seeing more passengers more call go and more profit than ever before in a c.e.o. cost and school has plenty of good news that he would have been sharing whether the carious shareholders today at the annual meeting but aviation experts say the challenge for the airline will be to keep the good times rolling the oem the end of the year. look transit is flying high on the back of its twenty seventeen annual report germany's leading airline carried more passengers than ever before and it defended its position as europe's largest carrier thanks to higher income in its cargo logistics and maintenance units is looking at the most profitable year in its history the bottom line is that lufthansa saw net profits jump by a third to almost two point four billion euros and its free cash flow which allows the airline to maintain its fleet and pay for new acquisitions almost doubled to two point two billion euros. and that's cash left terms and needs thanks to millions in additional costs associated with acquiring parts of defunct air berlin love terms his numbers were also bolstered

frankfurt airports the main hop of lufthansa because of increasing delays the quality of service c.e.o. costs what was talking about transferring more the flights from frankfurt to other hops in zurich and vienna and munich so it's not all good it's very successful obviously but the success brings problems that haven't been anticipated to that extent so so what exactly. what those problems are there anything on the scale that. struck in european competitors like ethanol scaling have to deal with. no no no i mean this these are the problems that come with success and that's a big difference if you look at our frost historically there were three big legacy carriers in the in europe british airways now international runs group. scale and the such a group of these three two are very successful r u g tons of course alfonse is in deep deep trouble following the union and employee votes just earlier this week it's a rejection of the paper pozole mate on management so in that sense looks on those in a great spot very successful but it has to deal with the constraints of infrastructure employ employee

frankfurt airport the main hub a full of times because of increasing delays the quality of service c.e.o. costshat was talking about transferring more the flights from frankfurt to other hops in zurich and vienna and munich so it's not all good it's very successful obviously but the success brings problems that haven't been anticipated to that extent so what exactly. what those problems the other anything on the scale that. struck in european competitors like f. scale m. have to deal with. no no no i mean this these are the problems that come with success and that's a big difference if you look at half price historically there were three big legacy carriers in the us and europe british airways no international iran's group. scale and the fans are a group. of these three two were very successful r u g and loved ones of course alfonso is in deep deep trouble following the union and employee votes just earlier this week it's a rejection of the paper pozole made to management so in that sense is it a great spot very successful but it has to deal with the constraints of infrastructure employing empl

germany's leading lender is slashing of a seven thousand jobs part of an overall hole under c.e.o. cost on saving is why i can twenty twelve ga was the world's second largest bank since then it slipped to number eight that puts it under the big u.s. banks credit suisse of switzerland and barclays of the u.k. largest market capitalization the value of all its shares combines and slumped from about thirty billion euros to twenty three point seven billion ads there's been a steep decline in revenue falling from of thirty three billion to twenty six point four billion in twenty seventeen and i want to share holders are up in arms many directing their anger at supervisory board chief powell. he's been in the position since two thousand and twelve and is accused of steering the bank in the wrong direction because the end saving has been a door just since one thousand nine hundred eighty nine starting as an apprentice is also held senior positions in respondent and the legal division last analyst hospitable coffee if deutsche needs yet another restructuring or a total overhaul while i think af

slashes more than seven thousand jobs to cut costs the c.e.o. says is necessary to restore profitability. gadahn first we'll have that story for you coming up in business in one minute. european stocks are live performances. still. live concerts every weekend. in concert. with different languages we fight for different things that's fine let me all stick up for freedom freedom of speech and freedom of press. giving freedom of choice global news that matters d. w. made for mines. seven slauson jobs will go about his culling its investment banking business around the globe the new c.e.o. of germany's biggest lender confirmed the rumors of his first a.g.m. both shareholders and start off on also news. of terrified is from the world's chief as isolationist donald trump says germany strengthen america's national security really. and drying out as south africa's cape town is close to running out of water clever entrepreneurs make the best out of a brand situation. is that of your business i'm going out of us in berlin welcome germany's biggest lender

still to come germany's biggest lender georgia bank slashes more than seven thousand jobs to cut costs the c.e.o. says the step is necessary to restore profitability. gadabout first we'll have that story for you coming up in business in one minute. europe. in stars jersey performance of plenty. plenty of concerts every weekend the to live in concert. to deliberate plenty of places.

