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zone you say the german just shouldn't bother risking the euro why. you know i'm not saying that at all i'm saying that germany cannot afford to pay for the eurozone but what germany has a duty to do to itself as well does to europe is to help but he designed the architecture of the euro so that the german treasury does not have to pay for it let me give you a very simple example as we speak up to three trillion euros is sitting idly in bank accounts of the continent not being invested in productive activity so it is not a question of whether germany should pay it's a question of whether we as europeans together and he designed the rules of the eurozone game in such a way as to enable money which is already there savings that have not been invested excess savings to be invested in order to produce think i'm struggling europe that will pay for that recovery which we need in order to be able to avoid situations like with that which we have now we need really well human to human to these these savings. to see that from a german perspective many much of t
zone you say the german just shouldn't bother risking the euro why. you know i'm not saying that at all i'm saying that germany cannot afford to pay for the eurozone but what germany has a duty to do to itself as well does to europe is to help but he designed the architecture of the euro so that the german treasury does not have to pay for it let me give you a very simple example as we speak up to three trillion euros is sitting idly in bank accounts of the continent not being invested in...
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says it is two thirty billion euros a month program by the end of this year and leave interest rates unchanged probably through summer twenty nineteen. to hand over one billion euros to german authorities for the emissions cheating scandal is the worst for you. largest carmaker. and with the world cup just hours away we'll take a look at the rising prices for travel and accommodation in russia. it's time for business on d.w. and how you know to get us into the program we'd start with the decision of the european central bank that has just announced to leave the key interest rate for the euro zone unchanged it will keep rates on historic lows of zero percent at least through next summer but it has also have it spawned buying program and said it will end it altogether in december after the financial crisis the e.c.v. had started to buy eurozone members government bonds to the tune of thirty billion euros per month to stimulate growth since twenty five and fifteen month after month the e.c.v. has spent a total of two point four trillion euros on the program with the bond purchases that
says it is two thirty billion euros a month program by the end of this year and leave interest rates unchanged probably through summer twenty nineteen. to hand over one billion euros to german authorities for the emissions cheating scandal is the worst for you. largest carmaker. and with the world cup just hours away we'll take a look at the rising prices for travel and accommodation in russia. it's time for business on d.w. and how you know to get us into the program we'd start with the...
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for the entire euro zone. earlier i talked to our financial correspondent john l. duma loughnane frankfurt with the era of cheap money coming to a close in the eurozone i asked her how it's going down in the markets. well the markets are actually reacting pretty positively although it has to be said that the end of crisis era stimulus was something that was expected now european stocks went up on the reason on this news it appears that the markets quite liked this middle ground between an aggressive and accommodating stance that the e.c.b. has fallen by saying for example it will wrap up bond buying by the end of the year while signaling interest rates will stay at a historic low for probably longer than projected now the e.c.v. already also indicated that the door was open to future intervention as it said in the wording of the. it was and dissipated that the tapering would have been after september and. moves would be subject to incoming data incoming data of course that could be affected by any of the chall
for the entire euro zone. earlier i talked to our financial correspondent john l. duma loughnane frankfurt with the era of cheap money coming to a close in the eurozone i asked her how it's going down in the markets. well the markets are actually reacting pretty positively although it has to be said that the end of crisis era stimulus was something that was expected now european stocks went up on the reason on this news it appears that the markets quite liked this middle ground between an...
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what eighteen trillion dollars and now we're talking for tariffs of about two point eight billion euros but still if you look at companies like harley davidson or levis both of those companies they achieve about a fifth of their revenue in europe or so that is going to hurt but the big question for sure is how will the u.s. report respond on those tariffs so will they actually beef up the terror of someone other could take over is as well so that's probably going to be the big question looking ahead and we understand attention now the shot in the trade war about to be fired off on friday night tell us more about that. well it's pretty likely that u.s. president donald trump will announce a new tariffs on chinese imports the talk is that about eight hundred to nine hundred different products out of china could be affected we do not have a dollar value and actually those eight nine hundred products could be a good news because originally there was talk that there could be tariffs out of china of four in the amount of about one thousand three hundred products but to a certain degree also w
what eighteen trillion dollars and now we're talking for tariffs of about two point eight billion euros but still if you look at companies like harley davidson or levis both of those companies they achieve about a fifth of their revenue in europe or so that is going to hurt but the big question for sure is how will the u.s. report respond on those tariffs so will they actually beef up the terror of someone other could take over is as well so that's probably going to be the big question looking...
