the greatest player and accumulation of wealth the world had ever seen up to that time this is the journey back into the history of slavery. i think we will truly be making progress when we all accept the history of slavery as all of our history. our documentary series slavery routes starts march 9th on d w. apple warns the coronavirus outbreak is already hitting its bottom line with its chinese factories shut down and consumers staying at home and say its profits will fall short of forecasts also on the program can germany's bureaucrats see the forest for the trees must plan to clear a stretch of land to build a factory turn into

a test case for german competitiveness. i'm chris cuomo in berlin good to have you with us 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 warned that revenues are likely to fall in the 1st quarter of this year due to the disruption china is a key market for apple but the warning comes at a time when its revenue is there already beginning to lag shopping malls and stores closed across the country city streets empty as millions remain confined to their homes factories shows are reopening at a snail's pace none of this is good news for apple the world's most valuable tech company makes i phones of various sites across china and also sells millions of them at stores around the country. the profit warning underlines just how serious the coronavirus outbreak is for a business like apple which is heavily reliant on its supply chains in china as

well as its strong customer base there apple had already been facing challenges in china before the outbreak in 2019 the company made sales of $44000000000.00 in the country a fall of 12 percent from 2018 and the relative value of the chinese market for apple has been declining in recent years in 2015 the country accounted for 25 percent of apple's total revenue dunn has fallen steadily last year's figure accounted for just 17 percent if it is not contained the coronavirus outbreak could dramatically increase apple's difficulties the company has already said world wide i phone supply will be temporarily constrained juta the air brick. now after profits fell by more than half last year europe's biggest bank has announced it will be cutting around 15 percent of its global workforce h.s.b.c.'s interim head

said that over the next 2 years around 35000 jobs are likely to go worldwide as the company implements a radical overhaul really all of the banking giants profits come from asia where the u.s. china trade war and the new coronavirus have raised uncertainty levels. for more on this let's bring in conrad who is in our financial correspondent in frankfurt conrad so h.s.b.c. is based in london so naturally the 1st question would be is this move rex related . you know kristoff h.s.b.c. is not shutting those thousands of jobs in its investment banking unit because of breaks it but breaks it of course has contributed to uncertainty all over europe and to sluggish economic growth and activity all over europe so

indirectly breaks it of course has contributed to the problems that age s.p.c. and but the basic problem is that especially the investment banking units of h.s.b.c. simply have not managed to run this business profitably the same problems applied to deutsche bank here in germany and in retail banking well the problems are the same for the whole sector also branches of age as b. c. has become very profitable especially in france and in the united kingdom so this is a just b. c. then just another example of one player trying to adapt to the changing reality in the financial sector. well yes the technological overhaul of the whole sector is something that has hit h.s.b.c. as well new leaner banks that offer new leaner banking products and services have entered the markets and traditional banks like h.s.b.c. get to see this but here in this case of h.s.b.c.

i think a whole bundle of reasons are problematic for many decades this bag really dominated the financial center in hong kong so the problems in hong kong. were something that the bank got to feel and also fierce competition from other large chinese brands that have been emerging it just b.c. is to cut around 15 percent of its global workforce. telling a story from frankfurt corner thank you. now in a surprise announcement the world's richest man has said he'll be spending $10000000000.00 of his own money to help $5.00 climate change and a post on instagram amazon founder jeff bezos said this summer he'll start funding scientists activists and non profit organizations amazon has come under fire in the past for its own climbed record last september mr bezos pledged the world's largest online retailer would be carbon neutral by 2040.

while the environment is just one worry for amazon tax avoidance poor working conditions and driving local retailers out of business the list of accusations made against the company is long now there's another waste a generous return policy has led to tons of unused often unopened items to be sent back among the most returned items are above all clothes and accessories you can see it right there not add to that electronics shoes beauty products and food back at the distribution center the cost of opening the product possibly repackaging it logging it into the inventory is often considered too high so products end up on the dump or in incinerator plants and of course amazon is not the only company with tons of returns fashion retailers h. and m.

burberry's alonzo or german retailer adl are also there facing the same issue and that adds up to at least $7000000000.00 euros worth of destroyed goods in germany according to a study by the european union now earlier i spoke to you yannick conan from in not tura a german organization that addresses the destruction of return goods among other issues and i asked her how big a role online shopping was playing here. 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 $77000000000.00 you just quoted curse 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 a thing 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 incurs a v 18 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 v.h.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. german bureaucracy is legendary for being thorough and pretty slow now environmental activists have thrown a monkey wrench into tesla plans to set up its 1st european factory or outside of berlin a state court has to decide whether clear cutting there can continue. the german press has started calling it the tesla forest and the machines felling trees here have stopped a court order has brought them grinding to a halt the environmental organization. says the company shouldn't be allowed to

continue clear cutting before it has all the appropriate permits to decency tad just starting activities right now sets a precedent these are things that cannot be reversed after all you can't just put the trees back in the ground after you cut them down because of the. cutting has to be suspended during the bird nesting season which begins in march if tesla hasn't cleared the site by then it could delay the opening of the factory slated for next year. if it doesn't work out with tesla and i hope it does it will send a fatal signal to german companies but also to international investors and it did say that when it comes to global competition germany has grown unable to assert itself as the right place to do business but on social media users in other parts of the world are scratching their heads at the german delay to a major investment that would bring $3000.00 jobs tesla has already cleared 60 of the 90 head tears planned for the site the carmaker has promised to replant 3 times

as many trees nearby the dispute has some people worried that tesla could withdraw from the deal the matter is being taken up by a state administrative court it'll decide on wednesday where the cutting can continue. well germany's top 5 soccer league had record revenues this season the bonus league i took in over 4000000000 euros for the 1st time that's up over 5 percent on last year the dating from for tiger matter of course it's the fear. 15th record setting year in a row but german soccer has turned into very big business its governing body says league now employs around 56000 people at home and abroad. and that's our show thanks for watching.

where i come from we have to fight for a free press and once more and ransom a telling the day from shift with just one t.v. shadow and if your newspapers when official information as a journalist i have work on the strength of many can trust and their problems are almost the same for doing the social inequality

a lack of the freedom of the press and. work on the 4th to stay silent when it comes to the fans and the humans on seeing the microphones who have decided to put their trust in us. is jenny harrison and weren't. 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 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 days thank you 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 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 which translates to grandchildren for beginners this is pretty different for you're not really known for your comedic roles no i never got any comedic role offered and when i got the script i don't get scripts like this if it's and to me and of like when i read it i have to say i had to at times to laugh out loud i thought this could be something

that should do 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 think.