tv Business - News Deutsche Welle April 22, 2020 11:15pm-11:31pm CEST
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and this is what it looks like today see the difference you can even see the india gate from quite a bit away back then. usually the city's roads are choked with vehicles experts say the dramatic changes largely to the sharp drop in traffic and more that the improvement is likely. to be short lived. unfortunately. this is news in that stephen beard is going to be up next with business news stick around we'll be right back. around and try since you can find more information online at g.w. dot com and on. the media channels.
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india. how can a country's economy growth and harmony its people find that when there are doers look at the bigger picture india a country that faces many challenges and whose people are striving to create a sustainable future clipper projects from europe and india. the businesses around the world are struggling but it's a better time for netflix the streaming service record numbers as pandemic measures force more people to stay home. also on the show the clock is ticking for argentina to pay its foreign 'd debt or face what would be the 9th default in the country's.
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and good news for german folks a finnish company has created a new door handle with no hands required. this is your business report i'm stephen beard zimbra when it's good to have you with us well you didn't need a crystal ball predict that netflix would do well for the 1st quarter of the year a growing number of lockdowns across the world and the lack of most sporting events has handed the world's top streamer a captive audience but just how well they've done that might surprise you. not every day that zookeeper would prison for murder for. netflix a smash hit series tiger king has been watched in over 60000000 households since it was released in march. since the start of the year more people have signed into netflix for the 1st time than it any other period in its streaming history. coronavirus lockdowns have seen paid subscribers to its content climb to more than
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190000000 things we are certain is the internet is growing. there are. only. one entertainment they want to be able to escape. other streaming platforms are also sharing in the spoils brought by a housebound entertainment market disney plus has only been going for 6 months and it's already passed the $50000000.00 subscriber mark years ahead of shut you. but netflix has warned its shareholders not to get carried away. you know. 3 q 4 relative to prior years. these are numbers history ms will continue to soar as long as lock down stay in place and movie theaters remain empty.
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or let's go now to corner in new york yes netflix stealing the headlines on a day of earnings reports what other companies stick out for you. well actually the biggest winner in the s. and p. 500 index was the restaurant chain popular mexican drill so they have somewhat adjusted to the situation so that people pick up their food other than that we had to snap so the mother company of snapchat also the social media company is also the way how people could people communicate changes quite a bit so they had a huge increase in daily active users that stock up by more than 20 percent and then on the down side to delta airlines there burning around $100000000.00 each day so that stock got under quite some pressure. here is markets moving up today despite what in normal times would be considered dismal numbers in these earnings
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reports what should we take away from this. well i mean it's really hard to give any predictions right now that's the big problem off a lot of those companies i'm standing here by the way on fitz evan you're not the glamorous mile in manhattan but in brooklyn usually there are more than $500.00. shops restaurants bars liquor stores and so on and so forth and from those 500 locations only about 50 are open so that clearly shows you want trouble we have we still have specially in new york but also in many other places in the united states so yes we have the earnings reports from the big call for h. and they are not really pretty tomorrow by the way we will get to the numbers from intel amazon just to name a few but well what the market is adjusting to is that those stocks got hammered quite a bit early on when the crisis really hit and now where we see a little glimmer of hope that's when we see the reward on wall street.
