from that point to flash from housing boom boom time this is where. the 77 percent. this weekend v.w. . goes global. and many other companies are feeling the impact of the virus. not just in china other contagious diseases affecting business in many other parts of the world. as german chancellor angela merkel visits south africa can german companies drag the country's slowing economy out of the doldrums. electric autonomy how a small village near the german coast goes fully electric makes all the power it

needs in a local wind. this is eat up your business i'm in berlin welcome tesla is the latest from to be hit by the corona virus outbreak the company's vice president lynn said the ongoing health emergency was delaying deliveries in china bringing a sharp end to the rapid rise of the price shares lost more than 17 percent on wednesday because the new factory in shanghai will not be operational again till february tense at the earliest poured cold water on tesla stock market party on monday spiking the share price made the us manufacture a briefing the 2nd most valuable company in the world. and corona virus contagion fears hit india to where the common country's biggest car show so hundreds of no shows from china chinese say their staffs are now being stopped by local indian employees. china is an important player in the exhibition

with companies from the country booking around 20 percent of the space organizers say the absence of a big chinese delegation is a blow week lomotil show attracts hundreds of thousands of visitors and officially opens friday. german sports retailer added us is closing a considerable number of shops in china you to the spread of the coronavirus it's still assessing how big an influence it will have on the business several other global brands have announced the closure of some of their own stores in the country too they include nike ralph lauren and capri which owns clothing brands michael coles experts fear the virus could have a major impact on china's economy with knock on effects for the rest of the global supply chain. let's check in with our financial correspondent chose to delay me in france which as we've heard are companies like he doesn't tesla affected how much

economic damage this virus do or has already done most of these companies aren't yet putting a dollar figure on how it will impact their business that economists have begun to make initial estimates estimates of the damage and it's going to be significant especially in this current quarter a lot of economists are referencing the 2003 stars outbreak as a potential. as a way to sort of gauge this and then it cost the economy about $40000000000.00 but this is going to be much much bigger of an impact mostly because the chinese economy is so much bigger than it was back then now it's about 15 percent of g.d.p. then it was about 3 to 4 percent so it's going to have a much bigger impact on the global economy but most economists at this point are expecting the. virus to to sort of max out and the next couple of weeks and so that. the impact could be moderated from that because let me in frankfurt thank you. china is to have tariffs on the $75000000000.00

worth of u.s. imports phase one of the reasons they signed bilateral trade deal takes shape beijing said the reductions will take effect on feb 14th the same day u.s. tire of cuts cuts come into effect asian markets reacted positively to the news showing gains in japan and china earlier this week china said it will also relax tires on products needed to fight the coronavirus right. germany's chancellor merkel is visiting south africa today with dozens of german industry captains in tow with growth just about flatlining in south africa the economy that could use a jolt of foreign investment germany used to be the country's biggest trading partner $600.00 german companies operate there but today china has overtaken the germans taking advantage of south africa's unique position taxes other markets on the continent. the city of johannesburg has 12000000 residents and it keeps

growing as it attracts ever more people demand for products is growing all over south africa and that's good news for investors like germany's be brown company that makes medical and pharmaceutical products it's been in south africa for nearly 10 years it employs 600 people here and is one of the country's biggest suppliers to dialysis centers. german firms are still the main foreign investors in south africa's manufacturing sector they include big car makers like the w. dime learned b.m.w. as well as mechanical and electrical engineering companies but the corruption and financial mismanagement under former president jacob zuma has dragged on the economy. over the past decade economic growth has been slowing steadily from 3.2 percent in 2011 to just 0.6 percent last year. current

president cyril ramaphosa has vowed to change that his target is to raise growth to 5 percent by 2023 foreign investors who bring jobs as well as money to the country would help that so german companies are welcome here. we're now joined from frankfurt by jeremy gans he's a business consultant for african countries jeremy how do african companies see this german engagement in africa i think they welcome it but what they're looking for really co-investors not sellers they don't want to just be buyers of german products they wish to see german companies come in and partner with them in the key areas of the future of the african continent power generation and mobility and the german government is doing a lot to help at the moment as symbolized by chancellor merkel's visit but german in africa is still very very small compared with other countries and african

