Platforms. Were only in this studio and together. Were making sure you stay safe, everybody. Stay safe, stay safe, increase in streets safe. Another cold with vaccine, a hopeful u. S. Pharma company, modernity. Jab, scholz, 95 percent africas ian trials. That as germany is pondering, even stricter measures to rein in the pandemic. Also coming as development, i think over 19 vaccine makes progress plans to distribute it around the globe are also on the way and once a price tag for the remains of a troubled company, spain, sometime there picks up wire cards, cord, European Business for a 100000000 euros im chris cuomo in berlin. Welcome to the program, and then there were 2 of us former firm, and ernest says trials of its corona virus vaccine candidate show it is 95 percent effective as the 2nd company to announce successful trials after fires there. And by on tag last week, it will still take time for the actual vaccine to be certified. But already there is the question. Will there be enough to go around . Well, biotech and pfizer and madonna are hoping to distribute a 1000000000 or more doses during the next year. Huge numbers when you compared to the likes of germanys cure back. Shes aiming to produce up to 400000000 doses of its candidate in 2021 and prices. Well, the very massively u. K. Based astra zeneca is planning to charge the e. U. Perhaps as little as 3. 00 of those johnson and johnson is a bit more expensive. But the 2 front runners biotech, pfizer and madonna, are expected to charge significantly more because theres are more expensive to produce your back is yet to say how much its candid, it will costs. So prospects of a working vaccine appear to be promising. But where do we go from here . Lets bring in cause and just keys. The chief economist for germany, austria bank. Welcome to the program, carson to hopeful kind of net candidates, which still lack certification though. Experts said and vaccine by the end of the year would be essential in order to go forward and not see more economic damage. But thats a close call. Were in the middle of november. Were getting closer to agree with these experts, but thats also what we have in our base Case Scenario suit. Our base Case Scenarios see says this soft patch specially in europe a contradiction in the 4th quarter, some steadily zation in the 1st quarter of next year. But everything is based really on this vixie and on this big sea being rolled out in the course of the 1st half of next year. If this doesnt happen, then were in a completely different play. Then we would not talk about a recovery of 2021, but really a long lasting signal. All right, lets try to stay positive here. I mean, even if the vaccine is there, itll take time to distribute it will obviously take time to vaccinate all the people. How much of a challenge is this interim phase interim phase, which were in this interim phase already. And yet we see that this is a challenge. Just see what the German Government was discussing. Name the possible making. The lockdown measures even stricter. We just last weekend. We had austria going for a strict a lockout. Now in europe we even have sweden go Interest Rate to lock down. So you know, that is, this is typical say off i think will 1st have to get worse before they get better. I think this is very typical for this interim phase in which were in right now. A very tough winter. And then with that, with the Silver Lining off of exceeding in the 1st half off next year. We would also have the prospects for people to really hang in there and then get this is the recovery. But currently, the really the short term outlook is clearly not very positive for the German Government has said so far tighter restrictions in order to rein in the bend that make are likely to slow the recovery. But not stall it. Do you agree . Loans, highly, to be honest, we saw that the service sector. I had already been slowing down towards the end of the 3rd quarter. So we entered the 4th quarter now with an enormous hit from the 1st more social distancing met. Now since the beginning off november, really in new lock down, so the domestic part of the economy Consumption Services will be in contraction. So the only wild card is manufacturing and exports, which have been benefiting a lot from this strong rebound in the chinese economy. Its hard to tell whether this rebound will be sufficient to the void a contraction in the 4th quarter. I personally, when i look at the data so far, i think its yes, it is a close call. But our call is that we will see a contraction of the German Economy and mild contraction. Nothing compared to what we saw in springtime, but it is a mild contraction in the 4th quarter. Just thank you for your thoughts this morning. So the development of a covert 19 vaccine seems to be making hopeful progress and to distribute it are also in a way just its a fish. Lets call it the mission of a century. We want to see what it looks like at the cargo hob, at frances biggest airports, although this is where the global airlift begins at frances largest air freight hub of washed feet. Separation for transporting a kobe 1000. 