how songs passes of history hard to judge. by. the search and songs like that don't go away or stay with us for all time. by. our son. who starts for jury service. w. whom. the coronavirus continues to rattle the markets but earnings reports from the tech sector managed to provide some welcome to destruction also coming up the u.k. takes another step towards the bricks and back door as the european parliament approved its deal with the e.u. . and closing production is fast and cheap and it accounts for what you see the

pictures of the brics a decision still closing accounts for 5 percent of global greenhouse gas emissions we take a look at the norms of so green fashion industry. welcome to your business i want to johnsonville and good to have you with us the spread of the corona virus continues at an alarming rate with currently more than 7700 confirmed cases in china as countries evacuate their citizens from china and businesses close their doors the growing epidemic continues to rattle the markets only the earning season offer some welcome distraction. asian stocks continued to fall on thursday with fears rising over just how serious the spreading coronavirus could get. regional markets stock slumped to a 7 week low and as more and more global corporations cut back their activities in china the impact of the coronavirus on the chinese and white or asian economies has

prompted a sell off taiwan has fallen by more than 5 percent while there have also been losses in japan and in hong kong across the pacific u.s. federal reserve chairman jerome powell spoke of the possible economic impact of the virus would have there is likely to be some disruption to activity in china and possibly globally based on the spread of the virus today in the travel restrictions and business closures that have already been imposed. of course the situation is is really in its early stages and it's very uncertain about how far it will spread and what the macroeconomic effects will be in china and its immediate trading partners and neighbors and around the world news from the markets hasn't all been bought on wednesday several u.s. tech giants posted impressive 4th quarter results like tesla its $105000000.00 profit saw its shares jump by 12 percent apple also posted higher than expected

revenue figures. the picture was a little less sunny though for facebook its stock fell back after it posted a more than 50 percent rise in expenses. and just in germany's largest lender deutsche bank has chalked up a $5700000000.00 euro knauss for 2019 it is the 5th straight year in the red for the bank and was the analysts projections company management to blame the hefty price tag for deutsche is restructuring plan for the loss of a more let's bring in our market correspondent in frankfurt chelsea delaney and chelsea here you are so much reporting they are 5700000000 loss blaming restructuring how good an excuse is that. it's not a total surprise that the torture because reporting in fact last year at the size of this loss is a look a bit of a surprise investors have been expecting something closer to $5000000000.00 euro so almost another 1000000000 euro and a loss is quite

a big miss they are blaming restructuring charges and they do have a lot of restructuring charges torture bank has been since the summer really trying to reshape their business really they've. they're coming out of several years of losses as he said and they're really trying to scale back their their global and ambitions their quitting sitting equities trading their paring back the investment bank and all of that is very expensive their goal is to cut about 18000 jobs over the next few years and they've only got about 4000 so far according to this latest report so they really have a lot on their plate i think investors are going to be focusing a lot on on the revenue side here. looking at the revenue it did come in a little bit better than expected it was it was i think about 5350000000 and that was

a little bit more than investors had expected but it's really still is still going to be a struggle for databank as they continue to work there it is restructuring charges are rising considering that this was once a major global player this is quite a fall from grace there i believe you go to the press conference later today and bring us all the latest from there in the meantime there has been some upbeat use of the german economy is expected to grow a little bit more than was previously expected how does this fit in with the grim business and demand that we had earlier this week. i think you sort of have to put this in enter 1st active government is now forecasting a 1 point one percent increase in g.d.p. that's up from one to one percent before so it's a very small very small increase but the data has been quite mixed out of germany some of the. factory data the manufacturing data does seem to be pointing to an

improvement but there still is a lot of concern about the global economic environment and i think crown of ours is definitely going to sort of add another element of uncertainty for for the german economy going forward chelsea delaney in frankfurt will catch up with you later. the european parliament has signed off on brics it n.e.p. is overwhelmingly back to the withdrawal agreement between the u.k. and the e.u. by 621 votes to 49 the historic occasion was marked by a poignant moment when members of parliament broke out into a tradition of a traditional scottish farewell song. the. the. the britain is due to leave the european union on friday at midnight brussels time and so begins

a new chapter for european trade. german machinery manufacturers have been hit hard by press that uncertainty has taken a toll on the order books and exports fell last year under a transitional arrangements the u.k. will remain in the single markets in the customs union for the rest of the year after that the only to be an agreement in place. maybe by the end of this year we will have reached a basic agreement but this is only as a percentage of a real free trade agreement which needs to be negotiated much longer than only for a few months. these will be tough negotiations the parties need to establish whether or not to implement tyrus and how intensively goods will be examined at the boat as britain wants to set its own moves and no longer be governed by iraqi lation even regarding matters like social standards and the environment we expect from the e.u. that they protect the continent of business if the united kingdom

