Skip to main content

tv   Business  Deutsche Welle  January 28, 2020 11:30am-11:45am CET

11:30 am
connected to george courtroom today researchers are searching for the missing works of art. to challenge for the experts. to paypal or to decide. to solve. the dart and the 3rd brush starts of your return on d w. it is contagious global stocks are taking a hit as market concerns over the corona virus spreading around the world faster than the disease itself. also coming up at midnight friday britain exits the european union but it won't be a happily ever after moment of the news chief negotiator on the show about a new he warns it's time to face reality. and the negotiations about the future relationship between the u.k. and europe could begin as soon as next week and they could prove to be somewhat
11:31 am
fishy which tell you why. welcome to a business i want to get jones and good to have you with us the death toll in the corona virus outbreak has climbed above 100 with 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 all prices hit 3 months lows and china's swan dipped to its weakest level in 2020 and some sectors have been hit particularly hot. so the economic fallout of the corona virus is being felt most acutely by the travel industry chap prices of lines like look tonsil 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.
11:32 am
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 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 suture a large industrial hope foxconn johnson and johnson and some strong a 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
11:33 am
tourists over 140000000 chinese travelled abroad in 2017 but beijing has now banned all domestic and international package tours as it struggles to contain the outbreak. of a more i'm joined by fry of economists at pantheon macroeconomics in london so every day life in chinese cities from shopping to traveling has pretty much ground to a halt how big an impact will this paralysis how far on the chinese economy. but the economic impact is very serious at this stage in terms of like the deadly illness of the disease our main kind of point of reference has to be of course the outbreak of outbreak of sars in 2 $1003.00 and thankfully experts at this stage bill think that it's less deadly but in terms of the potential for the spread there are still some serious concerns there and certainly the way in which the chinese authorities are endeavoring to keep this this virus contained understandably will
11:34 am
have is having a major impact on the chinese economy beyond the point of people deciding to stay at home not going out to restaurants not taking our travel voluntarily the lunar new year holiday has also been extended by 3 days which is a massive dent on production so it goes beyond just services the reporter was saying there's also been shanghai which is just a couple of provinces over from where the outbreak has has been centered they've decided to close companies for i think an extra week after the after the chinese new year and also sujoy which is a very important kind of technology hub supplying major global companies as well in the u.s. and korea they've all decided to undertake further kind of voluntary shutdowns so it's a very big impact and i think certainly it will impact on q one g.d.p. it's difficult to see exactly what that impact will be we have our own estimates of
11:35 am
chinese g.d.p. precisely for these types of events which thankfully don't come around too often but on our estimates it looks like we will actually see a contraction in chinese quarterly growth in q one and growth has been somewhat sluggish already before that and just very briefly what about the other regions in asia how are they impacted by this. well there's the can of the 2 channels there's the services channel with shutdowns of travel and carves curbs on travel both by the chinese authorities and by both or it is in other countries but the most directly impacted are those countries or those regions $110.00 hong kong and macau which which have the huge bulk of of of movement between the mainland and these these areas but also places like thailand that's the most experienced in terms of
11:36 am
the number of people of tourists japan and then on the production side as i've mentioned this was something that wasn't quite so important last time around nor indeed was the services element of it and around it seems to be much more important to ride and the supply chain of course not to forget about that on friday which their chief economist clancy macroeconomics in london thank you so much thank you. a look at some other business stories making news around the world. brazil's antitrust regulators approved boeing's deal to buy the majority of air space manufacturer embraer the u.s. plane maker wants to take over empress jet division to compete with europe's airbus marketable planes with less than $150.00 seats the deal still needs to be approved by regulators. from a bro martin scray levy the imprisoned pharmaceutical executive is now being sued by the federal trade commission and the new york attorney general's office is
11:37 am
accused of using anticompetitive tactics to maintain a monopoly over the drug. became infamous for jacking up the price of his company's life saving drugs by 4000 to 6. promise of r.'s johnson has insisted the u.k. could involve way in its 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. 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
11:38 am
no cause for alarm. there's no reason why we shouldn't have technological progress here in the u.k. . businesses in the u.k. to have access to fantastic technology fantastic communications but also protect our security interests and protect our key partnerships with other 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. and relations to those allies across the atlantic will be important pretty soon because in just 3 days' time britain will finally leave the e.u. almost 4 years after the 2016 referendum vote yet this is far from being the end of
11:39 am
the affair in the coming weeks the e.u. and britain will begin negotiations on their future relationship with u.k. prime minister barak's jumps in insisting that britain will leave both the customs union and the single market and intends and a difficult period of negotiation is expected things are mates even trickier by the fact that stores johnston says he wants the anti any go ca sion to be concluded by december. gives us about 11 months tough talks ahead and fishing rights could play a crucial role they were a landmark issue during the breaks and referendum particularly for those wanting to leave the e.u. . but the e.u. may expect access to u.k. waters in order for britain to secure the concessions it wants from the e.u. as ready talk of a looming fish for finance at. dawn is still hours away when
11:40 am
davy and his crew set off from north shields in northeast england the lights of other 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 want. as they learn the 1st catch of the day davey says he hopes that after brags that britain canet a bigger share all in fairly soon he has to go 1st when we leave europe we've got a little bit a bigger picture to get it but i still have a vision for what would go to. the other main 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
11:41 am
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 once again. we're being moved we're being promised and promised and at the last minute those of you don't know little because of goodness any of them back in court last night's catch has been sold to a handful of buyers. oh you know i'm not coming here i'm content 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 would goods to the european markets don't lead. to 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
11:42 am
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. and according to you could prime minister boys johnson there are exactly 11 months left in order to sell it on those issues well that is your business update here on d w you can always find out more online at www dot com or you can follow us on twitter and on facebook for me on the business team in berlin thank you very much for keeping us company.
11:43 am
hey there i'm david and this is climate change brags it's sad. happiness in 3 books. for you. to get smarter or free. in the. climate change. or so.
11:44 am
much most people. want to do years do they have their future. w dot com african american cities the one thing to get. clear to. alow welcome to news from the world of awesome 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 that many events taking place around the well and also holocaust survivors are relating that experience is once again so that the world will never forget what happened on such supplied is ma gottfried landa. at 98 years old margaret
11:45 am
friedland 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 feed and i managed to hide. mange to fit i owe it to the people who helped me out. who didn't just look away. when the nazis found her they sent her to the concentration camp today she tells young germans her story. tesing step. is easy and.

37 Views

info Stream Only

Uploaded by TV Archive on