is knowing that. and young people clearly have the solutions. known. as 77 percent every weekend on d w o. with rising new infections in germany beating back the pandemic is proving increasingly difficult dire warnings now from the country's top health officials expect more sick people filling hospitals in the weeks ahead frustrations welling over across the european union a 3rd wave of more transmissible killed in 1000 variants engulfed much of the continent vaccines still hard to come by frayed nerves and growing resentment builds in europe's capitals and the e.u. still turn things around and leave iraq and this is the day.

it gets it or there are very clear signals that this wave could be even worse than the 1st 2 where. there may be $100000.00 per day with this prognosis doesn't it we run the risk of our health care system reaching its limits. this community for hospitals to be overburdened and for more people to die in the car the numbers are rising to test. each group sort of attitude especially the working population aged under 65 if you feel a sense of irish variance make things particularly dangerous offenders tend to kids and adolescents. and also coming up china u.k. relations on the rocks beijing his british politicians and academics what sanctions for shining a light on alleged human rights violations perpetrated against weaker muslims this

decision by the chinese government is extremely sad because it represents a real degradation in the relationship between chawner and you know given i would have hoped that china would recognize that those people are calling out human rights violations are on the side of the chinese people. to our viewers on p.b.s. in the united states and all around the world a very warm welcome to the worst as. perhaps yet to come we begin the day with a chilling warning from the nation's top infectious disease expert there germany's coronavirus infections could search to a record $100000.00 cases a day potentially overrunning hospitals and overwhelming health care workers germany's health officials prognosis for the coming weeks this 3rd wave could prove deadlier than the previous 2 like a runaway train the pandemic is running its course capping off what has been a turbulent week in germany's management of the response to the penn demick crisis

. just over 10 percent of all germans have received at least their 1st over 1000 vaccination in april 15 1000000 backs in doses will be delivered more than were used in the entire 1st quarter that's good news but the head of germany's disease control center warns that summations alone won't be enough to stop the 3rd wave that has just begun to pick up momentum. there are clear signs that this wave could be even worse than the 1st 2 we have to be prepared for the fact that the number of cases will rise sharply as more people will become seriously ill that clinics will be overcrowded and that many people will die we are only at the beginning of this development the number of occupied hospital beds has risen the outbreaks in nursing homes have declined and the number of infected seniors is low reducing social contact should remain top priority as of tuesday a negative test result is required before boarding a plane to germany. germany said entry regulation is not

a game changer for the 2 weeks of easter vacation the situation is too serious for that infections are happening because the virus has momentum at the moment the numbers are rising too quickly and variants make the situation particularly dangerous. this will be the 2nd year in a row that germans won't be allowed to travel over easter the government recommends families meet outdoors and keep a safe distance and our political correspondents and analysts shine as is tracking this story for us emma the warnings come at the end of a week oh we're chosen limit on how to cancel toughest fictions for the easter holiday and then ask the germans for their forgiveness for making that decision in the 1st place it's looking increasingly like germany is losing the battle against the virus. is that a looking like a pandemic that simply won't go away with very confusing messages and hesitancy

from the government when it comes to measures something that was true a year ago and still is true today is that due to federal nature of the government where the decision making is not centralized and this leads to march on talks between the chancellor angela merkel and the state premiers often they don't agree on the measures to be taken and how did they have to angle america had it been up to angle america alone germany would probably have known to have known harder locked down what it had now but the partial restrictions that we've been experiencing and to know simply haven't managed to prevent a surge of infections especially does due to do new variants of the virus or child more infectious what measures is germany taking and not to dampen the expected surge in cases well there's more testing being carried now and that can partially explain why does a surge in number of cases is linked to

a more systematic testing it's important because this testing allows to isolate people who have been in contact with people infected but of course at the more cases appear to more difficult they tease and will be to track back each person in contact with those new measures will also be starting on monday we systematically quest for a negative test for incoming travelers and we're still in the dark as to which additional restrictions might be taken on top of the current restrictions in place which will last until at least meet a clear meaning restaurants social socialization places remaining close and social distancing being asked out of the population and the inclusion of germany has issued covert $900.00 raval warnings for neighboring countries what more can you tell us about that. well 1st it would be to become mandatory for everyone flying into germany to show a negative test before boarding the plane even if they are not traveling from countries dazing mated us hirees that's one measure to 2nd measure as you mentioned

