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tv   Business  Deutsche Welle  December 18, 2019 12:30am-12:45am CET

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and you know what time of voices. of the 77 percent people. this is where. the 77 percent this weekend on d w. argentina's new government wants to refill state coffers a recession weary argentinians ready for higher taxes on farm exports and currency exchanges will take a look. also coming up boeing's decision to hold production of its 737 max is likely to ripple across the u.s. economy. and more strikes over macross new pension plans in france how will paris solve a crisis that threatens to spoil christmas for many french holiday makers. this is
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your business report i'm stephen beers in berlin thanks for joining us argentina's new government has introduced a bill that would hike taxes on farm exports and currency exchanges the legislation would use that extra revenue to support a new state spending an effort to reverse the pain of recent years austerity cuts the country's fiscal situation remains dire with mounting debt and high inflation and that leaves the government little room for mistake. currency exchange offices in buenos iris are crowded as more and more argentinians rush to convert their money into u.s. dollars and euros before the new 30 percent tax on foreign currency purchases takes effect it's not the only tax increase imposed by the new left leaning government personal property levies will increase too as will taxes on exports of farm products the government said it will use part of the revenue to boost social spending pensioners for instance will get a bonus of $160.00 to be paid out into trenches in december and january
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they hit the guy this is about stopping the argentine economy from falling while we protect those we can't maul from and stops falling and based on the new policies we will make argentina rise again. the government of president alberto fernandez took office last week he had promised voters to end the harsh austerity policies of his predecessor now he faces the challenge of striking a balance between fulfilling his campaign promises and honoring the country's debt argentina which agreed to $57000000000.00 bailout with the international monetary fund last year has been on the brink of default the economy has continued to shrink and the debt crisis is far from over. over to the u.s. now where shares of boeing traded lower for the 2nd straight day on tuesday before recovering losses the aircraft makers decision to halt production of its crowded
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$737.00 max is leading to fears of what that means for employees suppliers and the u.s. economy itself. there are 400 brand new 737 max aircraft parked in boeing's holding area they've been grounded since april this year some are even parked in the employee parking lot the production stop slated for this coming january is a drastic measure and it's bad for boeing's $12000.00 employees i think hauling production as is a pretty major downside that disrupts the whole supply chain that puts labor and terrible. causes. a real loss of the economies of scale that this airplane has that you keep that assembly line go on because of all the efficiencies in october 28000 as 737 max crashed in indonesia then another one went down in ethiopia last march 346 passengers were killed in those 2 plane crashes with the 737 max is faulty steering software playing
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a decisive role in both incidents so far boeing has been unable to deliver a software correction that can be approved by the u.s. federal aviation administration the 737 is boeing's best selling aircraft airline's of place thousands of orders so u.s. airlines and european air carriers of had to cancel flights due to lack of aircraft the airlines themselves are in just a terrible spot because they're selling spring break they're selling summer without knowledge of what their fleet is and all parties need to have complete transparency here so we can come up with some reasonable plan you know get this crisis get things back on track the loss of production at boeing might have a ripple effect that could burden the entire u.s. economy. and let's bring in our financial correspondent in new york. a ripple effect there yes do we have a sense of what boeing's production pause might actually mean in the bigger picture
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. you know we have some estimates overall boeing is one of the biggest industrial companies in the country one of the biggest importing exporting companies as well and also one of the biggest private employers so the effects also will show with the suppliers just for those planes the 737 max a good 600 supply is by the way not just in the u.s. but also overseas some companies in france or the u.k. also could be impacted economists are just calculating that let's say production will be stopped for the end tire 1st quarter of 2020 that could impact the u.s. economy by point 4.5 percent. a big company there for the u.s. economy or another topic that could be weighing on markets yes u.s. trade representative robert light hisor warning of more tariffs on the e.u.
