i think it will truly be making progress when we all accept the history of slavery as all of our history. our documentary series slavery routs starts march 9th on d w. it's the worst coronavirus outbreak outside a shop italy holds the carnival in venice and looks down looks down several towns close to milan but this mean for business it is most productive industrial region. also coming up is present on the troubles in india on his 1st official visit and he's talking trade. welcome to the business live from berlin i want to jones good to have you with us the number of coronavirus 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 of milan major international events such as milan's fashion week are scaled back all cancelled outright schools and universities are closed and passengers on international trains out of milan are being tested for the virus the epicenter of the outbreak is lumbered the authorities there have put several towns under quarantine affecting some $50000.00 people stocks in milan and in front for chits 3 percent and the latest coronavirus p s. a some silver lining on the business horizon comes from germany 0 institute the latest business climate index for february came in at 96 point one percent that's better than expected and for more i'm joined now by professor t.-mo of almost was a senior economist at the center for macro economics and service good to have you with us please tell me how is this better than expected business and cement fit in with the current coronavirus. yeah that's true it was

a bit of surprise this morning when we came out with this data because if anything we had we would have expected a decline in particularly in the expectations of the germany's manufacturing industries but the opposite happened so the firms told us that they are getting more optimistic about what is going on in the future so this was definitely a surprise but talking of the future i mean coronavirus is now in europe too was italy reporting new cases pretty much by the minute what's this mean for the european economy. i think this will definitely hit the european economy and it's probably not yet in the data i mean the survey was conducted in the 1st 2 weeks of february even though at that time we have already been discussing a lot about corona especially in china and i think it will definitely hit the european economy we are very much dependent on china. lots of imports particularly

especially for germany imports of intermediate goods are coming from china and if there is a production standstill in china then this would have an impact on production also in germany but also in other countries and i think we can see that in the data definitely and now that we see this locked down also happening in in italy's industrial center in lumber d. and the region around milan which sectors do you think are the most exposed and is there a way they can compensate any loss. well the danger is large that we will see even though largely facts if things like in china happen in in europe as well i mean the biggest problem is of course the biggest problem for the economies of course to come the currents you know which simply means that people don't go on the streets anymore they don't consume goods anymore and which also means that people do not go to work anymore and this is a particularly for germany which is at the moment not that much affected by the virus is the biggest problem because of course we have which more dependent on what

is going on in italy production chains are going over italy so this will definitely have an impact then also on germany all right professor team of unless i said this economist at the center for macro economics and surveys thank you so much for your time welcome. and now to some other business stories from around the world. the canadian government has want to that indigenous protest 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 it being built across indigenous lands in british columbia the protesters want work on the pipeline to be suspended. holidaymakers to the canary islands are facing ad travel disruptions after huge power and some storm engulfed the spanish tourist destination on sunday low visibility has caused hundreds of lives to be grounded or diverted to other airports easyjet ryan air and

judge 2 are among the airlines affected. the coronavirus epidemic could put an already fragile global economic recovery address the international monetary fund has warned at a meeting of the g 20 finance ministers in reality economic affairs commissioner paulo gentil only said the g 20 was ready to react with pro growth policies meaning more government spending on infrastructure and aid for ailing businesses affected by the outbreak many ministers also said they wanted to keep their monetary policies moves. in prime minister narendra modi has welcomed u.s. presidents donald trump on his 1st official visit to the south asian subcontinent the trip comes amid simmering trade tensions with delhi and last year's tit for tat to terrorists the united states is india's 2nd largest trade partner after china but in $29000.00 the u.s. ended up with a deficit of around $23000000000.00 in trade with india and washington demands

india must buy more american farm goods if it wants reinstatement of a key u.s. trade concession and steal a wider pact india in turn has offered to cut tariffs on chicken legs from 100 to 25 percent but the u.s. demands a cut to 10 percent while another point of discussion is to get india to partially open up its dairy markets to move however is unlikely to go down well in the world's largest milk producing nation our correspondent on your funny car sent us this report. this is how denise begins his days he's typical of millions of small dairy producers across india his family doesn't on a farm they take care of the cattle 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 fodder and medicine blows a big hole in his income the knishes also saddled with debt load c.

