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tv   Business  Deutsche Welle  March 7, 2019 3:45pm-4:01pm CET

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this ship was meant to bring jobs and much needed cash to a small town in northern germany and now it finds itself in the crossfire for our exports to saudi arabia. this is business as well. as welcome chinese tech giant huawei is on the warpath against the united states for banning the use of the company's equipment while way is launching a legal challenge legal challenge. against the u.s. against a law that labels the company a security risk and would limit its access to the american market for telecom equipment for years while way has sought to reassure the world of two things that it is not under the control of the chinese government and that it doesn't spike on consumers. a shift in tone from defense to accusation the u.s. government hides in brandy's its right it has hacked into our servers
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and distorting our you merits and this song. allegations of american government interference and theft of corporate secrets while ways message to the united states we can play the blame game two hours before the announcement the backdrop to what's becoming an ever escalating dispute wild ways chief financial officer among wang as you were leaving her house in canada for an appearance in course she's been detained in the country since december accused of helping her company violates u.s. sanctions on iran. she claims the arrest violated her rights and is politically motivated. while ways decision to sue the american government to an already high cost conflict the u.s. effort to get allies to shun the firm threatens to bar the company from major
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markets and puts billions of dollars of investment in super high speed five g. networks that all risk it also adds tension to and ready complicated trade relationship between the world's top two economies. let's bring in ali by financial correspondent in frankfurt only weiwei that getting a bit miffed that with all the bad p.r. they're getting from u.s. officials will this lawsuit make a difference do you think i don't know if it will a little bit surprising considering the development that this lawsuit is coming only now at this point in time of course it's an unfortunate timing because trade deal talks are in the midst of possibly concluding xi jinping and donald trump said to meet at the end of the month and this will surely not improve the mood of the man in the white house but well way doing basically the only thing it can still do trying to force the americans to produce evidence that they claim they have in
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public in a court and not just make accusations while way itself says it's innocence that the accusations of the americans equal basically a corporate death warrant that this was a last resort although when you look at it when you look at the history of similar cases u.s. courts have generally not decided against washington and security matters in other news only all eyes are on the e.c.b. this is that the press conference with this president maya druggie after the council meeting today in frankfurt has just gotten on the way we know the interest rate is going to stay at zero percent what else are you hearing. well in the building that you see behind me here the press conference is going on as we speak and besides the zero percent for banks lending money from the e.c.b. and we have mario draghi right now in the picture as is explaining his policy in the outcome of the council meeting to the public it's also not just about the money
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being lent but also the money that banks are parking at the e.c.b. that's to stay at zero point four percent minus that is banks have to pay the e.c.b. to take care of her money overnight and also drag he has spoken already of a substantial worsening of the outlook for expansion and so the e.c.b. is taking drastic measures it's prolonging these super low interest rates at least until the end of the year that means the first rate hike now twenty twenty before the message was possibly after the end of the summer and it's providing new ultra cheap long term money for banks it's renewing a program for that and that's supposed to help expansion as well only bounce thank you for this update the u.s. trade deficit surge to a ten year high and twenty eighty and that's a blow for u.s. president donald trump who claims that slapping tariffs on
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a range of imported goods would make it go away the comments department said it almost nineteen percent jump in the deficit in december contributed to a shortfall of more than six hundred billion dollars last year the u.s. posted a record trade deficit with china mexico and the e.u. . donald trump's global trade offensive has failed to rein in his country's spiraling trade deficit last year washington impose tariffs on about half the goods imported from china to force beijing into negotiating a new trade deal but china responded with retaliatory duties on u.s. goods many american businesses and consumers are now footing the higher bill for imports while slowing global growth and a stronger dollar weigh on demand for u.s. goods and the trade imbalance remains as reflected in the latest figures last year the shortfall with china serves almost twelve percent to a record four hundred nineteen billion dollars the deficit with the european union
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which is also in a standoff with washington also jumped almost twelve percent to one hundred sixty nine billion dollars and the gap with mexico which donald trump has repeatedly accused of unfairly benefiting from nafta rose almost fifteen percent to eighty one and a half billion dollars despite signals from chinese and u.s. officials that a trade truce is forthcoming it's unlikely that a deal will have a major impact on the trade deficit in the short term finding a job can be tough for anyone wherever you are but spare a thought for women in pakistan threats of violence and lack of education have resulted in one of the lowest female labor force participation rates in the world on the eve of international women's day which is on friday we show you how one father is taking things into her own hands. this farm in rural pakistan they're breaking the mold on sorting through the latest potato harvest all belong to women
