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People are still designs were shaping society. About how some crossover. With reduced part of our future somehow a car. Or a. Small part documentary stories maybe. W. China post its biggest economic decline in decades forming factory i point out a plunge in Consumer Spending have sent the worlds number 2 economy into a tailspin and we are ask what does this mean for the world. Also coming up the world bank and the International Monetary fund to call for widespread debt relief for poor countries bottling the coronavirus. On to preparing for the worst high side of africa as early response to the coronavirus has helped save also an even bigger disaster. This is the business on Cape Ferguson thanks for joining me the chinese economy has strong for the 1st time in almost 3 decades Authorities Say there was a 6. 8 percent decline in the 1st quarter of this year this after the coronavirus paralyzed production of lead to business across the country the government is preparing to step up stimulus measures to offset the impact. From more lets go to details his financial correspondent against costa in new york yes these figures from china would have been unimaginable a few months ago are investors rockholt. Well thats what you are what to expect and those numbers clearly show you that it is a long pause thanks to recovery in march part of the chinese economy called to me already got reopened but still we saw those figures how much Consumer Spending actually drop but if you look what happens here on wall street stocks on friday increase in the Dow Jones Industrial average by about 700 points almost 3 percent it was another week where we saw most of the gains and that after the week prior for the s. And p. 500 actually was the best week since 974 so wall street seems to ignore those figures that definitely show that its a long way back to usual and the economy ok and best as unsafe for net but its not just china of course the u. S. Economy itself is under huge strain while the prospects for those 22000000 people who recently lost and jobs. Well 1st of all probably more people will be losing their jobs and to washington started this 2 trillion dollar rescue package and some of those unemployed americans they will receive an additional check of roughly 600. 00 per week but the hope clearly is that the economy is slowly it will reopen so that some of those jobs will come back as soon as possible maybe you can see the little graphic in the back baby here comes the next Great Depression so we do know that the economy gets hit hard and it will take quite some time so that this downturn is over economists are not quite certain if it will be a big recession or maybe even a depression we just dont know at this point how slowly we can or how quickly we can restart the economy and also if we can avoid any setbacks health wise and also economic wise. New york scripts fancy art of keeping up with the zeitgeist its caught in new york thanks so much. On saying on the issue of americas workers the u. S. Government is providing stimulus checks to millions of people affected by the coronavirus but one group wont be getting any of those federal funds undocumented Migrant Workers now that the state of california has stepped in with its own plan. The program to provide stimulus payments to undocumented immigrants in california is valued at 125000000. 00 most of the funding will come from the state but a large part is also coming from Philanthropic Partners regardless of your status documented or documented there are people in need and this is a state that steps up always to support those in need regardless of status 10 percent 10 percent of californias workforce is undocumented 10 percent any over representation of that workforce is undocumented in the areas that are so essential to meeting the needs of tens of millions of californians today many undocumented workers are key to the agricultural and food sectors as well as manufacturing and construction in california newsome added that tax money spent now to keep people from getting sick infecting others and overburdening that states Emergency Rooms payments arent as large as the federal stimulus checks undocumented migrants are eligible for 5 100. 00 per person or 1000. 00 per household and that money will help bolster the california economy. The world bank and the International Monetary fund have urged lenders to offer debt for leaf to help poor countries cope with the impact of the coronavirus i. M. F. Chief christina urged. Governments and the private sector to step up their efforts to help American Economy more than 100. 