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tv   Business  Deutsche Welle  December 13, 2019 11:30am-11:45am CET

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of east germany. the muse turned the crown cloudburst from germany to. journalist peter on the border because of the scene. 30 years later he looks back on the time interest or. storage december 19th d.w. . the british pound surges as far as johnson beats the labor opposition in the u.k. elections and best as well come the conservative party's landslide victory hoping to finally get clarity on london's breaks of course. that the election outcome should also help the british caught industry make plans opposed to future with the e.u. being its most important market companies hope breaks it won't put the brakes on trade. on stock markets rally on the possibility of u.s. china trade dispute lights come to an end soon that's after washington signaled it
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won't introduce new targets on chinese goods exists on dec. i want to get jones and this is a business live from berlin. boris johnson's conservatives have won a crushing majority of seats in the u.k. general election paving the way for the country to leave the european union on the 31st of january in an election campaign that was dominated by the breaks of question johnson's a valve to leave the e.u. and under the withdrawal bill that's already been negotiated struck a chord with voters the conservatives are expected to finish with a house of commons majority of them 70 seats out of the labor party something huge losses across the country. plan to cause the british pound has dramatically surged in value overnight region its highest level since may 28th in stock markets also op so for more i've got my
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colleague here with me in the studio of a solid one from d.w. business up on the 1st of all i mean boris johnson's a big campaign promise was get bricks it done is bricks it going to get done now well monica the 1st wave of those it depends on your definition of what drags it is so here's what's going to happen now. and i was a massive majority in parliament with the conservatives so there's almost no doubt the withdrawal agreement which was reached with the e.u. late last year will be passed in the new year that's inevitable because he now has a majority and it's so what that means is that in january january 31st is the scheduled date the u.k. will leave the u. but that's only in many respects the start of the process as opposed to the end so what will happen then is for the rest of 2020 the transition agreement will kick the transition period will kick into place and that means that will be the beginning of gnosis negotiations between the u.k. and the u.s. the future trading relationship so the conservatives and bars johnson have said
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that at the end of 2020 if no agreement has been reached that's it they will leave and then the provisions of the withdrawal agreement will kick in but realistically negotiating negotiating their future relationship would be much. more complicated than the process that has happened over this point because that involves so much more so to return to the question a more accurate answer would be this is get gregg's it started rather than going to register on our right so all the celebration that we see right now in stock markets from asia to europe and also with the pound of course that is just basically because people say all right finally we know that the britain will lease the e.u. official formally on the 31st of january that's pretty sort of set now what happens afterwards we deal with it as it comes but i would like to look at it because now we've also had word of course also from the e.u. side michel ban yes i'm saying we'll do everything we can and the e.u. is ready. just it sounds like they could get a deal within 11 months i would say it sounds like they're going to do their best
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but realistically if you look at these things honestly and without sort of some of the political rhetoric for example the canadian trade deal with boris johnson's over repeatedly that took 7 years in those years and he would argue that the e.u. and the u.k. have much closer existing relationship than they have the 100 canada but realistically trade deals don't happen in 11 months because they only would have 11 months the process for ratification alone of the new kind of a trade deal took 11 months that was once had already been agreed so there are so many various things to go through to get a comprehensive future trade relationship to you through 11 months to be an exceptionally optimistic time a more realistic and this would still be optimistic would be 3 to 4 years voters parse johnson sticks to his value to leave at the end of 2020 regardless of what happens and to not ask for an extension of the transition period as he has said although should we believe him and not so sure but if he does the well then that means there would be no agreement struck and then dr it's a whole new process where does such
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a long negotiation period leave the possibility for a u. s. u.k. trade deal because donald trump already tweeted this morning basically now the that the this paves the way for fantastic deal well i mean in terms of the you can the us they're not. bound in the same way the u.s. the u.k. and the you are by time provisions but it doesn't change the fact that negotiating trade deals take a long long time and while it's easy to send out a tweet saying we were do a deal the reality of her trying to go see actions work on the complexities of the various issues around i agree products standards all those differences between products and services and goods between for example the u.s. the e.u. that could take years and there could be serious disagreement over it so of course they're not bound by the time but still it takes time but so one can only advise investors and everybody to celebrate. while it's time to celebrate because difficult times yet ahead of us all and thank you so much. well of course the british car industry will be one that's keeping a particularly close eye on developments in the coming months with 80 percent of
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britain's car exports currently go into the e.u. a lot depends on what kind of post breaks a trade deal the u.k. and e.u. can hammer out during the transition period and how many it is time to look for a plan b. to keep business going. when it comes to the topic of breakfast gregory mcdonald tends not to see eye to eye with his employees he's the managing director of car parts supplier good fish most of the workers in the group conoco plant around an hour's drive outside of birmingham voted to leave the european union. the company employs some 130 people in 3 plants the plastic parts they produce are sold to german japanese and american car makers. for many the ongoing uncertainty surrounding breakfast is an increasing source of concern. all business depends on what they decide will happen as
