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tv   Business  Deutsche Welle  November 28, 2019 7:15pm-7:31pm CET

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watch floating fan favorites snoopy grange and others stick to the skies above manhattan even santa claus himself made an appearance to help kick off the holiday season the floats and festivities are all part of the macy's thanksgiving day parade which is the largest in the united states. and a must see if you get the chance of next business africa carrot alfre is sound a live rock on cd and tomorrow. what secrets lie behind. discover new adventures in 360 degree. and explore fascinating world heritage sites. b.t.w. world heritage 360 getting up now. was the speech of his
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life perhaps his past certainly his most difficult chancellor helmut kohl addresses the people of east germany shortly after the fall of the wall. climbers 40 terminology journalist peter lim borg was at the scene. 30 years later he looks back on the type of interesting. stories december 19th w. . german companies would like to invest more in ghana so what's the hold up we spoke to trade minister about why western companies are still reluctant to go all in and what he wants to do about his. days in markets were dealt a blow today to double trumps decision to sign a bill supporting hong kong's. writes sparked warnings of retaliation from beijing
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what does this mean for a possible u.s. china trade deal. and how an entrepreneur from cameroon is about to shake up the african market for baby food. this is business africa on the w. i'm going out as welcome for the 1st time germany is hosting a joint economic summit with a sub-saharan african country germany says it's deliberately chosen gun up giving given the progress made in the country in recent years and existing close ties germany considers ghana a key trade partner in west africa last year imports and exports between the 2 countries total more than $600000000.00 euros however german businesses still seem to need a bit of pushing to invest doubtless one of the reasons is the high cost of borrowing the bank of ghana's key interest rate has fallen significantly significantly in recent years but remains at a hefty 16 percent that's problematic for foreign investors but also for going to
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a entrepreneurs who face difficult conditions in west africa ghana is ranked 116th in the world when it comes to the ease of setting up a business that is behind regional neighbors like booking afonso been in and ivory coast during today's inaugural germany ghana business council my colleague rob watts asked than us trade minister alan cherry mountain why foreign investors should choose ghana. that is just the sort of choice. for he says face ghana has a strong economy which is very important for us means secondly we believe. that we have the best credentials for democratic governance we have a strong political system which is very stable we also offer a very safe and secure environment for investors which i think everybody agrees is
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very important by that goes beyond that's also. a fair transparent. judicial system which again supports for an investment that there are barriers for foreign investors in ghana i am following rates very high you rank behind some of your neighbors in terms of the ease of setting up a business is that something you're working on now intense or business ricklefs. we probably the west africa we had in the one investment business and evidence is really the record is that and beyond that also we introduce business regulatory reforms which addresses the challenges that i'm sure you are talking about and this is on an ongoing basis and when we we are
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able to identify bottlenecks we put in the polices and the durable issues to address intel but what i'm talking about is about getting started in the 1st place about being out able to get the money together to start a business and work your way through that process is there potential that it's off putting for nayan entrepreneur i do not think so because we have probably i want to. the most dynamic private sector. in west africa certainly in west africa and then in the whole of africa the cost of capital meaning the interest rate is higher than you may find in some countries remember that interest rates are set in reaction to different indicators in the economy and this government has been able to
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move the economy now to a point where we've drifted from the above. regular program within a period of 2 and of years thank you very much mr chairman thank you for asian stock markets got off to a shaky start today asked concerns mount that tensions over hong kong may get in the way of a u.s. china trade deal u.s. president donald trump on wednesday signed into law legislation backing pro-democracy protesters in hong kong it requires the u.s. state to monitor hong kong's autonomy to justify favorable u.s. trading terms it also threatens sanctions for human rights violations china's foreign ministry hit back a warning of unspecified from countermeasures putting a lid on a week of gains for asia pacific chad. it's thanksgiving day in the united states but it's the protesters in hong kong that finally has something to be thankful
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about more sought after support for their pro-democracy movement finally came from washington a new law requires that hong kong must remain autonomous to receive favorable trade status which is help the city become a financial center the chinese government was quick to condemn the u.s. legislation and is threatening to retaliate at what it sees as blake hedge a mini. us signing of the so-called hong kong human rights and democracy act into law. seriously interferes in hong kong's affairs interferes in china's internal affairs and seriously violates international law and basic norms of international relations it is a naked act i've had too many social. with the u.s. in china struggling to nail down a new free trade deal stock markets were spooked by the flare up of anger but some analysts are not certain that diplomatic fallout will endanger the talks and i've
