tv Business Deutsche Welle October 3, 2019 8:30am-8:46am CEST
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the symphonies of you on this one. how did the romantic master compensate for. the secrets of symphonic magic. proms code starts oct 11th w. enough. of. the trade war goes into another round as the u.s. prepares its new tariffs on european goods w t o has ruled out terrorists would be legal because the e.u. had illegally subsidized europe's playmaker and the e.u. will retaliate with judaism catch up. slowly at the top when christine legarde takes over the european central bank she'll face colleagues with
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a very different views over how to prop up a weakening eurozone economy. and who said ship building in europe is dead cruise ships for the chinese market and i'm feeling built in germany. business to have your business i'm in berlin welcome washington appears to be making the most of the world trade organization ruling in a 1st step the u.s. on wednesday announced new duties on aircraft and industrial and i would cultural goods. ruled that the u.s. can slap tariffs on 7 and a half $1000000000.00 of e.u. goods because the e.u. had illegally subsidized european plan make us it sets the stage for a further extension for it's already the world's longest and costliest trade dispute brussels is already mulling how to retaliate. the world trade organization. has given the green light for the u.s.
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to impose sanctions on $7500000000.00 worth of e.u. goods u.s. president donald trump a vocal critic of the w.c. oh appears to have softened his stance on the organization. you know winds are now because they think i don't like the w t l and they want to make sure i'm happy because all of those countries were ripping off the united states for many years they know that i'm wise to it we've had a lot of wins this was a $7000000000.00 win not bad from october 18th washington will impose new tariffs on e.u. exports including 10 percent on aircraft and 25 percent on other industrial and agricultural products the move is the latest in a lengthy 15 year battle between european aircraft manufacturer air bus and its american counterpart boeing the european union has so far made it clear it would bring forth retaliatory tariffs if necessary you defend the free and 5th rate based on
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a level playing field and 20 plus. we will not be naive but we won't be reeling and determined to be cities and if someone is imposing tell us on. we will do exactly the same the world trade organization has found both the e.u. and the us guilty of paying unlawful subsidies to the respective plane makers with the aerial dual set to continue into 2020 and beyond both sides are in it for the long haul. well u.s. secretary of state mike compare was given a surprise present during his visit to rome parmigiano reggiano cheese to be exact in italian t.v. journalist david superimpose say the cheese was probably the best in the world and made with heart by talian pharmacies with west at pump a 0 share it the us president donald trump is considering new terrors against you
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products including cheese. on november 1st christine legarde takes over as head of the european central bank she faces immense challenges the eurozone economy has been slowing since the end of last year this could mean that she will have to relax monetary policy but she has little room to maneuver predecessor mario druggy has already used up most of the bank's ammunition when he restarted the seabees bond buying program effectively that means the e.c.b. is printing money to buy 20000000000 euros worth of corporate and government bonds per month starting in november the drug has kept the key interest rate at 0 percent words been since march 26th seen that means banks can get money from the z.b. at no charge to give cheap loans to individuals and companies which is in theory invigorates the economy druggy also cut the deposit rate that banks pot page of
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pocket excess reserves with the z.b. by 10 basis point to minus 0.5 percent the rate penalizes banks for holding on to cash rather than lending it as it was intended and the representatives on the european central bank executive board have been fiercely critical of druggies move. germany's representative has been allowed to go when so far as to quit over the loose monetary policy now let's bring in maria de mint says she's deputy director at brew. google that's in an economic think tank in brussels that's where she is right now and joining us in the show. as ignition was just a symptom there's a widening split in the seabees top ranks what is christine legarde facing there at the moment and where this seems. i think split is too strong
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a word actually i think i would agree that there is disagreement there's disagreement among all the members of the governing council in terms of what to do next and certainly by comparison to what we had let's say the beginning of this would be or even in the early years what it was a lot easier to get into a consensus decision but i think that's reflective of the times we live in times of huge uncertainties and there really structural uncertainties as to what is going to happen in the future we heard just now actually that it's going to be new tires coming from the u.s. into europe that's going to impose costs in europe and europe needs to act one of the players that needs to act in this respect is the central bank that's the reason why it exists and he needs to act but it can't be the only player that acts others have talked so the disagreements that you you see now they should be as reflective of what the best way to move forward is and i believe is actually quite natural given the challenges that we face. mario draghi has left as we've just seen the armory pretty empty for christine lagarde to fight. the economy that's going down
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what kind of instrument does she does she have left. i think it's true that there is a because use the new instruments to try and achieve its mandate and this very little left to do on that front i think there is a lot of discussions among the experts as to what can be done even more i think this should be another central banks around the world need to be a little bit more imaginative in terms of how to do what to do next and how to do it. i think that will be the subject of discussion but it's important to remember that whatever they see does more it comes with risks and therefore the benefits of doing more have to be weighed very carefully against the risks of doing more but if this if he doesn't do something who will do something else and here i think the role of fiscal policy needs to be put to the fore others have to act in order for these to be not to feel compelled to go in a direction that actually has risks. my dear man says thank you very much.
