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tv   Business  Deutsche Welle  May 23, 2019 11:15pm-11:31pm CEST

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one no but union hit back immediately with the man. equalizing with the help of action. another heavy deflection pushed and got ahead again with mario gomez making it to one but you know levelled once more with martin heading home a corner the 2 teams will face off again in berlin on monday. up next business with stephen beardsley i'm sorry kelly thanks for watching. letter we were proud when we want to. be the 1st americans at some point in our lives will experience hardship by listening. it could be green. very green. says blue.
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yes. white. wine just lovely. red definitely. cold just you know if that's what you prefer. couples very special but you know georgia choose your favorite comma. when will boeing's grounded 737 max return to be here global regulators mean the u.s. to discuss just that what the americans were the last to ground the jet. also on the show deutsche bank's board faces off with investors who are angry over the lenders corporate and legal woes how bad is the mood tell you how investors reacted . and the head of the european parliament elections what's on the mind of europe's
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youth well jobs for one will bring your report from paris. welcome to d business i'm stephen beard's in berlin thanks for joining us the boeing 737 back has been grounded for 2 months following fatal crashes in indonesia and ethiopia boeing has yet to present a critical software update to american regulators who say they'll need some time to certify the plane they're under pressure from global airlines bottom lines demand they get the plane back in the air. 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.
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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 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. and let's talk now with our financial correspondent in new york jose luis de haro who is in the f.a.a. is now saying late june is the earliest the 737 max could be recertified what does that mean for boeing. well of the bill for boeing will keep growing and i mean it seems to $1000000000.00 taken inside in the 1st quarter to deal with these matters that are going to fall short some analysts talking about
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a cost of around $5000000000.00 because not only this is hurting the company internally in terms of a slowdown in production delays or any order cancellations it's also affecting airlines around the world which are already claiming boeing to food bill are quoting design is to make the industry over $44000000.00 for every day the $737.00 max is the ground it does is a model headache for many airlines especially the ones that depend on these model to renew its current fleet. already for compensation as they have done china say 3 biggest airlines let's not forget that china was one of the 1st countries to ground the jets globally and now he's also in the middle of a trade and take conflict with the united states because they getting beyond boeing it's been a tough day on wall street tell us what's going on well a trade wars that seem to be seen as steve in the markets are realizing that this is not going to improve anytime soon both tensions in tech industry are making
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investor nevers about what yet to some economists think that once the u.s. consumers which import 2 thirds of the economy start feeling the heat and pay more for some products consumption and confidence we'll take on top of that we learned that the u.s. manufacturing activity grew out of a slower pace since september 2009 as he does not help to leave the investor spirits as a they get more and more worried that the possibility of a president and he president calling another truce by the end of june is pretty limited right now all laws all those trade negotiations was a louis saha joining us from new york. and here's some other business stories making news. well prices also fell sharply on thursday due to fears of prolonged trade tension between the u.s. and china festers fear that if you could weigh heavily on growth on global growth
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rather u.s. like crude felt nearly 6 percent below $58.00 per barrel. u.s. president donald trump is providing an additional $16000000000.00 in aid to farmers hurt by his trade policies after washington introduced tariffs on foreign products china and other countries responded with retaliatory tariffs focusing on u.s. farm exports. popstar rianna has unveiled her luxury fashion brand with louis b. ton owner l v m h and paris is the latest of brianna's business ventures which include cosmetics and lingerie the collection offers a range of clothing shoes and accessories. the criticism is growing and it's getting more pointed towards a box annual general meeting thursday in berlin investors accuse the firm's leaders of mismanagement and sinking germany's flagship lender who shares hit an all time low in the bank's woes stem from its 4 decisions its legal problems and its under
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pouring under performing divisions the answer from chief executive christiane saving is even tougher cuts. it's done a good time to be a deutsche bank shareholder anyone who invested 1000 euros 12 years ago now has just 70 that's a loss of 93 percent and some people here think they know who's to blame. because the i want the bad guys to pay the whole board the guy it's a negative mood here we want fundamental change. c.e.o. christiane's evening is trying to put a brave face on the disaster pointing to the bank's modest earnings last year. we throw at deutsche bank back into profit we've all achieved our goals and laid the foundation for a sustainable profitable bank often victa and. and bank but many shareholders say that with so much upheaval they don't even recognize the bank anymore and the
