group winners atalanta beat i.x. to book their last 16 spot and at let it go madrid also progressed holders by munich were already through but stayed undefeated with a 2 nil win over lokomotiv moscow. you're watching the news from berlin the next up my colleague stephen beardsley will have all the latest business news so stay tuned for that. in the far north. it's lonely. and breathtakingly beautiful. the arctic you can. take a journey around the north pole profiteers and talk with people experiencing

a changing environment through the ice disappears earlier and it keeps retreating our future depends on what happens here. northern lights within the arctic circle starts december 21st t.w. . europe rushes to keep the money flowing as the continent grapples with yet more lockdowns leaders meet to discuss how to cushion the blow we'll talk to an expert. on the show the us suze facebook using a social media giant of abusing its dominance to snuff out competition to break up of the tech giant be in the making. and you'd never guess that air b.n. b. was one of the companies hardest hit by the pandemic is getting ready for the biggest i.p.o. of the year. book welcome to the show i'm stephen beard in berlin europe's 2nd

round of lockdowns is set to hit public budgets companies and workers hard e.u. institutions are now taking action on both the monetary and fiscal fronts u. leaders meeting in brussels over the next 2 days to try and pass a 750. 1000000000 euro recovery package as part of a larger budget and in frankfurt the european central bank is expected to announce new measures the head of the e.c.b. christine lagarde has already suggested an expansion of the bank's bond buying program was in the offing. we demonstrated that we were there to support the economy during the 1st wave of core enough iris we will be there for the 2nd wave which is underway and which by the way in europe is now beginning to to to slow down and to reduce in intensity because of the new containment measures that have been taken but which are indeed affecting the economy as we speak i mean clearly all the p.m.i.

numbers and all the the latest developments that we are seeing are showing that the economy is still suffering or i got real felber myers president of the kill institute for the world economy and he joins me now mr felder market morning how much room does the e.c.b. have to really affect what's going on in terms of chronic recovery. interest rates a. space for monetary policies of course very restricted but by extending the it's been a convergence of purchasing program violates another 650000000000 euro so ramping it up to 2000 billions and he used to be can create a situation which allows governments borel very cheaply and to increase the fiscal space of it so here is a rule for the use of be indirect to help mitigate the current situation it's been

said that fiscal policy is really key to the recovery right now as opposed to monetary policy which you just mentioned there with that in mind how critical is the 750000000000 euro recovery package that's going to be debated and hopefully passed or the supporters hope it's passed today at the e.u. council meeting. so the what is really critical is that the e.u. is since a signal that it is able to have a budget by the beginning of next year because the wider package is at stake it's not just the 750 billions over the ordinary 7 here's multilateral financial framework. but to be honest you know those $750.00 billions is a very big size of course but in the immediate crisis reaction this money will not come soon enough even if the decision takes place these summits payouts will probably only start to happen by the middle of the coming here and so

it is not something that is there to immediately fight the recession in that sense it's more important to queue for the national government fiscal space to continue with their national fiscal programs. as i said the european response comes to leads to really make a difference in the credit crisis those national fiscal programs you're speaking of they often require taking on a lot of debt germany just raised its debt ceiling for 2021 and it's facing more criticisms for borrowing how concerned are you about more borrowing in germany. i'm not overly concerned to be honest in particular torture and he would show up for the 10 years before the crisis is really put their financial situation in order. germany can very well live of with state that to g.d.p. ratio of 80 or 90 percent or even more probably that ever is not true for all your

member states not for greece let's say or it's not even problems where as that goes up the interest rates probably will have to rate rise and create more for you wages between the low interest rates and showing in the high of once in the european periphery not a problem for charity but for all that you member state is very much so. president of the kill institute for the world economy thank you very much for your welcome over to the u.s. where federal regulators in 46 states have joined together to file an antitrust lawsuit against facebook alleging the company uses its dominant position to crush or buy smaller competitors significantly the suit would divest the company of its major acquisitions instagram and whatsapp the legal action comes weeks after the government announced a lawsuit against google also alleging unfair competition and it follows growing bipartisan calls in the u.s. for more oversight of big tech firms. facebook's growing dominant has long been

a phone in the side of the u.s. government. now citing breaches of antitrust law washington wants the company to be forced to sell off instagram and whatsapp by using its vast troves of data and money facebook has squashed or hindered what the company perceived as potential threats every deuce choices for consumers they stifled innovation. they degraded privacy protections for millions of americans. facebook a quiet photo sharing platform instagram and 2012 messaging service whatsapp in 2014 but technically so closely linked to facebook divesting would pose some serious challenges for a very big story out of the u.s. there let's bring in our financial correspondent in frankfurt chelsea delaney josie

