now i'm based in europe and my work around the world is for me to tell the stories. what is the heart of the story why does it matter who the. focus if you were. to cut through the noise to get to the truth. the world is getting back to work after the new year break but how many jobs and businesses will be lost in 2021 as the coronavirus crisis continues predictions for the german economy on the program london's withdrawal from the e.u. should have been to boost germany's financial frank but one that simply hasn't

materialized. medicinal cannabis producers have their eye on a growing european markets. welcome to the program. now 2020 may have ended but the damaging economic effect of the coronavirus pandemic has not much of the impact is still impossible to quantify but some forecasters have already calculated what they think will be the final price tag for germany already the cost of coverage 19 has risen to 212000000000 euros for your biggest economy according to the german institute for economic research but by the time the crisis is over the used to protect the number will grow to 391000000000 euros however that's assuming the infection numbers are brought down significantly over the next couple of months now if that doesn't happen that could spell a loss of. uppal for germany let's speak to presidents of the german institute for

economic research myself francesco came up with these numbers thank you very much for joining us on day to be business 391000000000 euros that's the figure but what could that look like in terms of businesses and people's lives you have these are numbers and of course these are very rough numbers what we have done is to simply say what would have happened to the economy if there had been no coronavirus how would the economy have grown and what's happened has happened last year and this year maybe this year instead and of course as you say 1st of all we don't have a good understanding of what's the long term damage to the economy and in particular might be quarry for this is that we might see a wave of company insolvencies many companies are over indebted they are still suffering they still not back to normal and so we will see the. number of insolvencies with that people becoming unemployed we already have probably round

about one and a half 1000000 people either regular jobs or so-called many jobs that have been lost last year alone and this might increase further this years so the damage to individual groups and individual companies of course is massive while the other is working for the public sector working in strong industries industrial sectors have done relatively well so far but you know that is a worrying outlook and we're talking about bankruptcies and job losses gentlemens already taken on never never before seen levels of debt is it in a position to prevent those bankruptcies. no of course the government can help in such a cross if must help but it cannot prevent a crisis prevent a recession prevent company insolvencies and there's hardly any government in the world that has done more in terms of economic support programs has spent more money helping companies and households but we see that this is clearly insufficient to

compensate for these losses and they are caused the same while the legitimate government should pay should pop open or in fully own more companies they always point to live tons of each as received about 9000000000 euros in guarantees and direct financial contributions from the german government but these are really exceptional cases a government cannot buy or participate in hundreds of thousands of companies so i think i'm afraid we will see bankruptcies increasing very steeply this year and the best the government can do is to stop the 2nd wave of the virus and help the economy having a restart vets' the single most important objective not just from a health perspective but also from an economic perspective. thank you very much for joining us here on day to be business men pleasure. in the final weeks of

2020 even nations began immunizing their citizens against khalid 19 the 1st approved vaccine developed by by on tech and needs to be stored at extremely low temperatures but as its distribution begins to ramp up just it firms say they are up to the challenge. these shipping containers are in greater demand ever thanks to their unique insulation these types of containers can maintain a constant temperature of minus 70 degrees celsius. that's critical to preserve the corona virus vaccine under specialty of german company vacua tec. container containers and boxes i like very very large thermoses we have vacuum super insulation in the walls and then inside we use cold or warm storage material we can get them anywhere in the world within 5 to 10 days even difficult destinations like africa or latin america i mean. maintaining the extremely cold

temperatures for extended periods is important for global carriers like lufthansa cargo for months workers have been preparing to transport the highly perishable vaccine that can be flown to destinations worldwide in these special containers dry ice is used to maintain the cold with the temperature constantly monitored throughout the journey. ready we could start tomorrow we've been working on this intensely for months in a task force together with their own experts and also those from the producers and shipping companies. d.h.l. and other major logistics firms are also ready when the time comes they must distribute the vaccine to hundreds of widely scattered vaccination stations quickly maintaining the extremely cold storage temperatures for the entire trip is vital. to guarantee round the clock transport for the vaccine the german government has

also list of the travel ban for troops on sundays and holidays. 400000 doses of vaccine are set to be distributed in germany as a 1st step by the end of the 1st quarter will be another 11 to 13000000. the u.k. is just beginning to adjust. life outside of the e.u. after the break the transition period ended with the new year london's withdrawal from the block was at one time expected to lead to 8 jobs in the use of the financial hubs that so called prexy it boost is yet to materialize from the river thames to the river mine the german world of finance hoped that frankfurt would become the e.u.'s new financial hub 4 years ago the city expected to create 10000 new jobs but it's managed to make just 4000. wasn't 10000 is relatively easy to explain every one expected more job migration when the

