tv Business Deutsche Welle October 11, 2019 11:15pm-11:31pm CEST
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they can do anything they want get whatever job they want to be whoever they want. and maybe ask you in your things my biggest suppose i go along to be a saint. equal money with like like as boy and. angle should be put. i think she's going to win you're wise to do w. news live from berlin stevens up next move business stick around for that. first . home to have species. a home worth saving. given those are big changes and most start with small steps but global ideas tell stories of creative people and innovative projects around the world. is
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the country club which used solutions for station. crew to interactive content teaching the next generation of what it took such action. news channels available to inspire people to take action and we're determined to do something here for the next generation globally the environment series of global 3000 on t.w. and online. the u.s. says it has an initial trade deal with china and delays tariff set to hit chinese goods next week but will a partial deal take away the trade uncertainty that settled over the global economy . also on the show ethiopia's prime minister was just awarded the 29000 nobel peace prize to look at the end vicious economical. forms he spearheaded at home. and
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italian cheese is about to get more expensive for americans the u.s. is set to impose penalty tariffs on european products like cheese in retaliation for in use subsidies to play maker airbus. this is your business report i'm stephen beard's in berlin thanks for joining us the u.s. and china have agreed on a partial trade deal that according to u.s. president trump this means the u.s. is suspending plans to increase tariffs next tuesday on about $250000000000.00 of chinese imports to 30 percent from 25 percent trump and chinese president xi jinping could sign the partial agreement as early as next though rather as early as november investors welcome the news with u.s. markets ending the day higher. and said look at this with our financial correspondent in new york yen scorer and now yes markets have been looking forward to a trade agreement and in particular to this meeting between trump and all day what
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do they make of this trade deal. well there is some relief on the wall street but it will be very interesting to see how the market opens on monday because they have been told many headlines shortly before the markets closed at some point we sold blue chips trading up by more than 500 points what we did not end on the high note the market at the end again a good 300 points well it still is a pretty decent trading session but overall u.s. president donald trump mentioned that it will take 3 to 5 weeks before we will have something in return so a lot of things that we are still with that we still need to figure out and i think investors on wall street will need the weekend to really sort out all the headlines that we just got shortly before the market closed then as we know that the u.s. had a sprawling wish list when it came to these negotiations from closing the trade deficit
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to curbing some of these technology transfers that they accuse china of what does this deal appear to do that appeal does appear to cover these comprehensive areas. and well i mean 1st of all the deal will be broken up in different phases so right now we are talking about face a that is supposed to be done was in 3 to 5 weeks that will mainly include purchases sell for u.s. army culture products at least for u.s. farmers that seems to be good news so we are kind of shy of all the other details but what is very unlikely to happen and we've talked about it all week long is that u.s. corporations are still having a really really tough time to make investment decisions because there's still so many open questions when it comes to intellectual property when it comes to subsidies for chinese run companies so if you're a manager if you run
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a call peroration and you are still in this uncertain environment you're probably still very hesitant to make big investments so unfortunately even if those talks shoulder some progress well we still there's still this uncertainty and that will be with us for quite some time even if the u.s. president donald trump is saying that the trade war is shortly to getting to an end a very good point whether this uncertainty is taken away by a partial trade deal corded there 1st in new york thank you let's go over to africa now he's risen to political stardom in the continent and on friday he received the 2019 nobel peace prize for his role as a unifier ethiopian prime minister abi ahmed made peace with neighboring you're tryna thereby ending one of africa's long running club conflicts now within ethiopia obvious also known for rapid economic reforms and getting the country back
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on its feet after decades of war and poverty. since becoming ethiopian prime minister and april 28th teen abby has been hailed as a visionary reformer but analysts fret that his policies are too much too fast for the political old guard and at the same time too little too late for the country's angry youth whose protests swept him to power be himself says he's pro jobs program with and pro inclusive 80 on the pathway to prosperity and it seems his agenda is delivering results. only looking at the general supply and demand there are indications that the economy is recovering. the economic indicators show that our economy is growing at a rate of 9.2 percent this financial year. his policies have included privatization of key state owned enterprises and a proposal to partly privatized ethiopia's national airline but although he's
