welcome to the euro max you tube channel. to my notes tonight. with the exclusive. the must see concerning part time culture change or a. place to be curious minds. do it yourself networkers. so subscribing don't miss out. is china getting back to business workers trickle back to their job sites on monday but many companies and factories remain closed as the coronavirus continues to sweep through the country. also on the show dime will cut even more jobs than expected it's trying to leave a diesel emissions scandal behind it and reassure investors. and getting out may

have been the easy part trade negotiations are now beginning between the u.k. and e.u. and it looks to be a fight. this is your business report i'm stephen beardsley in berlin good having you with us a monday marks the end of self-imposed closures for business and industry across china as cities there grapple with a deadly corona virus outbreak beijing has urged important industries like aviation to resume operations yet some large employers including alibaba and foxconn will remain closed other companies in cities like beijing and shanghai are asking employees to work from home. now the death toll from the virus rose to more than 900 over the weekend. and the new coronavirus isn't just hitting the chinese economy tourist destination destinations around the world have become reliant on chinese visitors in recent years and now with more of those terrorist forces stay home europeans us nations are feeling their absence. more than 2000000 chinese

tourists visit france every year they're becoming a significant factor for the french economy but chinese group tours and travel packages have now been suspended following the coronavirus outbreak for the time being this is the last group the tour guide will be taking around the french city of nice. i think 2 to. $10000.00 a. job or 2 months be. these same hours. the hotel industry is also feeling the pinch as chinese groups cancel like in this hotel in the old town we just have a cancellation for a group that reserved for carnival they'd booked 10 rooms for 4 nights that means a loss of about 5000 euros for us so you know. this hotel near the swiss

border has been asked to reimburse down payments for chinese tour groups to prevent further spread of the virus says this letter from a chinese tourism association groups won't be coming for now. but they want to take its leave we'll have to react we'll put the reserved rooms back on the market and we'll get in touch with groups of other nationalities that we've turned down. any day here on the ins norm in paris signs targeting chinese tourists offer tax free shopping chinese visitors to the french capital spend more than a 1000 euros each on average more than most tourists from other countries. that's probably why shares in luxury brands have declined sharply on the paris stock exchange. but. the worst case would be what we experience with sars in 20033 or 4 months without any tourists that would be the worst.

the ongoing strike in france against proposed pension reforms has already hit the tourism industry hard now the corona virus is aggravating an already bad situation . and let's stay in europe where winter storm chiara has been lashing the continent with heavy winds and plenty of rain drenching ireland england and france a several people have been injured the cure also brought. large parts of germany to a standstill ferry service between the country's mainland and north sea islands was cancelled due to the dangerous conditions rail service provider deutsche upon meanwhile had to halt long distance train service in many parts of the country. a german carmaker dime learned now says it plans to cut $15000.00 positions by means of severance pay and early retirement that would be a step up from its current cost cutting plans and all of this according to german business daily hundreds blot some car models like the mercedes as who will be discontinued the car maker said in november it would cut $10000.00 jobs and lower

labor costs by $1400000000.00 euros by the end of $2022.00 c.e.o. calatinus is expected to announce the cuts at its annual news conference this tuesday. and for more on this i'm joined by our financial correspondent in frankfurt only bards. really good to see you so some dramatic plans perhaps coming from di miller how are investors likely to look at this plan. i think they're likely to look at it completely differently than the staff or the staff it means more are jerks and in the long sturm also 1st i've got in all the other locations where the factories are less job opportunities well paying jobs but investors i think will welcome what they're hearing and i think they'll even say that's too little and perhaps that's too little too late investors are very worried about the course that di miller has been driving at last year's

