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tv   Business - News  Deutsche Welle  June 12, 2020 1:15am-1:31am CEST

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and elephants on making the best of a situation that's out of their control. so watching the news from berlin remember you can keep updated on these stories and more on our website www dot com and on instagram and twitter at in the in a few in at the top of the araba what the headlines. where i come from we have to fight for a free press and was born and raised in a military dictatorship but just want to be shadow and a few newspapers when official information has attorneys i have work on the streets of many can trust and their problems are always the same core to social inequality
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a lack of the freedom of the press. corruption who can afford to stay silent when it comes to the fans of the humans and see the microphones who have decided to put their trust in us. my name is johnny carson and i work. every 6 jobs on the line german carrier move times are warns of massive cuts despite receiving a 9000000000 euro bailout also on the show financial markets around the world turned south on a grim economic outlook by the u.s. federal reserve and a resurgence in corona virus infections in the country. and the people in south
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korea are weighing the pros and cons of the country's new digital response to the coronavirus. i'm chris culliver berlin welcome to the program lufthansa management is warning that the german carrier will be smaller after the coronavirus pandemic and now we may know just how much smaller the fans are warns it could cut 22000 full time positions worldwide that would be about every 6 job and germany's flagship carrier these cabin crew members may soon need to tighten their belts lufthansa is looking to cut $100.00 planes from its fleet and slash 22000 full time positions with around half of those been in germany the airline says it hopes to avoid mass layoffs and plans to set up short term working schemes and offer some employees alternative contracts for cabin crew union has signaled it's ready to
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make some concessions there are things like productivity like arch i'm working like temporary leave willingly so these are things we could do become a range but of course people need a job guarantee afterwards we kind of. on the one side and dismissals next year on the other side that's not possible and this will be our negotiations germany's ruling coalition has pledged to support lufthansa with 9000000000 euros in conjunction with the european union the pressure is immense. the company's shareholders will meet to discuss the government's plans on june 25th in the times of hopes it will reach common ground with the unions by then. the financial markets around the world took a nosedive on thursday as fears of the economic toll of the coronavirus pandemic returned in new york the dow jones industrial average shed almost 7 percent after a fed chair general policy on wednesday it could take years for the u.s.
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job market to recover adding to investor concerns was a skirt and fresh virus infections in the united states after 5 weeks of declines. let's get more from our financial correspondent yes court in new york against tell us more about the reasons behind this sell well and it was quite a mess of what we saw here on wall street and it's the you with markets there's this old saying on wall street when the markets move up it's usually like in escalator but when markets start dropping then that's more like an elevator and that's what we saw here on thursday a must mess of selling and not just with stocks but also the price of oil for example falling by about 9 percent while the u.s. president donald trump blamed to it via twitter on the federal reserve on the meeting from when stay when general powell the fed chairman was
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a bit more cautious talking about the recovery in the united states and then if you look at the overall picture the job market for example we got new numbers here on thursday more than 44000000 americans have filed for some kind of unemployment. support in the past 12 weeks alone and hence the financial markets have been back to record highs lately and looking at today's selloff where investors too optimistic too soon. i would say so because it's obvious that it actually might take a bit longer than some market participants have expected to find of is seen and also if you look at the reopening of the u.s. economy added will take quite some time before we are back where we started before the crisis broke and if you look at valuations overall look at 3 companies alone amazon apple and microsoft worse together more than for it truly in dollars
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meanings those 3 companies are worth basically as much as the german economy if you put it on a gross domestic product so yes the market probably did too much too fast and so it was just a matter of time before we would see this downward movement the big question for now clearly is will be get a little breather towards the weekend or will the selling pressure continue on friday. financial correspondent quarter porting from new york yes thank you. and now a brief look at some other business stories making news amazon is banning police from using its facial recognition program for the next year the technology has been shown to mis identify people with darker skin the move comes amid growing calls for police reform in the wake of the police killing of george. biotech a german biotechnological technology company has received 100000000 euro loan
