as bad omen for the rest of the year what they call a black. chinese 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 staff 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 half of all its shops in china. british airways

and lion air suspended all the 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 100 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 are on 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 if 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 nuts a much more globalized world and it wasn't 2000 certainly so there are a few cations 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 all those 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 talk company got 20000 cancellations package tours here from china it's going to be quite hard core to definitely 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 dependent on workers from the mainland and people buying this products definitely i mean i just went to my collar last year and basically this entire city lives off of chinese high rollers wanted to spend their money on gambling there so that's one shut down 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 are the losers but they also went to actually so health care companies their stocks are skyrocketing actually one japanese new mosque manufacturer i looked at this thoughts and it was just going like this and then all of a sudden it just went through the roof because everybody's buying their mosques same story for china health group they're up 280 percent is out the amazing stuff you're doing thank you very much. well demand for protective mosques is surging 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 after i say it is to problem the party because right now what the drugstore. it is just to live with so you know if you have the thousands i think you'll see. high prices have some chinese citizens looking for masks in places further away but even in tokyo many shelves are empty how my friend buys a mess and my family leave. in china that's a very expensive. 100. here isn't what she heard. 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. so while some mask makers are counting their profits 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's 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 weiwei from building 5 g. networks over worries of spying. member states to screen supplies for security

risks but it stopped short of and 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 to execute if ice 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 tell me is safety really the main concern here is that what's at play. well there is the political issue around the american the chinese market and intellectual property the critical issue here is about cyber security is really the other call and the concern over this is in betting spyware

ensue all we compile and some are saying that's happening now and so there's a double edged sword here where the americans are pressurizing governments not to use this technology for security reasons but in my 5 in. the u.k. they've assess the risk is manageable as long as it runs out so it is a core that works 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 saab securities risk is already escalating with persistent threats a p.t.s. is a cold and we have ransom where we have malware trojans and all the other 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 bend out to feel that one that's one less problem to worry about but the attacks are already going on so the issue here is

you just got to reprice your game and invest inside of protections this is to move 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 not here has been very successful using western techniques so. you're saying contracts with governments all over the well very successful that the number one in market share and they've raced ahead of the r.n.a. here is they've they've beaten the americans if pains to the 5 key rice i often call them the tesla of telecoms which is probably slightly of applying it commercially we've just got to look for all time this is where she was shown says governors or the side as well as the 35 cent districts in the 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 they say it's possible. from the work business they'll 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 the lengthy grounding of a 737 max after those fatal crashes has dragged down revenues the company reporting a $1000000000.00 loss in the last quarter and a $636000000.00 loss in over the full year boeing also estimates additional costs of over $9000000000.00 for now. by doing business with.

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place. play. news alive from our land nations began evacuating their citizens from the city epicenter of the corona virus outbreak charter planes take people home to japan and the united states other countries are planning similar operations need while the number of confirmed cases jumps to almost 6000. coming up.