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tv   Business  Deutsche Welle  January 29, 2020 7:30am-7:45am CET

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discovered. subscribe to w. documentary on you tube. debate about the. keeping colleagues apart as germany just got us yet more cases of coronavirus businesses have begun limiting trips to china also coming up 2 more days to go then it's time to say goodbye to britain as a member of the e.u. that is brics it worth it a quick look at some figures says no it isn't. down to 1st steps towards ending the global massacre of billions of day old male chicks killed purely to save money but
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germany is reluctant to change. welcome to do business want to johnsonville in good to have you with us german companies restricting business trips to china off to germany had its 1st cases of corona virus 4 have now been confirmed all in the southern state of varia the very 1st involved and employee of automotive supplier we had bastille who allegedly caught the virus from a chinese canid. look at any windowing will hearn and you won't see much happening on the streets this couple hasn't left home for 6 days and their supplies will last them for plenty more so they don't feel trapped. a focus i think they were trapped is a little extreme like the government to necessary precautions to try and contain it as soon as they were able to german chancellor angela merkel was in will hand in
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the fall opening a factory owned by german automotive component make of a bust of an employee of that factory travel to her bustos headquarters in bavaria last week the employee was diagnosed with the corona virus upon return to china the patient apparently infected one of her colleagues while in germany. a limited i think you can see a prophecy more of our employees are dealing with the situation very professionally we've been in close communication with them since yesterday and as soon as we have more information we'll pass it on to our employees they appreciate that kind of openness and transparency it's often hard on plants patterns dozens of german companies are located in one hand and the surrounding region wholesaler metro is installed testing devices in 4 of its locations dr telecom s a p and frizzy in years are also in. as well as other automotive suppliers besides
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closing its german plant for now but buster has also halted all company travel to china for the next 2 weeks. for more i'm joined now by our correspondent in typee sue. i mean a foreign companies we just heard they avoid trips to china now what is the situation right now in mainland china. well monica the situation is getting much worse with china's already slowing economy because this public health crisis is taking place during china's peak travel season so the transport sector sees huge losses and the travel restrictions also have impact on tourism and retail and many factor in across the country according to some experts the facts of the seize control policies. grow slower by as much as 4 percentage points in the 1st quarter and the lock down within cooled a province could also depress the national g.d.p.
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by as much as $1.00 percentage points and now the chinese officials have extended the holidays from today to sunday in order to reduce the mass gatherings and in order to block the spread of the virus so we could as fact longer and more serious impact to come i see it of course taiwan has a very close economic links with china but it imposed restrictions on chinese how will this help stop the virus from spreading and what's it doing to the economy. what we do not know the impact of this epidemic on tower and yet but what we do know is that the 4 the 8 confirmed cases right now in taiwan are all related to men in china as a disturbance sold the measures the restrictions on china's investors are measures that must be done however just as you mention because of the close ties of the 2 sides there are around 2000000 people living and working in china and besides
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towers the largest airport handles around $46500000.00 passengers in 2018 it is the seventeen's busiest airport in asia so some analysts believe that china's pressure in on these international organizations like i see it all means that the civil aviation authorities of one of the pieces the airport in this region cannot receive up to date information on a show and i see old effort to counter this virus so that's how a virus spreads or a difficult situation there. stay safe and thank you so much for your time. apple has posted record results for the final 3 months of last year net profits hit an all time high of $22000000000.00 helped by record quarterly revenue i phone sales rose for the 1st time in
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a year the company says it also saw its best ever revenues from wearables and services apple shares jumped on the better than expected earning report. germany's state owned rail operator dog should buy on has refused to delivery off 25 double deck trains built by counted as bombardier due to manufacturing defects sources say that the main problems with the on board continue to systems which was said to crash regularly the rail operator had ordered $42.00 into city trip to trains from one body which makes them at sites around germany the measure is part of a $80000000000.00 euro push to revamp the railways over the course of 10 years. right that's it on friday the 31st of january britain will leave the european union and talks about the future relationship will get underway there's not much time british
