After months of wrangling, lenders agree on more Bailout Money for greece and the chance of debt relief next year. Could the greek tragedy be reaching its final act . Plus, Havana Rethink are cubas growing Business Ties with the us now under threat from President Trump . Welcome to World Business report. Im rachel horne. Also coming up, after the biggest recall in the history of the car industry, could faulty air bag maker takata be about to file for bankruptcy . Well have the latest from asia. We start in greece which has edged back from the brink of financial collapse once again. Late on thursday, after months of wrangling, European Finance ministers, together with the International Monetary fund, finally agreed to give athens its latest slice of Bailout Money. And theres a hint it could get some relief from its crippling Debt Mountain next year. Lets show you the details. Greece will finally get this 8. 5 billion euros part of an 86 Billion Euro bailout plan agreed in 2015 which is
Negotiations and look at where the new government goes from here with our Business Editor, simonjack. We usually ask you a twitter question, but today the founder of amazon has one for you what should he do with all his money . Jeff bezos has posted a request for ideas from The Public For Philanthropy Inspiration what advice would you give . Just use the hashtag bbcbizlive. Good to have you with us on Business Live. We start in greece, which has edged back from the brink of financial collapse once again. Late on thursday after months of wrangling European Finance ministers, together with the International Monetary fund, finally agreed to give athens its latest slice of bailout money. And theres a hint it could get some relief from its crippling Debt Mountain next year. Lets show you the details. Greece will finally get this 8. 5 billion euros part of an 86 Billion Euro bailout plan agreed in 2015. It is the third it has had. It will come just in time, as greece faces 7. 3 billion euros
luna, after a sharp increase in fuel prices in the country. the information, leaked by the brazilian press, was confirmed by the government and they are now seeking a replacement. another country suffering with high energy prices is spain. in response to a mass protests, the spanish government is today announcing a package of emergency economic measures worth 6 billion euro in direct aid and tax breaks and 10 billion euro in loans for families and businesses affected by the fallout from russia s invasion of ukraine. guy hedgecoe has more from madrid. minister has unveiled a 16 billion euros package of measures which he says are aimed at mitigating the impact
popular place to visit. in fact, a country that relies on tourism pre pandemic made 15% of the economy, kept 10% in jobs and with the travel instructions in place, and any of that was lost. now those measures are being eased and what is it mean for one of the most popular holiday spots? let s find out because the tourism ministerfor portugal joins us. starting with that, what is it that governments can do? to help fix and then rebuild a devastated industry? first of all what we have done important goal is we have just close to the world was to finance companies, finance jobs, in order to preserve our offer and now we are in the process of opening up, very optimistic about the future so we presented a 6 billion euro plan to reactivate tourism in a sustainable way. if plan to reactivate tourism in a sustainable way. sustainable way. if we step backwards. sustainable way. if we step backwards, all sustainable way. if we step backwards, all the - backwards, all the difficulties, what
we are seeing the difficult and ardgous journeys could end. atika. reporter: the set up right now as organized as this is is temporary. it is not sustainable at the level it is now. yesterday, we saw more than 13,000 people coming into the area in munich which is the main doorway. you see families coming through here throughout the morning. in fact, we saw a little boy come in without any jacket. it is getting cold without any shoes. he has just been given fresh clothes and shoes. angela merkel, the chancellor of germany, has just made a speech and said an extra 6 billion euro will be allocated to deal with the refugee crisis. germany will take up to 800,000