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tv   Business - News  Deutsche Welle  August 8, 2018 7:15pm-7:30pm CEST

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in the twenty fifteen world championships in beijing where he won gold in the four hundred meter hurdle bets vehicle hit bumps in the road and rolled into a ditch near kenya's high altitude training camp he had just returned from the african athletics championships in nigeria. and with that you're up to date now on news i'm sarah kelly in berlin thanks for watching. your smart t.v. even smarter d.w. force more to. what you watch when you want it up to date extraordinary him to decide what's on sunday more. dark comes more t.v. . time for an upgrade. how about furniture there grows old by. house with no roof.
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poor design highlights you can make yourself. on stoops and tricks that will turn your home to special. upgrade yourself with g w interior design channel on you tube. a bit of the. i'll buy the whole company back and make tesla private again says c.e.o. elon musk it's weights that sends the electric ta make his share price up eleven percent and leaves analysts shaking their heads. and more trouble in the air for ryanair as its european pilots go on strike a pay and working conditions at europe's biggest budget airline flight cancellations will affect twenty five thousand passengers on friday. i mean
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physical and let's do business chief executive ilan musk wants to take the electric car maker private. by eleven percent on the news before trading was halted for more than an hour on tuesday and wednesday the board of directors said it's going to evaluate the plan. if musk can succeed in taking tesla private it would be the largest leveraged buyout in history. musk tweeted on tuesday that he was considering taking tesla private at four hundred twenty dollars a share saying that he'd secured funding a deal at that price would represent a price tag of about seventy two billion dollars he didn't say where the funding was coming from shortly after his tweet musk published a letter to tesla employees on the company's blog where he said that going private would be the best path forward and would allow tesla to operate at its best free from distraction and short term thinking going private would also be one way to avoid close scrutiny by the public market has feuded publicly with regulators
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critics short sellers and reporters some analysts believe he would prefer to have less transparency the company is still trying to overcome production challenges which have held up its new model three sedan on which tesla's profitability rests that hasn't stopped musk from announcing major projects like multibillion dollar facilities in china and europe analysts have expressed skepticism at those plans statements about taking the company private are facing similar doubts but if followed through this could be a make or break moment for the silicon valley company as competition from european automakers is poised to intensify with new electric vehicles from our d. and jag you are with more rivals to follow suit next year. i asked. if it's right musk revealed sensitive corporate strategy by a social media. twitter is relatively new in this context of course rules and
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regulations of how to make these ad hoc announcements or so it's very important but it seems to be legal i want to read something to you from those rules unfair disclosure as they're called and it states that companies are required and i quote to distribute material information in a manner receipt reasonably designed to get that information out to the general public broadly and non exclusively and that is of course precisely what twitter does it is certainly broad it is not at all exclusive anybody analysts investors anyone can have it so there you go it's a very literate it's so it's transparent but is it spot it's probably not smart and i would think it's probably not smart specifically when you look at the loan must because musk is a serial tweeter like some other people these days making the news are and he doesn't always take it seriously if you fools stay this year he tweeted that test just went into bankruptcy now that is not really a joke when you're running a seventy billion dollar company that can really start shock waves and send the
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markets down not only for one company this is problematic you can't joke like that in such an irresponsible way as though of course people wondering with him specifically is this is serious announcement is this a joke he names the number for twenty he wants to pay four hundred twenty dollars and people said well for twenty is the marianna reference it's stolen or language is that a joke is that code nobody really knows and now the company is worth even more because the surge of share is set up the valuation of a company of course that makes it a muscular rich he made more than a billion dollars yesterday just like that because he owns about thirty three million shares and they went up thirty seven dollars each so he made a tremendous amount of money but it's just about the same amount of money that short sellers lost those investors that are betting against tesla they lost over a billion and they actually lost over. six billion in the last two years iran must
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must be liking that much more than his own riches of course briefly wouldn't it i mean is it also quite a bit going private i know why the big car maker has done this. i'm sure there are lots of advantages as far as the lawn must and his strategy to feel a very ambitious man or is he wanted to find out if there he held accountable to shareholders and regulated exactly well once you are listed on wall street you're not only accountable but you're accountable to your shareholders on a three month basis wardley numbers so of course wall street favors short term thinking and that of course means that as a c.e.o. you might have to make decisions every once in a while that help your numbers in march and june or so but that are detrimental maybe to your long term strategy into your vision. you want to keep the vision alive thank you. the new york times described him as arguably the most successful and important on for partner in the world last became c.e.o. of just the motors in the aftermath of the two thousand and eight global financial
