tv Business - News Deutsche Welle May 10, 2021 10:30am-10:46am CEST
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removing. it from here the pics going to newnham tons of plastic waste. used in the way. after all conforming to his interests like little. to make up your own mind. w. made for mines. all hands on deck from a company by own take is ramping up production of its m r n a vaccine a new facility and singapore and a joint venture in china aim to produce billions of doses to 5 covert 19. also coming up what's to do about china the e.u. and india are ready to resume free tate free trade talks to better respond to the
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current challenges including china's economic dominance. and is there a light at the end of the tunnel the travel season is near and the tourism sector hopes it will bring a much needed boost in business. very warm welcome to the business i want to get johnson berlin good to have you with us buy on take has announced that it plans to set up a new factory in singapore to expand production in southeast asia the german biotech companies also setting up a joint venture in china to produce up to $1000000000.00 doses for the chinese market buy on tech is now supplying more than 90 countries worldwide and is expecting to ramp up its production to up to 3000000000 doses by the end of the year. during a pandemic this is the stuff that dreams are made of. the m r n a vaccine developed by german startup biotech was approved less than
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a year after the pandemic began it's now mainly manufactured by in-text new plant in marburg germany the hopes of many are pinned on its $450.00 employees work is carried out around the clock. when i'm not at work of course it's fascinating and i like to talk about it especially when working on something so important. but at work we're all focused on the here and now it's important that everyone is focused on what they're doing next so that no mistakes can happen and we produce the right quality. and the right quantity after all the pandemic is raging right now in many emerging countries like india to help us president joe biden has proposed relaxing patent protections but the pharmaceutical lobby is not willing to cooperate because of scientific research that we now have jobs and treatments and many comments and
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scenes but it's because of the pathogens that companies keep investing money into looking for new treatments and better treatments but if it seems that a job. and you would not have this kind of investment if it wasn't a problem report for these companies plus the industry argues that vaccine manufacturers are already ramping up production to the maximum that's the case in ma book employees there produced some $250000000.00 doses in the 1st half of the year later production will be ramped up to a 1000000000 doses or more construction is ongoing at the plant as it expands production capacity it took less than 6 months from the purchase of the building to refit and start production and that in germany which has a real. ation for being painfully bureaucratic i might just it has to be said that the cooperation with the various authorities worked very well when you build
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something new you have all kinds of different people on board now many people joined in and were very proactive in the end that hope everything goes so quickly of course you still have to adhere to all the regulations as always you know. for many emerging countries however the pledges are not enough they want to produce the vaccine themselves so that as many as possible can get protection from the coronavirus. is ramping up production and the markets seem to like that for more let's cross over to chelsea delaney in frankfurt chelsea at least about an hour ago i sold that share as searched investors seem to be pleased to take expansion plans. well indeed that differing for it with the chairs of biotech are up about 10 percent today of the nasdaq shares in the us are also higher i think it's for the big question for biotech has been will depend to make boost for
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this company last say they really were put on the map by that pandemic and they're they're vaccine they went from this relatively unknown money losing start up to a global you recognise name but investors want to know if this is something they can count on for the long term and now we're really seeing by an attack put forward plans for the future to build these facilities and in other countries they really expect the demand for code vaccines to last for years but they also and today's announcement said that they're going to plan on producing some other of their treatments as while they've been developing a lot of cancer treatments they have other infectious disease treatments in the pipeline so they really are laying out this plan to become not just a german vaccine manufacturer but a globalized drug maker and investors are really liking that today not quite a story the new front foot thank you so much. the
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european union and india agreed to see closer cooperation at a virtual summit over the weekend previous talks have stalled over differences including tariff reductions to data security but china's growing economic strength has ruled the world's 2 biggest democracies back to the negotiation table. india is the use tense biggest trading partner last year some 65000000000 euros worth of goods and services were exchanged with the e.u. importing more than it exports the home to some 1400000000 people india is of course a huge market for the e.u. whose population is only a fraction of that size the pace grows stiff as to next year india's economy is expected to expand but almost 7 percent smaller. it's compared to just under 4 percent for the e.u. now the e.u. is hoping for improved market access especially for its car industry questionis
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well india soft in its protectionist stance that's a question i would like to ask our correspondent need to rise joining me in a moment i get to see in a day or so there was this virtual meeting over the weekend obviously because of the 1000 restrictions when what is india now at this point and especially its prime minister narendra modi actually hoping to get out of a potential deal. for the details of the meeting was were discussed on the lines that there will be open need cooperation between the nations on the infrastructure if the loads and when to be the last all it is back was stored because you were in was not ready to open the gates for indians and indians and indian the indian government wanted to send more people there specially the work with technology you are good now the big. part of india is over it and the
