well it's a done deal the european parliament approves that you use toast to trade talks with britain but much remains on results between brussels and london. is bouncing back from the pandemic but some parts are bouncing higher than others will find out more from the asian development bank. and is portugal set to be called that europe's silicon valley. this is the w. business i'm joined now the one in berlin so happy you can join us the european

parliament has finally ratify the trade deal with the u.k. nearly 5 years after britain voted to leave the block the trade pact had actually been in place since january but only provisionally since then however there's been some serious economic fallout. major traffic jams on borders that were once wide open customs for maladies and checks not seen and decades that has raised considerable trade barriers between the e.u. member states and britain a survey by the british chamber of commerce and germany and k p m g shows that half of all e.u. companies affected are seeing lower turnover while one in 6 companies here has decided to completely abandon trade with the u.k. . many lawmakers also regard with sadness but on wednesday of the mood in both brussels and london was one of celebration after each you parliament overwhelmingly ratified the deal. european council president charles michel

said he warmly welcomed the vote on twitter so did britain sparks that minister david frost who tweeted hope we can now began a new chapter together as europeans characterized by friendly cooperation between sovereign equals but friendly cooperation could prove difficult even burst have already accused britain of not abiding by the pact citing lax border controls and fishing rights abuses it could be some time before the dust finally settles on blacks that earlier i spoke to maria de mer says she's the deputy director at frugal and economics think tank in brussels i asked her if the stratified trade pact meant a return to harmony between the u.k. and the e.u. it's a working relationship we always knew that it was going to take a long time to come to the final deal and by that i mean to a final steady state relationship between the 2 it's an agreement we have something as a basis to build on and this is exactly what it is how harmoniously will turn out to

be depends very much on abiding by it and we see that there are hiccups along the way to banking news now deutsche bank has surprised investors with its best quarterly profit in 7 years germany's largest lender earned nearly 910000000 euros thanks to a strong performance in its investment banking division the figure is a big improvement over the $51000000.00 euro profit it posted in the 4th quarter of last year. for more let's bring in conrad blues and our financial correspondent in frankfurt conrad the shining results were they were a surprise for what. yes they were a bit of a surprise you know after this r.k. goss hedge fund went down and cost so much damage for example. also today u.b.s. reported that it has seen its results being hit by a 775000000 euro blast one could have thought i would have thought that the

2 would say something i would admit would have to admit to some of those losses but no doubt says that it only has had. in material damage and that it has managed to sell a large chunk of shares shortly before the problems that are credos started so this time the bank managed to prevent all the trouble in the tiriel damage sounds pretty mysterious to me but conrad after years of heavy losses does this finally mark a turning point for the bank. this is definitely in the porton point in the way back for deutsche bank into you know the spotlight or into decent business making but there are still a lot of you know open questions of torture bank let's not forget the supervisory board only recently a member had to leave the board because he had been too close to wire card.

we have to be careful with deutsche bank there's always the potential that something else comes out there but yes so far this is a very positive step forward. conrad who isn't reminding us there's always a story with deutsche bank thank you very much for your insights. asian economies are bouncing back from the cove in 1000 pandemic but at very different speeds that's the key takeaway from an asian development bank report out today economic growth across asia is expected to jump 7.3 percent this year after a 0.2 percent contraction in 2028 but economic fortunes are diverging across the continent china is set for a strong rebound this year thanks and part to booming exports the rest of the world but growth will be much lower in the tourism dependent economies of the pacific and southeast asia meanwhile the threat of coronavirus still looms large especially in india the a.t.v.

has project that it will see one of the strongest economic rebounds with 11 per cent this year but india is now battling a record surge and virus cases costing many lives and livelihoods for more i'm joined by abdul ib odd he's the director of the macro economic research division at the asian development bank in manila welcome to to the show let's start with india how much do you see this current surge in virus cases impacting india's recovery. it's obviously a very serious concern obviously both at the social level but also at the economic level so our forecast is as you noted 11 per cent for this for fiscal year 2021 and we think it's actually still achievable despite this resurgence for it for 33 main reasons. the 1st is that. a large part of growth this year is actually a base effect it's your growth this being compared to

a very weak 2020 the 2nd is that even with this resurgent cold wave in india. the controls are going to think the constraints being put in place are more targeted than selective and unlike the large scale lock downs that were put in place last year so one indication of this is mobility indicators mobility no. 2030 percent but that's still much better than last year when mobility was down 60 to 70 percent below ramble and the 3rd wing for india is it it has won it one of the better vaccination programs coming along in asia $3000000.00 doses per day is what they're averaging now so they're on track to hit their target of $300000000.00 facts and doses by august and widespread vaccination by next year so those are the things obviously it's a downside risk to our forecast but we still think they can hit sent so there are

reasons to hope for eco for india's quick recovery now your growth projections they seem high but is that only because of how deep the recessions were last year that's that's a large part of it so you differ in many cases it looks the the growth number looks rosy but it's most most economies actually will not get back to their pre-planned emic trend there are a few countries you mentioned china where basically they've been benefited both from keeping code 19 under control and benefiting from strong global demand for things like medical supplies and electronics vietnam's another economy that's doing very well. well how worried are you that the coronavirus crisis will lead to permanent economic scarring in asia. it's something we highlight in our report there are not many channels through which this going to happen one is public and private investment has declined sharply and that will obviously affect

