tv Business Deutsche Welle October 7, 2019 11:15pm-11:31pm CEST
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b.d.'s it's drastic measures of climate protection meanwhile the german government here in berlin has come under scrutiny for not offering these measures the climate activists however are showing them mean it's they want to continue these acts even though the police is trying to remove them from the sides throughout the coming week. you're watching news live from berlin stephen beardsley is up next with your business i'll see you tomorrow for. the. first. home to use of species. we're seeing if we can. get those are big changes and most start with small steps that can. tell stories of creative people and innovative projects around the world
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. to use the term climate to screen shots and resource rich. interactive content teaching the next generation about the touch of. music channels available to inspire people to take action and more determined to do something here for the next generation globally sfi environment series of global 3000. climate protest targets business districts and cities around the world but did wall street even notice to speak with a financial correspondent there. also on the show the deadline for a no deal brags it is nearing and trade is already suffering show you the latest alarming export numbers out of german. and cambodia to lose
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a lucrative trade deal with the european union we'll tell you why. i'm stephen beers in berlin this is your business report thanks for joining us activists from the organization extinction rebellions staged protests in several cities across the world including new york climate activists smeared themselves and emblems of wall street in fake blood and they lay in the street to block traffic the group is calling for governments and business to cut fossil fuel emissions and for changes to environmental policies the group says protests took place in 60 cities around the world on all continents. and let's go now to new york where our financial correspondent yes court is waiting for us there is yes this massive action around the world including one of wall street to investors notice anything well i mean the reaction on wall street was muted i did talk to some traders i did talk to some
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police officers about overall they didn't really pay that much attention but if you look at it overall the fossil fuel industry in the u.s. the franker is for example certainly they do depend on money from wall street but what we've seen here on a monday is nothing in comparison what we saw in 2011 when the occupy wall street occupy wall street movement started as a reaction after the huge financial crisis so this protest back then dragged on for months we had thousands of people flooding wall street during that time so this extension. of protest here is nothing in comparison what we've seen back then was occupy wall street the years when i ask you about another action is taking place on the street and that is the g.m. strikes going on right now in the states it's in its 4th week is the deal any closer in this case. well what we've heard over the weekend is that
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the talks actually have turned to the worse so no immediate deal seems to be imminent we hear from wall street analysts that g.m. is facing costs per day between 50 to $100000000.00 because of the strike j.p. morgan is estimating that so far the damage for g.m. has been about $1000000000.00 and the stock of general motors is down by a good 10 percent in the course of those 3 weeks plus all right a big story there facing one of the world's biggest automakers younes quarter their 1st in new york thank you very much let's go back to europe now where the deadline for threatened no deal brags it is getting closer with businesses warning of the potentially devastating consequences of an abrupt u.k.
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departure from the e.u. now new figures show that the threat of bragg's it alone is already hitting the u.k.'s trade relationship with the e.u. quite hard london and brussels are at an impasse so things are not looking good for businesses german exporters have already been suffering losses linked to breaks that poured into the german federation of exporters the b g 8 in the 1st half of this year german exporters to the u.k. last trade worth over 3500000000 euros as a result of brags that it says and things could get worse the for london and brussels cannot reach a deal for an orderly breaks it brings on the president of the b.g. a says great britain has now slipped from germany's 5th most important trading partner to 13th place below poland. no deal would be expensive border controls and customs could raise costs in several areas its logistics transportation and data protection but hard brags it is looking ever more likely
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european leaders are expressing doubts about inking an agreement in time for the tollbooth 31st deadline. and let's take a look at africa now where planning a trip to the continent is getting pretty popular tourism there is rising rapidly at 7 percent a year it's the fastest growing region outside of asia pacific african nations have spotted that potential and are building the infrastructure they need to welcome even more visitors. big game is big business for many african countries attracting 67000000 tourists to the continent last year for a long time crumbling infrastructure was the elephant in the room causing huge problems now along with growing tourist numbers things are changing ethiopia is a good example the airport at addis ababa has been transformed into one of the continent's most important transport hubs the country has also relax its these
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requirements and tourists are flooding in numbers grew 50 percent last year more than any other african country. but many regions are getting a lift from the tourist been in sub-saharan africa and basement is being funneled into nearly 46000 new hotel beds and north africa there are plans for 21000 beds and investors are looking at more than just holiday makers. they want a top end to the lucrative business travel market in may this year the african continent to free trade agreement entered into force and is expected to give the combined economies a shot in the arm for south africa kenya in rwanda or 3 countries which unwell from conferences and trade fairs. tourism already accounts for 8 and a half percent of african business providing $24000000.00 jobs and there's potential for more as the continent writes the growing tourist wave. over
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europe or inequality in germany is rising and so is poverty that's according to a new study from the country's hugs burglar foundation it shows that even as germany's middle class continues to fare well the edges of society the wealthy and the poor are moving further from one another. the gap between rich and poor in germany is widening a new study by the hunt's booklet foundation shows households sliding into poverty that's despite economic conditions which should favor a more equal income spread time number right now we have close to record employment and a good economic situation and in spite of that income disparity is climbing and poverty is rising well that's what's so shocking about it. people earning less than 60 percent of the average income fall below the poverty line for a single person household in germany that equates to about $12500.00 euros a year more and more people are slipping under this benchmark and 201014.2 percent
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of germans were below the poverty line in 2016 it was 16.7 the cologne institute for german business has criticised the study saying that there are important factors that haven't been taken into account. we can see that in the last few years there's been a rise in poverty simply because we have more refugees here and we have to integrate them into the labor market of course improved language skills would help as with childcare places and integration measures must know there's also another reason for germany's growing inequality the study says wealthy germans have profited significantly from the rising stock markets and real estate prices in recent years. for most 2 decades cambodia has enjoyed duty free access to the european union single market thanks to the so-called everything but arms or agreement it holds the developing nations get trading privileges in exchange for
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upholding democratic values cambodia's deteriorating human rights situation is jeopardizing that deal. supporters of the market region critic ken lay arrested on the city of his de. lay he was shot dead and 2016 now these activists face imprisonment. as the government cracks down on public opposition rallies this human rights group must remember lay privately. they are demanding justice. that. really stop the independent investigation commission to ensure that justice will be brought to the public to find out who is a really. great guy. under the so-called everything but arms treaty cambodia can export all products excluding weapons into the e.u.
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duty free and return the regime needs to respect human rights and promote democracy at the moment the e.u. is questioning whether cambodia is keeping its side of the bargain if not they want to tell me the agreement a move that would hit the textile industry hard equal parts manufacture seat covers for german car manufacturers the manager has crunched the numbers. if it is being cast we have been known to be checking the. products we will be affected when x. is between 2 and 6 percent. of the german business club in phnom penh the everything but arms trade agreement is also on the agenda. as a group. you know we are against suspension you will receive people because you don't see with what you know but. your sisters as well.
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chinese companies are investing heavily in cambodia and china is a growing market for cambodian goods it's one reason why economists here reckon a tammany of the e.b.e. agreement wouldn't be too damaging. some negative effect. slower growth of course. to be laid off but not be a disaster because the size of the economy and the vibrancy is large and. it is getting high. harder and harder for the e.u. to maintain the free trade deal in return for respecting human rights and political freedoms and all the while waiting in the wings ready to benefit a powerful opponent china. that's a firm in the business team thanks for watching. is
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after the fall of the berlin wall nov 9th to double. this as news africa coming up on the program impunity in south sudan i missed the international releases the down the reports on the civil war in south sudan bought up 400000 dead in the ongoing conflict a council that uses of human rights to a new one being brought to account also coming out. coming to an opposition leader out more risk.
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