c.e.o. . announced his resignation on friday night after staff rejected a paid deal this pilot away for strikes that have cost the carrier three hundred million euros as it aims to cut costs to compete with rivals france's economy minister said on sunday that the airline survival was at stake and the government would not step in to rescue it the air france crisis is just one of many challenges the government is currently dealing with one year into macross presidency opinions are divided whether his sweeping reforms are good for the country. economists say emmanuel mccall has changed more in twelve months than his predecessors did in years. despite heavy resistance he has managed to implement reforms pushing for more flexibility in france's rigid job market. and

and of tons of have already undergone heavy cost cutting air france like behind in restructuring the current strike about pay increases isn't helping. c.e.oshell marks and i accept down on friday night after work at rejected a wage offer of seven percent over four years. thirteen days of strikes and more than two months of conflict if we can dare france putting in jeopardy its performance and its future this is a huge waste that can only make our competitors rejoice and make our alliances more fragile and disorient our teams. the strike is yet another headache for president manuel michel as he attempts to revamp france's economy for him wage restraint and an end to special privileges are key to creating a more flexible workforce but the unions think they've got the upper hand. we want our new president to be open to dialogue. we're asking for a much more open mindset and sharing in social dialogue. the dialogue may not help much given the precarious state air france is in. the. air france still suffers from an economic disease a lack of productivity and stiffness verticality in the management it's a company that has to adapt itself to the

c.e.o. all. announced his resignation friday nights after staff rejected a pay deal this follows a wave of strikes that have cost the carrier three hundred million euros france economics minister said sunday the airline survival was at stake and that the government would not step in to rescue it but the efforts crisis is just one of many challenges the government is currently dealing with one year into emmanuelle presidency opinions are divided whether his sweeping reforms are good for the country. economists say emmanuel mccall has changed more in twelve months than his predecessors did in years. despite heavy resistance he has managed to implement reforms pushing for more flexibility in france's rigid job market. and now his changes are beginning to bear fruit unemployment has fallen by half a percent since he took office. this year the french statistics bureau expects the economy to post its highest growth in eleven years. speaking at the world economic forum back in january mccall appeared confident about france's position in the world ladies and gentlemen my my my first missy he said france is back france i

c.e.o. this new boss christians even announced more than seven thousand job cuts primarily in investment banking he says it's inevitable despite implementation cost of eight hundred million euros. the up to. less than current results leave us no other choice not we need to put the foundations in place now to ensure sustainable long term profitability and. one thing that even some affected workers can agree on is the changes needed to deitsch a bank. we need a bank that can compete both nationally and internationally and that's not the case at the moment. costs are simply too high they need to be cut back. deutsche bank's investment division has been sliding down the global rankings not so long ago it aspired to be one of the front runners in the business now it's fallen back to eighth place. savoring says it's time to act and plans to shrink the division your muscles with the shift we need to balance our business better so that our results don't fluctuate as much. this is the only way we'll be able to sustain profitability and build on our strengths after a couple of. after three consecutive years of losses the new boss is intent on shaking thing

cost the points of never send. the twenty eight team facebook c.e.o. mark zuckerberg public apology tour continues to refer to failing to protect privacy of users they've made a stop in europe now earlier today mr zuckerberg told leaders of the european parliament that facebook hasn't done enough but it's also become clear over the last couple of years that we haven't done enough to prevent these tools from being used for harm as well and that goes for fake news foreign interference in elections and developers misusing people's information we didn't take a broad enough view of our responsibility now is a mistake and i'm sorry for it. mr zuckerberg also said facebook is committed to europe noting their headquarters in ireland other key facilities across europe which dovetailed into a mention of facebook's plans to increase their european workforce up from seven thousand to ten thousand employees. u.s. video streaming service netflix has announced the details of a production partnership with none other than the former u.s. president and first lady barack