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pushed hard to liberalize his country's economy he's coupled economic reforms with reforms to civil society and human rights the country still has a long way to go though just 44 percent of the population has electricity so ethiopia is doing everything it can to attract foreign investment and opportunity that the chinese are only too happy to take advantage of with generous loans but that's a double edged sword in september the un told ethiopia it must get its foreign debt under control. india and china together make up nearly one 5th of the global economy and in a time of weakening global growth and trade protectionism they may have more economic common ground than differences just one reason why chinese president xi jinping visit to india is being closely watched. situation powerhouses have a complicated relationship and india is putting on
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a smiling face to welcome xi jinping. the heartfelt hello can't mask the challenges though in the past few years india has been left behind as china's economic growth the shot ahead china's economy is now 5 times out of india's. the 2 leaders will try to break the lengthy deadlock over a free trade agreement china is india's largest trading partner to trade war with the us means china wants to boost trade with india. foreign direct investment into india has risen to about $45000000000.00 and china is keen to be a major player in the growing indian market. indians love chinese smartphones and other equipment but india wants more trade going the other way to bring down the $57000000000.00 trade deficit. there are common interests but warm friendship has proven elusive the indians dislike china's close ties with bitter rival pakistan to china pakistan economic corridor is
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a key part of she's belgian road initiative she met pakistan's prime minister imran khan this week for talks. only if india and china can put these disputes on hold and they face into a future of joint cooperation. and speaking of india the country is considering restricting imports of some products from malaysia as the diplomatic row over kashmir spreads india's planned restrictions are in reaction to malaysian prime minister mahathir mohamad criticism of new delhi's recent lockdown in the disputed kashmir region illusion palm oil and other products are to be affected however the malaysian prime minister told reporters on friday that he had received or don't quote anything official from india. and let's take a look at some of the other global business headlines making the news. germany's federal transportation authority has ordered carmaker dimer to recall hundreds of thousands of vehicles the recall is based on an unapproved emissions technology in
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diesel engines and it affects most of don was product range down there says it will appeal the decision and plans to cooperate with the authorities. french make a run though has fire chief executive officer to rebuild law that comes up to run those partner from nissan named the new c.e.o. of car makers want to get past the scandal around former chief carlos ghosn was jailed in japan for alleged financial misconduct. now next week the u.s. is set to impose a 25 percent levy on a range of agricultural products from europe it's doing so after the world trade organization ruled that the e.u. had been illegally subsidizing aviation giant air bus to the detriment of u.s. rival boeing and while the dispute is still ongoing european food producers are sounding the alarm. this is parma the italian province that has been producing hard cheese for 9 centuries. to an event to nellie's families be not it since
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$895.00. much of his product is banned for the united states it's the 2nd most important export market for parmigiano after france but one week from now the cheese will be subject to a 25 percent tariff. for the whole region of parmigiano reggiano for us farmers this was a slap in the face because of course when we no longer have that export market for the cheese will be forced to lower the price here and after that we won't make any money everything we earn is from parmigiano reggiano or. parmesan cheese is just one of many european agricultural products the united states is targeting up to the world trade organization rules that the e.u. had been illegally subsidizing aviation airbus other goods affected include
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french wine. and spanish our lives. in madrid farmers have been taking to the streets to voice their opposition to the levy. but are no good to be trump wants to impose a 25 percent tariff we can't compete at that price in the traditional olive groves we're going to ruin them. with trade tension between the united states and the european union he sing up many farmers fear and all of france alone won't be enough to end this to speed. and that's it for me and the business team i'm seeing there's a blood as always thanks for watching. the for.
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the w.c. talk show strong opinions clear positions from international perspectives turkey's president pressure time anyone has launched an offensive against kurdish forces in northern syria so why now and what's the goal and will it further destabilize the region find down to the point of children. in
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60 minutes on the t.w. . this you know i mean in your minutes in going yes. what i'm focused on him is you know what i'm with what an organizer i know what is it them. by mackenzie it is as if to say yes it cannot i've only said that i caught it going on what are you finding. every journey begins with the 1st step and every language the 1st word and looking a little coaxing germany to find. why not permit him. to stuff it simple online on your mobile and free. t w zeal or ning course. german made easy.
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it's all happening. of pretty. sure link to news from africa and the world. your link to exception stories and discussions can you and will come student news after getting program night from funny to me from the news of museums and i would say de deputed comes to africa join us on facebook at g.w. africa. this as did every news africa coming up on the show introducing the man of peace 2019 if you feels prime minister has won the nobel peace prize for his decisive initiative to resolve the conflict with neighboring the retreat so what does this mean for you on the rest of africa also coming up. we saw from court says jacob zuma will have his day in court judges give the go ahead to try the former
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