Good to have your company if you o. P. s Prime Minister made insists his country. Into chaos thats despite reports of heavy casualties in fighting between the military and Regional Forces in ethiope his to region thats in the north of the country near the border to eritrea now ethiopias federal government launched the offensive against forces off a to gripe Peoples Liberation front last wednesday blaming them for and its haq on a military base now the t p l if he dominated ethiopian politics for decades that was until major came into office in 2018 since then the to gride leadership has claimed the federal government is unfairly targeting their its new group in corruption crackdowns for his fost b. Accuses the fall for attempting to destabilize the country. Intends on perpetrating a culture of impunity and restoring. The un do people its they enjoyed in the past the t. P. A. Live Border Guards have continuously mounted was covert and overt the pence from the mine the people of egypt and now the new administration now the to gripe leadership have promised to continue fighting until the federal government agrees to negotiate bats and members of parliament in edges of a bus say they do not recognise the t. P. M. If as an addendum of administration and have voted to abolish the state government. For more on this im joined by William Davidson hes a Senior Analyst for ethiopia at the crisis group he joins me from adice walk and william what more do we know about the military operation underway in to grab what we know that the fighting is concentrated in west to grey and thats where the federal forces primarily and from horror region and this is citizens are active is the gauge midwest a great reports of significant oh yes that he had significant casualties coming into im horror Health Clinics and mostly of federal troops but it may well be the case that the great intelligence is being treated to grey and it has very limited information coming out of the great because of the Communications Blackout and other than that no reports its recent new activity gauge mintz but the way the air strikes and military targets around mclay the cup thats a great and a couple of days or what do you know whats the feeling around whether or not regional leaders into greit have the last Prime Minister and the asked mant no choice but to send the military in. Thats obviously the view from the federal government and supporters of the military intervention and very much the narrative is that its a grand forces attacked a military base and also in the us to take rand will surround mecca laid a regional capital and they say thats just simply unacceptable but i think the key point to understand here is that there is this Communications Blackout integrate and its been very hard to verify and information and also there is a lone political build up to this conflict where there is a possibility on both sides to have taken measures to avoid apart the conflict that did occur we ended up with a situation where it reached one federal Government School each other unlawful and thats what led to the conflict. And how close does this conflict bring ethiopia to a civil war when i think that depends on your definition of civil war again the federal government says is talking about this is a sort of you know so its limited Law Enforcement operation simply to remove the t. P. A. Left leadership the leadership of taking a region. But the problem of course is that regional leadership is in command of a powerful Regional Security apparatus animates of the federal military integrate seem to have sided with that secret government or at least are not supporting a federal intervention so that means that we actually have a very serious and potentially sustained clash so its not a full blown civil war at the certainly not crossing anything like the whole of ethiopia but it is a very serious clash between the federal government and what is a relatively well arms Regional Government and some people would obviously classify that as a civil war d in of itself right and could this be resolved diplomatically and if so what kind of compromises would need to be made. Well of course there is always hope that these things can be so diplomatically and theres certainly efforts both within ethiopia and outside and to encourage the parties to come to the negotiation table and we know what certain preconditions thats something which thats a great leadership is willing to do the problem is that the parties these parties were formally part of the same Ruling Coalition and then since 2018 they have gradually grown into its opponents and they got with this very stark constitutional debates over the legitimacy of running its own breach no election and now they have entered a conflict stays so at the moment there is no none of the warring parties or really the searing negotiated solution the 1st step i think to do so would be some sort of immediate unconditional cease fire and then the parties would have to agree that they are at least legitimate enough or doriss. To talk to each other because in a moment they are simply treating each other as enemy combatants so we need to get repassed that states to get some sort of talks going at the moment it doesnt look likely but who knows if the cockpit jesper tracked it and hopefully both sides will start looking more seriously the prospects of dialogue and International Community and regional leaders can help put pressure on the parties to do that all right thats crisis perhaps william day its an end at this of a thank you again. The reactions to u. S. President elect joe bidens victory clinton had to call in or hear what some of africas leaders have said the famous week at the views from the streets in south africa some back way and kenya. He was very good yes very good because. He is not of no sense to mark no