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tv   Business  Deutsche Welle  January 28, 2020 7:30am-7:46am CET

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everything connected to jewish culture today researchers are searching for the missing works of art. it's challenging for the experts. and painful for the descendants. to sound. too dark the 3rd rush starts february turn on t w. it is contagious global stocks are taking a hit market concerns over corona virus is spreading around the world faster than the disease itself. also coming up will it be no way to quell way the u.k.'s preparing to make a key decision on its 5 g. network with the us watching closely. welcome to a business i want to johnsonville end good to have you with us. the death toll in the corona virus outbreak has climbed above 100 with
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a 1st case confirmed here in germany and as the number of countries confirming new cases continue to rise the financial impact is also spreading asian shares continued to their slide today although prices hit 3 months lows and china swan dipped to its weakest level in 2020 and some sectors of been hit particularly hard . the economic fallout of the coronavirus is being felt most acutely by the travel industry chap prices of 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 come saw 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 counseled. chinese authorities
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expect the crisis to impact 1st quarter economic growth. many shops and businesses in china's financial center shanghai have closed. it's a similar situation in suit a large industrial hope foxconn johnson and johnson and some song that based. the chinese economy had already been slowing last year its all the lowest growth rate for 30 years exports have suffered from the weakening global economy and the trade for with the u.s. . and other asian countries have also been affected as they rely heavily on chinese tourists over 140000000 chinese travelled abroad in 2017 but beijing has now banned all domestic and international package tours as it struggles to contain
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the outbreak. i want to bring in our market correspondent chelsea delaney is standing by for us in frankfurt chelsea germany's dax index took a hit today and that was even before it was confirmation of the 1st coronavirus case here in germany how serious is it. i think for investors the real concern here is that there still is a lot that we don't know about the coronavirus how it spreads how long it incubates sort of the interactions between people and how that helps it spread so i think there's a lot of fear because there isn't there's a lot of uncertainty surrounding the virus itself and that makes it hard to sort of calculate the potential economic fallout but i think at this point it is clear to investors that there is going to be economic fallout you mentioned the travel sector lots of trips being canceled airlines struggling with having to refund cancellation fees and things like that but the area where this virus is has been
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concentrated though the province it's called the chicago of china it's really a very important industrial for china and for a lot of international companies so it's a big hub for auto makers companies like renault and nissan so that they all will also be struggling with that with the quarantine and the shutdown there as well and that could really ripple across the global economy chelsea delaney there in frankfurt for us thank you so much. prime minister boris johnson has insisted the u.k. could involve she'll weigh in it's 5 g. network without compromising national security the british government is due to make an announcement later today about whether or not it plans to let the chinese company play a role it's a decision the u.s. has been trying very hard to influence. there's been no soft touch from the u.s. when it comes to the u.k.
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and huawei the white house has made it quite clear that once the chinese were frozen out of britain's 5 g. network. that considers the company a security threat and believes huawei could enable beijing to spy on the brits it fears that have 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 it will save protect our security interests and protect our key partnerships and other security powers around the. donald trump's administration has warned johnson's government that involving huawei and the network could compromise a post brags
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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. and on the subject of breck's that the united kingdom officially leaves the e.u. at the end of this weekend one of the big issues during the referendum back in 2016 was fishing rights but as you can see a sions on the future relationship between britain and its neighbors begin the e.u. may expect access to u.k. waters in order for britain to seek the concessions edge wants from the e.u. that's already talk of a looming fish for finance battle. 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 glint on the horizon but there are far fewer than when britain joined the e.u. in 1903. davey blames europe's fish sharing quotas boats from the rest of europe
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now take 6 times more from british seas than british boats do from european waters . as they learned the 1st catch of the day davey says he hopes that after brags that britain can net of bigger share all in fleets soon he has to go food when we leave europe we've got a little bit a bigger picture to get a better sustainable fishing for what would go to the. devil made these for us 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 therms 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 devil is once again. we're being we're being promised and promised and at the last minute the so you go in the middle because
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they've got news for you that hear them back in court last night's catch has been sold to a handful of buyers from the oh yeah they don't come here. 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 food was good to the european markets. so without access into those moments. it would really hit the industry hold. 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 label has made in europe is meant to imply solid work done under good working conditions but
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that's not the case in macedonia textile industry here dressmaker slaving away for incredibly low wages in facts compared to the cost of living these wages are often lower than in southeast asia compay notes have long force against unfair wages now international fashion labels are also starting to take a stand against substandard working conditions. around 1000 people work in the textiles industry in ship macedonia most of them women. hardly anyone more than the legal minimum wage of $200.00 here i was a month. which in terms of purchasing power is less than in bangladesh or china. christina on paper is campaigning for fat pay she worked as a seamstress for years but was fired for speaking out against low wages now christina is fighting in a different way funded by donations she set up
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a network called clothes and text elect meaning voice of the textile workers. of much of the car in the car i couldn't form a works council the workers didn't even know what that was or how employee representation worked the only option was to form a self-help organization to finally start fighting against the exploitation of female work because. they're not just badly paid them mistreated that pos just suffers from long hours hunched over they pretend dusty and the factories are too cold in winter and too hot in summer they're forced into unpaid overtime and compulsory weekend. catarina is a network member she's also a seamstress and reports back to christina about what's going on in the factories. that was a problem with the coworker who sat next to me the boss yelled at her because she
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don't we finished 3 pieces while i had managed to make 10 and he yelled at her make more make more what they post. kristina is trying to rally support for improved working conditions from government regulators employees and n.g.o.s from neighboring countries because the exploitation is endemic throughout the balkan states sometimes even at the expense of basic human dignity. to the workers and serbian factories were made to wait where diapers. grown up person there was a huge scandal that's really beyond any human rights. it's not just the activists who want to see change international fashion labels are starting to take a stand against substandard working conditions. in northern macedonia and supply a who's recently dropped from its only client german men's with.
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the reason for the we make certain demands about the standards we wanted to uphold like the regulation of stuff wages and the bottom line was this company didn't operate in line with all requirements for meeting someone for whom conform. olympia even gave the supply a study extra money to implement the improvements but nothing changed. which will likely spell an end to study pressure on the factories here is growing. and that is your business update here it's d w this morning for me and the team amber lyon thanks for giving us company.
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every 2 seconds person is forced to flee their home. the consequences been disastrous our documentary series displaced depicts dramatic humanitarian crises far from. forgetting i don't think i meant i didn't go to university to kill people. for their lives and their future so they seek refuge abroad but what will become of course who stay behind and simply.
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my husband went to peru because of the crisis that if he hadn't gone there we would have died of hunger. displaced this week. hello welcome to news from the world and culture we begin today with a topic concerning everyone here in germany at the moment the 75th anniversary of the liberation of the auschwitz death camp there are many events taking place around the world and also holocaust survivors are relating their expenses once again so that the world will never forget what happened on such survivor. friedland . at 98 years old margaret friedlander
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is one of the few remaining survivors of the holocaust. as a young woman she lived in this berlin apartment building with her family then the nazis murdered her brother and her parents her mother before she was deported to auschwitz left her message tried to live your life for a time and i managed to hide. mange. i owe it to the people who helped me. who didn't just look. when the nazis found her they sent her to the. concentration camp today she tells young germans her story. was like a huge experiment i know one question determined our lives how much can a human take.

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