tv Business Deutsche Welle March 10, 2020 7:30am-7:46am CET
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i still do not have done to claim. april a d.w.i. . after a horrific starts to the week trillions of. dollars of stocks around the globe asian markets show a convincing recovery so was monday's oil price shock just a flash of the pound or do we have to get used to high volatility for one. after the ethiopian airlines crash investigators concluded yes it was boeing's flight control system that sent 150 passengers and crew to that.
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paper used to be good business but off the china stop accepting trash from the west companies in europe are feeling the heat. this is you have your business i'm going to come after the massive beating markets took worldwide on monday stocks on the asian exchanges started to creep back towards recovery on tuesday saying it gained almost 2 percent israelian stock index a.s.x. also regained some ground japan's nikkei struggled all day to climb out of the criteria but was finally in plus territory by the end of the trading day and all prices which went down to 31 dollars per barrel on monday the lowest value since the gulf war in 1901 regained almost 7 percent. so let's go straight over to taipei where we're talking to from our office there what what drove that recovery. well asian
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markets. frayed we lost a line that taipei threaten to restart was the connection a bit later in the show. but we can see to the next stop it today marks the 1st anniversary off the crash of these european airlines flight 302 a year ago 157 passengers on a boeing 737 max plane bound for nairobi lost their lives after a flight control system proved fatally flawed morris from all over the world came to the crash site so mock this week with memorials to the victims on monday aircraft accident investigation bureau released a report saying that the boeing planes software caused the crash not the airlines or the pilots the accident along with an earlier one operated by indonesia's line that led to a worldwide grounding of the boeing 737 knots it is still in effect. at
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all firm representing 80 family members of the ethiopian airlines crash victims responded to the report saying they expected reasonable settlements from boeing really from the law globalization. the committee finds that boeing was at fault because it is signed on to me we have also started the process of depletion in peace treaties we have received all 1st in the morning and we are being the diesel person. fell i see that we have to back from time to start again so what's drove that recovery on asian markets today. agent markets open mics on tuesday while the investors were trying to regain
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difficulty and. talk of the coordinated fiscal in money to raise the poor with getting a lot of asian shares rose from historical lol but the situation now is to remind people of how lehmann fathers clots in 2008 and this time it is even harder for investors to cope with psychological challenges because they simply don't understand nature of the new virus and couple with the impact of all the oil market the whole situation has caused the global chaos. psychology also played a big role in this can you elaborate on that as well those psychological challenges are the lack of the knowledge of a monkey history and human inability to manage risk and most importantly the conflicting message from the world health organization that the actual stand out that china has control the epidemic in after the whole world not to over panic but
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later he said that while we are near in the pandemic proportions and yet again it is said that sound this disease might be the 1st human epidemic that could be controlled in history so the think those from the actual both business think and optimistic unclear and confusing and it's just overwhelming for investors. so from views time office thank you very much. now prices for recovered paper continue to drop part of the reason china wants teams to take the world's rubbish for cash as drastically thoughtful to its imports of western trash exports are expecting prices to go down to 20 then 10 then 5 euros puts on or even less recycled paper used to be good business but soon companies without consumers will have to pay to get rid of it. once a month a truck comes to empty the blue containers papers sorted carefully something
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germans are great at. elon is a small community and huns work western germany. has been driving sanitation trucks through the neighborhoods here for 10 years he tells it like it is. we live in a throwaway society and it's getting worse since people started buying on line there's more and more of it. but more and more is the last thing that sanitation companies need at this point the market is saturated and selling used paper has gone out of style it used to be worth $150.00 euros or more per tonne now a ton is only worth 40 euros that was vital income for many sanitation companies that have to go. to the field with that's a big financial loss for us and we had to increase fees by around 25 percent in
