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tv   Business - News  Deutsche Welle  October 16, 2020 8:15am-8:31am CEST

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supposed to cope with 19 events as president said he had all of the rules for an old who has since returned italy on a private jet where he is or unchaining. you're watching news from berlin coming up next it's business news with kris kobach and terry martin thanks for watching. upset for spectacular pictures. it's their passion for nature. it's their complete to function that makes them wildlife photographer in the world . and. confrontational and story. 5 adventures. one goal. the preservation of our planet.
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it's not just an issue of heart and trees and saving pandas anymore. it's us that's survive it's. passion for trial starts november 6th on t.w. . no deal and sides of the e.u. is telling the u.k. government to move on their red lines for a post break trades deal will prime minister boris johnson not call off the talks also coming up germany's industrial heavyweight tizen corp has long been struggling to stay above water now the sale of its former core business could prove to be a lifesaver and france's fearing a lost generation among its years those hundreds of thousands of them want to enter the labor market while the economy is shrinking. across the program
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leaders have called on britain to quote to make the necessary moves to make a post brags its trade deal possible. now this demand didn't go down well with u.k. government which is still wrangling with brussels over their political and economic ties future relations with out a trade deal don't just pose a risk to british businesses but to companies in the european union as well and the break that effect is already visible a study by the deloitte consultancy shows that german companies u.k. revenues have dropped by almost 24000000000 euros and 2015 that is a fall 'd of 6 percent the studies suggest this is largely due to the fall of the pound which has lost 50 percent against the euro zone's 2015 though it also cites indicators which point to german companies looking elsewhere for business opportunities yet least in the u.k.
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they remain strong for every 14 euro's earned by a german company one of those is made in britain and german companies have 375000 employees in the u.k. most of them in the car industry so there is a lot riding on the negotiations for both sides for more on this as an ex on the birch. he's the chief economist and director of research at the lot and one of the authors of the story welcome to the program alexander how likely is it that german companies will largely scale down their operations in the u.k. should there not be a post bragg's a trade deal. well that very much depends on the trait of cream and and whether whether there will be a trade agreement i mean what what we see right now is that exports are going down
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states are going down mainly true of the declining pound but we also see that in a in the relative prospective to u.k. market becomes more on important it's still a huge important market for chairman industry but the trend is quite clear since the referendum so and also that their reactions to company reactions will very much depend on the sector to kompany use in the end that they are very different between automotive for example and banks yeah which sectors are the ones mostly affected. well it's automotive motive is this. to determine automotive sector the u.k. is a very very important market so we see a decline in sales we see it decline in exports but receive quite quite stable employment and that lets us conclude well until now the strategy is more or less wait and see you wait wait wait for the cream men to come and decide it later
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because the uncertainty is still so high especially for the manufacturing industry that kompany say has it tend to do to undertake really far reaching moves like relocation and things like that now as both sides are still struggling to find a compromise i wonder who has more to lose here you can't companies or german or european companies. well i mean the linkages are are quite high but i mean clearly the european union is to most important export market for you k. and the e.u. exporter on 20 per cent to do you k. so in relative terms to you katie has more to loose but on the other side i mean we have to see. that they are sectoral differences i mean do you k. export services europe and germany exports manufactured goods so defects will be
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better very sick so specific and xander both sides have been digging in their heels what do you think will there be a deal in the end. well i hope so because both sides have have much to loose so i'm sort of cautiously optimistic but it certainly makes sense to prepare for a scenario alexander version of the lloyds thank you for talking to the. thank you. and i while future u.k. e.u. and german ties remain questionable in many sectors there could be a big tie up in the steel sector german media reports that u.k. metals group liberty house is preparing a bid for the steel operations of germany's corp now such a deal would see a merger of the top of 2 of the top 4 steel producers in europe in the industrial conglomerate this group has been looking to exit the steel business. as
quote
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its exposure to the struggling tar car industry and the impact of the pandemic. if you don't your financial correspondent charles the delay is in frankfurt for us chelsea the steel business has been tough for quite some time prices are low it's difficult to make a profit what does liberty see interest. it's true that it's very much a difficult time to be any steelmaker even before coronavirus every european still maker was really struggling with overcapacity in the industry the cost of transitioning to more climate friendly production as well as these trade tensions between the e.u. with the us the e.u. and china all of these. problems have really impacted the industry as well so what we've seen is really a push for consolidation in the industry and this is really what liberty is looking
