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PBS
Jan 31, 2011 6:00pm PST
america. >>how the economic powerhouses of india and china are driving growth from the middle east to the fareast. >>asia is of course more than china, japan and india when you think of asia, also think indonesia and asean >>and with unrest spreading in the arab world... we look at possible solutions to the current crisis. >>it is very important to recognise that the growing potential unemployment in the region is something that is going to come home to roost. >>hello and welcome. i'm eckart sager and this is world business, your weekly insight into the global business trends shaping our lives. this week we are coming to you from the world economic forum atdavos where despite a back drop of economic uncertainty - felt especially by european participants - the overall feeling was upbeat. >>reporter: with developments in tunisia and egypt casting a long shadow... 2,500 leaders arrived at this year'sworld economic forum in davos facing the realities of a global power shift. emerging markets are driving global growth, while the eurozone is struggling. >>roubini: specifically the eurozo
PBS
Feb 7, 2011 6:00pm PST
volkswagen brand cars. most of the jobs will be in china, according to one magazine. marketing staff will also be hired. it wants to surpassed toyota as the world's biggest automotive group within seven years. germany's leading solar energy business, solar world, has announced record sales of 1.3 billion euros for 2010. that is a 3% rise on the previous year. the increase comes in -- from a boom in solar power in germany and rising demand from abroad. the company makes solar panels and silicon wafers. it is optimistic for 2011 as well. and more international news from brian. >> a real blow to the world coming carnival season. preparations for rio de janeiro's carnival season are in chaos after a fire swept through a complex. it broke out in the early morning and it took a number of hours for emergency crews to get it under control. three of the biggest samba groups have lost thousands of concert -- costumes they have been working on for a year. carnival celebrations start march 4 and draw thousands of tourists to the city. the 41st alpine world championships have opened in southern german
PBS
Jan 17, 2011 6:00pm PST
games and is an economic powerhouse, so why does china still receive millions in foreign aid? >>i'm not saying this is a taboo question but it's a question that for the time being our leadership, let's say, has decided not to take an aggressive stand. >>hello and welcome. i'm raya abirached and this is world business, your weekly insight into the global business trends shaping our lives. in the 21st century investors are sizing up africa with some of the same hunger that the colonial traders did in centuries gone by. despite much poverty and badgovernance, there's a burgeoning middle-class which so far is relatively untapped. now the world'sbiggest retailer has gone shopping in the continent's most successful country. >>reporter: walmart has been looking for a route into south africa for some time and now it has made its move. it is buying a 51 percent stake in massmart, one of the country's biggest wholesalers which also owns several store chains including game and builder's warehouse. with 288 stores in 14 other african countries total sales last year were 7 billion dollars. >>hea
PBS
Nov 25, 2010 6:00pm PST
investment with china were more or less one-week lows. products made in china were shipped westward and the money flowed eastward as big european companies outsourced production. all of that is changing quickly and radically. germany's economy is booming, thanks to exports to asia. chinese investors are heading west, looking to buy up continental cos. the massive current account surplus, they are flush with capital. time is snapping up the greek and spanish debt, highways, and industries in eastern and southern europe. >> when the chinese president hu jintao comes to europe, it is normally to talk about money. beijing has a huge trade surplus and debt-laden countries like portugal would like some help. the european debt crisis has created opportunities for china. greece's largest port is now in chinese and. the chinese conglomerate received the contest -- concession to manage the entire terminal. the company is paying 4.3 billion euros for the lease. at the end of 2008, president hu jintao himself came to athens to sign the agreement. the chinese have major plans for the port. they incl
PBS
Mar 21, 2011 6:00pm PDT
. ♪ ♪ >>this week on world business... >>international schools take steps into china. >>it is about being clever enough to see where the opportunity is going to be in the future. >>how access to communications technology has revolutionised life for millions of kenyans. >>mobile phone technology in kenya is well understood, everyone has a mobile phone. >>and a new business funding model giving young entrepreneurs a helping hand in france. >>hello and welcome. i'm raya abirached and this is world business, your weekly insight into the global business trends shaping our lives. the business of international education is worth 45 billion dollars a year and marketers have china firmly in their sights. but not all are focused on attracting"nouveau-riche" chinese students to campuses abroad. some of the most respected english private schools are expanding in the people's republic itself. >>"doe, a deer, a female deer....." >>reporter: quintessentially english, in far flung china - though unlike its four century old namesake for the teenage sons of the world's millionaires and monarchs, harrow int
PBS
Jan 19, 2011 6:00pm PST
