that report from stephen beardsley from business and he's with us now in our studio hi stephen and it's such a jarring contradiction i mean why is it that farmers are destroying crops while on the other hand there are people lined up at food banks is that right i mean that's one of the 1st things i thought too was we're seeing pictures of people lined up outside of these food banks all the time in a lot of cases some of these products are super perishable i think about the lettuce there and also has that farmer has i think 150 years of lettuce so it's very perishable the odds are he's going to get it somewhere and times can be difficult the food banks are really set up to accept it and there's just so much of it that it's hard to actually deliver all of it even if he were to deliver some of it and so what he's chosen to done is destroy it instead of putting more cost into harvesting it and then packaging it when he doesn't have a distributor to take it anywhere and what we are seeing is that some governments are making bigger purchases of these products and in some cases trying to conne

of more now i'm joined by my colleague stephen beardsley from our business desk thanks being with the stage or so the pen demick is putting tremendous pressure on economies and companies unemployment is skyrocketing with economic survival being very much everyone's interest at the moment could it be that climate protection is getting less of a priority you can definitely madge and i mean look at what he said about the auto industry in germany 800000 jobs are believed to be tied to the auto industry in one way or another so they have great clout when they come out and they say we would like to see premiums for all cars not just electric cars like there are now but we want to see a general premium well that would help them in the short term but in the long term does that really work towards your own climate goals if you're putting your incentivizing putting more internal combustion engines out there that's one example i think also of the energy costs that many industries face for example the steel industries for smelting up it's incredible use of energy what if you were to lower the tax

lot of money at the moment to talk about this i'm joined now by my colleague business anchor stephen beardsley stephen talk to me a little bit about why this debt question is so urgent for the european union what's its urgent right now for the eurozone those $1000.00 asians that share the euro currency and every nation right now is taking on debt brand as we know but it's a special problem for some countries italy is the one that sticks out right now it has a debt to g.d.p. ratio of 130 percent more than 130 percent actually it's pretty considerable its economy has been stagnant so there are no signs that it's capable of paying down its debt anytime soon and borrowing costs are rising it's going to take on a considerable amount of deficit spending and it's not budget potentially as much as 10 percent which is outrageous it's crazy look at the past. that scares investors and it leads to the possibility that a credit ratings agency could come in later and downgrade that debt basically say this debt isn't as secure as it was before that would scare off investors 1st of all but it could also lead

this is your do you know your business report i'm stephen beardsley in berlin it's good to have you with us historic day for oil prices a barrel of west texas intermediate crude to be delivered in may closing at minus $37.00 on monday the behind the collapse too much oil and global markets too little demand among consumers that a basic lack of storage space the coronavirus pandemic has brought economies around the world to a halt along with the demand for oil after weeks of tumbling prices crude dropped below 0 for the 1st time producers literally can't give it away an agreement last week between leading oil producing nations to slash output clearly failed to address worries about a huge glut of oil. and this is quite a lot so here we consume it on. an economic. it's not coming out ahead of us but right now all we're doing is even with the lack of traveling from down measures people are going to work people aren't. going to be flying anywhere and that's really causing a demand problem and since storage facilities have filled up oil is now practically worth nothing. or at for more on this

let's talk more about this with stephen beardsley from business hi stephen we know that the pent up because putting a condom is across the globe under pressure does that mean that climate change is no longer really a big priority like it was before the pandemic i think the question you're asking is basically this dilemma between the short term need to get economies going again and the long term goals that were already set out before the coronavirus pandemic happen and that is achieving a low carbon economy especially in places like europe and germany where they've already taken steps towards moving in that direction so how these 2 things conflict with one another it's hard to say it's not hard to imagine scenarios in which they would conflict that you already have the auto industry for example here in germany saying hey would be great if we could get premiums for purchases of cars the government can help us out with out they don't mean just electric cars they mean internal combustion engine cars now a long term goal of the german government is to meet emissions standards in europe and to me

news live from berlin stephen beardsley is up next with the w. business stick around we'll be right back. what secrets lie behind. discover new adventures in the 360 degree. and explore fascinating world heritage sites. w. world heritage 360 getting out now. in the. climate change. post makes it. much too soon. to use today how for the future of. g.w. dot com megacities for the 18th. click. grim news for the american worker jobless claims continue to soar now totaling 26000000 americans out of work during the pandemic and creating new urgency for government's response. also on the show europe says it's coming to the rescue of its members hardest hit by the pendennis the question is out. and textile workers in bangladesh say they're not getting paid while their factories are flows and if they can't hold out for long. this is your business report i'm stephen beers in berlin it's good to have you with us. more bleak unemployment news from the u.s. labor department statistics showing a stunning 26500000 americans have sought unemployment benefits in

news live from berlin stephen beardsley is up next with the w. business stick around we'll be right back. what secrets lie behind. discover new adventures in 360 degrees. and explore fascinating world heritage sites. d.w. world heritage 368 get mapped now.

news item coming up on business closing at negative prices for the 1st time in history today stephen beardsley will hear from our wall street correspondent about what the collapse means for the months ahead. investigators in canada are trying to determine the motive behind the worst mass shooting that the country has ever seen the gunman disguised himself as a police officer before wreaking havoc on communities across nevada scotia shooting residents and setting houses on fire in an attack that lasted hours. the shooting rampage ended at this gas station where the suspect was killed that police chased the gunman for 12 hours during that time he shot at least 18 people dead the hunt for the shooter spanned 100 kilometers from rural puerto peak and the canadian province of nova scotia authorities warned residents to stay indoors several people including a police officer were slain at various locations. countless families are in mourning today each person who lost their family and friend. and they too will need their support. the impact of this incident will extend one end of the province to the