Transcripts For DW DW News 20240713 : comparemela.com

To our reporter for an update on the shutdown continues to tighten across europe spain imposes almost total lockdown telling residents remaining inside their homes that the 2nd worst hit country in europe after italy. Markets remain troubled by the pandemic risk germanys dax opens down 5 percent asian markets also continue their fall despite monetary intervention. Plus theres enter in berlin as the Trump Administration tries to take over a German Biotech Company and secure exclusive rights to a future coronavirus taxi. Im sumi so much going to thank you for joining us europes open borders are beginning to close the germany has joined a growing list of you countries to at least partially shut out its neighbors in a bid to halt the spread. The coronavirus and if you take a look at the map youre berlin has announced controls on its borders with a switzerland austria with denmark and luxembourg as well right along its borders new restrictions are also being imposed along the french german frontier. Gridlock on the french german border these cars have been waiting for at least 30 minutes to end to germany. Were sending back any vehicle which is not being granted special status to enter germany as a valid reasons across. Its just one of many makeshift Border Controls set up on monday in a bid to stem the corona Virus Outbreak german citizens and residents may continue through as can delivery drivers and those commuting to work and you on display in corona virus symptoms will be handed over to health authorities. More than normal actually they need to protect or somehow from everything thats been happening its really bad at the moment there is no set time frame for these travel restrictions and the government says it might extend them to borders with other neighboring countries. Very recent of when i was korean we must assume that we have not yet reached the peak of this development. The situation is very serious and we must and will react this is happened in many areas and be very very squishy one of the most important measures of protecting our population from infection is breaking the chain of infection. German chancellor Angela Merkel is expected to make with the french president and leading e. U. Officials later on monday to discuss the Border Control measures. All right lets go to band regular he is standing by right on the french german border between the french town of fox and the german city of southwark and and you are on the german side of the border how are things looking where you are is traffic still running. He had the Border Crossing of the autobahn number 6 traffic is running quite smoothly there are no more traffic jams into france most of the 6 to 8000 commuters a pos this Border Control every day already in germany and you can see behind me the brits are the German Federal police is checking some french cars and french people trying to get into germany they have not many chances because you have to have a workplace in germany on another good reason to enter germany and these cars would be sent back to france this is part of the lockdown but these are only the few this is the minority it seems that people in france already know that they cannot check and they dont even try to get here to the border and police told me its a very quiet and calm situation right now than for people who are on the roads today how are they dealing with these tracks. Let me talk to some people who are talking back and control at this Border Crossing theyre quite understanding that this is necessary to to fight the coronavirus and they say well they have a place in germany they tried to go there some people say they could go back to france and stay there for the time being so very understandably and no no and. And then what exactly are authorities looking to achieve here do they really think that these checks will help slow the spread of the virus. For the German Administration says this is one mean to 2 to interrupt the the chain of infection of corona as some critics say well is that really the case because Truck Drivers can go with their trucks over the border are they are immune to corona but. Is one trucks to go to deliver goods. But other countries like for example the austria have a very strict a policy they have a kind of curfew in place and it seems that also some parts of germany even all follow this lead the varian Prime Minister announced that also restaurants bars the shops playgrounds and sports venues in bavaria of the be closed soon so that people cannot gather the and spread the virus all right our correspondent banned record reporting there at the French Border thank you very much well the german decision to close its borders has already ruffled some feathers here in europe lets go to deb you scared standing by for us and brussels good to see you weve heard that a french president in modern mccall is not happy with germanys Border Control measures what more can you tell us about that. Thats also what the spokesperson of the Commission Said sumi similar to my colleagues said those are not the right measure seeing that the virus has spread throughout all of the European Union and is seeing the regarding the fact that stopping the borders as boundaries pointed out can create