coming right up as our coverage $900.00 special show with kate ferguson you're watching t.w.nears the mile iraq and. thank you so much for spending is part of. combating the pandemic. where does research stand. what are scientists learning. background information and. our corona update. 19 special next on d.w. . parasail the saudi oil. body that will never be. connected to the highest levels of government. why do journalists shockey have to die. to spread this for. 2 years later and the reasons are still unclear the case of jump. starts september 30th on t.w. . the coronavirus pandemic has put the spotlight on the often difficult relationship between science and politics. in the scientific world researchers tried a slow and methodical top in the search for truth but for some politicians the rush to deliver quick and easy answers to complex questions has made find to figure research into a political football. how does the virus spread. to mosques really protect their way or is who is most at risk from the pump to make understand how government researchers. still learning about

is business i'm kate ferguson thanks for joining me a huge data leak has revealed the extent of dodgy cash flows at some of the world's biggest financial institutions an investigation led by the international consortium of investigative journalists reveals 2 trillion dollars worth of suspicious cash flow has made its way through the financial system major banks including j.p. morgan h.s.b.c. and most notably germany's biggest lender deutsche bank are implicated as our next report shows is certainly no stranger to scandals. for years customers from russia and other former soviet states money into the western financial system via had to watch a bank the so-called mirror trade scheme on ravelled in 2015 the bank later peter settlement of more than $600000000.00 georgia. was found to have been engaging in a variety of suspect trades involving as much as $10000000000.00. the bank didn't seem to be a victim they seem to be a participant in these mirrored trades back then don't promise to clean up its act now u.s. financial documents reveal that the bank itself estimated internally that this

kate ferguson has your business update of the day. care that vi work that's hard and in the end it's a me your not a lot of the year and more we will send you back. are you familiar with this. new smugglers with lions and. what's your story. 'd 'd on what numbers and women especially in victims of violence. take part and send us. your story you are trying always to understand this new cold. saw your another visitor another guest you want to become a citizen. to margaret's your platform for reliable information. but going to grinded 737 mocks could get the green light to fly again but with the aviation industry in crisis and the models reputation in tatters the playmakers problems are far from over. also coming up cuba to currency system could soon be coming to an advantage but is the country prepared for the economic fallout years of the move. on that part of africa tentatively reopens the country is hoping domestic tourism will help restore its dealing travel industry. this is the end of the business i'm kate ferguson and i for joini

business news with kate ferguson stick around kate will be right. lucky. and free to any games full of surprises moved on. to some tips for you. in the footsteps of groceries. in her. most town the fleet street. 3 times long past but still very much alive. to specialists in germany. recognize where exactly. was. the last car culture history. v.w. travel extremely worth a visit. driving change california becomes the 1st american state to plant a bomb on new got fully fueled vehicles we'll find out how car makers are taking the news. also coming up right now on bale's a new scheme to help workers who've lost so close to the pandemic. made in a way where in hong kong local producers are upset over a new u.s. rules that require them to label their products made in china. this is me business i'm kate ferguson thanks for joining me. california is planning to bomb the sale of new gasoline vehicles from 2035 it's the most significant step any u.s. state has taken to reduce the burning of fossil fuels and i are from the white house the issue of climate change is fr

this is business i'm kate ferguson welcome to the show we got between the u.s. stock markets on the experience of people on the ground appears to be widening shares in tech companies in particular have been climbing to new highs apple's value rose again on tuesday fueled by a decision to make it stop available to smaller scale investors on hopes that it by t. i phones will sell well the value of other companies like video conferencing top form and zoom have also been writing extremely high during the pump him. meanwhile one in 10 americans work that's talk more about these market moves with these financial correspondent in new york hi yen is the u.s. tech industry really as resilient as it seems. well i mean i'm standing here in front of a local metal store in brooklyn and it looks like business is doing pretty well but does this to justify a market valuation of more than $2.00 trillion dollars ever loan is now worth more than the entire russell 2000 index that's an index that shows 2000 as smaller cap u.s. companies or if you look at zoom for example just here

