tv Business - News Deutsche Welle March 31, 2018 5:02am-5:16am CEST
5:02 am
after a series of small but damaging earthquakes the netherlands says it's grown in gas field is too dangerous to exploit will be shut down by twenty thirty threatening supply bottlenecks in neighboring countries. two hundred years ago on friday the founder of the co-operative movement of credit unions was born aimed at easing the plight of poor german farmers the idea has since spread across europe and the world . have and are calls for calm after the government says it's withdrawing the currency tourists use on the island. also coming up uganda is taking one of the most difficult routes to revive tourism the country is considering restarting its national airline but some economists warn that the financials of the idea won't fly . under your window while come to your business update. an internal company memo
5:03 am
from facebook at the surface has caused major embellishments of the company one of those social media giants top executives wrote so we connect more people maybe it costs a life by exposing someone to bullies maybe someone dies in a terrorist attack coordinated on our tools and still we connect people to facebook critics say the internal memo shows that the company is willing to do anything to grow c.e.o. mark zuckerberg says he doesn't agree with the content and it doesn't reflect what the company does but the author of the memo also tweeted that he only showed it to be provocative but at a time when facebook is under increased scrutiny those responses may do little to quell criticism against the company. the netherlands was hit by the strongest earthquake in years in january the government has put the blame on the groningen gas field but it's europe's largest and now authorities will slash production
5:04 am
that's easier said than done not only does holland hold lucrative contracts to supply neighbors but ninety percent of dutch homes use groaning in gas what the groningen gas field is going going gone. or at least on its way out the plan for now is the scaled down current production of twenty one point five billion cubic meters to twelve billion but the long term goal is to shut it down entirely by twenty thirty. or do a boss act that judgement was that it's really not thiers even at the level of twelve billion cubic meters so that means action had to be taken with your payment moderate level game and although the majority of dutch households use gas from the field burning and residents have called for the end to production there as the low level tremors that caused damage upon homes schools and farms the gas field has been operating for more than five decades its closure will involve major efforts to keep supply covered this includes
5:05 am
a five hundred million euro gas generation plant as well as a campaign to promote more electricity use in dutch households. friday marks the two hundredth birthday of the heifer the german who founded the rural cooperative movement of credit unions by fisons co-op banking model has since spread to many other industries and it's still in use today. these two families members of germany's oldest corporative in one thousand nine hundred eight their forefathers banded together and started a cooperative that built and operated a flour mill one farmer could not have done it alone. in the grain from our region the old mountains is very coarse it was difficult to sell to nearby dresden there was very little profit so they said we need our own mill so we can process the grain and then we can make the bread as well. as. the mill and the bakery have ensured a thriving business for the farmers for many years now some seventeen businesses
5:06 am
and now part of this successful cooperative. the idea of the cooperative goes back to free trish vilhelm hif. in the mid nineteenth century he promoted it as a way of overcoming the poverty faced by farmers in his region festival. since then the idea has spread to other parts of the economy new industries like sustainable energy have also adopted the model most cooperative work on a majority wombs basis all members can have their say regardless of their stake. entendre both are small when decisions have to be made everyone's opinion has equal weight. that applies to the world's largest co-operative gone in spain it has around seventy five thousand men biz eighty percent of whom it joint owners as with any business cooperatives like monder gone can suffer in times
5:07 am
of crisis but because all members have an equal say they usually avoid mass layoffs this is. still a private company it has to be profitable but the number one goal is always to support the members so there are always two sets of objectives to consider economic objectives and social ones. to co-ops it's not just. to doubt the bottom line. and maybe that's why they often outlast private companies that are generally profit driven. if you've ever been on holiday to cuba you've probably paid for goods and services in so-called convertible pesos but that's not the currency that locals use for the same goods they pay regular cuban pesos president raul castro wants to phase out the two currency system and that's causing worry among many of his people. the run on local currency exchange places called cut the
5:08 am
cost was so strong cuban t.v. saw the need to broadcast an official bulletin from the central bank and the us in the last few days the number of people seeking to change senior season to pay sources at bank offices in the take us has risen this is due to the false information that in the next few days this you see will be withdrawn from circulation as part of the monetary unification. part of this will go on if you got your monica the government says the see you see the convertible currency commonly used by tourists on the island is here to stay for now anyway but back in december cuban president raul castro said he wanted to see the convertible currency become history castro will step down as president on april nineteenth and many cubans feared he would abolish the currency before leaving office. the blunting owner richard branson once quipped that if you want to be a millionaire start with
5:09 am
a billion and then launch an airline well uganda is hoping that that doesn't happen to them they're investing four hundred million dollars to revive their national airline the aim is to boost tourism and attract foreign business but economists are warning the government against the risky investment. uganda entebbe international airport is a busy hop. over one point five million passengers go through here. the numbers are growing and government once a portion aboard the state owned uganda airlines that it is trying to revive i think what government is now doing is setting up a fully fledged world class company that's going to look at things like human resource like. airplanes like landing facilities like. engineering facilities grown hundred but more in the business says how is this
5:10 am
company would be managed uganda airlines was one of uganda's major post-colonial investments founded in one thousand nine hundred seventy six. the airline operated successfully and did it go to heaven ended forcing its liquidation in two thousand and one. plans to restore it a strongly criticised uk home. you're running going to want easy it is one of the most difficult. companies. corporations or whatever you want to call them to run you will require very tough and very well experienced people and no politics should go into running any other. it must be run strictly on business. the government hopes to boost tourism with a national caria. but economist
5:11 am
a questioning the timing for the four hundred million dollars investment that coincides with a heavy public expenditure so you see a government that is struggling i mean it is declining revenues so even if you had to say that i want to start my airline industry is the time to rethink the taming and they think the major driver of this is sentiment so i think the sentimental things need to give way to logical thinking of the business case and i'm going to show if one was to put that on the table the idea for you would not sustain itself . according to the international air transport association the african obviously an industry is worth about eighty billion dollars an employee's close to seven million people. but commercial of the nation has not been profitable for many governments struggling to stay in the skies. this has left africa airlines
5:12 am
more than seventy percent of routes connecting the continent to the rest of the wire. tesla is recalling one hundred twenty three thousand. making it the company's biggest recall. built before april twenty sixth the problem is. the company says those bolts need to be replaced in. his. private space transportation company space x. . from california the mission three billion dollar project that will replace the. network. c o e long must want to revolutionize spaceflight by making rockets usable. planes.
5:14 am
unimpeded access to education and knowledge and the same opportunities for everyone it's a central goal of the global community but what's the reality on the ground education for d w's multimedia special rates personal stories and highlights extraordinary projects the world over find out more on the internet g.w. dot com education for all. climate change is just. waste. pollution says. isn't it time for good news eco and africa people and projects that are changing a lens are meant for the better it's up to us to make a difference let's inspire each other. he could be
5:15 am
37 Views
Uploaded by TV Archive on
