tv Business - News Deutsche Welle March 27, 2018 3:15pm-3:30pm CEST
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unto us painful memories of the two sites last meeting still fresh in their minds. coming up in business news trouble at the top of germany's biggest bank to be here with just in just a minute with that and much more. they make a commitment. they find solutions. in stronger. africa on the road. stories of people making a difference shaping their nation eleven the continent of africa on the
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move stories about motivational change makers taking their destinies into their own hands. a multimedia series. d.w. dot com africa on the move. is it's crying in the rain seems to be looking for a new boss says the london times cry and took the helm and twenty fifteen but failed to make germany's biggest land profitable again. also coming up if you can drive it sell it as driving brands lumen germany the country's second and diesel cars are proving a hit in eastern european countries. and the bangladeshi garment industry is
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booming and that comes out of price child labor is booming too and the impoverished country. this is the business. seems to be looking for a new boss that's according to a report by the british you've used paper the times it says his chief executive john cryan is about to be ousted miserable financial results is profit warning in january all hopes that germany's largest financial institution was on the mend after years of crisis. he took over in twenty fifteen tasked with turning the bank's fortunes around. now with reports in britain's times he's paper suggests john crying days it don't you bank could be numbered on the list don't appear too surprised. just it just grew shavers rumor that mr klein is on his way out and joy to bank having tonight it so one could say there's no smoke without fire use of oil among the many challenges cry in successor will face reversing three consecutive
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years of losses some of which can be attributed to the billions of dollars it's how to pay out as a result of scandals related to mortgage fraud and price manipulation and then there's the mammoth task of restoring the bank's battered image in this area critics say there's a lot left to be desired krises decision to quit drupal bonus payouts last year despite making a loss did little to allay concerns. in a frank for where the bank is headquartered daniel what are you hearing. garrett investors here on the trading floor think that it's just going to be a matter of time when mr crying will be without a job according to the time the chairman of the supervisory board power it's already holding talks with possible successors we are learning that he was very interested to get the vice chairman of goldman sachs richard not for the job but
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apparently he is not interested top candidates seem to be also the c.e.o. of unit credit bank and also of the british lender to standard chartered all of this of course has not been confirmed yet by daughter bank we have asked them for a statement they did not want to comment which of course gives even more room for speculations well it seems to be that they are just waiting to get the perfect man or the perfect woman for this job would be accepting this challenge and even though housing prices here in frankfurt are high it shouldn't be a problem to find one with this salary still tough call did john cry of a real chance to consolidate his business. well dodger bank has had a lot of problems lately three years of losses mended many pending lawsuits the share price that just went down this year by almost thirty percent is all of this now the
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fault of john cryan well certainly not in general the conditions for banks here in europe are not very easy when he came into office he promised to reform the lender and he did the thing he is not as shiny see old compared to some of his pre the sensors he was hired to reform the bank to cut jobs to make difficult decisions if successful or not somebody who is hired for big reforms is never really popular certainly whoever might take over if those rumors are true his or her agenda will be very full from day one we can expect that done here in frankfurt thank you very much. we stand germany comic a fox farm is facing a major consumer class action in england and wales over the emissions scandals scandal which already cost the company billions of euros meanwhile impending diesel bans in german cities could shift the problem of air pollution towards eastern european countries as diesel onus seek to sell the vehicles rather than strap them
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. smog in poland it's not just the cold heating that sends large amounts of microscopic pollution particles into the atmosphere many cars in eastern europe are older diesels in germany on the other hand there are strict emissions limits it's possible that soon only new diesel cars will be allowed in german cities many car owners are selling their older diesel's now to secondhand dealers they're not willing to let cars that still hold a significant resale value get scrapped their then sold on through partners in eastern europe. the number of exported used diesels climbed from around one hundred ninety seven thousand in twenty sixteen to two hundred thirty three thousand and twenty seventeen that's an eighteen percent rise exports to eastern europe grew particularly strongly the export of sixteen thousand older diesels to ukraine in twenty seventeen was more than double the tally for the previous year sales to
