or layoffs just around the corner air berlin ground crews could soon be out of jobs what routes will remain how many flight attendants will still be needed in a few weeks or months press reports now say the bankrupt airline is dropping all of its long haul flights beginning october fifteenth. the situation for air berlin staff has grown precarious we don't know which jobs are really secure in the long term and we've been aware for a while that in ministration in technical staff in particular don't seem to have any future here kind of. that's why both unions and the airline are now demanding that german government set up a temporary employment agency as a safety net for air berlin employees left jobless after the dust settles they would be offered financial aid during a transition period while training for new positions in other words air berlin appears to be preparing for an undesirable outcome that the airline can't find an investor to take it on lock stock and barrel carving the carrier up is sure to cost many more jobs and staying in the airline industry or ryanair europe's larges

correspondent: but the destiny of air berlin is as before, up in the air. >> well, bankrupt air berlin trying to keep those airplanes in the air. ryan air is canceling up to 2100 flights in the coming weeks. the carrier claims it wants to let cabin crew and pilots go on annual leave so they can improve capacity and restore punch while the when the winter schedule -- punctuality when the winter schedule comes in to check. many passengers reacting with fury they had not been informed sooner. and bitcoin under fire, losing 12% of its value in one day. china has ordered all bitcoin exchanges to stop trading. they must present a plan to return money back to traders, beijing tightening regulations around the digital currency in recent weeks fearing instability from speculation. in new york, trading bitcoin has recovered, slightly. now for more, we will go over to our wall street correspondent. china is shutting down all bitcoin exchanges. tell us about the ramifications of this move. >> i mean, we do not have hard figures but there are estimates that actually china is roughly looking at abou

of air berlin flights myself by our company will they be air berlin i mean will the brand still exist in the next couple of months if it's carved up to the extent that it could be well then you and your one million euro questions i guess this is a question that many people are asking at the moment first there is this question if you know evelyn can even operate in the next days and weeks there are rumors that this credit you know offered by the german government might not even you know be enough and that they would have to stop their operation if you know the big carriers are called or even be a be a might get huge portions of air berlin i don't see the brand air berlin existing in the future ok as long as i know which plane to get on daniel thank you very much . the state of free trade agreement comes into effect today the deal aims to boost trade between canada and the european union it makes canadian salmon cheaper here by getting rid of import duties for example but it's not all good news in canada there's growing resistance to the fish farming industry especially among the countr

as air berlin's creditors make plans for the future of germany's second largest airline insiders say you could buy a big part but what about the rest. and ryanair is trying to manage its p.r. crisis after canceling thousands of flights but the causes of the cancellations are not flying anywhere. it's time for business and how you got to get us welcome to the show and please fasten your seat belts germany's flag carrier is reportedly in talks to buy a large chunk of air berlin it's considering a takeover of the insolvent airline subsidiary nicky spart of a bit to split up the bankrupt company air berlin remaining assets could go to easyjet and condor another big german airline the company's board of directors is due to discuss the offers and make an announcement later on now the decision i am berlin's future affects thousands of employees who far or fear rather each working day that the could be the last with the company. are layoffs just around the corner air berlin ground crews could soon be out of jobs what routes will remain how many flight attendants will still be needed in a few

they are reportedly hitting for air berlin. it has not been confirmed but it barely -- but apparently they would merge it with their logistics companies already running an airport in the east germany and relocate the airline if it should come to that. there are numerous bidders, lufthansa probably the most prominent one. lufthansa is already leasing 38 planes from air berlin. other bidders include a british low-cost carrier, easyjet, and several german entrepreneurs, some of which don't have a connection or little connection to the aviation industry. we will see on friday two of these has the most credible offers. gerhard: bidders are lining up everyone is criticizing the pilots. don't they have a point? christoph: the situation is the following -- passengers are aggravated because of these strikes because planes are not taking off. this will likely have a financial impact because every airline needs bookings, which means they need the cash spigot from people for service these people only use in the future. not knowing if your

