A profit from seemingly incompatible industries but thats all changed so its going to shrink operations down to three profitable core businesses aviation power and health care practically Everything Else will be sold off to the tune of twenty billion dollars and flannery is also slashing the dividend only the second time its done so since one thousand thirty eight the eighth biggest dividend cut in its history will help g. E. Avoid a cash crunch. Its of course a big topic and we want to discuss it with our financial correspondent on wall street sophie she mounts the sophie hi good to see you youre at the New York Stock Exchange where weve seen these reactions eight percent thats actually a very big loss is it that investors are really not betting on g. E. s future. Yeah well that is quite a strong reaction i mean the company is one hundred twenty five years old has a quite diversified portfolio if not fragmented so focusing and streamlining doesnt sound bad in order to restructure a huge company like g. E. And the long term and coo healy this is the main concept behind the streamlining cutting costs in the short term to improve long term growth and yes that might mean that twenty eighteen is going to be tough but the stock of g. E. Has been down forty percent this year alone anyway so no one was really happy with the performance of g. E. Before that at before the new c. E. O. Came out with this massive restructuring so making g. E. Smaller and easier could help growing g. E. In the long term and Something Else that could potentially help g. E. Is that generous tax cut in Donald Trumps tax reform weve seen some movement there. Yeah totally i mean the underlying idea of the macroeconomic theory behind terms plan is a typical trickle down supply side one meaning helping businesses to save money by paying less taxes is going to trickle down to the American People thats what they hope as companies are going to create jobs and raise wages maybe invest and trump is by far not the First American president to think that way regen and bush had the same concept but the only thing that america saw happening was the income gap between poor and rich getting bigger mostly because even the president cannot force companies to spend their money on the American People so both the senate and the house of representatives have laid out their plans so now it is on them to vote for these plans and i think its going to be a really difficult thing to get through with this tax reform because they dont know. How to find a consonance on these topics so. The York Stock Exchange thanks very much for this analysis. And speaking off tough projects the reason mais meeting with European Business leaders this monday must have been rough businesses in and outside of the u. K. Are getting increasingly agitated they see that negotiations are going nowhere and not knowing how relations between the u. K. And the e. U. Will look like in the future they are demanding answers if only life was as easy as these demonstrators in the center of london was saying on monday. Dec sixth its not a good day oh its never too late for the best Prime Minister to resign million agrees but the country is still hurtling towards braggs it on the twenty ninth of march twenty ninth teen with no deal. Nervous European Business groups who came to see mrs million downing street are known to concerned with one thing damage limitation they want the British Government to back down so the country doesnt fly over the end of a cliff on b. Day. Weve made it clear towards the e. U. Commission and the British Government that it is in our interest to avoid one thing the cliff. At the end of relations between Great Britain and the European Union you can avoid that if you want to avoid it and we hope we bolster their will to do so today in britain. But the clock is ticking and theres little more than hope right now what will happen to the many cross Border Companies how many jobs will be lost to reason you cant say when the Automobile Industry parts are delivered from one country assembled in another and then exported on to foreign markets many of these cross border transactions could be subject to british import tariffs in the event of a hard break that they could come to over two billion euros for german products so far britain and the e. U. Have not found much Common Ground but if that doesnt change soon the u. K. Could lose a lot of investment some of the big banks have already begun moving their stuff from london to other financial hubs like frankfurt. Corporate news now and germanys Largest Airline last tanzer says it will increase Domestic Services by a thousand new flights a month and also promised cheaper fares areas have gone up since last where a big part of air berlin and now bankrupt airlines with flights frequently booked out of tender says thats because waiting until brussels approves the take over until then it cant offer what were originally air berlin flights resulting in bottlenecks and high prices of towns as even with jumbos between berlin and france. And a peruvian farmer has successfully appealed a german regional courts decision claiming damages from wood germanys Biggest Energy companies are w. Eat he blames them for Climate Change now the judge said in his decision that the planning is eligible for damages but has to prove is responsible for that. The man who some say could challenge Climate Changes traveled over ten thousand kilometers from his hometown in peru to hamburg germany sound. Comes from high rise in the peruvian andes the villages threatened by melting glaciers that could potentially cause severe floods destroying crops and leaving thousands without a place to live lou you know once those responsible for Global Warming to pay for a dam to protect his village his first time get is germanys energy giant w e. He accuses the utility of significantly contributing to the problem with its Greenhouse Gas emissions. And they do but most that nothing has changed in the peruvian mountains the glaciers keep melting its only getting worse. But succeeding in the courts isnt easy new years lawsuit has already been dismissed in the District Court in essen where our w. E. E. E. Has its headquarters the company argued that place is melting in the andes cant be traced back to its activities since many other agents like cars and planes could also be causing Climate Change. Lou your hopes his appeal will now convince a higher court and eventually force those who he thinks are threatening him and his people to help alleviate the damage. To the philippines now which is now the worlds number one and call centers thanks to a young and sleek west generation. A Graduation Party at the university of the east in manila. Ryan barn lawn is here with his mother she raised five children all by herself and. I cant describe the happiness ive worked very hard to make a good education possible ryan has been working hard since his father died. In order to pay for his studies as an electrical engineer ryan has been working evenings in a call center for five hundred thousand students who graduate every year the outsourcing industry creates work and away up the career ladder. Like its been since the were in the years now. At night groggy workers turn up to the call center. There be anything else that i can assist you with. Midnight in manila is lunch time in the us where the customers are good. If they have any problems with the product they can call twenty four seven they get help from people in manila like ryan barlow on he wants to be an electrical engineer the night shifts are wearing him down i go to work at night and then i go to school in the morning and many dont know how i have done it but its you know i need. The outsourcing industry generates over twenty two billion euros and employs over a Million People in the last decade alone the industry has grown by up to thirty percent and makes up eight percent of the countrys g. D. P. Manager my loose of us john is proud of her workers they have this and but they they are able to turn it around from an i recall or they turn it into making failed. Mary shelleys santos works in a call center to the filipino extended family works like a security net for the difficult working hours shes living with her children her parents and her aunt. And just got sick last week. They were. The breadwinner in the family. The well. She earns three hundred eighty euros a month at the call Center Double the minimum wage for mary shell santos who dropped out of school its good pay. The philippines over six Percent Economic Growth but one in five lives in poverty the call centers are fueling development the International ConsumerProtection Agency says employees over six hundred people to support the back office. We get this process on an admin level so that. When the business lines are in the field you will be able to concentrate on other areas to improve their business well. Young filipinos invisible heroes of a booming industry thank you that was thank you for joining us until next time take care of my. Among us and if youre doing something you feel passionate about then it doesnt feel like john. Every journey begins with the first step and every language the first word i looked into the cohesive germany. Was assessed why not. Its simple online on your home aisle and free. Stuff for. You learning course you could speak german. Crime fighters the new season of radio crime thrillers begins. Domestic violence cyber. Human trafficking for investigative cases that will keep you on your toes try to fight a series of the best idea ever so