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tv   Business  Deutsche Welle  November 15, 2019 7:15pm-7:31pm CET

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try to return to normal after about so they're worried about the effect that this will have on business a lot of them were looking quite depressed didn't want to talk to reporters but the people who gave the clearest song says on what the government italian government and the local government should do they simply said finish the modes finish. james jackson reporting from venice thank you. you're watching it every new year's live from berlin coming up next monica jones with business africa and layla heraclea and roland i wish you all to create weekend to mix the. i'm secure in the volume or the tart and in the end this is a me you're not allowed to steal and more than most and you. are you familiar with this. with the smugglers were alliance of. what's your story
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ready. i'm working on was a women especially of victims of violence to take part and send us your story your train all with to understand this new culture. of thought you are not a visitor another year you want to become a citizen. in 4 migrants your platform for reliable information. from. south african airways is grounded the airline has to cancel all its live today as well as stage a strike it is unclear when a flights will resume we go live to cape town for more also coming up african countries invest some $100000000000.00 in building new cities to cope with a growing population and critics say those smart city is just for the country's
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elite. and how iceland biggest fishing firm managed to get the drawing rights in namibia studentships. hello i want to get jones and this is a business africa good to have you with us and we're starting with beleaguered south african airways workers went on strike today to demand higher wages and protest plan to job cuts forcing the state owned carrier to cancel all flights south african airways which is africa's 2nd largest carrier has warned that the strike endangers the company's future. south african airways check in counters of cape town are deserted and right across the country passengers are beseeching the airline's information counters with one question in mind where does it go to from here stephanie to pass that. motion and then tell them and tell us what you have. to have no noise formation at all nothing i just
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landed. about half an hour but i had no idea the flight workouts of or anything like that. the airlines cabin staff are responding to a call by 2 unions to walk out the protest is aimed especially at swindling job cuts announced by management $1000.00 of the company's $5100.00 jobs are to be axed just under 20 percent south african airways will begin resuming international flights on sunday but says domestic and regional cancellations will carry over into monday. for the latest let's cross over to our correspondent in cape town and. how big a problem is this walkout for south african airways. both can become a massive problem because we're not sure yet how long this strike is going to go out because basically the unions are saying we're not going to give in so that african hours of service say that they are losing about 3000000 euros each day and
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that state constantly afloat if this continues for a long time you also need to realize that for almost a decade south african airways has not been making any profits they're basically surviving because the government keeps on bailing them out so that financial situation is already terrible they're technically insolvent just staying afloat because of the new government they already accept before this strike the need 120000000 euro still this year to survive so on top this strike is quite a disaster well one way to solve the situation of course would be to give in to the strikers demand how likely is that well the restructuring is necessary if they don't need to to make cut somewhere also to survive and then there's also demands that they want their wages increased they want to 8 percent increase in wages that african airways assess we can offer you fight what $0.09 at the same percentage
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highlights earlier this year provisions of the unions are saying look our members are earning that far less already than the pilot so we want more some economists here on political analysts in south africa saying it is reasonable that the months because basically there is no money and this week the state owned company might not survive at all and that of course this far more jobs being lost and date it looks like south african airways sits between a rock and a hard place right now ellis head reporting from cape town thank you so much. the world population is growing and so are urban areas across the globe by 2050 they'll be 2 and a half 1000000000 more people living in cities than there are today how can existing infrastructure cope you may wonder well one solution would be to build new cities from scratch and one of the most extreme examples is neon which is located
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in the northwest of saudi arabia right now it's a desert landscape but the plan is to turn it into a futuristic commercial and super high take up by 25th $25.00 the cost of the development is about $500000000000.00 that's a lot of money and plant cities are up and coming all over the world including in africa. lagos is home to more than 20000000 people it's one of the world's largest cities overfilled and chaotic it's nigeria's economic hub but it's not the capital that's a blue jacket with around 3000000 inhabitants the city was designed around 4 decades ago it's considered one of the few successful planned cities in africa it has highways modern buildings and a well developed infrastructure with plumbing and electricity if urbanization
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continues at the same pace as forecast then the world can expect to see a mass of new cities being built during the 21st century in africa $100000000000.00 us dollars are being invested in building new cities nigeria the continent's most populous country is investing the most with 5 mega city projects gone or into kenya as well as other african states also want to build new cities to take care of their growing populations. ico atlantic city in $1000.00 is one such multi-billion dollar project a modern showcase city designed to ease the load in lagos but it's causing other problems the costs are astronomical most people won't be able to afford to live here critics fear that small cities like this one will become residences for the country use elite. of a more i'm john paston tasini a country economist and manager of the cities that work initiative at the
