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tv   Business  Deutsche Welle  February 7, 2020 5:45pm-6:01pm CET

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the corporate carnage continues financial markets in asia and europe a back down today infected by the coronavirus china has delayed announcing monthly exports of all the figures the good global trade as a whole is taking a hit the world's top contain a line is have all dramatically reduce traffic to china airlines and entertainment outlets are on high alert all closing temporarily hong kong airlines is slashing 400 jobs and asking remaining staff to take unpaid leave the comic is a feeling of pain the world's most productive auto factory owned by south korea's he on day is stalling jus to a lack of components from china and japanese clothing chain uni clothes has temporarily closed half its $750.00 stores in china due to the outbreak which also poses a major logistical challenge to feeding the nation. walk into a beijing supermarket and you will see shelves well stocked with groceries as these pictures from state television show the chinese capital is well catered for and
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prices are stable no need for panic buying here is the message. naturally people are unsettled by the coronavirus and cautious everyone is wearing face masks but the government is aware of the need to keep the food supply regular it's a stability issue people who don't have enough to eat get restless and want to buy food prices a box of eggs here costs around $5.00 euros which is expensive by beijing standards in the countryside there a scene straight out of the propaganda pictures of the cultural revolution the fields are flourishing on the farmers are busy bringing in the harvests in vegetable markets in her face a city of 8000000 people officials are confident of course they are. but the transaction volume of vegetables is 2000 tonnes every day and the prices are largely stable. transport appears to be working fine even in the central quarantine zone in who bay province. here the streets are deserted only the
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transport of medicines and groceries is allowed in the cordoned off cities. reports of empty shelves are rare. in the middle of the country is the transport hope for the whole of china including lhasa in far away to bash the homemade handles on the way to the since january 30th we floated 3 to 5 trucks a day with 9220 tons of goods. this all fits with the government's official stance stocks will last for at least another year to people who believe this as long as their needs are met. there's panic buying in hong kong rice noodles make toilet paper lines along residences snatching up whatever they can get their hands on his shoulders there are ample supplies condemning what he calls malicious rumors about shortages supermarkets putting limits on the amount of products people can buy clothing at a sceptics. and some good news the world health organization says there have been
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fewer reported infections in china but says the numbers could go back up the economist. put this all into perspective for us 1st of all tell me what businesses in china have been telling you. suppliers of course for example. as well as food beverage producers which are really scared about the development of this virus 5 know. scared in what sense about what is going to do to their business what was said to have executives already impact on their business for example some companies. won't open on monday they remain close to told their stuff to stay at home because the afraid of the buyers so this is a sign that it's not on the control and they're scared that the institution and the communist party is losing the control and the people lose the faith in the system and it is very dangerous so if this is spreading then we have a big problem if the chinese can't get this under control what could the economic effects actually be we already have economic effect the impact is between point
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02.5 percent of g.d.p. built in china will be 2 percent already so everything already before costs and i think as the recession looming of the black swan it could be a black swan for the economy for the economy built wide and could be put to system into recession and perhaps the stock markets into the crash mode as you've been talking about a crash for some time and have written about this what makes you of believe that this could cause such an event it's always a pleasure long which is. the crash and this time it's out of control and if they lose the control over the vibe is spreading then we will see the impact in the whole world so it is the big danger we see right now we're facing and we don't have no idea what's going on in china it's a black box nobody knows what's really going on which figures are right but correct or not and we see that the lay of economic data is not a good sign not at all yeah i mean it's strange when wes sitting here is journalist waiting for these export figures to come out and suddenly they don't get there and
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we're told we're just going to have to wait another month i mean in the know could it get any better or are they know something that's what makes you think the numbers of cases or dates are a not accurate. when you can read on twitter. and social platforms in china people don't trust the system anymore and that different figures obviously to fit 630 people died on the virus but there are rumors that it's much more people and they're producing more mosques and you get no real information that transparency got lost in that the chinese communist party and this is always a bad sign if they stop communicating transparency and really briefly about communicating i find it quite interesting and we chat today that with the death of this doctor who said to have discovered the virus in the 1st place but who was silence it's been a lot of criticism and the party isn't deleting 0 or blocking those messages today which is quite interesting it's 989 all over again like it's i'm sure many people
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to lose control perhaps just can't because people get really angry and in front of the cameras they always say we don't trust the government anymore help us what's going on and that could be the start of the beginning of the end of the communist party of china a free trade thank you very much for coming in. the w.h.o. is warning of a global shortage of protective gear electronics make a foxconn says it will stop manufacturing face mosque's alongside apple products at its change in factory but in taipei getting your hands on one takes time and patience the authorities there are rationing the mostest 2 per person per week anyway dow is and often end up going home empty handed. is something the government of viet-nam wants to avoid. the parts are tiny the tasks of fiddly but it's all in a day's work for the seamstresses at t.n.g. one of vietnam's biggest textile produces they normally manufacture jackets trousers and shirts at this factory in the north all destined for export to europe