that's germany issuing a travel warning and a warning sending france austria the czech republic denmark because they too does neighboring countries as well i are experiencing a steep rise in the number of infections so there would be more border controls there would be more restraint shoes even if some had already been implemented but now people are coming into germany from those countries will have to provide a negative test that will be no older than 48 hours on the border and then they would have to go into a 10 day quarantine which can be shortened after 5 days these days show a 2nd negative test of course that kind of measure can be problematic especially for cross border workouts does have the political correspondent reporting thank you . but we stand the total solidarity with annoying individuals that were sanctioned today it's not going to

stop them or it's not going to stop the british government speaking up about the industrial scale human rights abuses taking place and should jang. that was the british foreign minister rejecting sanctions imposed on the u.k. on u.k. individuals rather by china and the parents bit of tit for tat after britain along with the european union the u.s. and canada sanctioned several chinese over allegations of human rights abuses in the muslim majority province while the chinese sanctions are aimed at 9 british individuals and organizations british prime minister boris johnson responded on twitter saying all of those targeted were shedding light on gross human rights violations china denies the allegations and calls jang an internal affair. well after announcing those sanctions against these british individuals the chinese government also warrant there could be further retaliatory action if the u.k.

did not change course joined by china is determined to safeguard its national sovereignty security and development interests and warns the u.k. not to go further down the wrong path. let's speak now to helena kennedy a member of the house of lords in the u.k. and one of the people that china has imposed sanctions on a very good day miss candy why do you think you were targeted well because i've been quite outspoken in parliament and beyond about what is happening to the museum we're in in china and i think that. calling out of china's behavior is something that is considered unacceptable to china it's not given to freedom of expression and now obviously this is not the 1st time that you did it do you know why in terms of the timing why now. now i've been working on on that issues issues to do with human rights and china for some years

i'm a human rights lawyer and i'm a barrister here in england and i and i run an institute of human rights and i also. member of the house of lords i'm a parliamentarian i'm in the legislature and we've recently been calling upon the british government to create. to make a decision about whether you should trade with a country that might be committing genocide and and the evidence has been coming through very clearly particularly over the last few years that what is happening to the weak there has all the pointer us of of genocide taking place that people are having their identity removed their sense of themselves as muslims as people who speak their own language. people who have their own culture that that's

not to be allowable incite. contemporary china and so they are experiencing terrible abuses of human rights on an industrial scale to use the words of our foreign secretary and so we were urging the government to create sanctions against leading chinese officials and we were calling upon our government to have in mind when they are making treatment go see asians that it would be absolutely abhorrent to be trading with a nation that was conducting a genocide well let's talk about that i want to play you something that british prime minister boards johnson said last week before the announcement of today's sanctions about china take a listen. there is no question that china will pose a great challenge for an open society such as ours but we will also work with china where that is consistent with our values and interests including

building a stronger and positive economic relationship and in addressing climate change. now mr kennedy a premise of course johnson there straddling 2 things and all fairness is not the only western leader to do this decoupling human rights issues from economic interest is it possible to compartmentalize values and trade basically have you know the cake and eat it as well. i think i think that every government is faced with this kind of challenge and of course nations insist that their sovereign and what happens within their own boundaries. their own borders is no business of anybody else but it is our business when it comes to egregious human rights abuse abuses and we're not just talking here about minor crimes we're talking about really egregious and serious crime and. you know

we learned from the holocaust that you can't be a bystander you can't basically close your eyes when something terrible is happening in a country and it is it is right and proper that we should step forward and say what you're doing is unacceptable not i too want china to come into the embrace of international order the rules base that we were it's created after the 2nd world war i to want them to collaborate with us not just on climate change which is so pressing but also on trade but they can't do that at the can't have it always they can't do it if they break this the rules that were created to make our world more harmonious and more respectful of the humanity of everybody and what they're doing just not in china to do we care is it to my mind is not a cumulative lay meaning that there is

a genocide in progress but what genocide convention says to us is that and what we sign up to this is what we sign up to is that we're to prevent a genocide from happening not to wait until it has happened and so the giusti is on us. thank you so much very much helena kennedy a member of the house of lords in the u.k. for joining us. now the giant freighter called ever given is still stuck in the suez canal completely blocking one of the world's most important shipping routes it's created quite a traffic jam with over 200 vessels waiting on both ends and for those ships to detour around south africa's cape of good hope it would mean nassib delays on this one ship is costing the global economy billions since much needed goods can't be delivered. they're doing what they can but the $400.00 metre long container ship

