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tv   Business  Deutsche Welle  October 17, 2019 11:15pm-11:30pm CEST

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oh. i'm sure that of those are. in support of. what's a big what's able. to deliver. them to the body is the game here for a decent. chance to talk about. this coverage.
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more. possible we have. let's have a look at some of the other maps around the new you still shaking in there from the free for me so you don't want to. click on g.w. . we have a deal say the european union and britain but having been there before business on both sides of the channel are cautious and keep stockpiling goods just in case also coming up the company at the heart of the paper's tax evasion scandal is pursuing that flicks claiming the movie on the case is making it look bad and w t o ruling on illegal subsidies for air bus as european farmers fearing for their
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future. and for scoble welcome to the program on a day that provided a crucial step to what could end up as an orderly was draw all of britain from the european union the british pound surged on news that negotiators from the u.k. and the e.u. have finally struck a new bragg's it divorce deal sterling rose above $1.29 and $1.00 euro 16 on hopes that britain's exit from the e.u. will be an orderly matter but the pound remains volatile as some hurdles still remain the most significant being parliament in london still has to confirm the deal the u.k. is due to leave the european union on october 31st. now the ongoing brics and uncertainty is putting a lot of businesses under pressure a french confectioner for example is struggling to meet demand in the u.k. as shops there are stockpiling sweets for christmas just in case. for workers
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that french confection is cousy are working extra hard this autumn they're packing up box after box of sweet treats to sense of british retailers keen to avoid the christmas crisis set in it you need to turn it on and this year is exceptional in that some of our british clients want to have their orders delivered before the famous october 31st deadline which is increased activity even more during the period from september to october until they are to pummel called. the fare for the company's british clients such as london's famous fortnum and mason department store is that the u.k. could leave the e.u. at the end of october without a deal throwing customs arrangements up in the air with boris johnson facing an uphill struggle to get the agreement struck on thursday through britain's parliament that threat remains on the table. the story tomorrow on what that
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historically britain has to be years in years been a number one x. or market and it's also the market which probably has the best attention in the future but given this uncertain situation we have to cite it not to make britain priority for either 2900 or 2020 in it but i need to develop this work on what are. some research suggests a fish the british firms have been importing christmas stocking early. their concerns could yet to prove unfounded with an agreement once thought impossible now reached but with boris johnson's promise to shake the u.k. free of the e.u. by the end of october whether a deal is passed or not the 2 sides are cutting it rather fine. and let's get the markets you. are standing by a wall street for sobrino european financial markets were initially quite upbeat about this deal but then the doozy as a fizzled out as the agreement still has to be approved by. the british parliament
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how are people on wall street looking at all of this. it was kind of the same over here markets started in positive territory but try to hold on to the advance because investors have multiple reasons to be cautious the british parliament could shoot down as agreement when it needs out of a given that northern irish union is still oppose it and even if a deal is posset doesn't help that much because companies are likely to continue to put off u.k. spending decisions until the terms of trading with europe are clear so yes the deal had an impact on wall street today but investors are so worried and looking at today's trading session major u.s. banks have been publishing their latest earnings figures what can you tell us about them and the state of the u.s. economy. so the corporate earnings season overall is off to a quite solid start nearly 80 percent of the s. and p.