straffing jams and that is something that the commission would like a to prevent there the spokesperson in the press conference was just that was just taking place made very clear that they do want to ensure that medical goods can get within the internal market of the European Union to the place where the needs to be europe at this time know what needs to Work Together but also essentially a Food Products needs to reach the people a so that the food chains the supply chains remain intact and the european internal market is a very integrated market so its really lives from the fact that the borders are open if borders are closed the spokesperson make you know these need to be who already made actions not in the virtual member states. Making that making a panic decision if you want another issue maybe closing extremal borders that we have heard appears to be something that makes that that is being debated all right our correspondent karen reporting there in brussels thank you for that update now to the front line of the crown a Virus Outbreak in europe italy daily life there as all but ground to a halt as the whole country is on lockdown all but essential shops have been closed the public gatherings and travels banned people have been told to stay home on sunday 368 new coronavirus related deaths were reported the worst single day toll for any country since the crisis began. And earlier i spoke to seemed in rome to find out why we are seeing such high mortality rates in italy especially in the north of the country. Well what youre seeing now in a way its its immense and it is very tragic but it was expected because what youre seeing now is the inspections that happened before the slow down measures put into place when the Prime Minister locked down the entire country is that he essentially says the impact of those measures are not going to be seen for a couple of weeks so thats what youre seeing right now not the 11 towns that were originally put on those restrictive measures there were already seeing a slowdown been factions but youre not going to be able to see any impact for a little while and thats why the Prime Minister has said that currently the situation is very critical if Everybody Needs to do the a pot in order to slow down the section on top of that figure of deaths that were seeing 368 just in the last 24 hours its only has an Elderly Population a quarter of the population is over the age of 65. 00 its one of the oldest populations in the world and we do know that kobe 9000. 00 particularly impacts the most vulnerable of Society Elderly and those with Underlying Health conditions so thats why you see these numbers while spain has become the 4th most infected country in the world overtaking south korea and coronavirus cases a 2 week lockdown is already in place and the government hasnt considering extending it as off possibly closing of the borders spains that 47000000 people are being asked to stay at home. Spending an entire day at home together is something the erkki thaws family havent done for a long time before trying to make the best of a difficult situation amid madrids coronavirus lockdown indigo is employed as a bank and can therefore work from home while his daughter is able to access her schoolwork via the internet but its his parents in bilbao that worry him. Youve not been going outside i hope here in Madrid Police drones with loudspeakers are telling us to stay home and. When they tell you to stay inside thats what you have to do you cant go around spreading the virus your 14 year old paula is working studiously through her school exercises but it isnt always easy without a teacher. Demo no demo send you all the exercises but sometimes you dont understand them you can ask your parents but they might not remember so theyre not much help either and. Madrid a city known for its bustling streets and vibrant atmosphere has fallen eerily quiet never in the history of spanish democracy have such drastic measures been taken according to the government. Only those shopping for essential heading to work or visiting a doctor or pharmacy are allowed out on the streets some Rule Breakers are treated leniently by Police Others are threatened with fines. For the orchy thoughts family the curfew brings its own difficulties but theyre determined to comply as much as possible jaco is their biggest worry for any labrador puppies arent exactly ideal companions during a Global Health crisis there hes always seeking attention from strangers in the street and at home too im beginning to see every person we come across as a potential source of infection. You begin to go a little crazy in isolation laura tells us but then nothing here is as it should be at the moment those in madrid simply need to hold out in the hope that things will turn to normal soon. Here. A look now at the latest coronavirus developments peru us declared a state of emergency and closed its Borders Security forces are helping to impose south quarantine of the population venezuela has ordered residents to stay home under quarantine in 7 of its states including the capital caracas chinas putting all International Arrivals to beijing in quarantine it reported 16 new cases on monday including 12 arriving from abroad and iran is reporting another 129. 