the european commission wants to investigate whether the german financial regulator baffin failed in its supervision of why oh why a card the goal is to find out if early warning signs were missed the german government says the case shows the need for greater oversight of the financial sector. the dutch and french governments have reached a deal to see france kalen through the coronavirus crisis the netherlands will provide a 3400000000 euro aid package to keep it that's in addition to a 7000000000 euro bailout already agreed by friends. and the world's biggest cosmetics company l'oreal says it will remove words like white fair and light from its skin evening products the black lives matter movement has led to scrutiny of companies who markets skin whitening creams l'oreal is a major seller of such products in the likes of asia africa and the caribbean. now iran's currency the reaal has fallen to record lows against the dollar this week the coronavirus pandemic has kicked a currency that was already reeling from the effects of severe u.s. sanctions against tehran for rainy and worker

however will come out empty handed scandal at why has put germany's financial regulators under pressure baffin is being asked why he didn't spot the problems out the listed company sooner or even cause for a parliamentary inquiry germany's finance minister has described the situation as an unparalleled scandal and. a scandal like the wire card scandal must be a wake up call that we need more supervision and control of the financial markets than we have today we owe this to the shareholders or the employees of these companies if and in particular to germany as a financial center and to all of us as citizens that's silly. now more americans filed for unemployment benefits than expected last week the number of new jobless claims is 1500000 but that is still much less than the 7000000 seen during a single week back in march the new data comes as new cars in 1000 cases jump in western and southern states with texas suspending reopening plans that could deal a new blow to businesses already struggling to emerge from coronavirus lock downs experts are warning that reinstating coronavirus restrictions

a stunning statement that also raises questions about german regulators markets watchdog baffin sided with wire card after the 1st press reports on irregularities it even filed a criminal complaint accusing journalists of trying to damage the company's stock price the agency now says it will review its handling of the case the missing wire card money amounts to a quarter of its total balance sheet it's now facing a cash crunch and says it's in talks with creditors but time could be running out for the company once town says it's the future of german finance. so what is a scandal mean for wire is our financial correspondent chelsea delaney. well the mystery over why are cards fan it says really deepens by the day the 2000000000 euros that may have never existed is really just the tip of the iceberg wire kurt has been facing allegations for more than a year now over its accounting practices but what's really emerging as a potentially widespread and enter connected where. a fraudulent results at the company an addition to the 2000000000 euros that they're saying didn't exist they're also

european commission wants to investigate whether the german financial regulator baffin failed in itsupervision of the payment processing company wild card the goal is to find out whether early warning signs were overlooked wild card filed for bankruptcy after a hole of nearly 2000000000 euros was found in its accounts. it's a month after the death of george floyd in police custody in minneapolis the protests may have died down but the behavior of the police remains a hot topic and only in the us the conduct of the police in many european countries is also being questioned not least in belgium where there's anger about the recent death of a young man who flouted lockdown rules. justice for a deal more than 2 months after a police chase came to a deadly entier in the underlaid neighborhood of brussels messages of solidarity and calls for action remains strong. markings on the ground show where the 19 year old scooter crashed head on into a police car the police were chasing a deal because they suspected. i'm afloat in the lockdown he died immediately the case is still under investigati