tv Business - News Deutsche Welle December 1, 2018 12:15pm-12:30pm CET
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seriously in the world of what here's what's come out women strong. superheroes. smart talks smart stay in the gym bring freezing rain dangerous time. for most. of the. on thursday police began searching offices at deutsche bank prosecutors say staff at germany's largest financial institution might have helped customers set up offshore companies to launder money. after a series of scandals in recent years the new accusation could hit the bank card. def adopt a gap see the suspicion arose in the summer and august of twenty eighteen after the federal criminal police office evaluated data from the panama papers and the
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so-called offshore lakes. and this evaluation but to this is special in that deutsche bank was helping clients set up so-called offshore companies in tax havens . and from their money is said to have flowed to deutsche of bank without the bank reporting any suspicion of money laundering us. inside. the allegations alone are enough to weaken an already embattled bank shares in deutsche is saying to their lowest levels ever on friday that the bank was quick to present its view of events yvonne donzy i love eleven we believed that we provided all relevant information to the authorities regarding the panama paper case of course will now cooperate closely with the public prosecutor's office in frankfurt it's also in our interest that the facts in question are quickly and entirely cleared up . attention will now turn to deutsche as boss questions even he's only been in
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a top job since april but he's been at the bank for decades and already faces the challenge of reversing years of losses now it'll be up to him to address accusations that deutsche hasn't only been mismanaged but involved in far shady or potentially criminal business. pharma major by a as planning to cut around twelve thousand jobs over the next three years that's a tenth of its workforce according to the company the move will help it focus on its core activities but that's not the only reason for it. two months after the german company bought american crop science giant monsanto in june for a hefty sixty three billion dollars a us court ruling ordered by a to pay multi-million dollar damages to a cancer sufferer. the judge said its newly acquired subsidiary should have warned users about the cancer risks from its roundup herbicide the
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company's shares have been under pressure sense then losing thirty six percent since the beginning of the year because of the monsanto takeover buyers' german crop science division will be among the hardest hit there are now many divisions that the company has two of. the factories like this one in lordstown ohio were part of donald trump's plan to revive america's industrial base but now it and four other factories general motors plans to shutter won't be making anyone great again at the start of the week the american car maker announced a complete restructure the move will involve closing five factories in the u.s. and canada and cutting a total of fourteen thousand jobs the plans are part of a cost savings program at g.m. which has among other things seen price hikes in steel imports subject to new tariffs additionally the auto giant says it will end production of models with
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weaker sales and focus on more innovative areas like electro mobility and autonomy vehicles the u.s. president was apparently angry about the announcement that jobs would be lost on twitter he threatened to slash federal subsidies including those aimed at developing electric drive alternatives the canadian prime minister echoed trump's sentiments. disappointed by g.m. is decision regarding their clients in the us well as part of the global restructuring our thoughts are with those those whose jobs will be affected and their families but most disappointed of all our g.m. staff that will be affected i've been here twenty years i've been through closure scarboro i've been through a closure in london i moved my family twice for this company and they do this to me tell. the five g.m. plants will halt production next year laying off thirty three hundred production workers in the u.s. . and about three thousand in canada the company also plans to trim administrative staff by eight thousand. one
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hundred billion pounds annually for the next twelve years that's what breaks it will cost the british people at least that's according to a new study commissioned by proponents of a second referendum it predicts that both trade and direct investment in the country are set to nosedive the more neutral bank of england also predicted dramatic consequences if britain crashes out of the e.u. in the hard hit. by the end of twenty twenty three g.d.p. is more than ten percent lower in the disorderly scenario compared to that may twenty sixteen trend the bank also said if the island nation has to leave the e.u. and a hard hit the pound could plummet twenty five percent against other major currencies even so it's still far from clear that a recent may will be able to push your agreement with the e.u. through a combative british parliament although she's doing all she can to give things