won't budge diggers are at work on the bank alongside a vacuum excavator which can suck up to 2000 cubic metres of sand an hour no one really knows how long it'll take to dislodge the ship estimates and when the vessel could be freed very from a few days to a few weeks in the worst case but what i am quite surprised and maybe what i would maybe it's. if they're not successful in getting the best athlete then the next best option is dr lee like the best and the injured means they will have to brings all of the doctrine of us those next to the ship and start off loading part of the darkness from the make sure it does what it wants so that area busy offloading the meat of the vessel in order to get it refilled it not for a lengthy salvage process would have wide reaching effects on the prices of already risen due to the many oil tankers caught in the suez traffic jam supply chains could also be affected because of missing ponds yet it's it's an absolutely

essential part of our modern life and this webcam would not have reached me without modern shipping and this computer and pretty much everything on my desk because shipping still brings us 90 percent of everything and i think communicate 95 percent of everything and we are absolutely fundamentally reliant on. the massive container ship has been stuck between the suez canal bank since tuesday blocking the waterway which is critical for trade between europe and asia the incident is now a historic event for the 150 year old can now. historic events indeed for more on this story i'm now joined by journalist rose george you just saw her in that report she specializes in the shipping industry and actually sailed the suez canal on a cargo ship so good to have you with us mistrust before i ask you about this massive maritime traffic jam that is giving off the global shipping business sleepless nights what was it like to to traverse the suez canal and how long does

it take from one end to the other. i'd really like to say that it was really exciting actually before who truly arrived at the crew told me in very uninspired tones that it was just a ditch in the desert and that it was very boring and i didn't believe them and i was still pretty excited because it was the serious canal you know you've heard so much about it i mean we've had a war about it in my country. so i was i was really excited but actually i'm afraid that didn't last very long it lasted a couple hours and once you start seeing the sound of the palm trees and more sound and look on trees and then horse and will treat that it goes a little bit less exciting but having said that i mean we were going through pretty slowly we were in a sandwich of ships so you go down in a convoy you trundle that canal very slowly and it's kind of sedate and serene in a way because it's very quiet i was rereading my ship daryn and i i noted that you

actually hear my footsteps on back which i haven't been able to for a long time because ships are quite noisy they have these huge engine it is no longer sedate 'd mr orange it's no longer sedate everybody is worried in a nutshell what why why all the concern. well this is a massively important trade route it carries what 12 percent of shipping trade and shipping brings us 90 percent of global trade so that's a huge issue i think a lot of people are very worried because of the oil that travels through there because obviously it's a choke point between the gulf and where the oil the oil customers on the other side of this is canal so they're all worried about people worried about home as people are worried about oil one thing i'm not hearing people be worried about are the crews there and there are a lot so you know there are 200 ships now and current and all these crews are going to be on fixed term contracts and when you're on a fixed term contracts and you're working on a ship away from home particularly through

a pandemic you're going to be counting the days that you can pay off and go home and see your family and all these crews are going to be seeing their time mount off mount up amounts up and they're not going to be able to take that time off interview or anything not to be stuck on board. now which vessels are normally allowed to travel the suez canal i mean it is is there a specific type of vessel that is allowed to traverse the canal while it's usually boat cargo container vessels and or ellen ellen g. vessels and it's more about the weight and they were the width and depth of the ship so the draft of the ship so it would depend see the canal is a certain width and you can't have ships that perhaps would get stuck and now back in 2015 egypt expand that the canal just put this in perspective for us how important is the suez for egyptian authorities. massively important it's

a huge money spinner several $1000000000.00 of income a year in the gyptian government needs that. and it is very very proud of the canal and the canal is very important to the egyptian economy and i think the egyptian national pride as well so i am pretty sure they'll be a lot of people working very hard to get this moving again right now while shipping companies you think consider alternative routes in the near future i mean will the suez essentially be seeing less traffic because of this incident no i don't think so i think this is a unique it's a unique incident hasn't happened before the have been ships have hit the banks of the canal but there's never a far as i know there has never been a ship that has been blowing sideways and blocks in the same way which is why it's taking so long to shift because it's just an unprecedented sets of circumstances now once this is freed cannot will be back to business as normal i'm sure now the syrian suez canal is here as we started our conversation i mean evoke so many

