instances of refugees being sent to the island against their will. you're watching the news from berlin they'll be back at the top of the next hour with more meanwhile you'll find all or stories online at d.w. dot com you can also follow us on social media at t w news i'm terry martin thanks for watching. why are people forced to hide in trucks. there are many reasons. there are many answers. place. and there are many stories.

play make up your own. job you made for mines. fireworks on the trading floor just days before the new year's celebration u.s. stimulus package breaks its trade arrangement on the front of august baxi boost investor sentiment as a good mood also drops on oil prices we ask an energy expert about oh takes the next steps. out of the world's biggest film industry and terms of output hollywood is feeling the pinch welcome to the business i want to get jones and bill. in the

good to have you with us and here i am and the markets are in a festive mood asian ship has jumped on tuesday with japanese stocks hitting a 30 year high now that following record highs on wall street the broad rally comes as investors welcome the decision by u.s. president donna trump to sign a $900000000000.00 coronavirus economic aid package despite his complaints $600.00 payments for most individuals would go the package also includes $1.00 trillion dollars to fund a government agency averting a federal government shutdown that otherwise would have started and she would stay . well and for more on all this market action let's bring in our financial market correspondent hyundai in frankfurt good morning to you should it is i mean considering the fact that most of the world is currently in lockdown this rally is pretty amazing tell us a bit more about the winners and losers who is gaining most. good morning one thing

credible isn't it. the markets just don't seem to care what's happening on the main street and they've been on a bull run and it's been pretty much the story the same story throughout this year it's the usual suspects this time amazon google apple they have been performing really well are those who work from home stocks that as zoom out on the fitness bike make netflix so all these stocks are the best have been the winners of the pandemic and then there's of course tesla which is seen like a phenomenal rise this time this year 600 percent more than 600 percent but have to i think it's the investors and traders are looking into 2021 already they're looking at post pandemic future betting that these are vaccine efficient grew out of the vaccine is actually going to ignite the world economy which would be perhaps

greener and more digital going forward. pandey there in frankfurt keep up the good mood we need it more than ever these days thank you so much. well a positive mood also helped oil futures rise during asian trading on hopes for an acceleration in economic activity now that is good news for all producing countries of course the golden days for the oil rich gulf region are long gone 1st they had to deal with the us flooding the market with their frakt oil and now demand for oil is low because of the groan of ours pandemic and the worldwide economic downturn the german institute for economic research estimates that the revenues of the oil exporting gulf stop states plummeted by about 60 percent you saw that curve just earlier now that's a problem because the gulf states are non-trade appended on income from oil exports in concert right for example more than 50 percent of government revenues come from

the oil sector in kuwait and saudi arabia it is as high as 90 percent of for more i'm joined now by dawood and sari his research associate in the energy transportation and environment department of the german institute for economic research the institute that also is responsible for the study i just mentioned good to have you with us please tell me what's it take for the oil price to recover i mean opaque normally has a say in that by throttling production or by increasing supply so what it takes for the oil price to rise again. good morning thanks for having me. so eventually ultimately for the oil price to return to normal values and our production being able to do return to normal values eventually an end to the pandemic is the most important factor but other than that well opec has been doing a pretty good job since since october because the result of the last meeting of

showing that stability and cohesion within opec is pretty much the next best thing they can actually do the very strong production cuts that have there are in place since me he mentioned that the pandemic is playing a big role there i mean what impact does it actually have on the economic situation and the gulf region. will eventually have tremendous impact on the offeree units are so for all of these they would 1st see stand results ability europe in terms of reduction in overall g.d.p. to rest have been have not been attending but besides that obviously given that the all sector is such a tremendous tremendous impact on the countries. having decrease our consumption of less than. of less than 12 to 10 to 20 percent. during the pandemic that is an extraordinary disaster for these countries. this is why we've actually

