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tv   Business - News  Deutsche Welle  December 5, 2017 2:15pm-2:31pm CET

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say we're playing to win the world so if i miss and as long as you scream and cope and seek it might be about something else for kingsley come on as a native parisienne and a former p.s.g. youth player come on would love to get a result after delivering a largely ineffective performance as a second half sub at the parts of plants. there much of the match is still one that goes through our heads and we'd love to get a little revenge but it's nothing against p.s.g. we want to show europe that we're still here and we're still one of the big teams in the champions league. you're watching news coming up after the break some breaking news paschal counsel robert muller has subpoenaed germany's largest lender deutsche bank to release data on accounts held by u.s. president. has the very latest that is coming up in just a few minutes. he takes it personally. with all the wonderful people in stories that make the game
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so special. for all true fans. more than football online meet the germans new and surprising aspects of noise and culture in germany. u.s. american music takes a look at germany idiosyncrasies of the traditions everyday lives and language i can just come out of my lungs and so on and young good. looking back i m d w dot com the german. fresh twisted the trump russia saga u.s. investigator robert muller subpoenas dodge a bank to release data on accounts held by president trump over russia's influence
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on his election as president. also the sweat shops of beijing cleared out overnight migrant workers and their employers are now fighting to survive. with bricks. negotiations are in deadlock dairy farmers in northern ireland ask one question that is on many people's minds. can somebody somewhere stand up and tell me and tell all of the members of this society what better situation is going to prove there in the post breaks the scenario that currently prevails all this and more now in need of your business i'm going to office in berlin welcome germany's largest lender dodge a bank has been dragged into an investigation into russian meddling in the us presidential elections last year a number of media outlets reported special counsel robert muller who is leading the investigation has asked georgia to release data on accounts held by u.s.
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president donald trump and his family information was demanded by subpoena after daughter rejected demands to share the data from the u.s. house democrats in june citing privacy laws the bank has loaned the trump organization millions of dollars for real estate ventures in the past let's go straight over to cora bosun in frankfort that which is actually the home of the larger bank. what do people in the frankfurt think about this. well you can be sure that many of the bankers here in frankfurt gossiped and talked about this topic today during their lunch breaks as it was only a matter of time until something like this would be reported it's been known for a long time that the bank had strong business relations with donald trump and with his real estate business that in fact it was the only large bank in the united states which would give donald trump credit after he produced
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a number of impressive insolvencies but now with this subpoena of special investigator robert muller it looks like a few more ingredients are added to the crime story deutsche bank was involved in money laundering witching volved russia money was transferred from moscow via london to new york and the rumors are now that somehow trump or his family or maybe michael flynn the national security advisor of donald trump might have had something to do with this. still in the headlines for all the wrong reasons are investors concerned briefly if you can yes they are concerned they do not sell off the share shares of storage of banking great amounts today a bank has said that it fully cooperates with the authorities in the united states well not the only case where it had to seek corporation with authorities there
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that's true enough thank you very much cora who was there in frankfurt when in fact it was around the globe look to china as their main market from the car industry to dairy products china's huge it is growing and it has millions of consumers but there is a downside to that success story and it affects migrant workers moving to the capital beijing to escape poverty the chinese countryside the city is already bursting at the seams which is why the government is now taking radical steps. a neighborhood reduced to wreckage this is in a district on the southern outskirts of beijing these buildings were demolished on government orders destroying the workshops stores and homes of thousands of migrant workers one gun chung traveled to beijing from gansu province he worked as a textile worker until today. we have to leave by tonight i don't know where i'll go. his colleagues at this tiny textile workshop are in despair many have lived
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here for decades working low paid jobs but with no residency permit for beijing they have no legal right to stay now they've been told to pack up and leave in a matter of hours. it's unfair they should have given us more time but the what. i came here far away from home for a better future i had high hopes now i'm just sad i have no choice i have to leave . officially this is all part of a fire safety blitz launched after nineteen people died in a blaze here last month. the so-called forty day special operation is supposed to target illegal and unsafe buildings critics squarely aimed at driving migrant workers out of the city. is trying to find some way for his employees to stay. he came to beijing twenty three years ago and through hard
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work set up his own textile business he's now being forced to relocate he's in thai operation the city has already turned off the gas electricity and water despite subzero temperatures the government's heavy handed treatment is drawing unusually direct criticism and action some by jing residents of even set up support groups like this one in the west of the city. here artists have turned this cellar into emergency accommodation giving a victim migrant workers a bed and a roof over their heads this one won't be any way within a five hundred meter radius these people make it easier to live here is the fruit seller the diddle shop around the corner they all raise the quality of life. at home and when the. officials are always keeping a close watch wary that the criticism might spill over into open protests.
