A European Mission so there is some speculation here in berlin the germany might take over the reconnaissance flights given given such European Mission will be mandated by the board to stock the u. S. Is really upping the pressure on germany to dissipate in it Naval Mission there in the gulf the the u. S. Ambassador to germany Richard Grinnell coming out very strongly in an editorial saying germany needs to take on more International Responsibility but germanys foreign minister says that diplomacy is is probably is a priority for this country and he doesnt want to jeopardize that how is this diplomatic track working out well its not only germany its germany together with france and the u. K. And these 3 european powers want to keep at any price the nuclear deal with iran the German Government sees that as a huge political mistake that u. S. President trump has you need literally pulled out of put on. That Nuclear Agreement so if the us no asked germany to join a Naval Mission there are doubts there are questions raised here in germany to what end such a mission will be accomplished if germany perhaps might sleep walking into a wall with iran to jump deescalation and try to negotiate try to keep the nuclear deal percent thank you so much. Correspondent dealing with international and security affairs. Now some of the other stories making headlines around the world today u. S. Federal reserve has cut Interest Rates for the 1st time in over a decade fed chairmans room powell said the quarter of a percent reduction was to protect against uncertainty in the Global Economy but President Trump who wants bigger cuts says the fed is letting the u. S. Down there was koreas official News Agency Says the country has tested a new multiple Rocket Launcher system capable of striking targets in south korea leader kim jong un supervised the test firing britain germany and france about the u. S. Security council to respond to north koreas latest missile launches. U. S. Officials have told American Media outlets that bin ladin the son of slain al qaeda leader Osama Bin Laden is dead it was considered to be the successor to lead the terrorist group have repeatedly threatened to attack the u. S. Which had a 1000000. 00 bounty on his head. The governor of the u. S. Territory of proto reka ricardo resell is due to have resigned to morrow following massive protests as many as 500000 people have taken to the streets in recent weeks protesters are angry about corruption and mismanagement of the economy and the response from recent hurricane the final straw appears to have been a leaked shot laced with obscenity is in which the governor and his advisors make abusive comments about women you gay people of victims of the hurricane among those calling on the governor to step down are musicians. And went to puerto rico to meet some of them. Hes well known for his hard hitting political and p. J. Since allen one of the artists who have conspired to protest in puerto rico he says he is called to be a part of the most. Active with this concert we wanted to celebrate the song the fact that we kicked the government out of office in only 12 days but i also want to motivate people to continue to fight and to protest look how many came here today. Were he words on his lyrics lyrics that have a reputation as the 1st to tie artist pjs into alice says he writes about whats happening and what affects him right now its puerto rico its political crisis and the anger of the people caused by a Corruption Scandal and Text Messages in which girls on the right say you disparaged ordinary citizens as well as political. Look at all the messages in the phone. And when they you were king came he made fun of. Community he did so many things wrong and he was very civil for everybody to so to like get the message this guys wrong hes got to get out one of the people targeted by the governor was interest. He tells me he was angry but not surprised to find his name in the leaked text message just because hes always been critical of the administration but he didnt anticipate the consequences yet they may have been going to want to go quote im very proud of what happened and really surprised by the extent of the civil commitment and here in the proto recourse for the most part or all the passive country. My your mentor but we do not take to the streets easily. And if we do the protests are small because you can always see the same people and groups you know my persona is a party bondo. Prout but also worry thats real change the fact that so many french and region seem to feel since governor say you know announced that he will step down thats why there are still protests taking place when you gather and there will soon be moving into this mention right behind me but the political crisis in puerto rico is far from over and the streets of san juan proud to say they want to continue their fight and they are hopeful that soon no later they will get their leaders they believe they deserve. The double years of xander phenomenon there reporting well turkey is home to more than 3 and a half 1000000 Syrian Refugees its the largest such population in the world some of them have been there for years having pleather countries ruin his civil war but turkeys economic woes are turning Public Opinion against syrians seeking shelter some say theyre being tricked or forced into going back despite the ongoing danger in their former home. Their destination is no one their fate is not the syrians are among the thousands reportedly being expelled from turkey theyre being bused across the border to a country they hardly recognize. While im about i dont know what im going to do i fit in turkey for 7 years i dont know anything anymore about syria ill have to start again from scratch. These syrians used to live and work in turkey awaiting residence permits in the past weeks turkish authorities have rounded up thousands of unregistered migrants it says they are being moved to camps within turkey and that those returning to syria are doing so voluntarily not so say summer