tv Business Deutsche Welle January 24, 2020 10:15pm-10:31pm CET
chris co we'll have that and more all the days of business news in just a moment we'll have more world news be on the top of the hour on the gulf wait that long as always the web site the government dot com of the day. i'm secure in the fire more than target and in the end is a me you're not allowed to stay here any more we will send you that. are you familiar with this. with the smugglers would lie and say. what's your story
ready. i'm with numbers and women especially are victims of violence in. part and send us your story we are trying in all with to understand this new culture. another villa turn other guests you want to become citizens. in for migrants your platform for reliable information. to. be corona virus reaches europe france declares 2 cases and expects more to follow meanwhile chinese authorities are quarantining cities and tourist attractions trying to contain the deadly virus also coming up as the doubles meeting comes to a close we look at what this year's forum achieved in terms of the. big and
powerful taking responsibility and tackling climate change and a future for troubled german holiday carrier commodore polish carrier lott says it's willing to put millions on the table for the former subsidiary of bankrupt travel operator thomas. congress called welcome to the program the new coronavirus is advancing france has now declared 2 infections meanwhile china were the virus originated has quarantined cities stopped public transport in many places and shut down major tourist attractions from disneyland to the forbidden city this as the nation prepares for the lunar new year festivities a crucial time for business. many chinese citizens are rushing to the supermarkets to buy food and daily items and book shelves stocking staples such as meat vegetables and instant noodles are emptying as people prepare to stay at home and avoid public places for as long as possible companies producing face masks are
working 247 to help fight the spread of the virus many here at the factory in the city of jennings are working overtime time i want to support to hunt the epicenter i want to help all the people there. is just one of the 11 chinese cities now in virtual lockdown wrist asians have been shot and there are checkpoints on main roads in and out the streets are empty except for those working on disinfection everything that can be is being disinfected. when sars broke out in china in 2003 it cost the world economy $30000000000.00 according to the world bank back then flights in the asia pacific region fell by 45 percent from the year before and almost 800 people died many fear the coronavirus could have a similar effect if not contained. for more let's bring in lou is they are on wall
'd street. markets have been spooked all week that this virus could grin grow into a major international problem and it seems to do just that. exactly having more than 36000000 people on lockdown and new cases a firm is a definitely taking aim investors say confidence and some of them ran for cover into u.s. treasury bonds so that's why you do you'll fall to 1.68 percent send in bag stocks and down also some household names here on wall street such as disney are taking a hit especially after the company announced closing off. comes also at a time of particular substantial traffic but also the time. parekh been falling since the beginning of for last year mike donald's also has over $2900.00 restaurants in china and its shares closed lower too now despite the concerns that
many in the travel industry also have about the coronavirus boeing shares saw a major boost on friday what was behind that. there was another roller coaster of a day for boeing shares the shares went down were down after us media started reporting that the company could cut production again on its $787.00 dreamliner but being say changes that u.s. regulators were pleased that we didn't progress the company's doing in revising its $737.00 market now the f.a.a. telling airline said the plane approval could come early and that means that said that most of them already took out all their schedules until summer or after and it's not only the u.s. regulators but all those around the world which also happen to give it the green light for their plane to fly again all they do is their own new york thank you.
