Transcripts For DW Business 20240713

And i as computers or dealing with a new unit that i killed many civilians i mean the irish come to quitting my father so suddenly i was a student and i wanted to build a life for myself but these to police were suddenly harsh became our counsel. Providing insights global news that matters v. W. Made for mines. Environmental activists take to the streets up their theme and joe case there said he wont be pulling his company as of a controversial mining project in australia. Also coming up boeing get a new theme but will he be able to turn the fortunes of that quite the company around. The shop a number of things where and you tire of could mean forking out a whole lot more for a bottle of french wine. And its been called germanys thinkers weapon that other countries are adopting if custom of Vocational Training. This new business i take various. Environmentalist around the world. Condemned german engineering giant siemens for failing to pull out of a controversial mining project in australia the decision came as somewhat of a surprise just last week a famous boss joke a fair mess activists from the fight is for a future movement who urged them to drop the plans they say will cause further environmental damage in a country are ready devastated by bushfires. We are here we are loud because youre stealing our future they shout these 100. 00 protesters consider siemens decision to participate in an australian coal mining project a historic misjudgment the fridays for future activists say coal energy is outdated. And pretty disappointed that siemens made the decision to invest in this project in australia because i really hoped that they would make the right move and make a sign for the world that we can act differently to save the planet same insert new york consider backing out of this contract and in other cases companies have backed out of contracts on the basis of climate of climate destruction sir this is the time to do it the star is literally on fire if not now then when. Protests were also held in a dozen locations on monday after siemens c. E. O. Joe kayser tweeted that the multinational needs to fulfill its contractual obligation he says his hands were forced by his duties both to a legally binding contract and 2 customers and case argues that indian industrial giant adani would have still continued the project without siemens technology. The carmichael coal mine will be one of the biggest in the world siemens is providing signalling technology for a rail line to transport coal to the coast. The mine will pump out Carbon Dioxide its emissions output is expected to be equipped. To the c o 2 produced annually by malaysia austria once the cold is burned it will further add to Global Warming environmentalists are also concerned that it could threaten the Great Barrier reef. Its day one of the job for boeings new c. E. O. David kelly loon his appointment comes as the Company Continues to battle with a major crisis last week in week 3 males painted a picture of a company fixated on cough cussing with allegations that management had contempt for regulators and took a casual approach to face to their boeing struggle to deal with the fallout of 2737 mock crashes which killed 346 people just days ago one of boeings biggest suppliers fuselage maker spirit aero systems announced it would cut 2800 employees due to the production stop its unlikely to be alone boeing count some 600 suppliers for the program. Its supply network is a big part of its significance to the u. S. Economy the Company Reported in 2016 that it spent 45000000000. 00 annually on suppliers for all programs generating an estimated 1300000 jobs in the u. S. Boeing is americas largest manufacturing exporter that means production changes often carry over to the u. S. Trade balance and to growth itself treasury secretary steve newton has estimated the 737. 00 max production stop could strike half a percent from u. S. G. D. P. Growth and the 737 crisis is hitting other priorities boeing has pushed back the rollout of a new midsized plane. Another reason that as long as the mac stays grounded so does a critical part of the u. S. Economy. Now for more on this lets cross over to Main Financial correspondent hell of a new way into harrow on wolf strange hi ok louise good to thing you what are investors making of david cullen do they think hell be able to turn things around. They say that there was a needed appointment since the 737 mag crisis has taken a toll on the kompany not only financially but also in the more all along war because thats a new management does not mean the Current Crisis will end anytime soon the new c. E. O. Promised simplification at a time well still need to know if a National Impact of deplane production in the current long so far they call derived from this 7 37. 00 max fiasco goes north of 1000000000. 