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tv   Business  Deutsche Welle  September 24, 2019 1:30am-1:46am CEST

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it is. now live. in some. degree of. the world's oldest travel agency stops in its tracks thomas cook is bankrupt leaving the british government to ferry tens of thousands back hold we'll tell you what happens one of the travel industry standard bearers. and we'll show you a concrete proposal to cut back on c o 2 when the construction industry appeal engineers in nigeria are figuring out how to turn the route truck into a cleaner cements. this is your business report i'm stephen beers in berlin thanks for watching the world's oldest travel company thomas cook has collapsed after
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failing to secure a last minute bailout. more than half a 1000000 people worldwide are currently on holiday with the group u.k. aviation authority has begun an operation to bring customers stranded or brought back to britain it's being called the largest repatriation effort in british peacetime history. almost a day after the bankruptcy announcement by one of europe's largest travel operators thomas cook branded planes remained parked tourists stranded at airports still clueless as to how to get to their destinations or back home. we were told this over on the spot flights cancelled and there was no longer operating. so we actually were told to go home and be. around 15000 holidaymakers on thomas cook books travel have been flown home once the company went bankrupt many more will be brought back within the next few days if you're
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overseas on a thomas cook holiday then you can continue to enjoy your holiday at the cia it is launching. this is the largest repression since the 2nd world war and we will be bringing home every party. back to the u.k. as close as possible to their return date. tourists however are not the only ones worried thomas koch has booked vacations for millions of customers every year and many disintegrations fear that some of them want to just rebook with different operators but might stay away. this bankruptcy will cost turmoil in the $20.00 to $20.00 season and there will have to be serious analysis carried out until then. we have. this motion this is a 7 rishta earthquake and we'll waiting for the tsunami and you know that the
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tsunami is most of the time the one to bring the greatest disaster we're going to live with us for a. while travelers are concerned with the short term holiday plans the tourism industry worries about the future of thomas cook affiliate khon door and other players in the industry to see whether the latest bankruptcy will have any ripple effect. so how exactly did thomas cook get here let's take a look back it all began 178 years ago as a father and son outfit offering modest trips between english cities but it grew into a multi-billion dollar travel firm with global reach and $22000000.00 customers now at the turn of the century the group expanded rapidly buying up tour operators hotels and airlines across europe among the firms subsidiaries or tour operators like tours or necromancer which offer trips to customers in germany switzerland austria and other countries add to that cook's planes groups airlines business
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comprises thomas cook airlines and condor or germany now china's flows through tourism one of cook's investors had been in talks to acquire a controlling stake in thomas cook for around 450000000 pounds but of course those talks collapsed. well over to europe a steep drop in german manufacturing is dragging down the eurozone economy that according to a key survey of business exacts the purchasing managers index which offers a snapshot of private sector activity dropped to a 6 year low in september that suggest the eurozone economy is stalling and close to recession the news that the euro is down 4 tenths of a percent against the dollar on monday economic powerhouse germany saw its factory activity shrink at its fastest rate for a decade during september. and for more on this let's go to our financial correspondent in new york yes korda yes nice to see you and his european markets didn't like this negative p.m.i. reading did wall street react well i mean analysts on wall street at
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least the cold those numbers plain all fall and it's not that the u.s. is immune to turmoil overseas but on the other side what is still holding the u.s. economy together is u.s. consumption and at this point it still looks rather healthy there was not all a lot of movement here on monday on wall street when we got those figures out of germany we did see the market opening on a lower nolde but then trading went on the market did recover a bit but all over all wall street isn't a wait and see mode we are waiting for the trade talks will continue between the u.s. and china and then also the quarter is coming to an end then means earnings season is at the horizon and that also will be decisive for stocks here on wall street and yes we should point out that there were some manufacturing numbers that came out
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today that were a bit better in the u.s. what he tells their. yeah we got some pretty liberty data for the month of september and after we got quite disappointing figures for august that actually hinted at a contraction in their manufacturing business here in the u.s. now those september figures reached the highest level in about 5 months even if they're not really that elevated but still so far those numbers show that there still is growth but overall especially if you look at the trade tensions between china and the united states that has not made the u.s. the manufacturing industry is driving quite the contrary those trade disputes so far are hurting the manufacturing industry in the u.s. as well all right trade continuing to dominate the headlines younes quarter there for us in new york thank you. let's take
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a look at some of the other business stories we're following for you. indonesian investigators have released initial results into their crash investigation of a boeing 737 max operated by lion air last october the report blames design flaws and manufacture oversight for the crash backing up other investigations which have raised similar safety concerns about the boeing model. a steep drop in german manufacturing is dragging down the eurozone economy in september the purchasing managers' index dropped to a 6 year low suggesting the eurozone economy is stalling and close to recession news that the euro down 4 tenths of a percent against the dollar on monday. a group of insurers and investment funds including germany's promise to go green by the year 2050 the companies say they will no longer finance corporate projects that negatively affect the climate including fossil fuel ventures c.e.o. of a beta told the u.n.
