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DW Business September 23, 2019 13:45:00

Just one country badly affected by a changing climate as World Leaders gather in new york for the u. N. Climate summit. This is the business im joined on in berlin while we begin with the collapse of the worlds oldest travel Company Thomas Cook had stopped operating after failing to secure a last minute bailout thats left more than half a 1000000 holidaymakers around the world stranded well have more on that in a minute but heres a look back at that era thats now come to an end it all began 178 years ago as a father and son outfit offering modest trips between english cities but it grew into a multi 1000000000. 00 travel firm with global reach and 22000000. 00 customers at the turn of the century the group expanded rapidly buying up Tour Operators hotels and Airline ....

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DW Business September 23, 2019 18:23:00

And aviation market uncertainty surrounding brakes it didn t help matters things came to a head last month in order to raise cash quickly the bosses put the airline business on call for sale before scrapping the proposal on presenting a rescue plan to investors despite huge if it s over the number of months. that intense negotiations in recent days we have been able to secure at the you to say would be useless for some of the 20000 workers at europe s 2nd biggest travel company there may be smiles but the future is far from clear. now to some of the other global business stories making news. a steep drop in german manufacturing is dragging down the eurozone economy in september the purchasing managers index dropped to a 6 year low suggesting the eurozone economy is stalling in close to recession the ....

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DW Business September 23, 2019 13:48:00

Secure at the usual to say business for some. of the $20000.00 workers at europe s 2nd biggest travel company there may be smiles but the future is far from clear. for more let s bring in clifford coonan from our business team and really bartz at the frankfurt stock exchange early i want to start with you what does this mean for customers and for investors. well for many customers it means that they will either not be departing for their holiday there are about a 1000000 people that said who were booked and who now can no longer travel with thomas cook many will be repatriated as we heard in the report many will not conjure wants to continue flying but it needs money and it s unclear how long it will be continuing to fly and customers regardless of what situation they re ....

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