Is business im Kate Ferguson welcome to the show german travel company 2 e is getting an additional 1000000000 euros in age from the German Government the funds are intended to help the firm get through the winter after its business was decimated by the coronavirus 2 e has already received a loan from germanys state Development Bank to eat one of the biggest travel groups in the world turning a profit before the mc. For more im joined by Political Correspondent fineman young find out how important is to be for the German Economy. Well to be is one of the Worlds Largest travel companies by some reckonings it is the Worlds Largest travel company certainly the largest in germany that explains only why it already received 1800000000 euros in state loans back in april the 1st large German Company to do so theyve got 70000 employees worldwide 10000 of them in germany and they had a revenues in 2019 of 18000000000 euros and more so its a company with a proud history its very important for the
And his blue and White Alliance a majority. But it will strengthen his hand in negotiations. One of the worlds oldest travel firm, the uks thomas cook, has been holding emergency talks with creditors and shareholders, hoping to raise the 250 million it needs to avoid collapse. Ministers say plans to fly holidaymakers back to the uk if necessary are in place, but have dampened hopes of a government rescue bid. Our transport correspondent tom burridge reports. People have been starting holidays today in places like majorca, while their travel agent, britains oldest, battles to stay afloat. Time is running out for thomas cook. Unless a rescue deal is done by tonight, the firm will fold. Weve just flown in from bristol. Were rather concerned, obviously, with regards to whats going to happen, whether well be able to fly home or not. I really couldnt care less. If i get stuck here, i get stuck here, dont i . They cant get in either. Last night, tourists on holiday with thomas cook were tempo
A warm welcome to the programme, briefing you on all you need to know in global news, business and sport. And you can be part of the conversation. Were asking you about our breaking news, the collapse of thomas cook. Are you on a thomas cook holiday . Do you work for the travel company . How are you impacted . Get in touch just use the hashtag bbc the briefing. Lets bring you the details on the story that broke in the early hours. Thomas cook, one of the Worlds Largest travel companies has ceased trading. The final confirmation came about three hours ago, after prolonged talks to try and save the company failed to bear fruit. It was trying to raise 250 million to continue and had asked the uk government for help. Now a major repatriotion operation is underway to bring home the estimated 150,000 uk passengars stranded overseas. Simon jones begins our coverage. Grounded, the uk oldest holiday firm has collapsed after 178 years. A day of frantic negotiations failed. At two oclock this mor
And easily as possible. 0n the financial markets, the winners are thomas cook s rivals. We will talk you through the winners and losers. And giving a new leash on life to our furry friends. 0ne company connects dog owners with professional dog walkers well hear from the companys founder to see if the idea is taking off. Today we want to know if youre affected by the thomas cook collapse . Are you a customer someone either already on holiday or who has booked a getaway with the company. 0r are you one of the 22,000 worlwide who worked for thomas cook . Let us know just use the hashtag bbcbizlive hello and welcome to business live. Do you get in touch, we have heard from many of you already. Good to hear what you are facing in regards to that story. Lets fill you in on what we know so far. We start in the uk, where one of the Worlds Largest travel companies thomas cook has collapsed after last ditch talks aimed at saving the firm failed. Its triggered the uks biggest ever peacetime repat
It will be a shorter working week with no loss of pay. Coming up on afternoon live all the sport holly hamilton wales have opened their World Cup Campaign witha wales have opened their World Cup Campaign with a convincing victory over georgie. We will relive all the tries at 2 30. With rain on the way, some have been looking for a dry place to stay and that rain is brought to us by a weather system that is influenced by what happened in the caribbean two weeks ago. I will tell you more later on. Also coming up by royal appointment harry and meghan visit a south african township as they arrive in south africa with four month old archie for their first overseas tour as a family. Hello everyone this is afternoon live. Its called 0peration materhorn and its the biggest peace time operation to repatriate britons stranded abroad after the collapse of thomas cook. The Civil Aviation authority has chartered a fleet ofjets to bring home more than 150,000 british holidaymakers. Thomas cook brita