Korea focused. Yeah exactly this Interest Rate cut by south korea has been are quite a surprise today experts thought that this would most likely happen later this year we are learning that Interest Rates will be lowered from 1. 75 to a level of only 1. 5 percent this is the 1st time this is happening for since 3 years that the south Korean Central Bank is making a decision like that and it said that they have to decide to do so in order to help the economy to recover a little bit of growth expectations have been declining there and also the inflation rate is lower than expected it is believed that to g. D. P. Growth of south korea will be only effort of a level of 2. 2 percent this will be the slowest growth in the country since more than a decade and south korea is just like germany every export oriented country while this is happening the Monetary Fund the i. M. F. Has one of global trade is slowing it is urging countries to avoid further conflicts and weve got a very interesting statement from the i. M. F. Chief economist lets listen in. This years external sector report shows that the world is doing less business with itself confused with the i. M. F. Chief economist explain. We are seeing Global Growth global trade grew old slow which tells you that this is not just about shifting of trade to different parts of the world but an actual overall reduction in in trade so this is having a fundamental impact on global trade the i. M. F. Points to international hostility as a cause Global Financial leaders have made no secret of the fact the trade war between china and the us is having an impact but i. M. F. Economist Peter Gopinath says the bilateral imposition of tariffs has not had the punitive effect intended instead higher tariffs have been associated with increased prices for consumers and waiting on global trade investment and growth. The report urges countries to avoid further conflict and repeats a familiar refrain that along with a disorderly brags it and school asian and trade tensions remains the main short term risk to the global economy. So daniel its the consumers who are suffering most oh yes absolutely consumers and i guess also traders are paying a very high price at the moment for the trade conflict at prices of many products have been going up because of this reason and at the very end all of this is of course also hurting companies as well we have talked in the last days about dropping car Sales Numbers for example and it seems that the current economical sentiment is not really helpful right now in order to do a big investment then youre back to Interest Rate cuts what about the e. C. B. Whens it going to start making cuts again. Yeah thats the 1000000. 00 euro dollar question at the moment whether it is believed that all of this could happen this fall thats what many analysts are telling us that the e. C. V. Will most likely follow this worldwide trend that we are seeing at the moment but we also know about the e. C. B. You will get a new boss in a few months most likely Christine Lagarde who has already announced her resignation from her current position at the i. M. F. And many believe that she will listen very closely to the needs of southern European Countries which economies are not as strong as for example the one here in germany or when you talk about france for example well with that we could possibly wait even a little bit longer for a change of the Monetary Policy here in the European Union so it will be very interesting in which direction she will be leading the e. C. B. The new hope at frankfurt something strange. Cambodia is taking legal action against the European Union in january it introduced tariffs on cambodian rice to protect e. U. Produces since then farmers have been turning to china say they prefer doing business with europe and. Preparing for the harvest up. In the province of prevent here in cambodia farms are often quite small. Jasmine rightfully pointed on this field. A popular variety among european gouramis. The rice farmers are under contract with the army rice. The Company Offers them financial backing if they could hear to it strict Quality Control standards no artificial fertilisers or chemical pesticides may be used. For many years the prices were very low like that and now. In 2015 we started to grow organic rice and since then we have earned more i hope it will stay that way in the future less than they did. It because the Company Found a hungry market for its rice in europe it even built a modern rice mill for around 9000000. 00 u. S. Dollars but its questionable whether the investment will ever pay off a company boss songs are on must now pay an import duty of 175. 