seen across europe that's after the e.u. regulator approved the use of the vaccine on monday several european countries are hoping to start vaccinations on december 22nd. business is next chris coburn was here to talk about how the coronavirus trains are weighing on the world trade i'm terry martin thanks for watching. tarrytown. for an monarch. and to see.

the scene when you. see the. stars december 25th. the. supply chain severed travel routes suspended markets fall in the u.k. sudden isolation following the discovery of new coronavirus variants in the e.u. work out a coordinated response. also on the show they've been forced to close this year to the pandemic germany's winter resorts are now running low on cash and hoping they can make it work next year. welcome to the show i'm stephen beardsley. and the e.u. is racing to find a solution after member countries cut connections to the u.k. on monday following the discovery of 2 new coronavirus variants there and the move

has severed supply chains and left shippers and travelers and limbo. more than 10000 trucks have been stuck in a traffic jam near the port of dover since france close its border on sunday the line is getting longer by the hour on both sides of the channel truck drivers are getting desperate is. it's a big problem a catastrophe for truck drivers it's a catastrophe every day for safety we have family in germany it's it's christmas in 2 days we want to go back we want to go all. the initial french border closure will be in effect for a total of 48 hours british supermarkets warned that if the closure is extended it could lead to food shortages british prime minister boris johnson attempted to ease concerns and address to the british public i've just spoken to president on macro we have a very good call and we both understand each other's positions and want to resolve

these problems as far as does as possible the reason for the border closure a mutant strain of the corona virus which is sent to be up to 70 percent more infectious the strain is believed to have already spread to other countries such as south africa the concern has weighed on stock markets companies fear a new wave of border closures around the world and in suing supply chain disruptions a further escalation in an already deadly and disruptive pandemic. ever more this let's go to our financial correspondent in frankfurt conrad booze and good morning conrad as we heard their stock markets down oil is down we've seen the palin taking a fall why are markets reacting so seriously to what's going on in the u.k. . investors are just very very worried that the whole economic recovery a scenario for 2021 is put in jeopardy by the news of the mutation of the corona virus will this scenario be able to remain intact or will things become like during

the 1st lockdown earlier this year where remember steven closing borders restricting travel were just the beginning of a huge economic slump this is what investors are concerned about and we shouldn't forget what kind of year this has been for investors from mid february to mid march the german share index stacks lost 40 percent in only 4 weeks this volatility is very rare it shows how nervous investors are and how very willing to act and react very very quickly and at the same time we should mention that yesterday there was very good news on the coronavirus front and the e.u. accepted a or approved i should say the distribution of new vaccine the biotech pfizer vaccine how important a 1st step is this for the e.u. and for markets when they look at what's going on. super important the whole

scenario of the economic of economic recovery next year is based on the vaccine and on hopes that the vaccine will allow us to return to normal you know that people return to their jobs that you jobs be created that businesses can operate again the way they used to operate before the pandemic. central banks you know can't poor as much money as they want into the financial system this money doesn't help if it doesn't really reach the real economy if it doesn't really help to create jobs not even the money that governments have been spending is a long term relief it's a short term relief for businesses not to go under but in order to really create a scenario and a world where you know. businesses can operate jobs are created. we have to have a healthy society again where i kind of abuse and french of course one in frankfurt thank you. and of course another part of the nightmare scenario that's been

2020 has been brags that negotiations which are still ongoing of fishing has been a big part of those negotiations but another group of agricultural workers are also worried about a bad outcome in those talks sheep farmers say that if there is a no deal brags that they might be slammed with tariffs of up to 60 percent of their exports to the e.u. map hobbs gloucestershire farm has been in the family for generations his flock numbers 450. but right now he's trying to make the most of the last few days of britain's easy access to e.u. markets he recently loaded 78 of his sheep onto a truck headed to a local livestock market and then off to france hobbs says most of the issues sold here end up in paris but with breaks restrictions on the horizon that could change

dramatically but the uncertainty is currently his biggest problem. is not knowing what you know where where you are you going to drop off a cliff and we have to make huge changes in our lives. or actually do we just people fingers crossed. the line. it's not not no he said. we're running a business supposed to be you know making. sure the idea. he's not alone fears around new steep tariffs are rampant in the british sheep sector the livestock board for the u.k.'s national farmers union says many farmers are trying to sell before the january 1st deadline but that's not the end of their problems. if there was no deal and we faced a 48 percent tariff on. there would be very little paperwork to do because there would be hardly any law going into the cost of