different things for different people what is the one thing you would like our viewers to know about the suez canal without the suez canal and without global shipping you and i would not be talking because i would not have this computer i would not have this webcam i would not have most of the things in this house neither would you we probably wouldn't have the clothes we were wearing we wouldn't have a breakfast cereal we wouldn't have off rose and food and i think people are very unaware of how dependent we are on modern shipping and i think people think of it as a sort of old fashioned history that's just because it's now kind of out of sight and out of mind but we are absolutely fundamental reliant on shipping. journalist rose georgia thank you so very much for joining us. in russia the kremlin has been tightening its grip on social media platforms this

month the country's media watchdog threaten to block sites like twitter if they filter banned content and now a video sharing platform to talk is on the kremlin's radar as well. time could be ticking for these bloggers the unlikely new enemy for the kremlin. the social network is mostly about entertainment with videos of cranks and downs. but this month at a meeting with the police russian president vladimir putin made it clear he wants the authorities to be watching anyway. unfortunately we all know what the internet is and how it is used to promote unacceptable content it's critical for you to unite with other government agencies in order to monitor the web and be more proactive in identifying people who are dragging minors into committing illegal actions the fact that minors are being dragged into illegal on authorized street

protests as well is of course a violation of the law. and. take talk in particular has been on the authorities radar since the return of opposition politician need to russia his arrest in january caused a wave of opposition protests across the country and a sudden explosion of politics on to talk. dangerous film themselves at schools replacing portraits of putin with portraits of. another ticked off trend was videos of teens getting ready to protest and telling their parents they might get arrested. russia's media watchdog responded by calling on tick talk to block videos calling for unauthorized protests and last week threatened to block social networks completely if they don't come. why with russian laws. but these moscow to talkers want to keep dancing to their own tune without thinking about

politics every week the bloggers meet at this so-called to talk house with their producer to consult about their accounts and collaborate with each other to stay on trend talkers like that i need of a film 2 to 3 videos a day the 17 year old thinks the videos about politics were just a short lived trend. too much politics on tech talk i went on there during the protests and there was none of the usual content in my feed it was all about politics not viney and putin for whom it freaked me out i stayed off to talk for a few days. going to cygnus blog. also says she doesn't want to talk to become a political platform. talk is a social media platform for self-expression there's so much negative stuff around us already on state television and so on if that stuff is on tick talk as well then we'll just drown in all these problems something has to stay neutral.

but being neutral may soon no longer be possible according to my potential he's one of the owners of the p.r. agency promoting these bloggers. most bloggers are not for point and are against him they're just doing their thing but when they're told they're freaks when they're stigmatized these bloggers start feeling they're outsiders in this country and that's what makes them feel angry at the government. for now these 2 talkers are steering clear of politics but even they know that the kremlin will be watching closely if they ever get out of step. that was the day as ever the conversation continues online you can find us on twitter eager as you know in years or if you like to you can get in touch with me directly at les a lot parag i wish you

a fantastic weekend you can reach out. to

the point. clear position on the international perspectives of. labeling vladimir putin a killer accusing china of genocide against the regular people the biden administration come sons russia and china become the you. westwind that's our topic on to the point. to the point the talk of the t.v. the minutes on the dollar euro up. more than

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this is you don't reduce life for berlin said back in the suez canal operators feel in their latest bid to refloat a stranded cargo ship diggers drudgeries and towboats have been trying to free the vessel for days hundreds of ships are now stuck in a maritime traffic jam causing a major headache for global trade also coming up tragedy on the tracks at least 32 people are killed over 100 more injured in a high speed train collision in chips. plus the worst wave yet some health

officials sounding alarm over the country's president calls it 19 search they warn it could prevent food deadlier than the previous to. give you so much for your company everyone experts are warning it could take weeks to dislodge a huge container ship blocking egypt's 2 is going out for a fresh attempt a day to refloat the vessel was not successful around 30 percent of the world's shipping container volume transits through the canal daily more than 150 ships are now backed up waiting to enter the waterway so as canal opens up a 7000 kilometer route from asia to europe the only alternative routes around the horn of africa is much longer but many ships are now opting for that detour apoel long closure of the suez will almost. certainly impact global trade it's already

