tv Business Deutsche Welle February 18, 2020 4:15am-4:31am CET
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there are muslims. up next is business with the watson don't forget you can get all the latest news around the clock on our web site that's dot com i'm told me all body thanks for joining us. what secrets lie behind these walls. discover new adventures in 360 degree. and explore fascinating world heritage sites. w world heritage 360 getting up now. to use crime fighters a car back africa's most successful in radio drama series continues. this season the stories focus on hate speech color of prevention and sustainable charcoal
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production. all of the sos are available online and of course you can share and discuss on africa's facebook page and other social media platforms. crime fighters tune in no. friends trying make up almost and speeds towards a deal with canadian competitive as it tries to compete with bigger rivals from china. and elsewhere in 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 holden brand by the australian prime minister is fuming about the news. this is the degree of business on robots in ballet. well come along. friends try to
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make up all stem is fast approaching a deal to help it counter the growing threat rivals in china it says it signed an agreement to buy the realm of canada's bombard 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 to e.u. regulators blocked its attempt to merge with german competitors siemens last year. let's get to the bottom of this with our reporter daniel winter daniel welcome along so why is alston so keen to snuff out from 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 they had to intervene there seems and it's an effort to create a challenger to china see os see which is a bear of
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a train may come you can see this now combination of. a would to 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 c and the 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 c.r.c. is 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. a 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 it couldn't i mean let's just look at the union members of a game it is a german union now they. represent workers at. bonn which is
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a big customer of both own body 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 fuse thing meaning that the bargaining aspects of the bargaining benefits that dodge van have 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 oh see how this progresses over the coming days in the coming months thanks for bringing us your insight stan you're with. 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 its chinese plans have all reopened but outpost is still returning to normal cathay pacific has issued a profit warning after the virus outbreak forced it to cancel nearly half its flights for february a 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 a $265000000.00 in damages in a lawsuit aimed by big s.f. the farmer claimed herbicide sprayed on fields near his orchards drifted on to the
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trees killing them it was the 1st u.s. case to rule on the weed killer dye kumba made by the 2 german companies by a 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 determined to change things. armed with just a phone in the laptop down your agenda 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 says angered communities and many of amazon 750000 workers. we are oriented around having as many people in as many states around 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 that cost. rejoinder 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 staff 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 a break amazon allowed us to shoot at the warehouses
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a manager there disputes ilyas claims he says toilets are no more than 90 seconds away from workplaces and workers can use them as needed. we have one straight 30 minutes piece and actually $45.00 on the days with state laws for that and we also get 215 minute paid breaks 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 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 dunya region to us says they
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don't want amazon to go broke they just want to break the power it has over the people who work there. now the returns 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 hold and many australians have been getting emotional about the demise of that 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 factor is this they will wind down sales for its historic hold and brands in 2021 g.m. doesn't see a future in a market 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. very strong
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affinity for this brand this iconic brand including some of the much we 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 whole brand with their watch i think is disappointing and i think at the end of the
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day it's throwing. money at them at the end of the day we're going to respect it at the end of the. g.m.'s withdrawal and stronger focus on its whole market in the us will affect 1500 jobs in thailand and just over 800 in australia and new zealand. that's all from us hair in bed len i'm rob's thanks for joining us you can find more from us on our website we don't come slash business rules of course on facebook and twitter to check us out by.
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