culture should be a far easier task. so you're watching the news business with robots is coming up next and don't forget you can keep up with the news around the clock on our website it's called and told me all lot of fun for me and the rest of the team here in berlin thanks for watching. me there i'm david and in this climate change. happiness in 3 books. for you. to get smarter for free to go where you go on the future. i'm not going to think out of the gym well

i guess sometimes i am but i'm standing up in which is that we haven't think steven through german culture of looking at the stereotypes question in here think the future of the country behind our long time. need to change the picture this drama. it's all about a new i'm rachel join me from the german sunday w. . post. to the kind of. investors i 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 thanks to the outbreak. the list is getting long ago the cayman islands is among them latest. to be officially designated tax havens by the

e.u. . breaks it bites into the news but it plays with brussels not to these kinds of subsidies. i robot's 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 vans are 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 are 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 uppal 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 brake. well let's get more on this from 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 their main goal what do you say a point for the company is it to make sure there is not a significant holding its products to consumers we can also see some changes the new products rumored to be as cattle 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 are to build up its mine factory in abilities 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 a b. shaped 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 apple has had to say. when it comes to consumer electronics rubber mainly look for high quality factoring alternatives or else were outside of china which is not easy also there could be a major demand for. to replace low cost workers but some of these are measured could 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 would say thanks for joining us jose luis to harrow in new york. now the e.u.'s blacklist 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 forgot 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. tax havens over the chance to hide money easily and quickly in cities like foundations or companies that only exist and paper straw man or woman function as the titular 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 stir lionel messi or iceland's prime minister david soon were among those exposed away with outrage followed when politicians

promise to get tough on. the e.u. says the mere threat of a blacklisting was enough to put mines to work. we shall see that there's this least in cottage companies worldwide to improve docs would government standards and strengthens the fight against attacks abuse to date docs systems of 95 countries while being examined and most of them not comply it was awarded good government standards report from countries like the cayman islands that is until now british influence is shielded its overseas territory regs 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 even on europe's doorstep the city of london already office several advantages in this respect in the caymans the only tax saving being protected by

britain. now 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 s.p.c. profits come from asia or the u.s. china trade war i'm coronavirus i've raised 70 shares in the bank drops over 2 percent. in other business news from around the world. italy's biggest lend lend some paolo has launched a $5000000000.00 euro takeover of smaller rival u.b.i. banca made the bed after u.b.i. announced 2000 job cuts together the banks would have revenues of $21000000000.00 euros and lists of long code for consolidation in the tally and banking sector is

vulnerable to due to exposure to italian government and. the united states of blacklisted a subsidiary of rolls nafta the trump administration accuses the russian of 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 his regime in 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 pay out. of the boy scouts of america filing for bankruptcy protection. as the 110 year old organization 6 to compensate victims of sexual abuse the scouts are facing claims from several 1000 when the last 2 decades ago recent changes to the law have

allowed the cases to move forward on a list say the scouts presence across 50 states makes this one of the biggest and most complex and for its use ever seen. it 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 they can't do without the help. most days these forklifts carry heavy bales of hay to day political messages pleading for help for which. bacco 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. norway we have been charging the same

prices for products for 30 years and we can't go on like this but enough is enough with tobacco 30 years ago we earned 3 year olds 40 per kilo and now it's down to 230. no doubt brussels will hear the farmers but still there are subsidies might get cut after all agriculture contributed only 1 point one percent to the blocks froze domestic product while subsidies to the sector account for 38 percent of spending in france protests have started november and never really stopped. to 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 e.u. 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 and post on instagram as and founder jeff bezos said this summer he'll stop funding scientists activists and nonprofit organizations amazon has come under fire in the past climate record last september base also promised the world's largest online retailer be carbon neutral by 2024. years. and that's all from me in the visiting here in berlin you can find more from us on our web site www dot com slash business we're also on facebook and twitter of course thanks for joining us.

to biden is a savior of the forest. because 210 acres of land in central gonna his own is recall debating and conserving wood and teaching how to practice sustainable forestry is all about training good i'm tired people also bad do it themselves to

sulk and go to have a nice gum fall and cool down for the. next one t.w. . mega-cities these concrete jungles are often pushing up to see. their economic powerhouses get leave people with little to live. half of the world's population already lives in urban centers leaving planners with a huge challenge how can these monstrous cities be taking me in should. be in 60 minutes on d w. d 2 you know that 77 percent classic are younger than 6 o'clock. that's me and me and you. can't even know what time the voices of

100. 77 percent talk about the issues. from politics to fashion from housing boom boom time this is where. welcome to the 77 percent. this weekend on g.w. . hello everyone and welcome to this new edition of eco africa the environment magazine boards e-vite channels t.v. here in nigeria and t.v. in uganda and jim these doors chavela. we're coming to you from lagos and joining

me of course is my colleague sandra teen o.b.o. and hello there sandra. and hello from.