00 deaths from corona virus taking the death toll to 853. 00 for more on this we can speak now to dale fischer hes a professor of Infectious Diseases at the university of singapore also the chair of the World Health Organizations global outbreak and Response Network thank you for joining us here on t. W. You have saudi in some of those asian countries. Thanks so so what youre saying at the monitor is. Is really what was expected we knew what happened in the moon and the rest of china and the lockdown in china really allowed her to look for a lead time for the world to prepare so much of the world hasnt prepared and now theres a lockdown in those countries and i really hope that they prepare because when they do who are this could come back if they dont practice what thing practiced in large parts of asia. And these are the things that was floated about many times before this is the Early Detection of cases its lots of testing its its quantifying your contacts but its most importantly its isolating the cases asia will not let a positive case back into the community until the test is clear and this is a large practice that this is a practice that is by and large is ignored in the rest of the world where people are put on home harm saying and theres a trust that even when theyre better we dont know if theyre still shedding virus but theres a chance that they go back in the community and i think theres a fundamental difference between what happens in taiwan Hong Kong Singapore korea and china still why do you think that is why do you think European Countries are ignoring what you say is an important measure to be taken. I think it was started by one of 2 countries and in a way its become the norm and and all of course theres other differences but all those countries their numbers are going up asias numbers are coming down or or at least grouping up at a very controllable level if you say that lock downs can be a factor for how long i mean or how fast are these measures have an effect in slowing down the spread of the virus. So let me just say korea didnt lock down they just implemented these measures they didnt close roads they they just there was a social responsibility of the people to to not spread or to not go out if they were sick they have had an experience for most obviously you know lock downs are really a time way to. Reassess your approach you can say have we got all iraq and all our policies right are we going to pontins facilities in place or weve got our Contact Tracy in place and are we communicating our message well enough so that community so that they can actually be part of the solution because i can tell you there are major part of the solution by they have to practice the social distancing you know not go out when theyre sick all these types of things that were already familiar with so deal if lockdowns give us a time when its time to look at some of these measures and waste their prevent the spread how long should they be in place for. I think until the country is is ready because i can tell you korea didnt lock down they just they just put all these measures in place in in other countries that are already in place and you know were very vigorous with with making sure that context are found on their found early tests done on old people that are suspects and if you because it is then youre isolated and youre not allowed out until until your throats hopes. Are able to leave it there dale fisher professor of Infectious Diseases at the university of singapore also from the w. H. O. Thank you so much for joining us on. Now markets around the globe are starting the week with heavy losses germanys benchmark dax index fell more than 7 percent shares in the german blue chip index fell to a low not seen in more than 4 years earlier asian markets also continue to drop tokyos nikkei was down in spite of emergency monetary action by the bank of japan hong kong and shanghai were also trading lower that after chinese authorities released data showing that retail sales are down more than 20 percent industrial output is down by 13. 5 percent. And among the hardest hit sectors the tourism and travel industries countrywide lockdowns travel and hospitality restrictions are already hurting the sector now german travel operator 2 he says its spending the bulk of its operations will air carriers are temporarily laying off staff meanwhile an airline Consulting Firm is warning that most Airlines Worldwide could be bankrupt by the end of may without warning comes as air carriers cut jobs and seek government aid to make up for falling ticket sales and cancellations all due to the cold at 19 pandemic. Are we have our business correspondents following this story for us aaron tilton is with us here in our studio in Chelsea Delaney is over at the Frankfurt Stock Exchange chelsea i want to start with you weve heard there are huge problems for the travel and Tourism Sector and it doesnt really seem like investors are taking that this well today. No its been really a bloodbath for the Airline Industry and its shares in particular one of the biggest losers were seeing here and frankfurt on the dax is lufthansa which is down about 12 to 13 percent today so this is really coming after also a lot of volatility over the past several weeks the number of airlines. Air