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problems continue to mount just this week it became known that i.t. systems have faulty programming and that cash flows to major customers sometimes cannot be monitored added to that suspicions of money laundering perhaps even for the business ventures of donald trump. nothing came of the plans to merge with rival come out spang. and the investment banking business has been an ongoing disappointment at least it faces downsizing but with a lender planning to cut costs shareholders have even less understanding for the fat bonuses management still dishes out some 1800000000 euros went to employees of the investment division last year alone in contrast the total dividend paid to all shareholders amounted to only $230000000.00 euros. youth unemployment in the european union fell last year around 10 percent compared to the previous year
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great news for the younger generation but there are still about 5800000 people between the ages of 15 and 25 without work job opportunities and with that people's prospects are not the same across europe far from it young people in germany have the best chance of finding a job that's of course europe's largest economy and youth unemployment there is 5.6 percent and here's something that might surprise you france is the 2nd largest economy but the youth the youth unemployment rate is almost 4 times that of germany at 20.2 percent that accounts for more than a 1000000 young french people. these activists don't think finding a job will be much of a problem for them thanks to the european union. the little village of commercial here part of my life a friend of mine is for example currently doing an internship in germany as part of the exchange program erasmus and there are many of the e.u.
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initiatives for young people the e.u. is really important for us that's why everybody should turn out to buy it. because . but it's not always easy to convince people it's the. these activists say this is also down to the current election campaign to get this all fixed in the election campaign is a catastrophe all the politicians talk about is nationalism and identity they forget the important things like youth unemployment that's a real shame we are europe's future measure. many see the e.u. as an abstract idea this group is participating in a job seminar on their paris most of them haven't graduated from school and have never heard of exchange programs like iraq they feel left behind by the e.u. and they're not planning to vote early $400.00 euro edition we have to fend for ourselves all right enough it's our only chance to find a job which the e.u. isn't helping us or to
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a point either politicians don't care about us social measure. i'm from a small village with 300 inhabitants. you can see the european logo on all our official buildings but. that doesn't mean anything to us. the only programs that might possibly help us a local initiatives. so that. this economist says young people are wrong to expect too much from the european union its room for maneuver is limited you know campus a little can only provide money through structural funds but it. programs are not targeted at specific countries demographics or classes it's up to national governments to implement concrete programs france has the extra difficulty that its birthrate is quite high and it needs to create even more jobs for the young. the young europe fans think that e.u. programs are still helping them increase their chances on the job market and that the you should be widened out to win over more young people. on the i want to take
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you live point as the so much creativity here we could easily keep up with the startup paradise of silicon valley where young dynamic and have potential but the e.u. needs to give us more support to develop that potential. but it's not certain programs like these would also benefit those who haven't been to university unemployment among numb graduates is up to 4 times higher than those with a university degree. and that's it for me in the business team souvenirs of the list as always thanks for watching.
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into the conflict zone. coast knows those lows a has a sense of just news yet decide to get the military to come over to the side my guess is the very most i'm i'm a representative. whale of a physician an associate president of the flight oh what happens next cough the
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fuck up in 60 minutes. some say that is. sanctioned we come into this world where we need to get. into my skin. you know mike. we can make a real difference but. i we. should. kill the fire more than target and in the end this i mean you're not allowed to steal and more we will send you back. are you familiar with this. with the smugglers would lie and sort of the what's your story ready. i mean when i was
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a women especially a victims of violence and. take part and send us your story we are trying in all weathers to understand this new culture. another visitor or another yes you want to become a citizen. in for migrants your platform for a while information. up. this is state of the news africa coming up in the next 15 minutes to kill or not one has lifted a ban on elephant hunting but not everyone agreed we'll hear the arguments for and against the controversial move. and we'll also hear from the kenyans hoping the country's high order will strike down laws that her make homosexuality of pride if they wish kenya will be the 1st east african country to decriminalize gay 6.

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