they are guarding gaza's past in a box. only see in black and white. collective memories of august 14th own d.w. . new worries about a 2nd coronavirus way as australia tough measures for success in containing an outbreak hotspot what price will businesses have to pay to stop the virus from spreading again also come china cracks down on small traders banishing their stalls to the edge of town but are communist leaders underestimating the importance of the economy. i'm chris colfer welcome to the program a fear has crept into offices factories and boardrooms the fear that there might be

a 2nd time the global economy is forced into a pandemic induced standstill now many are looking at australia which is grappling with a 2nd wave of coronavirus and could provide a plan of how to deal with it. in melbourne the police are checking whether people who tested positive for the virus are awaiting test results follow self isolation orders if they don't show up at the door they can face fines as high as 20000 australian dollars. melbourne home to 5000000 people feels empty all non-essential stores have been forced to close and even essential businesses such as meat packing have been ordered to reduce the number of stuff working at one time it is also unlikely curfew from 8 pm to 5 am. melbourne is experiencing some of the toughest restrictions in the world. place rules are there for all of us and now victoria has

the right to be out of sight all well and do something that no one else is allowed to do it you've got to follow these rules they're incredibly important. central to the strategy working drawing down movement driving down costs numbers and then getting to the other sort of the 2nd wife this is illegal people who don't wear their masks are getting arrested as are those who refuse to move along the mayor of melbourne revealed that 15 percent of businesses surveyed said they may never open again after this trick pony and lock down. and that's raising fears that hundreds of thousands of jobs could be lost here. all right let's get more on this from causton jess he is the chief economist at i n g a germany welcome to the program carson some drastic pictures there coming out of australia and there are those that say large herds of the german economy would not survive a 2nd block down because of the corona virus pandemic are those people right. i

mean i. hadn't read on the government reaction but if you just imagine that up to now the german government has already used 3035 percent of german g.d.p. to cushion the fall of the economic measures it is hard to see that they could put the same amount on the table. so infections are on the rise not only in germany but also here what would be the best way to deal with these rising infections from an economist's point of view. this is from the heart really could be that the 2nd quarter g.d.p. data we now have an idea of off what the economic cost of a month of a fool dakar are and we saw that you know in germany it cost 10 percent of g.d.p. the longer the lockdown last with the more severe the economic impact is so what we should see here is 1st start liking australia backwards c.s.k.

all the party in jerry go for the local law guns did not come up with a nationwide lockdown if not necessary in the other the other and that would be prevention really go for for medical prevention social distancing face masks and just to void really the full flash the 2nd wave of the lockdown measures so these regional measures they ought to be very stringent then the home exactly exactly you know be good regional dude local but be extremely strict suggest to avoid it is spreading out of these regional centers of the regional hospitals you mentioned the toll that the pandemic has had on the economy so far which economic sectors need to worry most about a 2nd wave. now obviously this is the sectors which were he'd already now the most which it would be which is that the service industry which is retail stores restaurants hotels are the bills are the ones actually which kirby are have only

returned to 5060 percent of their pre-crisis levels while the rest of the economies in most countries has already returned to 80 or 90 percent of the equal work to go for a 2nd wave of luck on measures small businesses retailers hackers hotels restaurants they would all suffer immensely and even if there were government measures to bridge any any lack of demand again the question will be whether the company should continue doing business or whether paying back these loans would simply be too much of a burger carson bravely german business expect pandemic rated restrictions to be in place for another 8 months at least according to a survey by the e 4 institute what sort of long term impact do you see that this pandemic will have caused. on the disservice artist nationals of a very good as as soon as we have exceeded all these experts asians will change as

well what one of the structural changes that they want is a rethinking of global supply chains another one is really a structural increase in online activities and the 3rd one is also for workplaces for offices rethinking on how to to restructure your workplace i think we will have more working from home go even beyond this process and this could in turn also lead to a complete it's a reversal of this trend of urbanization that we have seen over the last couple of years because i'm just the chief economist at i n g germany thank you for time this morning for. now in lebanon the beirut stock exchange is reopening after a turbulent week tuesday's catastrophic explosion in the ports of beirut devastated vast areas of the city many people blamed on years of official corruption and incompetence and took to the streets in anti-government protests that quickly

