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tv   Business - News  Deutsche Welle  October 2, 2017 3:15pm-3:31pm CEST

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nerve agent at kuala lumpur airport they say they thought they were taken part in a prank for a reality t.v. show. and three american scientists have been announced joint winners of this year's nobel prize for medicine the trio were recognized for their discoveries on molecular mechanisms controlling the circadian rhythm or put simply our biological clock. you're watching news still to come british authorities are scrambling to bring home thousands of travelers around the mediterranean they were stranded when monarch airlines seized operation today. that story and more with monaco coming right up in business.
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when the history books are brought to life. maybe the stories they're in will get a rewrite. the story of the russian revolution. from the perspective of writers thinkers along the borders. what did it feel like to live in times over the revolution and the people. and to the russian or revolutionaries. nineteen seventeen the reluctant starting october twenty fifth g w. at the. spain's economic powerhouse of council stages a rowdy vote for independence on the weekend stepping up the pressure on madrid and casting a question mark in equity markets over the country's economic future. also coming
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up another european airline bites the dust u.k. as a monarch is grounded leaving one hundred thousand passengers stranded a rounds the well. and us president of dollars trump is threatening foreign companies with import tariffs in a bid to preserve you as jobs but far and. and he's like b.m.w. all providing jobs they're also in danger we'll tell you why. welcome to the business i want to get jones in berlin and spanish stocks down on spain's borrowing costs up as investors try to gauge the political consequences from sunday's independence vote in catalonia madrid says the vote was illegal but off to the brutal crackdown by spanish police support for the government is crumbling and worries about spain's economy are rising on the madrid stock exchange share prices
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continue to slide more than one hundred points shed since the market opened a fall of more than one percent many traders fear that uncertainty about the fate of catalonia will lead to further falls in this climate investors buying spanish government bonds may want higher interest the country now has to pay almost one point seven percent interest on ten year bonds the highest in many months the common european currency also fell slightly if the euro's fallen below one point one eight u.s. dollars losing nearly a cent from god we've just overcome the euro crisis so calls for independence are certainly not going over well with the e.u. has a big task ahead of it it will have to mediate but it's clear there were ninety percent of the people want freedom that cannot simply be ignored. if catalonia gained independence spain would lose its industrial heartland the region accounts for a fifth of the country's economic power see it cars are produced here the region is
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also important in the chemical and pharmaceutical sectors. without catalonia spain would slip to fifteenth place in the world ranking of the strongest economic countries that would put it behind mexico. now regardless of how this plays out in spain yes it isn't and brutal police response don't instill confidence seemed suddenly weighed on the euro let's get some market reaction now from in frankfurt the house this by the she called to me which is still recovering from years of recession going to cope with this uncertainty. it's going to be difficult it depends on how long the uncertainty lasts and whether it's just an uncertainty or whether there will there will be further escalation of the conflict in the north the government in madrid and separatists intent on making their point nobody really knows where that's going and that's a major worry not affecting really the markets in a major way today lots of marks of sin europe indeed gaining just
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a little bit but the longer this takes the more worrisome it becomes still i don't think anybody who knows spain and who is watching the situation is counting on spain going back into recession because growth at the moment is just too high the it's a steamroller three point two percent was g.d.p. growth last year people expected until this conflict to be two and a half percent this year is still way higher than what was projected for the euro zone so it's a very high pedestal one is perhaps looking downward from ok but you also agree i'm a nobody knows how this is going to play out so if we just think of one possible scenario if catalonia was to leave spain it would also leave the european union and therefore lose access to the single market wouldn't it. exactly and that would spell disaster for the people for the companies there and also for spain which also loses a major trading partner and part of its economic recovery of course of the catalonians
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left spain they would no longer be part of spain a member of the e.u. and that would of course automatically mean that there would be out of a lot of advantages and they won't get back into the e.u. that's for sure because you need a unanimous vote for that of all the countries probably then twenty seven after britain will of left and spain for one will certainly vote no on that yes but. at the moment at least seems quite obvious. in frankfurt thank you so much for that talking over britain british authorities scrambling to bring home thousands of travelers off the monarch ellen's collapsed on monday canceling all flights by one of the oldest carry is of the country of the u.k.'s aviation watchdog said it has leased thirty aircraft to bring home on a custom is scattered around holiday destinations ranging from turkey to spain and sweden flights will be provided at no additional cost to passages monaco is the