attorneys. They lied to us when they told us to sign a document to get papers we trust and resigned to get papers but the next morning they put us on a bus around 35 people and they sent us back to syria. Yeah some in turkey attorney against the 3600000 syrians in the country like these nationalists violently disrupting a pro migrant rally in istanbul last week. That others still have sympathy for those with no safe home to return to. In syria the tragedy is continuing right now the occupation destruction barrel bombs are continuing what has changed in syria that justifies their return. And this is what awaits some bombing has intensified in it live the last rebel held region in syria the u. N. Says thousands of civilians are attempting to flee north to turkey. Even as many are being sent back. The recent womens world cup helped bring womens football to a wider audience but despite the tournaments success getting involved in the game is still a struggle for many women around the globe discover football it hopes to change that is an official media partner for this event which aims to help women join the beautiful game. Any libyan pay in her element back in south africa shes a referee in the Mens Division a job where she comes up against a lot of resistance but she says thats made her stronger. I believe that this woman i am today because of football. In berlin shes running the line at the opening match of discover football an International Womens football festival for most of those taking part so ball is much more than just a sport. Without football maybe i could be off on this feet filling my body and which will end up being. Affected from a t. V. And a. The Award Winning festival is now in its 10th year in that time womens football has undergone some big changes in many countries such as pakistan. Parents of younger girls want them to be involved in recreational sport which is very new in our country often it was there was a heavy focus on i could. Get good grades you know get married you know and life will go on in that cycle however there are still countries where women in sports have to battle for acceptance when i was in the university my friends and even my exboyfriend who was saying that. Theyre me or. Im just like ok you can go and me i would be with them because i know what would give me because i love food but i need live a pay has shown courage to take on the toughest job on the pitch in mens football she says its given her confidence in herself. Being a real thing. So i am one person that i believe i am a leader the people behind discovered football hope the support of institutions like the United Nations and d w can help them continue to break down barry is. And one of the women you just saw there in that report is with us here in the studio must hussein from pakistan michelle great to have you with us thank you i know youve spent a lot of time in canada when you were growing up but now your intact is stand back in pakistan working as a coach for Girls Football teams there what are some of the main challenges you face in your work as a football coach in pakistan. Well so i think the challenge is really i mean there are challenges like the ones i face everyone i learned this recently but basically we have. The challenges stem from. You know sport versus academia or just the just basically permission to play sport versus lets say doing other things and then when you were going to different socioeconomic backgrounds sport the opportunity cost of playing a sport or indulging in what people consider a luxury is that oh well you could be working instead or you should be helping around the house instead or just playing outside is not something. Traditionally girls might do so when you encounter critics of women playing football how do you how do you go about explaining why pakistan needs womens football so its a good question and leads to think a really big answer which is that its you know the critics dont have an issue with specifically football. Its and some some of them might but most people have would take issue with you know is this something you really want to spend your time doing because what are the Career Options or is this something want to be doing after school when you could be studying or is this something you want to even put in school when we can focus you know on on a good academic subjects and so the need for the need for physical wellbeing as part of your education is still its new its nascent its its almost in most Public Schools this is not something that girls are afforded so. Football happens to be a very Inclusive Sport and its the its a team sport multiple people can play dont need a lot to play it. Its one of those things that gets people involved in the game and they experience the joy of playing and so the critics often are you know its not your traditional critic where you might be like oh its not. Just for women it might be a school saying ah but we could just focus on academia so if you focus on the values of teamwork and fair play and a level Playing Field all that thats thats important course now youre just getting in this discover football festival here in berlin do you think events like that can help raise the profile of womens football. Yes for sure so that i think the best thing about a festival like this the fact that its international is that they they invite they try to invite people who work in Community Based projects maybe not Large Organizations some of them might be but the beauty of it is that when we are working and working with people who are Community Community projects realize that you know there are more people out there like them situations and context might be different but the same struggles the same problems as them challenges the same barriers and suddenly you dont feel so alone in your work and. Thank you so much womens football coach muscle hussein for pakistan. Just reminder the top story were following for you here today on g. W. News in the United States Democratic Party candidates have again clashed in a televised debate as