their job sites on monday president xi jinping assures them there won't be any mass layoffs in the wake of the corona crisis many companies and factories remain closed . and the japanese entrepreneur shows how to tackle the plastic bottle epidemic one apple as a. business business is a yacht they want to isn't employable business news here on the w m d a how to office south korean movie parasites who made history at the oscars last night by becoming the 1st ever non english language movie to in best picture that was one of 4 awards won by a movie that only cost $11000000.00 to make it has taken in close to $170000000.00 at the box office or that figure is likely to shoot up dramatically on the back of its triumph in los angeles last night south korea has one of the most lucrative movie markets in the world grows box office revenue was one point $6000000000.00 in 2018 the 5th biggest in the world behind the u.s.

china japan and the u.k. and just over half of that revenue comes from domestic korean movies featuring homegrown stars like show young jong pictured here south korea's movie industry itself takes in around $2500000000.00 annually. but last night streaming giants netflix also hopes to grab a couple of also because it became a disappointing night for the streaming giant. in an industry worth close to $150000000000.00 annually when he one of these can have a dramatic impact on the movies fortunes parrotlet spending power doesn't always guarantee success this year is big winner was the low budget south korean film parasite produced by the indie studio neon it had a budget of just over $10000000.00 netflix reportedly spent 10 times that figure on the awards campaign alone its big offering the irishman directed by martin scorsese fails to win any awards and while it did secure the most nominations of any studio

it took home just 2 oscars for best documentary and best supporting actress parasites 4 wins gives neon joint top spot as the most successful studio this year alongside established industry giants disney fox and sony with 3 awards universal also took home more awards the netflix which won the same amount of oscars as warner brothers 4 studios won one award each despite its modest tally of oscar wins netflix has clearly transformed the nature of the movie and television business in recent years although it has debts of more than $10000000000.00 the streaming service has prompted the likes of apple disney a t.n.t. and others to launch similar services of their own according to the motion picture association of america a trade body streaming services now have more subscribers worldwide than those with a cable connection. monday marks the end of self-imposed closures for business and

industry across china cities continued to grapple with the deadly coronavirus outbreak beijing has urged some industries like aviation to resume operations to get some large employers including harley bombards foxconn will remain closed other companies are asking employees to work from home the death toll from the virus was to more than 900 over the weekend. the new coronavirus isn't just hitting the chinese economy tourist hot spots around the world have become reliant on chinese visitors in recent years now european destinations are feeling that 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 generally will be taking around the french city of nice i think it 2 to.

10000 we don't have a job or 2 months that's a big a. risk but there finance. 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 this hotel near the swiss border has been asked to reimburse down payments for chinese tour groups to prevent further spread of the virus is this letter from a chinese tourism association groups won't be coming for now. but there what i take it's 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. in any day accumulating snow 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 or at least . the ongoing strike in france against proposed pension reforms has already hit the tourism industry hard now the coronavirus is aggravating an already bad situation. that has also fresh inflation figures from china out this morning showing the highest rise in consumer prices in more than 80 years that's bringing runkle bearish he's had market analyst joins us from london rock of how much of that could

be down to the coronavirus. well it looks like the increase in inflation was driven by food prices primarily so it looks like you know you could make an argument that food prices are particularly sensitive to supply shocks you know perishable goods that sort of stuff so it is possible they were affected by disruptions in supply coronavirus however looking at the breakdown of the figures you can also see that a large part of the increase was actually jute tupac prices which are up more than 120 percent year on year and that could be a set a specific supply shock that it actually begun before coronavirus so the stage is very difficult to tell with any certainty if this is krone virus or just noise in the data and of course chinese data is very noisy around the lunar new year. about how bad will corona hit the chinese economy we just heard this morning that mongolia is suspending coal explodes for example it's just one of you folks help out will will john to be hit well over the past week we've had the 1st batch of

