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tv   Business - News  Deutsche Welle  August 22, 2020 1:30am-1:46am CEST

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3 campers checked by pros. read. in 60 minutes on t w. what secrets lie behind the walls. discover new adventures in 360 degree. and explore fascinating world heritage sites. e.w. world heritage 360 get the map now. 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 trouble. meanwhile india's economic boom was expected to last more than 500000000 people into the middle class for the next decade but the pandemic put an end to.
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this is he doing business on robots in berlin 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 of trade wars on the coronavirus she is still undecided. i need the democrats to step up.
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and when they're like 0 7 why don't people vote for sure you're not offering them anything useful i mean all of our farms are going bankrupt because we cannot compete in this increasingly come holiday to the 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 right 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 holds true for this festival organizer who voted for barack obama in 2012. and i feel as if. 100 percent something dramatic happens because he has
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a record now we it's proven what he's done seems good but there are many who see the president failure to take the pun demick seriously has exacerbated the crisis i feel that 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 faces its toughest turnaround since the great depression and the disconnect between wall street and main street she was whiter than ever. let's bring in our reporter chelsea delaney on this i know he saw in that report there are differing views on president trump's performance on the economy want us the data today show well this is a really difficult question because president trumpet obviously like to be judged on the kray pandemic economy his critics would say that he's made the economy worse there has this mismanagement of the crown a virus crisis but what the data shows is that the u.s. economy was doing quite well before the panda. unemployment was at
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a 50 year low wages were rising and that obviously has all changed tremendously now 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 the pendant is that we've seen income inequality really wide and in the u.s. to even his triumph the corporate tax rate cut the 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 start 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
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electricity sector remaking a lot of buildings to make them more energy efficient does have a plan to also a deal to the more progressive side of the democratic party but all of this obviously will also depend on what happens with congressional races in every campaign is obviously filled with promises whether they're actually able to follow through that is going to depend in part on congress the whole world is watching this presidential race not least for us is trading what do we 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 you 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 thrown around but he also is likely to have a more multilateral approach so things like you know appealing more to america's
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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 all 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 hit he lost his job and returned home to a small rural village in northern india in june. now he spends his days in this
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muddy courtyard with his friends he worries about how ever find another job. to leave because 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. 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 via the numbers 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. institute.
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without. a. win for. everything. india is now battling a new wave of coronavirus cases it's reported nearly 3000000 infections with new daily record stuck 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 with goods including prepared meals and crystal glassware. thank us president. has announced a large natural gas discovery off the black sea coast he says it holds reserves of
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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 carrier ryanair plans to cut far fewer jobs than the $3000.00 originally planned because of the shop talk 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 their 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. place so many of us
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are working from home and are stuck 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 working in the track people or people are social distancing where ma'am right 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 were worried that you know what did he know what the weather being so nice and not you know because if we 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
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beatles their 1st break is facing an uncertain future like many venues around the world the cavern club in liverpool had to close its doors in march because of coronavirus since then it's been incurring losses of any $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 they said this. money can't buy you love but it can keep your club open that's all from me in the business team here in berlin have a great weekend. what's
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going on here. house of your very own from a printer. computer games that are here. my dog needs electricity. experience delivers facts and choose what the future holds for.
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living in the. digital world shift. on d w. w's crime fighters are back africa's most successful radio drama series continues this season the stories focus on hate speech color of prevention and sustainable charcoal production. all of a sow's are available online and of course you can share and discuss on africa's facebook page and other social media platforms for. crime fighters to mindanao. beethoven to justice to do did he do. it is it is about his 16 blunt truth rock n roll. many rock bands of stolen beethoven. of course the
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subconscious always one thing is clear but then beethoven isn't wildly popular. i see assured. the bill will sound like the biggest composer of all time i constantly begin to imagine a world class one player singer will exist on a musical journey of discovery. 2 world without a. star september 16th digital you. asked. how much should scientists play god that's the big question in the new netflix thriller bio hackers that's coming right up on arts and culture and also on the show disney's new animal adventure the one and only eye then goes straight to streaming. the target for dino wasin takes pictures of working people she calls
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the displaced kings and queens of the african diaspora and. musical around the world by renowned violinist. yes really. welcome to arts and culture genetic engineering sounds scary right so what about biohacking still scary but definitely sexy bio hackers is the new series out this week on netflix about ambitious science students with the power to reshape life netflix is hoping to cash in on a growing appetite for german series after the global success of its other creepy german show dark. what about. the new netflix series that explores that experiment.

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