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products to the tune of two point eight billion euros the measure still need to be adopted by the european commission next week and the terrace with then come into force by late june or early july and we can bring in our financial correspondent yens quote is standing by for us at the new york stock exchange jens house the nice gone down in the u.s. . well it is going to hurt certain industries but overall we're talking about an economy the size of about what eighteen trillion dollars and now we're talking tariffs of about two point eight billion euros but still if you look at companies like harley davidson or levis both of those companies they achieve a fifth of their revenue in europe or so that is going to hurt but the big question for sure is how will the u.s. report respond on those tariffs so will they actually beef up terror of some another could take a reason as well so that's probably going to be the big question looking ahead and yes we understand attention now the shot in the trade war about to be fired off on friday night tell us more about that. well it's pretty likely that u.s
products to the tune of two point eight billion euros the measure still need to be adopted by the european commission next week and the terrace with then come into force by late june or early july and we can bring in our financial correspondent yens quote is standing by for us at the new york stock exchange jens house the nice gone down in the u.s. . well it is going to hurt certain industries but overall we're talking about an economy the size of about what eighteen trillion dollars and now...
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eighty in germany i think they retail for two euro's fifty to three euros. the two million euros in development day money isn't supporting local production but the import of european goods the stealing of him of an investment club is that the goal of the fantasy company our investment group is for us to attract the attention of other international companies who might like to sell their frozen products through us and use our warehouses and distribution chains. fatai longs kit or notes and it is this is not local development aid it doesn't support the economy in the individual country it supports businesses in germany or in europe its aid for foreign trade and. i think development aid money is there to fight poverty strengthen state structures and support health care and education but the reality is that more and more supporting foreign trade. european development banks invest in private companies to improve living conditions especially in remote rural areas for example in zambia one of the world's poorest countries people here have an average life expectancy
eighty in germany i think they retail for two euro's fifty to three euros. the two million euros in development day money isn't supporting local production but the import of european goods the stealing of him of an investment club is that the goal of the fantasy company our investment group is for us to attract the attention of other international companies who might like to sell their frozen products through us and use our warehouses and distribution chains. fatai longs kit or notes and it is...
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Jun 19, 2018
06/18
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in 2017 growth in euro area turned out stronger than we had anticipated. the annual growth rate in the fourth quarter was the fastest for a decade by 2018 growth has moderated, and so far has come in below our expectations in the latest euro projections, growth for to 18 has been revised down by 0.3 percentage points this has prompted some questions about the sustainability of the ongoing expansion, which is unusual at such an early stage of the cycle in historical terms, the current growth period is comparatively short in length and small in size since 1975 there have been five growth phases in the euro area the average duration from trough to peak is 31 quarters, with gdp increasing by 21% over that period the current expansion has to date lasted just 20 quarters and gdp is less than 10% above the trough to determine whether the moderation has any bearing on medium-term growth, we need to distinguish between the underlying drivers in part the moderation is related to supply side factors some of these are temporary in nature and have already subsided such
in 2017 growth in euro area turned out stronger than we had anticipated. the annual growth rate in the fourth quarter was the fastest for a decade by 2018 growth has moderated, and so far has come in below our expectations in the latest euro projections, growth for to 18 has been revised down by 0.3 percentage points this has prompted some questions about the sustainability of the ongoing expansion, which is unusual at such an early stage of the cycle in historical terms, the current growth...
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plus bailout exit euro group ministers meet in luxembourg today to discuss the future of greece as a third aid package comes to an end is athens ready to go it alone. is the w. business i'm good how the office in berlin welcome trump's cold trade war is spreading turkey is joining the chorus of countries denouncing the u.s. as tariffs on steel and. is taking action starting today turkey is imposing levies on twenty different u.s. products ranging from coal paper and tobacco to cars and manufacturing goods total value authoritarians are worth around two hundred thirteen million euros and turkey's economy minister says they should balance out the costs of the trumps ministrations. that brings turkey in line with other nations including india which also hit the u.s. with tariffs on agricultural goods e.u. member states will follow suit tomorrow when duty is worth some three billion euros into effect but the e.u. is offering an olive branch to the u.s. the blocks trade commissioner cecilia monstrance says the european union is ready to engage with the u.s. to solve the trade row between
plus bailout exit euro group ministers meet in luxembourg today to discuss the future of greece as a third aid package comes to an end is athens ready to go it alone. is the w. business i'm good how the office in berlin welcome trump's cold trade war is spreading turkey is joining the chorus of countries denouncing the u.s. as tariffs on steel and. is taking action starting today turkey is imposing levies on twenty different u.s. products ranging from coal paper and tobacco to cars and...
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had one billion euro the european and the chairman bundesbank and lend one billion euro to the southern parts of europe we would never see this money again and this is on top of the government debts and shell money so we definitely determinant stage of this whole thing but he only talking about letting them off the hook or also kicking them out of the euro zone we will see several currencies again do you repeat the euro will fail we are under brink of the call ups and this will be like a. next two to five years but if you look back in history repeating currency units current currency you're in sorry never it they never grew up because it's it's madness to put weak economies like creased italy france with strong economies like show me austria in one interest core set in one europe currency union i'm afraid and thank you very much for coming in today thank you for having me well the u.s. government continues to review its trade relations with the world but china and the european union have reiterated their opposition to washington's protection a stance and their own commitments to the exi
had one billion euro the european and the chairman bundesbank and lend one billion euro to the southern parts of europe we would never see this money again and this is on top of the government debts and shell money so we definitely determinant stage of this whole thing but he only talking about letting them off the hook or also kicking them out of the euro zone we will see several currencies again do you repeat the euro will fail we are under brink of the call ups and this will be like a. next...
