Well thanks to cash for grief families of People Killed in a plane crash in ethiopia in march project parts of a 100000000. 00 proposal by plane maker boeing to compensate them also coming up. Backing britains ukase biggest carmaker Jaguar Land Rover says it will invest millions in the u. K. To make a range of electric cars and mexico city is wondering what to do with something that could have eased its traffic problems but became something of a plane instead. Im Chris Culliver in berlin good to have you with us. And we start the program with grieving families trying to rip their heads around a big pile of cash u. S. Plane maker boeing is setting up 100000000. 00 fund to compensate relatives of the victims who perished in the 2 recent crashes of its 737 max planes in indonesia and
you see oprah but many of the families feel patronized by the plan and some are already saying no thanks. Ethiopia Airlines Flight 302 was one of the 2 fatal crashes all 157 passengers and crew on board were killed lawyers for some of the victims Family Members say boeings offer is tactical in light of recent lawsuits. To make the statement was meant to sweeney the minds of the duty that would be making a determination on the cases that have been fired and. Other Family Members have wondered why boeing didnt contact them 1st a kenyan man even told reuters that the money offer poses a danger in a country where kidnappings for ransom arent uncommon. The details of boeings offer meanwhile remain opaque will Family Members have to apply for aid how much will go to Living Expenses or charities boeing is still grappling with the 2
crashes which killed a total of 346 people and wiped billions off its Market Value It already faces more than 100 lawsuits related to the accidents the Aircraft Type involved in both crashes the 737 max remains grounded worldwide. By hand germany Factory Orders took an unexpectedly sharp plunge in may raising doubts about europes largest economy to weather global trade disputes orders were down 8. 6 percent year on year dragging them to 10 year low the fall of april figures was particularly grim and much worse than alamosa forecast for and took a real hammering with analysts saying the Global Trade Situation could turn Europe Stempel rarely slowdown into a full blown recession. Well for more on the Story Lets Cross Over Top Man on wall street yes corday yes what do people on the Trading Floor there think will the pressure on the World Economy ease anytime soon. Well at least when it comes to trade then really remains still quite uncertain if a deal can be reached between the 2 biggest economies in the world we got some comments here shortly before the weekend from china that the Chinese Government only is going to agree to a deal if u. S. President donald trump removes the terrorists already in place and if washington is willing to do that is very uncertain and then also a big question remains how it will be possible for the u. S. Administration to enforce the protection of Intellectual Property Law and so a right so still a lot of uncertainty but trustingly enough wall street is Still Holding up to almost record highs despite all this uncertainty and despite these high share prices that weve seen another record setting weak Corporate America is already
dialing down expectations for the soon to begin earning season tell us more in the year and it also doesnt really seem to matter for the overall upbeat mood to youre on a wall street them so earnings season soon olia will start next week when we got numbers from pepsi from. The jeans maker off levis jeans and also from Delta Airlines overall expectations or overall we already had a high amount of companies actually lowering their expectations in the usual unusually high amount of companies is pretty cautious busy also partly because of trade but even that does not really seem to shy away investors at this point yes quarter new york thank you and now to some of the other Business Stories making the news. Bank says the head of its ailing Investment Division gareth
ritchie is stepping down at the end of july hes been blamed for the divisions weak results the banks Supervisory Board is meeting on sunday to consider a multibillion dollar Restructuring Plan which could see 20000 job cuts around the World African leaders are set to launch a continent wide Free Trade Zone this weekend at an African Union summit in the 25 countries have ratified the deal which lowers trade research in a major boost africas biggest economy nigeria now says it will also sign the agreement. Jobs are a battleground going into greeces National Election on sunday the governments Austerity Drive has left a Deep Scars Youth Unemployment is at 40 percent the main partys leading in the polls promotes Stronger Economic growth as a way to create better paid jobs many of the young people whove managed to find work are only on flexible contracts. Now at
a time when breaks it has Many Companies rethink their presence in britain one of the u. K. Squint essential brands is banking on its home turf Jaguar Land Rover and says it will manufacture a range of electronic cars in the u k. Jack you are is known for its luxury cars and the new exchange has everything its buyers could want except a fuel tank jag your land rover says its going electric and the extreme is just the 1st of its models to be completely electrically powered the british car maker is seeking to move away from its reliance on Diesel Engines which buyers are shunning but its reliance on the European Market is another matter and the company said it had made the investment in the hopes a no deal breaks it could be avoided. I think were talking a longer perspective were absolutely demonstrating were committed to designing engineering and manufacturing in the u. K. I say whether its what were doing or the other aspects related to education. And for us its great indication that we have to be believe in investing in the u. K. The news comes after a turbulent few months for jack you are which announced nearly 5000. 00 job cuts in january unions are unhappy about its move to electric saying it could save thousands of jobs. This is fantastic news not just. The next generation of those that want to come into stable base and work in a fantastic industry. The plans come as a boost for britains car industry following announcements of Plant Closures from ford and honda. Electric scooters like these have become the new as trendy as form of transport in many cities around the world but recent reports of accidents and incidents of scooter rage have prompted calls for
authorities to take action now in mexico city where congestion is a major problem a debate about their fate is currently on the way. Aficionados say theyre revolutionizing urban transporters critics call them out blight on this street. The Electric Scooter Craze is Dividing Opinion around the world. Here in mexico city the debate is becoming especially heated a string of accidents involving the vehicles has prompted authorities to restrict the use to bike lanes and to impose a tax on operators. But the us hasnt been enough to prevent incidents of rage. When you find 234 of them lying on their sides so you set them back up so i dont know maybe a passer by knocked them down in anger fury. Complaints of poor cash include dividers leaving the vehicles in the middle of the sidewalk instead of
taking them back to the Charging Stations and even travelling against the flow of traffic but proponents of the environmentally friendly mode of transport say that behavior is the exception rather than the norm and that with Better Regulation electric futures could be the fast track to a cleaner less congested mexico city. From mexico back to europe and is considering drawing the curtains on as world famous brothels the mayor of the city wants establishment with windows displaying prostitutes to either shut down or at least close the curtains. All day and night saddams Red Light District attracts thousands of tourists every week but many of the sex workers it employs in its 330 brothel windows think the visitors arent paying them enough respect. They look but they dont buy complaints one worker and amsterdams new mayor agrees. Women maisha storage mothers me most is
the way visitors treat the sex workers are quite often large groups like Staff Parties or groups of tourists take photographs of the women they laugh at them and mock them these women are at work theyre vulnerable i find out so humiliating i dont find it acceptable and its given to think are among the changes shes considering is closing the curtains so that workers are no longer seen from the street another would be to move the Red Light District out of the city center altogether which would disappoint some visitors maybe they can control it in a bit in a way that we can minimize but there are things going out but i think its its its a shame really as i think the culture and. So we keep coming back saddam may have to choose between protecting its sex workers dignity and preserving its tourism industry. And thats it for this edition of doodle Good Business if you want more go ahead and check out our website at v. W. Dot com slash business. For me and the entire team thanks for watching and have a great job. I was issued when i arrived here i slept with 6 people in a room. It was hard. I even got white hair as the. Language. Based gets me and they go but you may be in trouble the fight you want to do their story. Its worth fighting. For margaret