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tv   Business - News  Deutsche Welle  December 28, 2020 9:15am-9:31am CET

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on the day when 2 bits from poland emerged victorious. the holywood action film wonder woman 19047 record for 2020 with the state view over the holiday weekend the warner brothers production pulled in nearly $20000000.00 in u.s. and canadian movie theaters the highest opening for any hollywood film since the credit shuttered cinemas across the world box office take was higher than many expected since the feature was also launched for streaming to the chagrin of some of those. thanks for watch. closely. he said carefully. don't simply be nice to do cool.
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discovery home. to. subscribe to the documentary on you tube. what will happen to britain's financial. question has not been in the post breaks its trade deal we talked. to find out more also coming up how to keep the skies emissions free. after off his show the way.
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welcome to the business i want to johnsonville him good to have you with us and was starting with a look at the christmas breaks a deal as you remember fishing was the final sticking point of those talks it carries a lot of political wagering gaining control over u.k. waters was a big part of the leave campaign it's worth remembering that fishing is only a tiny part of the overall economy accounting for just around north point 12 percent of g.d.p. that's it unlike britain's financial services sector which at $126000000000.00 pounds accounts for 10 percent of g.d.p. but financial services is not part of the trade deal which means the city of london will lose access to the european markets come january the 1st now brussels wants to hinge market access on how far britain diverges from us standards british finance minister richie so not meanwhile tried to reassure the financial players in the city of london that
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a deal is on the cards this deal also provides reassurance because there's a stable regulatory cross your framework mentioned in the deal which i think will give people that reassurance that we were remaining close don't a lot of our european partners when it comes to things like equivalence decisions for example so i think that will give people rich surance so the british finance minister there and for more i'm joined now by our financial market correspondent in frankfurt as it does. so now they're saying we can do things a bit differently now what exactly has he got in mind. to begin with you are asking me to be a mind reader this is very difficult to say what's in his mind but definitely he feels that things are going to be different from what they are at this point of time one of the things he's focusing on is on making london the i.p.o. capital. of the world a global i.p.o. par with new york and that's the reason why there is
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a review of the existing listing rules and the reviews are going to deal with matters late whether during clashes which are not allowed in the you should be allowed. the fluting limitation should be there at 25 percent or should be lower so all these things are going to be decided to but there's still a lot of uncertainty as to how he's planning to use this new form control to the betterment of the financial services sector there but on the possible changes to certain rules go in to be a big problem in achieving a deal with brussels and in brussels proposed a decision on financial services saying a lot will depend on how far britain diverges from you standards yeah exactly and that's the reason why it's not going to be business as usual even if the e.u. finds that the british rules are equivalent to the e.u. norms 1st of all even with that it will in fact it's never going to be as
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a passport arrangement was where they almost had free access to the goods to the common market it's not going to be that it does not go wide gamut of services that are covered by the current arrangement the past boarding arrangement and most of all it's it's temporary it can't be revoked at a 30 day notice so that's going to keep the companies on the edge and just very briefly what's this need this uncertainty for britain's financial services sector in the meantime. i just say that some thousands of jobs have already shifted to the you know trillions in assets have shifted and that's not going to stop with the all the uncertainty being around no right as it has been in frankfurt thank you so much . time now for a quick look at some of the other business stories making news. chinese regulators have ordered jack ma to overhaul his online financial group and china's central
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bank told ma to switch and focus back to its mainstay payments business he's been under pressure since he criticised the government for stifling all stiff innovation in november regulators suspended and stock markets debut. u.s. presidents donna trump has signed a $900000000000.00 pandemic relief package initially refused to accept the bipartisan deal that will deliver long stalled cash to businesses and individuals had demanded relief checks to american citizens the up from $600.00 to $2000.00. the german government does not plan to back down in the dispute with the u.s. over its north stream to pipeline for a minister said in berlin the north stream 2 pipeline is to carry russian gas directly to germany via a route under the baltic sea washington fears the project is increasing the e.u.'s dependence on russia. a flying is noisy
