strong words on bragg's there from one of europe's top business leaders air bus c.e.o. tom enders lashes out of brakes the tears he says are threatening thousands of air bus jobs in britain ender's says there are plenty of other countries who want to be build aircraft components. and slumping economies an ongoing trade dispute and don't forget brags that the global elite in davos may want to talk about the economy of tomorrow but the problems of right now keep getting in the way. i'm stephen beard symbol and thanks for joining us airbus boss tom enders had strong words today about what britain's divorce from the e.u. could do to his firm that in a video message to employees interest said that if the two sides can't come to terms that is if no deal brags it does take place the aircraft manufacturer could

withdraw its operations from great britain have a listen. to this frightening to destroy a century of development based on education research and human capital it was a no deal breaker we have there both will have to make potentially very harmful decisions for u.k. decisions about workers eleven thousand five hundred work directly for air bus in britain they build the aircraft's wings here if you count all the affected suppliers britain counts one hundred thousand valuable industrial jobs in the aviation sector that are in danger from brakes it. please don't listen to the brakes it is madness which asserts that because we have huge plants here we will not move and we will always be here they are wrong so there are plenty of countries out there who would love to build the wings for elbows aircraft. airbus is actually a success story the cross border cooperation between germany france spain and great

britain has produced a globally successful aircraft manufacturer briggs it will throw a monkey wrench into the system and great britain once the spearhead of aviation is on its way to in significance according to the airbus c.e.o. andor says the blame lies with the politicians. it is a disgrace that more than two years after the result of the twenty six thousand referendum businesses are still unable to plan properly for the future and we'll all with many of our peers have repeatedly called for clarity but we still have no idea what is really going on here. the annual world economic forum meetings in davos are meant to focus on global business and particular development in investment in emerging economies and with an emphasis on digital transformation yet this year has been especially focus on the current challenges facing the economy

a trade dispute an impending slowdown and of course brags that the outlook from davos inspires peace and serenity. but on the ground not just at the w.f. it's a world of growing antagonism and polarization a world in need of a more conciliatory approach says the world's top diplomat if i had to select one sentence to describe the city of the world i would say we are in a world in which global challenges are more and more integrated and the responses more and more fragmented and if these is not the first it's a recipe for disaster. bragg's it is a case in point with the e.u. and britain no closer to agreeing on a deal for their future relationship with a hard exit now a distinct possibility the head of the bank of england fears businesses will not be prepared for the hard consequences systems there are

a series of logistical issues that need to be solved and it's quite transparent that in many cases they're not so poor infrastructure is not there border infrastructure is not there to the extent that it would need to be for jumping from an absolutely seamless trading environment to one with friction. frictions that while inevitable some say must not be allowed to get in the way of more important long term issues for france's finance minister reinforcing europe is now on the priority front and we are far more concerned about the future of europe whole to be more united whole to have a strong continent between china and the us and then about to do. and as the impasse continues in britain opinion among the other members of the e.u. over the union's future appears more divided than ever. and let's step away from davos and take a look at the markets in new york our correspondent yens korda is standing by yen

some negative trends today u.s. commerce secretary wilbur ross saying trade talks with china are close to resolution and of course that continuing government shutdown investors don't really seem bothered today what's going on. yeah that was really interesting to see because there would have been plenty of reasons to sell into this stock market mess you mentioned commerce secretary. was saying in an interview with that the u.s. is miles and miles away from reaching a deal with china we had quarterly results from ford to missing profit expectations and for the past year actually profit got caught by more than enough but still the stock traded to the upside we get reports that the big u.s. airlines could face some trouble with the ongoing shutdown but airline stocks rallied by a good six percent with strong quarterly results from american airlines and south

west but wall street could face a real test now on friday because one of the strong sectors on thursday were the chip makers having the best day in about a decade but then after hours we got the results from intel and they missed the revenue expectations and the stock dropped like a rock by about six percent in after hours trading so that could mean a shaky environment especially for technology stocks shortly before the weekend something to keep an eye on for friday yens quarter there for us in new york thank you he ends. now back to europe where the european central bank in frankfurt said it was not raising interest rates at its meeting thursday and it gave no indication about when they might be raised investors largely interpreted the statement as a signal that the key lending rate who remain at historic rose lows for the rest of the year the e.c.b. is widely believed to be in favor of raising interest rates but is reluctant to do

so with the economy now weakening in many parts of europe. renault has appointed michelin boss. as its new chairman the move follows the resignation of legendary boss carlos ghosn whose arrest on financial misconduct charges has rocked the french carmaker and its alliance with japan's nissan. is a nod will become chairman immediately the company said deputy chief executive tyria below will take over goans other role as c.e.o. as the nod sixty five now faces the task of soothing relations with renault's japanese partner and resuming talks on a new alliance structure to cement the twenty year old partnership. now for another carmaker volkswagen became the world's top auto maker by selling internal combustion engine vehicles but has big ambitions for electric vehicles of course there are hurdles to overcome and my colleague of mine whale acosta claridge

caught up with company c.e.o. have a decent today at the world economic forum in davos to ask about just one of those problems the lack of investment in batteries. we have at this the french minister and the german minister say both sets here in davos that yvonne to push for production of eat better east in europe what we think about the idea i think there is a very positively because i'm just coming from this morning's meeting touching on electric cars and i think it's ruled by a very positive sentiment about it so there we will see many electric cars on the road starting twenty twenty all over the world are in many countries of the. i would say even that charging networks will be the in a few years time also worldwide the biggest constraints might be better respect to sales because investment being necessary there is huge a we only have. basically sri asian relevant

suppliers three four asian relevant suppliers so to heaven the european competitor would be very beneficial for the whole industry so i fully support the effort and what is necessary so that it can back because you are saying it they expensive so who's making the investment you know it's it is a lot of investment. on the other hand i visited startups in china five years ago and they are now one of the biggest cell producers worldwide cell production will be the biggest growth segment in the rules in the industry from my point a few so there's a lot of benefits coming in but it requires a big start up investment to start production to start a science i think it's rest well no it was there will be the return in two years' time but for sure in five or ten years time where do you see the future for your

company for its widen with the mobility. yabby are currently we are investing heavily in electrical billet in more than thirty. willian worldwide heavily in china then coming europe we're building up also infrastructure for electric cars reinvesting in bettery manufacturing ourselves as well so we do a lot the next big change to come will be that the the car will become really a smartphone on wheels an internet device so we have to invest a lot in software skills in software development in platforms there's probably the next wave which we have to initiate it's will be my major task in two thousand and nineteen and then on the horizon then it comes to autonomy striving to the next generation of cars of mobility it's also requires additional investment so it's an interesting industry for the moment which. and that's it for us in business i'm stephen beardsley here in berlin thanks watching fox.

news.

while. i'm not proud they will not succeed in dividing us about not succeeding taking the people off the streets because we're tired of this dictatorship. taking the stand global news that matters. made from minds. every journey begins with the first step and every language the first word i'm looking for nico is in germany to china. why not learn italian. to suffer in simple online on your mobile and free. t.w. zingy learning course. german made easy.

time for an upgrade. how about furniture that grows all buying. a house with no looks. or design highlights you can make yourself. in the sticks and tricks that will turn your home to something special. upgrade yourself with v.w. interior design channel on youtube.