Trying in all ways to understand this new culture. Or you are not of in a tourney are the guests you want to become a citizen. In for migrants your platform for reliable information. Much on. U. S. Retailers suffer their worst 2 month sales drop ever can businesses recover lost ground as they slowly reopen were the wave of bankruptcies in the making. Also coming up as if things werent strange enough europe is rooting for german football the bundesliga is starting back up. And with the car parts market at a standstill one German Company revs up its production lines to make protective equipment. This is your Business Report im Stephen Beers in berlin its good to have you with us. U. S. Retail sales plunged by a massive 16 percent in april far worse than analysts had expected as the crowbars pandemic kept americans at home and the retail slump puts the worlds biggest economy on track for its worst 2nd quarter since the Great Depression businesses are reopening as states and local governme
Good evening, everyone. This is bloomberg surveillance. I am Francine Lacqua working from home. The focus on the World Health Organization, also on the easing of lockdown and oil. After that historic agreement on sunday between opecplus, now also involving europe, we have report. They say the oil storage filling up demand is dropping. That exceeds opec cuts. They are expecting oil demand to fall by a record 9. 3 billion Barrels Per Day year on year in 2020. Brent extending declines. The concern that a lot of markets are pursue Market Participants had is that if opec is cutting production, it also has to match demand. This is what the iea is saying. That demanded drop is exceeding opecplus cuts. It seems that despite the cuts, the iea is still expecting a glut or surplus. Lets get straight to the bloomberg first word news. Here is viviana hurtado. We begin with president donald trump. He is suspending u. S. Funding for the World Health Organization and reviewing its response to the coro
Rate. And on monday the anger at the Central Banks policies and a Political Class they accuse of corruption and mismanagement erupted in a wave of violence across the country. Demonstrators in tripoli in new than lebanon blocked roads and fought with Police Officers responded by firing rubber coated steel bullets which injured protesters on the back of the 2 soldier i swear please stand with us its too much we stand by you but they are killing us we cant afford anything anymore we are starving i sold my fishing boat for pennies enough is enough for 15 days the dollar keeps going up and down i have a daughter in hospital she needs an operation and its ramadan lebanons currency has been depreciating for weeks but in the past few days the near is lost at least 60 percent of its value on the black market the government is hinting that the central bank could be intentionally engineering the collapse as the country struggles with the lack of hard currency and its worst economic crisis in dec
Itself is set up to benefit those who understand that you have people who actually believe things that are not true that is a crisis for democracy is a crisis of concentration the bottom line. Worldwide military spending is that its highest but 10 years where is all that money going on my government change that priorities is the coronavirus right this is inside story. Hello welcome to the program im been its me. Now its often said that war is good for business conflicts drive up demand for weapons defense equipment and soldiers and it appears last year was a bumpy year the Stockholm International Peace Research institute says Global Military spending grew to nearly 2 trillion dollars thats a more than 7 percent increase over 10 years but the trend may change as the coronavirus pandemic devastates the worlds economies 5 countries account for more than 60 percent of the worlds military expenditure the us is by far the Worlds Largest spender at 732000000000. 00 thats more than a 3rd of th
The greek Turkish Border held back by water cannon and tear gas. Because turkish president ever won announced that people were free to cross into the e. U. But now they are trapped between the waters as the standoff between the viewer and turkey plays out well just a few miles from the turkish mainland the greek island of lesbos is bearing the brunt of arrivals in the e. U. At the morea refugee camp more than 20000 people are crammed into a space built for 3000 locals are seeing after having been at the front line since europes like when crisis erupted back in 2015 while the friction between them and the Asylum Seekers has brought the island to a breaking point. Camp. Europes overcrowded waiting room everyone who is stranded here wants to get out as quickly as possible many of them children. Hill. Air and now live in more in me and my family. Is that theyre here its very rare so down here is 12 she arrived a few months ago with her family from afghanistan their lives havent changed for