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crisis in an interview in twenty eleven he said he hopes to send humans to mars within ten to twenty years but who is it on musk and what does he really want. one is some have called him the architect of tomorrow others say he's a con man but either way elon musk is a highly intelligent driven individual and the south african born under par new has achieved things many can only dream about in one thousand nine hundred ninety four he founded his first company at the age of twenty four by the time he was thirty have become one of the co-founders of pay pal but mosque is better known for his other headline grabbing projects tesla space x. and hyperloop with tesla musk is revolutionizing the car industry by building electric cars a business for which he has come under pressure the company has spent more than ten billion dollars without ever making a profit but that hasn't stopped musk he wants to change long distance travel with
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hyperloop b. idea is to send and electromagnetically levitated vehicles through a long pressure tube over thousands of miles. lift off his space x. project is aimed at sending the first people to mars it seems that not even the stars can limit elon musk thirty seconds away from. china has fired back against new u.s. trade tabs it's announced additional employees of twenty five percent on sixteen billion dollars worth of u.s. goods you know one came just hours after washington said it was opposing you tariffs on chinese products worth exactly the same amount the chinese tariffs will apply to u.s. products such as fuel motorcycles and medical equipment while the u.s. said it was targeting industrial products like metals chemicals and electronics the trumpet ministration already slaps new tariffs on chinese imports last month but china's foreign trade has so if i shrugged off the dispute exports showed
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surprising growth in july at moving twelve percent compared to the same period last year. saudi arabia's government is not known for tolerating criticism that the current spat between the oil rich kingdom and canada is escalating into a full blown diplomatic crisis riyadh is canceled its medical treatment programs in canada will transfer saudi patients to other countries now media reports say the saudi government will also relocate fifteen thousand saudi students from canada the conflict a rose after a tweet issued by canada's foreign minister criticizing the arrests of human rights activists in saudi arabia. german ryanair pilots have just voted to join this swedish belgian and irish colleagues in striking on friday and head of the announcement ryanair already cancelled one hundred forty six flights to destinations all over europe affecting more than twenty five thousand passengers
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its numbers are set to rise as the german pilots join the twenty four hour strike to demand a higher base salary said the netherlands could also be joining ryanair argues pilot salaries and not to load pilots are also lining the airline of a base transfers the maximum number of flight hours promotions and annual leave. let's pull in our financial correspondent correct bosun in frankfurt any sign at all of ryanair budging on this. no ben and if we token take into consideration how the management of ryanair has handled recent conflicts with the union it's likely that this will escalate further in ireland after pilots went on strike ryan and threaten to transfer planes from ireland to poland and force the employees to also move from ireland to poland the management in the negotiations with the unions here in germany has talked about potentially doing
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something like that here as well that's why it's so significant that in this case unions from four different countries of the european union are acting together it's a first for such concerted action they're joining their forces in order to try to prevent the management of ryan air from playing of one side against the other economy by passenger numbers ryanair is europe's largest airline how's this going to bookings. well run itself doesn't give exact estimates in the case of those islands strikes the managers have said that they have had a negative effect on bookings and in the long run of course this indicates that the times of thirty to forty euro tickets are over as you know also
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ryanair will have to do something move and as you know the now the. unions are acting in concert of action on the european level it's not likely that you know the super low costs will uphold at ryanair ok troubling times for flying europeans this kind of visit in frankfurt thank you. and a super hot summer that nice doing business with you.
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such. move. ensures the conflict zone with me should sleep on from the treatment of my dreams to freedom of expression and to terror a little stunned us of human rights across you're all slipping my guest in ghana is michael flood the director of the agency called on the man for the rocks does he believe you up is doing. to protect human rights conflicts up. next on w.
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sarno just couldn't get this song out of his head. ecologist began searching for the source of these captivating sounds. deep in the rain forest in central africa. the buy a couple. that and. nothing else. in the less of a limitless a bit less. money leaving. people to buy their culture that he stayed. only a promise to a son love that song only to the jungle and return to the concrete and glass shop. the result reverse culture shock. to realize how strange
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artificial. really connected to life. the prize winning documentary from the forest starts aug ninth on d w. from the treatment of migrants to freedom of expression to end to terror all stand outs of human rights across you're all slipping this week on conflict in my guests in vienna is michael o'flaherty director of the e.u. agency for fundamental rights that's he believes europe is doing all it can to protect human rights.

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