>> this is "the journal". >> the u.s. and china pledged to overcome their differences. protests continue over the inclusion of ministers from the former regime in the transitional ever in. >> the german government said the economy is firing on all cylinders. >> as president hu jintao's as it continues, president barack obama has raised some sensitive topics in killing -- including currency and human rights. obama said china's currency is undervalued and should be dictated more by market forces. >>he pressed on the human rights record of china, reaffirming the u.s.'s commitment to supporting hihuman rights. the chinese president admitted his country has a lot to do in that area. the visit has been anticipated as the most significant meeting in recent times. that was reflected by events of the white house on the first full day of his visit. >> hu received a carefully choreographed welcoming ceremony after writing the previous evening. the 21 gun salute and fanfare reserved for state visit. images likely to go down well in beijing. it is a meeting of titans. u.s. president barack o
PBS
Nov 15, 2010 6:00pm PST
schools take steps into china. >>it is about being clever enough to see where the opportunity is going to be in the future. >>the new business of legal outsourcing in india >>it either spells trouble for traditional law firms or it spells opportunity. >>and from the bayou to the boutique, the surprisingly big business in alligator skins. >>we might have to sort through 1000 skins before we can find ten really good ones in the size and grade that they want. >>hello and welcome. i'm raya abirached and this is world business, your weekly insight into the global business trends shaping our lives. the market for international education is worth 45 billion dollars a year and marketers have china firmly in their sights. but not all are focused on attracting "nouveau-riche" chinese students to campuses abroad. some of the most respected english private schools are expanding in the people's republic itself. >>reporter: quintessentially english, in far flung china - though unlike its four century old namesake for the teenage sons of the world's millionaires and monarchs, harrow international sch
PBS
Feb 28, 2011 6:00pm PST
a million dollars. >>why china is a leading light in the field of solar power >>why the wonders of the natural world are such a huge inspiration for scientists. >>we're not going to make super tankers swim like fish. that's not the point. >>hello and welcome. i'm raya abirached and this is world business, your weekly insight into the global business trends shaping our lives. mumbai's property market has staged a dramatic recovery from the global financial crisis in line with the country's economy. the difference between this and previous real estate booms is the size and increasingly elite nature of the new buildings. >>reporter: the real estate business is booming in mumbai, with million dollar plus apartments under construction across the city. >>the biggest symbol of buying power is the new home of india's richest and the world's fourth richest man, mukesh ambani. his palatial tower dominates the skyline of south mumbai. according to reports, it has six floors of parking, a few swimming pools, a ballroom, a cinema and three, yes three, helipads. >>no wonder then india's rich are
PBS
Dec 9, 2010 6:00pm PST
every five cars sold in the world is sold in china. >>> bayer is planning to invest 1 billion euros to increase production of high great plastics at its shanghai plant. -- high-grade plastics at its the shanghai plant. it will relocate their entire polycarbonates unit from germany to china next year. they're used in cars, electronics, and construction. they expect sales in china alone to double in the next five years to 5 billion euros. >>> time to talk about the climate talks in cancun. about word coming from cancun is hardly any progress has been made at this climate change talks on key issues like setting binding targets for the reduction of greenhouse gas emissions. many of the 194 participating states are concentrating on smaller issues like the accord to fight deforestation, supported by the united nations secretary general. it is highly unlikely the delegates will agree on a follow-up to the kyoto protocol, which expires in 2012, and the summit finishes on friday. >>> as norway gets ready to present the nobel prize on friday, the head of the award committee said the choice of th
PBS
Mar 24, 2011 6:00pm PDT
-inch. and this is why in china, where they build a lot of nuclear power stations, we have orders now for 28 nuclear power station valves in china. and they're forged because cast valves, this is for the nuclear field of the reactor. out of the turbine, this is another field where not such high quality requirements are required, and this represents about 70% of the end value of valves for nuclear reactors. and a nuclear reactor needs about 30,000 valves, but the majority is on the non-nuclear part, but as far as investments, the nuclear part is about 70% of the total investment. - and i've heard that the big hadron collider under switzerland and france that is the biggest experimental physics installation in the world, you invented a special valve for absolute cold that helped reduce the size of the whole operation. without your valve, it would have cost three times as much and might never have been built. - no, i wanted to explain to you that i was always interested not only in industrial applications-- because these are industrial valves, going from gas, oil, and petrochemical plant
PBS
Dec 13, 2010 6:00pm PST
markets -- the week began with a new year high. there was the fact that the bank of china did not raise interest rates. some investors feared it would do so, so they are starting anew. 7,045 is where it started out, and then it came back a little bit. car shares were in the lead. there might be record results coming from french carmaker renault. >> the dax managed to finish with gains, 7,029. the euro stoxx 50 was up, and across the atlantic's on wall street, the dow is up, 11,459. and $.3396 is the value of the year wrote to the dollar. -- the euro to the dollar. and environmental action group, greenpeace, built a model of a fishing trawler in front of the eu council in brussels, a protest over fishing. they wanted the european union to reduce fishing quotas by 50% to protect dwindling populations of many species. activists also called for the establishment of more marine natural reserves in e.u. waters. now, it is back over to meggin. >> one of the most famous german organizations is active in almost 100 countries, promoting the german language and also promoting closer cultural ties.