a chronic underperformer i hear from people in the financial industry you observed the company in the share having a yield mercedes for example of about 4 percent of profit margin and even less than opal is doing at the moment it's affecting the share and news coming from down there has been the point disappointing for a long time now and so there is time it's time to change the direction and move the company really forward is that many investors will say you know. is there one overwhelming factor that's behind this decision to cut more jobs would it be the diesel scandal or would it be investment for the future. i think that's all goes into the mix the diesel scandal if you will is a negative icing 100 cake coming on top of all the other problems that i'm learning listening to experts who deal with a company i think the main problem and its besetting the company still is. losing of there's no sense of awareness of the seriousness of the problem where they are

where they need to get where the others already are where they have to get to. or rightly bards in frankfurt will come back to him in just a moment and 1st we're going to go to the u.k. now getting to bragg's it was hard getting to a trade deal could be even harder london in brussels are set to begin negotiations this week as britain seeks access to the e.u.'s coveted single market now many in the e.u. are urging a hard line the european parliament for example wants london to agree to more environmental and labor regulations then called for by the european commission members of parliament saying that it's necessary to prevent wage dumping subsidies and unfair competition but british prime minister boris johnson says he will not accept you standards johnson meanwhile says he wants full control of u.k. fishing waters and that's a 200 mile radius zone around great britain but there are currently 5 times more fishing boats than british ones in those waters and that's something brussels would

like to keep going through a long term deal london however wants an annual deal which it could renew as it wishes so the e.u. and the u.k. are girding for a fight not the best sign for a quick resolution between the 2 sides. and let's go back now to our financial correspondent in frankfurt bard's early bars some difficult negotiation positions here between these 2 sides and yet the u.k. wants a resolution by the end of the year is that feasible. and no i don't know anybody who thinks that is i mean you just described the difficulty of the fish in question it's a politically charged one it's not an economically charged one especially because fishing makes up only a fraction of the kind of business that both the e.u. and great britain do but it's emotionally and politically charged there are some companies some countries in the e.u. for which it's very important and there's so many other issues the financial

industry competition laws standards all sorts of things where one or the other side can throw us both something into the spoke of bicycle and i think unless boris johnson concedes and at some point makes in a round turn this year to prolong the negotiations we're going to be looking at a no deal that at the end of the year leaves it fair to say that the u.k. has the most to lose here. it is i mean the e.u. is its largest trading partner but the e.u. various countries and various industries also have a lot to lose the business of the e.u. with with britain it's about the business of with china and with the united states the car industry isn't especially invested in the and great britain so it's a lose situation for both sides all right bars their force in frankfurt thank you very much. now alongside those negotiations the u.k.

is also working on customs issues london saying it will create up to 10 free ports to stimulate the economy after its exit from the european union scheduled to begin operating next year and free ports are areas where imported goods can be held or processed free of customs duties before being exported again consultancy firm mace said that those free ports could create more than 150000 jobs. onto a very different topic a single disposable nappy is set to take 500 years to decompose that's one reason why growing numbers of parents are turning to the reusable zz but despite the benefits not everyone is a fan. from unicorn prints to charlie and the chocolate factory this is the future of b.b. not peace least that's what wendy richards thinks of her online reusable napi shop the napi lady is booming turnover 10 times what it was

a decade ago few by environmental concerns unfashionable. and we call parents sitting out there waiting for me to launch them they know what day we're going to call the delivery and what time we're going to launch and this thing on the website 4 in the morning just waiting for them to go to life kind of that they're hard to get hold of and the 3 think. they're not being needy takes her work home with her hosting crash courses in her living room for curious moms and little ones. you'll find but it really slows it really throws it baby you still got the color chart you've got this . the hardest thing. teaching the husband how to wash them correctly he means row. at the napi library the trying to challenge the skepticism towards

where usable. the idea is that parents can try before they buy. over the long term reuse it will not be as are cheaper than disposables but the initial outlay can be expensive for many here the main appeal is sustainability. and we spend all our time recycling everything else reusing with everything else from the high so that things so kind of have to be throwing out so many not things you know it's a death thing not highly dazing this whole the reusable not far from mainstream but fun at least these babies are protecting the environment whenever a picture calls. all right and that's it from me and the business team here in berlin i'm stephen beardsley as always thanks for watching.

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