tv DW News - Africa Deutsche Welle July 31, 2020 1:15am-1:30am CEST
this is the news live from berlin business news with kate ferguson is up next remember you can keep up to date with all the news on our web site called follow some twitter and instagram have also acted up the news and told me a lot of us watch. what secrets lie behind us was. discover new adventures in the 360 degree. to explore fascinating world heritage sites. p.w. world heritage 360 getting up now. what keeps us in shape what makes us see and how do we still come from. my name is dr carlson the i talk to me the complacence. watch them at work.
and they discuss what you can do to improve your health. state use a little on try to stay good shape. on. the u.s. economy suffers its biggest decline in post-war history meanwhile germany and i says a brac or debt in g.d.p. will get you analysis on what some are calling it the recession on the century. also coming up will america's tech giants help or hinder an economic recovery we'll look at how they're fairing turning upon timex. found airballs loses altitude as a coronavirus causes a in massive. in sales. this is the dumping business i'm kate ferguson welcome to
the show the united states and germany have posted their biggest economic decline in decades business investment exports on consumer spending all dropped as lockdowns put the brakes on economic activity in both cases the record drops came despite major government spending programs. one ruins is one of around 18000000 unemployed americans. the 56 year old accountant lost his job at a forklift manufacturer after he contract it covert 19. with no job to go back to he's finding it harder to find work than he had expected which. many people are losing their jobs because the companies they work for closed their doors in fact my company closed they said they were not selling and shuttered their warehouses. factories are closing small businesses to americans are tightening their belts and
that's cause the country's gross domestic product to drop by a staggering 33 percent last quarter. but it's also worth mentioning that if the u.s. counted g.d.p. like europe does that it would have only fallen by 10 percent. making germany's g.d.p. drop during the 2nd quarter slightly worse than the us is. however germany has seen less unemployment. thanks in part to government backed short term work schemes its office by the numbers for germany in q 2 were worse than expected but let's be honest we weren't expecting good news in terms of growth that's the important thing is to put the 2nd quarter behind us and look to the future and everything depends on the course of the corona pandemic. in germany infection rates are on the uptick . around 700 new infections were reported on wednesday in the u.s. the number is north of 60000. worrying numbers for one ruiz and he doesn't expect
the economy to get back on track soon his wife and son work part time but they barely make enough to pay the family's bills. that's right this done with the business correspondent yes costa in new york yes the u.s. has been much more badly hit by co than 1000 and germany has been why then are they posting similar to clients. well i mean there are devil is in the details so if you look at certain numbers for example investments here in the u.s. almost got cut in half in the past quarter also if you look at consumption there was also a drop of about 35 percent and i know that you can't compare the headline number there almost 33 percent decline in g.d.p. with a good 10 percent in germany and it's like comparing apples to oranges but my feeling overall is that actually a cut a country and an economy like the u.s. is fairing worse than that germany is faring better than the united states
and the economy here in the u.s. is driven by consumption it's driven by services sent those where the sectors hit most during the past months of the pandemic. now against you know both of these countries very well how would you compare the stimulus response from both so far well i mean definitely the united states is throwing a lot of money trillions of dollars at the problem you also have the federal reserve supporting the markets and the financial system but overall i would say that germany at least for now seems to be better prepared and that's basically because of the socialist social system that just works much better and much more direct to actually bring money to people where it's needed to bring it to companies where it's needed just by the way is not the fault of u.s. president donald trump we have those social systems here in the united states for
decades and it's just very difficult to bring directly the money where it belongs to this is clearly something that has to be worked on for the future but as of now at least it feels like germany as do we dealing with the crisis better than the united states even if the headline numbers as you mentioned earlier are quite similar. great talking to you now to some of the go unless the seizure wreaked havoc on the agriculture sector it's unclear however the cost structure country will afford to the compensation. chinese telecoms giant huawei has overtaken samsung as the largest smartphone maker in the world that's according to market research company connell us analysts say china's early recover from the coronavirus pandemic reinvigorated hallways domestic market where it sells more than 70 percent of its phones now some of america's biggest tech
