Skip to main content

tv   Business - News  Deutsche Welle  May 6, 2021 8:15am-8:31am CEST

8:15 am
down safely in texas after a high altitude test flight for previous landing attempts and it in explosions space x. mosque says that the company is just a few years away from sending one of the spacecraft to mars. up next it is physicist stephen beardsley i'm sorry kelly and her lead thanks for watching take care. sleep. carefully. don't move to soon be sure to get.
8:16 am
discovery home. subscribe to the documentary on. the drug industry reacts after the us gives its approval for suspension of patent protection for vaccine makers like pfizer washington says it's the right thing to do to get vaccine distributed globally and the industry group says it could hurt that effort. also on the show small scottish 1st like whiskey makers have been shaken and stirred from drugs that looming independence referendum isn't going down any easier. and we're going to cuba where sanctions against the communist nation are putting a sweet on. sugar industry. well welcome to the show m c beers and berlin the
8:17 am
u.s. says it will back a proposal in front of the w t o to temporarily suspend intellectual property rights for covert 1000 vaccines the body ministrations decision to back the move may help boost vaccination rates in developing countries but it is likely to anger the pharmaceutical industry. while much of the rich world continues to ramp up vaccination rates developing countries remain at the mercy of the virus in india thousands are dying each day from covert 19 the country desperately needs vaccines for its huge 1400000000 population. last october it brought a proposal to the w t o along with south africa for patients' rights to be temporarily suspended for pandemic related medical products such as vaccines president biden's backing gives the proposal a chance of becoming reality in theory it could lead to copy conversations of approved vaccines being unbanned food supply boosting vaccination rates all over the world the move has prompted anger from the pharmaceutical industry although
8:18 am
experts have pointed out that national governments have funded the search for vaccines to. on the other hand it's worth saying that governments such as germany such as the united states have paid a lot of money for this research and that only a small sliver of pharmaceutical companies profits come from lower income countries . months of negotiations could lie ahead for the w t o to agree upon a specific waiver plan but the u.s. decision has already seen shares in vaccine makers such as play on tech and madonna fall sharply. well in an initial response the pharmaceutical industry's u.s. lobbying group said that the decision flies in the face of president biden's bid to build up u.s. infrastructure and hands over american innovations to countries that want to undermine u.s. leadership in the biomedical arena and the group opposes the idea of waiving those
8:19 am
rights saying that the step would do nothing to address the real challenges of getting more shots in arms as it wouldn't address distribution or the limited availability of raw materials right chelsea delaney with more from frankfurt good morning chelsea what would this decision mean should it go for what would it mean to vaccine makers like pfizer. well obviously vaccine makers like pfizer are very unhappy with this proposal and particularly for the smaller biotech companies like. biotech here and in germany and they've spent really years developing the technology that is underlying some of these are in a vaccines and they really don't want to give it away for free so they're obviously very good that's for hearing several different arguments from the pharmaceutical industry one is that this sets a precedent that will really hamper innovation and the future if companies think that their patents can be invalidated they won't want to spend time and money
8:20 am
developing new technology another argument we're hearing which you mentioned earlier is that this would really allow some of the u.s. and europe competitors like china and russia to take this technology and make it their own and the other bigger question is will this really help the the vaccine effort and there's a lot of criticism and say this just isn't the right way to improve the vaccine supply and lower income countries shows you do we have any idea whether manufacturers around the world are actually poised to take advantage of a suspension. well i think that's the other argument from the pharmaceutical industry is that just opening up these patents overnight isn't going to solve the problem because it's not just a problem of not having the recipe for these vaccines it's a problem of does a country in africa india do these manufacturers have the technology do they have
8:21 am
the workforce to they have the supplies to really start making these vaccines at a high level and i think there's a lot of skepticism that that would be that they would be able to do this very quickly chose to do need financial correspondent frank for thank you. scots are heading to the polls today and their vote is not only about the country's government but about its future as a member of the u.k. or perhaps the european union brags it has proved a tough burden for scotland to get mass talk to whisky distiller to get his view. these barrels have to be thoroughly cleaned only then are they ready for the precious fiery spirit of bali and right and instead the distillery in scotland. ian palmer has always dreamed of producing his own whisky he worked in the industry for 40 years before founding in stanley in the country of 5 north of edinburgh.
