tv Business Deutsche Welle May 24, 2019 1:30am-1:46am CEST
when will boeing's grounded 737 max return to the air global regulators meet in 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 were angry over the lenders corporate and legal woes how bad is the mood we'll tell you how investors reacted.
and the head of the european parliament elections what's on the mind of europe's youth well jobs for one bring your report from paris. welcome to business i'm stephen beard thanks for joining us the boeing 737 max has been grounded for 2 months following fatal crashes in indonesia and ethiopia boeing has yet to present a critical software updates with 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.
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 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 the bill for boy will keep growing and it seems that a $1000000000.00 taken inside in india 1st quarter to deal with these matters that
are going to fall short some analysts are talking about a cost of around $5000000000.00 because not only this is hurting the economy internally in terms of a slowdown in production delays or any order of cancellations it's also affecting airlines around the world we are already claiming a boeing 2 food bill according to them is to make that industry over $44000000.00 for every day this $737.00 max if they're grounded these are headache for many airlines especially the ones that depend on these model to renew its current fleet norwegian already for compensation 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 a trade and tech company with the united states who's a getting beyond boeing it's been a tough day on wall street tell us what's going on. well wars that seem to be
seen steve in the markets are realizing that this is not going to improve anytime soon but. tensions in tech industry are making investor never 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 product consumption and confidence will take on top of that we learned that the u.s. manufacturing activity grew out of the slowest pace since september 2009 small that that's not healthy to leave the investor spirits they get more and more worried that the possibility of. calling another truce by the end of june is pretty limited right now all laws on those trade negotiations was a louis saha joining us from new york and here's some other business stories making news. while 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 rather u.s. like crude fell 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 to washington introduced tariffs on foreign products china and other countries responded with retaliatory tariffs focusing on u.s. exports. popstar rianna has unveiled her luxury fashion brand with owner l v h in paris is the latest briana's business ventures which include cosmetics and launch re 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 the bank's woes stem from its 4 decisions its legal problems and its under pouring under performing divisions yes or from chief executive christiane saving is even tougher cuts. it's done a good time to be a doctor 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 buy one to bad guy has to pay the whole board it's a negative mood here $1.00 fundamental change. c.e.o. christiane's evening is trying to put a brave face on the disaster pointing to the banks modest earnings last year. the torture bunk we have banks back into profit we've all achieved our goals and laid the foundation for a sustainable profitable bank often victa and i. hope the top and bank but many
shareholders say that with so much up people they don't even recognize the bank anymore and the 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 spank. and the investment banking business has been an ongoing disappointment at least it faces downsizing but with the 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 it's great news for the younger generation but there are still about $5800000.00 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 as for example currently doing an internship in germany as part of
the exchange program erasmus and there are many other even initiatives for young people in the e.u. is really important for us that's why everybody should turn out to vote. present. but it's not always easy to convince people that the e.u. is falling 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 could imagine. many see the e.u. is an abstract idea this group is participating in a job seminar near paris most of them haven't graduated from school and have never heard of exchange programs like the rest mass they feel left behind by the e.u. and the not planning to vote early 400 euro edition we have to fend for ourselves our enough it's our only chance to find a job which the e.u.
isn't helping us or to allow either politicians don't care about us in 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 people know is this economist says young people are wrong to expect too much from the european union its room for maneuver is limited and open with a little can only provide money through structural fun but its 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 the e.u. programs are still helping them increase their chances on the job market and that
the should be widened out to win over more young people. on the i want to take or leave point this is a much creativity we could easily keep up with the start up paradise of silicon valley where young dynamic and have potential but the e.u. needs to give us more support to develop that potential. says he said. but it's not certain programs like these would also benefit those who haven't been to university unemployment among non-graduates is up to 4 times higher than those with a university degree. it's a form in a business. that's watching.
use safe water and safe raw materials to avoid content. producers are the ones primarily responsible for the safety of the food. but you can protect yourself and your family from diseases in the home by plying the 5 kilos to sea for food use them you also have a role to play. yes it's time for some cultural hello welcome i'm coming up on today's show. find tasks to images from multimedia office meo who will join me here in the studio. and a whole italian town as a backdrop for
a festival of light on the wartime. bots we begin with a look back at the life of british writes an illustrator of children's books judith who's died at age 95 she was actually born here in berlin but fled the nazis with a parents in the early 1930 s. a most famous book remains the tiger who came to tea there were many witty and lovingly illustrated books like the whole series on monk the cat was always getting into difficult situations is mole. judith kerr's career as an award winning author started with a bedtime story she invented for her daughter she then broke down and illustrated the tiger who came to teen which was published in 1968 and has since sold millions of copies worldwide but it was a less whimsical book for young adults that really launched her career when hitler stole pink rabbit is this.