tv Business - News Deutsche Welle March 31, 2018 7:02am-7:15am CEST
7:02 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 . i'm done you'll wind welcome to your business update. an internal company memo from facebook at the surface has caused major embarrassment for the company one of the social media giants top executives wrote so we connect more people maybe it
7:03 am
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 shared 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 that's easier said than done not only does holland hold lucrative contracts to supply neighbors but ninety percent of dutch homes use groningen gas were grown in
7:04 am
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. but the ordeal of us acted judgment was that it's really not things even at the level of twelve billion cubic metres so that means action had to be taken with your payment not racial name and although the majority of dutch households use gas from the field burning and residents have called for the end of 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 a five hundred million euro gas generation plant as well as a campaign to promote more electricity use in dutch households. friday marks the
7:05 am
two hundredth birthday of the high five the german who founded the rural cooperative movement of credit unions by fisons co-op banking model has since spread to many of the industries that still in use today. these two farmers a members of germany's oldest co-operative 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. and 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 and now part of this successful cooperative. the idea of the cooperative goes back
7:06 am
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 corporate is work on a majority moon bases this can have their say regardless of their stake. entendre vote is a small when decisions have to be made to get everyone's opinion has equal weight. that applies to the world's largest corporative gone in spain it has around seventy five thousand members eighty percent of whom a joint owners as with any business cooperatives like mondragon can suffer in times 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
7:07 am
support the members so there are always two sets of objectives to consider economic objectives and social ones. for co-ops it's not just. 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 in 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 because it was so strong cuban t.v. saw the need to broadcast an official bulletin from the central bank and yes oh my goal in the last few days for the number of people seeking to change c.u.z.
7:08 am
said took a source at the bank offices and cut the cost has risen this is due to the false information that in the next few days this new scene will be withdrawn from circulation as part of the monetary unification. part of the official day when if you got your monica the government says the see you see the convertible currency currently 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 blunt take owner richard branson once quipped that if you want to be a millionaire start with a billion. 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
7:09 am
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 wants a push on our board 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 company would be managed uganda lang's was one of uganda's major post-colonial investments founded in one thousand nine hundred seventy six. the airline operated
7:10 am
successfully until it got heavily indebted forcing its liquidation in two thousand and one. plans to restore it a strongly criticised not home. to running an airline want easy it is one of the difficult. companies. competitions or whatever you want to call them to run you will require very tough and very experienced people and no politics should go into running any other. it must be run strictly on business. the government hopes to post to ars him with a national carrier. but economist 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 amidst declining revenues so even if you had such
7:11 am
an idea that i want to start my airline industry is the time to rethink the taming and i think the major driver of this is sentiment so i think the sentimental things need to give way to logical thinking over a business case and i'm going to say if one was to put that on the table the idea for uganda airlines 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 version has not been profitable for many governments struggling to stay in the skies. this has left africa airlines more than seventy percent of routes connecting the continent to the rest of the wire. tesla is recalling one hundred twenty three thousand of its model s.
7:12 am
. making it the company's biggest recall ever. built before april twenty sixth the problem is. the company says those bolts need to be replaced in a retrofit. private space transportation company space x. has launched a rocket carrying ten new satellites into orbit from california the mission is part of a three billion dollar project that will replace the world's largest commercial satellite network. c o e long lost wants to revolutionize spaceflight by making rockets usable commercial planes. more efficient however this. morning going supersonic. you
7:14 am
we make up over three quarters of a fifth of the under budget cuts. the services. then want to shape the continent's future to speak part of it and join our youngsters as they share their stories their dreams and their challenges the seven seven percent platform for africa's majority. time for an upgrade. funded sure that grows on buying. a house with. poor design highlights you can make yourself. known stips interest that will turn your home into something special. a great yourself with g.w. interior design channel on you tube. birth place home to moons of species. a home worth saving.
7:15 am
those are big changes and most start with small steps global ideas tell stories of creative people and innovative projects around the world. by d. is the protect the climate boost green energy solutions and resource issue. was out of people you cannot protect the forest the current interactive content teaching the next generation about environmental protection. using all channels available to inspire people to take action and we're determined to build something here for the next generation global india's feel environment series of global three thousand on d w and online.
29 Views
Uploaded by TV Archive on
