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tv   Business  Deutsche Welle  October 29, 2019 4:15am-4:31am CET

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definitely that's one single father would probably be required to believe. there are more benefits to horse power it generates less carbon dioxide than other bio energy sources environmentally friendly excretion that proves the saying you should never look at gift horse in the mouth. you are watching news from berlin business is up next krista is that the helm for that finale metheny how thanks for watching .
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after the move to berlin nov 9th. no deal in sight russia and ukraine cannot agree on a new long term gas transit contract but just people on your of fearing they'll end up sitting in the cold also coming up mario draghi says it is time for more europe not less as he takes his leave the following the european central bank and lovenox
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central bank warns anti-corruption protests could cause the economy to collapse the demonstrators say the bank is part of the problem. i'm chris cuomo welcome to the program when tour is coming and fears are growing in europe that it could be a cold one russia and ukraine have failed to agree on a. new long term natural gas transit contract that's raising fears of possible cuts in europe as russian gas bound for the e.u. transits through ukraine there's agreements over gas payments have long marred the country's bilateral relations with russia and a controversial pipeline project isn't exactly helping to pacify the debate this is the end of a very long pipeline 200000 steel tubes running 1230 kilometers under the baltic sea the energy megaproject nord stream to is almost complete. russia says the old pipelines that brought its gas to western europe are for each their capacity limit north stream 2 adds to more lines but it also makes russia far less dependent
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on the pipelines that cross ukrainian territory and that makes ukraine nervous it needs gas but relations between the 2 countries are better russia's existing gas contracts with ukraine expire at the end of the year and with north stream 2 coming online it's in no hurry to renew them the e.u. has tried to mediate in vain. the time is flying and given that they. and there must be a clear sense of urgency therefore i appeal to everyone there on the table to be constructive as possible unfortunately i have to say that i'm disappointed by today's outcome and i say this very open. moscow has so far rejected the european commission's proposals russia hopes nord stream 2 will soon give it a direct route to gas markets in western europe while freezing out you crane.
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well to some he is the person who almost singlehandedly saved the eurozone from collapse others say it is all true a low interest rate policies are responsible for billions in losses for every. savers baria druggies stand at the helm of the european central bank certainly was controversial on monday he bid farewell as you might suspect from a central banker more cautionary then celebratory at a time of rising nationalism in some us some e.u. nations mr drug you said it was time for more europe not less. emotional sendoff for my own donkey the european establishment praised him for keeping the eurozone intact over 8 difficult years among them german chancellor angela merkel. who asked in all when we could see you have never given the euro through turbulent scenes. you have not avoided controversies and today we can look forward to
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a successful currency with us today you have the secured europe and the euro area and the stability of its currency and these are truly deep traces that you have left behind. former i.m.f. head christine lagarde takes over from the party she crediting him with rescuing the single currency from disaster is to a chip is now coming to an end and you leave with the euro more popular than ever and trust in the e.u. at its highest level since the crisis druggy in term offered words of support to his successor. of the time and discount for me to hand over to christine lagarde and of course her said that many times her repeated now i have every confidence that you would be a superb leader. and so it was time to ring in a new era with the changing of the guard to look guard. she takes the reins of the european central bank on november 1st. space tourism is about to go
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public starting monday investors can trade shares of virgin galactic on the new york stock exchange for the 1st time since its founding in 2004 virgin galactic has raised more than a $1000000000.00 to develop a commercial service to take tourists into space the company which is the brainchild of british entrepreneur richard branson plans to offer weightless flights to 6 passengers at a time tickets for the 1st customer sell for a quarter of a $1000000.00. for more let's cross over to our man on wall street yes sir richard branson they had a virgin galactic looking for more money to fund you know what what people perceive as personal moonshot i was going on here. you're about to do the i mean it's a costly and ever and so you need to raise money wherever possible actually it was
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a good start a promising start at the beginning this shot up by a good 5 percent in early trading but by the end of the day all of those gains have vanished the wall street is basically asking how many people are going to be willed to really pay around 250000 dollars for a trip more than $600.00 people already made some payment for their 1st flight so off to a promising start to wall street was a bit hesitant with virgin galactic and staying with things that could be spectacular l b m 8 should the luxury group out of france says it is exploring a takeover of iconic new york jeweler tiffany tell us more. well the stock of tiffany went up by a good 30 percent and even if this offer from
