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tv   Business  Deutsche Welle  October 7, 2019 10:30am-10:46am CEST

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cincinnati's a few comments from. how did the romantic master in such a piece of. the brahms code. tournament on d w hot enough. baseball tweets calling a big stir after the houston rockets general manager of support of the protesters in hong kong the club the executive and the league are back pedaling trying to save millions of dollars in revenue and sponsorship deals also coming the next trial over a controversial herbicide roundup gets postponed is there a deal in sight for thousands of plaintiffs a link their cancer disease to the product and it will take a look at the impact of berlin's proposed redcap contractors the.
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risk over welcome to the program nowadays it takes just one tweet anger is mounting in china over a comment by the general manager of basketball shoes to rockets he openly supported the pro-democracy protests in hong kong but china and its hundreds of millions of sports fans is a highly important market to the league and its corporate sponsors so after just one tweet damage control is now in full swing. we apologize we love china houston rockets n.b.a. star james harden distancing himself from the words of his team's general manager and on monday morning daryl morey tweeted his regret saying he had not intended to cause offense among the club's chinese fans and that he was merely voicing a thought based on one interpretation of one complicated event humble words that show the importance of chinese money to the n.b.a.
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but they came too late to prevent sponsors like the sportswear company leaning and shanghai based s.p.d. bank from cutting ties with the rockets china's state broadcaster has announced it will no longer show rocket's games and the chinese basketball association says it's ending its relationship with the club so. the houston rockets are largely responsible for china's interest in the sport which took a large stride forward when they signed a local boy missing in 2002 now the market that is worth billions to the n.b.a. last season more than half a 1000000000 chinese fans watched n.b.a. matches through the online platform 10 sent each of us is a potential buyer of merchandise tickets this week the brooklyn nets are playing the l.a. lakers in china. the nets are owned by chinese billionaire josephs side the co-founder of web titan alibaba for his part he said the damage from the pro protest tweets
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would take quote a long time to repair. and speaking of tensions around china markets are looking ahead to the u.s. china trade talks scheduled on thursday and suffice to say they might have to manage their expectations of the we can do is agency bloomberg reported that chinese officials are signaling that they're reluctant to agree to a broad troops deal with the united states one such official has reportedly said that the chinese will not offer any reforms to chinese industrial policy or to government subsidies significant narrowing of the range of negotiations to its. well for more let's bring in on a device with in frankfurt on into does this news represent a shift in power in these negotiations yes it's fair to say that this has actually really a shift in power because that's one of the core of the amman's by the u.s. administration to change a tiny industrial policy also if you look at economic data china step allies in the
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u.s. is weakening so it's clear that the chinese delegation on the chinese minister is there thinking that they might have a sway over those negotiations and they don't really need an agreement as much as donald trump might need it given the weakness in the economy and also how much he looks at the stock market performance is especially going into the holiday season the christmas period so i guess yes it's fair to say that an agreement is probably not very close. not this week an advice from frankfurt thank you. a trial and send loise over the alleged cancer ling's of buyers life was saved based herbicide roundup has been postponed until next year the move comes as buyers facing thousands of lawsuits claiming that round up causes cancer the company has
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already lost 3 cases in the united states it's appealing all 3 verdicts arguing that wronged up to save the herbicide was originally made by monsanto which buyer acquired last year. my colleague rob watts joins me here in the studio to talk more about this rob what are we to make of this delay of the trial well we haven't been told a precise reason full that they still a but it does come at a time when bae is talking to the thousands and thousands of people who claims that roundup caused cancer now what this will mean is that it's the 3rd delay they see it to a trial and it pushes it into 2020 in fact it pushes all of the trials to 2020 that means that baez says it can now concentrate on appealing against those 3 cases that have already been found against it that you mentioned huge amounts of money awarded
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in all 3 of those cases but by insists that the science just simply doesn't back up the finding that life say causes cancer now you mention the thousands of people that are suing by over this about 20000 from what i understand how do they factor in here. well you know given the magnitude of the amounts of money that have already been handed out for example in $1.00 of the cases already a couple from california were awarded $2000000000.00 by a jury that was actually reined in by a judge in the u.s. to a mere $90000000.00 still a huge amount of money and when you multiply it by the something like $18400.00 claimants it's a huge amount of money so if by are looking for a deal who's to say the claimants are also looking for a deal because they may be hoping for their own windfall if they can get it in front of a jury like that so there's potential money survey for them there there were reports actually that i had agreed to reach
