tv Business - News Deutsche Welle March 4, 2021 7:15am-7:30am CET
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to requires an unambiguous account of events because only then can it declare the accused guilty or innocent this is an exceptionally intelligent film but also an uncomfortable one raising more questions than it can or wants to answer. this. year up to date on d.v.d. news i'm sarah kelly in berlin and thanks for watching. different. violent. here women are in charge. the archipelago has had a patriarchal system for centuries and. the rare form of society.
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differently. what do they do things with their power. and how sustainable is this culture. that includes over. starts more change on t.w. . a nearly 7000000000 euro loss for 2020 it's a record slide for germany's flagship carrier and pretty much predominately thanks to the pandemic so what does move towards a need to bounce back in 2021 we'll talk to our correspondent in frankfurt. also on the show google plans to partially phase out ad tracking on its web browser so what does that mean for users and for the online ad industry. and london doesn't look like london deep in the pandemic in 2 months out of the. the city is changing fast
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so is it an opportunity for the city to reinvent itself. hello and welcome to the show i'm stephen beardsley and bill and i believe that we're having technical problems at the moment if you could just bear with us we're going to get back to you as soon as we can we're working on those technical issues all right let's let's begin with futons a 6700000000 euros that's how much the german flag carrier lost in 2020 it's a record amount that points to a singularly disastrous year for the entire air industry now passenger air travel
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was virtually wiped out in the earliest months of the pandemic at $1.00 tons was operating just 3 percent of its flights and losing as much as a 1000000 euros an hour and for more on this we're going to go to chelsea de laney our correspondent in frankfurt i believe she's standing by at the frankfurt airport chelsea do we have you. all right there is chelsea delaney right chelsea good morning 1st of all 6700000000 euro lost a record lost do we expect this result to surprise investors or had they already factored something. well investors were braced for a pretty just stressed year for air for loved ones and that's exactly what they got as you mentioned huge loss over 6000000000 euros thought they also reported that revenue fell more than 60 percent passengers were just a quarter of what they saw and $29000.00 so really a catastrophic year for a lift in their annual report they've really tried to stress the measures that
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they've taken to help shore up their finances they said that for example. they cut about 28000 employees last year and they also were able to bring down expenses quite a lot of course they only really survived because they were able to get a 9000000000 euro bailout from the german government last year so they are really stressing how much effort they've put into it to really bringing down the costs of their business because they don't expect recovery in the next couple years and shows if they don't expect a recovery the next couple of years they can sing cause as much as they want but where does move tons of go from here at what point does it become a viable productive airline again. still tongues out once again today is saying that they don't expect the market to fully recover until 2024 and this year 2021 day they expect only about half of passenger numbers as
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before the crisis so there's expecting a slight recovery and 2021. effort said that vaccination campaign has gotten off to a very slow start here in europe lockdowns are being extended across the continent so a lot of the hopes that we've seen coming and it's 2021 for a recovery and the air market starting and particularly in the summer season are now really being a tempered because of this vaccination vaccination troubles there are you. for live tons of that means that they need to continue to shrink they need to continue to prepare for several more years of very difficult very difficult business conditions and now the question is really whether they will need more money at some point from from these european governments to help get them through this period all right charles de laney at frankfurt airport thank you very much and unfortunately we're going to have to wrap the show there due to technical difficulties we apologize
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it's good that we're able to talk to chelsea about those live tons of numbers that's it for me as always thanks for watching hopefully next time it goes a little bit better. it is still a lifeline thanks to the south african market have really really assisted. us and helped us to stay abreast of what's what's happening in the chosen industry we've lost approximately 50 percent of our staff so we had to retrain over 60 people and it was a very difficult. order to survive so we've also at the moment more than her feet. we are not flying at the s.g. at the moment when do you think of
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a tourism industry will get back on its feet again realistically 2020. come back and you must remember that the tourism industry is normally always hit the hardest but is the fastest industry back. now to the other stories making news the german government have pasta designed to hold companies responsible for human rights abuses in their supply chains german companies can now face fines of up to a smelly and euro's i'll be barred from public contracts if they ignore abuse on the environmental destruction carried out by their suppliers. us a talent carmaker fiat chrysler on france's p.s.a. both managed to make a profit in 2020 despite falling sales across the board the 2 companies which merged to form the still ounces group in january made around $2000000000.00 euros in profit each this opteron managing to keep prices steady during the pandemic.
