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tv   Business - News  Deutsche Welle  June 4, 2020 5:15am-5:31am CEST

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but as frankfurt moved 3 points closer to safety. you're watching the w. news from berlin remember you can keep up to date with all the latest on our web sites that dot com i'm kyra phillips and thanks so much for joining us. has a virus spread. why do we panic and when will all of this. just 3 of the topics covered in the weekly radio show is called spectrum if you would 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 and dot com forum slash science.
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what secrets lie behind us want to. discover new adventures in the 360 degree. and explore fascinating world heritage sites. p.w. world heritage 360 get the maps now. joe cherry's or speaks out in an exclusive interview on b.w. news the head of germany's biggest industrial company shares his views on world trade the coronavirus and the protests rattling the united states also coming up the trade war goes airborne as the trump administration moves to block chinese airlines from flying to the united states and the coronavirus has shaken up the corporate world we'll bring you the latest list of the world's top 100 companies.
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i'm chris coverable and welcome to the program 1st off though after a marathon round of negotiations germany's ruling coalition parties have agreed a 130000000000 euro economic stimulus program it's one of the biggest rescue packages in the nation's history to address the economic damage of the coronavirus pandemic the package includes a temporary cut in value added tax and a one time payment for families with children and lower energy costs for households starting next year the program is also to support economic sectors that have been particularly hard hit by virus lockdown measures. and we'll have more coverage on that stimulus program here on d.w. in the hours ahead. is to the united states now which has seen its 8th day of unrest as much as violent outbursts have worried spectators around the world so has
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the government's often overly forceful response to the anti-racism protests president trump has vowed to deploy the military if the violence isn't reined in now among those watching is joe qasr the c.e.o. of the mints the german industrial giant has strong roots in the united states including over $50000.00 workers and in an exclusive interview on the news joe kayser said he was quote very concerned about the crackdown on protesters very concerned about this one really because 1st of all i mean this is one of the because democracies in the world and we've been looking to hong kong and have been very concerned about the fact that people are not able to call in the streets and peacefully with opinion now it seems we see it seems we see similar methods in one of the most prominent and to create this country's hopeful times believe it was a lift after 6 years i left the country so i really concerned and i do hope that the
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government and everybody in the leadership you know basically get those matters under control and allow peaceful demonstration your thoughts look at the violence on the control. before the protests in the u.s. even before the coronavirus crisis came along the trade war between the u.s. and china was the number one concern for global businesses in his interview was deeble news joke asr warned that despite the ongoing dispute the rest of the world shouldn't pick sides so the united states is number one china is number 2 everybody's sort of in those well china will be number one at some point everybody knows that if i have number one in the in the business segment and that is should become number 2 whether i could. so i fight and that's the underlying topic and that means it takes a lot of americans are in about this to coupling because that would mean that the other nations need to decide between friend and foe that would be that the only way
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they do it is ok to say sion. did to go both ways so the head of the men's is worried about how the world's 2 biggest economies are trading blows right now they differ on everything from trade and technology to the origins of the coronavirus to a new law in hong kong now the trump administration is blocking 7 chinese airlines from flying passengers to the united states from june 16th boston says it's a response to beijing's refusal to allow u.s. carriers to resume flying to chinese airports because airlines were suspended from going to china after in february after the coronavirus pandemic that started in the chinese city of one. let's get more on this story from our financial correspondent younes cord in new york jens what are we to make of this move by the trumpet ministration. well some of the american airlines actually applauded the
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move by the trump administration delta airlines for example was very pleased that the trumpet ministration this taking a stand for the american airlines but now certainly we have to wait what the reaction from china will be clearly this will not make things easier looking at the tensions between the 2 biggest economies on the globe but interesting lee enough we saw big moves when it came to the stocks in the overall industry united for example up by more than 12 percent and even. rival boeing was a solid gain off more than 12 percent but that was probably not just because of the move off the trump administration or the announcement but also that there are signs that people are flying a bit more here in the united states yes let's take a look at the u.s. jobs market the bad says the asian there at least it doesn't seem to get worse and
