niceties and keeping. silent. most. easily starts january 27th on d. w. the. asian markets retreat as new cases of a deadly virus in china sparked fears of economic consequences and memories of the sars virus well the latest. also to show what role does business have in curbing climate change inequality meet a group of entrepreneurs in davos who say a major one. this is your business report i'm stephen bears in berlin thanks for joining us asian stocks have tumbled on can spawn concerns over the outbreak of

coronavirus in china markets in shanghai hong kong tokyo and sydney all retreating on tuesday that slide follows a 4th death in confirmation from chinese health officials that the virus can be spread person to person should shares in several chinese pharmaceutical firms rose by the 10 percent limit as did shares in some facemask manufacturers however airlines and tour companies suffered just as millions of chinese prepared to travel for the lunar new year there have been more than $200.00 cases of coronavirus so far. and more on this let's go now to our financial correspondent frankfurt conrad booze and conrad good to see you there. obviously some big scare here why are investors already so spooked when there are only so few cases. well that's the simply don't know whether this is here today gone tomorrow thing or whether this is going to become saying something more serious you mentioned the sars virus in 2003

in china around 8000 people were infected by this sars virus needy 800 people in china died and also you mentioned the lunar new year in china which is the week long streak of holidays where you know millions of chinese hit the road to take an airplane take a bus in order to go and see family in this environment of course the concern about and that pedantic makes men need many people very nervous in particular in hong kong where the situation has already been tense juta the pro-state protests for many many months could this become global is a concern of course several u.s. airports already have increased the screening of air passengers including new york and san francisco or it contradicts with the latest from frankfurt france and the u.s. have agreed to suspend tax hikes against one another as they extend talks over a french levy on american tech giants french president manuel across that he agreed

with president trump to avoid a tariff escalation until the end of 2020 last year paris announced a levy on tech companies which the white house said targeted american companies in particular as a result the chop administration retaliated with plans to impose tariffs on french luxury goods. is capitalism facing growing skepticism around the world a majority of respondents in a recent worldwide poll by u.s. p.r. firm said capitalism does more harm than good and they pointed especially to the growing inequality of recent years and that's food for thought in davos where the world economic forum open opens its week long meetings today were some young entrepreneurs say business itself now has to change to answer society's problems. getting around in davos can itself be a challenge some venues are locations as now to toot of 1800 meters making them

accessible only by cable car for social entrepreneurs among them martin poor kids worth the journey to draw attention to what they see as the world's most pressing issues business cannot continue as usual business just for profit maximizing profit destroys the planet and destroy the population. some 20 social entrepreneurs have come to davos at the invitation of the shot foundation and the world economic forum they're demanding a new kind of capitalism. no time in history has it become more important for us to look at this concept of stakeholder capitalism we are facing such widening inequality so a sense of non inclusion of everyone that i think the time has come for business government and social entrepreneurs to really understand how each other works to

social entrepreneurs acknowledge that change won't come overnight but the concept of uniting business with social change does appear to be gaining traction. for me being a social entrepreneur is identifying a social problem seeing what i can do creating the solutions and then taking them to ski and working with. the government or the private sector so that they can be included in the system the winds may be changing but some say not fast enough while the work of social entrepreneurs may now be acknowledged there often still fighting to be heard listen to the people listen to what young young men and women are saying listen to what people are saying in the villages the good news is that we have technology today so we can have in addition to a top down effort like the world economic forum a participatory bottom up approach. social entrepreneurs have come from

around the worlds to be in davos. their message there is a fairer and more sustainable way of doing business. or i do senior business editor ben facility is also in davos and he joins us live now ben it's good to see you a big day there with very with 2 very different voices opening the events. who are attendees more interested in hearing from predatory bird or donald trump. good question the little climate activist from sweden up against the billionaire i guess you could say and u.s. president donald trump who really does represent big business in so many ways so it's going to be i would say a clash of the titans is more like a david and goliath battle it could get quite ugly at times we will see the billionaires who are here and i'm sure will be very interested in hearing what mr

