In border get caught up in mexicos pledge to reduce the flow of pirates arriving in the usa. And vietnams 1st homegrown automobile hits the streets today courtesy of car maker been fast. This is v. W. Business im Stephen Beers in berlin thanks for watching. Its the Worlds Largest showcase for the Aerospace Industry this years Paris Air Show boast 2500 companies and expects more than 300000 visitors but theres also a bit of turbulence in the sector from trade wars to the safety concerns plaguing industry giant boeing. The smell of jet fuel is once again in the air around j. Its the Aerospace Industries biggest event both for military and commercial flyers and for air bust the ideal setting to talk about its next project a smaller long haul aircraft built with fuel efficiency in mind the idea making Long Distance flights profitable at lower capacities we can fly from North Eastern asia into south asia sapporo delhi for example we can fly from the middle east down to bali we can fly from japan and deep into a straight across the atlantic deep from europe into deep into north america and vice versa its a frontal attack on boeing which is also developing a plane in the same segment. Of buses archrival is in desperate need of a win its money making 737. 00 max remains grounded worldwide after 2 fatal crashes once focused on production of the highly sought after model boeing is now battling for its reputation were committed to learning from this and the teams working 24 hours 7 days a week to ensure that were meeting the needs and priorities of our regulators and our customers around the globe. France germany and spain use the air show to launch their next generation fighter jet project an air combat system that incorporates drones and satellites. Never has so much Political Uncertainty surrounding the bush a britains looming departure from the e. U. Could throw a spanner into the works of europes tightly integrated Aerospace Sector trade disagreements between the u. S. And europe pose another threat should the Aerospace Industry be sucked into a tariff battle bus and boeing could both suffer. And lets talk now to our financial correspondent in new york korda boeing is in a very apologetic mood doing some damage control as we saw there and yet the Company Shares took off today so whats behind that. There are some upbeat comments from boeing executives saying that overall for the industry in the next 20 years about 44000. 00 additional commercial airplanes be needed and they actually even could be a shortage of pilots so a good 800000 new pilots might be needed was in the next 20 years that it was this slightly better than recently. Addressed. That got the stock going boeing stock up by more than 2 percent. On monday the biggest winner in the Dow Jones Industrial average. And years of course i want to ask you about the world famous auction house being purchased by a french israeli billionaire telecoms and media group. And ill tie c. E. O. Patrick he offered 57. 00 a share making the deal worth 3700000000. 00 it will cease return to private hands after 31 years a Public Company traded on the new york stock exchange. Which is where yens is so why is it going private. Well life can be easier if you are not publicly traded company and with your Quarterly Earnings reports you do not have to tell the shareholders every 3 months so what to do and if theyre happy with your course if you have. The private money it can be easier and be more dynamic to deal with the challenges in the odd world them especially also was the big competitor christies so the stock of saw the b. s was up by almost 60 percent at this point 7000000000. 00 as you mentioned is a premium of about 61 percent to shareholders in support of their forests in new york thank you now its often said that business hates uncertainty exhibit a might be the american firms bracing for yet another round of import tariffs on chinese goods should they really engineer long established supply chains or wait for a resolution to the trade dispute other way theyre losing money and many are now asking the trumpet ministration for end to tariffs. For Many American companies this is one step too far the prospect of a 25 percent levy on 300000000000. 00 worth of Chinese Consumer goods has prompted the u. S. Chamber of commerce to call for idea taunt what words mean is rather than more tariffs than an escalation both sides need to come back to the table they need to get back to the point where we were you know roughly 2 months ago they need to finish this deal and if they finish this deal that will be good for both near term and long Term Economic growth particularly here in the United States the proposed additional tires could make a huge range of products including toys more expensive. Last week hundreds of Companies Including retail giant walmart wrote to u. S. President donald trump warning that a fresh levy would put jobs on the line and harm u. S. Economic growth and its not only importers that are worried agricultural exports have already been hit by chinas retirement retire of its certainly causing businesses to relook at their supply chain in their structure but thats obviously easier said than done right in many cases youre talking about long standing complicated supply chains relationships based on quality assurances and things theyve been