tv Business - News Deutsche Welle August 10, 2018 1:15pm-1:31pm CEST
1:15 pm
lines will be repainted dish time straight. it was going to be news coming up ahead. europe's biggest budget airline is hitch by the most serious strike and hundreds of pilots across the continent no want to co-ordinated walkout . god will have a story for you shortly to stay with us. in germany which. any time any plays. music video never. have at the back of the squad. songs to sing along to download superstar code from
1:16 pm
super. to be a. very close is put into active exercises are you talking about that d w dot com slashdot actually and i'm on facebook in the uk still. german so free with the devil you. you flying today somewhere in europe that's could be difficult if you're booked on budget carrier ryanair because hundreds of pilots are walking off for twenty four hours in europe wide coordinated strike. and the lira slides to a new low but on her truck is of concern saying turkey as its people and its goal. this is e w business i'm down off is in berlin well come this friday ryan as pilots
1:17 pm
across europe begin a coordinated twenty four hour strike germany will be was hit by the industrial action with two hundred fifty flight cancellations of ten boards the irish no frills line says it would be scrapping some four hundred out of two thousand four hundred european flights scheduled for friday as pilots in ireland germany belgium sweden and the netherlands walk off the job more than seventy thousand passengers will be affected by the strikes you have on us off a customs refunds all the option of rerouting that journey. a little earlier our correspondent los hulda went to balance shown a pulled one of ryan as european bases to cover the strike i asked him whether the cut price fly business model needs rethinking. i think that you'll get out absolutely we've seen that over and over again of course ryan air being the most affected airline because they're basically the king and the budget six meant they
1:18 pm
kind of invented it and they put the price pressure on ninety year old flights to london fifteen euro flights to. some people expect these days that you can fly to your vacation destination for about the same price as you going to pay for your first cocktail on the beach that is obviously not a sustainable model and if people are only willing to shell out that kind of money of course you cannot. your pilots and your crew a decent price so this has run its course and over the long run i think this is not going to work out anymore. last heart of the. force thank you very much. markets here in europe are falling on war is over turkey's economy the country's currency has hit another new low falling five percent on friday after crashing below six there was to a dollar for the first time the lira has lost about half of its value since the beginning of the year this comes amid strained ties with washington over the
1:19 pm
jailing of an american pastor and there are fears economy is overheating. more on that story let's cross over to dublin first one of dorian jones in istanbul during the how is everyday life of the average turkish family affected by now. but i think the moment the main effect is psychological because for many turks they see the health of the economy to take it by the strength of the currency obviously that is taking a pounding going forward the big fear will be inflation turkey's already experiencing double digit inflation and the fact now with these heavy devaluation of the currency that that will stoke inflationary fire in the country turkey imports nearly all of its energy energy prices are set to go up by as much as thirty percent this winter it could be a lot more also many of turkey's products are the denominated in foreign currencies war materials that is expected to have a fervor if faked into the turkish economy this winter is expected already it has
1:20 pm
been very difficult now with this route of the currency things could get a lot worse and the fear is a turkey could be experiencing uncontrollable inflation toki in the ninety's experience triple digit inflation those memories are still there for many older turks and the fear is that this turkey could be facing major inflationary problems going forward. history tells us the high inflation. is absolute poison for politicians do you think. this inflation has the potential of turning public opinion on the streets against the president and the one who's just been reelected . well that's very difficult to say president heard one speak in the early hours of morning gave a very nationalistic speech saying these people have their dollars but we have our people and of gold that scene is very much a rallying a rallying of the flag and it does seem to a certain extent to be working prominent figures of the opposition have said this
1:21 pm
is a time for unity and you have to realize much of the media if not all of the mainstream media is now under the direct or in direct control of the president has been very little reporting on this currency crisis and certainly none critical so going forward at least in the new short term the president could see it as a way of rally in the country behind him but you have to realize that the bedrock of heard once fifteen years of success has been a strong economy which brought. many of his conservative supporters now they too have a vested interest in a strong economy the economy continues to go south he could pay a price going forward. during the government will announce a so-called new economic plan later this afternoon what can we expect there briefly if you can. well no one knows everyone is waiting with bated breath but everyone knows what needs to be done and major hike in interest rates yesterday people calling for five hundred basis points today thousand and also they're calling for an end to this u.s. tensions if that happens that would take off the table the threat of financial
