this is the w. news live from berlin decision day for live tongues shareholders vote on a 9000000000 euro government bailout of tons as managers say that it is make or break day for the company put out a deal to the airlines with its nearly 140000 employees use is facing imminent bankruptcy. also coming up workers linked to make running virus outbreak at a german slaughterhouse called their quarantine conditions in to make. sure there is really i feel like a pig like a pig in a small hole. more than 700 people are living behind these fences a forest lockdown that has trapped the sick and the healthy together and a new report warns the pen demick could wipe out years of progress fighting poverty

in africa we will ask one of the study's authors what can be done to protect african economies from spiraling deeper into crisis. i'm sorry kelly welcome to the program it is decision day for shareholders of germany's flag carrier will be can voting soon on whether to accept a 9000000000 euro rescue package that would make the german government the airline's biggest stakeholder should shareholders reject the deal of tongues or could face insolvency here's how the head of live tongues a supervisory board sized up the choice at the beginning of the virtual gathering. yeah you can go to mia we don't have any more money. we're going to be living off of reserves that we set aside during the good years. soon we will have used most of

those up. without support and we face insolvency in the coming days the absorbance . we don't have any more money while meanwhile of tons of business that love tons of is going on including investments in new airplanes reporter dan hirschfeld hitched a ride on a test flight and finds out that the tons of troubles may be partly its own making you go here and be across. the board of tons of pie little bishnoi opens the throttle on this airbus a 350 for a test flight in the skies over the toulouse assembly plant germany's biggest airline placed its order for the modern efficient aircraft some years ago the fact this acceptance flight is taking place during the biggest crisis in la times is history hasn't escaped the pilot's attention. if it's an important signal to my colleagues who are sitting either at home or on short term

work these are tough times but it's important to look towards the medium in the long term to see that things do get better and things continue. working. the a $350.00 has a catalog price of $300000000.00 euros and love tons of specialists are checking every detail. every 13 ask to see what's. before the money changes hands bullish norman puts the plane through its paces with a series of stomach churning maneuvers transistor actually in the process of reducing the size of its fleet so the purchase of a flashy new jet is the subject of much debate throughout the carrier including its city line subsidiary in munich this aircraft is almost full much to the relief of staff in the cabin and cockpit but it's not enough to overshadow an uncertain future into lose and back on solid ground aviation analyst yes

flatow thanks a lot times as turbulent times now to a large extent homemade and that blaming the pandemic is all too easy. we love our main mistake was to believe that they could get away with relatively small cash reserves with other airlines have done a better job of that british airways owner aichi has much more cash and was a lot more profitable before the coronavirus crisis look at ryanair and easyjet 2 which have managed with pretty much no government support. this a $350.00 has been named after the german city of fribourg but there's no guarantee that it will ever carry passengers anywhere full of tons of. well german electronic company wire card has filed for bankruptcy admit its major accounting scandal wire card processes billions of euros worth of credit and debt transactions every year and now the company is threatened with collapse. it was a historic day at the frankfurt stock exchange and not for the most positive of

reasons for the 1st time a company from the elite club of german blue chip stocks the dax is filing for insolvency. wire card shares have plummeted by 98 percent within the past week following the revelation that the company had a gaping 1900000000 euro hole in its books. that news came out after the company's orator refused to sign off on its $21000.00 accounts this in turn led to the resignation of wire card c.e.o. marcus brown prosecutors are now charging brown with market manipulation and tampering with wire cards books he's been released from custody on 5000000 euros bail. the insolvency filing does not automatically mean the end of the company though wire card could regain solvent see with the help of outside investors should not emerge the company will be dismantled and creditors paid by the sale of whatever assets wire cart own. shareholders however will come out empty handed

well let's get more now from business reporter rob watts rob an astonishing fall from grace isn't it it really is i mean this is a company going from digital dolling to the brink of the dustbin it was 72 years since. into the dax index of germany's biggest companies replacing banking giant comments bank with a value of 25000000000 euros but in the past week that's all collapsed its share price has fallen from the triple digits the start of last week to the single digits today we've seen its c.e.o. resign and subsequently be arrested as part of an investigation into accounting fraud it's been an incredible week for the company. do we know what's happening and why are card itself. you know this is the big question really what has been going on now where is this 1900000000 euros going to i mean what codd originally said it was lost somewhere in a couple of accounts in the philippines until this revelation last week that

