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tv   Business - News  Deutsche Welle  February 14, 2019 2:45pm-3:01pm CET

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this is business d.w.i. as in berlin welcome it's a common sight of our ports all over asia the airport airbus a three eighty but make sure you catch a glimpse of the biggest airliner in the world before it's too late because it will stop making it in twenty twenty one that could lead to massive need to massive job cuts at the european plane makers factories in britain germany and france pulled the plug after major orders by australia's qantas and dubai's emirates were cancelled and the super jumbo took flight in two thousand and five had promised to revolutionize after all but failed to deliver on expectations. the final chapter is closing on the world's largest passenger jet the a three eighty took off for the first time in two thousand and eight it can hold up to eight hundred fifty passengers if needed. the company had hoped that the plane would squeeze out boeing seven forty seven and revolutionize air travel passengers have always been big fans
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of the three eighty and have given the plane high marks for comfort space and for the quiet ride but airlines have been cautious about committing to the costly double decker planes and in the end they just weren't willing to pay the massive price tag to own the fine be a month at the annual press conference in toulouse france airbus c.e.o. tom enders acknowledged the plane is outmoded. i think what we're seeing here is the end of a large four engine aircraft and that is what it is i mean there has been speculation. for years that we were ten years during the three eighty thing becomes clear when we were probably at least ten years too late the a three eighty had troubles from the start including tensions between airbus is french and german management and protracted production delays and cost overruns those prompted a company restructuring that cost thousands of jobs after quantas cancelled eight
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orders and emirates cancelled thirty nine the company says it will simply put an end to production of the a three eighty by twenty twenty one. well it's been clear for a while that the a three eighty was struggling its very first customer was singapore airlines which leads two of them for one point seven million dollar each month both planes are now out of service singapore didn't renew the contract leasing from struggle to find a new client super jumbos are now still parked in france where their engines been removed and singapore is where we now go to talk to do the financial correspondent linda holmes who is hopefully with us yes linda. economies of scale typically the way profit margins improve and in a three eighty was was built for that purpose really but it doesn't seem to have a lot. yes that straggler had you know of the italy or jumbo jet were they to
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require more fuel in absolute terms than the smaller rival models and this would actually mean that every plane has to be full in order for it to be able to meet its profit margins or even come up with a profit because every single on so take it would actually create fears for the chief financial our operators because it needs that that would actually mean that they have to pay for the fuel without an empty seat and this is one of the reason why the eighty eighty is not as attractive as the smaller boeing seven eight seven or even the. a three fifty and of these twin engine jet and then boy enough to fly directly to where people want to smaller parts and eighty eighty are so much bigger you need much bigger airports for that so that is actually a problem in itself. and this is also one of the reason why despite the fact that we have seen passenger and. record highs in recent years we haven't seen the
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catering to popular. there lies then said i mean they got rid of first too hard that fat in general with yes really. well you know they actually quite missed being to come up with wall products and they have committed to invest about a hundred and fifty million u.s. dollars that's committed in its latest and you'll be hard to install the new products for cabins in a three eighty n s i e v one of the premium allies there would always want to have classy things to cater to those passengers with more money and more pockets to pay for such luxuries but on the other has as i had actually been having a little bit of problems trying to find people trying to buy because it's retail value hasn't been dead because eighty eighty such an issue market so it's quite difficult for as i need to find bias when you want to sell at epping.
