Skip to main content

tv   Business  Deutsche Welle  February 21, 2020 10:15pm-10:31pm CET

10:15 pm
in the bundesliga munchen hoffenheim back in december and that was the 2nd offense against the last season don't win fans held up offensive bongos a tough and hundreds well. was fined $50000.00 euros and have to compensate half and hunt for lost revenue during the back business news with rob what's the game's next here on d w will world news of the top of the hour i'm going to see. what secrets lie behind walls. discover new adventures in 360 degree. and explore fascinating world heritage sites. t.w. world heritage 360 get kidnapped now. w.'s crime fighters are back africa's most successful radio drama series continues this season for stories focus on hate speech color of prevention sustainable charcoal production.
10:16 pm
all of a sow's are available online and of course you can share and discuss on g.w. africa's facebook page and other social media platforms. crime fighters tune in now . street reacts to a brass stall in the u.s. economy the united states normally reliable services sector posts its 1st job connectivity since 28 the team. coronaviruses posing many chinese to spend lots of time to endorse the situation as it's witnessed. and in spain ever since plans to cut hundreds of jobs i received a furious reaction. this is the day we have business on robots in ballin welcome along. u.s.
10:17 pm
services sector has registered its 1st drop in activity since 2013 was notable worsening in the section of the united states economy that includes finance during february according to research by test market it was also a slowdown in manufacturing output and will come as no surprise to hear part of the problem is the corona virus outbreak in china. well let's get more on this from our correspondents almost beat jose luis de haro so jose what exactly is behind these disappointing figures. so to you rob born to corona by result is starting to take a toll in a manufacturing and services sector is here in the united states for starters a 737 max a crisis house for boeing to halt the plane production and could end up a shaving up 2 percent each going to u.s. growth in the current quarter at these also affects both suppliers and airlines and
10:18 pm
speaking of airlines the industry it's getting hit on several fronts the $737.00 max grounding. up at several routes around the corner by russo which has a stop temporarily commercial flights in and out of china. saying no all bad news for the industry and services here in the united states in general at a time a. new truly warm winter and hearing the east coast ease into helping growth prospects in the current quarter. so how are investors feeling oh they back to thinking the u.s. economy could contracts touring the 1st quarter. if we take a look at the drop the 10 year treasury yield and the 7 year highs in gold prices investors are definitely trying to run for some that said they used to hold the federal reserve will karma to the rescue and maybe cut rates once or twice if being scared towards that but on friday we heard. some central bank official saying the
10:19 pm
virus shock should be short lived under fed that's not there blindly follow the markets potations has for now read you know fed projections sino our g.d.p. growth here in the us between a healthy 2 person and 2.6 percent in the current quarter but that could change in the short term at any time well as a thanks for keeping us up to date that's jose luis de haro in new york. now we heard there about the impact coronaviruses having thousands of miles away from china in the country itself though the closure of shops and places of work has led some cities to be described as ghost towns that's also the description used by the head of the e.u. chamber of commerce in china. he spoke to his earlier having arrived in germany from beijing well i've been through goldstone's before 2003 i was a veteran of the sauce crisis and it was in lockdown what does different now that
10:20 pm
actually the shops and the restaurants are all down it's like a panic particularly in between where i live which is hard to understand because we have 3 in a case as one mortality and we have 5000000 cars in the city of don't see them anywhere in schools tone which is frightening and my kids are actually 8911 very concerned about this i mean it's depressing frank. you know from the chamber of commerce in china there he also told us he expects to spend 2 weeks in quarantine when he returns to beijing he won't be the only one workplace closures on travel restrictions mean many chinese are spending more time at home than usual but that's provided an unexpected business opportunity for some international companies. leaving the house means putting on a mask and still being fearful of an ever more spreading virus that has killed over 2000 people so far and even if you left the house the streets are empty malls have closed and even coffee shops have shuttered so people stay inside and that's
10:21 pm
a good thing for some companies that's a massive opportunity for the entertainment industry in china we've already seen lots of online gaming downloads from companies such as 10 cent but in the west you know for example the new streaming service from the walt disney company if you know families are having to stay home for 2 weeks then you know that is going to be a major opportunity for that and 5 the film for the children to do. disney plus has already been off to a good start now some extra growth might be in the cards amazon and other web based services are also hoping for a positive effect of coronavirus. however as the epidemic grows so do losses for the broader economy gains in one sector won't make up for those. now for a look at some of the other business stories making the news the 27 e.u.
