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tv   Business - News  Deutsche Welle  February 7, 2019 10:15pm-10:31pm CET

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susanna gill broke the women's time record i'm tired from this ring that while all right you're watching the w. news coming up next in the w. business the former king of the skies the airbus a three eighty might be one step closer to being grounded i think a man by the name of steven is going to be here to tell you why stick around for the. birth. home of species. were saved you can. get those are big changes and most start with small steps to. tell stories of creative people and innovative projects around the world. news that
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could turn. to screen image solutions and resources should. be interactive content teaching the next generation about environmental protection. using channels available to inspire people to take action. and more determined to build something human for the next generation. the environment series of global three thousand. the day before a crucial e.u. vote on a russian gas pipeline to germany and suddenly the massive north stream to project is under doubt despite the fact the work is already underway i'll give you the latest. also the latest blow to a digital giant in europe germany's antitrust office telling facebook that its data
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collection across the internet and on its mobile applications is competitive. and air bus in trouble australian carrier quantas cancels a large a three eighty order raising more questions over the future of the world's biggest liner. thanks for joining us it's been years in the making a second north stream pipeline to deliver russian gas directly to the german coast though controversial projects not least given his geo political implications north stream two has survived with just enough support across europe now on the eve of a critical vote that could be changing here's a look at the project construction of the north stream two pipeline is already well underway but the face of the project lies in the balance e.u. members have not yet agreed on how to proceed and germany and france in particular appear to be at odds over regulation of the pipeline but transport gosford russia
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to germany via the baltic sea the project in its current form is operated by russian state energy company. several german energy firms and one french company have also invested and. at the heart of division within the e.u. is a plan to extend the blocks rules to foreign operations pipelines e.u. regulations require separation of sales and pipeline operation activities should those rules be extended to gas problem it would mean that the project in its current form at least could not proceed. four hundred forty five million dollars that's the price tag for a single a three eighty jetliner from air bus the super jumbo was supposed to revolution revolution allies long haul flights but now it's turning into a terribly expensive shell fogger the australian airline quantas just for withdrew its order for eight of the jets and that puts a four billion dollar hole in air buses bank account is the time to scrap the a
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three eighty. it's the largest passenger plane in the world the a three eighty is the pride and joy of the european aircraft group airbus but as orders for the a three eighty kept plummeting the group was forced to reduce annual production from thirty to just eight aircraft this year and those eight have yet to be delivered. quantas dropping the planes represents a four billion u.s. dollar loss for the european aircraft manufacturer and it's raised doubts about the future of the a three eighty itself the australian airline ordered the jets in two thousand and six but since then they've switched to lighter more fuel efficient passenger jets a worldwide trend the a three eighty is too heavy and uses too much jet fuel which wouldn't be as much of a problem if fuel prices had gone down but instead they've almost doubled since twenty sixteen. so it's not surprising that another major airbus customer is taking off to the dubai airline emirates allegedly wants to cancel its existing orders for
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fifty three units at least in part that could mean the end of the world's largest passenger aircraft. so the a three eighty certainly hasn't been airbus is a cash cow with a price tag of nearly half a billion dollars it's been steadily a steady contributor to the company's revenue and overall air bus has managed to put two hundred thirty four of the super jumbos in the air not bad at all for the golden times of roughly eighty orders per year those are all but over three years of ups and downs the books are almost empty even worse orders are being cancelled with quantas airways scrapping their eight super jumbos and emirates reconsidering its own orders a three eighty could soon be gone for good. on germany germany's federal cartel office has ruled that facebook's ability to to rake in personal information outside of its namesake platform that is across the internet and its various other apps represented and competitive behavior and that's
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one more blow for the tech giant. the focus was on that day said facebook collects from third party website examples include the like and share buttons under news articles similar functions are unable to admit instagram and what's up not for the . according to the ruling these data streams give facebook an overwhelming advantage in the digital advertising market is this officials argue requires users consent. is being used as a given is it was for the whole conclusion is that facebook. data on its platform invited. facebook facebook can also continue to gather data on its other services like what's up or instagram or on third party sites. but they may in the future collect such data only with the user's explicit consent
