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tv   Business  Deutsche Welle  June 28, 2019 3:02am-3:16am CEST

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a legal battle is taking its toll german chemicals giant buyer is rearranging its troops and looking for external help as it aims to fight the challenges over say we've killer also coming up more setbacks for boeing regulators i identify another issue affecting the company's embattled 737 max at kraft raising further questions about when boeing's cash cow will take to the skies again and authorities in malaysia score a big win against wildlife smugglers and rescue more than 5000 baby turtles. i'm chris cuomo in berlin good to have you with us buyer wants to fight back the german chemicals company is taking steps to deal with a damaging series of legal challenges it faces in the u.s. over see based pesticides. a special committee to try to cope with
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the potentially massive legal bills it faces after its subsidiary monsanto was deemed responsible for causing cancer and users of its weed killer round up buyer already faces billions of damages as heavily batter chair price soared by more than 8 percent on thursday on the news. from one of those. who's standing by on wall street buyers trying to contain the fallout here but to talk about breaking up the company tell us more. there well there is one of the big shareholders by management and founder paul singer and they're well known for being pretty active if not to call them aggressive and they have a success rate of about 78 percent was their companions and they actually and other shareholders as well and the biggest shareholder are american investors sol there
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could be the push to split up the company to actually get more money for shareholders so that might also be one reason for this reason to gain in the stock price. now what more legal troubles could be coming buyer's way here when it comes to round up well i mean there are more than $13000.00 laws you would say of pending from consumers the next trial is probably going to take place and clue is in the state of missouri in august we all saw god we're at the 1st lawsuit got filed in australia so more legal trouble certainly is on the horizon now they did hire new lawyer and that lawyer is very well known for settlements in the high class last year would still be right now
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estimates are that the buyer could settle those laws he would for about $6.00 to $10000000000.00 what would the affordable for buyer but certainly those lawsuits won't vanish anytime soon and will actually be part of what shareholders and the company has to face in the next couple of weeks and months in court in new york thank you. the leaders of the world's top 2 economies meet at the g. 20 summit of major powers this weekend they'll be talking trade expectations are running high as president xi and trump arrived in stormy osaka the 2 have reportedly agreed on a quote tentative truce but mr trump has been talking tough he has threatened to impose even stiffer tariffs on chinese imports if negotiations remain deadlocked by
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house economic adviser larry kudlow says there are no pre conditions. oh it's moving to the aviation sector here southwest airlines is extending the cancellation of flights due to the grounding of boeing $737.00 max planes until october 1st the airline said it made the decision before the f.a.a. a federal education authority identified a new potential rist regarding the planes united airlines had earlier stated that is was extending cancellations into september the $737.00 matches grounded worldwide after 2 deadly crashes within a matter of months. it remains very much on certain when one of these planes will take off again. boeing has been trying to get its global fleet of 40737 max plans back in the air since march when every airline regulator in the world grounded them following devastating accidents involving the model in indonesia and ethiopia. continuing on certainty over the safety of the plan has delayed the
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return and now there's more bad news for the u.s. plan maker. test pilots for the u.s. federal aviation administration have reportedly discovered more technical glitches with the 737 max they have been examining software fixes for the malfunctioning anti stalled system the crashes have been blamed on boeing has been asked to correct the problem before things can proceed any further the u.s. regulator said there was no set timeline for the plan to return to service and that it will only lift the aircraft's prohibition order when they deem it safe to do so . boeing says it has lost $1000000000.00 in revenue as a result of the groundings during the 1st 3 months of this year but after tragedies that saw $346.00 people lose their lives safety is the only consideration of any real value at the moment. and not to some of the other global business stories
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making the news because carmaker ford says it's cutting a total of 12000 jobs in europe by the end of 2020 as it tries to return to profitability on the continent fordable close plans in russia france and the u.k. and reduce shifts at factories in spain and germany greece has approved the 1st oil and gas exploration around the island of crete prime minister and i suppose that it would open a new road to economic prosperity exxon mobil in total have an 8 year license to search for hydrocarbons in a consortium with head on a patrol. and as far as i can trust to clear the air over its emissions scandal the german automaker has launched an all electric car sharing fleet here in berlin 1500 vehicles are now for hire they join a crowded field of competitors in a so far mostly unprofitable business just recently and b.m.w. service is announced to join forces. now it's the latest trend to hit the streets
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in many big cities around the world electric rental scooters are everywhere right now but critics say they are neither economically viable nor environmentalists sustainable. a 2 wheeler billed for 2 even though doubling up on an electric kick scooter is actually illegal in germany you can now find these vehicles for rent on nearly every corner in the heart of berlin and this summer people are scootering through the streets and parks of the german capital where 15 companies are competing for the market critics complain that they clog up traffic and consume too much energy. we wanted to hear the company's response so we zoomed along to german scooter sharing company tear mobility experiences in other cities show that only 20 percent of he kicks scooter riders have given up their cars for this mode of transport but the sector believes that in the long run electric scooters will ride cars off the road. as sponsors who
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want to if you look at the commuter train stations here in berlin in some cases they're one or 2 kilometers apart and maybe your office is right between them or your workplace is 4 or 5 kilometers from the train station then it's very attractive to rent an electric kick scooter at the station to get to your office and the potential users are people who would have otherwise taken their cars to give them 5 sides of the. but keeping up an adequate network of motorized scooters is a logistical challenge at night transporters have to collect the scooter fleet and redistribute them for the next morning micro mobility analyst alexander young says that's why it's no surprise that a 10 minute ride currently costs 2 years 50 as much as a subway ticket. to all of the aga feud i lot of suppliers say that's even below
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the running costs because managing a fleet of electric scooters cost so much money tied into the buy don't adequately taught on the current generation doesn't have replaceable batteries. so you basically have to pick up every scooter every 2 days ticket to a warehouse to be charged and then bring it back into town and if that's all it is that in my view that's not economically viable in the long run. but manufacturers are working on the battery problem they're convinced that these electric vehicles can help turn the corner in the mobility revolution. malaysia is one of the world's top 10 hubs for wildlife smuggling and going after traffickers is a constant battle now customs officials scored a big win at kuala lumpur airport seizing over $5000.00 smuggled baby terrapins. to baby red your slider turtles were discovered in small baskets in the luggage of
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2 indian nationals who flew in from guangzhou oh in southern china. the semi aquatic readier slider is the most popular turtle in the pet trade. customs officials of the tariff and take was worth nearly $13000.00. but it will be doing altogether a total of $5255.00 terrapins were sleeze from these 2 individuals. the glaciers a major transit point for alyson wildlife trade to other asian countries to hold a significant victory for customs authorities. you know but i would only this is the 1st such case this year and we can't say whether it involves a similar quantity or more than we've seen before but it seems to be quite a large quantity in 2 suitcases found at the same time what i see but it must be some what they may be photogenic but the turtles can carry salmonella and are
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invasive in some habitats a reason why smuggling can be so damaging. and that's why so thanks for watching your back at home mom.
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stay up to date don't miss our highlights w. program mind w. dark column highlights. the 1st economists of the. doors grand the moment arrives. joining a reckoning on her journey back to freedom. you know work interactive documentary during the ranting returns home on d w dot com tank. with him how to be gun to go sagal as well i and if i had known that the boat would be about small i never would have gone on a trip i would not have put myself and my harris on the adventure of the part of the theme of the going to get a flavor would. be able to give them i had serious problems on
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a personal level and i was unable to live there what i'm going to. you want to know their story in for migrants further fight for local information for margaret's. how am i looking today. how can we live sustainably. is there a god. is there something we have to fear and what comes off.

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