tv Business Deutsche Welle October 15, 2019 11:15pm-11:31pm CEST
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over a spanish court's ruling that since 9 cattle on independence leaders to prison. christophe was up next to the stick around for that. cut. every journey begins with the 1st step and every language but the 1st word published in the cool. is in germany to learn german why not go with him simple online on your mobile and free shop d w z e learning course nikos for german from a to z. coop. will go to the girl next.
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to mine of students. with exclusive. see concerning. her a. place to be curious minds. do it yourself networkers. subscribers don't miss out on. a precarious situation with no room for policy mistakes the international monetary fund is sounding the alarm as global economic growth weakens to its lowest level since the financial crisis also coming up companies are reassessing their business in turkey with pressure mounting over the fences in northern syria and bankers back in the headlines the german lender apparently bent the rules as it hired its way to the top in charge. i'm chris
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colfer welcome to the program. the world economy is facing its weakest growth since the 2008 financial crisis that's according to the international monetary fund which has cut its outlook for the world economy the main reason for the slowdown international trade disputes the i.m.f. is now predicting 3 percent growth for this year down from its previous forecast of 3.2 percent the slowest slowest expansion in about a decade the i.m.f. slashed its growth estimates for the eurozone to 1.2 percent dragged down by export powerhouse germany the 2 biggest economies the u.s. and china also losing steam the united states can expect a modest 2.4 percent gain and 29000 but that's still down half a percent from a year earlier and china's growth is projected to dip to 6 point one percent this year and 5.8 percent next year these would be the slowest rates since $990.00 or
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correspondent pablo showing joins me from washington now pablo the i.m.f. says the global economy is growing at its slowest pace since the financial crisis and it's urging leaders to deescalate tensions but does there this phase one trade deal between washington and china serve as a good indicator that leaders are listening. hi christopher well yeah of course the stuff forget that in there in the past few days of course there has been this we'll say cooling in there in tensions between the united states and china they're calling it you know somewhat of a cease fire or a truce of some sorts but what we saw today here was you know the i.m.f. chief economist woods was very cautious says she said that what we need to do is wait and see exactly what comes out of it but what was a good sign is that of course today you know
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a round of tire of against china from the united states were meant to kick in and they of course were suspended the next question is what will happen with the next trend of tire of which are meant to kick in in december but of course in november there is the possibility of a meeting between president trump and his chinese counterpart xi jinping and what comes out of that will they sign an agreement will they put an end to this ongoing trade dispute remains unknown and what it appears is that economists are very cautious of what's going to happen in the coma in the coming weeks and months and pablo we talk about a growth of 3 percent for the world economy how does that translate into everyday life for you and me. well for you and me of course at the moment it appears that consumer confidence is still quite good at despite this slowdown that we're seeing of course let's not forget that interest rates are quite low and you know if you look at countries that are going to see a slowdown one of being germany and you know it consumer confidence still remains
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pretty good but once again the i.m.f. is remaining quite cautious and they're going to keep an eye on what happens i'm whether consumer confidence is affected and if it is is there going to be a slowdown as well in economies is there going to be a slowdown in perhaps growth within a connelly's on job growth which of course would have a negative impact on that consumer confidence pablo folios reporting from washington bob thank you. turkey's invasion in northern syria has shocked leaders in europe and the united states from across the political spectrum now u.s. vice president mike pence and the secretary of state my pompei all to travel to turkey on wednesday trying to broker a ceasefire the business world is already reacting with fox wagon putting its plans for a new factory in the port city of izmir on hold leaving want to have 1000000000 euros of investment and thousands of jobs at risk to turkish economy has been begun to
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recover from a less crisis and now even this slight improvement isn't a threat folks are going to spawn decision on a new plant prior to the offensive in syria it was virtually a done deal and the united states is also making it clear to turkey that it will hit the economy hard to force president to turn back. as we've warned all along our desire is not to shut down the turkish economy our desire is to see appropriate response the sanctions will be very severe on the turkish economy we will continue to ramp up the sanctions at present sanctions will only affect individuals but should the us follow up on those threats the turkish economy could be in a tight spot the mirror which tumbled nearly 30 percent in last year's currency crisis has fallen nearly 5 percent so far this month despite state banks pouring
