're leading c o 2 images like like china obviously don't. it's a question i guess there's 2 sides of this story a china has a mess of economic growth beijing we're talking about a city of more than 20000000000 inhabitants 1000001400000000 inhabitants in
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china rising middle of course there's a high demand we have a crow freight an aviation of 6 percent a year so it's in a way a restful project for china on the other hand go back and see in china is a lot of climate action it's the largest manufacturer of so that p.v. for example and the wind and solar already quite cheap so i guess they should both sides while they're moving in some sectors moving in that is and that's the big challenge on germany i would dog does it offset the you know that they producing lots of solar panels does it somehow offset their c o 2 emissions no it doesn't it doesn't mean they're meeting the targets but the targets they have 420202030 you know obviously to lou for the paris climate agreements so i guess for the next years the big challenge is to cooperate with china there's a big cruel for the e.u. to play as a role model showing how this works called. breaking with china being more vicious
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on both sides and that's what we're hearing from chinese officials we want to see a lot of ambition from the youth and the louve as well well being a role model is an interesting discussion going on because many people say yes we must be a germany's must be a role model but others say the street climate regulation will hurt the economy how much of a role model will we be as germans if a car industry goes down because we introduce climate legislation i actually see the other way round i think germany has to move on climate action to remain competitive against the big question for the german car industry do we still sell of course in 10 or 15 years and they will probably more be ecologists than the course we're having right now so for germany i think it's quite the rest of the from a competitiveness point of view to move right now. how will be german british obo mexican car owners ever be convinced to scrap their diesels to do their bit while others do nothing well they give them out on the street i'm talking about that definitely managed that i think that they should be having right now it's not the
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attorneys doing its homework and if you have this kind of package but it's by far not enough so this perception that germany is moving about ideas and moving not is just not true ok where are those moving. comparable economies are moving in a comparable way or may have taken biggest steps is france doing more friends in the u.k. i mean from an emission point of view i mean this is because of coal of course there are many and china 2 of the major emitters china is number one germany is number 4 so this plays a big krill in c o 2 emissions and this is great those countries play a bigger role and that is of course the question around shared responsibility china arguing well we have to catch up we have economic growth we need to make people happy well you already are rich and that's the big conversation we're having an international level yeah that's a very valid point but how much climate protection is economically viable so. there are recent numbers spite o.e.c.d.
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basically showing that the net effect on g.d.p. of ambitious time of action is positive in most she 20 countries i think it's out of 20 so it is rest you know the issue is less about the economic case i would say that some sectors are heavily affected of course the coal sector will disappear well i just will benefit if major across sectors like energy efficiency renewable energy immobility so these are the opportunities sectors against issues how do we have managed to kill off for example coal how do we manage the transition of the car industry. do you think that china in the very near term. and everybody says it's high time that we reduce c o 2 emissions in the very near term will put climate protection before growth. what makes milk to mystic is that it's not only a moral question for china there's also a lot of national interest they do already have very high economic costs because of
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climate change and major issues aren't air pollution around decide if occasion for example so they have good reasons to move and next year is actually quite important it will be a major you china summit they're both hopefully try to work together to work towards a more ambitious term of policies alexandra thank you very much for just not. for asian stocks have risen following what the u.s. and japan call the 1st stage of a new trade deal prime minister shinzo aviv joins us president donald trump who described the announcement as phenomenal trump said it would open up japanese markets to $7000000000.00 worth of american products the u.s. trade representative says the deal eliminates tariffs on some japanese food products such as albums and blue book it's all on some industrial goods and it includes an agreement on a digital trade. a top director of the european central
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bank has handed in her resignation germany's. did not say why she quits 2 years came after she publicly questioned the need for the bank's stimulus policies the e.c.b. recently lowered its lending rate further into negative territory and announced new quantitative easing policies came in for criticism in germany as they were seen as a way of propping up we come in the states. or let's go to the seat of the e.c.b. frank our correspondent standing by. she's the 3rd german to do so why. yes 2 germans before her resigned out of opposition to the loose monetary policy that the e.c.b. was pursuing and the policy has gotten looser and looser and before the last
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meeting just a number of days ago on the 12th of september the e.c.b. went even further down it took down the deposit rate for the banks have to pay actually in order to. deposit the money there does your 0.6 percent so the banks are paying their they're paying even more than before and what allowed and said before the meeting even was that she was in disagreement with the retaking . restarting the bond buying program and pouring money yet again and to the economy she and others don't obviously believe that it's needed at the time and we know that in the meeting several members voted no and it's said that they go was against this policy and this would be a strong statement to to get away from this policy resigning in a very public way like this. also. a new incoming president christine legarde does that have anything to do with it. i think that has
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something to do with that something that we can only speculate on because there is no official statement yet from the e.c.b. or of course from you know a lot and schlegel herself explaining her actions but it seems logical that she leave at the same time that guard comes in because look guard has made it clear in statements that she believes what the e.c.b. is doing is right and that she also sees room for going even lower so she's along the line of mario draghi on the line not along the line of setting a lot of. what he wants a friend for thank you. both is one of france's most famous ones now at the center of a human trafficking case french police have launched an investigation into 4 job agency managers hues of abusing seasonal workers in the country's famed vineyards. the grapes harvested in these far reaching vineyards will be pressed to make the
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2019 beaujolais after another warm summer wine makers here are looking forward to a 1st taste but many of the people picking the grapes won't be able to afford a bottle of their own some are victims of a bulgarian network of human traffickers now under investigation by french police for defrauding thousands of workers. this year there are some 20000 seasonal workers in the bush or lay about half of the mobile gary and that's a lot it wasn't easy to find. so most workers came through a job agency a firm that promised workers 60 euros per day but allegedly kept most of the money charged workers for their food and didn't provide adequate housing despite such promises the wine growers seem oblivious to what's going on.
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we used to pay our workers directly but after $2.00 or 3 years somebody told us we will set up our own service company to make it easier for you you just have to pay our bill and we said why not. what seemed like a good deal for the vineyards has left some great pickers without enough money for the trip home. and that's it for me and the business team here. our web site this to. slash business stay tuned to have a quick look global markets at this hour.
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us. nothing recipes for success strategy that makes a difference. baking bread on the d.w. . readings from berlin and a warm welcome to arts and culture and here's a quick look at some of what's in the pipeline for today's show. meet the woman they call the willow queen sculptural art work of laura ellen bacon uses natural materials and spans the genres of craft land art and even architecture. and in our continuing series of baking bread baker xology now much of this shows us
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the ins and outs of bulgaria's famous part lanky flatbread. but 1st meet 2 rocks the world of classical music yet again opera star placido domingo dropped out of a production of verities macbeth on the eve of opening night at the new york metropolitan opera well it was to be his 1st u.s. performance since sexual harassment allegations against him were made public just last month. this is what feels concert halls around the world. allegations of sexual harassment against puffy domingo have grown so known that one day before he was going to do to perform at the metropolitan opera in new york to sing on cancer. we were really looking forward to hearing the voice but.
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