tv Business - News Deutsche Welle June 10, 2020 5:15am-5:31am CEST
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beethoven is for every one. beethoven 2020. 5th anniversary here on d w. the export powerhouse of germany comes tumbling down a full of historic proportions so thanks to what fires business worries about a recovering at lists heart the worst is behind us. testing out the virus tourism the spanish islands of be your guide to be so open early in full hordes of holiday hungry germans and france folks out state aid to save its aviation industry for the money doesn't come for free will have to go green. because will it let's do
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business german trade hasn't seen such an abysmal month since records began in april exports crashed by over 30 percent year on year that's at a shockwave through europe's biggest economy every 4th job in germany is linked to exports. traffic here at the port of hamburg ground to a halt at the height of the corona virus outbreak coronavirus lockdowns and a looming global recession dealt a historic blow to the german exports whose goods flow out of here. april's double digit collapse in trade blankly marked the low point for the export dependent german economy. economies throughout the world have begun to reopen strout supply chains are coming back on line until consumers are returning term restaurants and stores. but a quick return to normal might not be in the cards for the german economy. we have roughly 40 percent of our g.d.p. go into exports so if they don't vote by one 3rd or if you compared actually to
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february or january it's almost half of the exports we're having in april and probably expecting for me so this is really the right thing for for g.d.p. in the very short run for the 2nd quarter it's not really so can you want to know what happens in the 2nd half of the year obviously but for the very short run it's definitely dramatic. germany's largest trading partners from an syrup in neighbors to the united states are now facing historic economic slowdowns that means they're buying fewer cars chemicals and machinery from germany and it will likely stay that way for now. germans are like the sound of this spot some of the spanish islands a set to test a new type of virus tourism on germans the trials us next monday the governments of the pressure to reactivate an industry that provides of a 2 and a half 1000000 jobs. this could sort of arriving as soon as tomorrow everything is spotless the deck chairs are nicely lined up everything is in place to make german
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tourists feel comfortable the weather makes it even more enticement blue skies pools and palm trees the employees want their guests to feel safe 300 new hygiene regulations open practice under the watchful eye of medical personnel no one should be afraid of contracting coded 19 here. and we're going to improve the use of technology so that the client can request without physical contact and the service available at the hotel. just to be safe everything is disinfected regularly. to the new rules it's just a lot of cleaning the. beach police are also on duty they'll be making sure that sunbathers stay far enough apart the islands are conducting a test run with german tourists now if that goes well the islands will let him guess from other countries starting july the 1st. threat is the current state of emergency for its corona of battered aviation industry is pledging billions in aid
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paris hopes the money will save thousands of jobs but the help comes with a catch. these are dark days for airlines worldwide. despite new measures to prevent the further spread of covert 19 fleets remain grounded and passengers aren't flocking to summer travel hotspots in france that's put at least 100000 jobs in the aerospace industry in jeopardy now the government is taking action. they could see this morning we are declaring a state of emergency to save our aeronautics industry. that would prevent so that it can be more competitive and carbon neutral in the 21st century. that is all that the french president is seeking from this plan would leak which the entire cabinet worked on as we did i mean east we have pledged a total of $15000000000.00 euros to close media. didn't this year. the money
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includes loans subsidies and government investments in companies like air france airbus and other aerospace manufacturers. paris also plans to buy additional military hardware from airbus like refueling tankers and helicopters but the funds come with strings attached companies will be required to fund research into carbon neutral plane technology to the tune of 1500000000 euros the question remains if the financing will help france's aerospace industry right out the pandemic turbulence the international air transportation association expects air travel revenue to plunge by 50 percent this year. and warns passenger numbers aren't likely to rebound before 2022 that's part of the reason that the e.u. is now backing plans for a lax emission restrictions set to take in effect at the end of the year a move environmental campaigners warn could like airlines pollute freely for years to come. to some other business stories making headlines hong kong has ok to
