if you take where air berlin used to compete with lufthansa, with air berlin out of the picture lufthansaill be taking on euro wings. it does not sound like much come petition to me. so there is the fear of higher prices and a monopoly in germany, which are justified in my point of view. and we have to remember, this deal is not in the books yet. should the remains of air berlin, the ones that have not been snatched up by lufthansa, should they find no other buyer, not picked up by another bidder, then the whole deal may be blown. it may be taken off altogether. may be blocked by the competition, because these remains are not supposed to just disappear from the market, because that would give lufthansa even more strength. >> that is why the whole thing is controversial. the other controversy, the employees, because the union says lufthansa is offering too few jobs. >> the situation for the employees is difficult. lufthansa says it is ready to welcome 3000 new members of staff, but for one -- many must reapply for a job, they will not just be taken over along with their old contracts. they

but maybe lufthansa could come to its rescue?ny's flagship carrier said last week it would be interested in creating a new alitalia. lufthansa is also buying up parts of air berlin to expand its eurowings budget airline business. with me is tilmann gabriel, executive chairman of the international pilot training association, and professor of aviation management at city university, london. good morning. good morning. the plot thickens every minute. basically, the italian government has said in a statement at the end of last week they will add a further 300 million euros as a loan to help alitalia for a few more months. give us your take on the situation. alitalia seemed to have a good position before two weeks ago when there was a big disruption in europe with ryanair, with monarch, and it was a bad time for alitalia because they were forgotten. and now they have been given another 300 million euros loan from the italian government. it is difficult for a government to support the local airline due to laws in the eu. alitalia will b

everyone knew it was coming and now it has happened lufthansa will incorporate air berlin's assets into its expanding subsidiary euro wings. of ten's who will pay approximately two hundred ten million euros and will take over eighty one of about one hundred thirty least aircraft from air berlin seventeen hundred employees will become lufthansa staff and a further thirteen hundred can reapply for their jobs doesn't go with us but for the oh this is a big step for you are a wings. i think it's an important decision for germany's position in the aviation industry because we're capable of providing a secure future for three thousand employees which was not necessarily the case before and i have to admit we have to ensure that europe too has strong global players. for the german varity union the three thousand positions offered by loved ones are not enough because they leave five thousand five hundred employees out of the deal. doesn't this is not good news for air berlin employees because right now it seems like only a fraction of the workforce will have the ability to apply for a job and.

on welcome to the show on a decisive day for european aviation germany's biggest airline lufthansa is buying up more than half of the second biggest air berlin went bankrupt a couple of months back after years of massive losses the deal will leave lufthansa in a much better position to compete with low cost carriers like easy jet and ryanair which started. many short haul. investors welcome to takeover towns a stock to a seventeen year high but a consumer advocacy association fears the move could mean less competition. everyone knew it was coming and now it has happened will incorporate air berlin's assets into its expanding subsidiary euro wings. fans will pay approximately two hundred ten million euros and will take over eighty one of about one hundred thirty least aircraft from air berlin seven hundred employees will become lufthansa staff and a further thirteen hundred can reapply for their jobs doesn't go with us but for the oh this is a big step for you are a wings and i think it's an important decision for germany's position in the aviation industry because we're capable of pro

but maybe lufthansa could come to its rescue?'s flagship carrier said last week it would be interested in creating a new alitalia. lufthansa is also buying up parts of air berlin to expand its eurowings budget airline business. daniel roska, is a senior european transportation analyst at the investment firm sanford c bernstein. what do you think may happen? i feel like i have talked about alitalia nearly on the edge of bankruptcy for my entire career. it is very through and the three parties who are interested have said they will be looking to buy parts of alitalia, but not in the shape it is in today and that is what is stopping them. what do they want? the italian market is the fifth largest in europe and it has a great centre in milan, so there are valuable passengers, it is just the market structure that is not very profitable. the airline itself has only made a profit once in one year, in1998, only made a profit once in one year, in 1998, since it was founded in the 19405. in 1998, since it was founded in the 1940s. the way

