across the whole country and has severely restricted travel to try to halt the largest coronavirus outbreak outside china. the nationwide extension of the red zone, which is already in place in the north, will come into effect on tuesday morning. all schools and universities will be closed until early april. shares around the world had their worst day since the 2008 financial crisis, with the dramatic falls leading to the day being dubbed ‘black monday'. and getting a lot of attention onloine are images of the duke and duchess of sussex making their last public appearance as working members of the royal family. prince harry and meghanjoined the queen and other senior royals at the commonwealth day service at westminster abbey. that's all. stay with bbc news. more on our website —

bbc.co.uk/news and the news app. now on bbc news, live to singapore for asia business report. asian markets are mixed in the morning after what's been dubbed black monday where us shares fell by their most since the global financial crisis. and 10,000 beehives destroyed in australia's bushfires. we will find out what this means for the future of the industry. hello, and welcome to tuesday's asia business report, i am sharanjit leyl business report, i am sharanjit leyl. let's look at markets in asia because some of them are open but it appears to be another choppy day of

trade. we see the nikkei is down over 1% but crawling back from some of its steeper slides. we sought open 3%. we sought slide 5%, after dave incredibly volatile trading. we saw the us financial markets seeing their biggest one—day fall since the 2008 financial crisis. it's being dubbed black monday. the drops was so severe dubbed black monday. the drops was so severe in fact, the trading was halted for 15 minutes. watching it all from wall seat was similar hussein. there is no way around it, it was a very brutal day on wall street. it began with an 1800 point dropped on the dowjones began with an 1800 point dropped on the dow jones industrial average, triggering an automatic halt to trading for 15 minutes to give investors a chance to take stock and ta ke investors a chance to take stock and take a look at the trades they were

making. in the end on monday, the dowjones industrial average fell by almost 8%, driving the falls on markets monday was really the price of oil. we saw that the price of oil fell by almost 30% at one point during trading. of course there was also the continuing fears around the coronavirus and the economic impact it will have right around the world. 0ne trader i spoke with said that he has never seen anything like this before. another described his day is absolute carnage. the us economy has been enjoying its longest expansion in american history. but it's becoming abundantly clear to some people that perhaps it is coming to an end. another market badly hit by monday's falls was india which had its worst single day fall in some four years. let's take a look at how

it closed on monday because the benchmark sensex ended down 5%. from india by my colleague. balls of 5%, how bad was it? it was very bad. at one point, the sensex, one of the benchmark indices was down over 6% in both indices going down by 2000 points and overseas investors pulled out close to $1 billion. it's being seen as out close to $1 billion. it's being seen as one out close to $1 billion. it's being seen as one of the worst single day routs for the indian market in over five years in the situation was compounded further because as we've been talking about, the other big headline story was about one of india's third largest lenders, the yes bank crisis, which saw the market is going to a tizzy so the markets are under pressure over that

concern. at a time you have the coronavirus, it all kind of became a combination of factors which saw the market reacted the way it did. today is an indian festival so markets will remain shut but tomorrow will bea will remain shut but tomorrow will be a key day. at the height of all the volatility we saw on monday, a p pa re ntly the volatility we saw on monday, apparently the fed injected funds to stabilise the market. will we see something similar in india? at the moment, not getting a sense of that. the department of finance and economics is says these are all factors that happen from time to time to the internal economy is fairly sta ble time to the internal economy is fairly stable so there is no worry. as another section which believes the lowering of crude prices will be beneficial to india because it reduces the foreign—exchange outflow. there are mixed concerns at the moment in the indian markets.

thank you very much for that. an enquiry by the ethiopian government found 737 max pilots did not have enough training. that is ahead of a crashed. this crash, along with the one in 2018 in indonesia, led boeing 737 max jets to one in 2018 in indonesia, led boeing 737 maxjets to be grounded worldwide. 0ver 737 maxjets to be grounded worldwide. over to australia where one unexpected casualty of the massive bushfires is the beekeeping industry. as many as 10,000 hives we re industry. as many as 10,000 hives were destroyed in the eyes and many other agricultural sectors could be affected as well because they use beehives for pollination. most beekeepers are worried about the longer term impact. let's ta ke let's take a look. this here is the remains of the burnt honey. it's just... like, burnt.

