promising its partners rich profits but in europe there's or. whatever accept money from the new superpower will become dependent on. china's gateway to euro. stores feb 19th on. the inequality virus that's how oxfam has label which the covered 19 pandemic report saying it could increase the gap between rich and poor in almost every country of the world we'll hear from the charity. 2 years after a dam collapse left hundreds dead and devastated parts of brazil there are still waiting for answers. and sunny southern spain became snowy southern spain earlier this month we'll look at how growers that are recovering from

a red coat chilled. the t.v. business on robots in berlin welcome to the program a crowd of ours pandemic has affected us all but some have been hit harder than others and this latest report to the charity oxfam draws the world's attention to growing inequality while the richest 10 percent have quickly recovered their initial coronavirus losses the poorest may be suffering the economic consequences for years to come. when the pandemic began the markets fell dramatically but now they have climbed back to record high. now have a lot more. the have nots on the other hand are now deeper in poverty the world is weathering the worst jobs crisis since the 1930 s. millions have lost their jobs and their livelihoods women are among the most vulnerable they work disproportionately in the worst affected sectors retail

hospitality and food services to name just a few in its latest report also stresses that inequality is more than just about money it costs lives in brazil people of color have a 40 percent higher chance of dying from carbon 19 than white people it's high time for action says the or the cd the organization for economic cooperation and development if words and measures aren't taken rising inequality could become entrenched. but speak to barbarism holt's vine hard to is a senior policy adviser on the economy and globalization at oxfam germany thanks for joining us on day 2 of your business and oxfam is calling corona virus the inequality virus why is that. thing. i mean it has a potential to increase if you live between the rich and poor even further we see

that inequality may be rising in all countries in the world for the 1st time since records began. this trend that there are 100. people on earth were able to recoup their condemn it financial losses but then only 9 months on the other hand the poor half of mankind just the likely to suffer from the impacts economic impacts for over a decade. we see that the social inequality built into our economy is proving as deadly as a virus itself. you know when we talk about certain groups being hit harder than others are we talking purely financially are we talking about a specialty of the higher deaths. the suffering as many aspects we see that our economic system enables some super rich to amass he's cute even within the pandemic while the poor have the fact he

doesn't know how to put food on the table and access health care when they need it . largely due to a policy failure in the. president and cuts in health and education and social security means and that when a pandemic hits our systems are poorly equipped to enable everybody to texas what they need so it's beds it's losses in jobs and in utah you talk about. policy decisions of the past so are you saying that this was unavoidable because on the face of it it seems like governments really have very much at the whim of this virus. the. choice of gates did make our systems vulnerable and less resilient than they need to be to allow good life for everybody it was a privilege as

a. public service or to just example in the interview care the private health care system that serves only 14 percent of the step and 70 percent of the doctors with the public system that are of the boy the other in the us the population is that only 30 percent of doctors so this is one of one of the aspects but i am looking at the larger picture we see that they cannot access the computer under logic of products immigration of fostering the interest of big corporations which in the end makes us a bridge super rich and we need to change that logic politics needs to curb corporate power and democratize our 800 meters to allow a better life for our farmers and holds by heart from oxfam germany thanks for joining us on the doing business. time now for a look at some of the other business stories making the news credit suisse is among

european banks saying they will stop financing trades in crude oil from when ecuador the lenders are facing pressure from environmental campaigners who say their role may have made may have been complicit in the destruction of a muslim reign. u.n. figures show china was the largest recipient of new foreign direct investment in 2020 overtaking the u.s. for the 1st time the chinese economy brought in a $163000000000.00 in investment as the corona virus outbreak spread across the world compares to the 134000000000 attracted by the united states so. let's discuss this with our financial correspondent in frankfurt and they should how is china managed to leapfrog the u.s. like this. oh well it's to do with the fact that how successively dealt with the

corona wireless and that definitely had an impact on how attractive it was for for investors it did manage to go check the spread of the core and i was fairly early due to strictly a log downs and after that it emerged as the only major economy today just a growth last year so that's been a major reason why china was so attractive on the other hand the u.s. has struggled with the current widest and it has seen its output slump and and and also if you go to see in the longer timeframe we've seen that. in the us has been actually going down since 2017 and that's to do with the chinese companies chinese investors being wary of for regulations in the u.s. they fear that their investments could be under scrutiny. related to national national security grounds so those doors have been one of the reasons why u.s. has been struggling to attract foreign direct investment. and on the other hand

