tv Business - News Deutsche Welle April 17, 2020 5:15am-5:31am CEST
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lation banksy the identity of the world's most mysterious street artist may be top secret but he's just given fans are a rare glimpse of his private life he's revealed his latest work in lock down rats on the loose in his bathroom posting pictures on instagram he wrote my wife hates it when i work from home rats are a common theme in his work and are often portrayed causing mayhem. this is deja vu news in berlin make spicer better watch. what i subscribe to do you know where your books are simply more in the world than book we made. after 5 point. 3 books. they were abducted by the nazis until they can to germany to be raised as citizens
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of the. during world war 2 thousands of polish children suffer. even today many of them don't know who their real parents were. they've lived with this trauma for decades. d'evelyn children the kidnapping campaign of nazi germany starts april 28th. the worst ever period for the us labor market 22000000 people lose their jobs in just one of months meanwhile a government fund for helping small businesses dries up the show is this crisis more than the american economy can bear. also coming up in the era of lockdowns grow. free shopping is one of the few outings still alive and we'll tell you why
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that's proving to be good for small businesses in italy. and how safe is your home office set up the growth in video called has exposed some serious security flaws in conferencing software. this is t w business i'm kate ferguson thanks for joining me one in 7 people in the united states have lost their jobs in the past month and the number keeps on rising more than 5000000 people applied for unemployment benefits in the past week alone that brings the total jobs lost in the past month to almost $22000000.00 the highest spike in the u.s. history many businesses across the country remain closed to prevent the spread of the pandemic meanwhile a $349000000000.00 fund to support small businesses has run i've just money i some more let's cross right over to financial correspondent gets caught in
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a new york yes u.s. president donald trump has made some grand gesturing about reopening the economy what are the risks of making this move too soon. well the big risk has said we might see a setback so that the virus strikes back so economists they kind of use the term w was sold 1st and you have. the the crisis then a little recovery and done another drop but that is actually just an economic alphabet soup but clearly that's the big threat that we might reopen too early and the wires might come back but what a lot of companies are actually saying is before we really really start the economy we need definitely more testing so that companies and specially the employers apply and police feel safe to return to work. in c. mentioned early and that a fund to support small businesses has dried up doesn't this suggest that the u.s.
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doesn't has vastly underestimated the extent of this crisis well i mean there are those reports that the government initially might have underestimated the crisis but then again it's not that washington hasn't really done quite a bit in the past couple of weeks from the government from the federal reserve each pumping more than 2 trillion dollars into the economy and now there is some political struggle going on about a new and rescue package sure for small business owners but this seemed to be some disagreements but want to clear what we're talking about here that is those a rescue funds and that once we get the health crisis under a bit better control then we will see probably more hundreds of billions of dollars of trillions of dollars that are needed to really kick start the economy and what it meant he experienced of people on the ground and then what are you hearing from workers who have lost their jobs that are trying to access these benefits. yeah
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well and just look behind me i'm standing here on broadway in the financial district are usually a bustling was life it's russia who are usually you saw a not so good day well i did talk to a couple of people and to a lot of them are quite frustrated because they're saying they were waiting some of them for hours on line on by telephone to actually claim for unemployment at 8 and eventually if they gave up so that tells us that the unofficial number of people without jobs are probably higher than we already know and experience there is a little bit of hope that once we partially restart the economy that at least some of those jobs will come back rather soon but what we've experienced here was the economy like a light switch the economy got shut off for one second almost to another and unlike it like this which we will not be able to just switch the economy back on as it was
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before. scott in new york thanks so much for your insights here in germany the government is taking a cautious approach to reopening the economy from monday smaller shops will be allowed to reopen as long as they enforce strict social distancing rules some schools will reopen in may but kindergartens and daycare facilities will stay closed earlier we spoke to last cells from the german council of economic experts which is advising the government on its response to the pandemic we asked him just how badly the coronavirus will hurt the german economy. well. presented or protection order economy for this year a couple of weeks ago we thought that this 5 weeks of shutdown. first slowly. opening up 30 economy again. which cost us about 3 percent of g.d.p.
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so a minus 3 percent given that the shutdown it's. much more strongly into relaxation. but expect that the downturn is much stronger that they're going to have a recession that is. folks like and says it will not meet its forecast for this year due to the coronavirus pandemic the german carmakers 1st quarter profits tumbled more than 80 percent to $900000000.00 euro list b.w. is currently restarting production in stages and plans to reopen its facilities in the german city of speak out onto the slovak capital russia is not an expert. now with much of the world in lockdown grocery shopping is one of the few reasons people have to leave the haste because of social distancing rules though this often means joining a long line outside supermarkets initially this has led to a surprising renascence for some smaller food stores where customers don't face
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such a long way. you know so these days of intensity going to go already or has a lot to do since the coronavirus outbreak forced italians to respect social distancing more and more customers are visiting his food in vegetable store. that look at everything 1st i lived near here 2nd at the supermarket they're huge lines 3rd anyway i used to come even before i know him i trust him yes good things and that's it about. the reversal of the trend of currency flocking to giant supermarkets has prompted the renaissance fos mall shopkeepers and neighborhood grocery store is. that these gods and this misfortune is good for us but i don't like the situation anyway because health is at stake. in i go back to leave tess and his staff are quite busy too. despite many people staying at home due to
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the partial lockdown. well not a lot of that in this period we're working more we fought for customers of the nearby workplaces but there's an increase of residents who have returned to buying food in small shops we offer quality products friendly service maybe a joke to make this period less dramatic and people appreciate that to some people were not the hope of all those shop on us that many cost the most we remain loyal to small stores after the coronavirus crisis is over. and to some of the other business stories making news around the world german ventilator maker do they go back is experiencing an unprecedented boom in demand as a result of the coronavirus the company has sharply raised its forecasts for 2020 after seeing its orders for medical equipment surge in the 1st quarter it's also planning to build a plant for the production of end 95 face masks in the u.s. later this year. the international monetary fund is expecting the asia pacific
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region to post 0 growth this year this for the 1st time since the 1960 s. massive drops in industrial and retail activity major supply chain disruption and a huge collapse into demand from europe and north america has been felt across the continent since the beginning of the year. now over the past few weeks millions of people have begun working from home for many this means taking part in video conference calls as a result of platforms that offer these services like zoom have seen exponential growth but the trend has also exposed a range of worrying security kitsis. and age of coronavirus people keeping their distance are seeking to gather list digitally using platforms that don't want some familiar millions working from home uploading sensitive data to klout servers or chatting about work related matters germany's top data protection
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official kevlar is worried. believe him. when attention illustration catch up authorities and businesses are now noticing that the infrastructure was only part of their body and now they have to come up with temporary workarounds a few of them are problematic when it comes to both cyber security and data protection. and some say the popular video chat programs zoom is problematic with reports of hacked meetings stolen data and vague privacy statements. a few of the zooms flaws have tron attention in recent weeks but because they were quickly dealt with they've been viewed as forgivable and still it's an image that suggests the firm doesn't take users privacy and security all too seriously. and c.e.o. eric yuan says zoom is now focusing on security fixes but how is this all supposed
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to work with a lock down and spending more time online while data protection fall by the wayside . we have to make sure that we don't forget the rule of law in light of all this improvising at the moment we're trying out a lot of new things. for me i think individuals should use common sense data can be kept locally in devices instead of uploading it you can encrypt important data those are the basic principles of data protection. in the stopping short now those principles some more important than ever coronaviruses causing major changes to both the real world and the digital domain. and that's all we have type for from the entire business team here in berlin it's goodbye and take.
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