Sometimes entrepreneurial visions turn out to be casillas in the sky or even a case of fraud busting bubbles in the Business World our topic today are made welcome and starting with a major scandal thats rocked germanys financial well to the bankruptcy of Payment Company why are caught what a story it could be straight out of a Martin Scorsese movie looking at the dock a side of humanity why a cod was a major tax listed company until an investigation by the Financial Times uncovered a fraudulent behavior in the end of the german Fin Tech Company a Success Story collapsed like a house of cards. A member of the Investigations Team of the Financial Times problem was the 1st to raise the alert about wild cards accounts this is a bit of a Strange Company in the numbers that its putting out dont quite seem to out of what a card was a highly promising dax a listed Fin Tech Company specialized in Electronic Payment Services Online Purchases also involve fees to the transaction provide such as
Commission has decided to order ourselves alphabetically. With that welcome to this virtual hearing convened by the Congressional Oversight Commission pursuant to section 4020 of title 4, subtitle of the cares act, the Commission Must conduct oversight of the 500 billion authorized for the Exchange Stabilization fund. As part of our oversight work, the commission has decided to hold this hearing today which will exam examine the main Street Lending facilities. The Federal Reserve established the main Street Programs to support small and immediate you yumsized business answer Nonprofit Organization that is were in found sentence condition before the onset of the covid19 pandemic. The program operates through five facilities which we will learn more about this morning. The programs being administered by the Federal Reserve bank of boston todays hearing will have two panels. President eric rosengry. N, Federal Reserve bank of boston will testify during the first panel. Second panel will i
After the adp report, employment is still a bad number. From 43. 1, so42. 1 that feeds into the narrative that even if the economy opened up a little bit in july, we are going to see fewer people working, and we will probably see adjustments to peoples payroll forecasts for friday. Alix is that the one take away from today, the slower rate of job hiring . Michael that is the important thing. You can open up the economy and get a yield sitting in the middle of the street or a restaurant, but the people who serve you are not coming back as quickly as they would hope. That will slow the economy overall. Alix you mean in new york you literally have tables in the street. I appreciate that take them. One other sign of hope in the race for a vaccine you have shares surging to their highest in five years. I two shot experimental covid19 vaccine generated antibody responses in healthy adults that were four times higher than in people who have already recovered from the virus. I am joined by the
Young people showing mild or no symptoms at all it prompted a swift shutdown of night clubs throughout the region as well as a curfew on bars and concern among other European Countries of further outbreaks the u. K. s government announced on saturday that a 14 day quarantine period would be introduced for travelers returning from spain and in france there were requests to avoid travels to the country altogether so he saw the us. Concerning the situation in catalonia which is displaying worsened indicators for infection there as you know those who are going to get is are deteriorating we strongly encourage french citizens to avoid going there until the Health Situation improves and. This is the high season for tourism and many working in the sector are already feeling the drastic impact of the pandemic. In all the years that i have been here this is catastrophic things were good for a time over the past weeks but not now even 2 weeks ago you saw more people out but not now there is noth
Significance as tension between the u. S. And china escalates over hong kong and the South China Sea and a major hike of twitter fake messages appear on some of the most followed accounts including bill gates barack obama and iran mosque. China has become the 1st major economy to report growth since assad of the kovac 19 pandemic official data shows its economy grew at an unexpected 3. 2 percent in the 2nd quarter after shrinking the most in nearly 50 years while some industries are nearly back to normal Consumer Spending is still down. The epidemic is still spreading faster overseas the restart recovery of the World Economy and trade has been very difficult domestically the recovery have to modest slowed the pressures of stabilizing and surprises and safeguarding residential employment a huge katrina you is in beijing for us joins us now live some unexpected numbers katrina growth much better compared to the rest of the world in china what is driving this. Well the authorities here sa