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tv   Business  Deutsche Welle  May 23, 2019 7:15pm-7:30pm CEST

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with any risks now reduced. this is date i'll be coming up next in day w. business africa global aviation regulations and meet to discuss boeing's 737 knots jet which was grounded on. ethiopian ammons 5 touch the aircraft manufacturer hopes to get the bike back to india in the coming months. observing how some story interest in the back of the tongue be. heard 1st seen school in the jungle. first clueless of. the shores of grand moment arrives joint direct attack on her journey to freedom you know we're going to return to mention the torah and the running time returns home. chaminade. the constitution the 70.
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doesn't all foreign from germany. around. all seems to be sick of the intensity these. global aviation regulators meet in the us to discuss returning boeing 737 max 8 a year and why american regulators were the last to ground the jet to. judge a bank's board faces off with investors its share price it's an all time low over legal $1.00 corporate troubles. a part of best billions of dollars into africa every year we'll talk to an expert about how best to do it. and it is all an it's a business european pilots. say they're deeply disturbed by
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a possible return of the 737 max it's grounded world wide up to crashes in indonesia and ethiopia u.s. officials are still waiting to see boeing's fix for the plane's automated control system but american carry is a key to get the passenger jet back in the sky flights for august the boeing 737 max will remain on the tarmac until the regulator is convinced the aircraft is safe the 737 max was grounded following the ethiopian airlines crash in march just months after a similar liner disaster in indonesia in all 346 people were killed the f.a.a. is meeting over 30 international air regulators including china the e.u. brazil and canada to discuss a software fix a new pilot training. both crashes were blamed on faulty technology boeing says it has upgraded the software to make it safe the f.a.a. is still waiting for boeing to formally submit the patch for approval. financial
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pressure on boeing is growing global airlines who bought the fuel efficient long range aircraft had to cancel flights and scramble to find replacements on routes flown by the 737 max air china and other carriers are demanding substantial compensation. over to our washington correspondent helen humphrey helen or i bet is also going to be pressure on boeing over other on u.s. aviation regulators because they were the last to ground this plane. absolutely ben make no mistake the f.a.a. is in the hot seat at that meeting in texas today international regulators all 33 of them are there that meeting and they want answers we're also seeing ethiopia's regulator there and of course that was one of the countries where sadly this plane came down and we're not just talking about the safety of passengers in these jets we're also talking about the safety of people on the ground so you know the f.a.a.
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here in the united states used to be held up as the gold standard it had a strikingly slow response in the wake of these tragedies and some people say that it exposed a very close relationship between the trumpet ministration and boeing executives and boeing is certainly a low being powerhouse here in washington d.c. so helena how much is this about flight safety or the competition in the skies think that's a very good question and some people accuse the f.a.a. of being a consulting firm to a boeing and certainly these 2 tragedies expose some warrants and practices namely that the f.a.a. was allowing boeing to self certify its software with deadly consequences and that is going to have to change could this be the chance that china's been waiting for to break up the boeing air bus joyfully. i think it's fair to say with boeing's reputation in tatters right now this may be the
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opportunity that china has been looking for it is the world's largest aviation market and it is trying to build a rival plane of its own a model called the comac c no i know one that 9 now progress has been halted slightly due to the fact that the trade war between the u.s. and china has halted some flow of expertise as well as materials you need an awful lot of expertise as you can imagine to build such a plane but at the end of the day in the future china will come up with one of these planes and boss and boeing will just have to well they come up with the goods so get used to a new reality you heard from helen humphrey in washington for us thank you very much all the criticisms coming thick and fast a bunk chiefs facing the heat from investors at today's annual general meeting and then. making money and dealing with litigation the answer from chief executive on saving is even tough cuts. georgia bank shareholders are unhappy.
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the share price has plunged into the cellar it has been trading slightly above $6.00 euros $0.40 that's its lowest level in more than 45 years and shareholders are losing patience. with. a lot of things went wrong at deutsche bank in recent years i hope they can get back into shape. the expectation is that something fundamental changes something at the court house and i think. we should take a seat and down from his position supervisory board chairman powell and c.e.o. christian thieving are blamed by holders for the band's disastrous performance in recent months some large shareholder groups want to withhold giving official approval to the board that would be a slap in the face the c.e.o.
