tv Business Deutsche Welle January 29, 2020 11:30am-11:46am CET
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everything connected to jewish culture today researchers are searching for the missing works of art it's a challenging for the experts. and painful for the descendants. to someone. to dart and the 3rd brush starts feb 10th on d w. keeping colleagues appox as germany discovers yet more cases of coronavirus businesses have begun to 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 new but is directed left it a quick look at something no it isn't. and 1st steps towards ending the global massacre of billions of day old male shapes killed purely to say for money but
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germany is reluctant to change. welcome to do business when it concerns good to have you with us german companies are restricting business trips to china after 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 chloe off automotive supply of the vast store who allegedly caught the virus from a chinese colleague. look at any window in will her on then 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. for a focus i think they were trapped is a little extreme like the government of necessary precautions to try and contain it as soon as they were able to german chancellor angela merkel was in will hand in the fall opening a factory owned by german automotive component make of
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a bastow an employee of that factory travel to very 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. i limited my thinking see up office and more of our employees are dealing with the situation very professionally call me 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 when 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 to telecom s a p unfreezing years are also in. as well as other automotive suppliers. besides closing its german plant for now but buster has also halted all company travel to
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china for the next 2 weeks. toyota has become the latest in a long list of companies halting business activities in china due to concerns over the spreading coronavirus now several major global players have restricted or halted their business in the country apple facebook and starbucks are among those to limit their operations british airways have suspended mainland chinese flights while furniture maker ikea joins t.-o. to temporarily close in operations more than $170.00 people have already died as a result of the deadly virus. as cross over now to hong kong where i'm joined by wolfgang indeed a market chief representative german industry and commerce there good to have you with us so we just heard some big brands are pulling out of china or closing factories temporarily what a german companies planning to do. or because.
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they are not calling all of china to take a similar precautionary measures as you just mentioned from the international growth that's exactly the same situation with the junk open use of course those holes in the rules and regulations extended his holy days and those moments of february so that his or pretty much the same business community is doing now hong kong is of course you as the gateway to mainland china that's why there's so many companies financial services very big there now british airways and some of the airlines have suspended flights to and from china hong kong itself suspends trains ferries crossing the border that pretty much cuts off hong kong from business in china. you know you're right that is a serious situation and the opposite of being. a strict since you're just mentioning it but it's not a case if you're totally cut off you can still come into your own call even from
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the mainland it's more complicated of surveillance is more restrictive but still you're not completely cut off but i don't want to play it down yes there will be negative effects on the already to do business with me china. there's still it's still early days when it comes to this new coronavirus but other any lessons lent compared to cyrus which happened almost 20 years ago yeah definitely there are a lot of lessons learnt are seen that the sas biros was obviously more aggressive. measures to do a even bolder and they are quicker and with sas and cause a lot of trust were travel restrictions based on recommendations this time it's really bold decisions taken by the government and so i would confirm yes lot of lessons learned well that's good to know but then you're not trying the german
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industry and congress in hong kong thank you so much for your time all the best thank you. 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 prime minister boris johnson wants to wrap up to go 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 $155000000000.00 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
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growth is in steep decline companies and investors of 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 for us and of frankfurt and chelsea so are german our european companies prepared for brics it. despite the fact that it's 2 days away it's still very difficult for companies here in germany in europe to make any sort of long term preparations for access 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
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define the relationships between german and german businesses u.k. piston says and really the trading relationship there so i think intil in told 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 it's likely it's going to be 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 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 human crotch. well the market reaction has been as been very dramatic as you mentioned especially since they shut down the main source of this outbreak in china but over the past 24 hours then a bit of a bounce back and global stocks stocks in the u.s.
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rose stocks here and germany were 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 quantify the financial impacts given it's unclear how how much further the virus is going to be spreading around chelsea do they need their reporting for us from frankfurt thank you and was staying with finances the german finance ministry knew about the risks of the financial scandal come fake father earlier than it previously acknowledged and that's according to various german media reports the so-called fake affair run on similar lines to the massive scandal now that involved traders claiming billions in tax refunds not to do to them according to t.v. station w d r
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n 2 german newspaper. the ministry concealed e-mails showing it had knowledge of the scheme as early as 2012. it's an uncomfortable fact that in the global poultry industry around $6000000000.00 chicks a kilt each year a female chicks to become egg laying hens but males are all from small chit now from 6 to ban the practice of systematically culling male chicks but it remains a practice here in germany. millions of one day old chicks are sorted by gender in plants like this every year all over europe the females are sold to be raised and exploited on poultry farms the miles are killed on mass either gassed or put through a shredder for years animal rights groups are forced to end the practice now france's agriculture minister has announced that it will be phased out. we're going to lay
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down the rules and we have to go through the legislation but for now what we're 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 ministry of food and agriculture and the supermarket chain river group have developed technology that allows the sex of the chick to be know and before it has 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 culling 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. brazil's antitrust regulator approved boeing's deal to buy the majority of arras space
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manufacturer embraer the u.s. plane maker wants to take over its jet division to compete with europe's airbus in the market for planes with less than 150 seats the deal still needs to be approved by regulators insurer boeing and andrea have been in discussion with the european commission since late 2080. and that is your business update here on d w for me and the business team in berlin thanks for keeping us company. the
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says of. songs like don't go away stay with us for all time. the sound the phrase. welcome to news from the world of awesome culture we'll be talking about a song off film festival today. also coming up. an exhibition in munich center breaks to 100 years of chad design from the pioneer of bentwood tono . and meet sound office peter king 5 news collecting the sounds of you. the sundance film festival in the american state of
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utah has been 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 scott rush for i will be here in a minutes to talk about 3 documentaries from him that 1st a look at them starting with hillary clinton. i provokes strong opinions and 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 all rights are women's rights and women's rights are human rights and that women presenting the film at sundance with director nanette bernstein clinton said she hoped the movie would make a difference. we've got.
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