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tv   Business  Deutsche Welle  March 13, 2020 5:45pm-6:01pm CET

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and how japan's famous stocking companies from fukushima managing to stay afloat almost a decade after that nuclear meltdown. and i've been one that's your business it's been quite a ride for markets around the world this week mostly in the one direction downwards asian indexes were in for much of the pain even as china continued to send positive signals about declining case numbers and factory reopening it's taking a look at how shares fared over the 4 week not a pretty picture on kong's hang saying down almost 10 percent after investors dismissed the government's stimulus plans tokyo's nikkei and the south korean costly both enjoying double digit losses as the global scene worsens but it's not just the stock market that's in turmoil ordinary small and medium sized businesses are fighting for survival it's causing a big headache for global supply chains especially with firms that source from china. life in china seems to be getting back to normal at least that's what the
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images on state t.v. would suggest everyone is still wearing face masks yet slowly but surely they're taking to the streets again and factories have reopened even in the hardest hit province who bay but conditions are different from region to region. one of the world's largest online department stores auto has around 600 suppliers in china last year they imported 80000000 articles from there the company relies on good supply chains. was to see no the recovery rate on the factory side more than 80 percent effective i have reopened you know to the return of the workers by foreign cities to send so every additional label yours it's 2 to 4 weeks so we really see a way to be an improvement for china but since we are a global company now we're worrying certainly about other places like turkey in you know out there what will come of this and what will be the impact. of the chinese
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economy is also starting to feel the long term effects. foreign investments have sunk by 9 percent since the beginning of the year. moving on as more schools and companies close across europe the european union has the amok 37000000000 euros in structural funds to help out firms impacted by the coronavirus here's what commission president also found alive had to say we don't know the price is not only dangerous. that it is also hitting our economy. it is a major. label and all the european economy and we have. a bull action and all. this it is not a 37000000000 euros or in the response. to the ground or
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to the help. to the labor. well let's take you over to our frankfurt financial correspondent chelsea the lady what's the reaction to that speech from for the line. $37000000000.00 it's certainly wall excuse me euro zone certainly welcomed by investors but what's really important is the fact that the e.u. commission is going to allow flexibility and budgets and then it within the e.u. e.u. countries are sort of they have to keep their deficits at a certain level they can't really go above that that's going to be a big problem for a country like italy which already has a huge debt burden about 130 percent of g.d.p. and now they are just facing normalcy economic challenge that they need to combat with a lot of with a lot of spending they need to keep money flowing to businesses they need to keep
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money flowing also to consumers who are out of work right now and under normal rules they wouldn't be allowed to do that so the fact that they are signaling that italy and other countries are going to have flexibility is seen as a really crucial part of this part of this announcement to maximum flexibility from the e.u. and as far as the german government goes no limits. no limits at all this is been a pretty big surprise because the german government is known and has over the past several years been quite hesitant to spend a lot of money and they really stuck to a very low debt deficit so they're really throwing that all out the window and now they're talking about having $500000000000.00 euros available to lend to businesses unlimited credit for it all types of businesses they're talking about tax cuts tax cuts we're talking about even nationalizing some businesses if it gets to that point they don't believe it's fair right now that this is really instilling
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a lot of confidence in investors who had started to doubt the ability of both government. and central banks to offset this crisis and that's one reason why we see markets come right back around today just a gloomy things for covering the chaos for us in frankfurt. iran is in a tight spot the outbreak is just the latest strain on its reeling a commie u.s. sanctions have slashed its oil exports the world bank says tehran needs to export 500000 barrels a day to stick with its budget at the moment exposed reckon they're only managing huff that oil prices also plunged over the past weeks so with revenues drying up iran's economy is shrinking by about 9 percent this fiscal year according to the world bank in the 10th of economic output gone. into the coronavirus these pictures are from the march case numbers have only reason since then emptying out markets around is now asking for a $5000000000.00 rapid loan from the international monetary fund central bank
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director. says it's urgent as he points out no one should lose his life because of a lack of funding for medical equipment well let's talk about this with theresa trumpet she's just back from tehran one about the w. reporters to raise a how dire is the situation and the need for these i.m.f. loan very diana otherwise they wouldn't be asking for that's for sure because it's the 1st time in 6 decades that iran has asked for help and i mean if you remember how big of a role the united states play in the fund then it's actually quite remarkable day even doing it now because it basically means this public is asking its arch enemy for help that shows how much help is needed right now to battle the virus and its economic consequences of course because you also have to see that iran's economy was already in a pretty bad state before the outbreak began and basically ever since the u.s.
