tv Business - News Deutsche Welle September 30, 2017 1:15pm-1:31pm CEST
because one thing is clear the loser in this darby is in for a bumpy ride in the coming weeks. and here's a reminder of the top story we're following for you growing tensions between the u.s. and north korea is at the top of the agenda in meetings between u.s. secretary of state rex tillerson and chinese officials the u.s. views china as crucial to attempts to stop north korea developing nuclear weapons. you know up to date on date of you coming to you line from berlin more at the top of the hour we'll be right back thanks for watching. program guide. highlights. the home. dot com highlights. when i'm traveling to be comfortable.
but i also want to stay up to date on the latest news and events. and e.w. makes that part of travelling. because it's available and thousands of hotels resorts cruise ships worldwide. have you found no sign send us a picture that shows d w in your room you could win a great prize d.w. dot com travel quiz. europe is soon to have a new giant in the train building business germany's siemens agreed tuesday to merge israel operations with french train maker alstom german i.c.e. and french t.g.v. high speed trains will then come from
a single manufacturer the move was prompted by increasing pressure from chinese competition. sidhu the chinese group c r c c is today bigger than alstom and kind of combined. pushing it up the next step. is in all likelihood continental europe where it could rely on a purchase of a european manufacturer. the chinese rival is already the world's leading maker of train engines the combined siemens and alstom group will speed into second place. as the nature of the lead to a more balanced killers footprint for instance also from a strong enough for the. the middle and south america as humans as. well as the china europe and the united states the portfolio. excellent match. german labor union see the move as an opportunity while their french counterparts fear job
losses the merger is still subject to approval from the trust authorities. the results of last sunday's general election in germany have shocked many business leaders a strong showing by the far right party means forming a coalition government among the other parties will be difficult. once its guns and chide and what's important for us irrespective of the party politics along its side is that it doesn't take too long to conclude the coalition talks. the talks will be difficult but they have to agree on a forward looking program of. germany's industrial lobby group is hoping for advantage as the political cards are reshuffled it is now calling for a massive three hundred billion euro investment program to help boost the economy germany's chambers of commerce and industry are making similar demands. of.
the business community is sending its own kind of coalition agreement for investments with three priorities investment in education and a modern infrastructure and in scope for entrepreneurial activity. another important focus is continuity which is why many business leaders wanted to see chancellor angela merkel with a fourth term in office executive say her experience and pragmatic approach to governing could help germany and the european union move forward in the years to come. tens of thousands of demonstrators took to the streets of paris. to protest against sweeping labor market reforms launched by the french government but president mccall still hopes his vision for europe will appeal to the majority among his proposals harmonizing taxes across the
eurozone which would help finance a new common budget. bridgie. the budget can only go hand in hand with strong political leadership led by a common finance minister and strong heart of entry see the vision of the european level. only the eurozone with a strong and international currency can offer europe the framework of a global economic power. homes plans would increase germany's financial contributions while reducing its influence on policy scenario opposed by many politicians and economic experts in berlin. an ongoing staffing shortage has prompted ryanair to scrap a second wave of flights after already canceling thousands of flights earlier this month the irish airliner is set to cut a further eight hundred thousand scheduled between november and march in total the cancellations will affect over seven hundred thousand bookings. meanwhile bankrupt
german carrier air berlin is continuing to shed routes from its edge will as the skies over europe grow increasingly turbulent on monday japanese prime minister shinzo avi proposed a major economic stimulus package to his cabinet that range of measures worth about fifteen billion dollars aims to boost productivity and education abi hopes the package will win over voters for the snap election he has now called after dissolving parliament this week. china is stepping up the pace on the electric cars front beijing is set a deadline of twenty nineteen for a plug in and hybrid models to make up at least ten percent of automaker sales creasing to twelve percent by twenty twenty officials say the quote is apply to all brands that produce or sell more than thirty thousand cars a year in china manufacturers who fail to reach the targets will face fines and
other penalties. us president donald trump has presented his long awaited plans for tax cuts among the objectives is a reduction in income tax primarily to lower the burden on middle class households another major change is a big break for big businesses with corporate tax to be slashed from thirty five to twenty percent we would dramatically cut the business tax rate so that american companies and american workers can be our foreign competitors and start winning again. that means small business owners like lauren copsey are supposed to benefit from the reforms five years ago he opened his bicycle shop in washington d.c. business is going well so he has five employees but his company doesn't turn enough profit to benefit from trump's tax cuts. mom and pop shops on main
