collectors' cotton and announced zome on her 3rd reich didn't steal all the smart words just to get more money it was to eliminate everything connected to church culture today researchers are searching for the missing works of art. it's challenging for the experts. and painful for the descendants. of the selma. to dart and the 3rd reich starts feb 10th on d w. such. 15 percent down and no end in sight oil prices are at record lows as traders fear an infectious disease the outbreak of the corona virus affecting the price of oil and also hit sectors from transport to. iraq the staggering 20 percent off some good news from the world's now 2nd most valuable

comic a. headwind for renewables how germany's wind industry has turned from a poster boy of energy production into a problem. this is your business update on how the alphas in berlin welcome china's sneezes and the whole world 'd catches a cold that's one of the phrases used to describe the company's huge influence on the global economy and the coronavirus presents a pretty good case study of that phenomenon in the past days stocks around the world have plunged on fears that the disease could have a major impact on company's bottom lines and the oil industry hasn't escaped that contagion effect demand in china has dropped by about $3000000.00 barrels per day as airports are closed and canceling hundreds of flights as a result of the outbreak and this is led to a major drop in oil prices in the past months of price of brant crude has fallen

about 15 percent prompting members of the world's largest oil cartel opec to consider further production cuts now let's bring in the several videos horse and he's an oil market analyst and global head of strategy and risk of very cannot commodities in singapore he joins us from eindhoven in holland 0 explain to us the connection between the oil price and the recent corona virus outbreak. the main issue is that. show. is a major oil. oct of. 0. point 8000000 rattles date. mainly from opec. so it doesn't issue in china it will have. a fact on

oil. the main issue. hasn't. is that really still do not know if. china is a dollar we cause of the us all if that is. correct that china that he was planning to have huge amounts of. right now he's on hold due to. all of that if if right now he says it's like oh so out of this he really battles that. it was ok to screw half by. us we could maybe she'd at 1.5

of those he is good that they are now. putting. if 90. now so that. the yeah lucky maybe a. factor will be born. to interrupt i think they're running out of time for this service often or market analyst from barry commodities found in singapore thank you very much the world's biggest gambling hop macau will close its casinos for 2 weeks because of the coronavirus as well but house chief executive saying announced their suspension after visitor numbers plunged nearly 80 percent in recent days like how is the only place in china that allows gambling and the lunar new year is normally

a boom period the virus has seen billions of dollars wide off the market value from a call for a sense of less vegas giants including when m.g.m. and sounds. and speaking of the fallout from the coronavirus germany's flag carrier love tons says it is suspending all flights to and from mainland china for longer than initially announced of times our group which includes subsidiaries swiss and all straight out lines will not fly to beijing and shanghai until february 29 other chinese destinations including nanjing cheney on and king doll in eastern china will not be served at least until the end of march europe's largest airline group said it made the decision because it wants to keep its passengers and staff say. tesla shares were up 20 percent at the beginning of the week if the company's biggest gain in 7 years comes after the electric car maker announces its 2nd quarterly profit in a row analysts view the result as

a milestone for the company as it seeks to compete with the stablished industry heavyweights like general motors the company is currently worth over $130000000000.00 of numbering the competition tesla shares also benefited from successful battery joint ventures with panasonic. now let's bring in our financial correspondent charles it's lenny and frank. that massive jump is that sustainable and does that really reflect the value of the company. well tesla's always spent an extremely divisive stock there and has a lot of doubters and has a lot of bulls. a lot of a lot of investors a lot of analysts do believe that this is a shift for tesla they have finally started to really need their their production goals they are ramping up production in china they're building a factory here and germany and they're really positioned at sort of the forefront

of the electric vehicle movement so there is a there is reason to be optimistic that that tesla is really going to benefit in the next coming the next few years from that shift and the auto industry but this is a very dramatic increase over the past few weeks the stock is up 150 percent since the start of the year and it remains highly shorted so there there are a lot of people betting against. and i think that there is a lot of a lot of hope and a lot of optimism sort of baked into this price right now. coming to all the big stories the coronavirus all its effects. is causing floods lots to china how. long. it's going to have very hard times as one of. in terms of european airlines it's that really big and it's one of the most exposed to the asian market and to china in particular they run about $54.00 flights to

