on in south korea italy and now in germany are scrambling to control new clusters of the insects. you're watching t.v. news business is up next in the future get news around the clock at our web site it's t w dot com stephen is up next with business right after this. what secrets lie behind things one. discover new adventures in 360 degree. and explore fascinating world heritage sites to. double your world heritage 360 get kidnapped now. go to use crime fighters are back africa's most successful radio drama series continues this season the stories focus on hate speech cholera prevention and sustainable charcoal production. all of

a sow's are available online and of course you can share and discuss on africa's facebook page and other social media platforms. crime fighters tune in now. the spread of the coronavirus keeps dragging down global financial markets wall street plunges for the 2nd straight day we'll look at which companies are losing investors and the few that are profiting. also coming up facemask facemask cannot protect you from the new coronavirus but some asian countries have fanned their exports to meet local demands and that's creating a problem for hospitals in europe. this is your business report i'm stephen beard's in berlin thanks for joining us global markets fell on tuesday for a 2nd straight day as concerns over a growing. krone virus cases in europe and asia as well as new warnings in the u.s.

led to major sell off on wall street in particular major indexes there each losing around 3 percent the benchmark 10 year treasury note also hit a record low for investors on a bullish run the outlook is suddenly looking grim. the rapid spread of the coronavirus has stock markets around the world on edge on monday some exchanges saw their steepness one day decline since 2015 today markets are continuing to slide in the u.s. and in europe the virus is rattling nerves. that's a very serious thing but we think we're in very good shape in the united states we've essentially close the borders to areas where we had to close the world health organization says the world should brace for a possible pandemic a situation where an infectious disease spreads easily between people in many countries. now is the time to care so green phase of

preparedness for a potential pandemic the south korean capital seoul is quiet it's too late to prepare for the pandemic instead authorities are disinfecting the main train station new cases are being detected around the world such as here in palermo in sicily that means that business as usual is becoming impossible. there is of course an economic impact to you to the suspension of activity including for the regions directly affected but we have ready to deal with this emergency you'll see that we can manage to limit the negative impact including the economic impact. of the hotel into a reef with a 1000 guests and spain's canary islands has been in lockdown after a person tested positive for the corona virus as cases emerge and tourist regions like croatia and austria some experts say the economic impact. the virus on the

travel industry will be felt in every corner of the world. now wall street was on quite a bullish run to begin the year but that's all been erased by 2 straight days of losses so who are the biggest losers well for one some of the world's biggest technology companies like apple and microsoft both rely heavily on china for sourcing their components reuters reporting last year that apple has only been increasing the number of its of assembly lines in china in recent years the cruise companies are also among the biggest loser losers norwegian has already canceled cruises in the asian area carnival cruise lines has warned that it will be hit by customer cancellations now there have also been some winners alpha pro tech a company that makes masks and other protective clothing up big time so is moderna a biotech company which is working on a vaccine to the krona virus now let's go to our financial correspondent yens course in new york for more. we talked about this yesterday we

said we weren't sure how to look at the sell off on monday until we saw tuesday what happened here we are how should we look at this. well this was clearly a sea of red and that was unexpected that after the drop on monday we saw another almost $900.00 point drop in the dow jones industrial average off the chips gave up over a 1000 points on monday so at least by points those have been the 2 worst consecutive days in wall street history not in percent but by a point where we have more and more companies coming out with warnings in connection to the coronavirus credit card company master card for example we have the retail chain macy's saying that supply chains could get affected so clearly the economy will take a hit how strong we don't know but that it actually puts quite some pressure on

stock markets at this point. they as we've heard the president has asked congress to authorize $2500000000.00 to aid the coronavirus effort here in the u.s. would that actually help investors there well 2 and a half $1000000000.00 are not going to do the trick at all and overall why the white house at this point at least seems to be downplaying at least the economic effects of the virus we had an advisor to u.s. president donald trump an economic advisor saying as terrible as the virus is he does not believe that the economy will get really get hit hard to there's still hope that latest by summer the virus will be gone but certainly nobody knows for sure at this point all right you can score there for us in new york thank you and as the corona virus spreads more people are reaching for surgical masks as a 1st line of protection even though their effectiveness is limited now some asian

