zero point four percent in the first quarter of the year that s twice as much as the previous quarter and unemployment fell to its lowest levels since two thousand and eight it s now hovering around seven point seven percent although that s higher in some countries like greece see. profits european airplane maker air bus fell eighty six percent during the first quarter of the year that s true to a number of factors including the ending of the a three eighty super jumbo program after years of losses the german government suspension of defense exports to saudi arabia resulted in a one hundred ninety million euro loss. high rollers pro players champagne and convertibles those are some of the things that come to mind whenever monaco is mentioned but now europe s gambling capital wants to bet big on something else sustainability that is. monaco is pretty but it s also bursting at the
his state. official figures show the eurozone economy expanded by zero point four percent in the first quarter of the year that s twice as much as the previous four and unemployment fell to its lowest level since two thousand and eight it s now hovering around seven point seven percent some countries like greece a much higher. profits and european plane maker air bus fell eighty six percent during the first quarter of the year as you do a number of factors including the ending of the a three eighty super jumbo program after years of losses the german government s suspension of defense exports to saudi arabia resulted in a one hundred nineteen million euro loss. disappointing figures from google s parent company alphabet it fell short of revenue forecasts for the first quarter syndicate shares down nearly seven percent in premarket trading the tech globe and
the company flirted with a joint project with rival boeing before starting work on the a three eighty in two thousand and two production was carefully divided across the e.u. the wings in the u.k. the landing gear in spain assembly in germany and finishing in france billions of euros in government subsidies kept things moving and angered rival boeing the final product brought volume to the airlines they could pack in more than eight hundred fifty passengers in a single flight if the market increasingly demanded the opposite smaller twin engine planes that could fly directly to their final destinations like the boeing dreamliner or airbus is a three fifty the massive a three eighty travel between hubs as competition grew across the industry and margins tightened unsold seats in the a three eighty became even more expensive for the airlines. emirates was said to be the only airline that could operate the jet on the necessary scale as late as last year it seemed the airline might keep the
comfort space and for the quiet ride but airlines have been cautious about committing to the costly double decker planes and in the end they just weren t willing to pay the massive price tag to own the flying b m of the a three eighty had troubles from the start including tensions between airbus is french and german management and protracted production delays and cost overruns those prompted a company restructuring that cost thousands of jobs after can t just cancel orders and emirates cancel thirty nine the company says it will simply put an end to production of the a three eighty by twenty twenty one. mike as your own from date of your business is with us hi monica the airbus an airbus scrapping of the a three eighty how big of a blow is this well for one if you see the headlines we carry the headline and to every big broadcast. scraps a three eighty that s not a nice headline so it s a blow to the image definitely but it s an even bigger blow in financial terms of
us invested billions of euros there s talk of some twenty five billion euros in the development of the super jumbo and despite that hefty price tag that we just heard about almost half a million euros per aircraft it didn t make a cent on the a three eighty so financially that wasn t a very good idea and then of course there s the impact on jobs the possible impact because there s talk about possibly three and a half thousand jobs being cut by this or affected by this but also said already that the but the naacp for its small a mid-range and very successful a three twenty s. . so big that those jobs can possibly be shifted within the company so that s good news at least at the silver lining we mention that pilots and passengers love this plane it was a big technical achievement as well why wasn t it a financial success well. it s a bit like with the dinosaurs it s really is science you had there s these impressive numbers there and they are impressive but they were not very popular try