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tv   Business  Deutsche Welle  October 25, 2019 8:30am-8:46am CEST

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take a trip on us go christmas market hopping with d.w. in cologne and a woman will go up to. her and hotel or included for you and aghast. just tell us which german street is your favorite. what's the most beautiful place in germany. what would you like to explore most to enter check in at v.w. dot com slash travel good luck and enjoy some of. the world's top 2 economies finally come together today to talk trade again. you with vice president bike hence throws the catamounts the pigeons with us attack on china. the rise of an anti immigration political party in germany has some high tech businesses worried about attracting qualified stuff from abroad. and i'll
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genting instead to the polls this weekend it is said to oust the just below sturdy of business friendly conservative my priest lucky. i mean physical and it's good business it's the next round of talks in the bruising trade war between the united states and china the 1st punch coming from mike pence the u.s. vice president accusing beijing of containing rights and liberties in hong kong and letting out at american companies. mike pence wants u.s. corporations to stand firm against chinese pressure he pilloried them as social justice champions which took their social conscience is that they zhang's door. and far too many american multinational corporations have kowtow to the lure of china's money and markets by muzzling not only criticism of the chinese communist party but even affirmative expressions of american values. in fiery
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rhetoric pens also claim that u.s. trade deficits had rebuilt china over the last 25 years and that the american people back washington's trade stance towards beijing when the largely agricultural phase one deal is signed in the u.s. wants to tackle the more thorny issue of intellectual property theft u.s. china trade talks resume on friday. let's go it's your jealousy delaney our financial correspondent in frankfurt is tracking this story for us where are we at in this trade war vein it's been raging for what 16 months now almost. 16 months and it's still pretty early innings for this this trade negotiations so this is the also the 14th round of negotiations that are entering into this week and it's still phase one trump aside the this this deal is going to come out over 3 phases and they're really sort of front loading the easy issue is in this 1st phase agricultural purchases. and something that both both countries can sort of get
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behind the bigger issues the thornier issues are really being kicked down the road for a later discussion so things like. intellectual property transfer is this is that a huge. issue with that with the u.s. c of. whenever whenever u.s. companies set up in china they allege that they have to hand over their technology to 2 chinese joint venture firms so that's been a really big issue things like cyber security data transfers between companies that are set up in china trying to take the data out those are all really important issues that aren't being addressed right now so there are still a lot of a lot of bigger things here to think about but i think what beijing is thinking here is that you know trump is going into election year 2020 he really needs to be thinking about the economy and sort of the damage of this doing so i think they're
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sort of hoping that that lights a fire under the u.s. to be more open to negotiating yet while we wait for an agreement on the text of this phase one. the whole time global trade is being disrupted is a to me what sort of debt which are we talking about. it's i mean it's been incredibly damaging to trade we have the world trade trade organisation out earlier this month and they cut their outlook for global trade this year to the lowest levels since 2009 we've also seen a ton of companies sort of warning about the effects of this you know caterpillar was out this week saying that this was hurting their business b.s.f. the german company also just warns that this is really impacting their prices and their sales so we're seeing really a global impact on the economy it's really slowing every every country's trade and corporate profits everything really shows you lay the forests in front but thank
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you very much well for germany's financial center to take heed of the city of you know the immigration party alternative for germany is growing stronger there and the swing in that direction in city politics is making it harder for businesses to attract qualified personnel from abroad. cutting edge technology in the smallest of packages the company chip shop manufactures miniature diagnostic devices able to for example carry out blood testing that once took a whole lab to perform the market is booming and drawing expert staff from abroad like condor who came here from india from the lives of them out of the blue i worked in the company that owns the company does more to me doing. this if not all foreign trained staff of that optimistic even though the firm regularly looks for engineers and bio technicians its c.e.o.
