around germany, it's getting more dangerous. we break it all down with experts and political plans, and we de code what it means to you from violin to ride to where you are. it's only non you pod cost fun in briefing on youtube and wherever you get the artificial intelligence and the relentless digitalization of the working world are leading to radical and revolutionary changes for the global economy. the way you've traditional solutions, goodbye. it's times and knuckle down for range of international industry veterans. what can they do to keep pace with development? case then, points us aircraft manufacturer has been lurching from one disaster to the next to the new ceo, pulled a company out of its tail then also and made today europe

spaceport and south america is ramping up the german car industry as in prices and losing ground fast, what's going on? plus saying i do to extract against the wedding industry in germany and india. the noise of a jetliner taken off from your bytes deafening, and served as a reminder. this is boeing's future or flight center in utility, just north of seattle, washington. it is conveniently located just a few 100 yards from boeing's massive everett factory. the future flight center houses indic sufficient showcasing the global aerospace companies trowers in all things. well,

always ition defense and space. the deep dive into the rich history of the ation be, he must a glimpse into the past present and its future. it's all here. it's chinese and glossy version. boeing started out as a lumber company in western washington state and then grew into the um, the giant. it is an aerospace today over the last 100, the voice message manufacturing and production complex in washington state is like a small town of its own, out of around 170000 globally. there these 1000 plus people work here alone. on the latest and newest boeing jetliners like the triple 7 x, for example. boeing has

a lot of pedigree in different areas of throughout its long existence and america that impact people where they work and how we travel space defense and national security and a lot of ways that impact us on a, on a daily basis and our daily lives so no surprise, boeing's order books are full. there's a back look of orders. the company is trying to few as soon as possible and with new and or improve products in development. boeing should be in a good place now. and for the future problem is it is not, not at all in june 2024, dave calhoun, c o. s. boeing. at that time, they appear to send it to you right after more than 5 years of set of missed and serious mistakes that even cost deadly tragedies. calhoun got an earful from us. senators is kind of own or more than 5 years after the

max crashes. do you think boeing has done enough? thank you for the question. i asked myself that question every day. have we done enough? i think the truth is mr. calhoun, you're not focused on safety. you're not focused on quality. you're not focused on transparency. all of this is in the record, but i think actually you're focused on exactly what you were hired to do, which is that you're cutting corners. you are eliminating safety procedures. you are sticking it to your employees. you are cutting back jobs because you're trying to squeeze every piece of profit you can't out of this country. use this company, your strip mining it, your strip mining, boeing, the center. uh, i don't recognize any of the boeing you described really. and i want to assure you don't recognize the way that has the airplanes falling out of the sky. that has had to max is crash, that has had pieces of doors fall out of the sky. and here is where boeing really

is right now. experts say 2 deadly 737, mx crashes left. boeing smacks we've grounded for nearly 2 years. the 787 line is facing delivery delays due to quantity problems, the downturn and commercial air traffic, and subsequently in a line orders for new planes due to co, with $19.00 cost pedal to the company supply chain set up. and finally, in january 2024, the door sized panel from 737, mx 9, blew out 6 minutes after an alaska airlines flight took off renewed concerns about boeing's ability to produce safe plains. then there also are concerns about safety . a commercial airliner, one of the most important things, most from a regulatory standpoint, a to avoid regulatory scrutiny and also just for reputation with your passenger. so you depend on to do your business, even though they're not. your main customer is the airlines. but your reputation for safety is very important and that translates into a full plate of massive concerns and big problems for the new c o. boeing robert

kelly or an aerospace industry veteran or burke in charge since august 2024. this task with making things right again at boeing. but that's easier said than done boys output the production of jets, the still constrained by regulators. the federal aviation administration or f a, a has put boeing under a microscope of increased and intensified scrutiny and oversight. as a result, the nation's largest export or is bleeding money within $4000000000.00 in cash every 3 months, adding to the $33000000000.00 and it already carries as debt from corps. operating loss has accumulated in the last 5 years plus, in addition to all of those issues, the production has been impacted on their west coast factories by recent strikes. that strike scene is due union strike less than $53.00 days before it was result