offense everybody is going to respect the denuded im happy that biden will because hopefully we will have less of that racial bias of meaning bias for what. Might be might not because. Sanction from sudan. Lets hope by then hes going to do the same if hes going to do that then we support him if not then i want that im definitely there way he handled this kind of a thing to be so that hes not thinking for the people hes not putting peoples lives forward is just like putting his 9 year into supply chain to school with 100 people but. Im glad im a peaceful the new president remember there was before biden there was one of the african soil president obama what different to go to africa so i dont see but if i need to have a different or so its just neutral and congratulations for president elect joe biden Vice President coming to harris has been pouring in from heat is on the consciousness while nigerias president will have a divorce he tweets it that. Mr biden to deploy his fost experience in tackling the negative consequences off nationalists politics on World Affairs which have created divisions and uncertainties and so introduce grace engagement with africa on the basis of reciprocal respect and shared interests and then the chair of the African Union. Mahomets congratulates of the 2 and say it the African Union commission looks forward to a new stronger u. S. Africa relationship based on Mutual Respect and shared values off international cooperation. And for more on this im joined by say shes a political scientist at the university of pretoria in south africa welcome to news africa so weve seen congratulating messages from African Leaders to joe biden and Camila Harris what can we expect to see in terms of u. S. Africa relations and the biden administration. Thanks so much for having me i think that what we can expect is to see a u. S. Administration thats far more interested in Africa Donald is very much not particularly interested in the african continent except in so far as its related to a u. S. China relations and he really did see africa as a battleground in terms of the u. S. His trade relations with china and he was the key visited the african continent and any point during his presidency so i think that well see a local interest in africa particularly in development and Security Issues and trade issues trying to hide in that. And what has been bidens record on africa. So biden himself doesnt have a particularly any detailed record on africa at all and he supported Barack Obamas africa policy as the Vice President and obama but weve heard from the speculation about who could be his possible choice as to secretary of state International Security adviser. Samantha power and susan rice susan rice who has a ph d. On zimbabwe and was the u. N. Was the u. S. Is represented at the United Nations is a keen african mist and has had a long interest in security and Development Issues on the continent i mean one thing about her though is that shes quite hawkish on africa issues and has been a great supporter of sanctions against mugabe regime for example and was an advocate of a hostile stance on sudan and. So itll be interesting to see how those people around biden influence his africa policy ok i dont have too much more time with you but i do want to get a sense so whatever can made of would you say needs a white house visit the most. I say this from south africa would need a white house visit i think it would help him greatly show up his political position in the country but also on the continent and i certainly think that i certainly think that and nigeria. Would also be wanting to have a white house the right to sue in the ministration and the other way around where would biden need to visit 1st. I think that he will need to visit west africa 1st actually so i think that he would want to visit nigeria and ghana ghana goes to election in december and so. Im to meet the you did the returning incumbent or new president early next year i think so to be ethiopia given the conflicts the discussion on the big and that may be a place that he wants to visit in order to engage with. A maid and i end up and in south africa as well could be an option all right stand by him thank you and that is it for now be sure to check out all of the stories on the dot com forward slash africa were also on facebook and on twitter so we love to hear from you at these events know what you think of all the stories that we havent destroyed that we should be covering makes fun of i. Told. You im not laughing at the germans because sometimes i am but i said nothing with the evil german i think deep into the german culture. You dont seem to take this grandma down to you its all about who you know im rachel join me for me to get funded of course. Is for me. Its from. Beethoven you. Beethoven is for. Me to listen 2020 to 50000 or verse 3 here. You know. Welcome to arts and culture and what a weekend it was a collective sigh of relief was autumn all across europe on saturday when Democrat Joe Biden won the necessary votes to defeat President Donald Trump a reality thats still sinking in for cultural figures also coming up well look at how worldwide coronavirus restrictions are affecting the Film Industry and the future of festivals as streaming becomes the norm. And in our series 100. 