tv Business - News Deutsche Welle July 22, 2020 5:15am-5:31am CEST
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it's a constant social need distanced to make the comments at the 1st covert $1000.00 bracing and nearly 3 months. you're watching did every news live from berlin don't forget you can keep up to listen news on our website that's w dot com and you can follow us on twitter and on instagram as news i'm going to find on the style thanks for watching. what secrets lie behind the small. discover new adventures in 360 degree. and explore fascinating world heritage sites. p.w. world heritage 360 getting up now. how does
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a virus spread. why do we panic and when we'll all this. time for just 3 of the topics covered and a weekly radio show is called spectrum if you would like any information on the krona virus or any other science topic you should really check out our podcast you can get it wherever you get your podcast you can also find us at twitter dot com forbes 5 science. members break an old taboo and agree to common debts investors are happy what does the 750000000000 euro pandemic recovery package mean for the block in the long term we'll talk to an expert. also on the show washington is under pressure to pass its own aid package. as case numbers rise and benefits near their expiration date.
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and they're ready for their close ups but not too close look at the film business in the time of the pandemic. hello and welcome to the show and see fares in berlin good to have you with us investors are embracing the e.u.'s unprecedented 1.8 trillion euro aid and budget deal which would see the bloc borrow against its own budget for the 1st time in its history the euro hit an 18 month high on the agreement which also drove market gains in asia europe and the us the deal hinges on a $750000000000.00 euro coronavirus recovery fund divided into loans and grants for members hardest hit by the pandemic the grants don't have to be repaid here's how european leaders have been selling the deal. the agreement reached in brussels early this morning is good news for millions of people in germany and all over europe. any help is needed now especially for countries that calm manage the
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recovery on their own likes and evelyn's next change we expect those countries to do everything possible to manage on their own next time for over the year interest rates are lowered the cost of borrowing is smaller and everyone benefits from that that's called financial solidarity so that's what was born this morning in this agreement and it's significant progress. it's an authentic marshall plan to give a false full response to the covert 19 crisis but also to make those transformations we need a few want to be a resilient competitive think lucid for digital and green economy for the coming decades even. after year cramer is chief economist at germany's commits bank and he joins us from frankfurt you're welcome to the show ok so the e.u. is planning to raise debt worth 750000000000 euros and for the 1st time it's going to be joint debt if you explain how that works exactly.
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usual union issues all with the issue of laws $750.00 euros and these bonds will be backed by the u.v. united budget that means the individual countries even good member countries are only indirectly liable to pay these bonds ok so who is going to buy the stat who wants to own the debt of the e.u. with the usual suspects it means banks insurance companies means of those institutions who are required by the state regulators to hold government lots of a 750000000000 euros what does this mean for inflation potentially in the e.u. that's a lot of cash coming into the system absolutely and we know that you mean the central bit with buy it off these bonds and. in the long run i think this is
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a problem for the coming 2 to 3 years because of correlate unemployment is unlikely to pick up in the long run this is really true more inflation is the e.c.b. bicycles these government bonds which needs to increase in the money supply have grieved even if you do not see the sale of fishes c.p.i. inflation right to secede more as a price finish that means a morning creases in the price of houses and this is made in some countries in a couple of years. you know with such a property that this can cause a lot of economic damage to several i think this kind of policy as a golfer wrists all right here cramer chief economist at comet's bank thank you very much and let's take a look at some of the other business stories making headlines. evie has sold its online classifieds business for more than 8000000000 euros to out of into the
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norwegian company runs online marketplaces across europe and latin america the deal will significantly boost the size about offensive as it acquires e bay classified ad sites including gumtree in the u.s. and in canada and italy. irish budget carrier carrier ryan air has announced it will close its base at front for hahn airport in november and it is reportedly considering closing hubs in berlin tagle and dusseldorf the decision comes after the union for german pilots rejected of pay cut proposal. united airlines has reported a 2600000000 dollars 2nd quarter loss the carrier has been scrambling to adjust its operations to a sharp drop in demand especially for international travel during the pandemic and the 3rd quarter united expects to fly about 35 percent of the schedule it had a year ago. and saying in the u.s. republicans there are forging ahead on a new one trillion dollar coronavirus relief bill but faced skepticism from
