measures are being taken. what is the latest research. information and context. the coronavirus of the coded special monday to friday on w. it's david versus goliath budget carrier ryanair takes on the european commission over state subsidies and unfair competition but an eagle court ruling says the subsidies legal also coming up australian media said a president for the very 1st time major news outlets will get paid by google for journalistic content. hello welcome to the business i want to get to some dylan good to have you with us the course of the european union has just rejected ryan

asked challenge against france and sweden is corona bailouts for the airlines the ruling states that the measures are compatible with you know ryanair had alleged that the e.u. had given competitors an illegal advantage and to give you just some numbers. germany's lufthansa which also owns austrian airlines swiss and you're a wings has been given just around 10000000000 euros to make it through the pandemic almost as much as has been paid to air france and k n m italy's alitalia hasn't benefited from or has benefited from almost 3000000000 euros in state aid the scandinavian carriers have received less just under 200000000 euros went to sweden's s.a.'s as well as no region and lines so ryan air like other privately held airlines has received nothing and the airline went to court because of that again just to say that the e.u. was well within its right to sign off on these rescue packages but to shed some

more light onto this spring in our financial market correspondent just a delay in frankfurt chelsea so 1st of all what's this ruling need now for europe's airlines. well definitely going to be a relief for a lot of the big airlines here in europe the aviation sector in europe is really on life support right now and many airlines are only surviving because of state aid today's ruling over really only addressed 2 of those programs one program in france where the government was allowing airlines to do it 1st some taxes and one program and sweden where the government had also provided some some tax relief and loan guarantees as well so this doesn't give europe the green light for these larger airline bailouts but a lot of analysts say this is a good sign that the broader bailouts will be allowed ok so tons of still has to hold its press for example but could this ruling also have implications for other

sectors that also receive state. definitely and there's more there are many many interests industries in europe right now that are also getting state aid and while the airline industry has been perhaps the most visible because of the size of these belts really every industry from tourism to restaurants to retail is really dependent on on government support right now and there have been a lot of calls in the past several weeks and lockdowns have been extended to loosen the european rules even further aside say today's ruling will probably add to those calls to make more support available for the broader european economy and just briefly charles who gives an idea of how much childress reacting. not much of a move to be honest and shares today looking at shares that s.a.'s and air france kaylin the 2 companies at the heart of today's rulings we haven't seen much of a move i say for airline shareholders really that the main focus remains

coronavirus and the possibility for reopening travel chose to delay neither in front good thank you so much for giving us those insights. australian news outlets channel 7 and channel 9 have to struck licensing deals with google to pay for regional journalistic content according to industry sources google will pay each media company $30000000.00 australian dollars a year. josh frydenberg praised the deal describing them or post deals actually describing them as an historic moment and a world 1st it's a 1st in the world of content and it will resonate all over the world major australian news outlets will get paid a fair price by google for featuring and linking to their stories on google's news platform the australian government has welcomed the deal struck between the large local broadcasters channel 7 and channel 9 and google. this is

a historic moment a world of. the digital giants entering into negotiations and agreements with the strike in news media businesses to pay for original content. this will help sustain public interest journalism in this country for years to come. despite the deals just reading back said parliament would go ahead with plans to introduce a new law giving the government power to force google and social media giant facebook to negotiate fair payment for news outlets content or have fees set for them google and facebook had threatened to pull their services from australia if the news media bug in code was implemented the tech giant feared the law down under could set an international precedent google is already under pressure from

authorities elsewhere in the world to pay for news. digital currencies are the next big thing china has started large scale trials of the eat one this year instead of little red paper envelopes beijing is were given cash in digital form full moon a new year presence on their. china is pushing hard for a digital one its any 20 currency may have a big impact on the global economy europe and the u.s. is also looking at central bank to 2 currencies what all of these new payment forms and why us interim banks creating them. well that's what i'm going to ask the correspondent now. to good morning to you so let's let's stay in the region a lot of asian countries including cambodia cetera then how experimenting with digital currencies which one of those do you think has the biggest potential

