our top story: the outbreak of coronavirus which began in china has been officially declared a global health emergency. latest figures released within the last few minutes suggest a big jump in the number of confirmed cases, to more than 9,000. the death toll is 213. with less than 2a hours until britain officially leaves the european union, pro—eu protestors have gathered outside the houses of parliament in london. it's expected there'll be a pro—brexit rally in london on friday. and this video is trending on bbc.com... remember president trump promising what he described as an "big, impenetrable, beautiful" wall on america's southern border? well high winds have blown over this section near the californian town of calexico. it's thought the concrete hadn't had time to set. that's all. stay with bbc world news. more on our web site bbc.co.uk/news and the news app.

now on bbc news live to singapore for asia business report. the coronavirus is declared a global health emergency as china struggled to contain the outbreak. could the economic impact be worse than sars? questions remain about where next for the uk global trading relationships after brexit. welcome. we begin with the coronavirus which of the world health organization has declared a global health emergency. data released into the la sele

indicates factory activity in china has stalled effectively meaning there was zero growth in factory output. reducing gdp by more than 296. output. reducing gdp by more than 2%. the original forecast was 6%. showing it is having an economic impact on china on a larger scale. we go to hong kong for the latest. this new data from china indicating the virus is already beginning to have an impact? indeed. manufacturing activity in china in the month of january practically flat. it is not a contraction but it is flat, which is not good news. we

heard from various economists warning this coronavirus outbreak could not cough up to 2% of china's gdp growth —— knock off. now that it has been declared a global emergency, concerns they could be even bigger impact on the economy. and not just even bigger impact on the economy. and notjust on china but 18 other countries have been impacted as well. what might the economic effects be globally? we know how interlinked each economy is, especially in asia. a lot have strong ties with china when it comes to trade so even a slowdown of 1—2% in china would have a knock—on effect in asia. the tourism industry

is also expected to be hip. a lot of chinese tourists who were planning to travel this or next month are cancelling their trips and asia tourism industry has become almost independent on those chinese tourists so there is an expected hit them. in hong kong, we saw month after month of pro—democracy protest which has a ready affected the economy. it is already in a recession and, if these outbreak continues, the could be further impacts on hong kong and notjust in tourism but other sectors. obviously, some businesses are seeing a spike, particularly manufacturers of surgical masks? yes, we did see shares in those companies surge after the outbreak of the virus. in the meantime we saw

shares in airlines hit hard because of those chinese travellers cancelling their trips and investors forecasting a further downturn in the tourism industry. as i said, the industry has become almost too reliant on those chinese tourists and their spending power. in reliant on those chinese tourists and theirspending power. injapan alone, almost half a million chinese tourists have had to cancel their trips. people would say the most important thing is to stop the spread of these virus but they will be longer term impacts we will see. the parent company ofjaguar land rover is reported better than expected earnings but want that profit could fall because of the

chinese coronavirus and its impact on production in the country. exactly what the jaguar land rover say? the company has not quantified the monetary impact but it has said the monetary impact but it has said the forecasts of a profit margin of 396 the forecasts of a profit margin of 3% it had put out could potentially be impact as a result of this impact.jr be impact as a result of this impact. jr saying its factory in china has been shut down as the chinese government directives and thousands of workers away on extended lunar new year holidays and no idea when they will come back to the factory because of the travel restrictions in pose. a bit of uncertainty on when those inventoried can be put out. it is a time when jr has

inventoried can be put out. it is a time whenjr has shown some turnaround in china. a bit of an impactand a turnaround in china. a bit of an impact and a cloud over its immediate business prospects as a result of the coronavirus. after a divisive vote and 3.5 years of contentious debate, the uk will later on friday leave the european union but while brexit creates certainty for business, any questions remain about trading relationships with the rest of the world. we note the uk is an economy thatis world. we note the uk is an economy that is more than seven times larger than singapore. the uk will have to negotiate separate deals with asian countries. as of right now, they have secured trade drills covering 50 countries or territories that only one with an asian country,

south korea. however, this is key. from tomorrow, the cable be able to do deals with countries that do not have existing eu trade arrangements. it does have arguably one card to play, the value of its currency which remains stubbornly low since the brexit vote. we will bring you more on this throughout the day on bbc world news. back to india. the country's finance minister will present a budget on saturday at a time when the world's biggest democracy is in the midst of economic slowdown with many businesses facing the heat stop what is the ideal recipe for success to stimulate the deflated economy? reviving an economy is kind of like

