Coronavirus fears and head to the polls for a controversial vote on constitutional reform it could allow president Vladimir Putin to stay in power for another 16 years. Im going to Office Welcome to the program its crunch time full of tons of shareholders of germanys flag carrier will begin voting soon on whether to accept a 9000000000 euro rescue package that would make the German Government the allens biggest stakeholder should shareholders reject the deal or could face insolvency is how the head of lufthansa supervisory board. Sized up the choice at the beginning of the virtual gathering. You know we dont have any more money. Were going to be living off reserves that we set aside during the good years. Soon we will have used most of those up. Without support and we face insolvency in the coming days. For more than joined by our financial correspondent chose to delineate and fun for chelsea we owed of money those were very very clear words from the companies because we bought cheese isnt he admitting its the managements own fold. But i dont think the management really could prepare for this crisis even coming in to the beginning of the crowd of ours tons it was seen as one of the best positioned airlines to really ride this out they had about 4000000000 euros in liquidity they have a lot of airlines that they own and that they could lease are borrow more money off of so they did have a pretty strong business position coming into this but of course they just couldnt for see how widespread and how long these these restrictions that last they had to ground almost all of their flights they say theyve been losing a 1000000 euros every hour or so for any airline really that would really bring you close to the brink but there is obviously a lot of frustration pouring out today we have seen during this annual air during the Shareholder Meeting a lot of questions directed at the management sort of asking why why arent we getting a better deal in this bailout why why are we having to make so many concessions so there definitely is frustration today as well so as the annual meeting has started is it a done deal that deal and so does will back this bailout today. Its not a done deal yet the voting hasnt been completed it does look quite likely that it will pass this really changed over the past 12 hours that when the tons largest shareholder who had been sort of signaling he was going to vote against the bailout he changed his mind and said he would now vote for it that should allow them to pass this bailout but as is that there is a lot of there is still a lot of a lot of has a tense and a lot of a lot of questions from from these investors because of the 20 percent stake that the German Government is going to get theyre going to have to see there at the value of their own investments in the company to klein and that is also going to have to give up some really lucrative spots and air and airports here in frankfurt and munich so they will see just advantages from this but really what the company is saying what investors and saying and what employees are also saying is that this is the best of our options theres really no other path forward other than bankruptcy and this would be the lesser of 2 evils so the governments been a 9000000000. 00 euro zone but a lot this is purely a political decision or will the german taxpayer get it out of it so will tons of or excuse me the German Government is buying these shares at a very reduced rate so they could in the future when they sell it when they sell back the shares they could make some money off of it but it really is mostly a political and economic decision employs about 75000 people here in germany and close 2140000 worldwide so thats obviously helps save jobs and for germany its really important to protect this really storied and crucial employer here called it part of the family silver here in germany so they really do want to make a stand and protect important german business. Chelsea thank you very much we come back to you a bit later in the show and while were waiting for the all important shareholder vote on the rescue package business id love to answer is going on including investments in new applicants t w reporter hitched a ride on a test flight and finds out their loved ones us trouble may be largely of its own making to go here and clear up with. Loved ones of pilot old mission iman opens the throttle on this airbus a 350 for a test flight in the skies over the toulouse Assembly Plant germanys Biggest Airline placed its order for the modern efficient aircraft some years ago the fact this acceptance flight is taking place during the biggest crisis in love chances history hasnt escaped the pilots attention. Because its an important signal to my colleagues who are sitting either at home or in short time work these are tough times but its important to look towards the medium and the long term to see that things do get better and things continue. To get. The a 350. 00 has a catalog price of 300000000. 