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tv   Business  Deutsche Welle  December 31, 2019 4:15am-4:30am CET

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new off the times square crystal ball has been given a practice run $32000.00 l.e.d. lots of dawn the ball which is a whole much of american new year's eve celebration. that. you're watching day doubly news that's often out don't forget you can get all the lights news and information around the clock on our web site at w dot com now but i'm anthony howard thanks for watching. but dusty brutes muddy tires and drums we deliver urgent lifesaving boxes we give our everything to reach those who need us the most every box feeding their futures. boxes full of hope of lifesaving food and are so much more
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down the road with no names we feel asleep to live a relentless you know promise to make every delivery special and. not just next day but every day. thousands of children still waiting for their delivery sponsor books today so together we can deliver features. are the u.s. and china ready to sign the dotted line to face one trade deal between the 2 nations looks to be near what will it mean for markets that are already hitting record highs. and we'll look back on 2019 and what the year meant for business worldwide from the corporate hallways of boeing to the angry streets of santiago chile. this is your business report i'm stephen beard's in bilin it's good to have
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you with us carlos gonyea is gone media reports say the former nissan renault chairman has left japan where he was under house arrest and arrived in lebanon on monday apparently jumping bail going holds dual french and lebanese citizenship going was on bail in tokyo awaiting trial on charges of hiding in common financial misconduct related to his time at nissan he has denied those charges calling them a plot by this frontal nissan executives a condition of guns bail was that he remain in japan his trial was scheduled to begin in april. the u.s. and china are on course to sign their phase one trade deal in the coming week that's according to white house trade advisor peter navarro in an interview with fox news he added that washington is just waiting for a translation of the deal the agreement calls for a dues tariffs on u.s. imports on to from china and more chinese purchases of u.s.
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agricultural products the white house said the deal also addresses american concerns about intellectual property theft and forced technology transfers to china although the exact details remain unclear. let's go to our financial correspondent in new york. a yes it's been a rather quiet day on wall street from what i understand despite this much wished for trade deal parents in the offing what's going on. well 1st of all we all know that after phase one of the trade deal comes face to of the traits that might be even tougher to negotiate with what might get signed in the next couple of days and then we shouldn't forget that 2019 at least for stocks was a pretty stellar year the s. and p. $500.00 up by almost 29 percent we have pretty much in line to have the best year on wall street since 90 and 97 so we did see stocks on the
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rise all year long companies like microsoft for example up on the year by a good 55 percent and so they're almost last trading day of the year there was a bit of a cautious tolly on wall street but if you see we decreased the point 6 percent in the dog jones industrial average so it was not too dramatic what we saw here on december 30th is the markets are set up for such a strong finish which is incredibly different from this time last year there was so much turmoil what happened in the past year what changed. yeah what a difference a year mayor gets but if you look back 12 months ago we just saw the federal reserve to. interest rates one more time then there was some skepticism if a trade deal would get done there was a lot of talk about recession right now and nobody really talks about a recession at least in the u.s.
