it's one of boeing's best selling jetliners and now it's grounds that around much of the world the e.u. joins a growing list of countries to suspend the seven thirty seven backs up to two crashes putting even more pressure on u.s. authorities and airlines to do the same. and folks wagon report solid numbers for twenty eight hundred the world's largest carmaker can't get caught looking in the rearview mirror challenges are ahead like brakes that possible u.s. tariffs and oh yeah its departure from the internal combustion engine. walk into the business of stephen beers in for len thanks for joining us. flight regulators in the e.u. joint counterparts in china and other major markets in grounding the boeing seven thirty seven max that after two recent crashes in indonesia and ethiopia the issue

is a sensitive one for the plane maker in particular which faces a tricky act reassuring concern customers and protecting its business. iceland is only one of the lines grounding their seven three seven max fleets by grounding its three max eight aircraft until further notice no we also grounded its fleet of eighteen citing european aviation authorities of the three hundred seventy four seven three seven max airplanes currently in operation around the world some forty percent of now being grounded more than twenty year lines of ground of the plane including norwegian german travel group two we found a number of around the world have only just started building their fleets. and the e.u. has now added to the growing amount of airspace close to the new boeing plane as a global team of investigators looks for parallels with the crash in indonesia just five months ago. boeing stocks have shed billions since monday but analysts say

ultimately they expect things to normalize so number one we think that the boeing planes are safe we think that. a directive to pilots on how to handle the software . there is ways to override the system american airlines. believe the plane saved we expect the order book to be largely intact u.s. carriers say they will continue operating the planes as normal for now but pressure is growing on all storage to take action over the boeing seven three seven max eight many airlines are citing customers frightened by sunday's ethiopian airlines mux a crash which killed all one hundred fifty seven people on board. and let's bring in our financial correspondent new york jose luis to haro for more on the business side of this now as they can imagine looks any better for boeing today than yesterday in terms of share prices what are you seeing there. no it's not

looking any better at old steven since i've been closed down an additional six percent on tuesday or no on a hearing wall street are trying to figure out how much of the current situation will cost the company similar episode in two thousand and thirteen when boeing grounded fifty seven eight seven airplanes calls the company at least five hundred million dollars and given the large seven three seven marks a fleet size the current grounding. more than one point five billion dollars according to some estimates say about the indefinite suspension of deliveries is the real risk here and these will impact a program that accounts for around two thirds of commercial airplanes operating profit and boeing and more importantly move could create disruptions across had to supply chain which is the gearing up for a seven three seven rate increase this year right because as we've seen forty six hundred planes yet to be delivered of the seven thirty seven max is now the f.a.a.

won't ground the planes what kind of pressures are airlines themselves facing a lot of pressure stephen especially the sense that some of the costumers are demanding changes in tickets when they learned there would be flying a seven three seven max a day southwest is a waving they were booking charge however passengers had to pay the prevailing fare time they changed their ticket which usually means they're spending more money unless it was a lot i mean if the ticket purchase an american airlines and united are still charging up to two hundred dollars to switch a domestic flights and seven hundred fifty dollars for international ones also american airlines and south was flight attendants and ground crews have carriers and two to ground the seven three seven planes until more it's known about the crush stocks from both the airlines over two percent on tuesday interesting and they're facing a lot of pressure off just like jose luis de haro there for us in new york. over

the u.k. the pound lost half a percent against the dollar and one point six percent against the euro after britain's parliament again crushed prime minister to resign may's bragg's a deal on wednesday parliament will vote on leaving the e.u. without any agreement potentially unleashing chaos in britain and causing the e.u. some problems as well british business still has no idea of the country will even be in the e.u. in sixteen days time the equivalent of hundreds of billions of euros has already been transferred out of britain and into the e.u. for safe keeping. and over to the auto world the world's biggest carmaker appears to have had a nother banner year folks wagon posting a rise in net profits which top twelve billion euros last year but stricter environmental regulations are squeezing profit margins on its cars in the road ahead looks bumpy to say the least with brags that dampen chinese market and the threat of u.s. tariffs biggest challenge of all is nothing less than a ground up rework of the automobile from an internal combustion engine to an

