tv Business Deutsche Welle February 24, 2020 2:45pm-3:00pm CET
2:45 pm
one in short an incredible trade deal. i've been led to business hundreds of further cases over the weekend have seen south korea open up as a key front in the battle against corona virus more than 800 people there have now caught the disease the most in any country outside of china with a booming case is the impact for south koreans and for south korean businesses is just getting started. to cuba as far as the eye can see south koreans have been waiting patiently in their hundreds outside of supermarkets like this one to get their hands on protective masks it's particularly important here in the city of daegu where the vast majority of south korea's instances of corona virus have been detected. elsewhere public places like this market in seoul are being disinfected a spike in cases over the past week has driven many people to stay indoors a problem for traders here. i think about 40 to 50 percent of elderly
2:46 pm
people have stopped coming to the market. i'm worried about the fact that they're disinfecting the place. in the beginning i thought everything would be ok but now i'm very worried. and it's not just south korea's traditional markets that are suffering financial markets have also been shaken by the weekend's rapid rise in cases souls main kaspi index fell almost 4 percent on monday the south korean government has responded to the health threat by declaring its highest alert level serious its also planning drastic measures to cope with the financial impact. for one in addition to swiftly deploying the emergency fund set aside the government will consider the drafting of a supplementary budget have to coordinating with parliament. the discovery of a case of coronaviruses samsung smartphone factory in the city of gumi forced the
2:47 pm
electronics major to announce the closure of the facility some of its employees have placed themselves under voluntary quarantine. meanwhile many south koreans have been using online coronavirus trackers to work out where safe if they do go out. with cases rising and markets panicking it's no surprise that south koreans are lining up to protect themselves. european financial markets have suffered their worst stay since 2016 noticeably italy down more than 4 percent it's reported a sudden surge in corona virus cases in the north big international events like milan fashion week have been scaled back or canceled schools and universities are closed officials are testing passengers on international trains out of milan the center of the up break is gone buddy several towns are under quarantine some $50000.00 people were affected. german business morale rose unexpectedly this
2:48 pm
month shaking off the corona virus the institute study warns that could change next month as the effects become clearer we asked the research groups team obama sawyer what it means for europe with italy reporting new cases. i think this will definitely hit the european economy and it's probably not yet in the data i mean the survey was conducted in the 1st 2 weeks of february even though at that time we have already been discussing a lot about corona especially in china and i think it will definitely hit the european economy we are very much dependent on china. lots of imports in particular especially for germany imports of intermediate goods are coming from china and if there is a production standstill in china then this would have an impact on production also in germany but also in other countries and i think we will see that in the data definitely. some of the other corona related stories making headlines this hour in
2:49 pm
frankfurt oil prices are down 4 percent concerns are growing that the outbreak will hit the man hard it's already affected the manufacturing logistics and travel safe meanwhile safe havens like gold and treasury has been surging along with u.s. stocks and the dollar that's not typical it shows investors could be preparing hopefully goes for a virus led global slowdown. international monetary fund is echoing that sentiment morning epidemic could put a fragile global economic recovery at risk speaking at a g. 20 gathering in riyadh finance ministers said they're ready to implement growth policies meaning more government spending and aid for businesses affected by the outbreak. glaxo smith kline is teaming up with china's bio pharmaceuticals to find a way to treat the corona virus working on a protein based corona virus vaccine however researches warned that they still have
2:50 pm
a long way to go. and fashion retailer prime arc is warning of shortages in some clothing lines later this year due to chinese factories being closed because of the coronavirus a company sells more than 40 percent of its product from china says it's in talks with suppliers in bangladesh cambodia vietnam and turkey to fill the potential gap . over 100000 indians have cheated on donald trump on his state visit as the us president promised an incredible trade deal and the most feared military equipment on the planet but behind the scenes trade tensions of. the united states is india's 2nd largest trading partner off to china but at $29000.00 the u.s. ended up with a deficit of around $23000000000.00 in trade with india washington is demanding daily buy more american goods it wants key trade concession reinstated and seal a wider pact india has offered to cut tariffs on chicken lakes from 100 to 25
2:51 pm