PBS
Nov 29, 2010 6:00pm PST
china democratic party and edited a newsletter called the human rights observer. in 1998, he was convicted of endangering state security and jailed. now 57, he plans to resume publishing his newsletter. we will move on to monica, who has business news stora -- who has business news, starting with the plan to support ireland. >> germany and france declared monday that europe had to rescue ireland and laid the foundation for a permanent debt resolution system. but the measures have so far failed to convince the markets. >> the bailout package for ireland has not calmed nerves on wall street. traders are concerned that brussels is simply not able to stabilize the eurozone. so they are holding back. especially since equity markets in germany were also skeptical. on monday, the dax dropped by over 100 points. and the europe continued to decline against the dollar. at times it reached below $1.31, an eight week low. >> we still have big problems. there is still portugal, and spain could flare up again. we do not have a sustainable response mechanism. >> the e.u. and imf are supporting
PBS
Nov 22, 2010 6:00pm PST
southwestern china, 29 coal miners trapped after an accident have been arrested. state television showed rescuers bringing up the last of the men from the mine. they were trapped on sunday when water suddenly flooded. china is notorious for its poor mining record. last year, 2006 hundred miners died in coal mining accidents. some sports now. jokovich ohas defeated his opponent at the world finals in london. the third seed dominated from start to finish. he benefited from strong serbs. stay with us and i will have more on ireland's problems. coming up in one minute. >> the irish government is in tough negotiations with european and international banks for a massive bailout. the prime minister is responding to calls for him to quit and call new elections by saying there are not necessary and the government will pass its tough austerity budget as planned on december 7. the average crisis began in 2008 when the country's real estate and banking industries began imploding. the country's post houses, 300,000 unoccupied or partially finished homes dot the irish countryside. many fear harder tim
PBS
Nov 10, 2010 6:00pm PST
. captioned by the national captioning institute --www.ncicap.org-- >>> china blasts off. china is rocketing into the 21st century and not just the chinese program has ambitious goals. including building a manned space station and completing an unmanned lunar mission by the end of the decade. but is there an ulterior purpose? does china also have military aspirations in space? we'll ask this expert on chinese military and aero space affairs, dean cheng. captions produced by visual audio captioning www.visualaudiocaptioning.com >> dean cheng, welcome. >> thank you very much. >> how robust are chinese space capabilities? >> china has a space power in the sense that it has both a launcher capacity. it produces its own satellites and it has its own mission control facilities. that puts it into basically one of only three or four countries that can do that. >> would you say it's on a par today with russia? >> in some ways it may actually be ahead of russia. >> really? >> yes, it spends about three times as much in terms of sheer money than the russian space budget item. >> how about the
PBS
Mar 10, 2011 6:00pm PST
in frankfurt ended the day down. china imported less services goods than anyone had anticipated. >> the? -- the daxx is falling. across the atlantic, the dow was experiencing a sharp sell-off on this thursday. on the currency markets, the bureau is turning in a value of 3731. china caught the market by surprise on thursday by reporting a trade deficit in february. the country imported 5.2 billion euros more worth of goods than it exported. it is only china's second deficit in about seven years. the news comes at a time when china has been facing big criticism over its export-led growth policy. the deficit could reduce the pressure put on beijing by some of its main trading partners to allow its currency to appreciate. germany's public-sector workers can look forward to a wage hike after unions and government negotiators agreed on a new contract. some 600,000 state workers will get a 1.5% pay hike beginning april 1. that is no joke, as well as a onetime payment. next year's wages will rise by another 1.9%. public-sector unions had stayed several warning strikes to push home their
PBS
Jan 20, 2011 6:00pm PST
violations in china. hu also spoke with harry reid in what was probably an awkward meeting. >> hu and harry reid smile for the cameras, but the talks were overshadowed by comments made recently about the chinese leader, labeling him a dictator. many u.s. lawmakers vowed to bring up human rights in their talks with the premier, talks that were held behind closed doors. a number of leading u.s. politicians had snubbed the chinese leader in the evening before by declining an invitation to the dollar dinner held in his honor by the first couple. -- the gala dinner held in his honor by the first couple. [applause] he received an enthusiastic welcome when he spoke to members of the u.s.-china business council on thursday. billions of dollars of deals will be struck during the visit. he told his hosts at least some of what they wanted to hear. >> we will continue to intensify policies on reforms and openness in the areas of business, politics, and society. china will improve its social market economy and create a socialist system -- socialist economy based on the rule of law. >> a respec
PBS
Feb 24, 2011 6:00pm PST
player in the world of business. libya's trade volume with china recently jumped 80%. the chinese corporations are involved in numerous major projects from afar is in the streets to oil drilling. the trade volume is an estimated 12 billion euros. now beijing is putting on the brakes and has evacuated more than 30,000 laborers and engineers. angstrussia also had close tieso the dictator. when gadhafi sat down with putin, the main business talk was arms deals. in 2010, gadhafi ordered weapons to the tune of 1.5 billion euro from russia. gadhafi also enjoyed a strong bond with the italian prime minister. italy depends on libya for oil and gas, it was gadhafi's efforts in preventing illegal immigration that secured their relationship. he ran up the security on the border. in 2004, and gerhard schroeder became the first chancellor to visit gadhafi in tripoli. they are on imported energy supplier for germany. they have been an important market for exports for decades. currently, 40 german companies operate in libya with a combined trade volume of 4 billion euros annually. >> when you lo
PBS
Jan 24, 2011 6:00pm PST