turned violent. cannot business our financial correspondent in frankfurt conrad is reopening the beirut exchange a good idea and how is the situation in lebanon impacting financial markets in western europe. well chris in terms of money flows western europe has been benefiting from the growing instability in lebanon in recent weeks and months you know citizens and that among corporations have been desperately trying to get money out of the country and of course both as a banks in europe european assets are considered to be safe haven for them but of course this is nothing to be passed to kill or be happy about many people here in germany politicians of course people in the financial world are wondering what happens if the lebanese state should really fail are we facing new waves of refugees maybe and in this environment of course it's considered to be a piece of positive news that the stock exchange in beirut the financial markets

there are reopening again it is considered a sign that lebanon tries to keep things functioning conrad last week's strong export and industrial production figures from germany as well as a strong in trees and factory orders gave the german stock market a push how is trading started this week. a bit shaky i have to say on the one hand we have the american president providing short term support for american households this is somewhat pushing sentiment a little bit here in europe as well on the other hand you just talked to a suggest the the economist the outlook here for europe in terms of economy has become more uncertain again and it's also reported that the unions are demanding an extension of the furlough scheme the german government is considering an extension of insolvency exceptions all this indicates that those emergency measures

are likely to stay for a while cannot do so in frankfurt thank you. it's to china now and small vending stalls have long been associated with the country's retail sector but the government has banned them in many places saying they under represent china's economic sway but as large parts of the population struggle to earn a decent wage leaders have now suggested that setting up their own booths could help people prop up their income our correspondent reports from chengdu in western china . sheeple night market is located at an hour's drive from china to city center. it is one of the places in the western chinese metropolis where vendors can set up stalls without any special permission when one has just recently stopped at a manicure business you know you need to get here early otherwise all the spots are occupied. with the economy slumping and unemployment on the rise the government is

encouraging people to engage in smaller trade grin used to work in the h.r. department of a big company. not. the epidemic has changed the job market. those companies who survived are treating employees differently they don't care about their employees because they think you won't dare to leave i quit because they made me work a lot of overtime i'm exhausted and. until recently this was how china want to do its retail industry to look like a real estate boom in a city neighborhoods torn down and replaced with shopping centers many of them catering to the luxury segment markets and street stores were driven out of the city up to today vendors who set up their stores and to move to city center face hefty fines but some take the risk this man who does not want to reveal his name used to work on the city's construction site this. is no way to find employment

right now i'm getting too old for these jobs. so i set up the stall i people like him are called area vendors in china they show up in popular places and quickly leave when officers approach with few other perspectives he invested his savings into an old movie i stress and say you thought you were saying oh my business is not really good it's just enough to survive and pay my rent i have to make a living somehow only out there with the money i. he spite encouragement from the central government cities a hesitating to allow them back to vittie is often limited to the old school after quitting the office job one was looking forward to being her own boss but quickly had to learn that you really want freedom has its limits too. there are days when business is bad and you just don't feel like coming back the next day but if you do

that you'll lose many customers there are rules in this business and one is that you have to be there consistently if your customers know you will be here and they will come if you're here one day and the next day you're not it won't work well. the wrong time of fishes and citizens source treats stores as a remnant of the past but for one does not have plans for the near future. and that's our show as usual you can find more on our web site a d w dot com slash business live thanks for watching have a self and successful day for.

climate change. customer service. to. the future. dot com. click.

on meal time to complete the 2nd season of on the fence. the planet on the brink of disaster. experts about one question. change. decades now israelis and palestinians have been locked in an ongoing dispute over a few 1000 square kilometers supplant the west bank sandwiched in between israel and jordan ever more jewish settlers are moving here some of them from germany like . she lives in a short. that's me i see no problem with our living here and it's a matter of how we live. by a tolerance or settler and to many palestinians the provocation. the hard part she

claims direct contact is the only real path to peace. high a town was born in some petersburg in 1991 and grow up in cologne at age 19 she emigrated to israel she's been living in a jewish settlement in the west bank since 2014 the couple this is and what is it the slum they saw the chain symbolizes the country of israel and i'm not a political person and a religious person for one thing or another but i've called my principles the fund one is that the land should be unified for everyone who lives on it. higher lives in this converted container and the alone should put settlement just over 20 kilometers south of jerusalem the united nations and the european union both regard the jewish.