france cayle and British Airways all of them have lost about half of their market value over the past several weeks as the travel restrictions have started to increase and airlines are doing all that they can right now to really sort of offset these these impacts theyre cutting staff theyre cutting routes but it is becoming increasingly likely that theyre going to run out of cash at some point soon ok so its a dramatic situation for airlines erin coming to you weve heard that germanys to we is now suspending much of its operations how bad do things look for the Tourism Industry well im not going to sugarcoat it they look bad you really have to to look at this in the Broad Perspective i mean this is a perfect storm for the Tourism Industry of course tourism is based on the idea of free travel most countries and were seeing one travel restriction after the other crop up roads being closed airports being closed and why dont we just deal with the Trump Administration<\/a> tries to take over a German Biotech Company<\/a> and secure exclusive rights to a future coronavirus taxi. Im sumi so much going to thank you for joining us europes open borders are beginning to close the germany has joined a growing list of you countries to at least partially shut out its neighbors in a bid to halt the spread. The coronavirus and if you take a look at the map youre berlin has announced controls on its borders with a switzerland austria with denmark and luxembourg as well right along its borders new restrictions are also being imposed along the french german frontier. Gridlock on the french german border these cars have been waiting for at least 30 minutes to end to germany. Were sending back any vehicle which is not being granted special status to enter germany as a valid reasons across. Its just one of many makeshift Border Control<\/a>s set up on monday in a bid to stem the corona Virus Outbreak<\/a> german citizens and residents may continue through as can delivery drivers and those commuting to work and you on display in corona virus symptoms will be handed over to health authorities. More than normal actually they need to protect or somehow from everything thats been happening its really bad at the moment there is no set time frame for these travel restrictions and the government says it might extend them to borders with other neighboring countries. Very recent of when i was korean we must assume that we have not yet reached the peak of this development. The situation is very serious and we must and will react this is happened in many areas and be very very squishy one of the most important measures of protecting our population from infection is breaking the chain of infection. German chancellor Angela Merkel<\/a> is expected to make with the french president and leading e. U. Officials later on monday to discuss the Border Control<\/a> measures. All right lets go to band regular he is standing by right on the french german border between the french town of fox and the german city of southwark and and you are on the german side of the border how are things looking where you are is traffic still running. He had the Border Crossing<\/a> of the autobahn number 6 traffic is running quite smoothly there are no more traffic jams into france most of the 6 to 8000 commuters a pos this Border Control<\/a> every day already in germany and you can see behind me the brits are the German Federal<\/a> police is checking some french cars and french people trying to get into germany they have not many chances because you have to have a workplace in germany on another good reason to enter germany and these cars would be sent back to france this is part of the lockdown but these are only the few this is the minority it seems that people in france already know that they cannot check and they dont even try to get here to the border and police told me its a very quiet and calm situation right now than for people who are on the roads today how are they dealing with these tracks. Let me talk to some people who are talking back and control at this Border Crossing<\/a> theyre quite understanding that this is necessary to to fight the coronavirus and they say well they have a place in germany they tried to go there some people say they could go back to france and stay there for the time being so very understandably and no no and. And then what exactly are authorities looking to achieve here do they really think that these checks will help slow the spread of the virus. For the German Administration<\/a> says this is one mean to 2 to interrupt the the chain of infection of corona as some critics say well is that really the case because Truck Drivers<\/a> can go with their trucks over the border are they are immune to corona but. Is one trucks to go to deliver goods. But other countries like for example the austria have a very strict a policy they have a kind of curfew in place and it seems that also some parts of germany even all follow this lead the varian Prime Minister<\/a> announced that also restaurants bars the shops playgrounds and sports venues in bavaria of the be closed soon so that people cannot gather the and spread the virus all right our correspondent banned record reporting there at the French Border<\/a> thank you very much well the german decision to