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pulled out of the nuclear impose fresh saying people and businesses. i've been struggling to make ends meet on the virus might know pushed them over the edge so that's why iran's foreign minister has urged the i.m.f. to act and he treated the french it here to its mandate stand on the right side of history and act responsibly the i.m.f. has already said it would help out countries in need but the u.s. isn't going to budge on those sanctions is it well that's the big question here because of course those sanctions also have a very big effect on the fight against the virus and they might even have something to do with the actual outbreak because this sanctions made it impossible for iran to do business with other countries except china china was it's a lifeline to circumvent those sanctions and they kept doing business with china even after the outbreak there because you just can't stop doing business with the only country that still doing business with you and even now the sanctions having an effect on the fight against the virus because iran has a severe lack of medical equipment not so much because there are sanctions against
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medical equipment but because of the financial sanctions that make it almost impossible to buy stuff from other countries and actually pay for it so sanctions are severely hampering the fight against the virus but so far from washington no signs of lifting them it sounds like the establishment in tehran though has been its own worst enemy because iran has not done a good job of containing this virus in the 1st place not so much many iranians are blaming their own government for mismanaging the virus crisis for doing too little too late because iran has actually has a very good health system in the region but that's not enough because the outbreak started in a city with many students with many clerics from other parts of iran from even from other countries but there was no karen time imposed so people could travel to tehran and to other big cities as well so that allowed the virus to spread. and big
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events were also not canceled not even the parliamentary elections that went on this planned like i think just 2 days after the 1st cases where reported many people are very critical of that and apparently now they're changing their mind and imposing stricter measures but that won't change the fact that many iranians do not trust their own government when it comes to protecting them and they come so late thirty's in trouble thank you very much for filling us in. the japanese region of has a long tradition of making the highest quality sucking around as you know it's also home to one of the worst nuclear accidents in history 9 years on some parts still off limits for humans so how have the famous sucky companies managed to stay afloat . over the years yoshihiro mia maurice flagship saki sharrock who has become one of japan's most popular saki brands after the earthquake in the following tsunami and 2011 nuclear reactors in fukushima started melting down and radioactive
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material was released from the damaged reactors that caused concerns about the effect of radiation on rice and water in the region key ingredients for saki. and heidi given that inequality kill i completely understand why people were worried it was at the read about us and using race in water from fukushima heidi. we have been told about their concerns many times that the equivalent of 9 years on fears of a radioactive contamination in food continues but in spite of that fukushima is still the most renowned prefecture in japan for making socket brewers here still win the most trophies at japan's in from a sleek tough soccer competitions despite the uncertainty caused by the disaster. now i'm sure from november right after the earthquake we had no idea what would happen. like the amount of radiation there would be in the race we had nothing to
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compare it to. i was concerned we wouldn't be able to make sakhi until it was confirmed that the radiation levels were safe and that the water here could either go i'm sure other soccer makers in fukushima felt the same way. the fukushima region is hoping for a boost when the tokyo 2020 olympics begin on march 26th. by saying business with it.
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the claim . this is the news live from berlin germany proposes unlimited credit to help its economy whether storm government unleashes more than half a trillion euros in aid to help shore up businesses hit by cope with 19 it's the largest rescue package since world war 2 also coming up schools close borders tightened and businesses are on the brink as europe becomes the at the center of the pandemic across the continent governments top in their tactics to slow these.

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