tv Business - News Deutsche Welle May 15, 2018 1:15pm-1:31pm CEST
is ever so slightly better all right we'll have to see how the defending world champs do this they announced their provisional squad next merrill with us from deed of the sports will of course have more coverage on this throughout the day thanks max thanks for me or if you're watching t w i will have your head off first with business in just a few minutes. where i come from we have to fight for a free press and was born and raised in a new town with the tanker ship with just one t.v. shadow and if you newspapers when official information has attorneys i have walked off the streets of many congress and they have problems are always the same point to social inequality a lack of the freedom of the press and corruption weak on the far to stay silent
when it comes to the fans the humans and see them right through phones who have decided to put their trust in us. my name is jenny paris and i work at the colony. who provided the weapon that killed tens of thousands of people in mexico's drug war six. go on trial illegally. to mexico. revival from europe's poor cousin to growth poster boy a burgeoning. thousands of exiled romanians to come back and join the fray. this is the business of. german arms for the heckler and koch sent almost ten thousand
rifles to mexico in two thousand and six in two thousand and seven although that. full four troubled mexican states to human rights human rights violations then the hospital consignments made their way then regardless now six. are on trial prosecutors say they must have known and accepted from the start that the guns would be used in the troubled. in twenty fourteen a bus full of mexican students was attacked by mexican police six of the students were killed and forty three others disappeared without a trace since then investigators have determined that the attackers used heckler and koch and guns proof that the german weapons maker had sold guns to certain mexican states illegally the german government gave the green light to sell to the mexican government under the condition that certain states would not receive any of the weapons critics however say that all parties involved knew that control over
the distribution would be lost once the weapons entered the country exports to countries with dubious human rights records have proved profitable for a heckler and koch in the past revenue took a hit after an export ban to the middle east in twenty fourteen in twenty sixteen the company decided to only sell its products to safe and stable democracies. eight years after an anti arms trade activist filed charges prosecutors in stuttgart bring the case against heckler and call to trial at the district court some fifty protesters demonstrated against weapons exports it's the biggest trial in german history concerning the export of small arms. and this trial touches upon an issue that has been hotly debated here in germany for decades should it come three that started two world wars actually be an exporter of weapons well customers around the world clearly think so guns tanks submarines and ammunition made in
germany are very popular making the country the world's fourth biggest arms exporter after john's like the u.s. and russia and france last year forty percent to sold by german companies went to the you and nato countries the remaining sixty percent went to so-called third countries all over the world every single german arms export needs a government license exports to countries outside the e.u. and nato are subjected to particular scrutiny so make sure they comply with the following criteria first they have to meet human rights standards then they must not endangered regionals political stability and they shouldn't clash with germany's and the e.u. use political interests guideline is that german weapons should not be used to fuel wars or oppress people but many doubt whether these fundamental principles are
always is here to a reason weapons exports to saudi arabia and turkey have drawn heavy criticism but how can a company control words for it are being used and by whom i spoke to our correspondent peter craven outside the courthouse in stuttgart asked him what this trial will tell us about companies responsibilities for their products after sale. but it's a question of the extent to which you are directly responsible for in directly and ethically responsible and this is very interesting heckler and koch and responded to their own situation of having found themselves in this situation that they had sold weapons that were used in. terrible atrocities and in massacres in mexico they have now completely rewound and as we mentioned in our report they're looking to only make exports to e.u. countries to nato and nato associate countries believing that then the weapons will be much more clearly under control however there are problems there because the
clone call her is going to be it's anticipated selling what weapons to the u.s. military we don't know where the u.s. military might be using those weapons in the near future given the policies of donald trump and they are also selling weapons domestically in the united states which is a very uncontrolled market in itself. peter crane from stuttgart for a long time romania was the poor man of europe that has changed currently the country is seeing both figures otherwise with the likes of china and india more and more mania fled poverty to other european countries are now returning to a burgeoning economy and hardly recognise the country they left behind. carmen is surprised at just how much her homeland just changed in recent years after three years in switzerland the id specialist returned to romania and now she raves about the seismic shift that swept the country are so much more engaged and
aware of what's going on around them and they are still you know very committed to making a change making a difference coming back with their experiences and trying to shape the society and the relationship with their you know friends and people around them. and works for deutsche bank the company has established its global i t. center in romania's capital bucharest and boasts almost one thousand employees with one international company after another setting up offices in the country and seven percent economic growth europe's poor house looks more like an engine room the european head of an israeli investment company proudly shows off his shopping center to more are under construction because when you spend money more than others . or german people for instance it's in their mentality.
the government is fueling this shopping fever they reduce the v.a. and sharply raise the minimum wage this has raised questions as to whether the boom is sustainable the last one chris some says no he's just opened his second cafe and as well as benefiting from the boom he's becoming increasingly worried that remaining is accumulating a mountain of debt the administration is waiting like they've never i don't think in time invested in their people in their systems in their computers in their strategy so like i said you have this streak of super competitive entrepreneurs in coffee shops in technology and what have you and on the other hand you have the public sector which is stuck in time. but the economy is flourishing here despite the woes. theodor ministration and of course many romanians hope that will change for the better too. off the five years of nicolas maduro presidency the i.m.f. calculates that as well as inflation has reached
a staggering sixteen thousand percent suggest poverty nearly doubled in the past year muro blames the economic crisis on what he calls washington backed criminal mafias while his opponents cite mismanagement and price and currency controls little wonder the dura socialist regime is hugely unpopular and yet this tipped to win next week's election easily. hyperinflation has venezuela in a different it's the elderly and the sick who are hit the hardest by the country's economic crisis many like freddie much venus have to choose between buying food and buying medicines to save money he avoids the supermarkets. but inflation is rising so quickly that if he buys food first by the time he gets to the chemist he can't afford the medicine he needs. as venezuela counts down the days to elections many here feel that president nicolas maduro is bluster and
promises of economic prosperity all amount to so much hot air so. the days of chavez almost look good in hindsight. hyperinflation is something completely new in the history of venezuela there's a state of scarcity that's become chronic and severe in items as sensitive as food and medicine and a gross domestic product that's shrunk to almost half under. the i.m.f. calculates inflation is running at sixteen thousand percent chronic shortages are visible everywhere. the country's currency. has lost so much of its value that this artist makes a living by drawing on the bills and selling his works of art for thousands of times the paper money has face value opposition candidate in the far corner a former soldier and state governor once back to chavez but now is in opposition he
has a plan to beat hyper inflation. a macro economic stabilization plan that first tackles the problem of inflation that really goes in-depth to address the serious problem of that sermon and state of decaying conditions in our primary state owned company. but that decaying company is the foundation of president grand plan to rescue the economy and break the hyperinflation cycle a crypto currency pegged to the country's oil reserves. when the president talks about the petro cryptocurrency he sends out many uncomfortable signals because in the first place he's talking about crypto currencies and currencies up based on trust then he says that it's backed by the oil that's in the orinoco belt so he's replacing one asset with another and it would be
a mechanism of indebtedness. widespread apathy and abstention are expected to mock next week's vote practically guaranteeing victory for president nicolas maduro. and. the rest of the business. as usual in the next i mean time do we follow us on twitter on facebook if you don't already do and also check out our web site www dot com slash business stories thank you very much for watching.
months long churning. sixty minutes the split. playbook looking for the white smuggler around is fake you know but the bookshop oaklands your favorite place to live in is a battle between them as a joke even if you're of the cult to be in such a country championing free clearance for the last sixty years to dublin for mines. to accidentally shed some kind of