tv Business Deutsche Welle October 18, 2019 11:15pm-11:31pm CEST
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possibilities. so as into the weekend for a panda story. then so in august have opened their eyes for the 1st time as their says the 1st few weeks of their lives have gone well the mother normally writes one baby at a time so sue stuff having to help the mother be a 2nd cup everybody say ah. sitting rooms are a. symbol of a long conflict in the philippines. between the muslims and the christian population laughs. strangers occupied the city center in 2017 president church's response was. i. will never again look good in the. reconquest turned into tragedy this is
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not the kind of freedom that we want. how did malawi become a gateway to islamist terror. an exclusive report from a destroyed city. film of the science of ah yes starts october 24th on d w. more u.s. tariffs this time not for china but europe the transatlantic trade spat over airplane subsidies takes off as billions of dollars in u.s. terrorist e.u. specialty exports like wine cheese or ham also coming up the g 20 leaders discuss new forms of digital payments but a watchdog group warns even alternatives to bitcoin could hamper the fight against money laundering and terror financing and there are growing fears the world could
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slip into recession because china the world's 2nd biggest economy disappoints with weaker than expected data in the 3rd quarter. on kris kobach of the program a new round of tit for tat terror the united states has begun imposing levies on 7 and a half $1000000000.00 worth of goods from the european union the world trade organization approved the punitive measures for subsidies that the e.u. gives airbus planes united states orginally went to the w t o back in 2004 the duties affect a long list of products like wine cheese or ham the european commission has a list of counter-terrorism it wants to impose on u.s. goods as washington subsidizes boy. now those new u.s. tariffs on e.u. products kicked in on friday let's take a closer look at how those duties of 25 percent of agricultural products impact one
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of france's most import and exports wine. in the day 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 but this year success some traditionally its biggest export markets the u.s. is by no means guaranteed. that will folks and that is the 1st time that we've had a 25 percent increase in one go is a bit of 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
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from more and more countries so we can predict how american consumers and american traders are going to react to such a sharp increase in prices. after 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. well for more let's cross over to our financial correspondent in new york sabrina kessler subpoena these levees are intended to hit the makers of french wine as we saw scotch whisky or italian sheens how are u.s. consumers responding to the measures. so it's more than clear that these measures will make a range of european products more costly for you ask consumers a plate of cheese for instance that currently cost you about $45.00 will put you back 60 dollars soon having said that the u.s.
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carries it appeared to be selectively chosen to hit premium items that well heeled u.s. consumers could continue to afford even at higher prices but still if you have a look at mainstream society people will definitely be hit in their pockets as soon as the current stock of products are sold out and products with tariffs are put in place now the european union has already said it would retaliate and may win the right to do so next year when the w 2 is set to rule on legal u.s. for boeing are the 2 sides likely to try to resolve this to be disputes before it comes to that. so brussels has consistently communicated that the european union is ready to work with washington on a fair and balanced solution and also rather light ties of the u.s. trade representative said the u.s. is aiming at resolving this issue but we all know donald trump and his preference for pressing hard so as long as we don't see any concessions from the european union trump will stick to his guns and may impose tariffs on european cars for
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instance sabrina kessler reporting from new york serino thank you. now the spread of currencies could have serious repercussions for worldwide efforts to detect and stamp out money laundering and terror financing that's according to a paris based financial action task force the topic was on the agenda of a g. 20 meeting at the international monetary fund in washington on friday many of those leaders have expressed growing unease about the spread of unregulated cryptocurrency political and financial leaders backed the idea of the introduction of so-called stable coins as a possible alternative. a washington correspondent pablo foley ilias has more on this story pablo what exactly is a stable coin and how does the differ from other cryptocurrency.
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like yourself well a stable coin has many elements of crypto currency in that you've got that ease of transaction the privacy which comes with the crypto currency out there but the big difference is at that stable coin it says it in the name gives a level of stability because it's often pegged to for example a commodity in the sense a could be pegged to the price of of gold or it will be pegged to a fee a currency fee a currency of course being for example the euro dollar or the yen and of course don is the big difference because let's not forget that crypto currencies come be quite volatile and the aim of this is to stabilize the value of that this stable coin. but the spite this aim of this currency being more stable it's not like there wouldn't be any criticism about it. no you're absolutely right i mean today i
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was on you know a meeting here of the g 20 finance ministers they gave their evaluation and after a meeting which was held earlier today here in the building behind me i'm going to read a quote from them and it's quite telling because what they say is that the global sable coins and other similar arrangements with potential system systemic footprints give rise to a set of serious public policy and regulatory risks they went on to say you know it can cause some concern because they could it could be used for money laundering illicit financing consumer and investor protection need to be evaluated and appropriately addressed before these projects can commence operation that gives a very clear answer to everybody what their opinion is they want to look at it when questions were put to japanese finance minister in fact who had come out of that meeting and answered questions he was very hesitant to really say whether they were going to approve or whether were something that the greed with they said that they needed to look further into it before as you know stable coins will become
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something that we're going to be using more and more and facebook rolled out its cryptocurrency liberal which some consider a stable calling when will this become a common method of payment. well that's the $1000000.00 question there christoph because i think in some ways what the g 20 statement said sort of i answered that in many respects they said they wanted to evaluate it it's meant to come in in the middle of next year but it looks like that may or may not happen at the moment and the g 20 finance ministers made a very clear like i said they want to evaluate the situation more look into it more and then they'll make a decision down the line problem fully as reporting from washington their public thank you. now to some of the other global business stories making news after 3 days of rolling power cuts south africa has unveiled its power plan for the next
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decade by 2030 coal is slated to fall from 80 percent of the power makes to just $59.00 wind and solar power will together jump dramatically to supply 24 percent of national power output the former mayor of a wealthy paris suburb has been found guilty of money laundering patrick buccaneer was jailed last month for evading millions of euros of tax along with his wife seen here emerging from friday's hearing but any got another 5 years jail for laundering the proceeds of the tax for police have ties to his protesters in lebanon demonstrating against the government's handling of the financial crisis the country's biggest protests and years were triggered by plans to impose new taxes they've continued into a 2nd day despite the government announcing it was scrapping this new tax on what's up calls. emerging markets stocks ended a 6 day winning streak friday on dismal data from china it's you can our economy
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grew at its slowest pace in nearly 3 decades and the 3rd quarter weak demand at home and abroad is hitting production the trade war with the united states doesn't help either. from the steelworks of. 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. let me the economy maintained overall stability in the 1st 3 quarters however we must know that given the complicated and severe economic conditions at home and abroad slowing global growth and increased external instabilities and uncertainties economy is under mounting downward pressure. many problems china faces are home grown
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industrial output and fixed asset investment fell. china's army of consumers provided some relief retail sales edged up nearly 8 percent. the u.s. china trade war is casting a long shadow slowing china growth could even cause global recession. and the program for more you can always go to the w. dot com slash business or follow us on facebook or twitter i'm chris coburn bowlin for me and the entire team thanks for watching and have yourself a successful. w.c.
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talk show. it's clear positions from the international perspective what happened to never again that's a question many here in germany are posing following last week's poor attack on a synagogue in holland how deadly is germany's far right find out on to the. pilot. 60 minutes on the t.w.a. . i'm not laughing out of the jet i just
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after the same move to berlin. from another job. this is news africa coming up in the next 15 minutes radio's reach i'll be talking to journalists who've made it their mission to empower what refugee communities reliable information. and different mediums similar message will take a look at a project in ghana that's trying to give women girls and self-confidence to improve their wellbeing.
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