00 german must reads german swiss novelist Benedict Welles confronts death and loss in the end of loneliness. But 1st her world is populated by dragons dark fairies and mythical monsters germanys. Is a hugely successful childrens fantasy author and illustrator her incar trilogy was a best seller in germany and in the u. S. Well based now in california shes just published the 4th book in her mira world series and ill speak to her right after this. Conelly a phone co earned a degree in education and began working as an illustrator of childrens literature before starting to write her own books. For fantasy novels for children and young adults have been translated into 37 languages selling millions of copies its Time Magazine named her one of its 100 most influential people 420058 reflection of the impact of her work which hasnt chanted generations of Young Readers worldwide. Is also a regular guest on the red carpet as several of her books have been turned into films that includes the 1st volume of her in kurt trilogy one of her most successful books. Her personal paradise is in california where she lives on a farm where the canary a phone call has made her home in the United States for the past 15 years. And joining me from her farm near malibu where its very early in the morning is cornelia phone welcome to arts and culture for. Now im just wondering if it sunk in yet that the era of the president you have dubbed he who cannot be named is soon to be over in american politics how did it feel to wake up to that realisation this morning. With that side of relief but also with Great Sadness because almost 50 percent of the americans did vote for the former president which i find a saddening and quite worrying fact. Indeed well you were apparently contemplating having to leave your paradise in california and return to germany if trump were elected for a 2nd term is that consideration off the table at least for now. Yes but sadly mostly one will decide when i can say you will be to Climate Change and we all know that will not go away within 4 weeks 4 years and the players have until devastating on this coast and i have been picking my suitcases for 3 years now so lets see where this will go. Indeed the Environmental Concerns obviously in california a huge issue with the forest fires that are part of your rim of Heaven Foundation you have an artist in Residence Program that you host on your farm but the corona crisis has obviously been a real setback in this regard how important are these workshops and how optimistic are you that your cultural activities can resume. Well i was looking about very strange years like this is that they. Are way some things that give us out there is so we had a moment restructuring the program and seeing what we could bring in these times when the european artists cannot have much i have extensive programs now with this south america with american universities and were also bringing 6 children here to recover our undivided series instead of locked in an apartment so always full of enlightening ideas a year said stories are especially needed in these difficult times just published the 4th novel in your mirror a world series on silver trail congratulations but you write fantasy id like to know how much of the real world really make that into your books politically speaking well that real world is there you can trust it as we see everything in a moment so i. Often get much just as a reality as socalled reality realist writing because it mostly just defenseless human everyday lives and with our very narrow perspective on this front. Now just a final question here ms funky you us german relations are current currently at an all time low and im just wondering if if you can tell us how culture can help to heal these divisions and these out misunderstandings i tried it every day with artists from europe coming in saying who is slightly different from what we manage and because my experience in germany is that very often the most hostile reactions to america come from people who have never been here so i think its as though we shouldnt travel that much but it was poor planet nevertheless i think you need the exchange and the conversation and the collaboration with each other and thats the only thing that unites a Cultural Exchange obviously a fundamental part of rebuilding understanding and collective understanding and relations between europe and the United States obviously things looking up to some degree at this point in time and thank you very much for sharing your impressions with me cornelia from co thanks for joining us on alt arts and culture. A much a politics may be looking up the coronavirus pandemic rages on and currently europes 2nd round of lockdowns is taking the expected toll on cultural businesses and institutions particularly of course the movie industry which will look at all of this week in more detail as its affected in so many different ways starting with canceled or drastically downsized Film Festival. It turned out to be october 9th may when the cum Film Festival finally took place but weather wise it all looked much the same as usual as always the red carpet was rolled out was it all worth the effort. I headed up a few interviews in which people were asking about the death of see them up. And now we know that no they were there when but. But all those cinemas in some countries briefly reopened Movie Theaters throughout most of europe are now once again empty. On the cause that however the mood was relaxed. There were of course disinfection outside the festival palace. In the absence of hollywood a listers miscount 2020 attracted a lot of attention as did a promising newcomer georgian director dia because she really had originally planned to show her film beginning at the festival back in may it went on to win at the sun sebastiaan Film Festival in september. The drama about a group of jehovahs witnesses in a small georgian town illustrates why streaming films at home on your couch just isnt the same as going to the cinema in a Movie Theater you can immerse yourself in the experience. How much do we really see whats really happening in front of us or who are the people in front of us that without constantly intellectualizing our bringing our a point of view to explain but to 1st experience and to see and maybe think about it later actually while beginning received accolades in