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promise from the european investment bank the money is to be used to speed up development of a vaccine against the novel coronavirus biotech is currently waiting for results of the 1st clinical trial of its vaccine candidate francis every bank has announced paying with cash does not dramatically increase your chances of contracting the coronavirus the bank says several laboratories reached the conclusion after comparing coverts transmission rates on banknotes and other surfaces. now 19 was the chinese year of the pig but it was not a good year for chinese pigs their herds decimated by the african swine fever a deadly disease sparked worldwide crisis which hit china particularly hard the country is the world's biggest pork consumer now the chinese government wants to restore our food which includes
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a major shift in policy. it doesn't look like much right now but this flattened field will soon be a new pig farm and it's just 70 kilometers from beijing city center this is a big reversal for china up until 27000 there was a major environmental campaign to move meat farms away from cities. but in 2018 african swine flu knocked out half of the country's pig population fewer pigs contributed to higher pork prices the cost per kilo of pork more than doubled since the outbreak began 2 years ago now regional and city officials want to move pork production closer to home to guarantee meat supplies this site is just one of 11 new pig farms that are planned for the outskirts of beijing. oh it was the show our project will take about 6 months from the beginning of construction to production. this year our task is to supply about
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50026000 pigs and next year we're going to produce up folk a passerby around $60000.00 pigs a year. if you want. the idea is to produce a minimum supply in each region of the country but that's easier said than done. beijing alone is home to 20000000 people and even this aggressive building and rebuilding plan will only supply a 10th of beijing's pork needs. it's to south korea now in the country will start implementing q.r. entry logs this month as part of its response to a resurgence in corona virus cases particularly in the capital seoul now the move has been welcomed by many particularly in the small business sector which has seen its sales plummet but the data collection has also generated privacy concerns. so korea this month ramps up q.r.
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quick response code entry logs after several pilot programs throughout the country . so korea has proven relatively successful in handling the kobe pandemic with robust testing contact tracing in quarantine limiting the spread of the virus still tracking the sources and the people potentially infected in recent cluster outbreaks here in the capital has proven quite difficult creating a resurgence in cases. one doing market merchants hope the measure will bring back lost business an advocate more state assistance. as to our own virus spread around the world people worry to reduce their activities because of the stress and the decrease in shopping and spending small businesses are suffering and everyone is suffering and i hope the government can provide more helping. traditional markets tend to attract older shoppers less likely to log in still
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health care workers argue the program should be expanded. i say going to socal because it's voluntary not many people are signing in yet going to. see them and it's a bit complicated for older people but once everyone gets used to it i don't see that it's easy in a coup what a curious on the registration data is collected saved and then deleted within 4 weeks by individual venues human rights advocates argue the personal data collection infringes on the right to privacy. could be. very unclear to what extent the q.r. code protects me from other infected people and the biggest problem is that despite other alternatives excessive information is forcibly provided to the government or companies designated by the governor get. on and his own supporters of the measure point to a recent cluster outbreak in which it is an accurate written entry logs complicated
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tracing efforts. like ancken government's actions should be viewed as a transparent policy which helps identify all coronavirus patients and prevents people from lying about their movements i hope that this policy can be implemented not only in the markets but everywhere or dental as a new part there's the little thing that has all although only mandatory for high risk venues like nightclubs the government seeks the widespread adoption of q.r. entry logs to encourage a return to business as usual. and that social thanks for watching and have a self a successful. resisting
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racism in france. all been to say the governor of immigrants is the forefront of this movement. her brother was shot and killed by a police officer since then amal an attorney has been fighting for the rights of migrants she wants to put
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a stop to police violence against young immigrants like her brother some kids on her. own to the. african. hygiene measures during the corona crisis in rwanda water is expensive 'd and disinfectant are virtually unattainable 'd. but a young business woman has decided to improvise. in her distillery she produces disinfected . cold comfort. 60 minutes on d w. i'm not laughing at the germans because sometimes i am but i said nothing with that happened to me but i don't think deep into the german culture of. nudity is taken
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as grandma down because it's all about who had enough time rachel join me to meet the gentleman to help host. the global corona crisis you can find more information online at e.w. dot com and on t.w. social media channels. at. the time to me her. to hello and welcome to focus on your show and it's great to have you with us the death of the african american george floyd has shocked many here in europe for 8 minutes and 40.

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