1st trading day for the year of the rat and the. bad omen for the rest of the year what they call a black. exchanges of. the coronavirus is devastating business reliant on chinese from the mainland but it's still keeping many workers on their toes in the absence of guests at the luxury marco polo hotel in the epicenter of the outbreak stuff of taken to exercising together in the lobby to stay active. but the rapidly spreading outbreak is having a profound effect on all kinds of business in china. in the capital beijing of the 1000 kilometers north of one normally bustling streets and shopping areas are eerily quiet. coffee shop chain starbucks has temporarily closed 2000

outlets that's huff of all its shops in china. british airways and lion air suspended all their direct flights to mainland china for the immediate future. several of the world's largest companies have taken similar measures apple has a major presence in china it has restricted employee travel to the country and closed one store facebook is also restricted nonessential travel and advised workers to work from home toyota has closed down all production until february night in china while ikea has closed its store and adjusted its opening times at other outlets across the country with more than 130 people now dead as a result of the virus and around 6000 cases confirmed worldwide things around likely to return to normal for businesses any time soon. as i mentioned one country after the next is closing its border to china the virus isn't as deadly as for

ebola but this is shutting off the world's 2nd biggest economy a reporter job has traveled a lot for the region what does that mean or what would it mean if china is totally isolated from the world economy i mean a lot of economists actually fearing of their g.d.p. is going to contract a lot that actually happened in 2003 during the thoughts outbreak as well especially with all of the factory shutdown for the happening at the same time in a way it's not a much more globalized world and it wasn't 2000 so there are a few occasions are going to be much bigger probably especially if you look at what kind of companies are producing in china like foxconn for example for i phone tourism is going to be one that's certainly going to be hit all those tourists or chinese tourists and certainly markets around the world are now depending on them definitely domestic tourism is a big thing in china but especially overseas tourism everywhere you go you

basically see chinese tourists and they're actually the biggest spenders on tourism worldwide i mean yes the numbers speak for themselves especially regions around china vietnam thailand japan they're being hit a lot i actually read that one japanese took company got 20000 cancellations package tours here from china it's going to be quite hard quarter definitely and at the same time you've got these hubs of jaw closing down shanghai. and regions around china say hong kong macau taiwan all really depended on workers from the mainland and people buying this the products definitely i mean i just went to my call austere and basically this entire city lives off of chinese high rollers wanted to spend their money on gambling there so that's on shutdown now as well and it's a ghost town. look at the shares from galaxy entertainment they're down 5 percent

sands china down 5.6 percent you would have seen the jewel. there down by 8 point one percent they have branches all over macau hong kong throughout the region exactly those of the losers but they also went to actually so health care companies and their stocks are skyrocketing actually one japanese. manufacturer i looked at this also i was just going like this and then all of a sudden it just went through the roof because everybody's buying them off the same story for china health group they're up 280 percent it is out the amazing stuff thank you very much. well demand for protective masks as the virus spreads many places have run out others jacking up prices officials of slap some stores with fines for overcharging customers. standing in line for a little extra protection surgical face masks are flying off the shelves in pharmacies and they're for sale on virtually every street corner with parts of

china stricken by the corona virus people are looking to protect themselves at any cost i think it is not a problem off the prize it is to probably the far right seat because right now what they. get is just to live with so you know you have a few ounces there. high prices have some chinese citizens looking for masks in places further away but even in tokyo many shelves are empty help my friends buy some that send my family leave. china that's a very expensive. one little fact that's. $100.00 times. here isn't what she heard you feared. with airline and bus travel partially shut down and repeated government warnings of further contagion the coronavirus is a real boon for some ask manufacturers. sales fell