00 euros and love tons of specialists checking every detail. Of interest as you see the security before the money changes hands and puts the plane through its paces with a series of stomach churning maneuvers transistor actually in the process of reducing the size of its fleet so the purchase of a flashy new jet is the subject of much debate throughout the carrier including its city line subsidiary in munich this aircraft is almost full much to the relief of staff in the cabin and cockpit but its not enough to overshadow an uncertain future. Into lose and back on solid ground. Aviation analyst yes flatow things look times as Turbulent Times now to a large extent homemade and that blaming the pandemic is all too easy puppy love i mean mystic was to believe that they could get away with relatively small cash reserves. Other airlines have done a better job of that British Airways owner i agee has much more cash and was a lot more profitable before the Coronavirus Crisis look at ryanair and easyjet too which have managed with pretty much no Government Support of. This a 350 has been named after the german city of book but theres no guarantee that it will ever carry passengers anywhere full of tons or. Was there in the world of business German Electronic Payments Company wired card has filed for insolvency as a major accounting scandal is taking shape why a card process has billions of euros worth of credit and debit transactions every year and now the company is threatened with collapse it was a historic day at the Frankfurt Stock Exchange and not for the most positive of reasons for the 1st time a company from the elite club of german blue chip stocks the dax is filing for insolvency. Wire card shares have plummeted by 98 percent within the past week following the revelation that the company had a gaping 1900000000 euro hole in its books that news came out after the companies are to refuse to sign off on its 21000 accounts this in turn led to the resignation of wire card c. E. O. Marcus brown prosecutors are now charging brown with market manipulation and tampering with wire cards books hes been released from custody on 5000000 euros bail. The insolvency filing does not automatically mean the end of the company the wire card could regain solvency with the help of health side investors should not emerge the company will be dismantled and creditors paid by the sale of whatever assets wire card owns. Shareholders however will come out empty handed now for more on that lets go back to find food and market correspondent Chelsea Dillon its very busy day for chelsea. Is this the end for the company well certainly the most spectacular implosion in recent memory here and germany whether this is really the end its really too early to tell they are obviously flying filing for insolvency that can really turn out a couple different ways though they could use this as a chance to restructure and think about where they can cut costs where they can save and what a sustainable path forward look like but what investors and analysts are saying is that so much of this business appeared to be fake that they may not have really anything worth restructuring over so it seems really difficult to see a path forward for for this company and if you look just at the stock reaction investors are clearly not seeing a path forward either but it sounded like a management problem for us but it looks more and more like to clear cut case of role what are you hearing about what really happened. I think thats the question that everyone is trying to answer right now these allegations of fraud to have been really dogging the company for about a year and a half 2 years now but this is obviously going much deeper than anyone thought it appears what like what had happened at wire card was that they were reporting a lot of and coming in a lot of business from overseas partners and thats where they were allegedly stashing this 2000000000 this 1900000000 euros that doesnt exist didnt exist that they last week but it seems that they were certainly inflating the business that theyre overseas partners and thats what led to the arrest of the c. E. O. Earlier this week but there will obviously be a lot more questions and a lot more answers Going Forward as this investigation comes through shows that lenny and french would say thank you. Lets take a look now at some of the other news stories making headlines today german from a surgical make a buyer as agree to pay almost 11000000000. 00 u. S. Dollars to settle a lawsuit over the we told our round up since it bought monsanto in the u. S. Which manufactures decide by as phase numerous lawsuits in the United States over claims that the product causes cancer. The Health Minister of the democratic republic of congo has announced the end of its ebola that calling it the longest most complex and deadliest epidemic in the history of the nation it began in august 28th and went on to take more than 2000 lives that more than 300000 people were given experimental vaccines. The u. S. Has recorded its biggest daily increase in cases since april new infections are climbing sharply in several states including texas florida and arizona shares of wall street plunged on wednesday amid new fears about covert 90. Authorities in india launching a massive Coronavirus Survey of the entire population of the capital delhi thats 29000000 people and the aim is to test everyone with symptoms by july 6 delhi has become the worst hit city in india with more than 70000. 00 cases police will be deployed to enforce physical distancing and prevent the mixing of the population in the cities 266 Containment Zones india as a whole has again confirmed a record increase in covert 19 deaths in the last the last 24 hours. Well to find out more lets bring in our correspondent emissions as well from daily record numbers of new infections over crowded morgues overburdened hospitals was it a mistake for the government to lift the Strict Lockdown measures at the beginning of the month. But i have the steep grades in the number but i wonder what is it is nice that they not let me must not get the circumstances that joining that asha down there were thousands there were millions that had been out of the job many of them feeling back from overseas and just sit on the court in chains and that debt not just want to harvest but also my hunger and accidents so india did not feel it was possible with an economy that was already black it to continue such a hostile lead had documentation did you see that destructions make these not to keep the virus but when by tying into testing from a 1000 plate about 150 out but eat eat and action has increased but