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tv   Business  Deutsche Welle  October 3, 2019 1:30am-1:46am CEST

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i'm sure that it was. a model in support. of. the degree of. the trade dispute between the u.s. and europe reaches new heights after a.w.t. old ruling washington announces fresh tariffs on aircraft and other industrial and agricultural products to punish brussels for subsidising the european plane maker era boss. employees in hong kong find themselves up with a difficult choice to make join the protests or stay employed we speak to a woman who's out of work just for supporting the movement. and guess who has
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a nose for crime bill q but uses puppy power against money laundering. this is the w. business i'm on in berlin welcome washington appears to be making good on the world trade organization ruling allowing tariffs of 7 and a half $1000000000.00 on e.u. goods that's for illegally subsidizing european plane maker airbus in a 1st step the u.s. has announced a new duties on aircraft and industrial and agricultural goods it sets the stage for a further extension of what's already the world's longest and costliest trade. u.s. president donald trump isn't a fan of the world trade organization but he may have changed his mind on wednesday during a press conference with his finnish counterpart he said the w t o ruling was very good news for the u.s. efforts. beginning oct 18th washington will impose new tariffs on e.u.
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goods including 10 percent on aircraft and 25 percent on other industrial and i grew cultural products. it's the latest move in an epic 15 year battle revolving around europe and its airbus on the one hand and america's boeing on the other the w.e.o. has found both the e.u. and the us guilty of paying on lawful subsidies to their respective plane makers before washington announced its response to the w t o ruling germany's chancellor was quick to highlight the gravity of the situation. nothing in between the case under world trade organization law this takes it beyond an arbitrary question to a verdict in accordance with international law which now hangs over arab us one must sadly say. we have to see how the americans will respond by this on wednesday of only conny it's the idea and see in the european union has so far made
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it clear it would bring forward retaliatory tariffs if necessary they would come on top of tariffs the e.u. wants to impose on the u.s. following the w t o ruling over boeing subsidies a decision on the penalty in that case is june around 6 months time with the aerial jewels set to continue into 2020 and beyond both sides are in for the long haul. across the aisle to our financial correspondent yes quarter on wall street yes is the time to brace ourselves for a long and expensive escalation of this u.s. e.u. trade dispute it. well i mean those new tariffs are supposed to be imposed by october 18th so in a good 2 weeks but there will be a meeting between the u.s. side and the european union on october 14th so who knows if those tariffs can be averted and we're talking expensive pretty relative to 7 and
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a half $1000000000.00 is a lot of money but overall 'd the european union exports the goods to the united states in the amount of almost $500000000000.00 so in that respect it's a rather small amount but clearly that could theoretically lead to an escalation of the trade tensions between the e.u. and the united states as well. now you can stay there because we have another agenda point and we're talking about the markets because frankly speaking they've seen better days and p. 500 the dow the nasdaq all headed southward on wednesday by around 2 percent respectively that's because of growing investor anxiety over economic blowback from the u.s. china trade war a week august jobs report indicated businesses becoming less eager to hire a maid slowing manufacturing growth and persistent uncertainty. and now we've seen jobs hit we've seen manufacturing hits are we going to see
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a slowdown in consumer spending. well at some point. likely to have to happen and so far the labor market overall still remains pretty strong even if the job growth that we've seen basically for 9 straight years is cooling quite a bit and if you look at the numbers in the manufacturing industry we even see some signs of a recession at least in that area so far consumption is still holding up well but then again we also got the latest figures on car sales in the 3rd quarter and there are a couple of science officer cooling so there's no reason for alarm at this point but clearly we do see some hints that the economy is not growing that strong or as strong as you've seen in the past couple of years and that could very well lead to some weakness in the labor market and if we see the weakness in the labor market it
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is likely that consumers will start to spend less but probably not for this holiday season we are looking towards next year when we might see this quarter ends quarter they're calling for calm and caution at the same time thank you very much. a group of leading think tanks have cut their growth forecasts for germany predicting just half a percent expansion this year and 1 point one percent next year they point to political uncertainty such as trade tensions and brags that as well as the slowing global economy the economic institutes expect growth to pick up again in 2021. now as the protests in hong kong rage on china's pressuring companies to fire staff who participated in the all calls flagship carrier cathay pacific has been under particular scrutiny our correspondent let us burning off filed this exclusive report one month ago flight attendant rebecca c. was called suddenly into an urgent meeting with the management of her company it
