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tv   Business - News  Deutsche Welle  July 25, 2018 3:15pm-3:31pm CEST

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three that we're following for you. how the. pakistani elections have closed in the polls have been a tightly contested election results should be coming out in the coming hours and also coming up ahead on news thousands of passengers. in europe also really shouldn't even cancel their vacations and the budget airline ryan air goes on strike coming up. make your smart t.v. smarter d.w. force more. what you want when you want it up to date extraordinary. to decide what songs find out more. dot com smart t.v. . climate change. waste. pollution. isn't it time for. eco
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africa people and projects that are changing no one environment for the better it's up to us to make a difference let's inspire each other to. be good for go be farming magazine. long d.w. . ryanair is throttling down its growth engines cockpit and cabin pros are holding a two day strike in europe the carrier says it will cut its dublin based fleet putting three hundred jobs at risk. to trade war be averted european commission president drunk. on his way to washington to deescalate tensions between europe and the u.s. . this is d.w. business as welcome. we begin on
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a rather somber note fia has announced the death of its former c.e.o. said joe marchione only days after he stepped down due to ill health marchione was credited with rescuing fear from bankruptcy in two thousand and four and one of the auto industry's greatest turnarounds the news of marchione his death overshadowed the publication of disappointing second quarter results trading in fear across the shares were suspended after they plunged more than ten percent comic opposed to for a net profit of thirty five percent to seven hundred fifty four million euros on revenues that were higher than last year the company which owns the jeep ram alfa romeo dodge and mother r.t. brands also cut full year guidance for revenues. ryanair has warned there might be around three hundred job cuts for pilots and cabin crew as the carrier says it might cut its dublin based fleet by twenty percent for the winter season after recent strikes bookings the announcement comes as ryanair staff in
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four european countries hold a two day strike affecting thousands of holidaymakers empty halls in madrid's but us international airport ryanair says it's contacted ninety percent of affected passengers who have 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. yes i need to. 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. we are demanding that 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
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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. i'm on the story i'm now joined by loss how it's a loss if you've been following this story in the last couple days what's the latest the latest is actually more trouble for ryan air ryan air pilots have just announced that they going to go on strike next week again august third sort of their story no end in sight they want more money they want better working conditions and ryan air has a really hard time right now dealing with it you just mentioned it is not just about money is it not at all working conditions at ryan air are apparently really bad it's not just the bad pay but it's also really heavy flight schedules they have
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breaks apparently just about ashworth as legally possible so people say they're overworked and they're not on a on a base salary that if they get paid for their flight schedules that they have a hard time also they can have a count on how much money they have at the end of the month which is obviously not something that they want to deal with on on on a monthly basis it's also if they're sold works also safety issues and it probably is as well of course for the pilots at least of course is also the cabin crews are for them it's maybe a little bit less a safety but they just generally don't like the environment they're working in they also complain about a very rude tone from management so that is for something that is more easy to change other things like pay of course a lot more difficult that ruto may only be set by the very top boss if i might add . what does it mean for ryan given the strong competition by other low cost carriers well for them it puts them really in an existential danger because of
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course cheap it's their main business model i've just actually checked earlier today you can right now fly through pretty much all across europe for anywhere between six euros and fifteen euros so with prices like that of course you cannot pay your people well there is basically no profit margin no wiggle room at all so if they do end up having to pay them about. or that pretty much threatens the entire company very briefly and how far do strikes there are not coming from the company but from arab traffic controllers in france by the way have affected ryan and of course it just makes matters worse i mean you're dealing with one strike already in your company but you have additional strikes to deal with and people are getting angry i went through twitter here looking at some of the comments here as a writer has completely ruined our holiday as flights delayed for eight hours writing a you suck so that means of course people might be looking for for other transportation next time around glass out of them thank you very much european commission
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president john clode younkers a meeting the u.s. president on will trump at the white house today in a bid to head off a looming transatlantic trade war but ahead of those talks trump renewed his call for completely free trade the us president fired off this tweet calling on both parties to quote drop all tariffs barriers and subsidies that would be would finally be called free market and fair trade donald trump while writing there on twitter. but for now washington is frightening to expand its tariffs to cars after slapping levies on steel and alimony and the e.u. has responded in kind you know use process correspondent. 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
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by placing tariffs on foreign imports of steel and aluminum they you managed to get a temporary exemption but china was ready to retaliate we should want we don't want to trade war with the u.s. 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 as it will decide we had an exchange of views on the current state of affairs at the negotiations fundament we have to deal with common global challenges regarding off trade 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 and
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i'm i'm in your the e.u. commission's response came swiftly this is a but the for the word twit and the knowledge in the next coming hours counter-balance in measures of what they can do we are able to do exactly. the sale on june twenty second the e.u. put levies on jeans peanut butter whiskey and motorbikes trump in turn is now 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 that you should try and go shit 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 the fun of the system in tools as they exist and try and point out the obvious naming a trade was a very very damaging younger as no concrete proposal to take to the us his primary goal is to calm tensions with washing for the first time in decades global free
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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. governments pakistan is electing a new parliament today they'll be a little time to celebrate for the winner with polling now marred by serious violence we've just heard about yet another bomb attack in the news and while the economy is growing much remains to be done especially when we're looking at poverty or corruption pakistan has now turned to the chinese government for help but that of course comes at a price. just three weeks ago china loaned pakistan another one billion u.s. dollars a substantial part of the funds will go towards pakistan's infrastructure into the china pakistan economic oradour 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
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china that means pakistani ports beijing plans to invest around sixty billion dollars building roads and railways modernizing power plants and establishing special economic zones the deep sea port at one end of the economic corridor is now on a forty year lease to china. the details on the precise terms of the project remain 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. facebook setting up a subsidiary in china the internet giant finally obtain
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a license to do business in the country where its social media platform is blocked facebook says its stop pushing tech hub supports chinese developers and startups the company has created a similar initiatives in other markets as forbes main business model has recently amount of pressure due to concerns over privacy and data protection while its social media business won't be part of its presence in china the entry with a large to experiment in the world's largest market. and that's it from me on the business team him berlin top of that for you in and out of . control.
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trying to keep. trying. to take. the smell of freshly cut grass granite out of the office. she leaves. the feel of soft fur. tranquillity and contentment. every sensation becomes more intense. dining in a swiss farmhouse. the moments next on the g w.
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m d of soft leaves in my times. where i come from my daughter means uninformed contemned soft transmitting new homes and information and when i was young my content was wrong and. the more prominent people most people were gods of entourage received. it was my job to to in one off season not just say so thought everyone in the calm cool and listen to music. from inside my car yet in john's more islam. even. i was into it and for.
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my choices in this car because given the way to transport systems. and it's not much more much and i want. to talk. i want to walk into another special edition of euro max and put on your hiking boots because we're taking the shoe leather expressive day here's a look at what's coming up. from town the way of st james in spain while from some wanderers from around the world. farm fresh a calling or a holiday in football.

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