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tv   Business  Deutsche Welle  January 27, 2020 10:15pm-10:31pm CET

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so rob watch will be up next with the business to tell you about the virus and the markets for the heavy rocks. what secrets lie behind the discover new adventures in 360 degree. and explore fascinating world heritage sites. double your world heritage 360 get enough now. surely this meter just shows the 1st such breath shows. the lucid.
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smart way to get when you're going. through the global auto and mobility show every week w. . it's proving contagious malkuth concern over the corona virus is spreading around the world faster than the disease itself will ask why. will it be no way to swallow way the u.k. is preparing to make a key decision on its 5 gene network if the u.s. watching very closely. this is data we have business on robots in belin. as the number of countries reporting cases of corona virus continues to rise the
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financial impact of the outbreak is also spreading around the world many markets saw stock prices plummet on monday and some sex as they've been hit particularly hard. the economic fallout of the coronavirus is being felt most acutely by the travel industry chap prices of our lines like look tons of fell dramatically on monday following a drop in bookings to him from china the uncertainty is too great for tourists and business people many tour operators have counsel that look bookings. millions of people would usually be on the me for chinese new year but travel within china has been much harder this year. all long distance bus connections from pudong shanghai international airport have been cancelled. chinese authorities expect the crisis to impact 1st cool to economic growth many shops and businesses
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in china's financial center shanghai has closed. it's a similar situation in suit a large industrial hope folks call on johnson and johnson and some sun that based. on the chinese economy had already been slowing last year it's still the lowest growth rate for 30 years exports have suffered from the weakening global economy and the trade war with the us. other asian countries have also been affected as they rely heavily on chinese tourists over 140000000 chinese travelled abroad in 2017 that they has now banned all domestic and international package tools as it struggles to contain the outbreak. well let's bring in our financial correspondent in new york on this yang's quarter. we've been seeing the dramatic effect for china but we've also seen the impact on markets elsewhere on the day haven't way. we
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clearly have and we live in a connected world i'm a lot of foreign companies are doing business with china and in china but also if you look at china it's the biggest consumer of oil for instance so we also saw a shop reaction on oil prices but also on copper the wall street overall the dow jones industrial average lost a good $450.00 points and was that that was the worst the trading day since october nobody can really tell you what's going to happen and how the developments will be with the coronavirus meaning we have a lot of uncertainty and uncertainty is never good for global markets and therefore we had this harsh reaction all over the globe. and what sort of companies specifically have been hit by this. well as you already mentioned we certainly see some sharp losses when it comes to the travel industry some of the
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big u.s. airlines dropped 5 or 6 percent in value of the same is true for the big hotel chains but also fast food chains like a mcdonald's for example or the coffee chain starbucks among the bigger losers and then also chinese stocks that trade on wall street the biggest losses are we can see the reaction on chinese markets because they're close for now for the chinese new year but those stocks the chinese stocks their trade here on wall street were among the bigger loser so it was a pretty broad range and then also because you know operators for example u.s. because you know that operated as well in china also saw some steep declines so the impact not contained to china quarter in new york thanks for your update. now this week the world athletics governing body is expected to give its verdict on the hyper advanced nike footwear now being used by runners nike vapor fly
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running shoes have enabled athletes to put in stunning performances leading some to call them a cheating device that's why they're now facing potential competition. at the end of october last year running in the chicago marathon bridgette course guy broke taller at klif 16 year old women's marathon world record. her feet came barely a day after earlier kip george became the 1st man to run a marathon in under 2 hours while competing in vienna. what those athletes had in common with their running shoes nike vapor followers. nike says the shoe which retails at $250.00 helps propel the company to record 2nd quarter sales last year the shoes have a curved carbon fiber plate embedded in a thick layer of lightweight foam giving a massive boost in efficiency with the latest scream in the quest for sea purgative