mainland china every week and they also get about 7 percent of their capacity from china so this sort of spending flights for really over a month is going to hit their financial results i think they also at this point we don't really know how long the outbreak is going to last so they're currently suspending flights through february but that could of course go on longer if the outbreak continues so it's a dilemma in frankfurt thank you. swarms of locusts are threatening more countries in eastern africa the united nations' food and agriculture organization warns people's livelihoods are at risk it's the worst invasion in 70 years. the desert locusts have devastated tens of thousands of acres of farmland destroying crops and the organization says drought has already affected millions of people across the region

kenya ethiopia and somalia are worst hit officials say spraying insecticides is the only solution that works but that's impossible in conflict ridden somalia south sudan and uganda also at risk swarms have also been cited in eritrea yemen and all moms feel germany is facing odd nuclear energy hoping to replace it with wind and solar in the long run but now it's facing a major setback after a generous government support is waning and expansion plans come back legal complaints by angry residents as well as the approval times of brought the sector to a near standstill it's a huge crisis for the german wind industry 2 large wind turbine makers have already folded. there are still some big construction sites for wind parks left in germany like here in mclean book for palm on. 16 windmills are being constructed in spite of the heavy fog i think. it all depends on the wind and weather like today at 1st

you couldn't see anything so we couldn't work at lunch time the wind starts picking up if we have bad luck we only get 2 sections up and then we'll have to stop. the workers here of learning to deal with the fog on the site it's the political climate that's giving them problems the german government is causing everyone to worry berlin has put a damper on the sector protests and legal battles have delayed construction licenses there are hardly any contracts in sight. but energy producers like nordics in rostock are set up to serve domestic customers. our generators are of course relatively heavy these components that we deliver way many tons so we want to produce them close to where they'll be standing that's the way it is the delivery chain leads to where the markets are and unfortunately those

markets aren't in germany anymore all the other markets are doing relatively well but the german market is at an absolute low point. the moment. absolutely on the. other when technology suppliers like send me on hand to declare insolvency the german wind energy association says politics are threatening a growth market. that's and this is the washington of the art of german engineering is anchored here we are world market leaders but we're in the process of eliminating this opportunity at home the german market is losing its relevance there's no reason to try and be active here or to employ workers at the levels that are needed instead i go to markets where i can sell my goods. which man upsets. that's exactly what energy company nordics did. the company has just one large contract in turkey. we suffered for years in germany

at one point we realized we had to start exploring new territory the losses at home could be regained in other markets on and america doesn't often come in german projects such as this wind farm in northern germany are rare for nordics these days 97 percent of their orders come from all around europe scandinavia and america but also new markets like india. and that's it for me on the business team here in berlin more business news i'm back of course on our web site that's w dot com slash business follow us on facebook and twitter as last day with arts and culture is up next right after a quick update on global law. where

i come from we have to fight for a free press and was born and raised in a military dictatorship with just one to the shadow and if you are his favorites for an official information as a journey i have worked on the streets of many. can't trust and their problems are always the same 14 source inequality

a lack of the freedom of the press. go up should the gun afford to stay silent when it comes to the fans of the human scene the microphones who can decide to put their trust in us. is jenny paris weren't. alone and welcomed the by photos were a triumph for the british film 1917 a look up the highlights in just a minute also coming up. the greats renaissance innovator a young fan in the biggest exhibition of his works ever assembled. and it's

been called dystopian soul but the music of american band algiers can't really be pigeonholed they've released a brand new album. the bafta took place in london on sunday nights they are the british oscars really and very much a precursor for the academy awards which are coming up next week there has been criticism of the lack of diversity in the bafta nominations this year and this was addressed by a number of the stars who are either got or presented prizes and as i said a very british film school the major awards. say mendez world war one film 1917 was the big winner at the bafta that's it won 7 prizes in total including best film best british film this director and best cinematography. thank you bafta for giving us

a really wonderful night thank you very very much and fine.