Simply choose to discover subscribe to documentary 737 max can fly again in the u. S. After 2 fatal crashes. Boeing has been grounded for a great team. But the federal Aviation Administration says its now a safety. Also coming up south africas investment, the countrys reignites, an economy that was struggling even before the coronavirus pandemic, unemployment levels. Workers speak out about the high price they having to pay in the production of business. Welcome to the program. Boeing is getting the green light for its 737 max. The us federal Aviation Administration has announced that the plane can take to the skies again after it was grounded in march of last year, following 2 crashes at the time who was the companys top selling model. But the announcement still doesnt reverse boeings massive financial problems. The company has been incurring huge losses and has said it will cut more than 30000 jobs. The grounding of the 737 max is estimated to have cost boeing as much as 20000000000. 00 through compensating airlines and having aircraft recertified buyers of canceled more than a 1000 orders for the 737. 00 max is in recent months. A 410. 00 aircraft, a still on hold waiting to be delivered. Each one needs to pass Flight Safety tests before it will be allowed to takeoff. Boeing is unlikely to post profits for years now. Well, as discussed theres a bit more with alison stewart. Alan, shes chief executive of International Market partners and joins us from london, is great to have you on the program. Just explain to us how much damage this whole saga has done to boeings refutation. Well, the Reputational Risk arose at the very start with the grounding of this 73737 max jet. And what should have happened was that the leaders of the business at that time, of course, the c. E. O. Has since been replaced. Perhaps theyre linked events, but we didnt hear very much from mr. Mullen, bergen. At that point. He wasnt on t. V. He wasnt communicating with passengers with the airlines about what it all means and what they should do with this very expensive asset. So it all started really with silence. And if youre in a crisis, being silent is not the answer. Yaz cost them 20000000000. 00 to see. How would you rate that Crisis Management . Well, its a case study in what not to do very much like, you know, British Petroleum or b p, when it had its macondo well to sastre some years ago. This is a very similar situation in some ways because we, you know, the stakeholders who include all of these bodies, staff passengers, airlines airports. I could go on with the number of them all need to have a clear message about what exactly boeing is going to do. Whats their action plan, and when is it going to come into effect . And how do you reassure the flying public that they dont get on a 737 x. Jet . This was likely to crash. All of those messages need to be communicated by the top leadership of the business, the c. E. O. And the leadership team. And we just didnt see them. I give them probably a 4 out of 10. Thats not so great. You have of course, really instilling Public Confidence in this plane is a huge question. But for the airlines, many of them placed these orders long before the coronavirus came and made a mess of the airline industry. Will. A lot of those airlines have change their strategy completely since that they have and the thing that happens in all businesses is that markets evolve and Technology Helps those markets evolve. Consumer preferences, hope, those markets of all of them. The thing that is going to be even more problematic for bradley is that once the flying public, very slowly, incrementally return to the skies, other aircraft will come on to the market eventually, maybe sooner than later, with alternative greener credentials, hydrogen solar, all of these, you know, greener approaches to air travel are being developed as we speak. So youve got a legacy asset in the form of this 737 max. Its not going to be significantly upgraded. And yet, you know, its sort of like buying an old car who wants to find all carwyn new ones may well be available. So thats the biggest challenge for boeing. Plus, as you say, the Business Model will change. Carriers are going to change the way that they promote and the way they price their seats and the aircraft that they use. Alison Stewart Allan from International Marketing plan, as thanks for bringing as your expertise and now south africas annual Investment Conference is taking place with renewed urgency as the country struggles to revive its economic fortunes. Amid the coronavirus pandemic, the government has called on investors to help reignites Economic Growth and boost confidence in the countrys post. Pandemic recovery. 