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 their school fees for my children we just about managed to scratch out a living. it's exactly the kind of dairy farmer could be impacted if india and the us agree in a trade bill that gives american dairy producers easier access to the market here. india has long protected its farmers by disputing cheap daily imports an extensive network of operatives and small vendors reduces middlemen surprise uses also receive a sizable fraction of the retail price paid by consumers up to 70 percent of them. but many feel that could all end. thing heads a local unit of the national farmers organization here in the british. 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 point the dairy farm almost every step of the process has been mechanized the cows milked twice a day. and freeze eons ago to. the company or there is a new niche player in the industry. is a co-founder he produces what he says is beyond milk free of hormones or adultery it's an issue that remains a widespread concern in india. the premium milk is bastardised here are going to doesn't view us daily imports as 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. milk and dairy produces despite the complications the country to me huge untapped market at least from our. reporter joins me now from delhi asone and i'm giving the religious and social economical implications you mentioned in your report how likely is it that narendra modi will open up the indian dairy market to the us where men want to go i think that is actually highly unlikely i mean we have to remember that the u.s. and india have been negotiating these dairy imports literally for years and it's a very complicated. process and there are many reasons for it as we saw in that

report but you know even at home or the does face a lot of domestic pressures he faces pressures from many many farmer groups who are vocally opposed to any kind of trade deal that would see every imports coming in that that remains a big problem and i think we have to remember that there are really genuine concerns in india that you know if their imports do come in 150000000 marginal and small farmers who form the really the backbone off the daily economy here they could they could you know really be crippled by. imports and so i think that remains a big concern another problem is you know that the rule economy is already in india suffering from many many problems of this just for the pile on the pressure so tough talks ahead there certainly when it comes to agriculture what is the chemistry between narendra modi and president on the trump do you think that they see eye to eye and will be able to actually strike a deal. well i think there is there's

a very strong chemistry between the 2 leaders and that was very much on display today as trump with the to the western city of on the barge and movie gave him you know a lavish reception where with with 100000 people showing in arms but but those opposed to bonds i think are not enough the 2 countries are really very far apart on several create issues they have to really iron out a lot of differences when it comes to agricultural trade when it comes to intellectual property rights tariffs they're also u.s. concerns about rules in india that favor domestic e-commerce companies so i think it remains a tricky issue tattersall really complicated this problem ever since the u.s. suspended india's preferential trade status last year you know donald trump has also called the u.s. the king of tariffs so i think stocks are really stuck here i don't see how this can really go forward rate i'll be interesting to see this it is still to last a bit and longest on your family because they're reporting for us from delhi thank you so much thank you. and that's it her from me on the business team here in

berlin of course there are more business nears and there's a lot of background on our website at www dot com slash business or also on facebook and on twitter check us out of there and before we go is a quick update on global markets thanks for watching.

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with to understand newark. you are not a visitor not a guest you want to become a citizen. in so migrants your platform for reliable information. later. this week on well stories. we go exiles from china try to preserve their culture colombia souvenirs from the drug lord. and we begin in berlin a syrian man who seeking asylum is extremely worried about his family back home to live in. serious army backed by russian fighter jets is trying to recapture the region. deep checks the news from syria on social media all the time where did the

latest bomb fall who or what was hit while he is in safety here in germany the rest of his family are in mortal danger and it lip. he is desperately worried. for whenever i eat or drink i think of my children do they have anything to eat the ill do they have a warm blanket or. his sons mohammad and 9 and 10 years old he had to leave them with their grandparents and he thought it too dangerous to flee with them if the internet is working he calls them several times a day or a little hello how moody how are you what's going on. it's cold there.