more than $10000.00 jobs are on the chopping block it's germany's premier automaker falling behind in an industry on the pressure. this is business asia your updates on asian and global business affairs on the w.r. as welcome to the corona virus outbreak in china has rattled the global economy disrupting virtually every major industry the 1st sector to reel from the outbreak was the travel industry the world's biggest gambling has also shut down many airlines have scaled back services shipping companies are canceling calls to chinese ports entire supply chains automotive tronic industrial are starting to creak. shut down operations in south korea due to a lack of parts from china apple warned that it production numbers could drop by 10 percent on those supply issues companies like starbucks have closed thousands of their stores across china so what could be the overall impact the global economy

grew by 2.4 percent last year and for this year the world bank estimates growth of 2.5 percent however many economists are warning that a further spread of the coronavirus could lead to a contraction of the global economy and possibly even a recession and the effects can be felt very clearly across the region the airshow in singapore for example is asia's biggest event of its kind last edition 2 years ago attracted more than $1000.00 companies but this year's event has begun against a backdrop of the core of a result break several companies have pulled out altogether and there are why the concerns about how the virus could impact the sector as a whole. flying in the face of adversity these chinese fighter jets did make it to the singapore air show this week plenty more didn't. the biennial aerospace event opened on choosing but the deadly coronavirus outbreak has seriously clipped its wings singapore is

a long way from china but it has reported 45 cases so far. as a result over 70 exhibitors including major players such as military aircraft maker lockheed martin and the canadian plan maker bombardier have skipped the event at least 10 chinese companies are also not here due to a travel ban on those coming from the country imposed by singapore. well i notice that there are difficult boots which betray him this morning i think some people didn't turn up and this day they seem to have reduced presence. but this is still a major industry event boeing and airbus are in attendance among 930 exhibiting companies what is one of the biggest global shows of its kind organizers have imposed strict medical checks and handshaking is being strongly discouraged not that much of that was expected here anyway with few anticipating any major deals to be announced while the outbreak has hampered this event those attending are hoping

that the longer term impacts on the aviation and aerospace sectors will be kept to a minimum both with chinese g.d.p. for 2020 expected to lose at least one percent on the back of the outbreak that looks like an increasingly for lauren prospect. and meanwhile china is bolstering its economy from the core of our it's also the central government has already freed up tens of billions worth of dollars of government's stimulus cities like shanghai cutting low rates and increasing lending businesses have already started snapping up that cheap credit suggesting the need remains significant. cities virtually deserted shops closed transport links at a minimum customers nowhere to be seen. with economic activity at a standstill in many parts of china hundreds of businesses are now seeking billions in loans to keep them afloat. banking sources in beijing have told reuters that

around $300.00 chinese companies have sought loans worth more than $8000000000.00 u.s. dollars to try and soften the impact of the crisis that comes at a time when the chinese economy is already going through a difficult period of transition the government has already pumped more than $200000000000.00 u.s. dollars into the country's financial system to avoid volatility the president paying has made little comment since the outbreak began but he visited hospitals this week and talked up the government response very. let's fight this defense war this war against the epidemic with full confidence let's fight this people's war we must build up our confidence we will eventually win. fighting talk but a report published on choose day by a senior member of the chinese government think tank says the outbreak could take at least one percentage point off china's entire g.d.p. for 2020 more bad news for the chinese economy which will inevitably impact the

wider global economy. now to some of the other global business stories making headlines today the u.k. says it wants closer trade ties with the asean countries now that it's left the european union britain's foreign secretary has been visiting malaysia as part of a tour of southeast asia the u.k. is on a charm offensive as it seeks new deals to replace trade with its. energy related c o 2 emissions across the globe last year despite expectations of another rise according to the international energy agency more a nubile energy and the switch from coal to natural gas that less emissions from developed countries slowing economic growth in emerging markets also played a part. di miller's profits have fallen by nearly 2 thirds last year that's the devastating admission german comicon c.e.o. or colonias as to what had to make tuesday morning these are good prices strums

trade war and the move towards electric have hit the bottom line hard the hardest hit will be a say it is mother's company's employees around the globe mr killen is wants to get rid of at least $7000.00 workers media reports up 215000 jobs maybe caught. dima boss all or colonias attempted to downplay the disappointing figures with comforting phrases like investments in new technologies and special expenses profits in $29000.00 was 64 percent lower than the previous year at 2700000000 euros the result a much worse than expected if you not feelin i gave the city presently on the financial results that we're presenting for 2019 are not those that we want to see in the future. again it's not enough to call them it's not fair to this good in proud company. name and i don't accept it and we're making new plans for the future