actually it might not even exist this 1900000000 so we've heard from the old it is and still young who refused to sign off on why a car 20 $9000.00 results 4 times now and they've said that they found clear indications of elaborate fraud at the company involving most of all parties around the world that's an incredibly damning statement we know that german prosecutors are looking into that not only are they looking at the c.e.o. who resigned marcus braun but we know that they're looking at other people within the company elaborate fraud i mean that that would indeed be a crime that's not just just a booking error so what does this mean for wire card because now they're going to enter bankruptcy is it an opportunity to restructure perhaps emerge stronger or is this really the beginning of the end well it's an opportunity to restructure but it's restructure what i mean there is a danger that it is going to lose its licenses with visa or master card which it needs to be able to issue credit cards

a big part of its business another big part of its business is providing online sales help to companies they seem to be looking elsewhere because that's not an empty market you know there are competitors that other companies can go to without a problem so the future of why is in real trouble and this is a historic moment for jim in business is the 1st time a tax 30 company has gone bankrupt rob lots of business on the story what's happening with wire car thank you. well let's take a quick look now at some other news stories from around the world russians are voting on constitutional reforms that would allow president vladimir putin she stayed power until 2036 proposed the changes in january and they were swiftly adopted by parliament kremlin critics say that the reforms will effectively make putin president for life. indian authorities are launching

a massive coronavirus survey of the entire population of delhi the capital its 29000000 people by july 6th delhi has become the worst hit sitting in india with more than 70000 cases. a popular beach in southern england has seen massive crowds in the last few days thanks to a spell of hot weather and people ignoring public health guidance one city council member has called the scenes appalling. while france and germany have announced that they will increase their financial backing of the world health organization in its fight against the coronavirus berlin said that it would contribute a record half a 1000000000 euros in funding this year that's an additional $41000000.00 to its initial pledge their support comes as a clear political signal and a show of support as the organization has been criticized by the u.s. for its handling of the crisis this is the largest amount of money ever donated by germany to the devil h.-o.

health minister. warns if the support comes with expectations. germany remains a strong supporter and a friend sometimes a critical friend but the strong friend of the w. h. of the still ongoing pandemic shows that an interconnected it will meet global level crisis management we need to strong efficient transparent and accountable w.h.o. today more than ever. and here in germany authorities have reimposed local lockdowns to stamp out a new virus cluster the outbreak was linked to a slaughterhouse in the state of north rhine-westphalia workers face poor working conditions that fueled the spread of the virus now many say their conditions under quarantine are also inhumane locked in and desperate 5 days ago these people were placed under quarantine to stop a corona virus outbreak that originated at

a local meat processing plant but instead of just ordering the close to $700.00 residents to stay indoors and practice so sial distancing the authorities barricaded them in. i feel like a pig like a pig in a small hole we have a family. farmer. officials say the fence is meant to give residents a chance to get fresh air while in isolation but it also means those infected with the coronavirus are quarantining alongside those who tested negative the living conditions inside the building smic disease control practically impossible. some of the apartments i lived in were very clean but there were exceptions as well it was always very cramped sometimes there were 1012 or even 14 people in a single flat. the 10 year slaughterhouses widely blamed for the outbreak that originated in their local plant

and led to the area wide lockdown authorities demand they take full financial responsibility for the crisis the company is currently providing food for their workers trapped behind the fences only a slight relief for a worried community. yet they ask questions of course and i would do that too if a fence suddenly appeared around my house for how long we tested negative why should we suffer as well they ask about tanya's and many also ask i don't work attorney as i work somewhere else why am i included to. our budget of chronic quite a few maternity job out of our notes moment by concerns that grow louder every day to make the situation more bearable for this neighborhood local authorities or building recreational areas and jason fields but to the hundreds of people feeling like prisoners inside their own homes this gesture is of little consolation let's bring in d.w.