estimates really from forecasters global banks so and so forth the short answer is that no one knows for sure but if we assume that the outbreak outbreak will be contained at some point by the 2nd quarter and if we look at the impact of the sars outbreak in 2003 we see that chinese growth will slow significantly by about a percentage point or a percentage point to the hof in here on the. course this is assuming containment can of course get a lot worse than that if the outbreak continues but if we look at the phase one trade deal that china and the u.s. have signed a lot of the focus around are cultural products will that be impacted i will china's position in trade be impacted by the koran of the koran other. so you have this 2 channels by which really the corona virus outbreak could have hit us china trade deal firstly chinese commitments to purchasing u.s. goods and secondly of course if the yuan depreciates and the trump administration

decides it doesn't like that again if it's a mild outbreak it's possible that authorities will be managed will be able to manage both of these effects. in london thank you very much. german comic adama now plans to cut $15000.00 jobs by means of severance pay and retirement that would be a step up from its current cost cutting plans according to a newspaper report here in germany some common bills like the estate is to pay will be discontinued comic or aims to know a labor cost by $1400000000.00 euros by the end of 2022 done so your local anya's the specter to announce the cuts on tuesday as bringing our financial correspondent . yet more jobs to go a dime now is that all down to the changeover to electric no i wouldn't say so electric as part of the gloomy picture on

a list i talked to today said the timer is lagging far behind there and that in terms of battery technology which is key to profitability and e-cards diameter is practically nowhere but of course in order to build in order order to catch up you need lots of cash and a problem is the main business the one that's still generating the profit that's conventional driven vehicles and their time has been underperforming for years to yield the profit margin of mercedes much below that of most competitors even below opel and investors very dissatisfied so the c.e.o. is still relatively fresh c.e.o. all of kilian yes i'm sure he's feeling that he has to do something whether it's enough for investors to have to wait for the story to play out further. what about in frankfurt thank you. know japan is the 2nd biggest producer of plastic waste per capita around the world after united states the japanese

government has promised action including introducing charges for plastic bags later this year however impatient entrepreneurs are coming up with their own ways to tackle the problem. first is rarely a problem in tokyo with drinks available on almost every street the problem is pretty much all of them come served in plastic. bottles make up a big chunk of the 30 kilos of plastic waste produced by the average person here each year. that's why they're my muse you now exists he tells people where they can refill their used plastic all reusable bottle with water for free you can just search the map for the nearest water fountain or business that's agreed to let you fill up. unsurprisingly the offices of the company behind it are plastic free zone . kind of messaging to people is that you can have a fun and very you know prosperous life if you just shift your basic consumer

behavior in a positive direction one of the businesses signed up his stock home roast in central tokyo the baristas here will refill your water bottle for free whether you're buying a coffee or not the cafe is hoping to contribute to a change in japanese drinking habits. through the cooperation of cafes and restaurants and wider water fountain use japan could begin to kick kids plastic habit one bottle at a time. and that's it for me on the business team here in berlin more business of course on our website that's to slash business and facebook and twitter now for. up next right after this quick update on global markets.

we're all set. to go beyond the obvious. that we're on live. as we take on the world. we're all about the stories that matter to you country. what ever it takes running now to get. made for mines every journey begins with the 1st step and every language with the 1st word published in the book. rico is in germany to learn german why not with him it's simple online on your mobile and free to set the w.c. learning course nikos fake german made easy.

they were forced into a nameless mass of. their bodies near tools. the history of the slave trade is of africa's history book describes how the greed for power and profit plummeted and entire continent into chaos and violence the slave system created the greatest planned accumulation of wealth the world had ever seen up to that moment and. from its very beginnings until this very day human trafficking has shaped the book. this is the journey back into the history of slavery. i think will truly be making progress when we all accept the history of slavery as all of our history.

our documentary series slavery routs starts march 9th on t w. this is the news live from the german public shaken by. the woman tipped to take from china. is to stand on the. insists the decision to affect the stability of the country. also on the program the death toll in china's corona virus outbreak approaches a 1000 with more than 40000 cases reported across the country we hear from

a couple quarantine the board of cruise ship in japan. parasite.