street are not the ones that are going to be affected by this from my reading of what the bill might be so it's going to be much larger businesses that are able to sort of benefit from the deductions that they will be able to take and the lower tax rate i don't think it's going to hit the people that you think of as small businesses. so who would get a tax cut doctors' investment bankers and high turnover companies for example republican supporters have long argued that giving tax breaks to big business will boost the u.s. economy they also say that other issues are just as important. there's other reforms through tax and they were talking about a tax reform they're important full expensing making the tax code simpler easier to pay off to higher out accountant these are all benefits that help both small and big business. but as far as lauren is concerned the cuts are critical reducing
costs for a larger companies inevitably increases competition for business is like is the margins for small businesses are so so slim our profits are not huge you know we all want to be able to make a decent living those that are making outrageously large profits i think that maybe there should be a little bit more tax burden on them. the new proposals would constitute a revamp of the tax code but many small business owners have their doubts whether it would do them any good in the long run. britain would like to remain a global champion of free trade even after the country leaves the e.u. in a speech at the bank of england prime minister to resign may warned of the dangers of growing protectionism. we need to ensure our country our economy is working for everyone but we also need to show why free trying to sell important and raising living standards in developing the growth of economies and bringing
prosperity into all countries and i think that is a discussion we now need to have because we do see evidence of protectionism creeping in around the world in a recent example washington said it intended to impose punitive tariffs on canadian aircraft builder bombard us competitor boeing accuses bombard again of giving an unfair competitive advantage by receiving subsidies from the canadian government. and the united kingdom is also affected by the dispute parts for some bombard planes are built in belfast jobs there would be a risk if bombarding a loses business in the us. may is now trying to pressure the us government to withdraw the tariff somebody game but a badly needed post breaks a trade deal with america weakens her hand. sugar producers are licking their lips as the e.u. prepares to abolish its system of quotas but it's not necessarily such good news
for the farmers such as it was clearly in northern germany. soon he'll no longer be getting a guaranteed minimum price for his sugar beets. for the last fifty years growers have enjoyed protection from the e.u. now they face a huge challenge. important which we have to expect more imports and more competitive imports encroaching into the e.u. market he says that the at the same time competitors within the e.u. have every right to expanding or adjust the volume of food which will additionally affect the market in past than in marx's it's. this also puts added pressure on the buyers the sugar processing factories. during the harvest trucks deliver tons of beats by the hour. the companies say they're trying to help the farmers. fix plus what we offer three year fixed price as
well as other variable multi-year models we hope this will allow us to keep the pharmacist anable. of course without a guaranteed minimum price it will be up to them to decide. what. farmers are continuing to deliver a steady supply this plant near hanover processes seventeen thousand tonnes of beans daily they are shredded in process to make sugar for the food industry and for retailers traditionally most of the sugar goes to german or european customers but new customers are cropping up the defect. with the elimination of sugar market regulation starting in october it's already clear that we'll be seeing more exports outside the e.u. borders to countries such as israel egypt and perhaps to saudi arabia again. we're saying. no quotas means new markets markets attractive to european neighbors
france already the e.u.'s biggest sugar producer has been expanding its output. this leads to corresponding price adjustments which means the sugar prices have fallen for the first time internationally including within the you. know eventually beat farmers are bound to be. affected every striker we means committed to growing sugar beet at least as long as his harvests continue to be a sweet as they are this year and that was our business week in review. always at full speed. always shining. but always on the move.
mostly today and in the future. driving no detail. is a sign of the revolution. she and son i have to measure since the revolution has been working to strengthen the young democracy fighting for the environment jobs and against vulnerable. believes in the power of his generation. for tunisia's future. global three thousand and sixteen it's no use. my first boss was a sewing machine. where i come from women are bound by the social rules something as simple as learning how to write a bicycle isn't. since i was
a little girl i wanted to have a bicycle of my home and it took me as them and i. finally gave up and went on buying in bicycles but returned with the sewing machine sewing i suppose was more appropriate for girls than riding a bike and now i want to meet our two boys moving back home who are bound by the. and social rules and informed him about the basic rights my name is the about of the go home and i wore you to. a low and welcome to drive with a d w car show coming up we put toyota's little yars hybrid to the test.