also it was the need of the app to some photos and video phone what's happening around you. every news coming up next my colleague in their sleep how your business update and i'll see you at the top of the world headlines. you know that 77 percent topic are younger than 65. that's me and me. and you know why this time all voices. in the 77 percent talk about stuff. from politics to flash

from housing boom boom town this is where. welcome to the 77 percent. this weekend v.w. . move. south african miner gold fields is forecasting windfall profits the price of gold has taken off during the pandemic but it's also posed a threat to south africa's mining community. also one show coping 1000 cases are on the rise again in india now delhi is looking for the right balance between locking down and keeping small businesses alive. and what you do when you can twirl wanda's parks and person doing virtually. well and welcome to the show i'm stephen

beardsley in berlin as always it's good to have you with us south african muttered goldfield says it expects half your profits to jump by over 300 percent due to the recent surge in the price of gold despite its level of production being almost unchanged goldfield share price shot up on the news it comes a day of the price of the precious metal broke the $2000.00 mark its highest price ever. for more on this let's go to cape town now and talk to correspondent ellis value gelder ellis good to see you 300 percent that is a massive rise does that mean the pandemic has been all good news for gold miners like gold fields. and mining companies as well that unions here actually saying have been or is that actually doing the hard work here and one more risk in the mines had been hotspots for coronavirus you can imagine people were close

together were not always the best events of the ocean so we've seen a lot of infections and in the mines and it is already a very dangerous profession here i mean gold here is my assumption at 3 kilometers a full knowledge is death. prioress on top of it and yet that that makes that union say this is becoming a very dangerous business in south africa and are we seeing any responses to these dangers is there any more effort to protect miners. then they are you didn't have to push. that kind of been done. in the hands of trying to make sure that 9 markets don't work too close together companies to provide face must they have or have hundreds. take. tests last is very difficult. i've been.

all right just kind of the s. . and ls fun gals are there joining us from cape town a difficult connection there we apologize for that. and moving over to india the coronavirus death toll continues to rise and globally and it's india that's leading in daily deaths in new infections the country has been in and out of lockdown weighing the fight against the virus with its effect on the economy teles markets and shops have sprung back to life since coronavirus restrictions were eased recently but one question is increasingly on people's minds can this reprieve from lockdown last india has become one of the world's largest covert 1000 hotspots it's recorded more than 50000 new cases a day for 7 days straight many fear returned or a stricture will be necessary to stop the spread of the virus it's

a decision with potentially catastrophic economic consequences the indian economy is very very much in a deep recession already it's facing the worst economic crisis since the 1979 which was the last time you had a recession. because of the negative shocks to consumers the corporate sector is also suffering very badly a major concern is india's already fragile banking sector banks are now facing a wave of soured loans as businesses and consumers struggle to pay back debt. and india already had a banking sector crisis even before the pandemic began so if many small to medium enterprises and even bigger companies face rising bad debts this is problems for the banking sector and that's a downside risk that could go on long after dependency ends. it's the grim dilemma

being faced around the world and he hopes they can stop the spread of the virus without inflicting permanent damage on its economy. and let's take a look at some of the other business stories making headlines around the world. united states has put sanctions on one of them bob noyce most prominent business men. weary citing his opaque dealings to query is a former partner of commodities trader traffic europe which is accused of using political connections to gain its dominant position in the country. virgin australia is shedding $3000.00 jobs that's a 3rd of its staff carrier is bracing for long lasting disruptions to air travel due to the pandemic the company is selling itself to u.s. investment firm bain capital after recently filing for bankruptcy. and disney took an almost $5000000000.00 hit in the last quarter depend to make indeed theme parks and cinemas its new film launch will skip the big screen and be offered