the business i'm kate ferguson thanks for joining me we begin in the united states where the architects of the country's economic response to the coronavirus are in the spotlight u.s. federal reserve chairman jerome powell and the treasury secretary stephen minutiae have both faced questions at the opening of the financial services committees 3 day hearing the focus is on what is valuation the government's 2 trillion dollar stimulus relief package and on assessing the shape of a future recovering let's take a listen to what both men had to say about how they feel the u.s. economy is fairing. america is in the midst of the fastest economic recovery from any crisis in the u.s. your august jobs report showed the economy's gained back 10600000 jobs since april nearly 50 percent of all jobs lost to the america the unemployment rate decrease to 8.4 percent a notable achievement considering many people thought it could get as high as 25 percent both employment and overall economic activity however remained well below their creep endemic levels in the path ahead continues to be highly uncertain

this is business i'm kate ferguson thanks so much for joining me the face of a pipeline that's to deliver russian natural gas to europe is in question significant opposition from eastern european countries the united states has already seen work in the baltic sea frozen with a pipeline 90 percent complete now the poisoning of prominent cramming critic alexina volley has prompted some german politicians to call for the project to be scrapped entirely. earlier we spoke to energy economist claudia can 1st who gave us her take on whether north stream 2 could be consuls and whether western countries could impose more sanctions on russia over the case of alexei navalny well it's becoming more and more likely that the pipeline might be completely stopped for the last few metres we have to say 1st the americans did everything possible to stop the pipeline construction and now the serious geopolitical crowds calling calling also for sanctions against russia we see germany will probably have but little interests and stopping the pipeline now because it could also harm the german companies so to me

business is up next with kate ferguson stick around. most muslim women should be their face and determine. just what drivel to the militant feminist to do i don't want anyone to tell me what's right and wear a headscarf no. 2. women are striving to reform very small. traditional prejudices. september 24th t w. on the verge of a debt default zombie at becomes the 1st african country to african vast areas for relief on interest payments the move has fueled fears of a looming debt crisis on the continent. also coming up ted left feel you long enough to want to make electric mobility more affordable we'll tell you how he's planning to do with us. on the great few s. wine growers fear for their livelihoods obst wildfires ruined their harvest. this is d.w. business on cape ferguson welcome to the show. could sound be a become the 1st african nation to default on its debts as a result of the pandemic the copper rich country has offered investment to accept to lay it in interest payments on $3000000000.00 worth of international bonds citing dec

this is the tell me business i'm kate ferguson thanks for joining me how to network during a pundit mic the question conference organizers all over the world are grappling with as the coronavirus curtails in person. among the events going virtual this year is. acro link an annual meeting of entrepreneurs from africa and europe aims to bring together star shops on to foster cooperation in tech innovation more than $300.00 people are attending this year's event with the hope that the relationships forged online will lead to a business partnership. that's talking to the founder and c.e.o. of the athlon conference moses the could is joining us from right here in berlin moses what's it like bringing an event like this on line. thank you for having me. relate to how many of. you know about it but if you have and it's called not physically but eventually you know lending. is being made and they do actually do you in a place where normally you have more people coming in but one of the beautiful things is that it was. lent and i believe will and we have actually seen that there's been a lot of i

this is over 1000 special i'm kate ferguson thanks for joining me at the height of the pandemic schools in some 190 countries closed their doors many have since reopened but the experience of lockdown heightened major inequality in education and even richer countries like germany have struggled with the challenges of going to. pencils i shop and books are out and students are back in the classrooms but it seems not much of the digital learning put in place during lockdown has survived here at the smiths causeless school and. teacher says many of the challenges involved in digital learning for main. the foundational problems are still there a lot of parents don't understand technology a lot of families don't have internet or digital technology at home but the schools are much better prepared so we are able to have clouds and messenger services and email but it's all. in accordance with data protection laws which was not the case before the corona crisis has made schools realise how much still needs to be done and in most classrooms teaches and students still refuse analog tools and learn

that's it you're up to date it's not a date of leave business with kate ferguson is next i'll see you at the top of it with the. been robbed of their soul that's what a people experiencers when their heritage is taken from them. countless cultural riches were stolen from africa and carted off to europe by colonialists. each artifact has blood on it from there have yet to heal. what should be done with the stone or from africa. this is being hotly debated on both continents. the unsold store september 7th on w. diamonds in decline and demand for the precious stone slums during the pandemic african countries including botswana are feeling the pain. and while travel restrictions have devastated the aviation industry there's rising online shopping 100 feet up demand for air cargo trucks force. this is an event ferguson thanks for joining me we begin in botswana where the coronavirus has dealt a major blow to the country's all important diamond industry the precious stones have transformed ponce one a from one of the poorest nations in africa to one of its most successful mid-sized economi

