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tv   Business  Deutsche Welle  February 17, 2020 9:30am-9:46am CET

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that is when i had a serious problems on a personal level and i was unable to live there much i'm going to. want to know their story to migrants terrified and reliable information for margaret's. the factory doors remain closed fox wagon extends its production halt in china the ongoing spread of the coronavirus has carmakers fearing for their already and perth business also on the program german chemicals giants buyer and b.a. is that facing a 265000000 dollar fine over a controversial herbicide and how a network of activists is trying to improve conditions for workers at the online retailer amazon. i'm chris colfer welcome to the program it's not back to normal
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yet fox wagon is keeping its china production facilities shut over persisting fears of the new coronavirus initially v.w. and others planned to resume production today the move comes as analysts try to gauge how hard the virus is hitting carmakers business now the impact could be particularly severe for german brands which make between 30 and 40 percent of their global sales in china alone. car sales in china are falling rapidly in the wake of the corona virus outbreak the bank u.b.s. expects february total sales to tumble by half a clear threat to popular german brands like b.m.w. and mercedes as if that weren't bad enough extended factory shutdowns and supply chain disruptions the set to lead to a massive drop in production china has so far been a success story for german carmakers the overall market is in recession but german brands are still growing. folks bargain notched up
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sales of nearly 4200000 passenger cars in china in 2018 the biggest single country for v.w. by far dime le to soar success it's must say these bends brands delivered over 6 $170000.00 cars in the same year a new record for the company's chinese operations. car market analysts say it's possible that coronaviruses just prompting chinese customers to postpone their purchases and that the threat is manageable and buyers of german imports tend to be more affluent and have greater resilience to the economic effects of the coronavirus but if the crisis goes on much longer the effect on car makers profits could be more than just a blip whether more as bring in my colleague or shooters panday who has been following the story for swag and yet again postponing production in it said china facility is give us the latest. well yes chris the production has imposed upon at
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the plants which it runs in joint venture with chung motors some of the plants that it runs as a genie with the f.a.a. or f a w group have production at these plants have started but still not to full capacity a spokesman for folks while been told me this morning that it's the delay is largely owing to supply chain issues and logistical problems and also because of the travel difficulties that it employs the production plants are facing now if you look at this issues that carmakers are facing amidst the sirkar on a virus crisis what are the most difficult ones for them i mean there's just so many late at this point of time the german company you just heard in that report that they depend for like 30 to 40 percent of the sales on china and so the clothes sure rooms and even the shuras which are open is proving to be really a major problem for the german carmakers lucky for them they don't have many facilities
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or in fact any facility in the worst affected areas but then it's actually a supply chain related issue so if the coroner wires outbreak persist longer then the fact is is going to start pinching them sooner or later and why is this crisis hitting german carmakers at a particularly difficult time. it can even get worse than this at this point of time just when they were getting some positive news out of the u.s. china trade tensions and here it is corona wires in the biggest market the market where they were largely resilient they've been already facing the pollution concerns in europe made worse by these. scandal and there's also a costly transition to electric vehicles at this point and where they're largely playing a catch a game with the likes of tesla there's this threat of u.s. targets hanging on them so they have just clearly so many problems and this virus
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outbreak could not have come at a worse time now we heard in the report that customers of b.m.w. are in dire could be more resilient when it comes to spending power how much can carmakers rely on that. is that's difficult to say if but one thing they would be at this point time doing is to keep their fingers crossed because if this why outbreak last longer than what most analysts expect if it goes on for months or even spreads further that no matter how resilient the customers are they are not coming down to the sure rooms let alone the online showrooms that they are actually starting to open at this point i'm a customers can buy cars online you're not going to spend many thousands or tens of thousands on buying a car online if you don't use our founding and gone thank you josh. a jury in the united states has awarded a peach goal or $265000000.00 in damages in a suit aimed at buyer and b a s f the farmer claimed
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a herbicide sprayed on fields near his orchards drifted onto the trees seriously damaging and killing them it was the 1st u.s. case to rule on the weed killer the kemba made by the 2 german companies buyer says it will appeal. let's bring in our financial correspondent conrad booze and here in frankfurt conrad more bad news for buyer and yet again it's about herbicide. absolutely particularly in particular this is bad news for buyers because by already has to deal with the 1000000000 dollar litigation cases in relation to round up of life you say remember this other herbicides which originally was produced and developed by monsanto an american company taken over by the buyer for $60000000000.00 now to come by this herbicide
