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tv   Business - News  Deutsche Welle  February 2, 2021 7:15am-7:30am CET

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the government has set out a post way back to normality with promises of banksy now they will face even more pressure to deliver. it watching t.w. news we've got business for you coming up next with rob watch i'm terry marshall thanks for being with us. it's about billions. it's an hour. it's about the foundation of the new order the new silk road. china wants to expand its influence with this trade network own so. china is
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promising its partners bridge. but in europe there's a sharp morning whoever exceptional news from the new superpower becomes dependent on it china's gateway to your. starts feb 19th on d w. as the new plays a blame game over it sluggish vaccine rollout germany's angela makeover says there are of good reasons behind the delay and to whether or not the problems could have been avoided. as robinhood source has billions more in credits to help it through the red it's lead chaos shares in games take a dive this time as the big sell off they go on. and lock down no one no lock down into. liam's neat there pete we'll look at the various the current demick is given
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to italy's food delivery center. this is due to be a business on robots in berlin welcome to the program. european leaders are sticking to promises to offer coronavirus vaccines to most citizens by the end of the summer despite major delays so far in getting europe's vaccination campaign off the ground after falling behind on plans shipments faxing makers astra zeneca and the buy on tech 5 alliance agreed in recent days to increase supply to the e.u. so far just 2.3 percent of the population has received a 1st vaccine dose compare that to 14 percent in the u.k. and 8 percent in the united states alone monday german chancellor angela merkel said the german government was still sticking to a key target. we can say that our pledge that we will be able to offer a vaccine to every citizen by the end of the 3rd quarter so by the end of summer
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still stands. the e.u. has been negotiating for a very long time on the issue of liability and decided to bring all the responsibility to the political level and not to leave some of it to the manufacturers that is a decision that i support. but i speak to thorsten schmidt who is a procurement expert kirchhoff consulting who joins us from dusseldorf thorsten as a procurement to expert how would you rate germany's performance in particular in bank seems. well there are the performance of the german government has been very poorly and we do believe that a lot of the justifications which have now been happening in the last couple of days would have not been necessary if the conflict in the negotiation and the
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signing of professional agreements with the manufacturers of the vaccine would have been handled differently in general you can say that that the basics of all human contracts and agreements means that you have the right product at the right location in the right amount of that in the right time for a reasonable price many of these variables which are truly the foundation of any procurement contract as not been properly negotiated and therefore our own valuation in general is a poor performance by the german government as they transferred the responsibility to negotiate in finalize the purchasing agreements with the manufacturers to the european union but without a proper our monitoring and a in advance prior agreement truth several guarantees say anything the mistake was
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made by allowing the to negotiate on germany's behalf. i think that this is not a mistake if you are setting boundaries that by redefining and in advance making sure that certain criteria are part of the agreement of course you would as a different purchasing any or she a she strength but if you simply transfer that responsibility and afterwards you have a semiprofessional monitoring of this negotiation process this is not a good idea but having the german government and the you to some extent been at the whim of factors beyond their control for example you know the ability of the vaccine producers to actually give them the amount of vaccines that promise well certainly it is a very sensitive project and a very difficult time and if you are in august and you are negotiating with several
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manufacturers there is a certain level of uncertainty for the next coming months but we still believe that the e.u. with its purchasing power should have as an example negotiated a guarantee of a certain percentage of the production capacity which is not unreasonable to ask for if you are negotiating with european made that scene manufacturers lead to ensure that a certain percentage of the production resources are puny indicated to the e.u. countries this is not part of your dream and so is it too late to fix these problems. too late is with the with the kurds. once in a lifetime happening inside it. every media from my point of view too late
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on one hand certainly in reference to the individuals and that civilization which is currently going through very difficult times health wise and uncertainty in regards to family members vocal saying of course i'm trying to state away from each other but you have also the economic effect so too late is very generally need to be answered with a yes simply because if you are losing up to 60000000000 in europe's each week of caring team and the curve lockdown situation which again means up to 1.6 per cent of g.d.p. reduction within germany over only because because of one week i think we are talking about it is past 12 yes what austin schmidt from consulting thanks for giving us your view and europe. now for
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a quick look at some of the of the business stories making the news top french what would a vision league has failed to sell its t.v. rights for the 2021 to 2024 seasons plunging the sport in the country into a potential financial crisis the league's governing body says bids received so far have not been deemed high enough last getting round in 2018 brought in over a 1000000000 euros. russia says its economy shrank by 3 point one percent last year a smaller drop in the country's central bank a previously forecast across that statistics agency says the contraction was due to coronavirus lockdowns and falling energy demand hitting the oil producing country. american automaker ford will use google's android as its main operating system in future models the 2 companies announced the partnership on monday almost 2 weeks after g.m. announced a partnership with microsoft silicon valley is making inroads into the u.s.
