Skip to main content

tv   Business  Deutsche Welle  October 8, 2019 12:30pm-12:45pm CEST

12:30 pm
it's personal it's divisive it's about topics that affect us all want to listen to climate change and to turn. to. only 3 things check it out. right before the next round of trade talks the mood turns sour beijing is fuming over the u.s. adding over 2 dozen chinese companies to a blacklist that washington claims thursday's trade negotiations won't be effect also coming up another mega merger not materializing the hong kong stock exchange drop its $39000000000.00 bid for the london bars will file fill you in on all the details and as andress over subsidy cuts rattles ecuador the conference in
12:31 pm
frankfurt tries to identify opportunities and challenges in latin american economies. because scoble welcome to the program it's a move that was bound to trigger an angry response and indeed china has voiced what it called strong dissatisfaction of a u.s. blacklist of $28.00 chinese companies washington says the firms have all been involved in the persecution of muslim minorities in china and denies it has anything to do with this week's straight talks. this is what the white house says the latest mass blacklisting is all about the claims the 28 companies that helped beijing build what amounts to a police state in she jang suppressing ethnic week is another mostly muslim minorities. among the firms 2 of the world's largest manufacturer is of surveillance equipment hike vision and. the u.s. is hurting china's chances of becoming a world leader in the sector days before trade talks is due to resume well we want
12:32 pm
to make a deal the down 3 and a half 1000000 jobs since we started doing what we do and their supply chain is really cracked in broken and they want to make a deal and i'll tell you the americans insist the blacklisting has nothing to do with the trade talks saying it keeps human rights and economic concerns separate however the white house is reported to have previously shelved ideas that would have shone a light on chinese abuses for fear of the railing the discussions china says the surveillance and she chang is part of the fight against muslim extremism now beijing has to watch on the list of chinese firms banned from trading with the u.s. gets longer still. the hong kong stock exchange dropped its unsolicited bid for the london boroughs on tuesday hong kong accent offer a $39000000000.00 for the l.s.e. group in a surprise approach made public last month in
12:33 pm
a statement target said it was disappointed that it had been unable to engage with the management of l.s.e. the offer at threat to our penned the elysees own $27000000000.00 plan to buy data and analytics company griffin live. well for more on this let's bring in our financial correspondent paul 'd christian brits in frankfurt paul christian. in the end rejected this offer it was unsolicited $39000000000.00 worth of the table was it just not enough money a what was the reason. while there was an official reason and then there was an in the fischel reason as the so often the case here. the management rejected that bid very very fast it was within 2 days that i will see said well no that's not not going to happen and the official reason being that the offer was conditional that drop their acquisition of. data financial data service provider that they're trying
12:34 pm
to acquire in order to diversify and change their business so that's the official one the other one is has been trying to solve this image of being the gateway to china to asia but it's also in recent months become a worry that it might be too controlled and the idea of the chinese taking taking over european operations doesn't bode well with a lot of people so that's the other reason that analysts suspect for this very emphatic rejection that came so quickly across the river frank. and now to some of the other stories making news around the world samsung electronics is expecting its operating profits to drop more than 56 percent in the 3rd quarter down to $6400000000.00 a stark reversal from the same period last year when it posed record results the south korean tech giant cited a sluggish global demand for computer chips a policy unit in the united states is suing boeing over wages lost as
12:35 pm
a result of the grounding of the $737.00 max worker representatives that budget carrier southwest airlines say staff of missed out on $100000000.00 and pay because of the model being out of action 737 max was grounded think in march after being involved in 2 fatal accidents. to ecuador now and tensions are running high in the south american country indigenous people and farmers have been clashing with security forces and their protest of soaring petrol prices earlier the government has scrapped fuel subsidies in order to obtain much needed financial aid from the international monetary fund the clashes have only been the latest incidents in days of looting and vandalism which prompted president boren no to declare a state of national emergency. angry protests on the streets of quito the capital of ecuador. they were triggered by exploding petrol and diesel prices since the
12:36 pm
government cut its fuel subsidies. that the government has to pay for this economic crisis people are sinking into misery. if people are hungry they will fight and fight on where look bad are actually allowed to have ecuador is fighting a recession president moreno has received a loan of up to $4200000000.00 u.s. dollars from the international monetary fund but it's set conditions including slashing subsidies in response to the mass protests and riots the government has declared a state of emergency. ecuador lives from its oil its most important export despite massive criticism from environmentalists oil is also produced here in yes sunni national park. ecuador has high debts especially to china in recent years china has become the south american countries main investor building
12:37 pm
