every 2 seconds the person is forced to flee their home. the consequences and just stress we're documentary series displaced depicts dramatic humanitarian crises around the world. forgetting we don't have time to think i didn't go to university to kill people. that pain. people feel for their lives and their

future so they seek refuge abroad but what will become of folks who stay 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 one of them. just placed this week. a deadly virus on the world scrambling to stop it more confirmed infections and more deaths as the corona virus is spreading the world health organization pondering if this is a global emergency and while the travel industry is bracing itself for in fact also on the program at the world economic forum the head of the u. commission warns trade partners that. there will be consequences should they try to

exploit the block on its aim to reduce emissions and become carbon neutral and general motors unveils the car which the company hopes will make it a serious contender in the ride sharing business. i'm chris colfer welcome to the program more people are falling victim to the new flu like deadly virus the death toll rose to 17 on wednesday with more than 540 cases confirmed the chinese city of wang the epicenter of the corona virus outbreak has closed all transport networks people are told not to leave the city that's according to chinese media while fears are mounting over a potential global impact those working in the travel industry are particularly worried. it was a right they had to fight for stuff like cathay pacific have now been granted permission to wear masks on all flights not just those in mainland china their employers decision no doubt is influenced by the discovery of

a number of cases of the coronavirus outside of china so. i'm sure everyone know it's now seems out of control already 2. new cases memories of the devastating sars outbreak in 2003 have prompted airport authorities around the world to step up screenings of passengers coming from rouhani where the virus originated there are coronaviruses that cause the common cold that are now a huge public health concern and then there are coronaviruses that caused sars severe acute respiratory syndrome or mers middle east respiratory syndrome but the new virus isn't just a public health concern it could also cause billions of dollars in economic losses from travel and spending it's already infected financial markets with cautionary solo fun choose day followed by park and buying on wednesday. for the travel industry the timing couldn't be any worse the new lunar year kicks off on friday in

china that means mass transit and the usual here some $3000000000.00 trips are made during the holiday period this year some are counseling their plans. this year i didn't go back. because of my my family there were. if i feel bad for this so i. but the travel season will also be a test of officials ability to contain the outbreak should it turn into an epidemic experts say the impact on the global economy could be staggering for more let's bring in our financial correspondent hossein always they are in new york. now this is obviously a developing situation so it is hard to estimate its impact and potential cost there have been some attempts to tell us more. correct

so far bank can only star as to trying to calculate what would happen on their on off scenario there is no a specific way of measuring d.z. so most know models had taken this sars as a comparison by then the worst affected economies were china hong kong taiwan canada and singapore their economic growth there was affected by poles in retail sales and 12 was people sought to avoid through fear of contagion but they all saw they also saw activity revolving sharply afterword what we learned by down greece even but it was a relatively short leave the outbreak resulted in hundreds of deaths and a loss of at least $40000000000.00 of global economy solutions markets took a hit on tuesday on the news of the coronavirus spreading give us your wrap of wednesday's trading session. wall street here did not panic about coronavirus about erling stocks where. there are several factors had to take into

account not only the risk of an epidemic outbreak but also more news on boeing $737.00 mags and some companies releasing quarterly earnings so why wall street that closed with mixed sino here in st louis the auto on wall street thank you and now to some of the other global business stories making headlines germany's benchmark dax index reached a fresh all time high hitting 13640 points in wednesday trading analysts attribute the move to the recent us china trade deal pact lifted spirits among germany's exporters italian police have seized to 10 tons of pork smuggled into europe from china the cargo was found at a food near power walk and authorities there fear the mead could be contaminated with african swine fever chinese pork meat is forbidden in the european union

a judge in canada has approved a 136000000 euro fine against fox wagon after the carmaker pleaded guilty to dozens of counts of diesel emissions violations fox wagon was charged december with importing nearly $130000.00 vehicles in the calendar that violated emissions families the fine is the largest environmental penalty in canadian history. european commission president underlined told participants at the world economic forum in davos that the european union is examining a carbon tax on imports ms funded line said there would be no point in reducing greenhouse gas emissions at home by importing emissions from abroad that could mean a carbon boarder tax on high emissions goods from outside the walk in a so-called new green deal the u.s. promised to become carbon neutral by the year 2050. so the head of the european commission taking center stage in davos on wednesday but the u.s.