2. Previous editions of the conference helped generate some 35000000000 euros in investment. South africa is desperate to create jobs after unemployment. Across the 30 percent mark last week. But our correspondent in south africa, adrienne krishna is at the Investment Conference for us. Hes been speaking to Economic Advisor to president sarah, pose a true moodys proposal. Believe this week again, downgrade south africa. And survey actually said that by 2022, the depth to g. D. P. Ratio might surpass 100 percent. The country is quite broken. That out is a quite group. And the fiscal strain, like most countries, i think we went in to close it with limited fiscal space. So that is one thing that one country and away from one has to admit that. But if you look at our debt to g. D. P. Ratio, i mean, you know, we have the g. 20 summit coming up over the weekend. If you compare us to other g 20 countries in terms of how much we increased debt to deal with that and where i reach it is were comparable. Were not an outlier. It is a shock to us is that given were coming from where there was a time when the government had really couldnt constrained contain the day to g. D. P. Ratio coming from where we were like the center. So to where were going, it is quite a shock, but weve had to admit that in an emerging economy thats developing with added to the mix, we have to consolidate fiscal stunts, but it has to be gentle. It can be that we pursue austerity in the middle of a crisis. South africa has massive social challenges. Very high crime rate. Incredible high murder rate, for example, from the feedback you get from potential investors. Are they rather scared at that point of time . Are they saying ok, lets give it some time and wait and see where the country goes. I assumed that weve seen before when the president came into office and no, its still there. I think the enthusiasm is still there. You know, youd appreciate, you know, if you look at investors, german investors, for instance, many of them have been here for decades. And so theyre able to navigate in the environment and we try to work with that. We dont abuse the fact that theyre familiar with the environment. Of course we dont take it for granted. But we have longstanding relationships with business, so they understand they bear and they understand that religious markets, you know, were not all that exceptional. And they also understand that if theyre going to base themselves on the african continent, is that country that offers the sophistication, the financial, the telecom, the International Connectivity thats required for them to be effective. So, you know, we do find that investors would obviously prefer for things to be much better, but they were willing to work with us to get this little optimism. Now, some of the other Global Business stories making the news. 2 thirds of German Companies are convinced, working from home will play a bigger role in daily life. Even after the pandemic. As according to a survey by Consulting Firm deloitte, it found a majority of companies are ready to invest in home office infrastructure, hoping it will work space rental costs. Stock exchange has suspended trading in shares of the crisis, hit a line norwegian despite an earlier rescue package, the government has denied more aid to the airline which has warned it could run out of cash in the 1st quarter of next year. Now palm oil is almost everywhere, its in half the goods that we buy from. The supermarket, 85 percent of the worlds supply is produced by indonesia and malaysia. But for female plantation workers, the relentless demand for Palm Oil Comes at a high price. And a. P. Investigation has uncovered dangerous working conditions and even sexual abuse. Vast swathes of borneo, i hold to the most vast, the tile unsought tough to oil in the world. Through an army of invisible woman. 3 king their backs, harvesting Palm Oil Plants for just 2. 00 per day and a lifetime of Devastating Health problems for it. And that we can feel pain in our stomach and hips as we have to carry 20 kilos, chemical tanks. Its also coast falling. Of the women borderless, colorless, long lasting. The oil inside the palm fruit is in high demand, often finding its way into so, deodorant, and cosmetics that make up the 500000000000. 00 Global Beauty industry. To satisfy soaring demand, Oil Producers rely on an intensive, toxic Pesticide Use with little protective equipment thing. To want to get there and any month on our findings in column one ton should female workers got pneumonia or were blinded by the past aside. But it also happened in sumatra where one was contaminated by habit sites and the company wouldnt take any responsibility. But women are also vulnerable to sexual abuse. One described an attack from her boss that went unpunished by police. First of all, he harassed me. Then when we were at the plantation, he began to threaten me by saying, if you dont give me your body, i will chop your neck with this axe. And then he started to open my shirt and rate me. When he finished, he spat on me she now lives with the consequences, another victim of the world, unrelenting consumption of palm oil. Now the swiss skiing industry has launched a campaign to save its winter season from the coronavirus downturn. The ski lift associations are urging locals to hit the slopes after giving up hope that International Visitors will be able to travel. The authorities introduced tighter measures at resorts, including mandatory masks on open and closed cable cars. In recent years, the sector has been struggling as the overall number of scares has gone downhill. So from in the Business Team here in check out our website business, were also on facebook and twitter. Thanks for joining us and until next time, take up to go beyond. Yes. As we take on the world the stories that matter to you really ever made for mines. Story so that people who for information like the means they want to express g. W. On facebook and twitter are up to date in touch follow us bases. D. W. Is a show coming up today. Troop reduction from a country in need of security. The United States is to merely haul of the number of its troops in afghanistan by january next job. But is it too hasty, a drawdown from a country seeing increasing levels of violence . We get the view from kabul