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beijing's neighboring province of her thirty kilometers from the city limits. lulay and his workers discover they aren't welcome here either public loudspeakers discourage renting any properties to textile makers because of the fire hazard. we built ourselves a life in the city as migrant workers because we had no other choice now we're being tossed out everywhere there's no room for us anymore. room is now at a premium in the chinese capital beijing wants to reduce its population by two million by the year twenty twenty and it's clearly starting with some of its poorest residents. exit talks have failed yet again the major sticking point now is the unresolved border issue between island and northern ireland some thirty thousand people cross the invisible border every day for work goods go
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backwards and forwards without inspection after breaks and republic of ireland would remain in the european union while northern ireland as part of the u.k. would have to exit britain may have to reintroduce a so-called hard border with customs checks for goods people and services and that's a huge worry for northern ireland's dairy farmers who depend on easy cross border trade. milk is northern ireland's most important agricultural product but uncertainty over what will happen when britain leaves the european union has left many farmers on edge especially those who currently trade with and travel freely to the republic of ireland which is staying in the e.u. because of the way the whole system set up there will be tariffs there traded on the european quality standards at the minute or standards when chains will be as high as ever they are but does at present barriers for creating this product in the future and the fact that we don't know is the difficult part in addition
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agricultural products from northern ireland are heavily subsidized it remains to be seen if the support will continue after breakfast. a major industrial sector depends on. the luck patrick company purchases and processes six hundred million liters of milk from farmers on both sides of the border annually the supply chain is going to be massively disruptors there is going to be farmers who have no place to send their milk now because they're processing unit is on the other side of the border and the processor cannot bring that cross the border because he's going to have to pay a prohibited type of in excess of fifty to seventy percent like patrick exports milk powder worldwide as well as roll milk to a baby food producer in the republic of ireland their main customer is china which insists on the e.u. quality label. may challenge these relationships. what is absent here is
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a clear vision for britain and for northern ireland in a post break that scenario can somebody somewhere stand up and tell me and tell all of the members of this society what better situation is going to prevail in the post breaks the scenario that currently prevails the face of northern ireland's agriculture sector life in the balance as farmers wait to see if a deal on the border question can be reached. turkish president. says turkey is a free market economy and he shows businesses that he wants to keep it that way this comes at a time when investors are alarmed by rapidly rising inflation which is at levels not seen in fifteen years the message companies are trying to park their money overseas a practice the government funds of. food prices in turkey are especially
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high but transportation costs have also soared this spike is especially hard on consumers but the rising costs are taking their toll on businesses too. the inflation rate has been on a rapid rise over the past year it's jumped to thirteen percent a level not seen for nearly fifteen years rising inflation is also putting pressure on turkey's currency for months now the lira has been losing value this is good news for turkish export hers the weaker currency makes their products cheaper abroad but this trend is worrying to domestic companies who are trying to shift their money abroad to avoid depreciation. the turkish government doesn't like the practice but so far it's been reluctant to go as far as banning such capital outflows. and that's it for me on the business scene here and then i'll have an update for you in of the next hour before you go here again as
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a real time check on global markets this hour thanks for watching my. lawyer. my culture. high
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