Speech color of prevention and sustainable local production. All of the sos are Available Online and of course you can share and discuss on africas Facebook Page and other social media platforms. Crime fighters tune in no. Doubt a bit of. A bad day for boeing shafts now which an ash shuttle tonsils orders of almost 100. 00 aircraft and demands compensation how much more can boeing take. Also coming up whos to blame for the downfall of wild caught regulators a searching for on says as the investigation into in the insolvency payment platform intensifies. And growing vegetables on a rooftop in paris europes biggest urban fungus 3 sions access to locally produced fruit and vege. But until you get the business im going to get johnsonville and good to have you with us now these are trying times for the aviation sector on both sides of the atlantic today airbus announced it will cut some 15000 jobs citing the coronavirus pandemic for the move its main rival boeing so it shares tumble afternoon region as shuttle cancelled orders of 97 Aircraft Carrier said its terminated the purchase agreements 45787 dreamliner and 92737 max planes and legion also wants compensation for losses he says it encourages after the global grounding of 77 max jets and engine issues with the dreamliner. For more lets bring in our wall street correspondents caught it in new york looks like just another blow for a battered boeing isnt it you know clearly and it might not be of the last customer who cancels some orders says serve a lot of airlines under are under a lot of pressure as far as i understand boeing still has about of good 4000 orders for outstanding orders for the 737. Makes 8 plane sold that is still looking pretty good on that term and what also does help boeing is that the company is also a big good defense or contractor and they are pouring actually could gain some orders in the past couple of weeks and months but clearly a lot of pressure on boeing of the stock down by almost 6 percent and also if you look at the suppliers for boeing in the state of washington for example weve seen thousands of layoffs there was the suppliers in the past couple of weeks youre talking about stocks down i mean theyve been going up and down and interesting enough we hear that wall street is actually wrapping up its best quarterly performance in decades now were talking about a quarter overshadowed by the Coronavirus Fund demi please explain. Its hard to put it in words because what did happen in the 2nd quarter is that blue chips are up by almost 18 percent and was that it has been the best quarter since 987 for Technology Shares of the nest that competent was even up by almost 30 percent in the past 3 months and all of that is summed up on a day where u. S. Health officials are warning that if trends continue that we might actually see 100000. 00 corona new corona infections per day so what is driving the market basically is on one side the hope that reopening swill stabilize the economy but mostly its also the Federal Reserve pumping trillions of dollars into the system then all those a program several in the u. S. Government so thats Holding Things together for now but some economists and also analysts are warning that actually we might be seeing a 2nd wave of layoffs and no matter what hope it happens was the developer right of the coronavirus in the weeks to come because we lost your visually for just a moment but we heard everything to in new york thank you so much. And a brief look now at some other business stories making news. Scandinavian airlines is getting an aid package with some one and a half 1000000000. 00 of an agreement with its main shareholders the governments of sweden and denmark will contribute to the recapitalization plan which they carry a needs to secure its survival and at the fallout from public 1000. South africas economy continues to contract official data shows the economy shrank by 2 percent in the 1st quarter led by declines in mining and manufacturing the outlook remains gloomy and with the 910. 00 demick the treasurys forecasting a 7. 2 percent drop in g. D. P. This year. Canadas has filed for bankruptcy protection since march the pandemic has forced the world famous circus operator to cancel shows and lay off staff the Entertainment Group has already laid off 95 percent of its workforce but says it hopes to rehire the majority of those employees once lockdowns if it. Now whos to blame for the downfall of wildcards its now one week since the german fin take superstar announced that almost 2000000000 euros went missing from the companys books and best against us are looking into possible fraud and politicians wonder if oversight was too lax now regulators are debating how to strengthen controls to avoid similar cases when german frantic why a car filed for insolvency last week many outside the Financial Centers of the world shrugged their shoulders after all the company once a shooting star that made it right into germanys blue chip dax index was all but unknown to the consumers would likely not know whether or not they had any business with wire card but millions of customers of banking apps like her pocket or on a money phone the assets frozen and banking cards not working today many were advised to refrain from nonurgent money transfers so as not to overwhelm the fragile system meanwhile master card and visa half want clients that they could find themselves locked