argy exhibition is cancelled his concerns over the coronavirus for the mobile world congress to keep its doors closed this year. place is business as are your updates on today's asian and global business stories and gather office work on january and february are usually the top of the tourist season in thailand with beaches and major tourist attractions packed with visitors especially from china out of almost 40000000 arrivals last year a quarter were chinese this year many places are quite empty after china suspended tours abroad in response to the corona virus outbreak. the routine is comforting to prattle to much i every morning at 8 he prepares his boat for the day the vessel can carry up to 12 passengers and terry them from the holiday center of pathak to the island of kona are pretty times 5 boats but for the last few weeks most of them have been going nowhere. we've barely had any customers since the

chinese have not been allowed to travel out of the country local people don't go off to the island very often most foreigners are gone we boat operators don't know if we will survive. not so long ago each of his boats made the trip at least 2 times a day thanks largely to chinese tourists many of the groups booked in advance to but now getting every single customer is a struggle profit says sales have dropped by 70 percent in the last 3 weeks. before the outbreak of the coronavirus nearly one in every 3 visitors to thailand came from china so they were a key market today tiny tourist or 30 say only about $3000.00 chinese are arriving per day the average used to be 30000 other players in the tourism sector are also feeling the pressure. we have really big effective

not only for the chinese it's our thought the feeling of the traveler about them but in the in the more troubling also effective for the thai travel around the world now if we have a big effective for the last couple or week we have to drop about failing to at it but then drop of. many of the lounges on the beaches of petaca are empty that may be good news for tourists from europe or india but it's a disaster for retailers and restaurant owners. not long ago up to 300 people used to come here every day to eat now there are maybe only 20 i said some of my staff home because there isn't enough work for them but i can't just fire them some of them have been with me for 30 years the situation is really serious. meanwhile pretty much china has been waiting for hours for customers on the pier but to no avail he's now hoping for help from the government which last

week announced some tax relief for the tourism sector if the situation doesn't improve and the chinese stay away for the long term profit and his business may soon be shipwrecked. reported a loss of almost one and a half 1000000000 euros for last year that's due to a massive fire in the european aerospace company had to pay to settle a longstanding corruption investigation on the upside our revenues did increase but challenges remain for the company and its ongoing rivalry with boeing annual press conferences announcing the financial results of major corporations are not always the most exciting affairs amid the self-congratulation and the flurry of figures it's easy to miss the big news but at the airbus annual gathering on thursday there was a gaping 3600000000 euro hole that was pretty much unmissable. small which final agreement with the french you can u.s. authorities resolving investigations into others we have agreed to pay and then

thousands of 3600000000 euros press interest in costs this is the price to pay to turn the page on those best practices and move forward president airbus had to pay the fine to settle a long standing investigation into accusations that between 20042016 the company used intermediaries to bribe public officials in numerous countries for contracts on top of that the company has incurred extra costs of 1200000000 on its troubled a 400 m. military transport programme. it certainly isn't all bad news there both his underlying profitability is strong with an increase of almost 7000000000 in revenues and a rise in commercial plane deliveries last year the ongoing difficulties of major rival boeing house helps the european giant continue to book major deals in january boeing sold no commercial planes well airboats sold 274 however airbus has been hit

by production delays and added to the damage done by the fines it says it will take a more cautious approach to production and deliveries in 2020. well let's check in with our financial correspondent chelsea delaney in frankfurt chelsea about how the markets take these figures today from out of us it's been a pretty lukewarm reaction on the on the positive side higher revenue the profit when you exclude that charge for the for the bribery settlement which investors knew was coming so that wasn't a surprise but their results were pretty much across the board better than what wall street had been expecting but i think this really underscores that while there there has been so much attention on the problems that boeing is having airbus is also having a lot of challenges itself they continue to have big production delays they're struggling with. german sanctions on saudi arabian exports that's hurting their

military says and they're also struggling with the slowdown and widebody aircraft so this is all contributing to this. outlook for delivery that you mentioned you mentioned the troubles at boeing that. shouldn't have. enough been able to profit more from the trouble that boeing. they have to some extent airbus overtook boeing it's now the largest plane maker in the world and given the sort of how the airline industry works people book plane orders years in advance and they also at airbus are continuing to really struggle with production so they have a backlog log of almost 7500 planes right now they're running 6 months behind on mean competitor to the 737 back to the a 320 fare best they just don't really have any capacity to really be ramping up

the production even if they wanted to so i think that's really constrain their ability to profit off of boeing's missteps here was a delay in frankfurt thank you. miss on the ground slashed its financial expectations for this yeah off with latest results showed an 87 percent drop in profits touring the last month months of last year scandals falling sales another coronavirus maybe media future isn't looking bright for the japanese carmaker. nissen might be starting to get used to this on thursday it again found itself having to say sorry. some of the most and if we express my sincere regret to shareholders the company results will we could than expected. those results make tough reading a $240000000.00 loss for the last school to compared to a $640000000.00 profit

a year earlier driven mostly by falling sales business and problems are many and it doesn't see them clearing up any time soon for example the company continues to deal with the scandal surrounding former chairman carlos going on is now claiming damages from its next boss who escaped custody in japan. nissan is also battling slowing demand in key markets such as china speaking of which coronaviruses further weakening the company's outlook and sound as hope to its production in china until at least later this month execs have assured investors an overall turnaround plan is in place however it could take some time until nissen is flying high again. and now to some of the other business stories making headlines around the world australian flag carrier qantas has told its international pilots it's bringing in additional flight crews to operate its slated nonstop flights from australia to london and new york that's if they don't agree to

a new wage agreement the alan has been in a deadlock with pilots over how much they will be paid to fly the world's longest commercial flights starting in 2023. because of it 19 or corona virus is throttling the world demand for oil not only is the virus flushing the economy in china it's also having a ripple effect on the world economy production is suffering its 1st quarterly drop in a decade demand is expected to fall by just over 400000 barrels in the 1st quarter of 2020. concerns about the coronavirus have also led to the consolation of the world's biggest mobile and telecommunications trade show the mobile world congress in barcelona many of the biggest exhibitors have already announced their withdrawals. the organizers of the mobile world congress had tried to lift fears with increased disinfection measures on site recommending that attendees don't shake hands and even banning visitors travelling from who by

province where the corona virus was 1st discovered. but a slew of major tech players announced they would not attend the event including amazon facebook sony deutsche telekom and l.g. by wednesday a 3rd of all reservations have been cancelled the organizers felt they had to pull the plug and cancel the event the spanish tourism sector had tried to prevent that by stressing how important the congress is. the mobile world congress represents around 500000000 euros in 3 to 4 days it gives us the feeling that if not the biggest it is the best week for barcelona. now it's going to be one of the worst many taxi drivers fear. it's a bankruptcy you never know but i don't know shit effects barcelona so much else in the hotel sector. the 4 day event scheduled for the end of february typically draws

more than $100000.00 attendees companies usually launch new products there and showcase their latest gadgets that business will now have to be conducted by other means not. me and the business to more business news of the fact of course on our website that's t w dot com slash business also make sure you follow us on facebook and twitter stay tuned now for. next friday after all quick updates on global markets.

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this is news coming to you live from berlin germany remember the most controversial chapters of world war 275 years ago british and american fighter planes began 5 bombing the city of dresden killing tens of thousands of people over 3 days for some the attack was a minute create necessity for others a needless tragedy today commemorations are being held in dresden we're bringing you live coverage.