00 countries have already requested aid from the i. M. F. 50 are set to receive funds before the end of this month. Correspondent all of us solid has been following these discussions by debt relief from washington oliver can you hear me hi there oliver now the chronic virus has hit which is here you know how worried are the world bank and the i. M. F. About what could happen if the disease spreads to poorer countries. They are very worried at this point of course just think about how difficult it is to put those mitigation measures into practice in developing countries that are densely populated just think about india also think about how difficult it is to guarantee access to food so of course those countries will be hit harder but you just mentioned that rich countries were hit 1st well and that all goes back to the financial situations experts also believe that rich countries are the 1st ones to get out of these out of the pandemic and out of the crisis economically and therefore this is why and where the Financial Institutions are coming in they have put together huge packages in debt relief as well offering suspending Debt Repayment and new emergency loans for developing countries with the idea behind it of course that this money then eventually can be used to strengthen the Health Care Systems in the in the poorest and most Vulnerable Countries around the world. And all over as you mentioned that the message from the i. M. F. And the world bank is do you think that commercial lenders are actually ready to take the hit. Well they have actually already agreed on suspending. Payment in fact hundreds of commercial and private lenders are doing so or planning to do so and the plan behind that is Pretty Simple were now nearing a situation where were getting closer to a Global Economic standstill of the Global Economy and in a situation like this if you were to insist on Debt Repayment then you could eventually have those poorest countries that have been countries getting closer to sovereign debt crisis and perhaps even to sovereign defaults and as a private creditor youd rather have your money late than never better late than never all of a solid in washington thank you very much for your insights. To some of the other business stories making news around the world airbus is set to cut hours for some 3000. 00 workers in front of the collapse in air travel the aircraft maker will top a government backed his employees to earn over 90 percent of their usual salary airbus has already announced plans to cut production by a 3rd. U. S. Car maker ford is expecting to make a loss of 2000000000. 00 in the 1st quarter and made a sharp drop in sales the company has shut down its u. S. And european factories teach the coronavirus pandemic ford is hoping to restart production in the 2nd question. When south africa registered its 1st corona virus infection in early march the government was swift to implement measures to combat the spread of the disease while Testing Capacity and protective gear remain an issue early figures suggest the strict policies are working. This is because we need township in the city of power the cramped conditions mean residents specially vulnerable to the crew enough virus to prevent the spread of covered 9000 here and throughout south africa thousands of Health Workers are carrying out door to door screening. Im just going to ask me. For any sign sometimes i dont know if i have this evening and you then leave him to the nearest clinic we dont pull slapping and stuff like this yeah south africa is karunakaran infections are growing slowly not exponential but even the government is skeptical about the official numbers the hope is that screening can pinpoint unknown outbreaks. The countrys 1st converts 19 cases have traveled from northern italy and early march since then south africa has closed its borders and bans most incoming flights south africa has implemented very strict measures already after the 1st few cases like a very strict locked down in the entire country but can these measures help to avoid a shop increase in the number of cases. Hospitals throughout the country are getting ready and setting up testing stations 80 percent of the population depends on the Public Health care system and it was already overstretched before the coronado iris crisis started. I think we put all of planning to be. The no investor the issues so we normally see on average about 150 patients a day. We can probably manage up to about 26170 patients today so that unknown or am i going to see 22050 patients a day and then were going to get my resources from if we do jump up to that number and its unclear how the pandemic will ultimately play out these days in south africa theres little sign of this bear or resignation in the fight against covered 90. Thats it from me in the Business Team here in berlin you can get more on our website at www dot com business or also on social media to feel free to drop us a line on facebook and treasure its the buy and take at. The for. The ready for liftoff. From your solar system. And taking classes measurements. They can all be done with the space telescope rosita. And researchers are working on a map of all the galaxies suddenly the universe doesnt seem so big after all tomorrow today. The artist. Oscar winning director of. Her films go straight to viewers heart because she shows the. Surprise. The kind joy currency on society the true children. Its going to get funny. Spotlight on leno mean any interview marks 21. 30 minutes on d w. Z. Maher always a symbol of a long conflict in the philippines between the muslims and the christian population. Instructors occupied the city center in 2000. President due to his response was. This is not the kind of freedom that the. Coded morale where you become a way to islamist terror. An exclusive report from a destroyed city. In the sights of fire starts may 20th on g. W. Well come to tomorrow today the science show on d w coming up. The hunt is on for dark energy we show you the 1st spectacular images from that even as the to space telescope. Melting glaciers could building dams how cushion the effects of global warming. And the treasures of a Computer Museum a day to salvage experts

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