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tv   Business  Deutsche Welle  December 13, 2019 7:15pm-7:31pm CET

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the mobile currently have an 8 point lead in the premier league the club are hoping club can help and their near domestic title droughts. are coming up gareth alfre is with the w a business on layla hauraki in berlin on behalf of all this thank you so much for spending this part of your day with us and if this happens to be here we can i wish you good weekend it's easy. to. take it personally with the few people in stories it is so special you went. far. into to. g.w. . the media attention of the famous
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naturalist and explorer. too soon the breach of clicks on the front of the books from $250.00. morning on the floor of the discovery. expedition the boys. exhibit. blackout after blackout and no end in sight as business owners lose patience south africa's government holds an emergency meeting to get a handle on the country's worsening energy crisis. companies british premier boris johnson takes home a decisive win in the u.k. elections and certain breaks it is nearly over boosting markets at home and abroad . this is business africa on africa and global business.
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as well. and we start in south africa where the government has made an urgent call to the energy industry to help find extra capacity at an urgent meeting at the crisis at state supply eskom was the main subject south africans have been dealing with the worst power cuts for a decade this week paralyzing business across the country. how do you run a cafe in a blackout no lights no coffee machine no electricity at all johannesburg businesswoman micah vander 8 speer speaks from experience when she says you can't coffee and teas are afflicted reviews a box of 2000 rand if we morning if it happens in the mornings even afternoons people want they want ever just you can't make toast to cheeses we can't use any of those devices mike his business is a victim of the rolling blackouts that this week reached
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a new level of severity made worse by flooding there were enough to force president cyril ramaphosa to cut short a trip to egypt on wednesday back then he blames state energy workers for part of the problem so there has been a measure. that has led to the loss of. during this period of 2000. megawatts. south africa's debt laden energy supplier eskom has been dealing with its hopeless lack of capacity through a process called load shedding south africans are regularly seeing their power being switched off because there's not enough to go around and this is the basic meat we need those seeds. economists fear its effects on south africa's finances the flow trading will have a dampening effect could will cool with the colony to reduce to an official recession but it is not cool with the economy to collapse. what
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is concerning is the fact that this this stage of low trading was not anticipated tall. now the south african government is appealing to the energy industry to help it find an extra $2.00 to $3000.00 megawatts of new capacity without it the lights will continue to go off and the cafes will continue to be shut. our correspondent from go is in as we saw there in the report how owners of small businesses are making the best of a bad situation an economist actually talking about a looming recession is the business community in south africa using patients. well definitely and as you say it's meaning to destroy all businesses it's the cafes it's a small retailer of a constant any payments when when the power goes off i think in a store myself this week a slot and wants to buy something and they just shut the door they say look sorry
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we just need to need to close shop so this is definitely you did eventually suffering on the bad bigger businesses have generated so so do you keep the business open and to dismantle businesses kongs and so far what the government has said is that they at least meet for the end of march to sort this out so people are definitely losing the stations and it's holiday season coming up it's a big summer holiday coming up now so there's also a lot of local tourism industry hotels small b. and b. is that say what do we tell to all these foreign visitors coming here that we comp make them a coffee or we call and get keep the lights on and it's becoming a bit of a national embarrassment that it's only as common as a and as all the states railway operator all need government cash now is this going to be a bottomless pit yet it's indeed a big problem and it's basically it's years of mismanagement and corruption in maine the former president jacob zuma
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a lot of you stayed on and surprises were just used to give his friends management positions they were used as a.t.m.'s basically so yeah that home across has a lot to sort out there regarding ask um they've now said that state wants to try and increase the tariff so they applied at the national energy regulates a suit to increase the prices which will probably be an increase of 17 percent so that's also makes south africans a very upset they say we don't have power and now you want us to pay more for it as well business definitely not happy about that ellis bungled a in cape town thank you very much. maybe us economy is continuing to shrink during the 3rd quarter of this year g.d.p. fell by 0.8 percent compared with the earlier it's the 4th quarter only contraction in a row slumps in mining and korea and it contributed most to the latest from libya has
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also been suffering the effects of its was drought on 90 years problems with the with its stricken main energy supplier south africa believing to regular black ounces for. the decisive results of the u.k. general election move european markets on friday british voters have handed the conservative party a large victory making breaks it all but certain after years of uncertainty the value of the pound surged to its highest point since 2016 and u.k. stock markets also gained the conservative solid majority in parliament paves the way for britain to officially exit the e.u. at the end of january the pound rose sharply on the news hitting its highest level since 2016 equity markets welcomed the outcome but i think this very shortsighted because in the longer run there are still lots of uncertainty there will be long negotiations between the u.k. and the e.u.