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in the near future we saw 3 interest rate cuts as you mentioned before there is some sign on the horizon that at least this phase one trade deal will be a science so all of the negatives to a certain degree have turned positive and that's why we saw the stock market on fire but overall it was really the federal reserve was those 3 rate cuts what drove the markets in the past couple of months but what we also shouldn't forget it's a bit of growth because also the dept load when it comes to private households when it comes to corporations when it comes to end tire nations have been on the rise and that could haunt us at some point in the future but right now and nobody really wants to think about that all right quarter their 1st in new york thank you very much. from trade wars to unilateral sanctions and brags that it was a year in which liberalise trade came under fire but
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a new study by the bettles mon foundation found that the biggest beneficiaries of a rules based trading system are the 2 nations leading group global trade disruption the u.s. and china both have pulled in by far the largest net benefit from trade in terms of real g.d.p. and that's thanks to their membership in the w t o which sets trade rules and arbitrates disagreements now for the usa the study says that benefit comes in around $87000000000.00 china enjoys almost the same amount $86000000000.00 in trade benefits from being a member in the w t o and in 3rd place germany which routes around $66000000000.00 in trade benefits as part of its membership in the ws yo and yet the world trade organization is under intense pressure especially from the u.s. as it leads a trade war against china a trade war that became the biggest business story of 2019 but certainly not the only business story take a look will they or won't they the u.s. and china have been at it throughout the year and in may trump announced that
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washington would raise previous terrorist where having a little wobble with china because we've been treated very fairly for many many decades are actually a long china retaliated with its own threat and in the summer a truce was announced to the g 20 summit in all soka but the u.s. reneged on that tensions eased earlier this month u.s. president trump tweeted that a very large phase one deal had been reached with china with beijing agreeing to buy a range of american goods as a result washington suspended penalty tariffs set for december 15th something beijing confirmed that 2 countries now say they are preparing to sign an agreement next month. one of the sticking points between washington and beijing has been china's dominance in the tech sector and that is something the white house wants to end one of the targets of its come pain has been chinese tech giant huawei the
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white house says beijing could use while waste technology for intelligence gathering and industrial espionage washington has been calling for its allies to block the company from participating in building 5 g. networks no surprise the debate on while way has also been heated here in germany and we've been covering it. can the state of china force you to give information which you would be able to collect for example in germany now all we want while way has never received any such requests during our operations over the past years and even if we received such requests in the future we would not agree to them as without any lawful requests so we won't do anything which will. change what i was. on during the last $3529000.00 was the year of the protest across the world also across germany's border the yellow that's movement took to the streets in neighboring france to protest against the government's planned economic reforms . the us hurting workers the french government says they are needed to overhaul the
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economy to make it more competitive. in the middle east the lebanese government's economic reform attempts were met with countrywide protests people took to the streets to demonstrate against plan changes to the tax regime stagnating economy and corruption and that led to the resignation of the country's prime minister. changed didn't get as bad as government but it would dorian's manage to push their lawmakers to the brink with protests that crippled the country's transportation networks in the end the government had to withdraw plans to remove a fuel subsidy after dramatic protests. elsewhere in latin america people were taking to the streets and i didn't he know and chilling to protest against economic reforms and the higher cost of living i cost of living was also a major issue for zimbabweans the protests were triggered by
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a 130 percent fuel price hike and that on the country's declining standard of living prompted people to take to the streets throughout the year the. u.s. plane make a boeing also dominated headlines this year it started last march with a fatal plane crash in ethiopia. the 2nd for it 737 max at 1st the company tried to deny responsibility but air transportation authorities were soon ordering the grounding of a 77 mass its best selling aircraft within weeks of the incident since then the plane maker has been mired in a crisis in december boeing said it was holding production of the 737 max and c.e.o. dennis mullen berg was ousted new seal david calhoun will now face the task of engineering a turnaround and rescuing started reputation. it's been a busy year for the markets across the world but it appears the u.s. markets have managed to ride out the uncertainty and the stock market is at a record high in the u.s. and that's something the u.s.
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president has been raving about and taking credit for he says the highs a jew to his reforms. hard to say but what is clear is that the global economy has been slowing with the i.m.f. and the world bank mainly blaming the u.s. china trade dispute but despite that there's been records in markets in both sides of the pond and that was the spot of good news this year. let's take a look now at some of the other business stories making news around the world a production milestone for u.s. electric vehicle maker tesla its 1st model 3 cars built at its chinese plant shanghai have rolled off the production line less than a year after work began in the factory electric car maker says it will increase production in china the world's largest car market. also in china another high speed rail way has gone into service in the country connecting the cities of beijing and chong djoko co-host of the 2020 winter olympics the trip used to take
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almost 4 hours and has now been shortened to under one hour. germany imported a record number of fireworks last year but this year's new year's celebrations kick off with a ban instead of a bang this year the berlin government has introduced a fireworks ban in the center of the city citing the large amount of pollutants created which include plastic waste and find just. that's it it for me and the business team here in berlin i'm stephen beardsley always thanks for watching.
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