been hit hard by the pandemic. let's get some more details on this developing story you'd like to welcome now dr sell them our call ya know he is a maritime historian and a former merchant mariner mr michael yon a very warm welcome so far attempts to we float this massive 220000 ton giant have been unsuccessful besides the obvious size problem why is this such a complicated mission. it's complicated because of the position the vessel is in she hit and ran herself literally impaled herself into asia and her stern is hung up on africa and she's hanging between them in the suez canal puts her in a very big kerry's position with the weight of the vessel on its ends you have to be extremely careful about putting was called longitudinal stress but basically you don't want to cause the middle of the vessel to 2nd crack begin to leak or flood or

worst case catastrophic lee fail they already have flooding in the forward sections the forepeak in the balthasar rooms they want to be careful about minimizing further damage to the vessel and i understand that you believe there are signs now that dislodging the vessel might actually take longer than an initially thought why has that. well we saw the parent company evergreen begin to route their vessels around africa so that's a clear indication that they think this may take a long time we know the anchorages are filling up south and north of the canal so even if they were able to clear the canal immediately there would still be days of backlogs of vessels to get out there the gyptian have begun to dredge along the foer section of the vessel on the port side the north side of the vessel but the survey company smit probably would want to do a full survey of the vessel there's there's a danger of going too fast and potentially endangering the vessel they don't want the vessel to shift they don't want it to roll in they said before they don't want

to cause further damage that would expand this but at the same time the egyptians want to get this vessel out and you know official in egypt today talked about the fact that the canal be cleared in 48 to 72 hours i think that's optimistic beyond what the capabilities are showing us right now now the cargo industry as you know has been trying to maximize profit in recent years by dispatching big and bigger ships with smaller and smaller cruise was this that disaster waiting to happen. well in many ways this this event was brought on by the last closure of the suez canal in the kloof suez canal closed during 1968 and you had the 8 year closure for it the maritime industry had a route around africa and they started developing these larger vessels of what we call economy of scale let's put more cargo want to single vessel instead of across several vessels the suez canal was expanded in 2015 to specifically to handle a vessel like the every given and again our economy we demand you know low costs

transportation and the way to afford that is by creating these larger and larger vessels and the question is was this passage of the ever given through the canal prudent at the time if they had concerns about high winds as the company is saying then the pilots on board should have been aware that they should have taken the vessel into the canal it vess was only about 5 miles into the canal at the time. very complicated stuff there dr south america yeah no i thank you so much sir for enlightening us thank you. in egypt where at least 32 people have been killed and scores more injured in a high speed train collision in central egypt authorities say the crash was caused by people triggering emergency brakes on the leading train presidents have a warrant that anyone found responsible well for serious consequences. twisted steel and mangled carriage is green proof of the date the impact of 2

trains colliding in egypt so hard province. yet make good on the not and no one passenger lifestream the immediate aftermath of the crash. and nationalize the trade has been in an accident is so hard people are dying help us help those people are stuck together why is the help people are dying here i'm sure you know god rather than i do not oh there's not another very good let's just move people will die people will die in the train the train was turned over with people in it. and. when help did arrive it was too late for many. i mean this is quickly filled with lifeless bodies lifted from the wreckage. authorities say the collision happened after someone pulled the emergency brakes on one of the trains causing at least 2 carriages to overturn.

egypt has been marred by train accidents in recent years its poor safety record is blamed on a crumbling infrastructure and insufficient maintenance. this is unlikely to be the last tragedy to unfold on egypt's railroads. you caught up now with some of the other stories making news this hour u.s. president joe biden says china's thing and russia's vladimir putin are among 40 world leaders but he's inviting to a summit on climate change mr biden has made the climate a top priority of his administration the virtual summit is planned for april. when mars military has warned that protesters are at risk of being shot in the head activists against a coup have called for a huge show of defiance on the country's armed forces day on saturday at least 320 people have been killed since the military took power on february the 1st. france bears a moral responsibility in the 19941 genocide that's the conclusion of

