remember you can always get the ladies at d w dot com and don't forget to follow us on twitter and instagram as well as you news i mean thanks for watching. this story a stubborn rice farmer from thailand. is full bloom. is crito no chemicals his wife thought it was crazy. and. strict.

orders. don't stand a chance. duck it. starts to lead to something. coronavirus takes a strong a grip on the united states and its economy because the u.s. post. case figures data suggests its g.d.p. fell by more than the 1st during april to june. about them it has also hit. we'll hear from businesses that desperate for help. meanwhile cash is also a problem in cuba find out why that welcoming american dollars.

this is deja vu business i'm robots in berlin it's great to have you with us the international monetary fund says the united states economy shrank by 37 percent during the 2nd quarter the i.m.f. expects coronavirus shutdowns to cause a 6.6 percent contraction in u.s. g.d.p. for the year it's also where the biggest threat to the country's economic recovery is another resurgence of the virus meanwhile the u.s. has just posted another record number of daily cases more than 77000. but let's get more on this from our financial correspondent in new york jose luis de haro jose what else has the i.m.f. had to say on this. many many additional risks on the horizon for the u.s. rob and among those are what defined calls systemic increase in poverty in the world the largest economy in vienna the current crises heating the poor

americans and right racial minorities the hardest but i'm not only dad as a scholar spending balloons. he's also getting a very worried about government and corporate debt levels and also 2 recommends biggest door to reverse a trade restrictions and tirades and also warrant against that thinking of undervalued currencies abroad as subsidies so so it seems that there is a still of very tough road ahead for the u.s. in the coming years yeah i mean in america the daily virus cases continue to climb the easing of lockdowns being undone things likely to get better or worse for americans in the coming months. it will depend on several factors rob i would say like the most important aside from of finding a vaccine it's more stimulus from the usa government some of the measures

implemented to help us think consumers are set to expire by the end of july or even in the coming months that's when the northerners the preschool clip to top it all gets less a help of from the government they're less help they will have far too hard to feel financial commitments so that means more defaults and credit losses for banks financial correspondent jose luis tahar in new york thanks for joining us now as the e.u. discusses how to get europe through the coronavirus crisis one of the countries saying it's most in need of financial help is italy it was the 1st european nation to take the full force of the virus and businesses there are still feeling the shock. southerner philine restarts her coffee machine once again. it fell silent 3 months ago when her peace throw in the northern italian port city

of tranced was shut down by the corona virus pandemic. her business has been hit hard she can no longer pay her employees and although more was promised she was only given 600 euros state aid. yeah but always been a lot of talk but very little action both the regional and federal governments promised grants we would have to pay back but we only received very little money. so i said that a joint account and. the same is true for many restaurant owners entranced the italian government has distributed $500.00 euros credit to low income families in an attempt to support the tourism sector. the goal of the handouts is to repopulate the beaches. toward the nonette about an hour's drive from tree asked furniture factory ill come shut down production for about 4 weeks due to the

pandemic so far none of the workers have contracted covert $1000.00 still sales have dropped dramatically. owner pierre luigi's imo has chilled wine in preparation for an in-house trade fair he plans for october to present new products to customers he's applied to his bank for a bridging loan backed by the state to secure his liquidity but it's been weeks since he submitted his request and he has yet to receive a payout. is his big void that a lot of managers they have it all survived the war came about i think at the end this is also his cue to postpone the situation and that is all values but this is what is israel is happening italian banks were already battling a credit crisis before the pandemic struck and are highly reluctant to lend right

now trialists deep sea harbor normally serves the region's economy well but the pandemic has hit local export oriented businesses hard they're hoping for substantial aid from brussels. i think there should be direct intervention from the european commission should provide direct funding for major projects to improve infrastructure. and further develop technologies in the digital transformation of industry 4 point out that left at the gate restaurant tourism 3 asked hope that you funds will pass them by either bistro on or savina pulling has almost given up hope of ever receiving adequate italian state ain't to stay afloat. next to form a senior executive it german payments processor why a cod has confessed to his role in a multi-billion your a fraud that's according to lawyers anyway you say the man was c.e.o. of card systems middle east that's why i call it the largest subsidiary he was

