tv Business - News Deutsche Welle August 21, 2020 11:15pm-11:30pm CEST
11:15 pm
for the opposition leader i'm not saying nothing to leave just to germany for medical treatment he's currently in a coma in the city to take him to the airport in a few hours. to cheer up so they say i will have more world news minutes at the top of the hour was his will to do business update in just a touch of the day. to day don't miss our highlights. program online w dot com highlights. you know that 77 percent. are younger than 65. that's me and me and. you know what time of course is 100. 77 percent.
11:16 pm
off my. front porch the flash from housing boom boom town this is where. the 77 percent. this weekend g.w. . a plan based on jobs dignity and respect the official democratic nominee for the u.s. presidency joe biden says he's ready to rescue the nation's economy if he stopped. meanwhile india's economic boom was expected to last more than 500000000 people into the middle class for the next decade but the. but.
11:17 pm
it's great to have you with us democratic candidate joe biden has pledged to get the coronavirus crisis under control and rebuild a u.s. economy in tatters that's only if he's elected president one county in wisconsin has backed every winning presidential candidate since 1964 so do they think biden is the man for the job. they were punching the air on wall street this week after the s. and p. 500 reached an all time high the economic rule acosta right left corporate america feeling bullish. but across the country in wisconsin many are scratching their heads like dairy farmer ciro lloyd she says that despite the damage or trade wars on the coronavirus she is still undecided. i need the democrats to step up.
11:18 pm
and when they are like 0 7 i don't know people vote for her you're not offering them anything useful i mean all of our farms are going bankrupt because we cannot compete emits increasingly some solid data of economy and they're not offering us anything to do to fix that but. finding solutions in an increasingly divided america is the challenge of this election 12000000 people are out of work the economy took a historic plunge in the last quarter 19 has brought the country to its knees yet donald trump's appeal still who voted for the space divil organizer who voted for barack obama in 2012. and i feel as if ovo donald trump 100 percent or something dramatic happens because he has a record now we it's proven what he's done. seems good but there are many who see
11:19 pm
the president to take the pun demick seriously has exacerbated the crisis i feel the stakes are too high i feel that donald trump has been a worse president than i could have imagined. the world's biggest economy species its toughest tunnel road since the great depression and the disconnect between wall street and main street she was what you do than ever. let's bring in our reporter chelsea delaney almost on as we saw in that report there are differing views on president trump's performance on the economy what does the data actually show well this is a really difficult question because president trumpet obviously like to be judged on the prepared to make economy his critics would say that he's made the economy worse through his this mismanagement of the crown of ira's crisis but what the data shows is that the u.s. economy was doing quite well before the pandemic unemployment was at a 50 year low wages were rising and that obviously has all changed tremendously now
11:20 pm
due to the pandemic millions of people are out of work millions of people are facing eviction but what's true throughout his presidency and also through that is that we've seen income inequality really widen in the u.s. and even in his trial the corporate tax rate cut the booming u.s. stock market those really point to differing winners and we were losers in the united states you know the picture is quite bleak looking now certainly compared with the starts of the year joe biden says he's going to fix that what do we know about how he's going to do that he's put out 2 really big plans the 1st he's called by american and that's really a play on donald trump's america 1st policy this is his plan to remake manufacturing in the united states the other part is this 2 trillion dollar climate investment package that he's proposed that would include things like greening the electricity sector we making a lot of. buildings to make them more energy efficient so he does have
11:21 pm
a plan to also a peel to the more progressive side of the democratic party but all of this obviously will also depend on what happens with congressional races and every campaign is obviously filled with promises whether they're actually able to follow through about it's going to depend a part on congress the whole world is watching this presidential race not least the u.s. is trading paul what do you know about biden's position on trade so we do know that he is also very critical of china so we might not actually see much of a difference in the approach there he also has said that china has been very unfair in their trade practices that they steal u.s. technology so we may continue to see a bit of a hardline approach on that but he likely will be more diplomatic in the approach you may not see the same sort of tweets and things like that being thrown around but he also is likely to have a more multilateral approach so things like. you know appealing more to america's
11:22 pm
