tv Business - News Deutsche Welle April 27, 2020 11:15pm-11:30pm CEST
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d.w. news you're up to date is up next with the w. business stick around he will be right back. passionate drama competition rivalry marketing numbers atmosphere fight that's how intuition love money. fans primes fans spams and found. on you tube joining us. beethoven is for me. it's from. beethoven is for ham.
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and beethoven is for. beethoven is for covering on. beethoven 2020. the 50th anniversary here on you know. a deal between 2 of the world's 3 biggest airplane make has forced 3. now brazil's embraer is considering legal action after boeing pulled off the multibillion dollar tire. and coronaviruses meant migrant workers of all but disappeared leaving locals to pick this season's harvest. this is either your business on robots in berlin thanks for joining us. now brazilian plane maker embraer has
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3. embraer has. started arbitration proceedings against boeing over the failure of a deal between the 2 the $4200000000.00 deal ended when boeing decided it was going to cancel over delays during the negotiation process. let's get more on this now from our correspondent in new york speak to young men's quarter yeah do we know exactly why this deal fell through we know there were delays but what's the actual reason. well we are still short of some details boeing claims that embraer actually failed some condition so we might learn more on
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wednesday that's when boeing is due out to with their latest earnings report and theoretically boeing might have to pay around $100000000.00 but the management of boeing believes that they did everything right for actually the stake in korea was supposed to give boeing a better position to compete with the arab us albus has a stake in the company's time zone but years so that is not happening at this point . it's also been a tough start to the week on markets we've seen big price drops. well we clearly saw price the sulfa oil under pressure here on monday dropping by more than 22 percent some analysts have actually discussing if it's possible that we might even go all the way down to an oil price of a negative $100.00 so far we are still in positive territory but the mixture is
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always in the for oil companies and for the industry there is hardly any demand i mean look at the gas station in my back there is not one single customer at this point and then on the other side we still have their problem with supply so specially if you look at capacity worldwide we really could hit a crucial point in this week and as long as this mitchell mismatch doesn't change prices are pretty likely to remain under pressure and jen just in the past weekend we had to another bankruptcy filing from an american off shore company and that's definitely not the last company that had to file for bankruptcy protection. thanks for bringing us up to date young's cost of that outside the shell garridge. now as well as oil produces food produces are also struggling to adjust to the sudden downturn in consumer demand distributors have stopped collecting harvests
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leaving farmers with fields full of produce but no way to send. tankers filled with oil that no one needs they're heading out to sea from the coast of california to wait things out hoping the demands and prices pick up when times are better. but with farm produce it's not so easy. california farmer jack vessey destroyed his lettuce crop in mid april because he couldn't find a market or even a charity to take it you know you're seeing here behind me is very difficult not just for me you know on the economic side but emotional side as well everybody on this ranch is kind like their blood sweat and tears in this crop but he isn't alone from beer brewers in germany to potato growers in belgium producers are sitting on more of their products following a sudden dive in consumer demands restaurants and bars are closed overseas markets are ordering. in southern italy makers of the famed buffalo mozzarella are also
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pulling back on production and that leaves them with extra costs. i mean the. so we have surplus milk and we're obligated to freeze that no. food or that means that in the future provided that we have to pay for that not to be frozen there we're going to have problems with the final cost of the mozzarella if not in a month it will have to take into account the cost of the freezing. i mean. but storage is not an option for farmers like vessels growers in his region are now pushing for government help costs are rising and no one knows what next season will bring. and staying on the farm it's asparagus season here in europe but with travel restrictions stopping seasonal migrants from crossing borders and into the fields the harvest is in danger but the coronavirus crisis has created an alternative potential workforce in the newly unemployed in the u.k.
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the picking has already begun field after field of crops stretching for kilometers but no one to pick them not wish to die lame are faced by grew as across europe aspire against farmers like david hartnell normally a crisis like of lot of big family of or maybe it's all come over every year and asparagus 2 of in the past i had to. try to get local people to come cut it but you know i would much rather work in the pub until the coronavirus came along neil was laying bricks know which new building work he's cutting asparagus spears. brother 3 children so all i need i need to be working and craig is among thousands to have answered the call to help in this year's harvest. faced with a potentially ruinous waste of crops industry leaders called on locals to form
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a modern land army. a reference to the 2nd world war program that saw women replace male farm workers who were sent off to fight. those who've signed up are finding out just how hard it can be but yesterday was tough yeah it was very tough to get back your legs you got me a fire but i think. after a couple of weeks you get used to it on the packaging site to local students are getting a taste for local agricultural work but for the farmers no guarantee that they will be back for more next year. now biotech company scented gene has attracted a lot of attention for its an innovation in providing equipment for corona virus kits with tracking the spread of the virus seen as crucial to defeating it in german company says mass testing is possible and within reach.
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it's already her 5th test for the corona virus sagna affairs overture is head of building management at center gene she's pleased that the biotech company set up its own test center directly on site. you're doing it through regularly in order to be able to work and not be tracked or the other people. think it's ok. $25000.00 tests per day are now carried out across 13 centers and rostock and one site in hamburg. center gene only provides the necessary components not the complete test kits the company's primary aim is to show that so-called mass tests are possible the company hopes that they can soon be used throughout germany is it to over here hunt in hunt and it's a question that comes with this whole process what measures do i use to make an
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informed rational decision as to when to open the economy again. and that works best and here you can use us as an example if you know the infection status of your employees. it takes about 4 hours to get the results of the test the biotech company has refitted 2 of its laboratories to speed up the process normally they're used for the genetic diagnosis of rare diseases which is sent to genes core business the biotech company has faced criticism however some speculated the company could later use the test subjects data for its own purposes after all the test cost the company around 35 euros but since a gene has rejected those accusations saying it wants to be socially responsible and will only have companies pay if they order the tests. with them as our business by stefan and i would say that we're a long way away from making money in the process of earning a little to compensate for all the expenses we've had which were in the millions just to start the whole process it's nothing that will make us rich when all is
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said and done a moment or zinj sunday but i sure. hope that the city of rostock will bear part of those costs after all the city's mayor was the one to get the ball rolling by approaching cent to gene despite skepticism across germany. away finet i specify i think it's better to learn from each other to say we'll take a look at it and if it works here it can be done in other cities to our company here on site is also able to do that and there are other companies that can do it too and i've always thought it's a good idea to show a little courage and take a new path vice i know envy. and since no one else's. been infected and no one is left in quarantine rostock is officially free of coronavirus. and finally the largest container ship on earth has just set sail on its maiden voyage have a look at this with a deck an area the equivalent of 3 and a half football pitches the. us left the port of qingdao in eastern
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china headed for blue sand in south korea it's nearly 400 metres long and 61 meters wide when fully loaded 24000 containers. dive one can hardly contain my excitement that's it from me and the business team here in berlin you can get more from us if you close a deal that we slash business plenty more on the business affects of the coronavirus outbreak that we're also on facebook and twitter thanks for joining us .
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the coronavirus is changing the world changing our lives so please take care of yourself good systems wash your hands if you can date and how we are d.w.p. for here for you we are working tirelessly to keep you informed on all of our platforms we're all in this together run together make it through. a series of one. stay safe please stay safe. my gorgeous. cd for the russian soul. so many different walks of life. some are. ugly. but
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all of them come straight hard to foresee it even when there's no more delusion the marsh will enjoy come up. from there. to their final resting place the russians. documentary. welcome to global 3000. divers recently thought they discovered a new reef in the mediterranean but what appeared to be bright colorful corals were in fact mountains of plastic waste swim.
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