close its borders has already ruffled some feathers here in europe lets go to deb you scared standing by for us and brussels good to see you weve heard that a french president in modern mccall is not happy with germanys Border Control<\/a> measures what more can you tell us about that. Thats also what the spokesperson of the Commission Said<\/a> sumi similar to my colleagues said those are not the right measure seeing that the virus has spread throughout all of the European Union<\/a> and is seeing the regarding the fact that stopping the borders as boundaries pointed out can create straffing jams and that is something that the commission would like a to prevent there the spokesperson in the press conference was just that was just taking place made very clear that they do want to ensure that medical goods can get within the internal market of the European Union<\/a> to the place where the needs to be europe at this time know what needs to Work Together<\/a> but also essentially a Food Products<\/a> needs to reach the people a so that the food chains the supply chains remain intact and the european internal market is a very integrated market so its really lives from the fact that the borders are open if borders are closed the spokesperson make you know these need to be who already made actions not in the virtual member states. Making that making a panic decision if you want another issue maybe closing extremal borders that we have heard appears to be something that makes that that is being debated all right our correspondent karen reporting there in brussels thank you for that update now to the front line of the crown a Virus Outbreak<\/a> in europe italy daily life there as all but ground to a halt as the whole country is on lockdown all but essential shops have been closed the public gatherings and travels banned people have been told to stay home on sunday 368 new coronavirus related deaths were reported the worst single day toll for any country since the crisis began. And earlier i spoke to seemed in rome to find out why we are seeing such high mortality rates in italy especially in the north of the country. Well what youre seeing now in a way its its immense and it is very tragic but it was expected because what youre seeing now is the inspections that happened before the slow down measures put into place when the Prime Minister<\/a> locked down the entire country is that he essentially says the impact of those measures are not going to be seen for a couple of weeks so thats what youre seeing right now not the 11 towns that were originally put on those restrictive measures there were already seeing a slowdown been factions but youre not going to be able to see any impact for a little while and thats why the Prime Minister<\/a> has said that currently the situation is very critical if Everybody Needs<\/a> to do the a pot in order to slow down the section on top of that figure of deaths that were seeing 368 just in the last 24 hours its only has an Elderly Population<\/a> a quarter of the population is over the age of 65. 00 its one of the oldest populations in the world and we do know that kobe 9000. 00 particularly impacts the most vulnerable of Society Elderly<\/a> and those with Underlying Health<\/a> conditions so thats why you see these numbers while spain has become the 4th most infected country in the world overtaking south korea and coronavirus cases a 2 week lockdown is already in place and the government hasnt considering extending it as off possibly closing of the borders spains that 47000000 people are being asked to stay at home. Spending an entire day at home together is something the erkki thaws family havent done for a long time before trying to make the best of a difficult situation amid madrids coronavirus lockdown indigo is employed as a bank and can therefore work from home while his daughter is able to access her schoolwork via the internet but its his parents in bilbao that worry him. Youve not been going outside i hope here in Madrid Police<\/a> drones with loudspeakers are telling us to stay home and. When they tell you to stay inside thats what you have to do you cant go around spreading the virus your 14 year old paula is working studiously through her school exercises but it isnt always easy without a teacher. Demo no demo send you all the exercises but sometimes you dont understand them you can ask your parents but they might not remember so theyre not much help either and. Madrid a city known for its bustling streets and vibrant atmosphere has fallen eerily quiet never in the history of spanish democracy have such drastic measures been taken according to the government. Only those shopping for essential heading to work or visiting a doctor or pharmacy are allowed out on the streets some Rule Breakers<\/a> are treated leniently by Police Others<\/a> are threatened with fines. For the orchy thoughts family the curfew brings its own difficulties but theyre determined to comply as much as possible jaco is their biggest worry for any labrador puppies arent exactly ideal companions during a Global Health<\/a> crisis there hes always seeking attention from strangers in the street and at home too im beginning to see every person we come across as a potential source of infection. You begin to go a little crazy in isolation laura tells us but then nothing here is as it should be at the moment those in madrid simply need to hold out in the hope that things will turn to normal soon. Here. A look now at the latest coronavirus developments peru us declared a state of emergency and closed its Borders Security<\/a> forces are helping to impose south quarantine of the population venezuela has ordered residents to stay home under quarantine in 7 of its states including the capital caracas chinas putting all International Arrivals<\/a> to beijing in quarantine it reported 16 new cases on monday including 12 arriving from abroad and iran is reporting another 129. 