tv Business Deutsche Welle November 27, 2019 11:30am-11:46am CET
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with mass transit guest. and an incredible location. groups released on t.w. . profits over human rights over a 1000000 week or so are held in internment camps in china change on province where some german companies plums and stopped by their investment. also coming up friends all follows u.k. and russian corporate leaders are meeting at a distance eventually london to explore investment opportunities our london correspondent is there to bring us the latest. and count european space engineers improve the ariana program to compete with private challenges like space 6.
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i'm going to jones and this is d w business welcome. it is one of those well known dilemma business interests meet human rights issues folks has now defended its production facility in changing province after a leaked government documents shed lights on china's detention camps holding over a 1000000 readers and other muslim minorities in the region the comic has said it hoped to contribute to the region's development and was closely monitoring the situation there meanwhile the german and u.s. governments urged china to up hold human rights. certainly also an issue to discuss with our financial market correspondent ali box because investors may have a word or 2 to say about this i mean a shareholder at all bothered about this. well they haven't been so far at least
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not the majority of them not to my observation because the share prices of volkswagen or other companies involved in that region or involved in other regions where there are problems with human rights have not been affected by issues like this. so far investors are keeping their fingers crossed for a trade deal between the united states and china and any indication one way or the other move share prices here but that could change in the future with with public pressure mounting and it's likely that public pressure will mount on volkswagen and others in the province issue and yes g. is what that is called there are already many investment vehicles which invest according to us 2 principles what is that environment social and government and that are good practices that are prescribed there and if that puts the pressure on companies from the from the money side then they will also react with their
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policies abroad so far though china is such an important customer and provider of money for german companies that they're not going to move on their own they need that pressure right only about in front thank you so much. but of course not only companies struggle to strike the right balance between profit and people's well being political relations between britain and russia for one have been tense since accusations of moscow meddling with u.k. elections but economically the 2 countries are still closely intertwined the wealthy russians are among the most important bias of expensive real estate in london resulting in an influx of billions into the kingdom russians have invested a total of $11000000000.00 in britain all together more than 60 russian companies have chosen the london stock exchange to gain access to international capital gasper rosneft and new coil all of them are listed there on the other hand there
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are around 600 british firms operating on russian soil among them or oil and gas multi-national b.p. it has about a 20 percent stake in the russian state firm ralston if they top new oil and gas reserves together and relations could become even closer especially post breaks and when britain will have to look for a new populous so over now to do double use shellac parts in london where the russian british business forum is currently underway and i think charlotte if she appears there she is standing right outside the forum we can see the banner behind you charlotte to tell me what's what's the mood today at this conference especially with britain now heading to the polls in just a few weeks and there is talk about russia meddling with election results over there. well the mood has certainly been better and the past i'd
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say a british official described the relationship between great britain and russia to me recently as very complex and very bad. of course something to say for a british official i think what we're seeing is that the relationship is very tense of course because of the russian meddling with british affairs but what really brought down this relationship was last year the poisoning a form of double agent scrip hall that has really weight very heavily on british russian relations and that overshadows of course the economic cooperation between the 2 countries as well you mentioned $600.00 british companies and russia well that number is down now to around $300.00 companies but those companies that did stay that you also mention british petroleum for example american british tobacco they are amongst the strongest advocate for a deepening of those economic ties and this is what is also reflected at the
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company i was talking to the delegates here before it's a very constructive and matic approach because of course both sides have a very vested interest in keeping strong economic relation talk about these strong economic relations how will the united states react to britain trying to keep it cannot make relations with russia up and running especially post it. well this is the tricky part of course the british side would like to deepen the economic relations with russia but they would also like to keep the united states 1st and foremost happy that's the most important trade deal to strike between britain and the united states breck said so a very difficult balance to strike there on the british on the british side the russians basically hope that everything stays the same they have a very vested interest in the british economy and so this is what we're seeing here