peak silver some years ago and i think we're also going to see the costs for mining the product out of the ground increase. the c.e.o. of gold star global enter mcguire we thank him for his time and that's it for now we'll take catch you next time check out boom bust on you tube youtube dot com slash bulldust archie we'll see you next time. ministries police forces and city administrations of many countries depend on one corporation in the us but mike will still be on the board just don't forget the president god i'm stunned just adama's down the guns of the woods as the three that he got on into this it's a must also apply to them proprietary software you don't know the source code isn't that a such a security risk when you have a black box operating the public eye to microsoft dependency puts governments under a cyber threat and not only that to think office can put us in a moment that's what we call softness of the sense of selling missiles the only one of them will focus to think through almost who will do this who will do this. with . the us this is the arsenals of the host i'd be done with the old business sto

c.e.o.'s who have chosen puerto rico as their ideal location for innovation there's incredible tax incentives that allow you to have low cost operations and some of the incentives to apply in many ways to block change. the government of puerto rico offers tax incentives to attract companies and investors to the island last month the department of economic development and commerce announced plans to form an advisory council that will support block same businesses many puerto rican since i'm one still unsure about the idea of their island becoming a paradise for crypto investors rabidly we deploy our food people and where you deal with the bio ball or food people what they want to do it seems like they want to change everything and kind of take over. the part that kind of freaks me out a little bit the investors don't seem to care too much about their critics all they see is potential. puerto rico is a blank slate and we can utilize block chain for government for community many different ways in puerto rico could be a unique place in the world by utilizing watching first in the meantime one leg or arm is preparing for the nex

thousand jobs in an effort to reduce costs reports say wong in every ten dodge of bank employees is facing the chop with cuts likely to extend to twenty nineteen new c.e.o. christian that saving has previously said that the bank is scaling back its presence in the u.s. market and will place more focus on europe the last making than those expected to announce the measures ahead of its annual general meeting on thursday. and monitoring the developments out of this week for us is our financial correspondent john do alone in frankfurt. while the reporting so far seems to indicate that the cuts will be everywhere and all the regions where deutsche bank operates across all levels of the operation so retail banking investment banking asset man asset management at its subsidiary post the bank it's also it's already working on cutting its activities on u.s. equities but it's also started to reduce operations elsewhere like in central europe africa and the middle east so the supervisory board is apparently getting together tonight in order to consult on these plans and these targets are the results being presented tomorrow at that shareholders meeting where i wil

lemonis: the c.e.o. struggles with the fundamentals. how much does it cost to make a dozen? cory: a dozen is around... lemonis: you don't know. cory: oh, no. lemonis: his mother struggles with self-doubt. lisa: i don't think i can take the company where it needs to be. lemonis: you can. i'm positive. i wouldn't be standing here. their product tastes great, but it can't be sold in stores. what's the shelf life? cory: two days. lemonis: if i can't get this young c.e.o. up to speed and get his mother to trust me... no matter what you try to do to push me away, you're not going to be able to do it. ...this cookie company could crumble. my name is marcus lemonis, and i risk my own money to save struggling businesses. we're not gonna wake up every morning wondering if we have a job. we're gonna wake up every morning wondering how many jobs we have to do. it's not always pretty. everything is gonna change. everything. but i do it to save jobs, and i do it to make money. this... let's go to work. ...is "the profit." cory nieves started mr. cory's cookies when he wanted to buy his mo

c.e.o. role. our staff struggles with the cost of meeting regulatory requirements, which are often different and sometimes conflicting across payers. our system must report on dozens of measures for the medicare quality and pay-for performance programs, however, our private insurers ask us to report yet more, sometimes on the same topic, but using a different definition. this complex and confusing data reporting takes time away from what really matters, which is delivering on our health care mission. recruiting and retaining a qualified work force is another challenge for rural providers. we've been fortunate to form partnerships with local and state schools that help develop and maintain our work force. specifically we have multiple grow-your-own programs from paramedic training to hosting medical students, internships and mentoring those who are pursuing a health care m.b.a. we collaborate with the local community health center to host a rural residency training track program. we are set to have the first two physicians complete this training in june of 2019. we do have our work force success stories to

