Diary. And welcoming us into the. Let us get as up close and personal as the pandemic will allow. The diaries starts minute d. W. All eyes on europe and the u. S. As their economies begin reopening in parts so can businesses find their footing or will a 2nd wave of infections push them back to the brink. Also coming up saudi arabia announces further cuts in Oil Production and further measures to help its Oil Dependent economy. And well look at how the pandemic is threatening medicine shortage just at a pharmacy near you. This is your Business Report im Stephen Beardsley its good to have you with us wall street wavered monday as more economies began reopening at risk of new infections the dow index. Much of the session down before recovering some of its losses in spain france and belgium have all relaxed some pandemic restrictions beginning this week as have more states in the u. S. Meanwhile south korea once a model for its response is reporting new cases as is the chinese city of wood on where the virus originated. And lets go now to our financial correspondent in new york yen scored a positive run for wall street last week why was it so unsure as a kicked off this week yeah there is a sentiment on wall street that when it comes to stock prices we might have seen the lows in march but theres also a sense that was the comeback that weve recently seen that also the best of the recovery might be behind us and then we still have a lot of companies coming out with a preview dismissal Quarterly Results of mary it was sort of one of those examples here on monday or under armor the competitor to do you does and im standing here in front of a local Movie Theater because there was one stock that traded up by almost 30 percent and that is Amc Entertainment the biggest a Movie Theater chain in the world so there were some media reports that amazon actually might be interesting choir ng acquiring amc and that drove that stock price up prize a lot of speculation about what the business landscape looks ahead looks like ahead now weve heard a lot of talk about a. V. Shaped recession recovery that is the idea that economies will rebound quickly once they restart is that just fantasy now based on what were seeing. Well i think its rather unlikely that we might see a v. Shaped recovery i saw some reports some here on monday that actually we might not see a v. Shape but a normal recovery and that seems to be pretty likely we will cause we will get certain setbacks when it comes to the economy and its not like a light switch yes we did switch the economy off but you cant just switch it back on so i think a v. Shaped recovery doesnt seem that likely even if wall street is trading right now on hopes that the economy restarts we have the next dolts that the car industry slowly is starting production again boeing wants to produce the mix 737 planes 2 and we hear from starbucks that by the end of the month theyre going to reopen almost all of their stores some in the United States so there is this piece of good news and hope but it will take time to really come back to where we were before the crisis hit. Quarter with the latest for us from new york thank you over to europe where as part of those loosening restrictions we mentioned restaurants in northern germany have begun reopening for diners that means a few changes such as waiters Wearing Masks tables that are further apart and new ways of ordering from the menu. Its been a while since Restaurant Owner concept in law has been able to have a chop with his regular as. The new rules mean he and his staff have to wear mufti. Who was asked to do it. Up and running but its really hard because you have to maintain one and a half meter distance its up to us to approach the gas they cant just wander in like they used to and say id like a table we have to take more of a. Menu no longer comes in its traditional form. Instead you can order the meal of choice on your smartphone. The ordering system did seem a bit strange at the start but its really great imo i was a bit scared of trying new things but im glad that cotton has reopened the place and that we can be here again. There arent many bookings on the 1st day of reopening to limit the spread of infection the tables are further apart than they were before the coronavirus that some answer to a 40 percent reduction in capacity. Thats the flip side of it lets turn over means we have less money to employ people and we have to decide who comes in who goes on short time work schemes and who gets let go. The restaurant is located in the northern states of mechlin book for. The region has had relatively few cases of the coronavirus so far but it relies heavily on Tourism Hospitality representative say they need more support pointing out that livelihoods are at stake. But. Without more help Many Companies wont be able to survive the next few months last alone the winter. Just one in 3 restaurants in the region have chosen to reopen many are still busy making the necessary arrangements. In lawless hoping his eatery will be able to get through the year. Its been hoping that their thoughts on meals will be reduced from the current 19 percent down to 7 that idea has been scrapped but it would have meant 12 percent more per meal that would really help us. Put the hospitality sector this pandemic means learning to adjust and holding out for a price or time. A saudi arabia has slashed oil output again the Kingdoms Energy ministry announcing monday it would deepen its production cuts by a further 1000000. 