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tv   Business  Deutsche Welle  November 16, 2019 4:15am-4:30am CET

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apply to other life stock to. your watching t w news live from berlin coming up next you have you business with my colleague javier . don't forget you can get all the latest news and information around the clock on our website at c.w.o. dot com or follow us on twitter actually w news. is going to. be affectionate later but as affectionately as you can. be mayor putin in the middle of his election campaign in the year 2000 but documentary was filmed for russian television. to turn the camera back on of course the film secretly chronicled the power grab actually everything was precisely planned introduction. featuring top supporting roles to the freedom of russia.
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and featuring a lead role like you've never seen before. from here for marriage to the ends justify the means. to teens witnesses starts december 13th on g.w. . the u.s. china trade war and its wine makers in california while donald trump claims a great trade deal is coming soon producers in one of the world's most renowned wine regions are seeing sales in china fade away. also on the show iran is forced to ration gasoline as the country's economy keeps getting hit with u.s. sanctions. and their pollution is driving people in india's capital into special bars just for a breath of fresh. it's bad for business on the w.
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and how you get us welcome to the program there was much talk this week about progress in the u.s. china trade talks but there was no real progress while investors and analysts keep waiting for a deal consumers are not american products like californian wines are losing the battle against goods from other countries that are now cheaper for chinese customers. it's one of the world's premier wine regions the napa valley and surrounding vineyards produce about 95 percent of u.s. wine exports but donald trump's trade war is making these wines too expensive for chinese customers since the trade dispute began china has raise tariffs on american wines 3 times in retaliation for u.s. tariffs. family run went of in yards is proud of its more than 130 year legacy but the company has invested heavily in marketing to chinese consumers but they're now choosing cheaper wines from other countries. we could no
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longer compete especially with countries with free trade agreements like chile and in all strickly are 2 largest competitors how can we compete it wasn't it was no longer even playing field. this wine shop out of beijing market has seen sales of american wines drop to quality isn't enough the price is too high. only. the california is great wine country but because of recent trade issues they raise the terrorist so now american wines are very expensive they cost one 3rd to 2 thirds more than before so sales have fallen in the last. shutdown. u.s. trade representatives have announced several times that a great trade deal with china is on the way but for california wine makers at the glass is looking half empty. alright for more on the ongoing trade war we are now
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joined by d.w. financial correspondent host and we say out on wall street hi good evening to you well there's been a lot of buzz this week about a trade deal with china officials saying they were very close then others saying talks were stalling then others today saying they were very close again what's the deal. well basically how we're the next hmongs i would say it's a going to be key event if it is going to be achieved they need to be ready and signed by december 15th which is there when the next round of tards is expected to heat up $160000000000.00 worth of chinese consumer products it is still unclear if trump's administration will be willing to forgive a visa leverage unless there is an office urgently that china will comedienne implement any compromises here and keep also the negotiations going forward we needed to have in mind that phase one or the steamy trade deal will be only around
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60 percent of the total agreement according to trump this means that the real deal issues let's not forget subsidies the structural reforms or what way would have to be tackled after the spot of the deal is done so there is still a long way to go before we can say that the trade war between us and china is over now has the news you're mentioning it it's only a guinea deal so even if this deal comes to fruition it won't resolve all the issues of china and between china and the us what would a potential deal mean for producers like the ones we saw in the piece. it is hard to say how for now details are crucial to death or binded the outcome of the fates of wine and we are still like that information even if china will the compromise to buy up to 50 $1000000000.00 of us i would cultural products and only a strong suggested it will be difficult for the us to happen immediately also what has already heard a bold economies auditoriums already in place let's not forget that the us has
