In france ongoing Anti Government protests looks set to harm the economy rallies by the Yellow Vest Movement left destruction in many parts of the country. Cafes and stores were looted many closed for fear of violence to the frustration of tourists and locals. Were only in paris for three days so its such a shame that we couldnt take advantage of that for holiday shopping. I think its a shame for Business Owners because theyre the ones who pay the price i understand that the yellow vests are angry i can respect that. Unfortunately their actions are not responsible given the current economically difficult times. The government says the weeks of protest will cost the French Economy around Two Billion Euros this quarter. I think its very bad news for the French Economy very bad news for Business Owners very bad news for
very small small and medium scale businesses for artists and for all those who are counting on the end of the year sales to bring in higher revenues and maybe to pay their employees better that wont be possible. But. Tourist Attractions Hotels and airlines are also taking a hit since the yellow vests took to the streets four weeks ago many tourists have stayed Home Supply Chains in industry have also been affected president Manuel Mccall made concessions announcing some Wage Increases and tax cuts but many yellow vests plan to continue their protests. British Prime Minister to resign may struggle this week to promote her toughly negotiated brecks it deal she survived a Confidence Vote in her party but in the parliamentary vote on the deal citing insufficient support for it. The country is deeply divided over whether and how to
leave the e. U. Brecks it in whatever form will have a profound effect on businesses like fruit and vegetable supplier not tura the British Company by. Most of its produce from france spain and other e. U. Countries britains looming exit from the bloc brings logistical problems if products take longer to transit or if. There is added bureaucracy in terms of moving product across because were dealing with an incredibly fresh product or every every hour counts it is it is worrying in that respect. Some britain still mind leaving the e. U. Without an agreement and a hard break that others fear the economic consequences. But whatever happens its likely to get turbulent from a european perspective of course it would be best if brics had failed and britain remained in the e. U. But of course the current Divorce Agreement would have to fail too if it does fail
in parliament we dont know what will happen a new referendum which could be good for europe or a hard brecks it which would be very bad it does. The vote on the negotiated breaks a deal is now expected to take place by january twenty first and its anyones guess how it will end. Italys Prime Minister. Offered the European Commission a compromise in the dispute over his countrys Ballooning Budget he proposed a deficit of around two percent of g. D. P. Down from two point four percent. But its not for me to forsee now what the final reaction of the commission will be surely our proposal was judged important and significant we will continue to work i trust for a positive solution. Would like to present a challenge with promised pension and welfare reforms but that something is
government may not be able to finance if brussels insists on Lower Borrowing no room seems to be taking a conciliatory tone to avoid disciplinary action by the e. U. Many italians want to see their government make a deal. Its all very messy but things may be moving maybe a little by little in a strange way will finally become europeans weve tried to form europe for so long even though weve not always been happy with it. But if the Commission Rejects the budget plan and sanctions italy that could trigger new elections next year and that would mean even more insecurity for italy citizens. Its been called white gold and a key resource for the twenty First Century lithium used in batteries for electric cars the Worlds Largest reserves of the element are believed to be in the uni salt
flat in bolivia. Now German Company a. C. I. Systems has formed a partnership with the bolivian state owned company y l b to extract and process it with the support of the German Government you know if everything is going to run on batteries then we want a considerable part of the batteries used in the world to be manufactured in europe in germany and in our partner countries. Bolivia for its part wants to develop its industry and boost employment with the Public Private partnership some Fifteen Companies applied for the deal which has now gone to germany. Germany is a country that has the Necessary Technology and is economically stable within the e. U. Its a country to be taken seriously that can be trusted and thats why a cooperation with a German Company is important for us as a guarantee that this project will be successful. By twenty twenty two the joint
