Transcripts For DW Business 20240714

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business 1st italy now greece is on a collision course with the european union over its budget but using sworn in government in athens says it will stick to its campaign promise of tax relief but that could mean breaking the truck budget conditions imposed as part of the country's rescue program. it's a comeback 1st center right new democracy. it's election promises got the party the votes it needed the new cabinet says it's ready to get to work. we would go ahead with relieving the tax burden on households and businesses we will promote production productivity competitiveness quality at up to belittle and an outward looking approach of our economy. the new government says it wants growth and it needs investors to help with that that's why it's planning to reduce taxes for businesses and ordinary people but while its plan may have found success in greece the new administration in athens still needs to convince brussels the greek government has to maintain a low budget deficit to hold up its end of the bailout exit agreement with the e.u. if lower taxes reduce government revenue athens could see its deathbird rise and that's something brussels doesn't want. it so to our financial correspondent about this in frankfurt it's only how the financial markets reacting to this new government. well the government does being received favorably already when there was a change in government being signaled for example by the european parliament election the athens stock index went further up since the beginning of the here hold on to your hat it's gone up by 40 percent that's about double what the dax did in a very favorable economic environment here in germany in the center of europe and much more than the dow and when you look at the debt side greek debt 10 year debt there the yield dropped to an all time low at just over 2 percent in an all time low in bonds is good news because that means that the demand is high so the financial markets are giving it an ok but economists warn one from the come out spunk for example that it doesn't seem likely with the economic foundation there the financial foundation that the greek government will be able to make good on its promises but the years of hardship would you say it's time for tax relief for the greats. i think for the people yes they would welcome that but you know the austerity it was. had people pay a high price and it's been successful i mean the debt has been monitoring all of the country has come back the stock market has come back if you will and if now you start spending again and if you lower the taxes and growth doesn't come money doesn't come rolling and you need to apply new debt then you risk losing what what you've gained and you probably have to go for a bailout again perhaps not probably but there is that risk and look at trump in the united states major tax relief there in a very favorable economic climate but already people are talking of an economy in trouble about a year after those tax relief measures were enacted so. you know look at greece it's questionable whether lower taxes will indeed help and just briefly you see this fight being set up with brussels it. yes that's likely and you know with italy and greece now fighting brussels they can sort of point to one another and say hey we're not alone brussels rethink your position. thank you very much now to some of the other stories making business news president richard tell you a bit one says the nation's central bank needs complete reform the institutions had been run on the weekend weekend the concerns about the independence of took his money tree policy. monaco has become the 1st country in europe to start operating next generation mobile phone networks with the help of wild ways 5 g. technology the way seize the chinese giant is a security threat warning the take could be used to funnel information to beijing. has launched its 1st helicopter service in new york will shuttle passengers from j.f.k. airport to manhattan the 8 minute ride will cost around $200.00. qatar's had a couple years now to come up with creative ways of getting around it bothered by its neighbors the state's always been reliant on imports but its diplomatic isolation has forced it to become more self-sufficient with some outside help from europe and china. factory farming made in qatar or wide asylum who are is proudly presents his poultry empire the process from egg to package chicken takes just 30 days. 1.2000000 birds are packed in here in clinically clean rooms cool to 28 degrees celsius using technology from germany and italy not much is left to chance here. the former bookseller now makes 100000000 euros in sales but he's setting his sights higher still. how to let the most of them are we want to be playing i to i with the developed nations. you've seen the modern technology we use here with you and it will help us to ultimately catch up with the others. and there's a spirit of optimism in cutter. another g d the cut out of the capital doha 2 years after the start of the air land and sea blockade the embargo is imposed by qatar is neighbors saudi arabia the united arab emirates behind and egypt they accused the gas rich emirate of supporting terrorism but the move was also seen as an attempt to force a competitor to its knees the qatari emir called for self-sufficiency ramped up domestic food production so that alternative supply routes and would foreign investment now the stock