others i'm not optimistic. that situ up to date we'll have more world news at the top of the hour stephen besley will be hit with that the w.'s business update in just about the for. well i subscribe to do you know where your books are something more in the world than book we may be kept for 5. books. is for me. beethoven is for you. is for help the 1st beethoven is for. is for the.

beethoven is for us. the beethoven is for the 1st beethoven 2020 of the 250th anniversary year on. the u.s. shuts the door on new foreign workers now some of america's biggest companies are complaining that a presidential order to pereira lee suspending new employment visas will cost them top talent. also on the show times were already tough for small businesses in argentina the pandemic has made them unbearable. this is your business report i'm stephen beers in berlin it's good to have you with us apple google and tesla are among american firms criticizing

a new order by president donald trump which blocks entry of many new foreign workers through years and amazon called the decision to suspend employment visas short sided and the threat to american global competitiveness c e o's of google and apple both said they were disappointed trump claims the order which could block hundreds of thousands of workers will increase u.s. employment but it follows broader efforts by his administration to crack down on all immigration. and for more on this let's go to our financial correspondent yens quarter in new york younes why are business leaders so fiercely opposed to this move. and specially the tech industries silicon valley for instance they are highly concerned it's not just workers but it's also says he wouldn't and to teachers so was a certain j. one visas for example who will not get an entry into the united states if they don't already have those visas i'm standing here in front of

a brooklyn college it's also a nickname poorman some harvard because it's a public school but those schools also depend on paying foreign students but if you look at it overall we hear all those executives from those speak to companies and fearing that the talents are not coming in and that it's also going to kill innovation that there were some managers saying that in the history it has always shown that the united states profited from talent coming into the country the united states is loaded with money and that's very attractive to foreign workers there are some exceptions now especially if you work in the agricultural industry or in the food processing plants but of the highest skilled workers it will not be able to file for visas for the reminder of the year. claims that these jobs these positions will be filled by americans is it that simple briefly because. clearly it's not donald trump is talking about that are going to 500000 jobs so will get

open for american workers but you have to look what kind of jobs got lost in the past couple of weeks and months it was not high skilled jobs but it was mostly low wage jobs that need a lower skilled so that whole move seems to be mostly politically motivated ahead of the elections and early november. with latest from new york thanks very much. over lot america now 2020 was already going to be a difficult year for argentina and that was before the pandemic a tenacious recession and a lifeless currency had already gutted many businesses now a 3 month pandemic lock down is finishing off many of those that survived. people without jobs can't afford to go out to eat so rick out of closeness boners ariz restaurant la tech learned its history. i

made the decision to sell the furniture and stuff. and then with the proceeds of the sale i pay the stuff their wages and then i'm off out of it all. back to. it's the same across borders ariz restaurants bars cafes all closed for the time being all forever the city's become a ghost town. this bar is also closing even though it's right in the middle of the entertainment district an area that was once wild with nightlife and the downward spiral says here. in argentina we've had 2 years of bad consumption early anyone spending. and it didn't come as a surprise. 3 months locked down without being able to sell was the straw that broke the camel's back. the future looks grim argentina has massive debts and still hasn't paid its main interest installment to foreign creditors for many

observers another insolvency crisis appears to be only a matter of time. now to europe where the pandemic looks to have taken an even more drastic toll on germany's economy than previously thought the german council of economic experts has revised down its growth forecasts it's now expecting g.d.p. to fall by 6 and a half percent this year as opposed to the 5.4 percent they prefer previously predicted however economists believe the german economy has bottomed out and that activity is likely to pick up again in the summer for 2021 the council is forecasting growth of 4.9 percent. for the former c. oh of german financial platform wire card marcus brown has been granted bail for 5000000 euros after his arrest monday and that comes after the company said it believes accounts thought to contain early 2000000000 euros

probably did not exist the payment services provider has been a shooting star in the markets shares however have dropped more than 80 percent in recent days since rumors of sham transactions surfaced in the company was unable to file its annual report. and let's take a look at some of the other global business stories making headlines. german agro chemical firm buyers closing in on an $8.00 to $10000000000.00 settlement agreement to end claims that its life estate based roundup we kill or causes cancer and that's according to german financial daily hundreds blot the company supervisory board still has to agree on the deal. the u.s. is planning to restart tariffs on aluminum imports from canada if ottawa does not curb its exports according to business wire bloomberg washington could announce the return of 10 percent tariff starting july 1st according to the report that's when a new u.s.