producers of those masks are banning their export they say they need the protective gear at home karl horan broxton has this report. check company respite on in part a no make surgical masks it supplies companies across the e.u. and even in north and south america restaurants corridors are now piled high with boxes since the cold 1000 outbreak business is booming demand has increased more than 10 fold but the company normally supplies china with the raw materials for its masks. so-called nano fiber membranes made in the czech republic they're then assembled at chinese sites. however china has now banned the export of surgical masks to europe. the supply chain is broken down. chief executive roman sima sees a bottleneck developing rapidly. to big. because we have.

china right now so. are using. insulin. or actually masks. all the pharmacies we checked up on while making this report said they'd already sold out of masks. stocks university hospital surgical masks are a way of life but it's generally accepted here that no mask offers 100 percent protection against a new coronavirus even if they can be helpful shortages or developing here as well . the. smaller hospitals in the area that we assist signalled last week that they can't get protective masks and face huge problems at the university hospital specialized supply are guaranteed that we'd have no problems for the next half year how they'll manage that i don't know. if they see it

differently. but across germany people are already wondering how to deal with the scarcity. when an emergency in a mosque may even have to be used twice and in the czech republic respite alone is working on getting a new type of mosque to market in the near future for that roma sima plans to relocate production and bring it back home. let's take a look at some of the other business stories making headlines. european union ministers have approved the framework for their post brags that trade negotiations with the u.k. they stipulate the e.u. standards should serve as the reference point for any future trade deal negotiations with the british who have agreed on their own mandate are due to begin next week. the driver of a tesla s.u.v. who died in a silicon valley crash 2 years ago was playing a video game on his smartphone at the time at a hearing the u.s.

national transportation safety board criticized tesla's lack of system safeguards apple engineer walter while died when his tesla swerved into a freeway barrier. and the world's 2 biggest democracies fail to strike a trade deal after a visit big on photo ops and low on real progress president donald trump put a positive spin on trade ties and held the cells the sale of billions of dollars of military equipment indian officials say both sides to both sides rather decided to continue working on an elusive trade pact. now that not a comprehensive trade agreement signing not yet at least the u.s. president put his name to the visitor book at the memorial to mahatma gandhi in new delhi before being presented with a bust of the much revered independence leader however that was not the only place where donald trump left his presidential mock. i know prime minister modi will agree that this has been a very productive visit for both of our countries earlier today we expanded our

defense cooperation with agreements for india to purchase more than $3000000000.00 of advanced american military equipment including apache and m.h. 60 romeo helicopters the finest in the world there was also a deal between us and big hits to exxon mobil and the indian government that will see the americans improve india's energy distribution network it'll mean the u.s. can sell even more of its soil and gas to the subcontinent after that closely watched comprehensive trade deal president trump says there's been tremendous progress but they're not shaking on it just yet. the corporations around the world are being measured by their green credentials engineering group siemens recently suffered a p.r. disaster over its involvement in a coal mine now the world's largest carmaker folks wagon has pledged to hire a climate activists c.e.o. have a diesel the financial times the individual will be able to scrutinize the company's

environmental policies the pledge comes as the volkswagen group pumps over 30000000000 euros into battery powered cars and aims to sell a 1000000 emissions free vehicles in the next 3 years the climate activists have criticized the automaker for continuing to sell gas guzzling s.u.v.s and also for its slow transition from combustion engine production. and that's it for me and the business team here in berlin i'm stephen beardsley as always thanks for watching.

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in particular. i like to see some of the kids find. the books on you tube. this is. coming up on the program sterilized without consent thousands of hiv was there pregnant women south africa where forcibly sterilized girls human rights violation finds a new report. on the joining me in the studio when filmmakers from nigeria whose movie for me as others but is not a part of the welds top film festival.