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tv   Business  Deutsche Welle  October 5, 2019 5:15am-5:31am CEST

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off to the shocks the with a painting that shredded it south the moment it was sold. with balloon has since been known as the love is in the bin. perhaps this image is the artist's warning to britain's parliament not to go the same way. that's our show did have a business coming up next don't forget you can always find us online at d w dot com i'm my ex waiter thank you so much for joining us. earth. for saving googling genius tell stories of creative people and innovative projects around the world ideas to protect the climate and boost green energy solutions by global owing to his being a series of global 3000 on g.w. and online.
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after the fall of the. november 9th. but u.s. narrows its trade gap with china but it's a different story with the overall trade deficit as american buyers trade border products made abroad. and as protesters and hong kong leaders waged an increasingly violent battle for the city's soul tourists was on the ball to decide to stay. oh
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wait. i watering prices for onions across parts of asia as name producer india exports fall into your harvest. and the 1st for fear abroad german breweries afloat at a time of drying demand. 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 at 1.6 percent to almost 55000000000 dollars 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 still seems to do to do better than many other nations on the planet so if consumption remains strong or healthy in the us 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. imports and speaking about tariffs let's also wait and see what happens to the trade talks between china and the united states which will be. that which will start again
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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 $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 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 well the dow was up here on friday by
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a 370 points even if we traded down for that week. lowest unemployment figures since the moon landing you heard it from the cartel on wall street to hong kong now where its chief executive carry land has a vote and merge and see 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 and months of civil unrest have rocked the city and negatively impact that hong kong 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 got it was i'm sorry high right now business is down by at least half or even more. income every day it's
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really obvious that expenses are the same so the impact is big. on. 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 war zone war saving the day you know before used to be like a good for the bar and restaurant business but now it's getting worse and worse so probably for 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 august 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.
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south korean military are spraying the heavily armed border with north korea with disinfectant it's part of a week long quarantine 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 to liquidate construction giant or debray or direct is at the center of a corruption scandal that has crossed latin america the company has acknowledged paying enormous strides to politicians across the continent leading to the downfall of many political and business leaders if ordered by collapses 40000 jobs could be
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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 going to your trade or going prices were 10 to 15 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 . yeah we get it all but again we have stopped serving on us to our costumers due to high prices. the indian government solution has been to place
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a ban on your 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 supply will help . on the out of. 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 that the leading destination for india is on exports in 2018 the fact of the export restrictions is already showing under a desk 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 german 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 and 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. pug-o. i'm going to end with and that is that of course america is a very interesting growth market with its strong craft beer trends and this trend is spreading to other countries such as brazil argentina and peru the whole south american continent. but we're also growing in asia taiwan korea and japan everywhere that small fruits are starting up and bear creation of. the our team here. but before getting to that stage the grain whether barley wheat or runny must 1st be turned into malt to do this it is so for 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.
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this it would taste like a strong roasted to spread so that it would perhaps with a hint of dark chocolate is that it's not so then of course there are also molds the taste like dried fruit and raises or how about bread 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. it's directors of
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the you know by a month's recipe for success always put decisions to the test. you know this is 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. credits low point of bio mom had only 20 employees now they have 260 the historic company has achieved a turnaround through specialization today via is the global market leader in specialty markets. and its shares from us thanks for watching.
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that illuminating. scientists recently discovered these reptiles have the recent markings. now they think they've found the key to help comedians community.
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the most is a chemical and they. are all to do next to w. r t 21 special. program about her words combined into sentences to tell stories words printed to become. can open a new world for their readers. story. a programme about books and makers. 13 w. d 2 you know that 77 percent last week are younger than 60 odd. that's me and me and you. and you know what time of voices i
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was. on the 77 percent didn't talk about the issues up. front what quality to class it from housing boom boom town this is where they are. welcome to the 77 percent. this weekend on g.w. . welcome to tomorrow today the science show on d w coming up. high tech meets handicraft why scientists are teaching a robot to mit. the explosive power of the sun mr.

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