tv Business - News Deutsche Welle November 13, 2020 7:15am-7:30am CET
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brought under control and the next year is halfway normal again. a wish shared by many across germany and the world. you're watching day to day news. don't go away. monica jones will be here. all right, if your business headlines, remember you can step today on our website at state of money dot com. i'll be back next hour. i'm rebecca riches, thanks for watching. why are people forced to hide in trucks? there are many search planes. and there are
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many stories playing make up your job, made for mines doing business in a country accused of human rights violations. we report from showing shock in china how well folks spot is coming under pressure to put their operation in the region. also coming up as spain's coded 19 deaths to casa's, the 40000 to mop hospitality workers and other lucio protest against the country's strict lockdown measures. today it's lipstick on a face mask. how the coronavirus pandemic impacts business for france's cosmetics
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industry, and welcome to do that new business. i want to jones of the land that to have you with us. can you do business with a country that's accused of repeatedly violating human rights? apparently the answer is yes. when you look to china, beijing continues to ignore criticism of the vast network of detention camps in the north western region of jang. more than a 1000000 people, mainly we go and muslims are thought to have been detained. there is among the western companies being criticized by human rights groups for continuing to invest in the region. and the german comic a has defended its decision to remain unchanged. and a correspondent that's yes, burning our reports were empty. the capital of china's western singeing region too weak and other minorities. this is one of the most heavily policed regions in the world. china's repressive policies against ethnic minorities have been called the
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genocide. so she is also home to german carmaker folks arms most controversial investment. u.w. is the only international carmaker to have a plant in the region that would shut off. we made the decision to build this factory more than 10 years ago. it was a decision made solely for economic reasons. there was no political motivation for the fact. it is no in a politically and socially sensitive environment. worries, as china has covered the region with a massive system of prisons and tournaments, centers and reeducation camps. australia's asp institute has documented $380.00 facilities across the region. hundreds of thousands, possibly millions have disappeared in these facilities on a recent visit and constantly followed around and stopped from filming. some of the facilities are official, prisons, some are unmarked, and some cynically designated as bookish trained,
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there are several levels of security from high security prisons to just friends come home. kyra, some iconic cars are born in china has spent several months in one of these so-called vocational schools in 2018. what they had to learn there had little to do with professional skills. he says, what can we make at the, in this camp we had to sing the chinese anthem and other communist songs. they taught us that china was the strongest country in the world. and we had to study materialism of the 19th communist party congress. that's in there. what china is portraying the mass detentions as a means to provide opportunities on the job market, but there's growing evidence of forced labor inside the camps or after release when former detainees have been paused to sign up with employment agencies. v.w. says there's no indication of forced labor and its operations have,
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a shift in the law to direct c., but we hire all our employees directly. they send their resume and we have a job interview. and then the hate charge department and the operating department make a decision based on the resume and the impression they gave me was happened to them before is something that is hard for us to know this stuff as yet. this is through an extreme shriya enough for 14 chinese authorities are aware of the controversy my mind to stay in their car this time, but they call a factory. god get round. filming is not allowed here because of it. they just tell you. now i saw you from my window coming out. what did they tell you with all of what they just supervise our work? the w says it will stick to its investment, but the controversy is likely to remain economic levy. w.'s investment never paid off. it was planned to build $50000.00 cars a year here,
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but its output is less than half that for more let's bring in our financial correspondent charles, you delay me in front food to see how intense is the pressure now on folks to eventually pull out of there it's definitely been mounting over the past year or 2 years. obviously, volkswagen is under a lot of pressure from some activists to completely cut ties with this region. but also we've seen a growing political backlash to volkswagens presence there as well. we've seen a number of lawmakers both here in germany and in the e.u. parliament as well. really speak out and criticize folks wagons business there. and in particular, volkswagens reluctance to speak out against against what china is doing in that region. in part, critics see this as, as a big dilemma for volkswagen because it is very dependent on the chinese market. as
