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tv   Business - News  Deutsche Welle  August 12, 2020 1:30am-1:45am CEST

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some people go for information. they do want to express. your facebook or twitter. touch. it's a construction project up to become geo political conflict the united states imposes sanctions against the north stream to pipeline calling into question the future of russia's energy supply to europe leaving a small german port town on the search about its future. also coming up russia has it's got a coded 19 vaccine that scientists around the world voiced concerns box how the markets react to. this is t
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w business i'm take ferguson welcome to the show ever since its inception the north stream to pipeline has put a strain on top is the tween the united states and germany the projects now on the brink of completion of runs parallel to the existing north stream one pipeline between russia and germany stretching a total of 1200 kilometers across the baltic sea it will enable russia to supply god to $22000000.00 households in europe. washington has long been a critic of the plan arguing that the pipeline makes europe a dangerously dependent on russian energy in an effort to hold the project u.s. lawmakers have imposed sanctions on companies involved in the project and move the european commission says violates international law all that has left the german seaside 10 of them that on the front lines of the stuff. this ferry from the danish island of bornholm could soon be stalled by u.s.
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sanctions the ship is destined for muck around port and therefore has business ties with the port authority port on the island of reuben is a pivotal importance in the construction of the nord stream to pipeline 2 special russian ships are docked here once they have been equipped they're supposed to live the final 160 kilometers of pipeline but if u.s. senators have their way the harbor management all business associates and even local authorities would be affected by the sanctions gas market expert heiko loman feels this signals that the americans are again taking drastic measures against the project. you know going to inciting for in the all the see why can't the new sanctions especially show that the american side is looking at this very closely and is willing to impose an obstacle with every move of the project enterprise or the russian side off so i believe the sanctions have the potential to at least spolin the project for
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a very long time that was the internet site so if its. neighboring poland also wants to hinder nord stream to it runs its own l.n.g. terminal on its baltic coast and plans to receive liquefied natural gas from qatar or norway. warsaw fears that russia will further expand its power with north stream to ultimately use it as a political weapon and economic leverage against the e.u. the us and poland together are pressuring germany to halt the project. like poland and the baltic countries are fundamentally opposed to the north stream to project as it endangers energy security in central europe we hope that the u.s. sanctions will hall of the project and that germany will return to european energy solidarity nord stream to damages european energy solidarity notion that.
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the new sanctions could have severe economic consequences from a crime port for example if international insurers refuse to insure incoming ships . earlier i folk to be of washington correspondent in a pool i began by asking her whether the pipeline would ever be completed. well kate i obviously don't have a crystal ball it's hard to say but i think what we can say at this moment if the sanctions hold it will be very likely that the pipeline is in deep trouble we already hear companies who are highly invested in building the company asking so if this is not going to happen if this is not going to be finished toupees us. critics say this is justified if the u.s. wanting to maintain its supply of liquid fight not to europe is there any substance to the us. it is interesting you know this is one of the rare subjects where both parties the republicans and the democrats agree so that is telling isn't it
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sure the united states has a deep interest in selling their own natural gas they see russia as a huge competitor so it is mainly like american interests which force these sanctions. and share many i mean you don't appear to be willing to back down on this do you think that retaliation to u.s. sanctions. well. from what we hear from experts so you're open germany they doand one just to accept all they're not going just to accept these sanctions so they will bring that to the w t o and from what we hear it is very likely that they say these sanctions are not legal and if we can just take a step ah why is this project so important. well
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you know we always have to keep in mind it was. because previous sesar who started this whole process so it's going on since many many years germany's highly invested spent a lot of money and i think this is one reason why they just don't want to back back because they say hey this is a project we spend so much time and money and energy on the other thing is really it will get cheaper for germany and europe to get gas through this pile. because they don't have to pay fees to ukraine what they do have to do now in a full life so much they are in flight. back in january the attention of the world was on the chinese city of will hand where a mystery virus was killing thousands of people and asleep in the locked and it was bringing life to a standstill 7 months later it's the other way around the covert 19 pandemic of causing chaos and suffering around the world while the place they were at all