germany's flag carrier love towns has a deal to take over big parts of bankrupt rival air berlin lufthansa stock shoots up as it takes most aircraft and landing slots but easyjet could get the rest will tell you what this means for passengers. also on the show because the famous crypto currency is rallying and nobody truly knows why the jump comes as several governments are calling for more regulation. and a shot of tequila will never feel the same entrepreneur who wants to use the plant to power cars and planes in the future. it's time for business on the w. i'm here to get us welcome to the show on a decisive day for european aviation germany's biggest airline lufthansa is buying up more than half of the second biggest air berlin went bankrupt a couple of months back after years of massive losses the deal will leave love towns in a much better position to compete with low cost carriers like easy jet and ryanair which dominate many short haul routes here in europe investors welcome to takeover pushing lifton's a stock to a seventeen year high but a consumer advocacy association fears the

the latest loan is intended to keep the airline afloat until a new buyer can be found germany's lufthansa is said to be among the interested parties and bankrupt german airline air berlin is operating its last flights this month and we now know that it will be taken over to a large extent precisely by lufthansa but as the future of air berlin planes and landing rights is clear employees face an uncertain future. eberling pilot on a voice is on his way to the security area of berlin stiegel airport he has flown for the airline for eleven years as an employee representative he supports his colleagues and knows many of them are worried he is concerned himself but friends and relatives have little sympathy they think lufthansa will take on most of the employees. as it might as well be him because that's always the problem you hear oh well you still have a job or there's worse things than going to look tons of but that's not the case no worker will simply move over to move tons of first their work for a year away that means low salaries and if you shop in if you will decide who can stay and wh

you can try but it's unfortunate for passengers of both lufthansa and air berlin it's sad really. will have to do even less for its customers if. the stock market on the other hand is welcoming the news. climbed up to three point two percent reaching their highest peaks in early two thousand and one despite the enthusiasm of the acquisition is still subject to approval by german and european antitrust authorities. across rival ready. protesting a may fight the deal and many workers are worried about their future employment status to help sort through the wreckage of joined by david sheff a lawyer who's representing some crew and cabin stuff on the. financial correspondent in frankfurt we start with you general ryanair apparently is not complaining to e.u. competition regulators can they stop the deal you know ryan air has already been really vocal about this in the past weeks they've been calling it a conspiracy between the german government and the photons are to strengthen the country's flagship carrier now of course rumors that lufthansa had been gearing up to take over air ber

but the shit you can see but it's unfortunate for passengers of both lufthansa and air berlin it's sad really losing a loved ones will have to do even less for its customers and. the stock market on the other hand is welcoming the news. shares climbed up to three point two percent reaching their highest peaks in squarely two thousand one despite the enthusiasm of the acquisition is still subject to approval by german and european antitrust authorities. air berlin stock skyrocketed more than fifty percent on the deal fell trading at twenty five cents a share that might not actually be so impressive on the other hand was propelled to real heights its share price reached a seventeen year peak this comes off the back of what's already been a really good week for the it's just managed two and a multi-year labor dispute with its pilots not only did look tonsil when trading today it also helped clear the thirteen thousand point barrier. france where president and monarch cause launching step two in his labor market overall focusing on unemployment benefits and job training workers and unions

lufthansa will have no competition and that it needs to have a big competitor but if we look at other european markets the situation will become rather similar to what we see yeah but the situation here is a question whether an already very dominant player becomes even more dominant and if you take the example on routes where air berlin used to compete with loop tons of with ireland out of the picture you have tons of will take on its subsidiary you're owings now that doesn't sound like much competition to me to be honest so there is the fear of higher prices of a monopoly here in germany which are justified in my point of view and we have to remember this deal is not in the books yet should the remains of air berlin that are there the ones that have not been snatched up by everyone by by loved ones of for that matter should they find not no other no other buyers should they not be picked up by another bidder then the whole deal may be blown maybe maybe taken off altogether maybe blocked by competition watch stocks because these remains are not supposed to just disappear from the mark

we hear from the treasury secretary himself at 13:45 cet >>> lufthansa shares lift off helping the dax briefly hit record highs as the airline is set to buy a contract of parts of air berlin. >>> the uk competition authority clears the deal between just eat and hungry house >>> let's get to breaking news leading oil producers are committed to do whatever it takes to rebalance the market. that's according to the latest iea report despite slower demand in the third quarter let's discuss that with neil atkinson from the ieaa always great to have you on the show thank you very much for taking the time usually we talk about the supply side of things first, now i want to talk about demand as you said in your report, demand, the pace has weakened in july and august. in september we saw the impact of the hurricanes. was it off a one-off effect? is this something to worry about longer term? >> i think the focus should shift to the fact that in the second quarter of this year we had exceptionally strong demand growth year on year. that was partly due to the fact that the year before demand was r

