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tv   Worklife  BBC News  February 25, 2020 8:30am-9:01am GMT

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this is worklife from bbc news, with sally bundock and sammantha simmonds. global markets see their biggest sell—off in years, as the financial fallout from the coronavirus continues to spread. live from london, that's our top story on tuesday the 25th of february. markets in the us and japan take a tumble —— european markets havejust begun their trading day following heavy losses in the us and japan, investors are worried about the
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impact of the coronavirus outbreak. also in the programme: president trump says he believes the us and india can reach a comprehensive trade deal — as he begins wrapping up his second day in the country. and we'll be in australia, where the tourism industry is feeling the effect of a dramatic drop in the number of visitors from china. and we'll be getting the inside track on dishing up healthy meals — with youth obesity a growing problem, we look at our growing appetite for wholesome foods for the young. as global financial markets react to the coronavirus — we want to know is the outbreak affecting you, or is it business as usual? tell us what is happening where you are. let us know — just use the hashtag #bbcworklife. hello and welcome to worklife. welcome to the programme. we have been watching our screens closely in the last 2a hours. we
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have seen a sea of red for global financial markets, on wall street in particular a huge sell—off in the past 2a hours as investors became ever more nervous about the growing spread of the deadly coronavirus. the number of cases around the world has now gone past 80—thousand — and the worst—hit countries are now intensifying their efforts to contain the outbreak. let's look at the numbers. on wall street, the main market, the dow, and the s&p, both falling a lot, there worst.. hong kong was up by a 3rd of april at the close, showing a mixed picture, but the first day of trading of this week forjapan, joan well 3%, there is a real concern about the spread injapan. for tuesday in europe, all these markets are headed upwards, no big surprise because on monday we saw heavy
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losses across europe, in milan in italy, where there is a real concern about the spread of the virus, in milan they saw nearly a 6% fall yesterday, in london a 3.3% full for the ftse 100, so no surprise, yesterday, in london a 3.3% full for the ftse100, so no surprise, a bit ofa the ftse100, so no surprise, a bit of a balanced package europe at the moment. thank you, sally. karishma vaswani is in singapore. welcome to you, why these sharp drops when they have been dealing with this virus for a few weeks now? i think asian markets, as you pointed out and sally pointed out, the biggest drop was seen injapan because of the holiday on monday, this was the chance for investors there to react to the news of the virus spreading from outside china to bigger clusters elsewhere. you are quite right to say this is something asia has been dealing with for some time, but so far there has
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been a sense among many investors that this was a contained problem in china and that the quarantines that china and that the quarantines that china had put in place could perhaps help to make sure it would stay within china's borders, although we have seen clusters of cases across southeast asia, including singapore, and malaysia and south korea and japan, as you pointed out earlier. the worry now is that cases being seen the worry now is that cases being seen and a big number in places like italy, this is no longer simply a china problem, this will mean a prolonged impact, the worry is, on supply chains and the rest of the world as well, and there will be any economic impact, the concern is, things like consumption, people not heading out to spend money in the shops, which will all have a continued negative impact on global growth. that is why you are seeing share markets in asia for today.
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what lbc and government to do about this? as you would expect, the prospect of a public health crisis is something governments want to make sure they splash a lot of money at. -- what are we governments do? asia has dealt with public health crises such as the cells period of 2002, 2003, but the amount of money being thrown at the problem this time is much bigger. singapore last week came out with a $4 billion aid package for households, health care workers, the tourist and retail sectors, they threw money at it. hong kong has already said around $3.5 billion is earmarked for dealing with coronavirus but we are expecting more announcements, possibly as early as tomorrow, and there are rumours this could include cash handed to go shopping for
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consumers, to help boost the retail sector so that companies and shops suffering from not having consumers heading out there, a big chunk of the tourist market is dependent on chinese visitors, they might be able to shore up some support that way. taiwan has announced a $2 billion aid package because of the coronavirus in malaysia and vietnam are also talking about it. this is something governments in the region taking very seriously because they understand this could severely hit consumption, which could lead to a downturn in economic growth. massive issue not just downturn in economic growth. massive issue notjust in asia but around the world. thank you, karishma. president trump has just finished a news conference with india's prime minister narendra modi. mr trump said he was optimistic a comprehensive trade deal can be struck — and said india has agreed to purchase billions of dollars in defence equipment from the us. let's go to the bbc‘s arunoday mukharji in delhi.
