it's on choose to be killing at least $130.00 people and wounding thousands while governments around the world have been offering aid and assistance while the world health organization says it is early voting supplies the country. you're watching news from berlin i'm malayalam right coming up next steve inversely with your business headlines and i'll see you again tomorrow same time. happiness fears for everyone schuman penises are very different from primates peanuts we have a totally ridiculous romanticized view of nature and their favorite this is climate change regular sex house events in greece books you get smarter for free you know where your books on you. are actually blockbusters from nigeria you know that's what money would sponsor dreamy.

authentic. tupperware and successful beyond belief. motherhood this is the way we do it. would start aug 7th on d w. 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 on the show 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't twirl wanda's parks in person to do it virtually. all of welcome to the show and stephen

beardsley in berlin as always it's good to have you with us south african miner gold fields 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 production being almost unchanged goldfield share price shot up on the news it comes a day after 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 van 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. well the mining companies as well unions you are actually saying you have owners they're actually doing the hard work here but in one more risk in the mines have been hotspots for coronavirus you can imagine people were

close together were not always the best events of asian so we've seen a lot of infections in the mines and it is already a very dangerous profession here i mean gold here is my assumption at 3 kilometers a foreign office death. prioress on top of it yet and that's what 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 there are units that have to push. kind of the. ties in the hands and are trying to make sure that my markets don't work too close together companies to provide face must they have already 1st. take. tests last is very difficult for

a lot of them up. all right and that's less. and less fun gelder they're joining us from cape town a difficult connection there we apologize for that. moving over to india the coronavirus death toll continues to rise and globally 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 for ease 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 restrictions will be necessary to stop the spread of the virus it's

a decision with potentially catastrophic economic consequences the indian economy is there are very much in a deep recession already it's facing the worst economic crisis since the 1979 which was the last time india out of recession because of the negative shocks to consumer as 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 the pandemic ends. it's the grim

dilemma of being faced around the world and he hopes it 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 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 of the 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 hopes 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 and new vehicles were 30 percent lower than the same time period last year but now a cut to the value added tax to 16 percent could help turn things around the small change amounts to

a big discount carmakers too 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 ally. 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 let 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. 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 tirzah 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 you're doing this period 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 made 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. stop to get a small minute to survive. the business this room. then. we continue. patrick durango wants to offer tourists an alternative to actually being here he's taking photos of tourist hot spots in kigali the entrepreneur office virtual tours as yet on a small scale either online or using these video our glasses the tools should feel as real as possible like this one through a faithful recreate of a traditional royal residence.

before because. people didn't know about the very true touristy couldn't understand the idea behind but now we're not talking about retro tours in 3060 goes fast because people are like i can try to 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. for operations because we needed money for top of it not to go to city we are looking at. starting with domestic tortoise but without foreign guests to raise them in rwanda will remain a shadow of it myself there is some hope thing the volcanoes national park is and

again there are already bookings from european tourists for the summer. or it will a cure to the coronavirus could help tourism around the world and while that's not very likely to happen soon there 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 www dot com slash business do check us out on facebook and twitter i'm stephen beardsley as always nice to have you with us.

into the conflict zone tim sebastian. hong kong never means to news for long these days for now it's a draft of a new security law to be imposed by the for voting controversy and protests joining me this week from long gone is regina it's a member of the city's legislative council and chair of the fro breaking news peaceful policy. conflicts. in 60 minutes fantino. crime fighters are back to africa's most

successful radio drama series continues through the whole of the sodas are available online and of course you can share and discuss on w. africa's facebook and other social media platforms. tune in now. this is day to day news africa on the show today the school suspensions in subsaharan africa they're taking a toll and mostly on the underprivileged school needs when she was going to ride to school leaving exams this yes but can't has canceled the 2020 academic yet so how off sheet and other school children are getting back. to the grades and pursuit of peace in mali fall at the politicians come in the country's crisis.