market has recovered exports are up the economy is growing . but it wasn't easy for everyone with the blockade recycling company elite lost its markets overnight cutter's biggest paper recycling business was close to ruin. and its owner eco entrepreneur abdulla olds who id face the end of a dream. the 24 year old restructured the company and cut costs. he collected waste paper from schools and ministries and recycled it using chinese machines and cheap electricity. now his paper products sell in oman bangladesh and china 4 times as much as before the embargo. it's a week of call and it's time to tell everyone that you need to depend on yourself and do something for your country and don't. wait for someone else to do something for you. so why the oku ari's poultry farm is running like clockwork every day 25000 chickens are slaughtered packaged and sold compared to 5000 before the blockade and the business is set to expand in the near future. its owner acknowledges that he has benefited from the blockade as has the tiny emirate as a whole for alcoa ari at least there's no turning back now. as the world's top 2 economies resumed trade talks this week the united states expects china through stop buying more american agricultural products again at any purchases would be piecemeal at no time lines been set for us in new supply and has stepped in to fill the void created by the tariff dispute brazil a setback for u.s. farmers a boon for the brazilians who've also found friends in europe. this is the economic heart of brazil the serato is a huge tropical savanna that has become a center of soybean production the protein rich beem has made fabricio rosa a rich man he says soil is a blessing for brazil. was achieve one 3rd of our exports is so a. that shows that saw it has a very positive socio economic impact. even feeding entire populations on other continents. now that the e.u. and macro sort of finalize the trade deal the european continent is a prime market the farming entrepreneur wants to ramp up production. here in brazil we have another 50000000 hectares of land where we want to cultivate soy and other plants we could double our soybean crop from 120000000 tonnes today to 240000000. but that will happen at the expense of the environment deforestation in brazil is already on the rise especially because so much pasture land is needed for brazil's biggest exports cheap beef sugar and genetically modified soil which is in great demand as animal fodder in europe the idea of the e.u. agreeing to a free trade zone with brazil's extreme right wing presidential year ball scenario has angered environmentalists of the finnish. i think this is a really miserable deal because in these negotiations the european union has turned a blind eye to the fact that the brazilian government completely ignores environmental and human rights inserts a few empty phrases at the beginning of the treaty are not going to change that. the e.u. use existing free trade agreements show that violations of environmental regulations . rarely punished another problem is that america is sore countries use far more pesticides including some that are banned in europe german manufacturers will be able to export them tariff free to soybean producers like fabricio rosa we use a lot more pesticides than the europeans because we live in a tropical climate and that requires stronger pesticides so. that's true of farmers want to mass cultivate cheap products without regard for the environment the e.u. may have opened the floodgates for that brazil's agribusiness is celebrating the trade deal but for environmental and climate protection it could prove a massive setback. and just briefly before we go hello kitty now has official freedom of movement in the european union the bloc finding japanese owners and rio of a 6000000 euros for restricting cross border sales the e.u. rules that rio must allow online sales of products featuring the cotton cat between nimbus states. as in business with it. all form of war. let's. just. watch a video african. john link to school africa and the world tour link to inception stories in discussions from on use of easy to outwit save the devil to const match africa join us on facebook at g.w. africa has. a quiet melody resounds michael white on the move. and it zoom repeat resonate with and it's on. the mind and the music. being told in 1st wand 2019 from september 6th to september 29th. to an m a. m. hello and welcome to arts and culture one of the world's great paintings the night watch by rembrandt is undergoing serious restoration we'll have moral maps also coming up i'll be talking to my colleague a drink kennedy about the great german writer to head off on tana considered by some the 1st venice novelist. and the swiss writer lukas there foods who's just won germany's top literary prize. the night watch by rembrandt is right now being restored under the watchful eye of well anyone who wishes to see the painstaking restoration process the painting is 8400 years old and it was lost restored after a knife attack on it in 1975 that restoration has started to discolor a bit and the rice museum in amsterdam has decided it is such an important painting that the public should be allowed to see it as its current renovation precedes. operation night watch cutting qurna is allowed to get right up close to the rembrandt painting the chemist is in charge of a team of 20 researchers restoring the nightwatch is the chance of a lifetime.

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