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tv   Business - News  Deutsche Welle  November 10, 2018 2:15pm-2:31pm CET

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are underway in france sparking a century since the battlefields of world war one else silent around sixty leaders are expected in paris this weekend for the events. that took. you watching t.v. news from berlin with more coming for you at the top of the hour and don't forget to get all the latest news and information around the clock on our web site that's dot com or follow us on twitter f.t.w. news thanks for joining get up a. place . like your smart t.v. the smarter with the d w four smart t.v. . what you want when you want it up to date extraordinary. to decide what songs find out more. dot com smart t.v. . earth home to millions of species go home we're
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saving. google ideas tell stories of creative people and innovative projects around the world. to protect the climate boost to clean energy solutions and reforestation . using interactive content to inspire people to take action who belong to use the environment series of global three thousand on t.w. and online. in the u.s. the democrats win the majority in the house of representatives. the republicans win three more seats in the senate. while some speak of a defeat for the president he considers the results of the midterm elections a victory. last night the republican
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party defied history to expand our senate majority well significantly beating expectations in the house. for the mid. and midterm year. the economy is divided on the one hand tax cuts in deregulation have triggered or at least supported a boom on the other hand many dependent regions are still in crisis the role of individual presidents would be overwhelmed anyway according to city council the rand eades from bristol a city with a lot of poverty and fewer and fewer jobs. the economy is a more complex than just one party being in control or one president being in control people will say that. mr trump is the one who has made the economy boom right now others will say that it was because of president obama i don't think
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either one can necessarily take credit on the stock markets the elections did not trigger any big leaps world indices rose slightly much more important is the uncertainty as to whether the policy of punitive tariffs will continue after the elections or not at least the result of this election shows that the democracy in the united states is still alive and that there are controversial debates about also for all of business crucial topics and one major topic is that trade policy off donald trump have one side in the direction which i have little hope in the german a business community that the election results will change much of that was all it was the end of it i don't think that there will be a major bettering it might even get wars. what everyone fears is a global slowdown possibly a recession nobody can say at this point whether the probability of this happening
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has increased or decreased. this is not just any exhibitions as china's president xi jinping. this is his country's promise to allow more foreign competition. it's a fair that emphasizes import not export and this is indeed new for china. three thousand six hundred companies from one hundred seventy two countries attended the one week mega event in shanghai and china's premier promises once again more openness. we will continue to implement a proactive in fiscal policy and push for cutting taxes and fees meanwhile we will keep stability and optimize the business environment in order to further mobilize the market players. the government has already dismantled trade barriers and lowered tariffs on many industrial products since the first of november in the
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first three quarters imports to china have already risen by twenty percent to one point six trillion dollars i.m.f. boss the guard however is slowing down the euphoria the trade dispute with the usa will weaken growth in china at least this year and next. nevertheless she sees china's strategy of opening up as a good way of sustainably boosting growth. zeman power plants and gas turbines have become a problem child in the fourth quarter the division's profits fell by almost three quarters one thousand jobs worldwide are being cut adding insult to injury orders that were believed to be secure are now on the brink of collapse in iraq for example zeman believes that the us government's political pressure could put the competitor general electric on the spot or in saudi arabia.
