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With the German Government is throwing a 9000000000 euro. Has been locked in talks for weeks with the German Government nailing down the terms of a bailout in order to survive the travel slump if all goes through the deal will be the largest german corporate rescue since the crisis began. Lufthansas airplanes sit motionless on the airfield in frankfurt their engines covered in plastic its an image that symbolizes the weeks of standstill the company experienced during the corona crisis with hardly any flights or passengers or revenue but now the German Government will be helping with an emergency relief package worth 9000000000 euros after a long fight over the deals fine print an agreement has finally been reached we want to make sure that germany maintains its leading position in the field of Civil Aviation its about helping a company thats rich in tradition get through the difficulties they were confronted with during the corona pandemic and steered towards a more healthy future. Over the last few weeks very few airplanes took off or landed the majority of those that did were cargo planes thousands of live tons of employees have been worrying about their jobs the German Government is set to receive a 20 percent share and lufthansa in exchange for giving the airline billions of euros in aid to government representatives will also get seats on the airline Supervisory Board both parties are waiting for the European Unions approval before the deal is finalised. And my colleague chris coburn business thinkers here with me so chris ok weve got this deal what does it mean for times are we looking at a leaner meaner airline well yes once this whole debacle is over with we cant tell when that will be but even weeks ago before this whole aid package was on the table or talks about it were being conducted on thesea or cause as was said one of the crisis is over the company is going to look much different than the times when the crisis started so we can fairly assume it will be smaller theyll be less people working for the less planes flying and it will be as you said leader yes the basic terms of this agreement we know they were agreed to last week why did it take so long to finalize the details it was a struggle over how much influence the state would get for the money it would give live tons of because most times i was very keen on not allowing politicians to make Business Decisions but it was clear that without the money without the 9000000000. 00 euro almost 10000000000 dollars lifeline tons of was likely to go under so were talking about 9000000000 euros for live tongues a pick that number apart and then youre going to need an x. Theres going to be 3000000000 euros in the form of loans 300000000 euros. Will be given to live tons in return for extra that it gives out for the state told and which leaves us with 5700000000 which is just a direct injection of cash by the government from taxpayers money put into a special fund that has been put up in order to tackle the economic fallout of the corona crisis but take the money from that 100000000000 euro fund take 507 of it and give it to france and what does the government getting out of this well if there. I think those planned fewer people unemployed thats certainly an important factor even though as we said look tons of is likely to look leaner after this crisis itll keep a Company Going that is the symbol of german wealth and prosperous and has been for decades. And get it 20 percent stake in live tons of which can be. Can be grown to 25 percent plus one share in order and thats an important figure 25 percent plus one share in order to block any sort of take over from another airline from another company so they can be increased and in the end germanys finance minister says well hopefully once this all is over we are going to sell the lufthansa shares that we have with a small profit and you know well see about that get the money back here i mean i guess is a case of its there to begin to traditional to fill in stumbling blocks that could block take off of this agreement yes the European Commission as is often the case needs to give it stands up and it has already said 2 very suspicious things here one is. The the. German lufthansa needs to reportedly give up slots takeoff and landing rights at its obs in frankfurt munich all for the sake of competition and that is something that doesnt go down well with a chance for america you dont have any business to competitors by the company the state has invested in now along with the fact that the e. U. Wants an exit strategy for from the German Government from this plan. Ms merkel reportedly already said it will be a hard struggle talks between brazil brussels and birthright and wed like for the pandemic to be over there. Chris there was always chris thank you. Well germanys top civil court has ruled that vogue flag must pay compensation to customers who bought v. W. Diesel vehicles fitted with software that manipulated emissions test results its the 1st case brought by a car owner in germany against the giants all the maker in the diesel gate scandal the court says the company has to buy back diesel cars equipped with that software the ruling paves the way for tens of thousands of others to receive damages. And we will bring you more on that landmark ruling in business with crists right here right after the news. Or lets take a look now at some of the other stories that are making headlines around the world Dominic Cummings a top advisor to british Prime Minister Boris Johnson has defended his decision to leave london during the coronavirus lockdown he said it was reasonable to travel to his parents home in durham for childcare reasons while he and his wife had symptoms of covert nineteens despite public outrage over his actions cummings says he has not considered resigning from his position the World Health Organization has warned that africa could face a silent epidemic if its leaders do not prioritize coronavirus testing africa has the fewest diagnosed cases of the virus so far accounting for less than 2 percent of global totals. In burundi the ruling parties cant leave has won last weeks president ial election with more than 60 percent of the vote every stay in the will take over from president pierre. After he was stepping down after 15 years in office the main Opposition Leader is disputing the result claiming widespread voting irregularities. Hong kongs security chief says that terrorism in the territory is on the increase after Police Arrested 180. 