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tv   Business  Deutsche Welle  October 16, 2019 11:15pm-11:31pm CEST

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i'll be right back. staying up to date don't miss our highlights w. program online w dot com highlights. with him how to be good go sagal is when i asked how you know if i had known that the boat would be small i never would have gone on the trip but i would not have put myself and my parents on that dangerous part of the theme of the going to get a fleet of would. that one group would have to give them i had serious problems on
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a personal level and i was unable to live there for that much i'm going to. want to know their story in full migrants terrified a country mile information for margaret's. a month of picketing looking to pay off management of u.s. auto giant general motors and union representatives say they've reached a tentative agreement potentially ending the fiercest labor dispute in decades also coming up less than $2.00 weeks before the presidential election millions of argentinians are facing a housing crisis which many say was caused by incumbent barclays calls and 10 years after strains real estate prices thousands take to the streets in
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madrid demanding higher stakes. on chris cuomo welcome to the program the harshest labor dispute of general motors in almost 50 years appears to be a result. on wednesday negotiators for g.m. and all the union representatives reached a tentative agreement demanding a share of profits better benefits and stronger future commitment by the company nearly 50000 g.m. workers began a walk last month crippling the carmakers u.s. operations. the hard fought deal won't bring an immediate end to the strike by $49000.00 workers they are likely to stay on the picket lines for at least 2 more days as union committees vote on the deal which members must then also approve for many braving the rain in the picket lines the strike has been about broader issues as well as the big deal obviously the regime doesn't feel like we're fighting not just for us personally but for the middle class and jobs and that's what we've seen
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throughout the whole straight people coming dropping out who holds true for people from all different walks of life come off looking inside since really been kind of running all the way to convince. the terms of the tentative 4 year contract weren't initially released but it's believed they will include some pay raises lump sum payments to workers and require general motors to produce new vehicles at u.s. factories g.m. has already offered to make new models and 2 of the 4 u.s. cities where it had planned to close production facilities. all right let's get some more of the story with our correspondents a breather because there was use of g.m. stock has suffered heavily during this month long strike why did it take so long to reach an agreement. well so the last 30 days were probably one of the most expensive periods such ever faced in an entire strike history
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imagine we had 58000 people not working dozens of assembly lines closed for it assembly plants shut down entirely which led to enormous production losses and of course pressure on the board $80000000.00 that's the mile and g.m. lost every day because people were protesting in front of more than 30 factories instead of sitting at their weapons as a workplace so if we have a look at the last 30 days g.m. probably just about $2000000000.00 and there is still space for even higher costs to come because of the still needs approval from local union leaders and members and they want to fight for their rights but it is within reach this agreement what does it mean for general motors. well it all depends on where that we will see an agreement or not and on the future plans g.m. comes up with international carmakers agree on the fact that electronic vehicles and sets driving cars are vital to future success off the car industry so the
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problem here is that that g.m. still heavily relies on s.u.v.s and pickup trucks so they make billions of dollars in profit with that which is why expose of worrying whether g.m. can turn things around future on the outside of the board so far promised to invest in electronic pickup trucks and better effect but still it remains highly unclear if american but you must really want to buy these cars so bring a chrysler in new york thank you so much. cuba is trying to counter the use of the u.s. dollar on the black market its announced plans to selected state controlled stores to sell products in dollars as well the decision aims to prevent so-called mules who purchase products abroad to sell door to door $77.00 stores across the country will begin selling appliances and other goods in dollars at the end of the month
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cuban vice president salvador valdez mesa made the announcement on cuban television . that the proposal is to start the sale of the most in demand products such as domestic appliances mopeds flat screen televisions air conditioners as well as automotive parts. cubans who want to shop in these special stores will need to use a dollar denominated bank card from an account opened with tradeable currencies consumers here are for the move. i think that it's been well thought out and its benefits will help the quality of life for the people here and yet. it's the state that benefits and that money can be invested by the state in other resources that we need. cuba's state run economy is facing a crisis because of the ongoing u.s. sanctions and the fact that longtime support from venezuela is dropping due to
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a crisis there still cubans one thing comforts of modern life and they're paying in dollars to get them. and now to some of the other business stories making news around the world the us federal communications commission has approved the $26500000000.00 merger of team usa and sprint as according to an f.c.c. member the deal would slash the number of major mobile phone service providers in the united states to just 3 but 18 state attorneys still oppose the merger. romania and bulgaria are pitching full fox wagons new factory after the carmaker pulled the plug on a project in turkey courting to meor ports u.w. ditched the 1300000000 euro investment over turkey's attack on kurds in northern syria the factory was due to make 300000 cars and would create 5000 jobs.
