your few people can enjoy the benefits of. an insidious reward system coerces people will be towards the regime. those who don't make it into the fund metropolis live in poverty. income yet start feb 20th on w. i. it's the worst groan about this outbreak outside a shop italy holds the con about in venice and locked down several towns close to milan does this mean for business in italy's most productive industrial region. also coming up u.s. president on its trump is in india on his 1st official visit and he's talking trade and. what come to the business live from berlin i want to get jones good to have you with us. the number of corona virus cases in northern italy is growing at an

alarming rate with more than $150.00 cases including several fatalities now being reported in the country's financial and business capital milan major international events such as milan fashion week either scaled back or canceled outright schools and universities are closed and passengers on international trains out of milan being tested for the virus the epicenter of the outbreak is long but authorities there have put several towns under quarantine affecting some 50000 people. from let's bring in our financial market correspondent chelsea delaney who's standing by for us in frankfurt not a lot of course is what frankfurt is to germany it's italy's financial hub how's this outbreak affecting trading. trading is just getting started today but the mood is extremely negative not just an added we're really across europe i mean

i tell you and taxes down more than 3 per cent but stocks here in frankfurt and france and spain they're all down more than more than 2 percent as well so there's a lot of fear and markets today up until now investors that really been focused on the knock on effects that the outbreak in china would have said things like supply chain disruptions store closures in china but now they're really having to face this this threat on the home front as well so they could you know have to face business closures and production shut down in their home countries as well and this is really a new dynamic for investors and they're really talking today about a global pandemic right i mean all the needs of the of. the driver all the italian economy long particularly milan what kind of business is mostly affected. it's really a lot of different industries lombardi is it accounts for this. it leaves

a gross domestic product that's a huge driver of the economy industrial industry is a really important they're mechanical engineering our culture those are all big but really you think about things like the financial sector so you know credit leaves biggest bank is based in milan they've already told employees to work remotely if they can and other banks have closed there you mentioned milan fashion week that's also aready been impacted but this also comes at a really delicate time for italy when their economy is already on the brink of recession. and they need sunsets and kissed and. meanwhile the south korean government is considering a supplementary budgets to handle the impact of the virus outbreak. on asia's fools largest economy now this. the number of confirmed cases keeps rising the situation isn't getting any better in china the epicenter of the outbreak the head of the

chamber of commerce in china recently returned from beijing my colleague ben sicily and i asked him what it was like to be stuck in lockdown in a ghost town well i've been through ghost towns before 2003 i was a veteran of the sas crisis and it was on lockdown what does different now that actually the shops and the restaurants are all down it's like a panic particularly in beijing where i live which is hard to understand because we have 3 in a case as one mortality and we have 5000000 cars in the city you don't see them anywhere it's ghost town which is frightening and my kids actually 8911 very concerned about this i mean it's depressing frank you were stuck there for some time how did you get out now actually getting out is very easy. to 2nd trip i live in china but unlike the 1st time when they came back now they put a new constraint on it i have to be put into current time because i come from germany in beijing when i return next week which is peculiar because in china you

can get on the plane you get out here no current time. and you were planning to go back i believe. a crazy thought no i mean it's peculiar because i plan to go back tomorrow and now i cannot because of another meeting in looks often and in other places of germany and so in a way i got told to stay put here and if i had more than 14 days in germany i'm sort of ok to go back to china don't have a current time but my family my work is waiting and so i have to go back and possibly be self contained in current time to my house would you say these strange rules and practices a part of why this virus is spreading so quickly. i mean this is a president it never had a care in time during the czars and it's kind of understand why when you come from germany you have to be karen time and i think it's way over the top we have 2 different regions one is one and who we are which is really a was on its absolute to cut their people are struggling and now we have been aging

in shanghai cities of 20000000 people and 300 cases so i fail to understand why this kind of. locked up what about the economic impact there are economists today talking about this being a lehman brothers smoke it. yeah the condom is going to take a major hit in the 1st quarter services is the major chunk and transportation 80 percent down will tell us how close restaurants are closed and movies and everything so there's not much activity if at all. many factoring is partly coming that kind astri's chemicals and so forth but the 1st quarter is basically gone now we have to see how they open up because even if you produce you have so many of the just 6 nightmares in all to get this product from a to b. you're running short on supply on packaging material and so forth the economy starters so it takes much longer than in 2003 to have a comeback story so powerful comeback but what about long term do you see companies

