tv Business - News Deutsche Welle August 17, 2020 6:15pm-6:31pm CEST
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well that there will always be enough ingredients for the soup. you're watching t w news coming up next indeed on the business with christoph cope work u.s. drugmaker novak's starts amid states trial of its coded 19 vaccine in south africa just as that country's experience of going to a winter search in your case. all that more coming up with chris of cover. we know that this is gary time for the coronavirus is changing the world changing our lives so please take care of yourself keep your distance wash your hands if you can stay at how we do w.
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for here for you we are working tirelessly to keep you informed on all of our platforms and we're all in this together on together making sure you. stay safe everybody. stay safe stay safe please stay safe. high hopes for an experimental coronavirus vaccine u.s. developer novak's launches a trial of its vaccine in south africa just as the country sees a surge in new cases also coming up we take you to sway to where the coronavirus crisis has created a tick driven business and african leaders gather and gonna open the headquarters of a new free trade zone but they're still working out the details. and
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welcome to the program u.s. drug maker novak's is set to begin a mid stage clinical trial of a coronavirus vaccine and south africa study will be conducted on around $2600.00 volts the company's south africa was chosen because it was currently experiencing a winter surge in covert $1000.00 cases and would therefore provide early indications of seasonal efficacy in july the u.s. government awarded novak's $1600000000.00 to help produce a vaccine. as south africa strict code 19 locked on batters africa's most developed economy and the country's informal sector is driven to find new ways to survive and so way to one of south africa's biggest informal settlements a digital boom is underway. lunchtime in
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a cell where so usually macone is kitchen would be packed with hungry customers. but covert 19 has his her business hard. call on what you call the day of business the us so i wrote to affected our business because we had fewer customers visiting us so we started doing mobile phone deliveries to get more business. in march the shark restaurant partnered with white fox a mobile app that offers food deliveries in town ships something almost unheard of in south africa. the platform alleges businesses to reconnect with people who are still confined to their homes due to south africa's strict lockdown. there's a customer you basically can order whatever your local food is and we basically as white folks take you from the store to your doorstep. in a nearby neighborhood a carwash is also being forced to do things differently unable to accept drive
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through customers eco valid car wash now operates door to door we're using green technology to save time water and money. come about as it hit us hard wired to we have a solution for our customers we are now using what's on those chemicals which now we've gone straight to our customers where the we provide them more by car wash which is uses less electricity less water and it's also for and for our environment . up to now digital transformation has been a slow process in south africa only 56 percent of the population is online lack of internet access is especially prevalent in the informal sector which employs over 2 and a half 1000000 people. and while the coronavirus has caused a lot of hardship the crisis may actually provide opportunities for digital advancement especially in areas of the economy that have been previously left
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behind. these people have been able to use mobile telephony to start developing services of their own that can add a lot of value and actually enrich them to a far greater extent than has been the case in the past for some of this may mean not just surviving but thriving 0. it's never been so busy moving from one place of the next this is the growth of economists within the township. with the current digital boom being fueled by a crisis many are hoping the same a mentor who can be sustained in a post pandemic wild. from some time from an african leaders gathered in ghana today to mark the opening of the headquarters for what could be the world's largest free trade zone the african continent free trade area agreement was supposed to go into effect last month but negotiations stalled because of the
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coronavirus demick the launch of tariff free trade in the $3.00 trillion dollar economic bloc full of millions of people out of poverty the agreement is now expected to go into effect early next year. well for let's cross over to g.w. correspondent isaak an arguer isaak how meaningful is the opening of this building today. so it means that africa is really serious about and showing that this free trade area becomes operational next year and so having this facility. organized. stuff coming in and. sharing that they're free trade area becomes a personalize next year so this is very significant for the aim of ensuring that their free trade agreement becomes
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a reality so this free trade deal which is supposed to come into effect early next year is likely to herald a new era of prosperity for african nations that. yes that is a vision that is the the aim of everyone in africa that's looking at the challenges many economies in africa fees this should be able to push us into a new era in terms of economic boom and of course. africa will have to begin to trade among itself and should i destroy this is very important and this petition is that this should africa into the next area of economic prosperity i think there are already challenges with sub regional trade deals like that of the economic community of west african states so how difficult could it be for the new free trade deal should it become active so this is
