By our government. Going through dollars pair of new years eve frasier. Our 2 part series the 3rd reich dog starts nov 12th on g. W. No. They are talking again britain says its ready to resume trade talks with the e. U. This is the u. K. Or reports of the highest debt to g. D. P. Ratio in 60 years as it struggles to get corona virus infections under control also coming off the drug maker will be fined 80000000000. 00 after pleading guilty over its role in the us epidemic. Atal startups are benefiting from the trench towards nonalcoholic drinks especially now. During the break i was going to. Walk up to do every business on want to jones and berlin got to have you with us and london is back at the negotiating table britain and the European Union are due to resume their trade talks today its a last ditch attempt to strike a deal to avoid a messy breakup at the end of the year the announcement comes after british Prime Minister Boris Johnson threatened to quit talks unless the block offered a quote fundamental change in policy. This comes as u. K. Government borrowing source amid the coronavirus pandemic taking public debt to its highest since 1960 the increased borrowing took total public debt above the 2 trillion pound mark or 103. 5 percent of g. D. P. In comparison germanys finance minister expects debt to make up just 75 percent by the end of the year and the European Union as a whole is still fairing better than britain the but only just with debt predicted to reach 96 percent of g. D. P. By the end of the year that according to e. U. Statistics now the deal challenges all the pandemic and breaks it are certainly weighing heavily on the island nation that is britain and for more im joined by hold this meeting t. V. Economist baron backdown good to have you with us so 1st of all when comparing these figures why is britain so deep in the red. Well britain had a fiscal problem to start with and now with the need to support households workers and companies through the pandemic public debt is soaring d across the board almost everywhere in the world the rise in the u. K. Is a bit less pronounced than in the us as there its a bit more print so the rise in the u. K. Is not quite as bad as in the us its a little worse than on the european continent but by and large this is a phenomenon across the advanced world of course i mean everybody is trying to get the coronavirus pandemic under control certainly the economic fallout from it and everybody is going into debt but staying within the European Union while the e. U. Member states can hope to get some sort of aid from brussels and sort of shoulder the burden together britain cant britain is out the right side of the e. U. So can you deal with a mountain of debt itself. Yes the u. K. Can deal with a mountain of debt like many other countries the u. K. Is a fundamentally sound economy and it will hopefully stay at least sort of sound despite the brics it if the u. K. Pursues sensible economic policies in the future. Oh and it appears weve just lost our expert. Which of course is a pity well try to get him back hold this meeting from bamberg bank and he was well that happens with skype from time to time lets move on however because we do have another report for you that stays with britain its been especially hard hit by the pandemic with more than 44000 people having died from the disease so far all in an attempt to flatten the curve Greater Manchester thats one of the united kingdoms biggest urban areas in the north of the country is to enter a new lockdown on friday it is a major blow for the regions economy which is already struggling with high unemployment. Manchester is going back into lockdown on the orders of Prime Minister Barak Johnson and against the will of the citys mayor andy burnham from friday there will be strict limits on going out and pubs restaurants and most shops will close. In the goshi ations with the government we were prepared to reduce our request to 75000000. 00 and we even were prepared to go even lower 65000000. 00 is the minimum to prevent. A winter of real hardship here is what we believe we needed to prevent poverty to prevent hardship to prevent homelessness. The lockdown will hit the working class city of manchester particularly hard as many monk unions live in poverty and unemployment was high even before the pandemic other cities in the north are also affected. Earlier we have the restrictions the and in those areas where there is only instance the better for the economy of those areas because we stop the infection spreading in a way which will do further damage to the economy. Infections are rising dramatically in wales scotland and Northern Ireland as well lockdowns are also planned in these regions local authorities are angry but the government insists its necessary to stop the virus affecting the whole country. American drug maker purge you pharma has agreed to plead guilty to criminal charges related to its role in the us opiate epidemic the company which makes the addictive prescription painkiller oxycontin has admitted to charges of defrauding the United States and violating the food a drug and cosmetic act prosecutors to find 80000000000. 