instead on its streaming platform company now plans to invest even more in content . germany's b.m.w. has reported a 212000000 euro loss for the 2nd quarter revenue plunged in the period from april to june with many economies locked down carmaker says it's cautiously optimistic about the rest year. a cautious optimism might be the motto of the german car industry as a whole at this moment 1st half of the year was devastating but sales have picked up at least domestically lifting hope somewhat for the rest of the year but there are of course still some strong headwinds. the 1st half of the year german car sellers were running on empty registrations of new vehicles were 30 percent lower than the same time period last year that now a cut to the value added tax to 16 percent could help turn things around the small change amounts to

a big discount comic 2 are offering significant discounts and due to corona consumers in germany this year spending their summer holidays in the country they are not spending a lot of money on ads. tickets this too has helped for new cars the industry is now speeding ahead at least in germany from june to july new vehicle registrations leapt 43 percent a majority of sales went to individuals while corporate buyers stayed on the sidelines but exports were weak. looking at the full year we expect things to remain difficult for the auto industry but so much depends on how the pandemic progresses another lockdown would of course make things worse so. the auto industry is a key employer in germany with some 800000 jobs already battling manipulation scandals and the transformation to electric vehicles that corona virus has been yet

another speed bump. and as you may have heard the pandemic has uprooted the tourism industry worldwide putting many small and large businesses on the brink but also for countries dependable tourism like rwanda the drop has been a bitter blow in the capital kigali the lack of international visitors is undermining many businesses there. as a response could digital vacations give rwandan tourism a boost. rwanda is famous for its rare mountain gorillas the animals are a particular attraction for tourists from abroad but since the pandemic there's been a big drop in visitors to the east african country sightseeing buses have become a rare sight in the capital kigali and most of their passengers are a wonder and getting dispirited it was a very difficult because they're busy and the business has almost 100 percent stopped. people are looking moving. out of this tom. the

ban on tourists entering the country from abroad was dropped in mid june but there are still few flights it doesn't make sense to offer many tours so the company's 13 employees are working and earning less. we are good with our stuff but we are temporary the stop to get smaller money to survive. the business. then there was. we continue. patrick wants to offer tourists an alternative to actually being here he's taking photos of tourist hot spots in king garley the entrepreneur office virtual tours as yet on a small scale either online or using these v.a.r. glasses the tools should feel as real as possible like this one through a faithful recreate of a traditional royal residence. before

. 19 people didn't know about the virtual tours the couldn't understand the idea behind but now we're not talking about virtual tours in 360 because files because people are like truly visit this place without leaving my house. hopes that even after the pandemic his virtual tours will continue to enhance the visitor experience and that there are tracked more foreign tourists to rwanda in the meantime the government is providing loans to support the tourism sector. particularly to get the city tour we had to. fund that front. operations because we needed money if we talk about it but to go to city we are looking at to. starting with domestic tourists but without foreign guests to resume in rwanda will remain a shadow of if it will myself there is some hope that the volcanoes national

talkies and again there are already bookings from european tourists for the summer . very well a cure to the coronavirus could help tourism around the world and while that's not very likely to happen soon there's been many unconventional ideas coming up in the meantime according to at least one japanese gov the answer to the virus is gargling using a product called iceage in the doctors have since denounced the claims but sales of the medication went through the roof in japan as did the company's share prices after the announcement japan is seeing over a 1000 new infections a day. all right add that to the list of possible cures and that's it for me and the business team here in berlin as always you can find out more about these and other business stories online at the dot com slash business to check us out on facebook and twitter i'm stephen beardsley as always nice to have you with us.

up to date don't miss our highlights. program online w dot com highlights. for more clusters from nigeria who we are as a people here does what normally would sound small. or don't. often take.

fast moving. and successful beyond belief. this is not good this is the way we do it. nollywood starts august 7th on t w. this is d w is a shop on today's program a double triumph for india's hindu nationalists i know from many muslims in the region. empty streets and security personnel marked one year up since the government of delhi removed the autonomy of kashmir and imposed direct rule on the muslim a job to reject. on the same big prime minister narendra modi kicks off construction of the temple to on the one of the most important courts in hinduism on the ruins of a mosque.