tv Business Deutsche Welle December 3, 2019 10:15pm-10:31pm CET
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the south american nation does have a lot of great players and the best often head north to big money and started one was even world series m.v.p. and 27 st now with this exemption fans and players from both nations should be able to once again post political coldest and enjoy the sport they go by you're watching the w. news business is up next with your stick around for that. literature invites us to see people in particular that i like to see as the kids find instruments. my objective is to. deliver your books on youtube. it was the speech of his life perhaps his past certainly his most difficult chancellor and cool addresses the people of east
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germany shortly after the fall of the wall. climbers for germany unity journalist peter lindbergh was at the scene. 30 years later looks back on the time in dresden. starts december 19th. w. . bush waiting for the end of the trade war of a deal between china and the u.s. could take far longer than expected a spread and trump is now suggesting it can wait until after the u.s. election investors are not happy. also on the show the war in syria is pushing many into poverty the national currency hit a new record low of making food imports impossible to afford. and cuba could soon change its jewel currency system in a desperate move to tackle its many konami will. suffer business on the
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w m how you get us welcome to the program we start with a look at a tough day on wall street the dow jones registered its biggest drop in 2 months after u.s. president donald trump alarmed investors by saying that a trade deal with china may have to wait until after the 2020 president show election one year from now during a visit to london trump claimed that china was keen to agree to a deal now but that he was a no rush and was happy to wait markets have been hoping for an end to the trade war by the end of 2019. and on the same note it's only tuesday and already a rough week for french american relations amid a fresh confrontation between one mccaul and donald trump over nato a new tariff dispute seems more likely than never. french economy minister blue nor lemaire said a u.s. proposal to increase students on french products like champagne and cheese is quote unacceptable the tariffs announced on monday would be a reprisal for
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a new french digital services tax that would mainly hit american companies like google facebook and amazon french wine and champagne are always popular in the united states last year alone france exported some $3300000000.00 euros worth of wine in the spirits to the u.s. americans also enjoy french cheeses cosmetics and handbags but that could all change with the threats and tariffs tires that france is warning the white house not to introduce new cultures to the points you've been to so we trust in the very principle of sanctions because it's not the right policy between allies and it's not the right way to go. to do it the united states must know that it will work to engage in a new set of sanctions against france as the european union will be ready to react and ready to react strongly to. france's digital tax will mainly impact major u.s. companies like google facebook amazon and apple which are traditionally been able
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to keep their foreign tax bills low the tax when it comes into effect will be backdated to january and cover 3 percent of the company's profits from selling advertising and data the french government is hoping it will bring in around half a 1000000000 euros a year but washington says the tax unfairly targets american companies and if the u.s. makes good on its tariffs threat some $2400000000.00 worth of french imports would be hit. already even though the dow jones could recover a little bed we're still seeing tough times there let's go to new york where our financial correspondent yes carter is waiting you know yes we have been talking about the end of the u.s. china trade war for months now what do you make of that statement but all top. yes no yes no i mean this game is going on for ever at least that's how it seems well what we know what i heard is that the u.s.