00 deaths from corona virus taking the death toll to 853. 00 for more on this we can speak now to dale fischer hes a professor of Infectious Diseases<\/a> at the university of singapore also the chair of the World Health Organizations<\/a> global outbreak and Response Network<\/a> thank you for joining us here on t. W. You have saudi in some of those asian countries. Thanks so so what youre saying at the monitor is. Is really what was expected we knew what happened in the moon and the rest of china and the lockdown in china really allowed her to look for a lead time for the world to prepare so much of the world hasnt prepared and now theres a lockdown in those countries and i really hope that they prepare because when they do who are this could come back if they dont practice what thing practiced in large parts of asia. And these are the things that was floated about many times before this is the Early Detection<\/a> of cases its lots of testing its its quantifying your contacts but its most importantly its isolating the cases asia will not let a positive case back into the community until the test is clear and this is a large practice that this is a practice that is by and large is ignored in the rest of the world where people are put on home harm saying and theres a trust that even when theyre better we dont know if theyre still shedding virus but theres a chance that they go back in the community and i think theres a fundamental difference between what happens in taiwan Hong Kong Singapore<\/a> korea and china still why do you think that is why do you think European Countries<\/a> are ignoring what you say is an important measure to be taken. I think it was started by one of 2 countries and in a way its become the norm and and all of course theres other differences but all those countries their numbers are going up asias numbers are coming down or or at least grouping up at a very controllable level if you say that lock downs can be a factor for how long i mean or how fast are these measures have an effect in slowing down the spread of the virus. So let me just say korea didnt lock down they just implemented these measures they didnt close roads they they just there was a social responsibility of the people to to not spread or to not go out if they were sick they have had an experience for most obviously you know lock downs are really a time way to. Reassess your approach you can say have we got all iraq and all our policies right are we going to pontins facilities in place or weve got our Contact Tracy<\/a> in place and are we communicating our message well enough so that community so that they can actually be part of the solution because i can tell you there are major part of the solution by they have to practice the social distancing you know not go out when theyre sick all these types of things that were already familiar with so deal if lockdowns give us a time when its time to look at some of these measures and waste their prevent the spread how long should they be in place for. I think until the country is is ready because i can tell you korea didnt lock down they just they just put all these measures in place in in other countries that are already in place and you know were very vigorous with with making sure that context are found on their found early tests done on old people that are suspects and if you because it is then youre isolated and youre not allowed out until until your throats hopes. Are able to leave it there dale fisher professor of Infectious Diseases<\/a> at the university of singapore also from the w. H. O. Thank you so much for joining us on. Now markets around the globe are starting the week with heavy losses germanys benchmark dax index fell more than 7 percent shares in the german blue chip index fell to a low not seen in more than 4 years earlier asian markets also continue to drop tokyos nikkei was down in spite of emergency monetary action by the bank of japan hong kong and shanghai were also trading lower that after chinese authorities released data showing that retail sales are down more than 20 percent industrial output is down by 13. 