tv Business - News Deutsche Welle April 17, 2018 5:02am-5:16am CEST
u.s. protectionism is bringing together old rivals japan's prime minister and the chinese foreign minister announcing closer cooperation is this the race to become the new leaders of global trade also coming up you know what they say about one man's trash well one indian company is helping rubbish pickers to get into regular employment and if you fancy a touch of luxury how about buying a piece of paris's famous brits old father and unique on the facts from the historic hotel are going out for. undone the winter and this is your business update donald trump's protectionist policies and the looming trade war have brought japan and china closer together relations between the two asian powerhouses have been strained for decades but in the face of u.s. tariffs it is time for beijing and tokyo to mend fences. this handshake between japanese prime minister shinzo of e. and chinese foreign minister wang ye could mark a turning point the two nations know him to resume talks that were put on ice eight
years ago as doubt hangs over the future of international trade the regional rivals now want to show a more united front. the world is now full of uncertainty trade protectionism is rising and as a result the free trade framework is under threat the rise of unilateralists and is challenging fundamental international rules we have relative stability in our region and we need to appreciate that. although donald trump's name was never mentioned during the talks his decisions have helped kick start the move towards better relations between asia's two largest economies the u.s. moved to impose steel and aluminum tariffs on both countries has angered decision makers there and china faces even more penalties for what the u.s. says is years of intellectual property piracy and theft now top politicians in china and japan plan to meet regularly economic conflict with america is giving the
rivals a common cause. and the u.s. government has announced a ban on american exports the chinese telecom producer said t v the u.s. department of commerce says that he is alive about reprimanding employees involved in illegal business last year the firm was found guilty of violating trade sanctions imposed on iran and north korea agreeing to a settlement but the u.s. now says not all employees involved were punished the ban means u.s. companies will be unable to sell to the company for up to seven years and insulters watching this from wall street against plenty of chinese firms work closely with the say state and we've seen a while way get into similar trouble with the u.s. is the tide turning against chinese tech companies. the heat is on there's no question about it and it is to a certain degree a new development and we have talked quite
a bit in the past couple of days and weeks that donald trump might try to make it more difficult for the chinese investors and companies to invest into the u.s. to gain knowledge area also that it will be more difficult for chinese companies to buy into the u.s. to get all the industry is so now we have a case the other way around so that also american tech companies might not be able to do as much business with china as they used to we have to wait and see you said to you might be a special case but it certainly is an interesting new development in the tens u.s. relations and netflix results out and it seems that there shocking skeptics and beating wall street expectations for the story. well at least the initial reaction here on wall street is quiet. the stock after the last earnings report in
general was up about forty percent after back then netflix reported record new subscripts with scriver numbers so now at least on the first glance profit and revenue also beat wall street expectations and after the stock was a bit shaky in the monday's session the first initial reaction after hours was very much the stock at some point gaining a good six percent in after hours trading we will get more details on those netflix numbers on tuesday all right quarter bringing us that news on demand thank you very much for that. and let's head back over to this side of the pond now turkey's economy is recovering rapidly growing by more than seven percent last year now that stronger the china's growth but with the turkish currency the leader on a continuous downward spiral it seems the country is using cheap debt to keep the economy afloat yet soaring inflation is putting that strategy on shaky ground.
turkey is cheaper than ever for foreign tourists the turkish lira continues to hit new lows against major currencies. it's lost nearly half its value against the euro for examples twenty fifteen. but although that might be great for foreign visitors it's a huge problem for the country because it has to import commodities like oil and gas the country's central bank could apply the brakes by raising interest rates but president redshift tired out of want has hamstrung that idea he's betting on a looser monetary policy that wants to retain low interest rates to help drive economic growth and he accuses those who aren't of the same opinion of being tools of western powers ever want to tributes the fall of the leader to turkey's enemies
. turkish companies are suffering the country's largest manufacturer of food products isn't debt to the tune of billions in hard currencies but in its home market sales are in default lingle iraq has already warned that it will soon be unable to meet its obligations all told turkish companies zero creditors around three hundred billion dollars some economists now believe turkey could be the flashpoint that sets off a new financial crisis. rubbish on the streets in the rivers and in the sea india is sinking into a deep crisis the problem is particularly prevalent in the capital and other major cities due to a lack of efficient disposal systems throughout the country. now. fighting against this wave of waste. india's
economy is growing and with it so are the mountains of rubbish garbage has been piling up for decades in the country's major cities lack of functioning disposal systems instead millions of illegal waste collectors wait through the rubbish and separate the trash from the treasure it's a dangerous job. to get that one dollar two dollars a day before barehanded could. never know what to get in contact with they're not they don't wear any safety gear so if you have lost everything in life you have no life that's when you actually become better because. now i got garbage has plans to tackle india's waste crisis with the help of rubbish collectors wakas can separate the rubbish in a recycling factory instead of on the street. we have done our own thirty five million kid you go. through our system and their own speakers
are on board so we're going to act as much risk because we're trying to make them into a dignified livelihood as much as possible and they get to fix it salary their lifestyle is bigger they get pictured work dining they get. their children go to school. the company collects and analyzes data from junkyards waste collectors and domestic households to make the system more efficient. the information is then made available on the internet. people. the company is currently supported by indian i teach ion mindtree been in
a few months it plans to break away by itself the organization is set to be deployed across the country to help eliminate india's garbage. coco chanel hemingway and the billionaire rockefeller family the ritz hotel in paris has hosted the kremlin but after spending millions on its time to throw out the old furniture that those guests have used in style with an auction. that's like this were essential to the well being of the likes of coco chanel and they must to provided some extraordinary sleep after the french diva resided for almost forty years at the paris france the prestigious house underwent a major overhaul and is now auctioning off many items that are no longer needed only know about ten thousand artifacts from the last century will come under the hammer not all of them are exorbitantly priced. you could have
a collection of a dash tres at one hundred euros the ashtrays have the name rich some and then you have much higher prices the torch carriers for example their large lamps which are estimated to be worth around ten fifteen thousand euros. the auction catalogue includes beds from the one nine hundred thirty s. and hemingway era. all the objects the more unusual like the ritz. it's probably the oldest object in this. caesar it's the founder of the ritz wanted his guests to have the greatest comfort and he placed a beautiful bathroom in every one of the rooms and the sweet bedside of. items of on show in reconstructive suites at the. house until the highest bid is take them off to the new heinz. well that wraps up the all five star gold plated business
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