A standstill but millions intended to play tom plex persecution and discrimination will be speaking with the u. N. High commissioner for refugees. Im sorry kelly welcome to the Program Leaders have wrapped up a Video Conference on a Financial Plan to help the bloc emerge intact from the worst economic crisis in its history the Virtual Summit was the 1st step in what are expected to be difficult negotiations on a 750000000000 euro carona Recovery Fund the leaders will meet face to face next month for the 1st time since february heres what german chancellor Angela Merkel had to say after todays meeting. You dont have to be doing this are to each of us spoke about the positive aspects to that also brought up the critters. Somewhere appropriate or not there are still big bridges that need to be build thats clear but it was a very constructive discussion and lets bring in Richard Walker who has been following this story for us from brussels so she said a bear very constructive can discussion therefore how high is the hope for consensus yeah well i think most sides are reasonably confident that some agreement will eventually be found but thats not necessarily because any Real Progress was made today but more because the stakes are just so incredibly high the pressure to come up with agreement on this is intense and you know im going to mark over the last few days the last few weeks has been speaking to that herself talking about this is being the biggest economic challenge that the European Union has ever faced so having raised the stakes that level if the leaders are unable to come up with some kind of agreement some kind of answer to this then it really would be a huge embarrassment not least for germany itself because in just about 10 days time it takes over the rotating presidency of the European Council so this is going to be absolutely top of uncle americans to do list for the next few months and shes sure to put all of her energies into finding agreement but theres a lot of work certainly to do so just walk us through the biggest obstacle obstacles to achieving a deal. Thats right i mean almost the only thing that they do agree on is that they want some kind of recovery fun but almost Everything Else is still really to be worked out as merkel we just saw in that clip saying that an awful lot of bridges remain to be built for instance the size of the fund this you mentioned you know the number that the European Commission has come up with the 750000000000 euros well theres a small group of countries that of the nicknamed the frugal 4 they want to spend less they havent said how much less but they definitely want it that number to be lower also theres a big debate about what is the balance between the amount of money thats actually given out to countries as grants or thats handed out as loans which then eventually need to be paid back that frugal for they are very keen for it to be loans or at least mostly loans the countries that need the money says whats the point is lending is this money were going to end up in big debt so thats the kind of flavor for the kind of issues that there are there are many others too but the haggling really now begins so theyre going to be weeks and weeks of negotiations taking part taking place in around the middle of july they want to have an in person summit to try and make some Real Progress so weeks and weeks of negotiations meantime we have those countries in need italy and spain pleading saying that they need the money they need it quickly and we also have the Commission President arcelor ponder line echoing that urgency so you mentioned part of that timeline richard when could we see a deal. Thats right well that everyone is really keen to have a deal this summer not just because they might want to go away on vacation but also because any kind of deal is going to need to get ratification from palomas around the European Union and also they need a deal by the end of this year thats a really hard deadline some of this going through all of those ratification mechanisms because were not just talking about this Recovery Fund were also talking about what the e. U. Calls its multi annual for Financial Framework e. U. Jogen for its budget its own budget runs out at the end of this year and the budget for the next 7 years is attached to all of this so if they dont get this worked out by the end of the year the e. U. Isnt going to have any money for its operations at the beginning of next year so theres immense pressure on every side to work this out for us the stakes literally could not be higher Richard Walker in brussels thank you well theres more chaos at wire card to report because the c. E. O. Of the German ElectronicsPayment Company marcus bron has resigned with immediate effect his resignation comes after the firm revealed that auditors could not find 1900000000 euros in cash why are card faces a deadline for the release of its 29000 results today the company is stocks have been in freefall this week earlier this month german prosecutors searched the dax listed firms offices as part of an investigation into market manipulation. So where did the money go well thats what wire card investors are asking after 1900000000 euros simply disappeared from the companys accounts and its auditor he why has refused to sign off the 21000 results for now wire card makes its money from the booming Online Retailing sector it set up contracts between retailers and credit card issuers banks and online Payment Systems like paper how fitting retailers time and money now shareholders are threatening to sue the company and banks have demanded their money back wire card share price has plummeted by over 70 percent since thursday morning when this news broke. Well lets bring you up to date now of some other developments in the corona virus pandemic results of a study of sewage in italy suggests the virus was president in milan and tovey and december this could mean the virus arrived in northern it to leave before china officially reported its 1st case india has recorded its highest one day spike in infections confirming more than 13000 new cases the country now has the 4th highest number of cases after the u. S. Brazil and russia and officials in germany say that a Contact Tracing has now been downloaded by 9600000 people just over 11 percent of the population the app was launched this week on a voluntary basis. For china has reported 25. 