political correspondent simon young who has more on this story simon we just saw their fences guards essentially stopping people from from leaving this facility why are the quarantine conditions there so different from in other hot spots in germany . sara that's true elsewhere people of been pretty much trusted to stick to the rules and only challenged if they don't the explanation for these drastic measures like fences seems to be that slow in this meat plant really are the hot spot in germany for corona virus at the moment more than 2000 people now said to be infected people linked to that meat plant so the local authorities really feel they have to do something and they also say there is a significant risk that some people may just disappear many of them are foreign nationals and might want to leave the country and if they did that that would make

the testing and contact tracing that the authorities have started there really very much more difficult and it would increase the risk of the disease spreading to other regions and that's something other states in germany are very worried about places like the very. lower saxony have already imposed quarantines on people arriving from low and the neighboring community of foreign doff as some places are making it illegal to offer accommodation to people from there austria has said you know it's issued a travel warning for north rhine-westphalia all of this i think helps you to understand why it's being taken so seriously and the company at the heart of this town yes what do they have to say. well they've been criticised for a long time for allegedly cutting corners in terms of living and working conditions for their workers and that is help spread the disease well the owner of the company

as issued an apology as a he'll do all he can to help people who don't provide them with food in the same chills until the quarantine is lifted hopefully at the end of next week you know i would say that there's real concern about conditions in the meat industry and we've seen various plants that have had outbreaks the government says it's going to in the real on its own cheap labor in the meat industry in the good news here is that the rate of new infections in goods is low is now falling simon young with the view from germany on the spike in cases meat processing facilities thank you. well now we had to africa where there coronavirus pandemic could erase much of the progress made in the fight against poverty in recent years this is the conclusion of a new study published by the institute for security studies i.s.a.'s and other organizations it says that densely populated urban settlements could make the continent especially susceptible to cope with 19 as social and physical distancing is often

difficult but the authors main concern is the expected fall in tax revenue and the economic impact that the crisis could have they fear a significant rise in the number of people living in extreme poverty and warn that the gap between the industrialized world and the african continent could widen. i'm joined now by jackie head of the african futures and innovation program at the i s. s. africa and one of the authors of that study welcome to the program and thank you so much for joining us we heard in the study that it warns that the pandemic could trigger a series of debt crises on the continent can you explain. yes dick you know africa has been increasing for several years and you know when you are growing at 7 or 8 percent debt may not be a problem but when growth rates in africa decline to 2 or 3 percent as we are

expecting then suddenly your a large deferred and becomes a huge problem so we think that covert 19 the global impact of covert 19 could mean that the debt crisis could become the dic problem could really become a crisis so african governments all borrowing additional money to try and deal with the impact of covert but. the i.m.f. reckons that africa needs about $114000000000.00 u.s. dollars to deal with debt and it's nowhere near getting that so they are quite concerned about the impact that this could trigger a possibly right limond as the g 20 has already acknowledged for a some type of debt standstill or maybe even debt forgiveness and we've heard that warning those protections that millions in fact could die due to the pandemic in the next decade but not only from cova 1000 so just walk us through how. ok so there are 2 mortality implications from covert the one is people dying directly

from kovac the 2nd is people dying because health expenditure declines poverty hunger initially depending on on whose figures you believe a few africans are going to die but our mortality for costs are on deaths in africa directly due to covert is quite low africa's got 1300000000 people and you know worst case we are estimating that over a long time arisan you know 2 or 3000000 africans may die directly from covert but over the long term horizon if growth force then many more africans might die because health expenditure government expenditure social grants or go down and that's really the main concern that the economic in consequences of covert not the virus directly could really have quite severe consequences if we don't get economic growth returning quite rapidly so so many knock on effects their potential

knock on effects but you know in your study you also really presented a silver lining you called the crisis an opportunity for sustainable economic transformation that sounds really hopeful how can the coronavirus be an opportunity in your view. well i think africa needs to focus. and we've already seen the lock down and all these policies and strategies are changing the way we work in europe and in africa and it allows us to more rapidly digitize african economies and because we come from a low base and because mobile phones and internet to spreading really rapidly in africa strangely enough this does provide an opportunity maybe to benefit from the many advantages that the digital economy the 4th industrial revolution provides to formalize the informal economy and all kinds of opportunities that too we believe could maybe help africa to over time to more rapidly move into

a digital world in the sense leapfrog and there are other opportunities like the effort implementation of the african continent or free trade area and we hoping that gaudron actual fact focus the minds of african leadership yaquis soleus from i.s.a.'s africa thank you so much for joining us with that call to action today well now let's bring you up to speed with some other developments relating to the coronavirus pandemic the european health care regulator has recommended the drug called disappear which has been shown in trials to speed the recovery time of covert 19 patients it is the 1st such medicine to gain agencies go ahead the number of cases in indonesia has surpassed 50000 this at a time when the government is allowing businesses to reopen australia's 2nd biggest city melbourne has started a testing blitz in designated hot spots workers are going door to door to test more

