tv Business - News Deutsche Welle May 26, 2020 1:15am-1:31am CEST
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good of all you're watching the news and remember you can keep up to date with all the latest news on our website follow us as well on twitter and instagram i'll be back at the top of the hour with news headlines i'm told me a lot of off base watching. in the height of climate change. for. what's in store. for the future. coming for the major cities to go to inside clear cut or. i'm going crazy thing in
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time. how to handle on new lives in times of the koran a pandemic d.w. reporter. just like everyone else and she's looking for answers thankfully with the help of jamie. thank you is not life as we know it shut. in. the ranks of. tens of thousands of drivers want their money back and germany's top court says they'll get it stating in a president ruling that fox wagon needs to buy back cars from vehicles had been equipped with diesel admissions cheating software also coming up a struggling air carrier look stronger and the german government finally agree on.
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a bail out package but there looks to be more trouble ahead and corrode the virus travel restrictions are taking their toll on the otherwise strong relationship between davis customers and german supermarkets just across the board. welcome to the program a top german court has ruled that force like in must pay compensation to customers who bought v.w. diesel cars fitted with software that manipulated emissions test results the landmark ruling in the so-called diesel gate scandal paves the way for tens of thousands of others to receive damages. the federal court of justice said anyone who bought a v.w. car equipped with software that manipulated emissions tests is entitled to compensation they can return the vehicle and receive partial financial reimbursement from the car maker. it legal for the plaintiffs can request
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compensation from the defendant on the purchase price of his vehicle but they must take into account that the car has been used and they must make the vehicle available to v.w. . the plaintiff was this retiree he had sought a full refund from folks foreign of around 31500 euros for a v.w. sharan he bought in 2014. ark it's a great day and a great ruling it's the ruling that i had expected it won't just help me but also the thousands of plaintiffs who are stuck waiting to bring their lawsuits to a speedy conclusion if you have. to go in around 60000 individual lawsuits are still pending before the courts b.w. is now pledging to act quickly to resolve those outstanding cases. but indeed most foreign will approach plaintiffs in these cases and offer a one off payment the ruling sets a decisive precedent as the 1st judgment on the diesel gate scandal from the
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highest court in germany. you know your business of a virgin can walk us through this walk home what does today's decision mean for people who bought forks wagon diesel cars well most of all it affords them a clarity according to today's court ruling for. these people compensation as a rule in principle and that's important because it was arguing that it shouldn't have to pay any damages though what the plaintiff from the case that was ruled upon today what he was demanding was a full reimbursement of the price he paid for an older for a used diesel car flexible agone argued that it shouldn't have to pay him anything because what he still had at the end of the day was a fully functioning car that he could still drive so this was a case that could have ended in either 2 extremes either either he gets everything back or nothing back and that would have cascading implications for the 60000 or so
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similar cases that we still have in germany but what the federal court of justice decided was that the man wouldn't get his car reimbursed with that price tag sort of knocked down by a few points according to how much the car was used now not every case in this country is clear cut some not everybody for example is who'd fought some people over there some people see with their dealerships there are some people who bought their diesel cars after the diesel gate scandal had broken and now it's not entirely clear like what's happening with those cases but what this case does is set a clear precedent for those who are suing for exxon and it puts them on a better footing tell us about reactions. well the victor in today's proceedings was a retiree called it deliberate he said this was a great decision after a long journey even if his victory was tempered somewhat by the knowledge that your reimbursement a was going to be it was going to be knocked down a few points by the compensation that i just said but what fox said that it would
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do right after this ruling was read. 2 individual plaintiffs and offer them one time settlements and perhaps the opportunity to bypass all a drawn out court proceeding but consumers should consider whatever has to offer a very seriously for example if you had already made a settlement with last month last month and agreed settlements with about 235235000 people so obviously their case is closed but what they got in their salary it was between 1003 $150.00 euros to $6250.00 euros what mr gilbert is getting today after these proceedings is $26000.00 plus interest so that should be on your mind if you aren't affected diesel car owner and approaches you with a settlement the others might have done it too early right how does this ruling now impact for him if we take into consideration the huge hit it has taken by