or is there fully in china since last april beijing has conducted this internal closed the pilot test on is digital currency in 4 major cities including beijing if we take a visit to this pilot areas we'll see new devices with also many new functions for example like access through a.t.m. and this card based rechargeable hardware digital wallet and also virtual digital wallet and add to the future a winter olympic scenes we can also find wearable devices like this cloves badges and smart watches with digital currency functions so if we look at the scale and the progress it's really hard for other countries to catch up right i mean i've said at the beginning of course that the central banks around the world in the us in europe as well they're all looking at creating their own digital currencies but is a big thing it seems in asia how significant are digit currencies especially for emerging

economies. well it's a matter of the monetarists of ready if a country has a strong currency it is a great ability to impact the global economy let's take a china for example again its push for its digital un is to achieve its ambition to internationalize its currency and this will very likely pose a challenge to occur and global research of course is the system so if other countries don't play the game they might lose current to strength or even be excluded from future financial system now you mentioned china at the beginning into beijing's week long trial with a digital one today what impact could a successful digital one have on the global economy. well under the impact of the damage china successful trials spark to improve money the access

to money in complementing cash when social distancing is required and. in a new way for public funding programs and the from beijing successful examples we can probably expect that the other countries will also use digital currency stimulate the economy and help their recovery so hounsou in taipei thank you so much. time now for a look at some of the other business stories making news. we're staying in taiwan where the health minister says he feels political pressure from china may be behind the country's failure to secure 5000000 doses of the buy on take vaccine ion take pulled out of a deal with taiwan during the last stages of negotiation the german company has struck an exclusive deal with shanghai based falso and pharmaceuticals to bring the

vaccine to china. new car sales in europe plunged 24 percent from a year earlier to a record low in january as the coronavirus pandemic to the market under pressure in 2020 marked by strict lock downs and economic upheaval car sales in the 27 member european union slumped by some 3000000 to under 10000000. ford not creator epic games is taking its fight against apple to european union antitrust regulators the game developer has been battling with the i phone maker for months temporarily being kicked off the app store after trying to get around apple's 30 percent fee by using an app payment she seems. business old enough now that isn't a title many 14 year olds can claim but for dave our it's one she's been wearing since the age of 11 the australian teenager started her company as an

indigenous themed closing line but it's since morphed into a much more expensive than shop take a look when 14 year old trio packs mail orders with her father she's the boss she founded her own mail order company a theory age of 11 really anything is achieved war no matter who you are what i like what gender. you can do it. her brand. started out as an indigenous fashion line now taylor also sells houseware and excess arrays from candles to wallets. with the rest of us. black and white you know indigenous and non-indigenous and the pro fall and the coverage and the success that she's had for me immensely perhaps.

more and more success brought more and more responsibility with it can be pretty crazy sometimes because it's like sometimes i have to do stuff to help out with the business a really just hang out with my friends i feel like a lot of people usually just overlook indigenous businesses so for me to be where i am is just crazy and i think it's really good because i'm also spreading a lot of valuable information about indigenous people. for doing business is not just about making a profit it's also about expressing and representing indigenous culture. before we go french baguettes are in the running for this year's your next go heritage lists in competition with zinc roofs and a wine festival in of wa a french bake is have been fighting for the traditional baguettes to be given unesco world heritage status for a while as they grow feel full over the poor quality of bread available in france

in mid march the french culture minister will have to decide between the 3 national bids and submit a choice to president in manuel. it's a tough one i think i'd go for the buy get as a business update here and a w from in the team thanks for watching stacy. the fight against the coronavirus pandemic. has the rate of infection been developing what does the latest research say. information and context the coronavirus update 19 special. on t w. section to go beyond fear such. as we take on the world.