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wreck scene and the support from the international market and as you all know that india has supported south africa's edition of opening the pittance for the vaccine with you has been reluctant are in now the biggest between dake space and them want to go means from you right now is to support their ideal make up and electing the president writes but that it doesn't look like they have found common ground do you think that we can expect further stallman's of talks because of that. if it's not the vaccines right now because the biggest challenge for them with the government is the vaccine and getting other medical supplies from the international market it's is besides the max vaccine their discussions were about their visitors their transport infrastructure how you market can be open for some indian companies how the indian markets can do good for some companies and did other different aspects of their trade talks started when i don't think so because if it took 80
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years to open this conversation again and after britain has left you you has become more the more they have been they have risen to the fact that they need in the end in the also has realized that they need so i don't think that this is going to stall again obviously there that they have to come out with the way forward so when you say if the us realize that they need india and vice versa what does india have to offer that the e.u. once now. as you just said that the indian market is a huge market for cars for wind for visited infrastructure and for a lot of lot of especially lot of technology lot of indian will close who do you market and work on that are depreciate intelligence a big technology so therefore you need and the markets from india which india has offered and especially china are becoming of problem in this if we didn't indulge
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who wants to make sure that they are in the in the sweet spot so therefore it's a win win situation some would say it's all right to need to rise every porting for us from mumbai thank you so much. the rally on the cryptocurrency market is going strong just a week after topping $3000.00 for the 1st time if the area has passed another milestone at $4000.00 the world's 2nd largest cryptocurrency has boomed in recent months as part of a massive search by digital assets syria must jumped more than 30 percent in the past week and now has a market cap of nearly $460000000000.00 meanwhile bitcoin was closing in on the $60000.00 mark. a cyber x. of tor it's shown no a cyber extortion attempt that has forced the shutdown of
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a vital u.s. pipeline was carried out by a criminal gang known as dockside that's according to sources close to the u.s. ongoing investigation the colonial pipeline carries gasoline from texas to u.s. atlantica coast and to deliver us almost half of the fuel consumed there it's been targeted by a ransomware attack in which hakas typically freeze axes to a company's computer system and then demand a large ransom the biden administration has loosened regulations for the transport of petroleum products on highways to ensure a gasoline supply in the country. change of pace 29 degrees celsius that's how hot it is today with plenty of sunshine after months of rain and even snow fall right up until last week and the balmy weather has people looking to this year's travel season after
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a major losses due to the coronavirus pandemic the tourism industry is hoping that things will finally pick up again. it's almost holiday season cruise operators to he and aida are ready to set sail for popular destinations like the canary islands and greece 2 years even handing out covert tests the brits as part of their package holidays but travel firms are making up for lost revenue and with a surge of demand expected prices are set to rise. businesses in europe's tourist hot spots are crying out for a return to normalcy. greece's government has allowed restaurants and bars to open for a few days now owners are hoping for a quick return to the good old days. every 1st start has its teething problems before but we're an optimistic people we're loyal to our jobs and our customers we believe that everything's going to be alright after
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opinions care and attention. germany's northern coastline is gearing up for a vacation season 2 people have been cooped up at home for months on end it could soon be time for holiday makers to soak up some sun once more and for the tourism industry to revive its flagging businesses. and that's the business update on this album from the team and thanks for watching. 3 kids. they love for weeks and glitter glitter glitter they're fighting against prejudice called a boy. recognition the little stores on the big stage. 3 kids starts many 17th d.-w.
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. has a virus spread. why do we panic and when will. just through the. weekly radio. if you would like and more information on the crawl of virus or any other science topic you should really check out our podcast you can get it wherever you get your podcast you can also find us at. science. virtual school for months leandro has been learning online from home due to the pandemic it's stressing him out. there are some evenings where i question my very existence. what's the point of getting up again in the morning what should i
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do tomorrow. in germany most young people have really gone to school in the last year instead they've had lessons online on a likes that basically i'd say i live more not less. philip is receiving instruction from his big sister cuts arena. tour or sometimes i miss my mama who would help straight off if she were here. hear me her . liam drew quickly print out the latest worksheets before mascots the last time he was able to attend school with his entire class was over a year ago since the outbreak of the coronavirus pandemic schools have been closed for most of the time.
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