General motors announces massive cuts in north america more than Fourteen Thousand jobs are set to be axed as the Company Seeks to close factories in ohio michigan and canada as ontario and plans a shift to next from ability also on the program after a shopping craze of black friday and cyber monday we visit a shop with a less frenzied approach and trying to meet europe at the Hamburg Summit here in Germany China says its increasingly open to european investors but they say they are having a harder time to do business there and it stinks so badly its bad in many Public Places but the jury and its also known as the king of fruits that the chinese are developing it takes. Im Christopher Caldwell welcome to the program u. S. President trump is quote not happy with the announcement car giant General Motors made earlier on monday g. M. Said it plans to layoff more than Fourteen Thousand factory and white collar
workers in the United States and canada and put five plants up for possible closure g. M. Said the move was in response to increased Cost Pressure and waning demands for traditional sedans now it wants to ramp up resources for electric and self driving vehicles the company also said tears on imported steel imposed earlier this year by the Trump Administration have cost it One Billion Dollars so far. For more lets bring in our wall street correspondent yes quarter here let me just give this quote to you by General Motors mary barra she says were right sizing capacity for the realities of the marketplace nevertheless Fourteen Thousand jobs that sounds like a pretty hefty response. It certainly is but g. M. C. Old mary barra also said that the industry is changing dramatically in the past two years g. M. A. Clearly had record profits but says she wants to act out of
a position that is still strong and she does not want to wait to kill the industry is turning sore and theres no question about it that us americans are not too crazy about smaller size vehicles is the industry is changing rapidly with cars sharing Services Tender specially also was low Gasoline Prices here in the United States and thats why thats why g. M. Believes they have to act now all right so jim might adapt to changing marketplace here nevertheless President Trump says hes not happy about this news and after all he promised to increase Manufacturing Jobs what were seeing is quite the opposite. Now certainly and also some other measure from the u. S. President you mentioned it earlier the tariffs on steel and. Heard Companies Like General Motors even if mary barra did not say that this is the reason why theyre
doing this restructuring well it is certainly a painful process but g. M. Is also not alone other carmakers like ford or chrysler earlier have shifted away from smaller size kills but certainly there is fierce opposition from the u. S. President from car unions and also from employees with General Motors and scored in new york thank you. A solid one eighty from siemens its Chief Executives are traveling to saudi arabia for a conference hosted by state owned oil company around cope the visit comes a few weeks after public pressure over the murder of journalist Jamal Khashoggi from to see mens c. E. O. Jewel case or to pull out of a saudi investment invent Infrastructure Giant is a major contractor in saudi arabia its currently building riyadhs new Subway System and is on target for further contracts in the future is even a spokesperson said casey is due to meet only Aramco Representatives but no
government officials. One hundred billion pounds a year by twenty thirty thats what brags it will cost the british people according to a new study commissioned by Group Calling for a second referendum it sees a number of economic blows in the u. K. s future if it goes ahead with its divorce from the e. U. They include drops in trade Foreign Direct Investment and overall g. D. P. To the tune of around four percent for. Christmas can be a stressful time particularly when it comes to picking the right presents for the loved ones often times you spend your hard earned cash on on wanted Novelty Socks and unreadable novels and special stores in london and new york however you can buy things that people really need so lamps tents food and other things that make a real difference in someones life someones life for a refugee. No no these people arent lining up to grab
a black friday or cyber week bargain theyre here to buy Christmas Gifts for refugees and homeless people. The pop up store in london is the brainchild of the help refugees charity. Visitors can come here to shop their hearts out here one sees pencils for school bags. And basically you come in and you buy the fact they like to share with you leave with nothing but just have a real feeling of warmth and love and we will make sure that that life is to live it took us. Somewhere where we where we are right celebrities like actress Julia Roberts support the cause by wearing choose love t. Shirts to help refugee slogan. Publicity has helped the charity raise over thirty eight Million Dollars since starting up in twenty fifteen. April winfrey which recently will be t. Shirt to be a. You know weve had. A t. V. Presence. Is yes its amazing to see and i think you know it really feels really inclusive which is to say. Everyone working in the store is a volunteer on the shop come sprint free help refugees says all the money it takes in goes towards products the refugees in the middle East Latin America and europe. With no prospect of a resolution and china is ongoing Trade Dispute with the United States beijing is seeking to strengthen ties elsewhere including here in europe but that relationship hasnt been without its obs and downs either and right now at the annual Hamburg Summit here in germany chinese and european leaders from the world of business and politics are hoping to smooth out some of the issues that have divided them in the past. China meets europe the focus of this annual gathering has always been on
finding Common Ground but this year with the rise of u. S. Protectionism looming over proceedings the hot chicks taking place here appear that bit more urgent former german chancellor Gerhard Schroeder seen here on the left had this to say about how american policy was changing the shape of europes economic ties with china. Because. The mines i think we need to cooperate for free and fair global trade is not influenced by what is currently coming up from america. One must fight for the preservation of an Export Nation is that means free and open markets and not to allow yourself to be told who youre allowed to trade with and whos your last this tendency towards this kind of extra analyse on the side of the americans is a big problem for an Export Nation like germany and europe we need to take a common stance against this and to do that we need partners among them is china
theres no question about you know she you know is kind of. Europe turning to china in the fight against u. S. Protectionism a pretty remarkable pivot towards a country thats itself been accused of not being open for Business Chinese Industry Leaders are presenting it as an opportunity. So based on the current Trade Situation as in china need to be closer to the European Countries European Companies and to end the stand better about the European Market so this is a very good card for europe and china need each other and the stand each other to Work Together better. But however strategic the alliance may be old tensions remain Foreign Companies doing business in china still complain about the difficulty of competing with domestic firms backed by what critics see as market distorting
government supports. Some people love them some people hate them and china cant get enough of them were talking about during the Southeast Asian food is prized for its sweet flavor and banned from many hotels and public transport due to its pungent smell nevertheless Mainland China has developed a taste for recently leading to an export boom so out the reach. Of oil the victim put them in a stew. Durians have long been a staple in malaysia and thailand. But now residents of Mainland China like these tourist from shanghai have developed a taste for the socalled king of fruits and suchlike that value it has a fresh and sweet flavor that makes you feel like youve arrived in the tropics sound i think its a really good idea because ive never had this kind of theory of hot pot in shanghai perform sizes here i think more and more durian products will be welcomed by consumers in the future. Durian products are already starting to flood the
market last year exports of durian to china rose by fifteen percent to Three Hundred Fifty Thousand tonnes worth around half a billion euros. Sales has gone up five times compared to fast five is so i foresee the mon is going to be more. Here in malaysia durian plantations already cover Seventy Two Thousand hectares. And many farmers are abandoning Palm Oil Cultivation to help see chinas demand. I havent dared to drive on so far maybe doesnt change the future thats it from us for now if you want to learn more about their stories go ahead and visit d. W. Dot com Slash Business and of course you can check out our social media feeds at facebook and twitter im krista program for me and the entire team thanks for watching. The money. Coming. From a. Commitment. To a. Story
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