and of tons of have already undergone heavy cost cutting air france like behind in restructuring the current strike about pay increases isn't helping. c.e.o. show march and i accept down on friday night after work at rejected a wage offer of seven percent over four years with thirteen days of strikes and more than two months of conflict if we can there from putting in jeopardy its performance and its future this is a huge waste that can only make our competitors rejoice and make our alliances more fragile and disorient our teams. and. the strike is yet another headache for president manuel michael as he attempts to revamp france's economy for him wage restraint and an end to special privileges are key to creating a more flexible workforce but the unions think they've got the upper hand. we want our new president to be open to dialogue. we're asking for a much more open mindset and sharing in social dialogue. the dialogue may not help much given the precarious state air france is in. the hall so if one still suffers from an economic disease a lack of productivity stiffness verticality in the management it's a company that has to adapt itse

the pressure to cut costs is being felt across the industry this with tech company manufacturing the nose cone for the six the c.e.o. says you need to undercut the competition by twenty to thirty percent to get awarded a contract now. but on the positive side the lower prices have also opened up new market. goals for you in the. in the past we only work for state owned enterprises like the european space agency but commercial orders now make up half of all our work. vacationing in space might sound like the stuff of science fiction but the first space hotel is due to launch in twenty twenty one while in the past it was mainly national governments that were the driving force of space travel now private companies have joined the race for the stars. incidentally that space hotel is already taking reservations for me is sixty eight thousand euro deposit the building materials are due for liftoff in twenty twenty one just one year later the hotel is slated to open for business. guests will have to pay over eight million euros for their stay though. luxury service by and for the financial elite. so with you spend your ho

c.e.o. . announced his resignation friday night after staff rejected a pay deal this fall it away from strikes that have cost the carrier three hundred million euros as it aims to cut costs to compete with leno rivals france's economy minister said on sunday the airline survival was at stake and the government would not step in to rescue it. the right time for a little bit of sports now and that's where i had the back to sarah in thinking their size thank you so much monica we're going now to the fact that nuremberg is going to join fortunate dusseldorf in the bundesliga next season after sailing their promotion from germany second division they want to nail in sand hausen should leap frog just the door off at the top of the table the two will meet on the final day of the season to decide which team goes up as champions. they've already got their hands on a bird's league spot next season now the question for fortunate dusseldorf they make their fans even prouder by wrapping up the week title. despite being happy to french it was vicious killer who looked the more likely to lead at the break while they couldn

c.e.o. so he's sticking his all in it seems germany's biggest lender looks set to slash ten thousand jobs in an effort to reduce costs reports say one in every ten families is facing the chop with cuts likely to extend to twenty nineteen new c.e.o. christian saving has previously said the bank is scaling back its present presence in the u.s. market and will place more focus on europe that was making vendors expected to announce the measures ahead of its annual general meeting on thursday. and monitoring the developments at deutsche this week for us is our financial correspondent john l. de mello on in frankfurt. well the reporting so far seems to indicate that the cuts will be everywhere and all the regions where dortch operates across all levels of the operation so retail banking investment banking assets management at its subsidiary of post the bank it's also it's already working on cutting its activities on u.s. equities but it's also started to reduce operations elsewhere like in central europe africa and the middle east so the supervisory board is apparently getting together tonight in order to consult on these

c.e.o. . jack announced his resignation friday night as a staff rejected a paid deal this fall it away from strikes that have cost the carrier three hundred million euros as it aims to cut costs to compete with leno rivals france's economy minister said sunday the airline survival was at stake and the government would not step in to rescue it. a german industrial orders fell in march for the third two months in a row analysts had been expecting a return to growth after a drop of three and a half percent in january february slide to north point two percent fall looked like a rebound so the decline of nine tenths of a percent from march came as a surprise the german government said the downturn was due to no foreign demand but it says the industrial sector still has a backlog with plenty of orders to keep going so no worries yes about the german economy. and with hopping on fact. thank you so much monica we like to worry free and big bear and speaking of endings we just have time now to break out of this is a for our top stories before we have to go as you can see there are a lot of. nominated close ally dmitri med