you're watching the news stick around because up next is business news with kate ferguson don't forget you can get all the latest news and information on a map by heading to our website that's d w dot com and you can also follow us on twitter our handle is at d w news on whale iraq on behalf of the entire news team he's watching. region meet full of surprises. going to call out. to do something. one day in the footsteps of the great please. turn around the place. for a time you want to film very much alive. travel to specialists in germany . where exactly. in the last hours culture history they're. dealing travel extremely worth a visit. prospects in a pond dam like the coronavirus has dealt a blow to the corner me but an initiative aimed at keeping young people in work stands the tide of youths unemployment. also coming up the face of take talks u.s. operations are in question was washington on beijing buying gold for control. on the people shot and buses and trains body parts everyone's new thank god for transformers but you can't suppliers keep up with did not. this is a business i'

see the business i'm kate ferguson thanks for joining me the corona virus has dealt a devastating blow to economies across africa young people and those in the informal sector are especially at risk but one country appears to be bucking the trend in some respects at least while ghana's economy has contracted the government's latest figures suggest unemployment has actually fallen since the punjab nick began our reporter isaac collette c took a look at how one corporate program in the capital accra is helping young people to carve out a future in the garment industry. a month ago anita larby had few skills with a needle and thread but today she uses an industrial sewing machine to produce clothing larby isn't training at this factory in ghana's capital she and other trainees learn how to make high end apparel and personal protective equipment or p.p.c. such as surgical masks and gowns even as a trainee larby receives a monthly salary and allowances from the company yeah all the time all right this is where it's easy for the death of my family but almost all that he didn't see being give

ok meanwhile that $13000000000.00 euros just sits out there pressing it in cyberspace all right kate ferguson from the deadly business thank you. so next story has the ravings of a brown thriller catholic cardinals fighting over huge amounts of money a pope brought in to clean up the stench of corruption allegations of child abuse financial corruption court cases and overturned guilty verdict today's episode concerns one cardinal angelo a bench you who resigned unexpectedly on thursday on friday he told the press the pope had told him to go because of allegations of investment he said the charges relate 210-0000 euros that he gave to a charitable organization run by his brother the money is actually still in the church's bank but questions are also being asked about a 200000000 euro london property investment and again the way the cardinal tells it this all came as a bolt out of the blue. to give each are going to cause a suit of the year if you know it was a surreal feeling because until 6 o'clock yesterday evening i felt as a friend of the pope of faith full servant of the part. and each of

this is over 1000 special i'm kate ferguson thanks for joining me at the height of the pandemic schoolsin some 190 countries close their doors many have since reopened but the experience of lockdown heightened major inequality in education and even richer countries like germany have struggled with a child.

special i'm kate ferguson thanks for joining me at the height of the pandemic schools in some 190 countries close their doors many have since reopens but the experience of lockdown heightened major inequalities in education and even richer countries like germany have struggled with the challenges of going to. pencils a shop and books are out john and students are back in the classrooms but it seems not much of the digital learning put in place during lockdown has survived here at the smiths causeless school in berlin. teacher says many of the challenges involved in digital learning for main. the foundational problems are still there a lot of parents don't understand technology a lot of families don't have internet or digital technology at home but the schools are much better prepared so we are able to have clouds and messenger services and email but it's all. in accordance with data protection laws which was not the case before the corona crisis has made schools realise how much still needs to be done and in most classrooms teaches and students still use analog tools and learning materials

this is 1000 special i'm kate ferguson thanks for joining me at the height of the pandemic schools in some 190 countries closed their doors many have since reopened but the experience of lockdown heightened major inequalities in education and even richer countries like germany have struggled with the challenges of going to. pencils a shop and books are out and students are back in the classrooms but it seems not much of the digital learning put in place during lockdown has survived here at the sleds causeless school in berlin. teacher says many of the challenges involved in digital learning for main. the foundational problems are still there a lot of parents don't understand technology a lot of families don't have internet or digital technology at home but the schools are much better prepared so we are able to have clouds and messenger services and email that is all. in accordance with data protection laws which was not the case before the corona crisis has made schools realise how much still needs to be done and in most classrooms teaches and students still use analog tools and learn

