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tv   Business - News  Deutsche Welle  July 14, 2020 5:15am-5:31am CEST

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don as well. cost one the points and a small socially distance crowd share and center won the 1st round match of the nit pandemic exhibition chart events. you're watching dado billionaire's don't forget you can get up to date on all the latest on our website that student news dot com or you can follow us on twitter and instagram at this i'm claire edges and by then from me and the whole team here thanks so much for joining us. how does a virus spread. why do we panic and when we'll. introduce 3 of the topics covered in the weekly radio show is called spectrum if you like in the information on the coronavirus or any other science topic you should really
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check out our podcast you can get it wherever you get your pod cast you can also find us and. science. what secrets lie behind us what. discover new adventures in 360 degrees. and explore this amazing world heritage site. w world heritage 360 to get to that now. job cuts a dime set to run deeper than ever previously feared the most a tease maker says the 15000 it had earlier warned of were no longer the enough. coronavirus as it exposed what's been called modern slavery in british textile factories workers making well below the minimum wage. and keeping
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connected we look at the start of perhaps helping people to stay in touch with their loved ones during the coronavirus pandemic. this is due to be a business on robots in berlin it's great to have you with us so diner says it will need to make further job cuts on top of the 15000 it was already planning the maker of most sadie's benz cars says it needs to increase cost cutting its demands for its vehicles slums dime they're currently employs nearly 300000 people worldwide. when i speak to christian start he's an automotive expert at warwick business school in the u.k. thanks a lot for joining us so what's behind these defending job cuts. well dime that was already a year under pressure prior to the coronavirus crisis and its other common effects for us as well they felt that crises morse more so it would trouble already
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to some extent now this is a 2nd aspect is that what fundamental shift in the industry towards it will be which will probably see more cuts not just you but across the more traditional manufacturers' yes on the other hand to dime no we've heard that tesla is planning to take on more than 10000 workers for its new gig a factory in germany so why is tesla able to be hiring when other car makers are firing. 1st of all a small note of caution here is at the moment applying for the various permits in day probably going to put forward an optimistic number in the number of people as they can hire but having said that they also fundamentally in a different position they don't have a legacy business the entirely towards these new growing business and 'd you know in that space you can high up not doing
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a good probably as other manufacturers also high in that space but at the same time the more traditional business which tends to employ more people is probably going to become smaller so they'll have a reduction overall headcount but does this difference that we see in fortune so the an electric car maker hiring and the others having to shed people reflect a change in the direction of the global car industry it's yeah i was inclined to say yes not necessary to test that is going to wind at a particular game yet it's too early to say. this is a 2nd mover advantage sometimes of companies that seem a bit slow to start with but then can also learn from the mistakes that i just made it more the forefront initially but there dearies to shift more towards it because i think that is true yes and that's where test is benefiting at the moment well thank you very much for your time christian from warrick business school next to
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the u.k. where the coronavirus lockdown has exposed shocking conditions in some of england's textile factories is that as many as 10000 people could be working and what's been described as slave like conditions cliff it can and has the story. in leicester reimposing the coronavirus lockdown has exposed an evil many believed long banished from britain slavery unscrupulous garment factories in the u.k. stand accused of employing thousands of workers for slave wages. it's around about 10000 individuals who effectively modern slavery providing garments for internet retailers a new report based on police records has found out across britain 3rd least one 100000 slaves there are earlier are far below the minimum wage. machinists pay being paid 3 cards in the pack is being paid.
