music to say soon as you hear beethoven lose your mind or the story behind the music. for the ages. british tobin's 9th symphony for the world starts to seem really on w. . because while dr continues just days after failing to reach record highs, its value today is tumbling and dragging down other cryptocurrency is with it. will have lot of analysis from our markets course. also on the show, friends pushes ahead with a digital tax on the likes of apple, amazon, facebook, and google. the move is likely to anger the united states,

which says american companies are being on fairly targeted. and there's a booming online competition weren't enough. now the pendennis depriving bookstores of much of their walking traffic to tell you the story of one shop in washington d.c. . i'm chris caldwell, welcome to the program. when i day of nosediving cryptocurrency and also on 10 percent today, dragging with other big names in the market, some of which dropped a quarter of their total value in the last 24 hours. this is bitcoin traded, shy of fresh record highs only days ago. you can exchange regular money for the world's best known digital currency. bitcoin machines like this 11 of the reasons why bitcoin is so attractive is that supply is limited, only 21000000 bitcoins can be mined. the crypto currency has seen wild price swings since it was launched in 2009. this year,

prices are on an upswing. the value of bitcoins has tripled since earlier this year . it's a stunning rise until now because it was mostly to preserve a private investors. but in this year, a pandemic driven uncertainty, it's different retail investors. and more importantly, institutions and corporations, they're shopping for a new currency. ok, they want to currency that gives them purchasing power to protect them. in case paper currencies fall, because central banks have to print more and more money to help the world survive the virus and social disorder. so that's what drove the markets this year, thursday, so prices full, which suggests profit taking by investors. like so much else to do with bitcoin, pure speculation. nevertheless, let's try to shed some light on the story where the date of his financial

correspondent ashutosh pandey in a frankfurt asked us, is it only profit taking that's driving down the price here? well chris, i just to go from where that report left, it's very difficult to say anything with certainty when it comes to bitcoin. so you have purely speculation, but it just looks like it's been profit booking by investors. it's not unusual to see correction before an asset class is trying to reach a milestone sober. have this is the investors who are trying to book the profits and hence we're seeing this correction. and they've been also negative commentary from analysts who are tracking bitcoin. they felt that the bitcoin was overbought and perhaps it could fall to $14000.00. and another reason that people are actually mentioning is the fact that perhaps the u.s. is thinking of some tighter regulations around crypto currencies. and that could be a negative sentiment that could be actually driving the sentiment down if i could

go on is concerned as to touch this sharp drop in value isn't limited to because other kircher currencies down some 1520 percent. and more today. is there something that can be seen in a larger scale here by the plunge in value? for me, it seems as if these cryptocurrency is still as volatile as they were earlier. really, they would take years or even decades, for them to be as stable as the industry insiders are touting them to be. they have been cited the insiders, the big, big confines, have been citing how the cryptocurrency is of mature over the years, the norm, nowhere like what they were in 2018 when we saw that spectacular bust. but still, it seems that they're still very volatile despite all the interest that is coming in from institution investors and all that come from in public companies like pay pal and j.p. morgan as

a transponder in frankfurt. thank you. and now to some of the other business stories making the news, german consumer morale dim this month. as the country entered partial lockdown, retail stores remain open. a new survey shows, consumers are hesitant to spend and feel more worried about their jobs. germany on wednesday extended it's locked on measures until december 20th, and warned they could last into the new year. just software firm sales force plans to buy the business messaging platform slack. that's according to the wall street journal. slags, popularity has boomed during the pandemic as more people work from home. the company's shares surged more than 30 percent on news of the deal. it's to france now. the country is pushing ahead with a digital tax that will targets some of the world's biggest names and tech. the levy will see the likes of google, facebook, amazon, and apple forking out millions. the companies will have to pay up as soon as december. meanwhile, talks about

a global digital text continue the organization for economic cooperation and development says a tax of around 10 percent on profits could bring in $100000000000.00 a year around the world. the timing of this is discussion is quite significant because since dependent struck, tech companies have been fairing very well, while other businesses have been struggling, their profits have soared. and as a result, shares in both apple and amazon have leapt around 60 percent since march. meanwhile, the e.u. has been complaining that apple pays less than one percent tax on its european made profits in the united states. amazon pay just 1.2 percent tax on its profit last year, up from 0. the year before. $937.00 countries have agreed in principle to a digital tax framework, but they can't agree on how to go about it. meaning a final decision has been delayed until next year. earlier i spoke to spend giggled