union ok meanwhile that 13000000000 euros just sits out there pressing it in cyberspace all right kate ferguson from did every business bank you. know next story has the ravings of a brown thriller catholic cardinals fighting over huge amounts of money a pope brought in to clean up the stench of corruption allegations of child abuse financial corruption court cases and overturned guilty verdict today's episode concerns one cardinal angelo a bench you who resigned unexpectedly on thursday on friday he told the press the pope told him to go because of allegations of embezzling pieces the charges relate 210-0000 euros that he gave to a charitable organization run by his brother the money is actually still in the church's bank but questions are also being asked about a 200000000 euro london property investment and again the way the cardinal tells it this all came as a bolt out of the blue to get each are going to cause a tsunami on the year it was a surreal feeling because until 6 o'clock yesterday evening i felt as a friend of the pope. a faithful servant of the part. and each of them in the pipe

special i'm kate ferguson thanks for joining me at the height of the pandemic schools in some 190 countries close their doors many have since reopened but the experience of lockdown heightens major inequalities in education and even richer countries like germany have struggled with the challenges of going to shit hole. pencils a shop than books are out and students are back in the classrooms but it seems not much of the digital learning put in place during lockdown has survived here at the smiths causeless school in berlin. teacher says many of the challenges involved in digital learning remain. the foundational problems are still there a lot of parents don't understand technology a lot of families don't have internet or digital technology at home but the schools are much better prepared so we are able to have clouds and messenger services and email that is all. in accordance with data protection laws which was not the case before the corona crisis has made schools realise how much still needs to be done in most classrooms teaches and students still use analog tools and learning materials t

this is over 1000 special i'm kate ferguson thanks for joining me at the height of the pandemic schools in some 190 countries close their doors many have since reopened but the experience of lockdown heightened major inequality in education and even richer countries like germany have struggled with the challenges of going to. pencils a shop and books are out and students are back in the classrooms but it seems not much of the digital learning put in place during lockdown has survived here at the phillips causeless school in berlin. the teacher says many of the challenges involved in digital learning remain. the foundational problems are still there a lot of parents don't understand technology a lot of families don't have internet or digital technology at home but the schools are much better prepared so we are able to have clouds and messenger services and email that is all. in accordance with data protection laws which was not the case before the corona crisis has make schools realise how much still needs to be done in most classrooms teaches and students still use an unknown tools and

this is over 1000 special i'm kate ferguson thanks for joining me at the height of the pandemic schools in some 190 countries close their doors many have since reopened but the experience of lockdown heightened major inequalities in education and even richer countries like germany have struggled with the challenges of going to. pencils a shop and books are out and students are back in the classrooms but it seems not much of the digital learning put in place during lockdown has survived here at the smiths causeless school and. teacher says many of the challenges involved in digital learning remain. the foundational problems are still there a lot of parents don't understand technology a lot of families don't have internet or digital technology at home but the schools are much better prepared so we are able to have clouds and messenger services and email that is all. in accordance with data protection laws which was not the case before the corona crisis has made schools realise how much still needs to be done and in most classrooms teaches and students still refuse analog tools and learnin

this is news covert 900 special i'm kate ferguson thanks for joining me here in germany chancellor angela merkel has warned that the number of corona virus infections could rise to almost 20000 a day by christmas if the current trend continues she says the priority must be to bring numbers down while keeping the economy alive throughout the pandemic she's been shaping her policies around the latest advice from germany's scientists and researchers among the experts that have her ear is the country's most well known for. austin. where a mosque wash your hands and maintain distance people in germany are accustomed to following the safety and gene guidelines yet despite fears the rate of infection is . wyoming with more than 2000 new cases in a single day the highest count since april germany's most prominent virologist thorsten sees the development critically he recently spoke at a conference in berlin and detailed some of his concerns in an interview with deutsche available. at other countries look at france the u.k. spain what we're seeing there is what we will see germany. if we don't rea

that's all from me and the news team kate ferguson as the business news for you that's up next i'll be back with a world news update at the top of the hour and don't forget you can step up to date with all the news on our web site that's t w dot com and do follow us on twitter on instagram they have a list. of us from the other team fans who. like. a mug or just love. food for the russians so. you run steam. through many different walks of life. some our own path.

