comparemela.com

What should be done with the stone north from africa. This is being hotly debated on both continents. The moon sold for september 7th on g. W. And economic upswing for germany the countrys Central Bank Says thats in the cards but after a historic downturn where is that growth meant to come from. Also on the show German Farmers say their wheat harvest will fall drastically after 2 years of drought. And river holidays are all the rage in russia as the locals avoid overseas travel. This is the italy business im joined now the milan in berlin thanks for joining us or where a bit of good news on the economic front in these troubled times germanys central bank the bundesbank says its expecting strong growth in germany in the summer of this year but its also warning against expecting a return to precrisis Economic Activity too soon. The days when there was not a soul to be seen on german streets are over with the lifting of coronavirus restrictions life is returning to normal since the low points in april things have been on the up. In the 2nd quarter the German Economy slumped by 10 percent the biggest fall since world war 2 the Balance Sheet for the Current Quarter looks set to show a big increase according to the bundesbank. The impact of the coronavirus in the broader economy has been relatively small the engineering industry shed over 30000 jobs in the 1st half of the year all that over 1000000 employees in the sector this is bearable. The Services Sector and private consumption also did not completely collapse as the state kept on paying a large portion of salaries. Sometimes the European Central banks expansive Monetary Policy there are plenty of cheap loans available. So is everything looking good not exactly whether growth proves sustainable depends on what happens in other countries if their economies dont start to Gain Momentum then germany a major exporter will find it difficult to counter the downward trend. Lets get more on this from Carsten Brzeski hes the chief economist at i n g germany carson what would be the source of this growth of carrots and be the lifting a lot on there is to be honest with you since end of april we see that konami activity has returned and it is both private consumption investment investor production but also exports which will start to gain some momentum in may and june so this should continue throughout the summer but how do we reconcile this expected upswing in the German Economy with a wave of bankruptcies expected late this year those will go together. I think you need to make a distinction and this is the english language has 2 nice words one is rebound and the other one is recovery so were currently in this rebound very obviously so the downstream was driven by the lockdown measures now with the listing off the lockdown measures were on the rebound and this read on pretty much looks like a v. Shaped rebound or what comes afterwards is the recovery and this recovery will be driven both by what is going to get a 2nd wave of the virus are going to get the 2nd wave of lockdown measures but also by the more permanent damage caused by the crisis and this is bankruptcies by businesses this is how many people can really return from 4 pound work schemes to full time employment again so these permanent damages will only surface in the 2nd half of this year. A few unknowns there and maybe another one germanys export oriented economy of course does depend on how well other trading partners a bounce back as Major Economies post record declines how much confidence does that really inspire well not too much because when you look back prior to the crisis we already had exports suffering from trade wars from changes in china the entire german industry was more or less in the downswing before the crisis actually hit so now looking at looking at it means where you look at the u. S. Still struggling to manage the virus the u. K. Also an important trading partner for germany still in this brics that uncertainty china is changing its Business Model so i think this recovery will look come from export it has to come from domestic demand and in this regard i think it is positive that we have seen so much fiscal stimulus so many stimulus practiced by the German Government because they are really targeting this domestic side of the economy everyone in the same boat but with different detailing thank you carson basque a chief economist at i n g germany. Now to some of the other Global Business stories making news. British airways is retiring its jumbo jet fleet the 1st of its 31. 00 remaining 74. 00 sevens is taking off from Heathrow Airport on tuesday and heading to spain where it will be scrapped British Airways brought forward the retirement of the 7 for 7 after demand tumble during the coronavirus pandemic. The u. S. Will further restrict wall ways access to American Technology including chips its the latest blow for the chinese a tech Company Whose equipment is being blacklisted by governments around the world amid fears it could be used by the Chinese Government for espionage oracle has entered the race to take over take talks operations in the u. S. Canada australia and new zealand u. S. President donald trump has threatened to ban the app in the u. S. If chinas blight downs would keep ownership microsoft and twitter are also interested in take talk. Our financial correspondent willy bartz joins us now from frankfurt willie how do oracles chances compare with that of microsoft or twitter in terms of taking over take talk. I think its chances are as good as either one of