pains people feel for their mothers and their future so they seek refuge abroad but what will become of us who stay behind. displaced this week on g.w. . the. markets react again as the new virus spreads in asia shanghai and hong kong both seeing losses as airlines sever ties to the outbreak here in china will european markets catch the contagion. also in the show we'll look at which countries are considered the most corrupt in the world. and we'll introduce you to a young activist at davos with a plan to fight climate change and no it's not credit. welcome to your

business report i'm stephen bears in berlin it's good to have you with us asian shares have suffered further drops as a result of the spread of a new strain of coronavirus stocks in shanghai sank as the death toll in china rose to 17 and the number of cases top 500 at hong kong also slipped 1.6 percent after hong kong recorded its 1st instances of the virus the chinese government has announced the temporary shutdown of public transport and where the virus originated however the world health organization has stopped short of declaring it a global emergency and let's bring in our financial correspondent in frankfurt conrad booze and conrad good to see you conrad yesterday we saw a record high with the german leading index the dax can it hold on to those gains today given what's going on in asia. good morning stephen though it would be considered a good thing on the market here in germany if the german index managed to stay not

to fall below that record high it reached yesterday you know the concern about whether or not this virus can cause an epidemic or even a pandemic really has the perfect ingredients ingredients to to cause fright on markets all over the world everyone understands the gravity of the problem when a city of immense 11000000 people in china is being closed down and this at the beginning of a holiday season where a country you know china people of more than one trillion people basically wants to go on the road and travel and plus of course the virus arriving in other countries already though this really is something making people all over the market's very nervous kind of what economic structures we expect to be hardest hit here i would assume travel airlines. yes absolutely some of the airline shares already

have been hit quite significantly everything related to travel of course is in the spotlight plus retail some of the shares of the luxury goods makers here in europe who sell a lot of stuff to rich chinese people in particular when they're on holiday seasons they have already suffered but of course if this becomes as grave as the sars virus in china a couple of years ago it could have a negative impact on the chinese economy as a whole this concern is reflected this morning on the oil market where the oil price is down quite significantly to all roads all eyes remain on the break in asia kind of losing their force in frankfurt thank you. well tesla has broken a new barrier on the stock market electric car makers currently worth more than $100000000000.00 that's up the shares jumped almost 5 percent on thursday to close at 570 dollars and that's good news for c.e.o. elon musk who gets paid by tesla and company stock but can't cash in until the

company reaches certain milestones he stands earned big for example of the company's market capitalization remains above 100 $1000000000.00 for 6 consecutive months. a corruption is a daily part of life in many countries around the world but it need not be according to transparency international the berlin based organization has now released its annual corruption perceptions index hoping it can force more nations to act against crookedness. people around the world are showing their rage at corrupt officials and political systems they're protesting on the streets in haiti in lebanon in israel and romania corruption is a problem worldwide say experts no nation is completely free of it the berlin based ngo transparency international ranks countries in its corruption perceptions index on a scale of 0 to 100. the less corrupt a country is seen to be the higher it score the new index published today has

denmark with 87 points in 1st place followed by new zealand and finland as in the past several years at the bottom of the scale or serious south sudan and in last place somalia with just 9 points. and unfortunately those countries on injury moral and miles or which is $33.00 in russia and that is that this is another problem according to the ngo is the often cozy connection between politics and capital. is it by big money and is his election campaigns basing this data in the. it is a mistake to caption the only thing. that some countries have found ways of combat in corruption and go look for instance began to take judicial steps against cronyism and embezzlement of the highest levels in 2017 and has now moved up 7

points in the index. sustainability it's the big word in davos this year that's of course the swiss resort town with the world economic forum has gathered the global elite to discuss shared challenges and the can be some cognitive dissonance in the mountain air in davos with big wigs often coming and going on private jets but there are also some very earnest efforts to solve serious problems take a look. has the world economic forum gone green not quite during the meeting the roads in davos are jammed with gasoline and diesel burning cars. maybe young climate activists can breathe some new life into the annual get together a number of them have come to devils not just grated tune back felix think byner for example is here to convince the world to plant a trillion trees if we manage to plant these trillion trees they would capture about a quarter of all human made carbon emissions so we could be incredibly powerful in

