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tv   Business - News  Deutsche Welle  December 30, 2020 7:15am-7:31am CET

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done didn't consider retiring a bonus but i've got i think i'll continue to work until i die as long as i don't get too much rheumatism and can still walk and think then i'll carry on i can't imagine my life any other way i have everything a man could want. he had cut down once said his favorite item of clothing is one he creates for a life that does not yet exist the world of tomorrow. so your news for now i'm terry martin thanks for watching business is next with what we get. the story of produce and propaganda. they were called the rhineland bastards born after the 1st world war. their mothers were germans living in the occupied drawing land their fathers were soldiers from the french colony you
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see. these awful german children had a hard time because they were reminder of the german defeat and. exclusion and culminated in forced sterilization under the nazis. this documentary examines the few traces that remain of their existence. the children change. storage january 11th on d.w. . it's a deal 7 years in the making today could be the day the e.u. and china announce a breakthrough for their massive investment pact we tried to get some details from a china analyst in singapore also coming up thinking of switching a copper to something more profitable chinese farmers all. branching out to make
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a pickup truck and it's only go. without a very warm welcome to do that we have business and want to get jones and berlin good to have you with us the european union and china are on the brink of a historic deal regulating foreign direct investment or f.t. i mean the 2 major economic blocs a 7 years in the making the deal is aimed at allowing e.u. firms 3 to compete on a level playing field in china after years of struggling with protectionist and discriminatory behavior especially by local and licensing authorities the deal will also allow chinese companies more access to markets where they have been shot out of strategic sectors like energy and that's because the e.u. fear that china could use such access to steal intellectual property as part of the deal china has also agreed to adopt higher labor and environmental standards the e.u. says the talks have concluded at a technical level and they'll be more details available at an e.u.
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china leaders' meeting scheduled for later today a more let's bring in our china analyst fraser howie of who is joining us in singapore if i'm not mistaken good to have you with us let's start very briefly with that meeting later today can we expect an announcement will the deal be announced today. i think it will be announced that the all the science. stories are. well. so what do we know about it already i believe there was a press briefing yesterday but in terms of the detail certainly with a level playing field what do we know. well that's right it's certainly something that as you say this is a landmark china it's been a long time and there's just been this completely arbitrary self that goes that life because of the german presidency that expires today so there was a rush to get it but this year the details are still pretty lacking all the things
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strange and level playing field more equal access china's access to the markets labor rights all of those things are certainly going to be covered but sadly feel the timing is right bad and much of that will be quite vague and terms it's been very clear the direction of travel the chinese take it over the last number of years and i don't think this deal is ultimately going to prove that that bad about it will be beneficial or you'll be business will be done but ultimately holding china at time will be much much tougher because of this deal so you just say i mean that this deal is somewhat rushed in the details if we can call those details a very way they can it's all because of the ending germany you counsel presidency why was it that important then for germany to get this deal done. well i also i would say indeed it was a really good moment because you seem to feel text i'm sure this will be a large saltsman with lots of details come at me just on top of the moment i think
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obviously germany has a lot of explorers going to china china is a very important market for many german companies and so there certainly be not a rushed as of the how this is i trying jewel if you like off the. americans translation and china german business relations so i think that's why you know or isn't it as i say i think the timing has become very bad for this given china's recent track record and so while i fully i'm for engagement with china trading with china i think the timing of this deal is very bad it sends a very wrong message politically especially with the new by and by it coming into the i said just a few weeks right right i mean and as you mentioned that i mean we know that in turn yourself a business relations china is already the e.u. is a biggest trading partner and with this deal do you saying there's the danger that the e.u. will sort of shift even further towards asia and away from the u.s. well i think yes and quickly yes because the growth is in asia so therefore you're
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going to do more trade with a condom use that are those growing faster growing economies are unusual but i think there's been a very clear lesson this year and that is i will still use being treated by china i are economic depends on china comes cost and i think it would be far better for the democracy of the world to unite and our common and unified position on dealing with china and response to economic really and i think the e.u. has missed an opportunity to work with its allies here to get a better longer term deal with china it's somewhat rushed this deal to get the deal done but ultimately i think the timing is baidoa in some ways that tension is a good one right trace to how we there with very mixed feelings about the upcoming china investment deal thank you so much thank very much. cannabis used to have a bad rap s. and illegal narcotics but recently its reputation has been revived and a growing number of countries are legalizing the drug for recreation on medicinal