10:22 pm
member states have failed to reach agreement after marathon budget negotiations in brussels they blamed hard to bridge rift between poor countries and wealthy states wanting to rein in spending those includes germany and the so-called frugal for austria denmark the netherlands and speed. speaking of the netherlands it plans to cut gas extraction from your largest failed to a trickle before closing the tap completely in 2022 hours after a series of damaging earthquakes gas mining from the groningen field is to be cut to $3000000000.00 cubic metres by next year earthquake victims will be compensated and buildings reinforced according to the dutch have a. now argentina stories economies shrink by 2 point one percent last year the south american country has been in recession since mid 28 teen poverty and unemployment are on the rise and inflation is the past 50 percent last
10:23 pm
year the news comes as the country is trying to renegotiate almost $200000000000.00 in debt in order to stave off default. and thousands of followers took to the streets of north in southern spain tossing vegetables to the floor in protest against low food prices and for working conditions according to spain's union of small produces average farm innings fell by 9 percent last year as food prices sank and for the action costs rose $20.00 points to pressure from supermarket chains as the source of that troubles. and that's not been the only protest in spain in recent days thousands of spanish employees have staged a workout in protest plans to cut over $600.00 jobs as part of a shake up of the company's defense division which has been struggling in recent is but employees say the strong performance of abas is civilian aircraft business
10:24 pm
means there's no need for the cuts viz airbus workers are angry the company is flying high. but it's still getting $630.00 employees and being the . the reason despite better numbers and it's a 1000000000 sector airbuses space and defense divisions are in a slump and the company hopes in new wide restructuring will kick start the division. but at this facility near madrid there's little sympathy for the company's plans. there's a big multinational company that has a defense sector and is a 1000000000 sector and of course the civil sector is getting fantastic results. there we think that if it's true that there is a lack of work in the defense sector and they could easily adapt by shifting jobs to the civilian sector. in total airbus planes to cut around $2300.00 jobs across europe over the next 2 years. now sacks of corn have long been
10:25 pm
a feature of mexican life it's a staple of local cuisine and provided the backbone for the civilization that they came modern mexico but droughts have meant its reliability as a crop has fallen into doubt some farmers and now looking to grow something else. once again the corn harvest has failed into account in the mexican state of puebla playbill has just recorded the warmest year on record from a pool furio garcia used to harvest 4 tons of corn per hectare. these days it barely gets 700 kilos most of it has fallen victim to drought. all the rain that was supposed to fall in june july august or september that's what we see now the maize didn't grow because there was no rain.
10:26 pm
even though it's a staple food in the mexican cuisine normal corn has no future here anymore climate change is forcing farmers to adapt. the farmers association has set its sights on more hardy species of corn. in the symbols of our plans at work we focused in recovering native corns families is a good we have these are cold ones which are more genetically adapted. to the type of soil altitude and the low availability of water that result in better harvest. was a better quality call on resists diseases and some plagues of this is untenable this progress but many farmers are turning to garvin pistol which also require less water con conservation into account has already plunged by 18 percent some farmers in the region have given up completely and sold their land to real estate
10:27 pm
developers. and that's all from me on the business team here in bed and you can find plenty more from us on our web site go to d w dot com slash business there's also lots of extra bits and bobs if you go to our facebook and twitter pages we'll leave you with a quick update on global markets thanks to.
10:28 pm
when the sun goes down over egypt's nile delta. millions and millions of flowers unfold and release their beguiling scent. jasmine is one of the world's costliest essential oils. its economic importance for people in the region as enormous. jasmine green of sands. 60 minutes on d.w.
10:29 pm
. take it personally. with all. the wonderful people and stories that make the game so special. for all true for. the book more than football longline earth a home for saving global logos tell stories of creative people and innovative projects around the world ideas to protect the climate and boost green energy solutions by global oil goes beyond blue series of global 3000 on t.w. and on line. this for me. is for you. it's for help. beethoven. is for the.
10:30 pm
beethoven is for us. is for the bowie beethoven 202250th anniversary year long deep job. cuts. this is the that being is africa coming up in the next 15 minutes a sign off both from south sudan at the country's rival neatest take a big step towards peace forming a unity government minutes before ever at this time. as prime minister was a no show in court when he was judged to be charged with murdering his 1st wife. may make nice the musical sensation.

37 Views

info Stream Only

Uploaded by TV Archive on