tv Business Deutsche Welle March 29, 2019 4:02am-4:16am CET
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bracing for brides it but for what kind of break that how and until when german companies doing business in the u.k. see their struggling to get ready. also on the show a big bill for a buyer millions of dollars have been awarded to a gardener who says buyer owned weed killer roundup caused his council. and turning trash into treasure we meet a woman and gone making jewelry and furniture electronically. welcome to the business i'm in 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 under prepared for what its departure from the you could bring. with us is 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 you're going as far as a quality means 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 is desperate for answers when will be the break suit 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 on the u.k. side the result with the british parliament apparently still some distance from answering those questions next aspiration 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 cancer roundups manufacturer was
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recently bought by germany's buyer it's not the first time the seed agri 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 hard tonight and 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 monsanto 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 eight team 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 of us and we know today that because of the american securities laws a player couldn't look into the charges against monsanto nor into its books so it was 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 he. and his company would appeal the verdict. we are convinced of the safety of life was safe as are regulatory authorities. and if you 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 a different position would be taken in the next instance for more on this i'm joined now by hans cord to our financial correspondent now buyer seems pretty committed there to defending round up do investors think that's wise rover on top to spin the main if not the only reason why buyer acquired one son joel in the first place that if they would get rid of roundup now all that would have been
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been left from monsanto basically would be those you would show me lawsuits to maybe to exaggerated a little bit so but certainly there is the big question of 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 right ailing company list 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 live to make
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chile 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 gym industry here in the united states behind jim hoover 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 factory or 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 tell you the view from wall street there courtesy of the dns court that thank you very much. the world trade organization says the u.s. provided illegal state supports 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 as 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 x. 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 dumps for electronic leftovers our correspondent spade caught up with one woman sifting through the waste to create works of art. pretty cool earrings
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right well they're made from you west these comfy chairs are also up cycled just like these funky coffee table design a painting turns trash into treasure she finds material and book. site for electronic waste it's a place where old computers and keyboards wind up along with stocks of car tires the smell of burning rubber fills the air a lot of people hear upon the trash to recover pieces of coal power that they can fill on. my tears of pain it's not hunting. she's on the lookout for inspiration the worst. for you so we're trying to find a solution to this problem a story not all small we also need to get climate change we decided to come here for we used. to says hordes. like kill
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those projects require time and teamwork but checked with 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 a 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 can do more. for us on the second one is machinery as you can see around me have just simple to work with. if we're able to have your machines will be able to produce more in faster as well. matilda paint regularly exhibits have designs conferences objects not only. our eye opening to. me and the business team here. and berlin for more business news and features check out dot com slash business
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from one in germany twenty one uses easy to our website do debited come smash africa join us on facebook w africa. earth a home worth saving google will do is tell stories of creative people and innovative projects around the world ideas to protect the climate and boost green energy solutions by global warming to get some bimbo in the series of global three goals and on d w and online. this is deja news africa coming up in the next fifteen minutes two weeks inside killed it dies smashed into southern africa at last thoughts of affected areas of mozambique lost still stuffed it in a brings about way too many people have lost everything snoopy. from the war tom foreman selling instead of. going green for
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