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Jun 29, 2018
06/18
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take a look at the euro. if i can take one asset to show the news flow overnight, it would have to be the euro-dollar. you can also look at the euro against the pound, against the yen, it is up against all commerce. this is a three-day chart. it was the optimism out of the european summit, it went until 4:30 in the morning, but came to a deal that boosted the euro. we are seeing it come down a , maybe as concerns arise about angela merkel bringing that deal to berlin. let's get bloomberg first word news from juliette saly. juliette: italy's new prime minister has negotiated a package of measures at the eu summit to stem the flow of migrants into europe and spread the burden of handling arrivals. during talks in brussels that continued be on 4:30 this morning, member states agreed to increase border security, set up holding centers, and speed up the processing of applicants. leaders also agreed a key italian demand to overhaul rules for disturbing -- distributing why grants when a gateway country is overwhelme
take a look at the euro. if i can take one asset to show the news flow overnight, it would have to be the euro-dollar. you can also look at the euro against the pound, against the yen, it is up against all commerce. this is a three-day chart. it was the optimism out of the european summit, it went until 4:30 in the morning, but came to a deal that boosted the euro. we are seeing it come down a , maybe as concerns arise about angela merkel bringing that deal to berlin. let's get bloomberg first...
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Jun 14, 2018
06/18
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BLOOMBERG
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long euro, short bunds. what is it now?ink about the european situation, it is much more complicated given how big the bond program has been versus the size of the market. they have swamped the market with their liquidity, so any changes going forward will be reflected in the some of these markets. what is happening is very interesting to see that global growth is turning a bit in europe, and the numbers have gotten softer at the same time we have got an announcement. as far as the market concern going forward, i think you will see widening as far as credit --eads across the good news i guess is they kept the rate hike pushed off, which should keep conditions, at least from a rate standpoint, fairly benign for quite a while. do they have a concern over the rate of growth in europe? mark: the numbers are turning over from a very highpoint. we had that big boost last year across the global economies. and so, a little bit of softening here given the rhetoric on trade. given the fact you have some real issues popping up in the
long euro, short bunds. what is it now?ink about the european situation, it is much more complicated given how big the bond program has been versus the size of the market. they have swamped the market with their liquidity, so any changes going forward will be reflected in the some of these markets. what is happening is very interesting to see that global growth is turning a bit in europe, and the numbers have gotten softer at the same time we have got an announcement. as far as the market...
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folks are now has agreed to pay a one billion euro fine as a direct consequence of the diesel gate's the comic or accepted an order by german prosecutors which saves the company a battle in the courts the emissions trading scandal has already caused v.w. a total of more than twenty five billion euros many in fines to u.s. authorities. v.w. is reeling after being slapped with another billion euros in penalties on top of that the company must pay in the u.s. as a result of the emissions cheating scandal around eleven million vehicles worldwide were involved. it would not appeal today's decision saying in a statement. by doing so admits its responsibility for the diesel crisis and considers this further may just step towards the latter being overcome. lower saxony state attorney says the fine must be paid within six weeks the decision doesn't affect the civil suits against the carmaker including those brought by people who purchased the company's cars the criminal investigations into forty nine people connected with the scandal continue in the city of pounds five. turkish president dres
folks are now has agreed to pay a one billion euro fine as a direct consequence of the diesel gate's the comic or accepted an order by german prosecutors which saves the company a battle in the courts the emissions trading scandal has already caused v.w. a total of more than twenty five billion euros many in fines to u.s. authorities. v.w. is reeling after being slapped with another billion euros in penalties on top of that the company must pay in the u.s. as a result of the emissions cheating...
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had started to buy euro zone's members government bonds to the tune of thirty billion euros per month to stimulate growth now since twenty fifteen month after month the e.c.b. has continuously spent money to a total of two point four trillion euros on the program with the bond purchases that eusebius balance sheet has no swollen to over eleven trillion euros that's about forty percent of economic output for the entire euro zone soon after the decision was announced e.c.b. president mario draghi detailed the strategy the bank will follow as it runs down the bond program. we will continue to make ned purchase and the a p p that the current monthly piece of thirty billion euro until the end of september two thousand and eighteen. we anticipate that after september two thousand and eighteen subject to being coming data confirming our medium term inflation outlook we will reduce the monthly piece of the medicine purchases to fifty million euros until the end of december two thousand and eighteen and then and purchase. to double your financial correspondent genelle them allowing is that rec
had started to buy euro zone's members government bonds to the tune of thirty billion euros per month to stimulate growth now since twenty fifteen month after month the e.c.b. has continuously spent money to a total of two point four trillion euros on the program with the bond purchases that eusebius balance sheet has no swollen to over eleven trillion euros that's about forty percent of economic output for the entire euro zone soon after the decision was announced e.c.b. president mario draghi...
