economy all right we ll see when that deadline march first is here william yang reporting from taipei wm thank you so much. japan s car giant to yota saw its nine month profit fall close to thirty percent prompting it to slash its full year forecast it attribute it to drop to slumping sales in north america and equity investment losses from a potential no deal brecht s it also has the comical for its addicting annual profits of one point nine trillion yen or just under fifteen billion euros that s down from earlier estimates more than eighteen billion euro this. summer faces also add german carmaker dimer last year s profits fell twenty nine percent to seven point six billion dollars despite selling more cars the auto giant how to challenging twenty eighteen following the united states trade disputes with china
following weeks of protests the demonstrations were originally sparked by anger over a planned fuel tax hike in response might cost perhaps the tax and increase the minimum wage by one hundred euros a modest the total cost of those concessions could be up to fifteen billion euros fuelling concerns off an unsustainable debt. and meanwhile italy s government has agreed on the basis of a new budget aimed at avoiding disciplinary action from the european union and the move comes after the country s original spending plans were found to breach e.u. fiscal rules italy s leaders want to increase welfare payments cut taxes and reduce the retirement age of the e.u. says those plans will raise the country s deficit beyond acceptable levels the details of the revised budget i m not yet known. i m on that i m joined by
the fun shop pick it up since i get this text message or email. in the philippines there s fifteen billion people younger and in the other twenty four and below and the are tech savvy they re not afraid of technology they re not afraid of these you know we re loot the kind of don t trust the banks. it s kind of like brewing you know like. we see the perfect store for this kind of technology that the cool. look the.
plan. the italian guards it has a fifteen billion euros for investments. that will help young people. we want to not remove a single euro from this budget. so then he is confident that brussels will back down the european commission has given that lee three weeks to respond if it fails to revise the budget the e.u. could invoke a fine possibly sharpening the dispute. these are some of the people who could benefit from italy s draft budget impoverish jobseekers the spending plan includes a basic income scheme for all citizens who are less than ten thousand euros a year and are looking for work but no one has explained to the officials at this job center in naples how exactly it will be regulated. by england we ve had
that holds us together in the euro zone but also because when all the problem is that rome proposes to borrow three times more fresh cash than promised by the previous government that could mean that italy s huge mountain of debt might become unsustainable the current debt level of more than one hundred thirty percent of g.d.p. already exceeds e.u. limits since the summer the yield on ten year italian government bonds climbed from under two percent to three point five percent even repaying the interest could crush cash strapped italy. and the problem could get worse the european central bank says it wants to end its bond buying program in december another blow for italy. but the italian government insists it sticking to its spending plan. the italian large it has fifteen billion euros for investments. that will help young people.