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tv   Business  Deutsche Welle  March 19, 2019 2:02am-2:16am CET

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it's official germany's two biggest banks are discussing a merger but is a possible tie up with dodgy bank with kemar spank putting what the german government wants against what employees and investors want also coming up as five g. frequences go up for auction in germany the question is. can there be ultra fast mobile networks without hardware from chinese tech giant huawei and you're of marks equal pay day but figures show equality is still a long way off we ask why. i'm chris colfer thanks for joining us. germany's two largest lenders are officially in merger talks a tie up between dodge a bank and commerce bank would have a market cap of twenty five billion euros with nearly two trillion dollars in assets the german government is strongly in favor of the deal but many have their doubts after all due to struggling banks really make one success successful one.
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deutsche bank chief christians even and comments bank head. have the green light from the german government to begin talks on joining forces to create a german make a bank which can compete with global investment linden's before a merger between the two banks can go ahead the state has to give up its fifteen percent stake in comet's but that germany's economy minister stressed the government would stand back from merger talks. it's private banks they take their decisions and. just that pairing for the systems and the timing for supplying the situation critics will on the merger could be complicated the banks themselves say they're approaching things with caution. francis fished there then ross it's important that we only merge with comments by if it makes economic sense that requires a good plan above all
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a good integration planets will work this out together with comments and when we have the results then we'll decide then being shot. both banks say the merger would lead to enormous cost savings but opposition politicians and economists oppose the move german services union verde has warned a merger could cost up to thirty thousand jobs for two banks supervisory boards are to meet on thursday to discuss the potential merger. let's get the view from the world financial center on this was our correspondent standing by yes the idea here is to create a german banking giant that can hold its own among the heavyweights of the industry is wall street shivering already well so far wall street is not really pumped up about a potential merger between the two and tim if you compare for example the doj a bank and commerzbank together they might have a market cap of
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a good thirty billion dollars in comparison to j.p. morgan it's worth about three hundred fifty billion dollars so more than ten times as much and if you look at the u.s. banks in the past couple of years they've done their homework after the financial crisis we saw billions of dollars in write downs we saw hundreds of thousands of layoffs with that they could restart sort of from zero and seem to be quite stable at this point and we cannot really say the same about the bank or other european banks either and also want to help some of the u.s. financial institutions is that here in the u.s. we have higher interest rates and that is also not the case over in europe. thank you for the moment but do stay with us. pressure is mounting on us aircraft manufacturer boeing the black box data flight recorders in their recent ethiopian airlines seven three seven max crash points to
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similarities the crash in indonesia in october of another seven three seven max both max serious crashes killed all on board the flight data recorders are currently being evaluated and friends meanwhile reports are emerging casting more doubts on the u.s. federal or well as the asian authority they claim that there were groups violations in the development and certification of the aircraft type. back to you in new york it's been another bad day for boeing shares and this crisis only seems to be expanding you know we're at the early stages and once again boeing was the biggest loser in the dow jones industrial average there are so many open questions and also what boeing might face might there be a multibillion dollar lawsuit woods and or criminal charges against boeing or some
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employees and then on the other side there is the image the seven three seven series basically since the end of the sixty's has been the best selling plane from boeing and so the future seems to be in jeopardy even if we hear from boeing that they believe at this point fix software might do the trick but it probably won't be that easy and simple it's all the pressure and the heat certainly is on and this story is still developing day by day he has court in new york thank you. the next generation mobile standard in germany is up for auction on tuesday telecoms companies will be bidding for the radio frequencies needed to operate ultra fast five g. mobile networks the only technology which makes self driving cars for possible for example but the high tech leap doesn't come without controversy with the us
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pressuring allies to refrain from using hardware from johnny's tech firm and market leader way. remote brain surgery in china the patient was in the beijing hospital a neurosurgeon three thousand kilometers away in the southern island province of high none of the live images and medical data were transmitted by an ultra fast five g. wireless network with video conferencing and other technology from quad way this is just the latest example of the game changing use of new super fast five g. networks europe also wants to use the technology but a space in a problem what way is one of the main producers of five g. hardware but the company is said to be too close to the chinese government apart from unconfirmed allegations of espionage there are concerns that follow a technology could pose a security risk if it were used in sensitive infrastructure in europe. have to recognise that china is also pursuing its sort of teaching interest through economic policy or for so we mustn't be naive when it comes to important
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infrastructure projects like the awarding of a license or is for the give it sounds. complicating the move to next generation mobile standards is pressure from the us not to use while away hardware china's foreign minister y. e meeting in brussels with ease counterparts the cold security warnings groundless and politically motivated and suggested they were designed to discredit huawei. that it's up to now wireless network operators in the e.u. could decide themselves whose technology they use but in some countries in the block the debate is growing about how to restrict the use of equipment from non european companies that could pose a risk to critical infrastructure and that could affect huawei. no i highly anticipated trial got underway in the french city of marsay today the french bourbon group specializes in providing marine services for the oil industry and apparently played the system very well using judicial indifference in some african
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nations now the bourbon group is accused of bribing public officials in three after thank the trees. after proceedings began. the defense lawyers for the group claimed they hadn't been given enough time to examine the hundreds of pages in the trial dossier at the center of the trial. former text director of the group he says the company had an ingrained culture of bribery in order to secure a. tax break for. me at the forefront of his case when actually i'm just a simple i'm not part of a world. group. what i was seeing there i immediately noticed that there was fraud i say well organized scientifically. the case came to light in two thousand and twelve when customs at the airport opened a suitcase which had come from nigeria two hundred fifty thousand dollars were
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hidden in the. was arrested when he came to collect his baggage group executives claim they knew nothing about the money he says he's been saying the court will decide on tuesday with the trial can proceed. now here in europe many people talk about gender equality but all we also walking the walk well not when it comes to equal pay men and women. the same kind of careers from taxi drivers to doctors and lawyers but men and women do the exact same jobs at the end of the month their paycheck often. i hear in germany there's a gender pay gap of six percent. in berlin it pays to be a woman well today it does the city's transport operators have given female passengers twenty one percent off the aim is to raise awareness of the gender pay gap is just finished is that young fair yes it's unfair to the whole but we have to
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point to it that it's much much less fair that women in germany earn on average twenty one percent less for the same work as their male counterparts the common yet to mention please but it's a little more complicated than the us women often work in professions that are poorly paid as kindergarten teachers for example every second woman in germany only works part time because they are looking after children or other dependants that means they are unless and are less likely to pursue a career. but even when women and men in germany work in the same jobs their salaries are often different the gender pay gap there is six percent. that makes germany one of the lacquered in the european union only in the czech republic and dystonia is the salary gap between men and women great. trade unions were right in force in germany today to highlight their frustrations over the
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continuing inequality. program for now you can find a lot more. stories on our website. slash business for now thanks for watching tomorrow.
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