the world's biggest plane maker sees its biggest as her quarterly loss boeing said it might even have to stop producing its ill fated 737 knots 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 but trade between britain and the e.u. already when playing business is on both sides of the channel urged boris johnson to avoid that. and how the world's gold fever is poisoning africa please look at the few mental in gone up. this is the w. business i'm joined in 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 were craft were killed crash investigators have blamed flight control software for both disasters but 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 included

a $5000000000.00 reserve to cover costs linked to the prolonged grounding of the 737 max that 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 the plane back in the air however is 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 has fellow easter horo is standing by hi ho sello east so picking up on those

boeing results what sort of future are investors expecting especially given these developments for the 737 max. some are more optimistic than all those you know but the result concerned the of the $737.00 max that does not start flying again by the end of this year then boeing will will hard 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 which already canceled thousands and thousands of flights and let's not forget all the orders either as specially the most reason ones coming from a g.e. of a 200 airplanes that also will impact those companies which make parts for the 737 max some investors. from the troubles related to the small to the rest of the commercial business depends on services or quarter meanwhile climbed about so deep caution indicating that boring 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 a good surprise is that you know revenue was up 28 percent in the 2nd quarter while facebook managed to post $2600000000.00 even if you took aside $2000000000.00 a deal with the federal trade commission fine let's not forget the company already took an additional charge of $3000000000.00 early of the year for 2 spore poses a true and meanwhile daily a monthly users were operated for same as we know it is a do come out right after the you have to see announced a deal with facebook early in the day punishing the company with a record of $5000000000.00 fine over a consumer privacy violations it may sound big about the company has already set aside money we said while some critics say the action from regulators changes

will will not change how to operate said but also looming over facebook is the justice department's latest prove to a scrutinize tech giants facebook into. luis de haro 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 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 to 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 appointment sajid javid this man he was a banker before he was a politician and now he's. tapped to lead the treasury as chancellor of the exchequer will be his responsibility to guide the british economy through the biggest challenge it's facing breaks it and possibly one 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. 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 essar 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 2 to number 7 so there is not directed at all and we can already see the negative impacts reacting to boris johnson's victory in the conservative leadership votes on tuesday the world trade organization said it wanted to see the smoothest possible break suits pointing out the e.u. 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 safe 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 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 bored 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 no used to suck the mercury into our mouth and throat so that we could get the gold were mentioned all the guys working with mercury got sick when they got sick we didn't think it was the mercury the brought about the illness we put it into our minds that we had committed a sin against the gods. back in april the voicer is 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 wildcat gold mining i say to you you

have to be careful of the dust. so look at 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 a dispensary in colorado caught this furry invader breaking into a storage area and trying to open a trash bin as you can see it wasn't successful so the bear dragged a large metal been off into the night.

don't get high on the supply mr baer thank you so much for watching.

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distance for. all the old. trucks. this is news africa coming up in the next 15 minutes the long road back will meet the somali women who've left kenya as dadaab refugee camps to return to their homeland and are struggling to rebuild their not. and the sandwich generation we meet a young nigerian they say as he has a little left for himself after deducting financial support for his ferentz from his need to end.