trump has to say on the other hand. has got a lot of traction and a lot of interest here especially from the founder of the world economic forum klaus fobbed he's also echoed her rhetoric saying that the world is facing a climate emergency it's whether or not companies start realizing this or not but we did hear from blackrock just last week larry fink is here the c.e.o. who said that he's going to put sustainability at the heart of their strategy that's the world's biggest wealth manager and that would be a huge move of course critics are saying that the company is waist deep in fossil fuel investments so that's going to take a huge huge change but many companies are talking about going carbon neutral going top negative even. one company one german company that's bucking the trend is zeman it has said it's going to back a huge coal mine project in australia and a stranger itself is still a climate denier it says it only pollutes 1.3 percent of carbon emissions it is the

world's one of the world's biggest polluters per capita so that is still a huge problem getting governments on board and briefly is the emphasis is on business to come up with solutions and you sort of got into this how realistic is that when profit really is their main concern and their shareholders concern. yeah well one survey from pricewaterhouse coopers has shown that 24 percent of c.e.o.'s are extremely concerned about the climate and that's a very low figure in comparison to the other surveys that have been coming out from the world economic forum listing climate as the biggest long term risk to companies i was talking to the world economic forum's president yesterday back at pretending and he had quite a lot to say about the trend towards companies now putting pressure on governments which is quite an interesting thing i think a lot of companies are also seeing what is really happening in real life there is an emergency just look at the situation though it is an area of the size of

switzerland that has been burning and we cannot continue on sustainable path we are acting like we have a planet b. but we don't have we only have one planet and though the cost of implementing the necessary steps to start to mitigate and reduce c o 2 is lower than the cost of continuing like we're doing today and i feel that many companies are know even pushing the envelope they are pushing their government to do more and you expecting the impossible by inviting along a teenage climate activists credit to unberth and paying her against the most powerful climate denier in the world donald trump and giving him the opening speech . while the economic forum in davos is about inviting civil society world leaders and also business over 50 years we have a good experience in making sure that the forum for dialogue i hope that

this week there will be real results also when it comes to climate many companies are no putting this also on the top of their agenda they also have an inner city of for planting a trillion trees also have and that's the tubes on the ocean and we also have concrete. in the cities of companies going forward with litle projects and they're doing more that there than the national legislation tells them to do and of course there are different approaches from president trump and gothenburg but the also is reflecting their reality in the world we're living in the reality is is that we're living in a political landscape that's totally divided. and that's holding back climate action and growth in society populism is its highest since the 19th thirty's wealth inequality is has let so many people behind i mean when are we going to see companies paying for taxes decent wages and jobs and

a level playing field amongst economies i think this is also a responsibility for governments there are a lot of tools that governments have at their hand that they're not currently using but of course climate change in itself is a global issue you for emitting c o 2 in germany or in norway or in china doesn't matter it harms the environment as much so we need to also have a global deal and we had the global deal in paris and we had to of course make it more costly to emit we have to have the emitter paying the real price of the emissions today in many places of the world is free to pollute even with such a high cost but then i think future aren't to companies also see if they're good on climate if they're good on in wireman they are also then much more attractive for younger people to work and we're moving in the way from capitalism to talent isn't a company will not do better than the people you can recruit and young people most

talented people would like to work with companies that take inclusion gender climate in marmont also very very seriously so this is a competition among companies that i would like to see more of or a new senior business editor ben physician joining us live from davos then stay warm i'm sure we'll check in with you again soon. thank you and that's it for me and the business team you can find out more about these stories online at t w dot com slash business i'm stephen beardsley ember lead it's always thanks for joining us.

every 2 seconds. for some days forced to flee their home. the consequences coming to sisters in our documentary series displaced depicts dramatic humanitarian crises from around the. fucking thing we don't get them at i didn't go to university to kill people. people feel for their cars and their future so they seek refuge abroad but what will become of course stay behind

and say. my husband went to peru because of the crisis that if he hadn't gone there we would have died of hunger down. displaced this week. hello and welcome we've got a packed edition of arts and culture today so without further ado let's see what's coming up. a surprise at the screen actors guild awards in l.a. as a career in film beats hollywood for a top prize but other awards going as predicted. and modern church architecture brought to life by french photographer.

we begin though with a new holocaust exhibition here in berlin at the house of the vans a conference this house was the notorious meeting place in 142 of leading figures in the nazi government who planned what they called the final solution to the jewish problem and with next week seeing the 75th anniversary of the liberation of auschwitz birkenau concentration camp this exhibition examines this country's darkest chapter. 94 year old eva for heidi travelled all the way from hungary to be at the exhibition opening a whole family was murdered in auschwitz she survived passing on her story is very important in good reason. certain things might inhalation especially this and i.