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just happened in 5 minutes and it and my 70 years career already. she was shown screenshots of facebook posts she made in support of hong kong's protest movement and she confirmed they were hers she was fired i see had been working as a dragon a subsidiary of hong kong's traditional airline cathay pacific she was also the chairperson of the flight attendants union that supports the protest. it just took what was special operations at the facility manager tells us to leave the company's premises beijing has put pressure on prime businesses to suppress protest or to choose cathay is at the center of the controversy china issued a security warning against the company banning crew and pilots content protests from flying into and over the mainland more than a dozen employees were laid off creating an atmosphere of fear closing their facebook account they littering all of the photos. changing the profile page and
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changing the name. has become so common nowadays when i look up my facebook oh my god i couldn't work and recognize his that hong kong's economy has suffered from the crisis tourism retailer affected most but. so the financial industry that connects chinese and international businesses employees of the industry have been active in the protests some have founded a union in support of the movement nathan long one of the founders has since been put on paid leave. this is they have impressions of our freedom of speech freedom of assembly freedom to form a union so this is not my own. business anymore it's all the workers. in hong kong. his company a subcontractor of the bank h.s.b.c. denies any link with his political activities but fear on phones business sector is
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real. i mean when rebecca sees new premises of her former employer many colleagues stop to encourage her none of them want their face. i haven't been crying that hard even for myself so you can see my terminations but it was them when i received the message that. i have really tried so hard. in a sign of solidarity she was reluctant chairperson of the union just days after photo nation. a successful strategy in fighting drug trafficking is to follow the money even better if you could use your nose to do it that's why french police are training their canine pals and cuba to sniff out the cash. again. soon the police dog she's excited about to new mission she's learning to identify the smell of money and to seek it out wherever it may be hidden because of her
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enthusiasm zeal his trainers have a way to keep her mind on the job. a 2nd get them well boquet it becomes him game because they don't goes looking for the toy when she finds its way and then gets a reward when her own up. for her it's like an exchange she thinks i help my own to find something like you i contribute in the end i get rewarded tell you when you're free now my article claims that. the train is tied to the euro banknotes in a range of different locations to test the dogs sniffing capabilities. the program is part of a cooperation between france cuba and a number of other caribbean islands. among the most promising recruits that her arrive from france this trio sniper search and sniffer the plan is for them to breed in cuba it's hoped that a bigger canine force will help poor thora g.'s tell large bite out of organized
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crime on the island whether that's related to drugs or money laundering. because usually it is smell as did for example 5 euro banknote smell much stronger than $500.00 euro banknotes but the dogs must be able to buy them all. to you to show you suck you off. once the dogs have mastered your race they'll learn how to identify us and canadian dollars to whatever the currency these dogs know how to sniff out or abort. and that's it for me and the business team here in berlin thanks for watching.
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that 77 percent. are younger but. that's me. and. time all forces. the 77 percent. for all parties to flash thanks so much housing boom boom town this is where.
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the 77 percent. this weekend. to send your of its most fascinating and its most exciting. most creative folks. trying to taste innovation really charming. thank you. the resistible. on t.w. . closely. listen carefully. simply. to be a good. listener
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discover the. live. live subscribe to the documentary to. it's a towering reminder of the cold war and a monument to a failed communist regime germany's tallest building turns 50 and also coming up on arts and culture a look inside rock'n'roll photographer norman cvs legendary celebrity portrait sessions and has an orthodox methods for getting his shot. and what european country carbs crucifixes and bakes cross buns are you
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correspondent good month so this is going to take us there for a taste. but 1st it's the symbol of a country that no longer exists and of a city that was once divided 50 years ago communist east germany completed construction on the berlin t.v. tower just in time to mark the now defunct country's 20th anniversary the imposing structure was meant to show the world what east germany was capable of and the tower still dominates berlin skyline today attracting a 1000000 visitors a year. with the heights of $368.00 made to states but most visible is that. since he doesn't deny 969 the t.v. tower has attracted 60000000 visitors from or over the world. hates gary you didn't expect it to be quite so i when we looked for a basis to go into the main we see the 1st and we saw it big the big dollar do everything.

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