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started edges ever closer to normality. hard to believe perhaps but this is. the city where the pandemic that changed the world started is dancing again and elec tronic music festival like this was on imaginable earlier in 2020 when the city was completely locked down to contain the novel coronavirus outbreak but with new infections almost unheard of life is getting back to normal queues for breakfast motorways jammed with cars and busy streets it's a world away from the dystopian scenes months ago. no one can be sure how bad things really were here the state's official narrative is heavily disputed but their version of history is written there are already covered 1000 exhibitions where hazmat suits signed by emergency workers are on display. while the city is certainly alive again business has taken
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a hit street vendors have not yet seen the same level of activity as before. things aren't where i would like them to be but they are improving going business restarted i was selling just 200 to 401 a day but now it's above 1000. other sectors such as real estate have also been slow to return to preplan demick levels . just got off the market performance is still relatively conservative in the 1st half of the year we returned to some projects that we were already working on before the. brick. in the 2nd half of the year controlling the pandemic still needs to be considered and so the business volume has been reduced. the people of this city went through a trauma together but the scenes here today suggest a better time could be coming for the rest of the world however far away that might
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seem right now. russian president vladimir putin says his country has become the 1st to register a coronavirus vaccine he described the job a safe and said it had been given to one of his daughters. the nation will start in october beginning with doctors and teachers but the vaccine will be rolled out after less than 2 months of human testing that has experts warning that may be pushing national prestige ahead of public safety. so scientists are sounding the alarm but how is the news being received by investors let's bring in our business correspondent yes quarter in new york yes are the markets specially on this vaccine being success. it was a bit of a bizarre reaction here on wall street because the one side you had a lot of experts and a lot of people doubting and being skeptical about this sort of a scene from russia but then on the other side if you look at u.s. companies also the developing of a c.
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and you actually did see quite a reaction so there is obviously some fear that the russian scene might be working and that could be bad news for the u.s. the pharmaceutical and biotechnology companies because if you look at the stock for example from nova vexedly losing more than 60 percent in 16 percent in value or down by a good 4 percent johnson and johnson pfizer. all those companies are trading lower but if you look at the broader market there was not this because of the c.n.n. chile we did trade lower here on tuesday but that was mainly due to some big tech names who got under some selling pressure here on tuesday. is quite a new york bank of ever now leaders from major u.s. companies including j.p.
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morgan chase amazon google have formed a group they say is aimed at hiring more people from minority communities in new york new york city mayor bill de blasio and next that i breath and push at a news briefing on tuesday the so-called new york jobs. to hire 100000 people in low income black latino and asian communities by 2030. and up fully have time for a few more to check out our website at www dot com with us from maine the team is good by and i can't.
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believe. i'm not laughing at the germans well i guess sometimes i am but mostly i'm laughing with you the german thinks deep into the german culture. take those grandma day oh here you go it's all out there no i'm rachel join me to meet the german buddies of course. germany which. any time i must latest. news video. you have the
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back of the. songs to sing along to download to those to come to you from super. to. have varied courses clips into active exercises are available and d.-w. dot com slashdot internet and on facebook and am still. be. jemma info for a. beethoven is for me. is for. beethoven is for. beethoven is for. beethoven is for embryonic. beethoven 2020. 5th anniversary here on d w. i'm
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david and this is a climate change. happiness increase book. for you. to get smarter for free. for you to. welcome to news from the world of. hollywood has never experienced a crisis like this what is happening that we'll find out also coming up. a top photographer in johannesburg is auctioning his latest photos online to help people suffering too much of the corona damage. hollywood has never known anything like it production has been shut down for months
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there are no signs of major studios opening up again at least not around los angeles we all await the release of movies already finished like the laces james bond one that's just a matter of time but with very little in production the industry is in the biggest crisis it has ever faced film expert scott rock's from joins me after this. this is the closest deal gets in has been to action in a while caning the cattle on his ranch north of los angeles gibson has been a stunt man in hollywood for 35 years but coronavirus means there is barely any filming anymore so great is the risk of onset infections bringing expensive productions to a halt. i haven't been on a movie. i don't know 56 months now it's been terrible all my friends are now what is working so we're very lucky to have this ranch and have a loop.

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