. he is with the german green party, a member of the european parliament and chairman of the economic and finance policy committee there. and i asked him whether it was wise to start collecting this new tax only weeks before a new us government will be sworn in. well, i think it is not necessarily wise, but of course it can only coolly beneficial and appropriate france has been waiting for 2 years after germany has not agreed with going. 'd ahead with a european version of a digital tax, on the other side, merican partners have gone ahead with the big corporate tax of the week phone, which has cost european taxpayers billions and therefore it's understandable that hasn't front front doesn't want to wait any longer. however, i think the biden administration, he serves a chance in the o.e.c.d.

negotiations of about how for years the current us administration has vowed to retaliate with terrorists of about want to have $1000000000.00 on french goods. how secure a position itself should be biden and ministrations. stick to that plan well, 1st, i believe that america probably get into trouble with such tariffs, speak course, and they may well not correspond to w t. o. rules. however, i believe that we should be restyled beleaguer share a sions at the o.e.c.d. for digital tax reform. but also for a global deal on corporate minimum taxation. if we achieve such a deal, this will be economically more efficient and also in the end bring more income now and that note, britain, spain, italy, and other european countries have also announced their own digital tax plans.

doesn't that make a compromise within the o.e.c.d. very unlikely to say the least. i don't know. also, biden has announced that he will go on for tax loopholes. so also america has an interest in an international deal. and therefore, i have great hopes when it comes to this and don't forget, after the corona crisis, the company coffers empty everywhere. so we depend on efficient and justified taxation. and the digital tax program writes, of course, illegitimate income and unfair competition between digital business models and local business models. and therefore, i think the case for the digital tax is very strong. cindy told of the green party, a member of the european parliament. thank you for talking to double the pleasure

of the most important time of the year for retailers has begun with amazon and others vying for shoppers attention and money, of course with hefty discounts, mainly online. meanwhile, it could be a somber shopping season for many bookstores, because with the pandemic forcing people to stay home, they're already challenging battle against the competition online has only become more difficult. downtown washington d.c. seems deserted. employees of the many think tanks, banks, and international institutions based in the u.s. capital, are working from home before the pandemic, at least 15000 passengers took the metros redlined to work every day. these days it's just $1500.00. that's one reason why small shops in the city center are losing customers. like this antiquarian bookstore, washington, it's become a virtual ghost town. 90 percent of our foot traffic has ended between people not

coming in the worship or communities, not going on the street. and there's absolutely no tourism, which was part of our general sales. every allan's type extort had to shut for 6 months, government coronavirus assistance and able to him to keep his 40 employees. and his landlord kindly lowered his rent for a time. but that's no long term solution. so he's had to rely on his internet business. we have 25000 books on amazon. and amazon is one of our income platform streams that runs co, hourly with our perks and mortar stores. until recently, the internet was seen as one of the biggest threat to these small businesses. but the pandemic is now a much greater evil. small bookstores are among the biggest losers due to the lock down. and internet giants like amazon among the biggest winners. last quarter, the internet retail giant posted a profit of more than $6000000000.00,

the largest in the company's 26 year history. that makes booksellers like allen stripe, all the more to pendent on amazon, back it continue even after a lockdown, since there's no guarantee that customers will come back to stores. now that 2nd lockdown in germany, we told you about means bars, restaurants, and of entertainment. venues must stay closed until the end of december. the restaurant owner in frankfurt expressed his displeasure at those by filling us tables with 100 stuffed toy and us they were served with a freshly prepared food and drinks like, of course, corona beer. if you want to bring some life back to his location, you know, that's a show. thanks for watching. the

fight against the corona virus pandemic has the rate of infection been developing. what does the latest research say? information and contacts? virus update on t w.

