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tv   Shift  Deutsche Welle  January 7, 2021 7:15pm-7:30pm CET

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being destroyed is invalid. the boy wasn't she students see it differently they remain concerned and are taking their protests off campus to other sites in istanbul. and that's it from me on the news stream for now coming up next is a. special. they want to know what makes the german. jews love. banning way from. i'm not even allowed to wash my own car and everyone was made of bones and everything. are you ready to meet the germans and join me right to do it under. the new year yes years we've done you and how it all stands german sausage now we bring you a makeover and you've never tried to have surprise yourself with what is possible
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who is magical really what moves and want. to talk to people who follow along the way i admire and critics alike how is the world's most powerful woman shaping 150 join us from eccles last stop. is a black eye for made in america u.s. business groups sound off about the country's chaotic transition to a new president following a violent day at the capitol. also coming up a german biotech firm cure vaccine as it's getting closer to its own coronavirus vaccine now it's getting help from buyers another german firm that knows a thing or 2 about drug development and production. and gone as president is sworn in for a 2nd term can he lead one of africa's largest economies in 2. covering. your welcome
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to the show i'm stephen beardsley in berlin it's good to have you with us president donald trump's efforts overturn the 2020 lection came to a dangerous head on wednesday when a mob of his supporters stormed the u.s. capitol the attack followed a rally in which trump repeated false claims about widespread voter fraud 4 people died during the violent pro trump protests according to the metropolitan police department $52.00 people were arrested at the capitol complex was locked down and lawmakers evacuated it took several hours for law enforcement to announce the capitol was once again secure. and many american business groups and corporate executives have condemned the violence the business roundtable a group of chief executives from some of the nation's largest companies calling on the president and other officials to put it into the chaos and create a peaceful transition of power the organization tweeting that the chaos and unfolding in the nation's capital is the result of unlawful efforts to overturn the
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legitimate results of a democratic election and you see behind me the country deserves better now they were alone in expressing their dismay the national association of manufacturers putting out a press release calling on quote the armed thugs to cease violence at the capital and they continue and i quote that vice president pence was a back away from the capital should seriously consider working with the cabinet to invoke the 25th amendment to preserve democracy now the 25th amendment allows members of the president's cabinet to remove the president from power so some very strong words there for more on this let's go to un's korda our financial correspondent in new york yes good to see you david there in washington how is the business world including in new york reacting to this. yeah clearly i mean there have been dozens of calls from big corporations from apple google some of the big
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banks like j.p. morgan or goldman sachs and the like but also from business as home from trade groups and from unions to facebook to exit he actually decided that they will not allow to donald trump to post anything on facebook for the reminder of his terms of what is a little less than 2 weeks so what we're hearing quite a bit is that it's important to protect democracy you already mentioned that it's also important to make sure that there is this moose transition of power and then some of the business leaders also are calling for americans to come together having that said it's also interesting to see on the other side i mean big business has not always been on sync with the style of the current administration but on the other side they clearly took a profit from some of the policies like less regulation or also a lower texas but now as they fear that democracy is on the line and so finally they obviously decided to speak out. by facebook there now what's been easy to miss
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in the last 24 hours is the democrats actually received confirmation that they do have the senate majority that's big news for the biden administration coming in because it changes his economic policies what he can achieve what does that mean for the business world. yeah definitely and that's also fascinating and really quite a turn off events how the market specially is reacting to that i've heard so often before yesterday's so that if there are more crits would take control of full control of congress that it would be bad for business it would be bad for the stock market potentially higher at texas more regulation and what we're seeing today is that even technology as sheriff's informal to not stock comp was it for the ferry 1st time serve process $13000.00 points the dollar just for ever it showed up today by more than $300.00 points playing around there was a new record high so now the ratio is that so was joe biden and congress in
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a spec it might mean that it's going to be easier to get more money out to americans that could mean more consumption that might mean less credit fall out now all of a sudden the argument goes what happened what was the senate election in georgia is good for the markets no matter what wall street seems to play it either way just to find another reason to drive the stock market higher it's really fascinating to see how one day the market argues this way the other the other way no matter what the animal spirits are out and them there seems to be stumping for this bull market. from new york thank you. and we take a look now at europe where german biotech firm cure vaca is in the advanced stages of producing a vaccine against coburn 19 it's now league up with fellow german pharma company
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buyer to help develop and distribute it on the corporate giant will also assist in getting the him or in a vaccine approved cure vaca expects 1st results from its phase 3 clinical study by the end of march and hopes to supply hundreds of millions of jobs once it's ready there are financial correspondent charles he says the move looks to be to buyers advantage. this partnership will give care of a very experienced partner and the pharmaceutical space is a very young and small german biotech firm they only have about 500 employees and buyers one of the largest pharmaceutical companies in the world they have a lot of experience developing drugs getting them approved by regulators and producing and distributing them as well so cure of developing the technology and hopefully it will help them really up the supply once this is approved by regulators we've seen these partnerships really popping up all across the pharmacy including a partnership between biotech and pfizer here in germany in the u.s.
