The i talked to a medical expert. Watch them at work. And they discuss what you can do to improve your health. Stay tuned and lets all try to stay. On. 5 years 3200000000 euros in defrauded funds those are the allegations behind 3 new arrests of top executives at former blue chip wire cart with prosecutors describing a long running and lucrative scheme to defraud investors. Also Shopping Centers were struggling before the pandemic now there on the night said a visit one of berlins biggest falls. Well and welcome to the show im Stephen Beardsley in berlin its good to have you with. German prosecutors have arrested 2 former Board Members of wire card and rearrested c. E. O. Marcus browne as part of their Fraud Investigation into the former blue chip prosecutors say the beginning in 2015 all 3 were in on a scheme to inflate the companys Balance Sheet by faking invoices wire cards cleared insolvency last month after revealing a nearly 2000000000 euro hole in its Balance Sheet scandal has put the German Government on the defensive when they announced those no rest prosecutors in munich alleged the fraud began at the very top of the company. Pardon me were also asking ourselves how a system like this could have been a stop list. And i dont have one at the moment we only have an impression from interviews with witnesses who reported a strict hierarchical system marked by loyalty and pledges of allegiance to the c. E. O. And heres what our financial correspondent Chelsea Delaney had to say about the arrests. Well prosecutors here in germany have taken a big step forward and theyre and destination out wire cart with these arrests today there are still a lot of outstanding questions one of which is where is that chief operating officer again my salic he was really seen as the mastermind behind the fraud scheme which prosecutors say involved creating these big networks of overseas that city areas and partnerships where was reporting most of its revenue from it turns out prosecutors say that most of that revenue wasnt real marsala fled the country last month after the report came out that is really seen as a crucial source of information about the the fraud at the company. Over to the u. S. Now where tesla has exceeded analyst expectations by posting a net profit of 104000000. 00 in the 2nd quarter the american car maker delivered more vehicles than expected despite disruptions caused by caused by the corona virus pandemic revenue fell slightly from a year earlier to just over 6000000000. 00 the solid results are a major step forward into the companys include into the companys inclusion rather in the s. And p. 500 tesla sticking to its target of more than half a 1000000 vehicle deliveries this year and lets go to our financial correspondent yens quarter in new york. For 3 quarters how did tesla manage to peak profit out of what for many businesses has been a terrible terrible 2nd quarter. Yeah and tesla beats estimates on wall street by a white margin make sure the consensus was that tesla would report a slight loss obviously thought did not happen tesla even managed to overcome effect are we closer in california but tesla really and you and musk the head of tesla really pushed employees hard and also regulators to reopen that plant what also didnt help were text credits and then on top of the earlier reopening of the plant in china the 1st plant that tesla has outside of the United States so all of that detail so that tesla actually managed to have this profit they as we mentioned that this is a hurdle to getting into the s. And p. 500 or rather that by gaining the profit theyve theyve come closer to getting as the s. And p. 500 what does that mean for the company exactly. Well basically what that means is that this is a requirement if you want to be added to the s. And p. 500. 00 in the index you have to report 4 consecutive quarters that was profits and now tesla has achieved that for the 1st time in the 17 year old tim history of tesla and if test should get included into the s. And p. 500. 00 at some point in the next couple of months that would mean that all the managers of the index funds who are betting on the s. And p. 500 they have to buy the a tesla stock if they like to or not and wall street actually was betting and bet and that is one reason why the stock is on fire for the pasta a couple of months actually since the beginning of the year at the tesla stock has already almost to quit drew pulled the company is worse now almost im 300000000000. 00 if im not mistaken was that its almost the 10s most valuable company in the s. And p. 500. 00 once they should get access to this exclusive club and in the 1st after our reaction the stock popped up by another 67 percent all right you must get an incredible run there in scored in new york thank you lets take a look now some of the other Global Business stories making headlines. The u. S. Government will pay nearly 2000000000. 00 to buy 100000000. 00 doses of a covert 1000. 00 vaccine being developed by pfizer and German Company biotech pfizer spokesperson said the firms will only receive the money if their vaccine is deemed safe and effective the deal allows the government to acquire an additional 500000000. 