tv Business - News Deutsche Welle June 11, 2020 1:15am-1:31am CEST
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up to 15 minutes could be service to the same time in the 60 meter deep base and. the bunker was built by germany and italy in 1941 and deemed to be indestructible covering around 12000 square meters it is not defining the future of the space. the watching is from you can keep up to date on our website. at all social media instagram and twitter at the up next is business. innovation. but can it conquer the major issues of our society. sees another founders nellie. bianco could pose its modern day heroes in asia inspirational people who take on the
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challenges of the world with their unique ideas. the place crew would face off for no minds to look at those 2 problems and make them one solution to the new season of sounders valley. starts june 13th on g.w. . nico is in germany to learn german coverage because. why not learn with him d w z learning course because fake. mexico tries to reactivate its tourism dependent economy there was a ton of canned coom cautiously reopens from lock down but they'll take more than some just effect didn't send a trickle of tourists to get the party started still combine them for trying to. european companies say there is no 2nd china it's still their choice for investment
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despite the growing a crisis and little progress on the part fantasist. at a bar medalists a bet on it for years to hydrogen technology what makes just. i think all of a sudden it's going to take off now. and it has all in place to business i bet a lot of young viewers will be sad about missing spring break damn that coronavirus but hey cantus just reopened in the a few 100 tourists have turned up however still maybe it's better that way. after months of lockdowns hotels and resorts in cannes coon are trying to make tourists feel as a welcome as possible and they are pulling out all the stops. this flashy welcome comes as states across mexico continue to implement coronavirus related rules. is saturday and by law hotel occupancy cannot exceed 30 percent. assuming that by law then the government were to say
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hotels can be fully occupied we have made the decision not to exceed more than 50 and 60 percent of the capacity. that is until the pandemic has gone down worldwide because the only way to avoid overcrowding is to have fewer guests. i mean i mean. the. coronavirus virtually canceled the lucrative spring break season and officials in the state of kentucky are rue are hoping this soft opening help revitalize the summer hot spots that right now feel like a ghost town. people are going to. see this if they decide to open the borders to travel from other countries they have to provide services said we as you can see here there are almost no places around to drink coffee. and i mean. rigorous new hygiene measures are in place
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frequent cleanings are now common at some resorts buffets and swim up bars are eliminated entirely chlorine levels are higher and pools and sun beds must be sanitized after every use. of this you must leave for the rules are very good when coming in and going out. everywhere. but i would recommend this place right now. where the philadelphia. 41 hotels and resorts partially reopened this week and a few 100 travelers have returned but they are just a fraction of the 23000000 tourists that crowded the caribbean coast last year bringing in over 13000000000 euros to the region. the organization for economic cooperation and development says the global economy will shrink by at least 6 percent this year it also wants any recovery will be slow and uncertain is a financial correspondent called red bulls and with
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a look at how hot the crisis is hitting some nations. of the $37.00 o.e.c.d. member countries spain and its economy is likely to be the hardest hit followed by france and italy germany is in the middle of the field and south korea and its economy is likely to be the least hit with an expected maximum contraction of 3 percent the corona pandemic has caused such an unusual situation that the o.e.c.d. has not one forecast but 2 scenarios one in which the virus is brought under control and one in which the 2nd global outbreak hits before the end of this year this is what. the o.e.c.d. secretary general had to say on the economic front 6 percent decline in global g.d.p. we foresee 2020 is larger by far than any
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we have projected in the 60 years since it was created for the financial markets the outlook is a painful reminder that a quick and strong recovery is not very likely the o.e.c.d. says in both scenarios the recovery after an initial wrap it resumption of a cliff in t. will take a long time to bring output back to prepared demick levels the crisis will leave long lasting scars no wonder that the german share index dax took a distinct plunge after the o.e.c.d. report came out. the us federal reserve made it clear wednesday it will keep supplying all the help it can to fight of the recession and high unemployment rate for 4th quarter is following this what's the fed doing. well i mean the federal reserve 1st of all is also coming up with the numbers saying that the u.s. economy probably will contract by about 6 and
