Im not thinking out of the gym well i guess sometimes i am but i found nothing which prevent me to germany thinks deep into the general culture of looking at stereotypes a question that in years think is an essential country that i dont. Need to be taken as grandma down to you its all about. Im rachel join me from the gentleman from d. W. Post. Countries are spending big to keep their economies alive right now but many nations simply cant raise the cash well talk to the president of the world bank about freeing up money for poor countries and maybe even canceling old debt. Also on the show whats a hotel to do when there are no guests to book about renting out. Rooms as home offices. This is a Business Report im stephen theres in berlin its good to have you with us the world bank is urging rich nations to support developing countries in the fight against the krona virus pandemic repeating its warning that 60000000 people could be thrust into extreme poverty by the pandemic and an interview earlier today World Bank President David Malpass told me that nations could even choose to cancel poor countries debt 1st i asked him how the global lender is working to get billions of dollars of grant money into the hands of the people who need it most thats an important challenge one way is to have Cash Transfer programs that actually gets money directly to people either through some kind of some countries have debit card systems some countries have small Bank Accounts that are available to the poorest some many countries several countries use their postal systems to actually give money to people and those are useful because the people can use it for ford to maintain themselves during the shutdown but also to be ready if there if there is a recovery to participate in the economy so thats one type of approach. Also the bank has has Careful Systems that work against corruption in the. In the money that flows through the Government Systems and so we maintain those systems and work with the countries in order to try to have a good out for the money that does flow now in addition to the program of grants and loans the world bank has agreed with the g. 20 nations to temporarily suspend debt payments owed by developing countries but some countries such as kenya have expressed reservations that this might harm their Credit Ratings are those concerns affecting participation in the despatching program. The interest has been substantial in in the by the poorest countries over half look like theyre Going Forward with it and i think that number will grow as they look into the to the benefits that it will it will give them. By not paying their their loans now that provides funding to rectally to them for that they can use for the for the Health Emergency and also for economic recovery so ive been very pleased i launched the effort in late march and was joined along with. Enough managing director chris alain again. We were very happy with with Quick Response of the g 20 they endorsed it and the governors of the world bank and of the i. M. F. All indorsed it and so its moving forward very quickly so ive been happy with that and i would like to see it extend to commercial creditors as well that was one of the one of the issues in the g 20 communique was the call for comparable treatment from commercial creditors about striking that debt altogether without the possibility. That thats something that. The worlds leaders both the developing countries and the developed countries may discuss depending on the extent of the crisis and how long it goes on that would be cancellation of debt rather than a one year or more. Guess weve got a month moratorium right now its possible that that moratorium would be extended or would become a cancellation for the countries that are participating in it. And i was David Malpass their president of the world the world bank i want to continue this conversation with our financial correspondent in new york yen scored a yes a lot of talk there about debt loads thats a concern for countries even beyond the developing countries isnt it. Really just look here at the United States for instance the debt has been a huge issue and unsolved issue even before the corona crisis if you look at private households running trillions of dollars in debt on credit cards on Student Loans car loans so for instance if. You would should corporate debt float and then also the government running huge deficits and all this step has even increased more and nobody really knows how to deal was that Debt Forgiveness might be a global topic not just in the developing world to miss you mentioned by the way i just sold that more than 4000000 americans at the moment are not paying their mortgage payments but at some point they will have to sort of deploy it is piling up all right the big theme here for the pandemic yen stay with me for a moment lets take a look at another topic in the u. S. Treasury secretary steven the new engine saying today that the Worlds Largest economy could be permanently damaged unless it gets back to work soon im a new telling a committee of senators that the Trump Administration wanted workers back to work but in a safe way and he rejected criticisms that the white house valued the economy more than Worker Health and course more states are reopening businesses even as Health Officials warn of the possibility of new waves of covert 19 infections so yes an economic restart sooner rather than later in the u. S. Thats at least what the push is for how do normal americans view that idea. Well everybody is hoping for that but it might be challenging im standing