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tv   Business  Deutsche Welle  October 4, 2019 11:15pm-11:30pm CEST

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largely w. news business news is up next with jenelle stick around for that of a good weekend everybody. after the fall of the berlin wall nov 9th on d. w. . it's all happening. pretty. sure linked to news from africa and the world. your link to
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a section of the stories and discussions came to unload new stuff including countdown tonight from funny from years of easy town wild website be debited com slash africa join us on facebook at d w africa. the u.s. now rose its trade gap with china but it's a different story with the overall trade deficit as american buyers turn more to products made abroad. and as protesters and hong kong leaders wage an increasingly violent battle for the city's soul tourists once plentiful decide to stay away. watering prices for onions across a major part of asia producer and exports following 4 harvests.
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and a 1st for a beer abroad kids german curries and business out of time where demand at home is drying up. this is b.w. business i'm joined now on in berlin welcome to the u.s. trade deficit widened in august as exports went up but imports increased even more the commerce department said the deficit rose 1.6 per cent to almost $55000000000.00 but president donald trump's latest efforts to reduce the trade gap with china by imposing tariffs on imports and waging a trade war appear to be bearing some fruit that deficit fell by over 3 percent to nearly $32000000000.00 in august u.s. exports to china grew while imports declined the deficit with the european union also narrowed month on month falling almost 24 percent to just over 15000000000 dollars and those numbers may yet move even more soon this week washington and washington announced tariffs on aircraft as well as industrial and agricultural
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products from the e.u. that's after the world trade organization allowed the u.s. to punish europe for illegally subsidizing plane maker air bus. joins us now from wall street as fresh tariffs are planned against the e.u. and china are we going to see the trade deficit shrink. not necessarily the trade deficit is the ratio of exports to imports and the u.s. economy is still seems to be due to do better than many other nations on the planet consumptions remains as strong or healthy in the u.s. so we could even see further widening of the deficit and if you look at some industries for example the sure industries 90 percent of shoes sold in the united states are actually made overseas so if you want to wear new shoes you still
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depend on imports and speaking about tariffs let's also wait and see what happens to trade talks between china and the united states which will be. that which will start again next week in washington well we do know that shoes make the world go round but another market moving news a much awaited jobs report is out can you break it down for us overall the job market still remains healthy the unemployment rate dropped from 3.7 to 3.5 percent what is pretty much the lowest unemployment rate since the moon landing in 1969 also for 108 consecutive months we saw a job growth $130.00 thinks 1000 new jobs that was a bit less than expected but still a rather healthy rate so bottom line is the job market is still expanding even
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lower pace then in last year still wall street is still betting on another rate cut by the end of the months and wall street took the job numbers quite a while the dow was up here on friday by 370 points even if we traded down for the week lowest unemployment figures since the moon landing you heard it from the ends quarter on wall street. to hong kong now where chief executive carrie lamb has evoked emergency powers implementing a full ban on face masks prompting even more unrest protesters took to the streets in opposition of the law which was made under the colonial emergency regulations ordinance the measure allows hong kong's leader to create new laws that are in the public interest quote months of civil unrest have rocked the city and that could have the impact that hong kong's economy especially the tourism industry. the violent clashes between protesters and the police are hurting hong kong
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businesses the number of tourists in the city state plunged 39 percent compared to the same time last year according to official figures you've got there was i'm sorry your high right now business is down by at least half or even more we see all income every day it's really obvious that expenses are the same so the impact is big. the number of mainland chinese visitors who account for the majority of tourists in hong kong was down 42 percent in august every sector is affected skirting wars and wars here we have the. before used to be like a good for the bar and restaurant business but now it's getting worse and worse so probably you have these things going on again and again for 5 months i'm going to have to close now most of them on bars and it's not just the protests hurting business the ongoing us china trade war is also contributing mainland chinese
