to the. discovery. subscriber. documentary. the outlook for tour operators has been anything but. german british heavyweight. big government bailout as tourists. also come to know that was the 1st place. chinese city is also one of the 1st to go back to some degree

of normalcy. from. owning a house has become pretty much impossible for many people. welcome to the program a 98 percent drop in sales that's hard for any company to take with travel restrictions during the coronavirus pandemic lock down and many people still feeling uneasy about boarding airplanes a big quarterly loss for tourism had been expected but 1400000000 euros nevertheless is a staggering figure just yesterday to your received state aid to a similar tune and despite that the look ahead is much more promising. bridge packed with tourists.

3 months ago the pandemic a devastating blow to the tourism industry. and . many have stayed closed. it cannot disappear from the list of tourist destinations in europe. despite. the city of complaining about overcrowding hotels are barely 20 percent. among the most important destinations for the german british travel company last quarter to 1400000000 euros and with people keeping away from hotels and cruises it expects much more ahead. and even measures designed to fight the coronavirus are

taking their toll 2 weeks ago as a british government announced that everyone returning from spain will have to undergo a 14 day quarantine. that's caused a massive wave of cancellations we can say goodbye to all the reservations from the british market for the next few weeks. this summer's holiday season is already the worst since the end of world war 2 but as to who has shown it's an expensive wait for things to improve. let's bring in our financial correspondent on the device frankfurt here now to is this quarterly earnings report as dismal as a 1400000000 euro lost suggests well actually it is the worst quarter for tooley and just look at the revenue line found by 98 percent so it was a very grim

a quartet because clearly if the months from april to june where the month with like this c.v. year is locked down in all the holiday destinations but also. even in countries where people which travel from so i guess yes it is a very grim what and the outlook is also not great not too we received a 1200000000 euro loan from the german government just yesterday how will all along will that money last helping the companies through this crisis. actually the c.e.o. of 2 is saying that money is enough to even bother the storm off a potential 2nd wave so i guess $2.00 is adjusting their capacity tremendously that cutting costs already announced that they are cutting as much as $8000.00 jobs were added wide so for example they went to capacity is getting reduce already now by 40 percent and also next year is somehow capacity is already reduced by 20 percent and

they are saying that they're not thinking that normal travel volumes will resume before 2020 tool nevertheless 2 operators have been saying that bookings are picking up slightly at least now that slight recovery could be under threat with all the infections on the rise in spain in. france and germany as well. yeah exactly based her at that just now when the u.k. impose the travel warning for spain immediately the company faced a lot of cancellation and that's of course a major risk for a tour we and for all of these early bookings we are now seeing for that season the moment there's a travel warning for a country people well and have the right to cancel their bookings and they most likely able to do that so that slight uptick is actually just a little bit of

a civil lining on the horizon and the device problem frankfurt thank you. and now to some of the other business stories making news the european union says of still hopes to strike a deal with the united states over the issue of aircraft levies the u.s. announced yesterday it would maintain a 15 percent tariff on airbus planes the longstanding dispute is connected to the boeing airbus rivalry the u.s. says airbus received too much european state aid. air be in b.'s revenues fell by 67 percent in the 2nd quarter compared to the same period last year the home sharing platform has been hit by the squeezing global tourism caused by the pen demi but it's still considering an i.p.o. before the end of the year. the central chinese city of han is the place where the then new coronavirus 1st appear from there it spread across the

globe bringing with it the dangers problems and life changes that we are now dealing with every day one is also one of the 1st places to go back to some degree of normalcy and it could provide a picture of what's in store for the world trying to recover from dependent pick. for 76 days between january and april human activity was massively curtailed in this city an outbreak of covert 1000 in may lead to a brief 2nd lockdown within 2 weeks of that 11000000 residents were tested hasn't reported a single new case of the novel coronavirus since but people remain wary of color transport on the flip side demand for cars has increased. government stimulus schemes for shopping vouchers and tax breaks are encouraging people to spend and the streets are busy again. beijing is also trying to attract investment back to the city. but perhaps the biggest lesson for other post locked down economies lies

in the mass testing that more than anything else has given citizens here the confidence to venture out again. i'm joined now from beijing by adam the net is the secretary general of the e.u. chamber of commerce in china from the program and how much of prepared demick life has returned to. what he said earlier some degree i would say a good degree of normalises you know speaking to my colleagues in new earlier today and they were telling me how they're in the process of watching tourism campaign whereby they opened up the parks in the scenic tourist places making them free in writing people from all around china to come and visit with her and that's the degree of confidence that they know how 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 are meeting 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 corn sheening 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 businesses 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 have. i think abroad to a lot of confidence i think people were scared and nervous at 1st but outside my own home i could see people lined up around the block and they were having 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 were really concerned that they're not going to be able to start to september because the teachers are back at the teachers aren't here the families are going to want to come back on to the lucky lead because of it at a minute secretary-general of the e.u. chamber of commerce and china thank you for talking to us for home few words are as heartwarming home means safety comfort and ideally dinner in south

korea owning a home has become virtually impossible for large sections of the population with prices for apartments spiraling out of control government interventions that are well intended but have been able to cool down a red hot market. 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 lauder e 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 observers do agree on a need to provide more affordable housing in to decentralize as 50 percent of south koreans live in this 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 that's a show i'm chris cobra bill and thanks for watching ever solve it successfully.

combating the corona pandemic. where does research stand. what are scientists learning. background information and news of. our corona update. covert 19 special next on d w. how does

a virus spread. why do we panic and. transmitted through the tap. and weekly radio show is called spectrum if you would like and the information on the coronavirus or any other science topic you should really check out our podcast you can get it wherever you get your podcast you can also find us at d.f.w. dot com slash science. the coded 19 pandemic isn't slowing down. and there is only one hope to end it at that scene. but news of russia granting regulatory approval to a covert 19 vaccine has been received with skepticism. i hope that the russians have actually definitively proven that the vaccine is safe and effective i

seriously doubt that they've done that. and what about the other scientists across the world what's their research showing and when will they be ready. welcome to you covered not in special news i want to go johnsonville and as always good to have you with us now normally it takes years to develop a new vaccine but in times of this pandemic it can go fast enough not only in russia is a quick look at where we're at. a little pinprick but it brings high hopes with it inside the syringe of vaccine from the cure of a company it's designed to imitate the corona virus in the body to provoke an immune response about 200 people have volunteered to take part in the trial. so controlled this way i can do my bit to help defeat the virus 10 companies in germany are currently working to defeat the.