What should be done with the stone or from africa. And this is being hotly debated on both continents. Soon so will start september 7th on d w. I corona virus vaccine within a year german father killed back tells us that hope stopped its drug ready by mid 2021 as insecure as an e. U. War to the hundreds of millions of doses. Badly off the ground but now facing a crisis well look at the devastating impacts of the coronavirus pandemic on africas startups. And remember when everyone seems to be desk. Buy toilet paper flow only one businessman who tried to cash in but whose idea went down the path. This is deja vu business on rob whats in berlin its great to have you with us its been compared to the space race the competition to develop the worlds 1st corona virus vaccine is famous almost 170 potential products are being monitored by the World Health Organization germanys cure fact has one of the most promising candidates so promising in fact that the e. U. Has just ordered 225000000 doses. German Pharmaceutical Company care in fact dreams of changing the world its workforce a 480. 00 employees have their sights set on the worlds most sought after prize a Coronavirus Vaccine and the newly listed company is making progress. We are planning to have the vaccine are ready somewhere mid next year depending certainly on the data if youre running a Clinical Trial which would be prudent after your 1st Clinical Data it would we expect in september or october but it should be affordable so you shouldnt overdo it with the price there are certain settings already done we are in a very low base cost of goods and that should be reflected in the price area as well so i would guess somewhere between 10 and 15 years. Back its only one of many covert vaccine hopefuls 170. 00 companies from all over the world including the u. S. China japan buchanan dia are also in their race. Is a race against the time there is a pandemic outbreak there was a huge effect on Society Nobody doubts about this one and therefore its a race and. Not that much against the competitors and at the moment and hopefully all of those vaccines would work there is a raise also to have enough capacity you always start in the beginning and you can cover everyone and therefore its good that other players are. In the game as well. Last week russia claimed to breakthrough president Vladimir Putin proudly declared his country was the 1st to approve a vaccine russia all now began testing the vaccine on 40000 people but some scientists doubt the vaccine named sputnik 5 is really ready. Whats beyond doubt is that thanks to high tech methods used by the likes of cure back research is moving faster than ever it used to take 10 to 15 years to get a vaccine that market. Now some companies have moved to Clinical Trials in a matter of months regulators expect to break there as early as next year no other product in the world has a larger potential market karabakh plans to produce a 1000000000 doses a year and it already has buyers knocking on its doors the European Commission agree thursday to buy at least 225000000 doses of cure of x. X. Seen hopeful the question now is how soon it will be ready. Now the Economic Community of West African States has condemned tuesdays military coup in mali eco wafts National Leaders have been holding a Video Conference the block has been attempting to mediate in the crisis in mali since june but has now suspended the country as a member and is discussing sanctions after a military junta forced president even him. To resign and then seize power. The times are tough for south africas young entrepreneurs after navigating almost a decade of corruption and maladministration following the Global Financial crisis many are now being wiped out by covered 19 economic chaos its a disaster in a country thats already in recession and with an Employment Unemployment rate of almost 30 percent. Like many young entrepreneurs is imported young is really after the onset of the coded 19 pandemic. Upmarket catering business once employed 15 now she needs to downsize and move operations to her home. As her dream begins to fade in an economy that was a ready in a recession before the current crisis. And is expected to contract by as much as 30 percent year on year in the 2nd quarter of 20 twentieths. Honestly am im trying to be hopeful i am but we literally are that generation of young entrepreneurs who have really broken the bonds and were really feel a cinch hang to do what we doing but here we are faced at this and i dont know if we are going to pull through the crisis has hit victoria yards an entrepreneurial hub in downtown johannesburg where danna and others ply their trade particularly hard theres been quite a lot of turnover of tenants during the covert pandemic people just cannot sustain themselves. In the new south Africa Government promoted entrepreneurship to create jobs and Economic Growth in the worlds most and equal society but that path out of poverty no longer seems clear even for educated south africans in a country with over 50 percent youth unemployment i havent had funds diploma to be consistent but i have to resort to selling siegrist on the street which is illegal at the moment for me to survive. So its very difficult getting a job or only right now. Forging on is the only option for some. Chip almost makes custom denim jeans and pivoting into personal Protection Equipment means his business might succeed. Never cared for it when it 1st hit us everybody had to go home for a couple of weeks and you know we had to rethink what we do from selling jeans to selling cloth