than 100000 residents and in the netherlands the government has announced a relaxation of measures high schools are reopening sports fans can return to stadiums and sex workers can resume their trade. well we want to bring you some breaking news now this is the news that we have been waiting for 4 hours live tons of shareholders have reached a decision they have voted in favor of the german government's 9000000000 euro rescue package for the airline that means a potential collapse of europe's largest airline has now been averted now the government bailout will make the taxpayer the biggest shareholder of germany's flag carrier with a stake of 20 percent that means that it would have the right to veto in the event of a hostile bid for the airline this is something that worries critics of the bailout the government says that it would only be a silent participant in the airline's operations. let's

get more now from business reporter rob watts who is joining us to break down what exactly this is going to mean for the times because really massive implications for this company and its future here saluki this is a big decision i mean beforehand the management of lockdown says c.e.o. cost and ball had said to shareholders he pleaded with shareholders to back this deal saying that they were voting on nothing short of the survival of the times and this was not a foregone conclusion up until last night it seemed like the dunces biggest shareholder before this bailout kicks in. who has a 15.5 percent might vote against it and that would've been enough to scuffle this entire bailout but last night he said actually i am on board with this will folks in favor and it does mean a great deal for lifetimes of because it can now start to work out how to survive this crisis and the big sticking point was really the fact that now the taxpayer

will be the largest shareholder and obviously that will have massive implications for control over decisions also like what is happening internally within the company won't it well it will i mean the german government has promised not to interfere too much but. you know that depends on how much you trust the word of the german government on that but it was the big sticking point as you say it's strange actually this is a 9000000000 euro arrangement but the bit that has been the main sticking point is actually accounting for about 300000000 euros about not the 300000000 euros that the german government is paying for this 20 percent stake some shareholders say you know that is a discount of price for the german taxpayer and they saying well you're selling us short we could maybe have held out for mole but that is what's happened in the end they've enough to come on board to see this through how do you think that this that this news is likely to bury received here in germany because if you love tons of course a massive company within the country there are so many jobs which are dependent on

it so how do you think the tax payers for example will react to their money being used in this way i'm sure it's one of the big german brands in the taxpayer has potentially the chance to benefit from this investment you know they've bought these shares at a discount of price so if the turnaround works and the share price continues to rise as it has done today then they will start to see some benefit from that but other people who will be relieved here are the staff of tons of dunces already said that it's potentially going to cut $22000.00 people if it were to go into insolvency that figure could rockets to a much higher level so they'll be a lot of relief around this ok just to recap our breaking news rob watts that you have been breaking down for us a live tons of shareholders have voted in favor of the german government's 9000000000 euro rescue package for the airline thank you so much for putting it into context for us. well now we have some football news to bring you

now because liverpool are one step closer to clinching their 1st english league title since 1900 that is after beating crystal palace for nell on wednesday liverpool could become champions if manchester city fail to win at chelsea today if city when you are good cops men could finish the job with a victory in their next match liverpool have a 20 point lead over their rivals and the league title would put an end to their 30 year wait he said the numbers to make how much this team wants it should not this is the really wanted i want to. fulfill the wishes of the people at all. we have all the common dream and be have to work for it. football world governing body fifa has selected australia and new zealand to host the 2023 women's world cup over rival better colombia to join. the financially more viable choice the

countries were also praised for their handling of the coronavirus and this is the 1st time that the region gets to host a women's world cup the vote went $22.00 to $13.00 in australia and new zealand's favor. well if you're feeling fit head to the eiffel tower in paris which has reopened after its pandemic closure lifts remain out of action because they are considered a health hazard but determined visitors can climb the stairs that's just under 700 steps to the top managers say that they hope to get operations fully back to normal later in the summer but for the time being that magnificent view will take a lot of sweat. a quick reminder of our top story at this hour some breaking news to remind you of the shareholders have voted to approve a 9000000000 euro bailout the agreement would see the german government take a 20 percent stake in. before the vote company's managers said that it was facing

imminent bankruptcy without a rescue. that europe today i'm sorry thanks for watching take care.

society faces a coronavirus meltdown is the crisis also and. it's focused attention on the problems of. labor shortages overstretched health care spotty internet access. is it time for a major briefing. made in germany. next on d w. o. my

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