arrested in munich last week the scandal revealed and the a 2000000000 euro hole in one finance is leading it to file for insolvency last month is more from our financial correspondent. the former senior executive was confessing to his individual responsibility we don't know exactly what he's confessing to what crimes what actions but whatever he says to the prosecutors could also shed light on the actions of others involved in this crime in this council that would be judicially and politically very important meanwhile investors the public politicians were aghast that even with all that has happened it why are carted still in the docks well the door has now announced that that could soon be over that chapter. changing the rules in the market participants agree to the change of rules for the wire cart could be out of the docks in mid august. now some

of the other global business stories making news the french prime minister says the country's controversial pension reforms we put back to at least the end of this year the visas led to weeks of protests and crippling strikes with unions arguing that members would end up working longer the reforms are being delayed because of the economic fallout from coronavirus. rich airways is retiring its entire boeing 747 fleet as it struggles to deal with the shutdown to end travel be a have wanted to phase out its $31.00 jumbo jets 2024 is the latest in a string of allies that have said goodbye to a plane that's dominated that travel a half a century. and piracy in asia has doubled over the last 6 months they suggest that with 50 incidents in the 1st top of the year it's thought more people are turning to the crime after losing their jobs during the coronavirus crisis. now the cuban government is to allow why do use of the u.s.

dollar it's dealing with a major economic crisis that has led to shortages of goods the communist countries heavily controlled economy was struggling with u.s. sanctions and the economic collapse of its ally venezuela even before the cover of $1000.00 pandemic made things so much worse currency is complicated in cuba the communist state has to pesos and convertible pesos but it's u.s. dollars that people really want they are needed to pay for foreign goods vital in a country beset by shortages to that end and the government has widened the category of products dollars can buy. it has also removed a 10 percent tax on their use. of better seething ill go despite the hostility that persists in the united states government with the implementation of measures that intensify the economic blockade. it has been

decided to end the 10 percent tax on incoming cash dollars to the banking system and if they were going to stand with them up front got it. but not everyone here has access to dollars tourism is at a standstill due to the pandemic while many u.s. firms are banned from doing business in cuba. now the issue now was where are we going to get u.s. dollars we're a country that is under a blockade where will the dollars come from foreigners aren't coming in there is no way of getting u.s. dollars. this is the for those who can get them though this is good news and not just because of the tax code for now only goods such as home appliances and cars could be bought with them now it will include food. and finally anyone who like me has accidentally left a bag of them at the back of the cupboard for too long will know that coffee grounds are

a great place to grow fungus well one belgian business has managed to monetize that fact and cut down on waste while they're at it employees at funky told the cafes of brussels collecting old grounds to use to grow mushrooms they're produced in a massive cellar in what used to be the city's royal warehouse and then sold on to organic restaurants. and that's all from me and the business team here in berlin you want more from us to check out our website www dot com slash business we're also on facebook and twitter thanks for joining us and take.

in the. name of my 1st husband once being life on mars the new rover is about to head that to look for traces. it's an incredibly complex machine packed with amazing research equipment. we talked to 2 scientists from germany working on the project. to go to. the next bomb d.w. . behind the facades empty must go sleep quiet.

the global art scene has been devastated by the pandemic and there's little sign of the asylum. now on systems coping with the crisis. go to the cities around the world to find out. the marks trying to. get 30 minutes on d w. 4. we know that this is very time for the coronavirus is changing the world changing our lives so please take care of yourself keep your distance and wash your hands if you can stay at how we do w. me for here for you we are working tirelessly to keep you informed on all of our

platforms are all in this again run together make it. so you see everybody. stay safe the priest is to say. is the universe expanding ever faster or maybe you know. what role does dark energy play. into what is a supernova and how is it formed. this time we look deep into space with the buddhist telescopes that science has to offer. well come to you tomorrow today.