the lockdown major events called off in europe worried about the economic impact. and massive crowds welcome the u.s. president to india with buffering up donald trump one in short an incredible trade deal. i've been pursuing leads to business hundreds of further cases over the weekend have seen south korea open up as a key front in the battle against corona virus more than 800 people there have now caught the disease the most in any country outside of china with a booming cases the impact for south koreans and for south korean businesses is just getting started. the queue gates as far as the eye can see south koreans have been waiting patiently in their hundreds outside of supermarkets like this one to get their hands on protective masks it's particularly important here in the city of daegu where the vast majority of south korea's instances of corona virus have been

detected. elsewhere public places like this market in seoul are being urgently disinfected a spike in cases over the past week has driven many people to stay indoors a problem for traders here. i think about 40 to 50 percent of elderly people have stopped coming to the market or. i'm worried about the fact that they're disinfecting the place. in the beginning i thought everything would be ok now i'm very worried. and it's not just south korea's traditional markets that are suffering financial markets have also been shaken by the weekend's rapid rise in cases souls main cost index fell almost 4 percent on monday the south korean government has responded to the health threat by declaring its highest alert level serious it's also planning drastic measures to cope with the financial impact . for one in addition to swiftly deploying the emergency funds set aside the

government will consider the drafting of a supplementary budget have to coordinating with parliament. the discovery of a case of coronaviruses samsung smartphone factory in the city of gumi forced the electronics major to announce the closure of the facility some of its employees have placed themselves under voluntary quarantine. meanwhile many south koreans have been using online coronavirus trackers to work out where safe if they do go out. with cases rising and markets panicking it's no surprise that south koreans are lining up to protect themselves. european financial markets have suffered their worst day since 2016 noticeably italy down more than 4 percent it's reported a sudden surge in corona virus cases in the north big international events like milan fashion week have been scaled back or canceled schools and universities are

closed officials are testing passengers on international trains out of milan the epicenter of the our break is gone buddy several towns are under quarantine some $50000.00 people were affected. german business morale rose unexpectedly this month shaking off the coronavirus of the evil institute study warns that could change next month as the effects become clearer we asked the research groups team overall the soyuz or what it means for europe with italy reporting new cases i think this will definitely hit the european economy 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 in particular 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 will see that in the data definitely. some of the other corona related stories making headlines this hour in frankfurt oil prices are down 4 percent concerns are growing that the outbreak will hit the mad haad it's already affected the manufacturing logistics and travel sectors meanwhile safe havens like gold and treasury has been surging along with u.s. stocks and the dollar that's not typical it shows the best is preparing hopefully use for a virus led global slowdown. the international monetary fund is echoing that sentiment warning epidemic could put a fragile global economic recovery at risk speaking at a g. 20 gathering in riyadh finance ministers said they're ready to implement growth policies meaning more government spending and aid for businesses affected by the outbreak.

glaxo smith kline is teaming up with china's bio pharmaceuticals to find a way to treat the corona virus working on a protein based corona virus vaccine however researches warn they still have a long way to go. and fashion retailer prime arc is warning of shortages in some clothing lines like this year due to chinese factories being closed because of the coronavirus the company sells more than 40 percent of its product from china says it's in talks with suppliers in bangladesh cambodia vietnam and turkey to fill the potential gap. over 100000 indians have cheated on donald trump on his state visit as the us president promised an incredible trade deal and the most feared military equipment on the planet but behind the scenes trade tensions of simmering the united states is india's 2nd largest trading partner off to china but in $29000.00 the u.s. ended up with a deficit of around $23000000000.00 in trade with india washington is demanding

daily by more american goods it wants key trade concession reinstated and seal a wider pact india has offered to cut tariffs on chicken legs from 100 to 25 percent of the u.s. demands a cut to 10 percent another point of discussion is india's dairy markets it's partially opening them wouldn't go down well in the world's largest no producing nation is sonia found the cup. 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 never to deal 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 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 u.s. agreed to create deal that gives american dairy producers easier access to the markets here. india has gone protected its farmers by disputing cheap dairy 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 it. but many fear that could all end. thing heads a local unit of the national farmers organization not 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 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 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 fall doesn't the us daily imports is a threat he says because his unique selling point specialist and rapper 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 and hinduism is 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. despite the complications the country huge untapped market. sort of joins us now from to tell us more about trump's trip sort of be i know the bilateral talks for tomorrow but we're already seeing some big promises made today. yes so at this maybe that. president and it will be addressed to a large audience of people $100000.00 people there will at several promises about

increasing the relationship between radicals in the ties between. america and india of course. about the loose the same agreement now let me go back to the stop and that before when this visit was announced both sides were hoping that this would come true especially since it's at a whopping 10000000000 dollars however last week when it was announced that. the bus in leaving the agreements from the american government would not be our last chance to education speculations begad not how this treaty would distribute would fall through yet president john briggs did bring it up in his speech again and again he said and i thought that they got in the arts are about to sign a treaty if not. a good if not greeted deal that will be their trade relations

fall but as you mentioned at the beginning of this report the reason why this is not happened is the because america has been pushing for india to open up its markets to more american goods. have disagreed on dives and duties however there are also domestic issues due to which this trade agreement has not until now last year and in 20192020 there was a sharp drop in india's thought it goes to me to do all those 5 percent which lead to increasing all the protectionist policies by the indian government and of course as we have seen in our midst i think about think if this is all kind of cheap which is why this goal for this. not going to has reduced quite a bit serbia will have to leave it there nice and business with it. by.

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to the program we begin with breaking news police here in germany are investigating a possible.