tv Business - News Deutsche Welle June 27, 2020 1:15am-1:30am CEST
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funds here are hoping for the 20th which would see them equal much as the united english record. here watching it over you news don't forget you can get up to date with all the latest on our website that's still w dot com m k richardson embroil and thanks so much for joining me. nico because in germany to learn german i looked in the code why not learn with him d w z e learning course plecos very. deep you know that 77 percent. are younger than 60 odd. that's me and me and. you know what time of voices 100. 77 percent talk about the
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stuff. from politics to flash from housing boom boom time this is where. the 77 percent. this weekend v.w. . their doors have permanently closed microsoft says its stores around the world will not reopen after the coronavirus crisis. with 3 german majors making global headlines were around randolph what's been a wild week in frankfurt. and with many gigs around the world can sort we'll look at an invention that aims to help you feel the music at home. this is
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the do we have business on robots in berlin welcome along microsoft says its stores around the world closed because of coronavirus will never reopen the u.s. companies permanently shutting 4 of its stores that's around 100 outlets microsoft says it's taking a new approach to retail invest in its online shops the 4 stores that won't be closed will instead be turned into what the company called experience centers. along this let's speak to our financial correspondent on wall street quarter welcome along yes so what's behind this decision for microsoft. you know a lot of those stores were located in shopping malls and shopping centers and both again were shut down mostly in the past couple of weeks and months and therefore now microsoft's 1st 2 sites are to close those stores for good clearly virus sped up this development but as far as i know microsoft i'm already had
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plans for next year to close doors doors now they do it even earlier microsoft is bringing out some new products later this year and so they still wanted to keep those stores open but as i mentioned so now they're pulled the plug immediately. but other parts of the u.s. economy are trying to reopen having said that the u.s. is just placing his biggest daily number of new coronavirus cases how easy is getting back to work proving for companies that. yeah it's quite dramatic and obviously very uneven the states of florida and offer texas for example now have decided to close bars for example reopen meant other businesses too and that also shows on wall street that there is some concern that the economic recovery will be not as smooth as some economists were hoping for in the
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past couple of weeks we saw a huge sell off on wall street here on friday chips down by more than 700 points and having that said also for the week blue chips are down by a good just 3 percent but that's not only because of the coronavirus we also had the bank stress tests that were that came on negatively here hunt wall street or goldman sachs for example down by a good 9 percent so clearly a lot of turbulence is shortly before the weekend here in new york i did walk 3. day. financial correspondent in new york. and from wall street to frankfurt at the end of an extraordinary week in german business 3 blue chip companies made major headlines for a very different reasons it's been a busy 5 days for our correspondent in frankfurt chelsea delaney.
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the european commission wants to investigate whether the german financial regulator baffin failed in its supervision of why oh why a card the goal is to find out if early warning signs were missed the german government says the case shows the need for greater oversight of the financial sector. the dutch and french governments have reached a deal to see france kalen through the coronavirus crisis the netherlands will provide a 3400000000 euro aid package to keep it that's in addition to a 7000000000 euro bailout already agreed by friends. and the world's biggest cosmetics company l'oreal says it will remove words like white fair and light from its skin evening products the black lives matter movement has led to scrutiny of companies who markets skin whitening creams l'oreal is a major seller of such products in the likes of asia africa and the caribbean. now iran's currency the reaal has fallen to record lows against the dollar this
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week the coronavirus pandemic has kicked a currency that was already reeling from the effects of severe u.s. sanctions against tehran for rainy and workers it means that wages are worth less and less. revenues from iran's main export oil have plummeted so terence foreign cash reserves are also down. one u.s. dollar was worth 190000 the rain in reelz this week up from 32000 reales 5 years ago and ordinary people are feeling the pain in my mission. even if i work more can't buy more dollars that has affected my welfare and made me stressed it's a bad situation. and there's no end in sight because of it 19 pandemic is still disrupting global trade.
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they're increasing dollar supply was because of the disruption of the rain and exports to the regional market the number of coronavirus patients in our country was unfortunately high and the borders have been closed this will continue until the epidemic is brought under control. down by the arabs. meanwhile tehran is also taking a tougher stance against businesses it says half of some $40000000000.00 money generated by non oil in exports stays abroad and now iran wants companies to bring that hard currency home threatening to revoke export license as if they do not comply. now in d.w. business we've brought you all manner of tales of innovation as people look for creative ways through the coronavirus crisis one of the challenges facing large
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fast of the world is the cancellation of events like concepts one invention promises to enable those who are missing live music to quite literally feel the rhythm one small. remember these concerts where you could live in the moment feel the music coming through your body and not worry about the person coughing next to you well there are fewer of those now but at least there's this the feel built the device sends a pole since your body that matches the rhythm of your music or whatever it is that you're listening to the german from behind it says that like a concert it's about pulling you deeper into the moment. and that in few bed. with the feel belt we can feel everything that we would experience in music and video gaming as vibrations against the body or haptic feedback because when does it fit in once you know was it. the belt is started with so-called impulse generators essentially thumping membranes bass notes come through the front higher frequencies
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through the side it links with a phone through bluetooth connection the headset plugs into the belt itself. and it's not just music fans the company's hoping to attract but also gamers looking for more immersive experience. one tech expert says such devices are having a moment the pandemic is reshaping our relationship between online and offline and products that come in to bridge this gap are seeing a bit of an interest in these days i don't think that we have a hard solution on how you're going to replace that tactile emotional connection but a product like this one is a great start to doing so feed belt is still in the prototype stage but should later sell for $329.00 euros for some a small price to pay for total immersion. and just quickly to another important for them to tame and the makers of iconic irish big guinness and open a 100000000 dollars fund to help pubs cope with the coronavirus fun demick license
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bars around the world can apply for a share of the money from they can use it to buy whatever equipment they need to reopen on meet hygiene standards is one of the world's biggest distillers earning brands including johnnie walker and bailey's. and that's all from me in the business team here in berlin thanks a lot for joining us.
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