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albania kosovo romania the czech republic and poland also rose well western european countries are going to be introducing even stricter emissions levels in the coming years most countries to the east changing their laws environmental groups are now wringing below. we have no pollution tax for cars which makes remaining a haven for old and polluting cars authorities do not encourage or support healthy alternatives and the government doesn't actually fight air pollution so more and more older diesels are ending up in for example the rumanian capital book arrest the diesel air pollution problem is being profitably shifted beyond germany's borders. isn't the only capital struggling to get its airport up and running the new mexico city airport could also run into difficulties if he didn't presidential candidate. wins the election in july because he wants to
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abandon the thirteen billion dollar project c.e.o. warns the cancellation would cost more than half that amount. it's the biggest public construction projects in the country but the face of the thirteen billion dollar airport being built here depends on the outcome of mexico's upcoming election its biggest opponent this man andrus manual lopez obrador and leftists who's currently leading opinion polls he's called the deals behind the project corrupt and has threatened to scrap construction if elected he's since softened his stance calling for a review first but his outlook has left the company responsible for building the airport on the defensive. it's probably in the armor plated against corruption it's being wheeled abiding by the law it's all public transparent it's a glass box through which any citizen can see what's happening in real time where
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they barely look at. the stakes couldn't be much higher cancelling the airport because six billion dollars and tens of thousands of jobs making public trust an invaluable office. the garment industry is the main engine of the economy and business is booming plenty of work around but it pays very little factory workers children don't even get the minimum wage which would be around fifty seven euros a month but for most it's. the boss' clothing company is not aware that its logo is being printed on these t. shirts. but the workers here assure us it's all right because it's for the asian market that's their excuse and they continue to spew out fake boss t. shirts. and our people work very hard and they have to because we bosses expect them to that's. that simple sentence packs a powerful punch there's
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a lot to do and people are cheaper than machines the talk is tough and the work is hard selling all day ruins workers eyes and the industrial chemicals being used damage their lungs it's mostly women and children who work here by law the workers have to be at least eighteen but mohammad is only thirteen. our family has debts at the market if i earn a lot of money though maybe i can go back to school. he dreams of school but his reality looks different ten hour workdays sometimes even fourteen six days a week bangladesh is a poverty stricken country but the garment trade is booming it's the country's most important industry and it provides jobs in a country where beggars can't be choosers the minimum wage is fifty seven euros a month not enough for a family to live on but law or no law some workers even earn less than that.
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it is the time for the band and intel are still at few cents for because you just cannot be i don't want to name the brands but some of them did their need profit margin twelve percent. i mean that should not be happening when workers sit down to the chain how do you start that mohamed is done for the day now he heads home what kind of a childhood is that there's no time to play he says even if there where he's much too tired. and then i get up at seven have my breakfast and go to the factory sometimes we don't have food for breakfast then i just do without my work the night and. his father is a carpenter his mother sews in the garment factory mohammed is the oldest of three children his job helps feed the family he contributes forty euros a month. says the five feel sorry for my son he doesn't go to school so he can't
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get an education that means he won't have a future that makes me sad but i don't see any way out. and he's one of many that t. shirts that he works on are on sale somewhere very far away because mohamed doesn't say it but he could be thinking it the world is an unjust place to come here. that's it from me on the business team yeah annabel and i'll have an update for you in the next hour or go have a look at the markets and the performance of ask this our eyes watching.
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not over out and they will not succeed in dividing us about not succeed in taking the people off the streets because we're tired of mistakes i shall be. taking the stand global news that matters d. w. meet for minds. time for an upgrade. find a church that grows. somebody. else with. poor design highlights you can make yourself. tricks that will turn your whole special. a brace yourself with t w interior design channel on you tube. and about changing the world. but i was a woman in egypt some things turned out to truly forced marriage genital mutilation
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humiliation. so i know well sonali rebels. the written word to stand up for women's rights. now while inside our free voice of egypt starting. on d w. i want to work with another week of euro max i'm your host meghan way from stunts on high to ruins and wrong we have a mixed bag on the show today here's a look at what's coming up.
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