5 percent. And among the hardest hit sectors the tourism and travel industries countrywide lockdowns travel and hospitality restrictions are already hurting the sector now german travel operator 2 he says its spending the bulk of its operations will air carriers are temporarily laying off staff meanwhile an airline Consulting Firm<\/a> is warning that most Airlines Worldwide<\/a> could be bankrupt by the end of may without warning comes as air carriers cut jobs and seek government aid to make up for falling ticket sales and cancellations all due to the cold at 19 pandemic. Are we have our business correspondents following this story for us aaron tilton is with us here in our studio in Chelsea Delaney<\/a> is over at the Frankfurt Stock Exchange<\/a> chelsea i want to start with you weve heard there are huge problems for the travel and Tourism Sector<\/a> and it doesnt really seem like investors are taking that this well today. No its been really a bloodbath for the Airline Industry<\/a> and its shares in particular one of the biggest losers were seeing here and frankfurt on the dax is lufthansa which is down about 12 to 13 percent today so this is really coming after also a lot of volatility over the past several weeks the number of airlines. Air france cayle and British Airways<\/a> all of them have lost about half of their market value over the past several weeks as the travel restrictions have started to increase and airlines are doing all that they can right now to really sort of offset these these impacts theyre cutting staff theyre cutting routes but it is becoming increasingly likely that theyre going to run out of cash at some point soon ok so its a dramatic situation for airlines erin coming to you weve heard that germanys to we is now suspending much of its operations how bad do things look for the Tourism Industry<\/a> well im not going to sugarcoat it they look bad you really have to to look at this in the Broad Perspective<\/a> i mean this is a perfect storm for the Tourism Industry<\/a> of course tourism is based on the idea of free travel most countries and were seeing one travel restriction after the other crop up roads being closed airports being closed and why dont we just deal with the Airline Industry<\/a> i mean these are some of the some of the headlines weve been getting in here in the last couple hours British Airways<\/a> says its closing 75 percent of its routes in the coming weeks air france also the same thing canceling 70 to 90 percent of its roads in egypt same thing 75 percent will be closed in april and may and in the United States<\/a> American Airlines<\/a> also says that theyre closing their International Capacity<\/a> by 75 percent i mean thats a huge blow to on the airlines and one that is going to be very very difficult for them to recover from i mean thats why just as charles you were saying there were seen them approach government saying that theyre going to bail out some type of Financial Assistance<\/a> and then also going to the unions and saying look you know they cant keep that entire staff on if theyre to actually survive this pandemic crisis that were seeing right now. We were initially talking about short term disruptions are these businesses really prepared for a long term disruption well that really is the big question and you know with the airlines i wouldnt be worried about it that much because just i mean theyre Huge Industry<\/a> and just as we saw in the financial crisis theyre the type of industry that governments like to get involved with and do like to bail out and make sure that they survive because they employ so many people what i would really be concerned with are some of the secondary and tertiary Companies Involved<\/a> in tourism so im talking about things like hotels like restaurants like small mom and pop shops mom and pop shop or of those that are depended upon tourist dollars to stay open i mean and that level the room margins are so thin they really cant afford to stay closed and each day that we remain that we remain they remain closed it increases the probability that they wont be able to open up their doors and then theres also the fact of their employees a lot of them are like seasonal employees theres their shift workers their freelancers they dont really have you know the savings that they need to be able to really get through a long term break like this and that could have a huge not going to factor long terms in terms of the economy once were through this so see what things look like there in frankfurt what are traders saying about the long term effects of this pandemic. Well this is obviously and the next several months going to have a Significant Impact<\/a> on Economic Growth<\/a> if we see economy is crying to a halt like they did in china like there in adelaide right now that will really impact the entire economy and the long term investors the condiments do you see the economy rebounding and in the next several months and by 2021 for example but i think this is also raising a lot of questions about the future of globalization as this is going to have people sort of coming back and coming back home but all of that still up in the air right now. Our Business Team<\/a> here i shall see delaney in frankfurt and aaron tilton with us here in our studio thank you both very much and you. Now did u. S. President donald trump try to buy off a German Company<\/a> leading the race for a coronavirus fact seen berlin has reacted angrily to reports that trump offered Biopharma Company<\/a> sure in fact 1000000000. 