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well this seems to be. leicester city council reckons there are around 1500 textile factories throughout the city many are small businesses housed in buildings in bad condition. home office immigration enforcement bombs are patrolling the streets of the city there are concerns that some of the exploited workers are in the u.k. illegally. i'm not pretending to this doesn't exist we're not shutting our eyes to it we are working with everybody who wants to come forward to help expose this abuse. lester re entered lockdown in early july after rising coronavirus numbers were detected in the city the covert 1000 pandemic looks like you to make the problem of slavery even worse now to the us where it's been something of a roller coaster day for markets in new york optimism over a potential coronavirus vaccine drive the nasdaq to
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a record high in early trading but that was wiped out by the end of the day so let's speak to our financial correspondent in new york jose luis to haro jose what's behind this bumpy ride we're seeing. i would say a couple of things rob we have to to have in mind early optimism a came especially from from the f.d.a. granted and to fast track designation to 2 of their debt like scenic candidates from. an a biotech also we saw some m. and a activity picking up with analog devices offering it to buy into great ed and on top of that we can say that pepsi earnings were bad but not as terrible as where respect and let's see what happens now with the big banks for the rest often week but the consensus is already bracing for itself or for
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a 44 percent drop in aran in seeing the s. and p. $500.00 in debt 2nd quarter but then we have to have in mind also that california announced the closing of ball ours and indoor restaurants because of the increased cases of covered 19 and tech stocks especially that the usual suspects such as aapl or amazon are we have been basically the main drivers have for their current rally started to fall and. demanding dick says that with them that said we have to keep in mind rob that the s. and p. $500.00 repleat turned positive for the year and as you mention and denounce that is up nearly 16 percent so far in 2020 as it was daryn thanks for keeping on top of that for us as a financial correspondent in new york. now to some of the other global business stories making the news the middle east oil producers are expected to make
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$270000000000.00 less in revenue this year than last year the international monetary fund is predicting the overall regional economy will shrink by more than 7 percent during 2020 because of the double hit of the coronavirus outbreak and turmoil on energy markets. a coronavirus crisis has seen many of us turning to digital communications where we might have preferred to have at someone face to face leaders in the industry such as zoom and skype names that we've come to know now well from the pandemic but so have smaller companies who've seized the opportunity to develop new ways of keeping in touch. and it's time in the nursing home garden stuff will send this picture of the it is to her relatives via digital platform called meal. i'm happy i hope it turns out well. the photographs videos and text messages
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a lot of clips talk to the base to keep track of how his mother who suffers from dementia is doing and how she's spending her days. you're all kind of message she's consciously sending me it's taken by the care workers so for me it's just a little highlight and a highlight. stuff at the nursing home are glad to be able to share information under events over a meal. many residents aren't in a position to communicate on their own via social networks what's more i'm also into the one big difference concerns data security by which i was up for example is a little bit ambiguous when it comes to this issue information and for me as a manager it's great to be able to have an overview of if you want i don't want to call it controlled but i can see who might need to be sent a couple more pictures. to founders of the berlin star so we're primarily
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interested in easing the job of care workers who then felix coonass spent 6 months as volunteers caring for the elderly. the funds were really struck by how hard they worked out how little of that is recognized by society or even the residents relatives we wanted to change fast or. some $100.00 clinics now use the platform for which they pay up to $500.00 euros a month the market for the service has been growing during the coronavirus pandemic the company now employs 16 people. that's where you try another berlin star so bored one day like to be. their online service allows users to mingle and hop between different conversational circles much like you would at a real event like a work of the ring you can switch groups at any time all while keeping an overview of where everyone else is some $1000.00 companies and event organizers are already
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on the platform. itself and the reason you can go to events is to get to know people to exchange ideas and to have random encounters and i think the moment you offer a part for mike daisey creation new market for events which before this point wouldn't have been possible. the coronavirus has triggered a boom. in digital communication tools start ups like yo tribe and meo hope the trend will continue posts pandemic. and that's all from a on the business team here in berlin if you want more from us to check out our website go to www dot com slash business you can also seek us out on facebook and twitter thanks for joining us and take.
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place. these are sold rifles should not be. german arms my trip home cost. to mexico above. us is always seem to find ways to get around the governments that supply. the exports bombs industry leaders in
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this footage shows the fateful moment. i'll go on the run 50 other students had commandeered public buses to get back to the college after a demonstration.

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