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have agreed to invest millions in the euro zone however the eurozone but it will be a bit smaller than what micron wants as perm the coast wishes. she meant to get it's totally pragmatic what budget do we have today in the eurozone none what do we have to moral a euro zone budget. at maze of a palace france and germany agreed to a reform package which they discussed in the evening with european commission president jiang claudio they're hoping to push through those reforms at the next e.u. summit at the end of june. all right for more on that new chapter i'm joined by our political correspondent so i mean young he has been at that meeting just outside of berlin maser baron good evening to you so ivan we know that the german chancellor angela merkel she needs results on migration quickly and she could use a political wife wine from mr mccraw what did she get today. well she certainly got a certain amount of support no. obstacles placed in a way by president marc wrong he signed up as far as the migration issue is concerned to that object of a european solution of finding common asylum r
have agreed to invest millions in the euro zone however the eurozone but it will be a bit smaller than what micron wants as perm the coast wishes. she meant to get it's totally pragmatic what budget do we have today in the eurozone none what do we have to moral a euro zone budget. at maze of a palace france and germany agreed to a reform package which they discussed in the evening with european commission president jiang claudio they're hoping to push through those reforms at the next e.u....
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every year in the spanish town three hundred twenty five million euros changes. in the us it's quick and easy money. the goods trucks from morocco. when it's the mafia. losing to the police then the company. names on g.w. . you their hands off. more and more people are falling under the spell of colorful slime millions of videos prove you can do that on television. we decided to investigate this mysterious phenomenon and born afraid to get a little goodie. your rollbacks. global inequality. in a global connected well. when different. disadvantages. can. come to the media. join the discussion and have. a media forum twenty eighteen playing. what does a football loving country need to reach its goals. we'll tell you german soccer made it back to the top. in our website. dot com. football made in germany. a low and welcome to focus on europe coming to you from our studios and ball my name's bryan thomas and we begin this week in spain where police on the country's southern maritime border say they're stretched to the limit in their escalating battle with drug traffi
every year in the spanish town three hundred twenty five million euros changes. in the us it's quick and easy money. the goods trucks from morocco. when it's the mafia. losing to the police then the company. names on g.w. . you their hands off. more and more people are falling under the spell of colorful slime millions of videos prove you can do that on television. we decided to investigate this mysterious phenomenon and born afraid to get a little goodie. your rollbacks. global inequality. in...
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Jun 22, 2018
06/18
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BLOOMBERG
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could we see a euro squeeze if the data is stronger than anticipated? mark: it would have to be very strong to get the euro to squeeze on the back of that, particularly after yesterday, when these italian people were talking about their anti-european views on that. of euro is getting a little the balance today because some of the asian currencies are doing better, but the outlook is still pretty dodgy for the area. it would need very strong pmi numbers to help it there. it also got a boost from the greece deal, they got a longer-term debt arrangement in place but the immediate term for theis still cloudy euro, particularly with u.s. rates likely to go higher again. aboutet's talk a little what is happening with the chinese currency. there seems to be debate among your team as to whether or not ghe chinese currency is headin for some more trouble or whether or not actually, as your namesake mark cudmore says, there is still strength there. where do you sit? we are looking at it from different angles. mr. cudmore is looking at it on a basket basis, but i
could we see a euro squeeze if the data is stronger than anticipated? mark: it would have to be very strong to get the euro to squeeze on the back of that, particularly after yesterday, when these italian people were talking about their anti-european views on that. of euro is getting a little the balance today because some of the asian currencies are doing better, but the outlook is still pretty dodgy for the area. it would need very strong pmi numbers to help it there. it also got a boost from...
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so-called islamic states the cement company denies part of the charges but they could face a multi million euro fine. also coming up amazon is recruiting entrepreneurs to go the last mile delivering packages for the company and. football's costly world cup ever russia puts an astronomical builder host the event is it worth it. i'm daniel winter and this is your business update and the most serious allegations against a french company in many years cement supplier the father has been charged with complicity in crimes against humanity according to one of the plaintiffs it's the first time any parent company in the world has received the charge it comes after investigations into their business practices in war torn syria. la farge is charged with paying almost thirteen million euros to jihad is including the so-called islamic state to keep a factory open in war torn syria a plant in july continued running long after other french companies have pulled out of the country investigators say the payments were considered a tax in exchange for which militants allowed free movement of the company's staff
so-called islamic states the cement company denies part of the charges but they could face a multi million euro fine. also coming up amazon is recruiting entrepreneurs to go the last mile delivering packages for the company and. football's costly world cup ever russia puts an astronomical builder host the event is it worth it. i'm daniel winter and this is your business update and the most serious allegations against a french company in many years cement supplier the father has been charged...
