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tv   Business - News  Deutsche Welle  November 16, 2018 2:15pm-2:31pm CET

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they feel that the young and fairly inexperienced side for the friendly in leipsic it was twenty two year old near royce sonic who grabbed the first goal in the eighth minute to put the hosts in front sooner followed that up by scoring in the twenty fifth minute and says not be added a third on monday germany go to face the netherlands in the european nations. and get to be with you in just a moment with all the latest business news thanks for watching. our digital more years. for women for internet activists one mission the battle for freedom and dignity. against repression and filings they deploy the powers of social media.
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their messages are spreading like wildfire social media spectacle is critical to anything but one thousands of years to come online on the streets they know women who are changing the world already. digital. storage the twenty fifth t w. at the. break that turmoil takes its toll on sterling the problem is down the aisle while markets all over europe are waiting for uncertainty over greg's it's to end. the. disadvantaged kids in south africa to a better future bride same computer code. this
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is the business i'm as welcome the pound has managed to regain half a percentage point against the dollar clawing back some of its losses after a substantial slide over a nice trade as had feared the political turmoil could see the u.k. crash out of the european union without a break to deal sterling volatility is the highest since twenty sixteen its last two percent against the dollar since tuesday when terrorism i announced a draft gregg said agreement business owners fear that without a deal in place supply chains might properly be caught when britain leaves the un much. despite the mounting opposition to may's proposal some british companies see it as their best hope the prime minister is desperate to huge and damaging for you deep deep misgivings they all seem to have a thief with teresa mayes draft breaks a plan. but business owners see it differently. it's going to be straightforward
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and simple if the deal the deal doesn't. is going to be some problem. those problems might look like this a long line of trucks good sitting still costing money in time a disaster for any firm but the current arrangement would give businesses time to adjust to the post breaks it landscape at least until the end of twenty twenty that's because the u.k. would remain in the e.u. customs union until a trade deal is in place and it would have by by e.u. regulations that means goods travelling across the border won't run up against tolls or inspections. business will keep moving more business leaders are speaking out in favor of the draft including the c.e.o.'s of airbus and major trade groups there take questions remain but the draft appears better than a no deal parts of the draft are still difficult for some to swallow the city of london will be limited to offering financial products and services already found in the e.u. it will still have access to the market but the same access as other countries but
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certainly at that does not appear to be anything within that three paragraphs that would appear to offer the u.k. financial services a better relationship with the e.u. than perhaps a panel the us and that's why many financial institutions have moved some of their operations to the continent. to see what the markets have calmed down and cross over to our financial correspondent daniel cope in frankfurt seven versus the digested these tomatoes events in the u.k. now give us an update well guarded investors are clearly monitoring what is happening right now in the u.k. i guess you can see it in the background we actually started here in the green but it seems that really the path off to reserve may in the next days could become even more difficult and as a result we are seeing shares tumbling here again at the blue chip index stocks are down here at the moment with about twenty five points and also one we are taking a look over to the fourth c.
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one hundred in london a similar situation there the footsie one hundred dollars with one percent and mostly the shares of banks are suffering r.b.s. for example is down at the moment with four percent you mentioning banks with the leaders of many financial institutions are currently gathered in frankfurt what do they make of the turmoil in london there what are you hearing. well they have to prepare pretty much for every scenario i mean we have to remember that because banks and financial institutions have already moved in the last months and weeks hundreds of their employees from the headquarters in london over to other european cities also here to frankfurt so here they are also monitoring all of this what's happening over there with some concern down there coping frankfurt thank you. for as far as announced it will convert two of its factories in germany so they can be used to produce electric cars and is spending more than thirty four billion euros in digitization development of electric cars the world's largest comic is currently
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accelerating its investment in zero emission vehicles games to have plants and and how about turning out electric cars by twenty twenty two the company already has one such factory these and thomas sicko employees at the plants were told their jobs were guaranteed for the next ten years but the company would try and reduce its workforce at the size through office like early retirement. so what does that really mean the folks back is finally competing with tesla that's also stephen beardsley who's looked into this story a bit closer stephen this big shift to electric that's being driven by v. w.'s top man isn't it who have a d.c. what can you tell us about its regular hard have a decent sort of the man of the hour he took over earlier this year from a ts miller miller of course was c.e.o. during the diesel scandal time. was brought in two thousand and fifteen around the
