tv Business Deutsche Welle February 4, 2020 4:15am-4:31am CET
what's in store such a list for the future comes to. come the 2nd major city to incite. culture. the race to contain the coronavirus continues as the death toll mounts that's also why the hundreds of billions all chinese stocks disrupted supply chains and hammered oil demand but investors may be shrugging off the risks of their own peril . also on the show traditional churches are struggling to survive and if a job cut price meat and supermarkets and discount counters get to know what.
this is the w. business i'm on in berlin welcome a rising casualty count in china has sparked a range of responses around the world the u.s. is ban on travelers from china is still in place and neighbor hong kong has closed some border crossings within the country itself officials are racing to ally fears and contain the knock on effects especially on the economy. only 10 days to set up an entire emergency hospital an impressive feat a new facility in the world one of several such hospitals built to tackle the virus and it shows that government officials know without doubt what's at stake thousands of people work day and night to assemble the prefabricated building the new hospital has a 1000 beds in between times the death toll has jumped above 360 and china has made an urgent call for more medical gear and masks fears of the
spiralling epidemic mean shanghai is normally buzzing pudong district is deserted the absence of shoppers weighing on the chinese economy train stations are empty streets are vacant even starbucks has closed cafes temporarily. i think the main impact of the epidemic is on travelling home and shopping now people are travelling less and it's not easy to buy a lot of things. china's economic growth is expected to slip this year to 5.6 percent panelists believe the picture could dramatically worsen if the outbreak continues this would also drag down global growth china is increasingly the engine of the global economy the beijing government is trying to soothe nerves and avoid panic. i'm sure you've got the impact on the economy very much depends on the progress and results of epidemic prevention and control but i want to stress
that the impact will be temporary will not change the fundamentals of china's economy which is positive in the long term we don't want you know you're not going to see the cafes may be struggling but one rare economic bright spot is online business forced to stay indoors online shopping and entertainment a very active gaming as well plague is especially popular right now the game about how viruses spread but there you are against hello can you tell us why is wall street so caught on this specially after last week's tumble. there well we did have a little rebound here on a monday blue chips gaining a good half per cent but as you mentioned we already saw quite a sell off last week specially on friday when blue chips dropped by a good 600 points that was the worst trading days since august and now the chinese markets are reopened and we saw quite some pressure over there well we did have
some pretty promising economic news out of the united states manufacturing activity and general actually rebounded surprisingly strong reaching the highest level since last july but for now i would say it was a little breather so it's certainly not the time to say that everything is picture perfect at this point certainly do you feel that investors and maybe ignoring some of the risks to the global economy because even if the coronavirus is contained it's done a lot of damage already. it clearly has and we've seen it was a lot of u.s. businesses who struggled quite a bit but they have been prepared to to a certain degree as everybody knew that there wouldn't be a big. production going on in china during the chinese new year. so now everybody is just awaiting how the whole crisis develops nobody really knows
at this point so everybody is a bit still cautious said this point but then again there's also talk if the crisis would worsen that maybe the federal reserve could jump in and lower interest rates one more time maybe in march nobody knows of that's going to happen but that's what's really. investors' minds here on wall street we've seen it for such a long stretch now that the central banks actually they make the music here on wall street so even if the crisis should whereas and and nobody knows if the central banks or the federal reserve were doing that could be could calm down the markets a bit at this point but overall we just still watch how the crisis develops still obviously a very fluid situation thank you yes carter there on wall street for us. and speaking of fallout from the coronavirus germany's flag carrier lost tons of says it is suspending all flights to and from mainland china for longer than initially
announced tons a group which includes subsidiaries swiss and austrian airlines will not fly to beijing and shanghai until february 29th and other chinese destinations including nanjing shenyang and qingdao in eastern china will not be served at least until the end of march europe's largest airline group said it made the decision because it wants to keep its passengers and staff safe. alphabet the parent company of google has posted mixed results for the last quarter of 2019 the tech giant's profit rose a 19 percent from a year earlier but ad revenue the all important income driver failed to meet expectations google is the market leader for digital advertising but it's facing increasing competition from facebook and amazon investors will now be watching alphabet closely to see whether it's other businesses are growing it has a cloud service and it ventured into health services last year when it acquired