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in an effort to slash the american trade deficit what exactly was he threatening. well basically he's not happy it was the trade deficit the u.s. runs with the european union stood at about roughly $170000000000.00 in $28.00 and will improve greece to a good 180000000000 dollars this year and so he is just talking or was talking in an interview about maybe increasing some terrorists were just recently imposed in connection with subsidies to that is one idea to inclose increase those tears to put some pressure on the european union to eventually make them buy more american goods and we should mention there that similar tariffs could likely go into effect for subsidies for boeing or that's a bigger story since we're missing boeing they're. there for us in new york and to
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have more on that later thank you. the u.s. senate had has voted to impose sanctions on companies working on the controversial nord stream 2 gas pipeline that will link russia and germany the measures now await the signature of president donald trump before becoming law the bill aims to halt further construction of the nearly $10000000000.10 euro under the ball $10000000000.00 rather a $10000000000.00 euro pipeline project under the baltic sea the project will double undersea shipments of russian natural gas to germany or bypassing ukraine u.s. lawmakers say nord stream too will channel billions of dollars in revenues to moscow and make europe more reliance on its neighbor the legislation is a rare challenge to traditional allies germany. over the 2nd time this month the eiffel tower in paris has been forced to close because the staff who operated have gone on strike for the closures part of a long running national dispute over pension benefits president manuel mccall wants
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to overhaul a pension system that allows train drivers and other people under special pension regimes to retire while they're still in their fifty's a strike led to further measuring for commuters and tarus as they face their 13th straight day of disruption and with christmas approaching fast holiday makers worry the strikes could spoil their travel plans take a look at the french government wants to merge 42 existing pension schemes into one workers want to hold on to their retirement packages some with privileges like early retirement and generous benefits that's the case for most transportation workers and they are at the center of the current strike. in paris only 2 metro lines are running frustration is high among passengers at the few stations where the service. i'm clearly thought out. and now i'm stuck at god you know i have to get to the 15th i don't know how.
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it's not fair my family was supposed to come to visit me and now they won't it's them very south. but the striking workers have a different view. this is not about protecting our retirement we're on strike to protect everyone's retirement. with the metro and other trains out of service traffic jams all over france are now stretching hundreds of kilometers french president. has expressed solidarity with the millions affected by the strike but the show no sign of backing down on pension reform. and staying in france it may be the country's last hand crafted doll factory that t. cohen is still producing over $30000.00 a year using a traditional approach that it's employed since 1912. these dolls bodies are made of binal free of plastic outer tips on their clothes of pesticide free cotton it
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sounds very contemporary the organically produced dolls have been made the traditional way for more than a century these dolls abide lasted 2 world wars and the rise of global competition we are typical didn't was but they didn't really depend to call on company has been very turbulent but it was destroyed several times when fires during the 1st and 2nd world wars when the face of competition from asian countries it's managed to shrug its shoulders and still resist today it's ships $15000.00 annually from the factory in a time in the most region along with a further $20000.00 collectors additions that are made by subcontractors each dollars handmade individually by the workers in the factory. we don't really grow up we always say to kids it's nice we make little girls happy we offer people wonderful things use all. the we make little girls dream that's
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a good thing we're like santa claus and the helpers. and santa claus will be delivering petty call outs handcrafted dolls to girls and grown up collectors around the world again this christmas. and a space x. falcon 9 rocket carrying a communications satellite for mobile and broadband service has blasted off from cape canaveral in florida the falcon 9 1st stage returned to earth after boosting the vehicle out of the lower atmosphere performing in on target touchdown aboard a space x. drone ship cruising in the atlantic ocean a successful recovery some 8 and a half minutes after launch was faces 47th overall and its $29.00 aboard a drone ship thanks for watching.
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the show tell us things this is the move all speaking welcome to the show with the ding dong ha. concerts with the most risky. sound. credible.
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is today their future. dot com. click term. hi there and welcome to arts and culture for millions of viewers the wait is almost over season 3 of the epic where our series by the wonderland just premiered so more are not in a moment and also coming up. the jubilee year to honor a german composer beethoven has the festive kickoff they offer a house in the maestro's hometown of gong. to live and the 19th century charles dickens comes to life from the dutch town of devon tar at their
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annual dickens festival complete with punch pickpockets and good old scrooge working with. the muslim brotherhood. and it's not much wonder that babylon berlin was such a roaring success because it's got all the right ingredients sex drugs crime and a good dose of history the biggest german t.v. production ever packs all that into stunning visuals that let you really live the chaos and the hedonism of the 1920 s. berlin and the long awaited season 3 was sold to 100 different countries before it even probably aired so as of monday night the cat is out of the back. season 3 of babylon berlin gets its story from the blue.

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