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time the scandal broke he was really not seen as the person to guide it to the next phase mueller's mueller's time really coincided with this interest on consensus changing the culture volkswagen moving away from the sort of top down sort of authority with authority leadership that we had seen from the c.e.o. who was in place then. you know d.c. is very much someone who has a clear vision dynamic he wants to have sort of the power so you're going to you're moving back towards that sort of centralization of power in a way he's kept a lot of things very close to him as he's taken over he's kept a close eye on audi and some of the daughter firms volkswagen and he's also it's been announced that he's going to also be the man in charge of business with china so a lot of that gets very close that's where the flip side of this he has a very clear vision of what he wants to do which we're seeing now with this electric plan he's wanted for spring that but he's also sort of bringing in the reins again it's not a consensus environment but he's also so presiding over this while the diesel
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scandal is going on with lawsuits and criminal investigations all that. help with the restructuring that's right i mean it's obviously a huge shadow over volkswagen has been since twenty fifteen and with d.s. there's the added complication that it's known that he's also part of this investigation he did arrive around the time of the diesel scandal probably was not a decision maker but it's believed that he could have been read into it in a way that he might have heard of it and didn't come to authorities or didn't do what he should have done it's really unknown at this point but volkswagen you would think volkswagen would not have put him in such a high position and entrusted him with so much power if he had so much exposure. isn't folks a bit late to the electric car yet clearly they are i mean tesla has already started auction on a mass market car itself is hard to say if the diesel scandal if it hadn't happened if it would've made this transition faster if it would have slowed it down it's really hard to say but it was clear that was going to have to happen at any rate what's interesting is that tesla is. faster is the more innovative car company out
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there but volkswagen is now bring it straight to the plate thirty five billion dollars i believe or euros that's an incredible song that has the resources it has the production knowledge and it has the suppliers and the contracts to bring all this together and that's what it's doing and so a lot of people believe that if this is going to become a mass market thing it's going to be because of what volkswagen is doing right now look at its mass market car that is just proposing right now based cost twenty two thousand dollars it's say to get into an electric car tesla is tesla three years model three base thirty five thousand dollars that's a huge difference it indeed is busy thank you very much. to south africa now as schools are rushing to add computer programming and other high tech classes to the curriculum and as coding clubs become increasingly popular some of the youngsters have found their own way to find out who's got the best coding skills. it's two pm on
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a wednesday and the south african township of i report just a few kilometers from pretoria a few dozen fifth graders are back at school armed with basic coding blocks laptops and endless imagination to competing against each other many of their ideas are inspired by problems they've experienced within their communities. we've heard in the news and in the newspapers that children most of the time i getting lost so he came with an idea of saying to stop this maybe we should come i think you mentioned and then you want to be able to keep the children safe and to keep the parents with concerned about their children's safety i hope that that can be if. people. think. it's working to build an incubator the talent here is amazing and the government is catching on in september the south african ministry of education said it would get
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behind the concept of coding clubs after kenya and botswana have to validate similar ideas for now the high tech classes are mostly run by n.g.o.s. since education is changing kids they need to move. their way forward so we also need to. move forward into the fourth. day of the world economic forum estimates that more than half of all jobs in twenty twenty two will require new skills many of them related to technology coding specifically will be the foundation of careers in fields from science to engineering and financial services. for some of the kids and i report their local coding club could be a real door opener. hope it will be boeing says it is
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confident in the safety of its new high tech seven three seven max this after a lawsuit alleging that design flaws brought down the line of flight six one zero. last months the suit filed by the family of the proton focuses on the plane's flight control system that uses failing to warn pilots that the system. could force the plane's nose down on expectedly it also sides black box data showing problems with the airspeed indicator one hundred and eighty nine people were on board the two month old jet when it crashed. that's it for me and the business team here in berlin i'll have an update for you in the next hour stay tuned for euro max robin right after this check on global markets but i.
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want. nothing is quite as it seems. if it's challenging up a section of. the mine one look at these musicians. and. if your highness.
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you wrote me on the. board most. or a. hundred small thieves in my. once. when i come from roger remains an important one for myself transmitting to news and information and when i was young my concert was drawing huge confidence the more prominent people and most people would cause them. to see. it was my job to two in one off the lot of just sets so as not everyone in the column. listen to me as a. husband from inside my own codea in two months or more
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islam. even talking to us i was it's were more. my choice to be scott because given the way toward transmitted to the troops. in the flesh mom much and i want. to talk. i want to walk on to another edition of your max with meet your host meghan lee as usual we are making our way around europe to all the cultural hot spots here's a look at what's coming up. on usual library a belgian baker whose passion is collecting sourdough starter. unique ability of
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musicianship to make his guitars sound why.

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