qana its still unclear whether many other major films will make it into Movie Theaters at all for being here including the new batman in which Robert Pattinson plays the dark knight in his younger years the original release was scheduled for june 2021 but it now seems more likely to come out in march 22. Watch the trailer to the end and you get the impression the Production Company is not feeling optimistic. And batman is not the only one whos worried. An entire industry has been hung out to dry with many theaters now on the brink the film tenet had recently provided a small boost but now theater owners are being left out in the cold. As its not too much of a horse this is a disaster for us and in 2 ways one thing is having to close and stops working in revenue while continuing to incur costs Movie Theaters financial buffers are now in the red and the other thing which is very film specific is that people are forgetting about Movie Theaters films may all be moving over to streaming services which would be devastating for us even for him. Its probably the longest foreplay and double of 7 screen his latest outing was scheduled for release in april this year and was then pushed back to november when his bond finally coming. For your oscar i just wanna go see asians with streaming providers are rumored to be underway will bond be in our living rooms this christmas come on. Director Patti Jenkins has so far denied all the streaming rumors her wonder woman sequel is still set to be released in theaters but if the code prices persons own pets will be up. And how about khan 2021 director cheers the free moves says he hopes to hold the festival without masks and social distancing hes even prepared to move it from its traditional maze slot to make possible. Lets stay optimistic and because corona lockdowns are a perfect time for reading its back to books with our series 100 german must reads in 2016 german swiss novelist Benedict Welles published the end of loneliness which won the European Union prize for literature at the time it was his 1st book to be translated into english and that the author himself was often in tears while writing gives you an idea of its emotional punch. A difficult childhood is like an invisible enemy you never know when it will strike. The end of loneliness by benedict wellss about 2 brothers and a sister whose parents are killed in a car crash the 3 orphans are sent off to boarding school where their trauma tears them apart liz throws herself into drugs and sex marty becomes obsessive compulsive and sullen and the youngest the narrator disappears into his thoughts as adults the 3 try to become a family again they even take l. S. D. Together but the drug just opens old wounds d d. I saw myself as a child standing in the living room and hearing for my apps that my parents were dead marty stood beside me pale and motionless but he might as well have been a 1000 miles away the words slowly started to take their terrible effect they seeped everywhere into the ground which suddenly seemed an even to my eyes were my vision was now blurred into my legs making me real across the room author Benedict Welles grew up away from his parents boarding schools from age 6 he was born benedict the noble grandson of a top nazi politician as a young man he changed his name to distance himself from his grandfathers crimes the end of loneliness as his most personal novel its a melodramatic tear jerker or as one critic called it the best john irving novel but john irving never wrote if thats your thing youll be bawling your eyes out if thats not your thing youll probably be rolling your eyes but i still think you might secretly love it. And thats all for this edition but you can visit our website for more from arts and culture without until next time stay safe and all the best. The full. Control matic scenes of the gates of europe. Living in freefall the book even before the devastating explosion at the port of beirut the country was in the midst of the most serious crisis more and more young people are asking themselves whether they have a future there. Should they give up the fight body. 90 minutes on d w. 200. Or not too well oh. Good what about assuring a come instead. Of a change in thinking is changing the economy to create something new. Or economic magazine made in germany. On d w. The missionary and a pragmatist the diplomat who always gets straight to the point. The good to institutes outgoing director. Close to tell a man from the last cultural diplomatic. Starts november 16th on a d w. 5. Frankfurt. International gateway to the best country. Road and rail. Located in the heart of europe you are connected to the whole world. Experienced outstanding shopping and dining offers and trying our services. Be our guest at Frankfurt Airport city managed by. This is dave over the years life from a step closer to a breakthrough the coronavirus time demick pharmaceuticals giant pfizer part not beyond 2nd run a virus vaccine is more than 90 percent effective in advance trials also on the program. Americas new president elect tactiles the news as a cause for hope that announces hes covered 19 task force joe bidens pressing ahead with his transition and plans to fill crucial couple of posts of. Time phil gale welcome to the program corona virus vaccine developed jointly by u. S. Pharmaceuticals giant pfizer germanys beyond tech is 90 percent effective in preventing coffin 19 infections according to infections according to its manufacturers u. S. President elect joe biden has welcomed the development as a cause for hope its the most successful. So far such a back seat of the company say they found no serious safety concerns they hope to supply 50000000 doses this year and up to 1300000000 in 2021 plans to seek authorization this month for emergency use in the United States several other possible