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tv   Business  Deutsche Welle  March 5, 2020 2:45pm-3:01pm CET

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why be collapses after a plunge in demand for travel. and waste of what not one woman's vision is to turn trash into treasure tackling presidents rising mountains of plastic rubbish. bin for school and let's do business european stocks are under pressure but asian exchanges are holding up today despite the apocalyptic sounding news of a virus spreading around the globe like wild wildfire there are tentative signs of chinese companies of the grinding back to life after weeks of lockdown after weeks of shutdown and quarantine these pictures from china's state news agency show the country is getting back to work it insists 3 quarters of private businesses are already back up thick sharee owners are obliged to abide by strict hygiene measures such as providing face masks and disinfectant for their employees workers have their temperature taken twice
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a day but getting the assembly lines ruling is easier said than done i'm afraid situation on the ground doesn't look so optimistic although the chinese government figures officer figures show that over 70 percent of all of the production has been restarted and in some certain provinces like want all it's more than 90 percent but they are mostly big companies small business reported that only less than 30 percent of them are back at work but they do expect for production in april and almost all workers returning to their jobs in march. more than 100000000 migrant workers still stranded in their hometowns after the lunar new year's break and can't get back to work as many bus and train services have been suspended to help cope the corona virus outbreak it's hard to get back to china southeastern factory built to get keep scots employees some manufacturers are offering to pay much
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higher wages up to $1800.00 yuan on $250.00 a day for specialists despite the renewed activity many analysts say china's economic growth will be fled to negative for the 1st 3 months of the year getting back to normal will take time india has ramped up the screening of travelers as it introduces measures to keep the coronavirus of bay the spike in cases in delhi has prompted the government to keep all state run primary schools in the indian capital closed until the end of much it's also postponed a plan a planned summit with the european union in brussels next week of hari of new cases in india has experts warning it may be hard to contain in densely populated south asia with generally cold medical infrastructure. iran's oil minister says opec ministers have agreed on an extra one and a half 1000000 barrels per day cut in oil production
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a meeting in vienna tehran says if green it allows it to remain exempt from the reduction there's been tension over getting known opec member russia on board preprocess have dropped 25 percent says january because of low demand amid the coronavirus. i should watch hyundai is tracking this story for us as it does have the ministers ever faced anything like this i mean that they're fighting off a virus. well it's certainly unprecedented for them to have personally backed widest fears to come up for this meeting in the 1st place but jokes apart it is unlikely that they would have seen something like this specially the opec plus members but opec countries are the obvious example in terms of opec countries we can actually see sars as the obvious example but that's quite a misplaced ones because assad was not as big as what corona wireless is threatening to be and also it was fairly limited to south eastern asia so clearly
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clearly that's one comparison that comes to my mind but even china back then wasn't as. big a player as it is today i mean it's was not even half as big as an oil importer that it has become today and back then also the oil prices had crashed and the opec had actually rallied to control the oil prices but then back then there was. another factor that was playing rule and that was the invasion of iraq by us so back then it was more about pumping more oil to make up for the shortfall and this time it is certainly about cutting all. produce and this time as you point out we're living in a very different world these cuts that they're talking about i mean will they be able to stabilize markets. well still certainly some good nerves and the markets are now expecting more than expecting that there should be a cut and it looks likely that they may get cut after all additional cut so it's
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going to student no that's far as oil prices are concerned we can only expect a slight uptick there because the oil prices i've already prized in a 1000000 barrels per day of cut that could be the thing but interestingly it's one of those times when the when the world market is. looking beyond supply and demand it is actually looking at how the corn our wildest is going to move ahead how are the countries going to deal with it are they going to contain it successfully or are they going to stay here longer so these are the questions that is actually troubling the oil producers and the on markets one more question from a why is russia being so difficult in all of this. well it's always been difficult to begin with it's been it's been quite reluctant to be part of this alliance in the 1st place so it's no surprise that it is acting difficult because it fears that because the u.s. shield players are not part of this deal of cutting output they are gaining market
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share and it feels that it should actually work towards gaining market share and if you go by saudi arabia's experience that is not the right approach to go about because we have seen oil prices crash through $30.00 a barrel in 2015 when saudi arabia went for increasing its market share so that's one of the things and and the other aspect that russia sees is that it is more resilient to low all prices because it balances the budget even when the oil prices are around $50.00 a barrel in the case of saudi arabia it is 80 $5.00 a barrel so clearly russia sees some sort of score there and that's the reason why it is reluctant in the 1st place but oil analysts feel that eventually it's going to play ball even this time around and as it has done in the past thank you very much for the insight british budget carrier flight b. has collapsed and canceled all flights over and struggles with the fallout yellen
