Transcripts For DW Business - News 20240712

A male. Looking for a 2nd season. About the environment still about society and its theme about our split off planet on the brain responsible leading experts in the film. Just the only real sense. The export powerhouse of germany comes tumbling down a full of historic proportions so thanks to a virus business worries about the recovery and lists the worst is behind us. Testing out the virus tourism the Spanish Islands of but to be open early in full force of holiday hungry germans and france falls out state aid to save its Aviation Industry for the money doesnt come for free the airlines will have to go green. Because of all of its new business german trade hasnt seen such an abysmal month since records began in april exports crashed by over 30 percent year on year and set a shockwave through europes biggest economy every 4th job in germany is linked to exports. Traffic here at the port of hamburg ground to a halt at the height of the corona Virus Outbreak coronavirus lockdowns and a looming global recession historic blow to the german export as his goods flow out of here. Double digit collapse in trade likely marked the low point for the export dependent german economy. Economies throughout the world have begun to reopen supply chains are coming back online and consumers are returning to restaurants and stores. But a quick return to normal might not be in the cards for the german economy. We have roughly 40 percent of our g. D. P. Go into exports so if they dont vote by one 3rd or if you compared actually to february or january its almost half of the exports we were having in april and probably expecting for me so this is really the right thing for for g. D. P. In the very short run for the 2nd quarter its not really so you want to know what happens in the 2nd half of the year obviously but for the very short run its definitely dramatic. Germanys largest trading partners neighbors to the United States are now facing historic economic slowdowns that means theyre buying fewer cars chemicals and machinery from germany and it will likely stay that way for now. Added of germans a like the sound of a spot some of the Spanish Islands a set to test a new type of virus tourism on germans the trials us next monday the governments under pressure to reactivate an industry that provides a 2 and a half 1000000 jobs. This could sort of arriving as soon as tomorrow everything is spotless the deck chairs are nicely lined up everything is in place to make German Tourists feel comfortable the weather makes it even more enticement blue skies pools and palm trees the employees want their guests to feel safe 300 new hygiene regulations it and practice under the watchful eye of medical personnel no one should be afraid of contracting coded 19 here. Not that were going to improve the use of technology so that the client can request without physical contact and the Service Available at the hotel. Just to be safe everything is disinfected regularly. Were not used to the new rules its just a lot of cleaning the. Beach police are also on duty theyll be making sure that sunbathers stay far enough apart the islands are conducting a test run with German Tourists now if that goes well the islands will let him guess from other countries starting july the 1st. France is the current state of emergency for its krone battered Aviation Industry its pledging billions in aid paris hopes the money will save thousands of jobs but the help comes with a catch. These are dark days for Airlines Worldwide despite new measures to prevent the further spread of covert 19 fleets remain grounded and passengers arent flocking to Summer Travel hotspots in france thats put at least 100000 jobs in the Aerospace Industry in jeopardy no the government is taking action. Now they could be. This morning we are declaring a state of emergency to save our aeronautics industry. Equipment so that it can be more competitive and Carbon Neutral in the 21st century. Thats the goal that the french president is seeking from this plan. Would leak which the entire cabinet worked on as we did i mean east we have pledged a total of 15000000000. 00 euros to. Do the next year. The money includes loans subsidies and government investments in Companies Like air france airbus and other Aerospace Manufacturers paris also plans to buy additional military hardware from airbus like refueling tankers and helicopters but the funds come with Strings Attached companies will be required to Fund Research into Carbon Neutral Plane Technology to the tune of 1500000000 euros. The question remains if the financing will help frances Aerospace Industry right out the pandemic turbulence the International Air Transportation Association expects air travel revenue to plunge by 50 percent this year. And warns passenger numbers arent likely to rebound before 2022 thats part of the reason that the e. U. Is now backing plans for a lax emission restrictions set to take in effect at the end of the year a move environmental campaigners warn could light airlines pollute freely for years to come. To some other business stories making headlines hong kong has ok to 5000000000. 00 bailout for Cathay Pacific the government says it has no intention of becoming a long term shareholder that wants to protect the countrys role as a global aviation no one is grounded most flights travel is restricted across much of the regions. Italian have taken to the streets all the museums and restaurants are starting to reopen they say the 2020 season for then is over they want state aid to see them through to next notch when they hope to resume is back home. And a german taxi company has joined the ranks of the 1000000000. 00 Tech Startups known as unicorns unit based is valued at over a 1000000000. 