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british exports to europe are worth about one hundred eighty eight billion euros. so it's hardly surprising that companies a nervous breaks in negotiation period is more than half way through and businesses still don't know exactly what conditions they should be preparing themselves for their demands for answers throw louder by the day. but as you just heard there there's still no clear policy stance on bragg's it in london even after parliament there wants to have the last word or breaks it but while the brits are moving out the irish are cozying up to the e.u. and its biggest power in an exclusive interview now the w.'s kate brady spoke with irish foreign minister simon company. do you think that island has the ability to replace the u.k. in that gap that's going to be left behind after tax it no i don't think we can ever replace the u.k. i mean the you know i've said that brags it really is a lose lose lose for everybody i think i think britain's place in the world will be weakened both politically and economically by their decision to leave the european union b
british exports to europe are worth about one hundred eighty eight billion euros. so it's hardly surprising that companies a nervous breaks in negotiation period is more than half way through and businesses still don't know exactly what conditions they should be preparing themselves for their demands for answers throw louder by the day. but as you just heard there there's still no clear policy stance on bragg's it in london even after parliament there wants to have the last word or breaks it...
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for the entire euro zone. the last several years have been expensive for the eurozone since march twenty fifth e.c.b. has acquired government and corporate bonds with a total value of around two point four trillion euros that poured lots of low interest capital into the euro countries the bonds were intended to fuel inflation at present the e.c.b. is pumping thirty billion euros per month into the market we anticipate that after september two thousand and eighteen subject to being coming data confirming our medium term inflation outlook we will reduce the monthly piece of the net dasa purchases to fifteen billion euros until the end of december two thousand and eighteen and then and net purchases. but the central bankers have left a back door open if conditions change they might reconsider their decision there was still no good news for savers in the euro zone key interest rates are expected to remain at their historic low levels until at least summer twenty nineteen. well they are sorry now for an update on a
for the entire euro zone. the last several years have been expensive for the eurozone since march twenty fifth e.c.b. has acquired government and corporate bonds with a total value of around two point four trillion euros that poured lots of low interest capital into the euro countries the bonds were intended to fuel inflation at present the e.c.b. is pumping thirty billion euros per month into the market we anticipate that after september two thousand and eighteen subject to being coming data...
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had started sabai euro zone members government bonds to the tune of thirty billion euros per months to stimulate growth since twenty fifteen months of the month the e.c.b. has spent a total of two point four trillion euros on that program with the bond purchases the e.c.b. his balance sheet has now swollen to over eleven trillion euros that's about forty percent of economic output for the entire eurozone now let's go straight to general john allen who's joining us from frankfurt and we can already see in the background there what it has done that decision is done to the dots it was quite a blockbuster a statement by the e.c.b. run us through it what does it mean and did especially that statement about how living bond purchases starting in october that was the v. that was the buster statement as he put it but in general this was what the market roughly expected in terms of the future of asset purchases and the interest rate so really what we're seeing here is the gradual easing of crisis era fame and that's interesting because it's a signal from the e.c.b. that it believes it and the re
had started sabai euro zone members government bonds to the tune of thirty billion euros per months to stimulate growth since twenty fifteen months of the month the e.c.b. has spent a total of two point four trillion euros on that program with the bond purchases the e.c.b. his balance sheet has now swollen to over eleven trillion euros that's about forty percent of economic output for the entire eurozone now let's go straight to general john allen who's joining us from frankfurt and we can...
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Jun 14, 2018
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the euro sliding ahead of today. a forecast that the euro thed climb 7% to 1.26 by end of the year.f the more hawkish forecasters change their stance in the wake of today, what some are saying, is dovish news. the 10 year yield is seeing a .assive decline ahead of the announcement, the yield was rising, now it is down by five basis points ahead of the announcement. we had a number of banks -- such asthat jpmorgan suggesting you should go short on longer data german bunds. deutsche bank suggested selling the front-end of the yield curve. this is possibly going to change their assessment of the european bond market. as we are seeing the yield on the german ten-year, down by five basis points. just getting away from the ecb because it is not just about the ecb today, although clearly that is the big macro story. a big gainer on the stoxx 600, up by 11% now. forsoftware maker reporting your earnings since the withetion of the deal schneider electric to combine its industrial software business given the joint -- business, giving the joint company more have to compete. aviva up by 11% in
the euro sliding ahead of today. a forecast that the euro thed climb 7% to 1.26 by end of the year.f the more hawkish forecasters change their stance in the wake of today, what some are saying, is dovish news. the 10 year yield is seeing a .assive decline ahead of the announcement, the yield was rising, now it is down by five basis points ahead of the announcement. we had a number of banks -- such asthat jpmorgan suggesting you should go short on longer data german bunds. deutsche bank...