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he has been following that press conference. talk is to what the two leaders had to say. they decided to focus on all the highlights and not really the differences, and maybe some of those questions from the press would be directed to donald trump when he addresses the press individually later this evening, but for now it was about defence cooperation, helicopters india is buying with over $3 billion, cooperation in the field of energy, the deal exxonmobil has signed with india to improve that, but i think one of the points that stood out when the us president said we have made progress on a compensable trade agreement and forging bilateral economic relations which are fair, as well as reciprocal, this is where all the problem has centred around for the last several months since the us takeaway india's status as a preferred trade partner. i think
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when the us president talks about deals that are fair as well as reciprocal, that is where the main differences between the countries lie and where they have not been able to ci to i, for example about the amount that india should import from the us, according to american companies, also regarding the trade deficit. the us has not been happy about the tariffs india has levied on us products, so the us has left the door open as far as what we can see and the statement that came in, about how they will negotiate, that is something that remains a big challenge whenever we speak to experts. we spoke to them after some of those initial statements were made and while it all sounds very good, as far as concrete tangibles are concerned, they have not made that clear. president trump's visit overshadowed by violence and parts of delhi, son of the worse the capital has seen in decades. what is
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behind it? —— some of the worst. capital has seen in decades. what is behind it? -- some of the worst. the protests have claimed seven lives and many more people were injured. this was in the capital city, delhi, about 20 kilometres away from where the us president is staying, the recent citizenship law which seeks to give amnesty to non—muslims from the neighbouring islamic dominated countries, many critics have said this is specifically against muslims, that is what the protest was all about. thank you very much for now, arunoday mukharji. let's take a look at some of the other stories making the news. european union ministers will meet later today to approve their mandate for post—brexit trade talks with the uk. the document approved by the eu general affairs council on tuesday morning will be the basis for future negotiations, to be carried out by michel barnier. meanwhile uk ministers will meet later to discuss the government's opening stance for negotiations. the norweigen oil giant equinor has scrapped controversial plans to drill
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in the great australian bight. environmentalists are hailing the decision as huge win, with the stretch of coastline in south australia said to be one of the most unspoiled marine environments in the world. australia's government said the withdrawal was disappointing. juul is quitting indonesia — the world's fourth most populous nation — because it says it can't stop retailers from selling its e—cigarettes to young people in what is a largely unregulated market. it faces mounting legal and regulatory problems in the us over its role in the nation's youth vaping epidemic. time now for our daily look at some of the newspaper and website stories which have caught our eye. joining me is maike curry, director of fidelity international. welcome to you, good to see you, as a. we are starting with more about the coronavirus, specifically japan. tell as more? basically we have seen the worst day for global stock
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markets in two years, specifically japan, with the further cases, they have been particularly hard—hit. we are assessing the impact, we have moved from a focus being on mortality rates to what is the economic impact? there has been so much attention on the cruise ship in yokohama and how japan much attention on the cruise ship in yokohama and howjapan has been trying to deal with the spread within japan itself, trying to deal with the spread withinjapan itself, and they are hosting the olympics in six months‘ time. there has been a lot of comparison with the sars virus into thousand and three, the swine flu outbreak, but there are two fundamental differences, and the biggest is that china accounts for a far larger share of the global economy than 17 years ago, it is six times larger and china‘s tourists alone account for 0.5% of global economic output. those two epidermis we re economic output. those two epidermis were off the back of an economic downturn. what we have had now is
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the longest rising market for records. later in the show we will see the impact the australian economy is feeling of chinese tourists not going there right now because they are not travelling. we heard from our correspondent in singapore about asian governments, but the czech administration is seeking $2.5 billion in funds to fight coronavirus even though it is not yet a big issue in that country. —— the trump administration. trump has gone to congress to try to get money to fight the virus. clearly there is an economic impact, but even though the outbreak is very limited, they are focusing on it. there is a story in the guardian but also on bbc online, showing that because of austerity, which we have experienced here for quite sometime,
