tv Business - News Deutsche Welle August 13, 2020 1:30am-1:46am CEST
every journey begins with the 1st step and every language with the 1st word heard from the. coaches in germany to learn german and why not with simple. learning course comes free german. the german government extends another lifeline to travel giants to eat the sons are intended to get the company through the winter after travel restrictions left the firm on the brink of collapse. britain's fold into the worst recession in its history we'll hear from shop owner fearing for their livelihoods. the company opened to smaller scale investors we'll get the latest from new york.
is business i'm kate ferguson welcome to the show german travel company 2 e is getting an additional 1000000000 euros in age from the german government the funds are intended to help the firm get through the winter after its business was decimated by the coronavirus 2 e has already received a loan from germany's state development bank to eat one of the biggest travel groups in the world turning a profit before the mc. for more i'm joined by political correspondent fineman young find out how important is to be for the german economy. well to be is one of the world's largest travel companies by some reckonings it is the world's largest travel company certainly the largest in germany that explains only why it already received 1800000000 euros in state loans back in april the 1st large german company to do so they've got 70000 employees worldwide
10000 of them in germany and they had a revenues in 2019 of 18000000000 euros and more so it's a company with a proud history it's very important for the german economy they're the 1st cash injection and evidently wasn't enough how far if the german government willing to go to save the company. yeah that's the big question and it's hard to know of course if the travel industry will ever get back to where it was before the corona pandemic it may be that in future the travel industry is just a much smaller part of the economy than it was before i think where the german government is focused on jobs too he's already said that it's causing 8000 jobs worldwide and in a statement today the economics ministry said you know this is to help the company get through an unprecedented struggle and a difficult time and above all to secure jobs but it's an expensive way to go
and obviously they won't be able to keep this kind of support for ever and are not germany is investing a lot of money to protect businesses and workers from the coronavirus are the policy of paying off. well that's right those the 750000000000 euro aid package to sort of ward off the initial effects of the pandemic with the team and then another 130000000000 euros in stimulus to get to more and going including lots of things like tax relief of businesses and so on has it worked well germany hasn't seen a massive downturn in its economy despite the drop in export orders and of course germany is particularly vulnerable there but there haven't been the mass layoffs or insolvencies that are feared so far if a 2nd wave comes and if a 2nd round of these massive measures can't be afforded well then there could be
a lot of pain for the german economy so many young thanks for speaking with us authorities on the island of maui russians have been working around the clock to contain last month's massive oil spill from a japanese own cargo ship the prime minister says nearly all of the fuel has now been removed environmentalist warn thousands of animal species are at risk of drowning in the polluted water is and that food security health and the country's economy are in peril. all these coral reefs have brought re now into more rishis a tropical island nation beloved for its natural beauty and crystal clear waters but there's trouble in paradise a massive japanese freighter on route from china to brazil struck a coral reef there. gaping hole in its haul. from the belly of the ship thousands of tons of oil leaking out and pooling on the shallow
waters close to the shore threatening an ecologically sensitive area. the ocean is also the lifeblood of the russian economy last year 1400000 visitors came to the island. going to be huge especially because of the whole. review. of this. so. it's going to reveal. any. residents along the coast have been collecting the oil sludge in pockets and the government says almost all fuel has been removed from the tanks of the ship but considering the scale of the accident longer term fixes are still going to be
needed. if british economy has fallen into its worst ever recession fallacious course any figures show the economy contracted 20 percent a far bigger decline then other advanced economies the dismal numbers coupled with the fact that a scheme to protect furloughed workers is due to end in october has left small businesses terrified about their future the large gift shop in south london is still open for business but the weeks long lockdown has pushed the owner to the financial brink now there are hardly any customers having to wear a mask inside is not exactly conducive to leisure browsing and shopping and many people are holding on to their money shopkeepers not just here worry that they won't be able to hold on for much longer. we're just very worried about the future . we're worried about a 2nd wave of the coronavirus hitting us especially with christmas coming we are not sure whether to have to commit to stop for christmas or not because we don't
