tv Business Deutsche Welle October 8, 2019 11:15pm-11:31pm CEST
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you have been missing. his best quality is his finishing he's very dangerous in and around the books he's got a lot of quality and doesn't need many chances to score goals and photo the coach will be hoping those words ring true against argentina. are you watching the w. news line from berlin stephen beardsley is up next with the business stick around for that i'm sure you'd like to have your company most of them are. in charge of the famous naturalist and explorer. to celebrate comics on the phone it's 250th birthday i remember going on a voyage of discovery. expedition voyage on t.w.a.
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. language course and. video. any time any. of us out dozens of chinese companies to its export blacklists just days before the latest trade talks between the 2 sides because what it mean for negotiation will take a look. also on the show both sides in the china n.b.a. dispute dig in but in the asian power and the world's top basketball league. really
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live without one another. do i about had calls on squabbling nations to set aside their differences and join forces to halt the global economic slowdown. and we'll look at how an entrepreneur in mumbai hopes to push electrical ability with a horseless carriage. this is your business report i'm stephen beers in berlin thanks for joining us. the united states has added a further 28 chinese companies to a trade blacklist saying the firms have all been involved in the persecution of muslim minorities in china beijing was swift to respond signaling it will hit back now this comes just 2 days before u.s. china trade talks are set to resume aimed at ending a protracted tariff war. the timing couldn't be worse the u.s. targets 28 chinese firms in its new blacklist this week but says it has nothing to do with the trade talks with beijing on thursday washington alleges the company's
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helped china suppress ethnic and mostly muslim minorities in what amounts to a police state and she jiang and beijing has issued a stern rebuke. me a phone there is no such thing as the so-called human rights problem as alleged by the united states he accusation is nothing but a deliberate pretext created by the united states to interfere in china's internal affairs. for its part the u.s. says it keeps human rights and economic concerns separate but it is reported to have previously shelved releasing information that would have shown a light on chinese abuses for fear of derailing negotiations the decision to announce the allegations this week has done little to ease tensions between the world's 2 largest economies. and for more on this let's go to our financial correspondent in new york against quarter yes the u.s. says that this latest news this latest addition to the export blacklist should not
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affect the upcoming trade negotiations what are markets say well it's hard to imagine that the trade talks will not be aware laughter all the latest news so by the way we also heard that there will be visa restrictions on chinese fish old. stock market here quite a bit we saw chips are losing 300 points and we basically did see some of the stocks that are in the midst of those trade disputes that lost the most now yes this is the 13th round of negotiations between the u.s. and china if i have that correct what are investors expecting from this round if anything. while in the best case the 2 sides will continue talking and the next round of new terror of said are supposed to kick in in a couple of days can be averted maybe there might be also some agreement of
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loosening some tariffs but that does seem pretty unlikely at this point and if you look at some of the big tech companies for example here in the u.s. they're not allowed to do business with some of those chinese companies and then also we could see action from the chinese side as well so at this point it doesn't really look very likely that we will get any kind of a big deal and we shouldn't forget it's not just about the tariffs it's about. identity it's about. many many other issues it's about some subsidies from the chinese government to chinese corporations so there's a lot on the table and as i said in the best case at least the next round of terrorists can be averted but that does not seem very likely at this point all right in support of their force the wall street thank you. let's go now to another dispute involving china the one with the n.b.a.
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that's america's lucrative basketball league of course the spot escalator on tuesday as both sides defended their position following a tweet by team executive over the protests in hong kong hundreds of millions of n.b.a. fans in china now find themselves caught between patriotism and the game they love it's a dispute that's beginning to look like a lose lose for everyone. i can even think with the chinese government censoring everything i write. south park is mocking china chinese censors deleted clips of the comedy central show after an episode made fun of hollywood's efforts to please beijing the creators of the show stone and trey parker tweeted a mocking apology. like the n.b.a. we welcome the chinese sensors into our homes and into our hearts we too love money more than freedom and democracy china's state broadcast the c.c.t.v. has opted not to wear any n.b.a.
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games this week that includes popular contests with the l.a. lakers and brooklyn nets the decision came after n.b.a. commissioner adam silver declined to apologize for houston rockets general manager daryl murray's tweet which supported the hong kong protesters. the long held values of the n.b.a. are to support freedom of expression and certainly freedom of expression by members of the n.b.a. community and in this case there are more as the general manager of the houston rockets enjoys that right as one of our employees business magazine full says n.b.a. china is worth more than full $1000000000.00 and there are more basketball fans in china as well than in the u.s. meaning both sides have plenty to lose from a protracted fight. chris alina isn't mensing words the new head of the international monetary fund warns in her 1st speech the trade wars geo political tensions and brags it could lead to broken supply chains and thus
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compromised global growth the consequences she said will still be felt in a generation. trade conflicts are causing widespread lasting damage that's according to the i.m.f. incoming managing director christina. she fears they could shrink the global economy by $700000000000.00 or 0.8 percent of g.d.p. next year 20. today even more of the world economy is moving to see but unfortunately this growth east celebrating to be precise in 2019 we expect slower growth in nearly 90 percent of the worlds in other words the world economy is no synchronized slowdown. the former world
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bank chief went on to say the looming crisis requires a coordinated response to tackle what she calls the most serious threat since the global financial crisis a decade ago in the event of a major economic downturn the i.m.f. expects many companies to fail $900.00 trillion dollars of corporate debt could then be at risk of default the fund is especially urging strong economies like germany the netherlands and south korea to increase government spending to help boost demand in stimulate growth but says that kind of stimulus is not appropriate for all countries because so many already have record high levels of public debt. let's go over to the middle east where saudi arabia and the gulf states have given sudan one and a half $1000000000.00 in promised aid with another one and a half 1000000000 to follow by the end of next year the aid consist of a $500000000.00 payment to sudan central bank and $1000000000.00 worth of food and
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petroleum products lines for bread and fuel are common in sudan a package was agreed upon soon after former president omar al bashir was ousted during a lifeline to sudan's new military leaders. india wants to push electric mobility in fact within the next 10 years the country wants half of all traffic to be emissions free and that includes vehicles aimed at turrets the solution in mumbai or horse drawn carriages are banned could be an electric carriage. totally silent and emissions free. these carriages the lightest attraction on the streets of mumbai. if you think they're missing a bit of power you'd be wrong. these chariots are run on electricity. the 1st customer of the day is 89 year old s.p. . having completed his maiden voyage he seems in them and by this mode of transport
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of one. and i'm really fond of these new things. new thing i feel. nice and i must add my own group the time it. the electric buggies are the brainchild of this man. he's hoping that inventions of this kind will help make india's transport sector more environmentally friendly. the government has ambitious goals in the area in the next decade it once over half the vehicles on the road to be electric. a common man's going to but at the end of the day when you sit on a. thing at a speed of maybe. it was iconic i had to. view it on it's going to experience some 40 electric carriages are already being used to ferry
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tourists to mumbai's famous signs for an old school chum alongside a new age technology. and will stay with the auto industry where nissan has named its new c.e.o. it's appointed the head of its china business. to the position that follows a 3 month search for a successor to his. part of the sheet is job will be to deal with what's been described as a civil war in the company's board room yeah this fear since the arrest and dismissal of former chairman carlos has been described as toxic. and that's it for me and the business team could of course find more about these stories online dot com slash business. thanks for watching.
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