tv Business Deutsche Welle March 5, 2020 4:15am-4:31am CET
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home search 5 police and tax festa gauges a number of high profile football clubs offices have also been targeted last month because he has announced he would run for president of the spanish football federation they took us here. you're watching news from the lead coming up next a business with my colleague kate ferguson of course remember you can get all the news around the clock on our web site d w dot com thanks watching. they were forced into a nameless mass. their bodies your jewels. the history of the slave trade is africa's history. in just
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a. full hour in traffic 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 have slavery as all of our history. our documentary series slavery routes starts march 9th on g.w. . it's the story that will go away from consumer behavior to market movements the coronavirus continues to dominate the world does not ask companies see profits wiped away no make this in the united states approves a plan to fight the ad break let's take a closer look at what's on the state. also coming up try getting your hands on face
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box or how sometimes are in germany shelves are empty out shoppers for. not anti some of the world's most fairytale destinations are waking up to the reality of declining tourism from china. this instead of the business line 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 then we have more dire scenario 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 at a ready suspended flights to china and on to late april in the times of swiss and austrian airlines european airline executives warned that the worst economic damage is still to come. now let's talk more about all of this with 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 incurred during 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 the want to happen to good to 10 years ago back then the crisis was not necessarily a target glee targeted specific pacifically the airline industry now traveling 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 they will be cutting 10 percent of domestic and 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 their leisure side also a lot of people are just i'm confused they're scared and they're not doing their trips 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 why they talking
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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 the right 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 dollars bailout to the industry in the years following actually we did see a lot of the big u.s. airlines filing for bankruptcy protection we saw some big mergers in the industry 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 that 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
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trace the travel of their passengers ok so a reciprocal relationship that you and scott to us always thanks so much for your insights. 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 i pushed the aim of such a move would be to stabilize prices which have full and by 21 percent since the beginning of this year a drop in factory i pushed a decrease in travel are may lead 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 masks and other protective gear face masks and disinfectants is sold out in this bill and shaughnessy and as they are in
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pharmacies across the country. when using merged germany's 1st coronavirus patients many people began stocking up now replacement supplies hard to come by in bits of must the masks and disinfectants are completely sold out 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 shortages of from 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 hangover industrial fed has been pushed back to july. and even diamonds aren't immune the world's largest
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producer of precious stones de beers says sales of rough diamonds fell by 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 thing on the decline because of an oversupply. 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 see 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 ever markus. 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 go on july 24th.
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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 noise. the decline in chinese visitors is turning into a bit of unlike their. a light mist partially shrouds the fairy tale castle of noise and 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 it's all the businesses hotels and guest houses which work closely with the chinese market with chinese group for
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instance they're feeling the loss of revenue very very strongly and it can't 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 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 track shopping tax free and with a direct connection to asian payment systems. made up 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 and
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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 come from china but the increasing number of cases which are a p. airing in other countries on the mounting number of travel restrictions could become a problem. or had a few cancellations through the iris doesn't hit is too hard up to this point and we're hoping it doesn't get too new for anyone thought 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 the super spies aren't escaping 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
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was supposed to hit to the muslim april but is now being put on hold until november at g.m. and universal the company is behind the film the situation in the quote global theatrical marketplace for the delay that people stay away from large public gatherings to the virus at a. 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 slash business we're also on social media do drop us a line on facebook and twitter for late that's goodbye and take a. enter
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the conflict zone year after year the war in yemen goes on with no content in sight but who's really trying to stop it my guest this week here in munich is the country's foreign minister mohammad abdullah al muhajir must come to thousands of civilian casualties and be enormous human suffering the full beam from nothing.
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conflict so for the. next often difficult. desperate people. families overcome by fear and distrust dramatic pictures from a greek turkish border. once again refugees are caught between competing political interests. seems the for call the migrant crisis of 2015. these people have lost all hope some peace. in 60 minutes on d w. y subscribe to g.w. books you meet your favorite writer things i like to see myself as the kid sky in the strange grown up world do you know where your books on your. going to they're
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