tv Business - News Deutsche Welle July 11, 2020 1:15am-1:31am CEST
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now part of the unknown want to project has already corroding and experts fear depending on the pace of sea level rise these yellow berry s might soon be obsolete . you're watching news the live from bill and remember you can always stay up to date on our web site called and you can follow us on twitter and instagram apps. thanks for watching. in the height of climate change. conference cosmic. what's in store for. morning news today for the future. e.w. dot com for the major cities to go to insight click counter are they friends say wanted to be with you should try to steer the board which is most of the your belief among the publishing is new initiative or are they enemies with the
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usual simulations of used to live coverage sure we wish you could go with me but he's using the water he's going to go give him my demo board for raja donald trump running your putin were 2 part documentary analyzes the difficult relationship between russia and the us and between their presidents how does that. if the 1st drug shown to be effective against the coronavirus nations are racing to get a hold of them does appear for you the latest. also to show you hygiene rules for the cruise industry to get the massive liners out of dock and back into the high seas but can they fill the cabins. and the meat processor behind germany's largest run a virus outbreak begins to change its labor practices. welcome to the show i'm seeing bears in blood. it's not a cure it's not
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a vaccine but it is the 1st drug shown to be affective against the krona virus does appear studies have shown that it can speed recovery for severely sick patients and that makes it highly coveted around the world the distribution plan from its american producer is facing scrutiny. from death of beer is no wonder drug but it has shown promising effects in the treatment of people who fall in severely ill with covert 19 originally developed to treat a bowler it's attracted interest from countries around the world. last week the european commission gave conditional approval for m.d.'s of year to be used to treat seriously ill covert 900 patients it follows similar moves in india japan and the united states. the company that makes the drugs get an american firm that has faced criticism for agreeing to sell the vast majority of its output to the united states gillie out told g.w. that its face difficulty meeting demand and that it's planning to increase the
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production of ramdass of beer from the current 190000 batches per month to $2000000.00. future supplies the company says will be allocated on the basis of the number of new infections in a country. european policy makers have also been threatening to impose compulsory licensing on ramdass severe this would allow other manufacturers to produce the drug under world trade organization rules such a move would be possible in the case of a national emergency and we asked european parliamentarian peter lees why the e.u. might bypass the patent when the company insists it will deliver the drug. yes it will be but i'm not sure if it is not you know for the moment in the united in the european union the figures are quite low but we don't know what's going to happen and work wise we have really a lot of hot spots where the outbreaks are huge and that's why i'm not sure if
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what is going to deliver will be enough and we just adopted a resolution in the european parliament where we say that we can't cooperation and diagonal so i would prefer that the ads themselves were cooperate with the company. side with us or to produce a draft but it's not the international law for peace composites relicensing so it's not something that we invent in this policy in the emergency situation and i think we are in a way. the cruise industry has agreed on a new hygiene plan to get the giant liners sailing again most are in dock some are still stranded at sea with crew aboard and ports refusing entry many vessels saw outbreaks of coronavirus routing many vacation my colleague been physical and went
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to hamburg to find out if anyone will ever want to take a cruise again. most of these big boats aren't going anywhere i was never a fan 2016 was my 1st and last cruise i caught the number of virus i was sick as a dog ever since then i've kept my distance this is as close as i'll get to the giants of the sea hamburg germany made port but i am one of the few despite health scares and the sick it's a huge topic footprint business has been booming until the coronavirus. now operators face billions in losses and those suits health experts say the ships helped spread the virus the industry says it took extraordinary measures to limit outbreaks germany's attorney i had to call on australia for help when the virus broke out and. this cruise entertained it was trapped aboard and is critical about one thing she should have been kind of the ships don't have a party to carry out corona tests of the like you have been caught has to be done
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on land and takes time outside fending passengers want to take a cruise again one of union 5 definitely booked out passengers all want to come back. for the next 2 years and i'm certain many many people will want to do the trip you know isn't much and it'll take a lot to convince me to set sail again but i've got nothing against this little guy . to combine to hold my hand he's an expert in the field. of cruise ships more susceptible to something like the coronavirus than other places that certainly are the part where ever you have big crowds of people $4000.00 up to $6000.00 plus the crew on the narrow area program makes the guy though. the risk is there to basically these giants of the sea. some of which have only just been finished but are they going to run at full capacity there was a very big there money and this was the reason why more and more trips of this all