good morning it's fair to say that facebook has faced plenty of regulatory scrutiny and legal actions before how does this compared to what's happened in the past this is a very serious move by the u.s. so as you said facebook has been under pressure for a lot for several years now its faced investigations particularly over its data practices in the u.s. that this is the 1st time it's faced an antitrust lawsuit in the united states and this really has the potential to reshape the company the f.t.c. isn't just looking to slap a fine on facebook or impose some new rules it's really looking to break up the company that's been described by mark zuckerberg the c.e.o. of facebook as an existential threat to the company and seen by it by analysts and by lawyers as really the nuclear option for regulators in the u.s. so whether they will be able to really achieve the break up of facebook that the

f.t.c. is talking about right now i think that's up in the air because it is a very difficult legal case that really has never been done before for a tech company like this but the f.t.c. is clearly clearly coming in strong and looking for big changes why is this happening now facebook has been around for a long time it's been so the regulators could have taken action earlier. yes that's what that's basically facebook's defense is that as the f.t.c. is pushing for the divestiture of what's often. the f.t.c. actually approved of those acquisitions back in 20122014 so facebook is saying you already have the chance to to stop these acquisitions how can you come back now and force us to get rid of these businesses but what we've seen is really a big change in the way the entire political spectrum in the u.s. is looking at these big tech giants we've seen over the past couple of years really irrefutable evidence of the damage these companies like facebook and google are

causing to democracy to to mental health to data privacy so this is really a lead to a much stronger and much more cohesive calls for the changes that these companies are right chelsea delaney in frankfurt thank you let's go to some of the other business stories making headlines. the boeing 737 max is a french officially returned to commercial service brazilian airline gold has become the 1st to use the model for one of its flights since the max was grounded for 20 months following 2 deadly crashes. shares indoor dash have risen 80 percent after going public for the 1st time frenzy of interest means investors value the company at value the company rather at a total of $60000000000.00 far more than expected jordache is the largest business in the u.s. food market. speaking of another big debut air b.n. b.

set to listen the new york stock exchange on thursday the i.p.o. for the popular home sharing platform has long been anticipated and demand for its stock is high the company now said to be pricing initial shares at $60.00 each from a range of $44.00 to $50.00 just a few days ago as a remarkable turnaround for a company that just under a year ago found itself in sudden trouble. 2020 has been a difficult year for air b.n. b. after the coronavirus pandemic hit in the spring travel was severely limited by the knockdowns suddenly no one was booking apartments prompting the u.s. company to lay off a quarter of its staff. revenues shrank in the 3rd quarter to 1300000000 dollars 18 percent less than the year before but air b.n. b. slashed costs pushing up net profit in the 3rd quarter to 2 119000000 dollars the only time that air b.n. b. has ever turned a profit hue the company was helped by the easing of travel restrictions during the

summer as customers turned to apartments over hotels for holidays and business travel the company was founded in 2008 and is one of the most popular travel companies worldwide with around 7000000 listings in 220 countries still air b.n. b. is not welcome everywhere there's an increasing number of protests like here in spain they claim they're being pushed out of their neighborhoods by air b.n. b. some cities are beginning to impose stricter regulations on the home rental company . well christmas this year just won't be the same partly because the pandemic will frustrate some families plans but also the toys this year could look a little bit different to going to this toy store in madrid shows how companies are getting into the spirit of a viral holiday season several dolls and for great the pandemic theme this year please with face masks and for the budding scientists there's even an n.c.

viral lab that. i'm sure that's fun and reminder of our top story. u.s. government is suing facebook saying the company broken the trust laws the federal trade commission accuses the social network of using its dominant position to crush smaller competitors and is calling for its before stock vest itself of what's out and instagram both of which i don't. and that's it for me in business thanks for watching.

come let's talk about drugs. is a huge business worldwide. we meet one of the 1st illegal cannabis cars in china. and pioneers in growing medical marijuana in denmark plus we want to find out is the key cigarette high a lot of hot air. made sure. the

line t.s.a. is on its way to bring you more conservation. how do we make see the screeners how can we protect habits. once we can make a difference the ideas are a mental series of global powers and d.-w. mine. society has a complicated relationship with drugs cocaine or heroin use generally frowned upon but caffeine and alcohol are the.