fitbit last november. even. german chancellor angela merkel has called for fair relations between retailers and farmers as she met with both today to try and resolve a long running crisis fellow isn't of farmers have been protesting over the past month saying supermarkets selling me and other food at bargain prices are putting them out of business but it's a practice that's also become an existential threat to another group traditional but we visited one of them. is making sausages he runs one of the few independent butchers shops and. he wants his products to taste good he also aims to make sure that the animals whose meat he uses a well treated while alive. whether cattle or chickens. burst into tears or the chickens i sell or at least 94 days old. wooden doors or
supermarket ones left just 28 to 34 days so mine have 3 times as long to grow and develop. the flesh commercial flights out there not just pumped up as fast as possible. a longer life and more living remain the meat is more expensive. acknowledges that his prices can be much higher than in supermarkets but he says his clientele of willing to pay more and if need eat less meat overall. our customers tend to think carefully about what they eat many only eat once a week on record for you don't have to have a steak or schnitzel every day or was also regardless of what. he has loyal customers but business is tough in the face of face competition from discount a few chains. the number of independent but shops in germany has been falling for
years. many people prefer to buy than me to mr market and don't care where it comes from. i didn't pay attention to where the meat came from about stuff but it was fresh and it was cheap so that's why i bought it implies. that. will keep. being uncertain as if i don't have much time to go shopping and i don't think about it that much beneath your rights but to be honest i'm not willing to pay $50.00 euros for a kilogram of organic meat with no. cheap meat often comes from livestock that have been treated like products. the german government wants to introduce an animal welfare certificate system but doubts that yet another product label will really help. the us labor these labels just confuse people even more. me or early should just go to their local butchers to someone they trust and so
before calling them and he is livelihood depends on customers who are knowledge quality and a ready to pay for it if their numbers grow independent but just may come back in fashion in germany. the german state of brandenburg has put up 120 kilometers of electric fencing on the border with poland it's an attempt to prevent wild boars infected with african swine fever from straying onto german farms just one confirmed case of swine fever here would result in all german pig farmers being banned from exporting pork swine fever has already led to the deaths of a quarter of the world's pigs in china last month a case of the disease that was discovered in a wild boar in poland just 12 kilometers from the german border. now to some of the other business stories making news. air asia has denied allegations it accepted bribes and returned for by air bus planes shares in the region's largest
budget airline fell 11 percent after malaysia's anti-fraud agency said it was investigating the claims on friday air bus agreed to pay for $1000000000.00 in fines to settle the accusations. locusts continue to threaten crops across a wide stretch of africa and southwest asia the united nations warns the mass forms are endangering food supplies cyclons in saudi arabia and yemen triggered the crisis creating ideal conditions for the desert locust to multiply. and that's it for me and that the w. business team for more you can always go to our website that's the w dot com slash business or follow us on social media and so much for watching.
us drilling in the fires have devastated human and natural environments alike. how are the people fairing now for politicians to be held accountable right. and will australia never fully recover from the destruction a continent in a mission cycle ravaged by drought and fire closer. next on t.w. . ito india. fighting hunger and fight crime
that's the mission of this retired police officer. i thought in the police that people do anything for that i mean i said before that. his project collects leftovers from restaurants to feed the poor. people in india. in 60 minutes t w. were systematically robbed by the nazis. and after the war there were no signs of compensation. jewish art collectors caught it and announced some on her 3rd reich didn't steal all these more works just to get more money it was truman they everything connected to jewish culture today researchers are searching for the
missing works of art. installation for the experts. and painful for the descendants. of the soma. looted art in the 3rd rush starts feb 10th on d w. more than 12000000 hectares of land have been ravaged since the outbreak of the astray bushfires in october 29th. that's an area almost $100.00 times the size of australia. 1000000000.