president was also back and the spotlight here is our correspondent javier are get us with more. the president of the european commission. was very clear when she said that the european green deal will be the strategy for the blocs konami growth growth that could be threatened by a trade dispute with the united states however after listening to the u.s. president donald trump who again addressed office today in a press conference it seems like trade negotiations between the u. and the u.s. are not going so well the president even said that it's more complicated to negotiate with the e.u. negotiating with china experts agree that a trade dispute with you would be far more costly for the u.s. economy than the ongoing trade dispute with china that's because taking into consideration imports and exports bilateral trade in 2018 for example was 70 percent larger between the u.s. and the e.u. than between the u.s. and china. i guess reporting there now what is the purpose of

a company is it simply to create value for shareholders or is it to guarantee a certain social goods like work and decent wages while with climate change looming and inequality persisting skepticism over traditional shareholder capitalism is coming from all corners and seems to resonate among the leaders gathered in doubles one message coming out of davos is that companies want to take more responsibility for the environment and one is ahead of the pack one of the world's biggest money managers blackrock is working with germany and france on creating environmental funds $500000000.00 for sustainable investments and the trillions of dollars that blackrock managers will be invested in clean projects. we're going to turn down any companies that don't take long term environmental and climate risks into consideration in their. corporate management we take coal mining for example we

will withdraw from companies that continue to rely on coal will refuse to take part in those projects. blackrock is still one of the biggest investors and coal projects such a huge company changing its policies can have a tangible effect but is this just green washing or a serious commitment it's not something that superficial it's not something that they're doing to greenwash it's something that fundamentally changes their economics and 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 a new sustainable capitalism look like there are plenty of initiatives around the world to help companies be more sustainable and we're told there's definitely 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 with

that 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 going players are really not just compete those hopefully have the future but the $500000000.00 that black rock is collecting for climate funds won't go far in solving the world's climate woes. and general motors has unveiled the driverless car that will power its planned autonomy ride sharing services that's been developed and cooperation with japanese rival honda in an effort to catch up with rivals who are already far ahead. this is the origin story of g.m.'s self driving ride sharing aspirations the rather boxy looking symmetrically designed cruise is supposed to be the future of inexpensive day to day travel safer and better cheaper than whatever entering the room. but cruise has

got off to a slower start than collaborators g.m. and honda would have liked regulators a yet to get on board with the $19000000000.00 project cruises still awaiting the permit it needs to do driverless test rights on california's roads however c.e.o. dan ammon is already planning the next steps i am your therapist. thank you very much to speak to me. he says cruz is well on the way to production but hasn't said when or where. and that's our show thanks for what.

to come. from. his friends. losing money on macrolides to be seen as one of the driving forces for reform in you my guest is reclear in brussels he says former europe minister nothing new was oakes one of his most vocal cheerleaders from the european parliament fears the macro revolution has gone so far hasn't run out of

steam in the conflict so folks next focus on the public's. europe. what unites. what divides. the mood looks of the driving force. what binds the continent together. the answers and stories aplenty the. spotlight on people. in 60 minutes on d w. d t you know that 77 percent topic are younger than 6 o'clock. that's me and me and you. and you know what time all voices.

on the 77 percent talk about the issues come about. from politics to flash from housing boom boom boom time to this is where. welcome to the 77 percent. this weekend on the g.w. . there is something that is not working some people decide not to see it what you know about the palin luncheon for us broke over time countries in chaos are you talking about a bad guy. why don't you put the other side. france's president emanuel macrolides to be seen as one of the driving forces for reform with the view that his efforts to change his own country around there's a serious trouble i guess this week here in brussels is his former europe minister

now telling one of his most vocal cheerleaders in the european parliament is the macron revolution advancing.