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in the hong and singapore thank you china's exports have returned to growth in january after a shock decline the month before overall exports grew by an impressive nine point one percent even though analysts in december projected they would shrink of that's a very good news for beijing but it's a different picture when it comes to trade with the u.s. the trade wall has had a public fact on chinese exports in january january that fell by two point four percent but it's still no win for u.s. president although trump u.s. exports to china an astronomical forty one point two percent evidence can be seen in america's agricultural sector where more than ever declaring bankruptcy while u.s. china try talks have moved to a higher level today in a push to deescalate a tariff wall ahead of the march first deadline for
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a deal. when chinese vice premier leo her greeted u.s. treasury secretary stephen minuit chin and u.s. trade representative robert like it was the little gestures that mattered each man took turns to stand in the middle in china such as switching of positions is a clear show of respect something chinese state media were eager to point out both sides seemed relieved by u.s. president donald trump's apparent willingness to push back the march first deadline by sixty days he says he'll do that if the talks get closer to reaching a deal. but beijing knows such flexibility isn't likely to come cheap the u.s. wants china to make sweeping reforms to protect american intellectual property and curb industrial subsidies failure to make progress on those issues may define the road ahead to end any extension to the deadline would be denied meaning that on
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march first two hundred billion dollars worth of chinese exports to the u.s. would see tariffs shoot up from ten to twenty five percent to put that in perspective that's hoffa of china's exports to the u.s. . quickly go to our markets reporter in frankfurt only but only what's the feeling on the markets will there be a deal and if there's no deal a surprise then already coming expect a shock. you can expect the shock of the markets will be rattled and they will hurry down south and there will be no catching your breath how long such a spell of shock and a downturn would last nobody here really knows but they know that it would come with a heavy price if that news indeed were hard news and it came i talked to a trader just earlier before we went on the air down here and he said as much he says though that for the moment a deal is priced in and saw the market where it's at people are you know halfway
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optimistic trader says you never know with the u.s. president there quick changes of direction that are always possible but with the kind of high level delegations that are meeting and china and what's at stake for both sides people say they're pretty well has to be a deal. we bought a plan thank you. even though china is not one of the big names in sports disciplines conducted on snow and will host the winter olympics in two thousand and twenty two the country is already being peppered with brand new c.e.o. results and one of them is time. i'll tell you. jambos day begins with a woman he just began taking snowboard lessons yesterday yambo is china's skiing future one of the st hundred million new winter actually the country wants to have by twenty twenty two as part of
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a national fitness plan. my mum says i can fly with my snowboard. jambos mother is watching from a distance and calculating two lessons close to the equivalent of one hundred twenty euros this middle class family can afford it and ones too. when my son attends the ski school here he can make social contacts besides snowboarding is cool and it's good for his health too. that's music to phil chen zia's the director of the resort is aiming to attract china's so-called new elite people under fifty with money and leisure time. those willing and able to spend one hundred euros a day on lift passes and rental ski's how these are sound i tell you not only wants to be china's number one but number one in the world. next to the ski resort
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is a huge construction site this will be the location of the elim pick village for the twenty twenty two winter games the thirty cranes a building to the tune of billions among other things the tracks for the high speed trains that will shuttle passengers here from beijing in just forty five minutes apartments are going up right next to the slopes china's millions of winter sports aficionados will need places to stay ever more ever bigger consultant justin downes is also profiting from the boom the chinese government wants to build eight hundred new ski resorts by twenty twenty two there's a lot of growing pains. you know there's a lot of money and infrastructure being thrown at this industry right now both from the government side and the private developer side but the market and the capabilities within the industry in china cannot keep pace with it so there's
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there's a lot of i guess you know organic growth to it. as in time whew this satellite image shows the ski area off to construction began the same spot a village was demolished to make way for tie with the residents who have relocated when it's finished here there will be two hundred slopes and fully five lifts all the snow artificial the investments amounting to some three billion euros with a bill and expected to make in people to come to speak here every year. and that's had from a study to put it on the news that's up next right after this quick check on global markets.
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costing. good singer. thus you can think you know i call. this the. comma is from iraq he's made it as far as a let down wants to get to the u.k. brazil. is already tried once but failed. in ninety minutes on d w. two stories the people of the world over information they provide the opinions they want to express g.w. on facebook and twitter up to date and in touch follow us earth. home to millions of species a home worth saving. and those are big changes and most start with small steps global ideas tell stories of creative people and innovative projects around
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this is deja vu news live from berlin the u.s. tells europe to get on board with us policies against iran u.s. vice president mike pence calls on european allies to pull out of the iran nuclear deal and stop trying to break up the u.s. sanctions. also coming out farewell to the superjumbo european aviation giant air bus pulls the plug on its double decker a three eighty because airlines just aren't buying and nothing of that. hurts in syria wonder about their state tests the u.s. prepares for withdrawal from see.

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