Transcripts For DW Business - News 20240712 : vimarsana.com

Transcripts For DW Business - News 20240712

Down roads with no names we feel asleep to live a relentless you know promise to make every delivery special and. Not just next day but every day. Thousands of children are still waiting for their delivery sponsor a box today so together we can deliver features. It. Is going to take a lot of cash 80 years already agreed on that front there are still disputes about how to distribute the 750000000000 euros through final 1st session. Heads roll for in this case the head rolls fresh fraud allegations see the c. E. O. Of scandal hit why god resign. And look im stealing the show or maybe even your job robot his take over the number of restaurants. I did as well and place to Business Time is taking a 1st round of e. U. Talks of failed to seal a deal on rescuing the economic bloc instead theyve highlighted discord europes facing its worst ever recession but leaders couldnt even meet face to face to talk about it. No black limousines this time and no flickering cameras fridays e. U. Summit was held in cyberspace but the issues the blocks leaders have to deal with are all firmly rooted in the real world the corona crisis has sent europe spinning into recession and money is needed for the fightback all agree that a Coronavirus Recovery Fund totaling 750000000000 euros will be set up 500000000000 a plan does grants for countries hit especially hard by the pandemic. 250000000000 are earmarked as loans and for the 1st time the entire debt package will be collectively backed by e. U. Members but not all countries like the idea of grants and collective liability the european commissions head has called for unity im convinced that for common success we must stay focused on the big picture we must all pull together we cannot afford any dealing. Theres no question that money is needed but analysts say it has to be spent wisely if its to boost the economy effectively so i think we should more pokus more on investments that are up interest to the whole of europe for instance trance transport infrastructure Border Crossing infrastructure. Types of terrorists ups Border Protection and things like that so there is a lot in our common interest raptors Energy Infrastructure as the leaders expect to reach a final deal next month when they hold their 1st face to face summit since the crisis began. Mikael said why a cut as c. E. O. Of the German Electronics payment company. Has quit with immediate effect his resignation comes on to the firm revealed the order to couldnt find close to 2000000000 euros in cash on the companys books the scandal deepened on thursday the lang its annual results for full time the companys stock has been in freefall this week earlier this month german prosecutors searched the dax listed firms offices as part of an investigation into market manipulation. Is out frank a correspondent will be balanced with a look at how traders view the scandal and his take on the way ahead for why not. Game over for marcus pound wire card see has stepped down a step too long overdue and its the right one people in the Financial Markets do believe and you can see that just a little bit at least in the share price reaction in the market at the chutes last it was building up the 2nd day in a row it became a little less huge but you know at the end of this week the investors in why are card are still looking at an unmitigated disaster more has to happen than just to see old leaving the new c. E. O. The new team they do have to convince people that theres some way of finding out where that hole in the Balance Sheet came from a make a plausible case of it and they have to get banks on their side not to recall huge loans that are a threat this or risk going under as an individual company. Stocks edged lower friday on news apple will temporarily close some of its stores again in the United States 11 shops located in states experiencing a resurgence in corona virus cases markets rallied in recent weeks as the u. S. And other economies around the world loosened restrictions investors now thier 2nd wave of infections will force the Global Economy back into lockdown. Lets go to the ends quarter in new york whats that apple news say about the high hopes of an amazing recovery the wall street had had. Well it clearly shows that their recovery economically and also health wise is quite fragile an apple itself will so what if they close a couple of stores but it just shows that this might actually happen in other industries and other places as well so that you might need to have partial lockdowns nobodys talking here about their lockdowns integrate and scale but its just very investors and you could clearly see it wall street was up before the news broke and then the market actually got under some pressure but also take some other news for example some restaurants they reopened when they were allowed to and now some of those restaurants are recall osing just because its becoming too costly to actually deal with the measures that you have to take for social distancing so and so on and so forth so that also shows you that its a long way back to where we were before the crisis exactly so. We can i bet there are a lot more of those to come. Well clearly but on the week in general it wasnt up the week blue chips increasing a good one percent the nasdaq composite so Technology Shares jumping by almost 4 percent so we had 