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between twenty five and seventy five euros. company has taken another major step towards the planned acquisition of us agricultural giant monsanto the u.s. department of justice approved the approximately fifty six billion euro deal on condition that buyer divest about nine billion dollars of its agriculture businesses the deal would make buyer the world's supplier of seeds and protection products. shareholders may be excited about the deal but the merger isn't going down mental activists. management has come to an agreement with its workers council over restructuring plans for the automakers german factories the number of job cuts will be capped at less than four thousand and on a voluntary basis. fifteen thousand. protection from layoffs until twenty twenty three and return employees agreed to defer a negotiated pay hikes the carmaker has been in the red for the past twenty years. the e.u. parliament has approved a labor reforms designed to protect posted workers the revised rules are designed to keep workers coming from othe
between twenty five and seventy five euros. company has taken another major step towards the planned acquisition of us agricultural giant monsanto the u.s. department of justice approved the approximately fifty six billion euro deal on condition that buyer divest about nine billion dollars of its agriculture businesses the deal would make buyer the world's supplier of seeds and protection products. shareholders may be excited about the deal but the merger isn't going down mental activists....
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also on the show euro group ministers meeting in luxembourg today to discuss the future of greece as a third aid package comes to an end in august we asked is athens ready to go it alone. and german luxury carmaker issues a profit warning putting the blame on trade tensions between the u.s. and the rest of the world. welcome to do business on the drums america first policy was intended to in his words make america great again but it's also increasingly needing america's going it alone when it comes to world trade strums first salvo in the trade conflict was a twenty five percent tariff on steel and imports it in if it's to protect u.s. manufacturers but that angered many of america's traditional allies like canada. and the e.u. as well as other trading partners they respond with their own retaliatory tariffs on a bevy of american products china also became a target of trans economic sanctions aimed at protecting the u.s. from beijing's unfair business practices with china responding in kind to that means that the world's top four economies are all affected by new barriers to free tra
also on the show euro group ministers meeting in luxembourg today to discuss the future of greece as a third aid package comes to an end in august we asked is athens ready to go it alone. and german luxury carmaker issues a profit warning putting the blame on trade tensions between the u.s. and the rest of the world. welcome to do business on the drums america first policy was intended to in his words make america great again but it's also increasingly needing america's going it alone when it...
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only men do get it out of the east courts tournament for around one hundred eighty thousand euros in prize money at. the u.s. market research company super data says the gaming industry had worldwide turnover of seventy three billion euros in two thousand and sixteen. but the industry is interested in female gamers as customers which is one reason the sector is starting to shift focus. for instance two raters lara croft has changed during her twenty year career from a mere busty warrior to a fully realized adventurous woman more and more games are creating multifaceted characters like a lawyer the hero from horizon zero dawn. max storm x. from the three d. adventure game life is strange. perhaps these advances are a consequence of gamer gate issues have been hotly debated under this hash tag for years one provocative question how six is the gaming industry and must to change. the game design department at the college of technology and economics in berlin is to get more women into the industry. talk to the fact is that women play games therefore women can also make games and they shou
only men do get it out of the east courts tournament for around one hundred eighty thousand euros in prize money at. the u.s. market research company super data says the gaming industry had worldwide turnover of seventy three billion euros in two thousand and sixteen. but the industry is interested in female gamers as customers which is one reason the sector is starting to shift focus. for instance two raters lara croft has changed during her twenty year career from a mere busty warrior to a...
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Jun 19, 2018
06/18
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we talk about europe and the euro.o trade policy, there should be a common trait policy but everyone tries to get an advantage. i think germany clearly has a strong interest in allying with china because they have a huge amount of trade going on, but they don't want to lose their u.s. export market. a lot of it in between a rock and a hard place. they can play strategically and squeeze in or they can be crushed between the stronger sides. max, 2017 was about buying the euro. 2018 feels like a very different place. why as a non-eurozone investor what i buy eurozone assets right now? max: it is different from an fx perspective. i was buying europe because i thought there was going to be more integration, less political expectationis the of the ecb raising rates at one point, very not so shallow exit from qe, all of these aspects are really off the table right now, so we are not really talking about integration anymore, a very aggressive exit from qe. there is not really much of a basis for non--- for non-euro investors.
we talk about europe and the euro.o trade policy, there should be a common trait policy but everyone tries to get an advantage. i think germany clearly has a strong interest in allying with china because they have a huge amount of trade going on, but they don't want to lose their u.s. export market. a lot of it in between a rock and a hard place. they can play strategically and squeeze in or they can be crushed between the stronger sides. max, 2017 was about buying the euro. 2018 feels like a...
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minister just become take up his cabinet to finally sworn in the country's new government mocked at the euro skeptic outlook we'll bring you the latest from iraq also on the program the instability in spain that key members of the e.u. lawmakers removed prime minister mariano rajoy in a no confidence vote triggered by a corruption scandal in his conservative party socialist had zero sanches is said to be the new mom in charge. on the german people feared being eaten by think cats two lions two tigers in the reporting two of escape from assuming western germany news for us reports that is there to tell us what happens next. and welcome to the program. the european union has seen a day of challenges euro skeptic government taking charge in italy political instability in spain and later in today's business update we'll look at the opening salvos of a trade war between the e.u. the united states well started as a lever which and now has a new government three months after elections the president has sworn in prime minister just because he's cabinet after a turbulent week of political drama and f
minister just become take up his cabinet to finally sworn in the country's new government mocked at the euro skeptic outlook we'll bring you the latest from iraq also on the program the instability in spain that key members of the e.u. lawmakers removed prime minister mariano rajoy in a no confidence vote triggered by a corruption scandal in his conservative party socialist had zero sanches is said to be the new mom in charge. on the german people feared being eaten by think cats two lions two...