to ten thousand jobs in an effort to reduce costs reports say one in every ten employees facing the chop is cuts likely to extend into twenty nineteen new c.e.o chris and saving as previously said the bank is giving back its presence in the us market place more focus on europe the loss making than was expected to announce the measures ahead of its actual general meeting which takes place thursday. and joining us from deutsche bank headquarters in frankfurt general duma launches on the stock exchange but it's the same city you know tell us about all these bankers out of work and what shareholders think about and usually they like job cuts. well remember that this really is the first shareholders benefit now benefit now the job cuts are there for the new c.e.o. to be able to show that he has what it takes to be able to take the tough decisions needed to steer deutsche bank a back to profitability as such dortch of bank shares jumped on the news although they've since gone back down but how they really feel about this move will be made plain tomorrow during that shareholders meeting that you mentioned for now it's worth bearing in mind that one

thousand seven thousand jobs in order to bring costs down he's advocated a return to boring for the bank which is quite normally an unusual name for a c.e.o. to have but is obviously a reference to the turbulence and scandal that's dogged deutsche bank in the last two years now shareholders haven't been particularly impressed with the speech and see if we saw the share price go down after that speech but you know the reason i moved here in front of the deutsche about headquarters is also to try and get a reaction from the people here that i wanted to know how they're how the speech went down with them and from what i can gather it's most of them have been mentally prepared for this step now they're only too aware of the problems the dog. continued restructure was definitely in the cards so not much talk here emanating from the employees of deutsche bank but certainly quite a strong feel of resignation. told to stop that but have you heard anything from stuff representatives who sit on the supervisory board and have they agreed to the job. you know even before the a.g.m. the representatives of the workers were already talking to the media

c.e.o. of a company called ground swell they did a study on this about poverty and energy and what they said is the connection between electric cost and poverty what it was that energy is not a luxury good we can't afford these social cost of living economically challenged communities behind the people who can least afford the cost are paying the biggest electric bills and that's why i'm saying is that not only is that a percentage of cost as i talked about the beginning of the piece it isn't just the actual like these percentage of their income the bottom ten percent are actually paying more per square foot for electricity than people on the top ten twenty percent so you're one percent of your top twenty percent pay less per square foot than the rest of us peasants in the it doesn't surprise me why that is because when you think about it those. with the most money have the most influence right so they're the ones that energy companies who not only probably own the energy companies anyway but you know they're also the ones that the energy companies in this world don't want to mess with right so we're going to we're going to readju

to abide by any regulations, they should be allowed to slam labor costs to the ground if they can and then they should be able -- the c.e.o. should be able to walk away with all the money and then the theory goes that they'll use that money to invest in plant and equipment and then everybody will be better off. but that never happens. that republican philosophy, the conservative philosophy is absolutely and utterly bankrupt. it doesn't work. it's not true. and yet we keep on doing it over and over again. but part of this philosophy is the union busting. and they have been on a 40-year trajectory of trying to break the union. i mentioned pat cole a little while ago when reagan did that. that was a shock wave that reverb vated into a moment -- reverberated into a moment we are now. let me tell you, they've been trolling for a worker, a public employee to try to break public employees for years. a few years ago right before the supreme court justice antonin scalia passed, there was a case before the supreme court called the frederic case. in that case, it's exactly like the janice case. why are they similar? because right-wi

my bosses say that i cost a lot too i disagree and it's not like i have a get a bonus but maybe i should if i'm going the extra mile we all read about the astronomical bonuses c.e.o.'s get or bank is the practice continued well after the global financial crisis hit remember it was the lenders who cooked up that economic catastrophe some took the blame they pay packets trimmed a decade on profitability among the banks is still depressed but those bonuses have bounced back one asset manager topped the table last year earning a thirty million euro bonus that would motivate me then again so would a tiny fraction of that i'm out. they think money makes the world go round but should those who accomplish more earn more. someone does more work i see nothing wrong with them getting a bit extra. so it's an incentive it's a motivating factor if i've performed well i think it's good that i get recognized and rewarded. firing young bankers hungry for success. ten success pains in their business sales managers can earn up to half a million euros a year with a portion of that coming from performance bonuses. in general people work more if individuals are paid more for meeting o