companies have announce their financial results for the last quarter. facebook came out on top reporting an almost doubling in profits despite an opera ties or boy costs during the quarter meanwhile amazon posted its highest profit ever and applebee's wall street's revenue expectations but google parent alphabet and that its 1st ever a decline in overall revenue that was due to flocking. let's take a closer look now at how the u.s. tech sector has been faring during the pandemic to do that i'm joined by news arthur sullivan i thanks for coming on run me through just how impact the coronavirus has had on the industry ok so it's not really been as simple as have a good it's been it's been a bit of a mixed bag now in a lot of specs the big tech industry was made for the bizarre circumstances that the coronavirus pandemic put people in because it's an industry that's obviously
based primarily on 2 things internet usage and whether people will spend money on the internet or for companies like amazon that was obviously a very clear way that they were going to benefit during the pandemic because people were rushing on to their platform to buy everything from groceries to facemask to whatever things that they weren't able to go to the stores to buy for giants in the social media areas just facebook or in the search area like google it was a little bit more challenging because while usage was obviously o.p.p.r. on facebook and google more advertising revenue was not necessary or because so many small businesses which advertise in those platforms were no longer in a position to advertise because their own businesses were struggling for other reasons to do with the pandemic so in many respects big tech has benefited on like so many other sectors from the circumstances of the pandemic but it's not as simple as because there are other challenges that the democrats for them i can sell to them thanks so much for your insights. airbus has posted a quarterly loss of 1900000000 euros the plane maker says the coronavirus has presented the industry with its greatest crisis ever the company sells half as many
planes during the 1st 6 months of this year as a detour in the same period in 2019. for residents of the tiny town of levine you're new to news it's a familiar event and the 3 years on the way. whenever one of the aircraft is assembled in the nearby factories parts of the fusion which has to squeeze through the narrow streets this time it's for plane to 17th to last the giant airbus a $380.00 has been discontinued after just 15 years in production i think that people would have loved to have the sec raf you know being produce for a longer period of time anyway again i think that everybody is very proud about the aircraft and what it means to help us know how the skills that we developed along those is very important then to pave the way for the future innovation. up to
$850.00 passengers fed on a $382.00 day but times have changed airlines around the world are no longer looking for maximum capacity nobody want their aircraft to be cost effective and flexible the end of the 3 years couldn't come time for us they've barely recovered research and development costs and at the same time the company is dealing with the consequences of the coronavirus pandemic. is in charge of cabin design but today he's in charge of delivering a long holder of the new the $350.00 type. the pandemic he says has picked airlines around the world in a precarious position. is feeling the knock on effect. is in 911. we've seen crises in the past 911 the sars virus those were just small dents that didn't affect our long term growth this time the losses are big and they're going
to last much longer that means we have to think in terms of years before things get better all. around the globe airlines are struggling with insolvency and cancelled orders airbus has had to cut production by 40 percent since the beginning of the pandemic employees like pilot thomas wilhelm see each delivery that takes place on shared you as a glimmer of hope. that one's a switch to just one it's important for us to keep our production stable even if it is at a lower level and it's a very good feeling and a positive sign that we're delivering big planes like the u.s. . so it was a group we falsely for on. the flight of the new a 350 was a success but stuff are worried airbus has announced plans to cut 15000 jobs from its worldwide workforce. and finally with all this economic doom and gloom you
might be forgiven for just wanting to get away from at all no surprise then that the value of the so-called space economy has risen to an astronomical 400 $30000000000.00 in the past 10 years spending on rocket satellites and other services has risen by more than 70 percent over 80 countries now have space programs. the sky's the limit i'm not following have time for thanks for watching.
good luck. koreans who have enough how. they are forced their governments sink into the sewer corruption. oligarchy grants themselves privileges while gone for saddam to service the mass of the citizens. now there are daily demonstrations and the demands for a government of. some goods from europe. next on t.w. . to the point sean opinions clear positions international perspectives coming. out of the united states and china drifting towards come more
cumbersome much at stake what can be done to ensure that the world's 2 most powerful nations don't reach a point of no return find out on to the point. to the point of. the mean system focused on t w. every day counts for us and for our planet. business want to bring you more concerts. how do we see the screen. can we protect habitats what to do with all our waste. we can make a difference by choosing smart solutions over steyn said and only. the
easiest to see research council on the global. a low and a warm welcome to focus on europe i'm liable oh it's nice to be back it's the most corrupt country in the e.u. for years belgariad has been rated last by transparency international for corruption and press freedom in the european union and many blame one man in particular prime minister boyko borisov though.