tv Business - News Deutsche Welle June 2, 2020 11:15pm-11:31pm CEST
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you've got a system that i think we should talk directly to put and it's in his hands he started on this. meeting inside the dome of the festival. as efforts to bring putin selenski face to face for a 2nd summit get underway in berlin today back in ukraine hopes of fading its alinsky can succeed where his previous have failed and bring a rapid end to this war. you're watching from berlin chris covert is up next with p.w. business stick around we'll be right back to. the global corona trysts you can find more information online at d w dot com and on t.w. social media channels.
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i'm doing crazy thing in the time. to handle lives in times of the coroner and then. just like everything else and she's looking for answers and thankfully with the help of jamie. thank you is not life as we know it. more than 5 percent g.d.p. lost over the decades the u.s. congress is grim projection of the coronavirus impact on the country's economy and nationwide on rest could make the order of kickstart a recovery even also on the show after 2 months of lockdown the mexican government wants people back of work. force a better stay at home and we'll show you
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a bit varian biotech firm that has everything it needs to 5 coronavirus. well almost every. across cover and welcome to the program the coronavirus pandemic could cost the u.s. economy almost $16.00 trillion dollars over the decade that's according to the congressional budget office business closures and souls of distancing measures are expected to curtail consumer spending the bi partisan body says andresen nationwide unrest may worsen the situation. james feron camp had hoped to be 7 beers again this week after the long arduous lockdown in minneapolis but then came the violent protests looters and vandalism laid waste to his plans. hopefully the insurance covers it where we were already on thin ice anyways with the pandemic
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and everything so. hopefully will bounce back but i just get it open to start the cleanup today he's not alone u.s. companies little and large are struggling to survive the coronavirus pandemic will wipe 8 trillion off the u.s. economy according to congress's bipartisan budget office. and the number of unemployed in the united states continues to rise. since march more than $40000000.00 people have been laid off and it's the wash jobs crisis in the best part of a century with giants like boeing cutting thousands of positions it's feared the jobless rate could be as high as 20 percent. and when mass unemployment meets longstanding grievances seems like those in american cities this week may well in june. well for more let's cross over to our financial correspondent in new
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york and scored against protests against racism and police brutality continue in u.s. cities many of them peaceful but retailers like nike michael kors macy's department store in new york city have all been impacted as protests turned into cases of looting last night give us an idea of what manhattan looks like god i'm standing here on spring street close to broadway in soho and this is one of the most important shopping areas especially also for high class products here in the city that's where we also saw a lot of looting in the past couple of evenings and everything is a border up a some more valuable stores like apple for example even installed 2 layers of what i haven't seen in quite anything quite like it to in my 20 plus years in new york and it's not just big business but it's also small business owners boutiques who really get hurt because they can't open their stores that the moment. so retailers
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are bracing themselves for more protests and potentially more that could also lead to a hit in revenues does not have wall street concerned that's what you would guess and the general feeling that i'm getting here is that this is far from over i did go to some protests in the city today 10 thousands of people going on the streets at some point i was even locked down in my own office building because we could not leave while the protest was going on in front of the door but well wall street does not seem to matter blue chips up by about $270.00 points plus one percent of the not stock comp was it almost at an all time high so wall street really has its own agenda in these days and we need to talk about a particular branch of business that has been profiting from this anger we've been seeing the makers of guns tell us more. well it's actually quite
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concerning because you get the pressure in pressure and that more and more americans are trying to get weapons so if you look at the background checks so this is crucial to eventually be allowed to buy a weapon i mean they really have gone up quite a bit in the past couple of days and weeks and look at wall street stocks of smith and wesson for example or also some other weapon manufacturers they're all skyrocketing in those days because quarter reporting from new york yes thank you. now let's take a look at some of the other business stories making headlines around the world but your conference companies zoom has been a high profile company during the lock down and its results did not disappoint total revenue in the 1st quarter rose to its they're growing 170 percent to $328000000.00 a surge in virtual meetings and remote working means is also raised is full year outlook beyond analysts forecasts workers from the u.s.
