so debbie here and on twitter at the news and you're dishonest than i am so what's . the global corona crisis you can find more information online f.t.w. dot com and on t.w. social media channels. how does a virus spread. why do we panic and when we'll all miss him. just through the topic from cover and i weekly radio show is called spectrum if you

would like and new information on the coronavirus or any other science topic you should really check out our podcast so you can get it wherever you get your podcast you can also find us and dot com and slash science. or grim news for the american worker jobless claims continue to soar now totaling 26000000 americans out of work during the pandemic and creating new urgency for governments to respond. also on the show europe says it's coming to the rescue of its members hardest hit by the pentagon only question is how. and textile workers in bangladesh say they're not getting paid while their factories are closed and if they can't hold out for long. this is your business report i'm stephen beers in

berlin it's good to have you with us. more bleak unemployment news from the u.s. labor department statistics showing a stunning 26500000 americans have sought unemployment benefits in just over a month and this means all the jobs gained during the longest employment boom in u.s. history have been wiped out by the pen demick the record jobless claims represent more than 16 percent of u.s. workforce and they come as several u.s. states announce plans to open their economies over the next 2 weeks. and let's go now to our financial correspondent in new york younes korda. more dismal numbers we've seen us a few times before any idea when this is going to end. well at least if you want to take a tiny little bit of good news some at least less people filed for those unemployment claims in the past week than in the week prior but overall the speech was so which jobs are getting lost are clearly breast taking claims are not equal

to people who are really getting unemployed but to miss the mids are there up to 4045000000 people theoretically could lose their jobs and if we look at the claims we shouldn't also forget that it's still very difficult for people to actually file the agencies are completely overwhelmed so a lot of people who are trying to apply them physically or by the phone they do not really get through so the official number is probably higher than those 26000000 as you mentioned earlier. all right meanwhile in washington congress still has shing out another rescue package for small businesses will it help. well i mean it's called apparel protection program so all of the a dear is certain that people do get their help a soledad we've all see less companies. laying off people but as we've seen in the 1st round of this 150000000000 package for small business owners we saw that the

money did not necessarily go where it was intended to go you had rich universities like harvard for example receiving some money you had rich individuals or wealthy individuals getting their money so that will be the trick now for the 2nd pickett's to really break get the money to small and midsize business owners but there's already talk that even the 2nd package will not be enough so that a 3rd pickets might be on the way sol for now the government tries to throw money at the problem but it's not fully working as self yet all right yes court of their force in new york thank you. over europe now where european leaders agreed thursday to the creation of a recovery fund within its budget to help members hardest hit by the pen demick they remain however divided on how to lay out those funds leaders' task the executive arm the european commission with flushing out

a plan by may 6th southern members including heavily indebted italy one payouts to take the form of grants which don't need to be repaid but a group of northern members including the netherlands prefer alone. and for more on this i'm joined by adam to use he's director of the european institute at columbia university and is closely following this debate. out of so crowded and sort of has stolen the spotlight of a lot of this debate but really a massive growth in the e.u. budget it looks like isn't this a win for those who believe in a more fiscally coordinated e.u. and i think it will depend very much on the details of what emerges from the package only 6 of my own will can then subsequently be agreed between the governments i think it's worth remembering that this meeting was billed as make or break i think it's that it's a little hard to see it as an anticlimax to be honest because this sort of the clash on the bones of this proposal on the other hand from the point of view of

those who do not think i get your lies ation all debt and finance within the e.u. it's also a relief in a sense the new and no one knows it was in fact a commitment to the expansion of the budget a very considerable expansion of the bucket everything i think is probably still to play pool at this moment. does this mean that the idea of corona bonds is basically out of discussion now or has it just been changed. you know in that form i think probably yes that turned out to be political poison the french who had initially aligned themselves without idea backed away and position themselves as the mediators between adoption the italians but in effect if we're talking about a large expansion of the e.u. budget and if that is not to come only from contribution from the member states there and the e.u.'s search will have to lower and that's tantamount to the kind of mutualization that people were talking about it will depend very much on the legal niceties that wagon which liabilities structure whether or not very big issues for