and reportedly cost boeing additional billions of dollars in los revenue. we were able to get wage increases of over 38 percent or this is a victory and we achieve something that we haven't see for the last 22 years with a solemn history of itself. the international association of the machine is an aerospace workers for insurance. i a. m was quickly criticized by some for asking too much at the wrong time from boeing management that we did have stagnated wages over 10 years. with a massive cost shift on healthcare. we were threatened, our livelihoods were threatened with work, leaving the state and we had to use this is our opportunity to make gain strong games that we hadn't in the last, you know, 101520 years. so it was very important that we use this leverage to the fullest and they're always comes a time at which you have to lock in the gains and we did. and the boeing company

can still be very successful and can't be successful without the eye. and together, hopefully we can bring this company back on track, increase the rates and start building airplanes in a safe, efficient way going forward. boeing is in a squeeze management denounced, it will cut 10 percent of the company's workforce. that's 17000 jobs. these layoffs will be accompanied by other cost, cons, divestment and spending restrictions. all of that has an impact on morale, of course, and comes at a bad time. like the ailing aerospace giant must do everything it can to restore its tarnish reputation by changing its culture and improving is production process with a focus on quality, a week decimal or even failing. boeing company is in nobody's interest experts. there's no 2 companies like air bus and boeing in the world right now. each of them has over 40 percent of the market share for commercial aircraft. but the backorders

for these companies are so large that if one company falters or weekends or fails, and that doesn't mean that the other can pick up the load, pick up the slack. both companies are limited in how many airplanes they can produce. so it's not a windfall for air bus if boeing out samples or vice versa, if air bus squared assemble, i think what we should consider though, is there waiting in the wings, is china with an interest to build a sector to sell commercial aircraft? not just domestically to to china, which is a very important market, but also globally. however, it's not all do include for the storage aerospace, but he must, after all, the us government doesn't one going to fail because the pentagon, the us military cannot have boeing freight. and the airlines don't one going to frame either as they make lots of money flying their jets or go. there are a lot of reasons for a lot of interest in boeing figuring out it's many problems and succeed

of the european space agency of setting up sites high and pivotal to its quest as the expansion of it spaceport and friends, piano, those plans need big investments in a lucrative sector this attracting more private players to the aims to increase the frequency of its yearly rocket launches. and in the process, spread its wings and its presence in outer space the, the space center in overseas territory. french deanna in south america is europe only spaceport at most, a handful of rockets each year. take off from here. but that's that to change. the facility is investing 250000000 euros to boost and diversify its activities. a new

control center will be ready here in 2026. let me push him back. one more family film cutoff. yeah. okay. multiplan sweetheart. i am for 9 launches next. yeah. and in the long run, 15 or more each year counts, but they have hundreds of personal small would also accommodate micro launches. at a site we're constructing the zip code. the conflicts are these private rockets, some of reduced capacity, but you're gonna have a lot more launch is a g. yeah. the centers director says the gear up is necessary. not only since rushes invasion of ukraine, which brought space cooperation with moscow to a halt. competition has gotten rougher, not least through private players such as us billionaire, even mosque, and his company space ex you typically me guessing when everything is done through start the lines out asterix prior to that communication is where the full costs, climate surveys, etc. and you really focus on so space is turned into a crucial economic sector looking for we need our own access to it. the space for

that purpose. with more yearly launches to come friend space supplier euro propulsion will have to provide more rocket motors in future. it will boost its workforce from currently $39.00 to at least $45.00 am. please allow me to note setup. i see will increase our capacity to, to production lines on we'll have to give the training to help people mean a lot of corporate image to maintain auto. none of us on know to me will issue for the 1st will 1st will reduce costs come over to who's so, so that your opinion rockets can be competitive on international level rates will see a little upset, auto band, a difficult to define the will more business at the space center will be a boon to the local economy. space ports activities currently represent about 15 percent of french kiana's, g d, p. in future, at least 1800 people will work at the space center up from 1500 now. but even with the plan construction works,

