Theyre keeping a diary. And welcoming us into their stuff. A little sketchy as up close and personal as the pandemic will of my own. Diaries starts many teams g. W. All eyes on europe and the u. S. As their economies begin reopening in parts so can businesses find their footing a 2nd wave of infections push them back to the brink. Also coming up saudi arabia announces further cuts in Oil Production and further measures to help its Oil Dependent economy. And well look at how the pandemic is threatening medicine shortages at a pharmacy near you. This is your Business Report im Stephen Beardsley its good to have you. With us wall street wavered monday as more economies began reopening at risk of new infections the dow index spending much of the session down before recovering some of its losses spain france and belgium have all relaxed some pandemic restrictions beginning this week as have more states in the u. S. Meanwhile south korea once a model for its response is reporting new cases as is the chinese city of han where the virus originated. And lets go now to our financial correspondent in new york yen scored a positive run for wall street last week why was it so unsure as it kicked off this week yeah there is a sentiment on wall street that when it comes to stock prices we might have seen the lows in march but theres also this sense that was the comeback that weve recently is seeing that also the best of the recovery might be behind us and then we still have a lot of companies coming out with previous dismissal Quarterly Results so mary it was sort of one of those 6 samples here on monday 0 under armor the competitor to do you does and im standing here in front of a local Movie Theater that because there was one stock that traded up by almost 30 percent and that is Amc Entertainment the biggest Movie Theater chain in the world so there were some media reports that amazon actually might be interesting choir ing acquiring amc and that drove that stock price and up her as a lot of speculation about what the business landscape looks ahead looks like ahead now weve heard a lot of talk about a. V. Shaped recession recovery that is the idea that economies will rebound quickly once they restart is that just fantasy now based on what were seeing. Well i think its rather unlikely that we might see a v. Shaped recovery i saw some reports some here on monday that actually we might not see a v. Shape but a normal recovery and it seems to be pretty likely we will cause we will get certain setbacks when it comes to the economy and its not like a light switch yes we did switch the economy off but you cant just switch it back on so i think of the shaped recovery it doesnt seem that likely even if wall street is trading right now on hopes that the economy restarts we have the next golds that the car industry slowly is starting production again boeing wants to produce the mix 737 planes 2 and we hear from starbucks that by the end of the month theyre going to reopen almost all of their stores some in the United States so there is this piece of good news and hope but it will take time to really come back to where we were before the crisis it. Quarter with the latest for us from new york thank you. Over to europe where as part of those loosening restrictions we mentioned restaurants in northern germany have begun reopening for diners that means a few changes such as waiters Wearing Masks tables that are further apart and new ways of ordering from the menu. Its been a while since Restaurant Owner cough in law has been able to have a chop with his regular as. The new rules mean he and his staff have to wear muffins. I mean schools have to do with the im going to be back up and running but its really hard because you have to maintain one and a half meter distance its up to us to approach the gas they cant just wander in like they used to and say id like a table we have to take more of a. Menu no longer comes in its traditional form. Instead you can order the meal of choice on your smartphone. The ordering system did seem a bit strange at the start but its really great imo it was a bit scared of trying new things but im glad that cotton has reopened the place and that we can be here again. Here. There arent too many bookings on the 1st day of reopening to limit the spread of infection the tables are further apart than they were before the coronavirus that amounts to a 40 percent reduction in capacity. Thats the flip side of it less turnover means we have less money to employ people and we have to decide who comes in who goes on short time work schemes and who gets let go. The restaurant is located in the northern states just mechlin book for. The region has had relatively few cases of the coronavirus so far but it relies heavily on Tourism Hospitality representative say they need more support pointing out that livelihoods are at stake. But. Without more help Many Companies wont be able to survive the next few months last alone the winter. Just one in 3 restaurants in the region have chosen to reopen many are still busy making the necessary arrangements. In lawless hoping his eatery will be able to get through the year. With the food at up to the weve been hoping that their thoughts on meals would be reduced from the current 19 percent down to 7 that idea has been scrapped but it would have meant 12 percent more per meal that would really help us. Put the hospitality sector this pandemic means learning to adjust and holding out for a brighter time with. A saudi arabia has slashed oil output again the Kingdoms Energy ministry announcing monday it would deepen its production cuts by a further 1000000. 