Results of bad well crunch the numbers also coming up well talk to an expert about the challenges of financing a corona vaccine for the entire planet and and few offices of spooky sign of the pandemic but could it become the norm Companies Make big savings and we get to work from home. Ive been physical and lets see business British Oil Major be paid last 16800000000. 00 in the 2nd quarter as the coronavirus crushed demand for crude its the worst Quarterly Report for b. P. Since that Deepwater Horizon Oil spill a decade ago prices for crude have tumbled by a 3rd these year b. P. Says the prospects for a quick recovery are uncertain the collapse comes as big oil faces existential questions of a Climate Change in response to invest the pressure of b. P. Has announced a new green strategy to ramp up its investment in renewable energy. Oil prices havent been this low in a long time a Coronavirus Crisis so factories close around the world travel was bad and Global Demand naturally plummet petroleum is no longer a direct pipeline to profit Global Demand for oil and gas has dropped the pandemic has put entire economies on hold and edgy consumption is down and so is the price of oil that price was already low in january just davis 60. 00 a barrel to read the pandemic a lack of demand pushed it down further the oversupply even briefly led to sellers paying to get rid of their oil future is now the price has recovered somewhat though it remains low Oil Companies were overproducing even before the pandemic and the gloss on the market is a further problem because Storage Capacity is limited analysts say that Oil Producers will have to adapt to much lower demand worldwide at least until the end of next year some say for considerably no longer than that argentina struck a deal with creditors to restructure of a 65000000000. 00 in foreign debt the government clinching the deal with creditors after months of negotiations the Economy Ministry says it will give the country significant relief from its debt under the deal investors will swap bonds that argentina defaulted on for a new securities at a steep discount he had to fall to the 9th time in may as the pandemic deepened to the recession. By a has reported a multibillion euro loss for the 2nd quarter the german firm blames the exceptional impact of a u. S. Settlement of thousands of claims that its like to save wheat kill it causes cancer. More than 50000 people assuming by air based on allegations that its herbicide to round up is carcinogenic at the end of june by agreed to settlements with the majority of them together with possible future cases these are sent to cost the company billions hampering its 2nd quarter balance sheets. Just a year ago by a reported profits of 404000000 euros now its announced substantial losses to the tune of 9500000000 euros. Even the companys routine business has been unable to offer a lifeline its Pharmaceuticals Division has taken a hit during the pandemic many nonessential medical procedures have been delayed resulting in a drop in demand for bias products. And although the companys Agriculture Division has managed to keep expanding bio says it cant afford to make any big leaps this year due to the pandemic bias says it expects to see revenue climb by just one percent in 2020 lets go over to our financial correspondent and carette was uncovered whats hurting the company most of the pandemic this week kilo or its costly takeover. You know. This. Litigation is really making the takeover off monsanto by buyer it which happened 2 years ago more and more costly and theres no end inside those settlements that the buyer has struck in the United States are only preliminary also the guilty verdict which states that round up all life for say this week killer is causing cancer has not been lifted so its unclear how long this fight will go how long buyer will have to deal with this litigation industry in the United States and how costly this will be in the end this is really what investors would really like to see solved its not very short story thank you. Millions of people from the philippines to australia have found themselves back under lockdown the number of coronavirus cases continues to soar globally the australian state of victoria has announced the night curfew and other restrictions on movement as it struggles to contain new outbreaks of 27000000 people in the philippine capital of manila and the by provinces are going back into lockdown the government had eased restrictions in june but the virus has since resurged with daily infections setting new records. And of course a vaccine would solve everything but finding one is the biggest challenge along with financing it for every one company in a shoot is german head of the Welcome Trust a politically and financially independent foundation how should the world go about financing a vaccine that theoretically everyones going to want all of the same time. Good afternoon men well i think we need to remind ourselves of the ultimate goal which is not just to have that to ensure that Everyone Needs that most have access to it and in order to do their public and private financing to come together so we need states to contribute and obviously we need to companies to invest only then we can ensure that its affordable and its available globally if everyone does really want this and if a vaccine is for surely it would be a money spinner what why then is is so much financial involvement from so many different sicked is necessary well as i mentioned i think if everyone wanted it these will be huge shows it just huge points that end and then we need it or what we need to ensure that thats possible is number one ideally more than one vaccine and to manufacturing