A rebound for europes largest economy but what about a 2nd wife. And a german gingerbread make it braces for the Holiday Season the pandemic has taken a little spice out of the trade. And been physical and lets do business those times as posted a one and a half 1000000000 euros loss for the last quarter its not as severe as thought but it still does will chief executive customs for doesnt expect demand to return to precrisis levels before 2024 echoing a warning from the International Air transport association. Most of its planes are still ground day to pump tang currently on used to runways of tons that has been part nationalized point in a deal granting it 9000000000 euros in state aid a lifeline out of the crisis. In the 1st quarter of this year the Airline Already suffered operational losses to the tune of 1200000000 euros in the 2nd quarter as much as 1700000000. Radical change is the order of the day in june looked left the german dax index and the German Government now owns a 20 percent stake in it. But that hasnt secured jobs there is now in talks with unions trying to find a way to cut costs and so curb redundancies. But the airlines chairman constant said thursday that given the Current Situation job cuts would be unavoidable Frankfurt Airport a year ago thronging crowds passengers requested to arrive 2 hours before departure to allow enough time for everyone to board it will be at least 2024 before we see such scenes again that is at least 2024 because both the infection rates worldwide as well as the current 2nd wave sweeping across europe mean that it will be a long time before air travel properly recovers the only shimmer of hope for the German Airline is its freight business it did better than expected in the 2nd quarter but that wont change the boards restructuring plans of time so says it wants to reduce its costs by 15 percent by 2023 slimmed down its fleet by at least 100 aircraft and cut 222000 jobs. For normality keeps getting pushed back by the year of investors are in for the long haul chris of coburg is following this story for us 1st off lets take a look tons at one of the airlines that hasnt folded the group has accepted over 11000000000 euros in aid from germany austria switzerland and belgium but most of its a grafter grounded and the german state now and a 20 percent stake doesnt sound like good times. Not at all that doesnt sound like fun at all but if we look at the quarterly figures that note on that issue probably. A net loss of 1500000000 euro that does sound dismal however it could have been worse were it not for a move on the cargo arm that business prevented the steeper losses here and if we talk about the 8 package. Numerous ministers here in germany promise that despite the state being the biggest shareholder by now that politics will not interfere with the day to day management of the company and that is something that moves on the leadership of clean 2 because they know that without that help without the money look on the would have gone under so they did not have any choice point to accept the package and all the luggage that came with it because of is not all that much business to interfere with at the moment anyway i was talking to a lift on the Flight Attendant the other day who said since my change flowing twice thats not a successful Business Model but it is a fuel question of supply and demand. Well we see that airlines such as the no frills carrier easy jet are expanding their flight schedule there theyre offering more flights because theyre saying it is the Holiday Season here in europe and the travel restrictions have been eased in june and some people are taking flights there holiday destinations we also see that there are some long haul connection that are being offered now such as my company and i goofed on that it might be a different story on the long haul there because there is a survey out that is not particularly encouraging the international after arrival association has been frequently asked in their frequent flyers about their attitude toward getting back into the sky and july a survey says that out of the 5000 people asked 83 percent were still feeling. Anxious or are were afraid of getting back into airports or airplanes because they feel that their health would be endangered thats it sounds like its going to be a long time to this 2024 days just briefly i reckon thats accurate. If we talk now yeah sure i mean but we see the state being pushed back further and further so it will be a long road to recovery will see tens of thousands of jobs being axed in the meantime and it is the worst year and then the asian history and it is going to leave its mark one way or the other i think a lot about these physical thanks very much. Germanys factory sector is roaring back to life and factories reported new orders surged by almost 28 percent in june thats according to the Economy Ministry it was more than double what economists had expected germanys industrial saic has been recovering most slowly than the broader economy since lockdown measures were raised even with the surge in june Industrial Orders a still down by more than 11 percent this year. If you can read whos enough attention correspondent and frank i read a recovery of sorts but what about that 2nd wait. That is the 1000000. 00 question of course all the 1000000000 euro question here in germany i have to say of course those factory orders were strong sign for what we can expect in the coming months in terms of Industrial Production real industrial activity you know with order books filling so quickly and so more strongly than anticipated box lobby groups for the industrial sector are warning that. A strong recovery of the economy in the fall is absolutely not a given and that the number one precondition of course is whether or not germany can avoid a new wave of infections with corona virus in front. Of the statistics sites known bales says seouls surge in home prices is the fastest in the world rents are also soaring and have been for years residents of feeling the pinch now more than ever due to the unemployment and Economic Uncertainty caused by covert 19. Lemke men who moved into this flat on the banks of the 100 or in seoul just 2 years ago she wanted her sons to be able to attend a Better School but now theyre moving again. She was hoping the policies from the moon government would help but this year her landlord raised the lease price. Who wanted to afford to want the government hasnt acted 22. 