tv Business Deutsche Welle October 18, 2019 8:15pm-8:30pm CEST
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coming up next monica johns will have all of your business headlines don't forget to go to our website e.w. dot com for all the latest thank you for watching. football sensitive guy you don't need to keep the brady bill on the books to go for the older direction home the 4th time for the most receiving end of the columbus lives or at least the bottom of the falaise at the last dragon those words as you call it the whole history. books on. earth home to millions of species a home worth saving. google ideas tell stories of creative people and innovative
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projects around the world like to use the protect the cloud that boost green energy solutions and reforestation. using interactive content to inspire people to take action the audience in the series of global 3000 on t.w. and online. more of us terrorists this time not for china but europe the transatlantic trade spat over airplane subsidies takes off as billions of dollars in u.s. tariffs hit ill specialty exports like wind and time. also coming up a berlin based startup connects african artists and swift and german pumps to most interested in custom made african products we go to our correspondent in nairobi to find out more about this business concept. come to do business africa i want to go
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jones and bill i'm good to have you with us the united states has begun imposing terrace on 7 on the hov $1000000000.00 worth of goods from the european union the world trade organization approved to the punitive measures of subsidies that the e.u. gives us planes the u.s. regionally went to the w t o back in 2004 the duties affect a long list of products like wine cheese the european commission has a list of counterterrorists it wants to impose on american goods as washington subsidizes boeing drive more tit for tat tariffs here in the offing. is standing by for us in germany's financial hub only want to do those terrorist mean for e.u. companies what means that they will have to have a bit more trouble perhaps selling their wares in the united states because on top of the sales price will come these new tariffs and that means if you're airbus and
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if you're selling a plane to a u.s. airline then the u.s. airline will have to shoulder that tariff on top of sales price the airline can of course choose to pass that on in the terms in the way of higher passenger tickets if it get away with that and that very competitive market and then ultimately the passenger will be paying for it and the same goes for of wine or cheese you can pass that on to the consumer you can also choose if you don't want to worsen your competitive position to suck it up incur perhaps losses and slash jobs in order to make up for it and of course the e.u. says it will hit back is this the start of yet another trade dispute. well it's a continuation with with a new level of escalation and i mean you just mentioned the word took for tat in the next year the e.u. will have its case decided and it might be able to slap tariffs on u.s.
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wares coming in because of its claim of unfair subsidies for boeing. and bruna lemaire the french finance minister has said after a meeting with the us treasury secretary steve maneuver and the e.u. is ready to enact counter measures when i tell you about in frankfurt thank you so much and those new us times on your products kicked in today let's take a closer look at how those duties of 25 percent on agricultural products impact french wine in the boat today vineyards this year's harvest has been better than expected despite the frost and drought now it's time for a final taste before the wine is released to the world this year success on traditionally its biggest export markets the us is by no means guaranteed. to focus on that it's the 1st time that we've had a 25 percent increase in won't go it's a bit of
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a sucker punch. dominique gets 10 percent of his turnover from the states he's relying on good relations to keep importers on side. in another famous french wine region makers of burgundy hoping their reputation for the highest quality will see them through the tariffs the bone for example is known to connoisseurs around the world. your wine industry offers more and more interesting products from more and more countries so we can't predict how american consumers and american traders are going to react to such a sharp increase in prices. that a failed attempts to get the start date of the tariffs put back wine producers have to adapt to a tougher route into the american market. african products tailor made for you now that's what 8000000000 based startup office german customers
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through its web platform they can order goods online directly from the craftsman in nigeria kenya or wonder. this material will be used to make curtains lisa i don't know is selling them together in her house near the kenyan capital nairobi a customer in germany commissioned to work over the internet platform urban change lab. and have an idea of working so that. you know. this is working right. near you so when i'm sort of happy i have that in mind so we need a fairly fortuitous truth from what i have said. the customer puts their requirements on the web portal and the artisans then bid for the job of calculating what their costs will be plus taxes shipping and so on the customer and the artisan remain in contact throughout the process mr and mrs heene or have ordered
