Box challenge sonys play station 5. Welcome to the show im Stephen Beardsley in berlin good to have you with us well there are nubile such or is growing at record pace that despite the Economic Impact of the krona virus according to the International Energy agencys annual report winds and Solar Photovoltaic panels are on course to replace coal as the largest source of Electricity Generation worldwide by 2025 and this year 90 percent of the increase on overall Power Capacity is from Clean Energy Even so analysts warn that governments are not on track to meet their paris climate agreement commitments. Now one of the Major Players in the renewable sector is Siemens Energy it was carved out of the german engineering giant just 6 weeks ago in a bid to create a smaller more Nimble Company in the surging sector of the economy. Energy released its 1st Quarterly Results today its 1st yearly results i should say with a fiscal year loss of 1900000000 euros in a moment well hear from its c. F. O. 1st just look at the company itself giant natural gas and coal fired power plants these were one siemens Main Attraction but this Business Model no longer works the Energy Sector is in transition moving away from fossil fuels to warrants renewables environmentalists have long criticised the company for clinging to tightly to fossil fuels carving out Siemens Energy as a separate company was supposed to change that but it faces a difficult few years the Siemens Energy has about 90000. 00 employees thousands of those jobs are now in jeopardy as the Company Names to cut about 1000000000 euros in costs by 2023 wind power is the companys best prospect but even this line of business which Siemens Energy operates with spanish partner gamesa is not running at full steam the construction of onshore turbines in particular has stone and joining me now from munich is Maria Ferraro shes the chief Financial Officer of Siemens Energy maria thank you for coming on to the show. This 1st fiscal year revenue down the whole fiscal year profit down and orders down for the most recent quarter how concerning are these numbers what it looks like the pandemic is it going to ins next year. Yes of course pandemic is a concern and has been and of course humans energy is not immune to the cove in 1000. 00 impacts we have felt the impacts but overall Siemens Energy for the year had a strong finish and actually grew in orders by one percent and for that were quite pleased that 79000000000 of order backlog i mean approximately 3 years worth of revenue to be exact and of course yes youre right i mean revenue was down and of course there were headwinds coated and market headwinds your guidance for 2021 says no further adverse impact from the pandemic in the coming fiscal year does that mean that we can expect same as energy to be profitable in the near term. Well of course the pandemic is in clued in our outlook we do have assumptions around that but of course we have not assumed for a full shutdown like we experienced last year we we do assume that we will be steady steadily increasing to what the new normal is and of course were watching the cove a pandemic with a very watchful eye to see how that impacts Going Forward also big news coming out of the recent fiscal year results the decision not to take on any more coal fired power plant new tenders what does that mean for your business though how many of these tenders were actually in your order book in the 1st place is this a fading business. Stephen i mean this is a very important decision that Siemens Energy has taken as a responsible company that has sustained ability at the core of its purpose we absolutely are going to participate in the Energy Transition and that includes decarbonise ation in this is the 1st step. Speaking of the carbon ization the north American Market is a massive market for potential for a new bills for grid for gas all of the things that are in siemens sort of purview what is the recent Election Results mean potentially for siemens it must be it could open up a very big market well i mean for Siemens Energy the u. S. Is a big market has always been a big market and of course from generation all the way to renewables we see that in the past years regardless of administration theyve really put their focus on the Energy Transition and we fully as we have in the past fully expect to participate regardless of the administration into the future by the way dont let my accent fool you im canadian. Maria ferraro and she Financial Officer for stevens energy joining us from munich thank you very much. Right now we go over to india which banned dozens of chinese apps earlier this year following border clashes between between the 2 nations among those apps were social media sensation ticktock in a recent interview with the countrys foreign secretary defended the decision and says it hasnt cost his country an investment from big tech firms. China and india not on the best of terms at the Moment Border spat between the 2 countries is ongoing and indias decision to ban chinese apps including tick tock isnt helping either. In an exclusive interview with g. W. Indias foreign secretary schwing law says this is nothing to worry about banning big doctors not amount to a binding investment in the sector. What we have looked at is you know a government approval process for investments which is no different than china has for investors into china many criticized chinas approach to investment indias decision raises the potential perception that it could be a dodgy place to do a high tech business but foreign secretary xing last this india is still receiving large sums of money and china is not the only source. From board march to august this year. To be 5730000000. 