the Party Decides who will take on donald trump in the 2020 president ial election candidates disagreed on issues from immigration to Climate Change and health care and of course how to keep republicans. Youre watching news from berlin still to come markets are down following the u. S. Fed decision to cut Interest Rates for the 1st time in more than a decade investors are asking why the u. S. Economy would need cheaper money if the economy is booming. All thats in much more coming up in d. W. Business with monika joins us in just 20 minutes time im terry marsh and youre watching t. V. News corso fun over stories on one of the w dot com thanks for being with us. Explain. To. You. Economies cant function properly even in times of demand without skilled workers. With inadequate housing. With food shortages. Scarcity is increasingly making things difficult for companies and entire economy whats causing this and what can be done to combat the problem. In 60 minutes on d w. Quiet melody rizzos mongoloid of the mood. Ready risen and when it saw. The mind and the music. Told them 1st bond 2019 from september 6th to september 29th. The world a student or a soon. Norse catastrophe a lot of problems. The global 3000 talks with team of british researchers to take a more optimistic view. The world is not always a good plan but its not like paranoia. Is the world really Getting Better and. Much of a global 3000. 00 special reports. Starts aug 19th on digital. As expected the us fed cuts Interest Rates but leaves many of scratching their heads if the u. S. Economy is booming why the need for even cheaper money we talked to one of europes top chief economist. Also coming up a British Companies face a nightmare scenario as the countrys government sets aside another 2000000000 pounds to prepare for a no deal bricks and. Welcome to the business i wanted to jones in berlin good to have you with us asia in the stocks are down today tracking losses on wall street after the u. S. Federal reserve cut Interest Rates a quarter percentage point to shore up the economy. Against risks including trade friction a while command and until markets had widely expected the fed to reduce its key overnight lending rate by 25. 00 basis points to a target range of 2 percent to 2. 25 percent many traders had looked for clearer confirmation of more rate cuts from its chief Jerome Powell the dollar rose to a 2 year peak against the euro and jumped to a 2 month high versus the yen. Now this was the 1st rate cutting almost 11 years now that was december 2008 on the tail end of the Federal Reserve efforts to support Financial Markets during the recession rates have only gone up since then in line with a recovering and eventually booming American Economy compare that to the European Central bank where the deposit rate has long been below 0 and where policy makers are still cutting thats put even more pressure on the fed as rate cuts devalued the euro against the dollar affecting trade balances all the fed it seems is sitting between a rock and a hard to share its hard to deliver while not rocking the boat. To reimpose delivery of the news was in line with the dry and factual tone fed chairman have always displayed but there was an underlying note of caution has he explained the committees decision to cut the benchmark rate well the 1st time in over a decade of a percentage point it is intended to insure against Downside Risks from weak Global Growth and trade policy uncertainty to help offset the effects these factors are currently having on the economy and to promote a faster return of inflation to our symmetric 2 percent objective. That trade policy uncertainty can be partly put down to the us president s own going fights with china the e. U. And even his north american neighbors there was no direct criticism of the president s policies from the chair of the independent Federal Reserve even if President Trump has himself unrelentingly attacked the feds policies demanding large rate cuts overarching goal the fed has left the door open for further reductions but Jerome Powell says this is not the start of a sustained programme of cuts wall street appeared unimpressed markets suffered their biggest daily drops since may now the new u. S. President on a tramp has repeatedly pushed for a larger Interest Rate cut and he quickly reacted to last nights fed decision in a tweet he said that fed chairman john powell had let him down he said quote what the market wanted to hear from jay powell and the Federal Reserve was that this was the beginning of a lengthy and aggressive rate cutting cycle which would keep pace with china the European Union and other countries around the world so did the fed led people down lets ask kasten jet ski chief economist at germany and he joins us in frankly good to have you with us what is clearly i mean nobody expected donald trump to be satisfied with the feds decision but from your point of view was the fed too cautious perhaps. No i dont think the view of the fed actually didnt didnt let anyone down to the fed to stroke a very nice balance between not panicking and if the same time delivering this to this present tory for a straight cut as this is what they said there is no need for the us economy right now to engage in a long series of rate cuts this was a very preventer a 1st rate because just to so to show that they stand ready to act if more was needed ok so it was like sort of a sign was still alive we could still act if we want to but dont drop the boat too much unfortunately so the decision on the comments that followed boosted the u. S. Dollar and thats certainly something that donald trump doesnt like at all no definite it was something that donald trump does not view like i think he has voiced this already quite quite quite some time but i think you know listen what what is the fed supposed to do the fed is looking at an economy which is running at full employment it is looking at an economy which is in the 10th or 11th year of a very strong cyclical expansion so why should the fed now really engage