month turnover may be down but hopes he will survive the crisis times are tough right now with this whole corporate 19 but a Small Company of the Small Business were very hopeful for the future of quite a small team and the 30 cater to make things work and its this type of determination that africas most developed economy will need to rebound in the post code 19 world. Where we can now speak to moses acqua who is the founder and c. E. O. Of africa link which is based in berlin but works with african startups it was tough hearing from some of the young businesspeople there in our reports are africas young entrepreneurs having a particularly tough time during this pandemic. Thank you i think that they are in top time. I call it a unique time where you know q rule. Some are having of course some have been quite a negative impact but in all nearly no one expected this when theyre going to hit us and so yes there is a tough time where one of them. What are the main problems that these young entrepreneurs are facing is it that people are spending money is there enough money available for them to get their businesses going. Right so what we see at the moment is the fact that there is one side which is a positive challenge whereby people who are having like big business in what we call. The high fives or their. Sectors like i record healthcare education just the same distribution are the people that are actually having a lot of the mind and the need to actually know how to adjust to. The. Requests that are coming in on the other hand the people that actually i mean a lot of physical contact and engagement are having a really tough time because they need to shut down the shop they cannot actually engage more people and again what is chris is the fact that there is less money to be spent because some people would buy your products and services not only. When there is no money flowing its becomes their problem and so we are actually hoping for a lot of the stimulus packages that are currently coming in to really revitalize the economy so that young and to promote can be able to get back on the. Market i quote from africa link thank you so much for joining us here on day that we have this. Thank you now some of the other business stories making the news. The number of americans filing for initial Unemployment Benefits rose by the unexpectedly high figure of 1100000 last week the latest wave of corona virus infections has forced many businesses to shut down President Trump has signed an executive order to extend the supplement a reduced rate of 400. 00 per week but it has yet to be implemented. Australian flag carrier qantas has revealed it lost 1400000000. 00 u. S. Dollars as demand collapsed because of the coronavirus pandemic revenues plummeted between april and june yeah line is cut 6000. 00 staff and doesnt expect to reinstate its International Routes until the middle of next year. And their b. And b. Has fallen for an initial Public Offering just months after the coronavirus up ended the Global Travel industry in may the company was valued at 18000000000. 00 during a funding round a short Term Rental Company cut almost a quarter of its workforce in response to any short sharp fall in demand. Now stop funding was a major problem in the early days of the fandom it remember toilet paper was one of the surprise commodities that suddenly became at times practically impossible to find one german businessman who tried to cash in on the loo roll rush he has been left with something of a blockage. Pallets of toilet paper stretching right up to the ceiling the warehouse is full dark rooms who runs a supermarket in northern germany wasnt expecting this when the demand for everyday Household Goods exploded at the beginning of the coronavirus pandemic in march the retailer ordered in bulk from portugal russia and greece as it looked like germany was going to be sold out he ordered over 10000 packets of blue paper and invested 20000 euros but then he was left sitting on those. And you know for the look of me put on sale cut prices to 0. 99 for 2 euros 0. 22 but its stock like lead on our shelves and always head to. The laws of the market have left them facing a hefty bill 1st off the goods came too late and secondly the quality of the imported goods was not up to Consumer Expectations the consumer is a creature of habit even in a crisis and hes prepared to pay for that privilege and so the important toilet paper is blocking the warehouses and storage areas. Now the businessman is donating his bulk purchases to social institutions thus making a virtue out of a necessity. And also from the Business Team here in berlin if you do well check out our website we dont call slash business were also on facebook and twitter. I subscribe to do you know where your books are something more in the world than we make the chapter 5. Books. Like. Its. Sued for the russians so. Come to your state. So many different walks of life. Some are compact and honestly tried but almost come straight from the heart looks for a cd or even one to delusion the mush school in trucks who come. From news of the law to their final resting place the russians on g. W. Documentary. The for. This is the w. s a shot coming up today a historic nomination in the United States with its roots in india. She racist to know and be proud of our Indian Heritage from a lot of us times her late mother for guiding the course of our life and how this is an india connection make a difference to india or us stars where is washington for on such as. Plane
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