allies like the e.u. or its partners and asia to really form a force that would be able to negotiate better with china so maybe not a huge change in the way that they approach china but certainly a more diplomatic approach certainly seems like the 2 options are very different chelsea delaney thanks a lot for bringing us up to date now india's record economic slump has dealt a crushing blow to young indians who were on their way to joining the country's growing middle class now many are struggling just to get by and risk falling back into poverty. ashish kumar was on his way to joining india's booming middle class he planned to launch his own business with the money he earned working in a box factory in western india then the coronavirus he lost his job and returned home to a small rural village in northern india in june. now he spends his days in this
11:23 pm
muddy courtyard with his friends he worries about how ever find another job. so the news of the dream that i want to realize by 2023 has now been pushed back by 4 or 5 years as of now i can't do anything for the next 4 to 5 years with the. countless young educated indians like kumar have seen their futures attended by the virus even before the outbreak one in 3 skilled young people were unemployed and and. the number surely higher now that the indian economy is headed for a record contraction this year millions of indians are at risk of slipping back into poverty. in the. bill but. without the. interests of the
11:24 pm
poor. in. everything. india is now battling a new wave of corona virus cases it's reported nearly 3000000 infections with a new daily record set this week. the viruses are surgeons means any economic recovery will be long and slow. and so too will kumar's path to middle class prosperity now some of the other global business stories making news. the united states and the european union have struck a modest trade deal to qatar some almost $300000000.00 worth of goods the would drop import taxes on u.s. lobsters for the next 5 years and reserve washington has agreed to cut duties on $160000000.00 worth of goods including prepared meals and crystal glassware. president. has announced a large natural gas discovery of the black sea coast he says it holds reserves of
11:25 pm
320000000000 cubic meter meters which will help ease the country's dependence on imports industry analysts there say the discovery is significant but not a game changer. and irish budget kalya ryanair plans to cut far fewer jobs than the $3000.00 originally planned because of the shop drop in the now and that's after a 90 percent of cabin crew and pilots agree to pay cuts of up to 20 percent in changes to working conditions yeah line says it hasn't finalized the number of layoffs yet. how the coronavirus pandemic has meant a lot of businesses have had to adapt one of the ways to do that has been to seek out new markets well our next report shows that can be a lot easier when your business is on wheels. this food truck recently began setting up shop in the seattle suburb of lynwood local resident julie schwab is picking up a bubble tea she's organized this gathering of mobile eateries. for so many of us
11:26 pm
are working from home and her dog at home and there's just this point where it feels isolating and you look at what's happening with everybody coming out and people are getting to know each other people are supporting attractive people or people are social distancing where ma'am they hide in their neighborhood to get to know people. the food truck usually parked outside of office buildings but few people are going to their offices know julie schwab's idea to bring food trucks to her neighborhood has given dreamy drinks a lifeline. we're worried that you know what did he know what the letter beans are nicely not you know good if he were it would be able to make the money that we made last summer but actually we've been doing pretty good. for some it's a place to get a cold drink or a change of scenery when working from home for others it means a steady stream of customers again the pandemic has changed many things but it has also brought this suburb together. finally the club credited with giving the
11:27 pm
beatles their 1st break is facing an uncertain future like many venues around the world the cavern club in liverpool have to close its doors in march because of coronavirus since then it's been incurring losses of many $30000.00 pounds around $40000.00 per week despite a hard day's night the company's management is optimistic it was survive though has reportedly set to reopen for virtual concepts later this month. money can't buy you love but it can keep your club open and so for me in the business team here in berlin a great recounting. to
11:28 pm
the point. clear position international perspectives. huge protests in belarus and growing calls for the country's authoritarian president alexander lukashenko to step does go what impact will that have on laboring brush a new tool for each area leader vladimir putin point out to the pool. to the point
11:29 pm
of. the insistence of the t w. william had a big gun because on his one lions if i had known that the boat would be small i never would have gone on the trip but i would not have put myself and my parents. bought of the theme of the going to be the sleeper would. love one funky bit but that one little bit of the give them i had serious problems on a personal level and i was unable to live there unless i'm going to. want to know their story in full migrants to verify to get reliable information for margaret's. carefully. don't. choose to do good.
11:30 pm
discover. subscribe to the documentary on. business do you have the news africa coming up on the program today pulls schools to reopen in africa that calls rooms remain empty in most countries on the continent while health officials say the prolonged closures off schools is harmful to students. and corruption in south africa is so rise so rampant we'll see how it's even dropping.
22 Views
Uploaded by TV Archive on
![](http://athena.archive.org/0.gif?kind=track_js&track_js_case=control&cache_bust=866848343)