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tv   Business  Deutsche Welle  October 16, 2019 1:30am-1:46am CEST

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literally. made in germany 60 minutes t.w. . takes personally. with wonderful people and stories make the dream so special. for all true fans oh my. god more than football online. pressure is mounting over turkey's offensive in northern syria economic sanctions against moving large companies such as fox buying all reassessing their business and also coming to the international monetary fund global economic growth at the lowest level since the financial crisis and says the situation is carious there is
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no room for policy mistakes and ecuador is returning to normal after extensive violent protests over the ditching of fuel price subsidies. chris cuomo welcome to the program turkey's invasion in northern syria has shocked leaders in europe and the united states from across the political spectrum u.s. vice president mike pence and secretary of state my pompei o are in turkey on wednesday trying to broker a cease fire the business world is also reacting with a false flag and putting its plans for a new factory in the turkish izmir on hold leaving one and a half 1000000000 euros of investment and thousands of jobs and risk the turkish economy has begun to recover from the last crisis and now even this slight improvement isn't a threat folks august respond to decision on a new plant. prior to the turkish offensive in syria it was virtually
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a done deal and the united states is also making it clear to you that it will hit the economy hard to force president to turn back as we've warned all or our desire is not to shut down the turkish economy our desire is to see appropriate response the sanctions will be very severe on the turkish economy we will continue to ramp up the sanctions at present sanctions will only affect individuals but should the u.s. follow up on those threats the turkish economy could be in a tight spot the mirror which tumbled nearly 30 percent in last year's currency crisis has fallen nearly 5 percent so far this month despite state banks pouring billions into markets to prop it up. for more let's face it over there jose louise doubt on wall street wholesale how much would u.s. sanctions hit the turkish economy. well pretty
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much 0 because analysts here on wall street are already saying that the lead will likely fall sharply against a dollar is specially if sanctions were extended to turkey our banking sector but even in the absence of more sanctions that they will probably continue under pressure as at the global economy and also father let's not forget either that turkey's short term is 10 or deb's are large and its growth as $100.00 financing requirement as a share of a currency reserves is among the highest in the emerging world and hostilities we've heard that sounds like it was putting plans for a factory in turkey on hold how have companies in the us been responding to this political crisis. around you as a company is not a big concern about it does it to asian since i did a deal between the 2 countries was the years of anyway and turkey hardly explored said that much of steel to the us i call you as
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a target scituate only reach around 20000000000 dollars last year with not even 4 percent of turkey's exports a focus on the u.s. market and 5 percent of its imports here from the united states is that said many targets companies omani in foreign currency leaving them born or of all to drop in to turkish lira also lose data in new york thank you. the world economy is facing its weakest growth since the 2008 financial crisis that's according to the international monetary fund which has cut its outlook for this year and next the main reason for the slowdown international trade disputes the i.m.f. is now predicting 3 percent global economic growth for this year down from his previous forecast of 3.2 percent slows expansion and about a decade the i.m.f. also slashes drawls estimates for the eurozone notably dragged down mainly by export powerhouse germany and the world's 2 biggest economies the united states and china also do zing steamy china even predicted to post in snowiest growth rates
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since $990.00. i asked our correspondent pablo foley if the recent phase one trade deal between the u.s. and china was an indicator that leaders were heeding the i.m.f. call to deescalate hi christopher well yeah of course the stuff forget that in the in the past few days of course there has been this we'll say cooling in the tensions between the united states and china they're calling it you know somewhat of a ceasefire or a truce of some sorts but what we saw today here was you know the i.m.f. chief economist woods was very cautious says she said that what we need to do is wait and see exactly what comes out of it but what was a good sign is that of course today you know a round of tyrus against china from the united states were meant to kick in and they of course were suspended and now the next question is what will happen with the next trend of tyrus which are meant to kick in in december but of course in
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november there is the possibility of a meeting between president trump and his chinese counterpart xi jinping and what comes out of that will they sign an agreement will they put an end to this ongoing trade dispute remains unknown and what it appears is that economists are very cautious of what's going to happen in tacoma in the coming weeks and months. and pablo we talk about a growth of 3 percent for the world economy how does that translate into everyday life for you and me. well for you and me of course at the moment it appears that consumer confidence is still quite good at despite this slowdown that we're seeing of course let's not forget that interest rates are quite low and you know if you look at countries that are going to see a slowdown one of being germany and you know it consumer confidence still remains pretty good but once again the i.m.f. is remaining quite cautious and they're going to keep an eye on what happens ime whether consumer confidence is affected and if it is is there going to be
