resistance of the air of one area said to have the highest concentration of dolphins. thank you to full sight all this is good of you live from berlin stay with us business is up next with critical. we know this is a scary time for the coronavirus is changing the world changing. so

take care of yourself keep your distance wash your hands if you can day and how we are g.w. for here for we are working tirelessly to keep you informed on overplan who. are all in this. together and we're making. you see everybody. stay safe stay safe increase in stay safe. the outlook for tour operators has been anything but sunny and now a german british heavyweight to the announcer's huge losses and a big government bailout as tourists stay home to sell also on the show to haunt was the 1st place having to deal with the coronavirus chinese city is also one of the 1st to go back to us. some degree of normality what can the world learn from

the us and we'll take a closer look at why owning a home has become pretty much impossible for many people in south korea. i'm chris cuomo welcome to the program. one of the world's biggest tourism companies lost more than 1400000000 euros in the past quarter the year earlier the german british travel giant earned 23000000 euros to you depends heavily on summer bookings so the coronavirus couldn't have come at a worse time its troubles began in march when countries began closing borders as the virus spread throughout the world yesterday said it will receive 1200000000 euros as part of the german state loan to supported through the crisis. let's get more now from our financial correspondent on advice from frankfurt. other than that loss which was to be expected what sticking out to you in this earnings

report. well actually if you look through the numbers what we really expect the revenue with declining eye has declined by 908 chris and that 2nd quarter that was the quarter which started in april through to the end of june so literally that was the worst impacted. order from the coronavirus prices so what they also saying what i think is why telling that they only 16 percent off their capacity for the thumb up here is actually now book so it is a very difficult time for 2 weeks in the difficult time to receive an additional 1200000000 euro state loan to support the company you throughout this crisis how long will that help. well that remains to be seen analysts expecting that only the company is running. through $500000000.00 cash each month whether

this is also true from july on earth remains to be seen but that was the case during the height of the crisis but of course to a needs a lot of cash and still is facing quite a lot of free and births men's and all i guess depends on whether we gonna see a serious 2nd wave of the crisis hitting is specially the holiday reachin and there are signs now that we have an uptick in infection staff also on the islands for example so there are still a lot of clouds on the horizon i guess and speaking of these rising infection rates in many popular tourist destinations how's going to cope with the. who is saying that this year of course is a very difficult year and next here will be a transition year and they only think that normal travel levels will resume and by

2022 so they are saying they are well prepared for even if there is a new 2nd wave of infections coming with cash now which they have on the rescue package so all in all as i was saying next here capacity planning is already down by 20 percent so they are only slightly optimistic on advice from a friend for thank you. the central time the city of god was the place where the then new coronavirus 1st appeared from there it spread across the globe bringing with it the dangers problems and life changes that we're now dealing with every day is also one of the 1st places to go back to some degree of normality and could provide a picture of what the world should prepare for in a recovery from endemic. for 76 consecutive days between january and april human activity was curtailed to a remarkable degree in this city the recovery has been long and complicated and

outbreak of covert 1000 in may lead to a brief 2nd lockdown within 2 weeks 11000000 residents were tested hasn't reported a single new case of the novel coronavirus since then even with businesses open again the economy has been slow to return to something close to normal people remain wary of using public transport but on the flip side demand for cars has increased. torrential rain and flooding this summer and who by province have also affected the fragile recovery in the rural region around. but week by week things are looking brighter. the city is a manufacturing hub and trade has increased sharply since may boosted by demand for protective gear and medical supplies. the streets are busy again and people are

back spending money. the city's nascent recovery may hold lessons for other post lock down economies. government stimulus schemes through shopping voters and tax breaks are encouraging people to spend beijing is also trying to bring investment back to the city but perhaps the biggest lesson lies in the mass testing program that more than anything else has given the city's citizens the confidence to venture out again i'm joined now from beijing by adam danette is the secretary general of the e.u. chamber of commerce in china welcome to the program adam. how much of prepared demick life has returned to. well you said earlier some degree i would say a good degree of normality i was speaking to my colleagues in. earlier today and they were telling me how they're in the process of launching tourism campaign whereby they opened up the parks in the scenic tourist places making them free and