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international press center in kampala good to have you with us so we hear that the science cities are quite expensive if they're that expensive to be developed who are the investors so i think there's 3 main sources of investors particular when you talk about sort of african and new cities one is very much the state model or the state to state funding model here for example china is playing a very large role the 2nd are public private partnerships between private companies in the state but the 3rd and the most most of the cities are being financed privately and actually here the big question is coming from real estate investors and and and technology companies so if it's if it's mostly private money then certainly they're interested in seeing a healthy return who then can afford to live in those cities. so from from africa actually it is sort of
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a lack of empirical data because many of these cities are yet to be completed or even be started there and they're sort of conceived in plans but if we take sort of examples from the rest of the world along which these cities are designed as you point out very correctly you know particularly since there's this private sector push the private sector those who want to be able to make a healthy return on their investment and so we have state prices are are priced accordingly and in addition a lot of these cities are conceived to sort of leapfrog technological development to provide a hub for for high tech firms to attract high tech investments and in that sense they are also designed to attract a highly educated elite. you equally atlantic example i think is a great when you're in those sort of it's not can not compete at a town somewhere in 2015 a 3 bedroom apartment was already going for a 1000000 dollars or more other $1000000.00 and such. and so if you know a large question urbanization in africa is actually
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a state new world poverty many of those coming to cities won't be able to afford. well with about half a minute left of any alternatives to those planning cities those small cities especially for africa. definitely so i think you know those where as you noted urbanizing enter a very rapid rate and i think harnessing the potential of urbanization and managing it well and that sort of getting ahead of the current that's planning for the cities that are to come many of our biggest cities are the ones that don't even exist yet they'll be the 2nd receive these are the towns we see today and so do you know following the model of the peter that you mentioned sort of laying out infrastructure before people settle is a lot cheaper it can help you manage your growth and show people where cities are going to come and finally it can build the cities that people want and can afford. for the large part of the population and in a sense to help plan for that all right as what has this new country columnist and manager of the cities that work initiative at the international press center income
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policy think is so much for your time thank you. yesterday we told you about a huge corruption scandal in the libya's fishing industry that already led to the resignation of 2 ministers today we look at the other side of the story we look to iceland and its biggest fishing for some harry in it because it is accused of bribing the namibian government to for the commission to troll its waters. iceland's fishing industry is in choppy waters the country's biggest fishing farm some harry is accused of bribing the namibian government for the permission to troll its waters. postmen a minnow it reminded me i know uncomfortable way of old fashioned colonizers to exploit the weaknesses of a country's government the allegations were made by former employee turned whistleblower johana stefan son who leaked thousands of corporate documents to a team of investigative reporters iceland's minister of fisheries says the blame
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likely needs to be shared. there's never only one person who's responsible in this kind of situation. authorities in iceland say they'll work together with their namibian counterparts to investigate the allegations in the meantime some harry's boss has stepped down pending an internal company probe and. hong kong has entered its 1st recession in a decade as months of violent clashes between pro-democracy protesters and police are taking their toll on the financial and trading hub of tourists accounts and books bookings retailers are reeling from a shop drop in sales and the stock market is faltering. the european investment bank will stop funding fossil fuels by the end of 2021 to help fight climate change that includes natural gas projects many europeans still rely heavily on gas to
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power electricity grids the bank says policy changes needs to strike the right balance between protecting the environment and keeping the lights on across the continent. australian l.-i quantas has completed a trial flight from london to sydney nonstop the boeing 707 dreamliner touched down after a journey of more than 1000 i was just over 50 people were on board the flight around the world including quanto c.e.o. alan joyce the journey aims to test the effects of ultra long haul air travel passengers and crew as the airline passed to launch regular services linking australia with london and new york. is your business update here on d w for me on the business africa team member thanks for watching.
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and. africa. instead of fireworks. in madagascar our students are learning how to make. unemployment remains.
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less forestation and more nutri for the island nation. africa in 60 minutes on t.w. . with different languages we fight for different things that's fine but we all stick up for freedom freedom of speech and freedom of press. giving freedom before it's global news that matters w. made for martin's. this is g.w. news africa coming up in the next 15 minutes britain's black teen only became yes forced off a ladder to make way for british t.v. prog patients they've taken the case to the u.s. . and house in the chat dating back to the 1930 s. although why some of the books have been burned in recent times. also coming up on
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the show. for sierra leone's highest.

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