00 to develop a vaccine exclusively for the u. S. Foreign minister. Could not allow others exclusive rights to german research. Searching for a breakthrough this cure vaca lab in southwest germany hopes to be the 1st in the race to develop a vaccine against the corona virus that is being noticed with reports surfacing donald trump is trying to lure the company to the u. S. Fairly and is encouraging the buyer pharmaceutical firms to stay. In the political and we are seeing a lot of Political Support<\/a> and the issue is taken very seriously from various sites specifically we have received support from an International Vaccine<\/a> initiative of any so that these Clinical Trials<\/a> can also quickly begin to hear the commission for the gains of. The company says research into several possible vaccines has begun with the 2 most promising to be chosen for clinical tests it expects to have an experimental vaccine developed by june or july and will then seek approval for testing on humans. Kill vax specializes in a method called in which makes human cells produce proteins that trigger immune responses against infections or cancers on these a blog and on this basis we are now building that new vaccine we now have a process where we can quickly respond to new threats so we believe that this are in a technology is a very good way to quickly provide solutions. And to be. If the vaccine is successful in human trials your vax says up to 10000000 doses could be produced in several weeks. Experts originally thought of back saying would be 18 months away meaning a successful human trial as early as july would be welcomed by the global community. South korea has been among the countries worst affected by the new coronavirus but south korean businesses are working together to share the economic burden caused by the pathogen. So korean landlords and tenants are sharing the burden of weathering the decline in business caused by the corona Virus Outbreak<\/a> with reductions in rents large traditional markets especially needed the help. We used to get an average 300000 visitors a day. But since the corona Virus Outbreak<\/a> began weve been seeing less than 110th of our usual number of customers. As Business Owners<\/a> here have been suffering immensely. Not only domestic sales are affected as International Trade<\/a> has also dwindled especially for small exports. As. Korea has a competitive global legend the fashion industry and its products are high in demand overseas but now that foreign buyers cant even enter korea coupled with slowing fabric shipments and fewer visitors to the market overall its having quite a large ripple effect. In addition to the rent reductions market managers have also coordinated strict Public Health<\/a> responses some landlords have provided up to 50 percent off in rent although smaller reductions are more common but even those providing the discounts argue for more state led measures. Complementing revenues of the merchants biggest concern so tax remedies are needed. The government has announced new tax breaks a lower income tax means little if merchants arent making much to begin with so many want to see a decrease in value added tax. The large traditional markets rely on both tourism and elder shoppers both of which have dried up although more assistance may be coming merchants here in schools and empty moon market in around south korea are soon likely to get some more help from the federal government the National Assembly<\/a> is set to pass a multibillion dollar supplementary budget to support Small Businesses<\/a> and to help contain and mitigate the couvade 900. 00 break the socalled nice landlord trend has also brought banks into the movement with low interest loans as south korea copes with a deepening kovac 19 crisis frank smith reporting for us there well have more news for you at the top of the hour thank you for watching. Move. Move. Move move. Move move move move. Move move. Move. Move move move move move to. Go. From the slums of mumbai out into the world an ecommerce startup has launched an Online Platform<\/a> the merchants can use it to offer their products on bigger markets and expand beyond their own local clientele. To give them a close the book of. Boycotting. The good. Question what do you get 35 times of concrete blocks the form of 120 meter high tower around a crane has 6 arms on it. Battery the power enables the storage of renewable energy. But how exactly does this unique contraption work. Tomorrow today. In 60 minutes. Is the human race to destroy itself. We are mining the basic elements of our ecosystems. Were using too much water and moving. Above water just like. We may think old Water Supplies<\/a> will last forever. But they. Come when the rain storm. Starts march 20th on g. W. The mood. Of the. Constant change has defined mankinds juanita showed up weve moved from an Agricultural Society<\/a> to an Industrial Society<\/a> and to me to a Technology Paul<\/a> what Society Technology<\/a> has pushed us to become empowered and find Solutions Beyond<\/a> what we thought was possible what does this change mean for the planet thats what well dig deep into","publisher":{"@type":"Organization","name":"archive.org","logo":{"@type":"ImageObject","width":"800","height":"600","url":"\/\/ia902904.us.archive.org\/20\/items\/DW_20200316_120000_DW_News\/DW_20200316_120000_DW_News.thumbs\/DW_20200316_120000_DW_News_000001.jpg"}},"autauthor":{"@type":"Organization"},"author":{"sameAs":"archive.org","name":"archive.org"}}],"coverageEndTime":"20240716T12:35:10+00:00"}