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tv   Business  Deutsche Welle  March 5, 2020 12:30am-12:46am CET

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suffering all beings from nothing. of the. 60 minutes following t.w. . every journey begins with the 1st step and every language with the 1st word published in the book. is in germany to learn german why not learn with him it's simple online on your mobile and free to sell. the learning course nikos fake german made easy. it's a story that won't go away from consumer behavior to market movements the coronavirus continues to dominate the world of business as companies see profits wiped away lawmakers in the united states approves a plan to fight the outbreak we'll take a closer look at what's up state. also coming up try getting your hands on face box
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or console the times are in germany shelves are empty out the shops for the 4th time to buy. on time some of the world's most fairytale destinations are waking up to the reality of declining tourism from china. this is state of the business i'm kate ferguson welcome the u.s. house of representatives has approved a plan to spend more than $8000000000.00 on fighting the coronavirus a large portion of the funds will be spent on vaccine research a further $430000000.00 will go on overseas aid meanwhile the international monetary fund has pledged $50000000000.00 for countries hit by the epidemic its managing director says the situation is serious. the impact and then we have more dyess in our use we are considering unfortunately we have moved in the territory of this more. we also know that we have
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a sound financial system much more resilient than it was before the global financial crisis. and one industry that's really feeling the pinch at the moment is aviation earlier love tons honest it would be granting $150.00 aircraft this offer ever ready suspended flights to china and onto late april in the swiss and austrian airlines european airline executives warn that the worst economic damage is still to come. now let's talk more about all of this with you delta's financial correspondent yes on wall street hi good to see you know these are incredibly turbulent times for aviation some analysts are even comparing this situation to the losses and current sharing the financial crisis in 2009 is this a fair comparison at all. well it's difficult to compare today's
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situation with what happened a good 10 years ago back then the crisis was not necessarily target glee targeted specifically at the industry now travel is all the focus when it comes to the coronavirus the situation is clearly very severe just here on wednesday united continental airlines actually announced that there will be cutting 10 percent of the mistaken 20 percent of international flights we have daily new companies coming out saying that they do not allow their employees to travel and when you look at the leisure side also a lot of people are just i'm confused they're scared and they're not doing their trip at the moment as well interestingly enough after some severe drops in the stock prices of airlines we saw because of a recovery when it comes to the share price of the big u.s. airlines. and this is the backdrop to which u.s. vice president mike pence has been talking to airline executives what are they
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talking about it do you think that the u.s. government is going to give the industry any specific help beyond that 8000000000 that it's investing to fight that i break. while at least not yet and what did not come on the table when the airlines executives discussed with mike pence was the word bailout remember back then after the terror attacks of 2001 george w. bush big then offered a good $15000000000.00 bailout to these so we're not there yet but the big unknown clearly is for how much longer this situation is going to continue but at the moment specially the talks in the white house it was more what airlines can do for the country and not so much what can the country do for the airlines so one topic for example that was discussed to help trace the travel of their passengers ok so a reciprocal relationship that ends call to us always thanks so much for your insights
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. meanwhile as demand for oil full saudi arabia and other members of the opec oil cartel has been trying to persuade russia to join them in causing it puts the aim of such a move would be to stabilize prices which a full and by 21 percent since the beginning of this year a drop in factory i pushed the decrease in travel are mainly to blame for the decline. in the global exports have taken a big hit as well with a shortage of industrial parts from china disrupting supply chains around the world as panic buying takes hold many countries including germany are limiting exports of crucial items like face mosques and other protective gear face masks and disinfectants is sold out in this building from the sea and as they are in pharmacies across the country when using merged germany's 1st coronavirus patients many people began stalking you. now replacement supplies are hard to come by in