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visitors are spending less china's currency the yuan has depreciated against the u.s. dollar retail sales where the worst on record the current outlook for hong kong is gloomy. now to some of the other business stories making news south korean military are spraying the heavily armed border with north korea with disinfectant it's part of a week long. operation to prevent the spread of african swine fever officials have confirmed 2 new cases of the deadly virus at hog farms near the de-militarized. a state owned brazilian bank is reportedly asking courts to liquidate construction giant or deprived is at the center of a corruption scandal that has swept across latin america the company has acknowledged paying enormous bribes to politicians across the continent leading to the downfall of many political and business leaders if one of our collapses 40000 jobs could be lost. it's enough to make one cry onion prices have shot
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up in india after droughts followed by excessive rain hit harvests hard it's prompted the government to impose an export baton causing shortages across the region. on young is an ingredient in several recipes across south asia and in almost every dish in india but much of the crop was destroyed during the monsoon season. lot of credit card you're going to your trade going prices were $10.00 to $15.00 rupees a kilo 50 rupees a kilo i can't afford that. prices have more than tripled in price is hitting consumers where it hurts most everyone here is affected . the good of all but again we have stopped serving on us to a customer is due to high prices maybe then. the indian government solution has been to place a ban on exports as of last sunday the vegetable can no longer be sold to other
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countries and some believe the effort to shore up india's own supply will help. the indian government has done the right thing by prohibiting the export of this would reduce the price and help buyers. while the ban could change things in india it is hurting neighboring bangladesh the leading destination for india's on exports in 2018 the fact of the export restrictions is already showing and she's now have to queue for on yes the country has now started buying the vegetables from other countries including china. now as germany's world famous october fest is set to wrap up this weekend we can turn our attention to a sobering statistic germany will be a consumption has fallen by a 3rd since 1970 meaning brewers are increasingly looking to serve other markets. these sacks are going to china malted grain for brewing beer from the german town
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of back company directors have been a via months since more than $3500000.00 sacks of each year more than 80 percent go to countries outside the e.u. go i'm dancing with and. of course america is a very interesting growth market with its strong craft beer trend and this trend is spreading to other countries such as brazil argentina and peru the whole south american continent. but also growing in asia taiwan korea and japan everywhere that small groups are starting up and doing peer creation of. the team. but before getting to that stage the grain whether barley wheat or ronnie must 1st be turned into malt to do this it is so cursed several days then it's dried at high temperature light or dark sweet or bitter every malt is different but it's the crucial element in giving beer its color and aroma. this is good it's that. this ear would taste like a strong roast of this press so perhaps with
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a hint of dark chocolate. it's not to then of course there are also molds the taste like dried fruit and races or how about bread like character. you know so whatever taste direction you want your beer to have. or in the 1980 s. and ninety's the major beer firms didn't want specialty markets they wanted it mass produced those were difficult times for the malthouse but via month focused on the niche market and persevered. the southern german town of bombeck regard. itself is the capital of beer and it has a lot of breweries it's a centuries old tradition that draws hundreds of thousands of tourists each year. is a 140 year old company that's been family own for for generations directors have been a via months recipe for success always put decisions to the test. is least
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expensive am i doing it right am i well positioned with 90 different kinds of malt should it be fewer more a my covering important markets am i missing a marcus you really need to keep your eyes and ears open to have everything coverage that they. have it's a low point of i am on head only 20 employees now they have 260 historic company has achieved a turnaround through specialization today via man is the global market leader in specialty malts. and chairs from us thanks for watching.
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with a special edition. my once a. week to say if i'm next in the bush these are the responses we have to make for the base of government on all climate change has just presented its report on the condition of bob oceans we'll see what he'd say. in 60 minutes d.w. . stay informed.
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and language courses. video audio. anytime anywhere. w s. the adventures of the famous naturalist and explorer. to sing the bridge alexander from the world's 250th birthday we're embarking on a voyage of discovery. expedition good on t.w. place. where is home. when your family got it across the globe. it's a good kids who didn't listen to the. journey back to the roots should get
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a minimum of the. shots finally from somalia live around the world. one of them needed urgent assistance and. the family starts october on d. w. . this is the w. news africa coming up in the program. or know peeps that is the question on many lips are talking a national dialogue to end the before and separate this crisis include it in comfort but how all sides on the same page also coming up. when recycling becomes a health hazard why reusing plastic containers is not always a good idea.

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