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Jun 24, 2018
06/18
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this year the uffizi has more than doubled its entry fee from 8 euros to 20 euros, if you go in high which is obviously a lot of money and frankly more than i could afford. if you bring your family here on holiday you will find your budget depleting quickly. there's a 38 euro combined ticket, which gets you into a variety of museums and art galleries. and also a 50 euro annual subscription. for comparison, the equivalent ticket at the louvre in paris and at madrid's prado museum is 15 euros. at london's national gallery, admission is free. so much impressions. we see art from 400 years, i think. so i am very impressed. and the price, 20 euros? a little too high, i say. the art was pretty amazing but at the same time i think it should be more inclusive, because that's what art is about. but if you're unable or unwilling to cough up, you will not completely miss out. there are incredible buildings and statues around every corner. ciao! francesca tells me she thinks the city is one big open—air gallery. so, tell me about david. he was made by michelangelo when he was just 26 years old.
this year the uffizi has more than doubled its entry fee from 8 euros to 20 euros, if you go in high which is obviously a lot of money and frankly more than i could afford. if you bring your family here on holiday you will find your budget depleting quickly. there's a 38 euro combined ticket, which gets you into a variety of museums and art galleries. and also a 50 euro annual subscription. for comparison, the equivalent ticket at the louvre in paris and at madrid's prado museum is 15 euros. at...
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fifty thousand euros it's a very solid vehicle. porsche has launched the first plug in hybrid edition of the guy again the regular engine is five kilowatts more output than the previous model taking it to two hundred fifty and the one hundred kilowatts from the electric motor means forty three percent more power than the predecessor together assumptions three hundred forty kilowatts and germany the new cars cars almost ninety thousand euros. b.m.w. m presents another exclusive and limited edition model in the shape of a new three c.m.'s cutting edge and twin powered turbo technology enables the four door performance to dan to sprint from zero to one hundred and just three point nine seconds us continuing the decades long tradition of mean machines from b.m.w. m division. but in the car world right now but larger models in particular are not very environmentally friendly due to their higher weight and poor aerodynamics to insure the g.o.p. also keeps pace with future emissions standards proceedings has given it an electric motor to
fifty thousand euros it's a very solid vehicle. porsche has launched the first plug in hybrid edition of the guy again the regular engine is five kilowatts more output than the previous model taking it to two hundred fifty and the one hundred kilowatts from the electric motor means forty three percent more power than the predecessor together assumptions three hundred forty kilowatts and germany the new cars cars almost ninety thousand euros. b.m.w. m presents another exclusive and limited...
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earmarks nine point two billion euros to. funded new digital drive to boost the block's competitiveness but it is is it too little too late. come to d.w. business i'm get out of the turkish central bank has raised interest rates to seventeen point seven five percent that provoked the shaab jump in the value of the turkish currency and comes less than three weeks ahead of the country's presidential and parliamentary elections the interest rate hike of over one percentage point has been widely expected inflation has hit a six month high last month president reza tired at a one announced his intention to exert more control over economic policy if he wins the elections that driven that's driven losses in the lira and put pressure on the turkish central bank to raise rates well today's meeting of the turkish central bank comes only two weeks after an emergency interest rate hike a clear indication that these are difficult economic times every number of foreign investors are pulling their capital out of the countries since the begi
earmarks nine point two billion euros to. funded new digital drive to boost the block's competitiveness but it is is it too little too late. come to d.w. business i'm get out of the turkish central bank has raised interest rates to seventeen point seven five percent that provoked the shaab jump in the value of the turkish currency and comes less than three weeks ahead of the country's presidential and parliamentary elections the interest rate hike of over one percentage point has been widely...
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their business practices in war torn syria lafarge is charged with paying almost thirteen million euros to jihadists including the so-called islamic state to keep a factory open in war torn syria a plan to continued running long after other french companies had pulled out of the country investigators say the payments were considered a tax in exchange for which militants allowed free movement of the company's staff and goods inside the war zone the company's complicity in the terror group's activities were uncovered by human rights groups. the only company to remain in the region to spite the region being controlled by the us far she didn't take necessary measures to protect the safety of the employees of a syrian subsidiary people were abducted there were kidnappings there were murders also law forces suspected of having financed the i.a.s. and thus a terrorist enterprise. according to paris ordered la farge to hand over thirty million euros as a security deposit ahead of the trial it has charged eight former executives with financing a terrorist group and endangering the lives of other
their business practices in war torn syria lafarge is charged with paying almost thirteen million euros to jihadists including the so-called islamic state to keep a factory open in war torn syria a plan to continued running long after other french companies had pulled out of the country investigators say the payments were considered a tax in exchange for which militants allowed free movement of the company's staff and goods inside the war zone the company's complicity in the terror group's...