00 in new funding from top to best buy the gifted. One of the United States biggest frack is Chesapeake Energy is reportedly preparing for bankruptcy monday a chip shop some 190 percent off for picks oil deal stock was worth half that you stay on the latest News Companies spearheaded the shale revolution a decade ago making the u. S. The worlds Top Oil Producer but the credit crisis has crippled prices. Lets talk about that with your correspondent how can it be so skittish the share price shooting up like that one day in the very next day crashing. Yeah it is quite freakish what we experience and already on monday when the stock was up by about 180 percent as you mention it was everything but your regular trading day the stock actually got told to 22. 00 times that happens when you have a wild stings swings in their share price and now and there is this group or a report that chesapeake actually might figure out to file for bankruptcy protection the stock down now by more than 60 percent on tuesday the whole energy and sector is under quite some pressure with some Energy Oil Gas demand falling and then on top of it the chesapeake was already highly indebted even before and the corona crisis started in chesapeake as well it was one of those companies where youre really surprised that you think about oh they havent filed for bankruptcy protection yet. This is a prime example of a lot of stocks right now the volatility that makes me question why traders think this crisis is over. This is not trading what were seeing is pure a gambling its incredible what weve seen in the past couple of weeks and actually 2 months to look at the stock of boeing for example up by about 50 percent in the past 5 trading days only then on tuesday we got to the word that in may there was another 86. 00 and negative orders for the month of may since the beginning of the year the negative orders at boeing stand at minus 600 so that stock now down by a good 6 percent or if you look at the Car Rental Company and hertz the company a declared bankruptcy protection about 2 weeks ago but the stock is higher than when the announcement came out so we see all those crazy swings in the market so as i mentioned this is not trading this is gambling at this point as the New York Stock Exchange should be renamed into a casino youd make a good deal of thanks very much. Now. Many companies are in crisis mode to be serious guys others a seizing the day crises can unlock creativity and spur innovation you may have wondered where do so many of those plastic partitions in supermarkets and offices come from well someone has to make them. The Advertising Company both has lost a lot of orders since the beginning of the coronavirus pandemic it used to make signs like this one they had to change with the times if they wanted to survive. But even if went up or to get in on you know a pharmacist friend of mine called someone here in town and they said we need a protective barrier made of a critic for our employees and thats what i thought of you when you work with acrylic when you make letters for your science you have to lasers the milling machines and other machines and you have the know how can you build it for us. With 15 jobs on the line they started producing acrylic barriers the same day the result was this a transparent partition designed for pharmacies and supermarkets. On the glass how it falls on the through the you know the biggest challenge is getting those who did the metalworking or the graphics involved with the new project to say you want the well the anymore now youre going to put decals on it could sheets and help with the packing of a clue than that was one of the biggest problems not really a problem but one of the biggest changes is the. One who could not it was that. The employees actually adapted relatively quickly to the changes everyone still working full time nobody had to be let go. A hometown pharmacist became the 1st customer for the Advertising Companys new acrylic barriers and they were able to deliver the partitions within 24 hours a decisive advantage during the Coronavirus Crisis and the 1st step in a small town success story. And just before we go to clubs and pubs have lost billions revenue with beer drinkers forced to stay at home but their favorite watering holes a freshly reopening across europe france are open again island of belgium for this month the drink is must observe social distancing rules in places like germany they cant sit at the bottom. Faster businesses of us. The beautiful sparkle is in an ugly secret it might come. To the natural mineral gives cosmetics dishes on the most of it comes from illegal mines in india. And those who extract it are children. Deserve at all costs close up. Next on. Board. For. Every day campus for us and for our planet. Global ideas is on its way to bring you more conservation on. How do we make see the screen. How can we protect have a chance to lead we can make a difference with the ideas the environmental series of movies 3000 on g. W. And all modern. We know that this is very time for the coronavirus is changing the world changing our lives 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 you we are working tirelessly to keep you informed on all of our platforms were all in this together and together while making sure it stays safe everybody stays in stay safe stay safe please stay safe. We are in jharkhand northern india its one of the poorest regions in the country deep within these rocky crevices around 20 men and women are foraging through the rubble looking for the shimmering mineral mica there are thousands of mines like this in jharkhand yet they are not run by big corporations. All of the miners work for themselves