has politics stalled progress? >>we're losing the advantage. china's momentum on clean technology is a lot higher than america's right now. >>the crucial role the private sector must play in helping the arab world prosper. >>job creation is a real challenge in the coming years. >>and is the west using the need to control carbon emissions to artificially hold back growth in emerging markets? >>you can't tell me that india should produce less pollution per capita than say singapore, is that a joke. >>hello and welcome. i'm raya abirached and this is world business, your weekly insight into the global business trends shaping our lives. when he came to power, one of barrack obama's hopes was to put federal measures in place to decrease carbon emissions in the united states. it hasn't happened, and given the democrats poor showing in the midterm elections...isn't going to in the near future. and that's got america's cleantech industry worried. >>reporter: in the united states...the sun is still shining...the wind turbines still spinning...but a federal climate bill designed to graduall
PBS
Nov 12, 2010 6:00pm PST
currency manipulation and protectionism. but deep differences between china and the u.s. remain on currencies and trade. the summit produced little substance, the leading economies, including germany, agreed to discuss guidelines to manage trade next year chancellor angela merkel gave her support as well tuesday basil 3 everyman's of banking reform which would tax banks to create a fund for financial bailouts. >> g-20 leaders smiled for the media after lengthy talks some described as having divisions. divisions emerged over the influence of currency exchange rate for international trade. the german chancellor said countries were trying to cooperate but warned that papered over conflict could re- emerge. >> i would like to emphasize that the issue of free trade remains a crucial importance. protectionism could significantly damage lasting worldwide economic growth. >> in the end, leaders could only agree to draw up guidelines to help identify trade imbalance is affecting world growth. but there was no consensus on what to do it countries are found to be benefiting from an artificial
PBS
Dec 10, 2010 6:00pm PST
an empty chair. the chinese dissident remains in prison in china. since liu xiaobo and his family were not allowed to travel to oslo, the norwegian nobel committee said it would keep his award and the prize money in his name. >> norway's king harald and queen song yet arrived at oslo city hall along with the nobel peace prize committee. but with the guest of honor, dissident liu xiaobo, locked up in a chinese prison, this year's nobel peace prize ceremonies centered around an empty chair. >> liu xiaobo has only exercised his civil rights. he is not done anything wrong. he must be released. [applause] >> liu xiaobo's growing international stature continues to split the global community and infuriate beijing. ballenger pressure from china, more than 16 nations boycotted the ceremony. china clamped down on the dissidents arrested -- ahead of the award ceremony. the co-author of news charter 08 demanding political reform in china has been arrested. internet sites reporting on the ceremony have been blocked in china and televised reports have been taken off the air. a norwegian actress
PBS
Dec 27, 2010 6:00pm PST
china tumble today when beijing announced plans to introduce a lottery system for license plates and a plan to cut new-car registrations to more than half. the policy is aimed at reducing traffic congestion in the chinese capital by allowing cars with even or odd number license plates to drive on alternating days. analysts expect smaller automakers to be hit hardest. >> beijing traffic is threatening to grind to a standstill as 2000 cars are put on the city's roads every day. there is frequent gridlock and pollution is getting worse. the government has begun to act by restricting new registrations to half the current level. other large cities to follow suit. it is a worrying development for german car makers who thrive on the china's rapidly expanding car market. volkswagen alone sold nearly 2 million new cars in china between january and november of this year, over a quarter of its global sales. bmw's china's sales topped 153,000. daimler sold 130,000 of its luxury mercedes benz brand this year. german car makers expect the performance to continue next year with volkswagen announcin
PBS
Nov 1, 2010 6:00pm PDT
have been given a boost by increased demand in china and the u.s. they now produce 10% of all new cars in the u.s. and 18% of the vehicles in the chinese market. >> that is your business update. >> japan has summoned the russian ambassador in protest of a visit to the communal islands. the 56 islands have been under russian control since the end of world war ii. but japan claims that these four southernmost islands is its territory. they are strategically important and economically valuable, not least because of mineral deposits and the surrounding fishing grounds. germany has launched a national campaign against discrimination of hiv-positive people in the workplace. 67,000 people in germany are infected with the virus, but many of them say they are all- too-often shunned by their colleagues. >> he is hiv-positive. his best friends have known that for a long time. now the whole country will know. he stars in a new ad campaign. >> i'm curious to see how people will react. in my everyday life, there are people who do not know. why what i tell the bank clerk or the checkout lady at
PBS
Jan 3, 2011 6:00pm PST
demand will strengthen even further this year, especially in china and other emerging economies, and some people say that rising oil prices are also linked to investors' hedging by buying up all of the commodities that date see. natural disasters. a total of 950 natural disasters were recorded, including the earthquake in haiti and floods in pakistan. this made 2010 the second worst year since 1980. the earthquakes in chile and new zealand were the most expensive for the insurance sector, even though they were not the most devastating on the human scale. and something new in germany after high levels of dioxin that can cause cancer were found in animal feed. it was sold for pigs, chickens, and turkey farms. lower saxony has not reacted by closing 1000 farms while tests are carried out -- lower saxony has now reacted. melinda? >> thank you, peter. african leaders have held another round of negotiations for the embattled ivory coast president in effort to persuade him to stand down. on monday, he once again refused to give up power to those who is seen by the international community as
PBS
Jan 13, 2011 6:00pm PST
here in frankfurt know how important china is tou. the chinese pilot a premium cars, andha is the one in which german cat money. the news was positive that volkswagen and nine are for signing lucrative contracts with the chinese were the billions. durindimer chrysler's share gai, long they gain spectacularly in 2010. so there's still a lot of profit-taking going on. german industry garntrenus numbs during nr, one of the issues that held the dax gained in the end. the orders are the profits of tomorrow. that is the saying at the frankfurt stock market. >> we're l vel market indices in frankfurt. the blue-chi index closed about 0.6% higher at 6981. e to was up small. in new york, equity prices are drifting lower on disappointing christmas rais data. the dow industrials are currently down about 0.3%. on to currency markets, the hero is readyr $1.3023. the greek prime minister, george papandreou, is backing the idea of a jointuron at a meeting in paris today, he said that only the issuance of a joint bond could help eupe out of its debt csi e meime, he said the government would still need