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billions into markets to prop it up. for more let's face it over the whole say lou is that out on wall street hostilities how much would u.s. sanctions it the turkish economy. well pretty pretty much because analysts here on wall street are already saying that the lead will likely fall sharply against a dollar is spatially if sanctions were extended to turkey's project banking sector but even in the absence of more sanctions that will probably continue under pressure at the global economies and father let's not forget either that in turkey short term unsterile debts are large and its growth as general financing requirements as a share of our currency reserves is among the highest in the emerging world and also leads we've heard that volkswagen is putting plans for a factory in turkey on hold how have companies in the us been responding to this
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political crisis. moved around the u.s. companies is not a big concern about it does it to asians and they did trade deal between aid to countries was the years of anyway and turkey hardly explored said that much of steel to the us actually us that turkey situated only reached around 20000000000 dollars last year with not even 4 percent of turkey's exports a focus on the us market and 5 percent of its imports already made in here from day united states that said many targets companies omani in foreign currency leaving them vulnerable too far to draw in the turkish lira also lose the new york thank you. and now to some of the other business stories making the news of times subsidiaries which says grounded its fleet of 29 airbus a 220 jets for an engine review the move follows a diversion to paris by its was it was a $228.00 with an engine problem the incidence is the latest in a series of technical glitches involving new generation pratt and whitney geared
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toward fan engines italy's draft 2020 budget tax cuts for middle income earners and cracks down on tax evaders while holding the deficit at the same level as this year at 2.2 percent the budget scraps a huge sales tax increase which it was feared could push the country into recession . former south african president jacob zuma will appeal a high court decision to deny him a permanent state of persecution on corruption charges he's been charged with fraud record tearing and money laundering in connection with a 2000000000 dollars arms deal with a french arms company. harley davidson has suspended production of its livewire electric motorcycle which the brand had rolled out as a part of a diversification process the decision follows the discovery of a problem with the vehicles battery also the piers buyers of its traditional
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motorbikes weren't interested in an electric version of their favorite model. a joint reported by german newspapers it does it's a german public broadcaster w.t.r. and the new york times on earth dubious practices at the back the german flagship blender gave expensive gifts to senior chinese officials at a time when it was trying to establish itself as a major player in china's financial industry but she says the event stayed back as far as 2002 and have been dealt with. former georgia bank boss years of our command like to meet with influential leaders in 2002 he met with chinese president jiang zemin for this meeting reportedly paid $100000.00 to a consulting firm at the time that according to an investigation by german media and the new york times in addition a chinese executive authority bank is said to have given influential chinese people
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gifts such as a crystal tiger worth 15000 dollars and high quality stereo equipment and paid for luxury travel back has also said to have hired hundreds of runners if have influential chinese people giving. giving a gift to a civil servant is a typical case of bribery in public transactions. the hiring of someone's child is no different to giving such a gift a yes of our command says i'm response that he didn't know anything about all these things according to a probe of the us federal communications commission the bag ended this practice in 2014 german investigations have not yet taken place before we start with the why i see an american author already investigating problematic boychuk bank transactions in china and i don't see the same action in germany i think german authorities still have a lot of work to do there's nothing dodgy bank says it has improved policies and oversight of its business activities in china. alphabet incorporated subsidiary
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google has unveiled its next generation of smartphones besides standard upgrades the new pixel handsets feature a radar sensor which allows users to issue commands with a hand of just troops for phones commenting sizes alongside google's 1st moderately priced laptop but tech analysts say the phone fails to set itself enough apart from his rivals can either feature or press. and our show on chris.
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from housing boom boom this is where some welcome to the 77 percent. this week g.w. . this is due to every news africa coming up in the next 15 minutes dissent in guinea several people are dead off the price he is challenging the president's rule i'll talk to the politicians organizing the demonstrations also on the program to be doing you can see that. in south africa look even in countries with these awards where neighbors used isn't a tool bowl is a death meal and. women in south africa australia am i next after a recent spike.
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