tv Business - News Deutsche Welle June 24, 2020 11:15pm-11:30pm CEST
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on that search of zach's we'll have more world news at the top of the stephen because they will be here in just a moment with sight you'll dismiss a place of the day. where i come from we have to fight for a free press and was born and raised in a new talent the danger ship with just one to be shot now and if you use pain for us when official information has attorneys i have work off the streets of many cantrips and their problems are always the same 14 social inequality
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a lack of the freedom of the press and corruption who can afford to stay silent when it comes to the fans of the human scene or microphones who have decided to put their trust in us. my name is jean harris and i encourage. buyer strikes a deal in his legal battle over herbicide round up the german agro chemical firm will pay billions to satisfy the largest chunk of american lawsuits still keeping rounds up on shelves. in tons of largest shareholder says he'll vote for a 9000000000 euro german government rescue package perhaps taking some of the drama off from thursday's shareholder vote. god is dependent on chinese imports could
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that change if it starts making more things at home. this is your business report and. it's good to have you with us is the news that buyer shareholders have been awaiting the company has reached a $10900000000.00 settlement to close out the bulk of american lawsuits the legit airbus side round up causes cancer by hopes the deal can finally remove a burden that's weighed on that share price for the past 2 years. the son wipes 3 quarters of the 125000 ongoing and potential lawsuits off the table according to buyer. it struck the agreement to end a financial nightmare which began with its purchase of u.s. crop science giant monsanto a takeover the does prove more costly than anyone could have imagined 2 months after the acquisition in 2018 by a london court as the new owner a man who'd used monsanto's herbicide roundup or contracted cancer he accused the
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company of downplaying the wheat killers risks a string of cases followed with by a losing one after the other. roundup with its active ingredient life as it is normally used in agriculture but monsanto also promoted its best sellers a weed killer for garden sports fields and parks as well the herbicide has never been classified as carcinogenic by the u.s. environmental protection agency e.p.a. and that was the main pillar of buyers defense but judges and juries consistently saw it differently buyers new subsidiary was threatening to topple it into bankruptcy the german company's shares have plummeted since the takeover in march this year buyer's market capitalization had been hard. major shareholders were piling on the pressure to get the problem sorted fast the 10800000000 dollars settlement may help to do that meanwhile by and u.s. regulators still insist that roundup does not cause cancer when used correctly and
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on monday the californian cooled ruled that roundups instruction leaflet does not have to carry a warning that it could cause cancer. let's take a look now at some of the other global business stories making headlines. the troubled ministration is threatening more than $3000000000.00 in new tariffs on e.u. and british goods as part of its dispute over aircraft subsidies cheese yogurt and olives would be affected as well as whiskey trucks and aircraft move as part of a broader u.s. response to e.u. subsidies for plane maker air bus. the u.s. is offering to help fund brazil's 5 g. infrastructure but only if it doesn't buy gear from chinese from the way the american ambassador to brazil said that huawei the world's largest telecoms equipment maker was not to be trusted. with the international monetary fund now says the global economy is going to contract 4.9 percent in 2020 that's more than
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its previous projection of 3 percent the i.m.f. expects a larger than anticipated supply shock as a result of coronavirus linked lockdowns. was a big day tomorrow for one of europe's largest flyers as move tons of shareholders gathered to vote on a 9000000000 euro rescue package that would see the german government take a significant stake in the business as supporters of the deal were boosted wednesday when the airline's largest shareholder. revealed he would vote with them here's what the deal entails. full of towns are the coronavirus pandemic has been a nightmare barely anyone's flying barely anyone is wanted to fly and the outlook's not much better dances main source of profit is its business class but with video conferencing getting ever more popular even that's facing an uncertain future solar turns it has agreed a potential government aid package in exchange for 9000000000 euros in help the german state is expecting
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a 20 percent stake in the national carrier and it wants an option for a blocking minority of shares empowering it to veto any attempt to takeover the airline under pressure from the e.u.'s competition watchdog lufthansa will also have to surrender 20 for takeoff and landing slots in frankfurt and munich and there will be job cuts to affecting or departments cabin crew ground staff and pilots its of cities will also be affected german wings has been permanently grounded austrian airlines euro wings and brussels airlines will also take a hit. lufthansa needs help to get off the ground again but even when air travel properly restarts germany's long time leader will never be as it was. and we mentioned huawei earlier the chinese equipment maker has open the doors to its flagship store in shanghai while way needs
