tv Business - News Deutsche Welle April 25, 2020 5:15am-5:31am CEST
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away and she's already got another gig lined up she's going to be starring alongside tom hanks the next time people start making movies again she's up to stars next to him and then i'd like to mention alpha chuck who won both best actor and best supporting actor this year this is an actor what wasn't even on my radar a few months ago and now starring both in system crasher and berlin alexanderplatz he's really a name to look out for the deadly culture correspondent and film expert scott rush for thank you. and without iraq tonight more news coming up in 45 minutes time for now thanks for watching. it's a deadly sin. and a whim of nature. it motivates us. and threatens to ruin us. greed. the
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insatiable desire. to do that drives our. country puts it in danger. why don't we greedy. we go in search of answers in a documentary show. starts may 21st v.w. . rabbit. small businesses begin to reopen in some parts of the us despite the continued rise in coronavirus case numbers look at why some states are in such a rush to get back to business as normal. also in the show's start up struggle to survive at a time when cash is king and many are light on reserves. and will
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bullfighting get a bailout the industry wants help from a dread but animal rights activists hope that the pandemic can finally kill off the practice. this is your business report i'm stephen bears in berlin it's good to have you with us the u.s. state of georgia has become the 1st to allow small businesses like bowling alleys and hair salons to reopen despite the warnings of public health officials state leaders say companies will be required to take appropriate safety measures that the decision has run into. broad opposition among businesses and the public cases of covert 1000 continue to rise in a state which has one of the lowest testing rates in the nation. and for more on this i'm joined now by our financial correspondent in new york yen scored a yes how exactly are businesses and the public reacting to this reopening in georgia. well i would say overall there's some nervousness on the other side to georgia especially is seen as a kind of a guinea pig
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a lot of the other states just curious how things will actually work out which when you slowly restart the economy one of the questions clearly is which businesses will open because a lot of the bigger companies are actually saying they're are on a wait and see mode before they restart and then also the question is how many employees actually will show up for work so everybody is watching what is happening in georgia in the next couple of days. and we know we know already that some states do plan to follow suit in the coming days why is there such a rush to reopen in the us when the disease is still spreading pretty rapidly. well to put it simply it's people are desperate we don't have the social systems that you might see in some parts of europe of people losing their jobs by the millions people do not have any big savings at least most of americans don't own so
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they're just desperate desperate to get back to work and make some money to actually get life going but there is clearly this big debate if it's a very good timing from georgia as far as i know cases are still increasing are not slowing at this point jim some of the local mayors in georgia actually are not happy that the governor is trying to open the state that fast but well to put it simply it people are just quite desperate and they're just hoping that the restart of the economy as slow as it goes will work out without a kickback in the cases of infections all right yes quarter there for us in new york thank you for let's go over to europe now german business sentiment has plunged as companies real from the effects of the coronavirus crisis and that's according to a new report from the country's efore research institute which says the key measure
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has hit its lowest level ever and that there's no improvement in sight with the ongoing lockdown restrictions in germany and abroad companies expect the slump of demand to continue so the situation is especially dire for small businesses and startups. as mentioned the start ups in particular face a unique challenge they invest the bulk of their revenues into research and development that leaves them little cash on hand now while some are adapting others may have to fold. in a matter of just hours the largest series build 3 d. printers can manufacture industrial parts or prototypes up to one cubic metre in volume the high tech machines are made by a berlin startup big graham c.e.o. martin back sells his gigantic printers on every continent and he's made the company a world market leader but now during the coronavirus crisis many of his customers are struggling to survive in january orders stopped coming in from asia then europe
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and the us followed and now the company has had to go to reduced working hours. if i would just our costs and the lower revenues who are saying now and expect in the future we notice our customers are clearly reluctant and there are logistical problems too we're a global company in asia we've had major problems delivering our machines but also installing them and bureaucratic procedures like customs clearances are all disrupted by. it or in berlin almost all of the 100 employees are working from home it's the same for the branch offices in singapore and boston and the daily video conferences aren't enough to make everyone forget that every day not producing makes the situation worse the industry association become monitors startups throughout germany whether technology mobility or software companies sales are falling off everywhere and financial reserves are dwindling become specialist
