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tv   Business  Deutsche Welle  August 6, 2019 5:02am-5:15am CEST

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your group washington china counter a strong character with a cheaper you want leading the white house to cry currency manipulation hours later staging announces it will no longer apply for produce from the us. i also want to show a canadian company that wants to stocks the o 2 out of the air and turn it into fuel . and how syrians fleeing the civil war are benefiting from an appetite for their traditional dishes in the sudanese capital. this is d.w. business i'm joined now on in berlin welcome to those wondering how china would respond to washington's latest round of tariffs well they may have the round sir china has allowed the you want to significantly fall against the us dollar making chinese exports cheaper and potentially offset the effects of its trade war with
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the us and beijing has announced it is to stop purchasing u.s. farm products prompting fears that the trade war is set to get even nastier. could china be weaponize ing its currency in the increasingly hostile trade war between washington and beijing the chinese who won unexpectedly crossed the psychologically important 7 print dollar mark for the 1st time since the global financial crisis the one slump to an 11 year low could be good for chinese exports they could remain competitive despite the terrace that's why some see it as retaliation to the additional 10 percent tariffs and $300000000000.00 worth of chinese imports u.s. president donald trump announced last week for china's central bank blamed the u. one slump on unilateralism and trade protectionism. huge of the complicated international situation and uncertainties we must pay great
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attention to handle the relationship between further reform and opening up and risk prevention the hotter team. phone china has denied it is devaluing its currency in retaliation its official response to the latest u.s. terror threat came from the calmest ministry which said china would stop buying u.s. agriculture products leave. a fellow if the joins us now from wall street louise analysts are describing these developments as perhaps the most aggressive phase yet in the trade war between the u.s. and china what's the fundamental long investors are there on wall street. investors are nervous you know since i d's episode has a lot of similarities with the one that we leave in august 2015 by dan after a good 1st half of the european allies not picking up late cycle signs with central banks said too easy to boost growth and more importantly chinese a slowdown led to an abrupt devaluation of the chinese
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a currency that sent all across our global markets and especially emerging ones that said something best to point out that the chinese authorities now have a much better handle on capital outflows back in 2015 and have been holding back mainly to to avoid the railing those trade negotiations by those trump announced new charges last week devaluation seems to be a short term upturn it is not as a symbol for a long time though since it makes a chinese imports more expensive take a toll on current countries consumers and investors and also increase the risk of those a capital outflows that materialize in at some point. so the chinese took their foot off the gas pedal so to say but the 2020 elections seem to be an incentive for trying to escalate this trade war with china are we going to see a war of attrition of sorts. it seems that to be the case of generals i mean does
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store say trump has incentives to escalate tensions both to quickly and for the white house knows that the federal reserve now including trade policy in its monetary decisions so it's also wondering if i could deliver any any beneficial points ahead of those presidential elections next year one of them it could be a more aggressive federal stimulus response that could help the u.s. economy heading into d. also a more significant it's collation who didn't foresee china at some point to give a major concern about the strategy. because of the next round of targets will have an impact in the u.s. consumer. thank you louisa haro there on wall street for us. and speaking again of chinese money namibia has inaugurated a new port terminal financed by china the southern african nation is hoping to see a surge in trade and tourism. a slight pick up president maybe as president
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unveiled a new container terminal but it was smiles all round as the $200000000.00 facility of walvis bay was finally opened. the terminal constructed by beijing state owned china harbor engineering company will more than double the ports handling capacity bring it up to $750000.00 containers a year. i'm going to. deliver . it we've. got. to do. with. zambia angola the democratic republic of congo botswana and zimbabwe are among the main landlocked countries which the ports constructors say will benefit