plans to undermine the standards that we have achieved in the european union so if they are seeking optimization against the european union then we expect the european union to step and. german carmakers b.m.w. also expects a drop in sales figures if there's no deal by the end of the year in which case standards world trade organization trade rules would apply the u.k.'s b.m.w. factories employ many e.u. citizens what will happen to them must also be negotiated. and also some of the other business stories making news in its annual economic report the german government forecasts a 1 point one percent rise in gross domestic product during 2020 that's likely up on the barely one percent forecast only a few months ago after a year of sluggish growth and falling exports berlin says the country is slowly overcoming a weak. germany's lufthansa group has joined the other carriers and suspending

flights to china following the coronavirus outbreak that has killed over 130 people tons of swiss international and australian austrian allies will avoid china till february the 9th will continue to fly to hong kong to take no bookings for mainland china until the end of february. is present on a time pass signed a revised trade pact between the united states makes a cut in canada into law he hailed the u s m c a as a tremendous breakthrough for american agriculture manufacturers and auto workers the deal of dates and replaces the 26 year old north american free trade agreement on nafta it contains strict labor rules which could move jobs from mexico northwards to the u.s. and canada the new deal also includes fresh rules on digital commerce and technology industries that didn't exist to the same extent when nafta was it. the clothing industry produces more emissions than ad travel and shipping combined more than 5 percent of global emissions come from clothing alone and it's rising

big fashion chains like aging m. and bring out new items of clothes every week at the same time the quality of clothing has fallen dramatically they don't last long prompting consumers to buy new ones sooner than they planned. if you want a full good move knows the ugly side of fast fashion all too well and doesn't want to be a part of a tiny more she's a textiles expert at environmental organization greenpeace and hasn't bought a new item of clothing for 10 years. she buy 2nd hand or exchanges close with others clothing swap parties everyone brings a few garments and takes a few home for themselves. you can find here i can take something on a whim without harming the environment because the closer for deeper morning if i don't want to tell me more i take it to the next party it stays in circulation and doesn't use that resources i just. discarded quotes don't usually end up as

a party they end up somewhere like this east west is a large textiles recycling company a neighbor a my heart and 70 tons of clothing arrive here every day. east west tries to sell as much of it as possible especially abroad. used clothing can be shredded and sold to industry as cleaning materials or insulation but the rest is garbage. and that proportion is growing rapidly. just like this once and for too long to leave your we've noticed the tendency over the last 20 years the amount of clothing coming in has continued to grow in the last 6 years it went up by about a 3rd at the same time quality has fallen in a very noticeable way. that means cheaper fabrics more synthetic fibers and even clothing that dilute rather than citing. some garments made entirely out of plastic. the industry is demanding fast and cheap production.

not truly. through someone's probably count kill a tip that it won't be worn for more than a year or 2 anyway the consumer will want. something need by than rhythm so that's probably how they approach making the comments with the. second time and has been around for a long time but in the past you often have to rummage around in stocks of clothing to find something suitable. the only thing starts changing online platforms and specialist 2nd homes tools are on the rise high tech cell beside the mystics all they need to be suitable for every day shopping the alternatives to consumerism need to be easy if i have a days for an interview and i want something different i need to be able to get it without buying something new and i cough and cough. despite not buying new clothes for 10 years. says she never feels like she has to go without. and that's a business update here in d

w for me and the team in the end thanks she. call me. our super hero. my mission is clear to crush to. explore germany. take. everything out there's a lot going on in. germany as to.

w. . what secrets lie behind. discover new adventures in the 360 degree. and explore fascinating world heritage sites. p.w. world heritage 360 get them know. the lineup for the berlin international film festival is finally out we'll see what movies have a shot at this year's top prizes and also on the show. picasso was a revolutionary even when it came to how he views paper an exhibition at london's royal academy takes a fresh look. and the painter frida kahlo features in

a new board game the game tests players knowledge of great women in history. welcome to arts and culture now the red carpet isn't rolled out just yet but the anticipation is growing for the 70th berlin international film festival hundreds of movies from around the world are set to screen at the ballet not the next months but only 18 of them are eligible to win the coveted golden bear award and the festivals new leadership has finally revealed which ones. 70 years of the barely know it's a story with big stars and big films. the story continues with the new festival director duo carlo shot play on artistic director and money at a reason bake executive director in charge of business. a 1st look at the films in competition when there's a strong focus on art and film time drama hidden away is about

a painter. and in siberia director evil for.