cooperate leaving relations between belin and moscow i ling even as alexina valmy recount as you're watching the news from berlin up next business news with 8 ferguson stick around she'll be right back to. literature invites us to see people in particular. like to see as fine. right sector. workers. to do the books on youtube. how does a virus spread. through the. show it's called spectrum if you would like any

information on the clone of virus or any other science topic you should really check out our podcast you can get it wherever you go your pod cast can also find us at. science. last sunday what you're finding. presents a plan to make it cheaper vehicles but is hardly anticipated announcement failed to impress investors our correspondent. also coming up the head of the international labor organization warns. the situation as the pandemic shapes more than 10 percent of all mobile wages. will everything really be all right. in the spanish capital madrid extend restrictions on movement

businesses are finding themselves paralyzed. this is business thanks for joining me tesla c.e.o. a lofty goal to make electric cars a cheap enough to compete with their diesel playing equivalents but as eagerly awaited the explanation of how he's planning to do just that how so far failed to impress investors. 16 battery day had tesla shareholders and employees attended the event inside their flagship products social distancing tesla style c.e.o. elon musk had kicked expectations into overdrive by promising insane news but the announcement of a new longer lasting batteries produced in house failed to ignite nor did assurances tesla was getting closer to deliver on a long awaited promise better really it was always our goal to try to make it affordable electric car and i think probably like that about about 3 years from now

we're confident we can make a very calm break compelling $25000.00 electric vehicle that's also fully autonomous at the moment the cheapest tesla comes around $45000.00 euros a hefty price tag in the face of competitor headwind like from germany's felix fucking putting the pedal to the metal with its investment in. their eagle the id 3 sticker price is already under $40000.00 euros upping the pressure on tesla to deliver. let's talk more about this with our business correspondent yes quite to in new york yes investors aren't exactly electrified by these clowns and they're clearly not i mean the stock has been on fire especially earlier on this year and still it basically more than quadrupled since the beginning of the here but now the stock here on wednesday it dropped by a good 10 percent overall wall street likes the idea of cheaper cars was talking

about that you need to develop new cheaper better reason maybe even better research would not need cobalt anymore so all of that sounds pretty promising but the problem is the timeline it could take 2 or 3 years before this idea might get realized and so it's a timeline that wall street really reacted quite negatively to. now we've also had another announcement from tesla best week the company is suing the u.s. government what's that all of it. well yes tesla is filing a suit against the u.s. government and trade representative robert of light ties or it's about to 2 terrorists or a couple of terrorists that got implemented in 201829004 billions of dollars and that old saw him pick parts that test the needs from china tesla saying those parts are actually the brain for the tesla computer i'm standing by the way

here in front of the tesla store in manhattan so tesla ones 1st of all that those tariffs should be avoided and then 2nd they also want to get reimbursed for the tariffs they've already paid so far. interest so realistic that is that test is going to change the mind of the u.s. administration remains to be seen but one thing also want to point to dollars was the better a day is that the profitability of chest is not necessarily crazy so they need the money they need to save money and sold this might be $1.00 reason or one try to bring costs down. and quite a at the tesla store in manhattan thanks so much now to some of the other global business stories making news. nike is taking a victory lap after its stock surged 9.7 percent in weapons during trading the

sportswear giant says they've rise in online shopping help to offset falling sales in brick and mortar stores. u.s. banking giant j.p. morgan chase is set to move $230000000000.00 in assets to germany as it shifts its european business out of the united kingdom it's hoping to complete the move before the breck the transition period expires at the end of this year. u.s. president donald trump has announced new restrictions on cuba american travelers will no longer be allowed to stay at properties owned by the cuban government nor will they be permitted to import cuban cigars or liquor it's the latest move in a series of attempts to cripple the country's economy. consumer sentiment has stabilized in germany with a growing perception that the country is on the road to recovery one major factor

is the increase in the number of people returning to work after a government support scheme kept them on the books at the height of the crisis. the international labor organization says job losses and reduced hours have led to a more than 10 percent drop in global income in the 1st 3 quarters of this year that's the equivalent of 3 and a half trillion dollars while the pun demick has affected nearly everyone as our next report shows its workers in the informal sector that have been especially hard hit more and more families have been arriving in sao paulo's newfound bringing everything they own gilmer gonsalves charges is building a temporary shanty for his family prior to the coronavirus pandemic he worked as a daily in construction. the downward spiral began when he stopped receiving job offers. your problem our landlord wouldn't let us pay the rent later and

because we couldn't pay on time he kicked us out then we found out that a lot of people who are going through the same thing we're building shanties here so now we're moving in. the international labor organization estimates that in the 2nd quarter of 202017.3 percent of working hours were lost worldwide due to the coronavirus measures including the closure of construction sites factories and offices in terms of employment that means a total of 495000000 jobs have been lost. government measures including stimulus packages and short time work allowance have somewhat mitigated the financial consequences but the ilo says it's mainly developed countries that can afford this emerging economies have limited possibilities the results are poverty and desperation. earlier we spoke to guy ryder the director general of the international labor organization and we asked him which regions of the world have

been worst affected by wage fossils. well the numbers show very very clearly that it is the americas and particularly south and central america which is suffering the worst both in terms of job destruction and loss of income which you highlighted so very well in your introduction and this again is linked very closely to the fact that the pandemic has taken hold so firmly in that region the 2 things go together well as the high income countries have thrown enormous amounts of resources quite rightly i would say at mitigating the social economic crisis lower middle lower middle income countries simply cannot do that and that's why we see the types of dramatic situations informal sector workers who have no choice but to go to work in dangerous circumstances so i think we do need to look at ways of getting more support to the developing world that could be through the international financial institutions it could be through debt relief it could be through development

assistance but we have to do it in not only as an act of solidarity but as an act of self interest because anybody in any country who thinks that they're going to be safe from this and emic whilst it is raging on in other parts of the world i think is making a big mistake and staying with a pandemic here in europe rising infection numbers have prompted fears that further lockdowns could be on the cards in the spanish capital madrid authorities have imposed restrictions on movement in areas where rates of the disease are especially high the move is a blow for businesses which have been allowed to stay open but now find themselves with no customers to sarath. this banner says everything will be alright residents in a caravan shell district are supposed to stay at home now their quarter one of those that have been placed under partial lockdown following especially high number of new corona virus infections their people are only allowed to leave home if they

have to go to work. yet restaurants and shops are supposed to stay open a huge problem for business owners. they want and telling me to stay open but telling the people to stay at home what do they do this year someone needs to tell me how i can cover my costs and then they expect us to pay taxes but we can't give them. what. we really feel the consequences of the partial lockdown we're not selling it seems like people are afraid they don't even stop by. it's a bit contradictory since lots of people are on the streets. the complete lockdown in spain at the start of the coronavirus pandemic pushed many bars and restaurants to the brink of bankruptcy most of the owners have run out of financial reserves and the rapid rise of new infections is crushing hopes that the current 2nd coronavirus wave will be over any time soon. and finally

as bars and restaurants in the u.k. brace for a potential expansion of coronavirus restrictions one institution is taking it all in its stride that's because the stock robo tavia are made of metal they got through a pulp in central england has been using robot help for years not to compliment its saif i think decor a rather lucky happenstance in this era of social distancing. all with a silver lining and that's it for me for more head to our website to tell me dot com fast enough for me and a team by and take care. and

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or not. going to. women are striving to reform their islam. traditional prejudices. september 24th p.w. . this is news africa coming up on the program calls for a un that reflects the world in 2020 african leaders down on the demand for a seat at the table with a decision maker is it. and will show you the 1st up it's kind of coffee shop in kampala where all the stalls.