tv Business - News Deutsche Welle October 1, 2020 8:15am-8:31am CEST
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pansy flakes side. you're watching t.v. news coming up next it's business was rob watch he'll be taking a closer look at what's going on with the north stream gas pipeline project e.u. leaders are thinking about that and don't forget you can always stay up to date on our web site that's d.w. dot com you can also follow us on instagram twitter news you'll find me on twitter at t.m. news stream i'm terry martin thanks watch. why did this person.
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there are many. there are many resumes. to. be done. make up your own mind. w. e u heads of state get together in brussels as they do incessantly looms over the no extreme to gas line between russia and germany as relations with moscow to terrio right also coming up. 30 years after the reunification of germany will visit a fall that east. german factory is still going strong. thanks this day to be
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business on robots in berlin welcome to the program leaders meeting today have. among a host of issues facing the blocked as the crisis in belarus and russia especially following the poisoning of opposition activist alexina valmy attention is piling pressure on the controversial 10000000000 euro notes stream 2 projects that supposed to deliver russian gas directly to germany. all seemed well between germany and russia back in 2018 when vladimir putin and former german chancellor celebrated the start of construction work on stream to the north stream to pipeline is set to carry 55000000000 cubic meters of russian gas to germany directly every year without passing through either the ukraine or poland. the gas will travel from the city of bergen russia along the 2400 kilometer underwater pipeline through the
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baltic sea to the german coast is almost complete there are just 150 kilometers still to be late. but in july this year the u.s. threatened sanctions against all individuals and companies involved in the pipeline work on the project halted it even looked like it might be scrapped much to washington's delight in 1973 the 1st gas shipments from the former soviet union arrived in west germany it was the height of the oil crisis and the u.s. was furious since then the soviet union and later russia have worked hard to step up and the g. supplies to germany even though there have been plenty of political conflicts between the 2 countries over the years like when the soviet army marched into afghanistan in 1979 to rescue its shaky communist regime. or win glad to me a putin and next ukraine's crimean peninsula in 2014 so far germany has always endeavored to separate politics from its economic interests when it comes to
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russia but that could now change with the poisoning of russian opposition leader alexei navalny. pressure is mounting on chance in that angle americal to take a firm stone. yes start fresh a little bit more by speaking to more results for joins us from moscow he's from the russian international affairs council welcome to the program so do we know what the russian government is thinking on nord stream to do they think the project is in jeopardy. well thanks a lot or this opportunity to my man on the russian government indeed believes. the u.s. pressure on the north korean too is about promoting the mainly the us economic interests and the interests of the us l. and g. gas in europe rather than some political concerns but also to the farkle this
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overall pressure on russia not since 2014 but the russian government to seize 2013 when the 1st sanctions the markets q sanctions were introduced and therefore of the u.s. efforts in cancelling the millstream 2 are perceived to not only as far of economic competition but a far broader u.s. strategy to contain and to curb russia's economic development and to curb russian dies with the european union and primarily john yeah but the opposition doesn't just come from the united states there are members within the e.u. poland for example that are dead against north stream. but of course but this is also perceived as the same reason because you see poland actually advocates or another by which it goes from norway to poland and recently
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the polish government suggested that germany joins this project and also that germany and other countries join the project of the new energy terminal and all and as well as the interests of the ukraine that are highly promoted by the us and of course poland and many of the european countries and eastern european members of the us union so in this case it just perceived as on the one side of it though he should be sure all these your racial relations between the united states and the european countries that are more likely to fold to washington's line against russia but also of the economic interests of these countries which are in fact interested in maintaining russia acts for of natural gas through their territories and thus all those payments that come with. just very quickly in his army thing today are more sanctions coming against russia. well you see you
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see oh no we haven't seen any sanctions any distance agents against the boroughs and against something on the look of. you know if you see there will be any personal sanctions used to look at surely current accuse associates but to my mind the issue now while it was only when you somehow are separated in the german political discourse because many of the german police go elite members actually told that we should separate the trade show and those issues that are released russian domestic politics and 2 although our political differences ok so industries i don't know what's true to be jeopardized greatly by not only case also believe it or we're all deterioration of our relations we'll continue to memories of from the russian international affairs council in moscow thanks for
