tv Business Deutsche Welle March 18, 2020 12:15am-12:31am CET
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if in chino said that fee for his new club world cup slated to kick off next summer will be postponed to accommodate the new dates for the european championship as well as the copa america. you're watching v.w. news on the back of a top of the hour with the headlines visit our website for more news. each still tells my story. on the people who climbed to me built dedicated to me. i am not too dumb to come. on this trip of mine. in the centuries they built me they created something true. contact too much as i must destroy. i have
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mocked my city's gains for centuries to company my country to find i was until the day i mean we've done. nothing done to please distance april and. the us president wants to send a check to every american and he's got support to look at the proposed $850000000000.00 stimulus package in the u.s. and help other nations are scrambling to keep individuals and businesses afloat amid the pandemic. also on the show auto giants dimer a volkswagen and ford are shuttering most of their european production over the crowed of harvest. and as equal pay day comes around again. we look at how as tony
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a is trying to end the gender pay gap by training young girls in i.t. . this is your business report i'm stephen beard is in berlin and it's good to have you with us the airline industry could collapse without significant help from the world's governments and that's the dire message from the international air transport association it's a body that represents the vast majority of global air traffic and it says that companies will need between $150.00 and $200000000000.00 to weather the pandemic and the carriers are short of cash to provide even refunds especially hard hit airlines relying on the lucrative transatlantic route last 6 week u.s. president donald trump banned most incoming flights from europe for 30 days and german chancellor angela merkel now says nani you residents will not be allowed to enter the block for the same period and it's not just weakening demand it's hurting the industry play makers are cutting production as a result of supply chain disruption and employee absences in the u.s. boeing has already asked the white house for assistance and here in europe air bus
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has halted production in france and spain. now helping airlines as part of an $850000000000.00 stimulus proposal from the trump administration it would also send a $1000.00 check to every american among other measures the package would include 50000000000 dollars for the american airline industry a cut in payroll taxes and further loans and guarantees for small businesses and the plans come as governments around the world scramble to send direct aid to citizens affected by the pandemic would still need to be passed by congress. and for more on this let's go to our financial correspondent in new york jose luis de haro jose a check to every american what's the idea here. i would say that it could be unnecessary a step to steven if we keep in mind that here in the us there are more than 50000000 people 15000000 people that are freelancers part time workers or
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contractors most of these people don't get paid if they don't go to work on top of that in some cases like here in new york a lot of people leave by check i mean if they don't get some income by the end of this month they will not be able to pay the rent or their telephone bill or even buy food. not only these rough situation already it also creates a feeling that when the real recovery happens the consumer want to spend immediately afterward and for an economy where 2 thirds of the g.d.p. depends on consumption is the key to keep that confidence alive to avoid a lengthy and teammate recovery. who say when we look at this proposed plan which we should acknowledge has to go to congress and has to be passed it's still not a law yet when we look at it and compare it to the stimulus measures passed during the recession 2802nd pair. well for starters stephen if old numbers come to fruition it will be bigger down there one to go by
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define shell crisis that we are talking now about around a trillion dollars according to the latest numbers also these time that there is much more emphasis it seems on both small businesses and people not just a bailing out companies and specifically banks and for now there will be loans and tax and payment deferrals for companies i mean to be duals loans for business paid leave or clearly if we crucial to the situation there will be also bail and so for a specific industries such as ireland's as you pointed out but also hotels so we could say that the stimulus will try to keep that confidence for consumers and small businesses alive as much as it can so when the recovery happens it will be strong enough those it looks like wall street is reading this proposal what are you seeing there. basically we saw optimistically
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reaction but we have learned something over the past days and weeks stephen is that here confidence can change at any minute so we'll see what happens tomorrow all right was a loser how to keep an eye on the numbers on wall street for us thank you for sadie's benz parent company dime says it's suspending the majority of its european production in response to the coronavirus pandemic and the shutdown affecting car van and commercial vehicle plants will be for an initial 2 week period which could then be extended a dollar says it wants to interrupt its effect infection chains to contain the spread of the virus in its ranks. and i'm sure is alone ford has also announced that it will suspend car production in europe and so is the world's largest car maker folks wagon which had hoped to focus on more positive news turn its annual news conference on tuesday. a banner year. with record profits