we are not going to see anymore in the future the logo of air berlin on airplanes well daniel if you can put it in a nut shell of what this looked on so have the other stand. what i can tell you you know we're always talking about that interesting to take over air berlin and the reality is a lot of towns are group because what's going to happen that flight personnel and pilots are going to work for euro wings which is the low cost carrier towns are and in that area they are also not getting the same contracts and also not getting same salaries as personnel for example working for lufthansa airline my right and their corp in frankfurt thank you so much for the update on this. on standard and poor's slashed hong kong's top notch credit rating just a day after lowering china the ratings agency said the semi autonomous city has very strong institutional and political links with china as m.p. want hong kong could face a spillover risk because of the mainland ballooning debt load that is why many analysts consider lowering hong kong's rating by a notch as a natural step the ratings agency

but the air berlin disaster has its fair share of loses to not just the company's employees but also its passengers after all less competition in the skies will almost certainly hike ticket prices. asleep at the will that's what many accuse the germans of when it comes to. the chinese on the other hand said to be streets ahead but are motorists there electrified about beijing's plans. the sites may look rather humble but don't let that deceive you b.y.d. is the world's biggest producer of cars known as new energy vehicles or any viz in china. have any of these as as an important part of its strategy for city for sustainability so you see of all counties trying are playing a very important role in promoting any. china is the world's largest come market and the government wants domestic manufacturers to become market leaders in the mobility it's introduced a number of incentives in line with that goal in beijing for example e-car registrations are easy to get not so with diesels even with government subsidies though there's still a long way to go just two percent of chinese drivers own

this strike will cost money that air berlin no longer has. christoph: we asked our correspondent in frankfurt what he reckoned was behind this mysterious case of the flu. >> not the flu, that is for sure. the pilots are having sort of a rebellion. it is an illegal strike, if you will. they are protesting what they think is being planned with their jobs, especially the older, seasoned pilots. and of course it puts the job in danger. they make the most money, so anyone wanting to buy air berlin and 11 eight cost intensive units will be looking at these -- and eliminate cost intensive units will be looking at these pilots. it is certainly not good for air berlin's reputation. about 8000 passengers affected. and of course it also costs money when you cancel flights into have to pay pilots who call in sick but who were not working. it could work against the pilots in the end, of course. christoph: now we know what you're doing when you call in sick. brent: thank you very much. german prosecutors have called for a license for the member of a nero -

rumors are rife about what's going to happen to air berlin germany second largest airline is bankrupt and looking for a buyer an announcement is due monday right now i looked on that easy jet on thomas cook's condo are the front runners so are layoffs around the corner the trade unions are calling for action. the situation for air berlin stock has grown very precarious we don't know it's a moment which jobs are really secure in the long term we've been aware for quite a while that jobs for administrative and technical staff don't seem to have any future. that's why both unions and the airline are demanding the german government set up a temporary employment agency to act as a safety net for air berlin employees left jobless after the dust settles they'd receive financial aid and job training during the transition period another sign that the airline expects it won't find an investor to take it on lock stock and barrel. it's bad news for london on friday the city's transportation authority said it will not renew the operating license effective october first the regulators said it conce

it pulled out of bidding on it and correct air berlin. -- on bankrupt air berlin. the ceo wants ryan air to use the terminal as a hub. >> it is important everyone votes in favor of the referendum to keep the airport open. >> more bad news for ryan air. the european court of justice ruled a flight crew out of belgium should have its labor complaint heard in a courtroom in that country and not in the home base of ireland. the ceo that it would change costs at his company. -- the ceo without it wouldn't change -- vowed it wouldn't change costs at his company. >> the grenfell twoeower disaster. flames engulfed the high-rise in central london. we remember that image. 80 people died. the judge in charge of the hearing that got underway says he hopes to provide a measure of solace to the families. who wanted to find what happened and why. local authorities have been accused of failing to enforce safety measures. our reporter is in london tonight. ♪ >> a street piano in a makeshift meeting space opposite the tower block. neighbors feel any need to stick together. many wi

