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tv   Business - News  Deutsche Welle  April 9, 2018 3:15pm-3:31pm CEST

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thank you watching did have you news more to come on the program including deutsche bank has been called the most dangerous and bank in the world after three years of losses the company is now banking on a new c.e.o. can he turn the ship around ben facility is going to be here with that and a whole lot more. that's coming up in just a few minutes you're watching. it's all happening dutch a pretty. sure link to news from africa around the world. your link to it simpson stories and discussions can you and will come to you did you suffer going to program tonight from born in germany from own use of these
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eaves our website d deputed comes to much africa join us on facebook and d.-w. africa. there's no end of. managers to know who today nothing would change you know the banks the mind and so was the language of the bank money . for speaking the truth global news that matters g.w. made for mines. a war cry for the return of the hunter mentality back hold the twin towers of georgia bank around with a new boss christiane saving tries rallying the rank and file after years of losses . befall how french rail workers are putting the brakes on the president's plan said. what the strikes are already costing the state. plus playing catch
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up we take a look at the cleaning the german comic have missed out on big time. and that's the business germany's biggest bank is getting and you see effective immediately this is no time to relax the words of christiane saving in a letter published monday with an eye on the doj a bank veteran once growth in all areas of operation and to raise the bar even higher well he's managed to get the lenders share price moving in monday trading it's making gains of close to four percent. christiane's even knows deutsche bank from the inside out the new c.e.o. has spent thirty years there rising from financial adviser to board member so he knows what he's getting into the evening replaces john cryan who took over three years ago the englishman was able to settle numerous legal disputes he downsized
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the bank's underperforming investment banking division cutting jobs but years of fines and penalties drank business down. georgia bank is in a permanent state of crisis under cry and tenure the banks struggle to contain its losses cutting those losses is kristan savings top priority now and that means he'll have to untangle his predecessor's mistakes most experts think that means deutsche bank will be returning to its roots in the traditional banking sector. let's go of the daniel franco correspondent to talk about this daniel we've been talking about cried for years and how he needed more time he obviously brand out of that but was it mission impossible for the c.e.o. . oban one crime came he was hired to reform and to restructure and i guess and that's also what analysts are telling me in many ways he did implemented reforms at
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germany's biggest lender when you talk about the integration of the pos bank for example and he also did many very unpopular reforms of the local branches them at the end i feel his biggest problem was most likely paul light that he's the chairman of the supervisory board both had big arguments what would be the next steps and when the first news was breaking that i was already looking for a new c.e.o. investors here at the stock market were sure that it would be a just a matter of days until a crime would be packing his suit cases here in frankfurt because there is a lot of excitement as a being has taken over the job he's called for the return of the hunter mentality in his words is that the right direction considering how much trouble deutsche bank has got itself into with the pubs yes even the hunter some investors are making jokes about this already ben well he knows that he needs to deliver if you fail to bring daughter back into the winning zone this would mean a very short time in office for him as well he stated in
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a message to employ yesterday that everything will change those are big words of course when you want to change everything it seems that mostly the risk management and also investment banking division will be going under big reforms and yes that is necessary those are divisions with bankers with the highest income in the industry but the performance of this division did not meet expectations at all and cry and was hired for the same but since leaving has been really for basically is entire working life with a lender he speaks german he knows the banks so well investors hope that he is going to be a little bit more lucky at the end ok well just briefly the bank has four years of losses the i.m.f. says it's on the capitalized how do you reckon saving will accomplish this. yeah big losses more than five hundred million euros of losses in two thousand and seventeen a shame for a bank that wants to play also a key role in the worldwide banking sector pending lawsuits that's a big topic for example he really has to make sure that the bank doesn't have to
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put every year millions of euro aside for those lawsuits but yes in general it's going to be a very busy agenda for him for the next weeks months and years possibly an uphill battle no doubt the new pope thank you. the first few days of strikes against france israel operator one hundred million euros the rolling stone bridges could go on for months neither side the government building unions look like backing down french rail workers can retire at fifty enjoy free health care some subsidized housing they can all catch the train for free president the memo macor doesn't want to change any of that for current workers just for those joining the heavily indebted public service. the chaos on french train platform shows little signs of easing both the government and the unions are holding firm workers' rights is a cause notably close to french hearts but the broad consensus that protected
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france's state owned businesses from reform seems to be weakening as taxpayers face the costs. would have every worker a have the right to strike it's understandable but what about those who pay every day and every month for their trains to go and work for example i'm paid by the hour and if i lose one or two hours then i lose money it's not the s. and c. f. who will pay for the loss. and this is all. the more they support the movement of the real way workers with all my heart because i think the public sector is really threatened today and that is why people don't do anything so this will go on and on . so i support this movement even if i have to spend hours here waiting for my train just a few days from your friendship. to move moment ship us is if he's going to. france's lower house is debating the railway reform bill today that changes would see new hires deny guarantees of jobs for life and early retirement while the s.n.c.f. will turn into
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a private company with state owned shares the stakes are high on all sides but most especially for french president manuel mccall the strikes have been the greatest challenge was presidency so far no french government has ever won a battle for reform in the face of massive industrial action. germany's love thousand has canceled more than eight hundred flights planned for tuesday of the public sector union betty announced walkouts at some german airports mostly short haul services leaving from airports in frankfurt cologne braman and munich have been hit with dozens of low hold flights have been cut very looked on as a says ninety thousand passengers will be affected betty is demanding a six percent pay rise for millions of employees in various. public sector rolls across the country. china's foreign ministry is complaining trade negotiations with the united states are impossible under the current circumstances. has pledged to counterattack of great strength if the u.s.
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follows through with tariffs on an extra one hundred billion dollars in chinese goods president trump tweeting today their range been some out to stupid trade. trying to improve relations with japan and he's premier league to china meeting the head of japan's trade commission you'll high cool in beijing it's the first economic dialogue between china and japan since twenty ten you know it could just lead to trade flows moving in a very different direction. the diesel emissions scandal hit two years ago and still the germans are struggling to catch up on the global shift towards clean automotive technology hydrogen fuel cells just one example if the germans don't have it motorists will just switch make. since. it's where he lives and works and like many norwegians she loves german cars even her grandfather swore by the v.w.
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beetle. i've always. been driving german cars. so this is actually my first asian produced car and i never thought that i would ever drive a german car so i think my grandfather he would return to this great. now drive so toyota me right a fuel cell vehicle that runs on hydrogen it's a type of car that no german auto maker currently offers fuel cells are very environmentally friendly that's why the norwegian government is promoting them there are no harmful exhaust emissions only water vapor. but for burkett and her family that's not the only reason for their decision to buy one the hydrogen car. you know drive in the in the bus lane so i can park for free in public spaces.
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and get around a bit quicker and cheaper. with. the other cars. the benefits already begin in the showroom. gets car dealer explains that there are hardly any taxes on a fuel cell car. unlike with a conventional engine the government doesn't charge or other fees that means. fifty thousand euros that's not a bargain but it's almost thirty thousand euros less than in germany. waiting for the germans to hydrogen because it would be good to have that at their selection and it will make it easier to make more stations if you have more. coming. so we hope.
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find a market in norway along with other forms of the mobility there is growing demand for fuel cells they produce the power that drives their electric motors from hydrogen and data can be produced in an environmentally friendly manner. photovoltaics generate the electricity that's needed for. the hydrogen from water. other hydrogen stations get the necessary energy from norway's numerous hydroelectric plants. and would still like to drive a german car again in future but for now she's happy and. not just because of the environment.
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touring. beijing the hunts.

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