Transcripts For DW Business - News 20171008 : comparemela.co

DW Business - News October 8, 2017

Has been desperate. Separation could have tire consequences for the spanish economy without catalonia spain would lose around a fifth of its economic power the Car Manufacturers say outproduce is in catalonia and the region also has a strong chemical and pharmaceutical industry. Invest as a rattles. On the matrix Stock Exchange share prices continue to slide more than three hundred points of shed over the past week. Just over a hundred year and my sense is that this independence attend isnt going down well as the most. Often media but i for one and but in the ninetys your sense and happy nation was how shall i not simply want to ignore any of them come. Independence may not be plain sailing for catalonia is economy if Companies Based that are not facts on the region. This. Anish bank bank based in barcelona and bank have already announced plans to leave. Both are worried about losing access to the euro zone and funds from the European Central bank. German companies with branches in catalonia could also follow suit. There are five hundred of them and theyve been given this advice. Going to expand zones put any potential expansion plans on the move and see bones in this in the coming weeks and for us to see in its own way this one is about to have a few other locations around within the. Person on your own to the markets as dicey and patient been marked to see from cent probably totally missed. The Spanish Government to madrid also knows this on thursday evening they said they want to make it easier for companies to establish new sites in spain. Patients at the European Commission is running thin islands government is in trouble for failing to collect taxes from us giant apple. The e. U. Competition commission announced that brussels will take ireland to court. Than a year ago the commission decision. Requiring ireland to cover up to thirteen billion euros. From apple. However island has still not recovered any money not even in part. Currently appealing the case its all cues that the revenues in question a subject to u. S. Tax rules instead. Meanwhile luxemburg was also singled out by the commissioner on wednesday with the ruling that it has granted Online Shopping giant amazon un to tax benefits for the past eight years leaving around three quarters of its profits on taxed. It was not justified amazon now has to repay a tax benefit worth around two hundred fifty million euro plus interest the commissions position is clear it states that no matter your flag or ownership paying your taxes is part of doing business in the european union. British airline monaco has gone bankrupt following alitalia and len is the third major European Airline to collapse this year. The message came early on monday a shock to many holiday makers over one hundred thousand tourists a stranded many in the mediterranean. The government is vowing to bring them home in what it calls the countrys biggest ever peacetime repatriation we expect the vast vast majority of one hundred ten thousand monarch passengers who are currently on holiday with monarch to come back to carry within the next two weeks that thats exactly what is expected britains fifth Biggest Airline had struggled with losses but hope to turn things around with orders for boeings latest seven three seven planes and a cost cutting program. Bankruptcy remiss world last year but there monaco is able to draw a new line of credit now that its gone so is the airline. With a decision really was a result of continued losses losses been sustained for quite some time forecast to continue mainly as a result of depressed prices in the market overcapacity in the short haul market as many priests have been depressed for some time. Britains transport minister says other airlines have plans to quickly hire a monarch stuff. But thats little consolation for the three hundred thousand people who helped tickets to fly a monarch. They wont be going anywhere. And now an overview of other major topics the federation of German Industries has borne German Companies in britain to prepare for a heartbreaks it not doing so would be quite naive since the negotiations so far have made very little progress. They say to reason mais government lacks a clear policy and if britain leaves the e. U. Without proper plans in place that we devastating consequences for everyone involved britain is germanys biggest european export market for cars b. M. W. Operates many plants in the country. Inflation is again on the rise in turkey state Officials Say the annualized rate rose to eleven point two percent in september and it could climb further according to analysts rising exports and fiscal stimulus a feast of the turkish economy which is lifted Consumer Spending that means upward pressure on the cost of goods president said in a speech the high inflation is a problem and that he expected the central bank to act. A u. S. Senate panel has given the green light for south driving cars the senators have called for uniform nationwide regulations. This new bellwether lao call micahs like General Motors ford and the Google Parent Company alphabet to each cell up to eighty thousand south driving cars every year if that proven to be say. The full senate must take up the bill before it becomes law. Top wall street Bank Goldman Sachs could become the first major firm to start trading in coins big investors have apparently shown a keen interest in the Digital Currency sources say goldman would likely create a team to trade the currencies much as authority trade zeroes and Treasury Bonds such a mean if would be a breakthrough for the cyber currency. Huge quantities of change are no longer in circulation in germany over eleven billion one cent coins have been produced in the country but eighty percent of them by the been hoarded or lost according to the government the two cent coin has seen a similar fate cent coins totaling two hundred twenty Million Euros and no longer being used in transactions and critics say making the coins is a waste of metal five eurozone countries have already scrapped the small coins including italy where all prices around it to the nearest five cents. In iran the overwhelming bulk of freight is transported by road traffic jams a normal especially around the iranian capital the eighteen million residents in the terran metropolitan region on the altar maybe an industry which is based here have a huge appetite for role materials. But reza carry the head of the regions state run railway says theres an alternative hes talking about the eleven thousand kilometers of railway rates that cross around. All goal is to move thirty percent of freight by rail. A long way from the. Moment just over ten percent. If were going to raise that we have to improve all aspects of our rail about her struggle. In african just south of tehran the two most important Railway Lines in the middle east cross each other. One runs from the port of bandar a pass on the persian gulf in the south to azerbaijan in the north the other runs east west from afghanistan to iraq. The swiss trans invest logistics create wants to invest thirty million u. S. Dollars in the next two and a half years to build the countrys most modern freight hub covering an area the size of eighty football fields. We are planning to build dry ports here. Like you come to new york here for the full country you know an m. P. Country near what took the car were moving by proxy no we are planning. The shipment white crane from the species from the band. To pier brought by train because its more economy and that its. More there. To get Long Distance freight moving faster at lower cost reza chicanery sees rail is the only practical solution but he says iran needs european logistical experience to make this happen that experience is being brought in by private investors. But this kind of foreign private investment is a massive help if you will welcome it and would like to see more of it and were trying to remove hurdles so that things can be done. Up until now a print has seen traffic of between six hundred and twelve hundred goods wagons a day when the new Freight Terminals completed she carey is expecting many times that number. Germanys twenty seventeen wind has been praised but harvests a twenty percent lower than usual late frost and some hail storms to blame the. Extreme but Climate Change and extreme weather mean different conditions in individual growing areas with a twenty percent drop across germany doesnt mean everybody juicer was down twenty percent in most of the producers and the regions of reflected differently. But the three largest wine producing areas in the country ryan has the plot to night and bald and each soul drops of about twenty percent from the year before the few gains came mostly from the east. Germanys numbers are comparable to overall declines in europe italy and france are also reporting much lower grade. But the quality of this years grapes is better say the wine makers thanks in part to late september sunshine but business point be easing could be and from between its a big challenge for individual produce and says dont lose money you know question the prize because International Competition is to face for them to raise prices including out of it perhaps their course. Hes still a fan of the twenty seven team by im not so we can review. Those venues and germany is a strong country. That we have achieved so much we can do this and if something him to resign we must overcome it in the. Going where its uncomfortable global news that matters

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