tv Business Deutsche Welle October 8, 2019 1:30am-1:46am CEST
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take it personally you end with a little bit wonderful people in stories that make the game so special. for all truth. because more than football online. the. climate protests target business districts in cities around the world but the wall street even notice here from our financial correspondent there. also on the show cambodia could lose its lucrative trade deal with the european union we'll tell you why. and berlin wants to freeze skyrocketing real estate prices we'll show you what both sides are saying about the controversial red cap measure. this is your deja vue business report i'm stephen beard's in berlin thanks for joining us the united
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states and japan signed a limited trade agreement on monday with the 2 sides cutting some tariffs leaving a disagreement over car imports unresolved under the deal japan will cut tariffs on u.s. farm goods like beef corn and wheat in return the u.s. will slash levies on japanese machine tools and other equipment that you also includes $40000000000.00 worth of digital trade u.s. had a $58000000000.00 trade deficit with japan years and 20 teen. so. over to the e.u. where activists from the organization extinction rebellion have staged protests in several cities around the world including those in europe and new york the climate activists smear themselves and emblems of wall street fake blood and they live in the street to block traffic the group is calling for governments and businesses 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. now earlier
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i asked our what wall street correspondent yes quarter if wall street had reacted to this disruption well i mean the reaction on wall street was muted i did talk to some traders i did talk to some 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 big then dragged on for months we had thousands of people flooding wall street during that time so this
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extension. of protest here is nothing in comparison what we've seen big ben was occupy wall street the as well as you got 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 a deal any closer in this case. well what we've heard over the weekend is that 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 a cost per day between $50.00 to $100000000.00 because of the strike that 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 to 10 percent in the course of those 3 weeks plus for
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a big story there facing one of the world's biggest automakers yen's quarter their 1st in new york thank you very much and staying in the us a trial in st louis of the alleged cancer links of buyers glaive a state based herbicide roundup has been postponed until next year the move comes as buyers facing thousands of lawsuits claiming that roundup causes cancer the company's already lost 3 cases of us it's appealing all 3 verdicts and continues to argue that roundup is safe the herbicide was eventually made by monsanto which buyer acquired last year from us 2 decades cambodia has enjoyed duty free access to the european union single market thanks to the so-called everything but arms or a agreement is stipulates that developing nations get trading privileges in exchange for upholding democratic values now cambodia's deteriorating human rights situation is jeopardizing that deal. supporters of the market agree jean
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critic ken lay's arrested on the city of his death. bed 2016. to the east face imprisonment as the cambodian government cracks down on public opposition rallies this human rights group must remember late privately. they are demanding justice. that. really. 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. 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
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to tell me the agreement a move that would hit the textile industry hard equal parts manufacturer seat covers or german car manufacturers the manager has crunched the numbers. if it is being cast as we have been known to be checking into the. products we will be affected with taxes between 6 percent. of the german business club in phnom penh the everything but arms trade agreement is also on the agenda. as a group. yeah we all get a suspension you will receive people because you don't see with what you know but. your sister's. chinese companies are investing heavily in cambodia and china is a growing market for cambodian goods it's one reason why economists here reckon
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a tammany of the greenman wouldn't be too damaging. some negative effect. slower growth. but not be a disaster because the size of the economy and the vibrancy is. now. it is getting 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. and let's take a look at some of the other stories making headlines around the world. authorities in the southern indian state of telangana have sacked 48000 regional transport workers that after a strike they were staging continued beyond the 2 day deadline set by the regional government state ministers said it was unpardonable to take industrial action during festival season. the gap between the haves and the have nots in germany is
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bigger than ever before according to a new study that's despite a generally healthy economy and years of sustained economic growth the hog's booklet foundation studies scuse me the foundation study shows that while high income groups have become wealthier through investment and business income the poorest 40 percent of households have slid backwards and. the british government has brought home the last of the 150000 holiday makers left stranded by the collapse of thomas cook the final rescue service was from florida to manchester the same route as the company's last ever flight 2 weeks ago. it would be a 1st for any german city a measure to freeze rents in berlin for 5 years and most older buildings the city's left wing government says the red cap is the best tool to stop a torrid real estate market from pricing out older reds and families but
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contractors say that under the measure due to begin next year they would pay the biggest price berlin is becoming more popular every year its population increases by 40000 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 rent. an f. stop rent increases that is will freeze rents for 5 years say for a few exceptions no more rent increases are allowed. this 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 now a change this with 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. this starvation 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 are no longer taking place but it is a 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 by coalition in the market and the criticisms from the building sector can't be taken seriously. 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 you know. yes i have
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work until the end of the year but a total of $4000000.00 euros worth of contracts in the building construction industry are gone and i have to think about whether to lay off about 10 to 15 percent of my crew i have 50 people. a dozen or so 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's it for me in the d.w. business team as always you can find out more about these stories online dot com slash business i'm stephen there's a blunt thanks for watching. every
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highness prompt. how do the romantic master come up with such as. the brahms code. tobar 11th w. thought enough. welcome to news from the world of culture we'll be discussing a google exhibition in london that's causing a bit of controversy in just a minute also coming up. diversity in the fashion world leaves something to be designed we take a look at senegalese fashion designer out of my parents who's trying to correct this imbalance. and in our series 100 german must reads a philosophical novel about
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a man who fears he's not living his life to its full potential night train to lisbon by god the message. the french painter paul gauguin was one of the greatest post-impressionist painters of the 19th century but was sadly not appreciated in his lifetime and died in relative poverty in the french polynesian ma cases islands in the south pacific in 93 he's particularly renowned for his experimental use of cholera at the time and of course is portraiture the national gallery in london is currently holding the 1st ever exhibition solely devoted to his portraits. did his most famous work on the pacific island of tahiti the artist was fascinated by society's close to nature he travelled to what was then a french colony for the 1st time in 891.
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