percent of the u.s. demands a cut to 10 percent another point of discussion is india's dairy markets potentially all partially opening them wouldn't go down well in the world's largest no producing nation is sonia found the cup. this is how danish begins his days he's typical of millions of small dairy producers across india his family doesn't on a farm they take care of the cattle in their backyard it's hard work never a day off he makes about $60000.00 rupees selling his milk that's around $775.00 euros a month but buying fodder and medicine blows a big hole in his income the knishes also saddled with debt load see took out to cover his mounting costs when all bets factored out his income drops to just $10000.00 rupees a month around $130.00 euros. sometimes my cows and buffalo fall ill
2:52 pm
sometimes my own parents fall sick all my wife and then their school fees for my children we just about managed to scratch out a living. it is exactly the kind of dairy farmer could be impacted if india and the us agree on a trade deal that gives american dairy producers easier access to the markets here . india has long protected spammers by the scripting cheap daily imports an extensive network of operatives and small vendors produces middlemen so producers also receive a sizable fraction of the retail price paid by consumers up to 70 percent of that. but many feel that could all end. thing heads a local unit of the national farmers organization to push. if there's a dairy deal with the u.s. and milk imports are allowed prices could fall that would pose a huge threat to marginal dairy farmers and laborers they'll be staring at major losses. but not everyone is worried at this private dairy farm
2:53 pm
almost every step of the process has been mechanized the cows milked twice a day. and freeze eons ago to pinpoint the company or there is a new niche player in the industry. is a co-founder he produces what he says is milk free of hormones or adultery it's an issue that remains a widespread concern in india. the premium milk is bastardised here are going to doesn't view us daily imports as a trade he says because his unique selling point is freshness and rapid delivery just 12 hours from cow to customers but the entrepreneur who is a vegetarian does have misgivings about a trade deal with the u.s. especially an aspect that has proved a major stumbling block in the. air there are concerns in india that the photo given to cows in the us contains meat components cows and hindu isn't
2:54 pm
a sacred so there are religious sentiments involved. india is also a huge consumer of milk which is used to make your good cheese and a wide range of indian sweet. despite the complications the country huge untapped market. survey joins us now from to tell us more about trump's trip sort of be. the bilateral talks for tomorrow but we're already seeing some big promises made today. yes so at this maybe that. president will be addressed to a large audience of people $100000.00 people there will at several promises need about increasing the relationship between the radicals in the tag is that in the america and india of course. about the elusive trade
2:55 pm
agreement now let me go back to stop and that before when this visit was announced both sides were hoping that this trade deal would come true especially since it's at a whopping 10000000000 dollars however last week when it was announced that. the bus in leaving the 2 agreements from you may not be our last chance delegation speculations begad not how this treaty would distribute would fall through yet president john briggs did bring it up in his speech again and again he said and i called that they got in the outs are about to sign a treaty if not. a good if not great deal that will be their trade relations policy but as you mentioned at the beginning of this report the reason why this is not happened is the because america has been pushing for india to open up its markets to more american goods both sides have disagreed on diets and duties
2:56 pm
however there are also domestic issues due to which this trade agreement has not until now last year in 20192020 there was a shock jock in india's thought. to be to do all it was a 5 percent which led to increasing all the protectionist policies by the indian government and of course as we've seen just how i think about things if it is all kind of cheap which is why the scope of this deal not going to has reduced quite a bit serbia will have to leave it there and i think business with it. but i. don't
2:58 pm
artificial intelligence can hear a lot about us our state of mind or even if we do. then well you wait that. i took knowledge and raises a lot of serious ethical concerns. to morrow to do. the 90 minutes on d w. and gemini if. at any time i've come any place. yeah i don't like the climate summit this. superstar combo from super. interactive exercises. everything is online and interactive. demonstrate with d w. one. to go beyond yes.
2:59 pm
it's a little live. as we take on the world. player of all of the stories that matter to you. really. never is. the utter lunacy. made for minds. i'm not laughing. well i just sometimes i am but i stand nothing that. takes deep into the culture of looking at the stereotypes of the class but if you think this loser countries are. needed to take his grandmother down. it's all about am. i right joe join me to meet the gentleman from d.w. post lead.
3:00 pm
play . this is live on broadway china's annual meeting of the national people's congress is postponed for the 1st time in decades because of the corona virus at the same time authorities imposed tough measures as a dramatic rise in infections. and 6 steps to make italy drops frontline against the disease. also coming up india's prime minister narendra modi giving president trump a warm welcome as the to address a huge rally in the state of. the visit is an opportunity to deep.
34 Views
Uploaded by TV Archive on
![](http://athena.archive.org/0.gif?kind=track_js&track_js_case=control&cache_bust=874766247)