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or the usa since the start of the month they've been making face masks. to help prevent the spread of the epidemic we have mobilized everything including human resources and materials we're doing whatever we can help we're using our nano cloth which was for producing the shirts to make the mosques right now we're making over 2000000 facemasks. since the outbreak began the price for facemasks worldwide has shot up around 20 to 30 percent according to analyst estimates and the need for them has increased not only in china. although the employees have to work more shifts and longer hours and will try to produce enough facemasks to fulfill vietnamese demands during the coronavirus epidemic. authorities here have put an export ban on the mosques they want to ensure the local population has adequate care if the virus should spread out in vietnam threats ways chief executive john t. om has quit after losing a power struggle of this was bank the move comes after
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a spying scandal last year former star wealth manager tun revealed he was being snooped on by a private detective apparently on the orders of cards wheezes former chief operating officer on the bank's 1st african born c.e.o. will be replaced by the last god stein head of the land is with operations. chelsea delaney is following this for us our correspondent chelsea is the resignation of surprise. it's not totally a surprise credit suisse has obviously been under a lot of pressure since these spying allegations arose in september but there's also been a very public clash between t. and the chairman of credit suisse throne or over the past few weeks it was clear that one of them was going to have to go it's a little bit of a surprise that it's because he had a lot of support from shareholders and a lot of very vocal support from shareholders what about the new guy what's he going to be like do you reckon. i got signed up everyone says about him that he's
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very swift so he is with he is that it will but i think. i think in this context it's supposed to be good but he also is very familiar with the corporate culture and switzerland which had been a bit of an issue between him and the board before so he's seen as a pair of very safe hands for credit suisse ok just explain for us our financial correspondent in frankfurt thank you john industrial production dropped sharply in december in explodes barely edged high of running up a forgettable year for manufacturers' in europe's largest economy production of cars machinery drives the german economy and output at industrial still 3 and a half percent exposed to very slightly high a well down on the previous year flagging global trade rags it and weaker economic growth it's getting industrial production. the climate crisis is forces all to think about how we impact on the planet and businesses looking at ways to become
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top neutral now a group of monks in the netherlands is showing that change doesn't have to take a miracle. the monks at the cumings who fin monastery have been brewing for 135 years and until recently the hobbits were more 19th century than 24 every day the plant wasted 360000 liters of water that was before the brothers discovered the benefits of trapping the waste water. all. over you have been see. god for his creation for its beauty and its cleanliness. no it doesn't but at the same time we are involved in a process which is heavily polluting the so our aim is to give this water back to nature not to greenhouse that is where the monks tarn the waste back into water the vast purification system relies on plant organisms their roots clean the
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waste water before it is sent back to the brewery to be used again but we are building is a kind of literally residence for all kinds of bacteria did they feel. and they do the job cleaning the water. it's funded with hugh grant and it's hoped that it's example will provide a template businesses looking to cut waste and save money proving you don't need to gold to save the planet. it's. the law.
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the but. mum. mob. the beatles.
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songs are napalm 250 blind people are about to see again glassy is more the family room of the law and the balls to clinics is being set up in a temple complex o'clock am to the next game going to see the audience see anything come back to report her on the move with many police officers just gone through it seeing the light starts february 8th on t w. beautiful is. for. just for. the children just for. beethoven is for. beethoven is for a friend on the. beethoven 2020. 5th anniversary here on. the power of sports.
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where i come from i never saw the sun where it needs to. have gone up in brazil and the sun was always a man since the portuguese words 1st sun it's masculine when i move to germany as a 10 year old i want to say to him on t.v. network change how i see the world because into a month in the sun this family in the. same in the now but the side of a good listener so i read a ponytail instead of a deep voice extroverted guy seemed absolutely incredible. i realized how language shapes and thinking how definitions are not only mental in maine just put out a whole perception of the role. inside save my life and was one of the reasons i became a journalist i'm a storyteller and i use my words to help with intercultural on this time because my name is there when i'm away and i work and to top it was.
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because d.w. newsline from politics shaken over a scandal involving the far right conservative and liberal parties on the huge pressure after breaking out decades long term against work from the far right causes. them a chance and i'm kind of magical actually for some odd different visits angola economic ties. not just the death toll from the corona virus outbreak 600 medical experts warned of the danger from flu is just a.

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