know is this would be a 3 part package the 1st would be a $3000000000.00 euro loan from the german development bank but where the controversy really lies in the other 2 parts so that the german government would buy about 20 percent of tons of shares and in addition to that they would buy what's called a convertible bond and what that means is that it's debt that the government would be able to turn into stock if it wanted to if it would pull that lever they would have a 25 percent stake in left. and that number is really important because it's the threshold at which the government would be able to overrule all other investors if they wanted to block any sort of corporate strategy change they would have the power to do that with this 25 percent stake the government has said that they don't plan to utilize these voting rights they plan to be a silent participant but they have said that they could use that that 25 percent stake if for example the company is facing some sort of hostile takeover situation and that's what if situation is really what's worrying look tons investors right now. josie the lad

do know is this would be a 3 part package the 1st would be a 3000000000 euro loan from the german development bank but where the controversy really lies is in the other 2 parts so that the german government would buy about 20 percent of tonnes shares and in addition to that they would buy what's called a convertible bond and what that means is that it's debt that the government would be able to turn into stock if it wanted to if it would pull that lever they would have a 25 percent stake and. and that number is really important because it's the threshold of which the government would be able to overrule all other investors if they wanted to block any sort of corporate strategy change they would have the power to do that with this 25 percent stake the government has said that they don't plan to utilize these voting rights they plan to be a silent participant but they have said that they could use that that 25 percent stake if for example the company is facing some sort of hostile takeover situation and that's what if situation is really what's worrying look tons investors right now chelsea delaney

do know is this would be a 3 part package the 1st would be a 3000000000 euro loan from the german development bank but where the controversy really lies in the other 2 parts so that the german government would buy about 20 percent of tons of shares and in addition to that they would buy what's called a convertible bond and what that means is that it's debt that the government would be able to turn into stock if it wanted to if it would pull that lever they would have a 25 percent stake and. and that number is really important because it's the threshold at which the government would be able to overrule all other investors if they wanted to block any sort of corporate strategy change they would have the power to do that with this 25 per cent stake the government has said that they don't plan to utilize these voting rights they plan to be a silent participant but they have said that they could use that that 25 percent stake if for example the company is facing some sort of hostile takeover situation and that's what if situation is really what's worrying tons investors right now. that it's time now on

of $1400000000.00 euros the project uses german technology and german financing a 740000000 euro loan from the state owned development bank k f w all this for coal fired power production that's being phased out in germany. the landslide in mop opihi took place in 2010 in the village of an arche about 30 kilometers away there was a landslide in the summer of 2017 also near a coal mine. or east coast kind of p.t.'s house was directly about the big crack. this is our east coast and his son petrus. they continually check on the condition of their home. the ground is still sinking it's too dangerous to go inside. to fix. the they because the vote is more than that he didn't need they got the power company doesn't want to pay compensation because they say there's no lignite here minutes up a look at us all a bit about you know about us that it but the mine is just 300 metres away so they should have known that something like this might happen it's not a myth it's not my job to tell them about any of this record was cut his email would you think it would just be good that you're here they should have warned us earlier to leave i

another big development around the european central bank, the german constitutional court made a rulinged the room for maneuver for the ecb? valentin: it certainly added to the uncertainty when it comes to the implementation of the ecb's qe program. the ecb did not try to talk to the german constitutional court. it is relegating the whole matter to a purely german matter , so that attitude between two important institutions in the eurozone as a whole is not helping. from here, the ecb will try to fight the issue by putting greater emphasis on the pepp program, the pandemic purchase which has not -- been mentioned specifically and by implication where the bundesbank should and principal be able to participate further, that is the same reason the court used to criticize the implementation of qe that it may be used for pepp as well. uncertainty will likely increase from here. tom: it is jobs day in america. the struggle in europe and all the constitutional stuff that i don't understand, will europe revert with higher unemployment back to the permanence of that higher unemployment? valentin

," global central banks continuing to pledge whatever it takes to contain the economic damage from the pandemic. we will be discussing the latest developments on the ecb and the germaning on its bond buying program, next. this is bloomberg. ♪ karina: this is "daybreak asia." i am karina mitchell with the first word headlines. excuse me. the white house is discussing shutting down the coronavirus task force, possibly as soon as this month with vice president mike pence saying it has achieved its goal. he said that u.s. has it slowed the spread of the infection and the administration is confident it can meet demands for medical resources in the future. pens added any decision on the -- pence added any decision would be based on conditions at the time. u.s.-china conditions continue to sour. beijing turning its fury on president trump's top diplomat after the white house repeated the infection came from a lab in wuhan. chinese state media released a torrent of criticism as mike of mike pompeo, calling him a liar. has shownduro evidence he claims proves american mercenaries have tried to launch a coup. he said two u.s. citizens have been arrested after their armed group