tv Business - News Deutsche Welle November 2, 2020 9:30am-9:45am CET
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i learned it really is this is the job just added to my how i see it and why my job because i try to do it exactly it is a day. by name 2 and i work at it. it's the week of the u.s. presidential election and many wonder what's in store for the 4 years of donald trump in office have certainly left their mark on the global economy a day before the election retake stock of u.s. german business ties also coming up had 4 years ago as well britain decided to leave the european union a new trade deal is still nowhere in sight and to the scenario customs k. is at the borders seems ever more likely. just when australia needs it
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sweet farmers their start harvesting crops with wheat exports forecast to almost double this year. but have to do business on one of the giants and burn em good to have you with us and we're starting with china manufacturing there continued to recover in october as a key purchasing managers index reached the highest level since january 2011 the sides seem private the follow to official p.m.i. figures over the weekend which also showed faster recovery in the world's 2nd biggest economy the pandemic appears largely under control in china business operations improved as did the mood among entrepreneurs that export growth is slowing us code 19 resurfaces in other countries. well for more on those chinese data i'm joined now by our financial correspondent in frankfurt cama good to see you. well obviously today germany starts its 2nd aloft
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down how did china manage to to keep the economy open. o. monaco with strict top down management off the outbreaks as soon as an outbreak happens in china the administration is very willing to immediately close down the whole region introduce very strict testing and tracing measures very strict quarantines but it seems that also a cultural factor is playing into this over the weekend i talked to a friend who is from china and now lives in germany and she told me that where in mosques is not something that people in china complain about and not only of parts of china where you know complaining is not a good idea but also in taiwan a country with free speech people there seem to be much more willing to accept strict measures they wear masks they socially distance and do everything else to
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seri all right so this is a lot to live however china didn't escape the pandemic unscathed it's an export oriented nation in the fact that other parts of the well to still struggling with this health rises how does this impact the country's economic outlook. well of course also in china making an outlook about business development about what will happen to the economy in the coming months in the coming year is also very very difficult worldwide in europe united states also other parts of asia capital expenditures are being postponed purchasing managers are very reluctant to make in large and longer term spending decisions this of course makes the outlook in china difficult but china in recent years has done a lot to become more independent from the rest of the world the domestic demand is playing more of a role and this has helped china so far to recover so. quickly all right conrad was
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in frankfurt thank you so much. now this is the week that will determine the shape of global trade for the coming years at least a record number of registered voters have already cast their ballots in the race between donald trump and joe biden millions more will go out and vote tomorrow on election day after 4 years of donald trump in office let's take a look now at how significant this election could be for the german economy. machines cars and parts from suppliers those are germany's top sellers in the u.s. and apparently thriving business even during donald trump's presidency. german companies sold 107000000000 euros worth of goods in the u.s. in the year trump took office an amount that continued to climb this makes the u.s. germany's most important trading partner and the u.s. has sold more goods to germany each year since trump took office so does this mean
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that trade relations are running smoothly between the u.s. and germany not at all according to stormy. from the federation of german industries. damn i really feel we really reached a low point during the trump administration we have several new trade conflicts steel and aluminum tariffs for one thing but also the conflict over subsidies in the aviation sector for example air bus boeing and the threat of motor vehicle tariffs is unfortunately still on the table. as it is on flicks have increased dramatically like enron for one norm even so u.s. companies continue to invest heavily in germany about 13000000000 euros last year in return german companies invested about 34000000000 euros in projects in the u.s. and 2900. francs more to laurie of the american chamber of commerce in berlin reports positive experiences despite
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disagreements between berlin and washington most recently during his visits to georgia kentucky and indiana these are states that want to german he says hey i want to come and know is there were some german go all we don't want your jobs on. and you know whoa whoa he says i want to invest in germany there's a 1000000 programs here there's all kinds of investment banks in every state the interest is big but much needs to be done to lead trade relations back to calmer waters once again. i find i've asked of mom 1st of all trusts needs to be rebuilt at all levels not just on the executive or leadership level but also all the way down to the workers level. but on guns that means the dialogue that we always used to have but that was suspended under the trump administration would have to be reactivated the about how to talk with up to 11 the alphabet. but just
