and forged a close relationship with former west german chancellor helmut schmidt together they laid the foundations for the euro single currency and turned their dream of a more integrated europe into reality you're watching david he needs to do any business with stephen beardsley is up after a short break time forget you can always stay up to date on our website that's com i'll be back with more news headlines at the top of the hour thanks for watching. news coming to. us against corruption violence.

despite coming from a poor family loves to become president. challenges a. credible story. starts december 10th on t.w. . food. a big moment for a small biotech firm in germany and the world vaccine developed by buying tech now approved by the u.k. marks a technological breakthrough and could be revolution for the entire pharmaceuticals industry we'll talk to our financial correspondent. also on the show distributing that vaccine will be a big challenge we'll look at how germany's flag carrier is gearing up to fly

around the world. and the vaccine can't come soon enough for the world's poorest countries they've been hit especially hard by the global slowdown. welcome to the show i'm stephen beard and. lead investors around the world welcomed the u.k.'s approval of a coronavirus vaccine with asian markets gaining thursday on hopes that economic recovery would be around the corner but the vaccine developed by german firm biotech in partnership with u.s. drug giant pfizer also represents a technological breakthrough one that could put its imprint on the pharmaceuticals industry for years to come. it's not much to look at from the outside but what's inside is revolutionary by on tech says it m.r. any technology can eat the development of entirely new types of vaccines the 1st set their sights on cancer but then came the coronavirus and they found themselves with a head start where they certainly a historic moment for us. to actually bring

a product from concept together with our partners to. to being able to distribute a real product to. a country that's really historic. research is expensive but luckily for buy on tech founders an unusually large amount of venture capital allowed them to develop their project and their progress through netted them a partnership with pharma giant pfizer buy on tech provided the technical know how while pfizer brought their experience in vaccine development and delivery not to mention production capacity of up to $1500000000.00 a year by on techs breakthrough with m.r.i. any technology has opened up new horizons for the company i think it introduces a new class of technology which is very versatile and we should expect over the

coming decade a number of other m.r. in a vaccine some products coming to market investors are confident in one year biotech valuation has growing 10 forward now it's worth $30000000000.00 u.s. dollars. well let's bring in our financial correspondent in frankfurt conrad booze and conrad good morning a vaccine within a year it's remarkable what does this mean for the pharmaceuticals industry moving ahead. it's a big thing really stephen 1st off because it involves this completely new technology which is having its origins in cancer research where individual treatments are developed for patients based on genetic programming and that's what this m r n a technology is about you know you don't need to inject the virus itself or media dead cells of the virus into a body in order to immunize a person that's really revolutionary what's more you know the pharmaceutical

company often gets bad press for being too greedy only you know oriented and focused on high profits this on the contrary is really a story that highlights the beneficial side of science it's also a story about entrepreneurship courage and how you know a coffer to approach in developing a vaccine can work because the company has been you know in close contacts not only with the approval of thora teas but also without the pharmaceutical companies could it was the time line for other countries to also approve this vaccine. well the approval process here in the european union is a bit more focused on the potential risks than the one in the united kingdom so it's expected that the approval will happen in the e.u. by the end of this month another promising vaccine by what is expected to be approved in the e.u.

in january then of course it will be crucial how quickly the population can be vaccinated experts depending on who you talk to say that you need a vaccination rate between 60 and 90 percent in the country in order to really protect it against the virus or a contribution in frankfurt with the latest thank you very much as you may have heard getting that vaccine to patients quickly is going to be a major logistical challenge german flag carrier live tons of believes it's up to the task is as its cargo side can guarantee ultra low temperatures no matter where in the world the vaccine has to be shipped. the vaccine against covert 19 could soon be transported worldwide in these special containers at temperatures of minus 70 degrees celsius. for months feel a little back has been preparing for this massive undertaking german cargo airline moved tons of cargo is responsible for the transport of pharmaceutical products the

thermal containers can usually maintain temperatures of up to minus 20 degrees celsius but thanks to a special procedure in which the vaccine is covered with dry ice a lot of back and his colleagues can also guarantee temperatures of minus 7 degrees celsius. you've got to know that this prepared airtight container will be delivered to the pharmaceutical manufacturers just like this it's back to the manufacturers plant and when it arrives it looked on the cargo it's already at the right temperature it's then shipped to its final destination it's also sent to the recipient's farm or warehouse where it's finally opened at the correct temperature wise and a bit of that. the temperature of the container is monitored throughout the entire journey whether it's taxiing in frankfurt in the belly of a plane or even on another continent. in order for this to work look tons of cargo c.e.o. pay to go bust set up a worldwide network. does it provide we're ready we could start tomorrow we've been

