security pushes nationalisation. not have to be cheap but so much more needs to be job and did he have to be a constitutional money. corona virus outbreak is already affecting its bottom line with its chinese factories shut down and consumers staying at home and says profits will fall short of forecasts also the program giving returning a new lease on life a german initiative is aiming to end the destruction of brand new goods. it's good to have you with us china says drop terra's on medical equipment from the

united states that can be used in the country's fight against the new coronavirus products that qualify include patient monitors and blood transfusion equipment the u.s. and china have been engaged in a bruising trade conflict for around 2 years the 2 countries reached a partial trade deal last month. beijing agreed to buy an additional $200000000000.00 worth of u.s. products. and apple has come out as one of the 1st companies to speak about the financial impact of the corona virus outbreak the u.s. tech company. revenues are likely to fall in the 1st quarter of 2020 due to the disruption caused by the virus china accounted for around 50 percent of apple's revenue in the last quarter but the virus has dramatically appended business of the factories are closed or operating at reduced capacity supply chains have also been destroyed. for more on this let's bring in conrad who is in our financial

correspondent in frankfurt conrad and all this coming at a time when the share price of apple is trading not far from a record high how big a risk is this for investors how vulnerable are financial markets right now well christophe you are right on the very high level that the share markets are trading on right now of course they are sort of vulnerable to setbacks and to profit taking but i can tell you christophe generally speaking. investors still also pretty confident confident that the negative impact the negative economic impact of all this will eventually be limited and short lived and confidence that the governments are doing whatever they can to keep business going or help business to get going again and what you just also reported you know this announcement by the government in beijing to lift terrorists on medical products from the united

states that certainly is an indicator for this was certainly not the only company that a company that seeing its supply chains disrupted here which companies from germany are most in trouble. well certainly the come makers and the suppliers for the cost sector they are the most they are the ones with the most integrated supply chains in between themselves and also over country borders so b.m.w. dialer and they all are seeing their production lines in china stopped right now also suppliers like scheffler of continental busto and other european come makers like cea it already have talked about that soon they might be forced to close european factories because the parts from china or other companies cannot do them frankford thank you. now when it comes to preventing the new corona

virus from spreading further ports are among the points of interest hamburg germany is one of the largest ports in europe and one out of 3 container strands is staying here transiting it is either coming from or going to china we sent our reporter to find out how daily operations are going amid the global virus that they have a glory set sail in shanghai 5 and off weeks ago on its voyage to germany it called in and 2 for the chinese ports now it's docked in hamburg 24 hours before it arrived the captain made his routine ship's health declaration the declaration goes straight to the public health authority. the head doctor there doesn't imagine they'll be any cases of covert 19 on board to contain a giant. risk for a ship like this for any ship basically i can put it like this it's been at least 2 to 3 usually for all even 5 weeks since it left the chinese port when it arrives

here why. because most ships call in another ports along the way like antwerp or rotterdam the so-called hamburg antwerp range that's well in excess of the incubation period that being the time between actually being infected by the virus until symptoms present. cruise ships are far more risky most of them with thousands of people on board the virus was able to spread rapidly onboard the diamond princess more of the japanese coast cruise ships are calling on chinese ports at all right now german shipping companies are worried. really ramped up the hygiene on the ship stopping already high standards there are measures in place to clean the ships even more often. than the passengers are being even more strongly encouraged to use hand disinfection facilities which are spread throughout the ships. and the cruise industry doesn't expect

a long term downturn and freight shippers are also told in hamburg contain a turnover with china is usually lower at this time of year anyway because of the chinese new year festivities early in the quarter but the shipping agents that booked the freight space do say extended production losses in we could see bottlenecks in china trade. there are places where it's not possible to move the containers from chinese imports into the hinterland where the factories are where things could then be unloaded and already laden ports like busan in south korea a pact to the limit between pulls on kopi of. strong fluctuations in container traffic or in the nature of the business but if the covert 19 virus isn't defeated within a few weeks even the cool heads of the logistics and shipping companies in the port of hamburg will start to worry. tax avoidance poor working conditions and

