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tv   Business  Deutsche Welle  February 27, 2020 2:45pm-3:01pm CET

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it has become a risky investment. i think for us all and let's do business as companies around the world count the cost of the coronavirus china is reporting a rise in new cases this el warning of the risk of a read about it comes just after beijing announced a gradual return to normal production following widespread factory shutdowns and quarantine measures container ports are starting to loosen a huge backlog of cargo and the chinese central bank says it will ensure ample liquidity to get through this the shopping district of 11 month into the coronavirus crisis some of these shops will probably be out of business for good experts believe that many of china's small and medium sized businesses won't survive the corona epidemic. it's a heavy blow for around 80 percent of chinese workers who depend on such companies for employment they mean you know how fond of. fatah the government is taking
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action in the hopes of saving those jumps each year a prime. mistake council's executive meeting has decided on the temporary extension of loan repayments and on raising preferential loans. arrangements have also been made to increase support for home based companies. should you. do hobble for the small and medium sized firms as well as own businesses in who they won't have to pay employers contributions for social benefits from now through june taxes electricity and gas rates have been lowered the state is also likely to help pay many workers salaries those infected with the coronavirus or under official quarantine have so far continue to receive their pay that's an item that small businesses in particular cannot afford for a long. we asked our taipei correspondents also harden if business really is returning to normal. well the government's figure would tell you that overs 70
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percent of the production has been restarted by those big companies small businesses reported that only 30 percent of them at work and they are the majority of employment in china some of them told me that the process of returning to normal operation has been very difficult because they cannot meet the virus prevention standards that local governments but they do expect for production in april and almost all workers returning to work in march the only problem they have right now is that they have to manage to survive before that any progress outbreak could hit the astray an economy hog the country depends heavily on china to buy its coal and other resources but factory stoppages in china have led to a drop in demand for robot cereals many hotels in australia are feeling the pinch due to a coronavirus related travel ban over a 1000000 chinese tourists took a trip down on the last year spending almost $15000000000.00 in don't let's and
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thousands of chinese students live in australia and make a big contribution to the economy. the effect of coronavirus on the global economy has been significant in the short term in china it's devastated small businesses european companies based in china are hurting german firms a luxury based in china's major cities with nearly half in shanghai but a significant number of elsewhere including who may be at the center of the right german companies largely work in manufacturing automotives the medical sector adding consulting services according to the german and european chambers of commerce 90 percent of businesses say they talked to seriously impacted and they were just in there focused a quarter of companies expect a 20 percent drop in revenues for the 1st half of the year approach long period of inactivity could cause permanent damage. well they may not like to say it but for some businesses the outbreak is undoubtedly an opportunity the rising number of
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cases is driving the demand for a range of products disinfectant makers are among those whose businesses grow as the virus spreads. head on and shoes covered cleanliness is taken seriously a traditional vernon company likes a form because hygiene is what their business is all about. if you put up with parties for production has practically doubled since we've introduced a 2nd shift that's not how we normally operate this is where we do our production for germany and abroad and there are a lot of enquiries coming in from both so they need to be served. by making the most of the sudden global demand isn't straightforward producing twice as much disinfectant as usual is a challenge word current his technical manager on an inspection tour to check all is running smoothly 1st stop the lab. and all that looking gentleman do you think you need fishing about quarter of an hour. before it goes into mass
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production each batch has to be carefully checked the analysis is done now it's time to see if this disinfectant for hospitals can be mass produced. the dishes don't depression the density and consistency are correct tardiness is good in the active substances are all at standard so this product can be approved and bottled. next stop the production line 100 bottles have disappeared into filled every hour this was an order from georgia to keep up with demand all 100 of the company's employees have to work and even take on extra shifts any mistakes can mean costly production delays that there's an upside down bottle in there. despite the pace errors need to be kept to a minimum. but if i should the bottle is quickly removed. and things are running smoothly once again. next on the inspection tour is the wrong materials store they
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need to be sure they've got enough in stock. please return for all looking at full speed now we should be able to fill the warehouses of the next few weeks and keep the rule materials stocked. to react very quickly when the inquiries come in and if the coronavirus spits further in germany. liason form has been producing disinfectants in berlin for 120 years and says it remains ready for action when deadly viruses strike. chinese right hailing giant did each washing says it's installing once $200.00 clear plastic sheets inside its driver's cars each day to seal off passengers and try to stop the spread of coronavirus in beijing the company also supplies drivers with plastic gloves face masks and other protective gear passengers were initially put off by the measures but experts say the protective shade helps prevent the spread of droplets from coughing and sneezing coronavirus has killed close to 3000 people in china. and i did say this was going