pasties all of the work and distribution chains are these are really costly to get there and thats why we need a large amount of money from various partners and what about the approval process thats always a tricky one how how can that be sped up well actually cranley already east. Because we learn from previous epidemics like people are so processes have tracked before and they have already been fast tracked for any product in development where the current 99 ik and pass the review process its a nice quick assented i think it. And it was a means in addition to this process ease that we had Previous Research that has been that helps us to be Faster Research for example. Merits and other him to do. So whats next once once a vaccine found its approved quickly as quick as we can how does everyone no matter where they are get access. So as i said before that is the key goal that we need to work towards to nobody is safe in this and i think everyone is safe and one of the most important stakeholders in this is the world how to say and its critical that every government in the world continue to support its organizations the other ones who have the expertise and have people we have already from plans to ensure that people know who meet the specs in the most and where to find the want to help in station providing sufficient funding and ensuring that everything works hand in hand to manufacture and distribute vaccines is the most important piece ok fingers crossed konvalina is german head of the Welcome Trust thank you very much for being on the show today and here. China has bought only a sliver of the Energy Products theyve promised to under a trade deal with the u. S. In the 1st half of the year china imported just under 1300000000. 00 worth of crude oil coal and other Energy Products from the United States beijing had pledged 25300000000. 00 in purchases under a january trade truce with washington is would further strain relations between the worlds top 2 economies. Will Companies Keep using offices post kuroda a lot of workers have been loving home office me included managements have had to let go especially the control freaks but if the job gets done why not the savings the bosses are encouraging. James brincat is one of the few people working in this palatial building his Company Vantage point consults for the Financial Sector and an office here is a status symbol but since the pandemic offices in Conference Rooms are less important to him he says in future hell just rent space when needed. This is an expense for a small medium sized business so it was an expense we are all encouraged if we didnt have to. And by saving that expense he can clock up 15 percent more profit at the end of each month by going office free its a completely new model and it may be a permanent one. Some people are even calling it a revolution triggered by the necessities of the pandemic if it takes root it could make at least the open floor office in london superfluous yet commercial construction is still going on all over the british capital. The change is a problem for commercial property agents in londons tallest building the shard li elliots Real Estate Company is hoping to rent out offices. This stylish workplace costs 15000. 00 euros a month elliot believes hell find tenants for it. I dont think its a crisis i think theres a correction in the market a slight reduction in the amount of space required but the key point is walk but space is useful its no longer going to be about rows or upon row of best people processing email because we know we know we can do that i am affected so actually its about using the office space to bring people together to collaborate to educate them whether thats formally or informally but in a poll carried out by the London Chamber of commerce and industry in may 9 percent of businesses said theyve closed their physical premises for good change is exciting and it gives people more opportunity to have a better Work Life Balance weve been talking about that long enough that we still have people coming in and our on the cheap goods at the center of the body not oclock in the evening. Leaving at 5 oclock with the all the hall 1000000 people who come in and out of the square law thats not Work Life Balance this is giving us an opportunity of really addressing the i think its tremendous the very value of office space is being called into question its a sign of big changes afoot in londons working world. And tremendous doing business with. Combating the corona pandemic. Where does research stand. What are scientists learning. Background information and. Our corona up to. 19 special next on d w. What secrets lie behind. Discover new adventures in 360 degree. And explore fascinating World Heritage sites. World heritage 360 get the map now. Im able to talk about the 2nd season only. Its the back environment its still about society its still about a Little Planet on the brink but leave us a message. Just a couple of cents. Like. Oh. My gorgeous love was good for the russian soul. The stakes. In so many different walks of life. Some are. Oddly tried but almost come straight from the heart gets to see you before theres no more delusion the march will enjoy. The summer months of the last to their final resting place the russian d. W. Documentary. In the time of coronavirus how do you keep romance alive in a pandemic sometimes loved ones find themselves stuck away from one another and many dont know when this painful forced separation will end many others have taken the crisis as a catalyst for commitment seizing the moment to say yes enter mass weddings like in the philippines with masks and social distancing. Some happy couples live stream their big day for found