then ill see distance owns about 10. Which has wiped out its coming so what else is the government doing. With respect to the new. Now you got the National Government is trying to set up what prescience just got your governments are like warning us of federal charges in a fashion and once again i understand its his. Shop because that strategies that he used to do it still that also funds the. City the strength to announce a significant problem directed at creating employment for all the migrants back to the projects and cheating in line with in the its been its own whats also important to know what the government is willing to on its association that the lockdown the timing of it alone with the lifting off that is full of tickets to clamor that it actually had to end thousands of deaths and many more he says and that the we all it has to meet will india to find are we to live along with the white house but a lot of a lot of crisis thats been created not just from the gulf doc but until now as thats about that india has to. The government still projects that cases in the capital area could go up to more than. If many hospitals already have capacity is india heading for disaster. So get our dead people what is trying to jam creating investing significantly as you said. Every household by questions and state from and. Even love object converted into call it what the debt is julie trying to push back but critics are concerned that this is more Fire Fighting that these dendritic just mean not be enough and the whats going to money is that health care or any other ailment and disease have been completely cured and of course there ranging from the meant to last species dying just looking for treatment and this is a crisis which the challenge for india to back. For you watching the news still to come 70 years after the korean war is korean was 1st shots were fired we need some koreans who say we will never reconcile with the enemy enemy next door. Despite concerns over the spread of the coronavirus polls of opens in russia for a vote on a number of controversial reforms one of which could allow president Vladimir Putin to stay in office for another 16 years putin proposed the constitutional changes in january other changes talk about improving social benefits and effectively banning same sex marriage. As a massive surprise during the state of the nation address in january russian president Vladimir Putin stumped the country with his plan for constitutional reform. Because it is a proposal envisages strengthening the role of the state council as well as expanding powers for parliament and creating new entrants hurdles for president ial candidates the reform would also allow putin to stay in office until 2036 christmas. The speed with which the changes were rushed through parliament stunned the opposition in much the duma passed the reform and the Constitutional Court also gave green light. Now the only thing putin needs is the approval of the russian people. While they double crossed one of the militia and is joining enough from oscar i mean tell us a little bit more about the vote whats really at stake here. Well these amendments cover a huge range of topics actually and many of them are are are rather popular theyre being kind of advertised across moscow on big banners for example there is an amendment that states that marriage can only be between a man and a woman and theres an amendment saying that politicians here in russia cannot have a dual citizenship but they are amendments that give kind of social guarantees on pensions on medical care and so on and for example today to meet the need v. D. s the former president he voted this morning and he said that social guarantees are particularly important during the pandemic so that really is what the all sorties here and state t. V. As well are emphasizing but of course theres also this amendment which allows bloody near putin the president to stay in power he could run again in 2024 because his terms are basically being reset by this new constitution meaning that he can remain president in till 2036 if hes reelected and if he decides to run. I mean is this vote likely to go into jeans for a vote so the feeling on the street. Well these constitutional amendments have actually already passed in the duma so lawmakers have already approved them but the president has emphasized again and again he said it this week as well that it will only pass if people vote in favor of it its clear that the author already is need this vote to be as legitimate as possible to have as high a turnout as poss as possible because there are putins reforms this vote also determines his future and the authorities are doing everything to get people to get to come to the ballot box theyve made it really easy to vote you can vote in moscow for example online volunteers can come to your home as well but people that i spoke to in moscow which is of course traditionally more critical of the author already as well than the rest of the country or rather negative about these reforms lets take a look. At what were supposed to do and vote on these amendments when the front theyve already been approved without asking those with russia needs some sort of a fresh start thats what i think we need different people to be in power people are just tired of it all. Of those who are providing a lot of the constitutional amendments are good like the promise to improve health care so unfortunately these amendments mean putin is now a song it doesnt matter what we do it wont change anything because i know its totally pointless as the with the new deal. The question isnt so much about the constitutional amendments themselves i just think its dangerous to go to the polling station because there will obviously be a lot of people there they keep telling us to wear masks and now were