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a shot in the arm especially is about growing pressure from the u.s. government and it got it i the grand opening of the wall ways biggest ever flagship store in shanghai staffed clap and cheer at a site that's become unusual these days a big shopping crowd with many more customers waiting outside while we's new 5000 square meters space in its home market is a statement at a time when it's running into trouble overseas many while we fans say that's why they're here. he gave you a that was a star one of p. 40 pro who always phone here in a 2nd i want to support who our way of because the u.s. is suppressing huawei one actually the u.s. is not only suppressing huawei but all of china if we can we should try our best to support patriotism right that's the sort of i would do that. loyal
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customers are about to get more chances to do that way says it's going to add several similar stores in china in the coming year but it insists that these plans were made even before the u.s. government launched a global campaign against the world's 2nd biggest smartphone maker. but the choice of location for this latest store could be sending a message anyway it's on shanghai's busiest shopping street right across from the world's biggest tech company apple from the u.s. . over the after now where ugandan president yoweri was 70 wants to reduce. his country's dependence on chinese imports of particular he wants to use the $419000000.00 covert emergency fund from the i.m.f. to bolster local manufacturers of all goes according to plan uganda could import less finished goods but economists say china won't simply give up its markets in the country outside uganda's capital campolo these women and main have
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a deadline to produce half a 1000000 fists musts within 8 weeks they team leader at this government facility once to demonstrate that ugandans can make products that were previously imported. to the hardware store and you can't find a single item that is made in even a bowl. and i'm think even the quote from it will be for the doing things like. what is there in persisting. exporting. to end up in. remove. uganda wants to reduce dependence on imports. this electric bass for instance is made by a ugandan company the state does fully funded it as a way of showing how the country's resources can be used instead of simply being
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exported as raw materials minium that is part of this fuss and easily discussed here the bum born to flow. steel which is the biggest component on this bus we have an o. and is now said converting that and localizing the supply chain that fuels production in manufacturing last year uganda spent more than 880000000 dollars on importing goods from china alone researchers see that uganda can keep that karsh if locals produce the goods however the local economy could still lose out if the factories at home owned by the chinese who can reply to it profits some also argue that because china relies on africa's raw materials and its market it might not be ready to lose its to the locos whatever china wants too much of it they come and
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get here they take it and grow much are they going process and they bring it back now you're telling them that you know you guys we are going to we want to start our own business and tell you what you told them is please get out of here. and you do think about the source you break it in the ship but that does not seem to deter professor from training up ugandans he's hope is that embracing technology will improve uganda's chances of becoming more self-reliant. the labor market may be tough for many job seekers at the moment but getting the right candidates can also be difficult for certain employers going. forward intelligence everything can change in. the cia and u.s. intelligence gathering agency is targeting young people with this job ads it's the 1st time that it's ever used a video spot to advertise for potential recruits the ad will be running on
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streaming platforms and while it's looking for young hires the cia says everyone applying will be considered for help keep every american say. you're a chief. and that's it for me and the business team here in berlin you can find out more about these and other stories on line a d w dot com slash business and to check us out on facebook and twitter i'm stephen beardsley as always thanks for watching.
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a major rethink. me in germany. next on d w. ma to my your. unlimited number. can now return to the beloved holiday island. to join a minute and then the thing is different. and each club 6 the party seems to be over. the bus is like a laboratory. and what the locals say minute germans come to visit focused on europe. in 60 minutes on. armstrong really walking on the moon. isn't the earth really slides after all it. was the government planes to poison us. conspiracy theories spread like wildfire
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on the internet. innocent conspiracy theories can provide comfort you don't like reality create another option. a film about knowledge and belief trust and deception. democracy of the gullible starts joy 1st on d w. the corona virus outbreak has been a disaster in so many ways for the tragic loss of life it a blitter rated international financial markets in one fell swoop it to.
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