Skip to main content

tv   Business  Deutsche Welle  October 17, 2019 1:30am-1:46am CEST

1:30 am
i will be in the middle of the radio this early going to. look. in 60. years after the fall of the berlin wall nov 9th 2 w. . bank months of picketing seems to be paying off the management of the us auto giant general motors and union representatives say they've reached a tentative agreement potentially ending the fiercest labor dispute at g.m. in decades also comes less than 2 weeks before the presidential election millions of argentinians are facing
1:31 am
a housing crisis which many say was caused by incumbent. policies and is a great deal hangs in the balance at this very hour we take a look at the british sector which wonder if it might be about to run out of room. because. the harshest labor dispute at general motors and almost 50 years appears to be resolved on wednesday negotiators for g.m. and auto union representatives reached a tentative agreement demanding a share of profits or benefits and stronger future commitments by the company tens of thousands of g.m. workers began a walkout 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 raw. and in the picket lines the strike has been about broader
1:32 am
issues as well as the big deal always the issue is if you like reporting not just for us personally but for the middle class and. that's seen great white people come . for all different walks of life come along with it so it's really kind of really you know we had a case. the terms of the tentative 4 year contract weren't initially released but it's believed they were include some pay raises lump sum payments to workers and required 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 better customer wall street sabrina 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
1:33 am
one of the most expensive periods such an ever face in an entire strike history measure we had 50000 people not working dozens of assembly lines closed for it assembly plants shut down entirely without enormous production losses and of course pressure on the board $88000000.00 that's the amount g.m. lost every day because people were protesting in front of more than 30 factories instead of sitting at their weapons as a weapon a so if we have a look at the last 30 days g.m. probably just about $2000000000.00 and they're still space for even higher costs to come because of the 0 still needs approval from local union leaders and members and they want to fight for their rights but it is within reach disagreement what does it mean for general motors. well it all depends on whether
1:34 am
out we will see an agreement or not and on the future of plans g.m. comes up with international carmakers agree on the fact that electronic vehicles and have driving cars are vital to future success of the car industry so the problem here is that g.m. still heavily relies on s.u.v. and pickup trucks so they make billions of dollars in profit with that which is why it was worrying whether g.m. can turn things around the future on not so the board so far promised to invest in electronic pickup trucks and better effect research but still it remains highly unclear if american but you must really want to buy these cars so bring the customer in new york thank you so much. in less than 2 weeks the people of argentina are set to elect their president and things aren't looking good for incumbent mark are you not only is he facing a competitor who is running on a ticket with former president cristina fernandez the case now who is known for improving living conditions for the poor on top of that mr maher face market
1:35 am
oriented policies are said to have driven up housing costs sylvia gown is struggling to pay the rent on the one room buenos aires apartment she shares with her teenage daughter inflation has driven up rents with salaries and employment hit by recession down to herself lost her long term job an organist you know 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 you can for the economic situation to improve but inflation is killing us it's eating into our pockets either we eat and we pay the bills or we pay the rent i eat once a day the other times i drink my. but 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 mockery coing is popular
1:36 am
with farmers who generate 40 percent of the country's output he scrapped taxes on agricultural exports to jumpstart the economy but recently mockery lost the primary elections to left wing peronist alberto fernandez by a wide margin no farmers are on nerved. it was my main concern is that they come tomorrow and say the country's 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 mockeries free markets often and as more redistributive approach and now to some of the other global business stories making news the us federal communications commission has approved the $26500000000.00 merger of timor ball usa and spread that's according
1:37 am
to an essene 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 verge. romania and bulgaria are pitching for false wagons new factory after the carmaker pulled the plug on a project in turkey courting to media reports b.w. did the 1300000000 euro investment over turkey attacks on kurds in northern syria the factory was due to make 300000 cars and would create 5000 jobs. thousands of people have taken part in protests in spain calling for higher state pensions 10 years after the real estate prices spain's drain public coffers are struggling to keep up with an aging population but those gathered in madrid insist spaniards who worked hard their whole lives deserve a bigger share. with our own pension is reads one of the placards brandished by the
1:38 am
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. of $1085.00 euro should be the minimum and actually no penalties for those who retire after working 40 years. for anything. that's been here they should update 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 and 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. the rich found posted further gains on wednesday as the european union and britain inched closer to
1:39 am
a break the deal leaders of france and germany said they expected an agreement could even be sealed of thursday's e.u. summit but the ongoing uncertainty has left its mark on the british economy latest data trickling out of the u.k. shows the number of people in work has fallen and the auto industry expects big job cuts. these rolls of fabric will soon be covering the seats of luxury motor cars and buses the uni royal global factory in northern england is only the 1st stop in a long journey for the materials which leads through countries like rumania and the czech republic for processing followed by shipment to car plants in italy spain and the u.k. for assembly the e.u. single market means goods can travel tariffs on paper work free throughout europe delivered like clockwork just in time breaks it threatens that and has led to uncertainty and slowing investment throughout british industry. this was making it
1:40 am
is now the next 45 years and when they have the facts for example i don't know where we're going to be without brakes if i don't know whether the u.k. is still a safe bet. that level of basis that scientists will feel. ready . yet despite the risk to business and their jobs workers here mostly one phrase it done. yeah did for me but i didn't for a good deal about the author to leave if you were asking. the british government quite possibly worse we got overruled by your party bosses that so far with only a few days to go before the u.k. is due to depart the e.u. business owners are still hoping for a deal that will at least keep them within the single market without their future could be very bleak. and finally north korean state media has reported the opening of a new railroad to watch going out hopes will become
1:41 am
a major tourist hot spot. unverified footage shows workers and officials celebrating a trial run on the line which runs to the foot of a sacred mountain korean leader kim jong un's family trey's its roots back to mount to the north korean government is building a large tourist center there as part of push to generate more streams of revenue. and that wraps up our program for more you can always go to d.w. dot com slash business or follow some social. thanks for watching.
1:42 am
conflicts in the philippines. between the muslim. christian coalition. last. month the city center. president
1:43 am
deterrence response was. called. the reconquest turned to tragedy. this is not the kind of freedom that means want. to become a gateway to islamist terror and this is. an exclusive report from a to. straight city. philippines in the sights of starts october 24th gong to tell you. it's all happening go to visit a. tour link to those from africa and the world. your link to inception stories and discussions anyone will come after me from grammy
1:44 am
night from for an example from the news if easy now i would say be deputed close match africa join us on facebook at t.w. africa. it's coming. from the adventures of the famous naturalist and explorer. to celebrate clicks to know from the books from 250 if they were working on the for the discovery. expedition in blood on dino. while cup let's say what's in store for you from the world of ops and culture today . for the very 1st time a photographer has received peace prize given for his. picture .
1:45 am
his canvas. with his bank. the peace prize of the german book. $950.00 with reflecting the publishing world's commitment to the promotion of international understanding for the very 1st time the prize has been awarded to a photographer indeed a very special one the brazilian. concentrates his efforts on 2 main subjects the exploitation of people. the exploitation of nature the resulting photos are amazing. to 1st gained
1:46 am
international acclaim for these.

25 Views

info Stream Only

Uploaded by TV Archive on