PBS
Feb 21, 2011 6:00pm PST
well, and russia and china plan to expand defense spending. >> next month's opening race in bahrain has been cancelled, following the on gone -- ongoing unrest there. one possibility would be to watch the season down under in australia in april. a volcano has erupted in central philippines, forcing hundreds of people to flee their homes. after weeks of inactivity. the army is of forcing a 4 kilometer zone around the volcano and assisting the people who were fleeing. 2000 villagers have moved to emergency shelters. the location has been active since november of last year. again, we want to recap our top story -- the situation in libya. anti-government protests have spread to the capital, tripoli. at least 60 people reported to have been killed in the city, and witnesses said government and state television buildings have been set ablaze. there have also been reports of military airplanes shooting live ammunition at demonstrators. gaddafi's hold on power is seems to be crumbling. as justice minister and diplomats have reportedly resigned. religious leaders called on leaders to protest aga
PBS
Mar 7, 2011 6:00pm PST
9000 aircraft in the next 20 years, representing 1/3 of global growth. airbus expects demand from china to make up the lion's share. airbus will be delivering its first a-380 to china airlines later this year. increasing traffic is causing china to rethink its aviation policy. >> aircraft's can spend a long time waiting to depart chinese airports. delays have become routine. traffic volumes are growing so fast that infrastructure can barely keep pace. 2010 passenger figures were 16% up on 2009, squeezing facilities. beijing is the second busiest in the world and has the world's worst record for delays. chinese aviation authorities are aware of the problem and are responding with an extensive program of construction projects over the coming years. >> china is preparing to build about 56 new airports, relocate over for the existing airports, and renovate and expand more than 90 airports. it involves a total 231 projects with an investment of 50 billion year rose. >> the money is urgently needed. the international civil aviation authority says chinese passenger figures will double in five
PBS
Mar 31, 2011 6:00pm PDT
after they were stuck back together in china. >> when euro coins get too old or damage, they are removed from circulation, broken apart, and sold off as scrap metal, some of them to china. that is where 29 metric tons of one and two your coins were pieced back together and exchanged for 6 million euros at the bundesbank. >> we began our investigation after we received reports of suspected money laundering from certain banks. as part of our investigation, we discovered a flight attendant at the airport who was carrying a very large number of coins in his luggage. >> lufthansa flight attendants appear to have been accomplices in this camp, reimporting the coins to germany. the case is particularly controversy and, since the bundesbank is the body responsible for removing the money from circulation. >> you would think after three years his arms would have been a bit stronger. >> [laughter] police in germany have arrested a man they say was planning a bomb attack outside a soccer stadium. officers say they found and defused three devices at the bundesliga club borussia dortmund. the
PBS
Feb 8, 2011 6:00pm PST
. they also accused some of abuse of power, saying that he used coercion for her release. china is trying to get a grip on their overheat the economy. >> the chinese central bank raised its key interest rate for the second time in a few weeks on tuesday, moving it 25 basis points, up to 3%. beijing hopes the maneuver will help cool the markets and ease inflationary pressures. >> chinese consumers have been getting a taste of inflation recently. for months, prices for food have been climbing steadily, and wages are rising in line to compensate. a major inflationary factor is the rapid gain in raw material prices, which is pushing up production costs, but the economy continues to expand exponentially. in 2010, the country's gross domestic product grew by a stunning 10.3%. at the same time, inflation averaged out at 3.3% for the year, an unemployed was also too low to bring in wage levels. analysts say the chinese central bank will be forced to hike interest rates again, as beijing tries to bring in growth. this could prove difficult for the german export sector. the car industry is o
PBS
Dec 2, 2010 6:00pm PST
, actually. -- okay, stay tuned. >> dear america. >> dear, china. >> dear, germany. >> in der, india. >> please. >> please. >> please. >> please. >> please. >> please free the world from -- >> welcome back. german automobile makers have long feared that sales would continue to slump but now it looks like 2010 will turn out to be a record year instead. at home, turnover remains sluggish but outside the country demand for german models is soaring. >> these buyers or are a bonanza for german car makers, especially luxury brands like bmw and audi. four out of five luxury cars purchased in china are produced by germany. diamler sauce sales go up 2 1/2%. -- saw sales go up 2.5%. they expect an increase in exports to the far east. >> it is clear that five or six years ago, china was an emerging market. now this is one of the most important automobile markets and the world and we're pleased that the german car industry accounts for 1/5 of the vehicles sold there. >> some analysts contend that german car makers are focusing too much on china and neglecting the european market. >> german autom
PBS
Feb 23, 2011 12:00am PST
know a western song in china, they know take me home, country roads. >> take me home, country roads actually was started by bill danoff and his wife taffy. and one night after john had performed, we got together with bill and taffy and a group of musicians, and bill had started take me home, country roads. and they proceeded to play all night, and they came up with this song. >> ♪ almost heaven, ♪ west virginia, ♪ blue ridge mountains, ♪ shenandoah river. ♪ life is old there, ♪ older than the trees, ♪ younger than the mountains ♪ growing like a breeze. ♪ country roads, ♪ take me home ♪ to the place ♪ i belong. ♪ west virginia, ♪ mountain mama, ♪ take me home. >> take me home, country roads is a classic sing-along song. it's an audience song. it just fits into that great sort of tradition of a song that everybody sings, and everybody wants to sing. you don't have to be the greatest singer in the world. you could just sing that melody, just pour your heart into it. >> ♪ dark and dusty ♪ painted on the sky, ♪ misty taste of moonshine, ♪ teardrops i
PBS
Dec 30, 2010 6:00pm PST
