this is bbc world news — i'm sally bundock. our top bsuiness stories: grim news for airlines — the uk chancellor says they should tap their shareholders for more money before asking the government for help and wall street sees its biggest percentage gain since 1933 on hopes of a coronavirus stimulus package... asian markets follow suit..

the uk chancellor rishi sunak has told airlines to find other forms of funding and not turn first to the government for financial assistance as they navigate through the coronavirus crisis. this comes as the international air transport association, — or iata — says that air travel revenues could suffer by more than $250 billion. that would be a 44% fall from last year's figure. and that is based on the scenario that the severe travel restrictions currently in place would last for up to three months followed by a gradual economic recovery later this year. mrsunak is urging airlines to try and raise money from shareholders as the government would only step in as "a last resort". to discuss this i'm joined byjohn grant, director of oag an airline consultancy.

what do you make of this comment from the chancellor at a time when airlines are on the rink at their worst crisis? the industry is pretty disappointed by this response in the context of what we are seeing happening around the rest of the world. alitalia have been repurchased by the italian government. norwegian had a huge cash injection from the norwegian government. the uk airline industry, we rely on it for everything, not just industry, we rely on it for everything, notjust air industry, we rely on it for everything, not just air travel but cargo and the movement of goods. it's being told to go through its shareholders. that actually done that. this is because they desperately need that cash. and there is this whole question of, to what extent whole question of, to what exte nt d oes whole question of, to what extent does the government bail

out the airline industry. i guess from the point of view of the chancellor, but if you're still playing shareholders dividends, think of other measures before you knock on my door. it's a fair point but that dividend was in the process of being paid. while the institutional investors are looking at, some of them are employees of the business. that's an argument that you can make but it's the same across many set is. at the very least, if the government is in a position where it's prepared to ta ke state, position where it's prepared to take state, i do understand the difficulties. what criteria you use. difficulties. what criteria you use. that reassurance with that in some support will be really beneficial for in some support will be really beneficialfor an in some support will be really beneficial for an industry in crisis. talk as to what it

looks like for the bosses of these airlines. as they grapple with this crisis because at this point, there is no end in sight. absolutely not. there is a point where effectively they stop flying. ryanair have offered their aircraft were european government. we need to repatriate people. they are down to 98% of their whole capacity. airlines or following a different direction. there is no short—term solution to this. these are expensive assets. the cash is draining out of these businesses. the iata report suggests most airlines have a maximum two months of cash reserves and let's just not in the united kingdom. that is the medium. there are some who are

well reached and others were literally seeing the last pound notes disappearing out of the offices. we have to leave it there, but thank you. tuesday was a wild day on the world's stock markets. in the us, the dow jones industrial average rose 11.4% — its biggest daily gain since 1933. the s&p 500 and london's ftse 100 enjoyed their best days since the 2008 financial crisis, rising more than 9%.and the picture is the same in asia this morning. the increases follow weeks of losses driven by a global economic slowdown in no small part triggered by the coronavirus crisis. to discuss this i'm joined by kathleen brooks, founder and director of minerva analysis. this good to see you as well. the us markets, was this big

rally just the us markets, was this big rallyjust in the hope of the stimulus package, that we still haven't heard an announcement on from the us? there are still promising but there is no delivery yet. i think it's a few things. the day before or on monday, we saw the federal reserve come out and they would backstop the bond market or corporate bond market which is really important. especially in these times. a lot of people holding corporate paper or corporate debt. we are starting to get very worried, the corporate debt market looked like it was dodgy. 0n corporate debt market looked like it was dodgy. on tuesday, we had lots from both sides, the democrats and republicans, the democrats and republicans, the deal was going to get done with $2 trillion into the us economy. we still haven't heard that that but the markets are very much price that in. if it doesn't, there is going to be a lot, there is going to be hell to play. in terms of reaction in europe, reaction in asia. we really feel like we're on a rollercoaster with very severe and downs. it could be like

this for a while. i think so. yesterday, we saw strong gains across europe and they followed on into the us. largely on the back of this us stimulus plan. i think also in europe, even the ftse, even the italian index raised signs. that's going to be good news for markets but the real test for investors is when we get this terrible data, how are investors going to hold their nerve while we get it torrent of terrible data. they did yesterday, we saw some terrible pmi figures out of europe but whether or not the torrent of bad data is likely to come. when you talk about the economic news, that was the purchasing decks. we know it's going to be shopping. the month on month figures. we do know they are going to be shocking, yes, but how long is that going

