knowledge and belief trust and deception democracy a good go will be charged your 1st g.w. . this is news live from bird land shareholders vote to throw the book talks a 9000000000 euro lifeline they overwhelmingly approved a press q do you know that will see the german government take a 20 percent stake in me on the line of talking to has been battered by the coronavirus crisis and was facing in that in bankruptcy. also coming out workers linked to a clone a virus outbreak of a german slaughterhouse called their quarantine conditions inhumane. procedure i

feel like a pig like a pig in a small hole. more than $700.00 people are living behind these fences it's a forced lockdown that has trapped the sick and the healthy together and a new report warns that the pandemic 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 we begin with breaking news lufthansa shareholders 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. for the time

being while the government while the government bailout will make the german taxpayer the biggest shareholder of the country's largest airline with a 20 percent stake left has struggled to stay alive as the coronavirus crisis disrupt air travel across the globe the shareholders weren't exactly happy about it but you turned it it was bankruptcy for the company and its 138000 employees the reason was clear. we have run out of money well living from the reserves was set aside in good years without support bankruptcy is looming earlier in the day the european commission approved the rescue plan then the shareholders gave they have blessing including lufthansa's biggest shareholder billionaire heinz him until who had been skeptical the deal clears the way for a 9000000000 euro government rescue plan the state will receive 20 percent of lufthansa shares berlin can also increase its stake to avoid hostile takeovers it's

a heavy price to pay. the stabilization package is not a gift we have to work hard to pay it back it will be an enormous burden to pay the interest and pay back the loan. this is particularly true because no one is expecting a speedy recovery in the aviation market 80 percent of lufthansa's airplanes are still grounded experts say it will be at least 3 years before the crisis is behind the industry and things will be different and the climb will be a smaller loved ones a group then with around $100.00 fewer aircraft and a much slimmer structure to the tons has already closed some of its subsidiaries and has warned it will have to slash thousands of jobs the company is negotiating wages with unions cabin crew have agreed to take a 17 percent pay cut you know coronavirus crisis pilots will have to make similar

sacrifices. and more now with business reporter rob watt so a big sigh of relief here. undoubtedly i mean the management of towns are ahead of this vote were practically begging the shareholders to back this 9000000000 your a package saying that they were voting on nothing short of the survival of the dances so they'll have been very relieved to see shareholders vote overwhelmingly and i mean overwhelmingly 98 percent in favor of this bailout package so there will be a great deal of relief in fact we heard that already a statement from lufthansa saying that they fact the shareholders they promise to make this work what's in the package well so we talk about the 9000000000 well 6000000000 of that is just money that the need to survive you know it's losing a 1000000 euros a day according to the company itself there's another $33000000000.00 even which is guarantees on public land so you know getting money it's not just from the

government but the governments from the county it but a key part of it is just this 300000000 euros that the government is paying to get a 20 percent stake in lufthansa so shareholders are having their essentially diluted side is a result of that but it means that the government if it wanted to could get a little bit more involved in the running of the towns and not everyone is happy with the arrangement that will absolutely not someone who particularly against it is the c.e.o. of ryanair who said that this is absolutely out of order is completely unfair that an e.u. member state is flouting competition rules to bail out an airline that's not in enough trouble to need bailing out like this according to him so he's actually planning to contest the use approval of this deal which came today as well as the shareholder approval and of course there are those shareholders who are a little bit wary about giving away too much control to the german government i've watched from the business thank you mark.

and let's take a look now at some other news stories from around the world german financial service provider wire card has filed for bankruptcy after disclosing that almost 2000000000 euros vanished from its books the company's former c.e.o. was arrested auditors say that there are clear indications of an elaborate fraud extending around the balls. the health minister of the democratic republic of congo has announced the end of it's a bowl epidemic calling it the longest most complex and deadliest epidemic in the history of the nation it began in august 28th and went on to take more than 2000 lives there more than 300000 people were given experimental vaccine. the european health care regulator has recommended the drug called from disappear which has been shown in trials to speed the recovery time of covert 1000 patients

it's the 1st such medicine to game the agency's go ahead. indian authorities are launching a massive coronavirus survey of the entire population of delhi the capital of 29000000 people by july 6 delhi has become the worst hit city in india with more than 70000 cases. 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 that 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 we have a family. official 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 buildings make 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 are building recreational areas unchastened fields but to the hundreds of people feeling like prisoners inside their own homes this gesture is of little consolation . and meantime in africa the coronavirus pandemic could erase much of the progress made in the fight against poverty in recent years this is a conclusion of a new study published by the institute for security studies i s.-s.

and other organizations it says densely populated urban settlements could make the continent especially susceptible to covert 19 as social and physical distancing is often difficult but the authors main concern is the expected fall in tax revenue and the economic impacts the crisis could have if you're a significant rise in the number of people living in extreme poverty and war in the gap between the industrialized world and the african continent could widen. i'm joined now by. 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 a super cent 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 that the debt 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 us dollars deal with debt and it's nowhere near getting that so we are quite concerned about that you fact have this could trigger a possibly right wyman's as the g 20 has already acknowledged for 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 covert the 2nd is people dying because health expenditure declines poverty hunger initially depending on on whose figures you believe were 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 arise and 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 a sense leapfrog and there are other opportunities like the effort implementation of the african continent or free trade area and we hoping that code will national fact focus the minds of african leadership. from south africa thank you so much for joining us now with that call to action today. and finally some sports news the governing body of football fifa selected australia and new zealand to host the 2023 women's world cup over rival bettors colombia the joint bid was seen as the financially more viable choice the countries were also praised for their handling of the coronavirus pandemic this was the 1st time that the region gets to host a women's world cup the vote went 22 to 13 in australia and new zealand's favor.

a quick reminder of our top story this hour lufthansa shareholders have voted to approve a 9000000000 euro bailout the agreement would see the german government taking a 20 percent stake in the tongues up before the vote company managers said it was facing imminent bankruptcy without a rescue. and the fact you're up to date. don't forget you can always get more on our web site www dot com and you can also follow us on social media to take care. of combating the corona pandemic. where does research stand. what are scientists learning. information about. our corona. from the covert 19 special the next on do you.