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tv   Business  Deutsche Welle  September 20, 2019 3:45pm-4:01pm CEST

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climate protection. this is business. as well indian stocks are up nearly 5 percent after the government announced a major cut to the corporate tax rates companies in the country will now have to pay 25 percent instead of 30. growth and encouraging investment india is the 2nd fastest growing major economy in the world off to china in recent months the pace of. business. is this the right move. absolutely and i doubt i know when the right time in fact that i'm in court not that buffett the prime minister of india is going to niger states but a big investors meeting in who will stand along with the president of united states mr crump is going to attend so he is going there with a lot of these as far as investors are concerned look at the really it was an india
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deal recently and factor today morning there was a lot of you doom and fear among investors because now of course bill and positive now the reason why investors are quite worried because the indian economy has slowed down $1.00 more still 5 percent that garcias are going down consumer product was down to almost 15 percent don't lol so country is what also cutting jobs and the banks are saddled with huge loans now i spoke to a lot of c.e.o.'s to them wanting after this is announcements were made and all of them had now think talking quite positive what they call me they're saying they're going to get almost $10000000000.00 in their hands with this tax cut and they are going to go back to the drawing rooms and going to meet largely lesson plans and so i was next couple of quarters this so yes this is certainly perfect timing as far as the government of india is that. tax rates for new factories have been reduced
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to 15 percent but these measures especially encourage multinational companies very briefly if you can of course as far as multinationals of concern worried about the u.s. china trade war and they are losing their manufacturing base and in china and india is the right time to invest that that fact has been reduced to 15 percent and if you look at the other asian countries now india is at the lowest so i would say this is the right time to come and invest in india because from october 1 on words that business country is open for business as far as them m.n.c. is that uncertain. charges for business standard mumbai thank you. now to some of the other global business stories making headlines today the new york fed is reported to have pumped $75000000000.00 into financial markets this friday to compensate for cash shortage u.s. banks have been struggling to find cash in recent days pushing up short term
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borrowing costs shopping on the last week the federal reserve open markets committee lowered interest rates japan and the u.k. of signed an agreement to ensure business continuity after breaks it the british international trade secretary has been meeting with the japanese foreign minister in tokyo the 2 countries say that close closing in on a trade deal when the u.k. is outside the e.u. . mitsubishi corporation has revealed that it is that the trader at singapore based unit lost $320000000.00 through an authorized transactions japan's biggest trading house by revenues says the matter has been reported to the police trader was dealing in crude oil derivatives. havel's new i phone 11 series has hit shops in china the 11 pro features a freelance camera lacks 5 g. technology that let some to say could struggle of the chinese market competitor
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huawei already has 5th generation handsets. well today is that they say is so cold climate strikes all over the world and the german coalition government has now reached a deal to cut germany's greenhouse gas emissions in half by 2030 details are still emerging but one thing is clear it is likely to affect every sector of the german economy meeting emissions targets will be a mammoth undertaking let's have a closer look germany's energy sector is the country's chief contributor to greenhouse gas emissions producing 311000000 tonnes manufacturing is also high on the list and factories below 100 to 96000000 tons of full emissions into the air there followed closely by the transport sector 162000000 tons on its own housing and industrial buildings are responsible for $170000000.00 tons of
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greenhouse gas emissions and of that i would. which adds $70000000.00 tons of methane and much as oxide to germany's emissions so pretty much all industries. produce producing too much c o 2 even though germany's share in global c o 2 emissions was just 2 point one percent last year berlin now wants to set an ambitious international example about what can be done to reduce c o 2 emissions but will it harm the economy in the long term an economy dependent on an industry producing cars and machinery of all sorts let's bring in chief economist. who joins us from frankfurt just what emerged so far has shocked some in the business world will it get uncomfortable for companies in germany. well i think the shock is far too pessimistic you have to understand that the big industrial farms and the airlines they are already part of the so-called u.p.d.