to last for? we haven't seen any waiver and cropped seas. got a lot of businesses have rents to pay this week. what is going to happen when they default on those? this is big data. yes, the economic data doesn't seem to matter but it will do as we get through this crisis. i have no doubt people will be looking at different figures and if we see gdp for example the second quarter for in excess of 20% for some european countries and potentially the us as well, that would really freak out investors because it's a lot worse than what we saw in 2008 and 2009. it's great to see you, kathleen. you can get your own cup of coffee, can't you? back to bed. let's get some of the day's other news. facebook has seen usage across its platforms surge in countries that have brought in virus lockdowns. italy — with some of the toughest restrictions — has seen

the biggest rise, with group video calls rocketing by more than 1,000% in the last month. the social media giant said total messaging traffic on all its platforms had increased 50% on average across the hardest hit countries. india's prime minister narendra modi has announced a complete lockdown of the country for the next 3 weeks as the number of coronavirus cases steadily go up. addressing the nation overnight, mr modi said an absolute curfew was needed to stop the country being set back by decades. he also announced almost $2 billion of investment in health infrastructure. nike reports quarterly sales came in better than expected, powered by a boost from its digital business and demand in north america and europe. total revenue rose by over 5%, but earnings fell due to the coronavirus pandemic. nike and other retailers have shut stores in the united states and europe to curb the spread of the virus. automaker ford has said that it's working

with 3m and ge healthcare to make medical equipment and protective gear for healthcare workers, to help with shortages, in the battle against the coronavirus. it also announced that it's collaborating with ge to increase production of ventilators, needed by some critically ill patients. many of us are working from home for the first time, i can't do that, but governments around the world have called for remote working to help tackle the coronavirus outbreak. so teams, that traditionally met in the office, are turning to video software instead. here's some advice from a workplace consultant — on how to make the most of it. the epidemic is forcing people to work from home and work

differently, having videos for causes that of face—to—face meetings and we will show some tips how to have that done successfully. firstly, test and make sure it works. call somebody beforehand so you don't have a technical issue and try and at the meeting on time. especially if it's a group of people, make sure people are mute because if you hear background noise, children, dog barking, it can be distracting. use headphones seek and concentrate on the call and people can't hear what is going on in your house. think about your backdrop, what's behind you. neutral is a lwa ys what's behind you. neutral is always better and some platforms can enable you to blow that background. think about what you are wearing. pyjamas is probably not a good idea. better to think about

what you are wearing on top, especially. and think about your listening face. it's a video call so you might have a few expressions and lastly, but importantly, it doesn't have to be all about business. it can be all about business. it can be virtual coffee breaks, chat, or even mindfulness and that means if you need to work from home for a long time which can be quite isolating, you don't develop cabin fever. i have tried it with family members, colleagues, it's a whole brave new world, multiple conversations. it's quite amusing at times. let's have a look at financial markets. as kathleen was mentioning, another absolute rollercoaster, another absolute rollercoaster, a couple of days. this is how things are going right now. in

asia, japan things are going right now. in asia,japan up. things are going right now. in asia, japan up. the price of all edging higher as well. so cheap. a barrel of print crewed just under $28 a barrel. look at those figures. the dow, the best one day gain ‘s 1933. that's something i didn't think i would say during my career. you're up—to—date with the financial markets. the white house says senate leaders and the trump administration have agreed on a $2 trillion aid package to protect the american economy from coronavirus. the number of deaths in europe has passed twelve thousand despite efforts to curb people's movements across the continent. this the prime minister of new zealand, jacinda ardern, has warned that the country could have several thousand cases of coronavirus before containment measures take effect. speaking ahead of the implemenation of a state of emergency in which non—essential services, schools, and offices

will be shut for a month, mrs ardern said that now is not the time to be relaxed or flexible. i have one simple message for new zealanders today, as we head into the next four weeks. stay at home. it will break the chain of transmission, and it will save lives. if people do not stay at home, other than to go to the supermarket or the gp, or to get some fresh air close to your home, then you risk both spreading the virus to others, and you risk getting it yourself. breaking the rules could kill someone close to you, and that is why it is so important. self—isolation is our best tool to beat the virus. but, if you don't comply with the rules, you run the risk of forcing us to extend the period

of lockdown, and worse, you could contribute to the virus defeating us and causing harm to thousands. i cannot repeat this enough. staying at home will save lives. russia has largely avoided the global coronavirus outbreak, in terms of infections and deaths. but that doesn't mean the impact has not been felt there. hundreds of migrant workers stranded at moscow airports since russia closed its borders. 0ur moscow correspondent sarah rainsford reports. there have been dramatic pictures flooding russian social media in recent days, with crowds of migrant workers trapped at moscow airports after boarders closed because of the coronavirus pandemic. some of them were even stranded in duty—free because they went through passport control, and then couldn't get back.