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how willing both parties will be to engage in dialogue depends on the election results. we're talking of trade and dialogue fishing and a level playing field those are the main sticking points in the seemingly never ending post breaks it's trade negotiations between britain and the e.u. right now it looks unlikely that a deal can be reached before the end of the transition period and that means british companies will have to deal with tons of red tape at the border if they want to sell into the world's biggest trading block that's the european union come january the 1st. port operations at dover run like clockwork up to $10000.00 trucks pass through the busiest british seaport every day the vast majority of freight almost 99 percent is trade within the e.u. meaning it's not subject to customs checks that's all about to change outside the block companies will have to complete a lot of paperwork for the drivers here's
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a glimpse. a movement reference number is generated by a transit accompanying document and exit summary declaration and should be lodged with the goods vehicle movement service this then generate take goods movement reference which is given to the driver before i can't access a permit is secured to enter the county of kent where dover lives. should the driver like one of the papers he can face a 300 pounds fine and could be sent back. we have filled out customs declarations for 37 years with your story experience we can read about 5000. agents in the u.k. we get any closer to 50000 agents. at this stage we have no one idea that the speed at which that class is growing in the rock is a recent issue change is very just fill out the paper is pretty well the biggest challenge many predict chaos even the british government has said 7000 trucks could
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be held in 100 kilometer queues in kent the garden of england could turn into. the morey park of england to avoid chaos construction workers are busily creating a customs clearance steptoe with room for up to 2000 trucks. here at the port of hole in northern england the situation is even worse than in dover construction workers not yet started on the required infrastructure it's not even clear where the new facilities are actually going to be but the port is also vital to the british economy all consumers would notice if something happened in the humble ports the biggest example of that would be in terms of energy so about 10 percent of all of the u.k.'s energy supplied by materials that come through the humble ports but also in terms of vehicles about 25 percent of all of the u.k. fuel for its vehicles comes through the humble as well so if we were not open you would notice it very quickly and by a very quickly it could be a mere 2 or 3 weeks before the nation begins to feel the pinch.
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or u.k. prime minister boris johnson often calls for an australia style deal where the e.u. and australia are still negotiating a trade agreement so maybe we have to brace for yet more talks between britain and the e.u. meanwhile in australia we recorded a bumper harvest it's the 1st positive news for grain pharmacy following 2 seasons of drought that had choked output and export markets are already waiting for the crop. fields and fields of gold and wheat to mow for farmers like alexander madden it might as well be money. say what's in front of you and. knowing what's in a sod. you know. the banks are safe. place and it's not a house it becomes a. strong early rains help this year's wheat crop australia is forecasting a whopping 29000000 tonnes of the grain is the 3rd largest harvest in 30 years if
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forecasts hold. exports are expected to climb dramatically as well not just because there's more wheat in australian silos but other major we producers around the world are seeing poor harvest this season. australian wheat farmers have also had a fortune in not being targeted by chinese trade tariffs barley farmers by comparison have been singled out in the diplomatic turn trade dispute between the 2 nations there's still challenges ahead whether it could still limit harvesting days or even lower the quality of the wheat itself. but early signs are promising wheat deliveries in the nearby town of mora are piling up. and farmers like madden are optimistic his harvest is already coming in suggesting more stress free days ahead. well online shopping for clothes can be tricky when it comes to getting the
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science ride the body measuring the social suit sure to make the experience more accessible using handoffs on the suit to a phone creates a 3 d. model of the whereas a body letting the custom made clothes match to the shape the 1st version had some technical glitches but the japanese company promises the new version is tailor made for success. and that's your business update here on d w for me and the team member lynn as always thanks for watching see a later. this
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presidential election is a crucial why not just for the united states who's leaving the race in the middle east with us we'll be right here for you and those tell you everything you need to know as america the sun is moving you the numbers issues the background join us for a special political courage from the u.s. election november 4th on. the 20 joining us election on t.w. . we have floor yet to find out why the latino gold rings more republican. i
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. watch our report today indeed only needs. still be annoying man's last wish is to go out for just one more ride in the car trunk of in slow wants to make her wish come true as he's already done for so many terminally ill people. there's a lighthouse in the background. one more trip to the beach the movies or back home from the fence will cause them stone and fatten.
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a heart on a mission today is to pick up hostages was old and summer solstice encounter can say. from then slow and his assistants are ready whenever a terminally ill person in northern lower saxony would like to go for a ride the tours are free of charge the staff volunteers he has his own specially fitted ambulances they call the tours stand and foughten or make a wish trips today then slow and his team are picking up someone very special the woman is the daughter of his 1st passenger from 6 years ago this trip isn't easy for vents low. was idea since then we have phone ways can attend. that's why for me the story goes sort of relatively close to the.
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