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expensive and it pollutes the environment but that could soon change scientists and companies from around the world are researching in missions free technologies much hope is being placed in solutions like soda or electricity this new act raft from slovenia has been turning heads since its certification just a few months ago take a look. it's not an audio glitch this airplane really is as quiet is that it's called the village and it's battery powered develops is the 1st certified aircraft of its kind instead of a gas tank indicator the instruments indicate battery levels. it was still in the same mantra that kicked off the company 30 years ago it was to make flying cheaper you know electricity is cheaper than fuel it's also quieter it was again another step into this direction where we wanted to approach flying to more people since summer pippa stroke has sold 50 of its various planes the aircraft is
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a sticker price of $160000.00 euros the company was able to do with auto makers couldn't they're offering their electric aircraft at the same price as a combustion engine aircraft the slovenian company has pioneered a new way of thinking among pilots. so the market is interesting you know it turns relatively quickly from naysayers for people from people who much in the much shorter to say this is not practical not useful it doesn't make sense to oh it's cool it works i saw it somewhere so maybe it's time for me to consider it as well but what helps the most is the noise spoke to pilots in switzerland to have opened up the world's 1st electric flight school they were only allowed to open the school at this location because the aircraft is so much quieter than a standard plane the only hitch its $140.00 kilo battery is out of juice after only 50 minutes not a problem though. we have to realize that electric flying already makes
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sense in basic training because the plane's duration is pretty much exactly the amount of time we need for a flight lesson one lesson last 40 minutes and that's what we can fly without any problems using today's technology we can make these electric aircraft are undoubtedly just the beginning the slovenian manufacturer has been working on clean propulsion aircraft for 13 years including this electric motor glider the head of development estimates that in 5 years the veliz will be able to fly 100 minutes using improved batteries when it comes to the future of electric aircraft the sky's the limit. so what's the future hold in still for aviation let's ask. professor at the reagans they're going to the city of applied sciences where he and his team focus on various aspects of the energy sector that to have you with
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us 1st of all i mean this report today just now focusing on an electric x. raft but will the electric chair the fate of the electric cars meaning nice to have but not going mainstream. well the car is already going relates to that creative electric car. electric flying is always points to energy density issues so a bettery does that if the energy density to take you long distances is suitable for short distances the major benefit is the lower noise but we have many many people to carry so it's also interesting to see when we look for short distance traveling maybe to take the train it's much more technically fish and see much more ecological and also what economics to overbridge short distance for short distances granted to doesn't help the aviation industry a lot of though and we know that they're all wet going on on different approaches
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there to make it more climate friendly what's one of those approaches in terms of alternative fuel is the most promising. oversights batteries may have 3 options 1st biofuels they are made of energy crops like sugar cane or palm oil but they are limited in sustainability and social acceptance due to competition to 90 was and lenses change 2nd we have hydrogen has the same problem like batteries the energy density and in the security and so for short distances so the 3rd option system most valuable when you combine hydrogen and c o 2 to a so-called eve hulett is the same properties like fossil jet fuel and it can take you long distances and it does not have the problem like with hydrogen that you fly from one place to another and then there is the fueling station and you finance or things of using this for example flying to south africa then fueling up with if you
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loose made from wind and solar and then flying back to germany this would be a valuable option that is already up to date technical support ok so it's technically face of paul but what about the cost factor i mean just mentioned lift onsite needed to be bailed out this year because of the coronavirus pandemic the aviation sector is under immense pressure right now because of the pandemic will climate neutral aviation actually still be affordable to the masses who's going to pay for it. well certainly transhuman side would say no because it's minimum that double cost of the trip across the stones as the lead to pay double in order also to overcome this shame or flying because of climate change but the only other hand you're seeing again fossil oil coal and gas will drive us more into climate change so climate distractions that are much more expensive than any alternative fuel so in uk total balance happen at least useful and reasonable to do climate sustainable
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slighting innovation but again s.q. is necessary to live or don't do i have to. think how it defend to a unit to go average then of their professor has begun of esoteric applied sciences thank you somewhat. and just very briefly we all know the golden arches how about a golden how a restaurant in the colombian capital bogota is offering a juicy $24.00 karat gold top but go for a whopping 211000 pieces that's 50 euros each sunday which contains double beef patties bacon on e. and cheese and 5 pieces of edible gold leafs. yummy that's it thanks for watching.
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