rosa using a constant stream of affordable and equitable access to covert vaccines for all people. that's the pledge g. 20 leaders committed themselves to in their 1st, ever virtual summit. but amid surging infection numbers downstream and also covering protests over pork. thousands of people in taiwan demonstrate against the government's decision to allow the import of what they think could be contaminated meats and all non-essential. shops in france are shut these days. will end to of online retail giant amazon health say their christmas day. it's called

welcome to the program. leaders of the world's 20 wealthiest nations have pledged to quote, spare no effort in ensuring that all countries have access to covert 19 vaccines. comments came at the end of a virtual g. 20 meeting hosted by saudi arabia. the summit was dominated by the pen demick, amid concerns for countries will be left behind as wealthier nations reserve, nearly all of the expected supply of the most promising vaccine candidates. g. 20 leaders also reiterated a commitment to extend debt relief for developing countries until at least 2021 as many governments risk default due to the economic shock caused by the virus. let's get more now from alexander phenomenon our brussels bureau chief. she's been following the summit for us on xander. welcome. when g.

20 leaders pledge affordable and equitable access to covert vaccines. what exactly does that mean? well, in theory, a death means that everyone should have access to achieve that. seeing whether you live in berlin, in brussels or in nairobi. and the leaders also pledged to address financial needs to make it possible. however, they didn't say how much they are willing to invest to donate. and that is, of course, a big problem. according to e.u. commission, president or the fund, the law and $4500000000.00 us dollars, are argentine needed by the end of this year to make sure that the programs aimed at making sure that everyone can get a vaccine can keep going. xander, we have to give in mind that the e.u. and other g 20 members have directly negotiated with pharmaceutical companies, meaning that the vast majority of the world's vaccine supply next year is already

reserved. well that's, that's totally right. however, the leaders also said that they think that the global in is very important and they didn't answer the question how many doses they would reserve for their own citizens. and how many dozes they would give to the world health organization, or to be specific to its flagship vaccine distribution scheme. kovacs that is aimed at distributing $2000000000.00 doses by the end of 2021. but of course this program, as i said, needs money. and of course, you can arm a gram of occasions of this. pandemic are gigantic countries around the world are shouldering massive financial debt in order to conquer this pandemic. how was this issue addressed at the g 20 meeting?

well, the leaders address this issue, but in a very, very quick would say, so they called on every country to act as aggressively as only possible to make sure that its economy will recover from the pandemic. but there was no specific commitments to what they are willing to do to support the world's economy. apart, as you mentioned from their decision to extend the suspension of that service payments for poor country, about experts are saying that it's not going to be enough more additional i.m.f. funds are needed and xander phenomena in brussels. thank you. now the aviation industry has been decimated by the covert. 19 pandemic, and it's not over yet. airlines need another $70.00 to $80000000000.00 to survive according to the industry group. lines have received an estimated $160000000000.00

in aid so far, but i added sheaves an exam to join the action, told french media no longer that the longer the crisis last, the greater the risks are for bankruptcy. those comments are coming ahead of the annual general meeting tomorrow. nearly 40 airlines are in a very, very difficult situation, or under bankruptcy, protection or administration. doesn't see traffic recovering fully before the year 2024 for more, let's bring in new delhi financial correspondent spawn day. in frankfurt, ashutosh, a request for of to $80000000000.00 of additional aid for the sector. put that figure into perspective for us. well chris, you just mentioned that's half of the mount of money that has already been funded by governments to support the aviation sector. and it's much more than the fiscal

stimulus put in by most of the countries to stimulate the economy and tripled the amount of profit that the global aviation industry made last year. so clearly these are huge numbers that we're talking about and, and this shows that how badly the vision industry has been had just when things were looking brighter for them. after doing that some a lot in cases we are again seeing a 2nd wave and that does not go well for the industry there. and that's the reason why they're desperately trying some testing concepts before that to bypass many of the core team rules. but a lot will depend on the vaccines coming through, and that's going to be the key for the sector. as some might say, conservation of the market isn't necessarily a bad thing. absolutely, yes. in fact, fragmentation of the industry was blamed for many of the problems that at least the airlines in the e.u. were facing. and that, that has been a problem. we have seen so many bankruptcy just because we had just so many

