Lead to care. For School Welcome to the program such a bank has long been in crisis a so far failed restructuring attempt a litany of litigation in the United States and high costs have weighed the company down now it says its on the road to recovery announcing its 3rd straight quarter of profits a bunch of bank returned over 300000000 euros for the 3rd quarter thats more than analysts estimated a boost in trading revenue and a drop in missed credit repayments helped a lot so far this year looks a lot better than 29000. 00 when it made losses in the boot billions of euros as you can see there however the full effect of the pandemic could yet be to come if Companies Fail to pay back loans that could yet damage the companys long promised return to success now. Is the financial correspondent in frankfurt. How well is Daughter Bank prepared for a potential wave of bankruptcies due to the pandemic. Its better prepared than in the past the numbers in the Balance Sheet which describe the Capi
Is some good news local booksellers are thriving right now in germany pandemic really is a page turner. And welcome to the show im Stephen Beard in berlin its good to have you with us and we begin in germany where the pen dimmock is leaving a deeper imprint on the economy than previously thought thats according to a new joint report published by the countrys leading Economic Research institutes theyve downgraded projections made earlier in the year forecasting now that the German Economy will shrink by 5. 4 percent and 20. Thats more than a percentage point worse than the earlier projections but they also predict a slow recovery compared to prior forecasts infection rates are rising again in germany meeting to new business restrictions. And one of the authors of that report joins me now stefan crudes is head of the Forecasting Division at the kill institute for the World Economy stuff and its good to have you with us. First obvious question what is driving this report what is driving t
Merkel its going to get very very gloomy. This is d. W. Business live from berlin im good how the elf as well come asian stocks are down after a weak u. S. Manufacturing report heightened fears about the Global Economic outlook but its not the only factor worrying investors throughout the region theyre also concerned about the situation in hong kong tensions are high after an 18 year old protester was shot as close as close range during tuesdays antigovernment demonstrations the protests were triggered by a controversial bill but have since morphed into a Broader Movement demanding more autonomy from beijing. The impact of those protests is also being keenly felt in the Business World with china putting pressure on companies to crack down on employees taking part in the protests no one has this been more apparent than at hong kongs flagship ally and Cathay Pacific we met kathy. Employee who supported the protests and lost the job correspondent. This instance of for one month ago Flight
Yet one year later still no justice for a Washington Post journalist Jamal Khashoggi. Im sumi so much going to thank you for joining us hong kong is taking stock after some of the most violent clashes since prodemocracy protests began 4 months ago hundreds gathered again today to show their anger at the Police Shooting of a Teenager Police fired a live round at the 18 year old on tuesday after he attacked an officer with a metal bar crowds also converged on a court in the district to support protesters who were arrested in previous demonstrations. Now at least 180 people were arrested on tuesday and more than 100 injured in clashes with Security Forces as did have used charlotte shall some poll reports the demonstrators say the use of law. Live ammunition by police marks a dramatic escalation of the standoff. Protesters taking part in illegal marches knew the risks. To gas rubber bullets arrest. But in one moment everything changed. But as news spread of police hitting a protester with
A nose for trouble mans best friend is helping cuba clamp down on Money Laundering. Business youve got your business i was in berlin welcome the heads of the worlds banks the w t o and the International Monetary fund were painting a gloomy picture for the German Economy and they stopped by a berlin last night to meet. And today germanys top Economic Research institutes joined in and then they will autumn statement germanys Top Economists have lowered their Growth Outlook for this year to only 0. 5 percent at 1. 1 point one percent next year declining Global Demand for investment goods such as factory machinery in which germany specializes in socalled structural changes in the car industry was cited as reasons it ferguson has the details. The causes may be up for a good base but that message is clear europes biggest economy is slowing down germanys top 5 fiscal Research Institutes have now joined the government in causing this years growth forecast theyre now expecting the economy to ex