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a result of drugs and they don't know themselves yet but of course we've seen some japanese. decided to close down there are lots of other people also in the valley know about that are closing or drinking a 3rd of what the company produces goes to the e.u. and it's in the block mcdonald sees the company's future now there are fears one of the company's 3 plants in britain may have to shut down. one man keeping a close eye on developments is paul mauer half he's from the society of motion manufacturers and traders a car lobby group he says bracks it could cause the british automotive industry to pull be hind in terms of technology we've seen investment in the car industry plummet in the 1st 6 months of this year to about $90000000.00 from an annual run rate of about 2 and a half 1000000000 so just a serious concern on top of the company spending at least half
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a 1000000000 pounds on no deal continuously measures and this is money that would be better spent on the search and development and innovating electrification the good fish group has seen sales fall 25 percent this year. after a 15 percent decline in 2018 the boss says brad. that is not the only reason his plans for the future still involve the e.u. . we're planning to open a plant in slovakia. we have looked at several sites and interviewed a team of people who'd like to work with us. as soon as we know what we need to make or what our customers would like us to make for them outside of briggs and will open up in slovakia and stop person from buttons he's also looking for more clients outside of the automotive sector for him the priority is to make sure the british plants have enough business to keep them going for years to come. in
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today's stocks soared from asia to europe on hopes of an orderly breaks it and signs of a last ditch trade deal between the united states and china are both tokyo and hong kong stocks closed friday station more than 2 and a half percent up one germany's dax open today's session way more than one percent higher according to media reports the u.s. will counsel new tariffs at the weekend and rollback previous measures by china will ramp up its purchases of the u.s. force. let's find out more about that and as bring in our financial correspondent chelsea delaney at the frankfurt stock exchange josie that sounds promising are we really needed to a solution in the u.s. china trade dispute. we're nearer to a solution but it's not yet and the bags so donald trump and the u.s. side have agreed to this deal according to media reports but the chinese side has
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been very quiet on whether they have agreed to this deal about 2 hours ago at a press briefing in china a ministry spokeswoman declined to confirm that they had agreed to a deal and said we're still looking for a mutually beneficial agreement so whether they have actually come to a deal is a little bit uncertain at this point but even if even if they do reach this phase one deal and avoid the tariffs that were set to go into effect over the weekend this really is just the beginning of a broader negotiation so this phase one deal doesn't even touch the really big thorny issues in this trading relationship such as. technology transfers and state subsidies to all that will have to be addressed after the 2020 alexion and of course having investors somewhat spoiled today with apparently good news but what exactly are you repeating investors celebrating when welcoming boris johnson's huge
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election victory. i think investors are happy to see more certainty and this process they're happy to that the odds of a no deal parks that are significantly lower at this point given the majority that they're going to have in parliament but it's sort of similar to this china trade story where yes this is a near term certainty but the long term it's still a very uncertain because of these really thorny trade issues that the u.s. and that the u.k. and europe are going to have to hammer out over the next couple of years right chelsey delaine even reporting from the front for stock exchange for us thank you so much. vodaphone germany says excluding shore way from its 5 g. network could delay the rollout of the next generation take up to 5 years the message comes amid continued to debate about what role the chinese company should play in the country on wednesday spain's telefonica said it wanted to work with
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both nokia and way to build up a 5 g. in germany that would require the approval of the german government which has not yet finalized its position on your way. and that is your business update the you for now if you want more from us you can always check out our website that is d.w. dot com business or you can follow us on facebook and twitter in the meantime i mean the team in berlin extortion.
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and politics who's in the. wrong. oh people of the islamic revolution. opens up making its initial flirtation those strengths in states of emergency britain sinks into chaos to join the 2nd business. hence the people
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threaten to steal border. crisis. the start of an era that defines our age today 19 said the big meeting today small steps december 23rd. hello i'm welcome to culture news the filmmaker hossein for safety is my guest in the studio to talk about his wonderful film tomorrow we all 3 also coming up. iconic photographs rendered in children's play dough is british artistic and intimate an especially ality. and has an italian garden a clearing some ivy found a good stuff clear masterpiece hidden in a war of the gallery from where it was stolen over 20 years ago will have no on
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lands. but it's we begin with the film tomorrow we are free which is a love story set around the time of the iranian revolution in 1999 it's also the story of a clash of cultures a german woman married to on a rainy and man and a young daughter in the middle of it all the man is driven by the desire to create a free and equal society after the fall of the shah but of course it's not that simple. this film is a labor of love this story behind it has much to do with the filmmakers own life. same precise he took 10 years to make his movie tomorrow we are for. this feature film debut.

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