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This is the w. Business im joined on in berlin thanks for joining us we start with the European Commission which has approved plans to set up a 500000000000 euro support fun for businesses affected by the Coronavirus Crisis the plan had been introduced by germany and is set to rescue the hardest hit economies in the block earlier this week that lowered its Economic Outlook and is now expecting a contraction of 8. 7 percent. Now speaking of the e. U. French train maker alice though is waiting for an e. U. Approval so that it can buy brigades rail union at state of course is the creation of a european champion to counter chinese dominance in the Railway Industry heres a look at the sectors key players. European Rolling Stock manufacturers face serious competition from china c. R. C. As the world leader with a turnover of over 20900000000 euro as the Chinese State owned john does business in more than 100 countries ill still was way behind in 2nd place number 3 is germany siemens the e. U

United statesNusa tenggara baratBruxelles capitaleGeoffrey epsteinEuropean commissionEuropean commission approvedCommission approvedEuro supportCoronavirus crisisEconomic outlookRail unionUnion stateRailway industryRolling stockChinese stateBharti global