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youth group being built they really thought everybody thought i just figured that business could be good one can go in continuously and go on our way to stop a full stop some smaller expedition boats are now allowed back to sea but with only half the passengers and no stops along the way the big ones are still in dog. they look so alone completely empty but bookings are already surging operators are offering big discounts and promises of a gold standard in public health some analysts expect another boom even bigger than before the crisis just don't count on me. all right let's go to our financial correspondent in new york yes korda yens so been isn't expecting a surge in interesting cruises but investors seem to disagree what can you tell us . they're well i mean we've got numbers from mcconnell the biggest cruise some
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operators on the planet you know for example the princes crucis are also the cure to fly and i'm all belong to connersville and the pasqual are they saw a dragon you dropping by a good 85 percent well no big surprise as the ships were really leaving the harbor but what is quite surprising is they look at 20 at 21 so carnival is saying that bookings are actually only slightly down in the low single digits and they're also saying that they have enough liquidity to the wife for knowledge of the stock up by more than 10 percent and the friday session went ok economy stands at around $16.00 per share that is still well below the roughly $50.00 the stock was worse at the beginning of the year or it's a good news for the carnival industry to end the week looking to us looking ahead to next week what should we expect. you know the big thing is going to be earning season i mean older and health scares that we've seen in the past couple of days
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all those record numbers off infections here in the states nobody really seemed to pay too much attention on wall street so now earning season is going to kick off the beginning will be was the big american financial institutions j.p. morgan goldman sachs citigroup and analytics analysts expect that it will be the worst quarter for bangs at least since the financial crisis still banks actually were among the bigger winners in the friday's session and then the big thing will also be technology shares the nastar compass it. reached a new will all time high on friday up for a good 4 percent for the week so we will see in the upcoming earnings season how companies like netflix and amazon and apple and so on and so forth so we'll be fairing but we will have to wait another swe weeks or so before we get the numbers the quarterly results of the big tech companies here in the united states are
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a quarter of the latest from new york thank you and let's take a brief look now at some of the other business stories making headlines the u.s. is imposing retaliatory tariffs on 1300000000 dollars worth of french goods and suspending them top american trade official robert light hisor says the move response to france's digital tax which paris imposed this year and deferred after protests from washington tax would primarily hit would have rather primarily hit large u.s. tech firms. the european central bank says bulgaria and croatia have been accepted into the exchange rate mechanism to as a precursor to adopting the euro as their currency over the next 3 years it paves the way for the 1st enlargement of the euro zone since 2015 lithuania joined the currency bloc as its 19th member. european union has launched a probe into a trade deal with the miracles or group of south american countries after
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complaints about its environmental impact activists said the deal cutting tariffs on farm products would have a devastating impact on the global climate. the german meat processing company at the center of the country's largest corona virus outbreak now says it will change its labor practices tourney's will stop using sub contracting firms and begin hiring employees directly it was already facing government pressure. turner said it intended to directly employ 1000 stuff by the end of september as part of a plan to end all sub contracting in its business before next year. the move is voluntary but comes as german lawmakers consider legislation enforcing direct hiring for meat packing plants turning us and other slaughterhouses the face of criticism for this of contracting practices as well as the living conditions of workers meanwhile turning us has also applied for the reimbursement of its labor costs due to the closure of the company by all thirty's politicians say it's absurd
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that the company which caused an entire region to lockdown should claim compensation from the taxpayer. attorney is rid of eden normally slaughters and processors up to 14 percent of germany's pigs the company owns 19 meat packing plants in the country. and. as always you can find out more about these and other business stories online at www dot com slash business on facebook. let's watch.
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are now doing the for everyone and. that's the vision of a new new start out. there so new science shows how constant be different. because what's mine is awesome yours. read. them 16 w. . me there i'm david and this is climate change is it sex. happiness increase book. this is the book for your. children smarter for free or you books on you tube. has a virus spread. why do we panic and when we'll all miss. just 3 of the topics covered and the weekly radio show is called spectrum if you would
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