china's one child policy has created a population that is aging dramatically. angela merkel has criticized the latest jail sentence for former russian oil tycoon mikhail khodorkovsky. it appeared political motivations had played a role in the trial, she said. with his current sentence from an earlier conviction due to run out next year, mikhail khodorkovsky is said to remain behind bars until 2017. the judge said the defendant was a criminal. needed to be isolated from society. he was once the richest man in russia and an opponent of the kremlin. earlier, he was found guilty of embezzling billions of dollars of oil from his own conglomerate. the ruling was criticized by washington as selective justice. mikhail khodorkovsky and his supporters maintained the case against him was politically motivated. i spoke to our correspondent in moscow and began asking him of this trial was a sham. >> i am not a lawyer and i have not followed every twist and turn of the case. i think almost everyone, even inside russia, would agree this was a politically motivated trial. it is a different ques
PBS
Mar 28, 2011 6:00pm PDT
ocean makes it an ideal transport hub for trade with india & china. >>anderson: kenya has made its economy grow in the last ten years by being a regional hub. if you buy petrol or manufactured goods in southern sudan, in uganda, in rwanda, in burundi even in congo, those goods almost certainly came in through kenya. so the kenyan economy is benefiting enormously from this en troupeau status. >>reporter: the development plans include a deep-water port and oil refinery on pate island, just north of lamu,together with a military port and complete infrastructure network in northern kenya, including new airports, towns, railways and roads. it's a project that many believe is vital to kenya's economic future. >>onditi: the level of investment that are going to be there is going to be very huge and if you look in termsof employment, it will be a huge employment that is going to be created. and those one who want to carry the offshore manufacturing, so that they can easily get access to the east african community market, they will be able to put up their packaging and finishing products, m
PBS
Feb 14, 2011 6:00pm PST
role of the kazakhstan economy is to be a services economy to the giants of russia and china. like canadians do it to united states or austria to germany. we understand our role and our niches in those market. >>reporter: it's this understanding that has kazakhstan now gearing up for its next bid: the winter olympics. >>rogge: i think that kazakhstan has very good assets to organise eventually the games in 2022. you have a very good infrastructure, you have the geography. you have snow and ice, you are very experienced people, you have great champions, so all the conditions are met. >>reporter: of course it is not easy to win the bid to host the olympics, there's likely to be competition from other emerging economies as they realise it's more than just a game of sport. >>kazakhstan's hosting of the games is part of a wider trend, with many prestigious sports events now moving to emerging markets. i sat down with the president of the olympic council of asia, sheikh ahmad al-fahad al- sabah, and asked him what that means for kazakhstan. >>al-fahad al sabah: all those underdevelopment
PBS
Jan 12, 2011 6:00pm PST
prompted china and south korea to halt imports of pork and egg products from germany. china has been importing german port since july 2010 -- pork since july 2010. china is a lucrative markets 3 dead more is concerned -- a lucrative market. >> russian officials say the plane carrying polish leader lech kaczynski crashed last year because of wording in the flights would have endured the president. his brother has condemned that report as it opened with a joke against:." -- as a joke against poland. >> russian investigators say the polish crew was responsible for the disaster. but the air force commander -- >> the air force commander put psychological pressure on the pilots to continue their dissents. yet -- descent. >> the plane crashed on april 10 of last year. it was a national tragedy that occurred against the backdrop of growing tensions with moscow were sell -- moscow. but the findings are speculation. there is no proof of the pilots were put under pressure. the president said that the report put a mockery to poland. >> the german cabinet has approved the deployment of 5000
PBS
Mar 8, 2011 6:00pm PST
boosted by the recovery of the u.s. car market and continued demand by china. they remain cautiously optimistic about the rest of the year because of rising commodities prices and the general uncertainty on the financial markets. >> let's check in on tuesday's market action, starting off in frankfurt. they just managed tubino calledn to the slight gains of the day. -- they just managed to hold on to the slight gains of the day. in the last hour of trading, the dow is up to 12 belsen to madrid and 30 points. the euro is trading -- 12,000 two hundred 30 points. the euro is trading lower against the dollar. the recovery will continue and it will become more broadbased. that was at the last formal appearance has president. he will present the 2010 results. the man once touted as the next head of the european central bank finally shed some light on his plans for the future. >> and president presented the central bank's annual results for the last time on tuesday. they were not as good as they have been in the past. in the late 1990's, the bank posted profits of up to 12.4 billion euros. t
PBS
Mar 23, 2011 6:00pm PDT
resolution. germany abstained, along with china and russia. since then, the german government has been at pains to persuade the international community that berlin is really for the measure. >> the majority of security council members voted for the resolution and so i made it clear that that makes it our resolution as well. and that we also want to see it implemented successfully. >> but there was criticism of the government's hesitance on the issue. even from within merkel's conservative party. >> it would have been better for us to have stood behind our nato partners. then there would have been no doubt about our position, and we still would not have had to have gotten involved militarily. >> the german foreign minister said the a reaction by calling for an embargo on oil to counterclaims that germany was in diplomatic isolation. >> as far as the military operation is concerned, we are not alone in maintaining a skeptical stance. either on an international level, nor within europe. >> but many observers disagree. some say germany's wavering on the issue could damage the country's rep
PBS
Jan 10, 2011 6:00pm PST
in high demand. the u.s. trade a lot with china, the biggest export market for german car makers. german cars have a good image, especially luxury models. sales of pickups, vans, and suvs, are rising fast. the sharp drop in exports in 2009 has been recouped. more than four 0.2 million cars were sold -- 4.2 million german cars were sold abroad in 2010. that is expected to grow in 2011. but in germany, it is a different story. during the economic crisis, the government set up a cash for clunkers scheme to boost sales. now the government bonus is gone, and domestic demand has dropped. it is the same story across europe, but industry analysts say demand will rise again in 2011. car companies have come up with new and improved models to stimulate interest. for instance come levin new audi -- for instance, the new audi a6. the industry expects record profits again. the question is, how long will that continue? german firms are investing in new technology, but their main focus is on standard engines. at the moment, the money is to be made in high-powered, bay doors power, a luxury cars.
