Figures showing 6. 7 percent year on year growth in the 3rd quarter. Its a bright spot in a sea of otherwise bad economic news. The countrys currency, the lira has plunged in value, Foreign Investors continue to abandon the country. Inflation remains stubborn. And now corona virus infections are rising fast. Streets are empty are than usual. Turkey has reported record numbers of new coburg, 19 cases. Thats led the government to impose more restrictions. Theyre pushing many restaurants and Small Businesses to the brink of ruin. Fast food store and used to have 6 employees. Now he has only 2 left and he can hardly pay them because you know, thats why weve been struggling for 7 months. But now we are really thinking, what should i do . Mock up and go, i might have no other choice. The government of president , one has cut Interest Rates in an attempt to boost the economy, but the countrys central bank has no change course. In mid november, its new governor hiked the main lending rate by 4
A look at the markets which reflect the dynamics of the u. S. Election asian share scaled a mere 3 year peak as democratic challenger joe biden picked up wins in some closely 4 states and republicans looked set to hold onto their majority in the senate because analysts believe a divided u. S. Government would make tax increases and tighter regulations on business unlikely but lets keep in mind this still counting votes in the United States. Because the uncertainty continues its time to cross over now to our Financial Market correspondent rhonda bruson who keeps an eye on the Trading Floor in frankfurt for us chrono hows the day unfolding in europe. Well i can show you the uncertainty it looks like this its a very jittery sideways german share index dax today of course everyone here continues to discuss what to expect from the United States very slowly also a few european factors are shifting back into focus for example german factory orders which have increased since september which gi
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
Might be a 2nd time the Global Economy is forced into ben demick induced standstill now many are looking at australia which is grappling with a 2nd wave of corona virus and could provide a look at how to deal with it. In melbourne the police are checking whether people who tested positive for the virus are awaiting test results follow self isolation orders if they dont show up at the door they can face fines as high as 20000 australian dollars. Melbourne home to 5000000 people feels empty all nonessential stores have been forced to close and even essential businesses such as meat packing have been ordered to reduce the number of stuff working at one time theres also unlikely curfew from 8 pm to 5 am. Melbourne is experiencing some of the toughest restrictions in the world. Place rules are there for all of us and now victoria has the right to be out of style well i think all i can do something that no one else is allowed to do youve got to follow those rules theyre incredibly important.
Cost of small groups who shout louder than us and profit from a lack of interest among reasonable people. In conspiracy theories can provide comfort you dont like reality create another. Film about knowledge and belief trust and deception democracy of the goal both starts in july 1st on g. W. Mexico tries to reactivate its tourism dependent economy the result town of cancun cautiously reopens from lockdown but will take more than some disinfectants and a trickle of tourists to get the Party Started still combine them for a trial. European Companies Say there is no 2nd china is still the choice for investment despite the growing a crisis at little progress on corporate fantasist. And environmentalists of bet on it for years Hydrogen Technology what makes germany think all of a sudden its going to take off now. And it was all in the. Business i bet a lot of younger u. S. Viewers will be sad about missing spring break damn that coronavirus but hey cantus just reopened in the a few 100 tou