00 of investment which is 13 percent more than the previous year. And much of this investment has come from Big Companies not just from the United States but also from the gulf from other countries and on the word. India seems to be joining western countries in resisting chaneys advances in the World Economy together with the u. S. Japan and australia it has formed the socalled quite alliance which aims to shape the pacific trade many argue its a Counter Measure to a rapidly rising china. And for more on this im joined by deed of the Business Reporter Ashutosh Panday ashutosh good to see you now more than Just One Company has a stake in this trade relationship between india and china right i mean this goes beyond. Yeah exactly its not just about take and the other apps that john that india banned in fact those are the low hanging fruit for india to have lived and retaliated against china for its aggression at the border. But having said that there is just a limitation to what other measures can india take against china to hit back at it for its aggression and they would actually need to tone down their rhetoric and start working together because china is expected to be the biggest economy Going Forward in a few years time its one of the biggest investors around the world so india can ill afford to be at odds with china and also even if you go by Current Situation india is heavily dependent on chinese goods not only the finished goods but also Raw Materials Industries Like pharmaceutical and. 2 sectors they are hugely dependent on imports from china if i could just give you a personal anecdote my friends so many of them started saying that ok were not going to buy chinese phones but eventually they ended up buying phones from china or those phones assembled in china and now they have actually resigned to the fact that well well boycott chinese good as much as it realistically possible so there is a caveat there no wash as we heard the minister there or the secretary say mentioned tech investment in the country is he right that big tech is still coming to india despite these bands. Well absolutely yes the numbers that he just mentioned are true and but there is again a evy we should be cautious about those numbers because a bulk of that investment come from the likes of Google Facebook but theyve come from for one form that is the villains industries and the and these are the companies which are trying to bet on indias Growth Potential as far as internet retail is concerned or internet or telecommunication is concerned so its Just One Company and we should be questioned that the investments arent actually coming to the Manufacturing Sector thats where the focus of the Indian Government is making india that hasnt been a largely a nonstarter not much investment is coming there and and that should worry the Indian Government because thats where the jobs could be created and specially after a pandemic like this where so many people have lost their jobs so its a different think just to have numbers numbers but. If that number if those investments are actually reaching the other sectors thats a big question mark actually or a bit of a business i should thank you. Whats a big week for Electronics Retailers 2 new game consoles are hitting the market just in time for Christmas Season microsofts new series x. Consoles land on shelves tuesday or sonys play station 5 arrives on thursday both systems are already seeing record sales. Finally theyve got their hands on what microsoft says is the most powerful console ever the x. Box x. On the right this one just to try it the soul store but keen gamers can buy their own from today on what better timing. With half of the world in lockdown and week long quarantines conditions have been ripe for video game makers and players even before the coronavirus truck sales were phenomenal as hundreds of millions of people around the world played Computer Games narron microsoft is on the offensive unveiling its latest x. Box x. On choose d. And hoping to gain ground on rival sony the us giant sales figures for the previous x. Box generation lagged behind those of the japanese titan. Since sony introduced its playstation 4 in 2013 it sold more than 130000000 consols thats well over twice as many as microsoft x. Box one the predecessor to the new x. Series the top versions of both consoles come with price tags close to 500. 00 euros and there are record preorders for the units but well have to wait until january to see who came out on top in the christmas rush. All right thats it for me and the Business Team here in berlin for more on these and other business stories to check out our website d. W. Dot com slash business and world social media to check us out on twitter and facebook thats it for us as always thanks for watching. The fight against the corona virus pandemic. Has the rate of infection in developing what does the latest research say. Information and contacts. Virus update. On t w. N u you may know years years we knew you and how the last 2 years german sausage how we got our map because you never could have been surprised himself with what is possible who is medical really what moves them want. To talk to people who follows her along the way i admire those and