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imposed duties on chinese products the worth of $360000000000.00 so it's not only about not escalating parter it's about deescalating and the problem here is that mistrust is still really there are long ball delegations so it's a difficult to see these time a skinny deal that will completely erase tarp set too sensitive for the u.s. if the. all the way to make sure to keep china accountable but also trying some predictability does not help you know the a situation how we are as a result of breaking down the current status of the us china trade just good for us thank you very much more serious and we continue. u.s. sanctions against iran are proving effective as they are significantly hurting the country's already struggling economy on friday the iranian oil ministry announced gasoline will now be rashed. iranians are already queuing at tehran filling stations ahead of a price hike in the introduction of rationing on monday after that motorists will
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need a russian car to obtain 60 liters of petrol a month at a subsidized price of around 12 us cents a liter every extra liter will cost a lot more until now all petrol prices have been held down by subsidies but no longer with her on in iran everything depends on fewer prices if it goes up overnight next day rents go up as well as other living expenses i really believe that it will paralyze society especially in the working class that in about. it will be good for the government because it's going come from fuel will triple. the government urgently needs cash u.s. sanctions have slashed output from the world's 4th largest oil producer nearly 3000000 barrels a day to one to 1000000 state revenues are fallen correspondingly but it's also an attempt by tehran to prevent petrol smuggling many iranians sell their cheaply
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acquired petrol for a handsome profit in neighboring countries. now to some of the other business stories we're following for you chinese communications company while way is the latest to release a fully foldable device that is a smartphone when folded and a tablet when opened out the one way made x. has a 6.6 inch screen on one side and a 6.38 inch screen on the other and the phone is folded out becomes an 8 inch tablet. delivery platform cycle breeds and rub hub have prompted some restaurant chains to launch locations without dining rooms they have no cash registers and no tables at which to eat either digital orders are a major growth area for many so-called ghost kitchens that prepared meals without giving customers the option to dine on site. britain's labor party the opposition party says it will nationalize british telecoms brought that network to provide free internet for all the pledge caught markets by surprise stocks tumbled
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initially but later recovered labor says it's over overhaul of the telecom sector will be paid for by raising taxes on tech firms like google amazon and facebook and using its mean transformation from. iceland's biggest fishing company sam perry is accused of bribing the namibian government for the permission to exploit its waters as a consequence to namibian ministers have already has resigned but now the scandal has also reached iceland iceland fishing industry is in choppy waters the country's biggest fishing firm some harry is accused of bribing the namibian government for the permission to troll its will shares. post middlemen know it reminded me in a uncomfortable way of the old fashioned colonizers who exploit the weaknesses of a country's government the allegations were made by former employee turned whistleblower johana stefan son who leaks thousands of corporate documents to
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a team of investigative reporters iceland's minister of fishery says the blame likely needs to be shared. there's never only one person who's responsible in this kind of situation. authorities in iceland say they'll work together with their namibian counterparts to investigate the allegations in the meantime some harry's boss has stepped down pending an internal company probe. alarming levels of air pollution have once again forced india's capital delhi to close schools this friday residents are desperate for clean air and as usual some have turned the crisis into a business opportunity. by night a hazy glow descends on delhi as electric lights mix with the acrid smog but just metres from the polluted street there's now a place for people who want to breath of fresh air people like billy who's come to
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the oxygen bar in the hope of being able to breathe a little more recently. had more to do here with it's all about keeping my heart healthy without unpolluted oxygen that's very difficult you can drink purified water but the air is not something you can control however here i've found 1009 percent oxygen and they're doing their best with fortunate for this quarter and for those. with a variety of different flavors billy can get a gulp of near pure oxygen for $500.00 rupees or around $7.00 per 15 minute session the oxygen bubbles through colorful aromatic liquids before being breathed in the effects are unproven but with air quality in new delhi hovering between poor and severe plus since late october billy sees it as worth a try the bar's owner a.j. is confident of the benefits. of human a check you have offered when i checked recently the air quality index was showing
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it around 642 which is extremely dangerous for your health this session helps a lot in that it detoxifies the body and reduces the impact of pollution or the carbon your inhaling it also energizes the body and makes you feel relaxed. and morally good luck. and as billy demonstrates there's a variety of ways you can get your oxygen fix a deli's only. a bar where you step inside for a breath of fresh air. and that's all for this edition of the daily business you next time take care and by.
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