seen also production cuts in place since may 2020 being there in order to stabilize the price nevertheless it will ultimately need. mid to long term stable as all price in order to lead these economies back to stability what could to perhaps a shift from fossil fuels to renewables help those economies to stabilize in the long term when do you think we will see that shift. frankly i am not don't really know if we will ever see that shift or at least if we will see if voluntarily and a gradual shift in these regards diversifying the economy is something we do find for instance in saudi arabian government objectives since literally 975 so although this often pictured as a very contemporary challenge it is something that people are talking about for a long time and until now results have been very limited so there are some some kind some generate some policy programs. that are so far they have not really

yielded any lab success which makes a lot of sense given that these countries given that the royal family is given that just the way these companies work is entirely linked to the oil business and to its revenue right sorry energy expert at the german institute for economic research thank you so much thank you. time now for a quick look at some of the other business stories making news. the controversial north stream 2 gas pipeline has been completed in german waters that's after a 2.6 kilometer long portion of been stalled for months by the threat of u.s. sanctions work continues in danish waters altogether the pipeline will cost almost $10000000000.00 euros and transported russian gas to western europe. e.u. member states say the necessary political backing is in place for a controversial investment pact with china clearing the way for

a deal between the world's biggest economic blocs the pact will open the chinese market for further to investors while brussels is set to soften its stance on chinese investments in europe. spain says spanish commuters to the british territory of gibraltar will be exempt from border controls after breaks it even without a free movement deal with britain london are negotiating how to police the border left out of last week's trade deal between the e.u. and the u.k. . talking of which businessmen in the u.k. i've been for reflecting on the how this new trade arrangement between britain and the e.u. will affect them time is of the essence as they only have 4 more days to adapt until the transition period ends and the new rules apply peter wood's heels were prized by his customers in germany sweden and lithuania but now he fears his e.u.

customers will look elsewhere for supply after the new breaks rules come in on january 1st the deal involves the vast amount of paperwork we will produce documentation unfortunately our customers have also got a raft of documentation to get used to allow the import to go ahead so why buy from the u.k. might as well buy for the low producer and for those who can deliver to the do no documentation no problem peter wood says he would never have voted for bracks that if he knew he was going to lose his job. the british government acknowledges there will be specific challenges but the biggest obstacles are out of the way. working more intensively with business in order to make sure that everyone is ready for the new opportunities and challenges that come after the 1st of january i think business is broadly in a good place but inevitably with any change with any transition there are occasional bumpy roads the confederation of british industry wants the government

in london to translate the deal which is more than a 1000 pages of legal text into practical guidance for business owners like peter one the clock is ticking. the entertainment industry has been one of the victims of the coronavirus pandemic hindi cinema also known as bollywood normally office millions of us an escape from the drudgery of daily life but endemic restrictions have left their mark on the world's biggest film industry . glitz glamour stars and professionally choreographed song and dance the ingredients that make bollywood films unique worldwide. behind the glittering façade are many day laborers. they form the backbone of the film industry a single film used to mean hiring more than a 1000 people but today's productions are much smaller. all the

big stars and big roles is not stopped it starting with the upcoming new york almost there and with the many well. before we had enough that they see and play department of how many markets when david and i would fight or 6 members and i know the la guardia for being now it is not there. due to the coronavirus authorities now impose restrictions on certain popular wedding scenes involving multitudes of guests are banned as are hugs and kisses and fight scenes before the pandemic bollywood produced about 2000 films annually more than anywhere in the world in 2020 that number has tumbled to less than half. so it has affected severely. and i'm quoting the they leery of age labors as well as technicians as well as this so it was a serious damage actually so it might take another cold war 3 years. on this effect

i guess so yeah this is a serious damage serious damage which we didn't expect that. after shutting their doors for nearly 7 months india's cinemas reopen in october under strict conditions every other seat must now remain empty but the reopening represents a glimmer of hope many people are counting on a happy ending next year with a comeback for the bollywood dream factory. that's your business thanks for letting .

the going gets tough the bricks in agreement is here. the most it's more than sweet. our reporters be getting mass and. travel through the u.k. the. you and beyond. break 6 winners and losers close up. on d w. in the upside of climate change. for christmas.

what's in store. for the future. come for the major cities the multimedia insight. culture. for a living. i'm taking advantage of. places great places. you believe in luck douglas.