have the stuff at the same time if it turns out to be busy we don't miss out on sales so it's a very uncertain time small businesses in particular are suffering during the recession the borough market it's london's oldest food market these days it's emptier than it's been in decades and it's not just because people worry they'll become infected. we normally get $21.00 of these people coming through all tours each year be sure it will be lucky if we could free nearly 750000 britons have lost their jobs during the pandemic and experts worry that that number could soon climb at some grounds it is a real risk when the furnace the means there will be a job's both as it were an increase in unemployment at the time and that would have no home to the rest of the economy no problem a quick recovery is nowhere in sight still many shopkeepers here hope that they'll be able to somehow keep their heads above water in the months ahead. now to some of the other business stories making news one of the most famous names in
entertainment is 20th century fox is no more the company's t.v. studios have been renamed 20th television the film studio wasn't ready renamed in january after disney both the bulk of rupert murdoch's fox media outfits. meanwhile fox is launching a global streaming service for its news and business channels conservative leaning fox news is the us his most popular t.v. news channel but so far has only been available to domestic cable and satellite subscribers. tesla will split its stock for the 1st time in its history this month investors will receive 5 stocks for every one they currently own the move will not change how much the electric car maker is worth but it will make its shares more affordable the american company company went public just a decade ago last month it overtook toyota to become the world's most valuable car
maker. let's go now to business correspondent yes it's quieter yes tesla has had a stunning rise over the past few months and why are they looking to attract a new type of investor not 0. well it's always nice to find a new source of income and well if you look at it in the absence of sports betting especially a lot of younger people have actually have discovered this stock market for themselves i do not believe that it's necessarily targeting younger people why tesla did this split off their stocks but overall yes if you want to attract them smaller investors it is helpful if your stock is not worth 1500 dollars but just i'm sorry $100.00 so that's what's happening here and tesla had an stunna showing a run in the past couple of months a year ago the stock was at about $200.00 now the stock just on wednesday gained
$180.00 to $1500.00 per share so clearly an incredible run in general those stock splits basically are just cosmetics but it does show that the management is quite certain that the stock should hold up at this level at least and as i mentioned you will attract them smaller investors as your shares get cheaper one of the big questions for the near future remain if tesla will get added to the s. and p. $500.00 index if that happens then a lot of fund managers would need to purchase tesla stock and that could drive the stock price even higher but then again it's really been quite mind boggling if you see what's happened to the stock of tesla but obviously it's specially younger people are really attracted to all the all electric place where tesla clearly
belongs to mind body india and yet quite a new york banks have ever. and finally a modern but unique find a baseball card featuring mike trice of the law front of us angels has been put up for auction with bidding starting at a $1000000.00 initial offers have blown past that figure are ready with the auction only to end on august 22nd that's already a tidy profit for so called a vegas dave a sports betting consultant who said he bought the card for 400000 dollars 2 years ago. but an investment and that all we have time for thanks for watching.
any information on the coronavirus or any other science topic you should really check out our podcast you can get it wherever you get your podcast you can also find us at g.w. dot com slash science. the power of sports. where i come from and i never saw the sun when it did. have gone up in brazil my son was always a man since the point of his word 1st son is masculine and when i moved to germany as a 10 year old i wanted to come to him on t.v. that would change how i see the world because interment with his family and. seeing him now but the side of a good you so much time is upon you take it instead of a deep voice exterminate the guy seemed absolutely incredible. i realized how language shapes and thinking how to finish something if i'm not only mentally may
just put our whole perception of the role. is inside save my life and was one of the reasons i became a journalist i'm a storyteller and i use my words to help with intercultural understanding my name is the one way you and i work and to town people. welcome to newsroom the world of culture and here's what's coming up in the next quarter of a. times from the past being preserved in an online museum. and off hugely successful series meet the germans is back and its presenter rachel stone will be here to talk about that and the new meet the germans instagram channel.
but 1st live cultural events around the world have been devastated by the coronavirus the city berlin is world famous for its tech now clubs where the music and dancing stopped abruptly in march but artists are always inventive and now even take their music has been was to go over the rooftops of this city from one of its most revered museums. summer in berlin kovac 1000 put the brakes on the city now cultural life is gradually during again but under strict regulations in movie theaters. and museums. the pandemic has also prompted germany's principal cultural institutions to try a new path of depression patrol heritage foundation has for the very 1st time open the rooftops of the boat and museum and if they think that a church for a project together with berlin club.