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tv   Business - News  Deutsche Welle  June 3, 2020 5:15am-5:30am CEST

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if minneapolis kills a black man in custody. you're watching the news from remember you can keep up to date with all the latest on our web site at steve dot com i'm claire richards and thanks so much for joining us. live. the global corona crisis you can find more information online at d w dot com and on t.w. social media channels. innovation is key. but jenny conquered the major issues of our society. the food season the founder's family patrolling the streets modern day few rosina.
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ready to take on this challenge with their unique idea to look at those 2 problems and make them one solution for. the season fender's valley starts june 13th on g.w. . more than 5 percent g.d.p. lost over the decade that's the u.s. congress projection of the coronavirus impact on the country's economy and nationwide on rest could make the order of kickstart a recovery even told also after 2 months of lockdown the mexican government wants people back of work force a better stay at home and we'll show you a bavarian biotech firm that has everything it needs to fight coronavirus. well
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almost earth. 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 serving 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 when we're already on. anyways but with the endemic and everything so. hopefully will bounce back but i just get it open to start the cleanup today he's not alone u.s.
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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 $14000000.00 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 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
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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 even names that everything is a border up a some more valuable stores like apple for example even installed 2 layers of what i haven't seen quite anything quite like it 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 at the moment. so retailers are bracing themselves for more protests and potentially more that could also lead to a hit in revenues does not have wall street concern. that's what you would
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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 street that 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 a blue chips up by about $270.00 points plus one percent of the nasdaq composite 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 concerning because you get the press in pression that more and more americans are trying to get weapons so if you look at the background checks so this is crucial to
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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 the 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 thank you. now let's take a look at some of the other business stories making headlines around the world and your conference company zoom has been a high profile company during the lock down and its results did not disappoint total revenue in the 1st quarter of those 2 is there going 170 percent to $328000000.00 a surge in virtual meetings and remote working means and also raised its full year outlook beyond analysts forecasts workers from the u.s. multinational acoa blocked roads and burned tires to protest against the closure of the aluminum production plant more than $530.00 employees almost half of the
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workforce will lose their jobs and to 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 income and economic growth. now 2 months of completing 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. they're returning despite the fact that the number of infections has risen sharply
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to over 90000 with more than 10000 deaths caused by the coronavirus. and more come up in the middle 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. with the new. 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 mayan train project. it asked a major doubt about 150000 direct jobs will be created it's the right this will
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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 me 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 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 pharmaceutical major russian scenic very source significant breakthrough in march scientists here
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developed one of the most reliable antibody tests because at 19 to date. the swiss company is now planning to inject 420000000 your rose into a region is 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 if he can help the companies it's more demand for that and then financing of course. red tape remains a problem for biotech entrepreneurs aiming to get the funds they need to compete on
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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 and schoenberg decided to take. the size of the risk is very high i mean you need investors for whom it's ok if wanted to have 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 we're starting from. the 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 would be just the kind of breakthrough germany's biotech scene is hoping for to
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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's smallest cafe is reopening after shutting its tiny doors for coronavirus be a mark coffee shop in london really opened up in 2 converted bret's telephone boxes and had only been serving espressos for just a week before the lock down keep it now 6 weeks later they are ready to serve coffee to visitors again. and that's a show. thanks for watching seal back into.
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the stuff our ohio these days there is that apes down dog and those who for know what to buy us through the corn in the process the chimpanzee trunks don't come down to the island. the situation has become difficult because of the code 19 will be found the people. cooled down for. d.w. . goodbyes sausage and
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a low veggie. big changes are underway in the food industry. how are the major food companies changing to meet new demand. for less meat consumption really help the environment. join us as we explore germany. me to enjoy. and 60 minutes on d w. 2 a symphony. literally vent beethoven's pastoral symphony is the foundation. of an international art project. musicians compose their
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understanding of nature. to mark the 250000 of verse 3 of the composer's birth like children program but he has not you know he's. beethoven world wide. history project starts to come forth on t.w. . becoming one thing president make it out the forefront of this there and of course what's happening is also i've got effects on the environment yeah you may go why instance they need to wear mosque in.

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