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tv   Business  Deutsche Welle  November 8, 2019 10:15pm-10:31pm CET

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i'm carl aspen you're watching news live from berlin coming up next is g.w. business with a gentle don't allow pronounce thanks for watching. the odd . earth. home to use of species. a whole word see if you can. get those are big changes and most start with small steps globally dia's tell stories of creative people and innovative projects around the world. but news that could turn the good news to bring image solutions and the 1st issue. to interactive content teaching the next generation the most fundamental to
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touch on. the booze and channels available to inspire people to take action and more determined to do something here for the next generation the idea is for the environment series of global 3000 on t w and online. rolling back or roll back u.s. president donald trump said he hasn't agreed to live tariffs on chinese goods in order to clinch a deal to end the u.s. china trade war that's causing confusion over how far along the trade talks really are. and 30 years after the fall of the berlin wall we look at the economic imbalances between germany's western and eastern states and one entrepreneur struggles under communism. one in berlin wall
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it's been a chaotic week of mixed messaging on the trade talks with comments from president donald trump on friday diminishing hopes of an imminent trade truce between washington and beijing he said a complete rollback of tariffs on each other's goods was not in the cards he said the chinese government knew he would not agree to such a rollback but just a day earlier the chinese commerce ministry said the terrorists would be lifted in stages however the white house advisers are reportedly divided on whether and which levies to remove as a response to which concessions from earlier reports of both sides agreeing to an initial deal to pave the way for a broader one have now been thrown into doubt. now earlier we spoke with one experience head of market analysis ranko barretts we asked them how much the erratic communication surrounding the trade discussions were a disadvantage for the chinese. that's right i think the root of the problem is the
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fact that policy at the white house is being made alternately directly by the president often with by the no input or even contradicting import from various advisers so the result of this is that as we've heard this week for example with could lose recent statements the senior advisers like to add a lot of contingency into the communications they put out to be able to say a deal is being reached out of the ways make you contingent on final approval from the president and as you said you know chris sort of i miss the communications environment and you can see financial markets reacting to that. for more on just how the financial markets are reacting our correspondent yens court is here to give us the view from wall street younes after yesterday's highs the end of this trading week is marked with a bit more uncertainty how does it look from your end well i mean overall it's clearly it is very difficult for corporations to make investment decisions in this environment and as you mentioned earlier it's
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a back and forth when it comes to the mood to when it comes to a possible trade agreement or face one deal or many deal as it's called here on wall street but interestingly enough investors seem to shrug it all of we had a pretty strong reading on thursday and then on friday when the words from donald trump hit the wires we saw a little dip but then basically at the last 2nd day of trading the dull jones industrial average turned positive meaning that the dow jones industrial average the s. and p. $500.00 also lost a composite actually of finishing the week on all new record highs so investors taking it all in their stride now there is what trump says and there is the reality that both sides really need a deal to progress so how likely is it that we're going to see one in december. well one question is even if there is a deal reached and we have to wait and see if it's going to happen then you will
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need to find a time and place where u.s. president donald trump. could meet u.s. president donald trump on friday and claim that certainly the signing would take place in the united states possibly all saw if we keep in mind that we have the elections coming up next year and u.s. president on might want the signing to happen in the u.s. state where i agree culture for example is pretty big but then we also shouldn't forget that the shopping season the holiday season is coming up and theoretically there is still this date december 15th where a new set of terrorists actually could take place but overall the market at least seems to be quite hopeful that the 2 might find an agreement sold to not actually hinder a good shopping season here in the united states. wrapping up the trading week for us thank you very much. now to some of the other business stories making news and
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the cabin crew stayed on strike for a 2nd day over pay on friday most of the airlines airlines flights from germany were canceled the carrier says there could also be knock on effects for flights on saturday as well as the schedule gradually returns to normal. if you want to make sure your season's greetings reach friends and family in britain on time better hurry up oil mail faces potential strike action by its biggest union around the general election on december 12th and the traditionally busy run up to christmas. while countries around the world are discussing how to best implement 5 g. technology china is a step ahead the ministry of science and technology has officially started research into 6 telecommunications technology a group of experts from universities research institutes and enterprises is responsible for developing the standard 6 g. could be available from $2830.00 on words. the international energy agency says