critics alike how is the worlds most powerful woman shaking her legs. Join us the metals last august. The race for a vaccine continue. In the speed of that race is worrying some. Survey shows 83 percent of americans would have safety concerns if a Coronavirus Vaccine were approved too quickly. Of course the Research Needs to be done but others are totally against vaccines. Experts blame that on rampant misinformation and the fact that many people dont understand the Science Behind preventive medicine. Its exactly why scientists are taking to social media to explain the complex life saving roles they play. Because our lives are on the line. Well instead of petting samples and analyzing data researches are trying to demystify trades by using to stop. At a place he says its a new frontier for them but they came to get across their message that vaccines are extremely valuable even though theyre not the sole solution to this crisis ill talk to an er in a moment 1st incredible progress scientists are making on the back same front in this pandemic us pharma pfizer and germanys beyond the 1st to show successful data from a large scale Clinical Trial of a Coronavirus Vaccine they say its more than 90 percent effective. Ecologist say the vaccine needs to be stored of mine is 80 degrees celsius that could create major listicle challenges for mass treatment outside major urban areas and in low war middle Income Countries but they say the breakthrough is a relief hugely positive and very encouraging to say. Need to wait for the final results but that this could be a watershed moment lets hope it is. Millions of doses could be ready by the end of the year still the experimental vaccine is not the only one being developed there are about 200. 00 of them around 40 are in Clinical Trials and there are different methods being used to make them. Various kinds of vaccine for corona virus are in Development One kind is an inactivated virus vaccine that uses proteins from the virus to create the vaccine viruses 1st have to be broken down into parts and their infectivity has to be destroyed so its no longer dangerous. But it still has to provoke an immune response in the recipient so that the immune system develops antibodies to it. So what are the advantages and disadvantages. Of this approach is well established. Companies that develop and manufacture vaccines are familiar with it. And the production processes have been perfected. But certainly an advantage. The disadvantage is that it takes time to grow the underlying virus in large amounts if more is needed. A viral vector vaccine uses a harmless live virus of a different kind as a carrier to transport genes from the dangerous virus into cells in the recipients body. A protein gene from the virus is 1st added to the benign one in the case of the Novel Coronavirus its a spike protein gene. Modified virus that resemble sars kovi 2 in one key respect immune system detects the offending protein and creates antibodies in response. To the safety requirements for growing the virus not as strict as with inactivated whole virus vaccines of. Disadvantages are that it takes a lot of time and you have to choose vectors that are not affected by any preexisting immune response capability. And. Then there are vaccines that use messenger. Or an egg for the Novel Coronavirus is m. R. And a with instructions for making it spiked proteins. Such vaccines prompt cells in the recipient to make such proteins themselves which in turn provoke an immune response although these proteins are not dangerous they are still identified as enemies by the immune system which then creates antibodies and thus immunity. For. One advantages that the safety requirements are much less stringent. Another is that you can modify the r. N. A. Quite quickly money a fact that within a short period of time perhaps 6 weeks are in a vaccines can be produced in very large volumes millions of units you cant match that with vector whole virus or other kinds of vaccine stuff leashed. So each of these approaches has upsides and downsides nonetheless theyre all considered worth pursuing it is likely that we need more than one vaccine. And bioengineering joins us from london whats the problem here and our if if we totally rely on one or more vaccines coming along to solve this crisis. Yes so really you know we have a lot of different tools that we can use to fight this pandemic so you know if you were being approached by a swarm of mosquitoes and you had the choice to use nat fly swatter and bug spray or something you wouldnt choose to use just one of them so in addition to vaccines and the many different vaccines that we might have available you want to also be using mass and Public Health measures like social distancing as well it even if we do get a vaccine or more vaccines at some stage soon i hope its not going to be an immediate fixes it. No no definitely not so it will take some time to roll it out to the population but even when you receive a back scene depending on the type of vaccine it can take anywhere from 2 just 6 weeks to induce immunity so theyre still little bit of a lag time. And though there are a lot of people out there who are going to want to take that vaccine all those vaccines how has misinformation on vaccines made your job difficult. Yes so we often view it as people that are provaccine are anti vaccine and i really think its kind of a great area in between so im part of a new team called team halo which is an initiative to