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faced financial struggles well before the outbreak now it joins a list of recent failed british carriers which includes mark airlines and thomas cook. it was a hard landing passengers were left stranded without warning at airports across the u.k. and europe early on thursday morning the u.k. civil aviation authority announced that the airline had entered administration an announcement on flight b.'s website said all flights have been grounded and the business has ceased trading with immediate effect flight b. was a victim of weak demand and fierce competition the british government had tried to save the airline that led to allegations from competitors that fly b. had received state aid. really flight be household name people been flying for 40 years and we really try to do everything that we possibly could back at the turn of the year and unfortunately though with the situation has developed with an already weak company just hasn't survived the
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final collapse came hours after british media reported the airline had failed to secure a 100000000 pound state loan to stabilise the business a consortium of virgin atlantic. capital bought fly b. in february last year for just 2200000 pounds but pledged to inject cash into the airline to turn it around fly b.'s failure puts 2400 jobs at risk and could also see some airport struggling to make ends meet. some other developments on the virus front it just keeps dominating business headlines world food prices have dropped for the 1st time in months the united nations calculates changes based on a basket of cereals dairy meat and sugar prices fell by one percent. increases the un food agency says the virus contributed to the fall by pushing down
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china's imports. trumpet ministration is considering tapping into a national disaster program to pay medical bills. for uninsured coronavirus patients in the u.s. it comes amid growing concern that more than 27000000 americans without insurance will avoid seeking health care and spread the virus. and some of already taken things into their own hands king county of the u.s. state of washington has more than 85 bed hotel in the suburb of kent outside seattle to house patients for recovery from and isolation ju-ju coated 90 each room has its own heating ventilation and conditioning. textiles industry has grown into a $1000000000.00 business but as the garment industry booms so does the amount of plastic waste 8 truckloads of plastic is dumped into the nation's longest river every day it's why one local manufacturer
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a is looking to turn that trash into treasure. as plastic piled up in the landfills near her house in yangon myanmar when the name you had no idea. i wanted to transform trash from the ugly landfill site into beautiful items. with this technique i'm able to help save the environment and earn a living. that's my ambition the police recruitment ok. after gathering thrown away materials like tires coffee bags and plastic bottles wendy and her employees head back to her workshop in store it's called choo-choo house which means plastic house after the team cleans the items they cut them into strips and melt sheets down into workable materials that can be made into bags wallets and even belts. the shoppers here say they like the message behind the products i think this is a great project just to see how you can reuse all the materials that are just
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thrown away now a days and you can reuse them and create something great and magical just as the elephant for example which i really love and it's a really great souvenir and it's better than just to produce something that is going to be there in a way to reuse material as you can actually recreate something as beautiful as this is when he says her city alone throws away 2500 tons of waste every day and her mission at cheechoo house is to show people ways to reduce reuse and of course recycle. nice thing business with a. desperate
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people. families overcome by fear and distrust dramatic pictures from the great turkish border. once again refugees are caught between competing political interests. seems the call of my career crisis some 2015. people have lost all hope some. 90 minutes on w. . the commission to see the law. marvel comics started in 1039 they created a vast empire of superheroes with human weaknesses. have had their share of pleasures and the moving story of the giants of mars observes march the b.w. . passionate drama competition rival
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marketing numbers at least here 5 at a time and technicians love hate money surely an air of spanish style messiah spanish. women love. to go off on you tube joining us. frankfurt. international gateway to the best connection soft road and rail. located in the heart of europe are connected to the whole world. experienced outstanding shopping and dining offers and try our services. be our guest at frankfurt airport city managed by from bought.
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this is deja vu news coming to you live from berlin the leaders of russia and turkey trying to diffuse spiraling violence in northwestern syria largely pushing indebted that their daughter needed moscow to come tensions after the killings of dozens of texas troops and it raises the stakes in the region. also on the program a standoff between greece and turkey over the refugees at the border intensifies with deploying $1000.00 special forces units pulled from the place where the crisis
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