it hasn't sunk in yet. i still haven't absorbed it, how much loss i've actually had. there's the queen. pink .com we put on them so we can find them easy. they'll never be the forests they we re they'll never be the forests they were before. there will be a lot of regrowth, suckers from the bottom. i saw big trees burned right into the ground. if they had a bit of hollowing them, they burned right

into the ground. they are non—existent. so any bush that still got a green top of them will come backin got a green top of them will come back ina got a green top of them will come back in a few years with recent rain but anything with top burn on it, i know for a fact, when the fire went to in 2001, it's taken 18 years to get the first crop. as soon as i ta ke get the first crop. as soon as i take this lid off, they'll be into the bucket. it's like a human being living on baked beans for six months. you might live, but what's the after—effects of it? might live, but what's the after-effects of it? no matter how

good you are, you could be a big businessman or whatever, if you are relying on the natural environment as your income and it's been destroyed, not the wanted two years, but 10-20 destroyed, not the wanted two years, but 10—20 years, no business can ta ke but 10—20 years, no business can take a hit like that. some real devastation there. before we go, the chairman of wells fargo, elizabeth duke, has resigned along with a board member, days before they were due to testify at a us congressional hearing on the aftermath of the fake account scandal. the bank opened millions of bank accounts without customer permission to meet their sales targets. it wrongly collected millions of dollars in fees, misused customer information and harm to the credit rating of customers. both democrats and republicans have criticised the bank's efforts to clea n criticised the bank's efforts to clean up after the scandal. the hang seng index in hong kong is up higher. it was down over 4% on

monday, we are really seeing investors coming back, taking a look and trying to bargain hunt this morning. that's it for the show, thanks for watching. this is bbc news: our top story this hour. italy is extending its coronavirus quarantine measures including a ban on public gatherings to the entire country. the chinese companyjingye has bought british steel securing the future of more than 3,000 workers in the north—east of england. simonjack reports. this plant has been on government life support since last may when british steel faced closure again. today, the future looked secure for most but not all of the nearly 4,000 workers and thousands more in the supply chain. there's 500 jobs that have gone, so some people are a bit upset about that, but, on the whole, its positive for the town. yeah, i think it's fantastic. it will be good. it'll be good for all

the contractors as well because we've got so many thousand, but the contractors as well, you've got another 15—20,000 people. i am pleased to announce that today, jingye group has completed the acquisition of british steel's assets. british steel's new chinese owners today promised a bright future, supported by over £1 billion of new investment. at the grange lane cafe in the shadow of the plant, feelings are mixed. emma hudson's son—in—law lost his job, but she hopes some certainty will help others. at least people can carry on now. they know that their life is set at the steelworks and, hopefully, business will pick up for all the small businesses in the town. mike scott is a truck driver. he's been down this road before. it will only be short—term, and then these lads will be back in the same situation they've been for the last again, i think. a couple of years ago,

greybull capital promised them everything. a couple of years before that, tata steel promised them everything. it'll come round again, u nfortu nately. there's obviously relief here today that, after ten months of anxiety, most, not alljobs, will be secured, but there's also scepticism. remember, jingye is just the latest in a long line of would—be rescuers. can they succeed where others have failed? business secretary alok sharma unsurprisingly said the government welcomed the news. most importantly, it secures thousands ofjobs in british steel, and i want to pay tribute to everyone who's been involved hello, i'm gavin ramjaun and this is sport today, live from the bbc sport centre. coming up on this programme: italian sport is halted in the wake of coronavirus —

one the last serie a matches saw sassuolo win, and a warning to stay upbeat. the chaos from the outbreak claims the first big sporting event in the us with indian wells cancelled, on the eve of competition. and leicester move to within touching distance of second in the english premier league after thrashing aston villa. hello and welcome along to the programme. it's been announced that all sport in italy has been suspended as quarantine measures to combat the coronavirus are extended to the whole country. in the final serie a game before the address from the italian prime minister, sassuolo beat brescia 3—0 in monday's game. sassuolo forward francesco caputo celebrated after scoring from close range just before half time in the match which was held behind closed doors. caputo then ran to the camera, and held up a piece of paper with the message — everything will be all right, stay at home. caputo then added a second just after the hour and thenjeremie boga

completed the scoring after 75 minutes in the sixth serie a match to be played in an empty stadium. also cancelled is the tennis tournament at indian wells, sometimes known as the sport's fifth grand slam. it was a last—minute decision by the organisers, with some players saying they only found out on social media. it's the first major sporting event in the us to go because of the outbreak. 0rganisers of the tournament made the call on sunday, with the competition in southern california due to start this week. medical professionals said there was too great a risk to hold a large gathering of this size at this time. 0ur tennis correspondent russell fuller said earlier that it could influence other tournaments. well, if a decision is taken to cancel a tennis event because of one local case in the area, then it would simply be very difficult for any major events to be played in weeks and months to come. it may well be other events take a

different view. if we look ahead to miami in two weeks' time, that takes place in florida, there are already three confirmed cases of coronavirus in the county and it won't be —— and a music festival has a ready being cold. after miami, the tour moves on to europe for the clay—court season, with big events in monte carlo and madrid and rome. so i think there will be serious questions as to whether tennis can put together a calendar over the weeks and months to come. russell fuller there. so, almost daily more events are being cancelled, postponed or moved to unaffected areas because of the virus. here's a round—up of what we know from monday. paris st—germain's champions league last—16 match against borussia dortmund on wednesday will be played behind closed doors.