vaccines are also being tested around the world the number of covered 19 infections worldwide has now exceeded 50000000 according to Johns Hopkins university in the u. S. So lets explore this with to be osa cts whos an epidemiologist of burden sharing a hospital welcome to d w how significant do you feel this news is when i think this is a significant step and we know that several companies are working on that since and so were hoping to hear this news. Soon and so today we heard the news however we have to understand this is an interim analysis so this is not the end of the trial that is currently still ongoing and its a press release so we have not seen that theyd in detail but we are very. Positive that this data hold true and that a lot of people who are vaccinated are protected from getting corona so are you able to see from the details that have been released so far be able to see what it is 90 percent effective at doing and for how long. As far as i understand there were 2 acts in nations necessary for these 2 vaccinations a certain number of people still got 6 or 90 percent doesnt mean that everyone is protected but from the people who are participating in the trial 90 percent did not get. To vaccinations but again this is an interim analysis and more data coming in right field results so youre saying these are results from trials so what now has to happen successfully before any vaccine can be rolled out. Well we need to wait until the closure of the trial we also need to follow very say very carefully the Safety Information which you already mentioned so far there do not seem to be concerns about safety and then we have to see when the vaccine is rolled out we follow people who have been vaccinated to really see whether any issues occur and we also have to understand that when the drug is released to the market that not suddenly the problem is solved because people need to get vaccinated and not everyone will have the vaccination in the 1st days or weeks or potentially even months. This vaccine uses a new technology called messenger r. N. A. Technology i wonder if you could explain to us a simple. Yes or what you tell you do not take the virus on and jane did you take messenger r. N. A. From the and the gen off the virus and inject that to the body and the immune system cells are taking this messenger r. N. A. Inside of the cell and then producing the antigen on the surface of the cell and by that attacking the virus so this is a very neat way of of a vaccine important also is that a very different ways of that since currently produced so if this is not working for everyone then maybe the other ones are working for those in which this vaccine is not working. Seems often take upwards of 10 years to be developed yet here we are not even a year into this pandemic what will have what cause will have been caught what will not have been that usually gets done to get a vaccine this far this fast. Yes quick 19 is new but the corona virus isnt so this is not like we developing a drug or with absolutely no information before so it may have been some work before and that was the reason why the companies are able now so fast to actually find a potential solution to produce a vaccine so what we have to follow is really to see whats happening on the population level is it really as effective as in the trials and or decide the facts are not so are there concerns about potential adverse long term reactions to the. Drugs being developed just because the. Development process has been so contracted. I think that everyone is working very carefully and specifically we are concerned about safety and so this is really this information is really collected very carefully and we also know from other vaccines that there are no major side effects and the long term consequences obviously we know in a couple of years but taken together all the information from a lot of work since i do not expect any major consequences in particular now what we know from the from the trial short term side effects are not expected so given what weve heard and i appreciate you saying it was a press release this is a vaccine you would take. I would take this vaccine if offered to me and again i would like to see the data before but this data will be released im sure and the officials in the United States as well as in europe are very carefully looking at this data before its actually released to the public so many many people are looking at this very carefully and no one has an interest that something is released which will cause side effects and issues we hope to solve the issue of kobe to solve the issue of the fund them make and hopefully that we are slowly getting back to a life that maybe not over used to live but certainly without the fear of a massive pandemic wave good talking to you thank you for joining us dr to be a skirt from the Balance Sheet tailspin. Thank you for having me. Take a look at some of the other stories making news around the world he is one of the country struggling to cope with a 2nd wave of this and that make long lines of cars are for Testing Centers for some people so short of breath they have to be given oxygen while still in their cars. Ukraines president vladimir the landscape has become the latest National Leaders to test positive for corona virus is office in kiev since the president seen here last month is pretty well despite the diagnosis and will carry i will carry on working while isolating the. Cause of those former president she has denied accusations of war crimes before a special court in the bank the charges relate to cause of us conflict with serbia in the 1990 s. Stepped down as president last week in order to face the claims at the hague tribunal. A court in india has banned firecrackers days before its biggest annual festival deval e. Gets underway at the National Green