00 new cases of the coronavirus in the Capital Beijing saying that it now has the latest outbreak under control authorities activated strict a lockdown measures after the virus was spread at a food market earlier this week but critics are increasingly questioning how beijing is dealing with the crisis and how its further suppressing any dissent about its policies. Few in china have felt the Economic Impact of the coronavirus as much as migrant workers. Who young she is a day laborer who usually works on construction sites but the building sector took a hit from the coronaVirus Outbreak. Finding a job is harder now than it was. There more protective regulations like social distancing rules. But we have survived the worst months of the pandemic threat to even quite sure that one. Had private job centers postings on the windows show how much the job market has taken a hit wages are declining the equivalent of around 20 u. S. Dollars per day instead of 30 but who you know she says he doesnt want to criticize china in front of the international media. She you need is one of the few people in china willing to speak out hes a human rights lawyer and authorities have been watching him more closely since the pandemic began. When many chinese took to social media to call for freedom of speech he participated by signing a petition. With the police told me that if i didnt cooperate with them and delete what i had written if i continued to speak my mind there would be consequences for my family and me. And she she worries that the government will use the pandemic to tighten its control over chinese citizens and number of journalists have already felt the pressure. Now leads a war was a news anchor for state controlled media when the pandemic kid he quit his job to report independently from. A classified ad called for night shift workers at a funeral home lead took the job hoping to find out the true number of people who had succumbed to the virus. He was broadcasting live when Plainclothes Police entered his apartment and arrested him he disappeared for 2 months. In april he appeared in a single video explaining that he was simply in quarantine that many of his viewers say he had been forced to lie. Well. Chinas critics say state propaganda has been ramped up since the pandemic began state t. V. Portrays china as a global savior sending Health Care Supplies by the ton to countries in need National Pride is on the rise chinas handling of the crisis has been a model for the world thats the opinion of many here at the great wall. This is how china works 1st our leaders come up with a plan and the people should follow without raising too many objections and benefits everyone. In the way that a hallmark. So here you see the difference between socialism and capitalism you should probably take a lesson from china china believed it had the coronavirus pandemic under control the economy was once again up and running but the new outbreak threatens to draw the country back into a crisis. To get a quick check now some other stories making news this hour brazils covert 1000 epidemic continues to spread according to the Health Ministry the country will soon top 1000000 confirmed factions at 50000 deaths brazil is home to the worlds worst outbreak outside of the United States colombias army has freed 2 tourists kidnapped by suspected guerrillas 3 months ago the men a swiss and of brazilian say that they were abducted at gunpoint while returning to bogota after visiting the Pacific Coast the region has seen a rise in violence as far dissidents and drug gangs compete for territory. Covert 19 has been able to cause the entire world to grind to a halt but it has not been able to stop wars conflicts violence or discrimination those are the words of the head of the u. N. High commissioner for refugees he was highlighting concern for millions of displaced people whose plight has been compounded by the Global Pandemic we will hear from him in just a few moments but 1st this report. Without a home to return to 80000000 people around the world are living in forced displacement. Escaping the war in syria the war in yemen persecution in myanmar starvation in venezuela around one percent of the worlds population is seeking refuge but the outbreak of coven 1000. 00 has closed borders in europe and in africa making it harder to flee. And the supply chain for aid has been crippled by the economic downturn. Refugee camps around the world are bracing for the possibility of a corona Virus Outbreak like in the kakuma camp in kenya. The corona virus that gets into kakuma refugee camp and all of us will perish there is no space to isolate we live in one enclosure we cannot do social distancing here at all if the disease comes to kakuma we will all die. In europe the destination of many Syrian Refugees attention has turned toward saving the economy from the effects of the pandemic the search for a solution to the refugee crisis has once again been sidelined. And i spoke earlier with the un high commissioner for refugees felipe day about the additional hardship refugees are facing because of the coronavirus and demick he told us that the only way to solve the crisis and other pressing issues is to tackle them head on and together. The pandemic has hopefully finally brought home to everybody this fundamental message that we live in a world in which many things are global whether we like it or not including challenges im not just talking about the undead because everybody understands that but what about Climate Change what about migration and refugees what about in security terrorism and if we dont Work Together we wont be able to overcome them depend that hes teaching us this lesson every day not that were learning very much but it is teaching us this lesson and i do hope that this starts filtering in and across to the leadership sendek we move away from this dangerous discourse me 1st we 1st my country 1st and lead truly top rate and that was the un high commissioner for refugees for the program to speaking with me a short time ago youre up to date now on news dont forget you can always get more now web site t w dot com you can also follow us on social media we are on instagram and twitter activity is going to say im sorry kelly and are lending you so much for joining us on if youd like to stick around my colleagues even apparently will have the latest big business headlines for you