supposed to go vote. I mean how does the covert 19 factor or factor into all this. Well the head of the Russian Electoral Commission here l. Up on feel of if she is insured people that voting will be safer than going to the supermarket thats what she said voting has been stretched out over a week to allow social distancing and people can vote online in moscow and in need not get another big city here people can also vote from home but the opposition and also independent election monitors like the organization goalless have been saying that some of those voting measures actually will make it easier for votes to be kind of falsified. With empty polling stations you can have more ballot stuffing thats what they say and people have also been asking questions about whether online voting will actually be safe so critics say that the pandemic could actually pay play into the kremlins hands thank you and leap it over one of the families sherman in moscow. 70 years ago today communist north korea backed by china the soviet Union Invaded the country so which was allowed to the u. S. To get off the korean war 3 years of bloody finds in ended in 1963 not with a peace treaty but only a truce meaning that the war is technically still going on on the most cities between the 2 neighbors continue to this day the latest tensions were sparked when the north activists in south began launching balloons carrying propaganda leaflets over the border urging North Koreans to overthrow their leadership. As our next report shows on a more cities between the 2 koreas still run very deep. After 70 years Korean Unification still exists only on paper at an anti us protest in seoul we meet a former spy from north korea park he song unmasked in 1962 he spent 27 years in prison and says hes now stuck in south korea a country that is not his home which it ive been here for 58 years officially im a resident of south korea but my loyalty lies with north korea the democratic peoples republic of korea. Parks family members live in the north if theyre still alive if theres one thing he cant abide its people sending anti north korea flyers over the border. To their low lifes how is the north supposed to put up with that money if. You know the man sending the flyers is also named park and hes also from north korea but he despises kim jong uns regime and wants it overthrown. The activist has found refuge in south korea but even here hes under Constant Police surveillance hes seen as a troublemaker and potential target for an attack he agrees to meet us at this playground where he feels its safe to talk. You know the North Koreans need to know that the grandfather of kim jong un and his sister started the korean war thats why ive produced the special brochure for the 70th anniversary i will send it over in the coming days it depends on the wind. One of parks actions in late may prompted the north to escalate. Yang blew up an inter Korean Leader as an office just north of the border to prevent even more trouble the south now wants to stop parks activities to he says hes not afraid of either side. I would consider it an honor to be assassinated by kim jong un himself get out and a few nights ago park sent his balloon with the brochures northwards but the winds were not favorable and his delivery fell from the sky above south korea. This group of former prisoners from north korea is happy and good parky song a former spy is one of them the men gather at this house in seoul run by kwan or he on the group has 14 members south korea calls them unconverted prisoners even though all have been out of prison for years. You know we just have i think even those North Koreans who are imprisoned after the war and have paid their dues should be treated as prisoners of war and allowed to return to the north. But thats a nonstarter for the south and so the men are left with their memories and their belief that north korea is paradise im not i dont regret coming to south korea as a spy for one second sure it cost me my youth but i dont mind. These men were released early from prison thats something that cannot be said about their south Korean Counterparts in the north. And some travel advice the eiffel tower reopened for visitors alfreds pandemic closure thats a tiny catch lifts remain out of action because theyre considered house so visitors have to climb to nearly 700. 00 steps while keeping socially distanced manage to say they hope to get operations fully back to normal later in the summer. Thats it for me and the news team here in berlin ill be back at the top of the out with an update. Society faces a coronavirus meltdown is the crisis also an opportunity. Its focused attention on the problems of. Labor shortages overstretched health care spotty internet access. Is it time for a major rethink. Made in germany. Next on d w. How does a virus spread. Why do we panic and when were all missing. And were just 3 of the topics covered and a weekly radio show is called spectrum if you would like any information on the crown of virus or any other science topic you should really check out our podcast so you can get it wherever you get your podcast you can also find us at christine w dot com and slash science. We know that this is a scary time for the coronavirus is changing the world changing our lives so please take care of yourself keep your distance and wash your hands if you can stay at how we do w. Here for you we are working tirelessly to keep you informed on all of our platforms were all in this to get on together making sure you. Stay safe. Stay safe stay safe please stay safe. The corona Virus Outbreak has been a disaster in so many ways the tragic loss of life at a blitter rated International Financial markets in one fell swoop it tore down the intricate network we called
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