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tv   Business - News  Deutsche Welle  May 30, 2020 1:15am-1:30am CEST

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world as well as push not to forget spring break and if your top news story tells you to use the service photos and videos what's going to go towards. the watching day w. news in europe today i'll be back at the top of the hour with more news from now on that thing how awful it seems here in berlin thanks for joining us. what secrets lie behind these walls to. discover new adventures in 360 degree. and explore fascinating border over heritage sites. d.w. world heritage 360 get the map now. how does a virus spread. why do we panic and when we'll all this time for just 3 of the topics covered and we created radio show it's called spectrum if you would
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like any information on the coronavirus or any other science topic you should really check out our podcast you can get it wherever you get your podcast you can also find us at pretty w dot com the. science fair. keeping you in the ear of the german government of the u. commission to have apparently reached a consensus over the financial aid package for the struggling airline bring you the details also of the president trump says the u.s. will strip hong kong all of its special status as many around the world fear that china is eroding the special administrative region. and show you how europe struggling fishermen are trying to. whether the coronavirus story. i'm chris
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caldwell and welcome to the program after days of negotiations the german government and the e.u. commission have found a consensus on the financial aid package for struggling that's according to several german media sources the compromise will see the airline give up 8 planes and 20 for takeoff and landing slots at his german hubs in frankfurt in munich enabling competitors to expand their activities you commission have pressed for the move fearing financial aid for the airline could create way on a market that's already out of balance due to the coronavirus lifton's and supervisory board ensure all those are still set to give their seal the prove. and here's e.u. competition commissioner my going to divest tiger on why she thought the e.u. commission had a say in the matter. we know it's creating extra hurdles what we're doing
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is to make sure that when a company and that could be any company any company with market power with a recap nice asian bigger than 250000000 euros that's disturbance of competition is being remedies. the e.u. competition commissioner martin to divest are speaking there now the rescue deal for new funds itself was months in the making and here is what the 9000000000 euro aid package will look like the german government will take an initial 20 percent stake in the company which it plans to sell by the end of 2023 now this stake could rise to a blocking minority of 25 percent plus one share in the event of a hostile takeover attempt finally there will be $3000000000.00 euros in government backed notes. now donald trump says his administration will
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begin eliminating special treatment for hong kong he has also announced a probe into chinese firms listed on u.s. financial markets mr trump made the announcement during his speech at the white house so far hong kong has been treated separately to china during the recent trade war between the 2 economic heavyweights but recently moved to intervene in hong kong security measures was has triggered widespread protests and concern among business. for more on the story let's cross over to new york and our financial correspondent yes quarter there yes give us your take on president trump's remarks today. clearly tough words from the u.s. president of wishy washy list of accusations against china but at the end of the day no clear or no tough action at least for this points we don't need to be did not hear. a terrorist for example we did not see or that the face one trade deal
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is off so at the end of the day at least on wall street the feeling was that there was still no escalation between trade between the biggest 2 biggest economies of the world that's at least was the feeling on wall street tough words you mention it there but given the state that the world economy in is in right now and not escalating the dispute between the world's 2 biggest economies could be a good thing. you know that's what you hear actually from people who actually know what's going on beyond the sea and we shouldn't forget it's an election year and there is the feeling that u.s. president donald trump might actually use even tougher words in the future the closer the elections the goal but that he might hesitate to really let the trade war or the trade agreements and escalate because of that would happen that would
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clearly. we bet for the global economy and also for the u.s. economy itself so probably donald trump might be waiting till after the elections if he is getting reelected before things get tougher and you could also see it on wall street when he started the press conference stocks got under pressure but then when there was a lack of action so was stocks recovered and for the months off may dull jones industrial average is up by more than 4 percent. quarter in new york thank you. more than 443000 brazil is the country with the most over $900.00 cases after the united states now president j. boss and arrow has repeatedly played down the dangers of the virus and it's largely the country's governors that have instated preventive measures and the impact on the economy has started to show and experts fear the worst is yet to come. from
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january to march brazil's economy shrank by one and a half percent but the true extent of the crisis will only become apparent in the 2nd quarter analysts fear unemployment could spike at almost 20 percent by the end of the year it's a story seen the world over many states here have altered lockdowns prompting the loss of $5000000.00 jobs. offered you but we hope that this bad phase will and as soon as possible so that we can return to normality i reduced staff by almost 50 percent that's 10 people i had to dismiss it's difficult because it means 10 families have lost an income if i mean just mind of the me. i think that officials especially these governors particularly in rio de janeiro and sao paolo keeping us locked up in sight for too much time the truth is there are a lot of brazilian people who can't stay home. president jiah balsa naro has railed
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against the lockdown saying they only serve to harm livelihoods he supported by the business and agricultural lobbies some feable sonars government could he use the knockdown to weaken or bullish environmental regulations and make way for more agricultural land. european for chairman i use and during bad weather choppy seas and what they feel are notoriously difficult bureaucrats in brussels the coronavirus appears to be an even bigger test of their endurance. cooks often on the north sea coast is a popular tourist destination in germany. guests to the region booked around 7000000 overnight stays in 2018. vote in z. is a tourist magnet and every tourist is also a potential crab customer. but top in his nose is painting his boat instead of heading out to sea because hotels and restaurants have been closed for months it started getting bad in the middle of march. we noticed when the
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1st cafeterias closed and then the restaurants after that the sales dropped off the merchant saw what was happening and immediately put on the brakes before that we were only fishing at 40 percent capacity anyway. to fish. there are now more than 90 crab boats in port along the north sea coast no income but full running costs supplied for emergency aid but hasn't heard anything for 6 weeks if the 44 year old husband and father isn't painting that he's looking through documents rulings motions and changing political proposals some money could come from the european fisheries fund but that's also a source of irritation dutch fishermen who are right near hitters and cooks often are getting a lot more money. fishermen can stay in bed 5 days a week and they'll get 22000 euros in the month from my ship size which is actually
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the maximum rate we'll get a 1000 euros. germany's last fishing fleet to fish and cook stuff and slow down its catching and processing operations at the beginning of the year ships are catching 50 percent less and crews are taking longer breaks fish is not considered a staple food consumers are holding onto their cash and the fishing industry is suffering the consequences. it's to iran now and the country is starting to ease some coronavirus restrictions on restaurants but customers remain wary. restaurants in iran can finally open again even if it's only at 50 percent capacity and one strict health protocols are followed but i. after the coronaviruses devastating impact in iran diners have been slow to return as this tehran restaurant shows. or is still don't
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trust going out you know to be on between and say because of the virus it is difficult for them to come and eat at the restaurant and then eventually i will call the big dollar store and also the hotel where those that do venture out are cautious. visit don't take chances we still don't go to restaurants much. we went once to a restaurant to eat out but now we don't go out to eat with the family in crowded places. so that i don't hold the hundreds of jewish don't fall on them in. this latest move is part of the overall goal of the iranian government to reduce covert cases while avoiding total lockdowns the government has announced another $57.00 covert related deaths in the last 24 hours alone critics say the infection and death toll may be higher than the official numbers a concern that is keeping some customers at home. and finally german executives are
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returning to their jobs in china as the virus outbreak appears to be largely under control there a 1st flight took off from frankfurt international airport on friday headed to. onboard 100 members of german companies and their families a 2nd flight with another 200 germans working in china is scheduled to leave for shanghai next week. best of health to them and to you ever get.
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