tv Business Deutsche Welle March 27, 2019 10:15pm-10:30pm CET
the world. keep going from now so watch dot com keith we appreciate your time ty and your insights thank you thank you. and a quick reminder of the top story that we're following for you right now british lawmakers voting on a series of options decide the course of. leaving the e.u. with a deal remaining in the single market and holding a new brics referendum results are expected shortly business is up next street with a. small consumer to change. the people making it possible to. go africa. fantastic right. as they set out to save. and learn from one another. to gather for.
looking for the w. i'm not proud of them they will not succeed in dividing us about not succeeding taking the people off the streets because we're tired of this dictatorship. taking the stand global news that matters. made. a big day for boeing as it presents a plan to keep it seven three seven max and business after two a deadly crashes it's valid to do quote everything possible to avoid another accident that as it rejects more oversight. on the show a push from the u.s. to shrink its trade deficit appears to be paying off. and plastic
straws and cutlery soon is to be contraband in the e.u. the european parliament has a valid. voted to ban ten kinds of single use plastics by twenty twenty want to. welcome to the business i'm joined in in berlin thanks for joining us a balancing act for boeing as it attempts to win back the confidence of regulators and the public without inviting increased oversight its presented proposed changes to flight software on its seven three seven max aircraft that's after two a deadly crashes involving the model in five months the plan came as lawmakers demanded answers from the u.s. aviation authority which approved the planes for use boeing has been demonstrating a software fix that it hopes will prevent any more of it seven three seven x. passenger jets flying themselves into the ground scheme to show the world is on top of the problems that may have caused two crashes and killed almost three hundred fifty people the seven through seven is
a safe airplane the certain three seven family is a safe airplane family and the certain three seven max builds on the tremendous history of safety that we've seen for the last almost fifty years boeing says the software fix is almost ready to go but the u.s.s. safety authority the f.a.a. through that into doubt on wednesday denying it's had granted provisional approval for the upgrade also on wednesday southwest airlines which has the biggest fleet of seven three seven max is revised down its revenue forecast he says the grounding of his planes has resulted in almost three thousand canceled flights are a bit of good news for boeing came from the german carrier. he says it's considering a three digit order for seven three seven max is as it expands its fleet. joins us now from wall street welcome to the show you now boys unveiled a fix and the f.a.a. has also spoken do you see faith in boeing eventually being restored. well
it's a time you step to put it that way still a lot of questions remain unanswered if we talk about the f.a.a. there has been a report out that it actually might take almost up to a year to figure out of this that if it could of the seven three seven eight got too much rushed at least there seems to be no cosying between the f.a.a. and boeing so that's to a certain degree a bit of good news for boeing but still there carrier has to expect high costs for a pilot training all the surge will probably take a couple of more weeks if not months before those planes are allowed back in the air here in the united states and it also elsewhere around the globe a long journey ahead still for boeing then but stay where you are yes we have even more ground to cover with you and that's because it fresh figures show that the
u.s. trade deficit narrowed by nearly fifteen percent in january compared to the previous month but that was when the trade gap was actually at its widest in ten years analysts say that's mostly due to an increase in soybean exports fewer chinese imports to the u.s. amid an ongoing trade conflict between the two countries also helped train the trade deficit. back to the ends quarter on wall street now this narrower trade gap was of course a stated goal of the trump administration is the u.s. then emerging the winner in this trade conflict. well i wouldn't go that far but what we did see in those trade figures is that imports for example dropped quite a bit so that it did help the true ease the deficit but imports fell for one particular reason because in december a lot of companies feared that there might be a new terror of some place was the beginning of twenty nine t.
