tv Business Deutsche Welle January 29, 2020 2:45pm-3:01pm CET
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as bad omen for the rest of the year what they call a black. exchanges of. the coronavirus is devastating business reliant on chinese from the mainland but it's still keeping many workers on its toes in the absence of guests at the luxury marco polo hotel in the epicenter of the outbreak staff have taken to exercising together in the lobby to stay active. but the rapidly spreading outbreak is having a profound effect on all kinds of business in china. in the capital beijing of the 1000 kilometers north of normally bustling streets and shopping areas are eerily quiet. coffee shop chain starbucks is temporarily closed 2000 outlets that's huff of all its shops in china. british airways and lion air of suspended all the direct flights to mainland china for the
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immediate future. several of the world's largest companies have taken similar measures apple has a major presence in china it is restricted employee travel to the country and closed one store facebook is also restricted nonessential travel and advised workers to work from home toyota has closed down all production until february 9th in china. has closed down its store and adjusted to opening times at about outlets across the country with more than $130.00 people now dead as a result of the virus and around $6000.00 cases confirmed worldwide things around likely to return to normal for businesses any time soon. as i mentioned one country after the next is closing its border to china the virus isn't as deadly as for ebola but this is shutting off the world's 2nd biggest economy a reporter kyoto has traveled
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a lot for the region what does that mean or what would it mean if china is totally isolated from the world economy i mean a lot of economists actually fearing of their g.d.p. is going to contract a lot that actually happened in 2003 during the thoughts outbreak as well especially with all of the factory shutdowns that are happening at the same time in a way it's not a much more globalized world and it was in 2000 certainly so there are a few occasions are going to be much bigger probably especially if you look at what kind of companies are producing in china like foxconn for example for i phone tourism is going to be one that's certainly going to be hit all those tourists all those chinese tourists and certainly markets around the world are now dependent on them definitely domestic tourism is a big thing in china but especially overseas tourism everywhere you go you basically see chinese tourists and they're actually the biggest spenders on tourism worldwide i mean yes the numbers speak for themselves especially regions around
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china vietnam thailand japan they're being hit a lot i actually read that one japanese took company got 20000 cancellations package tours here from china it's going to be quite a hard quarter definitely at the same time you've got these hubs jaw closing down shanghai. and regions around china say hong kong macau taiwan all really depended on workers from the mainland and people buying this products definitely i mean i just went to my call last year and basically this entire city lives off of chinese high rollers wanted to spend their money on gambling there so that's one shut down now as well and it's a ghost town. look at the shares from galaxy entertainment it down 5 percent sans china down 5.6 percent you would have seen the jewel. down by 8 point one percent they have branches all over macau hong kong throughout the
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region exactly those other losers but they also went to actually so health care companies and their stocks are skyrocketing actually one japanese manufacturer i looked at this thoughts and i was just going like this and then all of a sudden it just went through the roof because everybody's buying them off the same story for china health group they're up 280 percent is out pretty amazing stuff you're doing thank you very much. well demand for protective masks is surging as the virus spreads many places have run out others jacking up prices officials of slap some stores with fines for overcharging customers. standing in line for a little extra protection surgical face masks are flying off the shelves in pharmacies and they're for sale on virtually every street corner with parts of china stricken by the corona virus people are looking to protect themselves at any cost i think it is not
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a problem often cause it is the problem of the party because right now what the drugstore. it is just to live with so you know you have the house is totn at. high prices have some chinese citizens looking for masks in places further away but even in tokyo many shelves are empty how my friends buy from that stand my family leave. in china that's a very expensive. one little. more than 100. years or more she her. life. with airline and bus travel partially shut down and repeated government warnings of further contagion the coronavirus is a real boon for some mask manufacturers. sales fell last week or about 3 times as much as the previous week and if you go on a year on year basis sales have doubled even though last year we had
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a big case of influenza. so while some mask makers are counting their profits the rest of the economy could be in for a rough ride according to one japanese economist. market value of course there are some positive affects on masts and other retailers selling things to protect yourself against the virus but on the other hand there is negative affects for every nation related companies for railways and focused medic makers the chinese tourists usually like. as for china the government has already warned that the coronavirus will impact the country's gross domestic product and add to current economic worries. another setback for the us campaign to stop china's wild way from building 5 g. networks over worries of spying e.u. is urging member states to screen supplies for security risks but it stops short of