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third to european airline making a financial crash landing this year. it was a familiar sight at british airports for fifty years but that changed overnight the demise of monarch airlines was announced in an early morning online message from britain's civil aviation north already passengers were left without a flight home most of them stranded at destinations in the mediterranean the government is vowing to bring them home in what it calls the country's biggest ever peacetime repatriation we expect the vast vast majority of one hundred ten thousand monarch passengers who are currently on holiday with monarch to come back to the u.k. within the next two weeks that that's exactly what is expected. britain's fifth biggest airline had struggled with losses but had hoped to turn things around with orders for boeing's latest seven three seven planes and a cost cutting program bankruptcy rumors swirled last year but then monarch was
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able to draw a new line of credit but now that's gone and so is the airline with the decision really was a result of continued losses loss has been sustained for quite some time forecast to continue mainly as a result of depeche places in the market overcapacity in the short haul market has meant pace have been depressed for some time in britain's transport minister says other airlines have plans to quickly hire monarch's staff but that's little consolation for the three hundred thousand people who held tickets to fly on monarch they won't be going anywhere. and of course monarch isn't the only airline this year to. be an evelyn also folded so do we have to brace a wall such bankruptcies you know market analyst neil wilson from x. capital in london outlines what's ailing the industry. well there are i mean monarch had its own unique problems i think its legacy sort of charter flight
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business it didn't really know where it was it didn't know if it was a package tour operator or not and it's been suffering from actual problems for a while and it's been bailed out a couple times in the last three years so the writing was on the wall one out maybe maybe a while ago other airlines there are there's no shortage of companies that are making making losses are struggling to make a profit we've seen restructuring and poland rimini and maybe hitting hitting their lines their flight the any case one that has made one profit in the last twenty ten otherwise made a loss i mean there are lines that just struggling because prices are just too low at the moment. he drives a b.m.w. s.u.v. in the united states it's likely it's been made in spartanburg north carolina while the eight thousand us workers them make more than a thousand cars per day so few people there understand the president on the trump has threatened those companies with punitive terrorists if they import components manufactured abroad. joel pretty more is determined to reach the top
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he's already being paid for going to school by b.m.w. and when he graduates that's where he'll start working. joel's grandparents work for the textile industry in badly paid jobs something which is unimaginable for joe the production technology that came after the fall of the textile sector attracted him thirty years ago his hometown was desolate then international firms came to the rescue joel will work as hard as his grandparents but the rewards will probably be better. i look at it it's. not only as an opportunity but you know love the way that you know everything is kind of moving and you just programming is what you mean it's just it was also. there are now five hundred foreign firms in the region many offer tailor made apprenticeships through the local technical
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college and that's a boost for the region when b.m.w. came into our area twenty five plus years ago that was the eye opener if you would say just saying you know if we do work work together and go after organizations or companies like that we can we can we can retain them and get them into our area. people here are proud of all the foreign investors who've helped to get the region back on its feet south carolina is a strictly republican state this is trump country yet almost no one here understands why the president has picked on carmakers for higher import tariffs on the components they sourced from outside the country. the southern states are courting foreign investors it helps that there aren't workers unions here but if costs of imported components increase that could be a deal killer and local jobs would be in jeopardy. i believe the whole quote is.
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assigned to mr churchill it said of americans will always do the right thing after they've tried everything else so sometimes we have to stumble around and. before we get to the right formula but i believe we will get to the right formula b.m.w. doesn't just make cars in spartanburg it's also introduced germany's two track vocational training scheme which keeps companies of all sizes supplied with skilled workers gives joel a chance to get hands on experience while still in tech school and earn money at the same time joel was born here in spartanburg he became a soldier as a way out when the city seemed to have no future since the area is being reborn new cafes are opening it's becoming a nicer place to live the inner city is profiting from the boom and its suburbs. as a business. thanks for getting the company. at
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full speed.
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but always on the move. oh goodie today and in the future. tried. to kill. my first boss i was a sewing machine. where i come from women are balanced by the social evils something as simple as learning how to write them by psychos isn't. since i was a little girl i wanted to have a buy cycle of my home and it took me as the bike. finally gave up and went on buying young bicycles but returned because sewing machine sewing i suppose was more appropriate for girls than riding a bike and now i want to meet those women back home who are bound by their duties and social norms and inform them about that basic rights my name is the about of
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the go home and i work i need to. beat the germans new and surprising aspects of noise and culture in germany. us american kid music takes a look at germany it is increasing at their traditions every day lives and language i can just come out of my lungs and eyes are so numb they are good just. like the centrica i r t w dot com make the germans. hello and welcome to drive with a d w car sure coming up we put toyota's little yards hybrid to the test.
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