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says it's hard to draw them to you know she's worried about the rise in popularity in the state of the india of germany's far right party. and it's frightening not a good feeling we're open and we want to be able to show the place that we represent to the outside world as an open friendly place. that's what the parties that represent germany and should represent here but the present here. is a well known hub for optics and medical engineering there are 160 such firms based in the city and they want to grow a municipality funded business development team helps them look for skilled workers lately there being more questions about the political environment. trade fairs were often asked what kind of numbers does the f.t. having. foreigners safe can they feel comfortable. you know has
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a university and plenty of young residents but they alone can't meet the demand for highly trained staff is in taxation we've been dependent on skilled workers moving here for years and that demand is just going to rise due to demographic developments in germany. chip shop will continue to try to draw workers from abroad even if the f.t. has success at the polls international staff say they still feel safe despite goo i think there's cause for worry most of the time so i'll be in the company and after that i'll be more during the weekends or something like that it doesn't and i both . work. even i have few friends who are living in you know and studying and you know there were any problems just a minor their problems start this that is a new problem the person who's involved in there so i guess there won't be any problem or didn't and it wasn't a new problem for me or my friends here. this time the results of the state's
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elections have become more of an issue within the company and international staff here watching to see how the right wing a.f.d. down at the polls. now to some of the other business stories making news on shares tumbled off the profits mr expectations quarterly earnings fell to about $2000000000.00 in line retailer blames the high price of delivering packages from warehouses to customers in a single day shipping costs soared 46 percent. south korea is said to give up its developing nation status in w.t. only goshi ations the finance minister says the decision reflects its advanced economy advanced to protect sectors like funny it comes months to the us accused china of abusing w t o rules to gain preferential treatment. and cuban state. is canceling birds through 7 international destinations it blames the trumpet ministrations sanctions on companies the lease planes to the national carrier its
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words to makes it go away. are especially important for cubans applying for visas to the u.s. . argentinians head to the polls on sunday primaries back in august indicated that a bit too often and it could defeat business friendly president maurizio mockery that could mean trouble for the country's already shaky economy. he day has to raises prices again last week a loaf of bread costs 65 pesos that is grocery store in buenos aires now he's charging 80 he doesn't want to but says prices for utilities are going up too. i have to charge more to protect myself from inflation otherwise i won't make any profit at all and we end up passing it all on to our customers. and. this year inflation has driven up prices by around 55 percent in argentina
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unemployment is also rising and the economic outlook is bleak welfare organizations have sounded the alarm that led the government to announce a food crisis and begin granting more assistance to those most in need i made indeed to say there is so many soup kitchens here and children are being fed at home and there's no work. monica secure and her fellow protesters blame the president. took over from the left wing populist customer back in 2015 when things already looked dire for argentina's economy merkley promise to cut inflation and banish poverty both pledges have proven pipe dreams. will leave behind 40 percent poverty and an inflation rate twice what he inherited. the industry and trade consumption has been falling for 15 months. it's what is growing is the need for social welfare centers
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a bowl of stool like this as oh many of these people will eat today this soup kitchen in one of the city's poor districts provides food around 200 of them every day and more come all the time. it's terrible when people have to ask for food. it feels demeaning. analysts say national debt has risen dramatically under mclagan he borrowed a record sum from the international monetary fund $57000000000.00 and as the peso falls in value it's growing more and more difficult to repay. his loss could be her again in the late october elections former president wants to return to the political stage as vice president in a center left coalition store owner. says things can't get any worse than they are now as he would then you know both might have hope and faith in people with good ideas but it will be tough to get out of this crisis with and with this idea and
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that will be the task facing whoever does become argentina's next president. and just briefly before we go to dish as fellow is 20 percent off to the company post a disappointing quarterly results revenues came in at $824000000.00 fall less than what analysts had expected the messaging platform blames a bug the technical issue prevented twitter from accurately targeting investments and reduced its ability to help marketers measure the effectiveness of big campaigns revenue from advertising drops as a result. i stay in business.
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after the early. morning. greetings from berlin and welcome to our news from the world of arts and culture i'm karen helm stet and here's what's coming up on today's show. it's national library day here in germany and we look at the way at the ways libraries around europe are evolving into places of knowledge and exchange and community as well as
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good old analog books. and violin virtuoso genuinely then burst onto the scene in 1970 and has managed to stay true to herself despite the demands of life on tour. but we start off in istanbul with the 16th edition of the city's by o'neill which features more than $220.00 works by $56.00 artists turkey has one of the oldest and proudest artistic traditions in the world and yet today with scores of journalists and intellectuals in prisons as a result of government crackdowns on freedom of expression the country can be a hostile place for contemporary art all the more kudos then for a show that continues to find ways to push the envelope. of the. continent echoing current concerns it's about plastic waste
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traumas catastrophe and visions of the future. infused with.

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