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north korea has opened a new rail route to watch crying young hopes will become a major tourist hot spot state t.v. footage shows workers and officials celebrating the line to pick to a large resort is being built to make the country more self-reliance conjunctions family traces its roots back to what they regard as a sacred mountain. now in less than 2 weeks the people of argentina are set to elect their president and things aren't looking good for incumbent. not only is he facing a competitor that's running on a ticket with former president cristina fernandez the kaisha who is known for improving living conditions for the poor on top of that mr market oriented policies are said to have driven up housing costs. so the a gown is struggling to pay the rent on the $1.00 room buenos aires apartment she shares with her teenage daughter high inflation has driven up rents with salaries
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and employment hit by recession down herself lost her long term job in august now the 49 year old risk losing her home one of a growing number of argentinian straining under rental payments during an economic crisis homelessness in the capital has risen and many houses stand empty down as only wish for the economic situation to improve that inflation is killing us it's eating into our pockets either we eat and we pay the bills or we pay the rent once a day the other times they drink. while the rental crisis underscores the broader dynamics in argentina ahead of an election which could well oust current president maurice your mockery there are 2 sides to the mark recon he's popular with farmers who generate 40 percent of the country's output to scrap taxes on agricultural exports to jumpstart the economy but recently murray lost the primary elections to
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left wing peronist alberto fernandez by a wide margin no farmers are all nerved. it was my main concern is that they come tomorrow and say the country is in need and then punishes with higher export taxes. many argentinians are increasingly frustrated by the sputtering economy rising poverty and austerity measures in 10 days' time they can decide which of 2 radically different approaches they think will solve their problems mark reece free markets often and as more redistributive approach. thousands of people have taken part in protests in spain calling for higher state pensions 10 years after the real state crisis spain's drained public coffers are struggling to keep up with an aging population but those gathered in madrid insist spaniards who've worked hard their whole lives deserve a bigger share. with our own pension is reads one of the placards brandished by the
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regiment of retirees who took to the streets of the spanish capital the average pensioner here receives $920.00 euros a month more than a spanish worker on minimum wage but they say they deserve an increase. in $1085.00 euro should be the minimum and actually no penalties for those who retire after working 40 years. why do you think. that they shouldn't take the pensions especially the lowest because you pay taxes to have a dignified life when you wrote the many elderly people don't have a pension at that gives the not dignity anymore to look at human species. the spanish government has offered a 6 percent pensions increase the representatives of spain's $9000000.00 claimants holding out for more. and finally for the 1st time in over 2 decades u.s. diplomats have 2 opened bank accounts in sudan the country was long under sanctions
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as a sponsor of terrorism most sanctions were listed in 2017 to it but dollar transactions remained impossible until now the u.s. embassy in khartoum says it not only makes life easier for staff there but opening the new accounts also shows the van is open for business following its recent transition to a civilian led government. and that wraps up our show for more business news you can always go to d.w. dot com slash business or follow. thanks for watching and have yourself a successful. the for.
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the for. the for. the last of their kind. of threatened with extinction every year around half a 1000000 of them end up as a delicacy. it's hollywood but for the bird mafia it's a lucrative business. and by our presence or never look. nice to know that we're going to be. 60 minutes.
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i'll go to the girl next you just check. the final stupid. with exclusive. must see concerning parts closer to your. place to be curious minds. do it yourself networkers. so subscribe don't miss our. players. play.
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play. after the fall of the berlin wall know someone not to double. play. this is africa coming up in the next 15 minutes really appropriating heritage made it up and coming kenyan designer who's using cues from colchis across africa as inspiration for her fashion. goals they had as opposed to substantial case in the house their stomachs. and the heating of the sky. was a poll most coveted enough to rock drill. before they was then less loosened. into the next stage.

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