i can't guarantee the festival take place in my next year but i insist 2021 will happen special or not. this is deja vu news live from berlin up next your business news was over i'm brian thomas thanks. i'm not laughing. because sometimes i am but most and nothing with. think deep into jamma culture. think this grandma gail sheehy because it's all that. time rachel join me live on t.v. . it was the 1st international tribunal in. the nuremberg trials. 75 years ago

a high ranking officers of the nazi regime mourned jointed by the allied forces. they were the 1st war criminals to be held accountable for their crimes. our 2 part series the 3rd reich in the dark starts nov 12th on d w. 4 a rough touched out in an industry body warns that almost $200.00 european airports are in danger of going bankrupt in the coming months as de coronavirus pandemic keeps battering the aviation sector also coming up with negotiations over a trade deal between britain and the european union stalled fruit farmers in belgium are asking themselves what sort of ugly dense a no deal breaks it might leave. program

we start with fresh figures from germany's largest financial institution large bank has a 309000000 euro profit in the 3rd quarter of the year it's sorely needed good news for the bank which had a disastrous year of 1000000000 euro losses in 29000 analysts warn the current news may be short lived though as the ongoing pandemic could reduce business but will need to pay back loans to the bank. these figures just minutes old conrad who isn't as our financial correspondent in frankfurt corette a quarterly profit of 309000000 euros substantially more than expected tell us more about. yes it's really substantially more chris what's most striking is that the part of the business at the bank which had been such a big problem in recent years investment banking is now the driver of income and

revenue for the bank you know during the corona crisis is has been high volatility on the markets it remains very high high uncertainty prices very shaky and this has boosted demand for trading services and any kind of investment banking activity that's really striking that's a change in this part of the business of course we shouldn't forget to say that those bank is still sitting on the huge bad bank of acids dating back to the years of reckless investment banking and it's unclear how much of a problem this might still become so investment banking looking strong but what about what about the other part of dodgy banks business the retail banking. well this is the part of the business where cost cutting remains the main driver deutsche bank continues to close branches here in germany it's also trying to sell

pot of its i t v so the huge restructuring process at deutsche bank is far from over the share price back has recovered somewhat this year but analysts. still despite today's good news about the earnings report very reluctant to be very. obviously positive about the share on a booze and frankfurt thank you. to the aviation industry now and the sector is still wrestling with the consequences of the cove of 19 ben demick by year end germany's largest airline move tons of will operate just one quarter of the flights compared the time before the coronavirus air france cayle ambra and british airways also reducing their schedules airports or also the european airport body 8 c. eyes as the number of passengers of europe's airports fell 73 percent in september

compared to the year before $193.00 mainly small and medium sized airports are in serious danger of bankruptcy in the coming months if passenger traffic does not recover the body warns in these airports provide 277000 jobs. let's get more and that's but remodel. is a senior lecturer in air transport management of cranfield university in the u.k. welcome to the program ramana many of these airports in danger are regional ones tell us about the particular challenges these airports and season. good morning well the main challenge for regional airports 1st is a quite small in terms of their traffic bowling and really. push to survive they've got to be really humbling lots of passengers and the breakeven for airports as well

as run about a 1000000 passengers a year so if you're hunting less. and you're a risk of losing money it of course the fact that they drive a truck at bolton for not makes more more airports commercially and. below 'd that $1000000.00 breakeven threshold now so they go bankrupt what would such a wave of insolvencies mean for the european aviation sector. well huge i mean you need the airport infrastructure for 'd trunk air traffic movement social suspension the air transport system the other fics of course will believe that those airports and also for regional economies and for cities to lose connectivity the ability to connect themselves with less of the world so the

partly question and if many airports actually do go bankrupt as a result of the pandemic now the european airport body. says instead of imposing quarantine measures on travelers european nations ought to extend testing of travelers now amid these exponentially rising cases in europe and that's a pretty desperate cry isn't it. it is but it's one of a number of measures that. airport. will be calling for certainly the ability to establish a proper testing regime here ports. work for for trouble to keep everyone safe enough facilitates growth as well that they're looking for so it is a cry for help but that's not the whole that can be done there are other measures

potentially that could be implemented including getting more support from governments for example keep those airports going. now many regional airports here in germany had already been facing financial problems even before the pandemic oftentimes the regional governments need to subsidise could one also see this as somewhat of a healthy cleansing of the market. you could look at. i mean regional airports that she come under pressure in recent years not just in germany but you know u.k. and in other markets. the blue for regional airports and much stronger before 2000 insensate it's really not being especially robust i'm certain in the last few years. it's become a bit more tricky for regional airports to survive. so 'd you could you could see the situation where there are maybe fuel regional airports but they are still quite

central to this city subway service especially those parts of europe that are quite remote and need no connection infrastructure to connect to the rest of the world so i would interfere. or fewer regional airports in the years ahead but i still think governments well local governments especially will do the best to keep those assets will remain a poly area of cranfield university thank you for your insights. here. now to some of the other global business stories making headlines italian prime minister gone to announce a new 5000000000 euro leaf package to support sectors affected by the pandemic measures for businesses including restaurants hotels and gyms include grants tax breaks and additional funds for temporary layoffs was surely make or tiffany and the company that owns levy tall evi and h. are discussing new terms for a merger of the m

h have been trying to get out of the deal with the luxury market struggling and we're going to make a new agreement could see the fund from acquire tiffani for $2.00 a share. now in the 2 months left to strike a trade deal between the european union and britain which has formally left the block at the beginning of the year as we know now it's not only businesses in the u.k. that are anxiously looking at the stalled negotiations the dutch speaking north of belgium for example is one of the most economically exposed e.u. regions to bragg's it including its fruit farmers. belgium's best seller the conference pair last year a total of $28000000.00 kilos of east where exported to the u.k. that's one out of every 12 belgian grown pairs so far it's been mostly business as usual for fruit growers but a hard break that could see things turned sour overnight of course our industry

doesn't stand or fall with the exports to one country but it's important and then the only change in the relationship however small it might be might disturb the delicate to a balanced and delicate librium that exists in trade. the concerns here are not just potential quotas or tariffs for belgium fruit valley the country's largest fruit growing co-operative the carefully timed supply chain is at risk delays caused by new customs requirements could cause serious storage issues if drapery votes to w t o standards 42000 people across belgium could lose their jobs that's according to research by hugh care fund and busha an economics professor at loovens catholic university it's not just the direct shipments from flanders or from belgium to the u.k. that matter but also flanders supplies

a lot of intermediate inputs to other european countries for example to the german industries which subsequently send their products to the u.k. flanders belgium start speaking region would be dealt a huge economic blow by a no deal breaks it $16000.00 flemish companies currently exported to britain the government here hopes most have contingency plans in place like belgian fruit valley it's already finding new markets for this british bread favorite from the time we knew about the bricks that we started taking contact and making contacts to sell these small kind of beers towards germany and the eastern europe. because we had a good. and a good price and paris from these orchards already enjoyed the world over stored it cool temperatures they can easily be shipped as far as china we are used to

exporting outside of the e.u. as well. but it's a pity that. after we have been very good and friendly neighbors several decades. mark every lot personally likes his apples and pears hard and crunchy but when it comes to politics he's hoping for a soft breck's it and a sweet deal. all those 2 months left. thanks for watching. it.

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