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tv   Business - News  Deutsche Welle  December 25, 2020 8:15am-8:31am CET

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up next my colleague chris with new business news taking a closer look at what that breaks that agreement means for economies off the outside the glass you can get all the latest news and information are all that's on our website. i'm christine. and i'll be back at the top of the al but the nation's headlines join me if you can't. have a grandson. they know the police will stock up. they
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know that the road is not a solution. they know their flight could be surreal. but going back to using not an option. i'm on and are stuck in the spanish border area. other young people there waiting for a chance that will probably never come. shattered dreams starts january 18th on t.w. . the deal is seal after 4 long years britain and the european union agree on a provisional dregs of divorce agreement the news means a decades long relationship will end on a friendlier note then fear and major trade chaos can be also called another day of a deal on the line for the. the european union and china are currently facing fresh
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difficulties they're emphasizing comprehensive investment act and we'll introduce you to a restaurant owner here in germany who is confidently serving a 2nd infection wave thanks to a new business model. for scoble welcome to the program the deal is done 4 years after the people of the united kingdom voted by a narrow margin to leave the european union the 2 sides have reached an agreement on the terms of their future relationship fundamentally the deal means that both sides can continue to trade goods without having to pay terrorists there also won't be a limit on how much they can buy and sell to each other in other words no tariffs no quotas they've also reached an agreement on a so-called level playing field for doing business this will allow both sides to monitor the standards of the other with an impending system set up to handle
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disputes there was a last minute scramble to resolve the emotional issue of fisheries with decisions made on how much fishing can take place in british waters but financial services are worth 100 times more that a fisheries to the u.k. economy and it wasn't in the deal instead both sides will decide on a regular basis whether financial services can be offered between the k. and the e.u. meaning either side could suddenly choose to cut off the other. now of course the deal was a long time in the making and in many ways it represents the beginning of what could be a long post briggs a journey for the united kingdom here's more on the road ahead. the deal is done a crisis of verted it's a relief for both sides after all half of the u.k.'s trade is with its european neighbors and the u.k. is the e.u. 3rd largest trading partner the talks were painful but the alternative was worse pushing the begrudging neighbors closer together never has the european union
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offered so much to a so-called 3rd country the u.k. has enhanced its decision making at home but still has access to the e.u. market whereas the e.u. has kept a key customer for billions of euros of goods a lot will change come the 1st of january the biggest the u.k. will be out of the e.u. single market but both sides will continue to have tariff free access to each other's economies citizens from either side will no longer have the automatic right to live and work in each other's territories there's likely to be delays of borders as everyone gets used to complicated new custom systems and the u.k. will stop most of its payments into the e.u.'s budget. selling british wares freely in the e.u.'s marketplace is the 1st big step but britain still has a monumental task ahead of it before the brics britain had access to scores of deals now it's on a shopping spree buttering with partners to snap up trade pacts worldwide.
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the u.k. has already signed up $59.00 countries to continue trading under the same conditions as with the e.u. plus a fresh deal with japan that's $220000000000.00 euros worth of trade still there are noticeable absences the u.s. would be the big prize but president elect biden has voiced concerns over bracks it which could signal tough negotiations ahead canada has agreed a temporary deal while talks on a permanent trade pact to continue negotiations with australia started in the summer under still ongoing whether the u.k. will do a trade deal with the world's 2nd biggest economy china is an open question the u.k. isn't part of the heavyweight economy anymore which could weaken the u.k.'s hand in these trade talks the new deal will be a relief on both sides of the channel but for britain the toughest times may lie ahead experts predict economic growth to slow living standards to drop after all it
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is dream of gaining sovereignty but to buy that they've given away their country's international influence. right now the u.k. needs good news for its economy as with everywhere the pandemic has eaten away at growth hastening the decline of thousands of small towns and cities getting trade humming through britain's ports will help mitigate those effects but will the opportunity cost of brecht's it leave the u.k. far weaker in the world than it could have been or will britain confound critics and build itself into a singapore on the english channel the odds are stacked against them but by getting a deal with the e.u. done britons have looks beyond their island and taken the 1st important step. now from britain's finalize divorce deal with europe to another major pact still pending the e.u. china investment agreement talks appear to have stalled in the final stretch beijing however insists they are going as planned. the search for an