out of Payment Networks to. A scandal like this one must be a wake up call that we need more supervision and control of the Financial Markets than we have today we all this to the shareholders the employees of these companies and in particular to germany as a Financial Center and all of us as citizens. Among the institutions tast was supervising Financial Firms german regulator buff and as well as the European CentralBank According to reuters regulators fail to classify why our card is a Financial Holding and hold it to Higher Standards as for why a card score Business Experts stand by it im sure this is. In the end we should actually count of Companies Like why our card is a business with the future of this kind of payment technology. We know that our banks are past their peak and why a card looked like it had a golden future. However that promise only holds if tighter regulation ensures customers can trust that their payments are processed correctly. And as to the role of regulators the chair of the fin Tech Working Group at the European Parliament stresses yucca lunas told us earlier that others also failed in the y a cot scandal is what he said ordered as external audit is. Failing to apparently they were basing the findings on the internal audit so there were several rings probably about where failing what were talking about supervision and super was really has to be improved of course not only germany because germany would probably was the last country which would have the scandal but for all 3 European Union so there are there are lessons to be there are improvements to be made for sure. To the u. K. The country will speed up Infrastructure Spending in an effort to boost its flagging economy Prime MinisterBoris Johnson touted 5000000000. 00 pounds of investment most of it in already announced projects that will now be fast tracked johnson emphasized he would not caught public spending as prior conservative governments had the british economy shrank 2. 2 percent in the 1st quarter according to the latest figures. To paris now where europes biggest urban farm is starting to open up the business the timing is perfect given the pandemic lock downs and disruptions of supply chains have made locally produced fruit and vegetables even more desirable he said louise reports from paris. This rooftop in the south of paris will harm by europes biggest urban foam the aim is to bring about a new era of increased Sustainable Agriculture and the covert 1000. 00 crisis has even more made the case for such a model. Also. In our project incarnates what we in france call the world of tomorrow it stands for urban resilience new kind of city of more solidarity and proximity and local Food Networks of high quality. You know. The plants are attached to vertical pillars or held in horizontal contain as a 3rd of the farm is opening now with the whole project launching in 2022 half of the 400000 euros for the project were raised in a crowdfunding campaign. For me we are using so called hydroponics and our opponents methods they are based on a close circuits where water and nutrients are being channeled through the plants and that allows us to use 90 percent less water than in traditional agriculture but this expert says that even during spigots has its limits. And ever be able to feel it in the city we always also traditional agriculture and yet the developer say the urban farm has another function apart from just producing fruits and vegetables such as strawberries and sell it for sale parisians can rent 135. 00 little vegetable patches for 320. 00 euros a year. Many people in big cities dont have access to vegetable patches here at ben they can reconnect with earth and literally go back to the roots. For now the developers are only farming on french troops but success here could take the model beyond france. And before we leave the coronavirus hyundai makers dragged down Office Property values in new york city by 10 percent management of the 102 storey Empire State Building expects less than a 5th of workers to return soon most hostile working from home as dozens of companies try to figure out when and how to reopen their offices and the 90 year old symbol of americas economic might but in the mean time tourists will have more space to enjoy the magnificent views of the big apple from a top of the art deco skyscraper. And thats your Business Update here on u. W. From me and the team member thanks for watching. Africa. Back to the future when cinci thomas become wondering herdsman its because of an ecological revolution in Southern Africa abolishing fenced in greys anatomy cheap soil from becoming depleted im protects the habitats of wild animals. And ancient skill thats a contribution to a sustainable future. Cold africa. Next month. Covered 19 pandemic. Reorganize the economic system. Made in germany. In 60 minutes on t w. I think in everything challenging 1st and i became a muslim. So much different culture between here and there challenging for everything. In the service i think it was worth it for me to come to germany. To sharpen my got my license to work as a swimming instructor im sure now our 2 children underdogs just run faster just. Whats your story take part charity on info migrants dot net. Dot. Hello and welcome to a new edition of. In Lagos Nigeria on todays show well be putting the focus on farming including a look at how high tech is changing i would call child