tv Business - News Deutsche Welle July 11, 2020 5:15am-5:31am CEST
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not an imaginary one however a visionary it might it seems when it was designed. 1904 that's when it was designed and it has been on the construction since 2003 now part of the underwater project is already corroding and experts here depending on the pace of sea level rise these nano berryessa might soon be obsolete. you're watching news live from but i'll be back at the top of the hour with the headlines from the team here in berlin thanks for watching. what secrets lie behind us want to. discover new adventures in 360 degree. and explore fascinating world heritage sites. p.w. world heritage 360 get kidnapped now. go to use crime fighters
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are back africa's most successful radio drama series continues this season the stories focus on hate speech color of prevention and sustainable child going to production. all of this opens are available online and of course you can share and discuss on africa's facebook page and other social media platforms. crime fighters tune in now. is the 1st drug shown to be effective against the grown a virus in our nations are racing to get a hold of them does appear to give you the latest. also on the show new 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
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largest rotavirus outbreak begins to change its labor practices. welcome to the show i'm seeing bears in the lead. it's not a cure it's not 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 but 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 1000 patients it follows similar moves in india japan and the united states. the company that makes the drug is an american firm that has
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faced criticism for agreeing to sell the vast majority of its output to the united states gilleo told d.w. that its face difficulty meeting demand and that it's planning to increase the 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 ram disappear 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 do it well 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
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happen and worldwide we have really a lot of hot spots where the outbreaks are huge and that's why i'm not sure if what is going to deliver will be enough and we just adopted a resolution in the european parliament where we say that we come to our cooperation and diagonal so i would prefer that the ads themselves were cooperate with companies. 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
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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 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 sicht is huge topping footprint business have been booming until the coronavirus. now operators face billions in losses and lawsuits 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
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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 on land and takes time outside then the passengers want to take a cruise again one of union 5 definitely and grounds were booked out our passengers all want to come back we're booked out 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 head of the fatah 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 because wherever 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
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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 i it's great being built they really call everybody thought out because they get into that business could be good one can go in continuously and told me 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 yes been isn't expecting a surge in interesting cruises but investors seem to disagree what can you tell us
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. they're well i mean we've got numbers from mcconnell the biggest cruise some operators on the planet for example the princes crucis are also the cure to all be long to connersville and the pasqual are they saw a dragon you dropping by a good 85 percent well no big surprise as no ships were really leaving the harbor but what is quite surprising is their 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 so wife for now so 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 way 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 is working tell us looking
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ahead to next week what should we expect. yeah 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 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 a citi group and analytics analysts expect that it will be the worst quarter for banks 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 companies it. reached a new 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
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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 or a quarter with 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 responds to france's digital tax which paris imposed this year and deferred after protests from washington attacks would primarily hits would have rather primarily hit large u.s. tech firms. the european central bank says bulgaria and croatia have been accepted into 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 join the
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currency bloc as its 19th member. european union has launched a probe into a trade deal with the medicals or group of south american countries after 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 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. to near 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 turn ears and other slaughterhouses to face criticism for this of contracting practices as well as the living conditions of
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workers meanwhile tourney is has also applied for the reimbursement of its labor costs due to the closure of the company by a thorough. politicians say it's absurd that the company which caused an entire region to lockdown should claim compensation from the taxpayer. attorney is rid of eden normally slaughters and processes up to 14 percent of germany's pigs the company owns 19 meat packing plants in the country. and that's it for me and the business team here as always you can find out more about these and other business stories online at www dot com slash business on facebook and twitter m c let's watch.
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borrowed it. cuts for. the flow sound. a little camera. and action. have some talented filmmakers from different parts of the world all have one mission. they live for selma place that smelly non-atomic spot the free women so much better as for them. 21. and 30 minutes on d w. are they friends so long to be with you should try to steer the board which it wasn't really a full farm of the publishing is new management or are they and i mean when he was
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the finished ceiling of voters feel pushed you go with him but his views are little he's going to go give up if i get bored for i just donald trump i'm standing here putin and i were to carjack him intrigued analyzes the difficult relationship between russia and the us and between their presidents how does their mightily and their dangerous mutual admiration. affect the rest of the more. important starts august 3rd on d w. hello and welcome to you tomorrow today the science show on t w coming up self-taught the cars are just around the corner. once they hit the roads traffic flow will have to regulate itself a ton a mystery to me. how far along is the technology for that and is it safe.
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