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bits of must masks and disinfectant so completely so there's we can't get hold of anything from our suppliers. but most small samples where i can get hold of 3 or 4 bottles but then they're sold out inside 5 minutes food. protective clothing is running out production lines in china stood still just as the whole world wants to stock up on masks and disinfectants the shortage is a prime to the german government to ban exports of protective gear and they've also raised industrial alcohol for emergency disinfectants on top of that major events are being canceled or postponed in germany the latest the huge handover industrial fed has been pushed back to july. and even diamonds aren't immune the world's largest producer of precious stones de beers says sales of rough diamonds fell by
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more than a 3rd in february the company is struggling with a drop in to monson customers who sell jewelry in china sales for the 132 year old company had a ready food on the decline because of an oversupply of. now let's take a look at some of the other viral stories making global news. a survey has found that 2 thirds of japanese companies are seeing a dent in their earnings this car giant toyota says sales in china fell 70 percent in february the country is the world's largest often marcus'. the japanese government says it remains committed to hosting the olympic games as planned the announcement comes amid growing speculation the event may be postponed until later in the year as things stand now the games are due to gold on july 24th. china's decision to bomb all group travel was hailed as a sensible step for global health but for fairy tale destinations like germany's
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noice spawn stunning coffield the decline in chinese visitors is turning into a bit of unlike their. a night mist partially shrouds the fairy tale castle of noise in the various prime tourist attractions seems peacefully aloof visitor numbers have been tumbling steadily since the corona virus outbreak. neighboring towns normally host $70000.00 tourists a year from china overall that's only about 5 percent of the people who visit this area but for those hotels restaurants and shops which have specialized in welcoming chinese tour groups the virus has quickly become a real problem. its effects are selective it hits all the businesses hotels and guest houses which work closely with the chinese market 'd with chinese group as for instance they're feeling the loss of revenue very very strongly and it can be compensated for it all in the short term. like this restaurant which targets chinese travel grapes it's now closed until further notice. and this
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eatery and hotel has also shut down for the time being. companies tailor made for asian tourists are located here and around the castle they include a range of businesses with pottery watches and jewelry made in germany made in switzerland fast tracked shopping tax free and with a direct connection to asian payment systems. that tourists like these 2 seem to have very little extra time on their hands. because several countries inside turned it's clear that sightseeing and shopping are on their agenda when you can combine them both in one location and that's a major time gain on the show deal and a huge advantage. it's still too early to estimate losses this 4 star hotel has a broad customer base serving tourists from all over the world less than 15 percent
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come from china but the increasing number of cases which are up. airing in other countries and the mounting number of travel restrictions could become a problem. or had a few cancellations through the iris doesn't hit too hard up to this point and we're hoping it doesn't get too new for any length of time at some point things will stabilize and get back to normal. the high season is only around the corner and everyone here is hoping that the situation will ease by then even if that doesn't look likely right now. and even super spies are just getting this viral news story the producers of the latest in the james bond film series say they're pushing back the release date. no time to die it was supposed to hit so the wasn't a fall but is now being put on hold until november and g.m. and universal the companies behind the film the situation in the quote global
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theatrical marketplace for the delay that people stay away from large public gatherings to the virus every. time to get double 07 on the corona case that's it for me and the business here and more on our website dot com business we're also on social media do drop us a line on facebook and twitter for a link that's go by and take it. place
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a country that i'm playing. yes. thank you for this drama. it's all that. i'm rachel joins me from the german. post. greetings from berlin and a warm welcome to the latest news from arts and culture i'm karen how instead of here's a quick look at what's coming up on today's show. meet the germans that is back and in honor of international women's day my colleague rachel stewart gives us the lowdown on how are the males in germany today. and we'll be meeting up with a photographer on a mission to find the hidden and likely place that classic cars go to.
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start with an explosion of energy in the form of one nicholas kurla he hails from fireworks in southern germany and even though he's only 15 years old he's got star quality on stage as a dancer all at the recent world dance cup in behind a guy in portugal he was named dancer of the year from a field of 6000 participants not poetry in motion doesn't come easy. you let go you let your body do what it wants. and can do everything to take the audience with you. when you've got them it's such a relief there is just bumps joy.

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