tv Business Deutsche Welle November 20, 2019 5:45pm-6:01pm CET
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this is business. as well. could the unrest in hong kong be the undoing of progress towards a u.s. china trade deal beijing has responded furiously to us vote calling for democracy in hong kong the communist government said it would do whatever was needed to safeguard its rule over the territory this after the senate and washington unanimously passed legislation aimed at protecting human rights in hong kong and threatening to revoke the territories special trade privileges with the u.s. in the event of noncompliance. and it's slightly in the red wednesday morning saying index slipped about 7 tenths of a percent. in washington president donald trump won't he was prepared to escalate the trade or if no agreement could be reached. the relationship which i don't see what happens but i'm very happy right if we don't make a deal with china i'll just raise the terrorist even higher thank you very much.
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that's not a clear threat from the us president off national correspondent susan is in frankfurt let's talk about this. how much of a negative impacts do statements like this we the one we've just heard actually have on the financial markets. well there still is a short term impact on the markets but the markets also have sort of got used to this kind of rhetoric and i also have to say there seems to be a bit of a pattern also that trump administration doesn't always live up to the harsh president of the so the house rhetoric of the president remember last week decision in the united states was jew on import tariffs on cars the white house had a deadline within which it should have decided but nothing really happened what's also becoming clear is that you know with an election year in the united states
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next year and also with washington being so busy and preoccupied with impeachment inquiry against the president the administration in washington seems to be very eager not to poached too much of a break on economic growth that also is something that many people of many markets of this world are hoping for thank you commerce in frankfurt for us. china's e-commerce giant ali baba is set to raise almost $13000000000.00 in a secondary listing this time on the hong kong stock exchange is any surprise says is just over $22.00 a discount of 2.8 percent compared to the prize on the new york stock exchange alibaba is calling the i.p.o. quote a vote of confidence in hong kong's markets it was planned for the summit but was postponed due to the unrest in the territory. now many businesses around the world
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would like to see the u.s. china trade war resolved rather today then tomorrow but about all those that feel that it can benefit from the world's 2 top economies being at loggerheads take the indian german jewelry industry with the u.s. deciding to impose a 10 percent import duty on the products of chinese jewelers the colleagues in india were hoping to get a portion of the $2000000000.00 chinese export pie that didn't pan out so far but some companies are making the best of the trade war. this is painstaking meticulous work turning rough crystals into polished gem stones more than 150 gem cutter's in this workshop in giant poor process violet in yellow courts for use in jewellery the slightest inclusion or flow will lower the quality and that's something the small indian company can't afford to mean that scrutinises the gems she's being kept very busy at the moment she made. them am working nor hours to
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meet the extra demand i'm sure will get more orders in future and i hope it continues so i can earn more i think about it and. most of the gems are exported to the u.s. and in recent months demand there has risen sharply the company's production manager sees the u.s. china tariff disputes as a contributing factor the company i got my number is the hub of jewelry production . of the trade here was down a little while ago but the recent. trade war between the u.s. and china has increased the business and jewelry production has almost doubled recently you know obviously that whatever. poor is the capital of the northern indian state of raw just on around 3000000 people in the city which is growing steadily many in the business community here see the trade war between the chinese and the americans as an opportunity they hope the region will benefit through increasing investment i can see. a big chunk of business can come
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to india even the manufacturing can be shipped or doing. and particularly when i'm from germs and recreate i think there's lots of people have started coming through . the both ability to uphold we can have a joint venture all the considered of our unit here. india's gems and jewelry industry is one of the largest in the world nearly 30 percent of all jewellery is made here. now it's a brand strategy from business started in a moment by did this windfall for me was the u.s. china trade dispute help india's jewelry industry on the whole. well not exactly there was a lot of expectations from indian companies as you just seen that their indo china china and use their trade wall will help india really exports but actually it does not happen in fact in the month of october our own julie exports are in fact us
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dumbed down almost 6 percent and this trend is expected to continue for the rest of them and actually regions in march or next year so what has happened is there's a black swan event of course a lot of india's trio james and your rates were supposed to uncle and as you pointed out just down with your program earlier of that hong kong is going through a kind of protest which is a feature that in fact is the 3 in between india and hong kong over 35 percent of india's their own soldierly who through phone call and this is in fact in the industry a lot. there was some hope that other sectors of the indian economy could also benefit from the tussle between the u.s. and china did that materialize well not exactly again no where there was a lot of all that we are a lot of how do we need any kind of me for china and us going it's going to it's their expectation that textile industry will do well from india.