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the gap in life expectancy has changed and women from poorer parts of the uk are very vulnerable? shocking story. yes, and very interesting, we often hear about increased life expectancy and that we will live for longer, but even though we live for longer we are in poorer health because of austerity, there is a link between government spending cuts and people‘s economic well—being, and the uk was always a leader in spotting those inequalities and it has fallen behind. when it comes to life expectancy, it has stalled and in some cases around women in poorer communities, they will die younger, which is pretty shocking in one of the richest countries in the world. it is shocking, this will probably be on the agenda, the budget is coming up in two weeks and austerity has been the biggest bugbear.m feels like it has fallen off the front pages. theresa may boldly
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called at the end of austerity when she was prime minister, not that long ago, but there will be lots of attention and when money goes in this budget, there will be lots of money flowing to the north, those constituencies that voted for the first time for borisjohnson. constituencies that voted for the first time for boris johnson. and there is a lot of focus on building hospitals, building bridges, but there has to be more because this is impacting daily lives. more money perhaps need to go into the welfare park, there have been huge cuts there over the years. it has been great to see you, thanks for coming on. still to come, we will be getting the inside track on dishing up getting the inside track on dishing up healthy meals. with youth obesity a big problem we will be looking at how our growing appetite for wholesome foods for the young is sparking a lot of new businesses. you are with worklife and bbc news, stay with us.
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according to a leaked air safety report, seen by the bbc‘s file on four, toxic air onboard an ba aircraft — caused an emergency. which left one pilot ‘not really usefully conscious‘. bbc file on four‘s mike powelljoins us now — he worked as a part of an international cabin crew for ten years prior to joining the bbc. what is going on? theme events have been about since the 1950s because the airwe been about since the 1950s because the air we breathe comes from outside. the air takes up all sorts of chemicals, sometimes from the engine oil. the fume events can be long—term exposure, cabin crew and pilots have been warning they are affected by that, but also the fume event where you see smoke or smell
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smelly socks, ozone or nail bar types of smell. in one particular fume event on january types of smell. in one particular fume event onjanuary two this year, there was smoke in the cabin and the smell of smelly socks. the captain has written in a confidential report called the asl, or air safety report, that the bbc has seen, that that theme events affected his co—pilot. the co—pilot was landing the aircraft and was only seven miles from heathrow. he describes him as breathing rapidly and his head was dripping forward. as you say, he also said he was not really usefully conscious. we put this to british airways, who say it is not due the first officer passed out, he was feeling unwell but neither of the pilots in the cockpit say he fainted and the uk regulator of the caa sale aircraft would never be flown if they believe to post any
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helpful safety risk. a really worrying incidents. for now, thank you, mike. i think we understand that some crew are going to court over this? absolutely, and that is the radio four programme, file on four, you can hear more details about that. the bbc business pages a lwa ys about that. the bbc business pages always updated with news from companies. this is hotel chocolat, which saw a rise in profits in the last quarter. you‘re watching worklife. a reminder of our top story: european markets have opened in positive territory following heavy losses in the us and japan. this is all to do with coronavirus, the spread outside of mainland china, notably in italy by the has been a
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huge spike in numbers over the weekend. european markets feeling the pain on monday but bouncing back today. let‘s look at how the markets are doing so far, this is the asian markets which took a hit overnight, the european markets bounced back in the european markets bounced back in the past half hour, all in positive territory after the hit yesterday, we will keep an eye on those for you. if you‘ve got children, you‘ll notice how much they eat as yourfood bills balloon. one uk survey found that parents of kids up to age 11 spent an average of £448.41 a month per child, with food gobbling up the bulk of that at more than £86 per child. i have got three! me too! between us we are fuelling the economy! there is plenty of choice, but is it