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a settlement with the claimants that helped push a biased share price back in august but that has now been denied by the regulator who's been working between the 2 sides what a deal would mean is by a to some extent admitting cope ability and in doing so it would have to be admitting that life estate does indeed cause cancer something that is shown no desire to do whatsoever so how close this agreement actually looks is difficult and rob briefly what how significant is this move for buyer as a company i mean there the criticism over this 60 $3000000000.00 takeover of monsanto the maker of of ground 0 has been growing within the company as well yeah i mean there is little doubt within the company that the monsanto deal was a bad deal i mean we have the life's a scandal if you can call it that breakout very shortly after the purchase has it gone through it white 30000000000 off the value of by
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a taking its capital market capitalization to below 60000000000 less than it paid for monsanto you said this is being quite the problem for by its share price continues to slide share holders of very unhappy about it and want to tout the way robots thank you very much. and now to some of the other business stories making the news. has busy plans to fire up to 10000 more staff according to the financial times this comes just weeks after its chief executives stepped down and announced the axe end of 4000 employees citing a weak global outlook the latest cuts are part of a cost cutting drive amid falling interest rates brags that and the long running trade work $3.00 former top barclays executives are due in court on monday there are charged with fraud linked to how the bank raised billions of pounds from qatar
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in 2008 the case centers on the alleged payments to qatar in return for cash that helped the bank during the financial crisis all 3 deny any wrongdoing german arms exports are heading for a new record this year by the end of september export licenses have risen by 75 percent year on year to more than $6000000000.00 euros by far the most exports were approved for hungary egypt follows in 2nd place. the measure would be a 1st in any city here in germany on the initiative of berlin's left wing government berlin senate's is planning to introduce a rent cap to freeze rents for 5 years and most older buildings residents have been complaining that their once famously affordable city was pricing them out now with the new law scheduled to come into effect at the beginning of next year contractors fear business could suffer with homeowners and investors canceling orders. berlin
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is becoming more popular every year its population increases by $40000.00 which is made living space tight many berliners have to pay nearly half their income in rent the left wing coalition governing berlin wants to change this by introducing a new law against upping rents. yes i will stop rent increases that is will freeze rents for 5 years say for a few exceptions no more rent increases are allowed the state is intervening in the real estate market which until now was largely left to the private sector robust rental income has let landlords pay for upkeep for their properties like roof maintenance roof or michael has been secure for the past 5 years that could now a change so that if you describe to you that there's been a lot of discussion most of it negative tenants are happy to be paying less rent of course but in the companies people are worried about their jobs.
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alarm bells are also ringing in his boss's office. there's a reason. you know this kind of state intervention is scaring investors away they've no interest at all dummies for a company of course we're not getting any more reefing contracts because renovations and a longer taking place. start. berlin's real estate market is worth 9000000000 euros every year from the point of view of the ruling coalition there's too much biking lation in the market and the criticisms from the building sector can't be taken seriously. our dozens of video and it's a lot of high level whining all this is is a ban on rent increases for 5 years and it will not lead to the kind of disruption they're talking about 50 of them yes. yes i have work until the end of the year but a total of $4000000.00 euros worth of contracts from the burning construction
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industry are gone and i have to think about whether to layoff about 10 to 15 percent of my crew i have 50 people. to support his daughter at last it was. many contractors in berlin agree the larger cap rents in berlin has not yet passed the state parliament in any case the construction sector hopes that it won't. and that wraps up our program i'm chris coburn bill in for me and the entire team thanks for watching have yourself a success. call
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me a coward superhero 6 my mission is clear. and clearly explore germany. does. everything out there's a lot going on in the book. to w. . and
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i'm game on the ground news illusions are much closer it's closer to my son the scope a slow success. climb a strange since returning. only dream since shutout. sébastien kena is one of germany's top triathletes in trying very hard and competes against the world's best athletes and i'm sure you need to work hard every day so you have even a vague chance of making it to the finish line hoping for the off. the bus down as an italian alps man having no training for the upcoming triathlons the season in mid october he'll compete in the why and that way he'll swim 4 kilometers cycle 100 an easy kilometers and then run our full marathon.
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sebastian is talking with his wife christina training for need some iron man in 10 days time but not everything is going to plan. it off the other day i was on the cycle track which was really busy someone was coming towards me and i stepped out of the way it went to the skirt with my right foot with the news i twisted my ankle really badly and then i thought ok that's it i won't be doing any sport for at least a year in this. fortunately he only strained a ligament. is one of the well you can still see the.

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