of us of europe for harm for that so called but it won't be easy for the ailing car company time as electro offensive is splattering due to a lack of high quality batteries and customers hesitating to buy and the diesel gate scandal is also partially sublime for the lackluster showing. time to spend lots of time and money on the next class pickups but production had to be cancelled due to low sales numbers. the situation is hitting dimas employees hardest jim and business daily hundreds of reports that dinah plans to cut $15000.00 jobs well white. go to our financial correspondent leigh bonds in frankfurt only profits that i'm not down for the 2nd year in a row how did shareholders digest all these figures in the news to digest and you know surprise surprise initially they seem quite enthusiastic perhaps the light

at the end of the tunnel after the situation being as bad as this was but then it cooled off relatively quickly and the share drop you know shareholders noticing for example was promising higher profits for this year than last year not high profits but higher profits and 2019 and at the same time that yes you expect sales to drop back slightly for most of the vehicle lineup and that dividend cut dividend cut from 3 year olds $25.00 per share to just $0.90 per share not good news for the investors. colonias has inherited a lot of the problems from his predecessor and what needs to happen now. i think. in reference to the predecessor he needs to clear the area so far. who.

who provided the background for this result here he left with great numbers but now all the cleanness is cleaning up and that's he's still in line to take over the chair of the supervisory board and 2021 after a so-called cooling off period i don't think all the colonias can really sweep up with a clean hand freely liberally as he would like to and as as is needed according to analysts i talked to with dieter zetsche still in line to be his superior boss once again in a little time he won't risk that and it needs to be very clear and such will be i would finally. leave boston fine for thank you very much. we stand the cost sector india has the capacity to be $1.00 of the world's biggest comma gets but it's got a long way to go of $1000.00 indians only 30 on a car in the rest of the world that number is $155.00 at the auto expo 2020 india's

biggest car show the industry hopes to turbo charge the business of the key to that is price. how that go down with the mass market in india here hopes it will be music to the ears and auto expo 2020 india's biggest car show. the south korean s.u.v.s are popular with the smaller lease which can spend the money on status symbols. the vast majority of indians buy cars the cost less than $10000.00 euros and even that can be a bit too much sometimes last year the sale of new cars collapsed by turchin percent. but the indian market really wants a rituals and these were available at the show even electric rituals gernot ing new on the indian market these days. india is very much that everybody that been evolving on that bought that next 5 years i would project something like 3530 percent of the entire. population of boy electric. so we rickshaws lead the charge

for electro mobility in india until now only one percent of all cars are electric but at this auto show there's hardly a single standard that some form of electric mobility in the headlights the indian government has signaled that it will offer buyers of electric cars premiums of up to 2000 euro's that could give the indian car market the necessary boost to help it out of the trough. and that's it for me and the business team here in berlin more business news of backgrounds you can find on our web site that's w dot com slash business also make sure you follow us on facebook and twitter for we go here's a quick update on global markets after this stuff thanks very much for watching.

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can cause. nervous to himself. the i'm going. to. mourn the loss of the games i'm going to hell for. him in my book you should enjoy this book killer victory against dog. because. it's. hijacking the news. where i go wrong. the news is being hijacked journalism itself has become a script is reality show it's not just good versus evil us versus them and morning. in countries like russia china turkey people are told is that something

and if you're a journalist there and you try to get beyond that you are facing scare tactics intimidation and i wonder is that where we're headed as well. my responsibility as a journalist is to give me no longer smoke and mirrors it's not just about being clear and balanced or being neutral it's about being truthful to. chinese point golf and i work you know. it's all happening to children. normally news from africa the moral story link to exceptionally stories and discussions continue and will come to see their views after getting programming from for an example from the news of the zito i would say deputed smash africa join us on facebook g.w. . cut.

cut cut. cut. this is the w.'s live from above and civilians in parts of cameroon face up holding violence this young woman was beaten and mutilated by separatists we have an exclusive report on what's fueling such attacks on the prospects of ending the bloodshed following last weekend's elections also on the program as the death toll and it from the corona corona virus outbreak tops the 1000 the world health organization warns it closes a funny grave global threat. a germany deals with the fallout of the decision by chance of a.