Muni norge green a button is aimed at making consumers more aware about where what they wear comes from. Welcome to business asia America Jones in berlin good to have you with us and if youre planning on flying with British Airways better check your flight status because British Airways has canceled almost all its flights pilots have begun a 2 day strike it is the 1st time the companys pilots have taken part in industrial action but theyre warning another walkout will follow soon if their demands arent met this was the scene at london heathrow on monday morning dozens of British Airways planes grounded as pilots walked off the job for the 1st time in the airlines history. The action has left tens of thousands of passengers stranded prompting British Airways to tweeze we understand the frustration we are extremely sorry it has come to this we remain ready and willing to return to talks with. The pilots union called the action after refusing the offer of an 11. 5 percent pay rise over 3 years the move sparked a furious reaction from c. E. O. Alex cruz who says be a offers world class salaries this is by all means goal is punishing our customers 1st it is punishing our brand is punishing the 90 percent of colleagues that have already accepted this 11. 5 percent deal and frankly it is punishing those pilots that want to come to work every day day in and day out but Union Representative say to me or pilots in particular who will soon start their careers in desk because of the high cost of training arent getting a fair deal they say stuff deserve a bigger share of b. S. Profits. Well i dont know how much public support we have we get a range of mixed messages whats more important is the pilots of 100 percent 93 percent of British Airways pilots voted to go on strike theyre the ones im representing this dispute theyre the ones im trying to broker a deal for the 2 day strike is likely to cost precious airways nearly 100000000. 00 should no deal be reached a further walkout is set to take place on september 27th. This almost as president he had altos a car while will step down on september 16th as a comic his board of directors says the announcement comes off the cycle of what minutes of being overpaid by as much as half a 1000000. 00 the news comes as the carmaker struggles to deal with the fallout from a scandal involving former boss comes go on faces a number of criminal charges nuisance profits and sales have tumbled over the past year. Talking of tumbling the number of tourists visiting hong kong declined sharply in august falling months of protests over an extradition bill the fall is by far the deepest to hit hong kongs key Tourism Sector since the way for demonstrations began adding to fears over the citys economy. This is not a scene likely to make tourists feel safe or welcome. For months mass protests have taken over the streets of hong kong over an extradition bell. The ensuing backlash from the Hong Kong Government has been dramatic and at times brutal. Last year hong kong was one of the worlds most visited cities with tourist numbers of more than 30000000 as of july this year visitor numbers that only fallen by 5 percent but according to hong kongs financial secretary paul chan the fell by a massive 40 percent in august. Authorities say thats thanks to the protests taking place the transport hubs and turning the airport where passengers have been subjected to increased checks delays and cancellations it has a ring trend that destructive hours have extended to different transport hubs including to Hong Kong International airport. The airport is a key infrastructure there we always took pride in. Some economists believe hong kong will be in recession before the end of the year given the impact the Current Situation has had on tourism and the wider economy. Heres a surprise german exports rebounded unexpectedly in july europes economic powerhouse has been hit by the us china trade war and uncertainty over brics that but new figures show exports rose 5. 7 percent month on month almost 4 percent compared with the same period last year imports however fell further than expected and the Statistics Office says that underlines concerns the economy has lost momentum and economist expects germany to fall into recession later this year. Or more and thats lets bring in conrad whos now a man in france. And the good news 1st german exports rose in july but almost 4 percent compared to the same months last year why then are we still talking about a looming recession because monica most of the other data which has been released recently tells at least a story of stagnation you know export numbers like the one like the ones released today have a tendency to be unreliable theyre quite volatile export orders factory orders for the exporting companies all of those numbers in recent months have been on the decline so its quite fair to expect that the august numbers the september export numbers potentially also the october numbers all will fail to surprise us positively. And thats why you know the that positive data today has also not really ignited a lot of optimism on the trading floors here in frankfurt and how about the car industry germanys car industry certainly is the biggest export sector how are they holding up in all this. Well you know the Car Companies have to manage 2 things at the same time at the moment they have to get prepared for the future a future thats dominated by electric driving by cars driven by anything but combustible engines but at the same time they have to deliver to their current markets which are overwhelmingly combustible engines that costs a lot of money and thats why i find it very very difficult to predict or to say which ones or