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tv   Business  Deutsche Welle  September 12, 2019 11:15pm-11:31pm CEST

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you're watching e.w. news coming up next. business news argentina's economic crisis worsening and now opposition politicians and members of the church want parliament to issue a food emergency wall. up next with that story and more. of that. coming. from the detention of the famous naturalist and explorer. to celebrate comics on the phone books from 250. marking on the for you to discovery. expedition in boys. and i'm going to go to a brand new delusion but in this book it's personal device and it's about topics
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that affect us hold water pollution climate change and the returns. for the present check out. the truth. mario draghi departs with a bang the president of the european central bank announcing another stimulus package right before the end of his tenure really be enough to deal with the most life outside factors that are half bring the euro zone's economy also coming up as argentina's economic crisis deepens politicians and members of the church want parliament to issue a food emergency law and germany's flagship car show faces an existential crisis perhaps this was the last fall. i'm
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a sitting chancellor open the frankfurt book. because of the program the european central bank has unveiled a fresh stimulus plan aimed at boosting the eurozone economy among the measures are the reintroduction of a bond buying program and another cut in interest rates pushing borrowing costs further into negative territory the move is part of efforts to get inflation to just under 2 percent the level experts believe reflects the right amount of momentum in an economy the z b is ready to do whatever it takes to preserve the euro. thoros with the words to try and convince global financial markets that the eurozone common currency is here to stay druggie then began doing whatever it took to get the ailing euro on the road to recovery after it came close to collapse in the wake of the greek debt crisis. as italy's former central bank
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chief took over the e.c.b. in november 20th 11 economists and the media were skeptical the global financial crisis was still reverberating through markets and eurozone member greece was close to economic collapse but turkey didn't hesitate he set about encouraging lending within the eurozone with a string of rate cuts in march 26th seen they reached a historic low of 0 percent he's even handing on negative interest rates to his successor christine legarde something once considered thinkable the e.c.b. also bought 2.6 trillion euros of sovereign bonds from financially weaken member states and later private company bonds the cash injection saw the eurozone economy pick up speed again and unemployment reseed critics say asset purchases are a form of borrowing against future generations but doing whatever it takes to put an end to the eurozone crisis and also put a swift end to speculative financial market bets against the euro aimed at causing
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its collapse. was over to wall street now and our correspondent yen scored against the people there think the e.c.v. east decision is the right one in order to deal with these largely outside factors that are hampering. yeah interest rates in the euro already had been negative now they are a bit more in negative fent yes that's the big debate over here if that's really going to work the trick to get the european economy going once again but also this very aggressive step to relaunch a bond buying program that was a bit of a surprise so who knows if that's really going to help one of the factors so why all those negative rates have not really increased them growth so much is that their companies for example do not necessarily use the cheap money to invest but to
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buy back their own stocks for example. thanks for now but do stay right there because these movies move has sparked fury in the white house president trump tweeting they are trying and succeeding in depreciating the euro against the very strong dollar hurty u.s. exports and the fed sits and sits and says they get paid to borrow money while we are paying interest yes back to you on wall street the fed has to decide on its monetary policy next week a cut in interest rates is very likely thanks to mr trump's interventions or what exactly is assessed. well officially nobody says that the federal reserve reacting to the harsh words from u.s. president donald trump him at all by the way on wednesday he did call the members of the federal reserve a bonehead but it seems to be a certainty that interest rates will be cut next week when stay very likely by 25
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basis points we see hardly any inflation here in the united states and we do see some signs of economic growth especially in the manufacturing area and that's why the probability is basically at 100 percent that the fed is going to cut rates 2 and scored in new york thank you. u.s. soybean farmers are among those hardest hit by the u.s. trying to trade war as china is hitting their products with hefty retaliatory terrorist among those profiting from the ongoing dispute are soybean farmers in crushers in argentina for the 1st time in decades they'll soon be allowed to export to china. what china has been the top fire of wrought in time soybeans it has long resisted opening up to soil meal and tinian industry insiders say the u.s. china trade war helped make argentine saw e-mail exports more alluring as beijing diversify as it supplies and lets washington know it has other options. and uses
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russian seen as the largest exporter of soy in the world and china is the largest consumer the signing of this protocol establishes a solid and legal basis for the conversion of these 2 huge markets i hope the 1st shipment of argentine soil to china will come shortly night. the pact came faster than many expected and it means argentina could export 31000000 tonnes of soy milk from this year's late harvest though the amount china will take still depends on demand linked to swine flu currently hitting the country's hold her. meanwhile argentina's economy continues to tumble and that severely impacting people's everyday lives more than a 3rd of the population live below the poverty line now and malnutrition on children is on the rise now the country's opposition parties and the catholic church want parliament introduce a food emergency law u.w.
