Fans primes find us and. Because we love football. To golf on you tube. American airlines is planning to cut 19000 employees will the u. S. Government ride to the rescue a 2nd time or is the pandemic poised to cut the Airline Industry sized. German businesses are more optimistic about recovery fuelling new forecasts for a strong 3rd quarter. And mobile payments are a big deal cross africa. That is now poised to change. Also on the program will go to mexico to look at agenda changed its Business Model well drastically after a pandemic shutdown. Hello and welcome to the show im Stephen Beardsley in berlin its good to have you with Us American Airlines says it will cut or furlough without pay 19000 workers back to over 1st when Government Support runs out it would be the 1st airline in the u. S. To make such drastic cuts although others are in a similar position delta said monday it was preparing to furlough almost 2000 pilots and United Airlines has warned 36000 workers their jobs are at risk u. S. Government has provided 25000000000. 00 in funding to the airlines to keep employees through the end of september but the industry expects travel numbers to remain low for years ahead. And lets go now to our financial correspondent in new york yes korda yes 19000 jobs on the line here what does this tell us about the Airline Industry right now while the Airline Industry clearly is still struggling if you look what happens when you travel for example within the United States most states have every actually corinthian orders in place so meaning a lot of people are still shying away from a traveling far and then also if you look on the International Business there is still a travel ban in place for a lot of citizens from other countries so that also hurt some vet parts of the business and so if the u. S. Government does not provide more money after september its pretty likely that American Airlines will not be the only and last airline that will come out was mass layoffs yes whats the outlook on the u. S. Government extending that lifeline to the airlines. Well basically congress is more or less in summer recess and wont return before after labor day what is around september 6th or 7th so nothing is going to happen before that and then clearly we have elections coming up so we will see if it will be possible to find some sort of an agreement for more aid at least out of congress we just you know on tuesday got new figures for Consumer Confidence and that dropped much more than expected to a new pandemic in 0 and that might be because some unemployment 8. 00 to 600. 00 per week expired by the end of july and that can now should show in those weak numbers for Consumer Confidence and just might be an extra reminder that more stimulus more money more 8. 00 will be needed to keep consumers going and shopping all right perhaps an extra push there for congress as it returns in scored their 1st in new york thank you very much over to europe now is the german economic recovery speeding up a good sign german businesses are more optimistic that at least according to a new survey by the munich based Info Institute for Economic Research survey out offers rather a positive outlook for europes largest economy which suffered a record 9. 7 percent contraction in the 2nd quarter as private consumption investment and exports all collapse at the height of the coven 1000 pandemic. Are you for instance who president clintons 1st told us that the biggest threats of that the biggest threat to Business Confidence rather would be another nation wide lockdown as long as we can respond to outbreaks to regional aus brought out breaks with the regional measures i think we are ok what we need what we should try to avoid is a general lockdown that would have severe consequences it would also have an impact on the general mood of consumers and trust of investors so that would be a really bad if that happened the recession would be much worse than we think it it has to be now or it over to africa now mobile money is big across the continents but not in ethiopia where regulations are prohibitive and cash remains king thats changing slowly with new legislation and new hygiene fears due to the pandemic. Paying with cash is now almost old school in g. G. Got out of the capital of ethiopia Somali Region in recent months the use of mobile money has boomed in the area in this cafe about half the customers pay with their phones you only see your money see you dont have to take an exam at all when youre you know pocket in term of court and that its just like you know they do use so we can you know floyd the deal if you can. Get money which was you know take it by someone else in g. G. Go mobile money is even used to purchase the famous and widely consumed cuts leaves. This micro finance institution set up mobile money operations here about 6 months ago and now has 200000 customers according to the c. E. O. The Somali Region offers a many advantages links to the exposure from neighboring somalia where mobile money is already widely used to put it in this region and thats because of the customers who. This is really easy time to move to knowledge is simplicity almost so thats why this region has particular particular look to many competitors. During the covered 19 pandemic the government introduced incentives to encourage citizens to increase their use of