Im chris colfer. Welcome to the program, the rally on financial markets. It continues with optimism about the Coronavirus Vaccine and easing u. S. Political uncertainty, pushing global stocks higher. Investors around the world were in a buying mood on wednesday after the dow jones breached 30000. 00 points for the 1st time. Sentiment soared on the prospect of a big scene to ease the pandemics stranglehold on the Global Economy. But the transition of power to president joe biden, president elect joe biden, rather is finally beginning for the highs as well. For more. Lets bring in our financial correspondent in frankfurt. Give us some more reason for this global rally. Chris, to begin with. Theres more clarity and less of uncertainty that investors are looking now beyond the issues of a 2nd wave unemployment high unemployment. And then rather looking at the post pandemic recovery. And it helps that the transition process has started in the us, and that market friendly treasury said us is
Welcome to the program. Global air travel is looking for a way out of the devastation the pandemic has been causing the International Air transport association. I. X. Have believes its possible to save the industry from ruin by reopening safety as soon as possible. And it seems to be high time. The industry body expects losses to belong to 84000000000. 00 in this year alone. The unprecedented drop is due to demand in the industry tanking by well over 60 percent. Now today i asked is holding its annual meeting where measures to remove travel restrictions will be high on the agenda. And a move towards what could become common across the industry. Australia. Squanto has announced that International Travelers wanting to fly with the carrier will need to be vaccinated against cove. At 19, earlier i spoke to director general and c. E. O. And xander vision yack and asked him what ideas the industry body had to move forward. You know what we are a commending because of that scene is not there
This is. The kind of. Training successful. Talking to me. Starts oct 16th w. I disaster or a tremendous success in a chaotic on the times bad tempered debate u. S. President donald trump and rival joe biden demonstrate go for tween their views on how the countrys economic recovery from coronavirus is going also coming up. After that was one of the words struck his lock down south africa sees its economy shrink by ha its falling employment figures to match. This is going to be a business on robots. Then welcome to the program the 2 men battling to lead the Worlds Largest economy had plenty to say about it although at times over the squabbling between president obama trump and rival joe biden it was difficult to hear it unemployment trade with china and taxation all came in a comment people out there need help but why do you do it over again in the is 25 years i think the economy was supposed to be trumps calling card for this reelection on tuesday it was a liability to be shifted to his
And experts warn too much celebration could trigger a 2nd coronavirus wait. Welcome to the business i want to get jones and berlin good to have you with us the United States and to google i headed to Court Washington has filed an antitrust lawsuit against google accusing the company of illegally using its market power against its competitors the government says google has borge its success by paying a mobile phone makers and others to make it the default search that engine google controls about 90 percent of global web searches its the biggest challenge the u. S. Has launched against the Tech Companies and a landmark case against microsoft and that was back in 1998. So lets get some analysis on this now from our financial correspondent Chelsea Delaney in frankfurt chelsea. Please tell me i mean so what exactly is illegal about googles business model. Its no surprise that google is seen as a monopoly here but what the government is alleging is illegal is the way that google has attained
A former east german factory still going strong. This is day to day business on robots in berlin welcome to the Program European Commission President ursula found a line says brussels is launching legal action against the u. K. For a breach of good faith articles in the brics Withdrawal Agreement these decision was triggered by the u. K. s internal market bill which westminster passed on choose day the controversial bill aims to guarantee smooth trade between Northern Ireland on the rest of the United Kingdom but brussels fears it could trigger a hard border between Northern Ireland and the republic of. Well lets cross to financial correspondent Ashutosh Pandey who joins us from frankfurt worth talking to you from there actually because figures are starting to show that places like frankfurt are benefiting from brics it at the expense of the u. K. Absolutely thats what this unsaid younger report shows us 7500 jobs have moved out of britain 1. 4 trillion euros have moved out of britain