the space center will have to do more to keep up with the international competition . says this business consultant about the integrated space ex launch is at least a 100 rock. and so yeah, that's all you know, but you're also wants to launch about 10 in the building. this is not comparable. it's going on. and then he couldn't any, i'm, most of the micro launches, haven't reached the commercial stage at all. so they're not ready at all. so, and this will go with a all sale he's coming up there. and yet there are not only economic arguments for modernizing the space center. the machine is only now china, the us with their own policy era, russia which is no longer launching from handle the so it's important to have our own spaceport on strategy. the world continues to reach for the stars. but we might well be seeing less cooperation and more competition between the various players in the burgeoning space market, the or

back on planet or the german car industry is facing its fair share of tough task. one of the biggest challenges making the switch to eaves and other 0 emission vehicles staying competitive on the road ahead will require more flexibility, ingenuity and technical agility. what's gone wrong for german carmakers? how can they recover and redeem the reputation as world leaders? the excellent engineering, robust construction, cutting edge technology on unmatched plot to your german cars and vans have been celebrated worldwide for decades. but the winds have changed, and the german auto industry is now showing signs of under village. it is

not all of a sudden folding of the eclipse day is the lack of roughly 500000 comp. yeah. call me cuz i having to adapt to major transformative processes and other challenges. a situation that applies not solely to the automotive industry, nor exclusively to german cars, being the powerhouse of your appellate body makes germany more exposed. the market is lacking in comparison to pre corona, roughly $2000000.00 cost as folks bought them. for example, as the group was participating with the nearly 25 percent market share, this means there's a lot of prop needs type 100000 costs. but yet the automotive industry is not the only industry that is suffering from higher energy prices, higher, higher wage prices. but also this is changing the role of china no longer being just a very welcome export destination, about actually being a system rival,

a few years competitive. the impact of these factors is evident in the profits of germany's leading time manufacturers. over the last 2 years. the quarterly results of books b and w and mercy. this have declined. in the 3rd quarter of 2024, they plummeted. the decline the presents more than just the hiccup. as soon as folks are the consequences, the ripping outward rising cost effective both the industry and consumers making the challenges even more complex the course, the question, the cost. high energy costs, which were often depend, demik rising to to the re principal. then, of course, as well due to the rising cost, every where people are having less money in their pocket. so they're demanding rises, all the categories and things of course, has been adding as well to the increase of cost. while of course,

they are doing all the with the automotive sector is the largest in german and serves as a cushion pillar of the economy to put things into perspective. last year, germany exported cars was 273000000000 euros motor vehicles accounted for over 17 percent of germany's exports, followed by machinery, chemicals, electronics, pharmaceuticals, mentos, on a variety of other products. there is no wonder people say when the auto industry sneezes, the entire german economy catches a quote because the car industry is not just about cards. if you add to that suppliers, suppliers of suppliers, if you add to that entire infrastructure as being, depending on the automotive industry, just think of where some of these factories are very often in the middle of nowhere . so they are really entire cities, villages, with their infrastructure being dependent on the automotive industry. wide chinese

brands like new id has taken over b w's leadership on their own domestic market. trying these cars or the competitive on price have not yet surpassed the technology. because cap abilities of german models, particularly in areas like connectivity and entertainment, caught the german car industry, be at a turning point, potentially facing a face like that of nokia or even quarter. i think we still have a very strong car. automotive industry in germany. it is not that german common new factors no longer sell cars, they only sell less cars then then then in the past, the market has become more competitive. they just need to get the fact that is best for success. that they need to be foster in production and, and developing especially with the german automotive industry, facing significant challenges and tests that are what i had with them on further

innovation and adaptability. the from colors to bleeding in very special ring. and when it comes to the actual wedding for all the variety worldwide, one thing couples have in common is making. i do a unique and unforgettable moment mc austin lavish celebration. and no country is as big on weddings as india facilities option. go on for days and nothing is left to chance in an industry where money is no object. the indian weddings can involve years of planning with hundreds of thousands of people attending the celebrations and preparations, taking up a weeks or even months of the couple of times on what's known

as winning street in galley futures balances and this families can find everything they need for their big day, indian weddings are elaborate affairs and business is booming. and the every day new shops open here, creating a lot of competition. if i hadn't got cost us $4.00 and a half 1000 rupees, if we set up a $5000.00 competition, we sell them for only a $500.00 profit margin for the show because there are lots of other shops, parents have expenses, also have to be met. the, the stuff to pay the rent, the electricity bills, a lot of competition, i'm sorry, low margins in india and the bride and groom ends, their entire entourage go to get outfits and they spend a lot of money on average, hundreds of yours per person on clothes alone yeah, i'm i paul blip out of the bare leg it pop up out of there. yeah, we dress grooms on their fathers on the grooves, not need on the could include your brother in law or your younger brother. the one