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emission trading system for many years and they are used to pay a price when they produce c o $2.00 emissions therefore for them it's not a big change the big change. resulting from today's decisions of the federal government they refer to the consumers the consumer from now on has to pay. for c o 2 emissions when they drive a car for example or all when they pay for the heating of the apartment houses this is the big change but is this the way to keep to keep global warming in check and at the same time not kill of growth and well. well 1st of all germany is a small country this all of this only works if all the other countries joins germany to bring down c o 2 emissions globally we talk of a global problem however the 1st edition today was that the emission trading system
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after a couple of years will also affect consumers that means the price of c o 2 when you drive a car when you pay for heating the consumer will be reflected by this and this is very positively because an emission trading system sets a path for c o 2 reductions over the over the next years and this is the most efficient way to bring down c o 2 emissions however the big minus the government's additions today is that there's a lot of micromanagement you know subsidies for electric cars here are subsidies for. energy there that means this is a kind of micromanagement but the government civil servants they canada know by which way to most efficiently reduce c o 2 emissions and therefore my understanding is that this is the end may be too
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expensive to bring down financially too expensive to bring down c o 2 emissions a focus on admission trading system this would be the most efficient way unfortunately we do not 100 percent go in this direction it's a compromise your claim a chief economist of commerce bank joining us from frankfurt thank you thank you. well while politicians debate global warming and businesses hope any counter measures won't hurt their bottom line climate change is already very real in many parts of the world take a region in the south east of space it's considered europe's vegetable garden we could go a year's worth of rain fell in just 24 hours with disastrous consequences for many farmers and ultimately consumes it was the worst flood in 100 years and the destruction can still be seen
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a week after the storm houses and streets were destroyed. but it affected farmers the most one of them is an tonio paredes. his collie flower was almost ready to harvest and now it's been under water for the past week the floods might be his downfall. if there are many more a month and we're making so little money. we can't go on like this. we're thinking about giving up agriculture i wouldn't a few kilometers away vegetable farmer francisco sanchez looks at the devastation across his artichoke field pieces of asphalt are mixed in with the vegetables. we don't know yet what the total loss is and this is what we need to look at our irrigation systems as the field itself is lost for the next 3 or 4 months you can't plant anything there for now. is
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a fish in to have the farmers association assad listens to the farmers even if the extent of the damage is not yet known the affected area speaks for itself we think $300000.00 hectors in the region were partially or completely lost. the question that many here are asking will climate change cause these storms to happen more often in the future at the university of more c o one goma's the varo knows that rising temperatures play a major role only that of us coming in with a warmer mediterranean you can expect more violent weather phenomena but it's still unknown whether villa kerr more frequently when. the storm was devastating for farmers the representative of the farmers association is now concerned about the storm's effect at the market but we're not getting i'm assuming that 15 to 20 percent of the entire production has been lost. so that up will feel robot. lemons
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for export this company is still in business but the boss knows that many others are suffering from the storm. you know that without that if you can't get to the fields because there are no other water you won't be able to harvest your fruit that's the problem but fortunately we have areas that we can still reach even after a heavy rainfall that's why we've had no problems after the flood of the century business continues even if many fields are still under water. that's it from me on the business as a team here in berlin we have a lot more business news. stories on our website which is of course to slash business also follow us on facebook and twitter for the go here's a quick look up obama has up as a. how
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do people survive in one of the driest places. for thousands of years they used to melt water from the glaciers. but the climate change is forcing people in la got to find other solutions artificial mini glaciers made in winter now supplied the valley with water some. 90 minutes on d w. oh. they like. her . carrying the 639 in the bathtub was that.
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there was that i have an al gore 1st but i have a bunch of us. last night thank you. the. other 9 ers family and warner. was the lead and i will tell you. i was told. that the medical staff. who are in the film i was. aware making a galley of only the galil know what i didn't know and. what i meant was i finished the hour. saying that. you.
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this is news coming to you live from demonstrations in strikes are underway around the globe calling for action on climate change thousands gather in berlin just one of the demonstrations in some 150 countries in london 2 marchers called on world leaders to do more to protect the let me take you inside the protests with our
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correspondents. in berlin chancellor merkel's coalition government makes a breakthrough on a 15000000000 euro package of climate for.

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