this is the dog amiens remember you think you are with the latest news on our website that's p.w. dot com and you can follow us on twitter and on instagram as well at t w news i'm told me a lot it will stay with us. boy . oh boy. the global corona crisis you can find more information online at e.w. dot com and on t.w. social media channels. in the army of climate change. comes from

a disservice. much too soon. one day is today how far future. d.w. dot com for their service for the multimedia. could cut or. even . high hopes of an economic recovery all streets rally spills into a new week energy stocks sold with oil producing nations agreeing to extend their output cuts we'll cross to our correspondent in new york. travels call of paul because industry leaders are up in arms they say britain's new car jane rules for arrivals could see the economy back even further mind the gap. and more frequent

droughts heat germany a lush part of europe goes dry again this summer stocking farmers to start installing irrigation for the 1st time. i think physical and let's do business global equity markets looking good trade is betting on a fast economic recovery from the great lock down and the time will tell. use for the business well the big oil producers have agreed to extend recalled cuts the oil production deal is historic. for the 1st time since the founding of opec countries that exceeded previously agreed upon output quotas will have to compensate with additional cuts in the following 3 months. this includes countries like nigeria and iraq but as baghdad agreed to the terms officials asked for more leniency in the future. we are seeking to set new

rules in the future over sharing the burden among state members by considering the economic situation and the living standards. with. cheating or countries that seem significantly slower than others to adopt the group rules is almost as old as opec itself but the new deal was pushed through by an unexpected alliance between saudi arabia and newly converted benchmark hardliner russia. let's go over to our correspondent. yet still reckon opec can save the industry from the cost of growing up. well the step coach helped to increase some oil prices spiked oil prices are a function of supply and demand and if you look at the supply side and that's what this step from opec plus is about it remains to be see in that because mexico for example already hinted that they're not going to cut production is that if you look here at the united states was oil prices recently climbing back to about $40.00

a barrel we did see some fricker is actually restarting some of their wealth so that is the supply side and then if we look at the demand side well the driving season is starting here in the united states summer driving season that it didn't it remains to be seen how many people are hitting the road and also if you look at al lines we got 2 words in the past couple of days that they're increasing their capacity but we're still a far cry way where we were about a year ago and if we look at gas prices by the way here at least at my local gas station in brooklyn prices have been pretty stable at around $2.50 in pro gallon that is ok some stability there. is only optimism on exchanges at the moment of a quick economic recovery get a little too soon. it's really seems that the market is on autopilot we gained more than 800 points on friday we were up another good 450 points here on monday just

look at some stocks boeing for example up by about 12 percent here on monday that stock is up more than 50 percent just was in the 5 pasta trading days or if you look at the car rental company hertz they just filed for bankruptcy protection recently that sold this stock should be had 0 but actually it more than doubled in monday's session now being worth more than $5.00 a piece so yes we do see the economy slowly opening yes we do see economic numbers getting a bit better but we are far away where we were before. the crisis started so yes traders are cv to get ahead of themselves for quite a bit by the way nasdaq composite reaching an all time high here on monday and one more word to oil prices oil prices dropped on monday by a good 3 percent so a bit of overkill of the obviously it's good for us there in new york thank you. to

some other business stories making headlines b.p. is axing $10000.00 jobs worldwide the consul effect office based rolls in particular managerial positions the old giant is bending millions of dollars more than it makes every day as the coronavirus slams the energy industry google maps pulls you know extra features to avoid corona and include information on the level of crowding on trains and buses changes to show jewels and rules like the wearing of mosques transit alerts will be offered in 14 countries in europe and latin america and the u.s. . and spain is headed for its worst recession on record it's central bank expects the economy to contract by more than 20 percent this quarter and to make has hit the tourist dependent country especially hot. german companies expect production to continue to fall over the next few months despite many say is reopening. research institute says the decline won't be as severe but that it's only if the country can

