tv Business Deutsche Welle October 8, 2019 5:15am-5:30am CEST
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the fall of the berlin november 9th. climate protests target business districts in cities around the world but the wall street even notice we'll hear from our financial correspondent there. also on the show cambodia could lose its lucrative trade deal with the european union i'll tell you why. and for lent wants to frisco rocketing 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 birds of the lead. thanks for joining us. the
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united 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 corn and wheat in return the u.s. will slash levies on japanese machine tools and other equipment the deal also includes $40000000000.00 worth of digital trade u.s. had a $58000000000.00 trade deficit with japan and 20 teen. so please 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 and fake blood and the way 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. 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 did not 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
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extinction. 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 the 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 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 to 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
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1st in new york thank you very much. and staying in the us a trial in st louis over the alleged cancer links of buyers life 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 a company has already lost 3 cases in the u.s. it's appealing all 3 verdicts and continues to argue that round up the save 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 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 critic ken lee
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arrested on the on of actually off his death. 2016 now who do that to the east face imprisonment i think government cracks down on public opposition rallies this human rights group must remember late 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. 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 manufacture seat covers for german car manufacturers the manager has crunched the numbers. if it is being cast as we have been known to be checking. products we will be affected with taxes 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. yeah ya get the suspension you will receive it would be counterproductive you don't seem you would know what you want to tell you such as well. 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 agreement wouldn't be too damaging. some negative effect slower growth of course. to be laid off but i think not be a disaster because the size of the economy and the vibrancy is. now. it is getting harder and harder for the new to maintain a 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 lissa to 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's 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 under. 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 overflight 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 $40000.00 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. given f. 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 for michael has been secure for the past 5 years that could now a change so that if you describe it 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 roofing contracts because renovations and eye 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 by coalition in the market and the criticisms from the building sector can't be taken seriously. our dozens of video is 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 in 54. 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 from the burning construction industry are gone and i have to think about whether to layoff about 10 to 15 percent of my crew i have 50 people. 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's it for me and the business team as always you can find out more about these stories online dot com slash business i'm stephen there's a blood let's watch. is
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he a traitor or a fighter for free access to information. julian assange. the founder of the wiki leaks whistleblower platform is in a london jail and he's waiting to see if he'll be extradited to the united states or to sweden. how much truth lies behind the charges against julian assange. close up next on details.
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