reporter: the bridge and loan is expected to last air berlin until mid-november. it will be paid out under strict conditions. it will also have to be paid back within six months. otherwise germany will have to explain to authorities its plan for winding down the airline. that obviously makes for time pressure in terms of finding a buyer for air berlin. lufthansa is widely expected to take over in the 70 of the 140 planes available as well as absorb around 3000 staff. there is also a motley crew of investors interested in air berlin, among them come -- them, a startup financer in berlin. he would restore them to their holiday carrier origins. helena: our financial correspondent in frankfurt. in u.k., staging their first ever strike over pay and conditions. workers in southeast london gathered at a restaurant as well as outside parliament. they said they are not paid enough and have urged other branches to join the action. some have described a new -- the move as the stork. -- as historic. back now to brent. brent: now for a look at how germany's most famous living

the situation for air berlin staff has grown precarious we don't know which jobs are really secure in the long term and we've been aware for a while that in ministration in technical staff in particular don't seem to have any future here kind of talk and that's why both unions and the airline are now demanding that german government set up a temporary employment agency as a safety net for air berlin employees left jobless after the dust settles they would be offered financial aid during a transition period while training for new positions in other words air berlin appears to be preparing for an undesirable outcome that the airline can't find an investor to take it on lock stock and barrel carving the carrier up is sure to cost many more jobs on my spine shares a surging again amid rumors of a merger the government said to be looking to shed its close to sixteen percent stake in germany second biggest landa the magazine here is reporting that burden would support to tie up between france's b.m.p. power comments about italy's unique credit is also reported to be interest in the german f

you're watching news the still to come on the program insolvent carrier air berlin announces negotiations with time sunday with the goal of selling off its parts of business meanwhile employees are hoping they don't get left behind. and iraqi kurds turn out in the millions for a referendum over in support for independence from baghdad we'll tell you why there's so much international opposition to that vote. coming back up to the german elections now what effect are they having on the financial world telling us or textbook economics of course to me where there is political uncertainty we can expect to see a knock on effect to the business community in the longer those talks over a new coalition government here in berlin well the more german business confidence stands to be shaken so it's no surprise really that companies here for a quick resolution and that's not the only thing business leaders in germany. voices and german industry have expressed support for a potential coalition between angle americans conservatives the free liberal democrats and the greens saying they're confident commo

and it's time to carve off the bankrupt carrier air berlin its creditors me to look at the offers bidders have put forward to keep germany's second biggest airline in the air. i'm silly so much going to thank you for joining us germany's chancellor has spoken out on the north korea crisis said she disagrees with the us president donald trump's military alter made him to north korea on tuesday trumpet told the u.n. that america would destroy north korea if it was forced to defend itself or its allies from the north's nuclear weapons program rakhal told in an exclusive interview that germany would be willing to assist in negotiating a diplomatic solution to the soaring tension. is the only way to solve the north korea conflict according to the german chancellor in an exclusive interview with g w hunger merkel spoke out in favor of multilateral negotiations involving international partners such as china russia and the united states even if this conflict is far away from germany it's one that also affects us that's why i'm prepared and this is the foreign minister to assume responsibility her

berlin if air berlin stops operations those coveted slots would be auctioned off but only airlines with a sufficient number of free planes for the additional flights would be eligible to bid. and of course we'll follow that story very closely to europe now where we know that with threats the talks not making any real progress financial markets worldwide are looking for guidance they found it on monday when bank of england governor mark carney discussed his central bank's interest rate policy at the i.m.f. meeting in washington and sent the pound sterling down almost one percent. rexx it is coming and while some politicians in the u.k. still try to paint this as a positive for the country most fear the road ahead at the i.m.f. meeting in washington d.c. bank of england governor mark carney said breaks it is likely to hurt britain's growth prospects in the short term for him the negative effects of bracks that are clear. any reduction in openness with the e.u. is unlikely to be immediately compensated by new ties of a similar magnitude with other trade partners and even if those new agree

berlin if air berlin stops operations those coveted slots would be auctioned off but only airlines with a sufficient number of free planes for the additional flights would be eligible to bid. greece is profiting from the strained relations between brussels and i'm corrupt many european holiday makers don't feel safe in turkey anymore and opt for greece instead as a result the greek tourism industry is booming but strangely enough very little of the revenue ends up as tax in states hoffa's greek authorities want to change that . on the greek island of santa rini a perfect summer is coming to a close perfect for a hotel is restaurants and store owners because tourist numbers have broken all records. over thirty million visitors in all of greece have boosted the economy which is experienced two quarters in a row of economic growth the greeks are profiting from vacationers fears of the political situation in turkey. but while the greek tourist industry is booming and the cash registers are ringing very little of it reaches tax coffers so to help the businesses remember to pay their taxes th