00 Barrels Per Day the saudi economy is reeling from slumping demand caused by the krona virus pandemic and thats pushing its leaders to curtail expenses and broaden their investments the Coronavirus Crisis is giving saudi arabia a taste of what happens when the oil stops oil and gas account for nearly 50 percent of the kingdoms g. D. P. And 70 percent of exporting income its a world away from december when National Oil Company saudi aramco went public and became the worlds most valuable listed company. The price of crude oil has plunged dramatically since coronavirus lockdowns led to a massive reduction in demand in the 6 months in ceramic oh launched its shares all has lost much of its value on Global Markets even dipping into unprecedented negative territory. In an effort to shore up its slumping economy saudi arabia has unveiled plans to triple its value added tax to 15 percent and has halted monthly allowances to citizens the kingdom is also looking frantically for ways to diversify out of fossil fuels its aiming to promote investments in tourism and leisure such as for the proposed purchase of English Football ClubNewcastle United mean while the oil price light is a reminder to a ram co of why it is desperately trying to move into Renewable Energies aramco stock prices also been in steady decline this year yet so far it has not fallen anywhere near as sharply as the overall price of Oil Saudi Aramco reports 1st Quarter Results on tuesday analysts are not expecting a pretty picture. Of the pandemic continues to wreak havoc on International Supply chains getting those for medicines many of the components of common medications come from countries like china and then move on the secondary countries so what happens when production of the raw material stops to look. Its loud in here stuffy and smelly manufacturing antibiotics is a dirty process and back in march production at penn laboratories near delhi was going full blast churning out 150. 00 tons a month the final product goes to 60 countries including some in europe where its pressed into pill form but the precursor substances come from china and the coronavirus shut down their threatened production here it just shows how utterly dependent the world is 80 percent of medicinal Raw Materials come from china india used to produce them too but chinese products are cheaper than had been in lost revenue by 30th seed in there that the. And many a i was going to read they had part of our dead and went begging and a variety. Theyre tired that theyre really taking their heads so they were thinking. In germany pharmacists like here near stuttgart were having to apologize to customers about supply problems shortages of keep painkillers and Blood Pressure drugs as well as antibiotics were already an issue even before germany went into lockdown once china stopped exporting things look to go from bad to worse but Global Supply chains for medicines are complex and nontransparent in the house if youre a manufacturer of course youre not going to say where you get your substances at what price and in what folly im its like in other industries how you get your Raw Materials can give you a competitive edge. The coronavirus chris this is only highlighted what experts have long warned about pricing pressure especially for generic medications has led to massive dependence on china many pharmacists in germany would like to see at least part of the production process brought back home. Where can this and we need the manufacturers do ensure stable supplies it cannot go on like this we really have to bring production back to germany to europe. And with similar calls being made in india it could mean governments will take new steps to break the chinese dominance of the pharmaceuticals market. 1000000. 00 thats the starting bid for the guitar played by nirvana front man kurt cobain during the bands celebrated unplugged concert in 1903 is one of several cobain items being auctioned off next month in Beverly Hills california the famously radical bain killed himself the age of 27 after nevada rocketed to fame on the back of bronze albums never mind and in utero. Piece of rock history there thanks for watching. To give hope to those who have been cast aside. For henry james to do just that with her fusion school. Their children are huge a refugee means can get an education. They are often denied this opportunity because malaysia excludes them to this day. 3 times a. Next on d w. Im not laughing at the germans because sometimes i am but most are laughing with the german people german things deep into german culture yet you dont seem to take that as grammar on their own do you because if hold out there no time rachel join me for me because im going to double post to know that 77 percent of black are younger than 65. Thats me and me and you. And you know what its time no voice is part. Of the 77 percent we talk about big issues. This is where it comes. To 77 percent this weekend on d w. What about the. Welcome to global 3000. This week we need to hinge of refugees who are facing huge obstacles when it comes to starting a new life abroad. In uganda we learn how start ups are bringing about a transport revolution jaring the coronavirus slow down. But fast women in afghanistan feel