a report commissioned by the french government some 800000 tutsis were killed in just a few months the report found that france under then president falls from the devil was blind and too slow to respond but it cleared france of any complicity in the slaughter. officials in bangladesh say at least 4 people have been shot dead during clashes between police and demonstrators many are protesting a visit to bangladesh by indian prime minister narendra modi to celebrate the country's 50th anniversary of independence critics in bangladesh accuse mr modi of stoking anti muslim sentiment in india. the german health officials are warning that the 3rd wave of covert 19 currently gripping the nation could prove deadlier than the previous 2 they're urging the public to limit social contact over the easter holiday to slow the spread of the virus while more than 21000 new cases were reported on friday that of germany's disease control center says the highly

contagious u.k. variant is now the dominant strain of the virus in the country. we are facing some very difficult weeks we are at the beginning of this 3rd wave and it's triggered by the variant b 117 which we know is even more contagious an even more dangerous and therefore it's even more difficult to contain. there are very clear signals that this wave could be worse than the 1st 2 waves and that was low tar heel or the head of the robert costa institute speaking earlier today in our political correspondent russia's is on the story emma a very chilling message there from germany's the top disease specialist so why now . well the situation in these ferry wearing indeed here in germany germany hasn't had a surge wave the infections are on the way up and mostly you mentioned it due to various

to be 117 variant in particular is more aggressive more infectious down to a regional virus and it spreads much quicker and it spreads among younger generations and that combined with a tendency of losing is of it loosening of restrictions have led to a spike in infections almost 22000 new infections another 180 deaths today in a nationwide 7 days incidence rate of 120000 in maggie tens at these prompted this warning that we've had just before and this really shows why this tough weeks lying ahead of us here in germany and are more cases being detected because free testing rapid testing is now readily available. well more testings is bound to lead to more positive results but regardless and these has been confirmed not only by. whom we've just had but also by the

chancellor we are witnessing the exponential growth of infections he has missed a young warned that if things keep going that way well the hospital sector could reach a breaking point during a period if nothing changes today or yesterday i should say the chance to called on the germans to be more optimistic and now we're hearing from the top doctor that you know brace yourselves what's the message. i think is true that this week has been confusing for many here in germany what i'm going to america said was that there was hope in the form of a vaccine she also reminded that even if the german the entire german population of european population was vaccinated well it wouldn't mean the end of the pen they make because by definition well this is a global issue and the other countries don't have the means to vaccinate their own people then the virus might for you appear any time anywhere but here in germany and as a very slow rollout in terms of vaccination only 10 percent of the people got their

1st shots here in germany so i'm going to go the chancellor said there was hope even people who kept on observing social distancing and bans it basic rules of hygiene but the issue that at this stage it's hard to see the light at the end of the tunnel to be a political. reporting thank you. now the 2021 now formula one season starts this weekend with the bahaman concrete last year or so lewis hamilton win a 7th title tying the record set by german racing greats all this year hamilton is seeking a record ace championship but he'll have to get past another schumacher to do it son nick is among the competitors. the stage is set in bahrain for the return to formula one of one of the biggest names in the sport's history os driver make sure her will make his debut this weekend. i'm happy to be here i'm happy to

grow to have brought back the name into formula one you know the see i've done it with championships on my back so you know we've proved that i'm able to drive race car. 22 year old schumacher is last year's formula to champion and before that he cut his teeth in formulas $4.00 and $3.00 now he's arrived at the highest level. of my pos and is like you know the proper red one pastas just like well you know it's amazing i remember seeing my dad having one and i was like always i want to one but i was had to get one but anyways i have one now and it's amazing in i'm really looking forward to it. schumacher senior made his debut at the same age exactly 30 years ago he went on to win a record 7 formula one championships. that record was equaled last year by the driver of this car. and now lewis hamilton is looking to go clear with an 8th title

. of the rive more excited i think than i have in a long time. but the city going to succeed if we get going we're going to have a real great battle one way or another. that's what i've always loved. but in bahrain this weekend all eyes will be on the heir to the schumacher dynas. as she takes his 1st steps on racing's biggest stage. whether we remember them or not we all spend part of our sleeping hours dreaming while now scientists in brazil think octopuses do as well researchers observed an octopus sleeping at the bottom of its tank change color while its muscles twitched and ari's. all this led the observers to conclude that octopuses may go through a state similar to the rapid eye movement things of sleep which was thought to be unique to mammals and birds well now the fox forces can dream that just leaves the

question what are they dreaming about. coming up next to my colleague stephen that previously we did have a you were a business news i'm my own hockenberry i wish you can fantastic weekend until next time get back. to. this group who could ever know for sure that it was. in support. of a. degree of. 360 that's a good bunch of the queen because i want to see if germany would make the last few years have been quite override early. on very little of her luck when it comes to