the other 2 all 3 have the power the the money the experience in making deals and making acquisitions work for them but theres the cartel question for example then there oracle would be probably in the best position because the other 2 are already engaged in Communications Platforms apps like this but dont forget to talk its not for sale officially the chinese are outraged that trump is making these suggestions and demands and you know theres only 3 months left to the election maybe 4 or 5 until a decision is actually there i dont know if its going to happen that quickly and so i dont think the chances are very great considering all factors. And enough further supply about china really President Trump said he was going to offer incentives for american firms to move out of china how do you see that playing out. Another similarly misguided plan and view of time position at 3 months to the election and china is hugely important also to american firms apple produces phones hardware in taiwan and in china and i dont think any c. Old apple or elsewhere is going to risk the shop ahead of a president ial election where the incumbent is making these offers and threats. In 2nd place you never know how the election will turn out but i would be surprised to see 0 risk to shop on this if i were a c. E. O. Id wait it out to thank you really parts there in frankfurt for us. Its august high summer and slowly but surely time for farmers to bring in the harvest and initial estimate say germany will see a lower wield this year following 2 years of drought and the coronavirus pandemic will make itself felt to. The 1st batches of wheat from the new harvest are being loaded there for export german wheat is a success on the Global Market although as a nice product the best seller class a wheat which has a protein content of over 12 percent and is best used for baking bread Agricultural Products trader andreas kinds is looking for this type of wheat his customers are mostly based in rich Oil Producing countries in the persian gulf. For germany could do well in the arab world where we know from experience that significantly higher we quality is required. Farmer detail alpha has always made class a wheat but now he doubts whether he can continue to deliver such quality in the future the reason new fertilizer regulations the law stipulates exactly how much nitrogen fertilizer he can use in his wheat fields near leipsic. The law aims to reduce damage to the groundwater by reducing the amount of nitrogen fertilizer but to produce protein rich wheat the soil needs a lot of nitrogen. Alpher has to use increasingly expensive machinery to comply with the regulations otherwise he could face stiff penalties. The farmer feels under pressure and is worried that his harvests will continue to decline. Were dumping 3 lets eat ones that will cut our yield and then in the years time it falls again. And each year the yield is worse because the amount of nitrogen is calculated annually by these a shift of mideast on the harvest minus 20 percent. So its like giving people or animals 20 percent less food after each way and. You know if this isnt get traditional the mood among farmers is terrible theyre worried that sooner or later the days of producing quality wheat will be over. So mystic tourism has surged around the world as the coronavirus make makes International Travel more difficult and russia holiday makers are flocking to countryside reversed when joy a summer break. If there is one thing the coronavirus has been good for its domestic to resume here along the riverbanks initially novgorod thousands of intrepid muscovite come to discover the head. 2 are operating bookings are up 3 fold thanks to those like the clemente family. Just like humans ive used near of years we have so many places that its difficult to visit them all the kayak gives freedom no need to drag heavy backpacks over the mountains you can travel by water the landscape is constantly changing you can sit by the fire to talk and relax gourds of the quality of the thing would be. Perhaps the appeal of camping holidays as much to International Travel bans as rules on social distancing and the Great Outdoors there is plenty of space to swim fish. And cook and none of the distractions of city life. Bitching comparable with overseas holidays because here we are closer to nature where purifying ourselves we dont have phones we dont have a wife i would just relax we look at the sky the stars its beautiful its great. Its not just russia that has been a boom in holidays a home around the world the question for the beleaguered Tourism Industry is will it continue long after the pun demick is over. And thats it for me and the Business Team here in berlin thanks for watching. Im. Country in the pandemics shadow. Of spains difficult power to a new normal. From total marks down. To the 1st easing of restrictions then the return of tourists and all of the consequences. Of spains fight with the coronavirus council. Next on d w. Is on its way to bring you more conservation. How do we make see the screen or how can we protect have a chance to make a difference. To us. Series of the false. On t. W. Had all morning. To. Thank my your kids be a mile the party goes on just like before you know mosques nightmare districts thanks in the german and British Party areas beyond the police have had to intervene in the images caused outrage in spain for some days of the 900 People Per Day died of coke at 19 others may have forgotten the years but not

© 2024 Vimarsana

comparemela.com © 2020. All Rights Reserved.