Of a sows are Available Online and of course you can share and discuss on africas Facebook Page and other social media platforms. Crime fighters tune in now. Big corporations weigh in on protests in the u. S. So what a netflix and nike have to say about the killing of a black american by police and how seriously should we take them take a look. Also on the show socialist venezuela turns to private gas stations to solve its fuel shortages. And all stroy of wine producers reap a bitter harvest following last years bushfires. This is your d w Business Report im saving bears in berlin its good to have you with us. Nike netflix us just some of the corporations sounding off about last weeks killing of African American george floyd by police and aligning themselves with protesters Netflix Netflix rather posting on twitter over the weekend to be silent is to be complicit the Department Store nordstrom said that it is deeply saddened and angered nike meanwhile saying dont do it excusing racism that is Many Companies are supporting the black lives Matter Movement which protests racial inequality in policing. And lets go over to our financial correspondent in new york. To what extent is the unrest that were seeing on main streets across the u. S. Leading over to wall street i mean 1st of all if you look at businesses some of them do feel it in pick to take lift and for example they decided today to stop service at least in some cities for now some stores are closed early or or at the end tire day if you look at some nike or apple stalls for instance you had a lot of c. E. O. s from big american banks speaking against racism but if you look at the stock market in general that all jones industrial average actually was up on monday by almost 100 points besides the protest besides the pen to make. Further tensions between the u. S. And china. Now as you mentioned apple there lets take a look at something the c. E. O. Tim cook said recently. He said that issues of Human Dignity will not abide standing on the sidelines now this was part of an internal memo within apple that was then leaked later and so yes obviously a big statement there from one of the major corporations leader of one of the major corporations in the u. S. How necessary is it for these companies these days to take a position on social issues that they might have avoided just years earlier. Theres no way around it society is getting more polarized day by day month by month and the murder of george floyd is not the 1st instance where we also saw pressure from employees from clients from the market for example when it came to deport taishan when it comes to it came to gay rights or this is just in another Even Stronger case that were seeing right now and companies have no other way and no chance to get more political so the pressure from the Society Overall is very high and just creasing day about it or a so no way for wall street to stay out of the fray these days yes quarter with the latest from new york thank you yes now in venezuela cheap fuel has long been seen as a birthright but dysfunctional refineries and u. S. Sanctions have dried out gas stations and now private stations are opening up to meet the demand long lines in caracas venezuela is letting private gas stations supply what the state cant venezuelans can buy gas at International Market prices and. Selena but ive given that weve arranged to have 200. 00 gas stations so they can freely sell at International Prices field 0. 50 a liter gasoline. Thats 25. 00 times more than at state run gas stations where drivers can buy 120 liters a month even though venezuela is the worlds most oil rich country theres usually no gas to buy if you venezuelans can afford gas at the new pumps. To adopt with a minimum salary of 4. 00 i dont think anyone can pay those prices but venezuelans will always look for a way to work around things as theyve always done. I think its a solution to the disaster that we have with gasoline because prices are set. To go. Private gas stations wont be able to fix venezuelas fundamental problems the state run Oil Companies run down and can only produce a fraction of what the country needs and tankers from venezuelas main foreign supplier ron arrive infrequently u. S. Sanctions on both iran and venezuela are making the scarcity even worse. And lets take a look now at some of the other business stories making headlines around the world russia has signaled it could extend Oil Production cuts with leaders open to a meeting of crude producers this week opec and its allies agreed to cut output by 9700000. 00 Barrels Per Day through june the oil cartel which is led by saudi arabia is now expected to discuss extending those cuts for another month or 2. Pandemic measures all chiles Economic Activity plunged over 14 percent in april finance minister Ignacio Briones also expects a very significant drop in the worlds top copper producer in may and factions in latin america have surged past 1000000 and chile is among those registering sharp surges. And the flagship German Airline lufthansa is one step closer to fulfilling conditions to receive a multi 1000000000 euro state aid package of tons a Supervisory Board voted to accept conditions imposed by the European Commission include giving up some landing rights at major airports the demands must now be approved by the tons of shareholders. India has passed pending measures to help farmers Street Vendors and smaller Business Owners hit by the crown of the crowbars lockdown rather the Delhi Government hikes purchase prices for 14 crops and approved a 6500000000 dollar infusion plan for small and midsize firms a micro Credit Facility will meanwhile offer vocalist loans to Street Vendors. Now here in the live Events Industry the past few months have not been too good but one company in australia a clever solution has turned crisis into opportunity take a look. At stage kings used to make sets and platforms like this for huge live events such as the pop up Globe Theatre and Ultra Music Festival so when the Australian Government announced in march that it was banning all nonessential live events of 500. 