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and record levels of investment. but the coronavirus pandemic has put the brakes on what should have been a good day for. turnover and disruptions in our supply chains which will soon be confronted by. the act it will be forced to close down many of our production facilities. in common. work has already grown to a halt to track trees in spain italy and slovakia. and assembly lines here in germany and throw the rest to the european union will soon be shut down for at least 2 weeks. v.w. had expected to continue its winning streak in 2020. but with no sign of an end to the spread of code 19 company brownnose now says it expects a quote very difficult year ahead. and let's take
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a look at how the coronavirus is making business headlines elsewhere in the world. france has announced $45000000000.00 euros worth of crisis measures to help companies reeling from the outbreak french finance minister bernard law said that a large part of that sum comes from the deferral of all tax payments and payroll charges that companies are due to pay this month. spanish prime minister pedro sanchez has announced a $200000000000.00 euro coronavirus a package that includes loans credit guarantees and direct aid and it represents a whopping 20 percent of the country's gross domestic product the government is providing 117000000000 euros with the remains are coming from private companies measures include 100000000000 euros in state backed credit guarantees and unlimited liquidity help for companies. the italian government says it will nationalize the country's air carrier alitalia a new state controlled company will take over the bankrupt airline its takeover is
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part of the wider government stimulus package to combat the coronavirus effect however all its holiness was struggling long before the current outbreak. a truck used from lithuania into poland are reaching 50 kilometers at times poland close off its borders in its coronavirus lock down even one crossing open for trucks coming from the 3 baltic states as well as parts of russia and below routes the concerns are growing that cargo traffic into lithuania latvia and estonia will also be disrupted. and let's stay in the baltics today is equal pay day it's a reminder that women around the globe still make less money than men in comparable jobs but we're going to look at a stone a country that has transformed its economy in recent decades but not the way of many demands women are currently underpaid by more than 20 percent and that gives a stonie of the largest gender pay gap in all of europe. here you can solder
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program experiment and play it just one of the 80 groups across us donia designed to bring girls into contact with technical topics. i'm always waiting for monday to come here i'm learning new things about electronics and i'm not afraid of them like i used to be you know there's you know mostly boys are into tech but most girls actually like it to. the man who started the project is former entrepreneur. he's the brain behind is tony's digitalisation. who have i saw the problem when i ran large companies in italy or we had 300 programmers but just 3 of them are women. if you want to create the same opportunities that exist for men you have to start somewhere. who either get them. in a stony as technology and finance sectors in particular women are paid less than
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men and they have poor career opportunities according to maher joint. model on that same. inspiring equal opportunities and interests is very important i have my own experience with my daughter she's very interested in programming that when she showed interest in school others said that it's something for boys and the boys are the only ones attending those classes meet him i mean she said. that the way some boys. boys. if girls learn by themselves copy kaka believes they will find solutions faster than mixed teams for him just one of the many reasons to bring the initiative to schools nationwide. would look to the maid that they go to the girls enjoy it but they don't always get the chance as our boys and they tend to step back and let the boys go 1st that way most of. the story is one of the most innovative e.u. countries in terms of tech and yet it's always of the furthest behind in terms of
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equal opportunities this next generation of girls could change that. and that's it from me and the business team here in berlin you can of course find out more about these and other business stories online at the dot com slash business and to check us out on facebook and twitter. as always thanks for joining us.
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exclusive inside. the must see concerning part of culture in europe. is to be for curious minds. do it yourself networkers. so subscribers don't miss out on. the. future into tomorrow today the science show on d w coming up. could this towel be a solution to the problem of renewable energy storage. we need a scientist who is searching for new antibiotics from microorganisms. and put it so far away solar system neighbor wassup.
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