tv Business Deutsche Welle February 22, 2020 4:15am-4:31am CET
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the full street party thousands turned out in rio santa teresa district for the carmelita street party in addition to dancing and playing music it's traditional for revelers reference revelers to dress up as nuns and priests part is based on the legend of a nun who escaped her convent to join the carnival. is in student news on next peiser thanks for watching. nico piece in germany to learn german published in the. why not learn with him d w z learning course nikos fake. have fun in pyongyang. the capital city of north korea is reinventing itself. but only a few can enjoy the benefits of those from the regime allowed. kim jong un has
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introduced an insidious reward system to coerce allegiance to the regime. those who don't make it into the fun metropolis are often told and hungry. have fun in pyongyang starts february 28th on d w. wall street reacts to a rare stall in the u.s. economy nobody reliable services sector posted its 1st drop in activity since 23rd team. the coronavirus is forcing many chinese to spend lots of time indoors but the situation has its winners. and in spain airbus has plans to cut hundreds of jobs every sympathy arias reaction. this is deja vu business on what's been learned long
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. u.s. services sector has registered its 1st drop in activity since 2013 there was a notable worsening in the section of the united states economy that includes finance and retail joining february according to research by i.h.s. market there's also a slowdown in manufacturing output because no surprise to us here part of the problem is the corona virus outbreak in china. well let's get more on this from our correspondent on wall street jose luis de haro so jose what exactly is behind these disappointing figures. certainly rob boring in the corner by was are starting to take a toll in the manufacturing and services sectors here in the united states for starters deserving 37 mags crises house for just going to hold the plane production
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and could end up a shaving up to percentage point to u.s. growth in the current quarter at these also for. airlines and speaking of the industry it's getting here on several fronts the 737 max ground disrupted several routes around the corner by russo which has to stop temporarily commercial flights in and out of china. i know all bad news for the industry and services here in the united states in general at a time a dud. muni usually a warm winter at hearing the east coast ease in helping growth prospects in the current quarter. so how are investors feeling are they back to thinking the u.s. economy could contracts during the 1st quarter. if we take a look to. the 10 year treasury yield and the 7 year highs the gold prices investors are definitely trying to run for some call that said he has to hold the federal reserve will comment to the rescue and maybe cut rates once or twice if
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things get wars but on friday we heard some central bank officials saying dad didn't virus shock should be short lived kind of fed that's not there blindly follow the markets phosphor 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 when i say thanks for keeping us up to date that's jose luis de haro in new york. and we heard there about the impact coronavirus is having thousands of miles away from china in the country itself the closures of shops and places of what has led some cities to be described as ghost towns that's also the description used by the head of the u. chamber of commerce in china. he spoke to his area having just arrived in germany from beijing well i've been through goldstone's before 2003 i was
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a veteran of the sols tries this and it was in lockdown what is different now that actually the shops and the restaurants are all down it's like a panic particularly in beijing 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 don't see them anywhere in schools tone which is frightening and my kids actually. been very concerned about this i mean it's depressing frank. from the chamber of commerce in china that he also told is that he expects to spend 2 weeks in quarantine when he returns to beijing it won't be the only one workplace closures and travel restrictions mean many chinese are spending more time at home than an unusual that provides 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
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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 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 consent but in the west you know for example the new streaming service from the what disney company if you know families are having to stay home for 2 weeks then you know there is going to be a major opportunity for that and 5 the time 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
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broader economy gains in one sector won't make up for those. u.s. bank wells fargo has agreed to pay $3000000000.00 to settle an investigation into its fake accounts scandal between 222016 the bank pressured employees to meet unrealistic sales goals they did to the creation of millions of credit and checking accounts rates existing customers was fargo has admitted to collecting large amounts of money in fees and interest as well as harming the credit ratings of some customers and misusing personal information. now for a quick look at some of the other business stories making news the 27 e.u. member states have failed to reach agreement after a marathon budget negotiations in brussels they blamed hard to bridge a rift between poor countries of wealthy states wanting to rein in spending those include germany and the so-called frugal for austria denmark the netherlands and
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sweet. speaking of the netherlands it plans to cut gas extraction from your largest field to a trickle before closing the tap completely in 2022 years 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 buildings reinforced according to the dutch government. and thousands of foreigners took to the streets of mirth here in southern spain tossing vegetables on the floor in protest against load food prices and for working conditions according to spain's union a small france he says average bombings fell by 9 percent last year as food prices sank production costs. and that's not been the only for test in spain in recent days thousands of spanish abas employees have staged a walkout in protest of plans to cut over $600.00 jobs as part of
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a shake up of the company's defense division which has been struggling in recent years but employees say the strong performance of civilian act raf business means there's no need for the cuts viz airbus workers are angry the company's flying high. but it's still getting 630 employees and spin the axe the reason despite better numbers in it civilian sector airbuses space and defense divisions are in a slump and the company hopes in restructuring will kick start the division but at this facility near madrid there's little sympathy for the company's plans. airbus is a big multinational company that has a defense sector and is a 1000000000 sector and of course the civil sector is getting fantastic results. we think that if it's true that there is a lack of work in a defense sector and they could easily adapt by shifting jobs to the civilian
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sector. in total airbus plans to cut around $2300.00 jobs across europe over the next to yours. bags of corn like that will have long been a feature of mexican life it's a staple of local cuisine and provided the backbone for the civilization that became modern mexico but traps its reliability as a crop has fallen into doubt some farmers and now looking for something else to grow. once again the corn harvest has failed into a work around in the mexican state of puebla playbill has just recorded the warmest year on record from a poor furio garcia used to harvest 4 tons of corn perfect. these days it barely gets 700 kilos most of it has fallen victim to drought. look at the at the golden hole the rain that was supposed to fall in june or july
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or august or september that's what we see now the maize didn't grow because there was no rain. no will be. 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 and set its sights on more hardy species of corn. in the symbols of cobras in our plans at work we focused in recovering native corn. from leases a kid these are cones which are more genetically adapted. to the type of soil. and the low availability of water that result in better harvest. better quality corn that resists diseases and some plagues of this into the bloggers. but many farmers are turning to
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a golf infrastructure which also require less water going cultivation into what khan has already plunged by 18 percent some farmers in the region have given up completely and sold their limbs to real estate developers. and that's it from me on the business team here in berlin you can find more from us if you go to our website you know what it is w dot com slash business we're also there facebook and twitter. business on each of those leave you with a quick check of global markets joining us by. will
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next d w 5. she says her greatest luxury is sad that she does not have to decide. how does she do so many different jobs so well. matriarch career schröder. an exclusive interview with the actress screenwriter and director stuart. 30 minutes. they were forced into an aimless mass. their bodies houllier tools. the history of the slave trade is africa's history. describes how the greeks for
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power and profit plummeted an entire continent into chaos and violence. this is the journey back into the history of slavery. our documentary series slavery routes starts march 9th on g.w. . what about the. welcome to tomorrow today the science show on t w coming up. the human voice can reveal a lot about us and that makes it of great interest to big business. how computer games can help prevent some of the effects of aging in the brain.
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