Kind of freedom that we. Coded more become a way to islamist terror. An exclusive report from a destroyed sitting. In the sights of fire starts may 20th on w. Cut. Countries are spending big to keep their economies alive right now but many nations simply cant raise the cash well talk to the president of the world bank about freeing up money for poor countries and maybe even cancelling all debt. Also on the show whats a hotel to do when there are no guests to book about renting out rooms as home offices. This is a Business Report im stephen. Its good to have you with us the world bank is urging rich nations to support developing countries in the fight against the krona virus pandemic repeating its warning that 60000000 people could be thrust into extreme poverty by the pandemic in an interview earlier today World Bank PresidentDavid Malpass told me that nations could even choose to cancel poor countries debt 1st i asked him how the global lender is working to get billions of dollars of grant money into the hands of the people who need it most thats an important challenge one way is to have Cash Transfer programs that actually gets money directly to people either through some kind of some countries have debit card systems some countries have small Bank Accounts that are available to the poorest some many countries several countries use their postal systems to actually give money to people and those are useful because the people can use it for 4 to maintain themselves during the shutdown but also to be ready if there if there is a recovery to participate in the economy so that thats thats one type of approach. Also the bank has has Careful Systems that work against corruption in the. In the money flows through the Government Systems and so we maintain those systems and work with the countries in order to try to have a good. For the money that does flow now in addition to the program of grants and loans the world bank is agreeing with the g. 20. 00 nations to temporarily suspend debt payments owed by developing countries but some countries such as kenya have expressed reservations that this might harm their Credit Ratings are those concerns affecting participation and the suspension program. The interest has been substantial in the by the poorest countries over half look like theyre Going Forward with it and i think that number will grow as they look into the to the benefits that it will it will give them. By not paying their their loans now that provides funding to rectally to them for that they can use for the for the Health Emergency and also for economic recovery so ive been very pleased i launched the effort in late march and was joined along with m f managing director chris elaine again if we were very happy with with the Quick Response of the g 20 they endorsed it and the governors of the world bank and of the i. M. F. All into oersted and so its moving forward very quickly so ive been happy with that and i would like to see it extend to commercial creditors as well that was one of the one of the issues in the g 20 communique was the call for comparable treatment from commercial creditors for about striking that debt altogether without the possibility. That debt something that. The worlds leaders both the developing countries and the developed countries may discuss depending on the extent of the crisis and how long it goes on with the cancellation of debt rather than a one year move. Because weve got a 8 month moratorium right now its possible that that moratorium would be extended or would become a cancellation for the countries that are participating in it and i was David Malpass their president of the world the world bank i want to continue this conversation with our financial correspondent and new york yes. Yes a lot of talk about debt loads thats a concern for countries even beyond the developing countries isnt it. If you really just look here at the United States for instance the debt has been a huge issue and unsolved issue even before the corona crisis if you look at private households running trillions of dollars of debt on credit cards on Student Loans own a car loan so for instance if. You would should corporate debt load and then also the government running huge deficits and all this step has even increase more and nobody really knows how to deal was that the Debt Forgiveness might be a global top pick not just in the developing world to miss you mentioned by the way i just saw that more than 4000000 americans at the moments are not paying their mortgage payments but at some point they will have to solve the debt load is piling up. All right the big theme here for the pandemic yen stay with me for a moment lets take a look at another topic in the u. S. Treasury secretary steven the new engine saying today that the Worlds Largest economy could be permanently damaged unless it gets back to work soon. Telling a committee of senators that the Trump Administration wanted workers back to work but in a safe way he rejected criticisms that the white house valued the economy more than Worker Health and course more states are reopening businesses even as Health Officials warn of the possibility of new waves of coppa 19 infections so yes an economic restart sooner rather than later in the u. S. Thats at least what the push is for how do normal americans view that idea. Well everybody