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really healthy? with the rise in childhood obesity there‘s a focus on cutting outjunk foods. little dish — founded in 2006 — was created to meet a growing demand for healthy meals. the founder of little dish, hilary graves is with us now. sitting patiently in the studio. welcome. why did you start this in 2006? i had my first baby and i was walking down the baby and toddler food aisle in the supermarkets and could not believe that the food had such a long shelf life and they could sit on the shelf for to two yea rs, could sit on the shelf for to two years, it didn‘t seem right that the food was older than your baby, so i felt there was a gap in the market for meals like mothers cook in their own kitchens, fresh, 100% natural, no added salt or sugar, critically they would be kept in the fridge and not the cupboard. many would say thatis not the cupboard. many would say that is a scenario, where somebody cooks a healthy meal, which a lot of
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pa rents cooks a healthy meal, which a lot of parents do fa have the time, and freeze it in bulk, which i tried to do. is that not the best option? absolutely, we are big supporters of home cooking and had published two cookbooks of easy family recipes, we wa nt cookbooks of easy family recipes, we want kids to start cooking at an early age and to cook and eat together but we realise that, day to day, that might not be possible every single evening. we wanted there to be something as close to how major is possible on the night you could not cook. it is a while ago now, my kids are quite old, i can‘t remember if it is little dish but i know i tried other fresh food alternatives and what i found her. my alternatives and what i found her. my kids were like, it is not yours, mum,i my kids were like, it is not yours, mum, iwill my kids were like, it is not yours, mum, i will not if that. the toddler market is very difficult, they also picky and fussy and can go from very difficult phases when they will have nothing else other than what they might be into that night on their
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plates. i think it is important to introduce textures and new food to kids at an early age, i think there isa kids at an early age, i think there is a better familiarity to that. with little dish we have 12 recipes, 12 core recipes, we have recently launched some plant —based meals and finger food launched some plant —based meals and fingerfood and launched some plant —based meals and finger food and we feel like across the range there is something you can find your child will eat. when you started this business that was nothing out there, which was your inspiration, now there is quite a lot, lots of supermarkets are doing their own range, how much competition is there? nobody is focusing on our audience of toddlers, one to three—year—olds. marks & spencer is to a healthy toddler range. they have a healthy kids range, we really specialise with the toddler age group. kids range, we really specialise with the toddler age groupm kids range, we really specialise with the toddler age group. it is very mushy? it is from 12 months, it is not a peer eight, there is
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texture. we work with a nutritionist to make sure every recipe is specifically designed for this age group, so the right amount of calories, fat, carbohydrates and protein. you have been in the uk for a long time, you are in all the supermarkets, you are looking to move to the united states, your accent gives you away, you are originally from new york. do you think you will do well in the us? so many british companies in the area of food have tried and failed. what we have on our side, this particular market in the us has a lot of momentum behind it. here not only did we launch a brand but we created a new category that did not exist, in the states there is already bubbling up fresh puree for six to 12 months in the supermarket but nothing for toddlers. the big national supermarkets are really leaning into this category, some are even putting refrigerators and the baby aisle, people are recognising that fresh is the future of infant
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nutrition. i and just that fresh is the future of infant nutrition. i andjust glad i threw that phase, thank you! it is pancake day in the uk. my kids have already had pancakes for breakfast. they we re had pancakes for breakfast. they were shot boards, though. —— they were shot boards. in a moment we will be talking about coronavirus and whether it is impacting you at all. but first, australia‘s tourism industry is feeling the impact from not only the coronavirus, as chinese visitors stay away, but also from the devastating bushfires last month which hit small businesses hard. one area that‘s been badly affected is the south coast of new south wales, where many city dwellers take their holidays. timothy mcdonald reports. australia‘s worst fires in decades have now passed, but the impact has been huge. they have destroyed thousands of buildings and even businesses far
