A kind demick how a tiny virus plants down on the waiting business. But come to do business i want to. Be with us german Food Delivery Company delivery hero is the new kid all the blue chip dax index a startup has replaced the unsold and why it caught on the german stock index was an accounting scandal top of the fin takes a delivery hero expects revenues this year to double to nearly 3000000000 euros time to take a closer look at them. In its pacey opera ties in delivery heroes the free spirits shaking up the old guard its a message that resonates worldwide the Food Delivery Company was founded in berlin 9 years ago and has since established itself in 40 countries including the u. S. And south korea and its ongoing more groet. So you go home and you tell in 2018 the company sold its german army remains headquartered in berlin the coronavirus pandemic has been good for business in june and delivered over 100000000 orders. Growth in asia has helped the Company Reach a valuation of 20000000000 euros. It was listed 3 years ago and is now replacing disgraced company wire cards into german blue chip stocks index. Number less delivery heros losses remain high but. It could be some time before to levers a profit symbol all right so deliver hero joins germanys dax certainly a big day for the companys chief Financial Officer in manila thomasin who joins us now good to have you with us congratulations on being part of the dax now but i have to start with something maybe not. So nice despite its gross delivery hero has failed so far to make a profit when will that change wall fell is not clear turf because we are profitable even already for the last 2 years so we continue to increase the growth and we talk to are we in for more investors clearly that their main strategy today are objectives its not growth were growing steamy fast urban you know we doubling the company within a year and thats the key focus today so the investors know for that this is a key focus today and growth we continue to be to be the Main Objective of the company for the next year or so right and eventually theyll also be profit to reports that why are you actually listed on germanys dax given the delivery hero doesnt actually do any business in germany why does france it. That wars are very conscious decisions i mean we are you know oddly origin of the companys germany we are European Company based in building and it was very important for us to be listed in germany we could have gone for it to other places like london new york whatsoever but we felt you know thats a very good place to be we are proud of our regions even if we are acting internationally but germany was the place to be to be oks are you loyal to your home to germany but when you look at your Business Expansion plans that you mentioned at the beginning do you feel that the dacs enough traction for investors in that respect. I do believe that you know the tax or the investors in our company understand completely the Business Model and syntax is very attractive i think these are very good i think this is a very good step for for Tech Companies in general in europe and especially in germany and we hope to be followed by a lot of Tech Companies in the future and to prove that theyre actually the right place to be for for Tech Companies and to have at some point giants like what you see in u. S. And in china of course you replace delivery here replaces another german take a company that went bust why a cottage was recently kicked out from the dax whats it feel like to basically replace that company now. Are quite frankly its a little bit like theyre strange because you get a lot of for people comparing both companies but we saw a difference we we dont see any any kind of comparisons between both we are a different Business Model we are different industry we started compliancy you know compliance departments back to 216 already in january so we take compliance extremely seriously you know so i think the only thing we have in common is where a German Company because in germany in august index all right you mention compliance lets expand to that and talk about Corporate Governance because the Delivery Services business of course is highly competitive and big competitors big players like amazon they certainly regularly come under fire for lets call it exploiting their workforce delivery hero has also been criticized here and their well being on the docks increase pressure to to improve the situation whats whats your take on that i think in terms of compliance to become listed theres no discount for start ups or big economies so you know we have to fulfill the several crime and start another company i mean you dont have any discount because your start up whatsoever and in terms of compliance concerning the writers because publicly what you want to talk about we take this very seriously and there are you know every single countries are different kind of the richest nations but today we have more than 805 writers in the world and we have to be compliant never seen a country and these writers are the face to the customer so they are extremely important to us and we take care of them and when you look at their survey a survey that were driving internally that satisfaction level of all right is excessively high all right and last question with one minutes ago that pandemic has been a main driver of growth i hope that your Business Plans wont have to rely on a continuation of this Global Health crisis do have an alternative a plan b. Well basically yes youre right i mean the overall degree industry benefits from the corporate 19 as people are then you can be happy and start to discover the services but without coby to be more than 100 percent because you know me and i was affected by coping with other restrictions and corp your so i dont think that you know they were the group is leading to or to be 19 but much more a change in the culture of the people than the way the order where i demanded to see Financial Officer of delivery here at the Company Joining germanys dax today thank you so much for your time thank you very much for the invitation have a good one. On over to donald trump now who