the smart way to keep your. global auto and mobility show every week w. . 2 cases of a coronavirus now in the u.s. and mark how it will look at what an outbreak could mean for the global economy and for asia as it prepares for the lunar new year. also on the show businesses are facing more pressure than ever to promote social change go to davos where some are calling for a new capitalism. this is your t w business report i'm stephen bears in berlin welcome to the program. what's the purpose of a company is it simply to create value for shareholders or is it to guarantee

social benefits like work and decent wages well traditionally an american would be more likely to answer that question differently than say a european but now with climate change looming and inequality persisting skepticism over traditional shareholder capitalism is coming from all corners and it's finding full voice in davos. one message coming out of 2 of those is that companies want to take more responsibility for the environment the world's biggest asset manager blackrock reiterated its plans to put climate change and sustainability at the heart of its investment strategy a statement of intent for the moment but definitely a trend is it just green washing or a serious commitment to a new form of capitalism it's not something that superficial it's not something that they're doing to greenwash it's something that fundamentally changes their economics in the way they do business if we actually think about companies that are performing well financially. they're also usually the ones that are doing better on

environmental metrics and social metrics and governance metrics. what would this new capitalism look like in practice there are plenty of initiatives around to help companies be more sustainable and we're told there's rising demand for such services especially since companies are affected by complex global problems which they can't solve on their own. well it looks like the girl liberation is the new competitive edge to companies so those companies that know how to collaborate with n.g.o.s civil society with governments and with their competitors with their supply chain players are really barred not just beat those hopefully have the future but in the present global inequality is growing incomes of bosses and employees diverged undermining confidence in capitalism but some including trade unionists voice qualified approval of a revamped kind of capitalism that guarantees basic rights. i welcome the concept

it's it's bad much better than the short term shareholder capitalism that we have that don't dominate right now my mice dow it is said it can't happen without a real shift in power it's got to be real it's got to be give have more power to workers to actually shape their own future negotiate their own future and rules so in future balance sheets might not just reflect sales and profits but also a company's global supply chain and how it pays its workers some of the ideas being discussed it could lay the groundwork. and joining me live from davos is the senior business editor ben physical and ben good to see you before we talk about sustainability responsibility you know davos is always a venue for trade talks and of course we're expecting the e.u. commission head to give a special address today what are you watching today. well it will be interesting to see what also to fund a lie and outlines for the e.u.

basically she's the commission's 1st female president and has met with u.s. president donald trump. both of the striking quite a cautiously optimistic tone underlined said she looks forward to working together with trump trump admitted she is a tough negotiator and said that would be tricky for the u.s. they're trying to strike a trade deal and trump says that is still on its way but has not ruled out that is something will his biggest bargaining chip basically but something that would really hurt germany and hits the european union hard right a lot of concern about that here in europe now ben let's step back to that piece that we just saw businesses facing increasing pressure to change their model is it fair to say that they're essentially being asked to do what governments won't do and is that fair. well what's fair in life stephen.

i think you've got that right i mean governments are meant to set the framework for how businesses operate to ensure a level playing field but in this case after having talked to the president of the world economic forum baggett pen day he told me that the scales the tipping and that it's now businesses that are pressuring governments on how to act responsibly which is quite strange really we haven't had this before it's because of all the pressure from customers from employees and from environmentalists on these companies the environmentalists saying that these company bosses won't have a planet to grow their businesses on so they can forget their profits but it's the long term profits that are interesting here that's something i spoke to with the board member of a.s.a.p. a day folks martin she's one of the most powerful women in the business world and i asked her about s.a.p.'s responsibility the business software maker. was social enterprises 1st of all are incredible businesses that operate business but give

back half of their profits to their mission statement and what we're doing in s.a.p is making it easier for the world to buy their goods and services from a social enterprise what about sep itself because we talk about these projects that are fantastic and the social entrepreneurs who are doing fantastic stuff but when it comes to the corporate level you've got these huge corporations who could be doing so much more for the planet how is this a p making a difference there well look i think it's about the power of and because you can do good business and still do good when you're doing good business and one of the things that we're doing in the context of social enterprises is facilitating our riba network which transact 3 trillion of us dollars per annum as an environment or social enterprises can make themselves available to business let me just give you a very simple example write every business needs paper every business needs office supplies no matter what you're doing now imagine you have a choice i'm going to buy that paper from

