am dedicated to a fairy tale author, hans christian andersen, queen margarita cut the ribbon in the city of a dense where anderson was born, designed by japanese architect candle coolio. because even takes on house tours of some of anderson's most beloved fairytales, including the little mermaid and the ugly duckling and set you up today. bright golf. we'll have more well news at the top of the hour. bob, what's up next week of business updates? looking at the impacts, damage and global tourism. have a good day. ah. tips for your bucket list, the magic corner. check. hot spots for food and some great filter memorials to boot w travel off we go. the gold was right in front of them. they gave it there.

then suddenly, we agreed to postpone the or olympic games that tokyo with $22021.00. thrown off course during the fine ground. for sports hero. i'm fired up and ready. count down during lockdown, but walk you go to tokyo, starts july 19th on d, w. the me the 4 trillion dollars. that's the pandemic, global cost to tourism. according to the un, we'll look at the total current of ours is taking on holiday hot spot delays. the fight over meet him, thought, but can you fix the brick that hang over in northern the

will look at the bubble. t business fest just floated on the homecoming stock exchange of your business robots invalid. welcome to the program. the u. n. says the current of ours pandemic may come at a cost of over $4.00 trillion dollars, the global tourism sector report ones that slave vaccination rates in developing countries are leading to mounting economic losses with many of those nations dependent on international visitors. among them is thailand. boat owners from sack bet lau hasn't earned anything today. in fact, he's had just one customer over the past month, making just $40.00. before the pandemic. he usually made a $100.00 a day. his hopes and those many others now rest on a government pilot project from july 1st vaccinated tourists from all over the world can visit the holiday region of to cat again. so let me pull it up and i have

a lot of hope. customers fade away for a while more than a year, almost 2 years now. it's dragged on for so long. it would be great if we can reopen again. but if it doesn't work, we'll just try and stay alive. i don't know what to do. many african countries are in a similarly dramatic situation. in south africa alone, one and a half 1000000 people depend directly or indirectly on tourism. hotels, safari parks, gastronomy and transport. more than half of these businesses haven't been able to cover their fixed costs and 2020 experts fear it will be a long time before tourism returns to pre crisis levels. not just here, but worldwide. we currently need to national tourism at levels of 30 years ago. so basically we are in the years 18. so not,

not much crowd the the problem that we are mainly facing is that many likelihoods. that's really a threat and i will pick it up from the policy recommendations. we have lost 1000000000 travelers. so 1000000000 opportunities for people to be livelihoods, especially in developing countries. the un report paint's a damn picture predicting the global travel industry will be back on its feet again in 2023. far too long for the millions, dependent on tourism. when i speak to phillip to that to is associates, that is are out finished inside a south africa. now i have been some significant changes for the south african tourism saying just in recent days, that was the situation there. now, while in the past week, south africa moved his stronger lock down level to level 4, as we call it, which came with a sudden changes the most populous and read the while the richest province. housing

has been locked down for purposes of tourism. so no tourists in no tourist out that's domestic and foreign. we had for a brief moment for about 2 days, we add hotels limited to 50 percent occupancy. right. so they were told that's being resist in the meanwhile. but for a couple of days they were told you can only use half of your rooms and they suddenly had to scramble to deal with that. and that's in the context of ongoing problems with slides, ongoing uncertainty about neighboring countries, where you can go, what you can do. we have had an our cold bad reimpose which for the province of the western cape is very bad and use indeed, it's a hot spot for wind farm terrorism. and people don't want to visit wind farms if they can't taste the wine on office. so it's a multitude of problems that all comes down to a very tough time for tourism sector. yeah, i know the south african government have been hoping that domestic tourism could make up for at least some of the shortfall in international tours and obviously can't make up for all of it. so is there any sign that international tourism will

be returning to south africa anytime soon? nothing really hopeful before the rise of the delta various it looked as if they could be hope and a lot of people invested money in that anticipation then came delta then came renewed lock downs all over the place and. and we have both domestic and regional tourism suffering early today. did we learn the above way? our neighboring country is moving to a higher lockdown level. that's a critical source of regional tourists to come on shopping expeditions and spend a lot of money. they now face quarantine when they return home, so we expect to shop drop off on on that. so, you know, at every possible level, every time there's a change in the global status, every time there's a new variant, every time there's new concerns, south african tourism suffers all over again. alright, philip to vet from business inside of south africa. so bringing isn't updates on the situation now. now let's take a look at some of the other business stories making headlines. south african power

giant s gomez seeking $10000000000.00 from the world bank and the lenders that's part of its efforts to pivots to renewable energy. s. com is africa's biggest greenhouse gas mit and is planning to shut down most of its coal fired power plants . by 2050 the world bank expects kenya's g d p to increase by 4 and a half percent this year is over. 19 vaccination, increased and locked down. the growing east african economy relies heavily on agriculture and tourism, meaning it is still vulnerable to potential vaccine shortages and weak global growth and go in as states oil. giant san an goal was $1000000000.00 to western energy firms, according to reuters. so i go leases out it's oil phase, but haven't kept up with payments to maintain the size. so it's now looking to sell stakes in his fields to cover the debt or the european union and united kingdom

have agreed to extend the grace period on input of fresh meat from northern ireland to northern ireland, from the rest of the u. k. post breakfast customs arrangements have prompted around that has been nicknamed sausage was the 3 months repeat. prove will come as a relief to purchase traders, but does nothing to solve the wider conundrum of trade. across the irish c. her most beautiful roses used to come from england, but no nursery owner, beth lunney can only get roses from holland. her customers near belfast prefer the english roses with beautiful names like the dark lady. but northern ireland has had special economic status since for exit. it still belongs to the single market and the you have strict regulations to prevent the import of pests. there was a possibility that there might be a splash of so on the part so that went against the regulations.