german beers and of course always look right in the eyes for a fish perhaps the picket signs a new hobby of mine i'm going down the river and i love to be in the news there are pros in their account but when you feel i'm not the giving you realize it cause it's just another way of living are you ready to meet the servant entered me. $10000000000.00 a day in lost global trade that's the cost of the jam up in the suez canal ship operators and businesses are now considering their options as they accept the likelihood of a prolonged closure of the trade route. on the show can a small finance platform shake up one of wall street's most exclusive rights to i.p.o. look at a plan to put amateur traders at the same table as the big investment banks. welcome to the show m c beardsley in berlin it's good to have you with us

businesses shipping firms and governments around the world are beginning to think through the consequences of the suez canal that could remain blocked for weeks container ship ever given remains tightly wedged between both shores blocking one of the world's most important shipping arteries is so bad that the c.e.o. of major shipping company a.p. moller mask told the financial times that goods urgently needed would have to be reproduced and air freighted all ships that are already there at the canal will have to wait about $200.00 vessels are waiting on both sides of the canal a number that's only expected to grow so what are the options while taking a detour would lead to major delays have a look at this map there is the link and route of the currents route from the arabian sea to the mediterranean about 7000 kilometers from the arabian sea to mediterranean ports now the alternative is the way around the cape of good hope that extends the route to a whopping 20000 kilometers assuming the freighters are traveling around 25 knots or about 45 kilometers an hour that's more than a week to the journey. the stuck ship is costing the global economy billions as

trade is the late and desperately needed goods cannot be delivered governments including the u.s. are even though offering their help. they're doing what they can but the $400.00 metre long container ship won't budge diggers are at work on the bank alongside a vacuum excavator which can suck up to 2000 cubic metres of sand an hour no one really knows how long it'll take to dislodge the ship estimates and when the vessel could be freed very from a few days to a few weeks in the worst case but what i am quite suppressed and what i would maybe it's. if they're not successful in getting the vessel. then the next best option exactly like the persons of interest means they will have to bring all of the donor had a bacillus next to the ship and start off loading part of the darkness from the major bit of a smaller one so that if you're busy you offering them aid on the vessel in order to get it refilled the bathroom

a lengthy salvage process would have wide reaching effects on the prices of already risen due to the many oil tankers caught in the suez traffic jam supply chains could also be affected because of missing ponds yet it's it's an absolutely essential part of our modern life and this webcam would not have reached me without modern shipping and this computer and pretty much everything on my desk because shipping still brings us 90 percent of everything i think communicates 95 percent of everything and we are absolutely fundamentally reliant on. the massive container ship has been stuck between the suez canal bank since tuesday blocking the waterway which is critical for trade between europe and asia. the incident is now a historic event for the 150 year old canal. or for more this i'm joined now by klaus brett's he's managing director of the german maritime center and hamburg that's a think tank for the maritime industry plus is good to have you on the show we

talked a little bit about the costs you know generally speaking that are building up from a shipping company's perspective what are the daily costs that they're seeing that depends on the same results or so so maybe for a wrestler who has 3 cells and containers. the cost per round between $25.00 souls and also result in toss which will occur every day. no revenues against it. who eats those costs i guess the shipping company is responsible for it so it's. the shipping companies a great problem because the customers also should be in companies only pay you present transport and not for the problems you're going to transport also containers what about insurance going to be insured for these kind of delays i mean surely there are acts of god i don't know if there's anything for a ship stuck in the suez canal. we have and these times

a lot of delays therefore it is not old to have insurance for us we have these times very specific situation because since october last year or since september last year also west those rules imposed very good utilized there was a lot of cargo on the way and therefore oh there is no capacity really in light of. that is coming out in respect was endemic. as well there are some other problems which across. in this case so is a big problem in d.c. times when something happens like this and this was kind of so businesses are already paying more to see if these containers now prices could go up it sounds like if things are even more pension what point for a ship does it become more attractive to take the cape routes when you're looking at what's going on elf. route around cape of good hope it will take

round about. 8 to 9 days' time when you compare it to. our route through the suez canal. we have now to see that more than $200.00 wessels awaiting more spoiled and sells bones. and trunk also assumes can. only being for an example. if it is possible that tomorrow the camel will again open it will take rob out for up to 5 days maybe more if it is possible to go again and are not always through the count so we have to consider as boat. of the congestion of the canal and therefore it might be. a good decision to go around the cape of coteau.

