tv Business Deutsche Welle July 5, 2019 11:15pm-11:31pm CEST
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will not succeed in defining the subtle not succeed in taking the people off the streets because we're tired of just dictatorship. taking the stand global news that matters. made for minds. well thanks to cash for greeks families of people killed in a plane crash in ethiopia on large project parts of a $100000000.00 proposal by plane maker boeing to compensate them also coming up for backing britain's u.k.'s biggest carmaker jaguar land rover says it will invest millions in the u.k. to make a range of electric cars and mexico city is wondering what to do with something that could have eased its traffic problems but became something of
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a plane instead. i'm chris culliver in berlin good to have you with us. and we start the program with grieving families trying to rip their heads around a big pile of cash u.s. plane maker boeing is setting up $100000000.00 fund to compensate relatives of the victims who perished in the 2 recent crashes of its 737 max planes in indonesia and ethiopia but many of the families feel patronized by the plan and some are already saying no thanks. ethiopia airlines flight 302 was one of the 2 fatal crashes all 157 passengers and crew on board were killed lawyers for some of the victims' family members say boeing's offer is tactical in light of recent lawsuits. to make the statement was meant to sui the minds of the duty that will be making
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a determination on the cases that have been fired and. other family members have wondered why boeing didn't contact them 1st a kenyan man even told reuters that the money offer poses a danger in a country where kidnappings for ransom aren't uncommon. the details of boeing's offer meanwhile remain opaque will family members have to apply for aid how much will go to living expenses or charities boeing is still grappling with the 2 crashes which killed a total of 346 people and wiped billions off its market value it already faces more than 100 lawsuits related to the accidents the aircraft type involved in both crashes the 737 max remains grounded worldwide. by hand germany factory orders took an unexpectedly sharp plunge in may raising doubts about europe's largest economy to weather global trade disputes orders were down 8.6 percent here on year dragging them to a 10 year low the fall the april figures was particularly grim and much worse than
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alamosa forecast for and took a real hammering with analysts saying the global trade situation could turn europe stempel rarely slowdown into a full blown recession. well for more on the story let's cross over to our man on wall street yes corday yes what do people on the trading floor there think will the pressure on the world economy ease any time soon. well at least when it comes to trade then really remains still quite uncertain if a deal can be reached between the 2 biggest economies in the world we got some comments here shortly before the weekend from china that the chinese government only is going to agree to a deal if u.s. president donald trump removes the terrorists already in place and if washington is willing to do that is very uncertain and then also a big question remains how it will be possible for the u.s.
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administration to enforce the protection of intellectual property law and so a right so still a lot of uncertainty but just the only enough wall street is still holding up to almost record highs despite all this uncertainty and despite these high share prices that we've seen in another record setting week corporate america is already dialing down expectations for the soon to begin earning season tell us more into it and it also doesn't really seem to matter for the overall upbeat mood to you're on a wall street season soon olia will start next week when we've got numbers from pepsi from. the jeans maker off levi's jeans and also from delta airlines overall expectations or overall we already had a high amount of companies actually lowering their expectations in the usual
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unusually high amount of companies is pretty cautious also partly because of trade but even that does not really seem to shy away investors at this point yes quarter new york thank you and now to some of the other business stories making the news. bank says the head of its ailing investment division gareth ritchie is stepping down at the end of july he's been blamed for the divisions weak results the bank's supervisory board is meeting on sunday to consider a multibillion dollar restructuring plan which could see 20000 job cuts around the world african leaders are set to launch a continent wide free trade zone this weekend at an african union summit in the 25 countries have ratified the deal which lowers trade research in a major boost africa's biggest economy nigeria now says it will also sign the
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agreement. jobs are a battleground going into greece's national election on sunday the government's austerity drive has left a deep scars youth unemployment is at 40 percent the main party's leading in the polls promotes stronger economic growth as a way to create better paid jobs many of the young people who've managed to find work are only on flexible conference. now at a time when breaks it has many companies rethink their presence in britain one of the u.k. squint essential brands is banking on its home turf jaguar land rover says it will manufacture a range of electronic cars in the u k. jack you are is known for its luxury cars and the new exchange has everything its buyers could want except a fuel tank jag you are a land rover says it's going electric and the extreme is just the 1st of its models to be completely electrically powered the british car maker is seeking to move away
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from its reliance on diesel engines which buyers are shunning but its reliance on the european market is another matter and the company said it had made the investment in the hopes a no deal breaks it could be avoided. i think we're talking a longer perspective we're absolutely demonstrating we're committed to designing engineering and manufacturing in the u.k. i say whether it's what we're doing or the other aspects related to education. and for us it's great indication that we have some people in investing in the u.k. . the news comes after a turbulent few months for jack you are which announced nearly $5000.00 job cuts in january unions are happy about its move to electric saying it could save thousands of jobs. but this is fantastic news not just for. the next generation of those that want to come into stable base and work in
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a fantastic industry. the plans come as a boost for britain's car industry following announcements of plant closures from ford and honda. electric scooters like these have become the new was trendy as form of transport in many cities around the world but recent reports of accidents and incidents of scooter rage have prompted calls for authorities to take action now in mexico city where congestion is a major problem a debate about their fate is currently on the way. aficionados say they're revolutionizing urban transporters critics call them out blight on the streets. the electric scooter craze is dividing opinion around the world. here in mexico city the debate is becoming is especially heated a string of accidents involving the vehicles has prompted authorities to restrict the use to bike lanes and to impose
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a tax on operators. but that hasn't been enough to prevent incidence of a rage. you find 234 of them lying on their sides so you set them back up so i don't know maybe a passer by knocked them down in anger fury in the street or. complaints of poor cash include dividers leaving the vehicles in the middle of the sidewalk instead of taking them back to the charging stations and even travelling against the flow of traffic but proponents of the environmentally friendly mode of transport say that behavior is the exception rather than the norm and that with better regulation electric scooters could be the fast track to a cleaner less congested mexico city. from mexico back to europe and is considering drawing the curtains on as world famous profits the mayor of the city wants establishment with windows displaying
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prostitutes to either shut down or at least close the curtains. all day and night saddam's red light district attracts thousands of tourists every week but many of the sex workers it employs in its 330 brothel windows think the visitors aren't paying them enough respect. they look but they don't buy it complains one worker and i'm saddam's new mayor agrees. woodman maisha stuart mothers me most is the way visitors treat the sex workers are quite often large groups like star parties or groups of tourists take photographs of the women they laugh at them and mock them these women are at work they're vulnerable i find out so humiliating i don't find it acceptable and it's different to think. among the changes she's considering is closing the curtains so that workers are no longer seen from the street another would be to move the red light district out of the city center altogether which would disappoint some visitors maybe gain control it in a bit in
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a way that with my but there are things going out but i think it should stay it's a shame really i think the culture that keep it all open so we keep coming back saddam may have to choose between protecting its sex workers dignity and preserving its tourism industry. and that's it for this edition of your business if you're one more go ahead and check out our website at v.w. dot com slash business. for me and the entire team thanks for watching and have a great.
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