mexico canada trade agreement is expected to take effect. u.s. e-commerce giant amazon is launching a $2000000000.00 fund to invest in climate technologies the venture will focus on companies in sectors like transportation and farming the retailer which has faced pressure from climate advocates said it plans to grow the fund with time. apple says its mac computers will soon feature the company's own chips as it phases out intel processors the 1st macs running the so-called apple silicon processors will be delivered by the end of this year apple's chips are already powering i phones and i pads. well for many folk is it would be the worst possible time to ban tobacco the beginning of an anxiety inducing pandemic lockdown but that's exactly what happened in south africa the measures now in court and critics say the only thing it has accomplished is encouraging illegal markets for smoking

a cigarette is an expensive indulgence in south africa right now the government banned the sale of tobacco products at the end of march the official reason to help reduce the spread of coverage 19 a decision that left many hardcore smokers feeling desperate and. that's really not is it because we. we. see. on the people that are selling on the street which is like a black market there was no need for them to open it. so the sale of tobacco products is currently illegal that doesn't mean they can't be bought we follow tommy to a nearby shop within seconds he gets his smokes there is a hefty price. i paid out of the president for this. i didn't have a choice because that's the only thing they have at the moment because our products all play and all whatever why we haven't had it for a pass to put

a hospital for almost 120 rand is approximately 7 us dollars before the ban tami only paid $25.00 rand or $1.50 for a pack of clark doesn't mind this filming if he doesn't want to comment on his business the tobacco ban has cost the government 1000000000 random month in tax losses money critics argue that could have been used to fight the pandemic corn avon while big is a professor at the school of economics at the university of cape town he recently conducted a study on smokers response to the ban the missing tax revenue is not his main concern. the most important thing is that the listed market is becoming more entrenched illicit market was bad already before the lockdown started we think it's in the order of between 25 and 30 percent of the total market was really illicit at that point in time and what's happening now is that people are changing the

purchasing behavior to cheaper cigarettes the illicit distributions the networks are becoming more and more established into the market and that's going to be a very very difficult thing to get rid of in time to come. president cyril ramaphosa or ignored the issue in his latest speech the independent tobacco association feature is contesting the banning court even though many initially supported its rationale behind the ban now seems unclear since the 1st of may i think it was silly and actually counterproductive to continue with the bet 'd on the sale of cigarettes especially in light of the fact that so many people were already buying cigarettes on the illicit market and to extend that even into phase 3 of the lock down just makes no economic or public health sense whatsoever. now it's up to the judges to decide on the fate of south africa's smoke because.

and that's it for me in the business team here's a reminder of our top stories u.s. tech firms have criticised a u.s. presidential order to suspend some employment visas and wire cards c.e.o. mark as brown as opposed to 5000000 euros bail after his arrest as part of the company's balance sheet scandal i'm stephen beers in berlin as always great to see you thanks for tuning in.

digital surveillance. journalism critics thrashed as tight censorship. this is china during the coronavirus to make. people hope to return to normal. even possible. clues. next on d.w.i. .

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valley beyond good holy ghost meets modern day heroes in asia. ready to take on this challenge with their unique ideas to look at those 2 problems and make them one solution for. the. founders valley this week on t w. china is still dealing with the effects of corona virus. the pandemic has changed everyone's lives. there's now a new normal and. it includes frequent digital tests for the virus. first to scan this barcode and.