productive capacity in the future on the human capital side you know unemployment you will have and the more prolonged of this you'll have people dropping out or losing their skills and one thing we feature in our report is the impact of prolonged pandemic induced school closures the meat that the students will just based on closures to date will do something like a 3rd of a year of learning and this will affect future productivity and earnings to the tune if. today students will do something like $180.00. in lost earnings per year that's about a 2.4 percent decline if you take the present value of that it's about one in 5 trillion dollars or about 5 percent of last year's g.d.p. so it's a serious a serious concern obviously especially if that band and indeed thank you very much a deal i'd be out as director of the macro economic research division at the asian development bank thanks for your time today. 10 years ago during the

global economic crisis thousands of young portuguese had to go abroad to find work there were no jobs for them at home but now the country of 10000000 at the extreme southwestern tip of the continent has become a top location for european companies portugal might just be turning into the european silicon valley. portugal 2nd biggest city porto is the country's industrial center critical checkmarks employs hundreds of specialists that is office next to city hall the company has been making software for a german carmaker b.m.w. for 3 years. infotainment we do a lot of platform work in infotainment systems but we're also developing completely functional modules for entertainment and navigation and we've got your own for ya think your spam who developed the b.m.w. joint venture all roads lead to portugal portal god filing your few years ago portugal made

a very good strategic investment by saying we're going to invest heavily in the scientific sector and the computer science faculties at the universities. we visited some 160 companies have settled in portugal in recent years drawn purely by these well educated college graduates in the process more than 60000 new jobs have been created most of the employees are portuguese like carla oliveira who works for critical tech works and knows how much the job market has improved through you know you. guys and the university 10 years ago i know how hard it was to find a job back then and that's why i can now say that real opportunities are opening up in portugal both for us portuguese but also for foreigners who might be country as most of my put up source for a total cost on. engineer nelson pinto says porto is an attractive location he can be on the riverside in less than 10 minutes but he's especially proud of his work. it's great to see how our german colleagues they've been us has grown over 2

years. on they can now see what we're capable of here that's the thing but as. more and more mid-size firms are starting to appreciate those talents swiss company barracks is now developing audio streaming devices and i get all south of port au i was a minor although in my experience regardless of whether it's dharma technical university e.t.h. zurich wherever you go the only difference is the language in which you can learn barks has been manufacturing in portugal for some time its founder recently decided to start software development there to be i mean this is why it's ingenuity we can no longer afford to pay engineers in switzerland as they went off to banks and to google they go everywhere where there's even more money. portugal is good value overall at the same time the country has seen massive development according to the director of the founder of the institute in porto. and we've made considerable

progress founding companies more startups more spin offs more innovation especially innovation that's market ready it's all developed over the past 10 years. it is still. traditional and yet modern portugal seems to have found the right mix. thanks for watching. the fight against the coronavirus hand. has the rate of infection been developing what does the latest research say. information and contacts the coronavirus update nineteen's. on t w. and you hear me now here is there is reason you in her last years german sas there will bring you uncle a man called as you've never heard her before surprised yourself with what is

possible who is medical really what it means fat and what. we talk to people who followed her along the way admirers and critics alike how is the world's most powerful woman shaping her legacy joining us from at the last stop. this pandemic has shown us how vulnerable we all are whether it's india where the number of cases is currently skyrocketing with over 300000 new infections a day. or in europe which has reported the highest death toll for a long time and where vaccination is still very slow. everywhere in the world resources to fight the virus are limited that is why there are priority lists for vaccinations 1st we must protect those most at risk but are we really doing that

what about children their way down at the bottom of any priority list besides there's not even a vaccine available for them yet. that leaves children with special needs especially vulnerable. welcome to our covert 900 special i want to jones in berlin good to have you with us and you just have to admire kids and their ability to deal with new situations i see kids every day on their way to school or in supermarkets with their parents and they're wearing their little face masks with such ease as if it was the most natural thing in the world but not every child can adapt it easily and for some this virus is an additional risk to an already challenging life. physical exercises are important especially for flavia the 14 year old has down's syndrome

normally she doesn't do that with her mother but her physio therapist but since the coronavirus pandemic started the family has severely restricted their contacts because for flavia covered infection could be fatal. and infect your own booked by mention the downs and all the people with down syndrome an infection has much greater risks and for those additionally we know very little about long term effects of this illness so even if she were to survive an infection you wouldn't know what would come after that. this is after the 1st family and how. therefore the family keeps to themselves physical contact with others is restricted the children are only ok allowed to play with. school happens online all of this puts a strain on flavia. you know it'll happen if my feet go bye bye