electric drive system as regulators in europe and china push for cleaner cars volkswagen says it can execute a hair pin turn in its business pumping out twenty two million electric cars by twenty thirty. soon and the end to cars will be produced here so i can is planning almost seventy need models. become a casus it's a systems overhaul. to wide get hurt and you know how to lose it is that we mostly thirty percent fewer employees for econ production than for combustion engines which means cutting jobs and it will be difficult to do that just through fluctuation and semi retirement because that means a good market position will be vital. to such plans are doubtless unsettling for factory workers at the company's

headquarters involve spork thirty percent fewer staff means thousands of jobs are at risk but the corporation is determined to revolutionize production that first the new vehicles will be built three german and two chinese plants many different models can be built on v.w. use new emo billet platform. so it's rooted in the application possibilities of the m.e.b. technology platform range from small city comes through to the e. believe us you can also build small series vehicles like the id buggy with it. dece introduce the buggy only last week in geneva strategy is clear the more models can be produced on one platform the cheaper they are and until economies are affordable for all the shift to emo been a t. will remain an elusive tree. hungary's unions are seeing a surge in membership a trend that follows

a string of labor successes with substantial wage hikes gain through strikes and the mobilization of tens of thousands of workers to protest labor laws not surprisingly some companies don't welcome the new trend. they were through at the end of january algy workers in hungary went on strike paralyzing the german comic closely linked production lines in hungary and in germany it won them an eighteen percent. wage hike taking the lower paid algy workers earnings from eight hundred euros to one thousand euros a month that makes them enviable. climb up public sector engineer and earn around a thousand euros a month nowhere near enough for that position. i used to teach and now i'm retired i get eight hundred euros a month pension andi's union organizers a proud of their first strike pays a lot more in germany but that's not their benchmark. we

orientate ourselves towards the visa grant states poland slovakia and the czech republic the automakers pay more in those countries hungary was always bottom of the league. in hungary each plant has its own individual union union members that miss a d.'s managed to garner thirty percent more pay a month from the company. japanese carmaker suzuki won't allow any union activity in its hungary and operations one worker who tried to set up a works council was sacked on the spot. less is a ton of the nationwide metal workers union is packing this is it. the case is going to court. sure we'll stay in touch with suzuki's management it's not the first time there have been attempts to fountain our own union at the plant but something fundamental has changed where the workforce once used to back down quickly today the workers support the

establishment of their own union. knows december the unions got forty thousand people onto the streets in budapest and protesting the introduction of a six day week and extra overtime they couldn't block the law but it got unions back into the spotlight the wage hikes it and miss avies and the labor low protests have boosted the unions reputation that's given rise to a flood of new members. or people say now that they can achieve more with disputes and strike some protests. some two thirds of algy's fifteen thousand hungary and work force belong to the union that the union had to rent a hotel room for our interview now the won't allow union representatives and the media to meet on the company's premises. new york prosecutors have subpoenaed

for records on u.s. president donald trump according to news reports the lender has been told to turn over records related to a series of trump organization projects including hotels in washington miami and chicago subpoenas come after trump lawyer michael cohen so the trump gave false financial statements to the bank. that's it for us thanks for watching. the from. the be.

if you ever have to cover of a murder the best way to make the accident. raring to. go from having read a book my christmas. list to the streets. six her first day in school in the jungle. her first climbing lesson and then doors grandma always arrives. joining a reckoning on her journey back to freedom. in our interactive documentary. an orangutan returns home on t w don't come to tanks the floods have

taken everything they own now despair is a god left climate refugees. they seek shelter the capital to come. but even here the waters are rising. the floods are coming and. starts march twenty. six. this is the w. news africa coming up in the next fifteen minutes a historic win for protest as in algeria after press that's what's at stake i agreed not to run again but people are still out on the streets gavin mounding i mean the media it's changing. also in the show it's just possible consent.