Tourist dollars. Recordook details the government fine against General Motors. Lets begin with the continuing crisis in ukraine. Ukraine says it needs an extra 4 billion in new capital to keep its ink solvent. How did they arrive at that figure . It is the solvency of banks. s a lot of those branches are not open. They are worried about the devaluation of their currency, down about 30 this year. I think that is going to be something people will have to deal with. Ukraine is scheduled to hold president ial elections on may 25. Just what is at stake . For any are big stakes president elect, lets be honest. They have to reset relations with russia. Also looking at some of the separatist regions east of the country. Asp. The dispute over this is a big issue between the two countries. Also the dispute over gas. Whoever the president is will have to deal with these things very decisively and quickly. Ukraine depends on russia for about half of its gas, as you just alluded to. Russia raised t
We are live from bloombergs European Headquarters in london. Also coming up, we test drive the scooter that is redefining vehicles. You could do with that today in london with the tube strike on. Have a super blend that is to be used as a spy craft, among other things. Alstom has approved talks with General Electric. It is keeping open the option of talks with siemens. , david, lets start with you. What exactly is ge proposing . Ge has been proposing that it takes over the Energy Business forlstom and leaves a rump alstom of the train business. Which would be a good thing for the french truffle business, the french train business, because it would have this wad of cash that would come from ge. Geswhat was interesting, comments that it would increase jobs in france of any company that it buys. Sense of who is ahead. It looks like alstom is ahead. Theyease the government, are keeping this was a slightly odd announcement. They are entering into negotiations with ge, but these negotiations
Sad thing for us. I apologise. Im sorry. It gets sold on for scrap metal. I am on a voyage to witness the last days of the jumbo jet and treats the pioneers that half a century ago, put this giant in the skies. The first giant 747. They buy an aeroplane this big would not fly. Symbol of power, beast of burden and shes carrying over 5 billion of us across the planet. Now is it in the production. It is with a heavy heart that we see this. Covid19 is written the final chapter. Covid i9 pandemic has decimated demand for air travel. Worldwide, these giants of aviation are parking up these giants of aviation are parking up many never to fly again. British airways is scrapping its entire fleet of 31 74 sevens klm, virgin and qantas also saying goodbye. We are not anticipating seeing particularly long haul passenger return out of 2024, 2025. There is not enough demand to justify the use ofa not enough demand to justify the use of a very large aircraft. Oil prices, imagine the 747 having few ye
The uk and ireland more than 5,000 jobs are at risk in the uk. Now on bbc news, 2020 was supposed to celebrate 50 years of the iconic 7a7 jumbo jet and mass air travel. Instead, covid i9 brought catastrophe to the aviation industry. For half a century, this 400 seat man made giant has roamed the planet. But the pandemic has now forced the jumbo jet to near extinction. This is the biggest crisis the Airline Industry has ever faced. And as they think about their very survival, the jumbo jet is just not part of that future. 50 years ago, the 7a7 opened up the world. Now, covid i9 is closing much of it down. As passenger numbers dwindle, this is the pandemic that killed the jumbo jet. As airlines shed thousands ofjobs, the 7a7 goes from flagship to scrap yard. Ive just delivered you to end your life and thats really sad thing a pilot. I apologised to one once, im really sorry. We just use the machine and actually chew the aircraft up, and it gets sold off as scrap metal. Im on a voyage to
The jumbo jet. 2020 was supposed to celebrate 50 years of the iconic 747jumbojet and mass air travel. Instead, covid 19 brought catastrophe to the aviation industry. For half a century, this 400 seat man made giant has roamed the planet. But the pandemic has now forced the jumbo jet to near extinction. This is the biggest crisis the Airline Industry has ever faced. And as they think about their very survival, the jumbo jet is just not part of that future. 50 years ago, the 7a7 opened up the world. Now, covid 19 is closing much of it down. As passenger numbers dwindle, this is the pandemic that killed the jumbo jet. As airlines shed thousands of jobs, the 7a7 goes from flagship to scrap yard. Ive just delivered you to end your life and thats really sad thing a pilot. I apologised to one once, im really sorry. We just use the machine and actually chew the aircraft up, and it gets sold off as scrap metal. Im on a voyage to witness the last days of the jumbo jet and trace the pioneers that