tv Business Deutsche Welle November 5, 2019 11:30am-11:46am CET
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100 years ago visionaries reshaped. people understood designs and we're shaping society. about half a man that's cassella her. with ideas that are our future sounds out a part of. me part documentary starts nov 14th w. . no one wins a trade war says french president in analemma kong during his trip to shanghai as he calls on beijing to make good on its promises and granted a better market access to foreign companies. not china on the other hand has made use of investment opportunities here in europe including a multi-million dollar showcase project in the greek port periods we ask what's in
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it for the breaks. and apple pledges to an aha $1000000000.00 to tackle california's housing trusts. them to do that new business i want to get jones and ellen good to have you with us now french president emmanuel mccaw is in china to drum up new business deals accompanied by a calm european delegation mccraw met his chinese counterpart teaching ping at a vast import fair in shanghai to talk trade and to lobby on behalf of european companies for greater access to chinese markets. at the international import exponent 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 for other and china's financial capital mccraw was keen for a show of european unity as the u.s.
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and china engage in a bitter fight over tariffs. that 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 the national. she repeated his mantra about globalization and opening up chinese markets to foreign investment but he offered no new initiatives to ease trade tensions with washington and europe. 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
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european delegation to beijing where he hopes he can build on the shanghai goodwill which he to address to blues such as the pro-democracy protests in hong kong. greece is the partner country at the international import expo in shanghai chinese investment is crucial for greece to get the economy going again and china is interested in greece's infrastructure the greek port of paris china's gateway to europe they're saying wants to make it the final destination on its new maritime silk road spending billions to expand the port the greek port of paraders is china's gateway to europe it's the 1st deep sea port that container ships from asia reach after passing through the suez canal china wants to make it the final destination on its new maritime silk road its spending billions to expand the port for greece in its economic desperation selling parathas represents lots of much needed cash investments and jobs and china gets the property and infrastructure at
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a strategically vital location for an unbeatable price. in 2016 chinese shipping giant costco 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 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. and not to some of the of a global business stories making news. facebook has unveiled a new logo to distinguish the corporate parent from its apps including its social
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media platform a new branding will be stamped on offering secluding what's up messenger and instagram the move comes with facebook under scrutiny from regulators over how it policy contains. one of her 3 parachutes failed to open during a crucial test of boeing's c s t 100 star line or even so boeing to clear to the test a success this is tim is designed to propel the crew to safety in an emergency the star will ferry astronauts to and from the international space station. program. cabin crew union u f o has called for a 2 day strike at lufthansa starting this thursday the union said all flights starting in germany will be affected the airline has condemned to the walkouts and is considering legal action to prevent it. apple has committed 2 and a half $1000000000.00 to tackle california's housing crisis the take john says it
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wants to help community members like teachers and firefighters to access of fordable are committed ation but critics say the problem of skyrocketing rents is one the company itself helped to create. welcome to california a place where some people's homes look like this. and other dwellings more like this but but this is it i had an essence of it which is more conducive to. homelessness for at least a discourse doing the good i try to be like it's not my business and i don't know in the past few years the states has in crisis has intensified the arrival of highly paid tech workers in the san francisco bay area in particular has led to fear spitting boards in cities a ready dealing with a shortage of homes. cupertino where apple is location it is no exception
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now the tech giant is following in the footsteps of google and facebook by committing funds to tackle the problem critics say it helped create what we know the overall commitment from apple is $2500000000.00 to work on a broad range of issues from affordable housing development to 1st time home buyer assistance the bulk of the money will go towards building new homes for those on low to moderate incomes and to provide the mortgage assistance to 1st time buyers some $50000000.00 has been earmarked to address homelessness. while many have welcomed the steps some critics say the tech giants motivations are unlikely to be entirely philanthropic. the high cost of housing has forced the company to offer more competitive salaries as highly skilled employees dimanche pay that ensures our reasonable quality of life this in turn further drums up prices apple's
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cash injection is an attempt to break that vicious cycle. cuba's annual international trade has opened in have a night brings together some $4000.00 entrepreneurs from 60 nations around the world well willing to brave tough sanctions from the u.s. government and a long waits for payment. the cuban government is proud of this trade fair. thousands of companies from the u.s. and europe of once again come to havana that's despite new american sanctions that make trading with the communist island even more difficult companies like spanish printing equipment supplier affair prograf inc want to keep doing business here and i think doesn't you know is that the end of the us sanctions are doing a lot of damage to our business customers are already tightening their purse strings that also makes things more complicated because there may be less money left for us and when it's time for payment they may pay another supplier 1st making
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us wait a long time for our money about i'll get over it this is what we get out of. but that doesn't stop too many companies from doing business with cuba like us shipping company carly based in florida it continues to rely on the cuban market obviously the short term if. you go to work. think. if you. are here for good for you because. it can take as long as 2 years to receive payment for goods and services from cuba in a recent shift it's mostly been russian companies that are willing to take that risk their trade volume with cuba is expected to top half a 1000000000 dollars this year. returning now to a top story and chinese investment in greece i'm joined now by young dimitrios from greek service good to have you with us now
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a china is investing an awful lot of money in the old port of p.v. in greece is that good for the country. yes i think from a greek point of view this is a good thing greece has an interest in crucial interest in finding new business partners in increasing foreign direct investment in recent years international lenders have increased their pressure to push with push forward with privatization projects this is a key part of the greek post bail bailout agreement signed last year and the new conservative government the now things has pledged to speed up the process to attract more foreign investors now china's investment in the port of the rails is already a success story the chinese one more this is for sure i have to say they don't always get what they want just to name an example asked year the trainees proposed to build their own shopping no just near the harbor of the rails and the idea was
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rejected as far as i know but china certainly seems to be courting greece the greek prime minister has just been to shanghai for the opening of the import export where greece is the official partner country and chinese president xi jinping is due to visit athens next week as significant is that. well it's an opportunity to come up with some concrete proposals we shouldn't forget in greece in greek politics there's always too much talking for many years politicians are now things we're talking about a strategic partnership with china but the fact is so far the only really outstanding chinese investment in greece is the board of directors now i think both countries want to take the trading too to the next level and probably that's why 2 of china's leading banks have just announced to do business in greece the bank of china and also the industrial and commercial bank of china are about to set up in
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an office in athens are you just very briefly because greece is david to china as go lions in terms of the economy other seeing eye to eye well it's difficult to operate on an equal footing with china of course greek people know about international criticism of china but you know whenever i talk about that with greek opinion makers the usual answer is something like ok there may be some issues in this country but countries like france or germany or great great britain they are really hooked up on doing business with china so what's wrong with greece and it yeah there's a but the need for us there from. greek services thank you so much. and that's your business update on the tell me from the facts to which.
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this week on the the. first group to go. on the show that of us are. in support. of a. deliberate. 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 1800.
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and the beethoven pastoral project inspired by his famous 6 symphony aims to have 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 david's warner has 3 galleries in new york one in hong kong.
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