a century giving us a little more time to reduce our global carbon emissions because if we continue on our current track we heading towards a climate catastrophe the forum has put the climate campaigners plan on its agenda this year in davos there seems to be just one topic entrepreneurs and policymakers alike are talking about sustainability but is that enough outside in the cold scientists and environmentalists are camping at the arctic base camp they're calling for every decision by political and business leaders to take climate change impact into account they say everyone at the forum is familiar with the facts by now. i think the real question for world leaders is will they work work and act fast enough and will they be able to to do what needs to be done and that's a radical transformation felix finkbeiner hopes to realize his dream of a trillion new trees in as little as 10 years even the u.s. president has voiced support for the initiative the 22 year old activist is fine

with that as long as the trees are planted soon. or i did you senior business editor ben facility is also in davos and we go to him now. ben good to see you this morning this guy's only 22 years old credit to beg a teenager is it only the young people who are talking about sustainability or at least have ideas for in davos what about all these world leaders who are also there . the strange thing is yeah it's the young telling the old what to do but also companies telling politicians what to do and they are listening up we heard prince charles yesterday saying that we are facing a climate of urgency and that we have to rethink our economic model germany and france joining black rocks. very strange and. exciting move and shift to put the planet and sustainability at the heart of its

strategy pledging that it will speed up the funding of projects in developing countries for renewable energies and the like we're also seeing a move by artificial intelligence to save our planet for example a technology being used to track down poachers when it comes to saving the rhinos so watch out poachers many people do feel ai it's something also to marvel. but to talk more about that ok 1st bought a field is here the world economic forum's head of artificial intelligence and machine learning is it something we should fear i mean i just got back from shenzhen in china and was followed around the city by cameras i know my daughter is part of the system now it's unsettling to be followed around by a camera. is it something we should feel it's not something that we should fear but we should be careful about the way we deploy it and say there are a number of things that currently wrong with machine learning or issues of bias

transparency and you see that is actually coming out in the facial recognition technology where they cameras are 98 percent good at picking up white faces but a 92 percent good at picking up african faces what would that mean what could that mean well that could mean that if you were using it for example in policing than groups that have been traditionally. specially in the united states. brisk and within the jail system that they could be picked up wrongly for for crime so what we need to do i mean the european commission has been talking about a 5 year ban on facial recognition is that a smart move because china as i mentioned is moving ahead in leaps and bounds with this technology it's leading the way and i guess it's going to be setting the standards well each each area sets that sets its asian standards the name one of

the things we'd like to work on with the world economic forum is actually trying to set some global standards for some of these issues around. a bad and there are a number of countries. cities thinking about a ban or actually having made about say san francisco where i came to come from is one of them we're actually working with france on a project and facial recognition to really think about whether it's a bad. or whether something in the middle in the government says is necessary we'll even google is calling for regulation which i find quite funny and microsoft yes yes brad smith been calling for regulation for a long time and the reason behind that is really because. we don't want to see little startups that don't care about ethics of ai getting into the market and really we want to make sure that the ethical perspectives of ai particular fish or

initial are before ok 1st but i feel thank you very much thank you. so back to you stephen. with the latest from davos thank you very much. and that's it for me and the business team of course find out more about these and other stories online at business deal dot com rather slash business of course on facebook and twitter i'm stephen birds in berlin as always thanks for watching.

why subscribe to g.w. books you meet your favorite writer sometimes. he gets a response to w. bush. carefully. his soon. to be.

discovered. documentary. hello and welcome to news from the world of arts and culture and here's what's coming up in the next quarter of an. it's turning out to be a hard makes it between the roll family and harry and meghan we'll be discussing that. and staying in britain there's also a debate about the chimes of big ben and bricks. we begin in verona italy this beautiful city is where shakespeare is romeo and

juliet fell in love but it has a dark side to it was one of most illini strongholds in the 2nd world war and today neo fascists are thriving once again and door being walls with hate graffiti including swastikas so a plucky street artist that called chivo seeks the graffiti out paints over it with well pictures of food. the historic scenic city of their own and has a problem with meaner graffiti it hasn't reached the picture in skull town but it is impossible to look in the left touristy parts of the city st john's is chivo is on a one man mission to cover it up. a lot out of this a bit i'm going to paint over it with a sausage i don't serve sausages on the seats a. key though is the pseudonym actually at palo spinup say. food in italian and food.