beethoven is for. me too is for. beethoven is for us. is for. beethoven 2020250th anniversary year on new. air bus books an ugly loss for 29 team a 3600000000 euro corruption penalty has finally hit the ledgers still there is reason for optimism we'll give you the latest. also on the show the world's biggest mobile technology exhibition is canceled concerns over the coronavirus forced the mobile world congress to close its doors this year. this is your business report

i'm stephen beers in berlin thanks for having us air bus reported a loss of almost one and a half 1000000000 euros for 2019 that's 2 to the massive 3600000000 euro fine the euro the european aerospace company had to pay to settle a longstanding corruption investigation on the upside air bus revenues did increase by almost 7000000000 euros due to a sharp increase in commercial aircraft deliveries. and for more on this i'm joined by our initial could aviation expert i u b h university of applied sciences he joins me from bonn. arnot together if you look at this this massive penalty 3600000000 euros there were also some contract penalties related to the a 400 m. . that's the penalties is there a bright side to this at all. i would say for forever as mayor just definitely they will probably have closed the door and you know silently cheer to each other.

it's just one less problem to deal with. the year fraud issue has been dragging on for 4 years and it's just so good to have a ballot in to be able to concentrate on the today let's not forget it was a decade old problem. in other words this was most likely priced in by dusters already they knew this was coming i want to ask you boeing's problems are always in the background of the aerospace industry right now has air bus been able to benefit at all from what's going on with the $737.00 max. in the short run surprisingly little because of the full auto books now have $7000.00 somewhat airplanes on the order so and they have operational problems to putting them out so actually they're under a lot of stress themselves from their own success i would say. last year that put out double as much planes or as many planes as boeing was able to put out because of the mix to the astor so that's

a mixed picture in the long term of course all of this strengthens airbus position because boeing is concentrating on fixing the problem and as i stated here as well designing the future so any day of the grounding of the macs we can boeing and gives airbus a competitive edge in the long term yes. and i want to stay with us while we look at one more news item related to air bust the company using the singapore air show to unveil a prototype of what it believes could be the passenger jet of the future now the maverick is a scale model of what's known as a blended wing body aircraft airbus planes the revolutionary design would give travelers a totally new experience and be 20 percent more fuel efficient than the passenger jets we use today. and back to our initial this idea fuel efficiency this idea of reading to basically at the center of this is carbon emissions in one sense and i want to ask you has the aviation industry really had

to consider and grapple with this issue of a missions as much as say the auto industry has where it's obviously in a race to come up with 5 alternatives do we see them something similar in the aviation industry. very much and i would say much earlier on because we have to be aware of one thing fuel is 25 to 30 percent of the cost base of any airline so it's in the best. interest and profit interest to keep fuel costs down that means efficiency so. aircraft manufacturers have been reducing weight working with carbon fibers and better our aerodynamics 3 years jet engines are also much more efficient than they used to be overall i think the all industry everybody has contributed to 25 to 30 to 50 percent in fuel reduction and emission reduction over the past 20 years which is already a great success and there's nothing like that in the automotive industry however

when we look at regulation on an international basis there's very little action it's very slow. has put up the course you know scheme but it's you know as full of loopholes and as good i would say as a compromise as a swiss cheese made by a butcher so that's where a lot more action needs to be seen to solve this global problem of our missions for just the education industry all right some more of an international regulatory scheme needed there for the aviation industry our nischelle aviation expert at u.b.s. university of applied sciences joining us from bonn thank you very much thank you. and let's check in on some of the other business stories making news around the world. japanese carmaker nissan has announced an 87 percent fall in profits for the 9 months to december weak demand in the fallout from the scandal around former boss carlos ghosn has hit the company hard piece on has downgraded its forecast for the financial year to march 2020. british oil giant b.p.

says it will make drastic cuts on carbon emissions by 2050 as part of the biggest overhaul of the company's history new chief executive bernhard looney says the company must change profoundly because the world is changing fast and so our society's expectations are 20 german chemical firm b.s.f. is building a factory to make electric car batteries the site in the state of brandenburg near the capital berlin will be based just 100 kilometers from tesla's 1st european factory both sides are scheduled to open in 2022 the b.s.f. expects to make enough batteries to equip 400000 cars a year. and let's check in now with our financial correspondent in frankfurt chelsea delaney gels the european markets opening today with a bit of a slide he tell us what's behind the. markets are realizing that they may have gotten a little bit yesterday just 24 hours ago the tax was at