airlines. there are more than 200 airlines in europe itself and compared to just 100 in north america, in the top 6 in north america. in fact a conference, 90 percent of the market here in europe, it is just 40 percent just shows how fragmented it is. and when industries as fragmented as this, then definitely the airlines struggle to make profit, the profit margins are bad, are suppressed. and that's the reason why a good consolidation is not necessarily a bad thing. you have a strange time day in frankfurt. thank you. and now to some of the other global business stories making news, german coalition leaders are expected to sign off this week on a diversity quota for company boards. the new rule announced friday would require a list of companies with more than 3 board members to give at least one spot. to a woman, critics argue the rule won't do much to boost diversity. on larger boards,

china is planning new measures to manage its aging population according to state media that could include financial support, encouraging people to have more children. for 40 years, china had a one child policy you meant to constrain population growth. now the country's health and social systems are facing pressure due to the growing elderly population, which singapore's economy grew a stronger than expected 9.2 percent in the 3rd quarter in new government reports that, while a slowdown in travel continues to weigh on the economy, the pharmaceutical and electronics industries are rebounding. the recovery follows a 13.2 percent contraction in the prior quarter. due to a 2 month coronavirus walked tens of thousands of people marched through the taiwanese capital type a sunday. among other issues, protesters voiced their anger over the government's decision to allow the import of u.s. pork containing feed additives used by u.s.

farmers to produce leaner meats and livestock. oh, the slogan on the side of the inflatable pig reads, i'm a rocktober mean pig rocktober mean is the feed. others have used by american farmers to promote leaner meat in livestock. but in taiwan,, and in most countries around the world, including in the e.u., rocktober mean is banned. these demonstrators want to keep the ban in taiwan. i have a child and when we need things to the rocktober mean, it's not good for our bodies, which i actually hope that the government can see that we citizens oppose this. she did almost as if i got one of these. i would, i don't know. i'm a mom from ty chong, i'm here in taipei for the next generation, protesting against the imports of poor containing rocktober me because it's very poisonous. the u.s.

is taiwan 2nd biggest trading partner. it says taiwan's restrictions on imports of beef and pork are a major barrier to greater trade ties between the 2 sides. taiwan hopes, to deepen cooperation with the u.s. . because china, taiwan's biggest trading partner, is stepping up military, diplomatic and economic pressure on the self ruled island. it's to france now, and amazon says it will join other major online retailers in the country in the laying its black friday sales events until smaller retailers are allowed to reopen . following the current locked up. it's a welcome move, but probably not enough to endear the online giant to small traders who believe they are being pushed out of business. christmas is on its way with all the spending that comes with it. and small businesses like this toy shop in paris are reminding shoppers to support their local retailers pointing out. amazon isn't the

only place to shop online. marjorie cullum barney can't open her physical shop. coronavirus restrictions don't allow it, but trying to compete with global retailers online is a near impossible task where you don't need new people end up thinking of us as thieves because we're trying to sell for the normal prices. but we bought them at a certain cost, and in addition, there are fees and taxes, or sometimes we find the same product online, cheaper than the price. the supply gave us something wrong with that. the on happy times for france, a small shop owners are pushing some french shoppers to boycott. the big online sellers. tens of thousands of people are signed a petition calling for an amazon free christmas. others say using click can collect to support smaller businesses. things didn't. i deliberately avoid amazon, especially now it would be irresponsible in that i'm rejecting amazon. amazon has

responded to the criticism, which has come from as high as the mare of paris by promising to delay its black friday specials. it says it wants to give small businesses time to reopen, before the shopping bonanza begins and that's a show for more. you can check out our website at d, w dot com slash business or c. take a look at our social media efforts. i'm chris colfer and roland. thanks for watching. ever stop a successful get

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