lufthansa plans to use air berlin planes to expand its eurowings budget airline business.er its main shareholder, etihad, said it would not give further financial support. flights continued after a transitional loan of 150 million euros from the german government. ryanair previously described the negotiations as a "stitch—up" intended to strengthen lufthansa. taking a look at the markets. that is where the nick a closed yesterday but i can tell you it is up—to—date heading for a fresh 21 year high. kobe steel plunged again. they have been hitting record numbers of highs recently but down today and investors will look ahead today and investors will look ahead to his consumer flesh and today and investors will look ahead to his consumerflesh and data today and investors will look ahead to his consumer flesh and data for september which is due out in a couple of darters. —— consumer inflation data. don't forget, you can get in touch with me and some england's chief medical officer has urged global leaders to address the growing threat of antibiotic resistance. professor dame

has just bought parts of it as well but now lufthansa which is germany's largest airline has put a bid in for a tally of us italy's ailing flag carrier and i love cancer and british budget airline easyjet two of the seven companies that handed in sealed envelopes yesterday in the hope of scoring parts of the italian airline the battle to carve up is heating up the ailing airline has only made a profit a few times in its seventy year history. among the big names interested germany's last turns its reportedly offering half a billion euros for parts of the airline the air giant is only interested in aviation business and not its ground operations if that deal goes ahead half of the employees of italy's largest airline could lose their jobs that's around six thousand people another bidder is british budget carrier easy just put it to only once a slice of the pie europe's largest budget airline ryanair has already withdrawn its bid for the airline office for parts of may not find favor in rome which wants to sell the whole airline. and joining us now from frankfurt is van back he's the head

lufthansa is said to be interested only in certain alitalia routes.tether buyer are lining up to bid for other parts of the airline. the good news for alitalia is the extra credit it received from the time government. brent: one of the companies making traditional carmakers nervous is tesla but things are not running smooth for them either. tesla fired over 700 office staff after receiving bad performance reviews. it is firing more staff than it is making cars. many customers are still waiting on their model three. the silicon valley car company expects to complete 100,000 at the end of the year. despite massive layoffs, tesla is looking to hire hundreds of employees. jenz is on wall street. is this a sign teslas struggling or is this a ordinary shakeup of personnel? correspondent: tesla is saying they're doing the interviews of the performance of their workers on a frequent level and it was not satisfied with the findings. on the other side, there is a lot of speculation going on, if tesla can meet the high production target and wall street is gettin

you can see but it's unfortunate for passengers of both lufthansa and air berlin it's sad really. will have to do even less for its customers and. the stock market on the other hand is welcoming the news. climbed up to three point two percent reaching their highest peaks in early two thousand and one despite the few. the acquisition is still subject to approval by german and european antitrust authorities. all right joining me now in the studio is my very aviation savvy colleague chris duff corba the first of all that deal would you say it's a good one is the best that ebeling could get well it depends who you ask if you ask lou times are for them it is a gigantic coup their low cost subsidiary euro wings in which the herbal imports will be integrated it doubles in size just from one day to the other just like that that is very rare and it doesn't have to go through painfully slow growth in this low cost market which is dominated by other players so for it is it is a big coup if you look at the air berlin staff well it's a it's a rather sad scenario scenario for them of one the fl

that was or is an airline in trouble for so many years and also the lufthansa c.e.o. is making it quite clear that they don't want to kind of take over alitalia as it stands they want to have a restructured alitalia and parts of the assets in order to. have a bigger share of the italian holiday market which is quite attractive and currently dominated by ryan and easyjet and if there in frankfurt on a sector that really consolidating quickly thank you very much. the e.u. has put the controversial gleiser sate debate on the back burner member states can't agree on renewing a european license for the home side widely used in crops over a million europeans have signed a petition against it worried the chemical causes cancer but there are studies that insist it's totally safe. it's the most commonly used have assigned in the world. in europe farmer sprague life aside on around half of all fields used to raise commercial crops many critics demand a ban on bly for site. activists began applying pressure in brussels at the beginning of the wake. the international agency for r