worked out who are significant period of time you cant simply just pick that up and move it to somewhere else many are now hoping that the g 20 summit in japan later this month will offer a platform for a deescalation in tensions between the worlds top 2 economies over now to mexico where pressure from the United States has led to a tighten border with. Its affecting not just migration livelihoods take a look. A river on mexicos southern border on the other bank lies guatemala members of the National Guard are on patrol. Every now and then they check someones papers. Constantly pull up and dock until now people have entered the country without any controls. We have children when we come here to buy goods so we can feed them and you can survive. And now this issue with the migrants its really affecting us a lot because as you can imagine if they dont let us buy merchandise to be able to sell and the only source of income left for us here is the river. A many of us cant swim. That. The mexicans themselves the czechs make any sense the area the troops have to cover is too big and there are too few soldiers patrolling the districts so far. Let me guess you know no immigration control doesnt make any difference here what happened before with big groups coming over thats over now now you see 15 people crossing over here another 20 more over there they cross easily no problemo. On the reasons the migrants want to flee happen changed poverty and violence in central america. China has abandoned its case before the World Trade Organization to have n. T. Dumping levies on its exports dropped the decision means the asian power must accept the duties on its goods imposed by economies like the e. U. And us. Rules permit such taxes when state subsidies lower the real production cost of goods beijing has argued for years that its a market economy and deserving of the duties an official involved in the case says the chinese pulled out before the w t o could rule against them. And saying in asia a milestone for the vietnamese car industry today the 1st customer of local manufacture event fast is getting behind the wheel of the countrys 1st homegrown cars a venn fasces hoping to become the 1st wholly vietnamese car maker to challenge the International Heavyweights take a look. Lined up and ready to roll the vin fast padilla is the worlds youngest hatchback as the 1st rolled off the production line on friday there was excited anticipation about mondays deliveries to customers. The 1st of our cars have been gathered and 32. 00 official branches of in fast across the country in order to hand over to customers on the 75th year. Oh. And that moment has come to 17000. 00 deal is on the road then fast 6 factories all built in less than 2 years theyre expected to make a quarter of the nearly in vehicles during the 1st Production Phase rising to half a 1000000 a year by 2025. But entry into the market isnt without has it of in fast analysts have warned that quality conscious vietnamese drive is where e about trying a local brand they tend to prefer foreign products for high value items nevertheless vietnams prime min. Stays confident the brand can put its own stamp on the Global Automotive industry. Each car reflects the philosophy of its manufacturers country your ability of Japanese Cars the reliability of the germans the sophistication of the americans the skill of the koreans in fasteners to create the vietnamese identity on its costs. Theres still a bit of a wait until we see the vin fast the adorning cars on roads outside of vietnam the 1st exports are expected in 2020. And thats it for me and the Business Team in berlin im Stephen Beard its always fun its watching. A. Gentleman with. Any time place. You have the benefit of. Songs to sing along to download. From super. Nancy to do. A very kind of into active exercise is the talking about the devil you dont come slashdot action and im on facebook in the am still. Jammin for free but deafening. Roar. Its been 15 years since the moon landing. She was the 1st man to walk on the moon. As a small boy she dreamed of the stars. As a pilot she flew anything no matter how to dress. A church or go to the polls. As an astronaut she took part in the greatest adventure in history. And. The room a legend one simply shouldnt be in was neil armstrong. The moon was his destiny starts july 20th on t. W. Hello and a warm welcome to our arts and culture news a focus on Classical Music is our plan for todays show with a special guest american tenor Michael Fabiano will join me in the studio right after we see what else is lined up. Its a bicentennial year for romantic composer month and german greek pianist donnelly dokken pays her a fitting tribute. And for your Summer Reading list in our continuing series 100 german must streets before a romp through 1990 s. Berlin in the seasonally apropos novel summer night. Well its one of the most beloved all prisons around the very rigoletto the tale of the skirt chasing duke of mantua who seduced is the innocent daughter all of a court jester never fails to draw a crowd its melodious its tragic and never short on sexy which is why a new production is always an event like for instance the recent premier here at berlin state off with Michael Fabiano in the role of the duke. The
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