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a positive spin on what we see behind the analysis that we have published today and indeed the chancellor recognise this morning is that our deal is the best deal available for jobs and our economy that allows us to honor the referendum in an area and i see opportunities all right see. the analysis carried out by the government also shows britain's economy will suffer even if the deal goes through. so the big question is just how bad will the damage be shortly before the vote on december eleventh breaks it remains as contentious as ever. the highest court in bangladesh is kicking out a team of inspectors put in place to ensure safer working conditions in the country's textile sector the group was set up after. one of the most deadly industrial accidents in history. over a thousand textile workers lost their lives when the run up plaza complex on the
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outskirts of dhaka collapsed and twenty thirteen labor unions called it a mass industrial homicide inspectors were brought in to oversee safety improvements in more than twenty three hundred of bangladesh's garment factories which supply clothes for big global brands like and prime mark many experts are worried that the bangladeshi government is taking over the monitoring duties they say it's far from prepared to do so in other news from the textile industry this week german clothes discounter kick is being sued in a german court by plaintiffs affected by a deadly fire at a pakistani subcontractor six years ago a decision and that case is slated to be announced at the beginning of january. the country hosting the g. twenty is experiencing a deep economic crisis and is dependent on outside help thousands of citizens have
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been protesting in the run up to the international summit which is taking place in a south american country for the first time but argentina's government hopes the g twenty will bring fresh economic impetus and new agreements like one on meat exports to the u.s. which was signed a few days before the agreement if. it's an excellent opportunity to hold productive bilateral meetings with the various countries and sign agreements on what's happening. and it's also an opportunity for argentina to show that we're honest facilitator to approach positions in a complex global situation. but the g twenty will certainly not be able to solve the crisis for many small firms in argentina like industrious clamored a woodturning company. these machines haven't produced anything for years but it's not because they're broken there's just no one left to set them in motion
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industrious camel was founded over thirty years ago by a german couple in a suburb of pointless iris and good times they had twelve employees now there's just one. there were three years ago the company had a downturn but even before that we felt the crisis for example a lot of our work is done in china these days so the services come from outside the country and they can produce cheaper and have better conditions than we do here it's hard to compete we have tax burdens of all kinds and the currency the argentine peso gets devalued all the time. all the backs paid into the state retirement fund for decades their pension is still very low only eight thousand pesos apiece the family can barely make ends meet. a dozen former employees and their families are suffering from the shutdown of the company eduardo garcia lost his job after twenty eight years at the age of fifty five he's
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not likely to find a new job so like many of his country people he now makes ends meet as an uber driver. serum o.t.c. is a happy mother one of her newborn twins is out of danger after having complications during delivery. my babies were distressed at birth the incubator has indeed saved them because they're not as bad right now. sally. krisna samba is the brain behind this lifesaving incubator that he named savant genius. the ugandan scientist is helping this public health facility and central uganda to manage emergencies among newborns. as of today we have managed to save over ninety
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two babies who looked into the eyes of days actually some of them passed out at some point. so. there is. we have seen that once there is. equipped with more than three hundred seventy sensors the incubator has over two hundred failsafe features it makes oxygen from the atmosphere regulates temperature and monitors the baby's brain. hospitals and uganda imported equipment mainly from the united states and europe but they have very limited budgets and can't meet the demands. procuring medical supplies from abroad has been a point of controversy with public officials often accused of fraud. and the government here hopes that empowering a local innovator likeness some could be a solution and that in the long term buying from home could help to bring the cost of medical equipment down. and that was the week
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that's the nickname of this electronic waste dump in across. but for those who know . it's also a treasure trove. can inspire create. a salvage what they can from the farm reach a throw away her. and her with a gun and let me. say this. condron german streets on the dublin. the thirteenth meeting of the g. twenty will be taking place for the first time in a south american country here in one of cyrus argentina a country struggling with an economic crisis an increased coverage of the great
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good will the nationalists trade agenda of u.s. president donald trump dominate this encounter and will it undermine to make something that something like infrastructure for development and the future of work and sustainable food today and u.w. news. oh i'm welcome to drive with a v.w. motor magazine coming up a compact with a kick a new ford focus tony or. a ship sudan from france the peugeot five zero eight. and the portion.
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