last week or about 3 times as much as the previous week and if you go on a year on year basis sales have doubled even though last year we had a big case of influenza of then and. so while some ask makers are counting their profit the rest of the economy could be in for a rough ride according to one japanese economist. market. of course there are some positive effects on masts and other retailers selling things to protect yourself against the virus but on the other hand there is negative affects for every nation related companies for railways and focus medic makers the chinese tourists usually like. as for china the government has already warned that the coronavirus will impact the country's gross domestic product and add to current economic worries. another setback for the us campaign to stop

china's wild way from building 5 g. networks of spying e.u. is urging member states to screen supplies for security risks but it stops short of any bad. the european commission says member states should consider banning high risk 5 cheat acknowledges suppliers from its most sensitive assets but stopped short of naming china's huawei the companies that global market leader and 5 g. technology which in turn is considered crucial for the digital future increasing connection speeds and possibly revolutionizing medicine agriculture and energy grids 5 she will make a positive difference says margaret divest aga the european commission's executive vice president and digital economy chief but only if its networks could be secured the european commission is asking member states to assess the risk profile of 5 g. suppliers and apply restrictions when necessary whether or not that's the case for

what way remains to be seen. the e.u.'s decision mirrors measures approved by the united kingdom on tuesday both the u.k. and the e.u. are falling short on demands by the united states for a blanket ban for the chinese firm but still works on cyber security at the work business school is this a win for can you just clarify that 1st of all. well yes obviously they managed to retain some market share within the u.k. so the carrier that is always child's govern the set is 35 percent maximum market share ownership which restricts their revenue generation from it but it is a win from their point of view so he is safety really the main concern here is that what's at play. well there is the political issue around the american

chinese markets and intellectual property the critical issue here is about saudi security is really the other call and the concern over this is in betting spyware ensue all we combine this almost saying that's happening now and so there is a double edged sword here where the americans pressurizing governments not see to use this technology for security reasons but in m i 5 in. the u.k. they've assess the risk is manageable as long as it runs out so it is of course networks what does that mean manageable i mean should we should we be worried that europe is pushing ahead with this. well no because to some degree yes because cyber security is risk is already escalating with persistent threats a p t's is cold and we have ransom where we have malware trojans and all the lexicon of attack so regardless of which supply you use are going to have these issues the question around the hallway is the surveillance about ways of attacking

the network and one of the things is if you keep the then the outfield or then that's one less problem to worry about but it's actually going on so the issue here is you just got to be racial game and invest in cyber protection so this is to save issues wrapped into one issue that much just tell me where all the other vendors are the alternative supply is what's happened to nokia to ericsson. yeah well obviously those are european ones and the reality is all that nokia has been very successful using western techniques to acquire this thing called trucks which governments all over the well very successful have the number one in market share and they raced ahead the irony here is that they've they've beaten the americans if pains to the 5 key rice i often call them the tessler of telecoms which is probably slightly overplaying it but commercially we just got to look for all time this is where she was shown says governors or the side as well as the 35 percent restriction on market as over the next 2 to 3 days in the european union they

really got sanish his for private public partnerships across the union bloc of countries it will take time but if we can regulate this and manage this is possible . from the our business will thank you very much. and you just coming in before we leave aircraft manufacturer boeing has reported its 1st annual loss in over 2 decades 11 grounding of a 737 max after those fatal crashes has ranked down revenues the company reporting a $1000000000.00 loss in the last quarter and a $636000000.00 loss in over the full year going also estimates additional costs of of a $9000000000.00 for now. boston business with it. it

was. the momentum of the morning world. business magazine made in germany. and 30 minutes on d w. i think everything challenging 1st and i became a muslim. so much different culture between here and there challenging for

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beethoven 2020 the 250th anniversary here on dio you know. this is news live from her legs and nations begin evacuating their citizens from the city at the center of the corona virus outbreak chartered planes take people own should japan enter the united states other countries are planning similar operations meanwhile the number of confirmed cases jumps to almost 6000. also

coming up palestinians in the israeli occupied west bank demonstrate their opposition to president trumps peace plan but international reaction is more cautious. and.