tv Business - News Deutsche Welle July 9, 2020 12:30pm-12:46pm CEST
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his credo no chemicals. and his. step. family orders. the students from the past thanks to. training successful. soccer to me starts july 27th. at historic opportunity the world's energy watch till the great lockdown is our big chance to plan the global clean sources of power really start to do away with fossil fuel. with a woman finally get in front of the wheel for the euro group that's the finance ministers out of their worst recession in you history and france so just because
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humans to. had taken stake in the huge slice out of sales for producers. is all a let's do business the environment is a big window with economies around the world coming to a street chain holt as companies crank up production the dream of a clean a future is going up in smoke international energy agency is calling for states to include aid for green policies in their corona rescue packages. shuttered shops empty high streets life at a standstill in many parts of the world the pandemic has prompted governments to take action to stabilize their economies. airlines have been rescued and stimulus packages of help keep companies afloat but with so much attention being devoted to
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the health crisis there been calls not to neglect other pressing issues like climate change. such concerns have prompted the international energy agency and the international monetary fund to propose a plan that aims to unite climate protection with economic growth. among the goals and you will global growth of 1 point one percent by 2023 to save or create $9000000.00 jobs globally every year all the while reducing c o 2 emissions by one point $5000000000.00 tons per year for reference some $37000000000.00 tons of c o 2 are currently a minute every year reaching these targets says the energy agency will require more than one trillion dollar annual investment in green technologies like geothermal energy or solar powered airplanes the prospect of the coronavirus kickstarting a global move towards a more sustainable economy certainly sounds good the question is can governments
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afford the additional investment in a time of crisis. we put that question through he's executive director of the international energy agency. definitely so because governments made the residents long to another not only peer peer at bay town and her gently on the future but the police seize we suggest this investment is coming we also had to recover the economy and create jobs a government let's think of a government who doesn't want the climate change is a top priority even those governments need to probably police easy side yes just the create jobs and also. the economic goals not the military receives only dreams we look at the policies they didn't create jobs who
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stayed with me and had. better cleaner energy future john exports regained some ground in may but they've got a long way to go slow down about 30 percent in comparison to last year foreclosures that just tickle problems and disruptions in supply chains of slabs german order makers and engineering giants has raised concerns about the nation's heavy reliance on global demand for its products. bank's chief economist for the euro zone cost joins us as have you on the show again let's talk about germany's addiction to exports it was one of the 1st topics i had to tackle when i started as a business reporter back in 2004 why are we still talking about it. because it has become a toxic addiction to be on a circus the that the recovery that we do see right now is a limping one it's only on one leg and this leg is domestic demand it's consumption
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it's retail cells which would rebounded sharply after the lifting of the lockdown measures but the the export sector has been already a problem since mid 2080 and came into this crisis on the weak footing and is now clearly also kind of hampering and slowing down the possible recovery i guess it's great though when when the euro makes business a profitable for the germans with wages that look. sure you know what happened in germany always could thrive on exports because the diversification of its export sector was a big big trump card so that normally around the world there was always one region at least which was strong and which had a huge demand for german products but the problem right now is even with the we can euro even with still good products made in germany we are having a global recession
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a global economic crisis and there is simply no demand for german products. what's germany's. situation doing to the rest of europe because it imports a little. and there was also an interesting aspect of today's trade data there was too little imports i think we do see or we also had industrial orders out this this week and it showed that there is an increasing demand from german. companies there is increasing demand from the euro zone companies but they're hardly is any demand now after the lifting of the locked up measures from countries outside of the euro zone so germany will need to rebalance its growth model we would need more domestic demand we need more consumption more investment i think the positive side is that when you look at the stimulus package that the government has announced it goes into exactly this direction to strengthen domestic demand what about raising wages i mean wouldn't that fix the situation to
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a certain extent i'd have nothing against the pay rise on new drive so it is it clearly it clearly would help and we have seen there was is very small increase in wages over the last couple of years and we get this in praise of the minimum wage which was only introduced in germany much later than most other european countries so yes higher wages would help but in all honesty in the current situation with so much uncertainty with also many companies being ed risk of actually going out of business i do not see a lot of room for higher wages as an s.k. thank you very much for joining us. to some other business stories making news zeven shareholders set to vote on a plan to split up the industrial giant the german firm has long sought to spin off its multi-billion euro energy division into an independently listed company and you siemens energy could be going public services into the bridge trade make
