tv Business - News Deutsche Welle April 9, 2018 7:15pm-7:31pm CEST
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of the terrorist so it's clearly not right to say that technically defeated them while he is trying to fight this one threat in the northeast other ones are boiling up there's an increase of kidnappings friend someone is a pod some parts of the country and other parts there's increasingly correct tasha's between hurts men and farmers hundreds of people were killed in the past few years and it's really controversially debated whether the president has been addressing those issues in an appropriate way i don't creation lego's thank you business news with ben for soon to come in just about. people learn german with d w. any time any place.
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whether with jo-jo and her friends. colleagues is going to be. my mission criticisms where she can join the cause of war with friends all over the world. online and interact in. german to go. learn german for free with g.w. . a call for the return of the hunter mentality the embattled twin towers of georgia bank around with. christiane saving tries rallying the rank and file after years of losses. facebook uses check your mailbox company begin sending notices
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to potential victims of down hurt c.e.o. mark zuckerberg apologizes for a massive privacy breach. and the reform how french rail workers and put the brakes on the president's plans and what the strikes are already costing the state . and let's do business germany's biggest bank has a new c.e.o. . this is no time to relax the words of. in a letter published monday with an eye on revenues that touch a bank veteran wants to raise the bar even higher he's called for a return to the hunters mentality in an attempt to get the rank and file excited about changes that could. christian saving knows bank from the inside out the new c.e.o. has spent nearly thirty years there rising from an apprentice to the head of auditing to board member so he knows what he's getting into saving replaces john cryan who took over three years ago the englishman was able to settle numerous
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legal disputes he downsized the bank's underperforming investment banking division cutting jobs but years of fines and penalties dragged business down. a bank is in a permanent state of crisis under cry and tenure the banks struggled to contain its losses cutting those losses is christian savings top priority 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 see what hundreds of things are banking at analyst at the university of her own time investors have welcomed the arrival of this new c.e.o. she is rallying as i pointed out but you celebrate it. well not really but i want to give you people a fair chance and i think you will have a fair chance he's got to condition to get a bank moving now as a roost hopefully is over. so with his fair chance there's
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a real good perspective that dr bank will at least have a profit not a big profit but of profits as you know is that all you're giving him a fair chance i mean do you really think he can do it or do what crying couldn't cry and did manage to make the lender profitable again but he did manage to one tie it in tangle doj firms to make extremely naughty legal situations well that's what it did here as you know got its merits although maybe people will accept it's only later at the moment mainly negative about it because the inmates have to produce such a negative mood inside the bank and that's what the new boss is trying to do getting people paula to have a larger buy he says how many bad things to do but we will be easy we'll be successful he's speaking to the insides of the bank clients won't like that so much but he has to motivate people now to move forward because otherwise if all the people going to dodge banks think it's no fun to be there the bank will never be successful because that is what's behind this hunter mentality that he's talking
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about how far will he get with that though i mean he can he can get the rank and file all excited but they don't be excited enough to change to perform to restructure. i hope so i mean the we don't know i mean he let's say one thing he's not the person they were looking for he took in because something went wrong with the whole process and there was a conflict because between the head of the supervisory board and. crying and there was a question who is in power and auckland i had to give an ounce immediately and the answer was no we take somebody who is already there but is a bit like let's say with a trainer in stock or sometimes you get into a conflict and then somebody must step in you never sold off and in some cases you will be very happy with this person and the good thing about them is asset in your report he knows deutsche bank from the roots so even if he does bad things things which hurt which might be necessary might be able to do more press signs and less.
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damaging than somebody coming from the outer just go in loosely and pushing everybody aside and then taking someone who's responsible or who's been responsible for the private and corporate customer base is is that a signal for the direction that the bank is going to go in. not yet i think he must really talk with the big investors with a supervisory board what kind of strategy will be acceptable for them because many of the big investors say go on back to profit fast means we must intensify investment banking because we have a retail banking business this takes too long so you must really find a compromise between what he wants to do himself and what the investors will accept and maybe we get some news about that in some months from now on but not yet ok what analysts are really looking for is what his plans are going to be for the investment banking division it accounts for the biggest chunk of deutsche revenues can you give us any hint as to what saving could have planned there. at least you can see that they had zero investment banking richie is now really responsible for
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the whole investment banking himself and he's been promoted to vice c.e.o. of the doj a bank so see me please they won't forget about investment banking at the moment it's not a decision they would have taken it would have really wanted to cap down investment banking to a nonentity hospitable there for us thank you very much pleasure in written testimony released today mark zuckerberg says he's sorry and that it was his mistake the facebook c.e.o. referring to the massive breach in which millions of users data was bought and sold on by an analytics firm for political campaigning about the brighton washington for two days of congressional really means that begin tomorrow he says we didn't do enough to prevent these tools from being used. cambridge analytical collected information about facebook users through surveys which it passed on without uses consent. now if you're on facebook check your news feed at this very minute the
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company is starting to send out notices to users about what they might have been sold the move is the first of several if it's the social media giants announced to restore confidence about user privacy zuckerberg says it's making huge investments to protect uses the that will hit the company's bottom line let's talk about those investments with daniel cope now that a correspondent in frankfurt good to see you there we've got a company at damage control here and the congressional hearings begin tomorrow european leaders also want to grill mr burke personally. where he put all this all this kind of lay damage control i guess ben i was checking my facebook account as well if i if i've got one of those alerts i didn't but it's still a very weird feeling and i guess that's what many users are having at the moment as well we still don't really know what happened or what was really sold just the likes of you the groups we were long through maybe even pictures we did so lots of
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uncertainty it's going to be really interesting how co-operative facebook now is going to be drawing those hearings if we can really trust the osaka burke that from now on there will be more careful and those comments that he made throughout the last days that all of this is still going to take some time until everything is going to be under control it's not really helpful at all what about facebook shares they've taken quite a hit since the scandal hit. yeah exactly it was mid march when the first report about this data scandal were released and generally it was not an easy month for tech companies in the united states at all i was taking a closer look at the share price just in one month it has been dropping by fourteen per cent so i'm not sure users are desperate to get answers also shareholders want to have this issue solved as soon as possible again you go for us and pray for thanks for the analysis. the first few days of strikes of cost france's rail
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operator one hundred million europe's the rolling stone pitches could go on for months and neither side the government nor the 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 a memo mccoy 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 platforms 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 france's state owned businesses from reform seems to be weakening as taxpayers face the costs. of your workplace 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
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not the s. and c. f. who will pay for the loss of. the mortgage and support the movement of the way away 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 after she came to move moments your bus 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 all the s.n.c.f. will turn into 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. and strikes on just
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hitting france germany's lufthansa has canceled more than eight hundred flights planned for tuesday after public sector union betty announced walkouts that some german ample it's mostly short whole services leaving from airports in frankfurt cologne beeman and unique have been hit with dozens of long haul flights have been cut to the phones as says ninety thousand passengers will be affected. he is demanding a six percent pay rise for millions of employees in various public sector roles right across the country. and that brings you up to date on business. again very soon going to be nice to business with you of course it's. going.
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