business lufthansa chief executive costs says he's buying up more than half the aircraft of a flailing rival air berlin the frankfurt based carrier just signed the deal at noon today evelyn declared bankruptcy in august after years of losses and after its biggest shareholder gulf airline eighty had ceased financing it's been talks for weeks with la times and easy jet about selling parts of its business or calls it a great day for germany's biggest airline which is said to get even bigger something its international rivals aren't keen on. well for more on the. story i'm joined by and international aviation journalist in hamburg and g.w. said you ponder jim bellew who is standing by at berlin taking the airport hello to both of you starting with you made today marks yet another chapter in the demise of air berlin how is that going down in the carrier's hometown well of course we are brilliant hago airport and of course this is a main hub for air berlin and here there's a mix of relief and disappointment relief because obviously there's been a lot of uncertainty and so we now we're kind o

and we've got lots more to tell you about to hear is still ahead germany's biggest airline lufthansa is buying up large parts of bankrupt carrier air berlin and snapping up in the process dozens of its planes and thousands of its staff carries out for is will have all the details for you coming up after a short break. and i hope to see you again at the top of the hour. take a trip to a world of palace ambition. meet young entrepreneurs eager to tackle global challenges. join flip just that's not german entrepreneur award winner two thousand and fifteen as he travels through asia looking for the next big business idea. big trouble big you really are passionate about because you're going to stick to this for a long time and it's something you don't we like them it's hard to keep on pressing our ten part series founders rally starting october twenty third on the d w. it's a done deal javanese flack area as agreed to a deal to take over a big chunks of bank robber rival abdullah. shoots up a take sacrified landing slots but easyjet is still in talks to snap up the rest of the caucus what

the lufthansa era berlin takeover deal is set for takeoff but the sea rivals in authority say they may have to challenge the move that's coming up next and all your business headlines with your heart alford's. and i'll be happy to see you again at the top of the hour. frank food. international gateway to the best connection self and road and rail. located in the heart of europe you are connected to the whole world. experience outstanding shopping and dining offers and trialling services. biala gassed at frankfurt. managed by for. make your store t.v. even smarter with a d w four small. what you want when you want it up to date extraordinary. to decide what's on find out more. dot com smart. it's only day one after the last take over and already rivals and authorities are taking aim to challenge the deal uncertainty prevails about the future of staff to the broken carriers remaining us. also happy birthday a three eighty ten years ago apple us delivered its first super jumbo but airlines have fallen out of love with the biggest passenger jet in the world. welcome to d.w. business. the t

is very likely to get the lufthansa will also take over eighty one of air berlin aircraft the rest of the one hundred thirty airplane fleet could go to britain easy jet but the deal is now under doubt. tests nic the airlines flight maintenance operations division will probably go to a berlin based logistics company but where it counts lufthansa will take over less than half of the carriers total workforce. everyone knew it was coming and now it has happened will incorporate air berlin's assets into its expanding subsidiary euro wings. fans will pay approximately two hundred ten million euros and will take over eighty one of about one hundred thirty least aircraft from air berlin seven hundred employees will become lufthansa staff and a further thirteen hundred can reapply for their jobs doesn't go with us but for the oh this is a big step for you are a wings and i think it's an important decision for germany's position in the aviation industry because we're capable of providing a secure future for three thousand employees which was not necessarily the case before and i have to admit w

with with air berlin so arguably what happens to the rest of air berlin will be as important for lufthansa ok joe thanks so much for that from just outside the frankfurt stock exchange. if you reminder now of our top story at this hour rival palestinian factions hamas and fatah appear to have reached a breakthrough in their bid to end a decade long rift now that's after negotiations mediated by egypt in the capital khartoum now details of the agreement are said to be released during a press conference were expecting that later today. well don't forget you can always get the news on the go download our out from google player from the apple store and i will give you access to all the latest news from around the world as walls push notifications breaking news and you can also use the d.w. app to send us photos and videos. and there's more on these and other stories in our web site www dot com don't forget to follow us on twitter and facebook as well for now though i'm brian thomas for the entire news team thanks so much for being with us. the whole d w one hour. for global insight.

