tv Business Deutsche Welle March 3, 2020 12:30am-12:46am CET
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passion drama competition marketing numbers atmosphere that's hard intuition love money. fans. and friends. to join us. economists warn global growth could be cut and hof if the coronavirus continues to spread outside of china this satisfactory output drops on the aviation sector faces yet more turbulence look at the nations on the violent break from our correspondents on the wall street. and their old out wasn't gloomy i know pharmacists here in germany are warning of magical shortages of supply chains from china are disrupted by the epidemic. times namibia's brain drain is
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germany's gain. from europe's top economy to africa in the search for qualified health care professionals. this is a business i'm craig ferguson welcome. the organization for economic cooperation and development says global growth could be caused inhofe if the corona virus spreads widely should that come to posture pan and europe would be likely to go into recession and growth in the united states could fall close to 0 the warning comes as the international monetary fund and the world bank say they're ready to make funds available to help poor countries step up their response to this virus. and for more on how all of this is playing out on the markets left cross night financial correspondent against caught up on wall street. and now we have seen a rebound on markets today but the misery is far from over especially when you look
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at manufacturing data run us through the numbers we're seeing from factories. you know well what we got was those manufacturing numbers and they showed that there is a barely grows this index dropping to 50 point one percent everything below 50 percent. contracting economic activity and everything on top of 50 percent shows a growth. of the coronavirus so we see quite a few delays when it comes to the supply change on one side and on the other side also exports are falling but here on wall street investors. blue chips up by almost 1300 points by points that's the best day in wall street history after last week we saw the biggest drop by points in the history of the dow
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jones industrial average cutter thanks as ever for your insights. staying on this topic and specifically the impact on manufacturing pharmacists here in germany as well as elsewhere in the world are reporting medical shortages as a result of the coronavirus many international drug companies rely on chinese suppliers who've seen their operations interrupted as a result of the i break. this should be where an antidepressant is stored but the drug is currently not available from this pharmaceutical wholesaler in germany supplies have dried up and so it can't be delivered to pharmacies around 300 medicines are unavailable all scarce in germany including this vaccine and the spread of the corona virus could make things even worse with. the potential problem with a virus in my opinion at least is that many products and active ingredients are
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manufactured in asia. if the corona virus becomes a pandemic i imagine we'll see more of a squeeze on pharmaceutical supplies then we already have. many drugs used in europe and the world as a whole made in india site tech pharma is one of the country's leading manufacturer is low wages have made india an attractive hub for the production of medicines. however not all a profitable to produce. with. the active ingredients can be very expensive. but government policy demands the prices of finished products stay low. this discrepancy is causing problems for the indian pharma industry sometimes a particular drug simply becomes too expensive to make forcing some producers to close shop when he got that. the outbreak of the corona virus could dramatically
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reduce the number of medications india complete that's because most of the active ingredients for drugs come from china are going to. stops exporting these raw materials to india and 90 percent of india's pharmaceutical companies could close down some patients could even die as a result. wholesalers such as pharma people say they tried to build up stocks when drugs are available in larger quantities it helps them deal with supply shortages. there aren't usually any advanced warnings about supply shortages so there is political pressure on wholesalers to increase their stocks if i knew exactly what i should stock up on i'd be happy to do it but i don't want to take on a lot of risk after all medications are perishable goods or. many wholesalers are also keen to avoid the cost of additional storage space with
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coronavirus continuing to sprint it could become hard to keep pharmaceutical supply chains running. some of the other business stories making news around the world. the international air transport association says airlines stand to lose about $1500000000.00 as a result of the coronavirus airline representatives also say substantial numbers of passengers are not showing up for their booked flights. authorities have quarantined 150 workers at b.m.w. is a research and development facility in munich they'd all been in contact with a member of staff who tested positive for the coronavirus the employees will have to stay at home for 2 weeks. staying with cars the geneva motor show had been due to get underway this week but won't because you guessed the coronavirus the likes of b.m.w. and mercedes say they'll show off their latest models via live stream instead on