and so therefore they bought much more in december and that actually caused an explosion of the trade deficit big event so that eased a bit and then eventually we have this truce between the united states and china and that probably did was the reason as you mentioned earlier that we saw a huge increase in soybeans exports and so that's certainly did help but this is a one month figure so that does not change anything fundamentally about the huge trade deficit that the u.s. is still running. against carter talking trade there on wall street thank you very much. now to some of the other business stories making news around the world. u.s. carmaker ford says it will stop producing passenger cars in russia it plans to close a three russian plants as part of a broader scheme to restructure its money losing operations in europe and economic
slowdown and western sanctions have put a damper on the russian market several hundred staff could lose their jobs. embattled former nissan chairman carlos ghosn may have used company funds for private spending that's according to a review by an external committee it says it found sufficient facts to support that allegation cole was recently released on nine million dollars bail he has denied any wrongdoing. man technologies is the latest victim of bitcoin collapse the world's largest maker of cryptocurrency mining chips has pulled its blockbuster i.p.o. in hong kong it filed the initial public offering half a year ago hoping to raise three billion dollars but bit quiet has fallen by eighty percent since its peak in twenty seventeen that's made mining unprofitable for many . concerns about chinese tech conglomerate who while way could
spy on international clients on behalf of beijing have prompted a long running u.s. led campaign against the company but the us so far ignored calls to ban its technology and the building of its networks just the same while they find itself under heavy scrutiny from all sides. knowing you is the way we love you in the current context it sounds ominous way promises a super fast chip and artificial intelligence that can record and evaluate us and everything we do. the product we are bringing to the market is a product of the future and what does the future bring we believe artificial intelligence. thanks to while away the future has already begun for the state security in china's western province beijing has installed a system of total control to monitor the muslim minority human rights groups suspect around one million we girls are being held in so-called reeducation camps
she enjoying is a testing ground for the latest surveillance technology we've documented and chinese authorities use often you know in close cooperation with big chinese companies like i fly to the using everything from the compulsory collection of bio data taking d.n.a. samples even from children without permission. to the use of you know facial and voice recognition in may twenty eighth teen ways former germany boss seen here on the left signed off on a cooperation agreement with china's state security while way was commissioned to develop an innovation laboratory for future surveillance technologies if it's happening in the context in which you're having hundreds of thousands of people being sent to interminable saudis without a trial without lawyers that is a very worrying worrying development well way maintains it's independent of the state but their website leaves no doubt about the closeness of their relationship
the goal is to gather all personal data via the most intensive surveillance there is ever beam. the technology that's being developed in scene down is not going to stay there it's going to go through the rest of china and eventually it will be brought into the belt and road project and throughout the world that is the vision that they explicitly said in their own press release beijing is exerting enormous political pressure beijing's foreign minister lectured europe that to keep while way out of the five g. market is simply immoral for the sure but. we resist all attempts to exclude and attack companies with baseless allegations for political reasons. click. but while away is finding it increasingly difficult to present itself as a tech company just like any other. no more straw is that no more single use plastic cutlery no more cotton buds on wednesday the european parliament voted
overwhelmingly in favor of banning some kinds of plastic and the experts say it's about time. to supposable plastic was long thought of as extremely practical on a picnic for example you could use your plastic cutlery once then simply throw it away . but there are more environmentally friendly alternatives such as paper straws they decompose quickly and don't endanger marine animals such as turtles pollution by plastic straws has been known to kill some sea life eighty five percent of the trash in the ocean is made of plastic and most of it is disposable items. experts fear that by twenty fifty the be more plastic in our oceans and fish that's shown up in an attempt to at least slow that down european parliament voted by a large majority on wednesday to ban single use plastics from twenty twenty one. i mean if we don't change our ways now we will choke our oceans with past scientific
evidence is undeniable so are the gravity and urgency of. problem europeans care about this and want europe to show leadership in finding solutions and raising the standards across the globe. the money factors of all products will have to be involved in waste disposal the e.u. wants to cut the overall cost of environmental damage by twenty two billion euros in the next few years. and that's it from me and the business team here in berlin for more news and features check out v.w. dot com slash business or follow us on facebook and on twitter. with this quick check on global markets thank you so much for watching.
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