tv Business - News Deutsche Welle October 24, 2018 1:15pm-1:31pm CEST
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so it's likely to have just broken off recently the last and see i shift is one of several that stretch along the coast of antarctica. a and b. have disintegrated in recent decades likely due to rising global temperatures scientists believe the ice shelves had been around for at least the past ten thousand years. business news coming up for you shortly even get ahead of the news if you can. sleep. carefully. to the news to be able. to.
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discover who. subscribe to the documentary to. get it. disappoints invest again sixty five percent drop in quarterly profit shows news the old. still has a mountain to climb and kicking germany's biggest land into shape. for the first time in history cuba to import under investment under bob haldeman taking their
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toll on the once thriving industry. this is your business as welcome. has posted a sixty five percent decline in year on year profit for the third quarter with coming in as two hundred twenty nine million euros all of the banks divisions recorded lower yields with revenues in the particularly. porton fixed income business the government company bonds down fifteen percent of the listener letter to the bank's employees' c.e.o. christiane's even says it was on track for a profitable year for the first time since twenty fourteen once one of europe's leading banks daughter has struggled since the financial crisis in the past ten years the bank shares have lost around ninety percent of their value. beyond hope bring in the knowledge that he's a professor of economics of the steinberg university here in berlin and an expert
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for the german banking industry brown is just a national embarrassment or is it really damaging for the german economy in real terms. he's going through a difficult period it's the first time now with a gold straight to a straight annual loss in the last year they have knowledge of a turnaround plan and they started this year shales have fallen to a record low and the threat placed on a list of troubled banks so deutsche bank now is in a vicious cycle of climbing revenues on the one side sticky experiences on the other side raise seeing funding costs and a lower rate a lower international rating in competition so why is historically speaking in such a bad shape who's to blame here. in the last ten years they were on forced up by the government as by example american bangs. they lost their power of
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success in investment banking to compete international banks american banks and asian banks so that the. investment banking and their problems to gain profit and revenue was in the governments they call in the. small and medium sized enterprises crediting finance damaged. reputation and their economic success if we're looking at. which has been recent recently kicked out of the docks by a by a startup really. looking at the thriving fin tate's is the big banks simply over no i don't think i think that one of the hopeful signs for east they've been a constructive what they call the new parts credit cheap so they are offering knol an environment for people takes the fall if they are solutions for our banks and
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for industry and clients sol the strategy to deliver financial advice is financially of competence in a modern way by our new partner is a very good and successful strategy interesting perspective there thank you very much knowledge of from the stand back and thank you brother. next year's fiercely debated budget plans of the italian government include a so-called citizens' wage it is a flash of policy of italian deputy prime minister luigi antiestablishment five star movement which has governed italy with a right wing leg since june the basic income scheme is aimed at putting the poorest italians out of poverty and bolts of the economy those eligible will receive a payout of up to seven hundred eighty euros per month without conditions attached critics fear the ten billion euro initiative will destabilize the economy because it is largely financed by day. inside a job center in a poor naples neighborhood dozens of people are filling out the same form. a team
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of five employees helps them but they use paper clips and piles of folders more than computers. soon the job centers will be launching a new welfare policy but no one to explain the details to local officials. by which i mean we've met two or three times and labor minister luigi de milo asked us to explain our difficulties and that but every region has different problems. if he didn't explain anything about the basic income scheme or how it will be implemented in the job centers got a. minimum wage issue outside of mine while they've already ali says he has no hope the job center will find him work. it was the same for my father he was signed up here for more than thirty years and never received a phone call never. mind. the unemployed greengrocer gets only
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a few hundred euros per month but under the new scheme his benefits will be much more generous up to seven hundred eighty euros per month. the government plans include investing large sums into modernizing job centers which will verify that recipients are actively looking for work. but currently only three percent of job seekers find employment with the help of the centers for the new policy is designed to lift five million italians out of poverty it's part of italy's proposed big spending budget aimed at boosting private consumption economic growth and tax revenues. but if the scheme fails some observers warn it could trigger another eurozone financial crisis. on wednesday the european parliament is set to vote on an e.u. wide ban on cotton buds strolls and other plastic disposables and an effort to protect marine life the plan would include was cycling quotas for plastic bottles
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and fishing nets for example the use environment committee wants to see the list of prohibited products extended to include lightweight carrier bags with just seen and . takeaway boxes pending approval from parliament european commission and the e.u. member nations the bans could come into force by twenty twenty one. but will they so let's bring in. brussels who is following this story for us max how likely is it that this ban will come into force. first of all the parliament has to approve it which will probably do within the hour the majority to do this is there as you just mentioned there's still some haggling going on which items should be included on the list for that band for example those very lightweight plastic bags that you used to pack up apples for some for example in the supermarket also
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cigarette filters that can do huge damage but apart from that parliament is expected to approve it and then it goes to the member states the ambitious plan is to have this in a legal. form before the elections the european elections next year in may but of course as you know it's in the member states that the plastic industry is expected to do most of his lobbying nevertheless most experts think there will be a lot the question really is with will this law resemble a torn up single use plastic bag on a beach or a reusable nice new shiny plastic bag used for shopping nowadays what the experts that say will that lol whatever shape it will take make a difference and would be enough well the important statistic here and also the one that you commission has been peddling is that half of the plastic garbage that lands on european beaches is single use plastic so there is no question about that something has to be done and even the greens you know that are more more of course
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extreme or hard line when it comes to these topics say this is the right step we need to do this we need to try to phase out single use plastic by two thousand and thirty that this is the goal of this whole endeavor at the moment but of course they say more needs to be done and it's an important step but it's just a first step. brussels thank you. cuba imports most of the food it consumes but sugar was never really on the country's shopping list until now for the first time in history. to import forty thousand tons of sugar in just three months the communist island nation once was well a leader in sugar production accounted for seventy five percent of cuban exports but now it has to import it from france the local harvest suffered badly from. that ravaged the island was followed by on the usually long rainy season. police you
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know quickly noticed the curious turn of events. when produced from cane as in cuba sugar tends to be brownish but the french version comes from beets and is white. and is on the sugar that has now been arriving is good it's very sweet not very different from cuban sugar the main difference is the colors of. cuba's sugar industry was once the flagship of the arms of cultural exports fidel castro cutting sugar canes after the revolution illustrated the plant's importance to the nation the soviet union used to buy most of cuba sugar after the fall of communism in europe trade figures dwindled as did investments in seeds and fertilisers. more recently last year's hurrican devastated large parts of the country the subsequent harvest was one eighth of the size of nine hundred ninety. yet. there's
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a lack of resources and a lack of money but i believe that there are also structural and organizational factors so the thought of what it does. and most of what does get harvested has to be shipped abroad mostly to china due to long standing contracts to meet domestic demand forty thousand tons of french sugar were imported in the second quarter alone symbolizing a broader change sugar is no longer cuba's lifeline. tourism and remittances from emigrants on now the major driving forces of the ons economy. and that's the business team here and updated for you and of the next thank you very much ink and thank you very much scored six. goals.
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totally. full of little rich countries and the economy still firing on all cylinders. oil is not well with and to structure and education. struggling schools housing shortages sluggish growth and expansion crisis. progress. made in germany in sixty minutes on. it was a human cataclysm. the first global disaster of the twentieth century. one . marks the hundredth anniversary of its end.
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