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there's some hold coming out of these services industry. you know well i mean especially if you look at the numbers that we got from the labor market from the private sector there were expectations that about 9000000 people would have lost their jobs in may but actually it was less than $3000000.00 people still a lot of unemployed but not as bad as feared and then in the month of april we had $20000000.00 layoffs in the private sector so things seem to get a bit better the same is true for numbers that we got from the service industry still not great still negative but not as negative as before and not as negative as feared so things are improving slowly and we saw. a sharp reaction on wall street to the s. and p. 500 actually being up by a good 37 percent in the past 50 trading days wall street has never seen a really like that before but still a lot of economists are still concerned that the labor market might get shaken it's
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a bit tough to see in the background but there is a local school so we still don't know when and how schools will be open so what are people going to do if their kids cannot go to school regularly maybe not even cold sores a lot of unsolved problems but at least for now things look not as bad as before and therefore their reaction on wall street court in new york thank you. shops that have little to offer and money that has little value have long been a challenge that people in cuba need to overcome every day and things have got worse during the coronavirus crisis but cubans are inventive and have started bartering. waiting in line outside most shops in cuba's capital havana is normal not just during the coronavirus an hours of waiting are no guarantee there will be something left when it's your turn that's because many foods in every day goods
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have to be rationed. the solution for many cubans is to offer something that others want and barter for something that others have lent indomie on x.e. own for example breeds rabbits and poultry and. i think there are people here that sometimes buy oil but they can't buy meat and the only thing i can do for them is to make it easier for them to get me how by bartering is the only thing we can do well we're doing the one and only woman. trading oil for meat batteries for disinfectant that's the way the bartering works on the streets they ply their wares on a bicycle or from a large bag no one dares get caught for years authorities a fail to improve the quality of products available in official stores but they see the self-reliance of bartering cubans as a thorn in their side. there are several reports here of people reselling wares on the streets and hoarders that are selling shamelessly we have to take
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action against all of them nobody here can be taking part in illicit activities nobody here is authorized to sell or resell anything on the street. still many cubans find ways to keep up the barter trade rabbits for example or bread at home and if possible sold to potential customers at home as well but that's become tricky during the coronavirus crisis places like restaurants that might have bought the meat to sell to their customers or close for business. now we all know the business world revolves around numbers so the latest list of the world's $100.00 most valuable corporations should be thought provoking now the current ranking done by a consultancy firm pricewaterhouse coopers does include some surprises and a whole lot of coronavirus shakeup. saudi aramco only went public last year but it went straight to the top of the corporate tree and the saudi oil behemoth remains number one among the world's $100.00 most valuable listed companies
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according to analysts of price waterhouse cooper this is how the top 5 looked at the end of march saudi aramco up top followed by the other 2 members of the trillion dollar club competitors microsoft and apple he switched places during the 1st 3 months of the year and behind them more american tech majors amazon and google are now for bet. the much rankings are the 1st to take into account coronavirus and the disease has left its mark for example amazon shifted a warm place compared with the rankings in december helped by a surge in delivery orders from housebound buyers around the world. not every day the zookeeper with prison for murder for our netflix was another big winner because of the crisis it was one of only 10 companies in the top 100 to increase its value during the quarter as people stuck at home signed up to it streaming service it
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climbed 27 places in the rankings. but for all the when is there have been many more loses a combined value of the top $100.00 dropped by 15 percent between january and march with the oil and gas sector taking the biggest hit in recent months demand for crude wiped out by a global pandemic. and that's our show for today i'm chris thanks for watching see you back at a mark. to
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the conflict zone to sebastian. even before the coronavirus make 11 loans economy was plummeting through the floor joining me from beirut this week is the country's foreign minister not see 50. shades of grey for systems book errancy is good news you could use any better than the previous was the 1st. to. tara cina
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a popular coastal vacation city in italy. but how are things there this year the former hotel and restaurant owners. concern the corona restrictions have led to fewer guests and higher costs it's not the only place on the italian riviera that's facing challenges. some concern. in 60 minutes w. . when the water rises cities will sink into the sea. entire stretches of land to be abandoned. and the water has to. be stopped it's happening faster than anticipated. messes bring us are supposed to
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prevent flooding but they only delay the inevitable. how will we live in the future. 66 meters rising sea levels starts to shift on d. w. . our plan is clear it is to fight corruption when one of the people of lebanon going to get back i know we i very much we had a very much aware and committed to that dr never letting me finish the answer as one of the other like the dislike of the presence and component of the by society even before the coronavirus pandemic lebanon's economy was plummeting through the floor decades of catastrophic mismanagement and rampant corruption a push poll was tossed the population into poverty joining me from beirut this week is the country's foreign minister not see it as leveling.

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