comparemela.com

Groups collapse condor remains an operation flights are running normally but its requested a bridging loan from the government and has said it cannot honor bookings made by a top thomas cook putting affected passengers in the same situation as thousands of others around the world. Polities a chance to distress and recharge the batteries not so for these travelers among hundreds of thousands of thomas cook customers wondering how well now theyre going to get home. They just how to get to the out here in tennessee and we should get more information but were not too sure if this is a nightmare a mistress. Or wanted really cool. What can you do if youre overseas on a thomas cook holiday and you can continue to enjoy your holiday hes launching. This is the low. Since the 2nd world war and we will be bringing haram every party. Back back to the u. K. As close as possible to their return date 150000 brits need to be flown home in all 600000 holidaymakers are affected. The farm has been struggling in recent years mounting debts at high Interest Rates alongside changing Consumer Habits combine to create rough conditions in the travel and Aviation Market uncertainty surrounding breaks it didnt help matters things came to a head last month in order to raise cash quickly the bosses put the Airline Business and condo up for sale before scrapping the proposal and presenting a rescue plan to investors despite huge if its over a number of months. And that intense negotiations in recent days we have not been able to secure a deal to safe business for some of the 20000 workers at europes 2nd biggest travel company there may be smiles but the future is far from clear. For more lets bring in Clifford Coonan from our Business Team and really bartz at the Frankfurt Stock Exchange early i want to start with you what does this mean for customers and for investors. Well for many customers it means that they will either not be departing for their holiday there are about a 1000000 people that said who were booked and who now can no longer travel with thomas cook many will be repatriated as we heard in the report many will not conjure wants to continue flying but it needs money and its unclear how long it will be continuing to fly and customers regardless of what situation theyre particularly in will have to look for governments and Insurance Companies to cover their costs investors are looking at a disaster the companys share dropped by about 95 percent within the past year and of course tanked after this news. Nonofficial trading here in germany it suspended in london the share was trading at one point under one cent. A painful time financially to be sure but clifford turning to now thomas cooks biggest shareholder is follow suit and what role does this Chinese Company play in all of this well. It was supposed to be thomas cooks corporate savior that was the idea instead its been put into this rather difficult position but its run by wall guangcheng whos one of chinas richest people hes a billionaire who sees himself as the Warren Buffett type of figure hes known in the u. K. Maybe for best known for owning Wolverhampton Wanderers the ball club and quite a flashy figure and we have here then what looks like a clash of business cultures in a way you have this chinese new money coming in to rescue the oldest Tour Operator in the world and coming up against a more traditional Institutional Investment war with the banks who have appeared to have stopped this deal have been going through yes indeed it hasnt appeared to have worked but have we heard any reaction from them at all well its been interesting they said in a statement that they had deepest sympathy for the people who were whove been trapped by this they basically theyre putting the blame i think that going to the language very much of the at the feet of the banks and saying that its their fault and we may not have heard the last votes and yes and we can maybe something left to run in the story turning to you really then how does thomas cooks collapse impact the larger travel sector. Well some people think that it will take over capacity out of the market and the benefits of those that remain Tour Operator to a for example or lost tons or ryanair or easy jet their shares for are going up but some people warn like an Airline Consultant i heard that the next collapse may just be around the corner problems besetting thomas cook are also basically the environment in which everyone in the travel Insurance Industry is operating over capacity price wars thank you very much at the Frankfurt Stock Exchange for san clifford going in from the business good to talk to you 2. Leaders from around the world are meeting in new york today for the uns Climate Summit but theyre not the only ones asking what the world can do to fight Climate Change over 50 banks and International Lenders have announced they will start tracking the Climate Impact of their loans and investments its called the partnership for carbon accounting financials and is a response to pressure from investors to pull out of heavily polluting projects in total the partnership manages around 3 trillion dollars in assets. Joining me now is the president of the European Investment bank than ohio welcome mr hoyer now theres been a big push to see Financial Institutions invest more in dealing with