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tv   Business  Deutsche Welle  February 18, 2020 12:30am-12:46am CET

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out of the rule of succeed in dividing us our own not succeeded in taking the people off the streets or because we're tired of the stick trying to show. taking the stand global news that matters d. w. meet for minds. french train maker alston speeds towards a deal with canadian competitive because it tries to compete the bigger arrivals from china. and elsewhere big tech meet the activists trying to improve conditions for workers of amazon. and the end for the end of the road for g.m. as iconic brands by the australian prime minister is fuming about the news. business on robots in berlin well come along. french try make up is fast
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approaching a deal to help counter the growing threat from rivals in china it says it signed an agreement to buy the realm of canada's bond body a for up to 6200000000 euros but body which makes trains for the likes of london underground is looking to make major changes to deal with its debts allston is also keen to complete the deal after the regulators blocked its attempt to merge with german competitor siemens last year. let's get to the bottom of this with our reporter daniel winter daniel welcome along so why is also. one body israel well rob i mean also has been casting about to bulk up for a while now and mean as you just said that a bloc to deal with. really angering the e.u. so much that they have to intervene there it seems and it's an effort to create a challenger to china see os see which is. a bare month of
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a train may come you can see this now combination of alstom and bombard you would get close becoming the 2nd biggest train maker in the world with 15300000000 euros of sales and 2018 not quite enough to beat c r r c n n a 21000000000 euros but much closer after all the threat from this chinese competition is not necessarily just on the global stage but also in europe as well so see our son to get a foothold in europe now deutsche bank has assessed the potential of the merger and they say that for alstom their earnings per share could go up by about 17 percent and that's a figure which investors pay close attention to so you know that's the argument that alstom has it wants to bulk up its presence in order to fight off the competition so what is it about bombarding a specifically that makes it attractive to alston well it's attractive because yes it would bulk up alstom but also it's having difficulties at the moment as well i mean if we take a look at share price tumbling over the past few years and from well over 2
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canadian dollars per share to as little as $1.12 before rumors of this merger got really going as we can see right there now also some things that can tame the problems of the company as bomb body is piling on debt and it has a $36000000000.00 order backlog that it has to deal with just last week it announced that it was dropping a venture with air bus as it tries to save cash so it is struggling quite a bit at the moment so in short the company is relatively cheap right now and bomb body can't be too demanding in return because it's got problems of its own and yet the company would genuinely increase alston's presence. but also had a bad experience last year when his merger with siemens was blocked by the e.u. who's to say that it's not going to happen this time it could happen again i mean there's no. concrete reason why couldn't i mean let's just look at the union members of a game a tower which is a german union now they. and work is that. which is
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a big customer of both own body a and of alstom as well and you know it's interesting to see that they think that this could be a threat as well this fused thing meaning that the bargaining aspect of the bargaining benefits. would be reduced and so it also seems that you know due to report from reuters they are quoting a source in the french government which has seen that this time around that the e.u. may be a bit light on this but in the end it comes down to this all important divestment so it depends whilst i'm is really willing to get rid of and that could be the decisive factor i will see how this progresses over the coming days on the coming months thanks for your insights stan you went now for a quick look at some of the other business stories making news apple says the corona virus outbreak means its no longer expects to meet 2nd quarter revenue
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forecast as well as forcing the closure of some of its stores in china the spread of the disease has cut the production of i phones chinese plants have all reopened but output is still returning to normal cathay pacific has issued a profit warning after the virus outbreak forced to cancel nearly half its flights for february and march for cathay it marks another blow after turbulent times in hong kong for example where street protests led fewer people to fly. and macau will reopen its casinos from thursday they've been shuttered the past 2 weeks to prevent the spread of the coronavirus large numbers of mainland china chinese flocked to the world's biggest gambling hub spending 100000000 dollars a day that. next a jury in the u.s. has awarded a peach $265000000.00 in damages in a lawsuit aimed by seth the farm acclaimed herbicide sprayed on fields near his
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orchards drifted on to the trees killing them it was the 1st u.s. case to rule on the weed killer dye kumba made by the 2 german companies says it will appeal now having global business juggernaut in your neighborhood can have benefits for example amazon's massive staten island facility employs thousands of people but the conditions for its workers have been called into question by one group of campaigners who are determined to change things. armed with just a phone into laptop daniel wants to force change at one of the world's biggest companies led by one of the world's richest men jeff bezos he likes to present himself as a progressive but his approach to business has angered communities and many of amazon 750000 workers. we are oriented around having as many people in as many states iran's this country participate in our activities to make it