>> there is nothing to step into in the case of air berlin. it has gone for sale and we will be sold quicker than a three bed semi in london. they say you are employee -unfriendly. >> i do not think so in the case of early there. notany is a market we will act off on. it works backwards in some ways, aviation markets in all of europe. german consumers pay the highest fares and all of the eu and what is happening now with air berlin has been taken over by the town's a -- lufthansa. that is the german government theing after lufthansa, not consumer. which they should be. we're happy to be quite challenging of the mayor of increaseaying do not airport capacity and we're happy to challenge the german government to say ryanair for years was not successful or allowed to take over another airline. everyone has been sold to lufthansa quicker than a three bed semi in london. guy: the market in london is slowing down. alitalia?ing to get inthe next is the first week october. we have made a nonbinding offer. we're not interested in all the layers of mana

now you are familiar with this airline the bidding war around bankrupt german carrier air berlin is over seven officers are on the table the committee of creditors is making a preliminary decision today as to how to proceed ok what do we have german flagship carry a lot of times i want to get the lion's share of especially interested in those belonging to its leisure unit and long whole fleet let's remember evelyn suspends its long haul flight come october fifteenth looked as is also keen on getting the landing slots that come with those aircraft of course x. formula one champion nicky lauder also interested in nicky that's an airline that he founded in two thousand and three which joined. the ebeling group a year later he's made a joint bid to with thomas cook's german airline condo worth around one hundred million euros for thirty eight billion aircraft and last but not least easy jet to they're also reportedly hoping to expand its operations in dusseldorf a major hub for air berlin in western germany looking to acquire forty planes and then there is a group led by investor hans verbal

berlin that is according to local media reports citing insider sources and look tons is reported to be considered to be considering rather a takeover of the bankrupt airlines subsidiary that is nicky as part of a bid to cough up the company the reports say easy jet and condo are two split abil and remaining assets the airline now says negotiations will continue until october the twelve that's a bit longer than originally an ounce. this lady seems to be happy about a new i phone it is apple's latest i phone that heels hits the shelves today it is the i phone eight and it boasts a new display and wireless charging amongst other features excitement is high as usual but some apple fans are having qualms about the new release. and with that. up to date on all the latest business news thanks for keeping me company you can find out more of course on facebook and follow the twitter feed and i'll have more news for you in the next hour so see that. sustainable protection for the earth ideas designed to preserve our ecosystems they exist around the world. global ideas takes the next step prot

. >>> lufthansa is set to acquire the bulk of the bankrupt airline air berlin easyjet and condor are to take over the remaining assets. negotiations between air berlin's creditors and the bidders are expected to continue until october 12th, push back the original september 25th deadline ahead of the election at the weekend, chancellor angela merkel had this to say on the situation. >> many people here are considering what will happen to my job to be clear, there are pilots from air berlin that we've wished all the best to, like all people who would like a job and would like to keep it, we've shown ourselves accountable in relation to this, i believe. >>> once again, worrying news out of north korea the country may test a hydrogen bomb of an unprecedented scale on the park ocean. the comments come from the regime's foreign minister. north korean leader jim jong-un has promised to make a mentally deran deranged donald trump pay for his own threats. both comments come after the u.s. president said he would totally destroy north korea if the regime threatened the u.s. and its allies the

up the bankrupt company air berlin's remaining assets could go to easyjet and condor another german airline the company's board of directors is due to discuss the offers and make an announcement of money. and staying in the airline business ryanair has angered customers with flight cancellations that came out of nowhere now the company's chief executive said it was due to an error in planning the pilots' vacations but now we know there are far deeper problems with the airline ryanair is europe's largest carrier by passenger numbers but those might go down if the low cost airline doesn't deliver answers. the bad news first ryan air may be canceling even more flights at the start of the week the budget airline announced it will cancel forty to fifty flights a day for the next six weeks ryan air boss michael o'leary said this was due to errors made in the planning of pilot holidays. but at a shareholder meeting and dublin today a leary said he couldn't guarantee there would be no more cancellations hundreds of thousands of travelers are already affected the irlen is preparing for up to

