Decided to put their trust in us. My name is jane curtis and i work. No crash landing for germanys biggest shareholders have overwhelmingly backs and 9000000000 euros government rescue package. German thing tax fin tech firms why i called foster insolvency whats being cold numb paralleled scandal. To the lines keep getting longer yet more names on the u. S. Jobless fragile stuff. And we travel to ivory coast to see the disastrous impacts of coronavirus on a community that hasnt even reached. This is deemed to be a business on robots in berlin welcome along. The fans the shareholders have voted in favor of the german governments 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 of dancer has struggled to stay airborne as the Coronavirus Crisis disrupts air travel across the globe. Go here and. Live tons of pilot all which annoy him and opens the throttle on this airbus a 350. 00 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 time 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. The a 350 has a catalog price of 300000000 euros and look tons of specialists are checking every detail. Every one free pass to see that security before the money changes hands and puts the plane through its paces with a series of stomach churning maneuvers lufthansas 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. Of course its nerve wracking to see the Shareholders Holding this vote. Thats both their hope for the best. But still worry about your job. Into lose and back on solid ground aviation analyst yes flatow thanks love turns as Turbulent Times now to a large extent homemade and that blaming the pandemic is all too easy puppy love i mean mystic 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 has much more care 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. 00 has been named after the german city of fribourg but theres no guarantee that it will ever carry passengers anywhere full of tonnes of. Now from rising high to rock bottom in the space of just a week former darling of the german fin Tech Industry wild card has filed for insolvency just days after 1900000000 euro hole in its finances was made public order tez 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. Why are hard 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 companys auditor refused 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 solvency 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 has put germanys financial regulators under pressure baffin is being asked why he didnt spot the problems out the listed company sooner or even cause for a parliamentary inquiry germanys finance minister has described the situation as an unparalleled scandal and. 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 if and in particular to germany as a Financial Center and to all of us as citizens thats silly. Now 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 cars in 1000 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 quarter thanks for joining us yes so the reopening of the u. S. Economy not going as smoothly as some americans might have hoped it clearly not especially quite a dramatic developments that we see in the 1000. 00 west them of the United States you just mentioned texas and companies are also acting accordingly walt disney for example is definitely delaying the reopening of food disneyland in california we had apple in Houston Texas with it least a temporary closing 7 more stores we have another big restaurant chain with 700. 00 plus stores that have to file for bankruptcy protection so clearly the reopening does not go really very smoothly as the stock market anyway it was up a quite a big hit here in the thursday session is 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 been saying. Well basically theyre saying that correction is pretty likely a correction meaning that the markets by dropped at least by 10 percent or one of the questions this 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 want to tear its a federal if its a Monetary Policy should get changed and also if 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 younes quarter 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 links to 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. Market in thick as they do good in northern i recall sed. No cases of corona virus have been recorded here but called it 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 really become hard to eat because of the coronavirus i want i dont want this to last. That 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. Be just as long as the coffee in 1000 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 tanzania in mind as the life changed in just 24 hours after he found 2 pieces 2 of the biggest ever pieces of rough tanzanite ever found son in new lies sold the 2 stereos weighing 9 kilos and 5 kilos struck them to the times of in government for around 3400000. 00 times a night gems are only found in the east african country where mining is a major industry that mining and production patted 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. Tonight you. Can now return to the coming holiday i am an. Enjoyment of. The thing is different. And each 16. 00 the party seems to be over. The faint is like a laboratory. And. When the germans come to visit some goose. Detail. What secrets lie behind. Discover new adventures in 360 degree. And explore fascinating World Heritage sites. W. World heritage 368 getting out now. The most anticipated movie dipsy called for a day about an article called for over a mention on the force im from you all of those missing men that makes them a little at least about on the system with the families at the last dragons and thats what i heard as called our history. Degree books are now. Im able to call people the 2nd season the only. Concern about the environment its still about society its still about a Little Planet on the brink of destruction circling the experts and the feel. Like youre still only getting sense you can. Figure. Alone a warm welcome to focus on europe im pizza cup and thanks for joining us these days were all longing for life to get back to normal while we are gradually moving towards normality in europe then