2 main events this week i would say one was on tuesday when we got a record breaking increase in retail sales well we always have to consider how much we got hammered in the month of april so it was kind of easy to do better now in may and then on wednesday when the Federal Reserve for the 1st time ever in once that the fed will start buying back Corporate Bonds something unthinkable just a little while ago so basically its all this money from the Federal Reserve also from the government that is Holding Things together and looking ahead to next week will be a shortened week because of 4th of july and then slowly but surely well be looking at earnings season and that really could be crucial how companies are doing and seeing the future how we move along for the next couple of weeks you know lets see if theres anything to celebrate its called a man on wall street thank you. Now a brief look at some other business stories making news east africa is bracing for a 3rd outbreak of days of locusts threatening Food Supplies in a region reeling from damaging rains and the coronavirus my country pests have descended on the area in record numbers since late last year despite the use of pesticides and now the way is about to take to the skies. B. M. W. Will slash 6000. 00 jobs this year Electric Company has these demand plunging because of the pandemic sales are already in a trough production setbacks and also hard operations the german firm is also freezing its autonomous driving collaboration with rival miss avies benz. Frances Top Administrative Court has upheld a 15000000 euro fine on google for breaching the one line privacy rules regulators found while worlds biggest Search Engine lacks transparency in the way it informs uses about its handling of. Failed to properly obtain their consent the post lies that its. Japanese stormed to uni closed doors and crashed its website on friday the chain has started selling face masks made with the breathable fabric used in a popular line of its underwear the material keeps wear is cool in the heat and during exercise. If youve ever had problems with snotty nose way who you may just like this next story in many parts of the world social distancing is heralding the rise of the robots in the restaurant scene the latest in beijing taking place in the netherlands. Meals are delivered at a leisurely pace in this restaurant in the northern dutch town of or nasa so guests have plenty of time to get an eyeful of the Service Staff that say well we are. The robot arrived on time for us to use it to adhere to social distancing rules weve actually just wanted it as an innovative playful gadget that they didnt have here in the netherlands gadgets well nailed it dont need taste. Clear who the daughter of the owners is a student majoring in business she says she hopes that the investment will be worth it although shes discreet about the actual amount at the moment the robot is being used to avoid direct contact with customers its equipped with sensors to prevent collisions if you look the robot deep in the eyes you can see the camera it transmits a video signal telling the kitchen when the tables can be cleared. The robot can read out the menu or sing songs but the owners havent had time to program it properly yet. A restaurant in mass traced in the south of the country also boasts a robotic waiter a somewhat more futuristic looking model named amy which can say a few sentences to the guests here in new. Ways. The owner is still getting used to the new technology for the time being amy can only serve drinks and of course be the center of attention. I knew that i now like i dont know in a morning like you know like patricks i dont know its weird really weird and yeah its a kind of a weird situation i like it that were able to go to restaurants now so i think that getting people are able to see is that it strange like humans. Restaurants in china have long deployed robots as waiting staff now the humanoid helpers are gaining a foothold in the netherlands to. And before we go how about some time alone with a masterpiece general as sort of colleagues giving out love is just that with an exhibition it calls 5 minutes with one a is it is into the exhibition individually or with family or friends to view one of the french impressionists who are Living Paintings with no elbowing from crowds the museum says its using social distancing measures to offer something rare in europes art houses so. Fast in business or. A defector from mr sherman who was caught and arrested. Carrying border guard who did his duty. 30 years later the to get an. Order. 21. Next. Class interests here are enforcing the law the cuckoo drivers here need nerves of steel cool passengers here can get an eyeful along the way. Of taxis accommodate passengers all over the morning a good coach felix red coat 60. Dollars. Every journey begins with the 1st step and every language but the 1st word published in the book. Rico is in germany to learn german why not play with him simple online on your mobile and free cell phone d w z learning course nikos fake german made easy literature invites us to see people in particular that i like to see myself as the kids find strength grown up. Might take to. Work afraid. To do 3 books on you to. Do mine phantom is in fact like this is god. And then instructs me as yeah bottoms for unseen and. Put god in the is in the movie

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