tribunals as fireworks that of the already seen as pollution in many cities make people more vulnerable to infection by coronavirus. Tropical storm as it has battered the u. S. State of florida causing flooding and Property Damage earlier the storm left a trail of destruction across Central America hitting panama guatemala cuba and honduras and dozens are dead and many of those missing. U. S. President elect joe biden is warning that the United States is still facing a very dark winter despite the latest hopes of a Coronavirus Vaccine is that biden has made tackling the pandemic is a top priority and named the members of his task force include an immunologist who sat for criticizing the federal governments response to the crisis and the President Trump other biden concerns include the economy tackling racism and Climate Change which means rejoining the paris climes agreement his latest message to the American People was dominated by the need to set aside partisanship and unite in the face of the pandemic this is a crisis affects everyone and that said throughout this campaign i will be a president for every american this election is over time to put aside the pardon the partisanship and the rhetoric that designed to demonize one another its time to end the politicization of basically sponsible Public Health steps like mass crime and social distancing we have to come together to heal the soul of this country so that we can affectively dresses prices as one country where hard working americans have each others backs and were not in what shared goal defeating this virus straight to washington that where we join our bureau chief in a spoken innes lets start with joe bidens antique over 1000 strategy what see he been say. Implement a National White mosque mandate this is something which he will work with local governments to help facilitate and he talked about that that was one of his actually major talking points while he was paying trail to he addresses the issue of how africanamericans have been hit the hardest by this to see if he wants to ensure that they have access to p. P. In tests Health Bridge that. As soon as possible that also was a major topic on his come pain trail so these steps are supposed to be taken when he enters office in january and what is he said about todays announcement of the success of these vaccine trials being run by pfizer and beyond take. Well he applauded that hes very happy i think as the rest of the world is but he also said we are facing a dark winter so he doesnt want to put out the hopes too high and keep stressing the importance of Wearing Masks and thats pretty much the opposite of what we have seen from donald trump over the last months well despite naming his covered 19 tasco joe bidens actual transition process appears to be being held up by an obscure bureaucrat within the Trump Administration who is this. Right i mean thats kind of up be expected from the Trump Administration they have nothing by the books and that includes this very very important transition process because we have to keep in mind this is a huge complex operation which has to kind of start getting moving now from you know we have a little bit less than 70 days until the next president moves in and normally these processes would have started now is so emily murphy thats the one you were talking about as she has been put in charge of help moving this new administration into the white house but she has not even a knowledge of bidens win so far so fill the big problem is that the Trump Administration needs to hand over Important Information regarding issues of National Security covert 19 we have been talking about that and she also needs the economy to have them govern and hit the grown to running on generate 21st but we dont see nothing at all in that regard it is bold in washington thank you. So how is joe biden selection fixed rate being seen around the world while d. W. Reporters around the world have been asking people for their views about the Incoming Administration i think its a great release a cleanout to have a leader and that. Somehow his. Or her fight for similar things makes me to hear what im going to surely i hope biden will be a more serious and reliable partner for turkey but i hope he thinks more globally and not just america from saga of saw the giant reach and just in this country 80 percent are for trump because they consider it important what he did for israel and notes for us its not so important what he does in the internal affairs in america dont have too much cause i heard his last speeches and he said. He doesnt have to be a jewel to be is i going to. Put it on im not from peace nonsense i dont need im a loyal member there was before biting it was one of african soil president obama what different to deport to africa so i dont see but it i need to have a different or so its just neutral im happy that biden along because hopefully well have less of that racial bias offset meaning by us im all for what youre going to find in his victory will benefit mexico in many ways the economy and migration policy economical. They mean its young regardless of republican or democratic policies what you want is a leader whos morals and ethics resemble your own and that was certainly joe biden and not donald trump so im very happy and we are. Today. To talk in the meantime of course as always the web site. Of a good. National drama competition marketing atmosphere by intuition love hate. Crimes find spam and found. On you tube. Coronavirus. Crisis. Cinema. The new is making life. For the Film Industry. Who are the lights going out for. The months going on for the. Cinema. Our topic this week arts and culture on d w. Its a breakthrough in the global battle against the coronavirus german pharmaceutical biotech says its vaccine counted it works 90 percent of the time. Also