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human performance has also become an ethical bone of contention. i know. where i would argue that is a problem is that that shoe is against the current rules of the sport and that's where the problem lies and so. and the consequence of that a we've been warning about of some time is that eventually what we're going to see in the sport is going to be a race between the manufacturers war all in the race between the athletes however even if a competition ban is implemented which side will juggle could resist smashing their own personal best time simply by forking out a bit of extra cash for some trendy runners. now prime minister boris johnson has insisted the u.k. could involve way in it 5 g. network without compromising national security the british government is due to
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make an announcement on tuesday about whether or not it plans to let a chinese company play a role as a decision the us has been trying very hard to influence. there's been no soft touch from the u.s. when it comes to the u.k. and huawei the white house has made it quite clear that once the chinese firm frozen out of britain's 5 g. network. it considers the company a security threat and believes huawei could enable beijing to spy on the brits it fears that if british secrets become compromised so can those of its allies including the americans british prime minister boris johnson now believes there's no cause for alarm. there's no reason why we shouldn't have technological progress here in the u.k. consumers businesses in the u.k. to have access to fantastic technology fantastic communications but will say protect our security interests and protect our key partnerships with other
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security powers around the. donald trump's administration has warned johnson's government that involving huawei in the network could compromise a post bragg's a trade deal between the u.s. and the u.k. the british prime minister's decision will be watched closely by is allies across the atlantic. there's been no soft touch from the u.s. when it comes to the u.k. and huawei the white house has made it quite clear that once the chinese firm frozen out of britain's 5 g. network it considers the company a security threat and believes huawei could enable beijing to spy on the brits it fears that of british secrets become compromised so can those of its allies including the americans british prime minister boris johnson now believes there's no cause for alarm. there's no reason why we shouldn't have technological progress
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here in the u.k. . business is in the u.k. to have access to fantastic. now the u.k. officially leaves the e.u. at the end of this week and one of the big issues joining the referendum back in 2016 was fishing rights as negotiations on the future relationship between britain and its neighbors begin we could soon know whether the promise of plentiful fish for brits can actually be kept. dawn is still hours away when davy and his crew set off from north shields in northeast england the lights of all their fishing boats lent on the horizon but there are far fewer than when britain joined the e.u. in 1903. davey blames europe's fish sharing quotas both from the rest of europe now takes 6 times more from british seas than british girls do from european waters. as they learned the 1st catch of the day davey says he hopes that after brags that britain canet of bigger share of all in fleets surely has to go food when we leave
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europe we've got a bit look at the bigger picture to get a better a sustainable fishing for what would go to. the other main these for the. fishing crews like davies account for less the north point one percent of the u.k.'s economy but for an island nation like britain they are a symbol of independence. bags of tears even staged a fishing flotilla on the fans ahead of the 2016 referendum on e.u. membership since then though a lot of the promises that negotiations would be easy have proven over confident davey worries politicians are promising a pot of gold that isn't there the trouble is words. were being promised and promised and at the last minute the so you don't know because of goodness. back in court last night's catch has been sold to a handful of buyers. don't you know i'm not coming here ok
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most of these fish are exports to europe making some wholesalers worried that any trade dispute could be damaging on a local level here in north shields probably 60 percent of the wood good to the european markets would only do so without access into those moments that would really hit the industry halt. the use trade chief has already suggested fish are up for grabs saying fishing rights could be the price of british access to european financial markets and a choice between this tiny industry and the vast city of london britain's politicians misako face the economic minnow in a bid to steer the wider economy away from the rocks the be.
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i'm in. one of the richest countries on earth. but every year around $700.00 women die in childbirth or shortly after most of them are african-american. why are their risk factors so high. mama's gone to heaven america has lost mothers. in 60 minutes we.
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how songs come cases of history. songs like that don't go away they stay with us for all time like. the to the sound of fresh starts february 7th. will you. this is the news africa coming up on the program africa is on the high i let the crew and i'm virus has already killed dozens in asia and across africa measures are being put in place to prevent that deadly virus spreading. also coming out. it's a tale of loyalty on resilience this taxi driver and his caught up in patna school 20 years and there's no stopping them. under we meet a nigerian artist whose unique way of painting history is bringing up.

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