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tv   Business - News  Deutsche Welle  May 5, 2020 11:15pm-11:30pm CEST

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look at this it's footage taken by an eyewitness it was a sand storm possibly caused by a harmatz which is a dry and dusty trade when that sometimes blows off the sahara desert this time of year. storm only lasted a few minutes but it was enough to scare the sand out of people. there was an interview news market is up next with business news stick around for that. hey this is no. small video game music sounded like 30 years ago. today's tracks take the experience to another level ok thanks to him talk composer nobu boycotts are. featured in limbo known his music is bound to give you cause problems sounds to. video game music on d w. w's crime fighters are back with africa's most
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successful radio drama series continues in the only 2 thirds are available online course you can share and discuss on w. africa's facebook page and other social media platforms turn for others to mean you know. the u.s. trade deficit widened as exports tumbled but investors take the news in stride focusing more on positive data we go live to new york for more also coming up german comic has demands another cash for clunkers scheme to boost sluggish sales but bilin is reluctant to comply. the german flagship looks good also doing some state aid but isn't so keen on the strings that could come a time. when i come to do the business i want to get. good to have you with us
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i was dancing in the united states where the corona virus is not just causing havoc in the health sector but also widening the country's trade deficit the commerce department has reported that the gap between what. the united states sells and 20 buys abroad wide and 11.6 percent in march with exports falling almost 10 percent on plunging orders for cars auto parts and industrial machines. well for more let's cross over to yen score to in new york and exports a tumbling almost 10 percent how is that going down on the trading floor well i mean investors those days they ignore a lot of the facts that we're getting they're looking at the treasury they're looking at the federal reserve were throwing trillions of dollars at the crisis and that at least keeps the stock market going in the nasdaq composite by the way is
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less than 2 percent away from where it started the year one reason why exports dropped so much by the way was also tourism so people coming to the united states that's also considered an export and we all know what happened to the tourism industry but saying so seem to be picking up again the u.s. is now also restarting its economy despite many more new cases how come. it actually does happen at a very crucial time latest estimates are that through till the end of the month so we will have $200000.00 new cases in the united states around $3000.00 people might die each and every single day in the united states and then still you have companies like starbucks for example who announced that probably by the end of the week 85 percent of u.s. stores will open clearly not was the same revenue there won't be sit in restaurants
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but you can take away your coffee or tea or it will do do it through a drive through is but yes slowly the country is reopening but 1st of all it's slow and then we also have to see if the customers are really coming because as you can tell in the united states case is still increasing you know ideas call to take care of yourself and thank you so much and scott in new york. representatives of germany's powerful automotive industry have held talks with chancellor angela merkel com makers want the government to offer cash incentives to cop bias to help demand recover from the coronavirus slump but not everyone is keen on the idea. no tax money for gas guzzlers that's the message environmental activists unfurled outside anglo-american office window ahead of a crunch meeting with car industry bosses the german chancellor has a lot on her plate at the moment but the future of the car industry may be the
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toughest challenge. these are dark days for carmakers folks fog and may have projected an image of its logo eating the coronavirus but the truth is this pandemic has sent its sector into its deepest slump since 1991 peter we use chief echoed car makers demands on a recent visit to a reopened plant. we're concerned that a car is not foremost in the minds of our potential customers right now so we'd be happy if politicians would deal with this issue to offer consumption incentives i believe this is extremely important in these times. in the showrooms to dealers are hoping for something that will ignite sales some of them haven't sold a car in weeks these are tough times and the 2nd tent car business demand is down 80 percent the only thing running your normal levels is bulk purchases such as
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large companies they are still ordering vehicles. many in the sector want to see purchasing incentives and the cash for old cars scheme introduced. after the talks and the protesters wrapped up for the day the government said any stimulus willing to push the auto industry towards more innovative technologies. discussions are due to continue next month. after weeks of flight cancellations germany. is also in desperate need of help the german government is willing to step in but it is unclear what the terms of a bailout will be the company has been holding an online shareholder conference at which it made its position clear. that the crew's smiles at the check in and most importantly planes flying high in the sky this is how love tons of sees its future. past for now the reality is just sort of counters and ground