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says that would be completely unjustified. in the can we have brought deutsche bank back into the black we haven't reached. what we now have the fundamentals for sustainably profitable back. but there's a lot of work to be done the investment banking unit is enormous and it hardly makes a profit and deutsche bank faces lawsuits for legit money laundering and interests manipulation that costs money and hurts the banks reputation. plans for a $10000000000.00 port in tanzania have stalled local officials have reportedly failed to reach an agreement with the construction firm china merchant holdings international the new port is aimed to turn tanzania into a regional trade hub authorities say the project could help reduce congestion in the commercial capital. jamie has backed several such projects in africa which one
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of its belt road initiatives. will strategists from both sides of the atlantic a meeting in berlin to talk about doing business in africa the challenges a big so is the interest of global foreign direct investment fell last year by nearly 20 percent africa but that trend the united nations says foreign investors injected $40000000000.00 into ventures across the continent at $2000000000.00 mold in the previous year but investment was concentrated in just a few well qana makes egypt being the biggest recipient followed closely by south africa ghana was the biggest beneficiary in west africa ethiopia in east africa and the vast majority of investment actually goes to oil and gas exploration as well as mining and that's something i'd like to pick up on with the former u.s. assistant secretary of state for african affairs linda thomas green field you are here in berlin for the covers and lucky enough to join us that we're lucky enough to have you join us here this year thank you very much happy to be here tell me
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about this 1st thing about natural resources still being the focus how much of a worry is that for the development of these african economies you know it is it continues to be a worry because countries need to diversify their economies. and the concentration in natural resources with out the added value i think keeps these countries from moving into the next level of development and there is. so many different sectors that investors could be getting into just to name a few of the things we've covered over the past few weeks here i'm sure his music industry cloud computing in south africa artificial intelligence in ethiopia. the africans out of stage that that they're saying yeah come and put your money here this is a huge market absolutely they see the opportunities and they are wanting and encouraging investment in the sectors but there are other sectors as well infrastructure agriculture technology service industries there are
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a number of areas that we see possibilities for companies to invest in the continent if i had a company or a whole heap of money and i wanted to invest it somewhere in africa where would you suggest. i'm going to hurt the feelings of some friends that i probably say ethiopia is is a huge opportunity kenya continues to draw investments south africa of course nigeria the biggest market on the continent of africa gonna cote d'ivoire there are number of places and it just requires a lot of. interest and an effort and i think countries will find that this instance i interested in businesses will find that they can make money so you need perseverance as an investor but you do what are some of the challenges that you would then warn me about infrastructure is a huge challenge having the roads and the buildings and and the technology
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infrastructure is huge governance is an issue in many countries that includes corruption capacity these countries have huge huge youth populations that need to be educated and prepared. 3rd so those would be the 3 but there are others said but i think all of these challenges can be dealt with and i think companies will find that again doing this in south africa is no different than doing business anywhere else in the world what about this trade will between the u.s. and china how is that affecting africa you know at this point i don't think africa is impacted by this trade war the chinese are there in a big way on the continent of africa in the belt road initiative as you mentioned earlier they are infrastructure projects that the chinese are involved in so except i think maybe in the future in terms of technology with how a company being under under sanctions that might impact africa but right now africa
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is not a target but africa could well take advantage of this i think they could take advantage of that the option the opportunities are there and there are more opportunities then are companies to take advantage of those opportunities so african countries should take advantage. of this. so-called war and use it to their own benefit and it's always going to thank you very much for coming in thank you very much. as briefly the world's biggest brew on has a bush in bed for the $400000000.00 in its new brewery in nigeria it will be expanded in phases to be makers pushing double digit growth in africa's most populous country with 16 because of the applied political to its largest it produces south african breweries. and is expanding to the seas astray and can use the app to order
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a submarine from next week the world's 1st ride sharing so will post a $1000.00 for an hour trip through the great barrier reef it will take 2 passengers at a time a designated dive pottstown 20 me to. check out the scenery is pretty nice you have to be quick though so cold scuba will only take 20 dives in all. or missed out which i study business with the.
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the for. some time in the 26th. my great granddaughter of. the world be like in your life time in around half a century. your world will be around trying to grease moment. particularly the sea levels rise by at least one central. we're going
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to have some climate impacts maternal greater than. really front travel. costs the for our people more concern. for the 1st. this is the news africa coming up in the next 15 minutes to kill or not. to has lifted a ban on elephant hunting but not everyone agreed or here dog humans for and against the controversial move. and we'll also hear from the kenyans hoping the country's high court will strike down the whole set her make homosexuality a.


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