ventures expected to produce forty to Fifty Thousand tonnes of Lithium Hydroxide per year enough for up to a million electric vehicles. A german car maker dime there is planning to buy battery cells worth more than Twenty Billion Euros by twenty thirty the move is part of its efforts to mass produce hybrid and electric vehicles within four years it intends to have One Hundred Thirty mercedes models with electric motors most of them hybrids but ten fully electric the Company Wants to increase its proportion of fully electric vehicles from fifteen to twenty five percent by twenty twenty five including Electric Buses Vans and trucks and the commission on thursday the cities of Paris Brussels and madrid had suit against the planned amendment it would have more than doubled and x. Emissions limits to One Hundred Sixty Eight milligrams per kilometer the ruling could leave drivers of newer diesel cars that exceed the stricter limits barred from european cities with driving bans. China will suspend additional tariffs
targeting u. S. Cars for three months starting next year that would see duties of fifteen percent instead of forty percent the move is seen as a sign of easing Trade Tensions between the Worlds Largest economies earlier us President Donald Trump said he would leave Import Tariffs on chinese products at ten percent until a more permanent settlement is reached. Among one joel chief Financial Officer of chinese telecoms giant Huawei Technologies was granted bail by a court in vancouver ten days after being arrested in canada at the request of us the. Arties she now faces extradition to the u. S. Over allegations that she was involved in violating sanctions on iran. Mung heads a company with One Hundred Eighty Thousand employees and nearly sales of Ninety Billion dollars its one of chinas most successful firms and its a red flag for donald trump so not surprising that many in china see her detention
as politically motivated. I think theres a conspiracy behind this from the u. S. And while way after all five g. Is coming next year it will have a huge influence on the Communications Industry so the u. S. Wants to limit while ways development of the u. S. Has repeatedly accused while way of using its equipment for espionage although the company has always denied the allegations several other countries have said huawei should be excluded from the development of the new high Speed Mobile Network five g. Including britain australia and new zealand germany hasnt followed suit in fact to achieve telecom is relying on hallways involvement because the Network Upgrade would be far more expensive without it. There are concerns that mongst case could be used as a Bargaining Chip in trade negotiations between china and the us president onil trump has said he would intervene in the case if it was in americas interests. European Union Transport ministers want Long Distance truckers to take their mandatory breaks away from their trucks onto a bag has been trucking for twenty four years he seen all of Europe Riding High in forty ton Juggernauts Sleeping and living for weeks at a time in five square meters of cab now hell have to sleep in a hotel. If. They meant just truckers well but they probably havent thought it through where is a driver supposed to stay there are thousands of trucks on the road in germany which have to put in a halt for the drivers to take a break on the weekend. But lack of hotels for drivers is not the only problem the e. U. Wants truckers to be paid local wage rates where theyre driving not the often cheaper rates of their home countries berlin based transport company owner. Calls that unrealistic he has a fleet of twenty drivers. Structures would be helpful to us but it raises the
question of whos going to check up on it which body which authority will be responsible for monitoring all that and a Bag No Drives for and feels the pressure on a daily basis chockablock by midday no chance at all that evening i have to call it a day by midday and then ive got another five hours left. The driver is lucky there is one Parking Space available. Now its time to check his low. Like it or not thats his way of life day in day out with another fifteen years to retirement. And finally this week saw an unusual fashion show in moscow featuring not Luxury Products but cuddly comfortable garments for Cold Winter Nights and the clothes geared to an older clean tell were also showcased by fifty plus models. Cab wrap this is my second time on the catwalk i
participated last year so now im an Experience Model you could say i like it its great for the elderly to. Use isnt everything and it seems the industry is starting to get that more and more Fashion Shows around the world are sending older models on to the catwalk in the end its less about the clothes than about the people wearing them no Consumer Group worldwide spends more money on fashion than women over forty. And that ends our roundup of the weeks business stories. How do you live Sustainable Way discover the bell house you told me about this one starts january thirteenth on t. W. Earths. Home to of species. Words if you can. Get those are big changes and most start with small steps to. Tell stories of creative people and innovative projects around the world. To use the countrys literacy noosed managed to conditions and be forced into. The current interactive Content Teaching next year. The ration of the environmental protection. Isnt all channels available to inspire people to take action and return it to build something new for the next generation the idea is the environment series of global Three Thousand on t. W. And online. Im scared that the work that hard and in the end is a me youre not allowed to stay here anymore we will send you back. Are you
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