00 doses. French authorities have told Telecom Operators planning to buy way 5 g. Equipment that they wont be able to renew licenses for the gear once expires france is currently laying the ground for for its next generation 5 g. Network the decision is likely to face huawei out of mobile networks by 2028. Retailers around the world are facing a double whammy due to the pandemic shoppers are staying away from their stores and many are shifting to online purchasing speeding up a trend that was already concerning especially vulnerable are Shopping Centers. Reports from one of berlins main shopping malls shoppers have been back in malls like this one for weeks but not quite as willing to spend as before the German Retail Federation says around 50000 businesses nationwide are fighting for survival and in malls the feats of stores are actually linked to one another. So heres the proposition for business mall probably hadnt of this one that attracts a lot of foot traffic now Smaller Stores that depend on the traffic that anchor stores attract it means that shoppers might be able to find them too so i think our stores thought that means the Smaller Stores as well. This t. Store used to allow customers to come in and test the different teas and offer something you cant really do as an Online Shopper but thats unthinkable in coronavirus times the Stores Manager says they were glad to reopen but things arent exactly back to normal. Which is going to. Have to say honestly this isnt how we know the store. There arent as many people here as we hoped tourists are also very important for our business but theyve also been staying away. From i hoping that customers will soon start saying wow i can actually go to the store again and try everything out and shop in person thats in the eye of being there in person thats what defines mall culture but you can make an experience out of it meaning more restaurants more opportunities to compare products side by side more activities its just that not all malls are good at selling lifestyles even before the crisis. Is a consultant for shopping malls but im indoors. Leave it to you to specially in germany lots of small space renters come from the mid price segment and are often all the same voice out what if the Consumers Want new things they want more experiences they want better quality and sustainable collections. I just recently thats a challenge for shopping malls and the crisis is a reason to change its way all the innovation they are ready needed earlier it now has to happen at a faster pace. Easier said than done for now reminders were in a special time abound here surviving the difficult present and then swiftly transforming into a future proof Business Model sounds close to impossible but as many sectors are coming to know during the pandemic they either have to change or risk disappearing altogether. And you know do malone now joins me in the studio you know good to see you convince me that this pandemic is not the end of malls as we know them well the Business Model is certainly in trouble ive seen statistics that say for example in the u. S. About a 4th of malls are set to go under by 2022 were also living in a time where retailers are having their rent slashed and many of them are unable to pay any kind of rent at all so basically this whole concept of stuffing as many shoppers in stores under 1. 00 roof thats probably over but what malls can do to survive is adopt a very quickly so that means more outdoor cinemas more outdoor restaurants Better Digital Services and perhaps converting some of that space to residential or office face so thats something that they can do to survive but obviously if they dont do that well theyre facing a bleak future or no if you try at all of course we know that when we look at brick and Mortar Stores in general not just in malls beyond covert theres also the problem of the Digital Online world amazon is of course growing stronger through this pandemic if youre one of these stores and you have a physical presence what is your strategy to overcome not just covert but amazon i mean thats really hard and your only real big hope is to offer things that amazon cannot say like really Excellent Customer Service so really you want your stores to be staffed with Product Experts who may have to end up giving away more freebies are more sound pulls but at the end of the day we may be looking at a more fundamental shift in Business Model so theres this aphorism right so either you sell something that nobody else has or you do it in a way that nobody else thought so thats obviously gone a lot more difficult to do in the course of this pandemic but all the more essential origen eligible and taking a closer look at malls for us with the business thank you very much. And thats it for me and the Business Team you can find out more about these and other stories online at u. W. Dot com slash business to check us out on facebook and twitter stephen theres a place watching. The food. Ok your distance. The coronavirus has changed almost everything. How we live. How we spend our free time colleagues travel. How our Company Cover kaisers and Creative Industries reacting to social distancing. Come to the for. Drugs weapons human trafficking. Near naples or the nigerian mafia in the riots. How did it comes to this who was behind it holding. The meeting inside to see how business in some relief. On. The 60 minutes. This is some dope story about a stubborn rice farmer from thailand. His problem is. His credo no chemical. Step. Out. The students. Training successful. To me starts july 27th. T. W. It was weird at 1st sitting in the park walking down the road switching sides to avoid people awkward scenes at supermarkets like a computer game one step forward one step back but who would have thought social distancing will go so far as affecting what we see on our t. V. Screens