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for and his encrypt is that together they might be a stronger competitor and this really difficult market right now. has tried to sell off this business before a merge merge it's still business and they really pointed to the benefits the cost cuts that they could achieve in really the the efficiencies that that could come out of this so that's really what liberty is also looking for and so should the steel go through would be enough to. this in and of itself is not a silver bullet for to them quote they are really struggling have had a huge fall from grace over the past couple of years got kicked out of the docks here in frankfurt they have to really rethink their entire business so even if this deal goes through they are still having to look at other businesses they could sell off their potential submarine unit they've also discussed potentially getting investment from the state being partially nationalized and that today is going to be a big topic at
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a demonstration from workers who really want to see the state step and make sure that this company can survive chelsea delaney in frankfurt thank you. and now a brief look at some of the other business stories making headlines german comments about him or had a much stronger 3rd quarter than expected the owner of the mercedes-benz brand suffer badly in the 1st half of the year because of the pandemic but it is as posted pretax earnings of $3000000000.00 euros for the months of july to september shares and united airlines have taken a hit after the company laid bare the impact of the pandemic on its finances revenues were down 78 percent year on year during the 3rd quarter the airline says it was losing around $25000000.00 per day during that period. is to france now where the government is fearing that the covert $900.00 crisis could create a lost generation amongst the young with the country's g.d.p.
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expected to shrink by roughly a 5th this year about 750000 young people are set to enter the job market this fall . lisa lewis reports from little where youth unemployment is generally 5 percent 5 points above the national average. life has been an uphill struggle for in the u.s. she's from one of the in spruce neighborhoods dropped out of school early and has been struggling to find a job when the 23 year old finally signed up for a training scheme to become a camp that was then suspended due to cave at 19 and yet today she feels blessed only i got lucky i found a job thanks to the virus as the crisis pushed this nonprofit organization to set up a face mask i accepted their offer right away it means i can make ends meet. lynette
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signed up for 6 months she's paid the minimum wage 80 percent of that are funded by the government the rest is covered through the state of the mosques the scheme also includes regular career counseling with. the don't like on the national. team have says deal with problems related to housing family issues legal issues and so on it's a real advantage i think people with a proper job must be envious of what we have access to during this program and i mean all of this been. since the start of the cave in 1000 crisis demand for such subsidized jobs at the organization has skyrocketed especially by younger people. that even people who hand in this c.v. impersonal to increase their chances although that's not really unusual in the times of the internet there's also a wider spectrum of young people who apply i've got applications from graduates who have studied for up to 4 years and wouldn't normally look for that kind of job but they're scattered apart from financing more subsidised jobs the government is also
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setting up new training schemes in the i t. and sustainable development sectors but this economist says all this doesn't tackle francis on the line problem. doesn't. our young people are learning too many of your article and not enough practical skills which leads to structural unemployment we need to really reform the articulation system from our elementary schools all the way through to university the young need to learn to think practically. linda is never the less convinced the scheme has allowed her to better understand what she wants in life. when susan is on paper. i don't want to do this job forever a lot about the counseling has helped me better define my long term project i now know what i was made for i want to work as a care worker with. no money is a good. she's waiting for
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a training course to be rescheduled so that she can one day indeed get a job as a cab worker and afford a flat in a nice area of new. program as you can find more on our website. or you simply visit our social media stream. for me and the entire thanks for watching the never sell for successful.
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they are in defense of cultural autonomy. clocky pride the country arts university the far right govern. it wants to impose a government over going to war to. the student protesters strongly opposed this measure. the culture war in congress to sleeping up. some kids on.
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the line for us is on its way to bring you more conservation. how do we become sick and scream how can we protect habitats we can make a difference the line to the mental series of little towns and d.-w. and all mine. hello and welcome to the program show and it's nice to have you with us it was the 1st country to impose a nationwide lockdown and now italy him is bracing for a 2nd wave as 1000 cases in europe climb just months ago the northern city of baghdad was in full blown crisis mode as the virus swept through the region of the dead.

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