dramatic. this is d.w. news don't forget you can always fear of the big by going to our website at d w dot com chris is up next with the latest business news stick around to be right back. i'm secure in the they were not hard and in the end this is a me you are not allowed to stay here anymore we will send you back. are you familiar with this. with the smugglers would lie and say. what's your story. 'd on what numbers of women especially of victims of violence. take part and send us your story we are trying in all that is understand this new

culture. or you are not a very little or nothing yet you want to become citizens. in full migrants your platform for reliable information. up. don't be betting on a v. shaped recovery ahead of the u.s. federal reserve warns of an extended period of weak growth and calls on washington to write bigger checks also coming up travel giant tory announces thousands of job cuts after a loss making winter period and with an even tougher summer to come plus greece is notorious for its red tape and slow moving officialdom but the coronavirus crisis now has things moving fast. i'm chris colfer i'm bill and welcome to the program

u.s. federal reserve charger on powell has warned that the coronavirus pandemic could trigger a prolonged recession in the united states speaking by a video link mr policy said the u.s. economy would take some time to return to where it was just months ago you urged congress and the administration to do more to prevent long lasting economic damage the message comes a day after top infectious disease expert anthony ward against reopening the economy too quickly. all right let's bring in a wall street correspondent yes cordy here yes quite a grim projection there by jerome pala not at all mirroring the optimism markets were showing recently what's behind this outlook well i mean there's clearly a lot of uncertainty and that is nothing new but your own pall of point it's true puzzle possible bankruptcies and of that should happen that it could also take

longer than hoped for what happened at the u.s. labor market and if you look at some companies so there was speculation going on that some big firms actually might have to file for bankruptcy protection energy for the chesapeake for example a car rental company hertz or also if you look at the stock of american ally that traits now below $10.00 a share the stock was actually worse a good $30.00 a share in february so a quite a dramatic shift in overall sentiment and also wall street overall is getting a bit more skeptical so for a 2nd day in a row we saw quite heavy as selling blue chips are down almost 1000 points within 2 trading days and yes drone policy called in congress to increase fiscal spending in fighting the virus he also pledged to use the fed's power how specifically. well i

mean he wasn't that specific he was specific what the federal reserve does not plan to do at this point and that is playing around with negative interest rates for all palm mention that if you look at japan or europe that negative interest rates have not necessarily proven that it's really. good being better for the situation even before the crisis hit the federal reserve can try and bring more liquidity to at least try and prevent a financial crisis to help sustain the credit markets and then on the other side he did mention and he's mentioned it before it's up to congress to actually bring more stimulus to the country and to soften the pain that we're already seeing u.w. financial correspondents quarter reporting from new york yes thank you. germany and several other european countries have announced that in the coming days and weeks

they'll ease border checks put in place to contain the penda easier travel is good news for the battered tourism sector take travel tight giant to ease for example amid a massive loss for the 1st half of its financial year the company announced in a shed around 11 percent of its global workforce few sectors have borne the economic brunt of the coronavirus pandemic quite like tourism. a stranded cruise ship. it wasn't even allowed to carry tourists anymore this to you vessel was carrying thousands of crewmembers as they awaited return to their home countries but a covert 1000 outbreak necessitated a rapid evacuation. the virus changed things incredibly quickly for the travel sector. in the space of a few weeks a global industry has essentially disappeared. in germany travel operators have demanded government bailouts for their battered sector as well as

a swift return to normality. to itself has already been bailed out with a 1800000000 euro loan on behalf of the german government. but now the company is looking to the future it has unveiled a 10 point post lock down holiday plan. the anglo german multinational believes the tourism can resume soon under certain conditions and its plan for hotels it proposes online check in strict to meter distancing rules and in-house contact tracing for restaurants their need to limit the number of guests and extend opening times while leisure events must guarantee distancing. disinfect dispensers should be widely available while regular deep cleaning must be routine. to a c.e.o. for interviews and also says the company will only sell holidays to destinations that pass its health checks we probably shouldn't expect such a plan to fill up the world's beaches any time soon but sooner or later the sun

will rise again for tourism we all just might have to keep our distance. germany many other countries across europe loosen their lockdown the aviation industry is hoping and preparing for a resurgence in passenger numbers now depending on the airline that could mean radically different airport and onboard experience. now what might be taking to the skies in the times depend. flying during a pandemic passengers on board this booked out of ryanair flight from london to lisbon may have been wearing masks but they weren't able to keep much distance from each other. all over the world airlines are having to contend with the realities of the coronavirus at air france officials have been taking temperature readings of

passengers before they board in the hope of stopping people with symptoms from flying. because often they're disinfected every 5 days and some efforts are being made to keep people from getting too close to each other for stuff it means issuing and in forcing new restrictions. i'll make an announcement to the passengers to ask them to limit their movements during this flight to respect social distancing. movies think they said to. onboard caesarean is being kept to a minimum and duty free shopping is no longer on offer all our customers have a refund everything on the train. crew members who we. knew once to relieve the trade to the customer and everything we spoke to individually at the leonardo da vinci international airport in rome and they've been trying so-called smart helmets they allow temperature readings to be taken

while people are in motion they work within a 7 metre radius. it's just one example of a number of innovations in health and safety that have arisen because of the pandemic you know who will go to the airport official will be able to identify even within a group of people which individuals have a fever that needs attention nothing much. as lockdowns ease and travel resumes the airlines will be left with a great service sponsibility then after for maintaining public health. it's a grace now and the country is notorious for its red tape and bureaucracy but the coronavirus crisis has got things moving faster now and you online government portal aims to streamline permit approvals and helps businesses it by the pandemic recover some. this is how many greeks hand in paperwork at the tax office

these days it's a similar picture and other government agencies like the public health insurance greece is notorious for its slow moving bureaucracy but the covered 1000 crisis may be speeding things up for example architect marley f.o.t.r. who can now submit her building plans for approval on line because it wasn't the way used to work was that we had to take all the project plans to the town planning inspector to the engineering inspector who would check them this process could last 2 years sometimes even a year and a half it once took me 2 years and. the online submission alone saves time and paper but now with the electronic licensing system the granting of permits is supposed to get faster to it's part of a government portal launched during the coronavirus lockdown so we decided to create a single point one a citizens come basically find out what they're looking for and any new platform other will be adding on top of this any new idea out in the set of eyes that we

will be providing to the citizens will be there and going to that these 2 entrepreneurs who opened the small piece through just before the lockdown started wished the portal had been up and running long ago it took them nearly 8 months to get their operating permits but will the portal really help businesses hit by the pandemic. we need a lot more radical changes than those offered by an online platform that just gives us various certificates or other things that make our lives easier clearly it's a very good service we should have had it years ago but it's not going to be enough for what we're experiencing now. the time of the corona virus will bring about many changes in greece to an extent it may also help to make life simpler. and finally twitter staff can continue working from home as long as they see fit even if that means forever twitter c.e.o. jack dorsey e-mailed workers saying the san francisco based social media company

favored the centralization and supporting a workforce capable of working from anywhere over 1000 had accelerated the work from home model however he added that if workers prefer the traditional way of things twitter's offices would be their quote warm and well coming selves once it was safe to return. and that's a show. for me and the entire team thanks for watching and have yourself a successful.

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