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tv   Business - News  Deutsche Welle  July 25, 2018 1:15pm-1:30pm CEST

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up ahead a big dispute heats up at pilots and cabin crew go out on strike as the airline warns a full of the job what will it mean for passenger. that story plus trade talks between the e.u. commission present the young and u.s. president that's monica jones coming up shortly. with the. earth home tunes of species a home worth saving. on those are big changes and most start with small steps global ideas tell stories of creedence people and innovative projects around the world like to use the printer to convert those to green energy solutions and
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reforestation. they create interactive content teaching the next generation about environmental protection and we're determined to build something here for the next generation goldline dio's the multimedia environment series on d.w. . at the. rhine they are prepared to downsize the carry announces its counting its stop putting three hundred jobs at risk this stuff a holding a two day strike in europe and cannot trade war european commission president is on his way to washington to deescalate tensions between europe and the u.s. . business ryanair has want there to be. around
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three hundred potential job cuts for pilots and cabin crew as the carrier plans to cut its dublin based fleet by twenty percent for the winter season after recent strikes bookings the announcement comes as ryanair staff in four european countries hold a two day strike affecting thousands of. empty halls in madrid's but us international airport ryanair says it's contacted ninety percent of affected passengers who've been rescheduled on to other flights the strike in spain comes during peak travel season when families are taking advantage of the summer break from school travelers are in a holding pattern and unsure about when they'll fly. isn't the took. they've told us we can expect any kind of surprises i hope there won't be any though. the strike follows disputes over working conditions and pay as living costs increase the large majority of cabin crew don't have a base salary they get paid per flight a situation that unions won't tolerate is the must be in the we are demanding that
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spanish and e.u. legislations be respected and workers' rights we're not asking for money or any outlandish privileges just that the law be respected. the cabin crew walkouts come after ryanair pilot strikes earlier this month with the last one ending yesterday more delays will follow around sixty thousand ground staff in spain announced plans for action in august ryanair as well as with workers are affecting its bottom line the airlines profits tumbled partly due to strikes by employees. well for more on this story i'm done by last how to from our business desk must first of all i mean the reports are true for touches upon it but what does this strike really about do they just want more money it is more money of course to a certain degree and that's mostly for the cap and personnel but it's also really better working conditions that we heard some of it here in the piece are that just the fact that there is no base pay but they get paid only for flights which makes
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it very hard for people to calculate their monthly income for example but there's other things too ryan air parity has just about the shortest breaks in the industry very very tight flight schedules apparently also a very rude tone in management and so there's a lot of factors that play into people just not feeling comfortable and so it's not just money that they want more of but they also just want a friendly environment so going on strike now do you think that staff will be successful in what they really want is hard to say but it doesn't look very likely right now and there's two reasons for that first of all we are seeing right now arayan air really is aggressively fighting back already with just immediately and now it's impossible job cuts cutting three hundred jobs right away so they are on an aggressive path against this strike and the second reason why it's very unlikely that they're successful especially when it comes to more money is that cheap is of course ryan air space and model i was actually just online on their website and i looked at some of the flights that you can currently book you can fly from berlin
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to london for six year ago i found flights between ten and fifteen euro basically all across europe from germany into all the entire mediterranean area as so with type margins like that of course you cannot really afford to pay your people well it makes you wonder whether such a business model is actually sustainable but of course ryan air is a very competitive environment what do those strikes mean for home to the couple it just makes the matters worse of course with tight margins like that you just don't have any wiggle room whatsoever and basically they're. they're saying they're pretty openly too they are saying that if this is the work force in the future if we can't keep our prices that low the whole business model is that working in the eye could be done what's it mean for the poor travelers it's holiday season now yes but they don't seem to be too poor right now because they have actually been rebooked but of course long term it means something for travelers they might just look for other options they will look at ryanair maybe thinking is the cheapest
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option really the best options and they actually getting to my destination on time they might book somewhere else and of course not only for the travelers but then again for ryan air spot in line that would be terrible of course that doesn't help the poor travelers who have already booked a flight and are now stranded or have to sort of reject their holiday plans how to from our business desk thank you so much. it's been a decade long food fight but who nestle has now lost its legal battle to trademark the shape of kit kat the european court of justice ruled to the food giants does not own the shape of the forefinger chocolate bars the decision brings an end to the snacks protected european status and clears the way for copycats kit kats the european commission president. is meeting today with u.s. president donald trump at the white house it's a bid to head off a looming transatlantic trade war but ahead of those talks trump renewed his call for completely free trade the u.s.