instance like taxation fool the e.u. addressed which would be the ultimate direction in which one might move in which debts range that the level backed by e.u. revenue streams of behind this debate has been the adamant opposition from countries like italy to borrowing from the eurozone bailout fund which was created during the last recession why has it been so opposed to doing that well because i think we have to reckon with the fact that the memory of the year is not a crisis in the way that was handled the divisions that well out. of the poisonous it's tantamount to something like a kind of low level european civil war it's difficult for the north to admit this i think that those feelings are then out of the public that the sun and the states and furthermore the republic is in italy and particularly how the media of course is the key figure here who are willing to exploit those sentiments and they have made the circle of this stability mechanism political poison for the government even if they will be tempted to take it up that it is convenient and it's that it

would be dangerous for them politically to do it. right as always and heal wounds between northern countries and southern countries really behind a lot of these stories adam tuesday rector of european institute at columbia university thank you very much thank you let's take a look now at some of the other business stories making headlines around the world . half of all german firms are using a state finance short term work scheme to cut salary costs during the krona crisis that according to a survey of the economic institute of the scheme allows companies to keep workers on payroll 80 percent of companies have seen revenues fall to depend demick measures. 2 tons of says it's seeking state aid to stay solvent this after reported a 1200000000 euro 1st quarter operating loss which it blames on pandemic measures the german airline says it's in talks with governments where it where where it and its subsidiaries operate. a volkswagen has resumed production in germany after more

than a month of shutdown it's reopened its factory in the eastern city of speke al with stricter hygiene measures in place diameter which produces mercedes benz also resumed some production this week. and speaking of dime of the company has posted an 80 percent plunge in 1st quarter operating profits of the company had already withdrawn its earlier more optimistic 2020 targets forecasting the sales of cars vans buses and trucks would all fall this year. and you probably heard that the pandemic has disrupted supply chains around the world well those chains are actually a series of jobs and they begin in low wage manufacturing countries like bangladesh they're close factories have left workers without work and struggling to survive through. despite the lockdown thousands of seamstresses from the textile factories in dhaka have taken to the streets they are hungry and they

are angry the government has instructed textile companies to keep paying wages to work has joined the closures but many factory owners won't comply. and it actually i'm by no means was scared of catching a virus but we're protesting anyway we have nothing our families are suffering we're risking our lives here because we're hungry and that's worse than the coronavirus of the dominican a man or bangladesh has the 2nd largest textile industry in the world normally at bobby longarm and in dhaka the same stresses crowd together here at the beginning of their shifts but now only a handful of workers allowed in to maintain the building. of nearly 20000 employees and now on forced to leave the textile industry in bangladesh earns more than 30000000000 euros in revenue a year and has helped the country emerge from the list of the world's poorest nations. but the lock down isn't the only reason for the production hoped.

customers don't start placing orders soon we're going to have a big problem if we're not allowed to manufacture and deliver our wares that's another problem we paid 0 workers in march and we'll pay them in april to but we have to take out loans to do it. people are starving the government is distributing food but there's not enough to go around experts fear the coronavirus could set emerging countries back 20 years that's why the textile industry is appealing for help from the west. look if you're going to be this perfect is to cancel the order in this situation so definitely we them to reconsider disease shoot and. shoot day. and they would be other ways. other ways took an industrial would be collapse it's the since she says who suffer most their wages

often only amount to $100.00 euros a month as long as that's not being paid and continue to protest despite the lockdown. and that's it for me and the business team here in berlin you can find out more about these and other stories online a t w dot com slash check us out on facebook and twitter we'll leave you with a look at financial markets i'm stephen. watching.

years of the world at their feet but success can be a roller coaster ride. no. one. kind of person you have to be to bet everything on the of the dice to go your own way even if that path is fraught with risk pioneering spirit the phenomenon and its economic impact made in germany. next to. go

for a good. buy a whole instead of fireworks. in madagascar our students are learning how to make pallets and we can plant remains. in the gold. less deforestation and more nutrients for the island nation. for. 60 minutes w. . like. oh. my god just love our food for the russians so. come to their rooms to cut. so many different walks of life. some are pumping and oddly trying to put all

of this comes straight from the heart it's far see even when there's no more delusional. in trying to come up. from the fruit of the law to their final resting place the russians are d.w. documentary. oh but bush corny henry ford or mock back born in different eras and on different continents and yet they all have something in common they are all pioneers of industry with their ideas and innovations they trade new ground and made a success of it welcome to made in this week's edition we want to look at.