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tv   Business  Deutsche Welle  March 10, 2020 10:15pm-10:31pm CET

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sanders is the best chance i believe that i think he's touching into something that trump touched into my compass of the despair of the country and a lot of people feeling that you know the economy isn't serving us right now i'm looking for the individual who really is going to bring people to the polls and that's really important because if we don't bring people to the polls we're going to find ourselves in the same boat as we were. that's why they say they want to support whoever ends up becoming the nominee and challenge us donald trump. chris cover is up next with business stick around for that. happiness is for everyone schuman penises are very different from primates you know we have a totally ridiculous romanticized view nature even if it is climate change regular sex how in books you get smarter for free books to.
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pursue drama competitions why for marketing numbers here 5 times in traditional 8. 1000000 prime time span and. we put. on you tube. a slim announcement bolstering financial markets after monday's dizzying also as u.s. president from problems with quote major steps to battle the spreading coronavirus will be enough to gird the world's biggest economy. also on the program it's a year since that ethiopian airlines jet crashed killing all. all onboard family
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members gather for a memorial service at the site of the crash the tragedy compounded by what victims' relatives describe as being way too little compensation. on crystal ball welcome to the program around the globe investors are still wary after monday's shock trading session the coronavirus and the steep drop in oil prices remain big concerns for markets all prices are up by around 8 percent with russia now or not excluding negotiations with other oil producers over virus lead production cuts due to lower demand now european markets struggled with both germany's dax london's footsie and milan's exchange losing ground as europe tries to prevent a further spread of the coronavirus in new york investors focused on president donald trump who promised major steps to cushion the economic impact of the virus that helped to propel the dow jones industrial average closed nearly 5 percent
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higher recovering some of monday's debt now for a closer look at the financial markets let's cross over to new york and our correspondent host louise narrow. congress already approved a more than $8000000000.00 to fight the virus what exactly is on the table now in terms of economic stimulus. well right now that negotiations they continue it seems that down to main proposal on the table right now is either a cut in or canceling depayin roll tax for the rest of the year mainly taxes from employees and employers to pay for social security and medicare doing so will save money given to all around $50000.00 a year or about $3100.00 according to secretary of treasury and stephen nation there is some consensus among legislators humbled sides of the aisle to act i believe earlier on the day dawud said there will be some kind of help for airlines
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and cruise operators and by the republicans one to avoid anything that will bail out and the white house is also considering federal assistance afford to show industry has all the prizes. in days that deal to do that price war between russia and saudi arabia also in focus for those who don't get paid if they are seek or can go to work will take a look at the all prices just a 2nd here but if we look at the figures from tuesday the dow up by almost 5 percent is it safe to say that investors are buying these economic stimulus plans. investors are still some kind of cultures. in our focus on both the a scope and the timing of the pisco package both factors are crucial to avoid a deeper a slowdown and on the monetary front and defend already cut rates the last week and probably will do so next march 18th even if trump keeps criticising the u.s.
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central bank but there is so much a cheap money can do so wall street now is focused on measures that will guarantee dad american consumption and competence to get somehow healed from the virus disease easier said than done but some legislators point out to a robust us strengthening of unemployment insurance food security or paid families seek leave among all the measures that will help you as a consumers to deal with this situation much better than expected jose luis daro new york thank you. now the coronavirus has been devastating all prizes and ordinary russians are likely to feel the impact as the ruble is losing value precious currency as tumble to a 4 year low since it deal in global oil output cuts unexpectedly fell apart last week hammering oil prices google is the worst performing currency against the dollar this year it has lost over 17 percent of its value russian central bank will
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sell for currency for the 1st time in 5 years to prop up the ailing curves. now while latin america has not been as badly affected by the coronavirus so far markets and currencies have plunged as fears of escalation rattled investors nerves the united nations says economies like argentina and chile are particularly vulnerable. argentina was already reeling from recession high inflation and a weak peso the coronavirus and it's a toxic mix in the past few days the stock index has taken a battering investors fear dwindling trade in the collapse of tourism to destinations like the capital when his arteries and patagonia. the un straight in development agency says latin america is under threat. in the latin american region which is also vulnerable region we're looking at an economy like argentina. has