is hoping for that but it might be challenging im standing here by the way on a parking lot off a bigger furniture chain and as you can see nothing happens here people take the space to teach their kids how to ride a bike or how to drive a car one issue for example its also whats going to happen with schools they will certainly stay closed at least here in new york it till september so a lot of families might not even if the possibility to fully return to work there was a survey out that about 50 percent of American Workers even if they would be allowed back to work they might be hesitant to do so and then by the way even if companies reopen we will see a more stay at home work and we will also see how efficient that is but clearly the hope is here with everybody that we get back to normal as soon as possible all right the hope is there but its a complicated puzzle yens quarter with the latest from new york thank you very much. And over to europe now were german prosecutors have dropped charges of market manipulation against 2 top volkswagen executives after the carmaker agreed to pay 9000000. 00 euros to close the case against c. E. O. Have at d. S. And Board Chairman hans dietz of perche prosecutors had charged the 2 want to allegations they withheld information about the existence of devices to cheat admissions tests the w. Admitted the software was installed in more than 10000000 cars. Amazon is reopening its warehouses in france a month after closing them the online retailer shut them down after a court ruling that amazon had not followed health and safety precautions amid the coronavirus pandemic the company has since reach an agreement with unions to mitigate contagion risk for staff and has stepped up Safety Measures requiring employees to wear masks socially distance and check temperatures. Employees around the world are desperate for a little quiet space now that offices are closed hotels around the world are meanwhile desperate for revenue with tourism all but impossible hotel home offices could be a win win. For the past few weeks called to locals and bag has been working at the hotel in the berlin district of prince lo a bag there the self employed educator has rented a room as her office and its there that she can hold seminars for germanys federal Employment Agency digitally at home shed have no peace and quiet with 2 small children around. An office room costs 55 euros a day or 249 years for the whole week. Just good or not given i thought of course the money for the office cuts into my profits i dont know about others. But its worth it to me to be able to work in peace and quiet and be relaxed and it helps me to do a good job too. For the Hotel Operator renting out Office Spaces is an emergency solution she hasnt had guests for months now because tourism has been banned during the pandemic now she has 5 office space renters and the demand is increasing. We were officially forbidden we no longer had the possibility of hosting tourists and of course we had to think about how we could generate revenue these days Offering Office space in the hotel is a viable option unfortunately its only a fraction of our normal turnover in corona times every euro counts and thats why were glad we found this new source of income. Some of the hotels 50 employees are slowly getting the other rooms back in shape starting next week tourists will be allowed to stay at the hotel again although with some restrictions and precautions such as more space between tables in the restaurant and plexiglass panels as partitions. Hoffa we want to return to 50 percent capacity relatively soon and thats what were hoping for at the moment we wont be fully booked again as quickly as we used to but guests will be coming and were looking forward to that. 2 guests have already booked for the day of the reopening but it will still take some time before theres a breakfast buffet again and guests can use the 100 year old swimming pool. Budget Airline Easyjet says it has been the target of a hacking attack of the incident affects around 9000000 customers hackers gain access to email addresses and information about travel bookings and in more than 2000 cases Customer Credit card details were stolen. Thats a for me and the Business Team here but to check us out online to the business dot com im seeing theres a link thats watching. Their tiny tensional a dangerous viruses and bacteria. But they can be very useful to. Although thats often forgotten these days. Join us in a microscopic world a fascinating discoveries. To today. Next. Sexism. Is from. The farm industry makes lot some. Money with gender stereotypes. More and more women and men are saying the. Same some businesses are now looking young conformity. Made in germany. 60 minutes to. The north what do they dream of at night. As cleaners they see the face of horror. Their job censoring for the social media industry. In manila there are thousands of socalled content monitors to take they screw up terrifying images from online platforms. Are a sick job for starvation wage the strain is enormous. The cleaners social medias shadow industry starts junius on t. W. Hello and welcome to tomorrow today the science show on d w. On sunday so we take a close look at viruses and bacteria that are good for us. But so would have the coronavirus we have to practice social distancing