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tv   Business  Deutsche Welle  May 20, 2019 10:30am-10:46am CEST

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climate impacts which are greater the more we see already. it's really frightening to watch. play. why are people more concerned. little yellow. stars move 31st on d w. google boss chinese tech company who are away from some android app dates this is only days after u.s. president trump declared a national emergency over 1000 threats and added to your way to a blacklist. also coming up europe is the world's largest single document but to its member states all benefit from the block success. and another no frills airline starts to falter right as profits are weighed down by the f.a.'s on the
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boeing 757 marcus crisis. business i want to get jones in berlin good to have you with us so google has suspended business with she away restricting its access to some updates to the android operating system she away smartphones will also lose access to some popular google apps it's a major blow to the chinese take company and comes as washington added it to a blacklist of companies u.s. firms cannot trade with. forget g.-mail you chub google's chrome browser on the play store on your smartphone those apps a likely to disappear from future for away handsets outside of china and that's not all huawei will also lose access to updates to google's android operating system google is taking direction from the u.s. government which has added to the chinese telecoms company to a trade blacklist triggering restrictions that will make it difficult for huawei to
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do business with american companies that it's not just google that has cut ties with while away the chinese company won't be able to buy u.s. made chips for its devices any longer. right now qual way buys about $67000000000.00 worth of components each year including about $11000000000.00 from u.s. suppliers like intel qualcomm xilinx and broadcom according to the nikkei business report. tech experts have questioned why ways ability to continue to function without cooperation from the united states the u.s. government considers the company a national security threat and has warned its allies not to involve the chinese for in their 5 g. networks the white house claims beijing could use the technology to spy on the west huawei has repeatedly tonights that allegation he says is going to fight back against what it cost the strangling moves of the us away now plans to use backup chips it's been developing for years and insists the impacts will be limited.
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europe is going to the polls this weeks to elect a new parliament turnout is usually low but this time could be different as a lot is at stake economic disparity within the e.u. is fuelling populism ultimately threatening the unity of the bloc so who's up and who's down germany has definitely benefited from the e.u. with a g.d.p. per capita off more than $40000.00 euros and low unemployment it is the blocs strongest economy things are rather different further south with high unemployment and a g.d.p. per capita of less than the us average greece is still reeling from its debt crisis and looking to eastern europe and some of the non euro zone countries like poland unemployment rates are pretty low but income also lacks behind the average now not taking into account of course is the cost of living which also differs vastly but the bottom line is the e.u.
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still has a long way to go to harmonize its economies and that is something i would like to discuss now with the fabienne and lynn from the a macroeconomic policy institute at the hands butler foundation good to have you with us. first of all i mean we're talking here about economic disparity among 28 still britain is still part of the e.u. member states is equality. economic equality at all possible i think we should at least drive to that this is one of the unique selling points of the european union they told new member countries you can come in and then we have an increase in g.d.p. per capita and for country some countries you see that for poland for a lot of eastern countries you saw a strong increase in g.d.p. per capita father countries greece and spain they left behind after the financial crisis so it's basically what we should do have better policies in place too to lift up everybody ok but that of course requires to still be a member of the e.u.
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we know that britain voted to leave the e.u. because they say they have been better opportunities outside the block how supportive or perhaps how restrictive is the e.u. to its member states so in a way that is restrictive because all the policies that for instance china also the united states puts in place to create new technologies by subsidies and so on to force are not in place and european and the european union at the moment. of course britain could do that out of the block but then it would lead to huge markets that it needs to sell its new products and this is what china and united states have to have strong industrial policies but also a very big market now you just mentioned china and the united states already we're right now in an environment of very tense global trade situation we also have an awful lot of new technologies that it's very hard to keep up with how competitive is the e.u. in its current form i think it is still competitive in you know in the middle of
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technologies like cars and machines and so on but of course we have beginning to look behind because those other countries. do lift up their economies to invest in infrastructure and for instance renewable energy germany has been a leader in the field but has been taken up now by china which is now a leader because of the market also because of unfair trade policies but the european union was not strong enough to counter those. of policies now we see that donald trump is doing it and basically he's doing it to also has a consensus in the american political system but we are not doing that and we are falling prey to those unfair trade practices now the e.u. starts to elect a new parliament starting on thursday in some countries all the way through to sunday how big a difference will it make how important is this election so it's important for the political atmosphere because a lot of european right wing politics parties probably going to be much stronger in the new european parliament but in terms of policies i think it's much more
