tv Business - News Deutsche Welle July 4, 2020 5:15am-5:31am CEST
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yellows and reds was surprised by early peoples in the americas it was used for things like cave paintings and burial ceremony is. archaeologists believe the color was so precious that 12000 years ago people were willing to brave the dangerous maze of caverns just to get a hold of it. you're watching w. news from berlin don't forget you can always get the latest news around the clock on our website that's dot com thanks for joining us. this is some bookstore stubborn rice farmer from thailand. is crito no chemicals his wife. received.
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training successfully. took. the european commission has given conditional approval for the use of antiviral ready daisy beer making the 1st also rice therapy to treat covered 9000 in the e.u. problem is the u.s. has already helped most supplies of the drug also coming up another round of talks between britain and the e.u. have ended without success. it's
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a no deal brix it unavoidable. and how the coronavirus pandemic turns an empty airport in spain into a look at it business model. hello and welcome to your business i want to johns and berlin good to have you with us the european commission has cleared the way for antiviral drug grim does you good to be used for treating coronavirus in the e.u. but there's a catch renda stevia is produced by a u.s. base to get one of the most profitable pharmaceutical companies worldwide with sales reaching 22000000000 dollars last year the u.s. has already bought up most of the drugs production capacity as negotiations with e.u. supplies are underway you officials say they could give german and other e.u. drug makers a license to produce the drug even without to get approval for an appropriate feat . so how significant is the use approval of via our financial
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markets correspondent delaney has more or in this of year has been officially approved by the e.u. but whether there will be any of the drug available to your members is a big question right now the u.s. has bought about 90 percent of the available supply there september so this is obviously stoking a lot of concern here in europe about what would happen if we saw a 2nd wave of infections here as well at the same time this is reigniting all these fears about the very nationalistic and 1st approaches of some countries to coronavirus vaccines and treatments the 1st face to face breaks it's talk since the coronavirus pandemic began have ended a day early and with the 2 sides no closer to a deal failure to reach an agreement by the end of the year could have a major impact on businesses already reeling as a result of the pandemic. this was the moment britain officially left the european union. it was january 31st
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and nothing breaching. instead a transition period began giving both sides 11 months to decide on the future of their relationship 6 months on an agreement still seems a very long way off. this week the 2 sides met for their 1st face to face talks since the coronavirus struck the hope was that they could make significant progress towards reaching a deal on trade and other issues by october. but it wasn't to be negotiations ended a day earlier than planned and german chancellor angela merkel raised the possibility of the transition period ending without an accord. me 5000 for and continue to fight for a good solution but the e.u. and germany must and should be prepared in case we don't reach an agreement on the . major sticking points include fishing rights defining
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a level playing field for businesses and the role the european court of justice could play in enforcing any agreement. the stakes are high without a deal economic ties will resort to world trade organization standards meaning high tariffs close us and even more disruption to businesses everybody struggling because of the pun demick companies are understandably rather pessimistic. everything surveyed by the german british chamber of industry and commerce found that only 8 percent of businesses expect a comprehensive free trade agreement to be reached by the end of this year. earlier we spoke to one of the shopper at the british german chamber of commerce and we asked him on the worst case scenario of a new deal breaks it could mean for trades and the economy on both sides of the channel. so i think there will be disruption at the border there will be extra
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tariffs and quotas and we've seen the new customs tyra's from the u.k. so i think that will lead to various consumer price inflation issues in a lot of our areas that will lead to disruption in trade and will probably create another hit on the u.k.'s g.d.p. of more than 2 percent and that's what business are expecting for nodia scenario so i think about it's just really avoidable if we come to a deal and therefore it is important that both sides actually take all the energy and efforts to to come to. a brief look now at some of the other business stories making news. car sales in europe are expected to drop 25 percent this year compared to last the projection comes from germany c.t.a. and automobile sector lobby group production cuts and supply chain disruptions caused by the coronavirus have dealt a heavy blow to an industry that had already been struggling with weakening demand . germany's largest bank is ready to support wire card after
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a major accounting scandal left the fin tech giant insolvent deutsche bank says it's open to propping up the company's banking unit while khan's demise came after an order to revealed a nearly 2000000000 euro hole in its accounts. the spanish government unions and business leaders have signed a deal to reactivate the country's economy and create new jobs in the wake of the coronavirus they called includes financing for spain's digital transformation and assistance to the struggling tourism sector spain is said to invest 150000000000 euros in a plan financed by e.u. funds. not before the financial crisis spain was busy building several airports that unfortunately never really took off now the coronavirus pandemic has created an unexpected business opportunity in the north eastern province of aragon airlines have found the perfect parking space for their grounded aircraft. from
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a distance turmoil looks like it could be an airport but the closer you get it becomes plain no hordes of holiday makers will be disembarking here last year from the start we set out to specialize a services company for the airlines. no arrival and departure lounge is here just hangars and lots of space in turn 115 aircraft are waiting for better times of terms alone who's part 30 of its fleet here. yes field operators are very happy with their business model. but the future looks very promising huge growth potential. we are just about reached full capacity mark up if you go on this the moment the greatest on however no we're negotiating with the airport operator about expansion up with you've got this especially now a couple of times a 380 s. a parks here the world's largest airline or well doesn't have the hangar facilities
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for these giants to carry out the necessary preparations packing an aircraft means more than just letting it stand around it needs preservation measures and regular maintenance there's little sign of an airline sector recovery in ted well a couple of planes being readied for service again but pedro size things that's just a flash in the parent. blusher spec but the washing the most optimistic economic forecasts point to a market recovery at the end of 2021 or early 2022. b. those that means those planes will be back after this year's summer season and many of those 2. are a drone is europe's biggest airline parking lot and the signs point to many more needing space here and if in the end no one wants to put them back into service they can be scrapped here as well. is also a potential aircraft graveyard. to africa where many people rely on remittances
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from family and friends working abroad and here the consequences of a pandemic are especially grave our next report takes us to somalia where the lockdown this making life hard for everyone from airline workers to took to drive us. once upon a time took took drivers in the somali capital mogadishu could make a pretty decent living after all in normal times people were always looking to get from a to b. . when the corona virus hit in mid march everything changed. before the corona virus i used to earn a good a maint $25.00 to $30.00 u.s. dollars a day but now teachers and students are no longer going to school and airline workers have been sent home because the airport is closed you know that with. the pandemic is laying siege to what was a ready a highly fragile economy where violence has left hundreds of thousands of somalis
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displaced and a further 5000000 reliant on food aid. the coronavirus has inflicted losses on countries around the world and especially here in somalia somalia is a devastated country that still recovering from years of war and conflict its economy has been gradually rising from the ashes this year growth was expected to hit 3.2 or 3.3 percent but these projections have been badly damaged by the virus the aviation industry has been hardest hit. according to the african union in the past 3 months the continent has lost almost $55000000000.00 in potential tourism and travel revenue. as the virus continues to spread that figure will rise in countries with especially precarious economies many no longer know where their next meal will come from. necessity is the mother of invention and that's true
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even during a pandemic when lock down stop us from doing the things we enjoy most officials at taipei international airport came up with an idea to help those who miss flying a flight to nowhere organizers say 10000 people took part in the draw and 30 lucky winners were chosen they could take a friend and were given the chance to check in will cost you free shops and board a plane which remains grounded of course it even included a water spraying ceremony and spent the whole nobody lost any luggage. and that's the business update you rented out the you from me and the team in berlin as always thanks for keeping us company.
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