baking a pie. you need to get a hold of the right ingredients and eggs them together. as every baker knows, it isa them together. as every baker knows, it is a bit of science and a bit of hard. in the same way making a budget that will satisfy everyone. what goes into a budget pie? first you add your taxes. corporate and personal income makes up most of the government revenue. the goods and services tax. an income from selling off state run companies. as the economy shrinks so have tax collections. delhi has not had much luck selling government companies such as air india. so it has to be very careful how it blends together its ingredients to make a budget that works. two help industry rise

out of the downturn, strong investment programmes need to be rolled out and pour money into key areas in order to get india's economy back on track. but it is not only about how the pie comes together, it is about how the money gets dished out as well. a big chunk of the budget pie will have to go to interest payments on loans but the government can serve interest payments on loans but the government can serve up interest payments on loans but the government can serve up spending on infrastructure which will in turn create jobs. it needs front so we can give out loans to people and businesses and small and medium size witnesses won 70% more money than they were allocated in the last budget. ultimately, they want to put more money into the hands of people. one way of doing it is to cut income taxes so they can buy more cars and other items. that would be the cherry on top. in other news, emma's

on sales soared over the christmas season. “— on sales soared over the christmas season. —— amazon. that is in sharp contrast to other retailers. it says it is well ahead of analyst expectations. for we go, it is well ahead of analyst expectations. forwe go, let's it is well ahead of analyst expectations. for we go, let's look at the markets. reversing some of the tides earlier in the week because of the kerang virus. —— coronavirus. this is bbc news the top stories this hour: the coronavirus outbreak which began in china has been declared a global health emergency. the death toll now stands at 213 — all of the victims in china itself it's now less than 2a hours until britain officially leaves

the european union — borisjohnson is to describe brexit as a moment of national renewal one of the oldest names in british motoring has gone into administration. norton motorcycles was founded in 1898, but suffered financial difficulty after struggling to pay a tax bill. the company employs about 100 people near castle donnington in leicestershire. amy payne reports. it is one of the last remaining british motorcycle brands making motorcycles for customers around the world but now norton is in administration. it was struggling to pay a tax bill and face are winding up pay a tax bill and face are winding up order. a lot of the major brands are very much putting the accent on customer service are very much putting the accent on customer service after sales, strong dealer networks, large warehouses full of spa res dealer networks, large warehouses full of spares and really norton

we re full of spares and really norton were not in the same league. they we re were not in the same league. they were a fairly small set up. less than a year were a fairly small set up. less thana yearago, were a fairly small set up. less than a year ago, the chief executive spoke of expansion. now the focus is on survival. administrators are trying to rescue notjust the motorcycle firm but other businesses. including the 42 bedroom priest house hotel. administrators say they are taking all necessary steps to ensure customers, staff and supplies are supported through the process. they say... it is unclear how many workers are effect although it is understood 100 jobs at the factory a re it is understood 100 jobs at the factory are under arrest. as news spread, people gave their reaction. it is obviously a big brain and i think it employs local people and i

think it employs local people and i think that is very sad. —— brand. think it employs local people and i think that is very sad. —— brandm isa think that is very sad. —— brandm is a big loss because it is a nice thing to have a big company, a well— known british brand thing to have a big company, a well—known british brand in the village. it is a sad state of affairs what is happening. village. it is a sad state of affairs what is happeningm village. it is a sad state of affairs what is happening. it is absolutely crazy. norton began making motorcycles in 19,002. over the years it's bugs have been used by the police and in hit films like james bond. now it is norton fighting for survival. hello, this is sport today, live from the bbc sport centre. coming up on this programme: with 36 grand slam titles between them, it is djokovic who wins the clash of the titans with federer at the aussie open.

but it's bye—bye barty, as the top seed and home favourite crashes out, downed by america's sofia kenin. a flock of birdies for graeme mcdowell, as he cards a 64 to grab a share of the lead at the saudi open. hello and thanks forjoining us on sport today here on bbc world news. we are going to start down under, where novak djokovic continues his bid for a record—extending eighth australian open title. that is after he saw off roger federer in straight sets to advance to his 26th grand slam final. he really does love it at melbourne park. the serb has lostjust three matches there in the last ten years. alex gulrajani was watching the action. for over a decade, the only time these two play each other is when it matters. roger federer‘s quest to keep on making history came with