tv Business Deutsche Welle October 5, 2019 1:30am-1:46am CEST
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charge the good premier of it call it the. trial. 60 minutes. used it as pulling the 1st girls took it over now live i'm sure that it was a mystery out. in support of. what's a big. part of what. you do for your book. the u.s. narrows 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 was fungible to the side to stay away.
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prices for onions across parts of asia as main producer india for its following tour harvests. and the thirst for beer abroad keeps german breweries afloat at a time of drying demand i hope. this is the business i'm on in berlin wall the u.s. trade deficit widened in august 2000 but imports increased even more the commerce department said the deficit rose 1.6 percent to almost 55000000000 dollars but president donald trump's latest efforts to reduce the trade gap with china by imposing tariffs on imports and reaching a trade war appear to be bearing some fruit that deficit fell by over 3 percent to nearly 32 $1000000000.00 in august the deficit with the european union also narrowed month by month falling almost 24 percent to just over $15000000000.00. joins us now from wall street as fresh tariffs are planned against the e.u.
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and china are we going to see the trade deficit shrink. not necessarily the trade deficit the ratio of exports to imports and the u.s. economy is still seems to do to do better than many other nations on the planet consumptions remains 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 shoe industry is 90 percent of shoes sold in the united states are actually made overseas so if you want to wear new shoes you still depend on imports and speaking about tariffs it's also wait and see what happens to the trade talks between china and the united states which will be.
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that which will start again next week in washington well we do know that shoes make the world go round but in other 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 136000 new jobs that was a bit less than expected but still rather healthy rates the bottom line is the job market is still expanding even lower pace than 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 well the dow was up here on friday by
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a 370 points even if we traded down for the week lowest unemployment figures since the moon landing you heard it from the ends carter on wall street. to hong kong now where its chief executive carry law has evoked and mergence the 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 ordinates the measure allows hong kong's leader to create new laws that are in the public interest months of civil unrest have rocked the city and negatively impacted hong kong's economy especially the tourism industry. the violent clashes between protesters and the police are hurting hong kong businesses the number of tourists in the city state plunged 39 percent compared to the same time last year according to official figures you dog it was i'm sorry high right now business is down by at least half or even more we see 0 income every day it's
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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 the war zone or saving the day you know before you should be like a good for the bar and restaurant business but now it's getting worse and worse so probably if these things going on again and again for 5 months i'm going to have to close now most of them and bars and it's not just the protests hurting business the ongoing u.s. china trade war is also contributing mainland chinese visitors are spending less china's currency the yuan has depreciated against the u.s. dollar retail sales were 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
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are spraying the heavily armed border with north korea but disinfectant it's part of a week long choir in. 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 . pay pal has pulled out of facebook's digital currency project called libra the move has come amid intense scrutiny of the payment system from regulators all over the world ahead of its launch pay-pal was just one company in a consortium backing libra which included credit card companies visa and master card. a state owned brazilian bank is reportedly asking courts the liquidate construction giant or debray or direct is at the center of a corruption scandal that has wiped across latin america the company has acknowledged enormous bribes to politicians across the continent leading to the downfall of many political and business leaders if ordered by collapses 40000 jobs
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could be lost. it's enough to make one cry onion prices have shot up in india after droughts hit harvests hard it's prompted the government to impose an export ban causing shortages across the region. 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 progress going with a going prices were $10.00 to $15.00 rupees a kilo 50 rupees a kilo i can't afford. or. more than tripled in prices hitting consumers where it hurts most everyone here is affected. we have stopped serving on us to a cost him was due to high prices maybe they're never going to. the indian
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government solution has been to place a ban on young exports as of last sunday the vegetable can no longer be sold to other countries and some believe the effort to shore up indians on the 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 a good debt she's now have to queue for on eons 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 and will be our consumption has fallen by a 3rd since 1970 in brewers are increasingly looking to serve other markets. these
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sacks are going to china malted grain from brewing beer from the german town of back company directors have been a violent man sells more than $3500000.00 sacks and each year more than 80 percent go to countries outside the e.u. go and dance in the sand about the influx of course america is a very interesting growth market is there where that 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 through it's are starting up and through unfair creation of. the t.v. . 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 made from
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this era but tastes like a strong roasted this press so that it would perhaps with a hint of dark chocolate that it's that's a bit of course there are also molds that tastes like dried fruit and races or how to read like character. you know so whatever taste direction you want your peers to hov. 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 regards itself as 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. via amman molds is a 140 year old company that's been family own for 4 generations directors have been
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a via months recipe for success always put decisions to the test. yeah it was least expensive am i doing it right am i well positioned with 90 different kinds of malt should it be fewer more my covering important markets am i missing a marcus you really need to keep your eyes and ears open to have everything cover it up with the. kind it's low point of i'm on had only 20 employees now they have 260 the historic company has achieved a turnaround through specialization today via amazon is the global market leader in specialty malts. and its shares from us thanks for watching.
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because the body to get. nothing out of the jam just sometimes out but most often when. the german thinks deep into the german culture of looking out the stereotypes clad in here thinks he's the country that i'm not. yet needed to be taking his grandmother there to me it's all about. bob i'm rachel join me for me the german from d.w. . post. i've . i've. i've.
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i've. now after the fall of the berlin. the night. welcome to arts and culture as artists consider their contributions to the fight for climate action photographer gideon mendel stands i level with people up to their necks in floodwater disturbing portraits putting a face to the global climate crisis and also coming up.
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in the rock bands the national's experimental new take on birth death and everything in between. and how a palestinian family brought october fest into the west bank and got thousands of people to join the party. but 1st the painting that's making headlines around the world this canvas by the mysterious british artist banksy was expected to sell its other bees for around 2000000 euros instead it sold for more than 11000000 banksy painted the picture of chimpanzees running the british parliament a decade ago what was funny at the time now seems pretty accurate. with britain's parliament in turmoil over the fast approaching breck that deadline this was the painting fetching millions at the beach london auction house on thursday. banks he's taken
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