A big day for boeing as it presents a plan to keep it seven Three Seven Max in business after two a deadly crashes its valid to do quote Everything Possible to avoid another accident that as it rejects more oversight. Also on the show a push from the u. S. To shrink its Trade Deficit appears to be paying off. Plastic straws and cutlery soon to be contraband in the e. U. The European Parliament has vowed it has voted to ban ten kinds of Single Use Plastics twenty twenty one. Welcome to this im joined in berlin thanks for joining us A Balancing Act For Boeing as it attempts to win back the confidence of regulators and the public without inviting increased oversight its presented proposed changes to Flight Software on its seven Three Seven Max aircraft thats after two
a deadly crashes involving the model in five months the plan came as lawmakers the mad answers from the u. S. Aviation authority which approved the planes for use. Boeing has been demonstrating a software fix that it hopes will prevent any more of it seven Three Seven Max passenger jets flying themselves into the ground to show the world is on top of the problems that may have caused two crashes killed almost Three Hundred Fifty people. The seven three seven is a safe airplane the seven three seven family is a safe airplane family and the seven Three Seven Max builds on that tremendous history of safety that weve seen for the last almost fifty years boeing says the software fix is almost ready to go but the u. S. s Safety Authority the f. A. A. Threw that into doubt on wednesday denying it had granted provisional approval for the upgrade also on wednesday Southwest Airlines which has the biggest fleet of seven Three Seven Max has revised down its Revenue Forecast he says the grounding
of his planes has resulted in almost Three Thousand flights the red is a good news for boeing came from the german carrier. He says hes considering a three digit order for seven Three Seven Max is as it expands its fleet. Carter joins us now from wall street Welcome To The Show you and well boys unveiled a fix and the f. A. A. Has also spoken do you see faith in boeing eventually being restored well its a tiny step to put it that way still a lot of questions remain unanswered if we talk about the f. A. A. There has been a report out that it actually might take almost up to a year to figure out of the certificate of the a seven three seven eight got too much rushed at least there seems to be no cosying between the f. A. A. And boeing so thats to a certain degree
a bit of good news for boeing but still there kerry has to expect high costs for a Pilot Training also it will probably take a couple of more weeks if not months before those planes are allowed back in the air here in the United States and it also elsewhere around the globe. A long journey ahead still for boeing then but stay where you are yes we have even more ground to cover with you and thats because it fresh figures show that the u. S. Trade deficit narrowed by nearly fifteen percent in january compared to the previous month but that was when the trade gap was actually at its widest in ten years analysts say thats mostly due to an increase in soybean exports fewer chinese imports to the u. S. Amid an ongoing trade conflict between the two countries also helped train the Trade Deficit. Back to you and carter on wall street now this narrower trade gap was of course a stated goal of the Trump Administration is the u. S. Then emerging the winner in this trade conflict well i wouldnt go that far but what we did see in those trade figures is that imports for example dropped quite a bit so that did help the true ease the deficit but imports fell for one particular reason because in december a lot of companies feared that there might be a new terror of some place was the beginning of twenty nine t. And so therefore they bought much more in these sembler and that actually caused an explosion of the Trade Deficit given so that eased a bit and then eventually we have this truce between the United States and china and that probably did was the reason as you mentioned earlier that we saw a huge increase in soybeans exports and so thats certainly did help but this is a one month figure so that does not change anything fundamentally about the huge
Trade Deficit that the u. S. Is still running against carter talking trade there on wall street thank you very much. Now to some of the other Business Stories making news around the world. U. S. Carmaker ford says it will stop producing Passenger Cars in russia it plans to close a three russian plans as part of a broader scheme to restructure its money to do Zing Operations in europe an economic slowdown and western sanctions have put a damper on the russian market several hundred staff could lose their dogs. Embattled former nissan chairman carlos ghosn may have used Company Funds for private spending according to a review by an external committee and it says it found sufficient facts to support that Allegation Cole was recently released on nine Million Dollars bail he has denied any wrongdoing. This Man Technologies is the latest victim of
