tv Business Deutsche Welle January 31, 2020 7:30am-7:46am CET
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our 2 part documentary about the revolutionary power of music. part of the job. compasses of history. that the songs are about don't go away because they're with us for all time right. down to the sound of fresh charge february 7th double your home. it's rex's day but keep a cool head because next on the agenda are tough negotiations about the future relations between britain and the remaining 27 e.u. member states. also coming up markets tumble as the w h o declares the coronavirus a global in the region. and this is also beginning to hit business in europe the
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tourist sector in paris already feeling the pain. welcome to do business and want to get jobs and the good to have you with us. today is the brics a day which means negotiations about the u.k.'s future relations with the e.u. will begin very very soon one of the key issues is free trade and the status of e.u. workers in britain and vice versa the european parliament is working to ensure that citizens enjoy the greatest possible freedom of movement even after breaks it but it will be a rough journey getting there. there are already 3200000 citizens living and working in the u.k. and according to the withdrawal agreement that now takes force they'll have residency rights for the rest of their lives. the same applies to the 1200000 brits living in e.u. states but there may be more obstacles for new arrivals in the future after all
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ending freedom of movement was one of the key arguments put forward by the leaf campaign kristen's coming before this could actually present an opportunity for the european union's of course because if britain decides it no longer wants to invite or even skilled workers then it's important for a country like germany to be an attractive option for them because we may very well be facing a shortage of workers in the coming year is moving. germany is also hoping brics that will create new jobs several companies are considering relocating to germany from britain according to one survey and there's been much interest in the financial sector in particular several banks have already moved that european headquarters to the financial hub of frankfurt to mine or at least open branches that 1500 new jobs have been created there already many of which have been filled by british citizens of a more of the economic impact of rexx it i'm joined now on the line by claimants
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president of the institute like this institute for economic research at the university off new nick good morning to you i hope you can hear me we just found out that breaks it means more skilled workers for europe are there any other upsides we should know about. i think there are very few upsides in fact and even skilled workers moving to europe or staying in europe there are some but the numbers are limited the trouble is trade costs are increasing the cost of economic exchange is increasing so i think there are a few upsides here of course we now have 11 months of trade negotiations what must be agreed upon in that very brief period of time to keep economic common both sides at a minimum. the idea is to make sure there will be no tariffs and there will be sufficiently similar regulations that that we don't need complicated border controls and that we can continue the exchange of products the big challenge here is that part of this
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agreement there will be a discussion about what's called level playing field so there are concerns on both sides that the other side will introduce special subsidies or lexx regulations to get an advantage and ask to be an agreement on how we deal with subsidies on these things so it will not be easy to agree on that because one reason for britain to leave the e.u. was precisely to be independent in its regulator e policies and its tax policies but they also always maintained that they want to be close to the e.u. do you think 11 months will be enough to figure that out. it will be it will be very difficult most trade agreements most negotiations take a lot more time now the good news here is that we are starting from a situation without tariffs and swith similar regulations so if both sides really want it i think it's possible to hammer out an agreement in very short time. i also think you know if it is
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a year or 2 years the deadline should be extended i think the u.k. government shouldn't insist on these 11 months that would be what it's what we've seen several turns of by the you get k. government before so let's wait and see is this president of the evil instituting unique thank you so much for your time thank you very much thank you. asian markets extended to their losses after the world health organization declared the coronavirus outbreak a global imagine sea w.h.o. officials made the announcement after hours of discussions in geneva they however praised china's handling of the outbreak and said they oppose any restrictions on trade movement to the country many international companies have already closed offices and outlets in china and restricted business trips there. and for more on the situation let's bring a vote to president of the e.u. chamber of commerce in china he also joins us on the line now in beijing good to have you with us tell us what is the situation for business there right now. one
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of the core of the no fun 1st of all the airport is primarily closed to point to national alliance spent to have the schools closed we are struggling to consider how to bring all of stuff back show that come to the office on monday genere they have a home office and then of course the distribution problems many counties and even villages have blockades around them and i'm sitting here in a hotel in beijing and i can tell you i'm the only guest right now so if it's not mine if not nice in it it must cost to the economy to a lot of money power companies trying to compensate for this coming paralysis. well let me do i want to experience this in 2003 during sars and which the collapse in the economy in in certain areas particular services in the 1st quarter and that there was a very strong rebound for the rest of the year so i envisage