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joining us later on now a brief look at some of the other business stories making the news a technical glitch brought trading to a halt on a tech a stock exchange on thursday the outage last of the entire session affecting thousands of shares the world's 3rd largest equity market has seen system failures in the past though none this long exchange officials gave no timeline for a fix. and banks in the u.k. have moved some 7500 employees and 1.4 trillion your as worth of assets to the head of brac set according to the young a consulting firm says dublin luxembourg and frank fair to profit at the most more jobs and asset assets are likely to follow. but on that let's cross to frankfurt and asked financial correspondent ashutosh panday so what's behind this rush by banks to take assets and people out of the u.k. . well banks are fearful that the brakes it would actually this took their ability
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to serve clients on continental europe and that's the reason why you are seeing these banks move to add to this but it's nothing new in this report you see this is just a compile a show what we've been hearing we're seeing over the past 3 or 4 years j.p. morgan is reported to be shifting 200000000000 euros or to frankfurt making it one of the biggest banks by assets in germany but having said that london will continue to be and remains of popular destination for financial forms but you can expect more shifting to the continental europe well more companies moving this side but a lot will depend on what kind of a deal is reached between the e.u. and the u.k. we should also talk about that bizarre trading session or lack of it in tokyo what happened. well for now it's been blamed on hardware issues there's no
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indication of it being a cyber attack like the we've the saw in new zealand where trading was disrupted in august. but it's a huge setback for a talk year which is actually looking to project itself as an alternative to hong kong as best and companies look to move out of the chinese territory. i should have fun day in frankfurt thanks for bringing us up to date now it's been 30 years since the reunification of germany which began of course with the fall of the berlin wall but many people in the east still see themselves as loses process especially economically a lot of east german businesses were shuttered and few friends survived but among those that did were cake mix pioneers cotton. crumble cake chocolate cake and muffins cake mix company katty has more than 60 varieties on offer the family business was founded in 1952 in east germany the communist government there seized
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the company from moscow tito's father and turned it into a state enterprise tita is the current c.e.o. and he was given back the company after german reunification but that's when his problem started no one wanted to buy products made in the east anymore. july 1st $990.00 we got the west german deutschmark so of course consumers in the east wanted to buy western products with the d. mark not the ones they've known for decades i call it a blind run to buy all the shiny gold things they've seen in commercials on west german television. taking small steps cut he was able to win back its place on the shelves of germany's supermarkets the company started out with 35 people but today that number has gone up to 19 based on how in the eastern state of sexy and how to cut he is the market leader in eastern germany for cake mixes johana poirot comes from the western german region of
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franconia she's been employed at cathy for 5 years 30 years after german reunification eastern german products are just starting to become familiar in the west. such i think is the flu that's in fact it's changing quickly now you can find several cattle cake mixes on the shelves in our region and when i go to munich to visit my grandmother i always take a long big bags of baking mix because the trainees in the home there bake with cathy and i'll think. the small family business doesn't have a huge advertising budget to make its products known in western germany it has to measure its progress there in small steps still county is a german success story. after german reunification the company's buildings and facilities were dilapidated it was anything but clear that the father of today's c.e.o. would prevail against the author to use a far bigger competitors and
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a new german bureaucracy how to deny this i got the impression that certain people had an interest in throwing a little sand into the gears and slowing down the reprivatize zation process trying to get my father to give up at that time that would have got rid of us as competitors on the market. 30 years after germany's reunification katty baking mixes are even available in the us and their market share is growing in western germany. just need not be destroyed so ok that's it for me and the business team here investment if you want more check out our website to do a dot com slash business but. that
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made in germany. on d w. happiness for years for everyone human penises are very different from primates you know we have a totally ridiculous remembered size view of nature and that. this is climate change brags that sex how to improve books you get smarter for appearing to double your books. if there's a country that knows what change feels like it's germany on october 3rd 1990 the country where unified 2 ideologically different systems became one the challenges
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