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a reality on the ground that there are challenges and this free trade area will face challenges because of how the suffrage not blocks of high challenges retreating for example. for example traders in ghana and nigeria having clashing trade and the officials of the africa retreat a continent a free treat i agree that there are challenges that we are going to face because of the. regional blogs and we are willing to ensure that. read this yearly horace bond and isaac collette c.n.r. grow thank you for your reporting. and we apologize for the quality of the line there now to some of the other global business stories making headlines irish low cost carrier ryanair is planning to cut 20 percent of flights in september and october after several european countries reimpose corona why virus quarantine rules for arrivals most of the cuts will focus on spain france sweden and ireland the
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airline is seeing weaker than expected demand because of travel restrictions the german economy is said to rebound from the recession caused by the coven 1000 pandemic with a robust growth of december that's according to the country's central bank the bundesbank it says deep broadly based recovery that began shortly after the low point in april is likely to continue in the 3rd quarter. the united states has announced it will further restrict ways access to chips bills with u.s. technology it's the latest blow for the chinese tech company whose equipment is being blacklisted by governments around the world and the fear is it could be used by the chinese government for. its japan now and the country's economy shrank by almost 28 percent in the 2nd quarter that is the worst contraction on record and was hardly low in the club fellow big economies like the united states britain and germany registered crippling declines as well but the pan
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struggle is unfolding amid conditions that were already difficult. like gloom has descended on japan even before the corona virus hit the world started largest economy was stuttering along now with all the damages of a record breaking magnitude and many here are concerned about the road ahead. to move. me and i think the situation is very difficult we have to keep the economy moving but when i see the virus infection spreading i know we have to slow down a bit i don't know exactly what it is we should slow down i'm worried. strictly speaking that is this man's job the economy minister says to shop for was expected after forcing businesses to shut you know. we will continue to make the most effort to get the economy growing again after it bottomed out in april and may . analysts blame the collapse on plummeting private consumption and
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a fall in global demand for exports like cars. walk past restaurants in the u.k. and you'll likely see diners out enjoying discounted food it's all thanks to a government subsidized program called eat out to help out designs to revitalize britain's restaurant sector for many brits is too good a deal to pass up but others are finding the scheme hard to swallow. seafood says those in the kitchen it's lunchtime in child bella. job it's a whole day mobile. people go to somebody's got to know it's a bit like health things were before the pandemic here in london plates full of italian classics sit in front of plenty of diners the difference now it's all for half price but it's not the restaurant serving up the bargain it's the british government prime minister boris johnson and his finance minister who she soon to be
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different parts cannot stay within your tea time out here but still and anything we can taste is a poll like the brits are indeed eating and drinking courtesy of the government mondays through wednesdays for the whole month of august up to about 11 eurostar person that includes drinks but not alcoholic ones the goal full restaurants. coffee. he was a big key park in fact so good discount i strongly believe. the book this is monday. this is true. this is a wednesday. and you can see now face close to the city 50 percent off where ever food can be found to help out the struggling restaurant sector and stimulate the economy the government does shelling out a half a 1000000000 euros for the scheme but critics worry that spending time in restaurants is not without its risks and doctors like jenny vonn say it's downright
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dangerous. personally i haven't done it to help simply because i am worried about a 2nd wave and senior doctors have a base basically been warning about it i think it's wrong to encourage people where you know they could be in a very tolerant enclosed spaces and they can't observe social distancing and they won't necessarily be wearing masks criticism notwithstanding child bell is already fully booked for the evening that's not usually the case then again the government doesn't normally foot half the bill. and that's social thanks for watching.
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a joke join me to meet the german fun beat up your. post. is on its way to bring you more conservation. how do we make see the screen how can we protect our tenants we can make a difference glowing genius sperm into a series of little some awesome d.w. gone mind. this is deja news a show coming up today voices of protest growing louder in thailand. for. testers gather in the capital bangkok demanding new elections and a reform of the monarchy but there's also those who don't want any changes plus. in india the number of total deaths from the coronavirus forces $50000.00 but the government says the mortality rate is still low and it has the situation in hand.
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