and on demand. language courses. and or you know. investors a left shaken once again as the true impact of the coronavirus becomes increasingly clear one of the world's most valuable companies apple profits will fall short of forecasts the outbreak. getting longer the cayman islands is among the latest territories to be officially designated tax haven by the e.u. . since the budget misplacement brussels not to leave them

starved of subsidies. on robots in berlin welcome along now we've seen the shut shops and the closed factories but the financial impact of the coronavirus is only now becoming clear starting to count up the costs of the disruption to their supply chains by problems in china is among the 1st to say the figures are looking good. shopping malls and stores closed across the country city streets empty as millions remain confined to their homes factories shows a 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 that 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 prick. let's get more on this correspondent jose luis a heroine who joins us from wall street. so how is apple buffering itself against this expected downturn. in the short term mainly muddling through with

low levels of capacity available in china domingo what do you say point for the company is it to make sure ease not a significant sort of show for its products to consumers we can also see some changes the new products a rumored to be a skirt all to launch in the coming spring like a new version of a low cost but in the medium long term the current experience of my 4 aapl to why alternative countries had to build up its manufacturing capabilities decades of indonesia brazil or even india but all these changes need some time and planning so investors at this point hope activity can go back to normal in the coming weeks or . also for recovery in the coming quarters now apple is often seen as a bellwether for companies that have got big sort of international networks what do we expect from other firms given what all this have to say. when it comes

to consumer electronics robot mainly look for high quality manufacturing alternatives or else were outside of china which is not easy also there could be a major demand for out from a few now robotics to replace low cost workers but some of these are measured who take time it depends also on the industry for example toys they can be rearranged to be manufacture in mexico or clothing and in canada singapore colombia or brazil are some of the alternative supplier countries that could take the lead when it comes to the top products imported from china. i always say thanks for joining us jose luis to harrow in new york. now the e.u.'s black list of tax havens is getting longer brussels says there are now 12 countries helping tax evaders conceal assets from the authorities along. older entries like oman and samoa there are

4 new additions you see them here because seychelles palau panama and the cayman islands now the cayman islands is an interesting case in itself because it is the 1st british overseas territory to be blacklisted. tax havens offer the chance to hide money easily and quickly in entities like foundations or companies that only exist on paper or straw man or woman function is there to chill or owners hiding the real owners everything is top secret until in 2017 the panama papers exposed it all to the bright light of day giving the public an idea of the scale of the problem celebrities like soccer star lionel messi or iceland's prime minister sigmund or david soon were among those exposed a wave of outrage followed and politicians promise to get tough. the e.u. says the mere threat of

a blacklisting was enough to put mines to work. we'll see that as a sleestak. company swelled wide through improves the actual government standards and strengthens the fight against that tax abuse to date tax systems of $95.00 countries while being examined and most of them will comply it was good government standards apart from countries like the cayman islands that is until now british influence is shielded its overseas territory brigs it has changed that blacklisting the caymans is being interpreted as an e.u. warning there are fears that following brags that britain could become a gigantic tax saving on europe's doorstep the city of london already office several advantages in this respect and the caymans the only tax haven being protected by britain. 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 hardest on operations in europe and the u.s. nearly all of asia s.p.c. profits come from asia or the us china trade war on coronavirus have raised uncertainty shares in the bank drops over 2 percent on the news. in other business news from around the world italy's biggest lend lend some paolo has launched a 5000000000 euro takeover of smaller rival u.b.i. banca it made the bed after u.b.i. announced 2000 job cuts together the banks would have revenues of 21000000000 euros on lists of long code for consolidation in the tally and banking sector is vulnerable to exposure to italian government and. the united states is blacklisted a subsidiary of roll snuffed the trump administration accuses the russian oil for

propping up the venezuelan oil sector and dodging sanctions as part of an attempt by the united states to cut off a major source of income to president nicolas maduro regime of the country. and of course in the hague is up held an appeal by shareholders of the defunct oil company you cost boosting their claim to as much as $50000000000.00 of compensation the russian filed for bankruptcy nearly 14 years ago leaving investors in the lurch russia's government is therefore likely to have to shoulder and. now the boy scouts of america filing for bankruptcy protection. as the 110 year old organization seeks to compensate victims of sexual abuse the scouts are facing claims from several 1000 here with the last 2 decades ago recent changes to the law have allowed the cases to move forward and. list say the scouts presence across 50 states makes this one of the biggest and most complex and fanciest ever seen.

has opened a u.k. sized hole in the e.u. budget making spending cuts almost inevitable 1st on the chopping block is likely to be subsidies like those paid out c e u farmers hundreds of them have been taking to the streets to tell brussels county without the help. most days these forklifts carry heavy bales of hay today political messages pleading for help from vegetable and tobacco farmers fighting for dignity in spain food prices have remained low for decades low production costs have gone up farms have shut down and farmers are asking their political leaders to step in. there i want to tell you who are nor will we have been charging the same prices for products for 30 years and we can't go on like this enough is enough with tobacco 30 years ago we earned 3 year olds 40 per kilo and now it's down to to 30

yards or more on the order and. no doubt brussels will hear the farmers but still there are subsidies might get cut after all agriculture contributed only 1 point one percent of the blocks gross domestic product was subsidies to the sector account for 38 percent of spending in france protests have started november and never really stopped. through school all we know is that unfortunately if you look at the prices was sell our products for we need those subsidies to survive right now that's the only thing we know for certain the fool who is the. head of thursday's use summit leaders are divided over the size of the budget and spending priorities the farmers are doing all they can to help them make up their minds. and finally in a surprise announcement the world's richest man has said he'll be spending

$10000000000.00 of his own money to help fight climate change post on instagram amazon founder jeff bezos said this summer he'll stop funding scientists activists and nonprofit organizations amazon has come under fire in the past reserve climate record last september base promised the world's largest online retailer of the carbon neutral by 2024. years. and that's all from me in the business team here in berlin you can buy more from us on our website www dot com slash business we're also on facebook and twitter of course thanks for joining us.

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this weekend t.w. . they were forced into a nameless mass of. their bodies near tools of. the history of the slave trade is of africa's history. describes how the greed for power and profit plummeted an entire continent into chaos and violence the slave system created the greatest player and accumulation of wealth the world had ever seen up to that moment in time. from its very beginnings until this very day human trafficking has shaped the world. 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 routes starts march 9th on d w. hello and welcome to arts and culture when we think of classical greek and roman sculptures we usually see them in white marble but that's not how they were meant to look to german archaeologists husband and wife team have recreated these figures as they appeared thousands of years ago that story coming out and a vegetarian chef with a michelin star takes us into his kitchen and out and so the garden to explain his

sustainable food losses. but 1st filmmakers and stars are descending on the german capital for the 70th birthday and international film festival today it's one of the biggest film festivals in the world but 7 decades ago the festival was a lot smaller for bally nala as it's also called was actually started by the u.s. military and what was then occupied post-war germany a new photo exhibition shows us berlin's changing glamour through the years. gary cooper. and jane fonda since $951.00 movie stars have enjoyed coming to the berlin international film festival. and fans love the chance to get up close to stars like george clooney and léonard it kept. the exhibition in a book features highlights from more than 6 decades of pictures taken by.