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planes like other airlines around the world the german flag carrier has been pretty much put out of business by covert 19 with almost all flights canceled on any given day no more than $3000.00 passengers are boarding one of the few remaining connections less than one percent of tons of normal capacity the company is burning through cash losing $1000000.00 euros per hour at that rate tons of cash reserves will be depleted by late summer at the annual meeting online c.e.o. carson sure made it clear the company is in desperate need for a bailout. is it a line or. we can't make it alone we need support right now the very future of lufthansa is at stake. with the help of our government goal must be to
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prevent insolvency. but berlin seems weary to just sign a check the government is eyeing a 25 percent stake in the company not what loved ones i has in mind. isn't it we got into this crisis through no fault of our own and now we need state support but we don't need state management the numbers are on shoreside 2019 was a year of record passenger numbers and record revenue full of tonnes of the company now worries however that the government might have ideas that run counter to its old plans like securing jobs where is management have plans to shrink the airline by $100.00 planes and 10000 employees in an effort to remain profitable discussions over love tons of future continue management doesn't see blue skies until at least 2023. africa's aviation industry accounts for well over $6000000.00
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jobs before the coronavirus hit it was a rapidly growing sector with annual expansion of around 5 percent now the pandemic is threatening to jeopardize its future the international air transport association is expecting a $6000000000.00 reduction in passenger revenue in africa this year compared with 2019 this look could lead to the loss of some $3100000.00 jobs in other words half of the sector's employees could be let go south africa is among the countries that have been hardest hit to the quarter of a 1000000 jobs they're at risk state and south african airways was in trouble long before the pandemic it's a viable now lies in the balance of a more let's bring in our correspondent in nairobi joy doraine there are good to have you with us tell me what are african governments doing to support their lives . monica african airlines are doing quite a bit they can do more as specially for that or you'd be aiding aviation industry
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are on the continent if you've been airlines that has already were lost about 550000000 dollars so far and he's also the state owned has been trying as much as it can to benefit more from cargo and shelves we see is is which is an island country as well has now waived landing and parking fees all airlines that are learning in the country senegal which is in west africa at the moment has invested $128000000.00 u.s. dollars in the tourism and transportation sector is doing to help boost the airlines across the continent south africa as well as deferred payrolls for most of the industries there and that means that the transportation sector is to benefit from some of these relief mission is that enough to keep them afloat.
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definitely not because the revenue base already has been struggling for most of the airlines and this means that the government might just have to do more or the african governments might just have to do more to help these airlines stay afloat kenya airways for example has been capitalizing on a couple they've called up to 4 of the aircraft to have transportation aircraft that is the passenger aircraft and this is helping to generate revenue and mean the crisis so just briefly up what would happen if an airline such as ethiopian actually went bankrupt. it would actually be a big blow not just to ethiopia back to the rest of the continent if you've been airlines to be the biggest airline on the continent to employees about $500000.00 people so if it was to announce bankruptcy right now
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that would mean that all of $500000.00 jobs would be lost and add to about $3000000000.00 u.s. dollars worth of revenue in the aviation sector as well last because the african continent in general makes about $6000000000.00 u.s. dollars worth of revenue from the aviation sector. better than i robi thank you so much. and that's it for me and the business team here in berlin you can get more from os online a d w dot com thanks for joining us and ceases. to
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drive their child and their future. tens of thousands of children behind those fighters or from an iraqi. become darius. since the fall of mosul they've been refused draper's. and the chance of going to school. what will become a. close up. on.
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his own working lives toiling at a mile an hour his 45 year old country and us. just give the order in order to marry. here in kentucky one minor after another contract black lung disease. or same orders as they'll ever have an out and. leaving the victims to fend for themselves. 3000. in 60 minutes on d w. one in a radical way discovered the bauhaus code to help world starts made on e.w. . europe and the end of world war 2. mates 1945 brought an end to the destruction suffering and deaths. and to
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mark a new beginning of european cooperation. d.w. celebrates the 75th anniversary of the end of the 2nd floor for a mate on t w. the for the tigris river provides the residents of mosul with a welcome relief from the oppressive summer heat perhaps for a few moments these youngsters can forget the war that.