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heard some commentators people in china think that hong kong is now a card that the u.s. is going to play in trade negotiations and i don't believe that to be the case it's not something that the u.s. can you know either give or take away so it's really not a good it's not a good card. but others say washington's protracted silence on hong kong's protests was already a sign that the pro-democracy movement is a factor in the trade talks and that a completed trade deal remains a top priority. china exposed cliff conan if the new u.s. legislation would make phase one trade deal less likely i think it probably does we've seen how it's you know the angry reaction you know naked act of had germany and they're very very angry about this pretty strong words yeah yeah so certainly from the verbal on the verbal side they're very very angry but it's just a question of how that actually translates into things though i mean there's
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a lot of pragmatism at work here too and the politics is very important to the chinese government. often bhopal it will trump economics so it's basically. going to be their focus so it could definitely get in the way. of that and also some of the other global business stories making headlines today europe's top food and beverage companies are calling up on regulations in brussels to make the production of electric trucks mandatory for comics so that. the companies have a better chance to meet climate goals alliance includes nestle and unilever and they say the car industry needs more incentive to begin producing electric trucks. berlin is preparing a law to protect german companies from foreign takeovers economic minister peter said the government wants the right to veto bids by non e.u. investors if they plan to acquire at least 10 percent off a german firm the threshold is currently at 25 percent changes would pertain to
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companies involved in artificial intelligence robotics biotech and quantum technology. zimbabwe is facing manmade starvation with 60 percent of the population failing to meet basic foods needs that's according to a u.n. envoy who visited the countries about what is in the midst of an economic crisis which has led to food shortages and lack of access to health services and safe water. more and more female entrepreneurs are making waves across the continent in cameroon pascaline nanda is a successful is stirring up the baby food market infant cereals containing local ingredients such as corn and coconut are proving a hit with babies and more importantly their parents found set her sights on expansion across africa. when trumbull valerie feeds her youngest child she likes
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to use a local product unlike imported baby food this porridge contains plantings the popular food in cameroon. plant chains are rich in sodium and iron minerals which valerie found out are important for her child's health. all these ingredients are in this baby food and that's what's encouraged me to keep using blazer luck. the baby food is produced in. entrepreneur pascaline nanda founded her business 5 years ago she thinks it's important to use organic products from local farmers a bit of honey for the sweetness and then the baby mash is baked. make the cereal so it comes close to our daily eating habits and can follow our cultural identity. grew up with plant chains coconuts and potatoes.
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our ancestors ate these food see. part of our d.n.a. . the solid cereal mass gets crushed and later milled and packed as a powder the product has become so successful that pascaline number has higher 22 employees marketing is very important for her in order to compete with foreign products. we made a big effort with the packaging and made it pretty. well covered about 85 percent of the supermarkets enjoy. we also want to expand to other cities. it's hard to miss the promotional team in their bright yellow t. shirts they go from store to store offering baby food. depending on the size a package cost from $0.30 to $1.00 euro 50. baby food from europe and china still
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dominates the market but that doesn't stop the business woman from thinking big. on. this thing my plan is to cover not just cameroon but all of africa made and why shouldn't we tap into new markets outside of africa. it's odd that haunted after. the weather at the moment the company delivers find 1000 kilograms of baby food daily if things continue to grow as planned pascaline nanda wants to hire even more employees. and that's all for me and the business team now stay tuned for any mica africa up next right after this quick check on global markets after.
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the morning strong opinions clear positions international perspectives. last sunday's election in hong kong may have been strictly local but the victory of pro-democracy candidates sent a signal straight to mainland china a wake up call for beijing find out onto the point.
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60 minutes b.t.w. . every journey begins with the 1st step and every language but the 1st word published in the. rico is in germany to learn german why not come with him simple online on your mobile and free shop d w z learning course nikos fake german made him see. this as news africa coming up in the program i stood on guy against a un mission in the democratic republic of congo protest test i'll talk to the organizations compound and if you seem tunnel beneath they are cues are you in no feeling to protect them from the growing violence in the region also coming out the . scene of doctors in zimbabwe steeds the mass walkouts from cortez up conditions and. about how bad is the health service crisis that.
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launching the fights i get.

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