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monday the show organizers awkwardly cry into the peugeot 2 eggs car of the year and once we are played live online to an empty hole even the winners stayed at home if hearing via video link instead. corporate leadership jack welch who transforms general electric into a highly profitable multinational has died at the age of $84.00 well spent 2 decades at the helm of g.e. during that time he went on a cost cutting spree slashing thousands of jobs along the way under his watch the company's market value through 30 fold. the german economy is in need of skilled workers and health care professionals from abroad are especially in demand our next report takes us to namibia where recruiters are hoping to persuade nurses to begin their careers in germany good for europe's top economy but
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potentially a brain drain for africa take a look. it's likely nervous. she's only been learning german for 5 months and is about to do her 1st job interview in the language staff members from the university hospital does that often germany have travel to number 4 it. has been you know my name is yet to occur on 23 years old. i'm not married and have no children. yellow are nursing at university but has not found a job since it's a story many of her fellow students share. namibia's economy is in crisis at the moment yeah lives with a cousin but she hopes that soon a job in germany will help her support her family financially i freely said good opportunity for my place in the. development. of my career.
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and for my for the things i want to do in the future once she has safety enough money she hopes to study more or return to the media. the head of the number b. and nurses union demands more government investment he says most hospitals are understaffed and she feels that qualified personal rights not come back. the government in the say i will from here and help to be also. because. sometimes we are loosing a lot of money which was supposed to be utilized. by the scenery by a medical. system the health minister wants to employ an additional $4000.00 nurses but there isn't enough money to hire more now maybe as $1.00 of the very few african countries that trains more nursing staff than it can employ a. country like germany is
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a developed country you know i think and they have different approaches to different clinicians so it is also good for them to get exposed. and then come back to a place in the country this has been a lot of talk about pray and pray. but. this has not affected and i mean. the meantime the nurses and into a waiting for the results of their job with us. and i can tell you that we have decided that we want all of you to come and work for us it's. just. you know you think it's very exciting and i can express how i'm feeling very very very excited they've got the job now the nurses just have to ask them which tests
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then they'll be off to just april. 8th it was right there was the leader i. felt awful certainly becloud to how that's it from me and the business team here in berlin you can get more on our website dot com slash business or on social media to drop us a line on facebook and. for maintenance guy and take it. they
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back into the history of slavery. i think will truly be making progress when we all accept the history of slavery as all of our history. our documentary series slavery routs starts march 9th on d w. how's it feel. where i come from the show. that glitters is gold it's just like those chinese foods does measure of where i believe this reminds me of code after decades of living in germany chinese food is one of the things i miss the most but that taking a step back i see 600 to the difference being knowledge then of goods 1st as money going to asians that exist to other parts of the wall haven't been implemented in china that's why you cannot have chinese people wondering if their foot is safe but if people have a right to another little piece of that is this is a job
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a job that of them how i see it and justice and why i know my job because i tried to do it except it is an hour a day by name of the uninsured and i work at d w. m . d. in times of great uncertainty slowing down for a 2nd to look out of purely human moments can bring some relief but then based photographer can be is my guests on today's program and also coming up. iranian film is in the spotlight after the country picks up its 3rd golden bear in 10 years at berlin's international film festival. and in our series 100 german must reads cut to petoskey as quest to uncover her own family's fate during the holocaust becomes the
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moving memoir called maybe best of. all the title of his exhibition reads like poetry 6 songs swirling gracefully in the taught air but it's visual poetry and images that can create so masterfully the british nigerian photographer captures those fleeting moments of life all over the globe to show us just how similar we really are. to the beach in lagos nigeria. photos by. him be the london born nigerian has lived in berlin for 30 years. as work has already been shown on the document in the car song but this is his 1st show in berlin. these dark images of big city life in africa and europe are can be.
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