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important what will happen in the commission and what will happen in the government and that will be later this year and yeah mission heads be elected as well sure i mean this is also this also depends on the majorities in the european parliament which still will still will be a pro european majority in the european parliament but a smaller one so i see that the commission will still be pro european will not be you know set up by right wing politicians. but still it's important but i think what happens is the commission what happens on local and national especially a national election will be much more important funders for policy and for the economic future and the block and that just gave us the perfect idea about the complexity of the european union their fabienne linda from the foundation thank you so much. well times are getting tougher for no frills and lines irish kerry o'brien now reports it made a 1000000000 euros during the 12 months to march representing a 29 percent drop on
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a year ago right there has to stop it as a result overcapacity only of short haul flights it's expecting a further profits drop this year and that's partly because of the night delivery of its new boeing 737 next planes priced voice raging among europe's carriers last week easyjet posted some of the worst winter results in its 25 year history claiming uncertainty over bricks. it's time to bring in our financial correspondent last how to in frankfurt last 829 percent drop in profits year on year that sounds dramatic how serious is it for. all monica it is certainly a very serious here the situation because as you just said there are several factors playing in the late delivery for certain boeing planes is actually not the major point the major point here the major problem is really the price for
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obviously ryan air and all the other cheap airlines they have been in that price for for a number of years and it's only going well for a number of years we have reached prices so low that the companies are getting into a tricky situation they have record numbers of passengers but they don't have much of a profit margin anymore so they're still barely making money and of course it's not easy now to raise prices anymore and how serious the situation could be michael o'leary the c.e.o. of ryan air says himself today we will be seeing more bankruptcies this next year all right well as mentioned i mean last week easy jet presented disappointing figures now right now and certainly looks like now for airlines are in crisis mode is this just a face. i don't think it's just a phase it seems very much to be a long term problem and that has to do with the business strategy here in the sector it's a question is a questionable business model and always has been just lowering fares on and on you
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have now a situation where customers are accustomed to these low prices and they won't pay more they won't be willing to shell out anything else but on the on the other hand you have rising costs for fuel for possibly in the future c o 2 tax and other factors here so there is not really a clear path to a profit margin for these companies. are there in frankfurt thank you so much. turning to cuba now where things are going from bad to worse the government has started to control the sale of groceries and other goods to to shortages it blames in part on the tightening of the u.s. trade embargo as the economy is in crisis mode cuba now focuses on the only promising source of income and that's tourist. the sun continues to shine on the sandy beaches but while tourists are still living it up elsewhere on the island locals are facing long queues and rationing. i came from very far away to buy
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chicken from the farthest part of her van or over there in by air us to here to buy a little bag of chicken i don't know how long it's been since i've eaten it. controlling access to basic food stuffs is the latest installment in cuba's worsening economic crisis things were already tough following a fall in aid from troubled ally venezuela now the u.s. has stepped up sanctions against its communist neighbor tourists here however continue to be well fed and that's intentional tourism remains cuba's only reliable source of national income. given the situation that cuba has been going through as a result of the blockade and the recent activation of title 3 of the helms burton act by the president of the united states we're taking responsibility for injecting foreign currency into the economy in order to develop it roy economy board by.
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aims to welcome $5000000.00 tourists this year and that could bring up to $6000000000.00 of revenue for the country canadians are the largest group followed by u.s. citizens but u.s. president trump has also set his sights on frustrating cuba's tourist trade he's making it increasingly difficult for u.s. citizens to travel to the island the queues may well get even longer. and that's your business update here on the d.w. from me in the team in berlin thanks for keeping us company. and if you want to know want to visit us online or follow us on twitter and facebook.
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shifting powers the old order is history the world is reorganizing itself and the media's role is to keep the focus of the global media forum 29 today one out of 2 people is online who are we following the we trust to beijing and shape the future at the church of the us for 20000000. earth. home to millions of species home worth saving. globally dio's tells
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stories of creative people and innovative projects around the world ideas that protect the climate boost green energy solutions and reforestation losing interactive content to inspire people to take action on the audience the series of global 3000 on t w and on mine. the european union will soon elect a new parliament overshadowed by concerns about growing right wing populism and fears that russia is infiltrating the very heart of european democracies. their finance structures right the office. water story pretty good all the political elements around mr putin have a major interest in destabilizing europe and i fear that they will succeed still to suggest that freer tense opponents patriots with views close to his of course he's
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defending his country then also be. we set out on a tour of several european cities together daughter bella and its french partner station france $24.00 investigated russian influence on europe's far right. the russian embassy in berlin which dominated the then socialist east germany more than 30 years ago. and how much influence does the kremlin try to wield behind the scenes today germany's bundestag regards the right wing populist party alternative for germany the f.t. as especially open to russia its leader.

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