we're all about the stories that matter to. whatever each month. job interview on fire made form. back scenes of stealing the headlines at the financing that's the main complaint of scientists in search of a covert therapy. treatments a still. despite hundreds of drugs being developed already published but thousands of people are dying from the disease every day. preventing it from killing people is vital but doing so can take many forms. such as a working tirelessly to find an effective treatment to prevent severe symptoms from

the illness or death a leading expert on covert therapeutics told you we could see a breakthrough soon with so many medicines in various stages of development some of them already tried test with patients on a tree stage and we see some good interim results which. to think that we can say improvements were then the next year and he says the virus could well stick around after the pandemic so there may always be people who need treatment here's a look at some of the most promising therapies being worked on you may know the name hydroxy chloroquine it was often uttered by former u.s. president don't trump who had hoped it could help win the fight against copa 90. let's see if it works it might and it might not i happen to feel good about it but who knows but science disagreed with that feeling after studies showed that the

decades old anti-malarial drug was ineffective against the new virus u.s. authorities revoked its emergency use authorization. now a year into the pandemic researchers are getting a clearer picture of what works and what doesn't. back to trump and this time a success story. when the president himself ended up in the hospital with covert 19 he was given a drug cocktail made by the company regenerate. trump quickly recovered and became a walking advertisement for the treatment. the region cove to treatment uses artificial antibodies that bind to virus cells and prevent them from replicating. so far studies have shown promising results now the german government has ordered 200000 doses of antibody treatments from a general on and competitor lilly at a price of around $2000.00 per dose. another promising prospect interferon beta

it's a protein produced by the body when it gets an infection and early findings suggest that when it's inhaled by an infected person it could keep 80 percent of hospitalized patients off the ventilator. and this rare sea animal off the coast of spain has become an unlikely source of hope a substance extracted from it is being used to create a drug called put to depths in or applet in which can slow the spread of the corona virus and the human body. early studies show it to be 30 times more effective than the ones hyped rendez of year. one problem all of these treatments are expensive and will likely only be available in the world's wealthier countries demand for widely available drugs like ivermectin has surged in latin america and sub-saharan africa ivermectin is an inexpensive and parasite drug but scientists warn its effectiveness is still in doubt some doctors in developing nations are instead

putting their hopes in affordable steroids treatments like decks and methods but for the world health organization the focus is still clear vaccinate enough of the world's population over the next year to put the pandemic behind us. versus treatments here's our science correspondent derrick williams with another of questions. why when it seems is the. most of the few medications being used to try to treat carbonite like those we just saw are water known as repurposed medicines that means they originally planned for something else. rendez of a year for example was originally developed as a possible therapy for ebola when the pandemic hit researchers started testing these existing medications 1st because they'd already fulfilled

a crucial criteria they've proven safe to take around 400 drugs for treating covert 19 are currently in human trials many of them also repurposed they can be split into 3 broad categories 1st are medications like monoclonal antibodies which are aimed at keeping moderate cases of coppa 19 from getting worse if they're given to patients at the right time by blocking the virus they can sometimes stop the body's immune system from going into this dangerous tailspin that can ravage the lungs and and the heart and other organs if that happens anyway doctors start employing the 2nd type of drugs which are anti inflammatory like that some of those on big come down that hyper immune response that can cause more damage than the infection itself the 3rd group of medications which are at the top of doctors wish lists are antiviral drugs they attack

viruses directly in a variety of ways rather than just trying to block them or treat their consequences but for a number of biological reasons including the facts that they replicate in our own cells and that they change constantly viruses present a difficult target for drug developers developing new antivirals is a long painstaking and expensive process so to answer your question many of us are still looking at back scenes as the only solution because we still isn't really don't have the kinds of tailored knockout therapies that we need to keep people from dying but that will hopefully change soon. when is follows the coordinator of the anti microbial stewardship program of the

brusca medicine let's start with repurposed drugs because there was a lot of hope placed in those that a year on doctors still only have a handful of options none of which have proven convincing why is that. that's right over 1000 still very difficult to treat and that's because corona viruses are more complex than other viruses their genomes are larger than most are named irises and they have a way of double checking viral replication there's been a lot of mixed results with these repurposed drugs and i think that's because disease presentation matters so much at what stage they're at when they come in and really impacts their piece we try to use balancing that immunosuppression and that fighting inflammation and we really have to be cautious about that so that virus doesn't increase replication if we start too early is that the same reason for antivirals why it's so difficult to tailor those treatments to this disease with

