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tv   Business - News  Deutsche Welle  September 11, 2018 5:02am-5:16am CEST

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the diesel great tool finally reaches the german court test case against fall starting is now on the way p.w. loses it could be forced to fade billions of euros in doubt. and argentina struggles to stay afloat but what does the plunge of the pencil mean for people who've been banking in dollars for decades. also coming up to me says gulf oka bash has been heavily polluted by the country's phosphate industry now the e.u. is stepping in to help with the clean. is the business. the german city of folks wagners headquarters of course has begun examining whether the comic should have told shareholders sooner about the emissions cheating scandal that might open the door for compensation payments spots and openings comments the
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judge said most of the claims might be past the statute of limitations in other words too much time has passed to consider the complaints. inside these folders are the file sizes of investors are pinning their hopes on the documents could be instrumental in persuading the court to either accept or reject the notion that folks not knew about emissions cheating in the us years before informing shareholders. peers had the plaintiff's lawyer and they have killed i'm client his case to the media recently and. all the hot under german law is what's required to communications essential information to investors and the market we're firmly convinced that seat of the you should have told markets of the latest in june two thousand and eight because they would not manage to confuse the technology required in the united states to say we can't do it these of you didn't join with us and that's probably. divied of the emissions cheating scandal broke on
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september eighteenth two thousand and fifteen in the days that followed the company's share price plummeted on september twenty second the w issued a warning to its shareholders the company maintains that in this matter at least it acted according to its two she's. indeed it's before stay in for those are point of view this case is only about whether folks dogmatic obligation to inform shareholders in the markets that we're convinced that this is the case. isn't about or does is to follow the court's ruling isn't expected until the end of next year. u.s. trade officials say they're hoping to reach an agreement to lift some trade barriers with the european union by november the comments come after a meeting between e.u. trade commissioner as a senior monstre u.s. counterpart. ties between the two have come under strain with the u.s. threatening to impose import tariffs on e.u. cars while the latest talks suggest the two sides could be ready to remove tariffs
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on some industrial products months from said that last week that quote profound disagreements continue to exist on trade deals. knowledges cross over to new york where our correspondent has a hollow is standing by jose that sounded like the trade dispute between the e.u. and the us is on the way to being resolved at some stage but what about china. as it is now it seems. to walter because economies are not easy in any time soon on monday china promised that retail lesion if trump is. vital so does increases the risk of a genius starting to focus more on the operations of american companies in the country as it runs out of goods bought from the us and for penalties let's not forget that the us imported three dollars of chinese products for every dollar of american goods by china last year this threat came after trump and said he was
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considering expanding penalties say to an additional two hundred sixty seven billion dollars of chinese products that will be on top of the fifty billion dollars of goods already hit by twenty five percent duties and another two hundred billion dollars on which all washington is poised to raise tyreese any moment how are u.s. companies responding out there worried that we have to take a look too awful stock on monday down over one percent as they did some of the providers in asia after trying to pressure d.-i filmmaker to bring back manufacturing to the u.s. as a way to avoid. on some of its products about let's not forget that our ball is already committed to contribute to the u.s. economy with a run three hundred fifty billion dollars over the next five years and also we need to take into account factors like al commentates asian or of u.s. manufacturing workers are really prepared to take into these tasks it also called on ford to produce their small cars overfocus active in the united states up to
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risk rocking plans said to do so in china that said the alto maker does not intend to or start building their car here anytime soon. in new york thank you very much. britain's currency bounced back against the dollar monday after the used top ranks of negotiator michelle obama indicated divorce still could be reached within a matter of weeks here's what bernie had to say about being realistic. realistic we are able to reach an agreement. on the first stage of this negotiation which is the brics and three g. . six or eight weeks the treaty should clear we have two years to reach an agreement before they leave two years after in march ninety that means that the ticking clock and the time necessary for the ratification process of commons and one side to your predominant in the concert of
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the deal side we need that we must reach an agreement. before the beginning of november i think it's possible and show bonnie's speaking about the downward pressure on the other time pestle as weakened somewhat over the past week but many argentinians are still chasing the dollar as the south american country has the most dollar cash holdings off of the us who petticoat perez is one of the most famous argentinians to have been hit by the financial crisis in two thousand and one. the former soccer player who was on the country's nine hundred ninety four world cup team had to watch the state freeze all his accounts and convert dollars into pesos a tragedy for people like him who had been investing in dollars for decades. but at the end i mean our country has been through fifteen crises since one thousand nine hundred fifty five and they said over and over again if you bet on
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the dollar you'll lose it's. only experience their piece is losing our value so. petty go also said that many argentinians today are still afraid to leave their money in the bank after renewed fall in the peso in recent weeks their assets have lost another four percent in value up in the. have learned long ago how to predict the crisis that's why they want it carelessly stumble into the next one so quickly by leaving their money in the bank. the u.s. federal reserve says argentina holds the largest amount of dollars per capita after the us but the majority of that wealth is deposited in foreign accounts what's more a university of buenos aires study says argentina is the latin american country with the devaluation of the currency has the greatest impact on inflation. formosa pick the number of guesstimates regarding exchange rates if they go up or the peso loses in value the world expects prices to go up as well and because everyone
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expects it they do what i want to buy it but you know that nobody on the brazil chile colombia and peru have all seen their currencies depreciate in recent years but with less impact on consumer prices in argentina with its already high inflation rate of around thirty percent the prices for food energy transport and technology have become significantly more expensive recently. the fragile ecosystem and the gulf of batches heavily polluted by the waste water it's the central for companies phosphate industry which has been a brain on the environment on offshore oil for years the european union is now helping to revive the region. allow you to tawi has worked as a fisherman for over forty years he can't imagine doing anything else yet life is hard here in ga base four hundred fifty kilometers south of the tunisian capital
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tunis water quality has been badly affected by the city's phosphate processing plant but elias says the only option is to keep on fishing had a total. i have a spiritual connection to the sea and i draw the door the move away from here then we have no where the job opportunities. together with local agencies and e.u. funded pilot project aimed at reducing the environmental degradation is no wonder way to protect the sea from overfishing fishing rights are being restricted and activity closely monitored artificial reefs are also being put in place. today the fishermen are invited for a town hall discussion they're being introduced to the project in part to win them over because not everyone here is thrilled by developments just how it wants to persuade them of the benefits. some reject the idea. but our good name is at stake. the artificial reef here is five to ten we just. a
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lot has already changed we've managed one to reintroduce the red mud that it was gone from here for a long time. it's kind of. the artificial reefs are sunk at two locations plants take root on their concrete slabs and fish can spawn there undisturbed that's a long term boon for the fishing communities as well the project managers want to hear what they perceive as their biggest problems elia to tell he says that factory fishing fleets are threatening the region's ecological balance the use dragnets that are illegal and destroy the fish spawning grounds. the project will put a stop to the chaos in the fishing sector and the illegal fishing by that way over here because the main problem the one spot for the local fisherman. out of. the project is expected to be completed by the end of this year
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a liar he is counting on its success and is doing all he can to support it he's not alone in hoping that fish stocks will recover in the long term. and that's all from me on the business team here and abroad thank you very much for watching good of your business model.
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