companies are looking for germany to up its game in the past we're looking at a relationship between africa and germany the economic recession that the focus was very much on development aid did that actually help the economy. development aid always helps the economy if it strengthens infrastructure strengthens human resources and german development aid is focused on that there's a shift now moving with programs like developed p.p. to encouraging smaller companies to invest in africa and invest in sectors that would traditionally part of development aid be it water treatment be it off grid systems and i think then building on what development aid originally did i think the days of development aid coming to an end and that will focus purely on major infrastructure major health projects education projects whereas the private sector

with government support will be looking to engage in the other sectors of economic development what are the biggest stumbling blocks you are seeing at the moment in trade relations between south africa or even southern africa and germany i mean there's the old contentious is the ease of doing business and of corruption but i think the greatest is shoe at the moment is a lack of knowledge on both sides as to what both sides can offer. i think many african companies don't know their german potential counterparts there's a lot of room for matchmaking and there's a lot of room for upping the cultural understanding jeremy gaines thank you very much for this insight thank you toyota's profits accelerated in the 9 months to december largely on the back of cost cutting measures japanese car michael also upgraded its full year profit forecast turbo charging the stock price

the maker of the best selling camry sedan and prius hybrid said net profit jumped 41 percent to $18000000000.00 u.s. dollars despite the cheerful news analysts watching to see the impact of the new coronavirus in china had to yield to have suspended operations at 12 factories. this small northern german village of stock of the boasts the country's highest density of electric cause is producing most of the energy in a local windfall this sessile electric vehicles out of a cautionary model in the village since a contradict the notion that cost sharing and electoral ability only work in big cities. and ideal equivalent in the far north of germany should pocket bill near the danish border is bucolic but far from a sleepy place when it comes to new mobility concepts. we probably have the highest

density of electric cars of anywhere in germany more than 20 electric cars for $250.00 residents that's quite special on those in fact that's an e-card to people ratio that's $25.00 times higher than in the rest of germany there are 2 reasons for this 1st they don't need much charging infrastructure here no one lives in high rises and people all charge the cars up at their front doors reason number 2 is the nearby citizens owned wind farm for 2 decades this pocket the residents not the utility companies have profited from the wind power generated here in fact there is usually so much wind that the community can't feed all the electricity they produce into the grid so instead they use it to power their cars the wind farm revenues help finance the leasing of the cars to build the cars have gained added acceptance here thanks to car sharing anyone can rent the dumps mobile for 2 years 50 an hour that's helped overcome prejudice against electra mobility was the best get to short

and i was very skeptical i thought it couldn't work but it works very well and people like it i use it pretty often myself looking for a few friends at the scepter i was a bit reluctant to start with because i'm not a fan of electric cars but that's changed now this one can get up to a good pace i didn't get caught speeding. you underestimate how fast it's going. many families have given up their 2nd car and older people take advantage of the system they can call low tar york who administer is it on a voluntary basis if they have trouble booking a car on line karl he should miss and the mayor can't understand why electra mobility doesn't work all over germany the way it does here it's been a moment i have to say that at the moment i'm very disappointed in the government it's far too hesitant to get a lot more needs to be done also in terms of limiting c o 2 emissions as a target this is 2050 so i think it could go a lot faster if they were really dared to tackle the issue. that you're doing your

victory on supporting and daring sometimes pays out in politics mayor nissen has been regularly reelected for the past 25 years. so that's it from the business team him all business of also background of course on our web sites that's t w go call slash business do follow us on facebook twitter and i'll stay tuned for robin merrill he has the latest for those odds called so for you right after all quick update on global markets at this hour thanks for.

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closely explore germany. they died and. everything else there's a lot going on in the. past. w. . o. welcomes arts and culture a new exhibition of legendary photographer peter limburg opens and does a little also coming up. lots of controversy about his latest film. but also lots of nominations for film awards. latest exhibition and zurich highlights the fragility of all planets but there's always hope for the future through. we

begin though with an exhibition and just off of pisa limburg photography which he himself put together just before his death last september. was one of the most influential photographic artists of his generation working almost exclusively in black and white he's perhaps best known for the models like campbell and cindy crawford to supermodel status but as the exhibition shows he was so much more than just a fashion photographer. untold story was planted in. a retrospective of his work he spent 2 years working on the gem in photography his friends and colleagues came to descend on earth to celebrate his.