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companies are awarded when it's not as bad as it seems there for us in new york thank you. now some other market news international oil prices recovering wednesday following a volatile day of trading in which they briefly touched their lowest value since 1999 brant crude dropped in early trading to about 16 dollars before recovering and then gaining to close at over $20.00 a barrel oil trading remains unpredictable as supply continues to outpace demand during the pandemic. over south america wednesday is a meaningful day for argentina that's the due date for a $500000000.00 debt payment that the country suggests it might not be able to make and that could start the clock ticking on a possible 9th state default the country is now racing to restructure its debt but its creditors aren't budging so far. it's the start of the working day at the
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allegro restaurant and when a side has owners. a really rough times they opened a year ago and run up debts to do it not a corona virus outbreak is threatening the existence of these small companies for whom i know you know when they can we close for a whole month to begin with but we realized we were going to go broke that way. so we took a chance and reopened for customers who wanted to pick up their own food. high initial investment we had to find a way to survive somehow. the number of people in. the argentine state is also burdened with high debts the coronavirus crisis and quarantined measures have worsened an already delicate situation the center left government is trying to get international creditors to cut its debt both state creditors and private so far without success there were actual community but i'm not sure a sustainable deaths are those that don't harm argentinians we will only pay them
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if we can do so without violation of people's needs. argentina is specifically calling for international debt to be restructured and interest rates to be frozen. do we want a model to restructure debt repayments we want a 3 year grace period. we. need to use if this does not succeed state bankruptcy looms argentina's finances were in crisis even before the pandemic state bankruptcy could mean the end for the allegro restaurant they are still making ends meet largely because many neighbors order from them out of solidarity. will keep working and our politicians should pay back the debt if that doesn't work that's just the way it is. tina has always been in post shape why should that change now. now right in the middle of the coronavirus crisis argentina
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must rely on solidarity and foreign help. and over to europe where the german auto industry is warming up for a return to production folks wagon and b.m.w. have both announced plans to restart production lines in the coming weeks meanwhile has already started workers on the factory floor and guards are keeping a safe distance the business still doesn't quite look like normal. the face mask it's now a part of their work uniform in that time a factory in stuttgart those who come to work have to follow the new regulations and that means social distancing for weeks long this is simply line was shuttered but on tuesday workers returned to build engines again it would be about this spirit is there the team is motivated and maybe it's a sign to society that things are moving ahead. but not quite like before the plant is now down to only 2 shifts per day and not even half of the $19000.00 employees who work here have returned it could we could get production going full swing in
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just a few weeks but the demand has to be there too often we were forced to make this decision without that demand we're not going to ramp up production was normal and enough of it the. industry experts point out that even before the virus car producers around the world faced a more challenging environment with folding sales yeah that's. at the moment we just don't have corona to deal with before that there was a big loss of demand and the transformation of the car industry towards electro mobility cuss a lot of money now with the coronavirus the industry is experiencing heavy turbulence folks fucking is now calling on the german government to fund a purchase premium for new vehicles dima and b.m.w. say they're also behind the plan their argument is that a premium could boost demand enough to bring back full production but analyst opinions vary as to how effective such a scheme would be. well one silver lining to the ongoing pandemic innovation
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more firms and entrepreneurs are finding clever ways to answer big new questions in finland for example a recycling company has designed a new device to stop germs from spreading on door handles take a look. no a days you don't have to be a german for to get cold sweats when you see one of these but a supermarket in finland has a simple solution handles that don't require hands. yet. it is easy to fire but it is right. this is a good invention very good helpful i think everybody loves this you know. though not everybody has got the hang of the nor hands hand. with contact sophos is believed to be a transmitting point for the coronavirus the idea was one company's way of helping out in the crisis they started to brainstorm how could we contribute to solving told you to surprise us so then
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a bit then we came up with the idea to come up with the sat this is a product of handle and then selected 3 d. printing or for a method of making. fun out the handles are being trialled in just one supermarket but depending on customer feedback they could spread to others. and that's it for me and the business team here in berlin you can of course find out about more about these and other stories online at the dot com slash business to check us out on facebook and twitter i'm stephen bears in blood as always thanks for watching.
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greenland is melting and the buying craze has already begun the melting of the ice sheet in the country has. exposed to valuable land china and the u.s. are already there in new companies are being set up. times is this consequence of climate change a threat or an opportunity for. some crucial europe. in 60 minutes on d w. they were abducted by the nazis and so they can to germany to be raised as citizens of
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the early. during world war 2 thousands of polish children suffered in school. even today many of them don't know who the real parents were. they've lived with this trauma for decades. telling children the kidnapping campaign of nazi germany starts april 28th monday tell you. all about bosch corny henry ford back born in different eras and on different continents and yet they all have something in common they are all pioneers of
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