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also originally developed by monsanto to gether with b.s.f. the world's largest chemical producer of course germany's largest chemical firm all this of course makes things for investors much more complicated to try to evaluate the risk that comes along with involved with investing in b a s f or buyer and as a logical consequence this morning both shares here are significantly under pressure cornered it is the start of a new week tell us what is on traders minds. well the german dax our stock index contrary to buy stuff and buyer already has hit another record high this morning and this despite of course the persisting concerns about the coronavirus the typical financial logic behind this increase of stock prices despite corona is that markets are hoping for more stimulus this morning european time the people's
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bank of china the reserve bank of china already has lowered interest rates and later this week. on thursday it's expected that at the next lou prime rate announcement by the chinese reserve bank more stimulus will be announced more easing of financial conditions for businesses and of course for the markets cannot use in giving us the view from frankfurt connor thank you. now having. a global business juggernaut in your neighborhood can have benefits just remember the lengths communities went to in trying to attract amazon's 2nd global headquarters but the online retail giant in particular has come under fire as it might offer a lot of jobs but under conditions that many call alarming a group of fact. new york based author and activist then you read gender is taking the fight to a powerful opponent. armed with just a phone and
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a laptop she wants to force change at one of the world's biggest companies. it's led by one of the world's richest men jeff bezos likes to present himself as a progressive but his approach to business has angered communities and many of amazon 750000 workers. we are oriented around having as many people in as many states iran this country participate in our activities to make it known what the cost of hosting amazon in a community is and to demand better of our public officials iran's mitigating back costs down your coordinates more than 60 groups of activists she calls her organization athena after the greek goddess of war one of the groups goals is to improve working conditions and force amazon to pay higher wages at the company's gigantic warehouses just outside the city but any improvements would come too late
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for ill go he quit after just 3 months at the emmys on facility in staten island although the job market in new york is tight he'd rather coach serve with friends while looking for a new job then go back to that 10 hour days at amazon humanised. you know one thing that workers say constantly is that they value the robots more than they were valued the workers at amazon algorithms determined work speeds and cameras monitors for around the clock according to missing targets 3 times means a meeting with the supervisor and usually cost you your job. because of their read system. i knew were able to basically news about them throughout the day otherwise you'd be in jeopardy of. not meeting your goal the only time you really could go to the bathroom was during the break amazon allowed us to shoot at the
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staten island warehouse a manager there are disputes claims he says toilets are no more than 900. seconds away from workplaces and workers can use them at need. lunch break 30 minutes on days and actually $45.00 on ice with the state laws for that and we also get to 50 minutes paid rates at amazon new york the starting wage for an unskilled worker is 17 dollars an hour that might sound decent but it's not enough to live from in new york or california critics have done the math and have a very profitable employer providing the wages that are so low that people can't afford housing and food that's not right what we saw was that for every dollar in wages they pay the public pays $0.24 in subsidies for health care and food stamps and also for cash welfare. there are hundreds of thousands of people involved in the athena network don your agenda says they don't
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want amazon to go broke they want to break the power the company has over the people who work there. now storm dennis has been causing havoc in britain the with gale force winds and heavy rains this air was a 380 with hundreds of people on board was coming in to land at london's heathrow airport as the storm hit powerful cross winds made this a challenging landing you can see it right there as the plane hovered over the runway but the 500 ton super jumbo finally touched down safely oh my suddenly a testament to the pilot's skill thanks for watching. the
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tempo of technology. markets. made in germany. your business magazine. know. that.
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country this. morning every. morning. a good looking a couple. coming from on. you can see how they've been trying. to mask lead as a social worker who works with refugees in frankfurt odor. for a while. the city which is not far from berlin was considered a successful example of integration. but then a group of refugees attacked the frosch nightclub. they only got to this point we didn't let them get in but they kept smashing the windows. and i sense the fresh
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incident it has gotten tougher definitely. the us. it's. helping refugees is more than a job for thomas clan he has become friends with many of them considering them almost like family domus thomas is a good man he's very kind and very. kind is there of the refugees need help understanding german bureaucracy language your culture. they don't know certain rules they don't know certain cultural mechanisms but you can't just say sims alabaman poof you know you know what's inside of a man's please dear god knows some side of him is what you say to get magic to happen.

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