in the program postelection optimism about the future Transatlantic Relationship hasnt been enough to stop thinking of imposing tariffs on u. S. Goods as part of a route that swelled into its 2nd decade. I would impose one of the worlds strictest coronavirus meltdowns but now south africas economy is starting to show signs of her. This is the doing business on robots in berlin welcome to the program and we begin with that major breakthrough in the fight against coronavirus german based Pharmaceuticals Company by own tag says one of the scenes is developing with pfizer in the us is more than 90 percent effective against covered 19 biotech is published the results of large scale think will trials saying its found no serious safety concerns pfizer by the 1st drug makers to show successful data from a trial of a Coronavirus Vaccine on that scale having to apply for emergency approval to begin distributing it later this month. Lets cross to our financial correspondent in new york youngs quarter ends lovely to see is there and this is a major breakthrough in the the race to find a Coronavirus Vaccine how are investors reacting to it in the u. S. Well i mean there is so definitely some enter the years im on wall street and the weather couldnt be a more accurate a beautiful sunny day in new york about to any degree of dissent if you look at the Dow Jones Industrial average at one point almost gained 1500 points in value up by more than 5 percent at the beginning still good chips up by a good just 1000 points so we see the stock market on fire pharmaceutical stocks but also if you look at companies in stocks or from the airlines or from hotel chains or from Movie Theaters just to name a few theyre gaining 10203040 percent of a season at the end is the key to really get the economy going again to really reopen the economy and that hope is driving the markets im here at the beginning of the week. So its the 1st day of trading since joe biden became president elect always seeing that biden bounce weve been hearing so much about. Yes we do that differently also helps the Market Investors are just glad that the whole fighting is over there hoping for more normalcy and going down the line we will have to wait and see how good joe biden for the it really is for the stock market we shouldnt forget the stock market has been on fire under barack obama with donald trump in power is it good wall street goes all too often good to 50 percent so we have sky high valuations on wall street on one side and we still have to deal with the effects im off to a corona pandemic and so we will wait and see how good joe biden is for the stock market but at least for the moment then everybody is just happy that this entire fighting and theyre struggling is over. Yes they wanted a decision either way didnt they financial correspondent quarter in new york thanks a lot brings up today. Well thats the picture in the United States european markets also received a bias and bounce lets hear from Chelsea Delaney whos in frankfurt for us the markets are really supercharge today by this news from paes and be on top but they do expect to submit their current a virus that seems to us regulators by the end of the month and weve seen this optimism really reflected in the industries that have been hit hardest by the coronavirus restrictions as are the stock of the tons of the German Airlines as of about 20 percent in trading we saw for example i believe the owner of British Airways surged up 30 percent so clearly investors are feeling hopeful that well see sometime soon see a return to some sort of normality Public Health officials are a little bit more cautious there warning investor some not ahead of themselves because there still is a long road ahead to getting the stratosphere be that the entire population and a lifting of these for structures that are really a battered economies around the world. Chelsea delaney in front 4 is that many european leaders have shown their hope for the election of joe biden will give a boost to Transatlantic Relations however the e. U. Is nevertheless pushing ahead with a reggae of tariffs on 4000000000. 00 worth of u. S. Goods its part of a dispute over states of cities paid to boeing by the americans and by the europeans the rouse lasted 16 years and counting. The decision means selling harleys in the you could get a bit more difficult and the problems dont stop at the bike shop american whiskey run tobacco fish fruits and many other goods totaling 4000000000. 00 will be affected by the tariffs. The u. S. Has already hit 6300000000. 00 worth of e. U. Goods with tariffs that after a w t o verdict in response to illegal state support for european plane maker airbus trade ministers here hope washington will want to strike a deal we remain open for a negotiated solution our reports all remains on table so that was also. A. Negotiated settlement as it got future disciplines in still way ssion so far the u. S. Has not agreed with the role that the hope now is that applied in administration would be more willing to foster better transatlantic trade ties German Economy minister peter out myers says the Biden Victory is a chance to quote reconfigure trade policy. And alice look at some of the other business stories making the news the head of Turkeys Central Bank 90 arbella says it will take the necessary hell take the necessary Monetary Policy steps to reverse the slide in the lira the currency rallied by more than 5 percent on monday it follows a turbulent weekends during which turkeys Previous Central Bank boss her sacked and the countrys finance minister resigned. Norwegian air says its fighting for survival after the government turned down a last minute plea for a bailout according to bosses the struggling airline was on track for a profitable year when the coronavirus it in february last month the low cost carrier operated less than 20 percent of its entire. Soft bank has reported a net profit of more than 6000000000. 