00 and there is no clear sign from regulators on when the grounding will be over in the meantime airline suppliers in the u. S. And g. D. P. Which could raise one have a percentage point in the Current Quarter will still suffer the consequences ok and meanwhile were seeing tech shares perform really strongly apparently on a report that the United States is going to stop branding china a currency manipulator why do Companies Like apple care about this. It is important since it symbolizes a degree is intentions towards her biggest economies also china is a crucial market for de i phone maker which according to some estimates all sales jumping nearly 19 percent last december by being out of the currency manipulator leads to ease some guarantee that as part of the phase one of the deal china will probably compromise not to engage in any direct currency interventions this could bring some peace of mind to Tech Companies such as our pool but there are is Still National Security Issues are to be resolved between washington and when it comes to detect sector here in the u. S. Thanks so much. And that if you like champagne this next story could be a cause for concern Industry Experts say consumers can expect a significant increase in prices if the United States makes good on a threat to impose a 100 percent tariff on french wines washington has threatened the move in retaliation for france of digital tax which targets big tech Companies Like google and facebook americans may soon have to think twice about buying that bottle of french wine and that could inflict pain on the u. S. Wine Merchant Industry American Companies make more money more revenue off of e. U. Wine than e. U. Companies do for every 100000000. 00 worth of wine from the e. U. That sold in the United States American Companies make 75000000. 00 from it so if you prevent if you do 25000000. 00 worth of damage to the e. U. You do 75000000. 00 worth of damage to the u. S. The industry has already had to absorb the cost of a 25 percent tariff hike on french wine washington impulse last october the next tariffs will force it to pass the cost to customers they may choose to walk away and that could mean less business the e. U. Understands that this disproportionately damages american businesses significantly more than it damages e. U. Businesses they also have powerful additional overseas markets that they can shift a huge part of their production to frances Wine Industry isnt a good position to offset the loss to u. S. Business to growing markets like china and brazil. But if customers walk away American Wine merchants and restaurants will have nowhere to turn. Shares in french car maker run though are down offer reports in the Financial Times suggested that its alliance with miss van could fall apart the report comes just 2 weeks after former miss on bath carlos ghosn staged a dramatic escape from japan where he faces charges of financial misconduct now in 11 on going to keep his former colleagues that news on ons the japanese government of conspiring against him to prevent a planned merger between the carmaker is. Now in germany 15 of Vocational Training is often named as a reason for its dominance in many industrial sectors now other countries including the United States are adopting the model of on the job training. For josh sanders it couldnt have worked out any better on the job training but the earning money and a College Degree is the same time. I really like it because you get to go to work 3 times in the week to go to school its. All been a snowball. And you can just take the work directly with you for the school put a right to work. College education is a burden that many families in the u. S. Are struggling with but josh is one of 315. 00 High School Graduates in the u. S. Who are taking part in an Apprenticeship Program and she added but the German American Chamber of commerce hes training to become a machinist at the u. S. Subsidiary of a German Company which is paying for joshers that you cation and gives him monthly stipend in return he has to stay with the company for 2 more years after he graduates had and theyre convinced its a good deal for them as well turnover rates in the us are fairly high so without a program like this you know someone we can hire someone externally and they can leave in 2 years well on this program so that we know theyre going to be staying at least 5 years hopefully much longer than that so we really get that payback in the 4th and 5th years and beyond. And we know were getting that Skilled Labor. Sometimes in the mean apart from the same people running i like to be the person that the kind of reverse engineer is i make a brand new car for it but maybe thats not my favorite thing in the 1st josh has found the perfect start into his working life and for Many Companies in the u. S. The apprenticeship model could be the perfect way to make sure they get the Skilled Labor they need to stay ahead in the future. And thats it for me in the Business Team here in berlin you can get more on our website dot com this last 50 can also check a face on social media for me though its by take and. How. Are sucking the country dry. In spain there are more than 1000000 socalled like well. Done legally and in secret because intensive fruit and vegetable cultivation. To much longer this has drastically consequences for the. Water problem. 60 minutes on d w. Im secure that my work that hard and in the end this for me youre not allowed to stay here any more we will send you back. Are you familiar with this. The smugglers were liars. Whats your story ready ready ready. I mean what numbers of women especially are victims of violence. Take part and send us your story you are trying in all weathers to understand this new culture. Or you are not a visitor in other years you want to become a citizen. In 4 migrants your platform for reliable information. Here i am. Succumbs displaced to help loosen the. Ignorant few. Niceties and keeping. Their own story. Because a. Must. Is what starts january 27th on d w. This is did i mean is that right that coming up in the next 15 minutes put us back over water that leads to a wall if europe has a massive dam projects along the nile has egypt fearing for its water supply this are countries all failing to agree on how quickly the reservoir should be filled. And there are millions of them theyre hungry and theyll eat anything in there