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a 1st quarter which is not good but again china have this rebounding capability so as companies we just have to sort of lay low trying to cope with this and try to keep all people safe see what our customers do and then hope for the best for the rest of the year but the 1st quarter is pretty much great when talking open customers i mean you know the president of the e.u. chamber of commerce in china right now you seem to be pretty much caught off is there still any interaction. you know we all own fault i repeat here is friends with b.g. but of course we don't travel any more. we have to consider how long that's going to last i mean the good news is to be transparent for you to try and the mom like to treat. viruses the severe cases like you have the government different level of a medical emergency so given what i experienced 2 from 3 i'm actually quite optimistic that we possibly can raise
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a better time 2 or 3 or 4 weeks from now all right there president of the chamber of commerce a joiner speaking to us on the line from beijing thank you so much and stay safe. thank you. well the crisis is also hitting business here in europe chinese 2 operators in paris are resigned to a reduced influx of chinese tourists due to the travel ban which is trapped more than 50000000 people and a lot of businesses in the french capital are also feeling the pinch this aids many just becoming more and more desperate and already fears for her job because not many customers can afford products like these and the ones who can are staying away . we need chinese customers because it's chinese customers who buy the most it's a big country and they have the money to buy lots more than other countries and.
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have boutique sets perfumes and beauty products to tourists coming from countries including china japan and south korea but business is slow sales people blame the corona virus outbreak many officials have said it is premature to assess the impact of the epidemic on the local economy. but the paris chamber of commerce says there's no doubt retail shops in museums were be affected as well as travel agencies are. part of the impact is important because it's a great holiday for chinese people who travel a lot and in large numbers so for us the professional chinese reception professionals we suffer from this because there's a loss of income estimated at almost a 3rd of their turnover for the year. 2.2000000 chinese visited france in 2018 with mass cancellations at the start of this year many tour
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operators and travel agencies are already considering putting stuff on temporary leave in other news amazon has rejoined the so-called trillion dollars after posting better than expected quarterly results shares in the online retailers over 13 percent in after hours trading in the us following the announcement of the profits of $3300000000.00 now that's a amazon's market capitalization back through the trillion dollar market the company put its a performance down to its one day shipping program coming in under budget and a 50 percent boost in a muslim primary mission over to the us. and are some of the other business stories making news. truckie rich travelers planning to take over american track make navistar the german also make already owns a 17 percent stake in obvious stuff i want to pay $2900000000.00 now for the rest of the acquisition would make tracks on one of the largest heavy duty truck players
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in the world a rival to dima and volvo. unemployment in the eurozone has fallen to its lowest level in nearly 12 years the jobless rate stands at 7.4 percent in december for the 19 countries that share the euro currency within the group rates vary with unemployment in germany as low as 3.2 percent and as high as 16 percent in greece. well on the day britain finally leaves the european union the u.k. is a pro e.u. movement has pulled out all the stops to make itself heard right up to the end by launching an ode to joy initiative the european union has traditionally used beethoven's famous piece as a musical representation of the e.u. to remain as they have been buying and downloading hundreds of thousands of copies by andrea to your to top the u.k. single charge on the same day as the u.k. leaves of the charts are released later today. but in the spirit of the day we want
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i'm not laughing at the jet. just some guy but myself and when. thinks deep into the german culture of looking at. stereotype question that anyone think the future of the country that i now want. needed seem to think it is groundless gal. it's all that hey look i'm a job join me to meet the geminids and beat up you post. just make sure you can coast. on his typewriter and so. the new film of collateral and counsel by director is good perkins is most definitely not a disney fairy tale. we've got a healthy dose of horror coming out for you here on arts and culture and also on
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the show the psychological real ism of american painter edward hopper his influence on the film features in a new exhibition in basel. and far from the usual kitsch cuckoo clocks as a protest against one german cities housing crunch. you probably know the fairy tale hansel and gretel but this is gretel and hansel a new horror movie that's a livers all the terror of the original grimm brothers tale and ben so the sister and brothers lives take a turn for the worse when their father abandons them in the woods on the orders of their wicked stepmother. fairy tale has a way of getting into your head. even before you. somehow just know. who knows when i think. it's
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