berlin if air berlin stops operations those coveted slots would be auctioned off but only airlines with a sufficient number of free planes for the additional flights would be eligible to bid. with bricks it talks not making any real progress financial markets worldwide to looking for guidance and they found it on monday when bank of england to governor mark carney discussed his central bank's interest rate policy at the i.m.f. meeting in washington and that's and to the pound sterling down almost one percent . rexx it is coming and while some politicians in the u.k. still try to paint this as a positive for the country most fear the road ahead at the i.m.f. meeting in washington d.c. bank of england governor mark carney said breck said this likely to hurt britain's growth prospects in the short term for him the negative effects of bracks that are clear. any reduction you know openness with the e.u. is unlikely to be immediately compensated by new ties of a similar magnitude with other trade partners and even if those new agreements with other partners could be struck instantaneously the

berlin if air berlin stops operations those coveted slots would be auctioned off but only airlines with a sufficient number of free planes for the additional flights would be eligible to bid. fishing is big business in canada the north american nation exports billions of dollars of lobster crap and salmon every year but now a tiny parasite this one is threatening the entire industry aqua cultural businesses a scrambling to find a solution to a lousy problem. there are big fish weighing in that almost five kilos but a tiny parasite is mercilessly attacking them lice they attach themselves to salmon and feed on them rendering them useless as a food fish once controlled through pesticides sea lice have now grown resistant and new approaches are needed to keep them in check for farmers version farmers and this is absolutely a farming issue. and we're trying to deal with it the same way every other farmer that grows all over food what that means with all they have because this is about the very life they hold of the farmers and an entire multibillion dollar business on board the colby persia

berlin germany as a flag carrier is reportedly in talks to buy a large chunk of air berlin it's considering a takeover of the insolvent airline subsidiary nikky as part of a bit to crave up the bankrupt company air berlin's remaining assets could go to easyjet and condor the company's board of the rector's is due to discuss the offers and make an announcement on monday and will fall off and that of course now it's on to other news we've heard many times before charitable donations sometimes don't reach those who need the corruption is hard to tackle but a new technology called block chain promises absolute transparency to know where the money is flowing a pilot project of the german government will try the system next year hoping to put an end to corruption that hurts those most in need. the democratic republic of congo is rich in natural wealth the country has an abundant supply of compering gold and diamonds but after decades of colonial rule dictatorship and war the country remains impoverished more than three quarters of the population live on less than two dollars a day. for the past f

berlin is taking form the bankrupt airline stated after a board meeting on monday negotiations with lufthansa and easy jet are being held until october twelfth if you miss one interview in comedy. considering the difficult situation i'm relieved to say that after our negotiations we're on the way to achieving good job prospects for around eighty percent of our colleagues are terrible and then with our betters in. so fins and technical details will be thrashed out in the coming weeks and any final deal will need to be approved by european regulators at stake of the carriers one hundred forty least aircraft coveted landing and takeoff slots at german airports some prime berlin real estate and the livelihoods of thousands of employees easy jet is only interested in parts of the passenger airline while the town's a spade includes austrian airline nikki as well for sale she generates some three hundred fifty million euros two hundred million of which will come from love tons of that's good news for the german taxpayer because the one hundred fifty million euros in bridging loans provided

let us keep an eye on air berlin when it opens. matt. matt: mayor berlin -- air .erlin, only $.27 also fascinating for me this week, because i am in new york, the euro-dollar rate during the is one theuro index ecb will watch more closely. the euro-dollar has been a real point of consternation for mario draghi. year to date, -- a 14% gain. manus: if we had a bell, we would ring it loud. asia extended gains. you have the debt ceiling extended to christmas. asian stocks higher. autos, electronics, altered the market higher. the market is taking a breather from geopolitics. stanley fischer stepped down. does that mean you get a more dovish fed? he was a centrist. certainly not on the list. nominatel probably not him. this is the european opening. it is draghi day, dd. it is draghi's day. paris is up 5.3%. .3%. by i love this. the cost of one week call options on the euro are more expensive than the puts, and they are the most six pence of a in nearly one month. there is nobody that want to be caught on the wrong side of the draghi trade. ne