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$500.00 companies that have reported in the last days have topped the analyst or nick expectations we had some pretty good numbers from johnson and johnson and that place and especially you as banks are doing pretty fine j.p. morgan chase citigroup morgan stanley they all reported good earnings because they haven't been hit yet by a lower interest rate and still profit from healthy consumers with good wages and low unemployment which in the end tells us that the u.s. economy is still in a pretty good shape so we have a new york thank you. now as our correspondent just mentioned netflix was among thursday's winners on wall street the streaming bellwether shares gained about 2 and a half percent after the company reported a rebound in subscribers in the 3rd quarter but there was bad news for netflix as well the law firm at the center of the panama paper tax evasion scandal has filed a lawsuit against netflix it claims the streaming services movie based on the case
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is the family tory and it's now seeking to stop the film's release on the platform in the official trailer for the laundromat reuters says the lawsuit claims netflix defames the plaintiffs as ruthless uncaring lawyers involved in money laundering tax evasion bribes and or other criminal conduct. the panama papers consists of millions of documents stolen from. they were leaked to the media in 2016 the documents showed how rich and powerful clients used offshore corporations to avoid taxes it jolted the e.u. into block wide legislation forcing tax advisers to report the tax planning schemes devised for their clients. if the schemes are illegal then the tax authorities will be able to take legal action. if the legal tax authorities will be able to identify the flaw and fix it. most exxon sec a shut down last year after u.s. prosecutors accused it of using
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a wide range of sham foundations and shell companies to hide clients assets from tax authorities neither it nor netflix offered any initial comment on the lawsuit netflix adds the laundromat to its platform on friday. and now to some of the other stories making headlines around the world facebook c.e.o. mark zuckerberg says his platform has been unable to overcome china's strict censorship and the chinese never let facebook in he did not say what conditions or assurances he would need from beijing to enter the tightly supervised market mrs arkell berg attacked the rapidly growing chinese short video app to talk saying it censored political protest including in the united states saudi arabia's oil giant aramco is reportedly postponing it stock market launch to december or possibly january next year and wants to update 3rd quarter earnings valuation targets following an attack
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on the ramp of facilities in the temple who is widely expected to raise $20000000000.00 american sources say that simulator testing of the reprogrammed boeing $737.00 max anti stall software could take place in early november the company's best selling plane has been grounded since 2 crashes thought to be caused by faulty software which killed almost $350.00 people on board the simulator tests are a 1st step towards the federal aviation administration recertifying the plane for service. and tech firms dominate the list of the world's most valuable brands apple tops the list by a market consulting firm intra brand the firm is valued at $234000000000.00 google amazon and markets of all follow with valuations above $100000000000.00 non tech firms have slipped coca-cola placed 5th at the top your being brand was mercedes benz an 8th place for the 3 main distribution companies for pharmaceuticals in the
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united states mccance in america stores bergen and cardinal health have offered to pay a total of $18000000000.00 to settle thousands of lawsuits maker johnson and johnson offered an additional $4000000000.00 the companies are held responsible for their part in the deadly opioid crisis the range of famous european goods are likely to become more expensive in the united states from friday on words the united states the white house is imposing tariffs on products after the world trade organization found illegal subsidies were paid to your plane maker airbus 4 industries already struggling these terrorists pose a real threat to their futures. in and alysia they call it liquid gold but just recently olive oil has lost its luster the pharmacy produce it in 7 spain's vast olive groves have been hit by a double whammy of tumbling prices and imminent u.s.
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tariffs. growers are in danger we can't compete with the oils that are coming from abroad we can't compete with the new plantations. can't compete with the terror that mr trump is placing on us. that's choking us with our own. grow his life. or the european exporters in asking why they've been dragged into a dispute about airplanes the u.s. imports 320000 tons of european olive oil each year most of it pressed in spain. spanish oil imports into the united states are going to be taxed at 25 percent. that's going to have repercussions on the american market. because they'll start to buy oil from other countries that don't face such tariffs. like morocco or to near
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0. one spot the olive oil is already worth less than it costs to produce friday's tariffs can only deliver further scrutiny. and finally thousands of rich residents in hong kong are opening bank accounts in singapore and other financial centers as protests sparked anxiety over the territories which are according to the financial times banks including u.b.s. ages b.c. and credit suisse have all seen a sharp increase in hong kong customers opening over seas accounts a report by goldman sachs shows as much as $4000000000.00 u.s. dollars in capital may have had to singapore because of the august that's a shell thanks for watching.
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enter the conflicts. boys in populist uprising in venezuela hong kong protests for exit block of. the world is in crisis mode. this week we will track of the key interviews of the season the point is to prove who wants to change the implies to me going to be don't. look so for 60 minutes.
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oh to. keep learning marched reality wait a 2nd we want the whole picture affects instead of make ideas shift deliver us. from a dimension reality to cryptocurrency it's your top it's full live in an ever changing digital world let's start going to devise a chanst. shift. on d. w. .
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after the fall of the berlin. the night. this is africa coming up in the next 15 minutes displaced and distressed we have an exclusive report from. the slave ethnic divides now live on the land still. at award winning environmentalist who's fighting against illegal logging in uganda as silk a foreign.

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