1:22 pm
sanctions from the u.s. these are senior think he thinks to be taken at least to control the currency route further forward they want a road map for economic stability and a reining in of inflation story and zones in istanbul thank you. and here's an interesting question how much influence does a company have on how it's used gunmakers face that question but now a german drug company friends in the us has a similar problem it says the u.s. state of nebraska illegally obtained two of its drugs to kill a man by lethal injection the company fears reputational damage if its health care products are used to kill a human being so enough as it is taking the state of nebraska to court to stop the execution. executions by lethal injection in the u.s. carried out in chambers like this for years some twenty european and american companies have refused to sell drugs to prisons for use in executions now nebraska
1:23 pm
state has managed to obtain a muscle relaxant and a chemical which stops the heart germany's for seniors carvey says it is the source of the drugs it's ask the federal judge to block the state from using them in an execution planned for next tuesday. it says while for seniors cubbie takes no position on capital punishment we strongly object to the use of our products for this purpose our products were developed and are approved solely for patient care and we expressly restrict the sale of our product for use in lethal injection procedures. for seniors carby says the drugs concerned including potassium chloride could only have been obtained by contravening distribution contract and therefore improperly or illegally the state of nebraska has so far not disclosed the source. several interesting ethical and legal questions this case raises has been
1:24 pm
a member of the independent ethics council of german business. companies actually control and should have been able to control how its products are being used well not so easy but. you have to keep you have to do what. i can understand that in us we decided that nobody could use all four kids for death. is this just going to be a p.r. problem for physician yes no it's an ethics problem i mean if you think about ethics then you know doesn't meet every advantage and if you use and this is not at. all or that you also it's a reputation question was also because in europe we don't have the death. many other companies these days associate themselves with all sorts of good causes is
1:25 pm
that a trend you're seeing in business. yes i see that lauren will very interested in go and social questions and honesty is a social question. do you think it's a good thing for companies to associate themselves with these good causes. that the west and send in the societies all with all of the all the world all in that direction in the last two years whole country is excited that they don't use the debt limit. thank you very much for this analysis. stocks in tokyo closed lower on friday as investors held off on buying before holidays and awaited the outcome of the u.s. japan tri talks those talks made little headway this week japan is open to win concessions on threatened u.s.
1:26 pm
auto tariffs which could be detrimental to the industry if they come about. it looks like japan's economy has bounced back after a worrying dip in the first quarter of this year consumers are more confident and are spending more in an atmosphere of strong job growth providing a boost to gross domestic product from my pool to. g.d.p. showed a half percent expansion that was significantly better than had been expected the external environment however could be troublesome for japan's economy. boycie our g.d.p. can be widely influenced by various external environments such as trade hostilities between the united states and china there are unstable and unsure factors so i cannot say for sure it will continue to grow. for good deals. you know the. us president donald trump is pushing tokyo to sign
1:27 pm
a bilateral free trade agreement and threaten to impose higher tariffs on auto imports including those from japan that would hit the export sector of the world's first largest economy. and. the business team here and we'll have that for you in the next hour the meantime. also. on facebook or need a website on t.w. dot com slash business before you go here's a check on the global markets at the south thank you very much from washington.
1:28 pm
1:29 pm
and is helping to prevent water shortages in south africa. britain is a sign of something about the water being wasted on her transmission. so she installed an uplift on excess demand. it's a simple idea that's really set an example eco africa sixty minutes on d w. o. often fighting for the face taking seriously in the world of what appears the coming out women's talk w. . bush era women smart talks smart station alleging brain recently in dangerous times the female give me for my. make your
1:30 pm
50 Views
Uploaded by TV Archive on