bitcoin is collapse the Worlds Largest maker of Cryptocurrency Mining Chips has pulled its blockbuster i. P. O. In hong kong it filed the initial Public Offering half a year ago hoping to raise Three Billion dollars but bitcoin has fallen by eighty percent since its peak in twenty seventeen thats made Mining Unprofitable for many. Concerns about chinese Tech Conglomerate while way could spy on International Clients on behalf of beijing have prompted a long running u. S. Led campaign against the company but the us so far ignored calls to ban its technology and the building of its Networks Just the same while way finds itself under heavy scrutiny from all sides. Knowing you is the way we love you in the current context it sounds ominous huawei promises a Super Fast Chip and Artificial Intelligence that can record and evaluate us and everything we do believe from the product we are bringing to the market is
a product of the future and what does the future bring we believe Artificial Intelligence. Thanks to our way the future has already begun for the State Security in china as Western Province beijing has installed a system of Total Control to monitor the Muslim Minority human Rights Groups suspect around one million we girls are being held in socalled Reeducation Camps she enjoying is a Testing Ground for the latest Surveillance Technology weve documented chinese authorities use often you know in close cooperation with Big Chinese Companies like i fly tech. Using everything from the compulsory collection of bio data taking d. N. A. Samples in for children without permission. To the use of you know facial and Voice Recognition in may twenty eighth seen while ways former germany boss seen here on
the left signed off on a Cooperation Agreement with chinas State Security while way was commissioned to develop an Innovation Laboratory for future Surveillance Technologies if its happening in the context in which youre having hundreds of thousands of people being sent to Internment Facilities without a trial without lawyers that is a very worrying Development Well way maintains its independent of the state but their website leaves no doubt about the closeness of their relationship the goal is to gather all personal data via the most intensive surveillance theres ever been. The technology thats being developed in scene down is not going to stay there its going to go through the rest of china and eventually it will be brought into the belt and road project and throughout the world that is the vision that they explicitly said in their own Press Release that beijing is exerting enormous political pressure beijings Foreign Minister lectured europe that to keep qual way
out of the five g. Market is simply immoral when the shoe was untrue. We resist all attempts to exclude and attack companies with baseless allegations for political reasons. Click each. But while away is finding it increasingly difficult to present itself as a tech company just like any other. No more straw is no more single use Plastic Cutlery no more cotton buds on wednesday the European Parliament voted overwhelmingly in favor of banning some kinds of plastic and experts say its about time. Disposable plastic was long thought of as extremely practical on a picnic for example you could use your Plastic Cutlery once then simply throw it away. But there are more environmentally friendly alternatives such as paper straws they decompose quickly and dont endanger marine animals such as turtles pollution by Plastic Straws has been known to kill some sea life eighty
five percent of the trash in the ocean is made of plastic and most of it is disposable items. Experts fear that by twenty fifty theyll be more plastic in our oceans than fish thats shown up in an attempt to at least slow that down European Parliament voted by a large majority on wednesday to ban Single Use Plastics from twenty twenty one. I mean if we dont change our ways now we will choke our oceans with past Scientific Evidence is undeniable so are the gravity and urgency of. The problem europeans care about this i want europe to show leadership in finding solutions and raising the standards across the globe. The manufacturers of all products will have to be involved in Waste Disposal he wants to cut the overall cost of environmental damage by Twenty Two Billion Euros in the next few years. And
thats it from me and the Business Team here in berlin for more news and features check out www dot com Slash Business or follow us on facebook and on twitter. With this quick check on Global Markets thank you so much for watching. Begin venue. To. Show their stuff. The cards will be good morning stephanie. Chats with musicians from around the world. Every week on t. W. How to cover me. Than just one reality. Where i come from we have a transatlantic way of looking at things thats because my father is from germany my mother is from the United States of america and so i realized fairly early that it makes sense to explain different realities. And now here at the heart of the European Union in brussels we have twenty eight different ideologies and so i think
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