top story this hour the u.s. supreme court has ruled that it's illegal to file workers for this sexual orientation or gender identity in the courts in the nation's landmark $964.00 civil rights act which was workplace discrimination based on sex also protects again and transgender people. this is to help with the news from berlin is born our web site t w dot com you can follow us on twitter and instagram picture t w sometimes are great thanks for watching. the bosses of what i usually do keep a day you go to the bowl for over direction home the 4th time for the most recent at the combine. the bottom of the families at the last dragon this word has called the home to 3 years. to the real books on. innovation.

but trying to conquer the major issues of our society. the 3rd season of founders fairly good holy ghost meets modern day heroes in asia. ready to take on this challenge with their unique ideas of. love and those 2 problems and make them one clue shan't. lose valley this week on g.w. . is the 2nd wave already crashing in fresh outbreaks of the coronavirus in china and the us have markets on edge we go to new york for more on. the u.s. china trade dispute is alive and kicking it started exactly 2 years ago we talked to the w t o to find out. if there is

a winner yet. and european countries are lifting their cross border lockdowns on monday germany lifted its travel ban on the e.u. countries but will it be enough to save the vantage tourist sectors this summer travel season. welcome to do the business i want to get jones and girl in good to have you with us fears of a 2nd wave of covert 19 infections rocks world markets today china reintroduced restrictions in some areas and undertook a massive test and trace initiative following a covert 1000 outbreak linked to a wholesale food market in beijing and use added to an isa about higher coronavirus cases in the us the governor of new york warning citizens about the dangers of losing sight of the virus. and fighting the coronavirus pandemic isn't the only problem for the global economy as also the us china trade war it started exactly 2 years ago and it's still

ongoing. so you're a surprise of the it may sometimes seem like it but the us china trade war if not for one show sitting opposite donald trump there's another president brimming with self-confidence who's determined to make china the world's economic powerhouse by 2025 but the usa remains in xi jinping is way. the power struggle is sending shock waves around the world with global companies caught between the 2 battling giants is what c.e.o. of germany's siemens joe kayser recently told t w so yes it is the way number 2 everybody sort of knows well china will be number one at some point everybody knows that number one in the in the business segment should become number 2 whether i get. so focused. and president trump has

chosen as his key weapon import tariffs he's at one point or another imposed charges on almost all goods from china and bilateral trade fell almost 15 percent in 2019 january so progress with a phase one trade deal signed between beijing and washington but within weeks the arrival of coronavirus on the 2 presidents doorsteps it focused minds elsewhere. now earlier i spoke to keith rockwell director of information and spokesman for the world trade organization and i asked him whether after 2 years we're any closer to a winner in this trade conflict. marco there are no winners in a trade war we see losers really across the board whether it's the american consumer pay $650.00 more for goods and services as a result whether it's german car companies that manufacture cars in south carolina

whether it's hog farmers in china we have to pay more for soybeans all of these consumers have lost producers have lost we've seen supply chains disrupted and we've seen a great deal of. of tremor go through the global trading system as a result of these 2 giants fair enough now i must say that at this stage what we have found is that this trade worth been sassoon by the much larger problem we see encountered with cove of course both with both there's a lot of collateral damage but just staying with the traits war for for another moment how has this dispute changed the standing of the world's most powerful economies. well i they're both very powerful still and because they're so big they their actions have ramifications really across the globe we have seen in some cases countries have actually gained because trade been diverted

whether it's vietnam or whether it's mexico or even the e.u. countries in southeast asia and again as well but i think when you when you enter into a conflict of this sort it really is in many ways greatest damage that you cause you caused to yourself and of on top of all that you mention it already there is the pandemic as well it started in china and it certainly caused havoc in the united states neither side can really afford a protracted to trade war can they. you know as i said trade is collapsed and we're looking at trade contract in these here anywhere between 13 and 32 percent you're looking at economic growth for the year that will then critics of a contraction of 5.2 percent these are great depression type numbers and they have caused massive suffering already 200000000 jobs have been lost already now we hope we can have a rapid bounce back from this and one of the things that's going to be

a key element to this is going to be trade policy fiscal and monetary policy obviously a key role play trade policy is going to be crucial as well all right and this is obviously where the w t comes in then surely keep rocco director of the information next on the relations division and spokesman at the w t o thank you so much for your time. thank you monica. and though a brief look at some other business stories making news. the e.u. has imposed terrace on chinese producers of glass fiber fabric in china and egypt brussels says they benefit from unfair subsidies including cheap loans and land and tax breaks that allow to them to sell it excessively low prices in europe. british all giant b.p. is writing down its asset values to the tune of 17 and a half $1000000000.00 the move came after it cut its long term oil and gas price forecasts b.p. says the covert 900 crisis will reduce long term energy demand and accelerate

a shift away from fossil fuels towards renewables. after 3 months coated lockdown non-essential retailers in britain were allowed to open for business again the government says stores must meet code at 9000 guidelines to keep shoppers and workers safe that means lining up to enter using hunt sanitizers and following a one way system. a coronavirus has finally ended germany's commitment to a balanced budget berlin is taking on a record $218500000000.00 euros debt to this year to combat the crisis germany has often come under criticism from its partners for its reluctance to borrow and spend. spain now says it is quote very likely to join 4 other european governments in a deal to buy

a covert 19 vaccine from british drug maker astra zeneca a pharmaceutical group agreed to this weekend to supply 400000000 doses of its vaccine which is still under development to the governments of france germany italy and the netherlands. germany's contribution to the european union budget could increase by more than 40 percent in the coming years as breaks it takes effect this week e.u. leaders will hold. the video talks to discuss the blocks financial framework for the next 7 years is likely to include an extra $13000000000.00 euros annually from germany according to newspaper varied the country already pays more than $30000000000.00 euros a year into the bloc a major reason for the increase is the budget hole left by the u.k.'s departure from the e.u. . the tourism is among the sectors hardest hit by the covert pandemic but as europe eases its border lockdowns people are on the move again on monday the

1st plane loads of germans left for mediterranean sunshine but after months of hotel closures and travel restrictions here at home as well german domestic tourism is also researching just in time for the summer. a day trip to the order half a canal in brandenburg. only a few guests taking the journey. everyone's wearing face masks the mind or family is among them. michelle gave the tour to his father as a birthday present back in february. a month since were. chosen june 12th for the trip and then a few weeks ago we found out it would still be going ahead with new regulations of course so we're really pleased about that on top for lots of theresa. girl it's tourist excursions were only recently given the green light to start up again after almost 3 months of no business normally the company's c.e.o.

has to rent additional buses to meet demand but since the end of february he's had to cancel tens of thousands of guests due to the coronavirus crisis the family business has lost almost 30000000 euros in sales that's being used you know whole situation has been alarming every day has been a balancing act can we survive will we make it or not our company hasn't received any subsidies except for reduced hours compensation for our staff. myself to count alone and will have to pay it back. i'm 60 now and i have to keep going for a bit longer. in the company's own travel agencies business is slowly starting to pick up even though not all of the 16 branches have reopened regular customers in particular are requesting trip consultations. i'm on the safe side and i can't find the information i need on the internet but in travel agencies

especially for let's i've always received good service the current trend signals a comeback for travel agencies during the coronavirus crisis customers appreciated help when it came to organizing cancellations or rebooking though it's not clear how many travel agencies will survive in germany. the entire tourism industry is waiting for financial aid from the german government's economic stimulus package and they're hoping that tourists will still want to come to germany despite the coronavirus crisis. that's your business update here randy wu for me and the team in berlin is always thanks for keeping us company.

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