authorities began to look at that so what happens if there isn't another a big big buyer and that lufthansa basically ends up getting most of how would that play out. at least it would maybe make an ok by the authorities or by the e.u. continent authorities less and i feel maybe they would only approve part of this deal that's the question of the market situation has changed quite dramatically in the not few weeks only because so far the idea was that left turns on is it to try to divide the assets between the two the them and then afterwards to kind of keep ryan an hour off the market but in the meantime in the last few weeks ryan has become quite weak they actually kind of lots of flights to big rostering problems and personal problems with their pilots so that's by now the situation has changed and easyjet have had a different situation in england as monarch lines has been bankrupt in the meantime and they might be able to pick up other assets from monarch much more cheaply than they would in germany so these are definitely not not easy time for air travelers making a decision who to boo

but lufthansa will have to do even less for its customers if. the stock market on the other hand is welcoming the news. shares climbed up to three point two percent reaching their highest peaks in early two thousand and one despite the enthusiasm of the acquisition is still subject to approval by german and european antitrust authorities. in the race to make the world less dependent on oil people are coming up with all sorts of alternatives to get. on machines moving in mexico a group of scientists claim to have created a biofuel revolution using a godly plants the same ones used to produce. it's hard work harvesting. but it's worth it now more than ever because this him our daughter not only supplies the local to kill a plant he also helps fuel cars in the region after the juice from the ferments and matures to become the country's national drink the pulp and the gavia leaves go to this man leopoldo have yet to scan solace he came up with the refining process for a gasoline additive. on its efficiency is very similar to gasoline and it can be e

going to demand from lufthansa?res rise in germany, bettis something -- that is something that could be used against merkel. it has been a top story in germany the last couple of days. chris, thank you so much. we are minutes away from the open. manus, what stocks are you watching? manus: a little bit of a german flavor. bafs -- basfwe have er's product.uy bay it will be there largest acquisition product -- there largest acquisition ever. keep in i on the world's largest publicly traded hedge fund. investment to gains in the quarter, $3.3 billion. those stocks are going to be the ones we want to watch at the open. ♪ is this a phone? or a little internet machine? it makes you wonder: shouldn't we get our phones and internet from the same company? that's why xfinity mobile comes with your internet. you get up to 5 lines of talk and text at no extra cost. so all you pay for is data. see how much you can save. choose by the gig or unlimited. xfinity mobile. a new kind of network designed to save you money. call, visit,

lufthansa plans to use air berlin planes to expand its eurowings budget airline business.ptcy in august after its main shareholder, etihad, said it would not give further financial support. amazon has suspended the head of its entertainment division in the wake of sexual harassment accusations from a tv producer. roy price is taking a leave of absence "effective immediately." the film industry is in disarray following a growing scandal surrounding producer harvey weinstein that led to his sacking. let's look what we have got here on the business life page this morning. i have told this up, the question stewing for quite a while, london listing for sharers in the world's biggest oilfirm listing for sharers in the world's biggest oil firm continues to be contentious, usually firms have to list 25% of their sharers and it's looking like rules might be bent to allow this firm to list 5% of its shares, the consultation on whether thatis shares, the consultation on whether that is allowed, that will close today. quite a few opposing that, saying the rules should not be banned. t

. >>> shares in lufthansa, they are under pressure today after the company opted to stick to its full-year forecast despite posting record results for the last nine months the carrier reported a 32% rise in third quarter operating profit and improved ticket pricing trends, but net profit fell 17% shares also under pressure because we're seeing some degree of profit taking this is a stock that has doubled over the last year the last 12 months, up 127%. >>> let's move on and talk about dassault the company announced operating income 10660 mi60 million eurose third quarter. speaking to cnbc, the ceo of dassault systems said fx movements affected earnings per share. >> if you look at all currencies, to the euro, there is a significant negative effect as a matter of fact, today we take a new base for the fourth quarter related to taking into account the evolution of currency on the effect of the currency, it has a direct effect on the eps. the growth on the top line stayed the same. but there is an impact, and that's what you can see this quarter. >> lloyds bank is trading in the red after it p

but first that lufthansa air berlin deal that is set to take off but not everybody is on board you know because that's a deal has really sparked controversy in the aviation sector a low cost carrier ryanair wants to take the deal to european competition authorities the german one all pally commission is looking at starting an antitrust investigation and evelyn's staff and customers while they are struggling to make sense of it all. the employees at air berlin have questions lots of questions the future of most of the eight thousand two hundred employees is far from secure even after a deal with the photons the airline is purchasing most of the planes for two hundred ten million euros that's eighty one of the one hundred thirty aircraft but very few employees are being offered jobs at the tons of seventeen hundred of air berlin former employees are already working there they were lent out to live tonnes of subsidiary euro wings their only an additional thirteen hundred jobs to apply for i know against it hit us you know tons of the impression is that lufthansa snatching up the best parts

