Its for. Beethoven just for health. And beethoven is for. Beethoven is for crayon. Beethoven 2200. 50th anniversary here on d. Dont know. Where are the 2000000000 euros german payments firms wire car now says that the missing revenue on its books may not exist the latest in a massive corporate scandal. New york reopens offices and restaurants can the big apple get back to business. And the pandemic is rattling businesses around the world but its the smallest firms that are being hit hardest well explain. This is your Business Report im Stephen Beard its good to have you with us 1900000000 euros thats the gaping hole in the Balance Sheet at german payments from wire card the blue chip listed firm now says the money probably doesnt exist a scandal has led to a frantic sell off of its stock in the past days as well as the resignation of the companys c. E. O. And the growing expectation of criminal charges. Once a rising star in the financial startup world why a card has fallen back down hard when it burst on to germanys blue chip index the dax in 2018 investors were bullish about its Business Model why a concepts of contracts between retailers and credit card issuers banks and online Payment Systems like paper. Saving retailers time and money but fraud allegations and questions over Accounting Practices dogged the company for 18 months things came to a head last thursday when wire card said auditors could not trace 1900000000 euros ended in its Balance Sheets the funds were supposed to have been in 2 philippine banks but on sunday the Philippine Central Bank said the money never entered the countrys financial system. The disappearing money scandal has already cost c. E. O. Marcus brown his job and prompted a criminal investigation into Board Members and on monday a fresh admission wire card says its likely the missing 1900000000. 00 dont even exist. A stunning statement that also raises questions about german regulators markets watchdog buff in sided with wire card after the 1st press reports on irregularities it even filed a criminal complaint accusing journalists of trying to damage the companys stock price the agency now says it will review its handling of the case the missing wire card money amounts to a quarter of its total Balance Sheet its now facing a cash crunch and says its in talks with creditors but time could be running out for the company one started as the future of german finance. So what is the scandal mean for wire is our financial correspondent Chelsea Delaney. Well the mystery over wire cards fan it says really deepens by the day and the 2000000000 euros that may have never existed is really just the tip of the iceberg wire kurtas been facing allegations for more than a year now over its Accounting Practices but whats really emerging as a potentially widespread and enter connected web of a fraudulent results at the company an addition to the 2000000000. 00 euros that theyre saying didnt exist theyre also saying that really the backbone of their company which is working with overseas subsidiaries and partners to process payments theyre saying they cant really verify that that that business is taking place either so this all really raises the question of what was real that wire card and what can it do Going Forward it is facing a massive cash crunch its shares have lost more than 80 percent of their value its facing potential cancellation of its loans from from its creditors and its also certainly going to be facing a lot of legal and regulatory challenges Going Forward prosecutors in munich already said theyre going to be investigating the company and its and biggest investors are also threatening to sue at this point or other financial correspondent Chelsea Delaney there americas Financial Hub is getting back to business with restrictions new york city allowing restaurants to open for Outdoor Dining as of monday barbershops and hair salons can also now open their doors but it has capacity the next phase could allow you to reach to serve food indoors to customers but as business slowly returns so do fears cases of coronaviruses are jumping in states like florida and texas. Are financial correspondent joins me now from new york yes were hearing a lot here about the rising number of cases across america is this not a bad time to reopen things. Well it clearly is a long road to recovery but just by surely the Restaurant Industry is crucial for the labor market and the overall economy just look at new york more than 600000 people work in the Restaurant Business in new york city alone countrywide its more than 15000000 people and restaurants bars cafes they try to keep the social distancing it now in new york and you only can eat out a site and as soon might see from this little cafe here in my neighborhood it is. A start and also for the restaurants its quite costly they have less guests they have less seats but on the other side they also have higher costs to keep social distancing and thats why there are still estimates out that 3040 percent of the restaurants in new york actually might eventually not survive the clear beneficiaries so far from the obviously is the Digital World and that also shows on wall street the tech heavy nasdaq composite here on monday reached its 20th a record high of the Year Companies like microsoft or apple was new all time highs but at least restaurants do reopen at that i mean some of the jobs that we lost in the past couple of weeks and months might return all right yes quarter in new york thank you. U. N. Study has found that the coronavirus pandemic has strongly affected roughly 2 thirds of the worlds smallest businesses that is those with less than 20 employees now compare that to large firms with over 100. 