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from the fire front have felt the heat. and sometimes in unexpected ways. now, over the past few years, this drawbridge has had an unfortunate habit of occasionally being stuck in the position. when the fires hit, the authorities didn‘t want to risk blocking access to emergency vehicles going up and down the highway, so they left it down, for weeks on end. now, that‘s understandable but it‘s also a problem if you run cruises that need to go underneath it. the boatshed employs 38 people, on this ferry and in a fish and chip shop. the bridge closure hit the business hard. we‘re looking at around 3500, $4000 a week in costings, and then if you look, we would normally at this time of year have 80 people, 90 people a day cruising up to nelligan and back. this summer, the beaches have been quiet. so too has the fish and chip shop, and revenues have taken a hit. many local businesses do most of their trade in summer, when citydwellers head for the beach. at least eight businesses have folded and many people in the wider region have been without work. about 900, over this period, with the high tourist trade there is certainly the workforce
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is built for the summer season and a lot of those people haven‘t been employed. that is how the bushfires and coronavirus are affecting some parts of australia. we asked you to let us know if you are adjusting how you are, your business or your work as a consequence. harry is using hand sanitiser now. jacob says business is usual, i work at the emergency department, he is pretty relaxed. and she says because of the virus i work from home and only go out to the supermarket. loads of people i know personally are talking about this. it is a big issue. we had an e—mailfrom this. it is a big issue. we had an e—mail from school warning people after the half term break that if they had come back from one of the areas concerned that they had symptoms, do not come in. have a
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good day, we will see you soon. thanks for watching. good morning. you will notice that today we will have a chilly wind moving across the uk, feeling much colder compared to yesterday. this weather fronts which brought the rain yesterday has cleared away and now we have speckled cloud moving from the north—west, that is where the air is coming from, all the way from the arctic across the uk, temperatures yesterday in double figures for england and wales. still some wintry showers through the rest of the day, they could be heavy, most frequent is northern and western areas, sohail and slate, a bit of snow mixed and if you go further north. —— some hail and
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sleet. temperatures five to 10 celsius but feeling culture with the wind. we will continue with showers, they could be wintry with snow, temperatures will fall away so there is the risk of frost and nice going into wednesday morning, temperatures down to two or three degrees, much lower in rural areas of scotland. throughout wednesday, further showers forecast, not as many as today, they could be wintry with snow over the higher grounds, lengthy spells of sunshine, maximum temperature is about five to 10 celsius but we will have the rather brisk north—westerly wind. through wednesday into thursday, there are some uncertainties but we have this area of low pressure which will slip eastwards a cross area of low pressure which will slip eastwards across southern areas of england and south wales. there is some uncertainty but there is the risk of some disruptive snow rant about the rush—hour across southern
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areas, just one to watch at the moment, it could be anywhere from the m4 corridor south. sunshine for england and wales, 12 showers still for scotland and northern ireland, they could be wintry, particularly over higher grounds, maximum temperatures six to seven, maybe eight celsius. into friday at the end of the week, another weather system end of the week, another weather syste m m oves end of the week, another weather system moves on, a south—westerly wind, feeling milder but those weather front bring some outbreaks of rain. for the end of the week, staying unsettled, rain at times, further flooding staying unsettled, rain at times, furtherflooding possible, snow over the hills, miles about the winds will be stronger as well. goodbye. —— mild, but the winds will be stronger as well.
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you‘re watching bbc news at nine with me, annita mcveigh. the headlines... as the fight against the spread of coronavirus continues — the government tells people returning from areas of northern italy currently in lockdown to self isolate and seek nhs advice. anybody who has been to italy, north of pisa should, if they have symptoms, flu—like symptoms, should self—isolate, which means go home and try to stay out of contact with other people. measures to contain the virus around the world are stepped up as spanish media reports suggest that around 1,000 guests at a hotel on tenerife are in quarantine after an italian tourist tested positive for coronavirus. in south korea, a tenth person has died from the illness and iran has reported another three deaths.

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