n. u, i mean yes, yes, we can hear you and how downstairs gentleman thomas and i were a man called and you've never had to have a surprise yourself with what is possible. who is medical really what moves who talk to people who for along the way. admirers and critics alike. how is the world's most powerful woman shaping how they can diagnose the medical class that as vaccines receive approval and become available to the world, the next questions ethical, such as, who gets the vaccine 1st? not only do we have to take into account which age groups to prioritize, but also which jobs. frontline, health workers around the world are already demanding better protection. and how

should distribution work around the world? as it stands, rich countries are already preparing infrastructure and buying up future doses by the billions. but won't that leave poor countries already grappling with inadequate health care systems struggling to secure their own? the fair distribution of a coronavirus vaccine looks set to be one of the major challenges of the coming months. if not years. the world health organization who we'll hear from later says the world cannot afford to get it wrong, but time is running out to prepare a framework for getting any vaccine to everyone who needs it. it's a huge achievement for the scientists at the university of oxford. together with drug maker, astra zeneca, they've developed their own corona virus vaccine. researchers say it's most

effective when patients receive a half dose followed by a 2nd full dose a month later. the developer say it offer several advantages over competing vixens, it can be stored at refrigerator temperatures for more than 6 months, making it easy to distribute and astra zeneca claims it can be produced more cheaply than other vaccines. the company is now seeking emergency use listing from the world health organization. it's really excellent to see that the high efficacy that we're now getting at these trials, coupled with the safety, billeted to manufacture in large doses. the billets to feed into existing distribution networks are vaccines that already are in place around the world. because all of that to get this vaccine and other vaccines as well is what's going to really make a difference. we have to get a lot of people that slated as the 3rd western drug company to report success

with their corona, virus vaccine candidates. recently german company biotech in partnership with pfizer and u.s. based company more done are presented m r n. a based convert 1000 big scenes, which the companies claim are almost 95 percent effective. vaccines developed by chinese and russian researchers also show high reported efficacy. some have already been approved for mergence use. the next challenge is going to be to get enough people immunized fast enough to have an impact on the virus. and that does take time. simply takes time to manufacture, to get distributing them to get into people's conscious remark. so the more vaccines we've gotten, more doses, the reach of the right, since we've got the that's going to be the question remains, how can the vaccines be distributed in a fair way without discriminating against poorer nations?

that's the challenge facing the covert $916.00 global access initiative or kovacs. but with industrialized nations having already secured iran, 1200000000 doses for themselves, the task is daunting. but we can now speak to richard, may he go from the world health organization, immunization and vaccine development program? he joins us from brazzaville in republic of congo. thanks a lot for being with us. so let's just talk about this kovacs coalition for getting the vaccine to the poor countries of vaccines getting close to as kovacs is still 4000000000. under-funded is kind of is going to be ready for this vaccine. well i think 1st of all we need to clarify that the cork's was set up to make sure that countries

including majority of african countries don't get access to the lot and sit some dishes goals off. at least we don't fax in those this, but we can look countries in the end of 20, but you want so we can get a fundraising that overstates it for itself to raise up to $2000000000.00 maybe end of december 2020. is it 1st? i think we don't see that at least the pretty larry that we have sure that i get to give you reach it's something very close. don't solve the source. there is something going under $787.00 countries involved in

kovacs already, which is, you know, a lot of countries, but there's one notable country that is not involved. and that's the u.s. . i mean, can this program succeed without the world's biggest economy? well, i think that has been because the debates are out there on that, that it is been shown that t.n.t. the victim of at least played vaccines too. unless the country through that mechanism can be a cheat. because if you look at the number of their books today, we have $189.00, countries are presenting close to 90 percent of the global emissions have supported, the initiative saw as much as we have now. the u.s., the united states of america to join i think that we work this down so far. it's a really good sign also you there, it's you look, you know,