british government reacted immediately making some regulatory changes so that fewer jobs had to be relocated. fewer jobs than expected coming over from london and job cuts at german banks as they struggle to stay afloat dim prospects for the country's finance sector. office towers belong to the banks that tower still have the banks logos on them but if you look at the tenant mix in the building banks are nowhere near as dominant as they used to be and just melbourne is and we've become a city of big law firms and recruiters and business not to talk of autumn and that's why stefan whining was never bothered by briggs that demand for commercial property here was already high the city launched multiple new building projects but the pandemic has had a devastating effect when you start if you look at the strong years in 20182019 where we least well over 600000 square feet you can see we're renting only half of

what we had in the boom years that speaks for itself. the new offices being built will likely be sparsely populated good news for small businesses seeking cheap rent but the trend is the opposite for apartments affordable living space remains just a pipe dream with mostly luxury flats being built these days. i guess i'm dodging context can be another a completely new phenomenon here in the past high rise buildings were considered commercial buildings more of an imposing dad truck and now we see a trend for development that's more familiar in north america luxury residential towers to make about they hadn't. even though briggs it didn't bring the expected migration to frankfurt the city's appeal remains high but so does the price of rent leaving affordable housing a scarce commodity. time now for a quick look at some of the other business stories making the news speculation over

the whereabouts of chinese billionaire jack ma is intensifying found has not been seen in public since late october when he gave a speech to criticize china's regulators state run banks. asian shares started trading in 2021 with major advances stock exchanges in shanghai hong kong and seoul edged up around 2 percent over by optimism over the cover $1000.00 vaccine however the nikkei shed the gains of affairs of tightening. virus was in japan. and opec and its partners will meet via video link on monday to decide production levels for february some members want to round top out while others one that's an over supply would put prices to pressure. yours markets for medicinal cannabis is estimates as to be worth hundreds of millions of euros with a number of countries legalizing the drug and growing so the opportunities for the continent's crops. these hybrid strains of cannabis have sonorous names like

delahaye pose and pink names adopted from the black market but what's being grown here near the danish town of holden's is legal medical marijuana for an up and coming european market. it all started out in the greenhouse next door mats peyton's family business is scandinavians largest producer of greenhouse tomatoes now they've branched out into cannabis together with canadian company or account of us peterson says his motivation is not just market driven for me personally but a personal story with your boy who had seizures and simply norman vincent didn't help him out at this rate and his parents bought illegal cannabis. and he tried that and after 20 minutes he just ups we've been given rare access to our ora nordics medical marijuana production facility it's about to be

certified meaning the product can finally go to market after 2 and a half years the medical director tells us certification is a complex process you show that you are in control and you are able to control every single step in your production so you are able to control your whole process and also trace back to you what you have done in your process if something goes wrong the rigors oversight is aimed at guaranteeing safety and quality the facility is part of a temporary trial scheme in denmark the program put in place where the government here in copenhagen allows companies to manufacture sell and export medical cannabis products and in this really does remain optimistic that the program will be continued in future despite this stigma still attached to treating patients with medical cannabis. that stigma is something dr tina holstered who runs a pain treatment practice in copenhagen knows all too well there

is a you will end up with a needle stuck with cannabis but it has been proven one. and that's all from me on the business team here in berlin thank you very much for joining us that gets to head over to our web site to do we don't com slash business if you want to hear more business news or also some stuff on there you can also find is of course on facebook and twitter. d.w.p. so next time buy a ticket. young moroccan emigrants. they know the police will stop the. claim that the road is not a solution. they know their flights could be fatal. but going back is not an option shattered dreams starts january 18th on t.w.

in mexico many pushed. us right out in the world right now climate change is going to have to store. faces wife leslie away from home just one week. how much work can really get. we still have time to our son doing. what he says that subscribe to me is like a. common corona. with an orchestra son who is under quad in the time of the pandemic i the stops to answer in court course he is taking quite a risk. but what about the audience. we have to protect people but also

art it's really going to be we have to sing like this it's better than not singing at all and. 2 2. the starting from the overture will run through the whole piece they're going cutting wherever courses and singers in question are not here. one thing and if so let's begin if for no november mario van zandt takes up the baton. as we're still scaled down to less reduced or cautioned after making more subtle the other goods here. when the rehearsals freak out germany was under semi long down businesses were open schools and one of the

phantoms were closed rehearsals were announced of a corona fashion of shorts the same opera.