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this is no typical scene not least because their boss is a woman ten. the idea of being an agriculturist hit by an accident in one i made it into a tourist system and there wasn't much activity get out i was buying into. my house and i could not go out but hundred eleven i got a very educated husband who actually made me believe that i can do whatever i can even if. the education in peak season the farm's female workforce triples much needed in a country where barriers to female empowerment remain stubbornly high would account for just a quarter of the jobs in pakistan. well maybe not every argument for striving for the next generation won't get it all like it's us enough we can send the children to school and get the magic a shit if we don't work how will we do the poor people don't have enough money to
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buy books we work from morning till evening and only then can i light our fires and feed our children. farm hands are soaring the seeds for progress as well as potatoes. situation is quite different in singapore where a woman has better chances of career advancement then her female peers elsewhere in the asia pacific region that's according to a new study the city state has laws protecting against gender discrimination in the workplace at the top spot with new zealand the top five was wanted by australia japan and taiwan where women also have good chances of career advancement. germany will extend a temporary ban on arms exports to saudi arabia until the end of the month the ban has led to both domestic and international tension is facing pressure from the german arms industry and sectors related to it like this shipyard on germany's
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baltic sea. this is what the fuss is about for patrol boats to fend off coastal threats from the likes of pirates this is the closest to film for security reasons the pain of af shipyard wants to deliver the boats to arabia but that's out of the question now following palin's export arms to the gulf kingdom production is at a standstill twenty percent of the workforce have had. on their hopes are sinking. is. political. of course the politicians initially signaled that they decided quickly whole thing's been delayed now three times the way things stand. today and of course that's left the workers in a mood that can only be described as one of disappointment and resignation is it not so much like. it was supposed to be a billion dollar deal for the shipyard. group subsidiary promise to tarnow patrol
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boats for the saudis that invested millions of euros in the equipment needed to build them. the money also went into building a supply chain for the task. the ones whose money it's obviously the suppliers now want to hear what's going to happen and when and the workers want to know how and when things will happen when do we come are produced work hours when and when you touch it all up commercially it's an enormous strain for the shipyard to have to deal with for tough not to mow. the shipyards hometown of august is also suffering under the export ban. and its suppliers are the largest employers here the slump. has led to a shortfall of nearly. in the times budget money are gently needed to repair school buildings for one the times mayor has come under a barrage of criticism for speaking out about the problems. i'm trying to balance the health and prosperity of
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a community against producing armaments and i'd like to put armaments in scare quotes here the reality is that we're short of money that we need to fulfill our responsibilities. and it may appear perfidious to some but we're busy building a child daycare center and renovating a school and our financial contribution to that is missing the. most involved and to the constant delivery delays people want to know whether the finished patrol boats can be delivered are not. and if the rest can then be built or at the shipyard will have to launch from other bios and she caught some fresh business instead. and that's it from me and the business as a team. for coming up.
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in two years this will be the european capital of culture but the ancient city of ls you know has lost its luster. it's currently home to a huge shift graveyard. burgeoning bureaucracy and a lack of funding for stifling clean up operations. so when will the left ciena sparkle again. thirty next on d w. it's already winning coach of british. tour linked to news from africa and the world. your link to exceptional stories and
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discussions pellew and will come to the day news after going program a night from one gemini from the news of easy to now i would say d. debited close match cafe come join us on facebook d w africa. germany state by state. the most colorful. the liveliest. the most traditional find it all at any time. check in with a web special. take a tour of germany. state by state on w. talk. it doesn't even sell it's not easy to go to another country you know nothing about the wife of the family do this because we can't stay on venezuela. that. closely global news that matters
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d. w. made for mines. this coming to you live from berlin child abuse pornographers jailed in germany of course hands lengthy prison sentences to four men accused of operating for their wives biggest child abuse pornography. on the dock net also coming up a new future for facebook c.e.o. mark zuckerberg.


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