briefly if you can what is it about china this really grabbing foreign investors. well to begin with it's usually one of the biggest markets touted to be the biggest market good in the next decade or so it has been stabbed a supply chain a large pool of. workers a talent base is there so that's that's amazing reason if you remember we've been hearing all these talk about companies pulling out of china but it hasn't really materialized because they want to be there and cater to that huge market should thank you and 2 years ago today a dam burst in southeastern brazil killing hundreds in an avalanche of mud the dam was part of an on all mine owned by brazilian multinational valle one of the world's biggest mining companies compensation talks are still underway as is the search for those responsible. 2 years after the broom agin your dam disaster

survivors commemorate the victims they want justice and for those responsible to be prosecuted. if you hear me i lived very well with my husband with a lot of love a lot of dignity and holly the mining company came in and just took it all away from us i want justice i have no words to describe how much pain we've suffered. many will never forget the dramatic images on january 25th 2019 an iron ore mine belonging to brazilian multinational bali suffered a catastrophic failure an avalanche of mud buried 270 people alive and laid waste to villages and farms the region is now contaminated with heavy metals from the toxic sludge several bodies have yet to be found survivors are still waiting for compensation. well it still so not only did the volley wind collapse destroying my family it destroyed countless other families as well many people die

and we can't smile anymore because there are. also he. a brazilian judge has frozen the equivalent of $1300000000.00 in the mining companies bank accounts as collateral for the damages facing charges are both valley and employees of a subsidiary of german auditor tooth zoot which had certified the dam a safe 4 months before the tragedy occurred. if no agreement is reached by january 29th a court will decide on who must pay how much as well as other penalties. spain is still dealing with the aftermath of record snowfall in earlier this month the better call brought by storm filomena has proven a major problem for fruits vegetable growers even spain's famously sunny south. something rarely seen here days after the snow fall the southern spanish hinterland is still white the consequences can even be felt in an millia close to the

mediterranean sea biologist yonder blome is in the greenhouse assessing the damage to the tomatoes. in some zones not far from the coast we had minus 3 minus 4 degrees celsius that caused a lot of damage in many of the greenhouses the new england. the region around on the rio supplies large parts of europe with vegetables and fruit. but it should last prices have gone up noticeably that might not seem bad but most farmers don't benefit from it because they can't produce involved. and we just keep this situation is different for these artichoke producers 200 kilometers away from the rio their fields have been lucky with only 15 to 20 percent of the crop affected by the frost but the cold has had another effect. of the cold has forced these plants to stop growing so they won't be at the market even if it

doesn't get warmer it will all stop growing. at ole it means that another processing line has to close down there's not enough to harvest but the company is taking the situation in stride. within 3 days the price for artichokes went up from $0.90 to $3.00 here is pretty low the prices exploded that's why people at ole can stay relaxed but things look different for vegetable farmer diego graham not us he grows zucchini but his harvest is ruined the frost just cost some of the vegetables to burst open he's suffering losses of up to 30000 euros on this field alone. we've already pulled out half of the crop with the rest will have to wait and see we sprayed the plants with something that might revive them but we'll have to wait

another week and then i guess we'll pull those out to you know that i mean i know. that no one yet knows how extensive the damage is in europe's vegetable garden the full scope of the damage will only be visible in orchards and in greenhouses over the next few weeks. so from v.w. business good bye. what do you think what do you get for $0.50. for fish that. did not get rich today miscue big stinking cough feels a lot of stuff did you know the cost $0.50 to feed one hungry child for one full. day could be one big. game if. something had gone. with a share of the meal share your children is just $0.50 and

a tap on your smartphone smartphone users outnumber children i would. imagine the impact you and your friends could have together we can end global hunger please download the app. carlson's indian farmers have been camping out at the borders of new delhi for almost 2 months to protest against new farm laws passed by the marines or more the government many downs of liquidity issues have been the bomb was just used to be until the laws that it will. be followed to do 60 adults up non-singing and hundreds of other promised what job going to get from the state of the job to join the protest scene is leaving behind

his family for the 1st time to make his voice caught by the indian government. set non-singing has called these fields home all his life he did members being fascinated by his father's tractor as a 6 year old following him to the feeds to najaf though he decided to leave school and farm for a living you can't be didn't have the farming is essential for us it has been in our blood our ancestors trade for generations now farming is a mother to us we can't leave it. but now seeing bodies he could lose everything times 2 are because of the former laws introduced by the indian government last.