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a half percent this year before coming back 5 percent in the next year and then another good 3 percent the year after i guess it's really impossible to really come up with 6 year numbers because there are so many unknowns what the federal reserve is not doing they're not playing around with negative interest rates but they will keep interest rates near 0 until the end of 2022 they're saying they're not even thinking about at this point to increase rates and they're purchasing u.s. treasuries roughly 80 $1000000000.00 per month the reaction on wall street was very mixed we had financial stocks for example sharply lower because for banks for example lower rates are not called on the other side if you look at capital intense companies like technology companies for instance they bravo that interest rates are going to stay near 0 for quite some time and the nasdaq composite actually achieved something historical it crossed the 10000 point mark for the 1st time ever we had
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stocks like ethel or amazon on all time highs or even the stock of tesla crossing the $1000.00 mark per share increase of almost 9 percent so new record for the not stock opposite at all jones industrial average partly because of aerospace stocks and because of financials losing roughly one percent crazy stuff crazy times thank you very much and say hi to fans there for us. for it is recalling over 2000000 u.s. vehicles the doors could unlatch while driving they include many of its models produced between 20112015 vehicles may not have been probably paid by dealerships in the previous recalls for the same problem ford says it's unaware of any reports of accidents or injuries immolation to the potentially faulty legends. the. coronavirus shut down the world's factory china it reveals how reliant global companies are on the chinese with
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a complex just in time supply chains and although many have said they'll localize production most star running back to beijing despite getting the short end of the stick. european business giants like volkswagen has spent years building up their chinese operations early ships like these are coming under increasing strain even before coronavirus are taffeta on china businesses are raising the alarm about their operations there half of companies surveyed in february by the european chamber reported harder business conditions in the last year corona virus are sure to intensify those slowdowns we were already in some issues and some challenges for europe in business in china and so is one really magnified. so if you look at it took challenges the slowdown whether it is china. or u.s. china trade will create creating an it. and then there are the administrative and structural hurdles china has committed to opening up its economy and removing other
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obstacles for foreign companies. companies complained the progress has been slow and uneven. the european businesses aren't giving up on china yet. for more than 60 percent of the e.u. chambers' members china still tops the list of places to invest. a strategy paper shows germany is investing 9000000000 euros to become a market leader in hydrogen technology a chunk of the money will go to projects in developing countries like morocco the idea is to cut emissions by sourcing the hydrogen from excess electricity from renewables. germany's plans are in dishes. berlin is aiming to lead the world in hydrogen energy generation. we want to put the world and also supplied with hydrogen. we want to be the number one not just to improve our competitiveness right but chiefly because we want to reach our ambitious climate protection goals
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seeded our i strip. hydrogen is already used in power plants in vehicles but most of the fuel is sourced from natural gas. a process that releases a lot of harmful carbon dioxide gas into the atmosphere green hydrogen is extracted from water so that is a very energy intensive process in the future it will need to be produced from renewable energy sources to really earn the label of green by 2030 the government is committing to building hydrogen production facilities in germany with a capacity of up to 5 gigawatts but that's only a 7th of expected demand the rest will have to be imported. that's why berlin hopes to encourage the development of technology in other nations. export here in the lead then in countries that export oil and natural gas which are looking for new business models in developing economies trying to industrialize. that means new markets for german manufacturers it means more energy security with
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green hydrogen for germany. but the road to that future is still a long one. a new coal fired power plant recently went along in germany plans to use hydrogen to fuel europe's economic motor or for the time bein just put out plans finally the bonds of matrimony is supposed to be eternal and in france the manager of a wedding reception company is raising eyebrows by donning some new baum's of his own he's change himself to a post in front of the headquarters of unsure de paul t. it claims the company owes him 62000 euros is business last year to accompany 19th of his insurance provider says the policy was only for epidemics not pandemics. but by.
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survival and against poaching. global 3000. next on d w. enter the conflict zone with tim sebastian. hong kong never means news for loneliness days now it's the draft of a new security law to be imposed by beijing provoking controversy and protests joining me this week from long ago is regina is a member of the city's legislative council and chair of the probation the new people's party cold comfort zone. was in 60 minutes d.w. . canceling . listen carefully.
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