in a series of rate cuts for they should they show they stand ready and if its not the task off the fed actually to engage in some kind of currency war so therefore i think you know listen i think we should not take all of mr trumps tweet seriously but what does this mean then on the other side of the atlantic good does it give the eurozone an edge certainly when it comes to exports and trade. I think what we do see right now in markets already since the start of the year that kind of prevented preventers 1st steps by Central Banks trying to stay ahead of the curve has become fashionable these are the buzz words of this year and we know already from the European Central bank from mario drug that they are also preparing new Monetary Policy action which will then probably come in in september so probably in my view with a rate cut from the e. C. B. And maybe even a restart of the q. E. Program so what we will see is that actually the euro dollar the Exchange Rate will continue to fluctuate around its current levels we will not see strong movements in either direction so which means we still have in from the european side we still have a relatively weak currency which is good for exports but dont expect any shift in either direction. That chief economist into germany thank you so much. And now to some of the other Global Business stories making the news. Brazils economic minister paolo greatest says his country has officially started negotiations to go she ating a trade agreement with the United States where the says the deal will be compatible with a trade pact recently made with the European Union. I mean the ongoing trade spat between washington and beijing the prosecutors have accused you a song a chinese metals magnate of evading almost 2000000000. 00 in tariffs thats according to a federal indictment filed in los angeles the billionaire has denied any wrongdoing. The dutch need to trade a suspected to be the kingpin of europes 2013 horsemeat scandal has been arrested at a spanish seaside resort young fossett was detained at the request of french authorities they say fozzie made millions by selling cheap horse meat as more expensive meat or beef. German industrial giants siemens has reported a 6 percent drop in net profits saying trading conditions are getting harder and at a profit is down to 1140000000 euros for the last quarter but despite a significantly weakened vironment in key markets the company is confirming its outlook for the via siemens is one of europes biggest industrial firms it makes a range of products from trains to wind turbines. And for more lets bring in our Financial Market correspondent Ashutosh Pandey in frankfurt to ask it has a 6 percent drop in quarterly net profit but a stable outlook for the year simmons seems to have it all under control does it. Well money got just about the investors are certainly not pleased to read the profit miss and also the challenging outlook and thats where he expects to open down 2 percent they have actually given quite a Bleak Outlook in terms of how the challenges are going to become even worse for them i mean they have cited late is going to be more challenging to achieve our expectations of you and moderate Revenue Growth and theyve mentioned things like geopolitics gioconda mix and how it was they were harming and otherwise positive investment environment thats of course alluding to the tensions between the u. S. And china key markets for us and also the ensuing slowdown and uncertainty thats thats certainly going to be a concern for siemens Going Forward all right ash it is pounded they are reporting from frankfurt and will catch up with you in a short while to see how markets there react to the fed decision there thank you so much for now. Its barely a week since the conservative Party Leader Boris johnson became british Prime Minister and the fear is already mounting with his strategy of threatening a no deal breaks it lead to just that as opposed to the better deal he says he seeks for businesses thats the nightmare scenario more are now preparing for the west. Right now the opel plant in ellis near port is closed for a summer break but soon it might be shut for good leaving over 1000. 00 people out of a job the astra would not be a true bridge any longer getting made elsewhere in Europe John Cooper has been working here for 40 years he worries about bricks and the plants future we export a cheaper sense of what we build here to try to 4 countries in europe all of them called trees in the European Union it would be a disaster that Opel Vauxhall adeles ripple of about a factor in general in london no one seems to care. Its not whats best for the u. K. Its whats best for the cities within the. Far in the north of the country in scotland they seem to agree the new tory Prime Minister Boris Johnson was not particularly welcome the leader of the Scottish Government set scotland could leave the u. K. In the event of a no deal bracks it Boris Johnson seemed im concerned by the worries of the scots or the problems of the auto industry. It is a sector facing difficulties but barrymore it just in the last few weeks youve seen Big Investments coming into talks would you like me going to be built by b. M. W. A new electric vehicle to be built a 1000000000 pound investment by. We will do absent everything we can to address the issues of just in time supply chains but we are going to go ahead and come out of the e. U. And thank you. Johnson seems more than willing to oversee a no deal breaks it even though the British Chamber of commerce sees that as a worst case scenario. Johnson says the industry is warning so overblown many voters in port agree even those who might soon lose their jobs that. Many here would vote for breaks and again like luis with b. Who barely manages to pay their rent for her beauty parlor. Very hard to change and we will see. Me on the hardware. The beginning. When he went off to bed. She might be in for a rude awakening. Thats the business thanks for watching
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