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correspondent. reports. 60 year old housewife elba galarza lives in a hut without running water in the city of science pena in the northern argentinean province of choco. she has 11 children to live with her and there's also her 4 year old grandson benjamin he is recovering from severe malnutrition. he said often it is very difficult to buy the things you need. she needs between 4 and 5 euros for their daily food needs she says the money comes from her children's allowance her daughter's disability pension and the wages her son earns whenever he can pick up work but there is often not enough money. and yes my son does odd jobs and gets paid in the afternoon sometimes we have money but sometimes we don't elder brings a grandchild to the conan
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a center for children's nutrition it provides help with food and medical care having a peralta heads the institute he says cases of malnutrition are getting more serious since the economic crisis. over the past year we've had 6 cases of severe malnutrition and about 15 moderate cases we already have a larger number of children with these diagnoses this year. argentina's inflation rate is running at 55 percent and unemployment is high the poverty rate is now at 35 percent so the winner of the october presidential election will have to shoulder the burden of boosting the economy. so general google says it has agreed to pay nearly $1000000000.00 euros to settle litigation with french tax authorities the deal includes a $500000000.00 euro fine that ends an investigation by the french finance minister authorities were looking into whether google redirects the profits from the french market to ireland more taxes and more experts say the deal could set
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a precedence for other tech giants. now it's been a long way from the 8 car exhibit in berlin back an 897 to the frankfurt motor show today one of the most important auto industry events of the world german chancellor merkel has officially opened this year's show themed driving tomorrow and indeed it showcases all the shiny visions of next generation mobility but for germany's carmakers there is plenty of reason to doubt that future correspondent gentle to milan reports from frankfurt. outside the grounds of the frankfurt motor show protesters carry signs calling for the band of the so and petrol engines they're criticizing the car industry for their role in the climate crisis inside german chancellor angela merkel opened the show with a reminder to car makers of the cost of past mistakes specifically the emissions sheeting scandal that saw an entire industry sell cars they said were less
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polluting than they actually were. the problem of illegal defeat devices the one that led to a loss of trust weighs heavily on midst a period of great change. therefore it's only right and important for the sector to show it can be relied upon. that's why the cars shown to her and her traditional walkabout focus heavily on the emissions technology like all my children. but this giant multi-billion euro push into the future may be too little too late and the showcase of it obsolete. this could be the last time a sitting chancellor opens the frankfurt motor show at least in its current form the show is experiencing an existential crisis akin to the one the auto industry itself is facing automakers are called upon to justify their place in the world amid ever worsening environmental crises i made souring public opinion at
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a time where the economies of their key markets are spidering like say china or incidentally like germany bad news for a sector that produces the country's most lucrative export and employs more than 800000 people and these gleaming new offerings of germany's prized industry may find their way into fewer and fewer garages further slowing down a change of course for carmakers. program and for many of the entire teams thanks for watching and have yourself a success. into
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the conflict zone with tim sebastian seriously it's still all about bricks 1st johnson has shut down the fractious and i agree column of my guest to this week you sound your bridges conservative m.p. and leading critics it supports the flu virus john so malcolm fave the loaf of condiments was put in front of him so for 60 minutes to go from. india.
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how can a country's economy grow coming to its people plant. when there are do workers who look at the bigger picture. india a country that faces many challenges the facts and people are striving to create a sustainable future clip of projects from europe and cokie cokie india on g.w. . and gemini live. at any time. claims the names. like the cost. to sing along to see this to come from soup listen. to the. interactive exercises. everything is online and interactive then jem into 350 w.
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i. am not proud they will not succeed in defining the subtle not succeed in taking the people off the streets because we're tired of this dictatorship. taking the stand global news that matters. made for minds of. those news africa coming up on the program touchdown to on sets in the future the best nigerians are i've bought from south africa as the estates in the. box what. i have to offer that. also on the program where will you be buried while means i'm probably more on the off form our president has followed me on the government's all it's full of a few no plans. this has. nothing to be unique.

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