00 euros per tonne of rice sent to the e. U. And suddenly the post tax to somebody and rice is nothing is the same that a policy to what we knew cambodia again tried the promotion of comedy right and try to put blocks from the right to do you much good. Its not its not fair. For many years im rewrites received help from the European Partners for example in the production of organic fertilizers many women are also active in the cultivation of organic rice here and learn the necessary skills in intensive training courses. The Mandela Family since the company came here our Living Conditions have improved. The message used to be the e. U. Market is open and the Sales Opportunities are huge. But since the e. U. Imposed custom duties on rice after pressure from the rice growing countries like italy and spain orders for arm rice have tumbled by 30 percent at the mean time commodity try to find. China. We would like because of. A huge market. Most recently rice and its approximately 4000. 00 contract farmers supplied around 30 percent of the use organic jasmine rice but now facing new trade barriers cambodia is putting up a fight taking the e. U. To court over the import tariffs. Now to some of the other business stories making news the European Union has fined chip maker qualcomm 242000000 euros for what regulators call predatory pricing between 20092011 the charges relate to the sale of chips below cost which the e. U. Says was intended to drive a rival out of the market. Netflix has reported weaker than expected subscriber growth last quarter in total 2700000 new subscribers joined the Service Worldwide while the number of u. S. Subscribers declined slightly analysts blame increased competition in the streaming market from rivals like walt disney and h. B. O. And boeing based online bank n 26. 00 is now germanys highest value startup its raised 419000000. 00 euros in additional funding taking its valuation to 3 and a half 1000000000 euros which is the french capital comes as the company prepares to expand its popular brand of base banking to the United States and brazil. Iran is missing out on the rise of Digital Currencies many people they hope bitcoin could be an antidote to some of the pain caused by the reintroduction of u. S. Sanctions but a recent crackdown on the machines used to mine the crypto currency has exposed a legal gray area. Legal or illegal either way Bitcoin Mining machines are becoming an ever more familiar sites in iran in some cases like here in the market of the province in the northwest entire batches are being seized by the police elsewhere though theres little sign of a crackdown. As the country grapples with renewed economic turmoil people are turning to mining the Digital Currency in the hope of generating an income in a currency they consider less volatile than their own but the practice has exposed a legal gray area. The country has clearly turned into a heaven for bitcoin miners. The business of mining isnt for bitten by the law but the government and central bank have ordered the Customs Bureau to ban the imports of Mining Machines until new regulations are introduced. And its not only the hope of avoiding the worst effects of recency imposed u. S. Sanctions thats making bitcoin attractive in iran mining the Digital Currency requires huge quantities of electricity which the government subsidizes but critics say Bitcoin Mining centers like this one recently uncovered in the city of abuse the system state subsidies being used to make a profit in a decentralized currency a new issue in the debate about the future of money. And its someone bite off more than they could. Invest in tossed wants to list the club had a belly thats according to germanys manager magazine if it had turned over to horse affiliated company 100. 00 would confirm the report last month the Investment Firm bought a 37 and a half percent stake in the cost of 125000000. 00 euros plans to increase investment in players and hence its Digital Strategy and approved the clubs global marketing. I say business. Luck. Of the female. Thanks freedom of movement in the united when youre a homo. Its a reality that affects a number of private citizens and businesses. Want opportunities to europe wide freedom of movement for the benefit of quite the attention for us. 90 minutes on d w. What secrets lie behind these memos. Find out in an immersive experience and explore a fascinating world Cultural Heritage sites. D. W. World heritage 36 getting up now. Every journey begins with the 1st step and every language with the 1st word published a nickel. Recoat is in germany to learn german why not come with him its simple online on your mobile and free to sap d w z learning course nikos fake german from a to z. Im scared that my work thats hard and in the end its a me youre not allowed to stay here anymore we will send you back. Are you familiar with this. With the smugglers would lie and say. Whats your story. Ready with numbers and women especially of victims of violence. Take part and send us your story you are trying in all ways to understand this new culture. Are not of a little or nothing yet you want to become a citizen. In for migrants your platform for reliable information. Out of. This is the deputy whose life or. Lead president trumps racist taunts against 4 minority lawmakers rouse his republican base. I support or shall send her back as he lists the lawmakers names but will trumps riffs on race help to win another term in the whitehouse
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