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and also they're expected. i think we're having trouble with the line to mumbai just a g. death from mumbai let's go to our next topic they have 1000000000 ass soccer family is accused of getting rich off the back of the u.s. deadly opioid epidemic overdoses of the prescription painkiller oxycontin have claimed an estimated 400000 american lives per due form of the soka own company which makes the drug is accused of downplaying the risks they have filed for bankruptcy and set up a $10000000000.00 fund to settle out of holes but that's not the end of it an associated press investigation has uncovered evidence that another sacrifice is using the same methods to push the opioids into china's booming drug market. for 20 years oxycontin has inflicted misery and death on thousands of american
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towns and cities it is an emergency it's a they're still a virgin see we're going to spend a lot of time a lot of effort and a lot of money on the opioid crisis in recent months lawsuits and a public backlash has pressured the drug makers to shut up shop and look for new markets like china where the sackler family old when the farmer makes sense applies oxycontin painkillers to father sales representative c. they sold it using many of the same questionable marketing methods that saw the drug become white sprayed in the u.s. says the methods such as encouraging high dosages. the head of the. high dosage the company stress that since m.s. contin and oxycontin don't stop working with constant use in patients could technically have unlimited dosages.
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they were also encouraged to don't play the addictiveness of the drugs. first of all the companies training told us that it's addiction rate is less than 3 in $10000.00. really working in sales the whistleblowers were to get skeptical doctors to stop prescribing oxycontin so. we caved doctors some gifts or invited them to give lectures and pay them for the next years in these ways we maintain good relationships with the doctors. next they see they had to get those doctors to increase the dosage is higher dosages mean higher returns but it also meant higher risk of addiction and overdose the salesman whereupon the advice to go to considerable lengths to win business including disguising themselves as medical staff. the company required that in certain situations if it's allowed the sales representatives should wear the white coat and
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sit in the meetings between patients and doctors or help the direct to write prescriptions who sue bung to real incomes who. would be pharma and per do pharma deny misleading doctors are using unethical marketing techniques. group is facing another lawsuit in the u.s. this time from one of its suppliers auto parts maker prevents $750000000.00 from v.w. for allegedly contravening competition law it has been pressuring folks for years in the summer when his 16 to prevent subsidiaries cuts off supplies to v.w. brain b. auto giants production to a stop since then folks wagner has been gradually dropping its contract with prevent which was bonded by trying to buy a v.w. small us suppliers prevent claims b.w. blocked its takeover bids breaching competition laws. talks
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aimed at ending the strike of lufthansa have been canceled at the last minute germany's biggest airline has been facing the largest strike in its history it will call back cabin crew forced thousands of flights consolations over several days tendons union better wages as well as improved conditions for temporary work. and that's it from me on the business team in berlin from all business check out all websites those dot com slash business and follow us on social media stay tuned for news that's up next right after this quick look at global markets.
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how is your view of the world. where i come from that all is that good to cisco it's just like this chinese fluids that's measure of where i am always reminds me of home after decades of living in germany china's food is one of the things i miss the most but that taking a step back i see things that lead to the difference for me now and. then of fluid suppressed as an articulation that exists the other part of the force haven't been implemented in china catch me if i'm not to china people wondering if they're going to take it but if i have the right to another culture that is this is the job up just out of the my how i see it as a deficit why i've left my job because i tied to do it except it is a great day my name of the name too and i work at pick up a new. suit of clothes and nothing to do the only affectionate leisure
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but as affectionately as you can. bloody near put him in the middle of his election campaign in the year 2000 a documentary was filmed for russian television but director vitali months and captured much more it was to turn the camera back on the moment of course. the film secretly chronicled the power grab actually everything was on the sunniest nuclear structure. featuring tom supporting roles for the cinema show. and featuring a lead role like you've never seen before let me be clear with you. so that i mean 7 years of age do the ends justify the means. to terms with it since it starts december 13th on d w. live
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