that doesn't trust some little rock in berlin business is up next with kate ferguson supporter. most.

you're watching the news of business news with kate ferguson will be right back. to any surprises. now it. comes. down to. 3 times.

is business i'm kate ferguson thanks for joining me a huge day to leak has revealed the extent of dodgy cash flows at some of the world's biggest financial institutions an investigation led by the international consortium of investigative journalists reveals 2 trillion dollars worth of suspicious cash flow has made its way through the financial system major banks including j.p. morgan h.s.b.c. and most notably germany's biggest lender deutsche bank are implicated as our next report shows is certainly no stranger to scandals. for years customers from russia and other former soviet states money into the western financial system by had to watch a bank the so-called mirror trade scheme on ravelled in 2015 the bank later paid a settlement of more than $600000000.00. george. was found to have been engaging in a variety of suspect trades involving as much as $10000000000.00. the bank didn't seem to be a victim they seem to be a participant in these mere trades back then don't have bank promise to clean up its act now u.s. financial documents reveal that the bank itself estimated internally tha

this is deeply business i'm kate ferguson welcome to the show. germany is playing host to an important and elusive visitor billionaire tech entrepreneur because in time to talk business 2 major projects are keeping him busy the search for a cope with 1000 vaccine for the construction of a huge electric car factory outside of berlin but he's kept a low profile throughout his visit and many of those hoping to cash a glimpse of him are left disappointed. during his german visit the law most made it clear where his priorities are right now the biotech company cure voc which is trying to create a coronavirus vaccine on tuesday must visit a cure back into being and in the country southwest the tycoon kept a low profile and his fans didn't get to see him because i'm waiting for it on musk is my great idol and i really want to see him. on wednesday he arrived in berlin where he met industry bosses and chancellor angela merkel. praised the cooperation between cure of ak and tesla subsidiary grown automation and presented a new bio printing technology whic

business i'm kate ferguson thanks for joining me germany is expecting a rapid economic recovery after the initial shock calls by the coronavirus economy minister appear to my a signal the country was a ready emerging from the worst of the crisis the contraction expected for 2020 now being revised down it to 5.8 percent last quarter though germany posted its biggest decline in decades as lock downs and travel restrictions dealt a major blow to the economy but my if those things will improve because it's an incentive we can reckon with a v. shaped recovery. a classic example as a columnist sort of imagine things going in such a situation. that is unfortunately a massive drop due to the sheer force of events. but then an unexpectedly fast recovery the goes to show that the german economy was in the good condition going into the pandemic. now germany has managed to keep unemployment relatively stable during the pandemic that's largely thanks to government programs that have helped employers keep on stuff during the crisis the situation in other eurozone countries though is rather differen

this is business i'm kate ferguson thanks so much for joining me the face of a pipeline that's to deliver russian natural gas to europe is in question significant opposition from eastern european countries the united states has already seen work in the baltic sea frozen with the pipeline 90 percent complete now the poisoning of prominent cramming critic alexina volley has prompted some german politicians to call for the project to be scrapped entirely. earlier we spoke to energy economist claudia can 1st who gave us her take on whether north stream 2 could be consuls and whether western countries could impose more sanctions on russia over the case of alexei navalny well it's becoming more and more likely that the pipeline might be completely stopped for the last few metres we have to say 1st the americans did everything possible to stop the pipeline construction and now the serious geopolitical crowds calling calling also for sanctions against russia we see germany will probably have but little interests and stopping the pipeline now because it could also harm the german companies so to m

this business i'm kate ferguson thanks for joining me u.s. unemployment has dropped from 10 to 8 percent but there's concern over the pace of recovery just under 1400000 positions were added in august how about 2 thirds of july's figures the trends the jets that the u.s. economy may take a longer it to be banned and expected. job losses mounted faster in the u.s. than anywhere else at the beginning of the pandemic. they were also supposed to rebound quickly. that's the benefit of a flexible labor market where hiring and firing is easier compared to more regulated economies and often happens fast but the new job numbers give cause for concern. following massive job losses in april hiring picked up in may and june in a big way but then slowed in july as coronavirus infections began to rise and now it slowed once again in august. the question now is when the labor market will find those jobs again with the u.s. still struggling to control virus outbreaks. the new figures also add to the pressure on congress to extend federal benefits that expire