00 new real estate policies and the home prices did flatten out but only for a little while its like playing endless game of whack a mole eventually the whole country is going to be filled with property speculators. Or. Despite these Government Policies rent has risen by 30 percent in the last 3 years part of the problem is a system unique to south korea that requires incredibly high deposits this can translate to hundreds of thousands of euros upfront for a rental contract but wages down and the fate of the economy in the middle of the pandemic uncertain many cant keep up with rising costs. To go moving up from the governments real estate policies in the past only focused on restraining the Housing Demand but there were various problems arising from supply shortage so the recent reforms focus more on housing supply to try to balance out the supply and the demand we were cool with you dont buy that is all. But many people have had enough of the housing policies and think Prime Minister moon should step down Government Data shows that the middle class has shrunk by 5 percent since man took office just 3 years ago for people like the lim family new reforms might be too little too late now to some of the other stories making news until he says it and a 1000000000 euros in the 1st quarter of its Financial Year thats 6 times the profit compared to the same time last year the rise was on the back of its populace which console and the hit game animal crossing and hatton prosecutors have subpoenaed Deutsche Bank a long time then the 2 u. S. President total trump its part of a wider investigation into his Business Practices torture has led trump and his company about 2000000000. 00 of the past couple decades. Lengthy lockdown has pushed the philippine economy into recession after contracting in the 1st quarter g. D. P. Shrank again in the 2nd this time by 16 and a half percent the outlook is no better with infection numbers surging again economic set of manila is back in partial lockdown. Gingerbread makers are gearing up for the critical Holiday Season and things are looking sweet the u. S. Imposed 25 percent tariffs on european cookies last year taking a big bite out of business then came the pandemic. A heavenly a ray of gingerbread stars baked during the pandemic in the western german city of auckland the more than 300 year Old Lumber Company turns out 130000 tons of specialties like these every here production is going ahead despite the coronavirus this is the shirt he did we dodge on the floor it has been an additional challenge for our employees having to wear masks and so forth but were tina we know whats at stake were a seasonal manufacturer and now is the time when i prepare for christmas and for autumn im not out of it. And that means ramping up output much of it is for the United States where lumber at says european assortment is a big hit but the companys owner is worried that this season could see his gingerbread exports crumble and bust by cold i cant say yet what the Coronavirus Crisis will do to us when our products start going on sale and temper october and at the moment we can see how badly hit america is by the virus for call another toll from his an estimated 30000000. 00 u. S. Workers have lost their jobs due to the coronavirus with less money to spend they wont be buying cookies from europe compounding the problem are the punitive tariffs the u. S. Slapped on european goods last year such as valued led to declines of 21 percent in the german Confectionery Industry alone once once this puts into future time. This year the upcoming gingerbread season is likely to see the combined impact of the tariffs and the pandemic on the us market. Pricing business or. Combating the corona pandemic. Where does research stand. What are scientists learning. Background information and news. Hour corona. Covert 19 special next on d w. How does a virus spread. Why do we panic and when will. Produce real attacks and weekly radio show is called spectrum if you would like and new information on the growing of virus or any other science topic you should really check out our podcast so you can get it wherever you go your podcasts can also find us at dot com slash science. This is mary mallon you might know her better as typhoid mary quite possibly the worlds most famous super spreader now it was an asymptomatic typhoid carrier worked as a cook for wealthy families in. New york in the early 20th century she in fact that at least 53 others most of them people should prepare the meals for eventually after triggering multiple outbreaks she was tracked down and forcibly quarantined by authorities until her death 3 decades later. Comes forward to the present a new pandemic and a novel virus what have we learned about super spreaders. Welcome to the w. s covert 19 special im joined now the milan thanks for joining us we start in south korea where a few incidences saw individuals spread the disease to hundreds and even thousands socalled super spreading events of the preventive measures in place today measures aimed at groups most likely to infect others students especially seem to be listening the w. S Frank Smith reports. That. Young South Koreans are increasingly sensitive to the potential they have to carry and infect others with covert 19 even if they are not suffering from serious symptoms these University Students say they do not have the virus and they go out occasionally but behave much differently than they did before the pandemic so it all. I have sensitive plans
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