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multinationals blocked roads and burned tires to protest against the closure of the aluminum production plant more than $530.00 employees almost half of the workforce will lose their jobs major foreign companies such as nissan are closing plans in spain because of the coronavirus crisis russia will spend $72000000000.00 to restore the economy following the coronavirus shutdown russia's economy is reeling from the collapse of oil prices the prime minister briefed president vladimir putin about program it will run over 2 years and boost employment incomes and economic growth. now 2 months of complaint complete shutdown are over mexico has eased corona related restrictions but with comparable e. high case numbers health experts urge people to continue social distancing not an easy task as the government is eager to restart latin america's 2nd largest economy . millions of mexicans are making their way back to work.
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they're returning despite the fact that the number of infections has risen sharply to over 90000 with more than 10000 deaths caused by the coronavirus. it's not that i'm not afraid we're all afraid but we need to work we don't have any government help and we need to have some income. mexico's president andres manuel lopez obrador wants things to go back to normal as quickly as possible that's why he'll allow tourists back into the country within the next few days critics accuse him of playing down the dangers of the pandemic they also accuse him of rejecting government aid packages and comprehensive coronavirus testing as well as using the crisis to soften environmental regulations but the critics don't seem to ruffle feathers he keeps repeating that mexico will make it through the crisis like he did recently at the launch of the $8000000000.00
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mayan train project. if you asked him a said that about 150000 direct jobs will be created still like this will help a lot especially after this economic crisis following the coronavirus pandemic that has generated an economic crisis with high unemployment in the region and throughout the country. and then yet. mexico will announce its next official unemployment figures in mid june but obrador has already claimed that less than $350000.00 jobs were lost in may and in total the number will be less than $1000000.00 in a country with 130000000 citizens now and come search fighting the virus pandemic in many promising developments have come from germany particularly from the countries forcing biotechs but want to porton agree and that's badly needed to boost innovation is still hard to come by money the laboratories of
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pharmaceutical major russian scenic a very sore a significant breakthrough in march scientists here developed one of the most reliable antibody tests because at 19 to date the swiss company is now planning to inject 420000000 euros into a region that's becoming a thriving biotech hub. here we have the connections to munich and the universities there that opens possibilities for collaboration's and a great pool of young talent trillions of. unix leading universities maybe turning out that young talent but youth and a good idea are rarely enough to ensure success in the world of biotech some tired fear of missing our party's experienced people people who've been through the process of taking a new drug to market so you can help your companies more demand for that and then
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financing of course. red tape remains a problem for biotech entrepreneurs aiming to get the funds they need to compete on a global scale and i risk of failure and immense costs make entering the market a gamble but it's a gamble that founder of icepack bio schonberg decided to take. so. the size of the risk is very high i mean you need investors for whom it's ok if one or 2 of these projects fail there are many of those here inside right now munich is the right place for us but we're looking around with thinking about maybe opening a branch in the u.s. so we can get the best of both words like income. or maybe that won't be necessary at ice back they say a protein that targeting with their cancer drugs is very similar to one that's found in the novel coronavirus if they discovered a promising lead for a treatment covered 19 that could finance their research for years to come. and it
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will be just the kind of breakthrough germany's biotech scene is hoping for to help claim its place among the world's leading innovation hopes. and finally if you're looking for caffeine and crime conditions here's a story for you britain smallest cafe is reopening after shutting its tiny doors for corona virus the a mark coffee shop in london opened up in 2 converted red telephone boxes and had only been serving espressos for just a week before the lockdown kicked in now 6 weeks later they are ready to serve coffee to visitors again. and the special. thanks for watching record of.
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. next on t.w. . org or. any colby's in germany to learn german or if an equal why not learn with him d.j. music you learn course because very. cutting through the noise. where i come from people are known for being tough but fair new york can be loud and people tell it like it it is they call it the concrete jungle the melting pot the city that never sleeps it's this energy that makes it feel like old but amid the hustle it's important to listen and pay attention because it's not just the loudest voices who need to be heard we all have a story to tell but i see it as my job as
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a journalist to go beyond the obvious now i'm based in europe and my work takes me around the world but my instincts for me and the state to tell the important stories behind the headlines what is the heart of the story why does it matter who live in fact how to stay focused if you want answers to cut through the noise to get to the troops. fighting the star kelly and i wanted to double. i minsk the capital of valorous a vigil is being held to remember politicians who disappeared from here without a trace 20 years ago. a key witness has come forward he tells us that as a soldier of a special unit he was involved in the abduction and murder of the opposition
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