it's the bill playing cards in germany as it means clearing forest for the factories. and it was all in place for business countless companies face this predicament factory closures a sudden shortage of global supplies profit warnings all because a new type of virus has hit the world's 2nd biggest economy and gone global highly that work tech behemoths apple is one of the 1st to clarify the extent of the college. shopping malls and stores tolls across the country city streets empty as millions remain confined to their homes. factories shot or reopening at a snail's pace none of this is good news for apple the world's most valuable tech company makes i phones of various sites across china and also sells millions of them at stores around the country the profit warning underlines just how serious the corona virus outbreak is for a business like apple which is heavily reliant on its supply chains in china as

well as its strong customer base there apple had already been facing challenges in china before the outbreak in 2019 the company made sales of $44000000000.00 in the country a fall of 12 percent from 2018 and the relative value of the chinese market for apple has been declining in recent years in 2015 the country accounted for 25 percent of apple's total revenue has fallen steadily last year's figure accounted for just 17 percent. if it is not contained the corona virus outbreak could dramatically increase apple's difficulties the company has already said that worldwide i phone supply will be temporarily constrained due to the air break. well chinese officials are increasingly concerned about the economic impact the crisis is having big events in china and elsewhere have been called off due to the threat of the coronavirus among them china 2020 countries most important motor show in

beijing last week the mobile world congress in barcelona was cancelled as all the big names withdrew as was the chinese preaching his formula one race and a multi $1000000.00 undertaking the list of firms warning of a revenue and profit drop is growing daily it includes much of the travel and tourism sector as well as comic as the lion pods from chinese suppliers chinese online alibaba has also put out a warning and stock markets around the world taking a hit when it comes to preventing the virus from spreading authorities have a keen eye on ports hamburg is germany it's one of europe's one of europe's largest ports i should say in germany and one out of 3 containers come from or go to china we sent our reporter to find out how they operate is affecting operations there. they have a glory set sail in shanghai 5 and a half weeks ago on its voyage to germany and called in a 2 fer the chinese port now it's docked in hamburg 24 hours before it arrived the

captain made his routine ship's health declaration the declaration goes straight to the port health authority. the head doctor there doesn't imagine any cases of covert 19 on board to contain a giant. risk for a ship like this for any ship basically i can put it like this it's been at least 2 to 3 usually for all even 5 weeks since it left the chinese port when it arrives here why. because most ships call in or the ports along the way like antwerp or rotterdam the so-called hamburg antwerp range that's well in excess of the incubation period that being the time between actually being infected by the virus until symptoms present. cruise ships are far more risky most of them with thousands of people on board the virus was able to spread rapidly onboard the diamond princess more of the japanese coast cruise ships aren't calling on chinese ports at

all right now german shipping companies are worried. really ramped up the hygiene on the ship stopping already high standards there are measures in place to clean the ships even more often. and the passengers are being even more strongly encouraged to use hand disinfection facilities which is spread throughout the ships. and the cruise industry doesn't expect a long term downturn and freight shippers are also unravelled in hamburg contain a turnover with china is usually lower at this time of year anyway because of the chinese new year festivities early in the quarter but the shipping agents that booked the freight space do say extended production losses in we could see bottlenecks in china trade. there are places where it's not possible to move the containers from chinese imports into the hinterland where the

factories are where things couldn't be unloaded than already laden ports like to cern in south korea a part to the limit. of holding strong fluctuations in container traffic or in the nature of the business but if the covert 19 virus isn't defeated within a few weeks even the cool heads of the logistics and shipping companies in the port of her will start to worry. while many airlines struggle with the fallout from the outbreak private jet operators have seen a spike in requests from passengers who want to charter planes although they can be priced at up to 6000 euros in our private jets approving or more popular so much so the numbers of the valuable aircraft and crews are growing scarce big operators like my jet asia and vista jet say choir is over the past month of nearly doubled. after profits fell by more than half last year europe's biggest bank has announced it's cutting around 15 percent of its global workforce h.s.b.c.'s interim head says