a company that operates just purely for profit or i'm going to buy that paper exactly the same paper from a company that plows its profits back into educating girls in africa. really stick . to the businesses become more responsible we hear so many promises here at davos to do you see action i actually think it's realistic and it's actually a business imperative i think it's an imperative of modern business today your employees will demand it investors are demanding it and customers are watching how companies behave in a social context and as a payoff at the end i mean that's what shareholders want to hear of course our main stakeholders are of course our shareholders but it's the power of and you can do good business so do you see a shift here at davos this year so many more people are talking about sustainability it's become part of the mantra of the world economic forum but do you see actual changed. i believe so because i think underneath the mantra many companies are putting in place programs to actually act on vision statements and to

enact on mission statement so i think we will start to see some tangible differences a day folks martin thank you very much thank you so much. or i've been physical in davos thank you very much. stocks in asia have been rebounding after china's response to a virus outbreak tempered some fears of a global pandemic markets had been worried about the potential spread of the corona virus which emerged in the central chinese city of. concern was particularly high given the large amount of people traveling ahead of the lunar new year 9 people have died and there have been more than 440 cases of the coronavirus so far. and i'm joined now by correspondent so don han in taipei so it's good to see you so how do companies and businesses in mainland china and in taiwan prepare themselves for something like an epidemic of this coronavirus

both in china and taiwan companies a high leverage and right now many of them employees not to travel to and to other provinces in china including other countries where there are confirmed cases so they're really trying to do something to prevent this case brad and so we can see that they also apply some robust program on this infection and cleaning and also they hope some health lectures by doing so they hope that they can they can stop this case that they can stop their employees from not going to work because of this virus so really they're trying to make sure that the blow to the to the company in qana me is not so big. so that we have any idea how severely asian economies could be hit by such a virus what is his history teaches in this case. well

investors draw a comparison to the 2003 the looks like we may have lost our correspondents always on han there we will see if we can get that back up for you let's move ahead now to the u.s. where shares in troubled aircraft maker boeing dropped 5.5 percent on tuesday before trading was suspended as investors reacted strongly to news that the $737.00 macs would not return to service until the middle of the year now that's much later than the u.s. manufacturer had initially expected the fuel efficient 737 max the fastest selling airplane in boeing history was grounded in march 29900 following 2 deadly crashes the new delays pose more problems for airlines in particular because they've relied heavily upon the max in their fleets. let's take a look at some of the other global business stories making news. mining company

vale has been charged over a dam collapse in brazil that killed 270 people fail and its german auditor sued are accused of environmental concern environmental crimes rather. global ride hilling and delivery firm has sold its business in india to a local competitor as part of a renewed push for profit over said it would trade its network of restaurants couriers and customers in exchange for 10 percent of its rival mottos capital. and that's it for me and the business team you can find out more about these and other business stories online at www dot com slash business and to check us out on facebook and twitter i'm stephen beers in the lead as always thanks for joining us

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every 2 seconds person is forced to flee their home. the consequences to some astros were due to. entry series displaced depicts dramatic humanitarian crises around the world. for good thing we don't have time to think i didn't go to university to kill people. people feared for their lives and their future so they seek refuge abroad but what will become of the person who stayed

behind it's a. little my husband went to peru because of the crisis that if he hadn't gone there we would have died of hunger running out of town. displaced this week. played by one c. who has been called the most expressive chopin performer of a generation ship be my guest in studio in just a few minutes time. we begin today though with an exhibition in the western german city of essen which features pictures of 75 survivors of the holocaust you know exhibition was opened on tuesday by the german chancellor and the number 75 is

significant because next monday will be the 75th anniversary of the liberation of the auschwitz death camp in 1945 you know exhibition is one of many events marking this anniversary. these people were persecuted by nazi germany and survived. the portraits on display in the german city of s. and. the title of the exhibition is survivors faces of life after the holocaust. the 75 photographs by martin shiela german who lives in new york. what i think really brings these people together is.