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a whole system has offered to divest parts of its business to a late european commission concerns about its planned purchases of canadian from these rail business if the commission blocked olson's plans merge with world vision of german industrial giant zenit. and the science is to ramp up production of its that he retroviral drugs. that's according to the company's german head the drugs being sure to alter the course of coated 19 it's been approved by the european union the united states and for most of the global stocks for the next 3 months. the euro group votes for a new president today it consists of the 19 finance ministers of the nations that share the euro spanish had it not yet is the front runner and could become the 1st woman to head the body. yet sam says she can navigate brussels spirit crissy with her eyes closed. a 51 year old spanish economist spent more than
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a decade in top civil service at the e.u. commission before being appointed to a top job and spain's government intervention 18 i may promise some a conscience an honor to lightly fulfill the obligations of the position of economy minister. then you know is described as tough and as always being perfectly prepared traits for which even political rivals pay respect since she's not a member of any party she's considered the moderate voice within spain's socialist government she the person that he to some extent used by the book i mean as a way of sending say notes to our foreign investors in the sense that you know having this way shallowing we've far left part of the good to some extent you know send the wrong signers to foreign ministers in 2020 she was promoted to deputy prime minister
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a crucial role that includes managing the economic repercussions of the covert 19 crisis which hit spain especially hard look at the most we see it changing trend from the end of the lock down this changing trend can be seen in a number of indicators the most relevant in my opinion is job creation as you know is backing your recovery scheme that despite some grounds northern countries are checking her with a critical eye so she's trying to stress that everyone is in the same boat she was plain that are basically trying to con beings all their economies that are going to spain and italy that out where. problems as well are and i think that this is you know i think this was a smart woman this was a wise venue has always been a woman among many man she now is the only woman in the euro croup and it is likely
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that this is just another stepping stone in her career. as an cheesemakers in france accounting the cost of the coronavirus doing lock down restaurants across the country shut their doors depriving the cheese makers of their most important revenue stream. more breathe any knows what to do with lockdown measures in france have made it hard for morgan call home to sell his high quality soft cheese now it's past its peak. as of today we have a 1000 more patches of pleated more than we need they're drying out at the moment and really they're no longer actually fit for sale. morgan's usual buyers include restaurants and markets in paris and surrounding areas he produces a 1000 tons of debris every year and pied his milk from a nearby farm and he couldn't bring himself to cancel the orders us you want for
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the sake of solidarity we can't just cancel all our milk orders even if it will be very hard to find buyers for this cheese. cheesemonger as across france are experiencing similar problems a 1000 tonnes worth of cheese is currently in storage the only current being bored is the regular stuff you get in the supermarket restaurants have recently reopened which is especially good news for artists and cheese makers who haven't been able to rely on state aid. measures no matter how big are very important the survival of an entire sector is at stake. the hope now is that after lockdown the french appetite for arses and cheese will be bigger than ever.
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a virus spread. why do we have it and when will all this tremendous through the tax and weekly radio show is called spectrum if you would like any information on the phone a virus or any other science topic you should really check out our podcast you can get it wherever you get your podcast can also find us at dot com slash science. coronavirus has made us reexamined our relationship with animals. the virus originated in a species that was not our own and it's. follows many others swine flu bird flu a bowl and sars are all what are known as zone arctic diseases that means they jump from animals to humans. scientists hope to catch any potential new ones before they
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make that leap so what can we do to prevent another worldwide outbreak spreading from the animal kingdom to us. this is your cover 19 special here on the. bill in a warm welcome to more than 11000000 people worldwide have officially contract at the corona virus so far almost 550000 deaths are linked to cover 19 and while we are still battling this pandemic and prepare for future ones scientists believe it's wise to trace back the steps the virus has been taking. scientists believe the corona virus outbreak in humans may well have begun in a market in the chinese city of han. researchers say leaps between species happened when humans and animals are in close proximity one hypothesis is that the corona virus jumped from bats to pangolin.
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