00 but most of it will go unpaid because the company is bankrupt. And for more on that i am hopefully joint financial correspondent Chelsea Delaney in frankfurt i cant see her yet but there we are chelsea good to see you please tell me what exactly was perjurious role in the opioid crisis. Well according to prosecutors purges role was really as the architect of this crisis since purdue introduced oxycontin the market in the mid ninetys weve seen more than 450000 people die in the United States from opioid overdoses so its been a true Public Health tragedy in the United States purdue in particular was extremely aggressive and marketing and marketing these opioid painkillers and the new basically from the start that they were highly addictive but they played down the risks that they said that oxycontin was actually less addictive than other pain killers that there wasnt a higher risk of people overdosing from it and so all of this really points to the fact that they knew about these risks and went forward with pushing the drug anyways now we know that the company is bankrupt i mean how much of an impact will this actually have well critics have already come out very strongly against this including many state attorney generals. The government has brought an 8300000000. 00 fine against the company to because theyre bankrupt only about 2000000000. 00 of that is likely to get paid out and so what people and state attorney generals want to see is more aggressive penalties against the family behind itself the Sackler Family they transferred about 10000000000. 00 out of the company over the past several years to shield themselves from lawsuits and they havent yet faced criminal charges in this investigation so there is certainly a call for a bigger crackdown on the family behind oxy cotton in Rochester Delaney in frankfurt thank you so much for bring us up to date. Curfews in many cities and alcohol bans of origins are trying to prevent the further spread of the coronavirus now bars are seen as a major breeding ground for the infection because outcall problems people to misbehave and ignore social distancing rules but what about dr bars or most every big city has them now including belin. The 0 leak bar is located in one of berlins famous Party Districts whats special here all the drinks are nonalcoholic you can get beer and wine as well as novelty cocktails like 06 famous carrot cake these days you can find bars like this in london dublin and new york but in germany 0 lake is one of a kind. Some visitors end up here by chance others come here on purpose. I think it improves the atmosphere when theres no alcohol in play and they enjoy that i can go out and have a nice evening during the week everyones relaxed but theyre still clear as a bell. You know. We have some very young guests who are involved in the startup scene or artists who are in the middle of composing some new work people who need to maintain a clear head. And get in the wine with a 0 leak bar comes from another berlin startup called cologne annoyed since 2018 theyve been selling wine made by premium vintners in the german state of bought in britain bag 1st philip was the and his partner experiment with various blends and then the alcohol is removed from the couvade. Local wineries produce the product on a large scale a bottle goes for between 10. 16 euro. More and more people in europe are turning to alcohol free alternatives thats what our competitors have been saying and weve noticed it to. Colona nor the projects it will be selling more than 300000 liters of wine this year as well as exporting wine to britain and belgium the start up he said drinks also wants to profit from the trend the Company Launched its brand of non alcoholic spirits this summer. They distill various herbs and oakwood to produce socalled but china calls spirits which customers can drink pure or as an ingredient in cocktails the corona pandemic has actually helped the company take off i know. Theres not such a high demand for new products in the restaurant trade but people are consuming at home these days theyve been drinking mineral water all day in the evening they might want to drink Something Special and then theyre open to something new so. Now people from around germany come to the 0 the bar for a drink but the bar hasnt made a profit yet the same can be said for cologne the north and east have drinks still there following their hunch that more and more people will be drinking their alcohol free beverages in the future. That is a reminder of the top story this. London is back at the negotiating table britain and the European Union are due to resume their trade offs today in an effort to avoid a no deal breaks it at the end of the queue. And germany has reported a new Record Number of corona virus cases for the latest update new figures stands at more than 11000 cases one of them Health Minister jens meanwhile businesses are worried about the potential of further attempts. And thats your Business Update here to tell you at this hour from me and the team member lynn as always thanks so much in. The by. The by. The by. The by. From my shoes will become a shoe. To me by. The beginning of the end of animal based products. But which will turn a do is work and which ones are the. New ideas from the Global Market made any. Only. With different languages we fight a different thing thats fine let me also make up for Freedom Freedom of speech and freedom of press. Giving freedom of Choice Global news that matters d. W. Made for mines. Pigs in tight airless cages cows that dont know the taste of fresh grass chickens that never go outdoors thats the sad reality of factory farming the production of ever cheaper meat comes at the expense of the animals well being cheap meat from poorly treated animals come to the consumers expense to after all how can we
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