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pleasure. in the eastern german state of mecklenburg for they are building ships again the malaysian can take a group aboard ship yards in bismarck bonum and all 230000000 euros 3 years ago after building 4 small cruise ships and a luxury yacht now to a high end river cruise ships construction ships targeted tourists going on river cruises all across asia rising wealth means the cruise ship industry is booming in places like china. it may not look ship shape yet but you can already make out the 20 huge decks this colossus will hold 9500 passengers who will cover the long distances on deck with treadmills and escalators the whole almost fills the dry dock in which it's being built. to have you all to do something we took up the whole of the drive dark with the 54 meters that's and equals that's the main
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challenge the sheer size and the amount of equipment that needs to be installed you know it was full on but usually. around $60000.00 tons of steel were used which is 6 times as much as the eiffel tower in paris everything is so much bigger than on traditional cruise ships including the cabins the bessel is targeted to chinese customers and 4 people will often share room. visits and they're already fitted they're a bit larger than normal cabins that's a characteristic of the ship overall but there's plenty of room in the cabinet that's intervenes of a few of. the cabins are built on a production line wiring electrical fishings and furniture everything is preassembled on land production in bismarck began with the smaller cabins for the crew passenger cabin started later and they are twice as big the doors can only be opened by smartphone in august in the shattered scale which often an aussie outten
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as it does indeed the asians are a bit different that way people are more open to technology also as far as older people are concerned they're all smartphone friendly which is hardly anyone in china who doesn't do everything with their smartphone it's all state of the art of . designers refer to a raft of chinese market research when fishing at the cabins they put in voice controlled equipment and variable lighting for passengers who want tea or soup noodles their hot water dispensers in the corridors just like in china. if it was issued on board and we have a lot of passengers on board and not all will eat in the restaurant many will go to the supermarket to buy food to eat in their cabin so we assume people will be spending much more time in the cabin of that could be in for. the installation of the $3700.00 cabins on board is on a tight schedule the construction of a 2nd identical ship will start in december already we learn from our mistakes we often sit down and talk to each other about what we can do better on the 2nd ship
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and what we can do to get things done faster that's a. giant cruise ship is due to set sail in the spring of 2021 to cater for chinese tastes it will make short 3 to 5 day trips over great distances with only brief stays on land. over in the us donald trump may be talking about building a wall and fighting trait was bought counter-intuitively mexico's exports to the united states are booming this year the country exported $361000000000.00 worth of goods to the u.s. in the 1st 7 months that's 2.7 percent more than the same period last year business in laredo is already in full swing. almost half of all mexican exports come to the u.s. via this border crossing. in july car exports from mexico across the border were particularly lively 18 percent more than a year earlier the mexican foreign trade association represents 3500 companies
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association president who is a gerardo to hunter says mexico has profited from the trade war between the u.s. and china. see most of us back up all ok you're well aware that the trade war between china india united states has made chinese products more expensive in the us. in america mexican products have become more competitive the borders of us on our union could have mental and this is led to an increase in demand. and by all never the less or less mexico's exports to the u.s. have been rising $4.00 or 5 percent for a long time single port said by us the side of all this and that's it from me and the business team. thank you very much a wash. 30
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scattered across the globe. exhibit. a journey back to the roots of government. the charge family from somalia live around the world that one of them needed urgent assistance a. family starts october any on d w. 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.
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and what european country carbs crucifixes and bakes cross buns are in your correspondent guillard much of 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. talent has attracted 60000000 visitors from or over the world. events gary if you didn't expect it to be quite high when we looked for
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