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climate summit in new york that the fight against climate change is the most important task of our time. for it is recalling 100000 cars in germany due to the possibility of leaking battery acid which is a fire hazard subject to the recall our galaxy s max and mondeo models all of them made in a spanish plant in valencia between 20142019. and also happening in the auto making world japanese carmaker nissan and its former chairman carlos ghosn have severed a false financial disclosure claim by u.s. regulators the securities and exchange commission says they failed to disclose more than one $140000000.00 and pay nissan will now have to pay a fine of $15000000.00 to the f.c.c. and go on $1000000.00 go is also banned from serving as officer or director and a u.s. company for 10 years under the agreement former nissan chairman still faces criminal fraud allegations in japan. is the most widely used
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manmade material for building and it's a massive contributor to the climate crisis the $4000000000.00 tons of cement produced each year for concrete construction account for 8 percent of global c o 2 emissions now engineers at the university of lagos' may have found a more sustainable alternative civil engineers dr vall from schmidt and dr colo worley a decent owner not a share a common mission finding the construction material of the future and they reckon they're on to something the peel of the richter vegetable kasatka has properties they could help building sites to be more environmentally friendly cement as lancaster grows to cement is the biggest villain when it comes to the environment because making it produces lots of c o 2 in seems a lot of energy that. cement is a key ingredient of concrete helping to make it hard but not to all in our day has
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discovered that the ash current kosov appeal can do much the same. we have the irish and we have found out we have produced concrete with it europe would use more with it i mean in strengths which is one of the major or are properties of concrete very very much compared with not concrete today. it's a discovery that can be useful to many parts of africa where he's grown in huge quantities the peel is normally a waste product and so readily available that makes it a cheap alternative to expensive cement and with the cement industry accounting for around 8 percent of global c o 2 emissions to suffer can help african builders to build greener. and saying in africa got a bonus set to become the 1st country on the concerts to be paid to preserve its forests using international funds the announcement came from the u.n.
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. boeing which is almost 90 percent forest will get $150000000.00 from norway to battle deforestation as part of the 10 year deal but he's minister of forest welcome the news saying he hoped it would encourage similar investments country has been a leader in central africa and preserving forests having created 13 national parks since the turn of the linea. and that's it for me in the business team here in berlin of course find out more about these and other stories online at www dot com slash business i'm stephen beers and it's watch.
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i'm not laughing out. loud sometimes i am but i found nothing which is that we should have been think steve winter gemma culture looking at the stereotype question but if you're thinking of countries i'm not. prepared for this drama. it's a laugh and. i might show join me from the jevons on v.w. . post. pics to. to take
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one step further. and face the possible. look you're on this side of love really time to search the unknown to. find for the truth out of. time to overcome boundaries. and connect the world. has time for cutting. the deficit is coming up ahead. for minds. the fall of the berlin wall become long before november 989. the heroes of eastern europe. we talk to those who began the struggle for freedom closer personal courage or all that know it buckles going gone no telephone call
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for almost all of you know you've been in the courtroom we happily go off the wall didn't surprise me i saw it coming 10 years before i was sure i'm coming home i mean. what does it take to change the course of history. raising the iron curtain start september 30th on d w. hi there and welcome to arts and culture and i hope you're ready to rock n roll on today's program because michael schenker one of the most lot of guitarists of his generation will join in the studio and also coming up. a room with a view of the eiffel tower a finnish photographer just a white tells a story of paris centering on the city's most iconic landmark. and in our series 100 german must reads we feature a dark comedy about state surveillance seen through the lens of the east german
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secret police one of the stasi. well fans of hard rock and heavy metal know him well michael schenker widely considered one of the best guitar soloists around a veteran member of u.f.o. he also played for scorpions way back in the seventy's and has had an illustrious if till 2 s career well now he's back with a new album according to critics better than ever so we'll speak to him right after this. case trademark is the flying v. guitar michael schenker. with the lights on is a track off the new album revelation by the group my coaching cuffs.


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