prevent a 2nd wave of infections one bright spot is the optimism rose last month due to the rapid spread of the coronavirus many people are considering ditching public transport to buy a car. economic advisor to the german government veronica klim told d.w. europe must act together when restarting its manufacturing sector. i think it's quite likely that become or you will take a while but indy end the crisis it's not you to structure a problem nothing's stright like it would have be the case after war and so we can expect the global economy to start soon again and due to the extensive meant independent international supply chains in the manufacturing industry it will be important that all the countries for example in the european union start up again some of tenuously and it is also important that in all other nations formally

healthy companies come through the current crisis well and can restart their business and therefore ambitious and comprehensive matter of european level must be given top priority at the moment as europe reopens the u.k. is closing it had introduced covert restrictions on incoming travel saying the impact would be minimal but since registered the world's 2nd highest death toll from the virus that's prompted a quarantine for bribes the chief executive of london's biggest airport says this will hurt economically. long waits while traveling are nothing new. but industry big wigs in the united kingdom are worried about a new travel delay starting today travelers to the u.k. must quarantine for 14 days after arriving and so far the rule out has reportedly been bumpy. so all the plane was in the bus even though

before we get to the flight they say keep your social this things keep your mask on and all that stuff but the bus was is literally. between all of us apparently people are not informed that you need to. book you on one form but before you come here i see maybe 5. people who came to their estate on they didn't do it so that will delay the time thank you guys and it says the government says it's trying to protect britain's from the next wave of coronavirus and is ready to lead the steep tines of up to a 1000 pounds to enforce the regulations. detractors like the head of ryanair have called the rules useless and unforeseeable others worry it could be the final nail in the coffin for the country's hard hit tourism industry meanwhile the c.e.o. of heathrow airport said the measures will slow down the country's economic recovery. and until we have an exit through almost blanket indefinite.

they will be able to get you. to quarantine also extends to rail services in the countries motorways london says it will review the measures at the end of the month . most of it firms depend on brains of all across but another extremely dry summer is here changing weather patterns are forcing farmers here to rethink their business models this cornfield in the heart of the region west of berlin is drives of the fields farm but the seam on family francey manas compact in the earth with the roller he hopes that will help the crops grow better it's hardly rained a toll in the past 2 months in april there was just 3 percent of the usual rainfall and no sign of substantial rain seem on fears they could be facing the 3rd year in a robe extreme drives. me. yes it's worrying that's why we're investing and it's why we keep trying to keep

our fields viable using irrigation. that's expensive seimone had 2 wells built for an irrigation system the cost was about $300000.00 euro's without irrigation there's a risk of total crop failure the climate in this region is generally quite balanced so far artificial irrigation of farmland has rarely been necessary. the who dick company and seller in northern germany produces irrigation systems up to now it's been a niche business the company usually sells around $750.00 machines a year in germany but with worsening drives the order books are filling up. my eyes grew up and crops like potatoes or corn need more water than say cereals so everyone has to decide whether it makes economic sense to use machine irrigation.

machine. experts believe more and more irrigation systems will go into operation in the future water authorities keep a close eye to make sure there's not too much groundwater used there's still enough groundwater in most regions of germany right now german farmers are producing enough food to meet demand but have more harvests fail because of drives the global food market could be affected. one does hop into a consequence got here the consequence of this is we could buy up the whole global market with our strong purchasing power that's what happened with the wheat market in 2018. 1000 visits a few. measures

during the coronal crisis. is expensive and disinfectant are virtually unattainable ready. but a young business woman has decided to improvise. in her distillery she produces disinfected. africa.

w. . come. by and makes a method for 38 straight titles coming over in labor cuckoo. frame and costs are going to come in moscow. you go. oh. i'm not going to think out of the gym i guess sometimes i am but i stand up in the winter that me to think sneak into the german culture of looking out stereotypes to clear up if you think it's legal in the country but i don't blame. you yet you did seem ridiculous drama down to me it's all about ok.

i'm rachel join me to meet the gentleman from d.w. post. crime fighters are back with me now for those most successful radio drama series continue in the only because those are available online course you can share and disco song w. africa's face full of other social media platforms times i. know plenty. of the above. we should never underestimate the paul nature all current situation is a humble reminder of thought but nature can also help us in countless ways as long as we walk we get rather than against it i am. here in kampala uganda and the

scenes africa with me today michael presenting in one.