connect scientists working on coding 1000 that seems directly to the public and we do this through tick tock so were able to make videos about how we make vaccines how we test them and be there to answer any questions that people have so its a really great way to connect with people who are skeptical or critical and you know i dont really think thats a bad thing as scientists were taught to be critical until we see the data and often the public isnt you know proxy to that data but data doesnt know how to interpret it and so its great to be able to connect and have actual conversations with people you know making all of this process transparent which is important id like to know where all the misinformation on vaccines actually comes from. I think just in general you know there might not be a lot of people that are educated on vaccines or how they work and so when stuff starts to kind of just stew in the internet there are a lot of rumors fly around and you know sometimes people just dont know what to trust anymore so were there to kind of improve that trust and just be a direct source where you can ask questions and get an honest answer from a scientist and honestly can you answer this one to try to answer this question once we get consensus once we do have vaccines and people taking them when could things start returning to normal. Yeah thats a really hard question to answer so i think based off of some of the trials that are really in kind of the final phases in phase 3 of their Clinical Trials right now those are looking promising so i think we might actually have x. Eans possibly by the end of this year or early next year. Its really hard to say worldwide how well be able to distribute those and kind of return to a normal society so yeah im hoping for early next year but im also just cautiously optimistic has crossed bioengineer out of late may thank you very much thank you. Your questions now of the coronavirus from sending them into our you tube channel and g. W. Science correspondent Eric Williams will take care of the rest. Can you tell us more about the b. C. G. Vaccine Clinical Trial thats currently underway. Well there are a few studies looking at this but i think the one that youre talking about which has received the most Media Coverage is called the brace trial its being conducted in several countries across the globe it involves around 10000. 00 volunteers many of them Health Care Workers but before we go any further i need to provide a little more background the b. C. G. Vaccine which has been around for close to a century is usually associated with tuberculosis prevention though it also appears to help prevent or at least reduce the deadliness of a range of other infections the theory is that the b. C. G. Vaccine is sort of a generalist vaccine that helps strengthen the immune response to many respiratory diseases by enhanced saying your Innate Immunity however its no longer widely given in countries where tb has grown rare but in countries where its still endemic and the b. C. G. Vaccine is still common there are lots of studies showing that it impacts things like Child Mortality rates and and many of those same countries also appear to have lower mortality rates in the cove in 1000 pandemic the problem is is that its hard to show that the b. C. G. Vaccine is maybe one reason why because a lot of other factors could also be playing a role its kind of hard to filter out all of the noise and thats what the brace trial is trying to do in a systematic way and if we dont have a more specific targeted 19 vaccine soon and the study shows that the b. C. G. Vaccine does indeed help lower a covert 19 transmission or severity it could one day be seen as a kind of a stopgap tool in the pandemic but but thats still a big if. And finally in the philippines a plant is taking root the stress of lockdown and financial pressure caused by the pandemic have prompted and the filipinos to seek comfort in their gardens and themselves the nicknames toss and plant uncles and aunties demand for greenery has blossomed amid the coronavirus restrictions and business of plant markets is booming social media platforms are full of photos of flowers before carefully tended in backyards and on balcony says house bound filipinos trying to nature to relieve stress and boredom. Ive been following for any other developments on the virus go to our website at the w dot com slash covert. See you again here but one. Cause. The team claim top 40. 5 says. George. Miller claims you can barely. Do any on the floor of the field hands off the kids and its so hard to place. The. Control magic seems of the gates of europe up levanon is in freefall. Even before the devastating explosion at the port of beirut the country was in the midst of a serious crisis more and more young people are asking themselves whether they have a future there. Should they give up keep fighting. Keep 90 minutes on d w. Home. Early. Hours of the morning. When the personal war newsoms live from. In those polls swollen. In these low goods will soon. Slow news no love for the workers. Doesnt learn to work using the verb or the. Constant. Her closely. A current form. But a bit of. The but. This is the w. News live from berlin and the world welcomes the news of a Coronavirus Vaccine that could work both live of course was it. A shot of hope that is 90 percent of the facts it will see how terminators biotech and us pharma giant pfizer have to
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