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on the future trade agreement so i think there is this cheerfulness today could very easily disappear but now it's at least clear that britain will finally move forward with brics it. will the german economy it's important that there is a decision concerning brics and since 3 years the companies are unsure when and how breaks that will happen now is the time to make sure that the companies have something which they can plan off and therefore the new government should decide quickly hold to proceed with the exit the u.k.'s departure will start a new phase of trade negotiations between london and the $27.00 remaining e.u. members if it is a free trade agreed. and as may be possible then the damage to both european german companies and to british companies will be limited because free trade means there will be low tariffs or no terrorists regulatory alignment however if there is
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no free trade agreement then there could be substantially bigger cost particular to britain but also to the german economy with a lack of clarity about future economic ties with britain many german companies have been hesitant to make new investments since the brics that referendum now let's bring in christiane blue he's an economist at the battles and foundation foundation a think tank and joins us now from. johnson wants to leave the u.n. general and a trade deal with in the year how realistic do you think that is. and well it's a realistic that great britain will leave the european union on january 31st but whether a trade deal can be done until the end of the year is much less certain the only thing that could be done in such a short time is really a trade deal that's very superficial and only deals with tariffs and quotas but that would really make trade very easy in order to do that you need regulatory alignment and that's not possible in such a short time. what about the financial sector will will it be better off the
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british financial sector that this will be better off outside of the. of the you were looking at deregulation. i don't think so because the british financial sector is losing the access to the european union that it previously had and that makes it much less easy to access this large market with possible deregulation even if it is possible can compensate for that i'm very skeptical we want to british businesses then on the other expect from a drone some government will be diverged much from her and the e.u. legislation. that's indeed the interesting question the large majority has given boris johnson an opportunity for pragmatism might that i mean that he can actually strike deep trade agreement with the european union that would minimize disruption for businesses. but for that he needs to kill the electoral promise that
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he wants to do a quick trade deal within a year which is unrealistic what does british business now want from jobs they should really put all the pressure that they can on the government to negotiate the best trade deal possible with the european union it is by far the most important trading partner for the european for the united kingdom a trade deal with the united states could not compensate for this in its entirety. a deep trade deal in the sense maintaining a large regulatory alignment staying as close to the single market as possible that is what really would help british businesses in order to carry on their business as they can. from the bertelsmann foundation thank you. the u.s. and china have agreed on
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a partial trade deal it will hold new tariffs on beijing that would you take effect on sunday president on the trump tweeted that the 2 sides had agreed on many structural changes and massive purchases of agricultural products energy and manufactured goods by china beijing has confront the tariff rollback deal though farm purchases remain unclear. now to some of the other global business stories making headlines today makers of popular weedkiller glad to say pushing for its use within the e.u. to be allowed beyond 2022 the firms asking for its approval to be extended is german chemical company by several e.u. countries have said they plan to ban bluff say because of controversial claims it causes cast. member states have given the green light to a new climate deal to make the e.u. carbon neutral by 2050 all states voted in favor with the exception of poland which has until june to decide poland still relies heavily on coal as an energy source.
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and that's it from me and the business team here in berlin stay tuned news africa with a michael jr is next. quick update on global markets at this hour. ico
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africa. garbage there are not many construction materials you can point to. use the garbage like old bottles to build things. this is going to call them on homes i hear. no simple solution for a serious problem. eco kind of forgot in 60 minutes g.w. . story so many people hold over the information
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they provide. the means they want to express g.w. on facebook and twitter up to date and in touch come follow us. this is the news africa coming up on the program know and insights to zimbabwe's health crisis as the public dr strikes dr song that's $0.50 for iran says hospitals . on the while they need to gain mali strings dramatically villages depend on it for the our livelihood tried to save it from drying up completely.

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