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a lot of you told is roughly at around 14 and a half a $1000000000.00 that just would have been a premium of about 22 percent in comparison to friday's closing of tiffany's to wall street obviously believes a deal could be possible but not to that price so either and we need to pay a bit more or maybe there might be other companies being interested in tiffany's the one iconic luxury brand here on or in the united states and. dad was the big winner here in the monday session yes quarter new york thank you. and now to some of the other global business stories making news argentina's central bank has sharply tightened currency exchange controls the bank's head says he aims to stem a surge and capital flight bank is also set to buy pistols to stabilize the country's currency this comes after the left wing peronist after found none this won the presidential election sparking fears of protectionist policies and
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a desk which germany's for mass finds saw an unexpected jump in earnings in the 3rd quarter of the sale of a subsidiary lower overhead and costs from bad loans led to a 35 percent profit trying year on year to almost 300000000 euros recently the lender announced plans for a radical restructuring following collapsed merger talks with deutsche bank u.s. trade representatives are reviewing south africa's duty free access to the u.s. market the move comes after companies complained that south africa isn't doing enough to protect us copyrights the review could mean new terrorist on over $2000000000.00 worth of goods europe's largest lender it just b c says its profits slipped 18 percent in the 3rd quarter and warns of further headwinds the london based banker earns most of its profits in asia particularly in hong kong which has been crippled economically by widespread demonstrations slowing
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global growth is also taking its toll. lebanese banks will stay shut on tuesday for the 10th day in a row amid the ongoing unrest in the country the demonstrations have paralyzed the nation and the prolonged closure of banks has raised fears of an economic collapse central bank governor grades urges for a solution within days to regain confidence and avoid collapse in the future that probably won't calm down people's anger though they see the central bank. part of the problem. on monday the protests continued all over beirut in places the blockade looks a little like a street party but looks can be deceptive people are angry. and it was a good 30 minutes if we do not block the roads then we can put pressure on the government get me going we need to bring all the people to the streets and not only
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those who are already here and have it and then the government will be forced to listen to us than have. a group of protesters also block the road leading to lebanon central bank on monday. dozens of people called for the resignation of the bank's governor. this is the central bank that this is the location where the corruption is thinking players and this is the headquarters of corruption i mean we're dealing with leaving in the press for information about the hundreds of millions of dollars that have been taken away from the people and also calls for the people it's very annoying naturally and it shows up in the east side because i live it shows that there are youth who have aspirations for the life what about the government. the protests against corruption poverty mismanagement have paralyzed the country banks schools in many businesses are closed but so far there's no sign of the government giving any ground to the protesters. and finally
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delhi is not known for its air quality in the indian capital is one of the most polluted cities in the world but residents woke up to even cloudier skies than usual on monday night of fireworks celebrating the hindu festival of the valley left a blanket of thick smoke across the city that is a quality has plummeted in recent years with the situation made worse every year around the time of the valley due to the volume of firecrackers used to mark the event officials want people to use so-called green fireworks are meant to be more environmentally friend. and that's a shoulder thanks for watching on chris cuomo. secretly
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drugs trial to. have psychiatric patients in a hospital in romania. as guinea pigs without their knowledge or consent. on behalf of european drug companies and research institutes.
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close up next on g.w. . eco india. from plastic waste cuts in crude oil. indian entrepreneurs have turned their country's waste problem into lucrative business their plans transforms trash into high quality and eco friendly feel. 60 minutes on d. don't. stay up to date don't miss our highlights. program online w dot com highlights. d.t.
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you know that 77 percent. are younger than 6 o'clock. that's me and me and you. and you know what external voice is part. of the 77 percent we talk about the issue. this is where you cut. the 77 percent this weekend on d w. a courtroom in our old romania the hearing taking place behind this door is not meant for the ears of the public as it could shake all trust in the global pharmaceuticals and history psychiatric patients have been exploited for clinical studies and the traces lead back to other european countries. they've destroyed my
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wife she was their guinea pig that has become close and i've come to they used her as a guinea pig for.

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