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tv   Business  Deutsche Welle  October 9, 2019 1:30am-1:45am CEST

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literature invites us to see people in particular. time. on you to. do us adds dozens of chinese companies to its export blacklist just days before the latest trade talks between the 2 sides began so what could it mean for negotiations . also on the show both sides of the china in be a dispute begin looking asian power in the world's top basketball league really live without one another. this is a business report i'm stephen beard thanks for joining us united states has added a further 28 companies to an export blacklists saying the firms have all been
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involved in the persecution of muslim minorities in china beijing was swift to respond signaling it will hit back this comes just 2 days before u.s. china trade talks are set to resume aimed at ending a protracted 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 helped china suppress ethnic and mostly muslim minorities in what amounts to a police state. and beijing has issued a stern rebuke. me if i don't 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.
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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 quarter yes the u.s. says that this latest news this latest addition to the export blacklist should not affect the upcoming trade negotiations what are markets say. well it's hard to imagine that the trade talks or will not do you whale after all this latest news so by the way we also heard that there will be visa restrictions on chinese fish olds and the stock market here quite a bit we saw blue chips are losing 300 points and we basically did see
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some of the stocks that are in the midst of those trade dispute with that loss 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 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
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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 new tariffs can be averted but that does not seem that likely at this point. in support of their forced the wall street thank you. to another dispute involving china the one of the n.b.a. america's lucrative professional basketball league that spat escalated on tuesday as both sides defended their position following a tweet over the protests in hong kong. i can't 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
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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 broadcaster c.c.t.v. has opted not to wear any n.b.a. 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
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china as well than in the u.s. meaning both sides have plenty to lose from a protracted fight. thing in asia the hong kong stock exchange dropped its unsolicited bid for the london boards on tuesday it had offered $39000000000.00 u.s. dollars for the l.s.e. group and a surprise approach made last month. in a statement the hong kong exchange said it was disappointed that it was unable to engage with the management of the l.s.e. the offer had threatened to up in the elysees own $27000000000.00 plan to buy data and analytics company refine it is. a saying in asia samsung electronics is expecting operating profits to drop more than 56 percent in the 3rd quarter down to $6400000000.00 that's a stark reversal from the same period last year when the company posted record results south korean tech giant cited sluggish global demand for computer chips but
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it's not all doom and gloom analysts expect the markets recover as the next generation networks are rolled out crystal. isn't mensing words new head of the international monetary fund warned in her 1st speech that trade wars geopolitical tensions and brags it could all lead to broken supply chains and thereby compromise global growth the consequences she said would 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 giva she fears they could shrink the global economy by $700000000000.00 or 0.8 percent of g.d.p. next year between. to date even more of the world economy is moving king see but unfortunately this time growth east celebrating to be precise in 2019 we expect
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slower growth in nearly 90 percent of the worlds. in other words the war economy is no synchronized slowdown. the former world bank chief went on to say the looming crisis requires a coordinated response to tackle what she called 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 $1000.00 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 and 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.
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have you ever heard of the cooney a wall it's very fine and stems from a relative of the alpaca and the south american andes the wool is valuable with the sweater running about $2500.00 that makes it big business for the villagers the produce it take a look at the people of san juan de taro county are gearing up for a day of hunting but they won't harm a single hair on the head of the vick who live here in the peruvian highlands almost 5000 meters above sea level. the yearly check who or ritual is about gathering the will of the wild animal one kilogram can earn you almost 700 euro's you need to shear 3 or 4 of the years to get that much. since the time of the incas the check of the vicar news has been conducted to share the news and you know that the will of the is the finest in the world that's why the
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community is organized into an association we've been working since 2001. during the time of the income as there were millions of the by 1965 there were almost extinct efforts to preserve the creature have increased the number to over 200000 protecting the which are related to llamas and alpacas has become big business the world trade organization says sales have risen almost 80 percent in the past 10 years peru alone sold 28 tons of the wool during that time to places like italy in this shop in lima a jacket made from certified will cost more than $9000.00 euros. certificate with its number gives you traceability it's a designation which tracks the fiber from its departure sharing to the final end product. for the 80 or so inhabitants of san juan to tar
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economy it's not just shearing the wild yes that's good business the chuck you ceremony also attracts tourists to the remote area. the visitors can rarely afford garments made from for cooney a wool but they're also interested in products made of all pocket or llama wool which the highlanders have also made themselves. and that's it for me in the business going to course find out more about these and other stories online at www dot com such business i'm stephen beers in berlin thanks for watching.
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cutting through the noise around where i come from people are known for being tough but fair to your can get loud and people tell it like it it. they call it the concrete jungle the melting pot the city that never sleeps it's this energy that makes it feel like home but amid the hustle it's important to listen and pay attention because it's not just the loudest voices who need to be heard we all have a story to tell i see it as my job as
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a journalist to go beyond the obvious now i'm based in europe and my work takes me around the world but my instincts for me in the state to tell the important stories behind the headlines what is the hardest. why does it matter who the lead impact not just stay focused if you want us to cut through the noise to get to the truth. minus our kelli and i put it to death. every journey begins with the 1st step and every language the 1st word which can go nico is in germany to such. a such why not learn with him or her. to suffer it's simple long line on your mobile and free. t w z learning course. german made easy. this you know i mean
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in your minutes i'm gone yes. most of the time what i'm going to miss you know what i'm with what i'm looking as you know i'm not going to sit them. here sassy quote i've only said that i caught going on what they're doing fronted. hello welcome to news from the world about some culture it is what's coming up on the show today. we follow in the footsteps of a renaissance genius leonardo da vinci who spent his final years notes in italy bots in frogs. and the german photographer rudi sebastiano and his fascination with water in all its full.
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we begin with a new film about the most legendary woman in science maggie kookery radioactive is currently doing the festival circuit sanaa man scott rocks for a quarter with it's a rainy and director marjane satrapi zurich film festival in switzerland he'll be here in the studio in a minute but 1st his reports about the film scientists changing. careers scientist rebel and feminist and a new film from mars also in this extraordinary look at the 2 time nobel prize winner and pioneer of the science of radioactivity. so topping remembers her own mother holding the scientists up as a role model for any mother who was preparing her daughter not to making with matt each and become a good wife and wanted a better thing for you know that i could become independent and be someone then you know something.

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