i cried quite a bit because school was closed so we had to do it digitally and that was stressful . on massive our flabby america. to top $1.05 we've noticed that flavia suffers enormously from this loneliness she sits in her room for hours she talks to her so more and more she makes noise she just isolates ourself. want a cup of thaw. getting flavia are vaccinated against covered would help the family but no vaccine has yet been approved for under 16 year olds in germany clinical trials are still ongoing. in the test run as a sort of guns explain these trials different age groups are tested on no close observation but that way the researchers can gradually find out how the drug reacts with certain groups but they haven't finished that yet so using the pixie now is

a bit like walking into a dark forest sort of speak and don't invite good villains of it. the family hopes that this dark forest will clear soon they don't know when the vaccination will be approved for children until then they will do everything they can to protect the daughter. of a more i'm joined by dr good's she's assistant professor of epidemiology and environmental health of the ronan school of public health at more university in atlanta good to have you with us. please tell us 1st of all how much do we actually know about coded 19 in patients with d.s. and monica thanks a lot having me and yeah so i actually know we. mentioned she was a society conducted last scan a study on and he just was down some poor men. and what we found when investigating

more than 1000 you just doesn't and probably 90 is that it is a 1000. much more likely to die after having only 19 than the general population so for example individuals with down syndrome and. and so there are talented rates out when they are hardy at comparable to those from the general population who are 70 so they're matelote with a smash higher than the general population why why is that what puts them at such high risk. so there still different reasons one thing is that he does with down syndrome in general often south of harm premature aging so for example many of us with down syndrome are cowards or very likely to develop dementia at a very young age so in their forty's many of them already have been mentioned and

the reason is that they are so often suffer from immune dysfunction so as an example individuals with down syndrome aren't so they are known to be most vulnerable to look all kinds of especial exists and not known when you have quite a sample so it's unfortunately it's not surprising that they are some audible a little cold 90 right so when when the mother in this report that we just saw says she's she's terribly worried about her daughter you just basically agreed that she has every right to be that worried how can she better protect her. yeah so 1st of all i really want to highlight that the high mortality rates that. among it was down some who are particularly present for the u.s. was down syndrome about the age of 40 so we only found very few. deaths among children with down syndrome so it was really really rare but just

similar as in the general population so that's at least one good thing i don't because never the less that doesn't mean that parents of us with down's syndrome don't have to worry because as i already mentioned death is not the only yet come of this disease and we still know so little about the long term effects of kopi 90 and also. other. complications might be more prevalent and mild circumstance and i'm then in my shoulder was out on some cost as a part to protect them but the other problem is that it's arsenal yes that's a hot thing to do and i had to certainly cause especially kids let's dance and grown they may as we already so saw in the video and we they really need a special care not only for their physical health but also apply carpenter and mental health so it's always an act of that and saying we're 6 and benefits and.

at the moment our highest chance to really protect them as suspects a nation vaccination i know that in the united states teenagers at least from the age of 16 on words can now be vaccinated does this include teenagers with down syndrome. yes absolutely so when december the students would have to answer our prop sounds about as a high risk medical complications 19 so and then and january right and the last roll out staggered most states include individuals with down syndrome and they have for 1st 2nd priority group so and since march early april the whole country no country and it was done for can be vaccinated against over 19 and that includes. yeah also a teenager starting at the age of 16 and i know that most european countries

now are not now it's a vaccine aging interviews with down syndrome as it does now well known that they are at a higher risk possibly a one team so so many european countries are so vaccinating is down syndrome starting at the age of 16 all right so now we have to look forward to that and of course to vaccines for children that are even younger than that but for now thank you so much doctor from the road school of public health it more university in atlanta thank you so much for your time thank you for having me. and of course we all hope that vaccination will bring back the freedoms we've enjoyed before the pandemic some sooner than others perhaps time to austerity. germany or the e.u. be implementing a covert vaccine passport. yes though it won't be called that as it'll

also document people who've had the disease or have recorded recent negative tests the e.u. is moving forward with what's being called a digital green certificated to facilitate movement within the bloc though it's still not yet clear exactly what rights it will confer there's opposition of course but but but proponents say government's current lee really have few other options and after all long before the pandemic hit tourism had become a key pillar for nearly every economy on earth and the last 15 months have just cut the industry off at the ankles europe relies on tourism heavily and desperate attempts to to restart it somehow someway have been going on since the very 1st days of lock down over a year ago. so what are the issues well there are many ethical questions but

a lot of critics think the most serious is that a certificate could lead to discrimination against people who for whatever reason haven't been vaccinated or or at least not yet especially if the documents are used to limit their activities and their own countries by their own governments there are also big practical and technological barriers to overcome in play mentoring certification systems especially when it comes to to data privacy and secure. the potential fraud is another big issue despite the many hurdles the plan is to have the program up and running by june in order to make travel between e.u. member states easier for people who are backs unaided or who have recovered and and not just for europeans talks have also begun with the us about the best ways to

allow all fully vaccinated or or recovered american tourists to begin returning to europe. that's all for today thanks for watching.

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this is the w. news live from berlin india's covert 19 deaths tolls surpasses 200 sops shortages of oxygen medical supplies and hospital staff compound the problem infection numbers are rising across the country also coming off 5000 music fans rocking out at europe's biggest indoor concert since the start of the panda.