friday marked the final day of the annual world economic forum meetings in davos the event turned 50 this year and celebrated by putting a younger generation front and center the urgency over the climate crisis drove much of the event and created some dramatic contrasts with world leadership. young activists like gretta tune burge stormed into davos planning to force through their message that change can't wait this was more than any other a world economic forum led by the world's youth the other generation has a lot of experience but we have ideas we have energy but for those hoping to ensure an adult hood of environmental progress the forum got off to a bad start on day one president trump decried them as prophets of doom and instead chose to talk about a growing u.s. economy america's thriving america's flourishing in years america is winning again like never before the disappointment was clear i didn't hear anything about
the world america is leader in the world and. i think that litters have to take care not only about themselves but also about other nations because we have the same collective planet since then the town of davos is witnessed more assertive environmental statements urging corporations and nations alike to wake up to the challenge the world is facing it is absolutely essential to recognize that climate change is an existential threat to us all and that climate change is running faster than what we are in day 3 so angle america will push for renewed global commitment to the paris climate accord. the boy that you are that this is an infant the world must act together it's an international agreement unfortunately not everyone is still with it but many are but it also meant of bubble that every country must make its contribution and buy it back that's
a lesson most young delegates began the forum complaining that previous pledges had been all talk pretty much nothing has been done since the global emissions of c o 2 has not and refused leaders must now make good on their promises because an impatient younger jenner. ration is watching. a change seems to be in the icy elf pine air in davos where the powerful and influential have been meeting for decades people like nobel prize winning economist joseph stiglitz our very own benefits all in asked him how different this year's world economic forum has been for him it was different in 2 ways i think the sense of commitment to climate change the sense of urgency was much greater than i've seen before. and this is true not only of civil society government leaders but also of the business community some real real commitment the other striking thing
was the dissonance between. the theme of the conference stakeholder capitalism workers the environment customers a broad perspective and having donald trump here. you know they talk of he said he was helping the middle class as he passed a tax bill that raised the tax on a vast majority of the middle class well it lower the taxes on the billionaires here and on the big corporations here that said we'll stakeholder capitalism then catch on will we see action. i don't know i think there's obviously a rhetorical flourish in the united states there's. understandable defensiveness because it's very clear that the shareholder capitalism has led to an environmental crisis a inequality crisis an opioid crisis
a childhood diabetes crisis all these things financial crisis all these things that are going wrong with american capitalism. capitalism is not serving large fractions of our society as they know they were can people are unhappy it seems like the u.s. is the problem i mean china's leading the way as far sustainability goes so many other companies around the world making their pledges here but we don't have pledges from the u.s. oil majors or from mr trump i think there is a sense in which the u.s. is is the problem let me emphasize though it is mr trump that is overwhelmingly the problem i believe if we had a different administration these business leaders who are less leaders than they might be would follow a new administration with a new commitment to address these crises which are not only american crises been in
various forms are global crises is the secrets thank you very much thank you nice to be here economist joseph stiglitz speaking to ben fizzling there and davos trouble german airline khandahar has been thrown a lifeline after the polish state on and on lot said it would buy the carrier for a reported 300000000 euros. following months of uncertainty condors future looks secure punish national carrier loss has stepped in to save the airline the units of thomas cook the holiday company that collapsed in september operates a fleet of over 50 aircraft one lot has 80 planes no layoffs are planned among the 5000 employees. i actually need all of them to develop the future that i would like to develop for our group so instead of thinking you know reductions we will actually be thinking in the future more employment lot as one of the fastest growing airlines in europe condo received
a 380000000 euro bridging loan from the german government the polish company intends to pay back the german government loan quickly. planning to repay it in full by april 15th that's when it's due and we haven't paid back. down this is. a thought. condo will continue to operate with its own brand the polish investor will invest to renovate the elderly long haul fleet over the next 3 years this could include a possible order of around 30 planes from boeing and airbus. and that's our show as usual there's more on our website that's t w dot com slash business i'm chris cuomo and thanks for watching have yourself a successful.
a chance find out onto the floor. to the point. of the 60 minutes b.t.w. i'm pretty skeptical. what secrets lie behind small. discover new adventures in 360 degree. and explore fascinating world heritage sites the. world heritage 360 get the maps now. coach of the. a few going to. join linked to from africa and the moral story link to exceptional stories and discussions from one uses easy to our website down to the pumps much coffee coffee join us on facebook g w for god. cannot and beer can. stick close to splay still has a listing of him standing cute. and tense does
a camp that all lit trains kimi more than anywhere near. nice shoes and he didn't want to marry. i want to follow story. because i'm bored. must. easily starts january 27th on d w but it's going to get out of. this as did other news africa coming up on the programme they are unprecedented in the size of the op with 10 children destroy everything in the uk pop swarms of locusts ravaging the east african sub region and threatening the food security of millions of people also coming up just imagining to talk show they went through this cycle as you got close to entering that it's.