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tv   Business  Deutsche Welle  December 11, 2019 12:30am-12:46am CET

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the protection indian for. the injured. 16. should put a. good link to newsgroup africa in the world or link to exception news stories and discussions from news and easy to our website d. deputed comes here to join or something spoke. for. a global trade emergency and the biggest crisis of the history of the world trade organization. system collapses in disarray after u.s. pressure paulo's. also on the program while the field president collects his nobel peace prize and the country's poorest still waiting for reforms
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of labor we have an exclusive report from the front lines of the stream. across from the program as if global trade wasn't under enough pressure it's now losing its ultimate empire the world trade organization will no longer be able to deliver a final trade dispute ruling starting on wednesday the body's chief says this after member states failed to solve the dispute over the way that cases have been handled successive u.s. administrations have blocked the appointment of new judges to the w t o's now if it effectively crippled. critics fear that world trade is now facing the law of the jungle. the world trade organization is facing its biggest crisis since it was founded a quarter century ago director general roberto as of $80.00 had hoped to resolve the impasse but instead the organization can no longer deliver rulings on trade
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disputes because washington has blocked the appointment of new judges to its appellate panel the panel was made up of 7 judges for whose terms have expired have not been replaced because the united states has blocked the naming of their replacements 2 of the remaining 3 are due to leave on wednesday with only one member remaining the court will no longer be able to issue rulings. as a result there will no longer be an independent body to intervene in trade conflicts the stronger side will probably prevail roberto azevedo wants to turn the crisis into an opportunity. on tuesday he insisted the w t o had to be reformed without this is of crisis there would probably be an accommodation and members would not be so very inclined to change things and to change the system make the system more
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responsive to the changes that we see out there now one example is the treatment of china which is given preferential status as a developing country many analysts not just the us say that's wrong. the dealings between the w t o and china sometimes still affected by the routes that came into place a while ago when china was a smaller country the u.s. basically warns china to play by different routes now international trade has to cope with even more uncertainty instead of the w t playing the role of empire washington will be able to get its way. the united states mexico and canada have signed a deal finalizing their new trade agreement after more than 2 years of arduous negotiations paving the way to ratification the u.s.
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embassy a dream and replaces the clinton era nafta deal which president trump ditched when he took office blaming it for the loss of millions of jobs agreement was close to your goal but democrats controlling the u.s. house of representatives insisted major changes to labor and environmental and force meant for ratifying the deal. let's cross over to cordon our man on wall street yes this corporate america relieved that this deal is signed now it clearly it is better to have a deal or an agreement then having no agreement because that does cause some uncertainty and it's difficult for companies to make investment decisions specially for the studio and also the cultural sector but if we look at u s m c a so the us mexico canada trade agreement the question is there really so much changes from the origin. but well the u.s. m.c.a.
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has a different name and so u.s. president donald trump can claim victory because he called enough to the worst to trade agreement in american history so there is a bit of a relief even if it not did not really show in the stock market here on tuesday and yes while the u.s. mexico and canada are trying to improve their trade relations the u.s. is storing the world trade organization into disarray. well but there has been a lot of criticism in regards to the world trade organisation not just under president donald trump but also under the obama administration what the united states is basically looking for is not treating china especially in a different way but the same way as the united states and also a lot of
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a european countries are getting treated china does not have to follow the same rules even as it is the 2nd biggest to me in the world obviously change is important but as i said we already had other presidents who did not replace the judges necessary saw the whole thing may be escalated under u.s. president donald trump but it clearly did not start with this administration cord in new york thank you. and now to some of the other global business stories making the news a u.s. judge has ruled in favor of us all a giant exxon mobile saying there was no evidence investors were misled about the true cost of addressing climate change the company was accused of causing investors a total of $1600000000.00 in losses by using inappropriate accounting methods saudi arabia's central bank governor says the country is ready for any liquidity