which one of the shares of the car sector at the moment might be bargains. At least convinced that Dividend Payments is not on the top of the list right company whos in there in frankfurt thank you so much. And of course in frankfurt we also have the International Auto show carmakers has been investing billions in developing electric vehicles to meet tighter emissions restrictions in europe and in asia and of course to remain competitive as the International Auto show in frankfurt gets underway later this week we take a look at the industrys oncet it today stability demands move over tesla the competition is about to heat up several european carmakers are rolling out new electric vehicle models. To ease the near where we are probably saying so the big orange to read the next mark electric cars you know volkswagen the idea 3 porsche with the take in sports car and then youve also got kind of rather with persia and all these other for showing sold for electric products and concepts mass market means cheaper models like volkswagens id 3 so more europeans will be able to afford the new electric vehicles until now the continent has lagged behind other regions last year just under 1000000 electric vehicles were sold in asia pacific the americas were far behind but still in 2nd place and europe came in 3rd with fewer than 230000 electric vehicles sold. But that could change now with car makers showing the results of the billions that invested in electric Vehicle Technology at the i. A. E. A. And front foot. And here are some of the other business stories making news. Russias state Communications Watchdog says u. S. Tech giants google and facebook allowed political ads on their platforms during sundays Regional Elections despite being asked not to russian last election ads should not be broadcast on election day but moscow says google and facebook did nothing to stop the ads being run. And an alliance of u. S. States has announced an antitrust investigation into facebook the new York State Attorney general says the aim is to find out whether the social media platform stifle competition. And put us at risk by endangering their data the Justice Department also say it was conducting a competition review of online platforms. The disposable fashion industry is highly controversial as it tends to exploit workers in developing countries the collapse of the rana plaza factory in bangladesh 6 years ago shocked consumers in europe and it prompted a change of attitude today germany launched the socalled Green Button Initiative labeling system that aims to help consumers make informed choices about the clothes they buy well lit production wholesome modern machinery and happy workers this is a new image for bangladeshs textile industry this factory in the capital dhaka produces polo shirts for the western market the manager says theyre doing everything to comply with the green button criteria and hopes theyll be certified the company has made a massive investment to stick to. Their old. Would. Get back up started on sunday but from their style maybe they can see that in. 6 and a half years ago more than a 1000 workers were killed when the run up class a factory in dakar collapsed after that the e. U. And the us put pressure on bangladeshs textile industry to improve safety that has helped a bit now the countrys unions have High Expectations for the new certification. What. I mean by consistent. Will be probably. Help or cash to walk in Good Condition this factory now has regular working times better wages fire safety and Environmental Standards the unions want more companies to work with consumer labels like the green button and open themselves up to scrutiny. Now hes possibly chinas most famous capitalist and he rules a Business Empire worth some 460000000000. 00 but jack ma the charismatic founder of ecommerce giant alibaba has announced he will step down as chairman effective tomorrow i founded the company in his pop mentor 20 years ago and listed on the Stock Exchange and 2014 in what became the biggest i. P. O. In history will stay on what until his term expires next year. And that is your Business Update you on g. W. For me and the team in berlin thanks for keeping us company. Alexander one he more of our series on tomorrow today we want to see what he saw to experience what drove the journey to latin america following in the footsteps of the great scientist. The. Last stop your local basin and the river improbable forests unique biodiversity. To morrow to do it in 30 minutes on w. N n gemini if w. At any time im going anyplace easy names in the m. L. S. I dont like a bit of the missing along so you see this to come from super fun seats. For. Interactive exercises. Everything is online via an interactive benjamin to frame 50 w. Natural riches of precious resources. And a rewarding investment. Farmland has been called ethiopias a gringo in the country has an abundance of love and leases it to international giants. The government jobs after high export revenues to the corporations high profit margin. But not everyone benefits from the booming business from. The trade. Firm mental destruction starvation. The selling out of a country did dont feel. Start september 18th. On. The streets of new years live from british lawmakers forced to leave politics for a Prime Minister is suspending parliament after photos i took the back pocket for take out lawmakers are likely to repeat their rejection of his call for a snap election also on the program shes a nazi even after the attempt to ban the n. P. T. He stayed loyal to the party which is close to Hitlers Nazi Party i dressed as a neo nazi is unanimously elected unopposed
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