00 protesters tens of thousands of people took to the streets to demonstrate against a planned National Security law that they say will undermine the chinese territories similarly autonomous status for the last traces of protests are swept away 24 hours earlier hong kong streets were packed with people rallying against beijings proposed security laws and the stakes could not be higher for the territories future. Yeah yeah. A lot of people think that we exploited their freedom when coming out to protest. But i think the National Security no ill effects our freedom in the future and the freedom of future generations a morning like. That yet on. The scenes on sunday where an echo of last years mass protests after months of calm during the coronavirus emergency protesters came out again beijings proposed new Security Framework for the territory they fear it would mean the further curtailing of hong kong this right to protest International Critics say the legislation would also be a breach of the territorys one country 2 systems basic law in a joint statement organized by hong kongs last colonial governor chris patten more than 200. 00 law and policy makers from around the world have joined in. This is a comprehensive assault on the cities of tony rule of law and fundamental freedoms the integrity of one country 2 systems hangs by a thread if the International Community cannot trust beijing to keep its word when it comes to hong kong people will be reluctant to take its word on the masses beijing has been playing down the significance of the proposed law for hong kongs autonomy while warning Foreign Policy against meddling with. I want to stress that hong kong is Chinas Hong Kong hong kong with is surely chinas domestic it is is within chinese sovereign rights to determine when how and what legislation to perch on hong kong. The National Congress is expected to rubber stamp the new legislation later this week analysts think it marks the greatest reform to beijings relationship with hong kong since china to control of the territory so. Spain has started the next phase of relaxing its coronavirus restrictions people are being allowed to meet in groups in madrid and barcelona the countrys 1st beaches are also reopening the pandemic has already cost millions of spaniards their jobs that number is so high that welfare programs cannot keep up with soaring demand for food aid the w. C. And Philip Schultz visited one spanish family that is now dependent on charity 2 months ago a man who wouldnt have believed it if you told him he would be in this position in mid march the father of 3 was still a substitute teacher then his life went into freefall 1st he lost his job then his wife lost hers then the family had to use the last of their savings now he has to get food from the red cross without this charity his family wouldnt be able to get by. All of a sudden i stood there and went through a range of emotions 1st fear then helplessness then desperation then. When it started i tried to fight my emotions but then i had to let go and accept what i was going through. In this small town of festive poland in Southern Spain there are about 980 families who depend on food handouts the fact that you see no lights here is because the local charity has a telephone appointment system says social work. They do this to reduce the danger of infection but also so those in need dont have to suffer the embarrassment of being seen their. Kind of. Middle class families. For 2 months theyve had no income. But they still have a hit costs rent mortgage and of course daily expenses on top of that. At least not to have a mere days doesnt have to worry about paying rent right now his family is staying at his parents and last apartment but they have already used up their entire savings around 800. 00 euros when the crisis began he and his wife joined a Community Called to help the needy they bought 2000 masks and gloves to give to charity now they still have 100 such hope in hindsight he thinks this might have been a mistake but back then they thought they could count on receiving emergency help from the government they are untied chose to a few months off Disaster Relief funds but up until now they have not seen one cent. From idiotic because you know youre ruining entire families we dont want to wear it not for charities and the incredible helpfulness of our normal people. And then at some point we didnt know anything to eat but an awful lot of money and yes how do you want to embody the 2 of them have been keeping track of how often they have called the social Welfare Office small then 350 times sometimes the lines are busy sometimes they get a recording and when somebody actually answers the phone the social worker explains the delay in payment has been caused by their increased workload. They say theyll cant. That to me either by telephone or email if i havent heard from them after a week then i should try again. Its always the same story. They feel lucky if they can give their children a hot meal every day is in the ingredients given to them by the red cross their kids have long except that the fact that right now they cant get any new toys or even have dessert all of mine well and in as one has to work again or at least get back in the urgency of relief money. And heres a reminder of our top story germany has approved a 9000000000. 00 euro bill tons of the deal with give the government a 20 percent stake in the airline the final terms still have to be accepted by the European Commission. Youre watching news for us will be right back with us. For many theyre considered and dated washingtons poorer neighborhoods for crimes shootings abyss is James Houston has almost behind him and today his message is sports not murder. She is spreading hope and it is infectious. 3000

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