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tv   Business  Deutsche Welle  January 31, 2020 11:30am-11:46am CET

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transcend. altogether. part documentary about the revolutionary. guards a job. like. this is a. song about don't go away stay with us for all time like. start february 7th. it's brick said today but keep a cool head because next on the agenda are tough negotiations about the future relationship 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 and. welcome to do business i want to get johns and good to have you with
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us so tonight at midnight to britain will exit to the european union but this is not the end of brics it's this is where the real fun begins because in the coming months britain and the e.u. will have to negotiate a new relationship and time is not on their side. it's a race against time. the u.k. and the e.u. have until the end of 2022 to find their new post brecht's that relationship and there's still a long way to go so one of the issues that need sorting trade is the biggest one i think the trade relation between the 2 how are we going to trade with each other are we going to have tariffs or are we not going to have types in the way that we exchange goods and services that's going to be i think the biggest thing to do a successful outcome on this key issue will depend on the u.k. agreeing to the e.u.'s calls for a level playing field the e.u. wants the u.k. to stick to e.u. rules out of fear that the u.k.
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will lower its standards or profit from unfair advantages but for british negotiators being freed of e.u. rules is one of the main drivers for brakes it so talks will be tough in my view the e.u. has a symmetrically bigger power when it comes to when it comes to trade each country in the you would be using one market the u.k. would be losing $27.00 markets. there is one element where i think the u.k. has got perhaps more of a say that is in the financial markets and that is basically london this city has served as a major financial hub for the whole of the e.u. as the e.u. doesn't want to lose that expertise the u.k. could cues the city of london as a bargaining chip in the negotiations and then there's the issue of fishing rights that could be a stumbling stone on the bumpy road to bracks are taking back control of british waters was a key bracks a campaign pledge but the u.k. may have to compromise if it doesn't want the issue to scupper chances of
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finalizing a deal with the e.u. the u.k. leaving my view was unjustified and therefore i believe that it's going to be an economic cost for the u.k. so the closer we can keep when it comes down to the way we do trade for example the better it's going to be for both of us it's going to be an extremely tight race to get things done by the end of the year. it's going to be difficult let's dig a little bit deeper now with nicole sykes head of you negotiations of the conference ration of british industry she joins us in london good to have you with us do you support london stance on this one ending freedom of movement despite it quite possibly causing trade friction so i think free movement was something that was a really big issue during the referendum and it was very clear that the public said we want to end this. business is very pragmatic over here is as it is in germany and for us it's a case of how do we make this work and it's incredibly important that we get
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a system of migration into the k. that make sure that businesses at all skill levels can access the people that they need whether that's whether that's in farming whether that's in financial services all the way 3 or different skill levels and that's something we're working with the government on at the moment they're coming forward with a new proposal about sort of a points based immigration system making sure that we match people skills to the skills that we need to know in our economy and we're making sure that that is as open as possible but i think we all knew that free movement was going to end on bikes that day and we've had to move on and be problematic about right but freedom of movement of course does not only relate to workers it also relates to goods to services all of these key issues what kind of future relationship on those terms especially also with the level playing field would best serve british business interests. so i think it's really important on
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a level playing field is that british business doesn't want a lowering of standards and i have been working on this for 3 and a half years now and i have had one conversation with company with a company about changing employer was overwhelmingly hundreds and hundreds of conversations it's just not an issue that speaking raised businesses don't think like that they know that they have to offer really good places to work in in order to attract people in climate change and sustainability in the environment are another really important aspect of the level playing field but again you know there is a huge debate in the u.k. at the moment about how we get on and becomes more sustainable we've had in rights and after announcement. from other judges about it i just it just get in there because this huge debate going on in britain we only have 11 months to chalk out a decent trade to deal do you have a plan b. if that's doesn't happen. we only have 11 months you're right