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the growth of ours and did a huge hit it was we saw operating profits at fox fun fall by more than 80 percent in the 1st quarter and it's hard to know how much of this will affect fire we don't know how much the future settlements will be we don't know how many will take them it's hardly paid out more than 30 billions in fines compensation and buyback schemes it's settled $10000000000.00 in the u.s. alone in the u.k. you have 90000 claimants so what is clear is that will keep paying but we don't know is how much this will affect their future fortunes and future plans say intellectual ability to mount a mom from do business thank you. the german government have reached a deal on a bailout according to the announcement from the economy ministry in return for buying 20 percent of their line shares the government has imposed limits on executive pay and specific financial targets shares in the airline shot up more
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than 7 percent following the announcement but the deal has yet to be approved by shareholders and the european commission. they here's what germany's finance minister olof scholtz had to say about they weren't. the efforts that we're undertaking are limited to a certain timeframe once the company has got its footing again then the state will sell its shares with what i as finance minister hopes will be a small profit given. and staying with sector domestic flights resume than india on monday long queues and crowded airports appeared on the same day india also posted its biggest single day jump in covered $900.00 guests. the lines were long as passengers finally took the opportunity to return home or go back to work social distancing face masks and thermal screening with the order of the day but most seem
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to agree with the measures. i feel that resuming flights is the right thing if this is done with precautions then it's fine let the planes take off. luggage was disinfected airport staff and cabin crew protective equipment airlines including budget carriers indigo spice jet and vistaril had been preparing to resume operations with about a 3rd of their capacity. while india's federal government has not insisted that passengers be quarantined after their flights some states have implemented their own quarantine measures that left airlines scrambling late on sunday to revise schedules. it's risky to operate the flights but resuming the flights will be good for the economy and the staff will also be working at the airport but only 30 percent of them so social distancing is being followed traveling should be allowed for the sake of the economy. india's air transport sector
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contributes around $72000000000.00 to the country's g.d.p. the sector has seen business volume drop by around 40 percent during the current financial year. now thousands of danes normally come to germany every day to shop and order try. weight is an important economic factor in the region of north freezy because in denmark outhaul and many other products are subject to considerably higher taxes but the closure of the border has been bad news for a small nearby german town and its 20 supermarkets. danish beer crowns and denmark's national colors but we're not in denmark this is the german border town of zulu come. here the danish customers king. shoppers arrive on buses to take advantage of the lower sales tax in germany . but now many of the shops are closed the parking
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spots are empty. the town has lost an important source of income. you haven't yet if as we have just over 2000 inhabitants here and 10 supermarkets we make our living from the danes and of course there's a huge difference when they're not here anymore. border traffic has been largely shut down since mid march and denmark are still hesitating to open up out of fear of new infections. that the line between the countries is being guarded by german police an unusual sight on what's normally invisible german danish border. in suited to go retail businesses will go broke soon. the months long lol in trading is set to leave scars on businesses here. he also vocal for the effect of closing the borders is that the employees are simply laid off. or they're put on
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a short time working scheme. temporary workers have all been laid off in our village and we're just waiting for danish customers to come back from across the border so that business in the village can pick up again the t.p.m. in kenya come into off. but the danish on the other side of the border mr jermyn visitors to people who rent out how many flats have suffered heavy losses since tourists haven't been able to enter the country. copenhagen once to decide in the coming days if and. when it will reopen the danish border for visitors. and that's our show i'm chris cuomo and thanks for watching. the from.
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so all the gotta have the ladies come fall and come for. next. kickoff. lots of goals met with silence the 2nd bundesliga match day an empty stadium. beat as by in munich trumps frankfurt. and a half feet of local rivals. to come. 60 minutes w. . o. . staying up today don't miss our highlights w. program mine w dot com highlights. sound.
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to assume. beethoven's pastoral symphony is the foundation of an international art project. to mark the 50th anniversary of the composer's 1st beethoven worldwide. through project starts june 4th on t.w. . hello everyone and welcome to this new edition of eco africa the environment magazine brought to you by channel t.v. here in nigeria and saving uganda and germany's door savella i'm.
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