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$5000000000.00 bailout for cathay pacific the government says it has no intention of becoming a long term shareholder that wants to protect the country's role as a global aviation no one is grounded most flights travel is restricted to cross much of the region. have taken to the streets over museums and restaurants is starting to reopen they say the 2020 season for them is over he wants to see them through to next notch when they hope to resume as back home. at a german air taxi company has joined the ranks of the $1000000000.00 tech startups known as unicorns unit based is valued at over a $1000000000.00 in new funding for the top best buy they give it. one of the united states biggest frack is chesapeake energy is reportedly preparing for bankruptcy monday it's. $180.00 the same time for pics oil deal stock was worth half that tuesday on the latest news companies spearheaded the shale
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revolution a decade ago making the u.s. the world's top oil producer but the credit crisis has crippled prices. let's talk about that with your correspondent. has be so skittish the share price shooting up like that one day in the very next day crashing. you know it is quite freakish sure what we experience and already on monday when the stock was up by about 180 percent as you mention it was everything but your regular trading day the stock actually got told to $22.00 times that happens when you have a wild sting's swings in their share price and now and there is this group bric report that chesapeake actually might figure out to file for bankruptcy protection the stock down now by more than 60 percent on tuesday the whole energy and sector is under quite some pressure with some energy oil gas demand falling and then on
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top of it the chesapeake was already highly indebted even before the corona crisis started in chesapeake this was one of those companies where you're really surprised that you think about oh they haven't filed for bankruptcy protection yet. this is a prime example of a lot of stocks right now the volatility that makes me question why traders think this crisis is over. this is not trading what we're seeing is pure a gambling it's incredible what we've seen in the past couple of weeks and actually 2 months to look at the stock of boeing for example up by about 50 percent in the past 5 trading days only then on tuesday we got word that in may there was another $86.00 and negative orders for the month of may's into the beginning of the year the negative orders at boeing stand at minus 600 so that stock now down by a good 6 percent or if you look at the car rental company and hertz the company
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declared bankruptcy protection about 2 weeks ago but the stock is higher than when the announcement came out so we see all those crazy swings in the market so as i mentioned this is not trading this is gambling at this point as the new york stock exchange should be renamed into a casino you'd make a good deal of thanks very much. now. well so many companies are in crisis mode to be serious guys others seizing the day crises can unlock creativity and spur innovation you may have wondered where so many of those plastic partitions in supermarkets and offices come from well someone has to make them. the advertising company both has lost a lot of orders since the beginning of the coronavirus pandemic it used to make signs like this one they had to change with the times if they wanted to survive. but if you can afford it up particularly you know viruses
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a friend of mine called someone here in town and they said we need a protective barrier made of acrylic for our employees and that's what i thought of you when you work with acrylic when you make letters for your science you have the laser is the milling machines and other machines and you have the know how can you build it for us. with 15 jobs on the line they started producing acrylic barriers the same day the result was this a transparent partition designed for pharmacies and supermarkets. on the globe so how it falls on the truth the biggest challenge is getting those who did the metalworking or the graphics involved with the new project to say you want the well the anymore now you're going to put decals on it cookie sheets and help with the packing that was one of the biggest problems not really a problem but one of the biggest changes is the. one who could not it was. the employees actually adapted relatively quickly to the changes everyone still working full time nobody had to be let go. a hometown pharmacist became
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the 1st customer for the advertising company's new acrylic barriers and they were able to deliver the partitions within 24 hours a decisive advantage during the coronavirus crisis and the 1st step in a small town success story. and just before we go to clubs and pubs have lost billions revenue with beer drinkers forced to stay at home but their favorite watering holes a freshly reopening across europe pubs in france are open again island of belgium for this month a drink is must observe social distancing rules in places like germany they can sit at the pub. bus or business with about.
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choosing the 1st wisely. she could have an effect on your entire career. what should people starting a new profession look out for. which mistakes and pitfalls should they avoid. my 1st day at a new job tips for a path to success. made in germany. and 60 minutes on d w. happiness is for everyone you mean penises are very different from primates you know we have a totally ridiculous man sized view of nature and their david and this is climate change crisis sex how tina's includes books you get smarter for free get over your books are new to. passionate drama
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