i support you got that unless we change the painter. you see, these are seen at the same time each year. is there any hope that under a biden presidency that the u.s. might get involved when i think it's good to predict. so their action but we do all the changes in it sit might of course, send it different signal and shit. so how confident is the director that poor nations are going to be able to get access to the vaccines they need? well, i think the body can be 100 percent. sure. and this is in even greece as you know, in-house during the g 20 summit that there was

a release that some of the country articulate, i think, i mean, may not get the vaccine. i did say time that other countries saw i think we are continuing to push for that focus and to make sure that many countries in the region, we asked this same thing. but there is very little guarantee at the moment that we can. and i think this is why we need to continue to do that. if i focus or to me go from the world health organization. thanks for joining us on the call. $1000.00 special. thank you very much. and that is the part of the program where you get to ask the questions you've been submitting them through. are you cheap channel? so now let's put one of them to ask science correspondent eric williams. it's covered 19, now endemic. when i read this question, i thought ok,

it's time to talk about the elephant in the room. the fact that despite all of our fondest hopes, this virus is not going to fizzle out and go away 1st. let's define endemic the way we're using the word here. is in its epidemiological sense, which describes when an infection is more or less constantly present in the background within a specific population and geographic region. but it also implies that it's in a kind of steady state, which hope in 1000 is not at the moment. it's still spreading fast and furiously in many places all over the planet. one of 2 things could happen next. when enough people build up immunity to it through infection or vaccination, covert 19 could become an endemic disease or it could just apparently burn itself out and disappear like sars dead. but not that's not going to happen. in other

words, at this point, if we could say that the disease was and then that we'd actually be farther along the road towards returning to life as usual, that we are. it would mean covert $9000.00 was no longer out of control, but was a disease we had tools to cope with. we'll develop those tools eventually just like we did with aids and influenza. in fact, probably a lot faster, but, but wiping the virus out entirely at this point would take a massive planet wide strategy like the one that wiped out smallpox and is nearly banished, polio. but projects like that take high levels of cooperation between nations and they take time. so who teen is going to be with us for the foreseeable future? to some extent, at least for how law will depend on the us science correspondent eric williams. a vaccine for cover 19 could be just around the corner,

but how willing are people around the world to actually take it? a recent survey published in the journal nature shows around 70 percent of respondents would take a vaccine when it became available. people in asian countries like china, south korea and japan, lead the way in terms of their readiness to get vaccinated while large proportions of some eastern european countries. for example, like poland and hungary say they don't want it. but what about you would you get vaccinated against covered 19, we're taking a survey on both at twitter account and you choose china at d, w underscore site tech, or d 2 with news on you tube logon and let us know if you'd be willing to take a vaccine when one becomes y. widely available, and if not, why not, we'll bring you the results of the survey very soon. and that's all from us. and

for the latest development on the corona virus pandemic, you can go to our website either way, dot com slash covered 19 until next time. take a cat and stay helps you

pronounce can sniff out the corona virus with almost 100 percent accuracy. now dogs are on duty to combat the virus, helsinki airport and because they are quick and very affordable,

they will probably get more antivirus jobs. in europe. in 13, d.w. entered the conflict zone, missouri killing fields in crisis mode after poland and hungary vetoed the blocks, much needed new budget and coronavirus recovery fox. my guest this week here at the berlin foreign policy forum is polish member of the e.u. parliament. richard, the good stuff of the law and justice party can the polish government afford to be at odds looking at its core values? let's put up the minutes i was issued when i arrived here, i slept with 6 people in a room and similar. it was hard to shred. i even got white hairs that

the german language head telling us this gives me and they go, but maybe too in trouble. let's say you want to know their story. my friends, her fighting and reliable information for margaret beethoven is for me, is for beethoven is for him. beethoven is for her. and beethoven is for beethoven is for everyone. beethoven 2020 plus the 50th anniversary here on d w.

this is due to the news live from the german chancellor angela merkel issues a warning. she tells parliament the number of covert 19 cases and debts is too high, and the restrictions must be tightened and they have to continue well into next year, and also coming up, fans pay their last respects to diego. now donna has died unexpectedly point.