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use the same goes for china where cannabis derives products are becoming popular while the state is granting licenses to pharmacy. joe chung young lives in a village in china's southwestern new non province he's among the 1st crop of the country's new cannabis farmers. i planted 20 had tears in the 1st year but we gradually expanded today i plant 40 had parents of cannabis it brings in a lot more money than other crops. farmers business is entirely legal as long as he uses the seeds he receives from the government which contain very little of the psychoactive substances t.h.c. and he may only sell it to a licensed company michael huang has invested in this type of business he's one of china's cannabis pioneers. people still can see their canopies is
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i'm a truck industry so you know my family and those legal in here and it's only some priests do not get involved with chuck business. michael huang's business is fully supervised by narcotics regulators he supplies the seeds to the farmers and buys their crops then he extracts the khanabad dial from the plants we had for his factory but while we're on our way the police sent him a message he's not allowed to bring foreigners to his factory so far china and our governments do you want to want this in the tree to grow slowly and don't get too much attention from around the world i think. that is the one. there is a police station right at the entrance of his factory. the officers monitor how much raw material has factory receives and how much can a big dial extract leaves. extract in canada dial is the trickiest step in the
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production chain and small amounts of t.h.c. build up the police have installed cameras on the planet to ensure that the t.h.c. is destroyed. i will regulate your body in the sense that i'm the stand the function of canopies and we also want to support the industry so at you until we get this simple why shorey procedure i mean why we have a really good relationship. michael who mainly produces for export but chinese consumers are starting to discover cannabidiol products one she cosmetics is one of the firms entering the market they produce skin creams lotions and facial masks which contain the anti inflammatory and soothing and radiate. and after a brief look at some of the other business stories making news. spanish prime minister pedro sanchez says gross domestic product likely fell by over 10 percent this year due to the pandemic saying we are all 10 percent poorer than last year
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but he ruled out another increase in the minimum wage. beijing wants to shrink jack miles a financial empire and take a larger stake in it that's according to the wall street journal china is also dialing up regulatory pressure forcing mass payments venture and group to comply with banking regulations instead of being treated like a tax. a major explosion in beirut top last summer destroyed large parts of the city at least 190 people died and more than 6 and a half 1000 were injured it was a disaster waiting to happen corrupt officials have allowed highly poisonous liquids to be stored in rusty containers a hobble for decades now the chemicals to be removed with the help of a german company there's a surprise in each and every container some of them have been stored at beirut harbor for as long as 20 years there's no paperwork and no one knows who they belong to let alone what's inside the contents or dripping out forming noxious
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puddles the german company combi lift is now working to clean up the harbors toxic legacy. list very very important for us that we have an overview of all and to make test of the different kind of substances because it's not completely labeled everything so if you mix some things in there could be that with a blast so fewer can hydrochloric acid acetone and now banned pesticide that's a bromide are just some of the chemicals they found there the p. rude port authority wants to get rid of the containers as quickly as possible but it's not easy. to structurally they cannot sustain a lot inside the containers and the containers falling apart we cannot leave that we cannot transport them all in all there are. containers here in a cordoned off area of the port. the dangerous liquids are pumped into special tanks which are then shipped to germany for recycling.
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it's a costly process which the lebanese port can't afford but an association of lebanese and german businessmen brokered a deal. that i had to squeeze through. $3000000.00 euro and subsidy which is was city born $6000000.00 this was the lowest we could do. the insistence of mr butts. casey who is the president of the so-called authority board. he said look i got a 4 and a door 1000000 come the left is paying the initial costs itself while the port
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authority tries to secure a grant from the european union to stump up the remaining one point $6000000.00 but to rid the port of dangerous and destructive chemicals it's a price worth paying. was new year's eve approaching pandemic really folks are treating themselves to a bit of luxury to celebrate anyone for white havea austin fish farmers are expecting big sales of precious white caviar from the rowdiness sturgeon retail remains a strong even though many restaurants are shot each fishville just 600 grams and are worth $8000.00 euros 3 times the price of black caviar that is the world's most expensive food the worldwide yield is just 415 tons. to each their own that's a business update for me in the team thanks for watching. in
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a globalized world. where everything is connected. all it takes is a school. to set things in motion. local hero show called their ideas can change the world.
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global 3000. the next song d w. happiness is for everyone schumann penises are very different from primates you know we have a totally ridiculous size view of nature david and this is climate change crisis sex how freeness improve books you get smarter for free to double your books on. welcome to global 3000. in colombia the indigenous me sank people have set up a school to protect their traditions and then natural environment. in india a village community plans $111.00 trees whenever a baby girl is born
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a custom that benefit society and the planet. but 1st to new zealand where sheep farmer.

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