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really happening great britain is leaving the european union after 3 years of tough negotiations a deeply divided country needs much more for future generations from a. time to say good bye our great state special edition. here on details. it's official the coronavirus is now a global emergency well health organization officials made the declaration after meeting in switzerland we'll look at the market reaction. 5 annual losses in a row which a bank is suffering but the force remains optimistic we have an exclusive interview with. saying. i'm fashion is

a colorful business bert's with an accounting for by percent of global greenhouse gas emissions could it do with a hint more green. this is either we have business on robots and berlin welcome along the world health organization has declared the corona virus outbreak a global emergency w.h.o. officials made the announcement after hours of discussions in geneva they however trace china's handling of the outbreak and said they oppose any restrictions on trade and movement to the country many international companies have already closed off as an outlet to china under strict business trips that. let's see how markets have been reacting to that we are a show announcement our financial correspondent in new york is yen's quarter yes how has that declaration by the world health organization gone down. well maybe not as you would expect

a glance of the old did to clear a global urgency but on the others. the world health organization does not see any reason at least for now to really call for global restrictions on trade and travel and i guess that was the main reason why we saw a clear turnaround here on wall street to blue chips traded lower at some point by more than 200 points by the the end of the search and the market actually gained a good 120 points or roughly a half a percent look the way a show is basically telling company whoa whoa whoa don't be too drastic but a lot of american firms have already taken some drastic action haven't they. yes certainly and about a 3rd of the u.s. corporations report earnings in those days mention the coronavirus one way or the other. for example the manufacturer on thursday was

saying that the koran of either is doesn't pick the business that at least temporarily they had to have to shut down to affect the reason china but the stock overall actually gained during the week we heard from starbucks for example that they're shutting down temporarily more than half of their stores in china we're talking about more than. 2000 facilities so there's clearly is an impact by the way also on oil prices that traded lower again here on thursday was china being the biggest consumer of oil on the planet so there clearly is an impact but so far most corporations are still saying things will be ok if the coronavirus does not really escalate much more in the next couple of days and weeks thanks for your updates yens that's our financial correspondent in new york he ends quarter

now the drug maker rush is struggling to deliver diagnostic tests for the coronavirus to big chinese cities after the ruling communist party stopped allowing people to enter and leave this company was involved in identifying the saas virus which also originated china 2 decades ago russia says it doesn't anticipate rising business from its coronavirus tests as they have to be delivered quickly making any negotiations a price impossible. now dr banks c.e.o. chris jones saving found himself announcing yet another annual loss on thursday 5300000000 euros for 2019 it's the bank's 5th year last in a row its 2nd worst result ever. says its results were dragged down by restructuring costs including severance pay for the 1st of $18000.00 jobs being cut most of them are in the company's investment banking arm which has cost the company heavily since the financial crisis in future germany's biggest lender wants its

says it wants to focus on its core business with corporate clients and focuses activities on europe. while in an exclusive interview our frank for correspondent chelsea delaney asked. if he's happy with the way things are going. well in in the core businesses and these are those businesses where we are not only irrelevant but leading and which are the future cornerstones of torture bank we have done good progress and in all business divisions of course we are suffering from the low interest rate environment in particular in europe but therefore we have grown parts whether it's on the loan side whether it's in the investment funds whether it's in the debt capital markets we were very successful and hence i would say from an operational point of view from an operating performance point of view we see the growth we have seen the momentum in particular after we announce the restructuring and hence we are satisfied with the development. some people have

said this restructuring is sort of a trench man and banks global ambitions do you see it as that no i don't i think this restructuring wars to focus on that what we can do best and where we are leading and you have seen that with the restructuring we haven't closed down one international country we are a global bank we are relevant and we are active in more than 60 countries directly we stated that we are committed to that and our clients want a global bank out of germany can join and support them and hence it is not at all a retrenchment if you see the revenues coming from international versus germany there is no deterioration or decline so we remain committed to the world. you mentioned several times today growth in asia do you see any impact from the spreading coronavirus in a potential slowdown in the asian economy i think it's too early to judge of course

we are monitoring that closely we in particular also one of 2 of the situation for our employees in that region but i would also warn to be no kind of too pessimistic what can happen with the economy i think the chinese economy is a very strong one yes we are monitoring for the time being we have no impact but rest assured that we stay close to that. savings speaking to chelsea delaney that amazon has rejoined the so-called trillion dollar club after posting better than expected quarterly results shares in the online retailer soared 13 percent in after hours trading in the us following the announcement of q 4 profits of $3300000000.00 that sent thompson's market capitalization capitalization back through the trillion dollars not the company put its performance down to its one day shipping program coming in under budget 50 percent boost in amazon prime membership every 2 years.

now for a quick look at some of the other business stories making news wouldn't shell has posted its lowest quarterly profits for more than 3 years they'll companies' earnings haulage from the previous quarter to 2 point 9000000000 dollars shell blames a weak oil and gas market. the swedish fashion retailer h. and m. says its full year sales are up 11 percent to over $23000000000.00 euros growth was driven by strong store and online sales in developing markets like india russia and mexico. those soaring sales figures fit in well with our next story did you know that the clothing industry produces more emissions than air travel and shipping combined in fact more than 5 percent of global emissions come from clothing alone and it's rising with sections of the fashion industry churning out new lines on an almost daily basis clothes makers face a big challenge in becoming more sustainable. beautiful to move knows the ugly side

of fast fashion all too well and doesn't want to be a part of a tell me more she's a textiles expert at environmental organization greenpeace and how simple see new item of clothing for 10 years. she buy 2nd hand or exchanges close with others a clothing swap parties everyone brings a few garments and takes a few home for themselves. 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 resource as. discarded don't usually end up as a party they end up somewhere like this east west is a large textiles recycling company in a brain mahal than 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 have 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's glued rather than citing. some garments made entirely out of plastic. the industry is demanding fast and cheap production. not through. someone's probably count kill a tip that it won't be worn for more than a year or 2 anyway the consumable one. something new by then. so that was probably how they approach making the comments with the stroke the 2nd time and has been

around for a long time but in the past he often had to rummage around in stocks of clothing to find something suitable. the owner thinks that's changing online platforms and specialist 2nd home stores are on the rise of the textile beside the muslims it's 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 i call because. despite not buying new clothes for 10 years the owner of all says she never feels like she has to go without. past 6 for me on the business team here in berlin you can find more from our website com slash business we're also on facebook and twitter of course.

markers. of the morning world. business

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