00 employees less than half have been hit in the same way especially vulnerable are businesses in developing nations take a look. To have done open just cafe here in jordans capital amman last new years eve less than 6 months later hes facing closure even though jordan has started to ease lockdown measures his tables have been mostly empty since cafes are allowed to reopen and his regulars are afraid to come in for coffee or to smoke shisha. To look im sure that i will have to close if i cannot find someone to support me maybe my brother my friend i must get some kind of support from the federal government will support us we hope that there will be such a program but if we dont receive it we will completely close our business and. Governments around the world have trillions of dollars in aid to support their economies and businesses but more than half of small and Midsize Companies around the world say its not enough thats especially true for developing countries who report falling exports as both the trading partners and to recession and stop buying their goods travel Restrictions Mean tourists are also staying away and consumers everywhere remain has a tent to spend do we expect bankruptcies yes we do around 20 percent of small and Medium Sized Enterprises tell us that they may not survive the next 3 months now to to assess the extent of that number keep in mind that small and Medium Sized Enterprises all responsible for around 70 percent of employment in devote and amman abu hamed on isnt giving up yet even with few customers hes opening his cafe stay and the hope that life will soon return to his city. Back to germany now where rising numbers of infections at meat packing plants through a harsh light on that industry and renewed debate over the low price of meat in the country germanys organic industries meanwhile seeing a boom there it also has its limits. Organic farmer who better hearted man is heading to the pasture where his cows are grazing the animals are doing well and so those who betters himself. Inside theres a big demand from the consumers and as an organic farmer im pretty happy about the way things are going at the moment. Most of heartlands pigs are sold to a Meat Processing cooperative in the row valley he and a 100 other farmers deliver 25 cows and 300 picks a week. A relatively small crew of just 40 staff process the meat organic meat production is considered to be better for the animal its also perhaps better for the workers who avoid working and the cramped conditions. We dont have the cramped accommodation like this of contractors do that we have permanent staff and we always have done our people are normal residents of the area were a local employer and that means a lot to us. Just as its all fish dish. Organic meat can be highly sustainable as long as it has enough consumers and during the Coronavirus Crisis sales have been increasing the troubled times for the conventional meat packing industry have benefited organic produce is boosting a trend that had already begun pharma hartmans pigs and cows have been on the menu at the canteen at the state finance school for 6 years now it dishes up 750 servings of organic meat per day from the machines is offered in guest communities we had to communicate to add guests at their piece of meat it wasnt going to be 180 grams anymore but just 150 grams and while we were doing that and weve had a great response weve received a lot of support call mom. So less but more sustainable meat can work in canteens the meat cooperative is hoping to make its way into supermarkets as well. Well the lockdown may be over but the Italian Economy is still reeling especially the travel and tourism sectors and one region has gotten creative as a response a Pilot Project in central now aims to lure of visitors and free Holiday Homes Initiative is limited to goll though a village in the region all summer tourist can stay for free in the center of the village the only condition is that they are not residents and dont have relatives in the region. Sounds like a pretty good deal thats it for us thanks as always for watching and well see you next time. One day. I was Cycling Company in uganda is making protective steel from plastic waste. From talk a child to plastics has acted swiftly during the pandemic. Its good for doctors and nurses good for the environment cold comfort go. Next to. This. Is a master of the art of confrontation this is wrong measuring of verbal combat mean youre going to see for yonks why the undisputed champion of so full of the cool talk trying to frighten people you know who so far everybody understands it is that you enter the conflict zone and join Tim Sebastian susie holds the powerful to account this is a fix for your whichever way you like to spin the conflict. Totally. And germany with t. W. And any time any place. Is a new. Video novella as. They have the benefit of. Songs to sing along to download to see just a combo from super funds to do a. Varied course is kind of into active exercises the hard thing about the d w joe call moustache dungeon and on facebook in the uk still. German for free but w. A warm welcome to our environment magazine africa after months of restrictions imposed because of the poor no one gimmick public life is slowly returning to normal thats applies here in uganda as well as to men