a 40 percent tariff was completely prohibitive and makes our products complete you're competitive if there's a deal. there's a lot of paperwork to do expose house that's inspections journey plans all that sort of thing and the farmers union estimates that currently between 30 and 40 percent of land produced in the u.k. goes to the e.u. but a no deal brags it would need a big disadvantage in that market and domestically in the future is not bright or with competition from cheaper meets on the horizon. so with less than 2 weeks intel brags that hobbs and his flock are catching the last few rays of winter sun before potentially gloomy and great january. and now to some of the other business stories making headlines. a $9000000000.00 stimulus package is ready to be passed rather $900000000000.00 stimulus package is ready to be passed into law by u.s.

president donald trump and that's after the legislation was rushed through both houses of congress late monday the deal's months in the making and includes $600.00 cash payments to most americans. a wave of demand for electric car maker tesla appears to be breaking for now tesla debuted monday on the s. and p. $500.00 but its stock slumped 5 point one percent in morning trading analysts say it's likely due to investors cashing out after a year of huge gains in price. the european commission has given the green light to a planned merger between italian american carmaker chrysler and france's p.s. a and the merger is expected to go ahead in the 1st months of 2021 it would create the world's 4th largest automobile group behind volkswagen renault nissan mitsubishi and toyota. over to germany the harts mountains in the country may not be well known outside of germany but their popular destination for german hikers

cyclists around this time of year skiers but not this year many businesses in the area are now low on cash and wondering when they'll be able to accept visitors again. it says if the weather knew about the lock down far and wide no sign of real snow on them bad mountain normally resort owners would fall back on their snow can and now the snow can in ski lift in the new slopes cost this resort $12000000.00 euros last year but this year general manager fabio only goes up his slope 2000 meters once a week to check things out at the foot of the mountain there's plenty of time for repairs this year in normal times his staff would be busy around the clock now there's only enough work for 2 of the company's 30 employees the others are working short time. when we talk to you know at the moment we're not doing very well at all

it's actually it's very bad thank goodness we're still healthy but this is the 1st time in years of the phone books you left that will be all home celebrating christmas and new year's with the family. those of you more intimate about the not really a little of the buy in for me and why not going to rest if i am going more and more guests had been coming to the hearts mountains in recent past not only for skiing but also for hiking cycling and other activities more than 1300000 overnight stays were booked in the area last year but while lots of germans came on in mind vacations in the summer the $5000.00 inhabitants here will be abandoned for the winter. the area is 100 percent dependent on tourism so the coronavirus pandemic has been hitting us hard for months of lock down this year no overnight stays no tourists and no revenue and. that means no revenue for local shops and restaurants either just

a bit of pick up service for food and beverages not enough to cover monthly expenses. if the november subsidies don't arrive soon things will be getting worse and the short term work allowance isn't here either so things are looking bad. even ski center and hotel operator told must post has no idea how long the tourist sector in the prologue ski area can survive he still has financial reserves but for how long you will have to wait and see how things develop in the near future we don't think we can continue here on january 10th as if nothing ever happened and he isn't real. for the time being the hard lockdown stays in place 2 months host has moved his brand or stand from the slope down to the town so that at least a few of his employees have something to do the hotel operator hopes that by the beginning of january at the latest there will be more certainty for him and

everyone else affected here. and the reminder of our top business story at this hour. trade between the u.k. and e.u. is that a standstill multiple countries have banned travel from britain following discovery of a new mutated form of the coronavirus their european stocks are set to open lower as investors worried a new wave of foreclosures could disrupt trade and supply chains. and that's it for me and the business seemed to checks out on want to dot com slash business to watch .

surviving. and then returning to normal life. meaninglessly struggles with side effects they don't know if their symptoms will never go away. child studies hope to fight. for life after.

w.'s crime fighters back africa's most successful radio drama series continues only busloads. are available online course you can share and discuss on w. africa's facebook page and other social media platforms. to mean no kill. many people who fall sick with coronavirus in march april are still not fully recovered their struggle shows how problematic this virus can bank. be one of my trial are trying but as soon as i go to trust my body says no way.