Me and you. And you know what its time no voice is part. Of the 77 percent the top issue. This is where. The 77 percent this weekend on d w. No crash landing for germanys biggest ally shareholders have overwhelmingly backs a 9000000000 euro government rescue package. German fen tax fin tech firm why i call foster insolvency whats being called some power scandal. The lines keep getting longer yet more name. On the u. S. Jobless register. And we travel to ivory coast to see the disastrous impact of coronavirus on a community that hasnt even reached. This is deja vu business whats in berlin welcome along the fans the shareholders have voted in favor of the German Government 9000000000 euro rescue package for the airline the bailout for make the german taxpayer the biggest shareholder in the countrys largest carrier with a 20 percent stake but answer has struggled to stay airborne as the Coronavirus Crisis disrupts air travel across the globe to take off here and. Leave tons of pilot. Opens the throttle on the service a 350 for a test flight in the skies over the toulouse Assembly Plant germanys Biggest Airline placed its order for the modern efficient aircraft some years ago the fact this acceptance flight is taking place during the biggest crisis in love chances history hasnt escaped the pilots attention. Because its an important signal to my colleagues who are sitting either at home or on short term work these are tough times but its important to look towards the medium in the long term to see that things do get better and things continue. Working. The a 350. 00 has a catalog price of 300000000. 00 euros and love tons of specialists are checking every detail. Before the money changes hands and puts the plane through its paces with a series of stomach churning maneuvers transistor actually in the process of reducing the size of its fleet so the purchase of a flashy new jet is the subject of much debate throughout the carrier including its city line subsidiary in munich this aircraft is almost full much to the relief of staff in the cabin and cockpit but its not enough to overshadow an uncertain future. Course its nerve wracking to see the Shareholders Holding this vote. With their hope for the best. But still worry about your job. Into loose and back on solid ground. Aviation analyst. Thanks love transistor violent times now to a large extent homemade and that blaming the pandemic is all too easy. We love our main mistake was to believe that they could get away with relatively small cash reserves. Other airlines have done a better job of that British Airways owner i. A. G. Has much more cash and was a lot more profitable before the Coronavirus Crisis look at ryanair and easyjet too which have managed with pretty much no government support. This a 350 has been named after the german city of fribourg but theres no guarantee it will ever carry passengers anywhere full of tons of. Now from rising high to rock bottom in the space of just a week from a darling of the german fin Tech Industry why it has filed for insolvency just days after 1900000000 euro hole in its finances was made public what it is say they found evidence of elaborate fraud at the company involving multiple parties around the world. It was a historic day at the Frankfurt Stock Exchange and not for the most positive of reasons for the 1st time a company from the elite club of german blue chip stocks the dax is filing for insolvency. Wire card shares have plummeted by 98 percent within the past week following the revelation that the company had a gaping 1900000000 euro hole in its books. That news came out after the companies are to refuse to sign off on its 21000. 00 accounts this in turn led to the resignation of wire card c. E. O. Marcus brown prosecutors are now charging brown with market manipulation and tampering with wire cards books hes been released from custody on 5000000 euros bail. The insolvency filing does not automatically mean the end of the company though wire card could regain solvent see with the help of outside investors should not emerge the company will be dismantled and creditors paid by the sale of whatever assets wire cart own. Shareholders however will come out empty handed. Scandal at why germanys financial regulators under pressure buffett is being asked why he didnt spot the problems out the listed company sooner or even calls for a parliamentary inquiry germanys finance minister has described the situation as an unparalleled scandal. A scandal like the wire card scandal must be a wake up call that we need more supervision and control of the Financial Markets than we have today we owe this to the shareholders or the employees of these companies and in particular to germany as a Financial Center and to all of us as citizens. And more americans filed for Unemployment Benefits than expected last week the number of new jobless claims is 1500000 but that is still much less than the 7000000 seen during a single week back in march the new data comes as new cover 19 cases jump in western and