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president donald trump as well as democrats in the effort comes as the pandemic worsens in the u.s. and before a supplement to unemployment benefits expires at the end of the month trump wants a payroll tax cut built into the deal democrats meanwhile have dismissed the emerging republican plan as favoring corporate corporate rather interests and not doing enough to help working families. and without let's go to our financial correspondent yens korda in new york good to see you why is there such an urgency to passing a new package. the economy is still struggling quite a bit here in the united states you have estimates that restaurants for instance 20 to 25 percent of those countrywide actually might have to close and for good you just mentioned united airlines their revenue actually dropped by a good 80 percent in the past quarter but you also have people being unemployed struggling quite a bit i know people without federal aid they just will not be able to face and pay
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their full rent so that will also affect. for instance all there definitely is still need for more aid out of washington for the population and also for struggling businesses. i would imagine that the u.s. has the money to spend so where exactly is the debate over this bill well if they have the money and then debatable i mean we're just tightening up a nice debt load term here in the united states but then again i mean the debt is already so high so who cares about a couple of $100000000000.00 more of what we're talking about the stimulus package that is discussed right now is roughly one trillion dollars and you're right in that respect it's not about the amount itself but how to spend it democrats for example want much more money for school and then $1.00 important program actually ends next a week and that's a weekly unemployment aid office $600.00 so that's going to expire and democrats
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for instance want to just actually continue with the program republicans are far more hesitant to actually give the same amount i just talked to a restaurant manager here on wall street running a big steak house and he said he's dead against this program because he says $600.00 per week that small then there then his employees usually make so they're just not showing up for work so basically there's a big debate how to spend this money all right yes quarter with the latest from wall street in new york thank you yes. well a pandemic hit the pause button on the global film and t.v. industry but as europe emerges from the coronavirus lockdown filming is also resuming so how do you shoot an intimate scene and keep socially distance well it helps to have someone with a yardstick on the set. of these old scenes from the german telling novella was an old red roses could need a rewrite heart but it still has
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a couple of his acting is very physical and includes working together closely with other people literally closely but that's not possible anymore in india 5 in one when you're acting you don't want to feel like you're on set but this little voice in your head says keep your distance one and a half meters one and a half meters option and. the same applies behind the camera right. film sets a crowded places. to keep your distance but they mature enough to remove your masks 10 minute break to get some fresh air. into it's just another thing i have to think about i have my lines the scenes my screen partner the set and then suddenly someone yells from behind one meter 50 and i'm like some kind of commandant but it startles you and totally throws you off yeah that was too close. as i spent 80 percent of the day brandishing my yardstick constantly reminding people
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come on guys maintain a distance you know strong and that's probably the problem is that we have to completely rethink our usual routines muscles filming has totally changed. as it's shown leg takes longer and costs more in part. you can't make movies without insurance and a pandemic like over 19 is not insured so that's a risk it's something we have to discuss with clients and more importantly with policymakers. or does it is it worth taking that risk at the end of the day the who think ian yeah totally there's no sense in not filming you have to do it differently and taking every single project into account on an individual basis i can stand the tough we've set up a crisis team that draws up an action plan for every production in conjunction with our company doctor to establish who gets tested when and how often yeah vertonghen
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invision most detested so could we end up with clumsy cheap looking films. i don't think anyone will notice the difference and we even airbrushed out the plexiglas during the kiss in a wedding scene no i don't think people will notice that but a sex scene without getting close without rigorous testing and lengthy quarantines it just won't happen. the lights out it's who you are is a reassured that we're keeping our distance yes mom i will good but at some point it will just look awkward that's passed on as we're just glad to be filming again and that is as long as viewers don't switch off as reserved. that's it for me and the business as always thanks for watching.
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