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african nations urgently need to tackle funding for power generation a new study suggests that under current targets some 530000000 africans will still lack elektra's city in 2030 he says africa must invest about 120000000000 dollars each year to bring electricity to everyone the study comes as many african nations are pledging to boost energy production. africa's rapid population growth will lead to economic expansion but only if there's enough energy to power it. and most countries have already failed just to keep up with demand half of all africans do not have access to electricity in many places people wait hours just for a tank of gas power disruptions are a way of life for most companies in sub-saharan africa cutting profits and slashing growth. that's why many nations are redoubling their efforts to exploit oil
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reserves just this week tal's said it was ramping up exploration off of south africa. and gonna set it was easing restrictions to make it easier for companies to do more exploration in fields in the gulf of guinea and gold as fuel agency has formed a consortium with 5 international oil companies and ogando is in the middle of a licensing round for 5 new oil fields some africans reject exploiting fossil fuel resources over renewables but experts we interviewed say the need for power is acute. don't forget you come from europe and you look and you speak transitions africans on war read about the end of the world deal worried about the end of the month still sustainable energy projects are also moving along fast in africa in senegal when park north of the car will be connected to the country's power grid in december it's the largest wind farm in west africa and will be
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supplying electricity to 2000000 people next year. german exports rebounded more than forecast in september calming fears that europe's biggest economy could stumble into a recession the german statistics office says seasonally adjusted exports increased by one and a half percent on the month their biggest increase since the member 2017 data published earlier this week did a mixed picture of the industrial sector but the panel of economists advising the government thing germany's long term upswing has come to an end. the collapse of the berlin wall quickly led to german reunification but 30 years later the division between east and west remains people living in the former east to work longer are paid less and have an overall lower quality of life compared to their western counterparts as thousands streamed across the berlin wall in 1989 the economic differences are stark and west germany 62000000 people lived in one of the
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world's strongest economies in the east the population was a quarter of that and the economy was only 110th as strong these economic differences remain none of germany's dax 30 blue chip companies are headquartered in the former east best these companies run factories there such as far as 5 m. wages in the east are much lower in the west the average hourly wage is around $34.00 euros while in the former east at 6 hours less per hour there is also disparity when it comes to productivity. to sleep has been spinning in the dudek machine building factory for 30 years the company is located in the eastern part of berlin c.e.o. and dudek has 35 employees. he founded his company in former east germany in 1986 the government back then toller rated private companies because the economy needed so much help. back then you 100 it did lots of jobs for the east german
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government but he soon realized that east germany was broke. tryna limit they had reached their limit and it couldn't go on like that it. and i think that at one point even the stasi saw that. no matter what they tried the situation couldn't be helped his office is full of souvenirs spanning 30 years after the fall of the berlin wall the east german businessman inexperienced in the way of capitalism was ripped off a few times in the beginning when he looks at this picture he remembers. we finished undelivered the orders but they only paid us half of what they owed us. 300. yohan to dec experienced all the risks that business men face now after years has finally paid back alone he took out and can now afford the good life the remnants of the berlin wall a just
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a tourist attraction the stace is not shedding any tears for east germany. we have blooming landscapes as cold promised us just not the same everywhere but imagine if east germany went on for another 30 years there would have been nothing left but ruins. for the 73 year old dudek has one more assignment finding a successor. and that's it for me and the fame here in berlin thank you so much for watching.
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to the point of strong opinions clear positions international perspectives it's 30 years since the fall of the bowling ball germany is celebrating but the movement against changed with dismay many in eastern germany say they've been left behind and feel like 2nd class citizens so what's going wrong find out onto the point short she. in 60 minutes on the t.w. . why subscribe to g.w.
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books you meet your favorite writer finish i like to see myself as the kid sky in the strange grown up world. our new. syrian born visits a local bar in berlin. he lives just opposite with a father who was a member of the hitler youth as a child. some residents are suspicious of. refugees in the neighborhood. americans curious about the bar's regulars to cross the road worlds apart. starting november 11th. to. discover. discover with. the 100 lives the ideals of the bombs are more relevant today than they were.
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shaped colored by people understood the song as a way of shaping. told me part documentary starts november 14th d.w. . this is speed up the news africa coming up in the next 15 minutes the world is reflecting on 3 decades off it united germany the african journalists traveled along the border that separated the 2 japanese get their impressions. and destroyed families in book enough awful are still waiting to receive the bodies on their way to says they were killed in an attack on a bus transporting mine. and the ethiopian jews who say they want to return to their holy land but israel.

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