tv Business Deutsche Welle November 5, 2019 7:30am-7:46am CET
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does cross over into dance and anything bad about jimmy fallon house means a vision of the future good of. what makes the us it's. going to destroy. itself out a part of our way. through. november 14th w. . no one that wins a trade war says french president and manuel mcconnell during his trip to shanghai china deliver on promises to grant one access to foreign companies. now breezes the partner country at the international import expo in shanghai with more than 60 business representatives hoping to pen looked at him deals with the people's
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republic. also coming up lebanon is not on the verge of bankruptcy he says the country's central bank governor but protests continue anyway. and people in australia are dancing in the streets because it is finally raining. i want to get johns and this is the you business welcome. asian stocks have risen slightly after signs that the united states and china may be inching closer to a trade deal shares in tokyo shanghai and hong kong all made modest gains after the financial times reported that washington was mulling a plan to roll back an levies on $112000000000.00 worth of chinese imports that followed a solid performance on wall street where investors were a boy to buy strong u.s. jobs data. meanwhile french president a man where marco has delivered a vigorous defense of free trade the opening. an import fair in shanghai on tuesday
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he said current trade tensions between major countries are hurting the global economy mccaw is leading a european business delegation keen to strike lucrative deals with asia's number one powerhouse. at the international import expo in shanghai mccraw and she raised a glass to global trade but behind the bonamy are deeper efforts to ease the tensions stifling global commerce the e.u. wants china to open its markets further in china's financial capital mccrum was keen for a show of european unity as the u.s. and china engage in a bitter fight over tariffs. acknowledge me technology climate 3 absolutely decisive issues and all 3 have a guiding principle and i will stop there is the ability of europeans to work together to coordinate together and then talk affectedly with their chinese partner . she repeated his mantra about globalization and opening up chinese
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markets to foreign investment but he offered no new initiatives to ease trade tensions with washington and europe i mean a change we need to promote development through opening up and deepening exchanges and cooperation we need to join hands with each other instead of letting go of each other's hands we need to tear down walls not erect walls we need to stand firm against protectionism and unilateralism right we need to continually bring down trade barriers mccraw now heads with his pond european delegation to beijing where he hopes he can build on the shanghai goodwill would she to address to booze such as the pro-democracy protests in hong kong. for more let's bring in our financial market correspondent chelsea delaney in frankfurt chelsea what exactly is mccrum hoping to get out of this trip. there are just myself several elements to this to this trip he's talked about climate he's talked about the continued opening
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of china's markets but what investors really see of this is about deals striking deals between the chinese government chinese companies and u.s. and french companies really last year there were about $60000000000.00 worth of a deal struck out at this point conference i think it there they're going to be looking for for more quickly abberation and they're really looking particularly in the ira cultural and financial sectors for for more copper cooperation between the e.u. companies and chinese companies but just just this sort of a side note is somewhat odd that the french president is spearheading a european delegation. i think a year ago maybe that would have been a super and years role but over the past several months there's there's really been . a pretty significant power dynamic shift within that within the e.u. leadership so sort of in the void of of germany's power and
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in the leadership change within the commission that. was really a position to himself as as the leader of europe so i think and then that sense he's really been filling this role for several months now so it in china he's now speaking for europe if you like and the e.u. wants a level playing field but that goes both ways right. it certainly does and that hasn't really been a big part of this conversation a lot of a lot of these trade negotiations have really focused on what china can be doing to be more open to european investment to american investment but china also has some criticisms of you restrictions on investment here so over the past year the e.u. has been big on screening chinese investment in into the u.s. or into interior out and they can sometimes block mergers block company ownership so i think that hasn't really been a part of these discussions but it could be it could become part of the sessions
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going forward as they negotiate a broader invest that pact that could sort of east some of the restrictions on chinese investment and into europe which has caused a lot of concern all right chelsey delaney there reporting for us from frankfurt thank you so much. now greece is the partner country and to the import export expo in shanghai it's pinning its hopes on chinese investment to get the economy going again and tourism is playing a huge role come july next year there will be direct flights connecting shanghai to athens another mode of transport of course will be cruise ships headed for the old port of people rayos for 3 years now china's gateway to europe the greek port of parathas is china's good way to europe it's the 1st deep sea port that continues ships from asia reach after passing through the suez canal china wants to make it the final destination on its new maritime silk road it spending billions to expand