meanwhile bankrupt german carrier air berlin is continuing to shed routes from its edge will as the skies over europe grow increasingly turbulent on monday japanese prime minister shinzo avi proposed a major economic stimulus package to his cabinet that range of measures worth about fifteen billion dollars aims to boost productivity and education abi hopes the package will win over voters for the snap election he has now called after dissolving parliament this week. china is stepping up the pace on the electric cars front beijing is set a deadline of twenty nineteen for a plug in and hybrid models to make up at least ten percent of automaker sales creasy to twelve percent by twenty twenty official say the quotas apply to all brands that produce or sell more than thirty thousand cars a year in china manufacturers who fail to reach the targets will face fines and other penalties. us president donald trump has presented his long awaited plans for tax cuts among the objectives is a reduction in income tax primarily to lower the burden on middle class households another major change is a big b

berlin jet with eighty eight people on board overshot the wet runway and came to a standstill about fifty meters away luckily no one was injured in the incident but the passengers and crew had a rather long walk to the terminal. and we'll leave you now with some very cute pictures of some very cute panda cubs from china's sichuan province the oldest is five months and the youngest just to i'm abby quite often matt herman will be with you at the top of the hour thanks for watching. nationalists are on the rise what were required to make your country great again that is their slogan their focus put your nation first i am taking going straight to highlights different shades of nationalism and to find out what this nation mean to you.

brent: air berlin's supervisory board has given the go-ahead for further talks with lufthansa and easyjet, giving hope to employees whose jobs are on the line. correspondent: the bank of berlin stated that negotiations with lufthansa and easyjet are being held until october 12. >> considering the difficult situation, i'm relieved to say that after our negotiations, we are on the way to achieving good job prospects with our bidders. correspondent: technical details will be thought out in the coming weeks and any deal will need approval from lawmakers. easykejet is only interested in parts of the passenger airline. the sales and should generate some 315 million euros. that is good news for the german taxpayer because the bridging loans provided fo --provided by the german government can be paid back. brent: u.s. president donald trump said north korea's leader would not be around much longer. north korea saying it has the right to take countermeasures and stating the u.s. has in directly declared war on the country. she is on wall street. comments from north korea have made some investors c

assets however air berlin's attempts to sell itself suffered a setback yesterday when a number of pilots failed to turn up for work >>> coming up on the show, sterling has hit a one-year high against the dollar ahead of the latest uk unemployment figures we'll bring you those key numbers after the break. prevagen helps your brainough n and actually improves memory. the secret is an ingredient originally discovered... in jellyfish. in clinical trials, prevagen has been shown to improve short-term memory. prevagen. the name to remember. chances are, the last time yoyou got robbed.an, i know-- i got a loan 20 years ago, and i got robbed. that's why i started lendingtree-- the only place you can compare up to 5 real offers side by side, for free. it's like shopping for hotels online, but our average customer can save twenty thousand dollars. at lendingtree, you know you're getting the best deal. so take the power back and come to lendingtree.com, because at lendingtree when banks compete, you win. do i use a toothpaste that whitens my teeth or... ...one that's good for my teeth? now i don't

number of companies including lufthansa and easyjet have confirmed their interest in air berlin ♪ let's get back to the german elections, just a few days away, german chancellor ank gela merk remains silent over the future of her finance minister. speaking at schauble's birthday celebration yesterday, merkel praised him for his service and said they're fighting together to win the elections annette is in berlin the key question in berlin is will he stay or will he go what's the talk on the ground? >> well, actually it's increasingly unlikely that he will stay. that's the talk on the ground given that traditionally the smaller coalition partner can pick a ministry of his likes traditionally that was always the foreign ministry now there is a clear conviction among all the martiy parties, was wrong to leave the cdu to angela merkel's party. it could still be amerimerkel's negotiation power in the end will yield another year for w f wolfgang schauble, but what is clear is that his job is in danger there are many other themes as well we have some voices from the ground to give you an overvi