well, it's very frustrating when you have been telephone companies from 2530 years. you know, you're getting excellent variety of plants that your customers will buy, and then you're just suddenly told at a stroke of the pan, sorry, you can't have these, you can't get them. since breaks it, the customs border has been moved to the irish c. despite northern ireland, remaining part of the united kingdom at the port of belfast, the documents are checked and fresh produce inspected. mark brown runs the arcadia delicatessen in belfast. now and if 3rd generation, he can still get his olives from italy without any problems. but cheese and other fresh produce from britain are a pain to import. many suppliers have decided there's just too many checks and too much bureaucracy. they've simply canceled those contracts. a lot of them are just sort of walked away from the ordinary because it's a small market. you know, the problem is the plan rate, the people in northern are and you know,

so they decided to know just too much hassle. and again, understand the aden connelly from the northern ireland retail consortium maintains times with many small business owners like mark brown. their main problem is that they can't afford expensive consultants to guide them through the new bureaucratic jungle. we need a foster theater skiing to move some of that friction. we need to re agreement to remove a lot of fraction immediately. and let us get to that close to what we need, the e u. and you can both can move, but of politicians on both sides fail to reach an agreement. things will get even worse for northern irish companies and the autumn, temporary policies which regulate fresh food will be done away with. that means even more checks and even higher costs for business owners in northern ireland a chinese right have. and so many d, d has raised almost 4 and a half $1000000000.00 with its wall street a p o value,

the firm around $70000000000.00. biggest chinese listing in new york, some alibaba in 2014. it comes with companies rushed to capture the lucrative evaluations seen in the us stock market is more for my financial correspondent. i should have come to the i. p. market is booming globally. tanks to center banks and governments keeping the money top so on that has given rise to a legion of individual investors. retail investors who are looking to buy steaks in the favorite companies. and those companies are only more than happy to oblige the dash to the market can also be expand from the fact that many of these companies actually had to store their plans during the pandemic. and now they are ready to go public as the economy. the covers around $10.00 to $50000000000.00 have been raised in ip, yours, in the 1st 6 months of this year. and that's a record. by the way, the previous record was in the 2nd half of 2020 to another

chinese i've here now and be bubble t business ny yuki is just listed in hong kong, raising 650000000 dollars. it's a major moment for a company that started with a blind dates move over starbucks. meat, now you keep the chinese bubble tea chain already has 550 stores. what customers sip, the latest asian specialty to find the global fan base that he is loaded with milk sugar and top yolk up hills. and it's apparently quite addictive. bobbies, i drink 8 to 10 cups of bubble tea in a week when i feel very stress is usually else right to control my diet and have one every other week. sometimes i have no self control, so i come here once or twice a week. now you started after a blind date when entropy nor pain. jean told her date about the idea and the to

became business partners. the chain prides itself on innovative drinks, fresh ingredients, and a cool cafe. the core to set it apart in china. crowded bubbles, he environment. now yuki has a loyal trout i think it's good for them to go coupling. but even more than that, i hope there will be other companies with products just as good, but come at a lower price. that would be a good thing. now yuki wants to invest the ip proceed to open another 650 doors, even though the company currently burns money, fast analysts, our board, they estimate shyness appetite for bubble. tea will grow threefold. with a market reaching over $50000000000.00 annually. by 2025. our reminder of our top story is this our, the un reports as the current of ours pandemic may cost as much as $4.00 trillion

dollars to the global tourism sector. it was the slow vaccination rates in developing countries all leading to mounting economic losses in new york and union in the united kingdom of agreed to extend a grace period on the import of fresh need to know the knowledge, the 3 months reprieve will come out. they released partition traders from the dw business team here in berlin. from all, do you have to our website d, w dot com slash business? you can also use the fight against the corolla virus pandemic. how has the rate of infection and in developing what does the latest research information and contact the corona virus not change because the 19 special next on dw

into the conflicts sebastian america, secretary of state, one's in a lincoln living in craig last week is i have to offer words of comfort and support for the country after washington said master in huge numbers close to his border. my guess is we crave foreign minister, the nature of labor. what does he get out of the? what was conflict? in 60 minutes of w me the face was one of the 1st germans to contract in 1900. and she was one of the 1st to see that symptoms can remain even after the virus is gone. 5 months later, she was still experiencing difficulties. as you can see.