Southern States with texas suspending reopening plans that could deal a new blow to businesses already struggling to emerge from coronavirus lock downs experts are warning that reinstating coronavirus restrictions could delay economic recovery. Lets get more on this from our financial correspondent in new york thanks for joining us so the reopening of the u. S. Economy not going as smoothly as some americans might have hoped it. Clearly not meant especially quite dramatic developments that we see in the south and tell us west of the United States you just mentioned texas and companies are also acting accordingly walt disney for example indefinitely it delaying their reopening off a disneyland in california we had apple in Houston Texas with at least a temporary closing 7 more stores we had another big restaurant chain with 700. 00 plus stores that had to file for bankruptcy protection so clearly the reopening does not go really there as smoothly as the stock market anyway it was up a quite a big hit here in the thirtys this session as were talking about the stock market actually because weve been hearing concerns about the situation for businesses in the u. S. Particularly whats seen as a disconnect between the Financial Markets and whats going on in the real economy what is the International Monetary fund and saying well basically theyre saying that correction is pretty likely a correction meaning that the markets by drop at least by 10 percent or one of the questions thats what could trigger this sell off and the i. M. F. Is saying that for example social unrest could be effect or also a 2nd wave of the pandemic but also if the monetary if the federal if the Monetary Policy should get changed and also if the trade tensions might increase so those are certain scenarios where we actually might see that the market eventually sells off but for now well we all know its the Federal Reserve pumping billions of dollars in the system that at least for now keeps the the stock market afloat not a lot threatening the finances in the u. S. Not only that unrest but the coronavirus in new york thanks a lot for joining us. Now virtually no part of the world has been spared the effects of the coronavirus pandemic everything and everyone linked so Global Markets is affected heres a look at how the Coronavirus Crisis is affecting people in ivory coast. This is miles away from the hustle and bustle of. The ivorian financial hub. A market in ficus a dupe in northern i recall sed. No cases of corona virus have been recorded here but covered 19 measures have disrupted trade with the biggest city abidjan so its effects are being felt. I love to live our. Lives yes i have 5 children. And it has i mean i become hard to eat because of the coronavirus i want that i dont want this to last corona has to go. But nobody really knows if and when the coronavirus will go this week the International Monetary fund warned of what the 2nd wave could mean after seeing the Global Economy will contract more than expected in 2020. The Economic Impact is quite significant because our parents and the women who cultivate food crops can no longer get to abidjan. As long as the cost of 19 pandemic continues this part of ivory coast could remain cut off from the countrys commercial hub. Now is a gem of a story for you a tanzanian mine as life changed in just 24 hours after he found 2 pieces 2 of the biggest ever pieces of rough times a night ever found sunny new lies sold the 2 stars weighing 9 kilos and 5 kilos and 2 the tons of in government for around 3400000. 00 tanzanite gems are only found in east african countries where mining is a major industry that mining and production accounted for 17 percent of tanzanias g. D. P. In 2019. And thats all from the d. W. Business team here in berlin if you want more from us do go to our website d. W. Dot com slash business you can also find us on facebook and twitter thanks for joining us. This started small one day safe. From a Cycling Company in uganda and making a protective shield from us to waste. Nationalists from taco truck the plastics have acted swiftly during the pandemic. Its good for doctors and nurses and good for the environment. For. The next. With him her to be gone and it goes on as well i and if i had known that the boat would be about small i never would have gone on the trip i would not have put myself and my. Harris so much attention to the bottom of the game of the davis leader would. Love on sunday because that one little bit of the news im i have Serious Problems on a personal level and i was unable to live there but what im going to. Want to know their story unfold migrants terrified employable information for margarets. Children is for me. Its for. The children its for her. And beethoven is for. Beethoven is for covering the. Beethoven 2020. 5th anniversary here on d w. W. A warm welcome to our environment magazine africa after a monsoon restrictions imposed because of the poor but gimmick public life is slowly returning to normal thats applies here