into the fine print perhaps kind of a levy aides to your concerns a little bit because of course lufthansa is also interested in parts of alitalia but they're saying not at the current state are not. to the current shape as in right now they would be interested in parts of it i have to a restructuring and that could make perfectly sense if you look at what they are planning to do to your overhangs for just their low cost carrier they're adding assets especially to that so that unit and they need to do that in order to compete with the likes of ryan now who are a dominant force in the market so they need to grow because as such they are still very still very slow so what they have found just now recently is to add abolition assets here and that could also be some addition from alitalia coming after a restructuring that could actually be positive but of course it's all the price matters what they're planning on paying for it but that it is indeed whether it's profitable in the end and that of us in frankfurt thank you so much for this year. european lawmakers have called on to brussels to in

but maybe lufthansa could come to its rescue? last week it would be interested in creating a new alitalia. lufthansa is also buying up parts of air berlin to expand its eurowings budget airline business. we will be talking through all of that with an expert in the industry. that is coming up in world business report. china's top officials gather in beijing this week for the 19th communist party congress. we are also watching this very closely. the twice—a—decade meeting is likely to see president xi jinping further solidify his power and secure a second term. but beyond his political supremacy, there are growing worries about the state of the economy. we'll have a report from shanghai on china's growing debt pile in world business report. it isa it is a packed agenda. theresa may heading to brussels again. they will have dinner tonight, her and juncker. iraqi forces are advancing towards kurdish—held sites in kirkuk province, as tensions rise between the two sides over the future of iraqi—kurdistan. iraqi state television says th

and satisfaction dwindled the airline went bust after negotiations that rivals considered unfair lufthansa acquired eighty one aircraft and routes from its former rival now many flights within germany will only be offered by one carrier and a lot of passengers fear their berlin's demise will soon lead to a big hike in ticket prices. for the amazon microsoft and google's parent company alphabet have in common one or three american companies just keep on growing turning and better results quarter after quarter beating analysts expectations and the stock market well they're loving it. sales like prime day help attract customers and are driving amazon's profit to new heights but amazon isn't just making money with direct sales it's also earning more with online advertising and turning up the pressure on market leader google amazon recently opened a new office in new york with around two thousand employees dedicated to selling ads. and amazon cloud services remains the market leader when it comes to helping smaller companies into the cloud over the last three months amazon earned over two hundr

one to profit from this conservation process here in europe also compared for example to ryan air lufthansa has a reputation of being a bit less brutal capitalist brutal if you like when it comes to running the company and when it comes to treating staff never the less the people working for you are likely to lose out when it comes to this deal about six thousand people working far expected to lose their jobs that would be half of the workforce ok back to you in a moment conrad first of all this story that will you'll also be following i'm sure european aviation giant air bus is a quite of a jar the state can bombard is ailing c. series passenger jet business at no cost the move would enable canadian plane make it to use an airbus assembly line in the united states possibly by passing tough tariffs imposed by the u.s. government. is this a clever move by bombard here and. yes it's very clever and not only because it might give them the opportunity to bypass those negative territory of sits even likely that the u.s. department of commerce will even continue to put high tariffs on the parts w

isn't to blame for this and then he gave up a safe job at lufthansa well paid job he gave out part of his hundreds that he would have got from the company and he put up these demands and if the board of air berlin accepted it then it's not him there should be blame to but the board i do get the frustration by the employees but i also understand that at his age and his senior position. whatever he wants but why does not tons of old want to take over many many more of crew and stuff i mean they will need to them in order to fill the slots and operate the aircraft well taking over as a whole was never an option because of the high debts the billions of debt that the doctor didn't want to take understandably part of evelyn's problem was also the high cost high labor cost unfavorable pilot contracts that were very expensive. so basically they are offering the jobs at their own conditions which are lower and i get that ok yes they aviation journalist in frankfurt at least gets a lift stuns when it comes to taking over the lin stuff thank you so much for filling us in. thank you. the other b

