tv Business - News Deutsche Welle October 3, 2017 7:03am-7:16am CEST
and basil mint conviction is likely to keep the anti corruption campaigner off the ballot. meon maher has told the united nations refugee agency that its top priority is to bring back the hinge of muslims who have fled to neighboring bangladesh the two countries have agreed to set up a working group to repatriate more than half a million rand just that escaped an army crackdown in northern rakhine state myanmar officials accused her into militants of launching coordinated attacks on police posts on aug twenty fifth that sparked a mass exodus. at . spain's economic powerhouse of catalonia stages a rowdy vote for independence on the weekend stepping up the pressure on the dragon casting a question mark in equity markets over the country's economic future also on the
program another financial crash landing for a european airline u.k. as monarch is grounded leaving one hundred thousand passengers stranded around the world and south carolina is trump country yet people their own pose the president's ideas on trade we'll tell you why. this is a business i'm christopher. welcome stocks retreated and spanish boring costs went up on monday as investors were trying to evaluate the political consequences of the catalonian independence after sunday's brutal scenes confidence and prime minister marianna government has taken a hit and worries about europe's fifth largest economy a growing. before the close of monday's session on the madrid stock exchange the country's benchmark index had dropped as much as one point six percent wiping out gains made over the previous week many traders fear that uncertainty over the fate
of catalonia will lead to further declines in this climate vestas buying spanish government bonds may want high yields which up one point seven percent on ten year bonds the highest in many months the common european currency also fell slightly the euro has fallen below one dollar eighteen cents losing nearly a cent. from god we've just overcome the euro crisis so calls for independence are certainly not going over well with the e.u. has a big task ahead of it it will have to mediate but it's clear that when ninety percent of the people want freedom that cannot simply be ignored. if catalonia gained independence spain would lose its industrial heartland the region accounts for a fifth of the country's economic power say at casa has used the region is also important in the chemical and pharmaceutical sectors without catalonia spain would slip to fifteenth place in the world ranking of the strongest economic countries behind mexico spain has been on
a successful path to recovery following its debt crisis a few years ago but catalonian independence would not explain of course. british authorities call of the biggest ever peacetime repatriation more than one hundred thousand travelers are looking for a way to return home after britain's monarch airlines collapsed on monday the several every asian authority said it has leased thirty aircraft to transport customers scattered around holiday destinations ranging from turkey to spain and sweden citing intense competition and a weaker pound monarch is the third european airline making a financial crash landing this year. it was a familiar sight at british airports for fifty years but that changed overnight the demise of monarch airlines was announced in an early morning online message from britain's civil aviation authority passengers were left without a flight home most of them stranded at destinations in the mediterranean the
government is vowing to bring them home in what it calls the country's biggest ever peacetime repatriation we expect the vast vast majority of one hundred ten thousand . passengers who are currently on holiday with monarch to come back to the carrier within the next two weeks that that's exactly what is expected. britain's fifth biggest airline had struggled with losses but had hoped to turn things around with orders for boeing's latest seven three seven planes and a cost cutting program bankruptcy rumors swirled last year but then monarch was able to draw a new line of credit but now that's gone and so is the airline with a decision really was otoh for continued losses losses been sustained for quite some time forecast to continue mainly as a result of prices in the market overcapacity in the short haul market is meant pace had been depressed for some time in britain's transport minister says other airlines have plans to quickly hire monarch staff but that's little consolation for
the three hundred thousand people who held tickets to fly on monarch they won't be going anywhere. it will start to monday's trading session on wall street the new york stock exchange observed a moment of silence for the victims of sunday night's las vegas shooting shortly after the exchange opened for business for more let's cross over to our markets man scored a yes i want to stay on the topic of the las vegas shooting with all the grief and horror that this is incident has sparked why is it that stocks of the arms industry are gaining on monday. well we've seen this disturbing reaction before and after every mass shooting here in the u.s. the call for tighter gun regulations get louder and then usually sales for guns here in the united states pick up we have seen it also after the presidential
election in november it was pretty unlikely that the new administration would put tighter gun control out and that's why a share prices of the gun makers actually failed so now that we have more calls for tighter gun red regulation the industry expects more sales then the stocks increase quite a bit if anything really will change this time remains to be seen and overall by the way it was another record day here on wall street the s. and p. five hundred set the forty years record close so far this year and yes general motors is putting a big bet on electric mobility tell us more well it's really interesting to see i mean german car makers and also politicians seem to be a bit hesitant to recall it all electric vehicles but now general motors announced that they will bring out to any new all electric models within the next six years that the first two new york cars are supposed to roll out in the next eighteen
months so obviously a general electric believes that the future for the car industry will be electric and we saw quite a reaction here on wall street the stock of general motors up by a good four percent general motors already is having an electric vehicle out the chevy volt that is not selling very well this time around but obviously g.m. sees the future in electric vehicles again scored in new york thank you. carmaker nissan says it plans to recall one point two million cars sold in japan over the past three years after discovering the vehicles had not been subject to final checks re inspections are expected to cost the company some two hundred million dollars cost effective or produce for the domestic market between twenty fourteen and seventeen nissan shares fell over five percent on the news. the location of car maker b.m.w.
is biggest plant not germany as you might think but spartanburg south carolina where the company employs eight thousand u.s. workers w. is one of more than five hundred foreign firms doing business in the area which politically is trump country but seeing how foreign investors have helped to revive the once adding region local scale and identify with president trumps idea of hitting these companies with few terrorists. joel pretty more is determined to reach the top. he's already being paid for going to school by b.m.w. and when he graduates that's where he'll start working. joel's grandparents worked for the textile industry in badly paid jobs something which is unimaginable for joe the production technology that came after the fall of the textile sector attracted him thirty years ago his hometown was desolate then international firms came to the
rescue joel will work as hard as his grandparents but the rewards will probably be better. i look at it it's like not only as an opportunity but you know i love the way that you know everything is kind of moving and just programming is what you're telling me and it's just it was also. there are now five hundred foreign firms in the region many offer tailor made apprenticeships through the local technical college and that's a boost for the region when b.m.w. came into our area twenty five plus years ago that was the eye opener if you would say to saying it you know if we do work work together and go after organizations or companies like that we can we can we can retain them and get them into our area. people here are proud of all the foreign investors who've helped to get the region back on its feet south carolina is a strictly republican state this is trump country yet almost no one here
understands why the president has picked on carmakers for higher import tariffs on the components they sourced from outside the country. the southern states are courting foreign investors it helps that there aren't workers unions here but if costs of imported components increase that could be a deal killer and local jobs would be in jeopardy. i believe the whole quote is. assigned to mr churchill it's a. and will always do the right thing after they've tried everything else so sometimes we have to stumble around in these issues before we get to the right formula but i believe we will get to the right formula b.m.w. doesn't just make cars in spartanburg it's also introduced germany's two track vocational training scheme which keeps companies of all sizes supplied with skilled workers this gives joel a chance to get hands on experience while still in tech school and earn money at
the same time joel was born here in spartanburg he became a soldier as a way out when the city's seem to have no future since then the area is being reborn new cafes are opening it's becoming a nicer place to live the inner city is profiting from the boom and its suburbs. and if you're afraid of heights you better look away now a redevelopment project in helsinki has come up with a novel way to promote itself the already urban center has hundreds of people who want to prize draw an opportunity to take a song a bass dangling high over the constructions lifted to a height of one hundred twenty meters the same height as the one that will be built into the residential tower offers extraordinary views of the capital of finland and has space let's rethink it. had features a small esteems welfare that's a show thanks for watching she tomorrow.