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today that they really want to foster dialogue between great britain and russia. reporting for us from london thank you so much. i want to know when now where a wind blowing up quite a storm investigative journalists have found that its owner is using an offshore tax haven to avoid taxes and that is quite legal. the 50 wind turbines have been turning for 2 uninterrupted years but the telling us wind park in the norwegian village of song apparently isn't turning a profit so the owner doesn't have to pay any tax to the norwegian government is doing what many companies in europe to be telling us headquarters are far away in the tax haven of dublin in the financial district which is also home to the european headquarters of facebook and google in 2018 the wind farm made around $24000000.00 euros which is declared in dublin but the parent company is located
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offshore in this building in the cayman islands another tax haven it gave us such an expensive loan but unfortunately there was no profit left after paying the interest no profit no taxes experts say companies from all over the world are just taking advantage of europe. to discern or. what we're seeing now is that international companies are being told it's all free for all and please help yourself to always nature and its resources through the sort of it's basically to do as you please situation where this comes to no taxation is possible in a historical perspective it's a scandal. a scandal that's especially irritating to local politicians. companies who use the land and its infrastructure and they don't pay a penny. it's obvious that someone needs to fix that because that's money that should have come back into society that's being siphoned off in quite clever ways
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it's not nice. and it's unlikely to change companies like tellin us which post to avoid paying taxes might be annoying but the practice is completely legal. this week ministers of the member states meet in spain to discuss how much they want to invest in what kind of european space projects the agenda is the new launch vehicle ariana's 6 which cost around $3.00 and a half 1000000000 euros to develop but will it make space vultures more profitable a challenge for engineers. europe's new space shuttle is launching into a fiercely competitive market with new financially powerful rifles and it's a biased contest the chinese russians and americans benefit from many public sector orders known as institutional launches which can only be given to domestic rockets this stipulation doesn't apply in europe space x.
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office prices in europe that are hard for domestic launches to compete with. the distance of an. information it's not a secret. if you search online you'll see that space x. recently sold launches for falcon 9 for $100000000.00 and offer the same rockets to europe for $50000000.00 that's half the price. from fatigue on the board. pis. the launch costs for r e m $6.00 have to be brought down dramatically by at least 40 percent which is no mean feat. that's why they're relying on synergies. new boosters have been developed and tested but they give the shuttle the thrust it needs during takeoff and they will likely be used for europe's smaller fake a rocket to swallow. this means they can produce more units which reduces production costs. the operators expect the biggest savings
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to come from the new production methods like the protective insulation on the upper section. plates used to be glued to the outside of the market by hand a time consuming process. 6 and for the 1st time these components are sprayed on by her bot. to make like this creates a uniform surface which is important for the structures on the other section. is much better and easier if you have much better control of the process if you think it's much more cost effective than the previous method would sit there are $2.00 versions planned for the new rocket one will be able to launch 2 satellites and the other will be able to launch for the operators hope this flexibility will help to attract more customers. that calling for e.u. funds for rockets to go to european produces. because india fumio were much more
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dependent on the commercial market it's just a question of fairness if we have institutional launches and europe we should launch with a european rocket. up to 12 rockets had to be produced on nearly double the previous amount. this fuel tank will soon take off on its maiden flight. the 1st ariana's 6 will launch from french briana at the end of 2020. and that's the business update here on d w for me and the business team in berlin thanks for watching.
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and maui affectionately but as affectionately as you can. be written in the middle of his election campaign. 2000 the 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 instruction. featuring a top supporting role. to the freedom of russia. and
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featuring a lead role like you've never seen before. but the mere fact i mean of it to the ends justify the means. this is starts december 13th. hello and welcome to arts and culture well it's only been around for 130 years but the automobile is one of the most influential innovations having totally transformed how we live move manufacture and of course not uncontroversially well check out a new exhibition on cars in london and these top stories. blue story feature film by british rapper rap mann about rival gangs in south london it was bad after
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a violent incident on the opening weekend and we'll get the story. and monday's historic heist of 18th century jewels in dresden continues to occupy germany as police scour the green vault museum for clues as to who could be behind it. all the 1st motor car hit the roads in 1888 after german engineer col benz patented his band's 3 wheeler it was in the early 20th century that automobiles became more widely available and abruptly changed every aspect of our lives well now with cars on the brink of a new driverless era an exhibition at london's victoria and albert museum looks at their wide ranging cultural impact. looks just like a tri circle but it's actually the 1st car from. the famous to the modern.
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