tv Business Deutsche Welle July 25, 2019 1:30am-1:45am CEST
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is the world really getting. a little $3000.00 special report. starts. to double. the world's biggest playmakers biggest ever quarterly loss boeing says it might even have to stop producing its ill fated 737 maps for a while if the plane remains grounded much longer. also coming up britain has a new prime minister and he supports at any cost and trade between britain and the e.u. already when playing businesses on both sides of the channel urged boris johnson to
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avoid a new deal breakers that. and how the world's gold fever is poisoning africa please look at the q mental in gone. this business i'm joined on in berlin welcome boeing has posted the biggest quarterly loss in its history chiefly to blame the grounding of its best selling 737 max aircraft following 2 deadly crashes now boeing says it may even temporarily shut down production of the model. boeing is grappling with one of its worst ever crises in the same quarter last year the chicago based plane maker made over $2000000000.00 profit since then 2 of the company's best selling 737 max model have crushed one in ethiopia and one in indonesia all 346 people on board the 2 are craft were killed crash investigators have blamed flight control software for both disasters that
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pushed the nose of the plane's downward the model remains grounded. boeing posted a financial loss of $2940000000.00 in the june quarter with sales sliding a hefty turkey 5 percent to $15750000000.00 the aerospace giant delivered just 90 jetliners during the 3 month period. the 2nd quarter loss includes a $5000000000.00 reserve to cover costs linked to the prolonged grounding of the 737 max and includes compensation boeing will have to pay to its airline customers for delayed deliveries many airlines such as ethiopian airlines are now turning to rival airbus. adding to its problems boeing has also had to push back the maiden flight of the triple 7 x. the new long haul wide body plane because of problems with the general electric engine. the company is working frantically to update it 737 mark software to get
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the plane back in the air however it admits it doesn't know when it will fly again investors are rattled ratings agencies moody's and fitch have cut boeing's investment outlook to negative as a result of the crisis. over an hour to wall street where our markets correspondent was selling we stay horo is standing by hi ho solo east so picking up on those boeing results what sort of future are investors expecting as specially given these developments with the 737 max. some are more optimistic than all those you know but the result concerned the of the $737.00 mags that does not to start flying again by the end of this year then boeing will will hardly its production as intuition we not only will have a significant consequences for the company but also for airlines like southwest or american among all those who we already canceled thousands and thousands of flights that let's not forget all the orders either especially the most reason ones coming
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from a i g 200 airplanes that also will impact those companies which make parts for the 737 max some investors. from the troubles related to do small to the rest of the commercial business depends in services or quarter meanwhile climbed about so deep caution indicating that boeing has ample dry powder right now to withstand these issues at least in the short term. speaking of results though boeing wasn't the only one to come out with their figures facebook's numbers are out as well any surprises. actually good surprises you know revenue was up 28 percent in the 2nd quarter while facebook and manage to post $2600000000.00 even if you took aside $2000000000.00 to deal with the federal trade commission fine let's not forget the company already took an additional charge of 3000000000 dollars earlier year 4 to support us as a true and meanwhile daily
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a monthly users were operated per se and as we know it is a do come out right after do you have to see announced a deal with facebook only to day. company with a record of $5000000000.00 over a consumer privacy violations it may sound big about the company has already set aside money so we said while some critics say the action from regulators changes will will not change how did company operates but also looming over facebook is the justice department later proved to a scrutinize tech giants facebook into. luis the hero there on wall street for us thank you very much for your insights. in german corporate news deutsche bank announced a loss of $3100000000.00 euros for the 2nd quarter it's been attributed to the costs of the major restructuring plan announced earlier this month germany's
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biggest lender is drastically cutting back its investment banking operations but the loss of 18000 jobs. in savings says deutsche a has already taken significant steps as part of implementing the strategy shares were down 5 and a half percent on the news. now the keys to 10 downing street have officially been handed to boris johnson he marked the 1st day of his prime ministership with an overhaul of his cabinet among the key appointments sajid javid this man he was a banker before he was a politician and now he's been. tapped to lead the treasury as chancellor of the exchequer elby has responsibility to guide the british economy through the biggest challenge it's facing breaks it and possibly won without a deal with the e.u. the u.k.'s biggest trading partner that's something many businesses on both sides of the channel say they want to avoid.
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embarrassment could be the least the u.k. has to worry about if the doomsayers of its economy a proven right on the day that boris johnson gets to work on his promise to deliver brics it within a few months trading partners of warning him to go gently. german business leaders point out that even under his previous set to resume a trade between the 2 countries had been falling figures put the decline in u.k. exports to germany of more than 6 percent between january and may the united kingdom used to be the number 5 trade partner of germany and last year this fall down to number 6 and this year also to number 7 so there is no record at all and we can already see the negative impacts reacting to boris johnson's victory in the conservative leadership vote on tuesday the world trade organization said it wanted to see the smoothest possible breaks it pointing out the e.u.
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accounts of 47 percent of u.k. exports but having been elected by tory members impatient to get out of the european union boris johnson will be considering who to listen to. gold is one of the rarest elements in the world and it's in high demand as a save haven in times of market volatility quote gold never loses its appeal as one of its major exporters but as miners go for gold they're poisoning rivers farmland and themselves. i could make shift gold mines like this one has made many young canadian men richer than their wildest dreams. they are also destroying their lives often the damage only becomes apparent when it's too late. many of the miners handle mercury with their bare hands the metallic element is used to extract gold from sediment. but it's highly toxic
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poisoning every tissue it touches. it causes lung damage kidney failure tremors and paralysis in many cases exposure leads to death the symptoms are often misdiagnosed as tuberculosis. the turn is for ga in western ghana has a population of around $5000.00 since 2008 when a rise in gold prices led to a surge an unregulated mining dozens of young men have been dying each month no one believed mercury was to play in. we did know used to suck the mercury into our mouth and throat so that we could get the gold when she all the guys working with mercury got sick when they got sick we didn't think it was the
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mercury the brought about the illnesses we put into our minds that we had committed a sin against the gods. back in april the reuters news agency spoke to this man who developed lung problems after being exposed to talks and while mining here's what he had to say. so if there's someone out there if you're a young man today and you want to get into water cut gold mining i say to you you have to be careful of the dust. look at me now this isn't what i used to look like . a few weeks after the interview he died leaving behind his wife children and the house that gold helped him build. now you may have heard that there is a bull market for legalized marijuana in the united states but now it looks like the bears are taking over cameras out of murray won
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i don't want to. be number and unanimous. but i thought going on with her being fronted. greetings from berlin and a warm welcome to today's edition of arts and culture well there's still time to brush up your summer wardrobe and so today we'll get a handle on what's hot for gents with a fashion sense and also coming up on today's show. rachel stewart from meet the germans takes us through the in outs and peculiarities of the german health care system. and rediscover the hidden 16 that lives underneath the
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italian capital rome. well it is summer in the city and i have to say this here it is a scorcher here in berlin women of course have many many options in their summer wardrobes to keep cool but the guys seem to be generally a bit more limited or are they we checked out what men's fashion has to offer this summer. this some of the message for fashion savvy men is to be different step out of your comfort zone and don't be afraid to turn heads. i think for the summer man are going to have a lot more fun they're wearing more colors there are being much more daring. they're showing their leg this year. and. as well you know.
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