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it's said in the report. this, this factory and jiang is not particularly important for volkswagen overall, but it could be seen as really threatening its entire presence in china if, if volkswagen were to speak out on that. so that's been a big point of criticism as well. right. and of course, let's get to the folks isn't alone active in the region. who else is doing business there? it's really a lottery list of major international corporations that have some sort of exposure to the region. in particular, the textile industry is very, very dependent on cotton from that region. and there's a list of about $82.00 companies from the australian strategic policy institute that are in some way connected to cotton from that region that includes abercrombie and fitch, adidas polar off floor. and all of these companies are under
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a lot of criticism. we haven't seen many take strong action against this yet. but of course the pressure is certainly mounting on chelsea, delineating from to thank you so much. and actually some of the other global business stories making news comicon, the sun is suing its former, see all colors go on for $95000000.00. the trial began earlier today in japan. the charges are from a financial misconduct jumped bail last year when he fled from home confinement leaving japan for his hometown of beirut. hidden in a case he maintains he's innocent. the pandemic has hit disney hearts with theme parks and movie theaters closed. the media giant has seen revenue plummet by a quarter still the company exceeded expectations, mostly thanks to its strong streaming business with disney plus signing up over $70000000.00 customers, making the service the 2nd largest right after netflix. russia sovereign
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wealth fund says a south korean biotech firm has agreed to produce over $150000000.00 doses be a year of the sputnik 5 coronavirus vaccine for worldwide use. russia says it's vaccine is 92 percent effective, but many experts have expressed doubts saying it hasn't been properly tested. for spain is among the european countries hardest hit by the coronavirus pandemic. the country's death toll just past the 40000 mark. the ongoing lockdown is weighing on the economy, especially the hospitality sector in seville, in the south, thousands are taking to the streets to vent their anger. this science says without aid will be ruined. thousands of workers from the hospitality sector are on the streets, demonstrating they're protesting the drastic coronavirus measures introduced by the government and on the loose here since tuesday,
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all restaurants and bars have had to close at 6 pm. a curfew starts at 10 pm. ave them in the situation. it's absolutely deplorable. everything that's happening is unbelievable. there are sectors that are more contagious than the bar centered. they've demonized us so no one is helping. they're letting us die without providing a solution. in other regions of spain, like catalonia and the northeast bars and restaurants have to shut down completely for 10 days and maybe even longer. everyone here is afraid that the new situation will set a precedent in spain, the 17 regional governments decide autonomous lead on pandemic measures. the protesters are demanding the central government in madrid and the confusion and help all those affected ok. got it that we're not initiating any direct aid and politicians need to stop passing. the buck
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on the central government has an important responsibility to help put together a national financial bailout of the sector. the government says it's working on a solution, but it's anybody's guess what that might look like. and another side of the pandemic people's shopping habits changed. the cosmetics industry in france normally sells around $40000000000.00 euros worth of products every year, but when it is expensive, make up under a face mask. not surprisingly, lipstick sent off a cosmetics are in low demand. is that soap is selling like hotcakes. it's a truth, but no amount of cosmetics can cover up. customers and friends have been changing their purchasing habits since the coronavirus pandemic was like going to remote. i hardly ever put on makeup nowadays. just a little mascara on someone's derisory. i really don't wear it anymore with the mask. it doesn't make sense to me that i've changed my makeup style less lipstick,
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although i really enjoy it. more skincare lawyer, my cubicle, my use a lot less. no lipstick. it's not just a cultural loss for friends, but also an economic one. medics are about luxury. it's one of france's leading industries in terms of sales. the only silver lining is that the sector also produces products that are in higher demand during the pandemic. in order to through my book, reward the losses are very hard with hygiene articles such as soap and shampoo, lose before have seen strong growth because they play an important role in fighting the pandemic and or didn't of all but normal make up sales have suffered or if you are more profitable, it was a bit here. the virus as trendsetter. it's better up the development of an industry wide trend that has been in the works for years. less make up more wellness
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products and sachets in jars all designed to pamper. we've seen the trend coming, but lock down, made it stronger, and it's still going strong. we sell organic products. natural. do it yourself around with their own level, make their hype, he's the cosmetics sector has always survived by feeling the pulse of the times at its doing that again, practical tips for picking the right color. well, make sure it matches your mask. that's your business. i like to watch
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