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and chinese exporters lining up to exploit the new markets the new port has a dedicated cruise line of birth which should help to boost no maybe as tourist industry africa is the fastest growing tourist destination for the chinese numbers increasing 70 percent each year now here's one approach to the planet's pollution problems capturing carbon dioxide from our school is a company in canada is pioneering a method to filter c o 2 from the air and turn it into fuel. everything seems to be fine on jonathan studies organic farm in western canada. but jordan knows better than most things aren't as they appear he's the member for west vancouver in the british columbia provincial parliament where he holds the environment and energy portfolio globally it's accepted that it's not going to be enough to simply stop emitting we are going to half the pole carbon out of the atmosphere for
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to achieve the $1.00 degree targets or the 2 degree targets. that has been set now internationally british columbia now gets 98 percent of its electricity from sustainable sources but fuel still comes from gas and oil along with all the associated air pollution so jordan sturdy campaign for the canadian government to invest in a carbon dioxide research project now north of vancouver in squamish. a test plant runs filtering c o 2 out of the air project manager steve oldman explains the rather simple principle centrally it's a big fan so i found that holds the air in and then it pulls it through a filter that filter has a chemical drop in through it like this and by doing so we capture 80 percent 80 percent of the c o 2 from the yeah so we make calcium carbonate as part of our
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process you would know calcium carbonate as seashells the c o 2 was burnt sometime in the 18th century or maybe on your flight over from your up and we captured it and we come but it's into these pallets da mr turner air into fuel a synthetic fuel for all combustion engines 10 years ago jeffrey holmes co-founded the project a kind of recycling plant for c o 2. what we do differently as opposed to taking fuels refined from crude oil and burning them which puts carbon dioxide in the atmosphere we take the carbon from the atmosphere we take hydrogen from water and we recombine them into fuel that way when the fuels burned the carbon is released back to the atmosphere where it came from and we have a close cycle jordan sturdy would only be too happy to use c o 2 neutral fuel for his quad and his tractors it would mean the massive investment and paid off and another piece in the global puzzle of solving the climate crisis would be firmly in
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place. millions of syrians have fled their country many to sudan where they have visa free entry some are opening successful small businesses and in khartoum their eateries are drawing crowds it can be tough to find a table here in this fashionable district of the sudanese capital the tantalizing odors of popular syrian dishes filled the air customers here like the restaurants because they're vibrant brightly lit and clean they have a reputation for taste and good quality and they offer something different. don't come on the floor and sit down there was no very well known food they had beans and tamiya like for lawful and other things but we came in and brought in crispy mexican recipes chicken roasting machine and pizza among other things and the shawarma and we thank god for the quality we had on the would. go with. this
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fierce competition between restaurants each has its own specialty and for the sudanese clientele syrian cuisine has an element of glamour. that would be reason would be enough that it was sort of what makes syrian food different is their welcome it gives a special taste for food this is what interests me in a syrian restaurant and they're very serious about cooking it of the end i feel like it's the taste that you see in philips. yeah this is cool. but customers now have to pay more for that glamour syrian restauranteurs say the country's political and financial crisis has led to soaring prices for ingredients . the company that built the titanic harland and wolff is going under its winding up operations after its star region parent struggled to find a buyer apart from building the titanic which famously 1912 it supplied almost 150
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warships during world war 2 it was considered a giant of northern ireland's industry harland and wolff 30000 strong workforce in the early 20th century window to the present pains 130 employees thank you for watching.
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you know that 77 percent. are younger but think. that's me and me and. you know what time off boy says. the 77 percent talk about the. front porch flash from housing boom boom town this is way out. welcome to the 77 percent. this weekend on the g.w. . never has it been the stock. is facing mass extinction. you could say that cope with something dangerous. but there is
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a glimmer of. the biggest companies uniting to create global. possibility. not only animals will be sent. to. the lion's share of the conservation. this is news africa coming up on the program with the aim of reaching the wealth of saudi arabia east african stopped and the drop in one of the world's poorest countries are correspondent met some of those who have crossed the sea to yemen despite the dangers the feast on the way. couple of $100.00 to reach their goal saudi arabia.


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