profits that lufthansa have rocketed to the carrier reporting a two percent rise in on the line third quarter earnings before interest and tax now off he is a cost cutting the group is back on the offensive but it's also keeping its feet on the ground sticking to its annual forecast. business is going up and germany's largest airline looked tonnes up in the summer the car increased ticket prices and its cargo unit is booming look tons of it was able to boost revenue thanks in part to sing creased market share following the acquisition of brussels airlines last year the carrier is also flying more people. in two thousand and sixteen look tons of flu some one hundred ten million passengers nearly two percent more than in two thousand and fifteen the growth didn't come from its flagship carrier but from its german subsidiary the budget airline euro wings still for the first time look tons of passenger numbers were overtaken by dublin based low cost carrier ryan air the german airline now plans to retake the top position from ryan air in europe with the tech whiz ation of a large chunk of

suspended but he said he wanted to send a message with a dignified and emotional goodbye last week lufthansa acquired a large chunk of land but the future is and certain for most of its staff an estimated six thousand people could lose their jobs. in china the communist party congress is underway president xi jinping said china was in favor of an open while the economy but what about an open exchange of information internet censorship in the country the so-called great far wall of china it's a problem for both critical so messed excuses and a lot of foreign companies and now the government is threatening to crack down on v.p.n. which tunnel data traffic abroad and the firms it's a shock. i'm calling is a german company that provides data system consultancy to foreign firms with operations in china. the beijing government is now planning to block access to virtual private networks all v.p.n. . encrypted connections that tunnel data traffic to a proxy server. v.p.n. sconce just a few year rose and have become a critical tool for secure communication between foreign based companies and their he

will you have to be big to survive these days or live like ryanair look to us or lufthansa. i think clearly. because holidays are not. help these companies that have consolidated size gives you a lot more clout in the market and i think. allows you to run more services and so on and keep costs under control more easily so i think sizes is going to be. really we'll probably see more consolidation as as europe catches up with the u.s. in terms of. moving maryland industry forward to court where it's actually profitable. is that it takes capital thank you very much for that analysis. russian telecoms company trans telecom has installed a new internet connection for north korea that's according to a report from the us korea institute in baltimore it's at the new link went online on sunday north korea normally relies on a data route via china but beijing is threatening to boycott the country over its nuclear testing so the report says john young is looking to reduce its reliance on its neighbor people have internet access in north korea but the army's cyber warfare unit is though

still many other issues remain unresolved what will happen for example to the many employees that lufthansa has no need for they're around five thousand of them and they've now almost lost hope that they'll also be taken on after she was transaction. and we're afraid everybody will lose their jobs it's a dramatic situation at the moment and we don't know what the solution is whether easyjet is still in the game and what's happening to air berlin's equipment and that will all be decided in the coming days but most of the air berlin staff will have to find new jobs. many passengers are also sad to see air berlin go it had a reputation for friendliness and good service and bringing german tourists to sunny destinations at a reasonable price. even if i do think it's sad for passengers first that we're losing our berlin but also because look times and now has to do even less for customers if there's no competition anymore. foreign competitors are also unhappy with the way the deal was struck ryanair and other former bidders for air berlin want to take their case to european courts they're convin

thirteen hundred jobs to apply for i know against it hit us you know tons of the impression is that lufthansa snatching up the best parts of air berlin for its own business and the employees are just an afterthought in it about how that's not permitted under european and german labor laws. and. staff can't be left in the lurch like that but it's i don't think the employees will accept it. starts. but the financial pressure on every lane is immense it closes its doors at the end of the month and the unions can see it coming up with a better plan for the remaining six thousand employees. are afraid that everybody will lose their jobs and it's a very dramatic situation at the moment we don't know of any solutions whether easyjet is still in the game what's happening to air berlin sick with mint that will all be decided in the coming days but most of them will have to find new jobs or in. the tension is also growing as complaints over domestic monopoly could scupper the deal ryanair another former bidders for ever then want to take their case to the european court they think look times are receiv

germany's lufthansa and british budget airline easyjet are two of seven companies that have bid for alitalia ailing flag carrier is likely to drag out until late next year. alitalia, which has made a profit only a few times in its 70—year history, was put under special administration earlier this year after staff rejected a plan to cutjobs and salaries. don't forget you can get in touch with me and some news from north korea, warning a nuclear war could break out any moment, has caused a pullback in asian trade. and we have seen a pause in the rally in asia today because of geopolitical concerns. that's the business stories. you are up that's the business stories. you are up to date. stay with us. the news review is with us in a few minutes. the bbc‘s confirmed it's dropping the primetime crimewatch appeal programme after 33 years. in a statement, the corporation said its daytime crimewatch roadshow was the "best fit for the brand going forward." in the more than three decades the show was on the air, it help bring numerous criminals tojustice. keith doyle has more. this is about real—life c