00 people or more stage kings took a huge hit with an estimated 2500000. 00 australian dollars worth of cancelled business the friday we had to tell them to take to leave the case and take it to it was just horrible it was a really terrible day and we were on a real downer after that and to be able to turn around not even a week later maybe 24 days later on the tuesday afternoon so we went live and we sold 20 disks that afternoon bought by wednesday we go as we need a few people back theyve gone from laying off 23 people to hiring back them all and taking on 33. 00 more workers thanks to a pivot to isolation focused furniture standing desks laptops stands and of course wine racks the company has even temporarily rebranded from stage kings to iso kings a reference to quarantines imposed on a scale and around the world. And i so kings isnt the only company in australia adjusting their production and manufacturing lines weve seen incredible nimbleness in manufacturing you know you have all these gin micahs that are now mike in. Your craft brewers doing the sign companies systems in ballarat that and they are making ventilators when they were doing Mineral Processing that molten headline the same thing so youre saying you know manufacturing a strong strongly manufacturers in a matter of weeks switching their whole production on. Big International Artists and events are not expected to return to australia until at least next year so the stage Building Business is on hold for now meanwhile more home workers and quarantined australians are buying tools to help them adjust to this new lifestyle i so kings says in the last 8 weeks alone theyve sold over 7000 items. Now its also been a rough season for wine makers in australia but also much because of covert but rather the massive bushfires from last year. These grapes may not have felt the full heat of the flames but they are nevertheless a casualty of australias wildfires theyve been left to rot after being tainted by smoke which hung in the air have to the fire came within 100 metres of robert colemans winery in new south wales. It was pretty close when i looked on the roof a couple days off the farm to see if anything needed cleaning out the roof and they got as full of little burnt bits a tin book and in the weeks that followed the skins of robert colemans grapes absorbs chemicals from the lingering smoke it ruined face years vintage in a way that only became apparent after the wine was ready. If you have smoked its like picking up a dirty ashtray at a pub and licking the ashtray its just a crude and revolting. Australian research estimate 60000 tons of great crops were damaged by the wildfires but disaster has changed the wine industrys understanding of how widespread the destruction can be. We thought that the harmful compounds in the smoke really fell out over the 1st 20 to 44 metres away from the far south of what we see in this years in a number of reasons which are probably a 100121 his wife in the bar where the damage has been quite consider the tarnished grapes account for around 4 percent of australias overall wine crop meaning there is still enough left to export but the many tainted gallons when people going anywhere. Since. Disgusting but. The right thing in australia mining group rio 10 to has apologized for destroying a 46000 year old cave site sacred to indigenous australians the shelter the shelters rather in the remote ju kong gorge seen here in 2013 for signs of human use dating back to the ice age but last week they were legally blown up as part of rio tinto as plans to expand an iron ore project and the demolition sparked an outcry and renewed a National Debate on protecting indigenous heritage sites thats it for me and the d. W. Team here in berlin exile was for watching. Lots of Homeless People can now be seen on the streets of japan. In tokyo alone 4000 people that used to spend their nights in internet cafes. But then the campaigns had to close because of the coronavirus. So one could do how to find. 3000. Next on d w. We know that this is very time for. The coronavirus is changing the world is changing. So please take care of yourself keep your distance and wash your hands if you can stay at how were d. W. B. For here for we are working tirelessly to keep you informed on all of our platforms were all in this together on together and when they can. Stay safe everybody. Stay safe stay safe priest his face is. Like. Oh. My god just love our lives see the brushy so. Still. Some many different walks of life. Some or. All to try to come straight from the heart. The rush into eternity to death starts to new take on g. W. Welcome to global 3000 no job no home the coronavirus pandemic is pushing the poorest to the brink even in wealthy and actions like japan. No rain in
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