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been contracting as a consequence of its. difficulties with servicing its debt. that's an economy that will again be struggling as a consequence of the knock on effects of this crisis next door peso has been slammed by volatility linked to the world wide spread of the virus as well as protests over inequality and social injustice that have weighed on the economy. economy is largely driven by exports ranging from salmon to wine and fruit and vegetables but the coronavirus is also hit the country's biggest export copper as demand in its key market china plummets. tuesday marks one year since the crash of ethiopian airlines flight 3021 year ago a 157 passengers on a boeing 7 various have maxed land bound for nairobi lost their lives after a flight control system proved fatal if lot
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a monday theo p s ak raft accident investigation bureau released a report ball story earlier assessments which found that not the airlines or the pilots but the boeing's plane software cost the crash. still in mourning one year after the crash these people who lost relatives and friends traveled from friends to address ababa ethiopia u.s. aircraft manufacturer boeing has pledged about $150000.00 for each victim to little many say now the families are suing boeing in court they accuse the aircraft manufacturer of neglecting safety. we were perceiving either of them and the all 1st that boring cuss me. out now that a 7th of all. for most of our clients we have already settled 20. 8 kids we're going to continue with him additional process
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a we're going to continue with the case the sequence in the ethiopian government's interim report on the $737.00 max crash found systematic design flaws in the plane for example the automatic control system was faulty so that the aircraft was steered towards the ground the reason for the crash since the accident the $737.00 max machines have been grounded causing boeing a loss of nearly $4000000000.00 the company is currently working on getting the planes recertified but new problems keep cropping up most recently with the wiring in spite of the problems boeing expects the $737.00 max to be allowed to take off again in the middle of this year. and if you want more detailed coverage on boeing the fate of its 737 max and the role of u.s. every nation regular f.a.a. simply go to our web site that's the w dot com slash business there you'll find a lot of background information. and now to
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some of the other business stories making headlines the german institute for economic research has warned that the coronavirus will drag germany into a recession this year germany's export heavy industry is badly hit but other sectors like the hospitality and travel industries are seeing tough times as well the institute highlighted risks through employment saying particularly part time workers could see their income sources drying up as a bank says it's dispersing its staff to different locations after a franc for base worker contract the coronavirus at the european central bank one person has also been diagnosed with the virus and 100 of their colleagues are working from home as a precaution bajirao finance minister has announced a slashing of the budget in the face of plunging all prices currently oil is trading around $20.00 below what the energy exporting nation needs to finance its budget just how much nigeria will be forced to cut will be determined later discreet. india's top tourist destination is the golden triangle the city
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of j. poor delhi and home to the top small but the spread of the corona virus has taken the last of the sites in recent weeks visitor numbers are down and businesses are under pressure an elephant ride is one way of seeing pours amber fort one of india's most popular sites but it's a lonely or ride these days fewer tourists are coming to poor chinese visitor numbers have been down for weeks and now after 16 italian tourists who visited the city later tested positive for corona virus worries have shot up the city's hotels are seeing cancellations of almost 80 percent and toward gods are feeling the pressure. our business is like a wall all for glass on a small east on canebrake whole wall so this kind of news coming from everywhere from the international media domestic media soft post this here if we have almost
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40 to 45 percent cancellations but it's nearly my t. groups of the macho cancelled already. many still make the trip to see the famed city with precautions of course but even those who want to make it work are finding it more difficult. to try to enjoy the. hurt that our trip to. spain our hits but the question is now when the epidemic will calm down and if merchants and swore guides can hold out until then those answers are yet to come into focus. and that's our show i'm rolling thanks for watching.
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there on the frontlines of protests. self-confident. render. lebannon. the battle against an antiquated gender is taking shape. revolutionary. how long is the path to
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a closet. 3000. to 16. with different languages we fight with different things that's fine but we all speak up for freedom freedom of speech and freedom of press. giving freedom for its global news that matters. for my arms. my story. of the people who come to me builds me. mobsters. i am not too dumb to. listen closely and i will tell you about those who are good to me on.
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my city days for centuries and accompanied my country through its finest. until the day i mean the. do not to dumb to. april. this is due to the news africa coming up in the next 15 minutes bowing proud as they passed across but that's little consolation for one can't get family if you want to check mate that's it compensate them for the loss of their son's life the way he used to help us all our hopes were in him that we looked up to him because when we told him our problems he was always quick to send us some money he didn't
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want to see his parents something. bad judgement day is nearing the ugandan warlord.

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