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squeeze after saudi aramco shares begin trading on wednesday local banks are being monitored after heavy demand for loans to buy the stock around comes a listing on the riyadh stock exchange is the world's largest on record at over 25 and a half $1000000000.00 budget airline ryanair c.e.o. michael o'leary has described the use single european sky initiative as a lamentable joke be initiative seeks to reform the europe's air traffic management system to minimize environmental damage mr larry argued vehemently against the taxation of a traffic claiming it represents only 2 percent of c o 2 emissions. since taking power in 2018 ethiopian prime minister abi ahmed has implemented sweeping political reforms that have won praise and the nobel peace prize which he collected on tuesday ethiopia's economy is also going from strength to strength but
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a lot remains to be done because foreign investors are mainly attracted to ethiopia by the incredibly cheap wages their companies say they are in breaking the law and support efforts for a minimum living wage in the country but in the meantime despite setting up shiny new textile factories they are profiting from very low wages some workers earn as little as one euro per day. the ethiopian economy is booming and with this the country's textile industry industrial parks boast flagship factories their clean and well lists but are things really as good as they look one of the big pulls for foreign companies are the low wages in bangladesh the minimum wage is around $85.00 euros per month while in ethiopia it's just $23.00 euros. is that enough to live on back in june german television reported on the lives of textile workers here. is accompanied them to their homes tiny huts
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in a slum. the women wanted to remain anonymous. they worked in 2 different factories making clothes for h. and m. among others then a week ago we visited the women again and asked if anything had changed. do you know i was earning 23 year 0 month as my basic wage and 6 euros on top because of my extra skills then they said they'd raise my salary but they just added it together i now and 29 euros as a basic wage but nothing for my extra skills nothing has changed. the women have moved hearts and now have a batch they still rely on their parents to get by a friend has been promoted an hour and $55.00 euros a month it's still not enough. i was hoping my life
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would change. but since i started at the factory 4 years ago things have stayed the same it's tough. we also spoke to. they confirmed that the lowest monthly wage is $26.00 around $23.00 euros we agree that wages are too low it is our vision that every textile worker should earn a living wage they set we're supporting a study into what a legal minimum wage could be one woman says has been one positive development. change one thing over time is now voluntary students can now attend their courses at university that's why. there's not much else to celebrate though seems to says and activists tell us that the work is pressurised and intimidation and insults are commonplace so any theo p s textile sector there's still much room for improvement. and finally for something
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a bit more upbeat with 2 weeks to go until christmas morning the christmas beer season is in full swing and then mark there are more beers on offer than ever before 90 new varieties of your are on sale this year you know brewed has become hugely popular over the last decades in denmark the christmas beer is much stronger than it is only available in november and just. 400 different christmas beers competing for. and i recommend you don't try any of them on an empty stomach that's a show i'm for bolin thanks for watching see the back of.
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every journey begins with the 1st step and every language the 1st word. the coaxing germany. why not i'm listening i am. it's simple i'm on your mobile and free.
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music the learning course calls for german. welcome to the book is the getting here for details the. place to talk about. list coverage. 3 more poor. people we have. let's have a look at some of them around the league still shaking in their roof you could breathe a sigh of relief so you don't want to miss. p.w. . to today's. 97. a historical turning point in politics business and religion. run up people of the islamic revolution. making its
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initial flirtation. strength in states of emergency sinks into chaos. trying to 2nd business. sense of the people threatens the old order. the crisis and. the start of an era that defines overmanaged. 1970 the big move today since december 23rd. welcome to news from the world of culture where the biggest documentary film festival in russia with a controversial d.w. satirical show also coming up. an interview with the author of the book crazy rich asians which was turned into a film and became
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a surprise at the box office. following in the footsteps of rembrandt in this year the 350th anniversary have his death. this year a well known documentary film festival in moscow colby doc festival is playing the . animated satirical show the pokes fun at russia's leaders amongst others and is co-produced by d.w. the organizers say they are taking a risk by showing the film but with censorship on the rise in russia that is a risk they feel they have to take our correspondent emma to show him how small. it wasn't they saying to world leaders including putin an ironic theme song for russian politics sung by foreign ministry and kremlin representatives we must tell
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you nothing and no one in current affairs escape the mocking days of something. the.


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