PBS
Nov 11, 2010 6:00pm PST
emerged between the united states in big exporting nations like china and germany. both countries have criticized the federal reserve's latest round of monetary stimulus and rejected washington's proposal that excessive trade surpluses should be kept. some observers have warned this could turn out to be an acrimonious summit. >> the german chancellor had a small victory to celebrate right from the start of the g-20 summit. the group agreed that it would not seek to limit excess of trade imbalances, which the u.s. had lobbied for. >> i made it clear that it is very important to us and we have received a lot of support on this that we have free global trade without protectionism. because that way, a lot of jobs can be traded in germany and other countries. >> other disagreements await u.s. president barack obama at the summit. many g-20 members are not happy that the u.s. is again pumping money into the market through a renewed policy of quantitative easing. here, too, the greatest opposition comes from chancellor merkel, which she repeated in a one-on-one discussion with barack obama. i
PBS
Mar 17, 2011 6:00pm PDT
china, germany, and israel to at least temporarily rethink their policies on atomic power. the u.n.'s atomic watch dog dispatched its director to japan as a senior official described the situation at fukushima as relatively stable. >> and to talk more about the events happening at the fukushima power plant, i'm joined in the studio now by our science correspondent, derek williams. thanks as always for being with us, derek. can you explain for us what has been done on thursday at the plant to cool down these reactors? >> well, on thursday, really a lot of what happened revolved around these pools that are inside of the secondary structure of the building where they store dispensed fuel rods. that at the moment seems to be one of the biggest dangers of a massive radioactive leak. until now, people have been worried about the reactors themselves and breaching the containment chamber and possible meltdown and explosion and now they have got it to an extent under control. we haven't heard anything in that direction in the last 24 hours or so. now people are focused on the spent fuel rods a
PBS
Oct 29, 2010 6:00pm PDT
people thronged to the event. >> china has been very active, and there have been 17 million visitors and expo. >> 240 countries put their products and inventions on display. this is a larger than life chair lift, to showcase a mode of transportation some see as a way to get around future megacities. >> this is really amazing. you get a great view of the ground from the left. >> from the outside, the german pavilion is futuristic. organizers say people spent on average about an hour inside. from the inside, it is traditional, yet filled with state of the art environmental technology. the construction cost german tax payers and record 50 million euros, an investment that government and businesses hope will pay off in the long run. the expo closes sunday, but not before another flood of visitors arrive. >>> in germany, the sister party of chancellor angela merkel's cdu is holding a conference in munich. after decades of dominance, csu has lost its absolute majority in bavaria and is forced to share power with the free democrats. there also facing questions about their leadership. >> a solid
PBS
Jan 18, 2011 6:00pm PST
reasons. traders are worried about the long-term future of apple. shares are currently down 2%. china continues to expand its global, financial, and economic influence. they lend more money to developing nations over the last few years than the world bank. china led the equivalent of 82 billion euros to emerging countries. in return, beijing returns a guarantee on soyoil supplies. here they come. watch out. >> as the fallout from the contaminated feed scandal in germany continues to grow, the agriculture minister has plans that he says will improve food safety. working in cooperation with the 16 state agriculture ministers, it will increase penalties for companies that do not comply with regulations. >> a rubber chicken. to these protesters it is about as palatable as the contaminated eggs and poultry discovered in the dioxin scandal. consumers were warned to stay away from german meat products. agriculture protection ministers held crisis talks on tuesday, where they dropped an action plan to improve food safety. >> the goal is to have the highest safety and control standards in euro
PBS
Jan 7, 2011 6:00pm PST
in china consider that he is already been tapped as beijing's next premier. his visit to germany with a large delegation has presented an opportunity for germany's export-oriented businesses to expand in the chinese market. china also stands to gain from new partnerships. >> we have very close economic ties. step by step, these are characterized not just by german firms in china but also chinese firms moving into germany. >> german and chinese firms have reportedly signed deals worth 9 million euros during the visit. relations were soured by beijing balking over its natural resource exports. the german industry is critical of issues like market access and intellectual property in china. >> china has good legislation in place to protect intellectual property rights. it is not implemented equally across all regions of the country. we have to work more on this aspect. >> he has signaled that moves will be taken to apply china's intellectual property laws more effectively. >> we spoke with our colleague of the chinese radio service. with china taking a keen interest in europe, we ask
PBS
Jan 28, 2011 6:00pm PST
cents12. china says it will help boost global consumption of goods by doubling imports over the next five years. major industrialized nations, such as the united states, have urged china to help rebalance the global economy by boosting domestic consumption and cutting its reliance on exports. the pledge to increase imports was made by chinese commerce minister and the world economic forum in davos, and also said chinese companies would be encouraged to expand abroad. that is your look at business. >> thank you for that. the suicide bombing at a supermarket and the afghan capital kabul has killed at least nine people. the blast tore through a supermarket near the british embassies in the center of the cities. three foreigners were among the dead. two insurgent groups of claimed responsibility for the attack. observers say violence in afghanistan is at its worst levels since the overthrow and taliban in 2001. the german parliament has voted to extend the mandate for the bundeswehr commission in afghanistan until february 2012. it also approved a conditional withdrawal of the first of i
PBS
Nov 23, 2010 6:00pm PST
china, to develop a measured and unified response to north korea's artillery attack on south korean territory. >> this amateur video shows yeonpyeong island after the north korean artillery attack. the images show plumes of smoke over the island, dozens of houses were set ablaze. without warning, a garage of shells stricken are the base as well as residential areas. people ran to seek shelter in bunkers. yeonpyeong lies close to the disputed maritime border between north and south korea. it has been a frequent sight of naval skirmishes. people in south korea expressed concern about the threat of an escalating conflict. >> i think there will be war with the north. i live near the north, so i felt threatened. >> i do not think there will be full-scale war. the government should take stronger measures. >> after a security meeting, the south korean president was quoted as ordering stern retaliation should the north korean attacks continue. but he also called on officials to prevent the situation from escalating further. the exchange has alarmed countries in the region, notably china, wh
