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tv   Business - News  Deutsche Welle  February 14, 2019 7:30am-7:46am CET

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an extravagant didn't. really know their stuff. with. and to finish. the party and chat with citizens from around the world. groups every week doubling. the. it's the end of a short lived era airbus is pulling the plug on the a three eighty airbus this it will stop manufacturing its a super jumbo jet airliner in twenty twenty one also coming up two days of talks are now underway in beijing as officials from the world's biggest economies
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try to run go and trade a deal before and march one deadline. and a possible compromise over a controversial pipeline bringing russian gas to germany as the e.u. sets out new rules for north stream. welcome to do business i want to get jones in berlin good to have you with us so european aviation says it is discontinuing its superjumbo passenger jet to the a three eighty after a major orders by australia squanto us allies and to dubai's emirates were canceled good news for rival boeing in a major blow for airbus the company had hoped the a three eighty would squeeze out a boeing six seven four seven hundred or missionize air travel but airlines have been cautious about committing to the costly double decker planes the two story a three eighty took off for the first time in two thousand and eight and it seats five hundred passengers. all right let's get some market reaction now straight away
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from our market correspondent ali bods who joins us early in frankfurt is probably still quiet around you ali i don't course we've been talking about the a three eighty for a long time now it has been a slow seller does today's decision come as a surprise. no it doesn't come as a surprise and i think it must come as a relief to people concerned because there were fewer and fewer orders and now with emirates. willing down its orders that was it and you know it used to be the way to go to fly across the atlantic or the pacific with four engines and to pile all sorts of people into a plane like that. but things in the airline business have changed the cost of fuel has become even more of an issue and so planes like this are no longer viable for for for the airlines and of course for engines just use
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a lot of fuel many passengers will be displeased when they hear this because for the passengers it was often a good experience being on one of them was it does add was have something to come for those passages but what's the impact of scrapping the a three eighty. well you know you might look at it as a loss and prestige for airbus boeing but remember boeing is easing out at seven forty seven as well that's a huge plane as well with four engines and the way to go is with two engine planes airbus just for a reported results and we can see the kind of negative impact the a three eighty has in the first flush i saw that airbus reported a huge profit for twenty eighteen but it could have had even more profit because it made a one billion dollar loss combined the a three eighty and the a four hundred military plane. reporting for us from the frankfurt stock exchange thank you so much.
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the united states and china opening another round of trade talks today in what seems to be a much friendlier atmosphere after u.s. presidents trump said she would be open to extend the current trades truce and delay you tariffs for another two months in beijing u.s. treasury secretary steven minucci and trade representative. a meeting. with china's vice premier hugh he who is leading the chinese negotiators on friday chinese president xi jinping will join the talks underlining how important a deal is for the chinese. signals from u.s. president on a tramp in recent days suggest he may extend the traitors beyond march the first u.s. president donald trump spent the day in washington entertaining his colombian counterparts but that didn't stop him from weighing in on the progress of trade talks in beijing . it's going along very well we'll see what happens but i think it's going along
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very well they're showing us tremendous respect and something which a lot of countries didn't used to show the united states they're showing us respect now the difference from the old days i will tell you that so. the deal with china is going very well the economy is doing fantastically the chinese side has been decidedly more discreet tuesday's news that the united states may be willing to extend the march first deadline to either reach a deal or be subjected to another brand of crippling tyrants is likely to have prompted negotiators to breathe a sigh of relief but beijing knows such flexibility isn't likely to come cheap the united states is determined to get china to make sweeping reforms to protect american intellectual property and curb industrial subsidies failure to make progress on those issues may be the real red line marking out the road ahead it is an ongoing saga that's gripped the business world carlos go on the embattled
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former boss a french comic has been detained in tokyo on fraud charges for nearly three months now he's shaken up his legal team hiring a high profile lawyer famous for winning acquittals something rare in japan and that's come amid an announcement that raina will not pay the equivalent of two years' salary for go on a multi million euro. carlos ghosn this new defense lawyer junichiro here in naca had very little to say to the press. team will start making a defense plan that has all. the high profile lawyers famous in japan for his impressive acquittal rate in a country where almost all trials ended in guilty verdicts says he hopes to be able to establish his innocence but he will not be able to count on payouts from his former employers go in was president and c.e.o. of french carmaker or no but the company said it scrapped tens of millions of euros incumbent sation it's also cancelled stock options that it granted to go on but