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the port for greece in its economic desperation so imperious represents lots of much needed cash investments and jobs in china gets the property and infrastructure out of strategically vital location for an unbeatable price. in 2016 chinese shipping giant cosco acquired a majority stake in the port for 370000000 euros since then container shipments have increased more than 10 fold to 4900000 containers since july parade as has been the largest container transfer shipment hub in the mediterranean. now cosco plans to put a further 800000000 euros into expanding the entire port not just the container terminal a huge harbor for cruise ships will be built there complete with 5 star hotels many greeks hope that with china's help the old port of parathas can be returned to its former glory the to lebanon that what people have yet again taken to the streets to
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non-doing the entire political system to be replaced only last week prime minister assad how riri resigned now the central bank governor is among those calling for a political solution you'll hear him in this next report. the protesters are blocking major roads in lebanon again just days after they dismantle the roadblocks following prime minister harare's decision to step down they don't trust the promises of the new leaders and that is that the outside people that are promising reform are the same ones who ruined the country initially they aren't just doling they are undermining the situation has become an obvious that a little bit down you know how to all of them must leave because they are all thieves from the top of the pyramid to its base. was a lot of. lebanon's economy is ailing corruption is rampant and debt is
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spiraling youth unemployment is at almost 40 percent some analysts say lebanon is on the verge of bankruptcy riyad salome the governor of the lebanese central bank told d.w. in an exclusive interview that that's not the case. what i said is that we need solutions within days to regain market trust the lebanese economy will not collapse within days the situation is now in the hands of the political leaders and parties. because the starting point to regain trust in the normal running of the economy is in the hands of the country's politicians. but time could be running out many schools stores and offices are closed due to the roadblocks people cannot get to work supplies are running out economic pressure on the government is mounting and now to some of the other global business stories
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making news one of 3 parachutes failed to open during a crucial unmanned test of boeing c.s.t. 100 starliner despite a parachute failure boeing to clear the spacecraft aborted test a success the system is designed to propel the crew to safety in the event of an emergency a starliner will ferry astronauts to and from the international space station apple says it is committing 2 and a half $1000000000.00 over the next 2 years to help address the shortage of affordable housing in california and reduce homelessness apple says it aims to help people like teachers firefighters 1st responders and service workers who can no longer find affordable homes. mexican president. gore has promised to help argentina face its economic crisis his comments came ahead of a meeting with president elect and a bear to fernandez lopez obrador called argentina a country with a lot of potential. the heaviest rains in years or so to parts of new south
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wales and australia are welcome relief in a region experiencing some of the worst drought ever but longer term the forecasts are still grim. videos have gone viral showing children a new south wales wallowing in the mud and a happy drenched young farmer takes a selfie with her relieved livestock the weather bureau says parts of the state received nearly 100 millimeters of rain over sunday the most in 7 years and not before time. cattle drink like their lives depend on this and many farmers have already given up. bryan hunt is not exactly ecstatic despite the rain. on a hillside just because we're too forth on so many things and it's put a bit too full of water into those tanks it's too little to make up for the damage already done by the dr many farmers lost their harvest again this year but for the 1st time there's hope. that if we can get follow up rowing but we noted pretty
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quick and a fair bit of work to be wonderful. much much more would be needed to restore normality to the farming community it would need to rain for weeks months some even say years. cabin crew union u.f.o. has called for a 2 day strike at starting this thursday citing an ongoing labor dispute with germany's largest airline union said all slides starting in germany will be affected the stance is working on an emergency schedule to minimize the impact on passengers the airline has condemned to the walkout and is considering legal action to prevent it. that's your business update here on g.w. for me and the team in the end thanks for giving us company.
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of. stuart's number 27 w. . soon after the fall of the berlin november 9th. greetings from berlin and a warm welcome to our arts and culture news and at the top of a big week here in germany here's what's coming up on the show. looking to the 30th anniversary of the fall of the berlin wall later this week former east german civil rights activist tells us how she experienced the night of november 9th 1989.
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and the beethoven pastoral project inspired by his famous 6 symphony. actively with today's urgent questions of environmental protection and climate change. but 1st the fallout of brecht's it whether it ultimately happens or not has been felt in the british capital for months now many companies with u.k. operations have announced plant and office closures and london itself is hard hit as banks and financial firms take precautionary measures with many shifting assets to the european mainland no wonder then that the art market has reacted in kind with many london galleries making their contingency plans and so far the winner on that front is paris. art dealer davids warner has 3 galleries in new york one in hong kong and one in london but with the u.k. set to leave the e.u.
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