PBS
Mar 9, 2011 6:00pm PST
. >> she is in china and complaints about intellectual property? even the most polite chinese have trouble concealing. >> rhetorical lives are often out on ash wednesday. thursday they will return to their more measured debate style. >> space shuttle discovery is officially out of service. it landed on wednesday, wrapping up its last mission after 20 years. the remaining two shuttles will soon also be shelved. back after one minute. >> welcome back, everyone. how do attract tourists? especially when your country is in the middle of the revolution? that is what several north africans are talking about. that is what everyone is talking about this week in berlin. do people stay away? local economies face economic ruin it they do. they are offering drastic price reductions to win back customers. we decided to go to the airport and ask vacationers where they are going and why they decided for or against these destinations. >> to be booked egypt, now we have booked again. >> all of the of people is just a matter of time. i would go there. >> i would not do it. there is not enough of an i
PBS
Dec 20, 2010 6:00pm PST
% back in july, and consumer spending as sharply down. this christmas shopping season. china posing next five-year plan goes into effect in just a few days. despite being the factory for much of the world, china remains a land with a plan centrally controlled communist economy. the goals have been set for this transformation of the world's second-largest economy, and we have this report. >> china's latest five-year plan sees the nation being transformed from a land that she but inefficient factories into a manufacturer of sophisticated environmental technology. five-year plans are the keystone of china's planned economy, and this one takes effect next year. one of the most important parts is to drastically reduce the amount of carbon dioxide emissions. to do that, china has earmarked 50 billion euros a year for environmental protection. another 22 billion0 enrollee will be devoted to research and development in fields such as information technology, material sciences, and biotechnology. china also plans measures to crack up domestic demand as it tries to reduce reliance on exports.
PBS
Oct 25, 2010 6:00pm PDT
expecting double rate growth rates with the man in emerging economies in places like china and india. plastics consumption is forecast to double in the next five years from 20 kilograms to 36 kilograms per person annually. good news for manufacturers, but not such good news for planet earth. here is a look at a new film that aims to teach us about the dangers plastics pose for our world. >> plastic is certainly useful stuff. verset tile, resilience, it is almost impossible to imagine a new life without it. this film maker has just made a documentary called "plastic planet," examined the influence of the plastics industry on our lives and even on the way we think. them that if we buy a drink in the supermarket, they only want us to think about the drink itself, not about the fact that we are actually buying a plastic bottle and certainly not about what might be in that plastic and what might come out of it. >> what is in the plastic and might come out of it includes chemicals suspected of causing damage to human cells. scientists have detected components from plastics even in the bodi
PBS
Dec 16, 2010 6:00pm PST
economies. >> to china and india are taking steps to strengthen their trade ties. went about signed a series of agreements on -- wen jiabao signed a series of agreements on thursday. trade between the two nations is about half of that amount right now. the two leaders signed agreements on green technologies and cultural exchanges in delhi. the cost of air frate leaving germany went down, and now those prices are climbing again. simliailiar price hikes were greater to ship to japan and china. one of germany's biggest tax evasion cases has come to a close. proceedings against two banks based in lichtenstein were suspended. >> this man is the most prominent tax evader in the case. he is the former ceo of deutsch of poste. he received a two-year suspended sentence and had to pay a 1 million euro fine. his money was tucked away in liechtenstein. prosecutors have been working on the case since last year. now the banks have reached a settlement along with bank employees. have to pay an average of 15,000 euros in fines. the deal is a victory for the german government who collects a fine sto -
PBS
Oct 26, 2010 6:00pm PDT
anniversary of china's entry into the korean war in support of the north. kim jong il is 69 years old and reportedly in good health. north korean officials have confirmed earlier this month that his youngest son is likely to succeed him as leader. water at the three gorges dam in china has reached the maximum level of 100 centimeters for the first time since the world's largest hydropower project began operating in a dozen a. it is now capable of generating as much as 85 billion kilowatt hours of power annually. chase officials are calling it a milestone. but exports of warned that the high water level could increase the risk of landslides and even earthquakes. some sports now. european soccer's governing body has called for proof of delegations of corruption in awarding the bureau 2012 to poland and ukraine. it former soccer officials claimed that officials took bribes before the year was it reworded to those countries. the investigation will only be launched if proof is provided. >> in april 2007, the president made the sensational announcement, awarding the year of 2012 championship to
PBS
Feb 18, 2011 6:00pm PST
china, the government again took measures against an overheating of the economy and against inflation. which means that german car makers must prepare for less in new orders from china. >> that was from a frankfurt, where we can stay for a closer look at the market numbers. germany's blue-chip dax finished 0.3% higher going into the weekend, 7426. the euro stoxx 50 index of leading eurozone blue chips added a couple points, finishing at 3058. on wall street, the dow jones average up by 0.4%, 12,369. currency markets, the year of trading at a value of $1.3686. the reuters news agency said it has received confirmation from two auto industry insiders that german carmaker volkswagen and a russian group has agreed on a joint venture to produce 300,000 cars per year in russia. while both firms have yet to confirm the deal, volkswagen did an ounce late last year that was in advanced talks with the russians. the joint venture will reportedly make a range of volkswagen brands, including the jetta and other models. industry analysts predict rapid growth in the russian markets and expe
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