anti-virals we really want to start those earlier and most patients don't come in to seek care at least in the hospital until 7 or 10 days of illness now with testing being more available we are seeing them earlier we just don't have good drugs yet that work on the virus the antibodies are really are our best option when we find out if i early why is it the vaccines are here in just 10 months. yeah the development process for anti-virals and is very difficult it often takes 10 years for really any drug to be developed and we're trying to do that in 10 months with vaccines there were multiple platforms that could be used to and search target for 19 to develop antibodies with drug development you really need to have

a target for that treatment or for that virus you know when they come in and it's much more difficult and complex to coordinate these clinical trials in and human volunteers where with vaccines there were is thousands of people lining up to try to be protected and co the 19 was so prevalent in the community it was easier to measure that response and nobody's in the protection from it and we just don't have the anti-viral sitting around that were super effective to severe was mentioned as a little bit of activity. even with other viruses we don't have a lot of good anti-virals like influenza for example there's only a few drugs that work on it we have to target it in the cells of the body and it's more difficult to belt drugs for that than it is for say antibiotics alex you can grow in a lab on their own and get

a relatively good shock of whether it's going to work in a patient viruses have to be developed in cells in the lab even in animal models it doesn't always predict whether it'll work in a human because of the differences insult. disease prevention of course is one of the main goals but that doesn't help someone who contracts the virus today health how much longer will patients have to wait do you think one expert we heard from a reckons within the next off yet. yeah i say maybe within 6 months but i say more likely it'll be years that we're going to wait for a very effective treatment i think you know a lot of our resources were put into vaccine development try to prevent it the next phase should be. in drug development as i said it's very difficult to target that mac and as i'm up roughly cation for viruses and especially corona

virus what is the main focus when it comes to producing medicines against. there are a couple different strategies one of them is to deliver the drugs earlier at the site of infection. that severe for example hasn't and haled formulation that is being studied there's another oral anti-viral monye pure career that is being studied that's an oral option that could be given earlier in the community in an attempt to terminate these spiral replication pattern inside the body and in a different way so that that proofreading ends i am within that 19 doesn't recognize that there's a change and that the are in and falls are trying to replicate. from nebraska medicine thank you very much for being on the show today pleasure thank you. finally most libraries remain closed which is a pain for kids sad readers and scholars they found

a work around in budapest the biggest libraries set up a swap point it's proving popular with patrons making a reservation online and receiving the folks at the library gates all without entering the building the bookstore have to be quarantined for 72 hours after it's . thanks for watching stay safe and see against them.

or not too well. what about assuring the economy instead. of. the change in thinking is changing the economy to create something new. the economics magazine in germany. 30 minutes w. . because. when you combine

a mission to bomb the way that makes eco friendly transportation and a berlin startup that recycles batteries from electric cars what you get are emissions free cargo bikes for women who live in the countryside. the mobility for zimbabwe the cocoa for the. 90 minutes on d. w. . it's about billions. it's about our work. it's about the foundation of the new world order of the new silk road. china wants to expand its influence with this trade network and so euro conflicts

are inevitable the consequences unpredictable the guinness book of the shaking of the chinese state has a lot of money at its disposal from gambling and that's how it's expanding and asserting its status and position in the world we face a good job of course. china is promising its partners rich profits but in europe there's a short good morning you could never accept money from the new superpower will become dependent on i mean. china's gateway to europe. starts feb 19th on w. play . play

play play play play. play. is the news live from our land a massive show of opposition in myanmar protesters returned to the streets for some of the papacy and t 2 demonstrations yet they turned streets into parking lots blocking potential routes school security forces the u.n. warns of troop build up so that they could be in a coming to act out. also coming up to stay and fight or abandon the war against the taliban.