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which is produced that the 1st approved back seen here in europe but it also. a big supply crunch for vaccines in europe so the e.u. is really counting on this fact back seem to be available in the next coming months so this will hopefully help us speed that production and distribution of. our financial correspondent chelsea delaney there in frankfurt over after we're gone as president. was sworn in for a 2nd term on thursday his biggest challenge is the same one facing pretty much the entire continent economic recovery from the pandemic one thing we're going to size side rather is the size and more developed of its economy but is starting to weigh on it. god it was hit hard last year by the cove in $1000.00 pandemic it had a great future ahead with 6.8 percent economic growth projected before the virus struck now it's expected to be less than half of that.
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president nona otto ran for reelection on reviving the economy he's promised to implement a 14000000000 euro program to spend this. year but the government is already under pressure to rein in government spending got his national debt leapt last year with projections putting it well over 70 percent of g.d.p. 420202021 prompting a warning from the i.m.f. gun and are also calling for more jobs while the official unemployment rate in 21000 was just 4 and a half percent it's expected to climb higher in 2020 nearly 90 percent of gun man's work in the informal sector with jobs like domestic workers traders and street vendors their jobs are more precarious especially while measures to slow down the virus are also slowing down the economy. and correspondent as
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a collection joins me now live from across. if i'm a canadian what do i want to hear from president. for many. many that the last the are jobs the window able to provide for the families so what do we're really expecting from the president is that he's going to make sure that the economy bounces back and able to have the jobs bach and become people who have money to take care of their families and be able to live a comfortable life that is the key thing to expect this year as he takes over for a 2nd tenure. or is it what sectors of the economy have been hardest hit by this pandemic. so the hospitality industry or sector has been hardly heat also seen the tourism sector hardly heat for the scene the manufacturing sector also suffering a deep heat and also their retail sector. gun are really high as
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a service economy and because many businesses are not able to remain in operation it means that people are unable to have jobs to do and. as i've spoken about how tough it is very deep. and the need to recover quickly to get people back on their feet. should we talked about normal going to feel that in their lives. get addicted to an issue and they've got a country that continues to borrow. it is really a warrior for the economy years and on a list of largely response a is that if we don't shake how we borrowed in august it is going to be an impact on the economy and that is something that a government has to take a look at you have to find alternative ways and that's why the africa continental free trade deal may help you know with the economy in ghana and also on across africa. across thank you very much.
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thank you stephen. over cuba where consumers have had a rough start to the new year the government doing away with the country's dual currency system but cubans are struggling to work out whether it will leave them off better or worse. there are long queues at the banks in havana as cubans scramble to stock up on national pesos since currency reform in january 1 it's the only way to pay in the shops market oriented reforms have led to tensions. i think stores should continue to take the convertible pesos so as to make it easier for people to change their money and so people don't have to stand in lines at banks in the end that's a lot of people and with the situation with the virus i think it's unnecessary. for more than 3 decades to currencies have circulated in cuba state run economy the peso on the convertible peso pegged to the dollar now they're stuck with the
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strongly devalued pay so many subsidies have been abolished and as expected prices are already rising because of a scarcity of dollars widely used on the cash strapped island. no pressure on my god it was about. prices increased even for some items that were not subsidized they increased in the same way and let's not even talk about the basics we're talking about other items that should not have been increased. with on. the economy was already in trouble before the pandemic there were long food lines since the pandemic tourism which generates precious foreign currency has plunged energy prices have soared and a trumpet ministrations sanctions are taking a toll monitor reforms the government's most radical measure to transform the communist country and crucially cubans are hoping for a reset in relations under the new u.s. government under joe biden. and
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a reminder of our top story today business leaders have condemned the storming of u.s. capitol which interrupted congress's attempt to certify joe biden as president elect spy the chaos u.s. markets open stable. and that's it for me in the business here that's watching. to the point of strong opinions clear positions international perspectives. for the 1st time in its history a member nation has left the european union the question is though can the united kingdom really for which an independent future and watch in fact is all going to have on the e.u. itself find out on to the point. to the. 6 o'clock to w. what secrets lie behind these walls. discover
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new adventures in 360 degree. and explore fascinating world heritage sites. world heritage 363 get clear. this is did everything is africa on the program today heated political tension in ghana on the day of the president's inauguration parliament's descended into chaos soldiers had to be called in to break up clashes between m.p.'s what is the reason for the tension. and how doctors are improvising in order to save.

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