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tv   Business - News  Deutsche Welle  October 13, 2017 7:03am-7:16am CEST

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a week ago was laid to rest in the city's memorial park twenty one year old eric silva was shot while helping concert goers escape the music venue over a barricade silvo was one of fifty eight people slain in the hail of bullets. u.s. president donald trump is to make his case to the american people on friday that the landmark iran nuclear deal is not in america's security interests trump will outline new freemans faults and also plans to highlight other troubling activities including tehran's ballistic missile program and its support for terrorist groups sources close to trump say he's not expected to reinstate sanctions rather compel congress to impose tough new conditions for continued relief from sanctions.
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germany's flag carrier love towns has a deal to take over big parts of bankrupt rival air berlin lufthansa stock shoots up as it takes most aircraft and landing slots but easyjet could get the rest will tell you what this means for passengers. also on the show because the famous crypto currency is rallying and nobody truly knows why the jump comes as several governments are calling for more regulation. and a shot of tequila will never feel the same entrepreneur who wants to use the plant to power cars and planes in the future. it's time for business on the w. i'm here to get us welcome to the show on a decisive day for european aviation germany's biggest airline lufthansa is buying
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up more than half of the second biggest air berlin went bankrupt a couple of months back after years of massive losses the deal will leave love towns in a much better position to compete with low cost carriers like easy jet and ryanair which dominate many short haul routes here in europe investors welcome to takeover pushing lifton's a stock to a seventeen year high but a consumer advocacy association fears the move could mean less competition. everyone knew it was coming and now it has happened ten so will incorporate air berlin's assets into its expanding subsidiary euro wings. of ten's who will pay approximately two hundred ten million euros and will take over eighty one of about one hundred thirty least aircraft from air berlin seventeen hundred employees will become lufthansa staff and a further thirteen hundred can reapply for their jobs doesn't go to shit for. although this is a big step for you or a wings and i think it's an important decision for germany's position in the
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aviation industry because we're capable of providing a secure future for three thousand employees which is not necessarily the case before and i have to admit we have to ensure that europe too has strong global players. for the german very union the three thousand positions offered by loved ones are not enough because they leave five thousand five hundred employees out of the deal. doesn't this is not good news for air berlin employees because right now it seems like only a fraction of the workforce will have the ability to apply for a job and. we don't think that's ok turns his getting a big piece of the cake but is taking no responsibility for those who work at air berlin. many passengers are skeptical about the takeover they fear less competition in the skies will have negative consequences for everyone. surely tickets will become more expensive and
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they'll be a monopoly which is not in the interest of passengers. but the shit you can see but it's unfortunate for passengers of both loved ones and air berlin it's sad really losing a loved ones will have to do even less for its customers with. the stock market on the other hand is welcoming the news. shares climbed up to three point two percent reaching their highest peaks in squarely two thousand one despite the enthusiasm of the acquisition is still subject to approval by german and european antitrust authorities. air berlin stock skyrocketed more than fifty percent on the deal fell trading at twenty five cents a share that might not actually be so impressive on the other hand was propelled to real heights its share price reached a seventeen year peak this comes off the back of what's already been a really good week for the it's just managed to add a multi-year labor dispute with its pilots not only did last time so when trading today it also helped clear that thirteen thousand point barrier. russia's economy
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has been hit hard by sanctions in response to the annexation of crimea and by the falling oil price now it's making a push for more foreign investment russian president vladimir putin has been meeting with german business leaders and saatchi and big companies still do business in russia but have faced numerous restrictions because of the sanctions banks have been cut off from international networks that's forced big companies and ordinary people to bypass them as d.w. correspondent will direct sort each found out. the village of call the noble a couple hours drive from moscow it's home to just seven families who would have thought that this town poses a threat to the world's financial system that's what the russian government is accusing this mayor of doing. like everyone else i had no money the bank loans were too expensive and the government didn't help either there
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just wasn't any money so we thought about it and said let's print our own way. and that's exactly what he did the mayor named the currency the colli own after his village of call the noble as soon as moscow caught wind of what was happening it banned the currency but that didn't stop the mayor he simply digitized the call the own creating a new crypto currency all michelle now needs is a smart phone to make payments. russian central bank chief. is trying to regulate cryptocurrency to stop wild speculation but other financial experts see the new payment systems as a great opportunity. lots of countries have hit us with sanctions. and then you end the sanctions we could get worse but. that's what currencies are a valid alternative to traditional payment system so if. you.
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don't need to convince mayor shirley apnic off he's keeping his coley owns no matter what moscow thinks. brave man you must say well we stay in the subject of cryptocurrency because they are one of the best investments you could have had in the last few years bitcoin surged past five thousand dollars for the first time thursday zooming up to almost five thousand two hundred dollars on regulated virtual currency was worth only a few cents when it was invented in two thousand and eight a new record high comes amid signs the chinese government is rethinking its opposition to bitcoin earlier this year and for several exchanges to shut down. right for more on the subject let's bring in our financial correspondent on wall street. good to see you now despite major criticism from high ranking investors it seems like institutional investors are starting to show interest and cryptocurrency
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is that the reason why we're seeing this rise. well possibly even if some of those rumors and speculations are in the market for a couple of days already there is some talk that goldman sachs for example might be interested in starting trading crypto currencies then some huge investors also are thinking about going into the crypto currencies but those speculations are around for a couple of days so it is pretty breathtaking what we've seen here in the thursday session bitcoin said trading up by about ten percent to five hundred dollars just for one a day and well it's the your guess is as good as mine what's the right price five hundred dollars a thousand dollars five thousand dollars ten thousand dollars nobody really knows but it is astonishing how much the currencies are gaining even if there's still a lot of criticism out we're definitely watching and not really know what's going
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on now governments seem to be dealing with crypto currency however and some of them calling for more regulation can we expect a shift in policies to well that can happen and the big question is what would happen to demand for the group currencies in general because that's partly the beauty that there is no real regulation of the crypto currencies and of bitcoin there is no real authority looking over what's going on in that market segment when i say it's the beauty of meaning for investors so now there is talk that china is thinking about reversing a ban on the exchanges for crypto currencies them if they're reversing that that could go along with tighter regulation and more regulation actually could shy some investors away from bitcoin and other cryptocurrency is as well caught in new york thank you very much for the analysis. every day there is more and more alternatives
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to oil to get our cars planes and machines moving in the future some of them work and some don't and mexico a group of scientists claims to have found a little biofuel revolution using a government plants. it's hard work harvesting. but it's worth it now more than ever because this him our daughter not only supplies the local to kill a plant he also helps fuel cars in the region after the juice from the ferments and matures to become the country's national drink the pulp and the gavia leaves go to this man leopoldo have yeah solace he came up with the refining process for a gasoline additive. and only me and its efficiency is very similar to gasoline and it can be even better if you find the ideal makes of ethanol and gasoline that's somewhere between ten and thirty percent and i miss
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plympton of the s. and going to forty and. it's a boon for drivers but also for farmers and distilleries who can sell their waste. i mean one thing is very important with this new action of using not only the core to produce tequila but to also use the leaves and bagasse to produce can be carried out on an industrial level. at the. cape with us who deal in the here right now everything is still in a testing phase as scientists are comfortable pouring their product straight into their own gas tanks but other drivers might have to get used to it. but as we know when to get on those it sounds like a good idea but i don't know what impact it will have on a car engine does it need to be a special engine any engine use i got the ethanol. and then when they're having.
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apparently every engine can once the concept catches on the i gather a plant will be powering mexicans as well as their cars but hopefully not at the same time. that's all for business thank you very much for watching this you next time take care good bye.

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