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that were subject to his continued presence at the company the one celebrated executive has been detained in tokyo since his arrest in the fender he's charged with underreporting his income as chief of reno's global alliance partner nissan the sixty four year old also stands accused of passing off personal finance losses to nissan the european union has reached a provisional agreement on new rules governing gas pipelines entering the block from a third country now the north stream to project a pipeline connecting russia to germany will be subject to those new regulations which include war oversight from the e.u. germany hopes the agreement will help a peace critics all the projects like the united states which has warned of security risks. the compromise looks set to be something all e.u. member states can live with it requires all gas pipelines in europe to comply with
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easy law even those operated by third countries such as russia it stipulates that the natural gas producers may not also operate pipelines that would be bad news for russia's gazprom the kremlin controlled company operates north stream too and provides the gas for it the agreement would allow berlin to work out special rules with russia but the european commission in brussels would have the final say on any exceptions. grouping commissions should take responsibility for the negotiations with such countries or to also rice the member stage for such a negotiation but the end of negotiations all the member states it is necessary to mystify the result to zero people coming in from before signing and if the. north stream has been a point of contention between germany and eastern european members they opposed the first nord stream pipeline which opened under the baltic sea seven years ago now
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north string too will double that capacity when it opens at the end of this year the new pipes could bring up to fifty five billion cubic meters more gas from russia to germany that means that more than half of german gas would come from russia critics warn that this would give moscow too much leverage over energy supplies to europe the trumpet ministration had threatened sanctions against all companies involved in the north stream project but the us is also currently touting its own liquid natural gas as an alternative. at least one hundred sixty five people were killed in the brazilian town off a boom i didn't know when i down broke there at the end of january the investigation into who is responsible for the breach continues but many people already believe the tragedy could have been prevented the dems own a mining company vale has now come under the spotlight just what kind of company is they'll. it was the moment the bruma denio dam broke and the
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catastrophe began for a volunteer the mining company responsible. soon thereafter in rio de janeiro there were protests against one of the largest exporter as a role materials in the world demonstrators believe the company cares only about quick profits not safety and environmental standards. no i don't of snowfall is not the owner of the lot but only has mining licenses but they don't even get that right and they pollute our rivers and kill people. founded seventy seven years ago now faces what is likely the biggest crisis in company history butler has spent most of its time as a state owned enterprise experts say the company can thank the global iron ore trade which fall a ships with its own fleet for its growth. expanded during the military dictatorship even after privatization the one nine hundred ninety s.
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the state is still the majority shareholders of. the two thousand and nine s. hit falling hard the company dependent on global demand had to lay off many people infuriating workers. but more recently things took a turn for the better. profited from increased iron ore demand in china and europe and became a brazilian share index heavyweight. the company massively expanded its mining activities and earned billions in profits. then the first mining disaster the support of a volley subsidiary broken two thousand and fifteen. one thousand people were killed and suspicion mounted. is this with me has always made generous donations to all political parties that may be technically illegal in brazil but it raises questions. part from that these stories only have about a third of the staff they need to as effectively monitor volatile ciscos and
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societies of scholars as a professor in the valley many questions remain in the aftermath of the broom and in your mining catastrophe including whether it was negligent and could have prevented the tragedy. just a quick breakfast up day to britain is currently part of forty three e.u. wide agreements with more than seventy countries britain would no longer be party to these arrangements if it left the e.u. without a deal british media now reports that britain managed to strike only for roll over deal so far with switzerland chile the east and south africa trade union and the faroe islands. as your business update here and the delta is famous for keeping us company and stay tuned to w. news is next.
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let's talk. take a closer look at modern culture from germany and beyond culture. hey this is not. bad for video game music sounded like a. thirty years ago. today's tracks take the experience to
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another level partly thanks to him talk composer. featured in many games his music is bound to. his fans he opens doors to. sounds good. though genre that's so much more than just background music video game music starts february twenty fifth on d w. a very warm welcome to news from the world boxing culture today we have a mixture of film and food for you. film. four is back with the boy who harnessed the wind an inspiring true story of a young man who saves a village. and that movie comes in the middle of
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a heated debate in the film world about the role of streaming platform netflix i'll fill next weighs in. and breaking bad all breaking bread this low from ireland could get you hooked. to it's all edge of four is best known for his oscar nominated role as solomon northup in twelve years a slave now he's directed his first feature the boy who harnessed the wind is a true story from malawi and the film was actually shot in the exact place where it happened and culture met with a cost at the berlin international film festival i'll be talking to film expert scott rocks in just a minute but first more about the film the rains came late this year and now the trees are gone. he's containing fleas and.
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deceased. to anyone who does a good look and that's. the point to harness.

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