then oh no occur additional costs because a longer trip will have impact on the cost of a wessel and a small it will occur a cost because long trip will have on consumer. reza no good solutions visible at the moment plus bret managing director of the german maritime center thank you so much thank you. let's take a look now at some of the other global business stories making headlines. britain and the european union have agreed to cooperate on financial services regulation the deal will create a framework for voluntary cooperation and establish a regulatory regulatory forum the agreement removes some uncertainty for one of the u.k.'s key financial industries it is not however expected to address equivalence which would allow london based firms to operate in europe. the european medicines

agency has approved 3 production sites for the astra zeneca by on tech and modena jobs for supplying the e.u. all 3 vaccines already have approval the new decision authorizes the production sites themselves the approval could help ease the shortage of jobs in the bloc. folks bargain is suing its former c.e.o. car company seeking damages from martin venter corn saying he breached his duty of care by meeting the company into its diesel emissions scandal that scandal has so far cost the company over 32000000000 euros. the u.s. has handed sudan a loan of over $1000000000.00 to clear its debts with the world bank a paves the way for the world bank to head up grants to sudan worth a total of 2000000000 dollars for development projects according to a government statement. while small online lender has big hopes of disrupting one of wall street's biggest rites of passage i.p.o. correspondent jose luis de harlow is here with more from new york was it good to

see you tell us what sticks out about this plan announced today by this platform lives called social finance incorporated working tell us. some things stephen a diverse one is that the sofa it's not the only one trying to achieve these so it's robin hood and actually bull the companies are about to become a publicly traded companies that subs and also build defend what they call is the democrats of investing and regard it's true that the i.p.o. market is a very interesting and old. sometimes very profitable one that it's only reserved to institutional investors normally retail investors mom pub and big investors cannot accept previously to the shares of a company about to become popular publicly until those shares of stock trading so they can means in some profits these happens at a time that the i.p.o. market here in the u.s. he says still booming india are about to close at their busiest at 1st quarter

since 2000 and also their best their 1st quarter ever in terms of money raised to about $40300000000.00 all right we've heard a little bit lately about the democratization of investment with the whole game stop rally but how realistic is it really for the little guys want to see at the i.p.o. table that's that's big money it is stephen and actually we need to wait and see a sense a actually the details from so fi and robbie who are as still as scars actually so far i just said that users might need to have $3000.00 in their accounts to achieve these are to access these services but traditionally as you mention big wall street banks that normally orchestrating the whole process of an i.p.o. with a company i do ones that are in charge of distributing those shares that before their company goes public at so it's very difficult to see these are small 2 platforms trying to disrupt the status quo and also depending on their plans they've made

they might also need debt blessing from regulators here in the u.s. jose luis de haro following the davids versus the goliath's in new york thank you very much. and finally with movie theaters close still many of them due to the virus many of hollywood's blockbuster films are gathering dust until pandemic restrictions ease but one munich auction house can offer some consolation perhaps online bidders will have a chance to step up a piece of movie magic on the lots a piece of kryptonite from superman returns. hugh jackman's wolverine claws and iron man's famous guess superheroes are the theme here but a muddy stormtrooper helmet from the force awakens as the highest price tag expected to fetch up 212-0000 euros. all right here's a reminder the top story we're following for you. shippers and businesses are changing their plans as efforts to free the giant ship ever given from the suez

canal to little progress 200 vessels are currently waiting for passage with delays in trade expected to run into the billions of dollars. right that's it for me and he will be visiting here blend to check us out online for more complex business from stephen beardsley was watching. to the point of strong opinions clear positions international perspectives. labeling that image putting a killer accusing china of genocide against the recall of people the biking administration confronts russia and china become the us when that's our topic on to the point. to point. to 60 minutes of t w. e sleep. carefully

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what should be done with the stone or from africa. this is being hotly debated on both continents the. stolen solo bomb d w. this is due to be news africa on the program today the favorite of real threats facing africa's elephants conservationists have warned that some species of the giant mammals off a step away from extinction. is the name of it. and we will bring you the story behind the giant fresco that has been painted on this beach and many .