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president donald trump for quite some time maybe had the intention not to necessarily settle the trade tension with china before the election because the u.s. president might believe that actually he pleases part of his base but then on the other side we also know that and escalation of the trade situation is not going to be good for the economy is still well it's wide open and i'm just waiting for the day that we get a clear yes. and we could have another trade war even with friends as we just saw the u.s. afford a similar trade war with the european union well what it means for it it's not going to be good for anybody and by the way not just france but. countries who have similar digital texas like italy austria or turkey could also get hit and then the u.s. president also complained that some of the nato members are not paying their fair
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share so there also could be some. measures on this and also with europe and everything seems to be possible at this point is caught giving us the analysis from wall street thank you very much. we say in the u.s. t. mobile has just launched america's 1st nationwide 5 g. network which it says will cover about 2 thirds of the population the team mobile system offers faster speeds than current 4 g. networks still fall short of the maximum of 5 g. potential but the company calls it real standard based 5 g. t. mobile says it will offer more coverage when its merger with sprint is finalized t. mobile is a subsidiary of term used ga ticket. and chinese video sharing app tick-tock is fast becoming a global trend with half a 1000000000 users worldwide but fame could come at a price a u.s. class action lawsuit claims to talk transferred vast amounts of user data to chinese servers the lawsuit was filed in california saying tick-tock collect the
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data without user consent and that it could be used to identify profile and track customers the social media app was launched 3 years ago by a beijing based bite debts. german companies have been investing in russia for years so far it has made sense and generated profits the grease of developments are making it harder to stay in the russian market political disputes with the west are hurting business and forcing russians to seek closer ties to china. sadie's in moscow the stood guard base company's been making cars here since a religious year it's parent time the group's 1st plant in russia the strategy is to manufacture where you sell using local production to reduce tariff costs german investment in russia total $3200000000.00 in 2018 the highest level in years but business with russia is changing at least that's the tenor of the latest business climate survey by the german eastern business association which monitors german
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russian business ties competition from china is a growing threat business issue this is a very difficult development sign a russian trade is now twice the size of german russian trade it's already hurting us the chinese are moving into sectors that have traditionally been german like machinery and plant engineering and it's mainly about political factors of course for towards was. all in all the business climate for german companies operating in russia is gloomy some of the companies surveyed say excessive bureaucracy a lack of reforms and a weak economy are all responsible and with the russian economy only expected to grow one percent this year most russians won't have the money to splash out on things like new mercedes. to syria now where the war has caused not only death and displacement it has pushed many into poverty the country is heavily reliant on food imports but the currency is weaker by the day at the beginning of the week the syrian pound hit a new record low. the cost of war is not only paid in blood here in the
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syrian city of it lived this restaurant has raised its prices yet again. the inflation is too high may god help the people when it comes to a falafel sandwich the price has gone up because of the high price of the raw materials and that forced us to raise the price of the sandwich. when war broke out in syria 9 years ago $47.00 syrian pounds would buy $1.00 now it takes $920.00 there are many reasons for one western countries have strengthened their sanctions against syria syrians living abroad are also sending less money home and a lot of people have been buying dollars to shield their savings from inflation the effects on daily life are dramatic the sugar was $300.00 pounds per kilogram it became 600 pounds the price went up 100 percent rice was $300.00 then became
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$800.00 pounds or more that it rose more than 100 percent. and no one expects that to change any time soon threatening the very survival of an increasing number of syrians. and cuba is also facing a perfect storm for its sluggish economy these days venezuela its most important trading partner is struggling with its own economic woes and the trump administration in the u.s. is rolling back more permissive obama era policies on cuba the country's 2 currency system one for residents and one for tourists could soon be gone as part of the efforts to get the economy go it's a tale of 2 currencies. for the last 25 years good cuba have come with $2.00 price tag. the paizo and the convertible paizo also known as the cook. locals generally use the former while tourists play in the converse of bull.
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here's the difference in value $24.00 paid those gets you one convertible peso which the central bank says it's worth one u.s. dollar but over the past few years questions have been raised about that assertion . that's mainly because of how important goods are priced items originally purchased in foreign money often have huge markups reflecting the reality that the paizo has no value abroad this leaves locals either having to fork out more pay those or join tourists in using the more valuable cook now in the experiment approved by the central bank to have an it department stores are scrapping the jewel currency system and only giving change in regular pesos. this is a view that if you give over regular pesos you should get the same currency back sometimes when i get a convertible cooks i end up losing out. the experiment which aims to address that
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problem comes as cuba grapples with 2 major challenges the 1st is that one of its few trading partners venezuela is in economic turmoil the 2nd is that the united states under donald trump has been tightening existing economic restrictions including on tourism having only one domestic currency is seen as a key step towards fostering economic stability. and that's all for this edition of business thanks for watching we'll see you next time for on the double dot com figure but.
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even the essential to life. and the country is rich. but the huge oil revenues have been seeping out into government officials pockets. in the cities people have taken to the streets to protest. what can teachers and schoolchildren in the librarian's to. 3016 g.w. . do you know that 77 percent of black are younger than 60 pot.
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discovered to. subscribe to the documentary. this is the news africa coming up on the program and says this was shaped into slavery from africa to america now after 400 years and into where it all began searching for traces of the history and the i'm not going back to the us. from a very young age i. felt like i'd never belong to be. it is known as the world's biggest floating city. cannot be found on any maps at least not yet.
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