00 vaccine are in full swing. Hundreds of thousands of doses have to be stored at very low temperatures, then shipped from here to destinations around the world. Its a Herculean Task for from hong kong in charge of the airports pharmaceutical freight section. One of the temperature inside his mind is 52 degrees celsius, minus 80 is possible, but not easy to see. Miss if is a hind. The scenes, airlines are also gearing up for the global airlift. Thousands of planes and workers will be needed for the operation. Its important to keep things running as smoothly as possible. And then we check each step for deliveries are in the right place at the right time. Once a consignment gets the green light, it has to happen quickly. The vaccine must be kept deeply frozen in a complex logistics system. Even as we know, it will be a lot of traffic arriving at a coffee because its the major cargo airport in france and europe. But the planes will also have to land and other Regional Airports close to where patient delivery is needed. Because its like hes pushing the vaccine still not ready for markets, but test runs are under way for what the Aviation Industry calls the mission of the century. Spanish banking giant sometime there is buying wire cards, core European Business, 400000000 euros. A spanish Bank Acquires the Technology Platform of the Payment Service provider in europe. 500 employees will join some time there in june or filed for bankruptcy after admitting that billions of euros were missing. From the companys balance. Yes, it is regarded as one of the biggest financial scandals in german history, for more than the frankfurt in our financial correspondent, john c. , the lady chelsea tell us what exactly is sometimes theyre buying here and why there are 2 major assets in the sale. The 1st is wire cards, technology that allowed it to process payments. So why are card sort of acted as the middleman between a buyer and a seller. So if youre in a store and you buy something, why are cards . Technology is what gets that payment from the customer to the, to the seller. So it, thats a part of it in the other part is the business of issuing credit cards, prepaid cards, debit cards throughout europe. Now stanton has been very vocal about how it does want to be a bigger payments processor. Its been building up a subsidiary. And actually yesterday, it announced that it could be spinning off that subsidiary into its own separate companies. So theyre definitely trying to make a name for themselves and payment processing, and this is a part of their european expansion. So theres this whole wire occur saga of billions missing and all the ramifications is that over now . I dont think so. I think sort of in the vein of enron or diesel gate. This is a scandal that will really be with us for many years and part there are still some, some procedural hurdles to winding down the actual business. But theres still also many criminal investigations. Theres a parliamentary inquiry into this scandal, theres the missing c. F. O. Young marsala, who was seen as the middleman or the mastermind behind this scandal. So i think well be hearing about this for many more years. And then in frankfurt, thank you. Its to bali now and the indonesian island relies heavily on tourism, but since april that island has been closed to any foreign visitor. Now a covert 19 vaccine would provide a lifeline for islanders and the Tourism Business alone, surfer at one of these paradise beaches. There are only a few visitors on the island right now. Indonesia closed its borders to Foreign Tourists in april and its not clear when the government will reopen them. But news of a possible vaccine has bowtell manager mark said, hoping the sector could be on the way back. Yeah. But they said, yes, of course the Pfizer Vaccine has gone through various stages of tests and trials. So im sure that with this announcement, im very confident that the pfizer product can be trusted. There. I thought it came out. We thought an efficient vaccine could pave the way for the indonesian government to allow Foreign Tourists into the country. Again, something souvenir shop owners are waiting for desperately my opinion, i hope that the vaccine findings are correct. We hope the tourism in bali will quickly return to normal as before and are commie will continue as before. There was skepticism among the few tourists who managed to come despite the restrictions. Thinking that peanut is a place nobody thinks, even if its not honesty, people company, its nice people and i found a few people have been here for the money. So ideally, i would not respond very positive. Some Health Experts caution that the vaccine shouldnt be approved is no silver bullet. But for an island where up to 70 percent of its economic output relies directly and indirectly from tourism. It is at least a glimmer of hope on a cloudy horizon. And finally, some of the other Global Business stories making headlines, saudi arabia state. All that is our uncle says it will sell dollar denominated bonds to boost its finances during the current slump in global demand. For crude oil range between 3 and 50 years around profits for the 1st 9 months of the year tumble almost 50 per cent. If they had their way as, as announced that it launched erik flights between i would be and tel aviv next spring. You know, when falls an agreement by the united arab emirates, to normalize relations with israel september, if you had was the 1st gulf air line to land in israel last month. And that wraps up our program for more as usual. You can at the website at www. Dot com slash has some. Thanks for watching. Ever self successful. With one foot in the Northern Ireland and brags, its a balancing act. The president s enormous challenges for constant impressions from northern france. It balancing act w. Ws, crime fighters are back africas most successful radio drama series. Continues from olympus odes are available online. Course you can share and discuss on w. Africas facebook and other social media platforms. To me and now after briggs that Northern Ireland is due to remain conduct. You can hang it in many ways. It will still be linked to the European Union conundrum. What does the future hold . Hopes and fears of the homes . Can you tell me where they are . Mostly though. I will show one. There are no bombings at all. Just come the pace. Others are starting to think