celtic of postal workers. are watching v.w. new so have more headlines for you at the top of the next hour coming up next we've got all the business news for you with traitor fergus stays true to the thanks. to . my 1st boss a mogul sewing machine. that i come from women are balanced by this notion for. something as simple as learning how to write a by psychosis and. since i was a little girl i wanted to take a lot of my home but it took me years to understand. finally they gave up and mental buying young by psychos and returns people sewing machines sewing i suppose was more appropriate for goes than writing advice as knowledge i want to meet those

woman back home who are bones about their duties and social homes and inform them of old dead bees and writes my name is the amount of people and i work it's easy to . be. as counting continues and one of the fiercest election battles in u.s. history we take a look at what the next 4 years could mean for transatlantic trade. also coming up 2020 has been a disaster for the aviation industry around the world airlines and even airports are on the brink of collapse. britain's 2nd lockdown is expected to hit small businesses especially hard now the bank of england is stepping down and.

this is the deal beef is no sign paper this and welcome to the show. global markets are in course to end the week higher as investors continue to puzzle out the consequences of tuesday's still undecided u.s. election in asia indexes in hong kong and shanghai looks set to finish in positive territory optimism about a vital presidency would know where tensions between china and the u.s. and improve the country's trade relationship hopes are also rising among european investors who are hoping that a trade reset with the u.s. could prove a major boost. let's take a closer look at transatlantic trade with found lying at chairman of the european parliament's committee on international trade welcome mr lang it now the last 4 years have turned the transatlantic trade relationship on its head is there even any going back at this stage. of calls.

were made for good cause. serious problems. in the last 4 years. the. expression. the. approach was to draw. the poison for the international trading system now before trump became president the u.s. on the e.u. were negotiating a trade deal should biden win this election would you like to see that back on the table. i'm sure that mr change the attitude of her traditions she mentioned quite clearly that he would stick to his image as a system that he could give a more emphasis to the w t o. but in conflicts through the road based system. of

cause. possibilities to place in our partnership but it's also clear because of our you know that's a different situation some areas of competition and regarding different interests the new possibility to never come for heads of trade agreement like 3 to 5 in the teton the decisions they're looking at had a huge trade ministers are meeting on monday what's on the agenda there yes of course you're looking to the government joe as you know via looking for a new director. 160 sweet countries i'd say vos in nigeria can you get over the united states have a different view hopefully this can be sought also as a new president a new station and of course the look on their relations with china as

a new president because they're also a tasca force interests abide analysis 'd or tossed into european union as you know the states to look on our common interest by the void any unit would let us by the taliban line i thank you so much and thanks a lot. and of course all these discussions on trade will be overshadowed by attempts to cope with the economic full eyes of the palm demick industries across all sectors have been decimated but none perhaps more so than aviation as you'd expect it's not just airlines that have been suffering airports too are facing a crisis that's take frankfurt's airport one of europe's major hubs as an example 54000000 passengers move through its terminals in the 1st 9 months of last year this year it was just a 3rd of that number now air cargo is another source of revenue for airports it

hasn't actually fallen very likely in frankfurt you can take a look there but that could be because it has actually a devoted cargo whole section munich on the other hand though it's a much steeper drop in cargo one likely reason is that the bulk of cargo shipments to the airports in 2019 came on passenger planes. and of course it's not just europe that is suffering airports around the world are expecting to see revenue losses of between 55 and 64 percent in 2020 that's according to airport cancel international which tracks airports economics now let's talk about the crisis in aviation with. senior vice president of the international air transport association welcome mr make us no 2020 was the worst year it is the worst year in aviation history what are you expecting from 2021.

that depends very much on what the decisions of the states will be currently where in this situation where we can not operate because of administrative restrictions and what i'm talking about of many started restrictions is not all need closure of certain markets worldwide but it's the fact of having quarantines if you are supposed to travel with the risk of core and teen the demand is simply destroyed so we have no possibility of operating selling things to reopen and i customized to be able to plan a trip without the risk of consolation you have experience as an airline c.e.o. if you were still in that job today what sort of decisions would you be making. all mean it's very it's very simple today our airlines and if if if i was working for one i would be just trying to survive and pass the crisis you know airlines have a number of fixed costs which don't go away when you have no traffic. so

the preserving your cash and preserving the possibility of paying at least part of your salaries or majority of it paying the leasing being able to build a network so we can have an offer it's what airlines and what i would also focus on this is why i am using this pretty pessimistic for the survivor rather than recovery because we have to wait to be able to restart the business in the way it used to be at least partially before call that you mentioned state support they're ready what in concrete terms should government be doing to ensure that the aviation affected doesn't just survive but thrive in the future. you know again there are those 2 there are those 2 elements one is to focus on every opening markets the business model of airlines and of the whole airline eco system is not to spend time asking governments or shareholders for money that's not the business we are in we

are in the business of carrying people and goods from point a to point b. so the 1st focus should be on what we are advocating for i say yet that is on introducing test think measures to stop quarantines that will allow the industry to start their recall very but the 2nd is of course provide the current situation and provide that airlines have just no possibility of running a business by the way they are other businesses which are in a very similar situation to ours then we will continue asking governments for financial support and to be very fair this financial support was provided already at the large scale because it's more than $160000000000.00 throughout 2020 death were already provided in different forms in in the release and injections but how full of it is that so it's also something to point out that atlanta will will survive this crisis but with much more that so you know we are not here to.

to have a business of asking for money so our top priority is really really to start flying in a predictable way this may cost thank you very much for talking to us thank you very much have a good day. and take a look now at some of the other stories making news. the u.s. federal reserve has pledged to use its full range of tools to shore up the economy fed chair jerome powell described the look of the u.s. economy extraordinarily uncertain he said more stimulus might be needed in the months ahead to counter a rides in coronavirus cases. toyota has more than doubled its profit forecast a sales rebound from the coronavirus crisis the japanese automaker now expects are nearly $13000000000.00 in the current financial year the big driver of the up is rebounding demand in china. now with parts of britain in

lockdown once again the bank of england is stepping up support for the economy by ramping up purchases of government bonds the idea is that this will fund government stimulus spending keeping businesses afloat as the coronavirus continues to wreak havoc on the economy. mandaeans london malaysian restaurant is empty yet again her business barely made it through britain's 1st spring lockdown and its economic aftershocks in recent months her sales were often just 100 pounds a day. the u.k. 2nd lockdown could prove the fatal blow for many small businesses like hers i think this will force thousands of to close. because how can you afford you know to be close for 4 weeks and have no income. streets were empty across london on thursday as bars dine in restaurants and non-essential shops order

to shut their doors again for the next 4 weeks. the measures could not comment a worse time for jeanne she and her south east london pottery studio she was counting on a full schedule of christmas events to revive her business now she's bracing for losses she fears could reach 100000. in pounds christmas is special about. it is actually very important in terms of our site because we write events based on christmas night work events social events and family parties or not going to happen either so for us to so this is. is a very big loss i would say. even before the new lockdown the u.k. economy was experiencing its steepest contraction on record now economists are bracing for things to get even worse the bank of england forecasts the economy will shrink 11 percent this year instead of the 9.5 percent previously expected and also

warned that a full recovery is years away. and that's all from me in the business team here in berlin for more check out our website e.w. dot com slash business for us social media as well for me it's goodbye and take care.

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heritage sites. w world heritage 360 get kidnapped now. hello and welcome to focus on europe i'm liable it's great to be back here in europe with the coronavirus pandemic has again brought life in many places to a grinding halt spain is one of the worst affected countries and the government has declared a state of emergency for 6 months well that has led to outrage in some places like madrid.