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and we know that the time is really short on knots and it does seem as if we're going to have to talk about. areas where there is disagreement 1st these things about sort of financial services and fishing and getting some of those difficult issues done on things like tariffs i think business says for a really pragmatic point of view there's no benefit tariffs on either side neither side wants to impose tariffs on the other and so let's move through that if we can we know that there's not going to be frictionless trade anymore we know there are going to be frictions so we have to move quite quickly into how do we actually manage the costs manage the complexities huge amounts of details to deal with and but we do think that those those talks will be kicking off soon we're expecting announcements next week which will lay out sort of the expectations from various sites all right well best of luck for both sides of course because like the head of negotiations at the confederation of british industries thank you so much for your time. it is unclear how much exactly breck's it will cost britons in the long
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run but at least they can pay for it with freshly minted bricks of chords new commemorative $50.00 pence coins feature the words peace prosperity and friendship with all nations on today's backs of today to that is the 31st of january 2020 around $3000000.00 of them are going into circulation today with more coming later in the year it's not the 1st time the royal mint has produced a special coin but previous ones struck a decidedly different tone all of them celebrating the joint european market. asian markets extended their losses off the world health organization declared to the corona virus outbreak a global emergency 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 and movement to the country many international companies have already closed
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offices and outlets in china and restricted business trips there. are more on the situation that's bringing your 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 of the core of the no fun 1st of all is the airport is primarily tools to point to national alliance spent half the schools closed we are struggling to consider how to bring all the stuff back show the comfort of the office on monday janelle may have a home office and then of course a distribution problems many counties and even villages have blockades around them and i'm sitting here in the hotel in beijing and i can tell you i'm the only guest right now so if it's not nice if not nice in it it must cost to the economy and also a lot of money power companies trying to compensate for this coming paralysis. well
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let me die want to experience this in 2003 doing sars and we have 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 a 1st quarter which is not good but again china has this rebounding capabilities so as companies we just have to sort of play a little logical basis try to keep all people safe she will tell customers to do and then hope for the best for the rest of the year but the 1st quarter is pretty much grim when talking off when 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 on phones i think we meet here as friends in beijing but of course we don't travel any more. and we have to consider how long that's going to last i mean the good news is there seems to be full transparency the chinese system on like to talk of. the virus is
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a severe case like sars we have the government at a different level when it comes to medical emergencies so given what i experienced 2003 i've actually quite optimistic that we possibly can can face a better times in 2 or 3 or 4 weeks from now all right to the president of the chamber of commerce joining us speaking to us on the line from beijing thank you so much and stay safe. now to some of the other business stories making news. the french economy is slowing down growing only 1.2 percent in $29000.00 the slowdown is due to an actual shrinking economy during the last quarter and france was crippled by strikes over the government's pension reforms the strikes brought a fall in production and a slowdown in consumer spending and business sentiment or investment. unemployment in the eurozone has fallen to its lowest level in nearly 12 years the jobless rate
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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. case pro e.u. movement has pulled out all the stops to make itself heard right up to the end by launching an old to enjoy initiative the european union has traditionally used to be told whose famous piece as a musical representation of the e.u. so remain as have been buying and downloading hundreds of thousands of copies by andrea re your 2 top the u.k. singles charts on the same day as the u.k. leaves well the charts and won't be released until later today so we will have to wait until we know whether that campaign succeeded but in the spirit of the day we
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want to leave you with a few more bars of beethoven's ode to joy as we say thanks for watching and goodbye . i am. i am. i am. i am. i am.
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just so. what secrets lie behind the small. discover new adventures in 360. and explore fascinating world heritage sites of the b.w. world heritage $360.00 get kidnapped now. this is it breaks it
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is really happening great britain is leaving the european union after 3 years of tough. there seems to be deeply divided country needs much work for future generations from a. time to say give. our breaks a special edition. here on the telly. and coast. on here it's not the other hand so. the new film of collateral and council by director of oz 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 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 delivers all the terror of the original grimm brothers tale and then 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 tell 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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