the Climate Crisis what is the i e be doing. Be the u. Bank is the by far biggest multilateral and International Lender when it comes to climate projects we have been very active when it came to be raised 4 years ago were going to have seen that become a good idea of nations has made progress but not enough we have behind schedule when it comes to the carbonation objectives so we need a fresh start and its so encouraging to see that this General Assembly seems to be a very exciting one. A quantum leap in effort towards decarbonise ation. Now earlier this year the i announce it would stop the financing fossil fuels can you get us up to speed in terms of how much has been achieved in this regard. Well pretty much we have been out of Court Filings are for a very long time out of the other hand i must say that our Energy Living policy is not a resource dependent its emission dependent and we believe that the gas emissions for instance are too high and can be maintained the most out of these fossil fuels so we are aware that it takes a transition period we are aware that it takes to help those regions which are dependent upon color and it goes but one should not hide behind these arguments in order to perpetuate the use of. These kinds of materials. Thank you very much the president of the European Investment bank on a high are there for us. The melody of a group of islands in the indian ocean is one of the countries that could be affected more than others by rising sea levels but at the same time it is dependent on tourism a major contributor to Greenhouse Gases our reporter robert rich was there the man deep turquoise blue sea bright beaches a paradise on earth but the lowest country in the world is in danger bit by bit the sea swallows the islands eroding beaches dead palm trees pictures that dont fit into the postcard image for even him name from the Environmental Protection authority its an all too familiar scene. The effects of climate 10 were already in the model its like if you go to the islands you will see the cost of leadership its really the same dont get torrential rains more frequently thunderstorms more frequently this year 8 new luxury resorts will open such as the waldorf astoria if a food rising sea levels have been taken into account the night costs approximately 1600 euros there are 11 Specialty Restaurants on the islands one of which is the long for 160 euros you can have a signature peking duck roasted in the maldives 1st classic wood fired oven the duck is flown in from germany the wood comes from australia the luxury guests are becoming more demanding requiring superdelegates and the resorts are delivering what they want yet. You have such an increase of of results opening because theres definitely a demand in terms of my these being a truly beautiful nutri this nation the number of visitors has been rising for years every 5th visitor comes from china this year for the 1st time more than 1500000. 00 tourists are expected to archipelago in the indian ocean is especially popular for honeymooners pretty lexy Pretty Amazing everything. I am offered but we have nice places in germany also hidden ones but i think here its a bit like paradise i think you have to see that once in a lifetime when if not now the mall deaves is unique as a Tourist Destination investors are now switching to the goods on coral reefs they are building artificial islands these deals were arranged under the corrupt predecessor government of your main shame which withdrew the control for tourism projects from the Environmental Protection authority. Thats it for me and the Business Team here in berlin for more Business News and features check out d. W. Dot com slash business or follow us on social media thank you very much for watching. Ill go to the girl next. To mine the story. With exclusive. The must see consuming part your. Place to be for curious minds. Do it yourself networkers. So subscribers and dont miss out. On whats the connection between bread but home and the European Union he knows good old montanus w. Correspondent and avid baker you can stretch this particular line with the rules set by the team. No small thing recipes for success strategy that make a difference. Baking bread on the d. W. But on what it. Is you know i mean in your monotonous he. Goes oh no theres cynical media. Us all up with it but i. Dont want it. This you know i mean in your mind not in a single i know what ink idea park is one among women artists. What im focused on the material but im with what an organizer i know what is a term. Vision i mean in your mind not a single on your budget and what are your criteria i dont want to. Me number and unanimous. The show could go because i see various have said. I should. Point out ive only said but i caught a chronometer today frontin. Point 0. 0 can see it because i see if i say i said. Above. The book. This is it it really was life from berlin and then passions agrippa to berga at the u. N. Climate summit the crisis in the action of World Leaders we are in the beginning of this extinction and all you can talk about is money and fame against the challenge Economic Growth how did you. Sleep popular young activist challenges you german chancellor and other World Leaders convening at the United Nations also coming

© 2024 Vimarsana

comparemela.com © 2020. All Rights Reserved.