supplement the governor. we picked the including the bronze brought the full yeah, those are the about the we dress all the v i p. guess attending away to your home. and every i remember once of how many they ought to come here in bavaria in southern germany. the brightening, grew to be shopping at a wedding trade, fer, while hundreds of guests gathered to celebrate in india celebrations in germany on far less impressive couples in germany are now spending less on weddings due to high inflation hospitals. there are still some big wedding so much we're really happy about. but overall weddings it becomes smaller. the fair cells, everything for the special day visitors can have rings made by the bridal gown or hire a photographer. but with the economic crisis making itself felt, many exhibitors have simply stopped coming. it's nice to be to upside most of the

knows that because they've closed down. this is, that's very sign either seeing people who i've been working with for many years, having to give up their business to business. no longer viable with rising payroll costs are right. it's less than getting ahold of me thinking the whole the most expensive wedding of all time took place. and by in the summer of 2024. the cost for the couple on on time barney and radi come merchant over $100000000.00 euros. the room is the son of an indian businessman and multi millionaire. among the guests were celebrities from around the world. this couple of live in canada and have spent almost 3 years preparing their 7 day wedding. those who can in india celebrate the occasion in grandiose style, i think, yeah, i all for every, via, via that. so a life changing event, then yes, it's a, it's, it's the most latest. the grandest event that we have in 152 phones, especially from canada to india, 3 months in

a 2 months. so i just came for 5 days just for the shopping because the windows in india are not big and women daughters. the bigger and more spectacular, the better. on average indian families spend up to a 100000 euros on a wedding. maybe in my opinion, living it's so once in a life by now put unity. i know, and one point is also sort. so media, you can say they want to live this moment and then again and again again and again maybe go to these ends. i think this is, this is the one that indians i use this who wants to sort them want to show this status to other people and that's what it is next to them. in other areas, i think around the world, it's not the same. the couple took 60 days off work for their wedding, which had over $400.00 guests arriving from around the world. back in germany, while the number of visitors to the wedding fare is still limited. business is good for this jeweller. he's benefiting from high gold prices and demand for wedding

ring to some couples even come in as a weekend to make their own brings with the jewelry in the hospital. and it always has to be something special and individual. this goes under, in our case, special elements using the families own gold. so someone might bring along the, bring a bed to cease grandmother for example, an evening which lives on and the new waiting right on the, the in knowing evening by the lead. due to the sheer size and scale of weddings in india, many couples hire a planner, some insurance contract and nor so ha, sounded their company 5 years ago. and it's really paying off. people started spending more on reading this because it, so competition sort of a big because, you know, every company wants to be different from the previous customers. so you also have to come up with a lot of ideas every time you need somebody new. so you, all people are spending more because india is

a country of contrast with extreme poverty, but also a growing affluent class. a major reason why the business for wedding planners continues to grow back in germany. business is good for this wedding planner to things to well love couples. she organizes weddings that cost upwards of 50000 bureaus and my name can to my clients are people who don't have the time because they work full time, but want their wedding to be organized so that the bride and groom can sit back and relax the plan and come to this couple is going home, happy today with lots of ideas for their wedding. as in the past, i still need something to where she already has the address, the sites and for the rings, and to get a few ideas for decorations and what have you. and to give you the over in india, it's time for the party to begin with a couple and their guests are like a truly memorable celebration. and

that's it for this made party with industry giants aiming to take off again in the air and on the ground and a space for investing in the future. so you out of plus the

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the business day. the news life from berlin. donald trump makes a dramatic declaration about goes up to us. we'll take over the gaza strip and we will do a job with it too. will own it. the american president makes the claim during a visit to washington by his rarely prime minister benjamin netanyahu. over the future of the world, every step of the street from which trump said thomas damian's should be re settled both on the show at least 11 people are killed in the shooting at the college and sweden. a thought up to say it'd be a talk to extra the loan and do the.