tv Business Deutsche Welle March 29, 2019 2:02am-2:16am CET
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bracing for brakes it before what kind of brakes at how and until when german companies doing business in the u.k. see if they're struggling to get ready. also on the show big bill for a buyer millions of dollars have been awarded to a gardener who says buyer owned weed killer roundup caused his counsellor. and turning trash into treasure we meet a woman and gone on making jewelry and furniture out of electronic waves. welcome to the business i'm on in berlin thanks for joining us as the u.k. grapples with how best to leave the e.u. businesses all over the block have to prepare themselves for whatever form it may
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take if it happens at all a new report from germany suggests that's easier said than done. putting aside talk of having one's cake and eating it german confection is it just some of the european traders who want they could struggle with a disorderly breck's it the result of a survey published on thursday suggests forty seven percent of german firms with interests in the u.k. are underprepared for what its departure from the e.u. could bring. with us is stricken position and that's alarming certainly it also reflects the uncertainty of a situation in which all scenarios are still on the table as of today and that it is difficult for companies to prepare for all of those scenarios and therefore hoping for a political solution and in particular that there will be a long a transition period in which companies can prepare for specific scenarios as far as the quality of it will move forward. not one of the one hundred one companies question for the survey said it was planning to increase its presence in britain
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thirteen percent said if the u.k. left the without a deal they would move operations to germany that's one of many ifs that have left german trade as desperate francis when will be the brakes it what shall we do in between what will happen with the european parliament election what will happen with the daily business of entrepreneurialism of exporters but also for all the three million european continental people working in the u.k. side the result with the british parliament apparently still some distance from answering those questions to exasperate of european businesses was perhaps summed up by german m.e.p. yen sky corrected sorry your board of directors or to death. an american jury has awarded eighty million dollars to a man who says the weed killer roundup caused his counsellor roundups manufacturer
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was recently bought by germany's buyer it's not the first time the seed and i agree chemicals giant has lost a major claim involving the product and an avalanche of other lawsuits to follow. it's a great victory for edwin hart in that he took on one of the most powerful agro chemical companies in the world and one the jury said round up was defective and the company deceptive today the jury sent a message loud and clear. that company should no longer put products on the market for anyone to buy without being truthful without testing their product and without warning if it causes cancer why the jurors said the agro chemicals giant had been negligent by not using reasonable care in warning hardiman about its products potential risks last year a court in san francisco also found in favor of
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a grown skipper who said life was saved had given him non hodgkins lymphoma and this is the second case where the jury is shamefully held that round up causes cancer and one thing to do and they are need to take note of that and they need to change their business model and their business practices they are bought monsanto in mid twenty eighteen for sixty three billion dollars it continues to insist the herbicide is safe when used as directed but was share prices sliding almost forty percent since the acquisition the purchase came at a higher than expected cost it isn't we know today that because of the american securities laws about your couldn't look into the charges against monsanto nor into its books so is buying a black box and the risk in buying an unknown entity is being shown right now hundreds of studies have shown life is eight to be safe while many others have found it a health risk after two years of fierce debate the e.u. decided in twenty seventeen to renew the weed killers license for use in the block
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for another five years but no bayer faces more than eleven thousand lawsuits involving round up in the u.s. alone earlier today buyers. at his company but appeal the verdict. we are convinced of the safety of life are safe as our regulatory authorities around direct and if we continue to defend this product rigorously life will say it has also an immense importance for the global food supply we intend to appeal to hardiman case and i'm confident that the different position to be taken in the next instance for more on this i'm joined now by yes core to our financial correspondent hi and now buyer seems pretty committed there to defending roundup do investors think that's wise rover on top to spin the main if not the only reason why buyer acquired months until in the first place that if they
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would get rid of roundup now all that would have been been left from monsanto basically would be those you would shimmy lawsuits to maybe to exaggerate it a little bit so but certainly there is the big question if buyer might have underestimated their legal risk in connection with the monsanto and acquisition and as far as i know it's been the biggest acquisition ever that german company did overseas sold maybe. quite a costly mistake. while i have you on the line and let's pivot to another markets moving topic now the stock of riding ailing company lift begins trading friday as we know notable also because it hasn't made any money yet is profitability really not that important to investors anymore. well in general investors are looking at the future and not at the pos but you're right because the management of lift i'm
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actually said themselves that lift is not going to be profitable anytime soon and having that said they have been quite successful in the past two years said just last year they more than doubled their revenue in the past two years them more than doubled the amount of riders even if they're still the number two in the industry here in the united states behind jim over it's a huge hype that we're going to see on a friday and it's not just the biology of this industry it's will also be the first of the so-called corns to go public this year unicorns meaning companies that are not traded in the changes yet but already have a valuation of more than a billion dollars and starting friday list will have a valuation of more than twenty billion dollars almost the same as the european american common your fact are a few of chrysler so certainly a quite healthy value
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a physician if it's going to be justified so well future will top. the view from wall street there courtesy of the dns court and thank you very much the world trade organization says the u.s. provided illegal state support to boeing that's after it ruled last year that governments had also illegally subsidized airbus the rivalry between the world's two biggest plane makers is one of the authority s transatlantic trade disputes both sides have threatened to not have sanctions over the subsidies the decision comes as boeing faces its first lawsuit over the deadly crash of a seven three seven max airliner in ethiopia earlier this month. and now we take you to the outskirts of the good man capital that's where you'll find one of the world's biggest electronic leftovers our correspondent spade caught up with one woman sifting through the waste to create works of art. pretty cool
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earrings right well they're made from you west these country chairs are also upside cult just like these funky coffee table design a painting turned strage into a treasure she finds. at. chris' dump site for electronic waste it's a place where old computers and keyboards wind up along with stacks of car tires the smell of burning rubber fills the air a lot of people here upon the trash to recover pieces of coal park that they can sell on but my future pain is not hunting. she's on the lookout for inspiration the worst get the positives for you so we've got a final solution to this problem a story not all small we need to get. we decided to come here for we must. use this forwards. matilda's projects require time
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and teamwork technique time chair for example to make just one chair a team of five people to travel to a hot workshop two hours north of crop and then whole day it can be frustrating knowing that a lot of resources is stopping the project from growing space is our biggest challenge we don't have a bigger space so we cannot employ more and we cannot do more. for us on the second one is machinery as you can see around me have just simple to work with whereas if we are able to have bigger machines we'll be able to produce more in faster us well. matilda paid regularly exhibits have designs at conferences objects not only. they are opening to. me and the business team here. and for more business news and features check out d.w.
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