driving local retailers out of business the list of accusation against amazon is long the latest criticism against the world's largest online retailer is environmental and cons for social impact a generous return policy has led to tons of unused often and open items to be sent back among the most returned items above are above all clothes and accessories you can see it right there add to that electronics shoes and beauty products as well as food now back at the distribution center the cost of on opening the process of opening the product possibly repackaging it logging it back into the inventory is often considered too high so products end up on the dump or incinerator plants of course amazon is not the only company with tons of returns fashion retailer h. and m. burberry salon though and german retailer auto and other companies all face the

same issue and that adds up to at least 7000000000 euros worth of destroyed goods in germany alone according to a study by the european union now for more on this i am joined by conan from the german social enterprise in not to our. good to have you on the program your organization among other things addresses the destruction of return goods and i want to ask you how big a role does online shopping and its procedures play a role here as opposed to walking to the store and buying your pants there well online trade is growing i think it currently makes up to 10 percent of retail so the role of returns is also growing the interesting phenomenon as that when you shop online is just a few clicks away it seems that consumers are giving up the accountability and

responsibility for the purchase decision they can make it later on and that makes it very easy to order more than you really need to order a couple of sizes and then have a choice of that so this the behavior of ordering more than the actual keep. is increasing in size actually being promoted through an entree that is something we see and that creates a lot of work and a lot of ways as you just pointed out and of course products that are being advertised and appear to be available at every point of time and every place everywhere in the world they need they need to be produced. well that's the flip side of the economic system we have we want to have a choice anytime anywhere but it's important to note that that is not only true for online trade i mean it affects the whole value chain and the largest amount of

goods of the 77000000000 you just quoted occurs in offline trade occurs through all steps of the value chain mine of production mistakes of classic overstock seasonal articles so the returns are actually just a very small portion of the issue we have in here ok and companies are claiming that when these returns goods reach them it is easier and actually cheaper for them to destroy them rather than let's say donate them what is your take on that. well 2 things 1st of all things are destroyed for hygiene reasons because they're not perfect anymore so we're not talking about those things to be donated we talk about perfect goods a perfectly usable goods to be donated it's true handling a return has an average cost between i think 17 and 19 year olds for a online retailer so if the product is worth less there was an economic issue but we know that companies would love to donate in germany the current tax handling

makes it much more expensive because the donation has to be accounted for as a sales which means that in course of the 80 we can issue a donation receipt but that only partially offsets the v.a.d. so in other words companies have to bring money to donate and that is the reason why $2.00 out of 3 companies interested in donating say in the end it's too insecure a too expensive and that why we have been pushing for a ph d. accent donations we're not yet there but i think there's a public discussion going on that we cannot afford this for economic and so side to the reasons you're gonna conan of the german social enterprise enterprise enough to oh thank you for your thoughts this morning thanks for having me. germany's top flight soccer league had record revenues this season the bonus they got to get over 4000000000 euros for the 1st time that's up over 5 percent on last year the daily from 4 to undermine the reports perhaps not all that exceptional considering

it's the 15th record setting year in a row and soccer has turned into very big business its governing body says the league now employs around 56000 people at home and abroad. and that's it for me and the business team here in berlin for more you can always go to our web site that's t w dot com or follow us on our social media feeds before we go here's a quick look at the global markets of trading.

going up today don't miss our highlights. program. w dot com highlights. in pyongyang. the capital city of north korea is reinventing itself. but only a few can enjoy the benefits for those the regime allows. kim jong un has introduced an insidious reward system to coerce allegiance to the regime.

those who don't make it into the fun metropolis are often for and hungry. have fun in pyongyang starts february 28th haunting w. welcome to arts and culture my guest today is a legend of german art house cinema she's been in the film business for more than 40 years now and continues to reinvent herself. has 2 films out at the moment a german comedy in which she plays a hippie grandmother who encourages shoplifting and a french language drama about a secret relationship between 2 women and which zuko by his character once the love

of her life to finally come out of the closet. and here she is bob thanks so much for coming on to arts and culture and finding the time because you're a very busy person these definitely for having me i know i say you're very busy because you've got these 2 films out you actually live in new york city and you're here and you're a promoting these 2 films i want to talk about both of your current movies let's start though with the german movie it's called. in german was translates to grandchildren for beginners this is pretty different for you you're not really known for your comedic roles no i never got any comedic role often and when i got the script i don't get scripts like this even sent to me and about when i read it i have to say i had to at times to laugh out loud i thought this could be something most of the all that would have loved to play the other role in the film but then because of the director convinced me i should play the hippie woman ok and why do you.