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the european union is planning to extend pandemic aid for businesses for another 2 years the blocks $27.00 governments have already poured billions into emergency health care tax relief and aid for faltering companies while economies are starting to pick up reliance on government aid remains strong. here in germany the government is expected to extend its current locked into march 28th that's according to a widely circulated draft document which forms the basis for a meeting currently underway between chancellor angela merkel to the country's state leaders business reopening a major discussion point retailers want a path to full store openings especially in regions for case numbers are relatively low health officials fear new virus strains search for germany's vaccination efforts have been hampered due to delays in production and distribution here's
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financial correspondent chelsea delaney with more. the outcome of today's summit is likely to be a disappointment for many businesses here and germany a lot of industries such as restaurant bar hotel industries have been really hoping to get some sort of clarity from the federal and state governments today about when they will be allowed to open their doors again and stead what they've gotten as described by one industry official is the opposite of an opening plan the rules that the government is proposing are very complicated and many now are looking at this at this plant and not saying much hope for the forseeable future a lot of businesses have been counting on a recovery on a reopening by by spring by summer now all of those hopes are really being delayed once again. and one branch that's been especially hard hit by germany's lockdowns is the garment industry even in normal times clothing manufacturers can struggle to
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sell their seasonal items but with boutiques clothes and online shopping still a work in progress smaller fashion hides in particular are struggling to make ends meet. like all fashions most days spring collection has a pretty short shelf life yet almost the entire output of the saxony based fashion house is still in the warehouse orders from german boutiques have dried up and exports the sluggish slowly but surely more days financial resources are dwindling . if this continues until easter the season is as good as dead yet again because after that cutthroat price wars and gigantic discounts all flare up. that means profitability for us customers and the specialist traders hits rock bottom. more days c.e.o. thomas whistler is considering selling directly to the public after the lock down straight from warehouse to customer with discounts an attempt to generate at least some kind of revenue more day is only one of 160 struggling textile and clothing
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manufacturers in the region the sector association wants an end to the lockdown upslope will stop the whole thing in the shops again get back to normal life give the companies the space they need to become economically viable again. like. shopping zones are almost deserted her around $50000.00 retailers are on the edge of going bankrupt small retailers in particular simply aren't equipped to switch to online sales sales that women's fashion houses idle fell a staggering 70 percent year on year this january and february the family and company is over 100 years old it manufactures its collection in germany and sells it across europe to small than mid-sized retailers. retailers are asking why they should all. 2021 so right now as far as the numbers in their orders go the forecast is minus 50 percent. and minus 50 percent for
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a company of our size and probably every company our size is a gigantic problem using them as idle is hoping to generate a little extra revenue by making personal protective clothing for medical staff hospitals and politicians have been asking if he can produce it yet so far he's hardly been given any firm contracts. and it's not just german store owners that are looking for lock down restrictions to be lifted in the netherlands some cafes and shops have even defied to the rules and opened their doors to customers it's a risky move though of course doing so face a fine of fun for us. for cafe and bar owners in the dutch city of bread not far from the belgian border enough is enough all week long. for weeks now we've seen that the parks in the state ring so full of people no one keeps a distance everyone's on top of each other events are being held in the city parks and i want to show that you can also open up here in
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a safe and good way i think we need to i think belgian neighbors are ready for it to. go to the countries lock down rules came into force in october and more than 4 months later are still in place and of course there's plenty of customers took advantage of the protest to relive the good old days from before the pandemic . dozens of shopkeepers in the northern city of president event also welcomed costumers on tuesday to protest against the lock down rules. shop and barrow owners who open risk a 4000 euro fine and a criminal record to boot. the kind of not unusual for a queer sumant won't come to that but suppose 100 shops will open today times 4000 euros i don't think people in the country will take that very well. and that doesn't feel right. the protests lasted just a few hours after an official warning from the police led shopkeepers to close
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their doors again. but some of our owners held on until the bitter end. rafael show thank you so much for watching for you can also go to our website if you just need a comment flash or on social media as well for me and the team it's goodbye and take. down the economy. companies on the. revenue from the technology. and the trends is. cut out for most. consumers and it's being. made in germany. on d w. we've got some tips for your bucket list. manager
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