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mount of which says startups usually fall through the cracks when it comes to the numerous german government aid programs i know. to qualify for these programs the startups must already have made a profit but that's very rarely the case because startups invest all their capital in growth and as a result they usually don't make any profit in the 1st few years. that big red martian back in his team have developed 3 d. printed face masks he says he wants to help others during the coronavirus crisis. it's actually pretty easy to write the at the end of the day you just need to make a new model of what can you do and even as on the part that you want to reproduce and then you just think created this is a machine so we're talking about instead of moms almost 20 of big groups 3 d. printers are producing either ventilator parts or face masks around the clock they're printed and then sent to doctors and hospitals the company either gives them away or there is so little cost. well this week began
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with 2 of the wildest days an oil trading history as the u.s. benchmark plunged to minus $40.00 a barrel and the price collapse and oil firms scrambling to limit the damage created from a fall off and consumer demands among them nigerian oil company a wanda whose chief operating officer spoke to the news about the impact. oil fields in the niger delta have been pumping black gold into the nigerian economy for years accounting for 60 percent of annual revenues and tarnishing it into africa's biggest oil exports or this week's price collapse however has shaken the industry. the entire world today is shocked at what's going on in the street is never seen in these numbers or these complexity of the problems we have and cultural issues that have come together to create what i would call
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in my time the most worrying. being nigeria's largest drilling and refining oil company is particularly exposed to the fluctuations in the global oil market. at 0 price there's no business there's no commercial case for spinach in existence so we look for it and that's and that's what. the government has asked for a 7000000000 loan from the i.m.f. and offered concessions to the energy sector but an existential question lingered in the air this week is this the beginning of the end for oil. might take a while before. you see people change their habits and so i'm taking all this into consideration trying to. see the world get back into. operational and to the to. be called.
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the i.m.f. estimates that just to break even nigeria needs the price per barrel of oil to hit $144.00 which might be part of the reason is reducing its dependency on crude and investing in renewable soon nigeria may have to do so to. well some call it a key part of the country's cultural heritage others are right brutality against animals bull fighting has long been a controversial part of spanish life and now the controversy is set to grow the industry is asking for a bail out. this is what many tourists come to spain for to see tornadoes fighting bullies the country holds 2000 of these contests every year but because of the corona pandemic stadiums are currently closed and boo breeders like we don't know martina are warning the crisis could finish off the entire bullfighting
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industry he has 80 bulls on his ranch raising them costs $5000.00 euros each but if they don't go to the arena they'll go to the slaughterhouse where their meat is worth no more than $700.00 euros. homosexual a perfect world will do that we are one of the most important cultural events for this country we have never received subsidies from the state but now it is time for them to help us and it's time for us to receive something. for all that bill fighting industry has given to the state. in fighting has existed in spain since at least roman times the constitutional court declared bullfighting part of spain's national heritage a few years ago. animal rights activists consider bullfights as grave cases of animal abuse they urge the government to reject the 700000000 euro aid package that breeders and stadium owners want samples and. we want the government to
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put an end to this activity which is rejected by the majority of society we want them to prohibit both fighting and put an end to the scorch that has been sustained for too many years ago when walking into the road that spaniards are split over the issue but almost everyone in spain agrees that funding health services and helping the most needy should be the priority and not the demands of the bullfighting industry. and that's it for me and the deed of business team here in berlin you can find out more about these and other business stories online at www dot com slash business i'm stephen there's in berlin it's watching.
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the. during world war 2 thousands of polish children suffer the song. even today many of them don't know who their real parents were. they've lived with this trauma for decades. telling children the kidnapping campaign of nazi germany starts april 28th month e.w. . dot com. welcome to tomorrow to day the science show on the. w. coming up. real meat grown in the lab could cultured bergen as do away with the need for mass livestock farming. the secret life of stove what makes these celestial bodies showing. gas with unique
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