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prime minister boris johnson wants to wrap up negotiations by the end of the year most experts agree that's unrealistic and that's bad news for the british economy just take a look the decision to leave the e.u. has already cost the british public around 155000000000 euros by the end of the year this figure is expected to rise by another $85000000000.00 and that means brics it is about to cost britain around $240000000.00 euros more than the entire sum the country has paid into the e.u. during its membership in the bloc that's according to bloomberg economics the u.k.'s g.d.p. has already fallen by more than 3 percent since the brics referendum and economic growth is in steep decline companies and investors are feeling insecure and spending has also been falling since the referendum to those similar to what we saw during the financial crisis well what's it like on this side of the channel let's cross over to our financial market correspondent chelsea delaney who is standing by
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for us and frank fidget chelsea so are german our european companies prepared for brics it. despite the fact that broke that is 2 days away it's still very difficult for companies here in germany in europe to make any sort of long term preparations for exit because they don't know what the relationship between the between the e.u. and the u.k. is going to be once the u.k. leaves the e.u. on friday they're going to be in a transition period for 11 months and in that period that's when they're really going to start hammering out these really difficult issues about trading relationships about tariffs quotas and all of these things that are really going to define the relationships between german and german businesses you kate this isn't really the trading relationship there so i think intil until businesses have a clear sense of what the trading relationship is going to be like what kind of agreements they're able to come to if they're able to come to an agreement within the 11 month period which a lot of people don't think is likely it's going to be
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a lot of uncertainty for businesses and we all know that markets in particular don't like uncertainty and on top of that we now have the coronavirus scare we've seen in the last few days that huge sell off investors are fleeing to safe havens is this possibly an indication for a crutch. well the market reaction has been as been a very dramatic as you mentioned especially since they shut down the main source of this outbreak in china but over the past 24 hours there's been a bit of a bounce back and global stocks stocks in the u.s. rose stocks here and germany rose as well so i think investors are sort of reassessing their risks but we have seen indications that this is going to have a global economic impact something companies like starbucks are warning of significant financial impacts due to having a close stores and things like that but i think for now it's really hard to
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quantify the financial impacts given it's unclear how how much further the virus is going to be spreading around chelsea delaney there reporting for us from frankfurt thank you. staying with finances the german finance ministry knew about the risks of the financial scandal colm fake far earlier than he previously acknowledged and is according to various german media reports the so-called fake affair ran on similar lines to the massive make scandal that involved trade just claiming billions in tax refunds to do to them according to t.v. station w d r and german newspaper the ministry concealed e-mails showing its knowledge of the scheme is 2012. it's an uncomfortable fact that in the global poultry industry around $6000000000.00 chicks a kilt each female chicks ridge to become hands but males often civil
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suits now france is set to bomb the practice of systematically culling male chicks but it remains the practice here in germany. millions of one day old chicks assaulted by gender in plants like this every year all over europe the females of soul to be raised and exploited on poultry farms the miles are killed on mass either gassed or put through a shred up for years animal rights groups are forced to end the practice now france's agriculture minister has announced that it will be phased out. level would if you see we want to lay down the rules and we have to go through the legislation but for now what we are asking all the stakeholders to do is to put an end to the culling of milder chicks by 2021. here in germany the practice is still widespread 45000000 mile chicks are killed every year germany's federal
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ministry of food and agriculture and the supermarket chain river group have developed technology that allows the sex of the chick to be no and before it had the eggs can then be destroyed before the embryos develop fully but the country's top administrative court ruled in june last year that the chick calling could continue implying that the embryo testing was not commercially viable that's despite the fact that no kill eggs are already on sale in hundreds of outlets in germany. and that's a business update here in g.w. for me in the team thanks so much.
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the smart way to get your. mobility show every week w. . welcome to news from the world of culture we'll be talking about the sundance film festival today also coming up with. an exhibition in munich set up rights 200 years of chad is signed from the pioneer of bentwood. and to me sound off to peter king who's collecting the sounds of you or. the sundance film festival in the american state of utah has been
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a platform and springboard for independent filmmakers for over 40 years now and this despite efforts from the big hollywood studios in the past trying to muscle in on its film expert scott rush for i will be here in a minutes to talk about 3 documentaries premiered that 1st a look at them starting with hillary clinton. i think i see i see i provoke strong opinions i think she's one of the most divisive figures in american politics brought to the adored and hated in equal measure this new documentary series zips through the political and personal life of hillary rodham clinton polarizing us are women's rights and we have.

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