over the next 3 years about $35000.00 jobs are likely to go as the company implements a radical overhaul the axe is likely to fall on operations harvested in europe and the us ily all the banking giants profit comes from asia where the us china trade war and coronavirus have raised uncertainty h.s.b.c. shares dropped over 2 percent on the news. joins us from london from fitch ratings h.s.b.c. is downsizing basically to focus on asia wouldn't you say that's pretty bad timing considering what i just measure the coronavirus and also that trade truce between china and the us which could be a little flimsy. i think his p.c. reviewed its strategy last year when it became apparent that the operating environment in parts of the world had become difficult and that made it for them unobtainable to reach their profitability target so what they know announced today

is that they were concentrating on the areas where they see the best long term prospects for profitability certainly some short term headwinds and you mentioned a coronavirus that's certainly one of them but given the group's positioning internationally and its global coverage that is certainly a region that continued to perform very well in 2019 and way to group sees the best prospects for performance going forward and what does that say to you about considering the bank's planning what it calls meaningful cuts to $40000.00 british stocks. i think looking at the operations at h.s.b.c.'s operations in the u.k. there's a large part that is housed in the ring fence bank which essentially provides retail banking services and services to some corporates and the retail banking and the corporate domestic banking is actually performing quite well and because of

quite a lot of liquidity and funding available in that part of the fang. this is one of the growth areas that we've seen mortgage growth in the u.k. the part which is also housed in the u.k. and where it was mentioned before cuts are going to be higher in the ring fenced bank i.e. in the global banking and markets area in the u.k. where stops it in the u.k. but where operations also in continental europe and i think what we've seen also with other banks is that the operating environment really makes it quite difficult for banks to reach performance targets and so cutting costs cutting operating expenses which in this case should also result in the more efficient or simpler organization organizational structure should help the bank. thank you very much for your input. in a surprise announcement the world's richest man has announced he'll spend $10000000000.00 of his own money to help fight climate change in

a post on instagram amazon founder jeff bezos said this summer he'll start funding scientists activists and nonprofit organizations to fight the impact global warming has had so far amazon has come under fire in the past for its own climate record tampa bay so as promised the company would be carbon neutral by 2040. 7 bureaucracy is legendary but that's not the only hurdle for teslas ambitious plans to frantically build its 1st european factory in berlin in the next year and a half environmental activists are out in force and musk wants to do something good for the planet by constructing electric cars it means chopping down treats. the german press has started calling it the tesla forest and the machines felling trees here have stopped a court order has brought them grinding to a halt the environmental organization. says the company shouldn't be allowed to continue clear cutting before it has all the appropriate permits to jesus he said

just starting activities right now sets a precedent these are things that cannot be reversed after all you can't just put the trees back in the ground after you cut them down because of the. cutting has to be suspended during the bird nesting season which begins in march if tesla hasn't cleared the site by then it could delay the opening of the factory slated for next year. if it doesn't work out with tesla and i hope it does it will send a fatal signal to german companies but also to international investors it say that when it comes to global competition germany has grown unable to assert itself as the right place to do business. on social media users in other parts of the world are scratching their heads at the german delay to a major investment that would bring $3000.00 jobs tesla has already cleared 60 of the. he had tears planned for the site the carmaker has promised to replant 3 times as many trees nearby the dispute has some people worried that tesla could withdraw

from the deal the matter is being taken up by a state administrative court it'll decide on wednesday where the cutting can continue. and just briefly after all was 15 years opel is returning to the japanese market at a loss for 3 models for next year including electric cars of apparent p.s.a. is trying to expand to more overseas markets a full stop that is the sale of these 10 percent of its output beyond europe in the next 5 years. might only a fraction of its sales outside the call to. nice doing business with here.

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culture. you are not a visitor not a guest you want to become a citizen. in for migrants your platform for reliable information. have fun in pyongyang. the capital city of north korea is reinventing itself. but only a few can enjoy the benefits those the regime allows. kim jong un has introduced and serious reward system to coerce allegiance to the regime. those who don't make it into the fun metropolis are often toggery. the fun in pyongyang starts february 20th on w. .

this is you don't reduce life for a girl in surprise and dismay lif in turkey were court acquits 9 antigovernment activists in a landmark case they were charged with trying to overthrow the government in protest 7 years ago the case widely regarded as a key test of justice in turkey also coming up some believe he's a hero of free speech others say he is a threat to u.s. national security well now julian a sausage prepares for a court hearing in the u.k. that will decide where does he.