Digital Payments in addition it also changed some restrictive laws in recent months the previous regulation was more or less focused. On the Financial Sector so the new problem gives technologists obvious providers like ourselves to have electronic payment. License it gave us more flexibility in terms of quoting Customer Service and merchants and running. Really gave us a lot of room for growing and expansion but most mobile Money Services require Internet Connection which is a major challenge in ethiopia where the network is still very unreliable. This took took dr a still ask his customers to pay cash as if they know not what it was sometimes the network is saturated or absent for several days in a row for me its better to receive cash and leave than to wait for the money to be sent slowly through the phone and thereby waste time countrywide Customer Behavior also represents a significant challenge even in the countrys capital addis ababa meanwhile in rural areas mobile money has yet to thrive little access to banks and local activity make it difficult to promote Digital Payments but with 80 percent of ethiopians still living outside cities the market potential could be huge in remote areas. And now to some of the other Global Business stories making news. Energy giant exxon mobile is the drop out of the Dow Jones Industrial average after 100 years in the index its one of 3 companies leaving the dow theyll be replaced by 2 Tech Companies cells force dot com an amgen and buildings and appliances conglomerate Honeywell International at the end of this week. Facebook says its planning a legal challenge against the Thai Government the social network says it was compelled by the thai authorities to block access to a group discussing the countrys king royalist marketplace has over a 1000000 members in Thai Government claims some of its content is defamatory. The un says the coronavirus has devastated Global Tourism with 270000000000. 00 euros loss of revenues in the 1st 5 months of this year the slump is threatening more than 120000000. 00 jobs u. N. Says tourism is one of the largest sectors in the Global Economy accounting for 7 percent of global trade last year. Global fast food chain k. F. C. Is setting aside its finger licking good slogan for the time being due to the corona virus coronavirus hygiene requirements however social media users have pointed out that the change is meaningless since consumers already eat the products with their fingers. Are right for almost half a year now weve been reporting on the novel ways in which businesses are adapting to the coronavirus pandemic and this time were off to mexico or a group of jim trainers have set aside their focus on top fitness to focus on business survival its usually a place of such energy but this fitness club could barely be more quiet its one of the many mexican gyms forced to close because of the coronavirus pandemic hit staff like its machines were left idled. That was until they began burning fat of a different kind. Welcome to mexico citys newest tacky takeaway. And pointers if you go to revere due to the closure of jim facilities we had to think about how to move forward with a look for a way to earn income for them or been living a little its been pointed out that converting a gym to attack or rear is not the obvious choice these are not exactly Healthy Foods are they. Worth to 5 all over is it really funny thing actually there are already a meal is out there saying that weve become exactly what we set out to destroy. Them or theres 3 of. Its also been a big leap for the gym staff whove gone from sculpting 6 packs one week to preparing meat snacks the next. Couple and there are still the fit in that would be very different for me because i havent cooked like this my whole life now im learning and. Itll be a while until they can return to their usual vocation in the gym but in the mean time at least they may be generating some new potential clients. That is a gem i would gladly join me in the Business Team here in berlin to check us out online at www dot com slash business as well as on facebook and twitter im susan as always its watching. Optimizing city that minimizes emissions separates waste and in the best case most cycles and. Can these visions become reality. They are. The city the living space of the future with room for everyone. The results of. The 60 minutes. Thing is everything challenging 1st im a muslim. Saw much different culture between here and there saw challenging for everything i am. Childlessness think it was worth it for me to come to germany. Months ago my. Larsons to work as a swimming instructor im sure now our 2 children on her terms describe the toughest. Whats your story take heart sharon on info migrants dot net. Playmate is for me. Is for a new. Term for. Beethoven is trying to. Be told it is for play. Beethoven 202250th anniversary year long do you know. This is the deadly news that broke out on the program so dave the deadlock in maadi west african envoys have left the country they were unable to Reach Agreement with military leaders on how to return to civilian rule often last weeks coup so what happens next. In south africa bees invasive fish with threatening biodiversity now theyre providing a life lived to people struggling to put food on the table
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