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any bad. the european commission says member states should consider banning high risk 5 cheat acknowledges suppliers from its most sensitive assets but stopped short of naming china's huawei the companies that global market leader and 5 g. technology which in turn is considered crucial for the digital future increasing connection speeds and possibly revolutionizing medicine agriculture and energy grids 5 she will make a positive difference says margaret divest aga the european commission's executed feist president and digital economy chief but only if its networks could be secured the european commission is asking member states to assess the risk profile of 5 g. suppliers and apply restrictions when necessary whether or not that's the case one way remains to be seen. the e.u.'s decision mirrors measures approved by the united
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kingdom on tuesday both the u.k. and the e.u. a falling short on demands by the united states for a blanket ban for the chinese firm but still works on cyber security at the work business school is this a win for can you just clarify that 1st of all. well yes obviously they have managed to retain some market share within the u.k. so the carrier that is always child's govern the set is 35 percent maximum market share ownership which restricts their revenue generation from it but it is a way in from their point of view tell me is safety really the main concern here is that what's at play. well there is the political issue around the american the chinese markets and intellectual property the critical issue here is about saudi security is really the other call and the concern over this is in betting spyware
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ensue all we combined some all saying that's happening now and so there's a double edged sword here where the americans are pressurizing governments not to use this technology for security reasons but in my far even in the u.k. they've assess the risk is manageable as long as it runs out so it is a core that works what does that mean manageable i mean should we should we be worried that europe is pushing ahead with this. well no because to some degree yes because saab securities risk is already escalating with false persistent threats a p.t.s. is a cold and we have ransom where we have malware trojans and all the lexicon of attack so regardless of which supplier years are going to have these issues the question around the hallway is the surveillance about ways of attacking the network and one of the things is if you keep the venda out to feel that one that's one less problem to worry about but the attacks are already going on so the issue here is
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just going to be racial game and invest inside of protection so this is to save issues wrapped into one issue the much just tell me where all the other event is where the alternative supplies what's happened to nokia to ericsson. yeah well obviously those are european ones and the reality is all that nokia has been very successful using western techniques to acquire this thing called trucks with governments all over the world very successful in the number one in market share and they raced ahead the irony here is that they've they've beaten the americans if pains to the 5 key rice i often call them the tesla of telecoms which is probably slightly overplaying it but commercially we just got to look for all time this is we see what does governors over the side as well as the 35 percent restriction of the market as over the next 2 to 3 days in the european union there will be gulled sanish his for private public partnerships across the union bloc of countries it
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will take time but if we can regulate this and manage this is possible. from the work business will thank you very much. and you just coming in before we leave aircraft manufacturer boeing has reported its 1st annual loss in over 2 decades the lengthy grounding of a 737 max after those fatal crashes has drag down revenues the company reporting a $1000000000.00 loss in the last quarter and a $636000000.00 loss in over the full year boeing also estimates additional costs of of a $9000000000.00 for now. by doing business with it. markets
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we could start rewriting the software of sample bacterial cells. we're not creating life rafts were the right of way you have programmed for all the software or even all of a cell we can redesign them they'll have different properties i don't ever pollute the world will begin. changing the amino acid copies or the folks who could give us better attrition for example so of using fossil fuels. to bake plaster. because i have ordered those sample size molecules of the length of the fake left we're just learning this is going to feel.
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more. this is did every news live from berlin nations started back to eating their citizens from the city at the center of the corona virus outbreak chartered planes taking people home to japan and the u.s. have already left other countries are planning similar operations meanwhile the number of confirmed cases jumps to almost 6000. also coming up u.s. president unveils his mideast peace plan alongside the israeli prime minister in washington it would hand israel control of more disputed territory one reason the palestinians in.
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