has raised the possibility of as he put it decoupling the u. S. Economy from china the president s comments on fox news comment as a time of extremely poor relations between the 2 countries little progress has been made since a preliminary trade deal was struck at the start of the year and tensions have intensified in recent weeks of the mr trumps plans to ban the chinese video platform ticktock and messaging app we chant. All right quickly i would toss financial correspondent Chelsea Delaney in frankfurt chelsea is it actually possible for the United States and china to go their separate ways well the u. S. And china certainly cant just snap their fingers and im tangle what is a trading relationship thats worth hundreds of billions of dollars there are millions of jobs that depend on us china trade china owns about a trillion dollars and in u. S. Government bonds so there is a very entangled relationship you cant just get rid of it in a single day but we have seen u. S. Companies in particular start to move parts of their supply chain out of china they do want to be less dependent on china but a lot of a lot of companies are quite hesitant to make these very long Term Investments before the u. S. Election because things could change after november if president i dont trump is voted out of office Chelsea Delaney of france that thank you so much. And now to some of the other Global Business stories making news. The enemys technology for the n. T. Is suing tech talk the popular short form video absinthe it does not have adequate licenses for the songs being used in its videos the end she says the chinese owned Companies Using audio tracks owned by using a subsidiary without the companys consent. You entrepreneurs in germany have been badly affected by the coronavirus can damage the number of firms found it fell 9. 4 percent in the 1st half of the year according to Government Data small start ups will worst affected there were over 21 percent fewer new small firms in the 1st 6 months coronavirus restrictions has drastically affected the number of weddings taking place around the world many couples have had to postpone their big days because of limits on how many guests they can have the effect has also been profound for those who make their living off people tying the knot including in china socalled wedding gowns city. The day has finally arrived a way jar when in a few hours shell begin her new life with her new husband coronavirus already delayed their wedding in shanghai by 6 months and still wont be the day they dreamed of. When we had this thing and i think that in ca we are worried about the health of our guests and many of when johns classmates are in beijing they wont be able to come its a pity you. And your wedding ceremony means less to me because so many of my friends cant make it. Delayed weddings are one of the reasons why dresses are having to be stuffed on to the rails in chinas bridal gown capital pursued joe. Brides to be normally come here in their thousands but restrictions in recent months have meant many dresses going unsold wholesaler to one says sales are down as much as 90 percent. That feed him back has had a huge effect. Weve basically had no clients coming in since the epidemic began because everyone has been closed in this country weve been staying in touch with our clients online for most of them have closed down. With us this have it all. Pursued chose garment makers to the period has been a disaster the city is one of the worlds biggest exporters of handstitched dresses but a truly Global Pandemic has turned that strength into a weakness. Now there are much fewer overseas orders not even 10 percent of the epidemic abroad can get under control and allow Wedding Dress studios to reopen that will help drive consumption again. Happy couple wage are when pan when are among the 1st to take advantage of chinas loosened restrictions on weddings the day may not be exactly as they hoped for least they can see out the rest of the coronavirus pandemic together. Well thats something before we go a group of top managers of mining conglomerate rio tinto has been stripped of annual bonuses worth millions of dollars over the destruction off an aboriginal cultural site in Western Australia a site which had evidence of 46000 years of continuous human habitation was blown up in may this year to expand a rio tinto ore mine. That is all for me and the Business Team here in berlin if you want more from us than to check out our website. And were also on facebook and twitter thanks for joining us take a. What secrets lie behind. Discover new adventures in 360 to. Explore fascinating World Heritage sites a. World heritage 360 get the apps now. To go beyond. That. As we take on the world. The stories that matter to you. Never get to. The bulk of. This week on world stories. Record heat in siberia. Risky raids in berlin. But we begin in sicily the coronavirus pandemic is worsening the already desperate situation for refugees italian right wing nationalists are stirring up sentiment against them by saying theyre allegedly carriers of the virus the coronavirus pandemic has made life even more challenging for some of the most of Vulnerable People here in the south the sicily well its just there is no justice for migrants no justice each month should pay bills how can i possibly do this and that is that this man from somalia tells us he is stuck here without work or a place to sleep authorities at the Migration Center promised to return his passport last december but he still has received any papers people who showed up for their appointments this morning tell us the pandemic has delayed processes here not having the necessary paperwork can affect their legal status in the country and ability to work life underneath a bridge is the only option for some of those lacking their paperwork 8 people have been sleeping in this wall that camp for the past 25 days one of them tells us with no money or support they are holding out until their cases can be heard incidents like this have managed to steer a Public Opinion against migrants and refugees a few dozen new arrivals escaped from an overcrowded currency for so