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known what the cost of hosting amazon in a community is and to demand better of our public officials iran's mitigating back costs. rejoinder a coordinates more than 60 groups of activists she calls her organization athena after the greek goddess of war one of the group's goals is to improve working conditions and force amazon to pay higher wages at the company's gigantic warehouses just outside the city their algorithms determine work speeds and cameras monitor stuff around the clock a former employee complains that missing targets 3 times could cost you your job and that causes stress of a different sort. because of the rate system. a new were able to basically news about them throughout the day otherwise you could be in jeopardy of. not meeting your goal the only time you really could go to the bathroom was during the break amazon allowed us to shoot at the warehouses
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a manager there just spewed ilyas claims he says toilets are no more than 90 seconds away from workplaces and workers can use them as needed. if you have one straight 30 minutes and actually 45 minutes with state laws for that and we also get 215 minute paid rates the starting wage for an unskilled worker here is $17.00 an hour that might sound decent but it's not enough to live from in new york or california critics have done the math. to have a very. profitable employer providing wages that are so low that people can't afford housing and food that's not right what we saw was that for every dollar in the wages they pay the public pays $0.24 in subsidies for health care and food stamps and also for cash welfare. there are hundreds of thousands of people involved in the athena network done your agenda says they don't
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want amazon to go broke they just want to break the power it has over the people who work there. other turns just weren't good enough general notice says it's pulling out of australia new zealand and thailand and i mean the end of the road for the iconic brand holder and many australians have been getting emotional about the demise of the much loved make even the prime minister who says he's fuming. g.m. plans to withdraw its chevy brand from thailand and sell its factory to china's great wall motors by the end of this year asked for new zealand the common the factories says they will wind down sales for its historic holden brand in 2021 g.m. doesn't see a future in a market where holden share has dropped from over 20 percent in 2002 to just over 4 percent. this was not a decision we took lightly it was an agonizing decision many of. us have
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a very strong affinity for this brand this iconic brand including some of the much you work in here and it's no reflection on the capability and commitment of. the employees that there was a promise. holden has been in the car business for more than 100 years and was an affiliate of g.m. since the $930.00 s. over the years holderness manufactured cars not only under its own moniker but also for asian brands like toyota and nissan in australia the decision to shut down was met with shock and anger especially since the company had been given a quarter $1000000000.00 bailout less than 10 years ago of course disappointed not surprised but i think the fact that they took money from. years just to let the holden brand with their watch i think is disappointing and i think at the end of the day it's throwing. money at them at the end of the day we're going to
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respect it at the end of the it's very disappointing g.m.'s withdrawal and stronger focus on its whole market in the us will affect $1500.00 jobs in thailand and just over 800 in australia and new zealand. from us here in berlin. for joining us you can find more from us on our website at. some. ash business are also of course on facebook and twitter and to check us out.
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in the height of climate change. africa's mix of. what's in store for the many months to come for the future in the. comfort of a major city to get inside. the country. i'm secure in the fame or that's hard and in the end is a me you're not allowed to stay here anymore we will send you back. are you
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familiar with this. with the smugglers will lie and say. what's your story ready ready. i'm with numbers and women especially in victims of violence. take part and send us your story we are trained all with understand this new culture. you are not a villain to another guest you want to. because citizen. info migrants your platform for reliable information. have fun in pyongyang. the capital city of north korea is reinventing itself. but only a few can enjoy the benefits of those the regime allows. kim jong un has introduced and insidious reward system to coerce allegiance to the regime.
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those who don't make it into the fun metropolis are often cool and hungry. have fun in pyongyang starts february 28th on w. welcome to arts and culture my guest today is a legend of german art house cinema she's been in the film business for more than 40 years now and continues to reinvent herself. has 2 films out at the moment a german comedy in which she plays a hippie grandmother who encourages shoplifting and a french language drama about a secret relationship between 2 women and which supervised character once the love
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of her life to finally come out of the closet. and here she is bob thanks so much for coming on to arts and culture and finding the time because you're a very busy person these definitely for having me i know i say you're very busy because you've got these 2 films out you actually live in new york city you're here and you're a promoting these 2 films i want to talk about both of your current movies let's start though with the german movie it's called. in german which translates to grandchildren for beginners this is pretty different for you you're not really known for your comedic roles no i never got any comedic role often and when i got the script i don't get scripts like this if it's sent to me and about when i read it i have to say i had to at times to laugh out loud i thought this could be something most of you all that would have loved to play the other role in the film but then because of the director convinced me i should play the hippie woman ok.

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