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eighty in germany i think they retail for two euro's fifty two three euros but. the two million euros in development day money isn't supporting local production but the import of european goods the steel for him of a new investment will be the goal of the fantasy company our investment group is for us to attract the attention of other international companies who might like to sell their frozen products through us and use our warehouses and distribution chains. fatah along. than it is this is not a local development aid he doesn't support the economy in the individual country he supports businesses in germany or in europe its aid for foreign trade and. i think development aid money is there to fight poverty strengthen state structures and support health care and education but the reality is that more and more supporting foreign trade. european development banks invest expectancy of just fifty two in the northeast of the country a huge oil palm plantation has been set up it measures twenty thousand hectares in total and also features a mill to obtain oil from the f
eighty in germany i think they retail for two euro's fifty two three euros but. the two million euros in development day money isn't supporting local production but the import of european goods the steel for him of a new investment will be the goal of the fantasy company our investment group is for us to attract the attention of other international companies who might like to sell their frozen products through us and use our warehouses and distribution chains. fatah along. than it is this is...
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Jun 1, 2018
06/18
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matt: does the euro get price down, as well?the ecb have to actually extend quantitative easing ?ecause of this especially odd at a time when inflation is finally getting up to target and both -- growth is fairly stable. seema: when it comes to the ecb, they are not going to react specifically to italy and if we do have some kind of external n the ecbcertainty, the is only going to be routing to the economics. if inflation is picking up, they are on par to finish tapering by the end of the year. when it comes to the euro, forecasts will be changing the next couple of weeks. the short positions for the dollar were unraveling and at some point, the euro would start strengthening. even what we have seen, it may mean that euro weakness continues a bit longer. matt: thanks very much for your time. it is great to get your input. seema shah is global investment strategist at principal global investors. let's get to juliette saly with your business flash. juliette: deutsche bank's credit rating has been cut by s&p global rating stood tr
matt: does the euro get price down, as well?the ecb have to actually extend quantitative easing ?ecause of this especially odd at a time when inflation is finally getting up to target and both -- growth is fairly stable. seema: when it comes to the ecb, they are not going to react specifically to italy and if we do have some kind of external n the ecbcertainty, the is only going to be routing to the economics. if inflation is picking up, they are on par to finish tapering by the end of the...
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in one case in twenty sixteen one point three billion euros disappeared without a trace from banks in moldavia hundreds of thousands of people lost their money triggering massive protests in the capital kishi no. bank was named as the culprit . they just send it into the bank. for maybe a couple of dollars maybe a day and then send it farther margret it spreads around the world the one point three billion euros has yet to be tracked down the line in government is now amending its legislation in an effort to challenge money laundering among the country's banks and the new generation of bankers also seems eager to end the criminal practice of the banks had. about thirty thousand customers in the span of one and a hook here which for a total customer base of their own two million two point two million is a lot a.b.l. the bank has since been banned from trading in the euro or dollars owns latvia's banking regulator recently approved its liquidation. french cement supply has been challenged with complicity crimes against humanity as well as financing terrorism as after investigations into
in one case in twenty sixteen one point three billion euros disappeared without a trace from banks in moldavia hundreds of thousands of people lost their money triggering massive protests in the capital kishi no. bank was named as the culprit . they just send it into the bank. for maybe a couple of dollars maybe a day and then send it farther margret it spreads around the world the one point three billion euros has yet to be tracked down the line in government is now amending its legislation in...
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euro. what unites. what defines. the moment trojan horse. what binds the continent to outright answers and stories of climate change. spotlight on people going to a few and. entered the conflict zone the fight against newsweek you mean some of the former israeli prime minister and who is a whole much she wanted an invasion of gaza in two thousand and eight what do you suppose about the recent violence along. the border under fast funny israeli prime minister who went to jail for corruption how is it that he has no regrets. with different languages we fight but. that's. giving freedom. global news that matters w made for mines. a school exercise book filled with stories of war atrocities written by brave people who want justice. and then she this picture was taken in banking in the us and it's in an exercise book why don't cite england who were abused in range of women and girls who gave birth to one wanted children. feel would winning documentary starting june fourteenth on d w. alone a very warm welcome indeed to focus on europe with me pie
euro. what unites. what defines. the moment trojan horse. what binds the continent to outright answers and stories of climate change. spotlight on people going to a few and. entered the conflict zone the fight against newsweek you mean some of the former israeli prime minister and who is a whole much she wanted an invasion of gaza in two thousand and eight what do you suppose about the recent violence along. the border under fast funny israeli prime minister who went to jail for corruption how...