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president fired off this tweet calling on both parties to quote drop all tariffs barriers and subsidies that would be finally be called free market and fair trade to donald trump writing their own territory. but for now washington is the threatening to expand its terrorists to cause after slapping levies on steel and on a minium the e.u. has responded in kind. matters has this look at what's at stake. it's a tweet that struck brussels like a thunderbolt trade wars are good and easy to win that's the message the american president sent over the atlantic on march first a week later came this announcement today i'm defending america's national security by placing tariffs on foreign imports of steel and aluminum the e.u. managed to get a temporary exemption but china was ready to retaliate when we see one we don't want to trade war with the u.s.
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or with any other country but if china's interests are damaged then we'll have to take measures to defend our interests. on april second china announced punitive tariffs on one hundred twenty eight u.s. products while the e.u. still try to convince trump to change its mind. their position is it will decide we had an exchange of views on the current state of affairs at the negotiations. we have to deal with common global challenges rejoining of great regarding so important security issues it's impossible to make any trade war but it was all in brain on june first the us also introduced tariffs on european steel an element of the e.u. commission's response came swiftly this is a better day for the work twitter and the knowledge in the next coming hours counterbalancing measures what they can do we are able to do exactly. the same on june twenty second the e.u. put levies on jeans peanut butter whiskey and motorbikes trump in turn is now
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considering whether to impose half the levies on european vehicles so can the president of the european commission find an exit door from an all out trade war i asked any you expert i don't think they used to trying to negotiate with mr trump i don't think this is the right time for that and quite frankly i don't think that would help what is important is to follow the system in tools as they exist and try and point out the obvious namely the trade was a very very damaging younger as no concrete proposal to take to the u.s. its primary goal is to calm tensions with washing for the first time in decades global free trade looks like it's under serious threat it's unsettling unless of course you are convinced that you will just win trade wars aren't so bad. pakistan is said to elect a new parliament today but there will be little time to celebrate for the winner
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because there is a lot of work to do poverty terrorism and corruption are serious problems and while the economy is growing much remains to be done pakistan has turned to the chinese government for help but that comes at a price. just three weeks ago china loaned pakistan and the other one billion us dollars a substantial part of the funds will go towards pakistan's infrastructure into the china pakistan economic corridor or the project as part of beijing's plans to create a new silk road trade route. a key factor is access to the indian ocean for china that means pakistani ports beijing plans to invest around sixty billion dollars building roads and railways modernizing power plants and stablish ng special economic zones the deep sea port of water at one end of the economic corrido is now on a forty year lease to china the details on the precise terms of the project remain
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unknown what is clear is that china will benefit from the new shorter maritime routes to africa western asia and europe pakistan is hoping the investments will translate into new jobs and economic growth while those dividends may take time to materialise each new installment from china does mean new financial obligations and there are fears in some quarters that pakistan could in the long term be undermining its own sovereignty. and corporate news now facebook is setting up a subsidiary in china internet giant finally obtained a license to do business in the country where its social media platform is blocked facebook says it's establishing a tech help to support china's developers and startups the company has created similar initiatives and other markets facebook's main business model has recently come under pressure due to concerns over privacy and data protection and while it's social media business vote to be part of its presence in china the entry will allow
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it to experiment in the world's biggest market. and for mafia chrysler c.e.o. status john mchugh on a has died the news comes only days after he stepped down due to ill health mokoena took the helm at the at in two thousand and four he was credited with rescuing it from bankruptcy in one of the auto industry's greatest turnarounds he went on to oversee the merger with us comic of chrysler creating the world's a seventh biggest part maker not join it was sixty six. that's a business update for you thanks for keeping us company. going to. move.
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on to. the. world. today i'm traveling to the state of sex and a place where you can really feel your jewish growing she gathers in. germany. and stores and the whole land field from bridge connects what one might and today this bridge is a central location for both cities and at the same time a strong so move for united europe. next d.w. the for. saving money at all
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costs of consumers hunting for bargains and companies looking to cut costs. trickiness to seen as a virtue but what happens when it becomes stingy. and how can it harm companies. made in germany in sixty minutes on v.w. . polo. good job it is going to. join link to school in africa and the world or link to exceptional stories and discussions from own use and museums i want wimps idempotent come smutty come join us on facebook g.w. for god. pakistan is heading to the polls amidst an unprecedented crackdown on the
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media. we'll tell you everything you need to know you could live coverage and reports from islamabad and no hole. today is monday w. . today i'm traveling to the eastern most to both germany.

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