00 for the quarter. Compared to a net loss of nearly 7000000000. 00 in the same period last year japanese investor says the strong results of thanks to the success of its Technology Stocks a bomb following a rebound in the economy. And virgins hyperloop has completed the worlds 1st passenger a ride on its super high speed levitating bob system carrying 2 passengers in a safety test system may 1 day carry 28 passengers at speeds of around 1000 kilometers an hour it has to seem to pave the way all the certification around the world. Almost 3 quarters of a 1000000 South Africans have so far been infected with corona virus way more than in any other african country the economic fallout has been massive but some economists are claiming theres light at the end of the top. South africas borders reopened to tourists in october a glimmer of hope for hotels and launches. With just a handful of domestic guests theyve just barely been able to keep afloat the coronavirus pandemic has shaken the country in the 1st quarter the economy contract at 1. 8 percent from the previous 3 months and in the 2nd quarter g. D. P. Virtually collapsed plunging more than 50 percent its catastrophic for a country in which half the population already lives below the Poverty Level many predict a bleak future for south africa still others believe there will be a speedy recovery the number of new Coronavirus Infections has dropped dramatically and the restrictions which led to the economic collapse have largely been lifted. But one of the optimists is Christoph Neve he analyzes Financial Data for south africas 1st National Bank christopher whats the data saying that makes you so want to mystic. You know like you rather than having to predict the future we can actually use that day so what we what weve seen is that the economic fallout was because of the severe lockdown measures so i pull was a shocking math on our age of the base we saw a 60 percent fall in expenditure from an income perspective across our base we saw 26 percent drop in income so there fishel statistics showed 2000000 people didnt get paid and thats 13 percent of workforce we we showed double that effect from a financial perspective a 26 percent drop in it the good news is though that it actually trick very rapidly so so maybe it was already better because we went from lockdown 5 into lockdown 4 and then into lockdown 3 things quite rapidly improve 2 to the point where when we wrote this article you know its sort of 2 weeks ago we were sitting at minus 3 percent on income and expenditure and for the month of october we just got out day to last 2 days and were actually up were at 3 and were up year in year in spain so sydney and a big stink there of the carney has actually and has actually gotten out of the grown abuse yeah when we talk about recovery we are talking about to break or own a virus levels but the South African economy was struggling even then you know 30 percent unemployment rolling blackouts so how to mystics in South Africans actually been. Yeah absolutely i think that people people have fit a different standard here so i mean getting anywhere close to breakeven i think you know is pretty good so so i think a lot of the bad news is already baked in and we saw the banks posting you know 40000000000 rand hiring pyramids are not only. Do numbers stand then would normally have been the case but you know with that with but you know those are those accounting for core support looking so look at consumers yet were consumers in trouble yes we have it as and they recovered yes i think the orson remaining areas of concern and certainly weve saw we saw the lowest think of and ironically the highest think of individuals suffering more i mean that is quite natural like what we typically expect. An economic downturn because thats where the job security is the lowest and at the high end people or more be able salaried and the Business Owners and it businesses city have taken some strength when we look at business to notice that although this is the numbers again are back to 2 good relabel so so thats not you know thats not bad news at all on a on a go forward basis kristoff where were running very short on time so just asking for if they feel that we should mention the election of joe biden in the us whats the overriding feeling of the impact on of that on the South African economy well the stock market has taken that he has really rebound so well and the rant i think is that basically International Statement has improved significantly obviously the International Outlook on us i mean for it for a biden brings the presidency is just so much better and then donald trump used to be you know hes not like the u. S. The sydney like a lot less and outside of the u. S. For africa it takes a particularly so we are running out of time and i didnt really get to answer the question of christoph may vote from south africas National Bank thanks for joining us. And also for me in the business team. Dramatic scenes of the gates of europe. Fall. Even before the devastating explosion at the border the country was in the midst of a serious crisis. More and more young people are asking themselves whether they have a future there. Should they give up. 5. 160 minutes on d w i. Probably will not succeed in dividing us about not succeed in taking the people off the streets because were tired of this dictatorship. Taking the stand global news that matters. Made. This a state of the news africa coming up on the program the escalating conflict in ethiopia Prime Minister. Has no need for concern as he steps out of military offensive in the countrys old and region all to cry back of the country beheaded the civil war. And as joe biden and common to have