00 Barrels Per Day of the saudi economy is reeling from slumping demand caused by the coronavirus pandemic and thats pushing its leaders to curtail expenses and broaden their investments Coronavirus Crisis is giving saudi arabia a taste of what happens when the oil stops oil and gas accounts for nearly 50 percent of the kingdoms g. D. P. And 70 percent of exporting income its a world away from december when National Oil Company saudi aramco went public and became the worlds most valuable listed company. The price of crude oil has plunged dramatically since coronavirus lockdowns led to a massive reduction in demand in the 6 months since around koa launched its shares all has lost much of its value on Global Markets even dipping into unprecedented negative territory in an effort to shore up its slumping economy saudi arabia has unveiled plans to triple its value added tax to 15 percent and has halted monthly allowances to citizens the kingdom is also looking frantically for ways to diversify out of fossil fuels its aiming to promote investments in tourism and leisure such as the proposed purchase of a English Football ClubNewcastle United mean while the oil price light is a reminder to a ram co of why it is desperately trying to move into Renewable Energies aramco stock price has also been in steady decline this year yet so far it has not fallen anywhere near as sharply as the overall price of Oil Saudi Aramco reports 1st Quarter Results on tuesday analysts are not expecting a pretty picture. Of the pandemic continues to wreak havoc on International Supply chains getting those for medicines many of the components of common medications come from countries like china and then move on the secondary countries so what happens when production of the raw material stops to look. Its loud in here stuffy and smelly manufacturing antibiotics is a dirty process and back in march production that penname laboratories near delhi was going full blast churning out 150. 00 tons a month the final product goes to 60 countries including some in europe where its pressed into pill form but the precursor substances come from china and the coronavirus shut down their threatened production here it just shows how utterly dependent the world is 80 percent of medicinal Raw Materials come from china india used to produce them too but chinese products are cheaper and with in lost revenue by 30 seen their death of the in stock. And many a ride was gundry they had part of our dead and went begging and a very day. Hard that they are really paying to make their hair and so they. In germany pharmacists like here near stuttgart were having to apologize to customers about supply problems shortages of keep painkillers and Blood Pressure drugs as well as antibiotics were already an issue even before germany went into lockdown once china stopped exporting things look to go from bad to worse but Global Supply chains for medicines are complex and nontransparent in the house if youre a manufacturer of course youre not going to say where you get your substances at what price and in what fall you its like in other industries how you get your Raw Materials can give you a Competitive Edge the whole time the Coronavirus Crisis is only highlighted what experts have long warned about pricing pressure especially for generic medications has led to massive dependence on china many pharmacists in germany would like to see at least part of the production process brought back home. Was to work in this and we need the manufacturers to ensure stable supplies it cannot go on like this we really have to bring production back to germany to europe. And with similar calls being made in india it could mean governments will take new steps to break the chinese dominance of the pharmaceuticals market. 1000000. 00 thats the starting bid for the guitar played by nirvana front man kurt cobain during the bands celebrated unplugged concert in 1903 its one of several cobain items being auctioned off next month in Beverly Hills california the famously erratic cobain killed himself the age of 27 after nevada rocketed to fame on the back of bronze albums never mind and in utero. Piece of rock history there thanks for watching. Africa. Love and warmth is the way to save this endangered species. Bills are threatened by environmental destruction. A South African project tries to protect the baby birds lovingly rearing them by. But theres nothing to stop nature from calling for. D. W. Every day campus for us and for our planet. Over 19 years is on its way to bring you more conservation. How do we make citizenry. Can we protect habitats. We can make a difference. Good morning to you as soon as our mental series in the 3000 on t. W. And all month hey listen up. Thats what video game music sounded like 30 years ago. Todays tracks take the experience to another level ok sense to him talk composer. Featured in many games just music is bound to come for his fans he opens doors to. Sounds good. Though genre thats so much more than just background music. Video game music on d w. A very warm welcome to africa vironment magazine coproduced by channel siri here in nigeria detail d. In germany and t. V. In uganda my name is nelson cohosting the program from the other side of the continent even my dear colleagues helos and. Thank you. Both while