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. indy's it's. very clear i did like in most countries facebook is the leading social media network in germany it has more than thirty million users it also owns the second most popular social network instagram which has some seventeen million users that leaves the competition far behind. facebook said officials underestimated the level of competition it faced within the country it's vowed to appeal. it has a month to do so and fear must offer remedies to the cartel office phones the decision is the latest by european officials to challenge the market dominance of american tech the firms and reorient data practices to favor consumers last year the e.u. interactive regulation to allow users to view and withdraw their data online and member states are still debating a special tax for digital firms. let's go to court our financial
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correspondent new york yes we wanted to ask you about facebook but there's some big news in the u.s. china trade dispute president trump saying that he will not meet president xi jinping of china as expected before this march thirty first trade deadline how are markets taking that. well markets reacted to very negatively at the low of the day of blue chips and lost the three hundred ninety points in value by the end of the day we could recover some of the losses and the market was down two hundred twenty points so the big question now certainly is what does that mean they're not meeting does it mean that it's more likely that there was the deadline approaching march first terrorists will be increased from ten to twenty five percent they were also remarks from some of the economic advisers to the president from larry kudlow who mentioned in an interview that there is still
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a huge distance between china and the u.s. when it comes to the trade talks or that certainly was one of the main reasons why wall street traded lower younger say and then something else that was moving markets today twitter releasing its fourth quarter and its annual revenues and some good numbers there but the markets didn't really like it. yet at first glance everything looked picture perfect record revenue in the fourth quarter for the full year the first full year that was profitable for twitter online coming in rather strongly and the stock was down by about ten percent well first of all twitter did lower their revenue for cost for the first quarter so that just started they're also talking about higher expenses by at least twenty percent for training nineteen and then also when you look at the number off a monthly active users those figures dropped for the third consecutive quarter and
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now twitter decided in the future to not actually publish those monthly numbers anymore but rather they will publish a daily numbers daily active users but there's no real comparison to those figures yet so that means less transparency and that was another reason why there was this negative reaction on wall street in quarter there for us in new york thank you hans and now another american tech giant google warning easy legislators not to stifle europe's online creativity the european parliament is due to publish its new copyright directive which is likely to have major implications for online platforms google which owns you tube says the draft legislation is not carefully balanced and would harm the video sharing sites creator community the bank of england has slashed its forecast for u.k.
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growth this year fleming brags that it's downgraded growth projections from one point seven percent to one point two percent predicting the worst performance since the recent financial crisis the bank's governor mark carney pin the downward adjustment on the global economic slowdown and what he called the fog of brags that u.k. growth slowed at the end of twenty eighteen and has weakened further this year. something similar from the german economy is it losing steam the german chambers of industry and commerce has sliced its twenty one thousand growth forecast for the nation in half to a point nine percent and the latest indicator of a slowdown as a consequence the e.u. has slashed its eurozone growth forecast for twenty nineteen block now expects eurozone growth of one point three percent this year a big cut from the one point nine percent predicted in november germany is the e.u.'s largest economy. the first ever major offshore oil and gas discovery has been made off the coast of south africa french oil giant total estimates the field
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could produce at a billion barrels that's enough to supply south africa's refineries for four years as likely to lead to a rush by oil oil explorers to find further deposits off the country's coast. and that's it for me in the business team here in berlin as always you can find out more about these and other stories at com slash business i'm stephen beard zebulon thanks for following us.
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enter the conflict zones confronting the powerful. the situation in venezuela could be primo company markets this week here in brussels it is some cocoa better known as way those passages of the european union put a record of the cooling human rights abuses committed. to stay in office.
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her first day at school in the jungle. first including listen to the. band doris crane the moment arrives. join the ringgit tank on her journey back to freedom. in our interactive documentary. story on. returns home on d. w. dot com all right your time. this is news africa coming up in the next fifteen minutes. will hear from the medic as the fishermen who say they're being bullied by chinese will tell you why a billion dollar fishing deal with china has drawn a lot of critics. and some of the world's most dangerous cities all in africa. who is trying to make crime ridden neighborhood in kenya.

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