deciding against china pulling out deciding to take their production elsewhere well 1st of all the biggest risk is not to be in china because the biggest growth story there is no 2nd china available and so for companies they always have to keep in mind and this is the place to be but of course now i think china has been teaching a lesson that diversity is being part of the show either you diversify in china you put it different places or you go to the region or possibly there will be a discussion in germany on industrial policy you know antibiotics the precursors are in the mongolia most of them do we really need this only there or do we want to have this here it's going to be an interesting discussion but i think overall you can't avoid china you actually have to be just of ok thank you very much thank you very much. and now to some other business stories from around the world. the deadly grown a virus epidemic could put an already fragile global economic recovery address the international monetary fund has warned speaking at

a meeting of the g 20 finance ministers in riyadh ministers that they're ready to implement a pro growth policies meaning more government spending and aid for ailing businesses affected by the outbreak. the canadian government has wanted that indigenous protests involving rail line blockades could cripple the economy and says it wants to restart crisis talks the main blockades were set up 18 days ago to protest a natural gas pipeline being built across indigenous lands in british columbia protesters want work on the pipeline to be suspended. holidaymakers to the canary islands are facing air travel disruptions after a huge sahara and some storm engulfed the spanish tourist destination on sunday low visibility has forced hundreds of lives to be grounded or diverted to other airports is a judge ryan and jets 2 are among the airlines affect it. u.s. president donald trump is in india this week on his 1st official visit the trip

comes amid trade tensions with daily and tit for tat tariffs last year but now both sides are eager to negotiation to get india to partially open up dairy markets move however is unlikely to go down well in the world's largest milk producing nation which has traditionally restricted to dairy imports of correspondence on your family car traveled to the northern state of pradesh to find out more she sent us this report. this is how denise kumar begins his day he's to pickle of millions of small dairy producers across india his family doesn't own a palm beach. in their backyard it's hard work there's never a day off he makes about $60000.00 rupees selling his milk that's around $775.00 euros a month but buying food and medicine blows a big hole in his income the nations of the saddled with debt see took out to cover his mounting costs when all bets factored out his income drops to just $10000.00

rupees a month around $130.00 euros. sometimes my cows and buffalo fall ill sometimes my own parents fall sick all my wife and then the school fees for my children we just about managed to scratch out a living. it is exactly the kind of dairy farmer could be impacted if india and the us agree in a great deal that gives american dairy producers easier access to the market here. india has gone protected its farmers by disputing cheap dairy imports an extensive network of operatives and small vendors produces middlemen supreme uses also receive a sizeable fraction of the retail price paid by consumers up to 70 percent of it. but many feel that could all end. thing heads a local unit of the national farmers' organization to push. if there's a dairy deal with the u.s.

and milk imports are allowed prices could fall that would pose a huge threat to marginal dairy farmers and laborers they'll be staring at major losses. but not everyone is worried at this private dairy farm almost every step of the process has been mechanized the cows milked twice a day. and freeze eons ago to pinpoint the company is a new niche player in the industry. is the co-founder of he produces what he says is beyond milk free of hormones or adultry it's an issue that remains a widespread concern in india. the premium milk is bastardized here i'm going to doesn't the us dairy imports is a threat he says because his unique selling point especially is and rapid delivering just 12 hours from cow to customers but the entrepreneur who is a vegetarian does have misgivings about a great deal with the u.s. especially an aspect that has proved

a major stumbling block in negotiations. there are concerns in india that the photo given to cows in the us contains meat components cows in hinduism a sacred so there are religious sentiments involved. india is also a huge consumer of milk which is used to make your good cheese and a wide range of indian sweet. american debbie produces despite the complications the country to means a huge untapped market at least amount. and that's it from me on the business team here in berlin you find more business news and background on our website that's. also facebook on twitter. and we leave you with a quick update on the use of. what

do you think what do you get for $0.50. or 57. years which is the secure thinking cocktails and all the law stuff did you know it cost $0.50 to feed the hungry child for. a few. games. the share of the. sharing.

just $0.50. more for number. one. imagine the impact you and your friends could have to gather we can and global please download the app. every morning thousands of scavengers stream to the tent or a dump site in the kenyan capital nairobi the people here try to and if you dollars a day to help make ends meet gangs and cut tells us how to control the landfill it's a dangerous place especially for children like richie. taylor and the growth of. a boy was killed over there. if you go there they'll steal from

you and when they do they'll make sure to maim you to. forage she trash is a lifeline for others it's a multimillion dollar business. believe . the current gotcha's slum awakens before dawn some of the children head off to school 12 year old richie spice a monday and his mother have lived here their entire lives richie wishes he could join the other kids but the last time he went to school was 3 years ago. it's been so long that i can barely remember the school to keep. instead of getting an education and playing with other children richie has to go to the.