here by the way on a parking lot off a big gear furniture chain and as you can see nothing happens here if people take the space to teach their kids all to ride a bike or how to drive a car one issue for example its also whats going to happen with schools they will certainly stay closed at least here in new york it till september so a lot of families might not even if the possibility to fully return to work there was a survey out that evolved 50 percent of American Workers even if they would be allowed back to work they might be hesitant to do so and then by the way even if companies reopen we will see more stay at home work and we will also see how efficient that is but clearly the hope is here with everybody that we get back to normal as soon as possible all right the hope is there but its a complicated puzzle yens quarter with the latest from new york thank you very much. And over to europe now were german prosecutors have dropped charges of market manipulation against 2 top volkswagen executives after the carmaker agreed to pay 9000000. 00 euros to close the case against c. E. O. Have at these and Board Chairman hans dietz of perche prosecutors had charged the 21 allegations they withheld information about the existence of devices to cheat admissions tests the w. Admitted the software was installed in more than 10000000 cars. Amazon is reopening its warehouses in france a month after closing them the online retailer shut them down after a court ruling that amazon had not followed health and safety precautions amid the coronavirus pandemic the company has since reach an agreement with unions to mitigate contagion risk for staff and it has stepped up Safety Measures requiring employees to wear masks socially distance and check temperatures. And employees around the world are desperate for a little quiet space now that offices are closed hotels around the world are meanwhile desperate for revenue with tourism all but impossible hotel home offices could be a win win. For the past few weeks called to locos and bag has been working at the hotel in the berlin district of prince lo a bag there the self employed educator has rented a room as her office and its there that she can hold seminars for germanys federal Employment Agency digitally at home shed have no peace and quiet with 2 small children around. An office room costs 55 euros a day or 249 years for the whole week. Just. Given i thought of course the money for the office cuts into my profits i dont know about others. But its worth it to me to be able to work in peace and quiet and be relaxed and it helps me to do a good job too. For the Hotel Operator renting out Office Spaces is an emergency solution she hasnt had guests for months now because tourism has been banned during the pandemic now she has 5 office space renters and the demand is increasing. We were officially forbidden we no longer had the possibility of hosting tourists and of course we had to think about how we could generate revenue these days Offering Office space in the hotel is a viable option unfortunately its only a fraction of our normal turnover in corona times every year ok and thats why were glad we found this new source of income. Some of the hotels 50 employees are slowly getting the other rooms back in shape starting next week tourists will be allowed to stay at the hotel again although with some restrictions and precautions such as more space between tables in the restaurant and plexiglass panels as partitions. Hoffa we want to return to 50 percent capacity relatively soon and thats what were hoping for at the moment we wont be fully booked again as quickly as we used to but guests will be coming and were looking forward to that. 2 guests have already booked for the day of the reopening but it will still take some time before theres a breakfast buffet again and guests can use the 100 year old swimming pool. Budget Airline Easyjet says it has been the target of a hacking attack of the incident affects around 9000000 customers how has gained access to email addresses and information about travel bookings and then more than 2000 cases Customer Credit card details were stolen. Thats it for me and the Business Team here but to check us out online you know business dot com im seriously thats watching a. Target for preservation german businessman bill hottest owns a march on to wildlife park in zimbabwe organizes sustainable hunting tourism there and other Animal Protection activists in zimbabwe say hunting should not be allowed and the danger of abuse is too great power trophy hunting can save species close on. Next on d w. Beethoven is for me. Its for. Beethoven is for him. Is for her. And beethoven is for. Beethoven is for everyone. Beethoven 2020 vision of the 50th anniversary here on d w. Like. Ordway a muggle or just love must be sued for the russian soul. Here runs deeper. Than so many different walks of life. Some are pumping and oddly trying to get all of that comes straight from the heart to its former c. E. O. Even when theres no more delusion the march was introduced some players from the 1st glimpse of the long road to their final resting place the russians on t. W. Documentary. About the. Helicopter chases elephants there are too many here and some goes a bobber. They destroy the vegetation. 100 elephants have to go. Get bins at 5 been a committed conservationist for many many years and what weve created here in song of his finances to a large extent from the income from sustainable hunting yok says that means trophy hunting doesnt have to be this way other no other
comparemela.com © 2020. All Rights Reserved.