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auto industry with the rising digital demands of autonomous and electric cars. vestment robin hood has raised another $2400000000.00 from shareholders to help it get through a liquidity crunch caused by the recent trading frenzy on the platform that's on top of the $1000000000.00 it raised last week robin hood which allows investors free stock trades was the preferred app for investors who had organized on the social media website reddit and conspires to buy up beaten down stocks such as video game retailer game stop investors' hopes to inflict damage on hedge funds and major investors who were banking on the share prices going down. as cost to our financial correspondent in frankfurt conrad susan conrad this is all well it all started off on the stock market didn't it so what's the start of this week brought. well the market has continued to be very very active
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rob. in terms of the share price of game stop though the price has gone in reverse it's lost 30 percent yesterday basically for 2 reasons reason number one is that trading platforms like robin hood continue to restrict trading with game stop shares they consider it to be too risky for their customers but also too risky for that for themselves for their operations reason number 2 is the original bet you know to create a huge short squeeze here or in other words to cause a lot of trouble to those large hedge funds who had speculated on affording share price of game stop this speculation has come to its limits of course the hedge funds have lost a lot of money they eventually understood what was going on and they eventually managed to reduce a lot of their risky positions so the bet on the short squeeze doesn't work the way
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it has at the beginning of all this. show. yesterday is the wind coming out of the sails of this particular storm. with this particular storm game stop probably yes but there are other you know shares who have gotten in the focus of investors for example german companies like the battery may call the biotech firm ever tech silver has gotten in the focus of this you know internet forum wall street bets and yesterday many of those gorilla investors try to do the very same thing with silver that they did with game stop the only question now is what as it is next you can try to repeat this mechanism with a lot of other assets to not be isn't in frankfurt thanks for joining us. next the italian government has lifted a series of strict measures designed to prevent the spread of the corona virus in some italian region's restaurants can now open at lunchtime and people can sit at
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tables and eat museums have also been reopening after 3 months of closure italy had already begun a national vaccination campaign it's immunized health workers and it's now offering jobs to people aged 18 and over but the pandemic has already changed the way italians live work and eat. when even sets in on the eternal city romans know it's time to eat it takes an army of delivery cycles to cater to them known locally as riders 28 year old james as always belongs to the 2 will cavalry squadrons which to fight traffic and cobblestones night after night. the traffic in rome is a complete nightmare there are loads of cars here and a lot of them ignore the regulations. and you've got all the potholes. and that's why it's very dangerous to ride through rome.
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coronavirus lockdowns have given a major boost to delivery services. which offer pizza pasta and on wheels straight to your front door. and james had to paint advance for the delivery so he's relieved to be paid in cash. and i was down when they had us and says we've been ordering quite often recently. i'm a student and i'm at home all day cause i can't go out very much a lot very much like to see it i'm a bit of it so i order something in the evening because i have to study if it is going to be that is what i want course on. her more than a 1000 writers and wrote all part of a digital web of delivery platforms union say their algorithms are relentless when it comes to distributing orders. who live at the foot of the sandals and the platforms use a mechanism which involves keeping as many riders as possible out on the roads who are all on coal to check on deliveries. and if orders go down it means each rider
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gets less work. but i want to make them. a tough job which james will be doing again tomorrow and eve by gladiator conquering the eternal cities cobblestones and alleyways and so for me in the business team here in berlin if you want more from us to check out our website you know we don't come slash business until next time. they dreamed of more rights and more freedom bringing them new does not treat them . in cheap should women in the arab spring we thought in 2011 that will be going away anyway going to. the harrowing story of the fight for liberation as told by 3 courageous women of rats part 2 closer. to. what secrets lie behind us was. to
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