contractor and most important lender. loans amounting to more than $18000000000.00 u.s. dollars have flowed from china to ecuador since 2010 according to the china latin america finance database for the construction of roads oil platforms and power plants ecuador repays loans to china with oil around 90 percent of the oil ecuador produces heads across the pacific. economic situation in ecuador and other countries of the region are discussed today at the latin america conference in frankfurt here in germany you know your correspondent karl you note your ma is standing by their current leader ecuador's president wanted to attend the conference somewhat as a guest of honor but cancelled because of the unrest in his country troubles more on how this was received. exactly the president of ecuador and the hold a delegation can so they are not here today they were supposed to be the guests on
12:38 pm
or the whole conference made. with that and they are today the great absentees here and this is kind of surprising because it seemed to be a political stable country some months ago but and tailed president and all and at the subsidies of oil of gasoline in the country and we have already seen the unrest that this costs there so this is also one of the big topics that we are talking about here even though discomfort ends is supposed to promote business ties to latin america to the region we can't we can't deny that to that the ara's in ecuador is also one of the big topics also the political situation in peru as well as the political instability in brazil and of course also venezuela so it is difficult to promote a region that is now in such a political situation now speaking of economic ties if you look at ecuador
12:39 pm
there appears to be a higher economic dependence on china what does that entail. exactly it's not only ecuador it's a whole region china is present there they have big interests in the commodities in latin america but they're also very present in the sector of infrastructure and transport already for years we can already see that young businessman and business woman from china from china as a very well spanish they know the culture very well and they are present already for years not that much europe for example or germany. talking about that if you look at the bigger picture have companies from germany or other western countries missed the boat in latin america. well perhaps it's not so late to they the minister of economic affairs sent here
12:40 pm
saying that the carts has been have been mixed and that this is a chance for europe and specially for germany to start investing a latin america that it is a chance to make new friends in an economic level and to pound away from from other big countries a he means by that of course also the united states and china he sees a chance in latin america and he thinks that especially the smaller the small enterprises from from germany have a chance here the so-called hidden champions that have an expertise in some sectors latin america would need to now in the transport them infrastructure curliness are more reporting her friends virtually no thank you. and staying with the economic development of latin america the plans of the brazilian government to boost activity in the amazon continue to spark fierce debates environmentalist and several international leaders accuse president variables and auto of calls an
12:41 pm
irreparable damage to the natural world. this road cuts right through the rain forest in the state of power in northern brazil it's part of the trans amazonian highway a huge project begun in the 1970 s. with the intention of boosting growth in the region. every day thousands of truck drivers use the network to deliver goods like corn and soy to ports. but because of high construction costs only part of the project was ever completed now brazil's president narrow wants to get the job done ordering construction workers to complete the paving and replace wooden bridges with concrete. that has sparked concern among environmentalists who say ramping up development could have a devastating impact. in our field work in the
12:42 pm
trans amazon and can be our 163 areas we find that the moment you open a road you are unable to for a station of around a 100 kilometer along those roads meaning 50 kilometers on one side and 50 on the other. with the poles. with images of the burning amazon still fresh in people's minds the highway construction project has come to exemplify the continued battle between economic development and environmental protection thanks for watching. the be.
12:43 pm
the be. lucky. guy you don't need to keep a day available both for the older match and home the 4th time for the whole of the closeness even that. is the bottom of the ballet that the last drag this word has called the harm. to the real books on. the benefit and justice and freedom the 1st words of the german national anthem and the 3 central families that formed the foundation of this country are going to use values
12:44 pm
developed in. part is it to live by and defend the principles of justice and freedom no one is mean to suborn china. serums starts october 21st on d w. hello and welcome to news from the world and 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 lead something to be designed we take a look at senegalese fashion design out of my parents who's trying to correct this imbalance. and in our series 100 german must reads a philosophical novel about
12:45 pm
a man who fears he's not living his life to its full potential night train to lisbon by pascal a message like. the french paint. was one of the greatest post-impressionist painters of the 19th century was sadly not appreciated in his lifetime and died in relative poverty in the french colonies in ma cases islands in the south pacific in 1003 he's particularly renowned for his experimental use of cholera at the time and of course his portraiture the national gallery in london is currently holding the 1st ever exhibition solely devoted to his portraits. and did his most famous work on the pacific island of tahiti the author.

26 Views

info Stream Only

Uploaded by TV Archive on