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to happen when the virus 1st broke out it's claimed an unlikely victim or the world's most popular bits some people have been confusing the mexican big coronato with the new disease it's been a huge increase in online searches for the terms corona beer and virus according to data from you gov the so-called purchased intent among adults in the u.s. has plunged to its lowest into years the damage has worsened in recent days as infections spread shares of corona brewer consolations brands dived 8 percent this week and you go. list spread of the virus across europe is hitting the tourism sector the number of chinese tourists has already been dwindling for weeks now with local cases of the virus also on the rise in italy spain and germany more governments are considering dates heavy stimulus packages. the eiffel tower is a must for tourists visiting paris afterwards they might go. on
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a shopping spree normally there's a long line in front of the louis vuitton store on the shelves said easy but not today the economic effects of the coronavirus can be felt in this duty free shop as well. so that's best but if you know business is bad 60 percent of our customers come from china that means 60 percent less business doesn't want brussels made no prognosis on wednesday about how strongly the e.u. economy will be affected by the coronavirus outbreak of g.d.p. but in many e.u. countries people are talking about economic stimulus packages the e.u. economic affairs commissioner made it clear there could be exceptions in the e.u.'s otherwise strictly regulated debt policies and austral. as it stands right now the stability and growth path it. contains clauses for flexibility.
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that ship was the answer it's not only their link to exceptional circumstances. in the coming months we'll talk with our member states about the conditions under which these exceptional circumstances can go into effect that will give you. the stability and growth pact could help italy in its time of need. it's one of the most heavily indebted countries in the e.u. that's why brussels has imposed austerity measures on rome italy is also the e.u. country most affected by the corona virus outbreak and it's not just the tourism branch it's affecting the industrial center of the country lumber 30 entire towns have been cordoned off companies are counseling work related travel and many are now working from their homes. and in other news german drugs and chemicals joined by a has reported surging profits it said net profit led last year's worth of 4000000000
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euros there is o.b.j. and lists expectations buyers still in tangled in a wave of lawsuits over the we kill or brown acquired by the takeover about santo one of the architects of this multi-billion dollar deal has now said will step down . there was much excitement among shareholders it by a when it shook hands on the 63000000000 dollar deal to buy monsanto these latest profit figures show why the pesticide maker could have been a great acquisition but the 10s of thousands of legal claims over monsanto's weed killer round up look likely to wipe out a huge chunk of the benefit over the coming years some analysts estimate payouts allegations the project's causes cancer could reach up to $20000000000.00 what now in august 28th ina california jury awarded almost $300000000.00 in damages to a groundskeeper in the 1st round of lawsuit the amount was later reduced but juries have found buyer liable in 2 other cases the company denies the allegations and is
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appealing against all 3 rulings it insists the weed killer is safe fighting the costly lawsuits has weighed on the value of buyer shares though since the acquisition of monsanto in june 28000 the stock price dropped significantly and the struggle to recover shareholders have criticised the company's executives saying they underestimated the risk when buying monsanto. but the huge surge in profits for 2019 just announced shows that those risks might have been worth taking. i think this is worth it.
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civil heroes are likely carrying. fire fighting here it is a bit unusual. forest fires have been increasing in the past years in portugal and so locals are turning to go and cows to graze firebreaks their owners think their livestock could help solve a huge problem so how helpful are these 4 legged fire. focusing on their own. in 90 minutes on t w. have fun in pyongyang. the capital city of north korea is reinventing itself. but only a few can enjoy the benefits of those the regime allows. kim jong un has introduced an insidious reward system to coerce allegiance to the regime.
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those who don't make it into the fun metropolis are often cool and tom brady. have fun in pyongyang starts feb 28th on w. . they were forced into a nameless mass. their bodies near tools. the history of the slave trade is africa's history. good for power and profit plummeted an entire continent into chaos and violence. this is the journey back into the history of slavery. i think we will truly be making progress when we all accept the used to be of slavery as all of our history. our documentary series slavery routes starts march 9th on d
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w. this is deja vu news live from berlin and governments around the world to ramp up their response to the threats of the corona virus and australia's prime minister issues a warning. we believe that the risk of a global pandemic is very much upon us and as a result as a government we need to take the steps necessary to prepare for such. meanwhile experts warn of another scourge spreading as fast as the corona virus
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itself misinformation the world health organisation is urging social media giants to counter what it calls and the info demick as.

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