inviting people from all around china to come and visit will and that's the degree of confidence that they know how how would you characterize what hons recovery so far it's been. it's been a real miracle actually i mean people have really really fearful but many people in the land now they have they've been wounded for more they've been through but they have a good degree of pride as well. and people can move seriously here and since i'm probably the nicer oh ok adam we're having some problems with the line there we're still trying to stay with you. yes i can adam what sort of changes to people's prepared demick live have actually persisted. ok good question so

people are still wearing masks you see that on the street people are still using q.r. codes to enter buildings and to restaurants people are still being very cautious and making sure that they're washing their hands and making sure they maintain high high strong hygiene levels i'm testing is available and people are concerned and probably the biggest thing that we're focused on now is the quarantining we have many many europeans are trying to get back to china and they've been stranded overseas we've got anywhere between 15 and 20000 europeans that are trying to get back here and what we're trying to do is facilitate the visa process for them to come back and be tane their business is now we mentioned the testing in our report the city government had all 11 millions residents tested after a 2nd flare up in may what impact that that half. i think abroad to a lot of confidence i mean people were scared and nervous at 1st but outside my own home i could see people lined up around the block and they were happy they started the service of anybody in the service industry was being tested and then anybody

going into any hospitals or any testing so i've been tested multiple times my colleagues have been tested it's it's no big deal now and we get the results back up very quickly within 2448 hours and again with this q.r. code testing system that they have i think it gives people a good degree of confidence but other people but again the major issue for businesses here right now is what's going to happen next because as i said these europeans are sent overseas lead teacher stranded overseas as well so the international schools we're really concerned that they're not going to be able to start disturbed amber because the teachers are back at the teachers aren't here the families are going to want to come back and it will actually leave because of it at a minute secretary-general of the e.u. chamber of commerce and china thank you for talking to us for thank you and in south korea now the cost of buying an apartment in the country is spiraling

out of control the government has implemented several new real estate policies aimed at calming the market of those moves have largely failed to address supply and demand which is also influenced by foreign buyers. so 3 is middle class ideal includes owning your own home but since 2017 the cost of an apartment in the capital seoul has increased an estimated 50 percent pushing homeownership out of reach for many. the right to purchase an apartment in a new development is most often determined by lottery with the prices fixed some of these units have nearly doubled in value over the past 3 years even before the new homeowners have moved in the government has issued $22.00 new real estate policies aimed at curbing speculation mostly by raising taxes measures which have largely failed and with several liberal lawmakers found to be multiple homeowners even

those that advocate increased taxation on real estate heaped criticism on the nation's leadership. and the government implemented a lot of counter measures but it was too complicated and not really powerful it made people think that the government would not reduce housing prices suspect that they actually accepted increased housing prices and so there's been a recent fall in government approval ratings in. observers do agree on a need to provide more affordable housing in to decentralize as 50 percent of south koreans live in the sole area still critics argue the current liberal ruling party is just playing short term populist politics. the government thinks of housing policy as a kind of housing politics to rally their supporters they regard people with has as bad and those without houses as worthy of pity and good and provoke class conflict

in a tax boosting policy underestimation the side effects on foreign investors also influence rising prices here with chinese buyers making more than 60 percent of foreign purchases and its record foreign buying this year liberal lawmakers are now considering a 20 percent foreign purchasing tax. and finally a signed baseball card featuring mike trout of the angels has been put up for auction with bidding starting at $1000000.00 that's a tidy profit for so-called vegas dave a sports betting consultant who said he bought the card for 400000 bucks 2 years ago. thanks.

grand vision. grand deceptions. the perpetrators call from the boss. they promised huge profits for everyone.

for himself. and inside towns made in germany. she could. go for over a mention on the force and. the valley that the last dragons in this world has called the hard 3 years and i. think the big shriek shoulda stoss only that way will your chief anything in life well that's the kind of advice you often hear in the world of business but beware.