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january of this year with one but mainly because of the fall in paper prices. and of course plenty of people aren't happy about that because. the waste paper has brought just sorting plants like here in frankfurt recently around 8000000 tons of recovered paper were shipped off to asia for recycling the largest customer used to be china but those days are over. china stopped accepting refuse from abroad it has enough problems with its own waste and didn't want to become the dumping ground for the world since the beginning of 2018 beijing will only accept paper with the most 0.5 percent foreign matter german waste paper often has 2 percent and more. so waste paper exports from germany to china have shrunk by 2 thirds the b.v.i. industry association saw this coming and they say now they're working on solutions
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to offer top quality recovered paper. things are developing in the recovered paper sector how and you can see that trend in other recyclable materials to buy it's a worldwide phenomenon that everyone wants good quality the stays the development that we welcome. and it also challenges us here in germany to manage our own issues . thanks to pervade prices for recovery paper continued to drop experts are expecting prices to go down to 20 then 10 then 5 euros per tonne or even less old paper used to be good business soon companies will have to pay to get rid of it. thousands of travel companies hotels and other small businesses face bankruptcy and molly years of our rest have destroyed a once thriving tourism industry officials tried luring in the chinese to visit what they call the real africa but it's not really
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a holiday if soldiers on every side bombs are going off close to 15000 un blue helmets stationed in mali to help keep the peace hardly a batch for tourist destination as it is always the case in any crisis it's the owners of small businesses gritting their teeth a few things moving. a gentle trip down the niger river taking in the landmarks of mali's capital bamako once a very lucrative business for captain dowden but data today he's happy to get even one paying customer aboard his barrow whose business is all but collapsed since the crisis began 8 years ago. but all managed to carry people and goods on large boats all the way to go. with the crisis i've only got 2 small boats left in bamako for tourists to do don't see any more of. hoteliers are also suffering
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for 2012 malise historic sites were major tourist attractions the deteriorating security situation means hotel operators wait in vain for customers like john claude a c. owner of the hotel near a bull who. look at the hotel's completely empty you can tell by the keys they're all standing in the boxes there. if the hotel was full they'd be lying flat. that we only have 4 molly and guests. that we give the last foreign tourists here left 5 years ago that we've not seen any since you all go to a 3rd we've been. outside the mervo the street has changed completely most of the bars and hostels long gone. this was one of the liveliest streets in bamako. there were loads of tourists
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nowadays it's empty nothing works anymore. total desolation so much that i did not feel the foreign visitors have slowed to a trickle down the loss of revenues is ruining livelihoods. traditional mali and works of art on finding buyers nowadays. many of the artisans can barely survive. that the mali tourist also. has been searching desperately for some way of revitalizing the sector. we've got to focus on domestic tourism in the past it was always about foreign tourists so far haven't shown any interest but it's. part. of a daughter is back from his trip down the knowledge and he had $3000000.00 guests on board and will be the last for today as well. as he treated no one was waiting on the jetty when he got back just like every day. before you go british hard
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rock legends led zeppelin have won a long running battle over the opening guitar riff stairway to the u.s. courts that led zeppelin's $971.00 rock anthem is not a rip off a song written for years earlier by spirit guitarist randy walls it saves the band millions of dollars in damages. and that's it from me and the business team get more on our web site that's d w dot com slash is said to do w. here's a quick update on global markets participants. in
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speech prevention and sustainable charcoal production. all of a sow's are available online and of course you can share and discuss on africa's facebook page and other social media platforms. crime fighters to mindanao. and welcome to news from the world of. let's look at what's coming up in the next quarter of an hour. in our series $100.00 plus reads the tortoises a book. of language everything as experience. at a video game like the 5th and final chapter of the cult classic kentucky roots. bots
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we begin with a restaurant that is really trying to do its bit to save the planet's climate change and global warming i'll never fall from the headlines of the moment the owners of the restaurant freya aim to reduce the amount of waste in their restaurant to absolute 0 is this possible food is often delivered in plastic but not to this restaurant. at the end of the day this is one that remains a film if dave is from these delegates and yes me mountain you have free jimmy's face. for you to use every city every restaurant in general should produce things in a most sustainable way rather than take up the 0 waste. operators of a big responsibility to go.
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