working on this intensely for months and a task force comprised of our experts as well as expert shippers and producers take our deliveries of insulin for instance we're now capable of transporting and delivering it to brazil in 18 hours it will also work for this vaccine but we haven't done it by the balcony without the close collaboration among shippers from all over the world it would probably be impossible to guarantee a chain of support in which temperatures of minus 70 degree celsius are maintained but look tons of cargo manages it with aplomb while also managing loading hubs worldwide that work under the same strict regulations is those at frankfurt airport . a lot of components have to work together in concert we as an airline and the shippers work hand in hand and a thermal container has many checkpoints and we test whether the temperature is still not right range if there's still enough dry ice and if the battery is still

properly charged this is all especially important when it comes to the corona virus vaccine which can easily spoil the 2 and a half tons of medication that fit into each container are not only expensive they're also expected to be in high demand to deliver it whether to africa asia or south america. let's go now to some of the other business stories making headlines . tour operator 2 he is to receive almost 1800000000 euros from the german government and private lenders and exchange he has agreed to freeze dividend payments and bonuses for top managers is the 3rd such package designed to help to offset the impact of the pandemic. china has edged past the united states to become the european union's biggest trade partner analysts say this is come about from changes in global trade flows stemming from the pendennis. where the world health organization has called on countries to carefully think before opening their ski slopes to turrets issues dividing european nations germany france and italy have

shut their ski resorts into early january in an effort to avoid a spike in crowbars cases but others like austria and poland are already welcoming skiers ski season is finally underway in pool and social distancing comes easily on the slopes but less so on the chairlifts nonetheless authorities hope it will boost tourism and morale as a long winter sets in. well beyond that that's near her don't be so fantastic the conditions are super there's only a few people who are happy that we can practice skiing at last with this decision will be in force until the end because we need it we simply need it. yes on top of us to put 7. it's a similar scene in romania and in austria too they're planning for a lucrative season but public health experts say the short term gains could come with long term pain the real issues are going to come at airports.

tour buses taking people to and from ski resorts ski lifts and places where people points in the skiing sort of experience. the kind of experience many will miss this year pristine conditions on germany's mountains but no skiers like france and italy the government has shut winter resorts until january 10th in an effort to avoid a spike in corporate 19 cases the decision will cost billions in lost revenue. before we fear that the restrictions would cover the holiday season and it's very painful because one 3rd of our time over in winter is made during the christmas holidays by attacking fear of entire. the shutdown does have its supporters. it's very nice saw rare for some intrepid climbers a chance to have germany's tallest peak to yourself too good to miss. all right not

a bad view they're well grounded since march 29th teen the 1st boeing 737 max planes are ready to take to the skies again the planes had been grounded worldwide after 2 crashes that together killed $346.00 people last month the u.s. federal aviation administration approved changes mainly in the flight control software that will allow airlines to resume flying the plane american airlines has moved 1st bringing the updated aircraft out of storage for a test flight from dallas texas to tulsa oklahoma the only journalists were on board for that flight the 1st paying passengers are expected to board the $737.00 max later this month on regular scheduled flights between new york and miami. all right we've been talking a lot about vaccines well here's something else that has come out of the lab and gathered headlines singer for singapore has become the 1st country to approve meat

developed in a lab using animal cells to create what it's called a novel what is called rather a novel food now comes from u.s. firm eat just where scientists spent 4 years on the process where a handful of chicken cells are isolated then placed in a nutrient and rich solution to multiply now they're fed a mix of proteins sugars and salts in a bio reactor and finally you get a paddy all without the slaughter the company now wants to invest millions in a large local facility. all right technically that is vegetarian i believe but that's it today for me and the business team here in berlin you can find out more as always on our website at www dot com slash business to check us out on facebook and twitter for me take care.

these barriers in everyday life but the ones in people's minds are usually 0 because t.v. kept people with disabilities so. unfortunately it's still a novelty in the modern world. and not because they are less skilled.

how do you cultivate success stories. in germany. i'm not laughing at the germans because some of them but most are laughing with the german things deep into the german culture. you don't seem to take those grandma feel. it's all about who you know i'm rachel join me for me to get on the course. the for. over a 1000000000 people in the world to live with some kind of a disability and yet we barely seem to talk about it today on made we're seeking to change the us by showcasing stories that challenge us to think afresh about an

issue that affects 15 percent of the global population and we want to zoom in specifically on one topic.