talk about give you access to all the latest news from around the world as well as push notifications for any breaking news we feel part of the news story and also use the app to send us photos and videos of what's going on. this is a show we get out alphas in some of the next hour we'll have more world news of the top of the hour and of course that's the web sites t w dot com i wanted it. to sift through you don't need to keep a great ability to both go for the over gretchen home the force i'm coming from the whole of the most recently that he came up with the bottom of the ballets at the last dragon this word called the hard truth. we've got on.

have fun in pyongyang. the capital city of north korea is reinventing itself but only a few people can enjoy the benefits of. an insidious reward system coerces people into model t. towards the regime of. those who don't make it into the fun metropolis to live in poverty. in pyongyang starts february 28th on w. a big night for south korea's film industry and a bad night for netflix as paris saw wins for oscars and the film world recognizes the importance of movies made in asia against all expectations remain set as netflix was left disappointed. and as well because i'm trying not to go back to that. sights on monday president engine picture shows 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 app at a time. this is business as a young age when i as an employer will 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 win 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 but 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 $1600000000.00 in $28000.00 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's streaming giant netflix also hopes to grab a couple of oscars but it became a disappointing night for the streaming giant. in an industry worth close to $150000000000.00 annually when one of these can have a dramatic impact on the movies fortunes parapets branding power doesn't always guarantee success this year's 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 irish man directed by martin scorsese failed 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 for wins gives ne on 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 but monday marks the end of self-imposed closures for business

and industry across china cities continued to grapple with a deadly corona virus outbreak beijing has urged some industries like aviation to resume operations get some large employers including ali baba and foxconn will remain closed other companies are asking employees to work from home the death toll from the virus rose to more than 100 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 sense. more than 2000000 chinese tourists visit france every year they're becoming a significant factor for the french economy the 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 at 2 to. 10000 they

your way don't have a job or theory chilmark says that's a big a. risk but they're famous. 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 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 do what it takes leave will have to react will 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 this you know he did in 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 parent 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 coronavirus is aggravating an already bad situation. there's 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 berries he's had market analysts that have monarchs and joins us from london rocco

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 juice and pork prices which are up more than 120 percent year on year and that could be a it be a 6 just specific supply shock that it actually began before coronavirus so at this stage it's very difficult to tell with any certainty if this is chronic 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 fix help out will will 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 the year on year. course this is assuming containment can of course get a lot worse than that if the outbreak continues. if we look at the phase one trade deal that china and the u.s. have signed a lot of that focused around are cultural products. will that be impacted or will china's position in trade be impacted by the koran of the koran others. you know this 2 channels by which really the corona virus outbreak could affect u.s. 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 a dima now plans to cut $15000.00 jobs by means of severance pay and early retirement that would be a step up from its current cost cutting plans according to a newspaper report here in germany some common mistake is to pay will be discontinued comic or aims to lower labor costs by $1400000000.00 euros by the end of 2022 time the c.e.o. or colonials is expected to announce the cuts on tuesday as bringing our financial correspondent ali 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 the 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 to catch up you need lots of cash and the 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. still relatively fresh c.e.o. although colin yes i'm sure is feeling that he has to do something whether it's enough for investors to have to wait for the story to play a further 20 votes in frankfurt thank you. japan is the 2nd biggest producer of plastic waste per capita around the world off the united states the japanese government has promised action including introducing

charges for plastic bags later this year impatient entrepreneurs are coming up with their own ways to tackle the problem. thursday is rarely a problem in tokyo with drinks available on almost every street the problem is pretty much all of them comes 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 the my music up now exists he tells people where they can refill their used plastic ball 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 a plastic free zone. kind of messaging to people is that you can have a fun and very prosperous life if you just shift your basic consumer behavior in

a positive direction one of the businesses signed up is 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 kits plastic have it one bottle at a time. and that's it for me on the business team here in berlin more business news and back proud of course at our website that's the real com slash business and follow us on facebook and twitter now for the w. news that's up next right after this quick update on global markets and for.

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affairs documentary. close up. 60 d w. and on demand. language courses. video and audio. w. me etc. this is state of the news africa coming up in the next 15 minutes say persists in cameroon step up a reign of terror against civilians. caught up with the report of one of them was fucking my back was emaciated when the i 1st incompletely chopped off my leg. what is fueling the violence and bull elections being held in the country make

a difference. and african solutions to africa's problems meet consonance leaders.