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here zemindars was on the verge of concluding a twenty billion dollar deal but in response to international pressure over the murder of journalist jamal khashoggi c.e.o. joe kayser said that he would not participate in a last minute investor conference thus upsetting the kingdom. the fact is that they did not sign significant deal of it was worth north of ten dipping that's true but. things go as taiko. always made it clear you had a better partner a competent partner off the king of saudi arabia who have more than thirty million people mostly young people in the kingdom that asking a lot of reforms it's half initiated so i think we need to look at all factors the others even if groups such as transportation digitization medical technology and alternative energies are in a better position the profit for the year is
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a whole even increased slightly to over six billion euros and the company is also consciously optimistic for the coming fiscal year according to the group on thursday. one day after michelin announced the closure of a thank you ri in scotland the only mode of supplier scheffler now wants to significantly reduce its business in great britain two plants are to be closed within the next two years due to brakes that the production from the affected locations will be relocated to germany china south korea and the us a large part of the parts produced in great britain are exported to continental europe. after a long dispute between ryanair and the german trade union verity a solution in the collective bargaining conflict is in the offing. the irish airline in the german union have agreed to more money and better working conditions
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for the approximately one thousand flight attendants similar agreements already exist with ryanair employees in italy greece and sweden now collective bargaining with the pilots is still pending. tesla boss elon musk has resigned from his position as board chair for three years his successor will be robin dent home who is currently chief financial officer of an australian telecommunications group the reason is the tweet in which musk stated that he's taking tesla private for four hundred twenty dollars a share the statement turned out to be misleading in addition to musk's departure the authorities have also imposed a total fine of forty million dollars. here in iran the headlines in the newspapers may be defiant but the real story is bleak
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for many in the country. above all the sanctions are taking a toll on those already struggling to make ends meet. i don't know how long this is going to last. how long we can resist. and whether our government will be able to find solutions for the sanctions and save us right now we're in a whirlpool and we hope we don't drown is. the fear is quite real the trump administration sanctions package is designed to hit the most sensitive sectors of the economy simultaneously. from now on financial transactions with the iranian central bank and other iranian banks are prohibited thus cutting off iran from the international financial system that affects all sectors of the economy in addition transactions with the oil and gas industry as well as the energy sector are
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prohibited in most cases finally all ports in the shipping industry are being boycotted that brings the transport of goods to a standstill. since august the iranian government has been prohibited from buying u.s. dollars the iranian ryall and government bonds may not be treated internationally nor gold or precious metals the ban on steel and aluminum exports to iran is paralyzing the construction and engineering industries the sale of aircraft and aircraft parts is also bad as well as industrial software needed for all modern machinery finally the sanctions prohibit transactions with the iranian automotive industry analysts believe washington's threat to punish any companies and countries violating the measures will be quite effective as a moment on and even what we're experiencing at the moment is a phenomenon in which the u.s. uses its macro economic weight as
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a weapon so the sanctions are in effect an economic weapon and global trade is very interconnected countries conducting trade with iran run the risk of losing their u.s. business and for most countries in the world doing business with the u.s. is much more important than their trade with iran it's going to shift it seems to be working dialer to the french p.s.a. group which includes situate and pujo almost all international companies have withdrawn from iran or in the process of doing so. these are some of the wooden towers that were erected in hungary using e.u. money at seventy thousand euros per tower they were apparently built to promote tourism but there's no hotel or restaurant in sight hardly anyone in the village will speak to us someone does agree but wants to remain anonymous. the towers are of no use to anyone here people just made money off of them people who
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initiated the project. it seems to have said of president a total of one hundred eleven similar structures have sprung up across hungary the journalist who uncovered the case has been blacklisted by the hungary and government passed the initiative to build the towers came from a group of villagers everyone involved received around twelve thousand euros but forrester also got a considerable sum for construction costs and the rest went to an employee in the ministry like. hungary is sinking further into a pit of corruption the organization transparency international hungry at number sixty six tied with the senate got the money from brussels is only making the problems worse says variety bosh and the utopian agency all of that is in charge of that setting this question is on demand so they only look at the few projects and
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then they tell us that that was i miss you was that happens seeks a seven eight years after not fact. a european public prosecutor would be more efficient at least that's what the petitioners are hoping they want to collect one million signatures at the moment they have twenty five thousand and that was your business week in review. a small country with a great many things to be proud. of. a small country with so many things the world loves it for. a small country marking one hundred years as a republic of. austria celebrating its centenary year romex
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next month e w. scars cover don't forget women in russia have to live with violence sexism and oppression love doesn't mean that violence is normal in russia. where putin is patriarchy rooms today women's rights were already gaining traction a hundred years ago. people here gente have a clue about feminism but there are women who want to instigate change in everyday life for justice and equality. under the skin of russia's women starts nov thirteenth on g.w. . green again.
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this is just bad on. t.v. is. the bowl of the. law. to slowly. but love and respect. everyone and welcome to another exciting edition of your max today we are celebrating the birth of a nation but that's not all here's a look at what's coming up. life's about an exhibition in the friendship seat of
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meds is dedicated to darkness. deep deep how rich and londoners are expanding their living space.

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