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a bedspread for 143 euros they've dropped in that urban change lab in berlin to pick up the finished product or don't have these as of then we chose this color and pattern because it would go well in the bedroom we have this wooden wall. one of the really designed it was. really it's totally what we saw in the video but it's really much nicer it's not like this isn't it melissa i don't know we'll make around 21 euros on the job there are 130 are designs in kenya nigeria and rwanda working for a change lab the average commission is worth around $100.00 euros urban change lab takes a 10 percent fee to lose $20.00 actually is plants but is the solution here is transparency you basically have to make it transparent not only to those involved but to everyone that one can see it all on the website what has the artisan got for what they've made what did we earn what taxes what are the customs duties what's the
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shipping process to fund this. works a day job as a p.r. . consultant and says the business is still too small to be profitable he hopes that will change soon when called normal we have to grow to basically get our logistics and unit costs lower in order to be profitable at the moment we subsidize logistics costs. back in kenya melissa also has local customers but she's happy to get one or 2 additional orders from germany each month via urban change lab. i think what appreciated rene do we're just looking for. somewhere you know it's a very good question for me. in progress. yeah. thanks to that extra income melissa who's a single mother can now afford to study. and one more story i'm joined by joy the
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reindeer are how correspondent in nairobi joy to read how do the earnings from such where compare to average incomes in kenya randa and so forth. well to be honest i think the income that the gain from c. average change is an additional income to what they try and compare to what they are allowed. to change gives them an incomplete get from these outsourced products and services that they also give people or even believe for instance is much more than what they get locally because locally the negotiating power is face to face so it's possible that client and the person offering the service is going to come down. as compared to when they're outsourcing services and making products to people who are outside bill clinton and now we had this report
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that transparency is key to this business but is there also a downside to the fact that everybody knows what an artisan got for what they've made. i don't think so because every actually has the negotiating power and the a negotiating power determines what they agree to and if precedent product. and give an example of melissa if she met a better cover for someone in berlin so many else is going to make a different product different fabric and that is going to inform how much they're going to and so different products actually gives them the leverage to negotiate different pricing and that in itself is good for all the absence because then they are able to determine how much they're going to get peed so response then like a good idea but the contents like the urban change flap have the potential to grow
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or is this just a nice business they really do have the potential to grow because what we're seeing on the african continent now these these more demand for african made fabric of the global market and at least in itself is baking for more and more of these addison's back in kenya and in countries like rand and nigeria the more fabric they're able to china and the more demand there like into her of this is a good thing because then they're able to use platforms like i've been changed to market their products and get more clients to them as as customers and this in itself is an added advantage because then it will give the economic independence milissa for example aids is huge and saw this additional income is helping her as well to take care of her family but at the same time meet the additional costs see to ensure peace and other costs as well so an economic independence is
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a key and helps them to enjoy the globe ordering beer are they now are ok thank you so much for this. emerging market stocks ended a 6 day winning streak today on dismal data from china its economy grew at its slowest pace in nearly 3 decades and the 3rd quarter weak demand at home and abroad is hitting production and the trade war with the u.s. doesn't help either. from the steel works. to the container ports of guangdong and to shanghai as luxury shopping malls growth in the world's 2nd largest economy is losing its gloss china's g.d.p. grew by 6 percent in the 3 months to the end of september that's the weakest growth since china started reporting data by quarters in 1903 officials warn of an increasingly challenging environment yes and you do let me be maintained overall stability in the 1st 3 quarters however we must know that given the complicated and
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severe economic conditions at home and abroad slowing global growth and increased external instabilities and the uncertainties economy is under mounting downward pressure. many problems china faces are home grown industrial output and fixed asset investment for. china's army of consumers provided some relief retail sales edged up nearly 8 percent. the u.s. china trade wars casting a long shadow slowing china growth could even calls global recession. and that's your business update thanks for watching.
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to the car similarly. with little. to make the game so special. for all true fans. because more than a foot long line clocks. this is state of the news africa coming up in the next 15 minutes. brain dio's reach i'll be talking to journalists who've made it their mission to empower refugee communities with reliable information. and different media similar message will take a look at a project in ghana that's trying to give women girls and youth self-confidence to improve.
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