8:22 am
to me this is a fight for sorts made from 5 cereals as distilled in 5 of his maturity and 5 it creates a sense of place a sense of identity. the marketing concept is in place in the company video online even as the new whisky matures only when the boss is totally satisfied with the flavor it's supposed to be complex and flowery will fans get that chance to tasted what worries me in palmer however his breaks it when he founded a company he didn't foresee the difficulties that many scottish business owners now have trading with the european union. but we were assured of friction in the street while if this is frictionless trade i would not like to be experiencing friction trade so i think that we do need to think very carefully
8:23 am
about we do and to be sure that at a specter of whether we're in or out. but we're able to trade effectively a 3rd of all scotch whiskey exports go to you the market is worth over 1000000000 euros annually but drags it and prove it have it the sets a hot the bureaucratic hurdles are multi-faceted previously only one form was enough but now whisky exporters have to fill out different paperwork for each individual e.u. member if scotland declares independence from the u.k. that could create another headache for smaller companies if a change was to come very quickly. on that would be a farce very significant seismic change that we would have to be able to manage for small businesses like ourselves we will need a great deal of help to get us through that. the new whisky will find its way to the e.u.
8:24 am
france and germany yucky export markets instead the employees hope the logistical problems can be solved in time for their properly aged whiskey to be bottled. knickknack is a journalist and very joins me from ornette could see you this election is decisive for the independence movement is there any support in the business community for an independence referendum. full given that the pro independence scottish national party has been a dominant force in scottish politics since 2011 most companies are neutral only question of independence at least publicly. for high street retailers who don't want to eliminate their s.n.p. supporting customers if you're a supplier or a service provider bidding for government contracts likewise if you're a charity or an institution receiving government grants you want to trade carefully also but business is vocal however on the need to restart
8:25 am
reset the relationship between politicians and industry after 14 months of cold restrictions u.k. exit in the european union and also decade of very slow economic growth so businesses stand was the focus the argument on the government helping to grasp new trading opportunities reducing costs up skilling and rescaling the workforce prison promoting investment in digital technologies renewable energies infrastructure so hirsch cure or some entrepreneurs will applaud independents most of the business world and shifts anxious but the complexities of in the end is there and there is about the polarization right polarization of reparation debate given his negativism let me or appropriate give us an idea of how disruptive
8:26 am
independence would be to scotland given its business with the u.k. which i would imagine is substantial. yes it is now 60 percent of scott was $82000000000.00 pound only $5000000000.00 euro of exports actually 6 percent of that actually goes to the rest of the u.k. 18 percent to the e.u. so scotland were to then join the the e.u. used single market and influence in the rest of the huge 3 u.k. doesn't there we're going to need these we've got these cuts to chase the border between stock we're getting you know to appreciate it just gets pushed us a little said percentage of poultry eggs milk fish 100 percent of all 'd live animals need to be inspected before entering europe's as a single market so in the absence of a creative solution this could be shoes really disruptive the whole age and very expensive the trait how disruptive has brags have been for scottish person to talk
8:27 am
about how disruptive independence from u.k. would be but briefly if you could how disruptive has briggs itself been yes an issue shirish challenge in the air you report in the whisky industry to spoke about the need to show documentation for every e.u. state you could appreciate a lot of the trucks that cross over into the european single market they're loaded up with pallets of goods from many many suppliers so it's all duplications to haitian paper a lot of change a lot of costs around also communications of procedures of not being there you can either arrest me there knickknack internal as an ember thank you so much. let's go over to latin america where u.s. sanctions are tasting to sweep in cuba where penalties against the island nation are taking a toll against the sugar industry in particular financial pain is being compounded because cuba is reliant on fuel from neighboring venezuela which is also being hit
8:28 am
by u.s. sanctions for it's a bitter blow for cuba's sugar industry which has come to a virtual standstill sugar mills shutting down sometimes for weeks a lack of oil needed to fuel the mills has taken its toll on the industry. to the deficit and situations that we have had since we have not received the resources we need we have had to harvest the sugarcane field now in just 3 days we normally have 12 but we had to start late because we were stopped for lack of fuel and today we are at a standstill again because the plant where we stockpiled is at a standstill i don't. think we're about oh. they're not alone across cuba only 38 of more than 50 mills were able to start this year's harvest fuel shortages machine parts that never arrived or lack of financing these are just some of the setbacks industry leaders blame us sanctions against its neighbor
8:29 am
venezuela which for 2 years now hasn't delivered the oil doesn't really needed for the sugar mills officials now think that cuba will fall short of the proposed target of 1200000 tonnes of sugar this year some 150000 people still make their living directly or indirectly from this sector. thanks roger. crewmates. wages. in countries thank you. for more diversity and equal opportunities in the world of work 1st of all we need to. plug the hole with the world of economics. made ensuring. next w. . what secrets lie behind those walls. discover
8:30 am
new adventures in 360 degree. and explore fascinating world heritage sites. to double your world heritage 360 getting our know. what does it take to make it in the world of business is it all just a game basically coming down to a the luck or skill well of course fully i actually have a bit of both of those and much mall rightly or wrongly various factors dictate who wins the race to the top where we come from.