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 lets 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 its 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
work set up his own Textile Business hes now being forced to relocate hes in thai operation the city has already turned off the Gas Electricity and water despite subzero temperatures the governments 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 wont 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. 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 socalled hard border with customs checks for goods people and services and thats a huge worry for Northern Irelands Dairy Farmers who depend on easy cross border trade. Milk is Northern Irelands 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 dont know is the difficult part in addition
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 theyre Processing Unit is on the other side of the border and the processor cannot bring that cross the border because hes 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
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 Irelands 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
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 its jumped to thirteen percent a level not seen for nearly fifteen years rising inflation is also putting pressure on turkeys 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 doesnt like the practice but so far its been reluctant to go as far as banning such capital outflows. And thats it for me on The Business Scene here and then ill have an update for you in of the next hour before you go here again as
a real time check on Global Markets this hour thanks for watching my. Lawyer. My culture. High
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