it's efforts to fight climate change it aims to phase out petrol and diesel vehicles by $24.00. i think as well as a place of business china's central bank is trying to calm markets insisting the economic impact of the coronavirus will be limited and exchanges have rebounded today the spread of the virus is slowing and there could be more stimulus on its way from beijing sylvie hughes chamber of commerce in china warns of more disruption ahead the covert 19 outbreak has forced a lot of companies in china to throttle back production or halted completely and that's having massive international knock on effects transports operators are also affecting supply chains. a correspondent in taipei told describe the situation in china for us workforce it's still in limbo because according to the ministry of transport only last then one 3rd of china's migrant workers have returned to their job post and if we compare the traffic volume it's about 20 percent of the volume year earlier so now the chinese government is trying to get

people to do home offices but many affect terrain and service sectors they just don't have the luxury of working from home so that's why are now more and more local authorities they come up with like transportation or something that transport for them in order to get these workers to come back to their work post. possible. gold prices have climbed to their highest level since 2013 as continued worries over covered 19 spur demand an ounce of gold currently costs over $1600.00 nearly 10 percent on prices back at the beginning of december before news of the upright broke the rise is being fueled by and based the fears that the epidemic could have a long term impact on supply chains in a range of industries many people turn to safe haven investments like precious metals in times of uncertainty. first of all they didn't seem to explain to a lot mosque that his european gigafactory wouldn't be cool when it's fat an hour

away unless you're driving a tesla maybe and i'm not sure if he realized how bureaucratic germany is tesla has come up against protests and a court order after clearing land before getting final approval for the project even though it's pretty much a done deal this is germany and you've got to follow the rules. 20 lawn musk came to germany last november to pick up the golden steering wheel award for the tesla model 3 he came armed with a bombshell for his audience we've decided to put it as the gigafactory europe in the berlin area the presenter wasn't the only one gasping with shock. tell us this was big news not least for the citizens of grew in height at the sleepy brandenburg village where tesla plans to build its huge factory that could make up to 500000 to electric cars a year many locals were delighted by the prospect of such a large company and potentially big jobs coming to their doorstep holders much less

so initial enthusiasm turned to discord as protests about tesla's arrival grew louder locals complained that wildlife would be affected and that the plant would affect water conservation and supply in the area. but want to stop tesla literally in its tracks is the trees tesla is tearing a forest to build its factory but at the weekend the state court ruled it stop all work at the site until further notice acting on a complaint by the brandenburg green league a local environmental group. earlier today d w spoke to a local resident who urged officials to make sure everything is done correctly before more trees are cut down. my newborn child and d.d. ending give you my message to officials would be please wait for the permits and the finalize plans before you allow more treats to be felled for because we can't just put them back out viable i'm a come on feed on many german politicians business groups and most can self are

heavily critical of this decision to say that this commercial pinewood plantation should not be a battleground the protesters disagree. reporter kate ferguson is at the front lines of this battle. kate tesla managed to get gigafactory up and running within a year in china but this is germany did someone forget to tell you the mosque that . well dan if someone forgot to tell you on most that he certainly find as you mentioned i'm on the front lines of this protest between those who want to get this gigafactory up and running as soon as possible and those who want to do everything in their power to stop but as you mentioned we are here in germany and there is a process for everything so while tessa has got the green light for this project it hasn't yet got the construction permit for it and that's because before that happens there's the chance for citizens to voice their objections to this project

and the period by which they must voices objections isn't until march the 5th night despite the us as you can probably see behind me tesla has already started filing the trees and this is what the glue that leak and vironment will group says is against the law and now it's up to a court to decide whether or not i could continue work ok let's talk about those trees and i'm over of all let's talk about electric cars because it's something that's meant to be good for the planet for the greens and for this project could this damage germany's reputation as a place to do business. well in the short answer yes it could and that's why the frustration and fury has been so unanimous and the green party itself has come out and called it absurd that a commercial pine forest plantation is being used as a battleground for a project that's going to see $500.00 sized electric vehicles run off the assembly line each year potentially leading to

a huge new duction and the diesel guzzling vehicles that are so pervasive on german roads and if you look at the background to this you can see just why people are so upset germany's economy is slowing down and it's facing increasing competition from from the likes of china and for years there's been criticism about the country having too much red tape for investors now finally an innovative company comes along and this progress is through or said at the very infancy i understand all the environmental concerns i mean tesla said it's going to relocate colonies of ants reptiles birds and bats but while the fuss over a pine plantation that would have been. well but environmental groups would say that this is about more than de forest station there are other concerns too especially to do with water consumption the new test like a factory is going to consume a staggering 372000 liters of water every hour and this coupled with the usual concerns of justin campaigners say is more than the timing of gluten haida

can bear a focus for us thank you very much. the oil trading hub of singapore is going electric it aims to phase out petrol and diesel vehicles by 2040 the low lying island nation which faces rising sea levels says it's committed to working against climate change the wealthy city state joins no way in britain in setting a target to take combustion engines off the streets singapore is one of the most expensive places in the world to buy a car and there are a few electric vehicles on the roads and you can talk to budget includes measures to encourage green mobility including registration rebates for fully go to cars and taxis. let's go to andrea hang our correspondent in singapore andrea tesla c.e.o. we have a mosque has criticised singapore for not supporting electric vehicles i guess he's got another new market.

he sure does especially now that he's got that production plant running in shanghai but back to singapore been obviously this move is in line with the ruling governments climate change narrative as well as its pledged to the paris agreement now what took so long you may ask now singapore stands to lose quite a big chunk from its fuel excise duties which is currently valued at about $1000000000.00 a year and so you can imagine how much singapore stands to lose and how how much is actually contribution to the country's revenues but the good news or the bad news depending on which side you are on is that the government is going to relook at the tax structure in order to include e.v.a.'s but will putting electric cars on the road save singapore from sinking.

absolutely not but there is something else that possibly will in the budget yesterday that was announced yesterday it will have a new coastal and flood protection fund with an initial injection of $5000000000.00 and this is obviously taking the cue from prime minister who in last august projects at the cost of climate change adaptation in singapore to be at about $100000000000.00 over the course of 100 years and really just tell me with so much of the budget being pumped into these initiatives we're talking about huge amounts of money what's actually left at the end of the day well what's left is a whopping $6000000000.00 package to help both lower and middle income families and this is a very expansionary budget and that already has put singapore in

a budget deficit that's in the highest in the decade so you're probably thinking you know what's next how does it all work out well this is all things to an $18700000000.00 surplus that's been accumulated over the current term and because the numbers even out the government won't have to dip into past reserves and rating thank you very much for your analysis. and lastly the british government is looking into a points based immigration system for the u.k. or spreads it they key takeaway is that visas will not be available for low skilled workers instead foreigners who want to work in britain would have to speak english and have an awful 1st skilled job with an approved sponsor that's according to home secretary pretty part tell who introduced the plans today immigrants would need a certain number of points to obtain a work permit qualifications

a salary on off the and whether they'd be working in a say to the shortages the scheme or since you come into force next year tell says the new system would bring the brightest and the best to the united kingdom. well there are concerns that this is the most leverage with even more labor shortages or complaints from industry groups and other politicians. was doing business with.

the mob. the committee. the committee.

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am ah. i am beyond. this says you don't use life from berlin to saving incense from the street we join a migrant rescue mission as it calls almost 300 people from the mediterranean but how many more will trying to make the treacherous journey when spring comes also coming up new one certainty is hundreds of passengers disembark from a quarantine koos ship hit by the corner virus in japan they tested negative but health officials fear the passengers because philby virus carriers without realizing it.