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e.u. china investment agreement has been 7 years in the making it would guarantee a level playing field for european companies operating in china a pact would likewise safeguard chinese companies access to european markets germany was confident of a deal by year end but then barriers began to emerge china denied a report it was raising additional demands in the sensitive area of nuclear energy . as far as i know you negotiations are currently proceeding smoothly the so-called news that china proposed to invest in a new nuclear power plants which caused a deadlock in the china e.u. investment talks fake news. the e.u. is china's 2nd largest trading partner with bilateral trade amounting to $650000000000.00 china's human rights record is complication the talks there have been reports france was refusing to support the pact if china didn't agree to stop
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forced labor on the massive term into mostly muslim weaker is inching jiang. the pact could also strain relations between europe and the u.s. advisers to president elect joe biden of called on the e.u. to hit the brakes on the deal until after the new administration takes office i mean to put forward to the congress time now for a quick go to some of the other business stories making news turkey is there as search say 5 week high against the u.s. dollar after any better known than expected interest rate hike the central bank raised interest rates to 17 percent to cool skyrocketing inflation than there are has been among the worst performing currencies this year down around 23 percent amid coronavirus lock downs and double digit inflation some $850.00 cargo staff at british airways are to begin a weeklong strike on friday over a pay dispute the union unite union says workers face pay cuts of up to 25 percent shipments to and from britain have already been disrupted by border closures
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following the discovery of a new coronavirus very alitalia has restarted daily flights to and from london after receiving clearance from in these health ministry the carriers said passengers traveling to italy must be residents or have urgent reasons for the journey a negative covered 1000 test is also required for suspended earlier this week because of new corona virus variants circling in the u.k. . a recent study of the hospitality sector here in germany showed that around 20 percent of restaurants could be in serious threat of going under because of the impact of the coronavirus pandemic we met one restaurant owner who was robbed of his livelihood by the 1st wave of the virus but he surfing the 2nd wave with confidence thanks to a new business model. there's nothing like a juicy beef steak with grilled vegetables chef yosh yobs and his son pamper their
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guests right where they live so he prepares the food outside in the customer's yard in freezing december temperatures. to have imagined it would be so popular that's nice but it's always a real challenge every customers different thing have individual wishes and you can see how cold and windy it is. they used to take care of their guests here a small restaurant located at berlin city limits outside they had enough seating for 80 and inside 50 more just 10 months ago yups employed more than 20 staff at his steakhouse but the restaurant didn't even survive the 1st wave of the coronavirus. we had to declare bankruptcy and close the restaurant we had very high overhead the monthly rental alone was 15000 euros last week then of course we have to pay your electric bills we ran
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a very high quality steakhouse. fares were cancelled vacationers stayed away not even the local berlin customers were there to get them through lockdown and then yaps had an idea corona compliant cooking life at the customer's home today their catering a birthday party. that's in the family trying to tie it off really looking forward to it and now it's almost ready it's a nice event at home and during the pandemic if you don't get out much then. so this is just great and so. looking forward to this all day. the smell of the cooking food is like a calling card and it's attracting some interested neighbors to potential customers for the cooking duo. to be different i think it's a great idea. especially v's days when restaurants are suffering so much it's
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really sad that berlin's color and variety are fading so rapidly cute. the wind is forcing them to improvise right now instead of heated plates the food is being served on heated platters a measure to help prevented getting cold sweet potato soup beef steaks chicken and even salmon something for everyone the family's happy. it takes them excellent my perfect present was delicious. it was very very yummy seasoned perfectly and beautifully presented they take all the pots and pans with them so there's nothing to clean up the perfect aspect. of the keytar vo cost the family around $250.00 euros this father son team might not be striking it rich but at least they'll survive the coronavirus financially. and before we let you go it is christmas and the coronavirus pandemic couldn't stop one
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cherished tradition at the new york stock exchange keeping social distancing protocol traders got together for their annual rendition of wait til the sun shines nelly a song 1st song on the trading floor during the great depression and tells of hope and better times ahead quite fitting for this year's christmas for sure from me and the entire business team here in berlin at the heart of us. thought. the. crowd was. right.
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oh africa. 2 environmentalist jeffrey has made up his mind. to kill any more. visits rural areas every week for the conservation donna initiative and sensitizes the residents of the protection of the
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forest. what secrets lie behind. discover new adventures in 360. 6 more fascinating world heritage sites. w world heritage $360.00 get out now. hello everybody and welcome to equal africa i am sundered to no deal coming to you from kampala uganda it is good to have you with us again as always we have lots of reports from europe on africa things that people are doing to address environmental
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issues and we'll call the micro presenter in nigeria very sandra.

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