negotiations so that's ok but in the early states the german government already expressed its interest that lufthansa should take at least part of that in and i think that's a private company say you're negotiating with each other and so it's not so drop of the government having said that it's a is a is a or isn't is a good company so it's there's no harm in this that tons of buy some parts if it's not for competition issues so what we've seen now is said to groups in commission to investigate this merger and if there are complaints so if their review broadens to competition issues then i guess you too can commission will step in well what will it mean for us the passenger. so i think we have to wait until the decision of the group commission will be made and it's you know they have to investigate blind by line because you know if you fly from i know from from from frankfurt to london it's no eternity to flight or to paris instead so so they have to investigate every line what is it is what is the competition situation there and you know is that ok is it the sense of bias evident on that line or not

eight thousand people work for ever len and only three thousand will stay on with lufthansa which is taking over a big chunk of the defunct airline the last two flights flew between berlin and munich on friday evening the munich bound plane ended up being the last ever to land because of delays in berlin saying goodbye takes time. thank. you god because. we've had such great passengers in the last few weeks and that's shown us here in the cabin and up front in the cockpit that we've always done our best and it's so wonderful to have gotten so much back from. fifteen minutes later arrival in munich. it's a big loss for europe's aviation industry and the end of an era for the airline that gave away the big chocolate hearts upon arrival. to judo now in israel's tough flicka won gold at the grand slam competition in abu dhabi personal triumph for the twenty five year old athlete but not one that abu dhabi wanted to celebrate like it was given his medal but the israeli flag a national anthem nowhere to be seen or heard organizers substituted the anthem of the international judo federation

them are worried he is concerned himself but friends and relatives have little sympathy they think lufthansa will take on most of the employees. because that's always the problem you hear oh well you still have a job or there's worse things than going to love tons of but that's not the case worker will simply move over to move tons of first they work for a year away that means low salaries and if you shop in if you will decide who can stay and who can go. so. far it is afraid those who don't make it will of tons of euro wing subsidiary in austria will face a tough choice. since each all the other jobs are in foreign countries like india or china you have to talk it through with your family a family that suddenly changes everything but it could all turn out differently anyway ryan air and other former a bit of want to appeal to european courts they are convinced tons i was unlawfully favored for the deal antitrust authorities have also shown concern they fear tons i will have a monopoly on certain routes what's ahead is a cliffhanger and no matter how it ends the employees will lose the battl

in south yemen the hostage takers killed the lufthansa pilot the copilot was forced to make one last stop mogadishu somalia the only country that would allow the hijacked plane to land. west german chancellor helmut schmidt was forced to make the most difficult decision of his political career negotiate with terrorists or storm the plane. schmidt decided to take the risk. the rescue operation took just seven minutes. three hijackers were killed one of them injured all the hostages survived. within hours the r.a.f. terrorists at the center of this crisis and they are spada and. were found dead in their cells. a day later on smart body was found in the boot of a car. the ones who jet has become synonymous with an era of leftwing terrorism in west germany it continued to fly until two thousand and eight now forty years after it was hijacked germany is bringing the plane back. it will be given a permanent home in a museum in south germany and the morial to an important chapter in the country's post-war history. here's a recap of the top story that we're following for you nearly one month

lufthansa is set to by the majority of air berlin and plans to use the new assets to expand its own low cost euro wings unit. at the. separate negotiations to continue up with easy jet now the deal has been long expected it's not going over smoothly. the botched carrier ryanair has said that it will ask european competition authorities to rule on whether it would disrupt t the industry own gains for has the details. sweeping to the rescue germany's biggest airline and lift hunza is buying large pots of at berlin. saving the carrier from bankruptcy. he wants to bolster its low budget headline euro wings. you will take on board three thousand employees with the idea of e expanding euro wis axis in lots of people hopefully many of the albert in employees will join us so you will also introduce a us you exile and graft. which requires an investment is not one. point four billion eurosob which was approved by all board of directors o. after years of losses abba lynne has been in a tailspi. the carrier filed for bankruptcy this august isn'r that's been facing financial turbulence. it's italia