a record high here and frankfurt and best friends had really become quite optimistic about the spread of the crown a virus had slowed that's really been turned on its head there's a new data out of china showing a massive surge of new cases and there were 15000 new confirmed cases in mainland china yesterday that's in part because there's been a new a new way of f. counting cases but this is all creating fear that there's really no end in sight for this outbreak and it's economic and it. also shows these new numbers from comments by one of the beleaguered banks here in germany what he tells their. well converts bank has reported it as a loss for this quarter they've been on the steak restaurant training path since they called off merger talks with deutsche bank last year there are some benefit is there some positives from this report they reported better than expected revenue

but they also are continuing to struggle with negative interest rates and this is really going to keep this question alive it's comments bank going to survive on its own or is that going to seek a merger. write a question keeps being asked will come out sponsored by. the lady there force in frankfurt thank you. the concerns about that corona virus have also led to the cancellation of the world's biggest mobile in telecommunications trade show that would be the mobile world congress in barcelona many of the biggest exhibitors had already announced their withdrawals for. the organizers of the mobile world congress try to lift fears with increased disinfection measures on site recommending that attendees don't shake hands and even banning visitors travelling from who by province where the corona virus was 1st discovered but a slew of major tech players announced they would not attend the event including amazon facebook sony deutsche telekom and l.g. by wednesday

a 3rd of all reservations have been constant the organizers felt they had to pull the plug and cancel the event the spanish tourism sector had tried to prevent by stressing how important the congress is. going to. the mobile world congress represents around 500000000 euros in 3 to 4 days it gives us the feeling that if not the biggest it is the best week for barcelona. now it's going to be one of the worst many taxi drivers fear. it's a bankruptcy what about that or not yet affects barcelona so much also in the hotel sector. the 4 day event scheduled for the end of february typically draws more than $100000.00 attendees companies usually launch new products there and showcase their latest gadgets that business will now have to be conducted by other means.

and the coronavirus is also hitting the target industry hard especially in asia where chinese visitors are critical for many resorts airlines and businesses like in thailand for. the routine is comforting to printed try every morning at 8 he prepares his boat for the day the vessel can carry up to 12 passengers and ferry them from the holiday center of pathak to the island of co. times 5 boats but for the last few weeks most of them have been going nowhere. we have barely had any customers since the chinese have not been allowed to travel out of their country local people don't go off to the island very often most foreigners are gone we both operators don't know if we will survive. not so long ago each of his boats made the trip at least 2 times a day thanks largely to chinese tourists many of the groups booked in advance to but now getting every single customer is

a struggle profit says sales have dropped by 70 percent in the last 3 weeks. before the outbreak of the coronavirus nearly one in every 3 visitors to thailand came from china so they were a key market today tiny tourist or 30 say only about $3000.00 chinese are arriving per day the average used to be 30000 other players in the tourism sector are also feeling the pressure. we have really big effective not only for the chinese it's our thought the feeling of the travelling about that in the in the morgue of travelling are so effective for the thai travel far out the world now if we have a big effective for the last couple or week we have to drop about 7 to at it with then drop of of that we see the. many of the lounges on the beaches of patani are empty that may be good news for tourists from europe or india but it's

a disaster for retailers and restaurant owners. not long ago up to 300 people used to come here every day to eat now there are maybe only 20 i send some of my staff home because there isn't enough work for them but i can't just fire them some of them have been with me for 30 years the situation is really serious. meanwhile printed boon much china has been waiting for hours for customers on the pia but to no avail he's now hoping for help from the government which last week announced some tax relief for the tourism sector if the situation doesn't improve and the chinese stay away for the long term profit on his business may soon be shipwrecked. and that's it for me in a day business team thanks for watching. i

was issued when i arrived here i slept with 6 people in a room. it was hard. i even got white hair. that language help me a lot this keeps me and maybe to entrap the flavor you want to do their

story. it's worth fighting and reliable information for margaret. i'm not laughing at the germans because sometimes i am but most end up in with. germany think deep into the german culture. will take this grandma day i'll eat us it's all that. ok enough time rachel join me for me to get plenty of course. this is british irish violinist daniel hope. playing a piece from his brand new album belly poke that was morgan by richard styles

daniel hope will be my guest in just a moment without welcome to the show. well he's one of those musicians who can literally do it all a virtue also from early childhood daniel hope does about 130 concerts a year as a soloist and as a guest conductor he talks about music on his own radio show he writes about it he's deeply political and he even calls himself a musical activist i'm a learn a lot more about him right after this. daniel hope one of his regular concerts in berlin playing an instrument that was made in 1742. for hope history comes alive through music. at a recent concert he spoke of his determined jewish grandparents. you know my family came from berlin and they had to leave poland in 1038 so for me it's about going back and say it's a history.