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a slowdown as well in economies is there going to be slowdown in perhaps growth within a connelly's and job growth which of course would have a negative impact on that consumer confidence pablo folios reporting from washington pablo thank you. and now to some of the other global business stories making news times a subsidiary swiss has grounded its needs of 29 airbus a 220 jets for an engine review the move follows a diversion to paris by a swiss $8.00 to $20.00 with a turbine problem the incident is the latest in a series of technical glitches involving new generation pratt and whitney geared toward fan engines at least draft 2020 budget touts tax cuts for middle income earners and cracks down on tax evaders while holding the deficit at the same level as this year at 2.2 percent the budget also scraps a huge sale tax increase which it was feared could push the country into recession
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or to davidson has suspended production of its live wire electric motorcycle which the brand had rolled out as part of a diversification push the decision follows the discovery of a problem with the vehicles battery also it appears buyers of his traditional motorbikes weren't interested in an electric version of their favor. surging power prices caused by a widespread outbreak of swine fever have driven up china's inflation to 3 percent in september the price of pork rose 70 percent beijing has released 4 supplies from its central reserves to stabilize prices and raised import quota us from the united states live returned to normal in ecuador on tuesday after 11 days of violent protests forced the government to revoke a rise in fuel prices president what i know had announced a reinstatement of a 40 year old subsidies which had been scrapped as part of an austerity the package
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agreed with the international monetary fund ecuador's economic outlook however remains challenging as years of populist rule and a drop in oil prices have left it with a public that while half as big as the country's entire economic output. brief wait to fill the tank won't make seem to be normal in most cities around the world is something unusual for many in the it could dorian capital quito especially when it comes to the prices. for 11 days the country was completely paralyzed by protests against cuts to fuel subsidies and the resulting leap in the cost of petrol. the import of 60 percent of ecuadorian people are extremely poor so who would be affected by these feelings creases of course the people of ecuador not important business men. who are against rich left against right the protests or numerous clashes between demonstrators and security forces at
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least 6 people died in the violence and over 500 were injured. the international monetary fund had insisted the government council feel subsidies as part of its attempt to balance the budget that turned ecuadorians dissatisfaction with their leaders into outrage. people have not seen a single penny. but nonetheless their governments have taken out a 1000000 loans. people don't see these loans. those are annoyances. you can't see the current government with so many loans building roads hi joy electric power building schools colleges everything's just blah blah blah blah blah blah blah. the reinstatement of field subsidies is also being seen as a victory for indigenous people they often have very little money and the huge jump in fuel prices also led to
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a huge hike in the price of their bus tickets. and for those who are like the high tech toys google has unveiled its next generation of smartphones besides standard upgrades the new pixel handsets feature a radar sensor which allows users to issue commands with hand gestures pixel for phones come in to size alongside to google's 1st moderately priced laptop but tech analysts say the phone fails to set a solid enough apart from his rivals and either features or process. and that's thanks for watching.
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oh.
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after the. loss of my night job. the power of sports. where i come from i never saw the sun where it did. have gone up in brazil the sun was always a man since the portuguese word for sun it's masculine when i moved to germany as a 10 year old i want to come to him on t.v. and that would change how i see the world because into a month in the sun his family. came in now but the side of a girl is so immersed i responded tail instead of
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a deep voice extra when the guy seemed absolutely incredible. i realised how language shapes the thinking how definitions far not only a mental image just cut a whole perception of the world. is inside save my life and was one of the reasons i became a journalist i'm a storyteller and i use my words to. intercultural understanding my name is and i work it out. and welcome to news from the world of arts and culture this is what's coming up today i'll be joined here in the studio by the world famous author of the swarm frank should sing who's turned his attention to music. the city of baghdad in norway is
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a literary hub for all sorts of strange reasons we'll find out about. frank said seeing is best known internationally for his science fiction novel the swarm where nature starts punishing humanity for its misdeeds 1st published 15 years ago it now seems rather prophetic when you look at the current situation with climate change however right now frank said singh has put down the pen picked up the guitar and has abuse it project called taxi galaxy tell me why after this. function the scene in his element on stage in front of an audience he likes to entertain but also to shake people up in 2009 the author presented his thriller limit it's a mix of science fiction crime story and science like his most popular novel the swarm published in 2004 the bestseller about a threat from the depths of the ocean has been translated into 27 lang.

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