suggests that what we call normal life is just one possibility among many. of. the roads not taken we have you stay on this road with g.w. news me coronavirus it is dealing a big blow to economies across europe tourism industry that story and more is up next with stephen beard and indeed a new business to go around for that to be right that. eco india. how can a country's economy grow in harmony 6 people and violent when there are doers look at the bigger picture india a country that faces many challenges and whose people are striving to create a sustainable future clever projects from europe and india.

d.w. . what secrets lie behind the swamps. discover new adventures in 360 degree. and explore fascinating world heritage sites. t.w. world heritage $360.00 get the map now. could a spreading coronavirus force the e.u. to ditch its budget rules with case numbers growing in italy germany and spain board member states are considering taking on board debt to drive the fight against the disease. also on the show buyers says its chairman is stepping down early as the company continues to wrangle with tens of thousands of lawsuits over the we kill a round up. and cash strapped cuba begin selling used cars if only average cubans

could afford them. this is your business report i'm stephen beard's in berlin it's good to have you with us taurus numbers are down and concerns are rising across europe the spread of the coronavirus is already hitting economies across the continent many of them dependent on chinese tourists who haven't been coming for weeks now with local cases of the virus also on the rise in italy spain and germany for example more governments are considering debt heavy stimulus packages a top official has now signaled approval. hour is a must for tourists visiting paris afterwards they might go on a shopping spree normally there's a long line in front of the louisville store on the show i'm so busy but not today the economic effects of the coronavirus can be felt in this duty free shop as well . and you know business is bad 60 percent of our customers come from china that means 60 percent less business some one brussels made no

prognosis on wednesday about how strongly the e.u. economy will be affected by the coronavirus outbreak of g.d.p. but in many e.u. countries people are talking about economic stimulus packages the e.u.'s konami's affairs commissioner made it clear there could be exceptions in the e.u.'s otherwise strictly regulated debt policies and last. as it stands right now the stability and growth pattern. contains clauses for flexibility. that should cause. they're linked to exceptional circumstances. in the coming months we'll talk with our member states about the conditions under which these exceptional circumstances can go into effect will give you. the stability and growth pact could help italy in its time of need. it's one of the

most heavily indebted countries in the e.u. that's why brussels has imposed austerity measures on rome italy is also the e.u. country most affected by the corona virus outbreak and it's not just the tourism branch it's affecting the industrial center of the country lumber 30 entire towns have been cordoned off companies are counseling work related travel and many are now working from their homes. let's go to new york now and talk with our financial correspondent there yes korda yes wall street was pretty unsettled by the krona virus on monday and tuesday is there any better news for the markets today wednesday. well there was an extremely wild trading session here on wall street at some point it did look like quite a comeback kid blue chips up by more than 460 points or about 11 and a half percent but then all of a sudden the market started to drop and by the end of the day blue chips traded to

the downside by a good $120.00 points and dropping below the crucial 20000 point mark because of those wild swings actually automated computer systems might have played a role but overall the story is that most investors on wall street are convinced that earnings of big u.s. corporations will suffer due to the coronavirus and that we actually might see in other year of pretty much flat earnings growth here in the united states and we also did see pressure once again on the price of oil and therefore we saw some of the big oil companies being among the biggest losers so no real come back here on wall street yet the heat on wall street is still on or a court of there for us in new york thank you and let's take a look now at some of the other business stories making headlines. french luxury goods maker have as bags record results last year thanks to soaring demand and asia

the coronavirus saw 11 stores closed 7 of which are now back open ham is says it's still too early to assess the potential impact of earnings this year. air france kaylin calls the coronavirus impact on the airline industry brutal its dutch carrier cayle and is making budget cuts due to a slowdown in business it's cutting back on hiring new staff and external consultants delaying new i.t. projects and office real refurbishment plans and significantly significantly reducing travel expenses. for the german airline is also feeling the pinch it announced recruitment freeze its cutting costs up their flights to mainland china and hong kong were put on hold due to the outbreak of tonnes of shares have suffered over the past week falling by 14 percent. apple chief executive tim cook said the company will open its 1st physical retail store in india in 2021 speaking at the company's annual shareholder meeting cook said apple would start selling its

products online in india this year and will open its 1st apple store there next year u.s. president donald trump visited india this week now another company grappling with the growing impact of the coronaviruses french car giant p.s.a. peugeot citroen in the firm actually defied a sales drop to report record profits for 2019 head of its merger with chrysler that thanks mostly to rising sales of prize your s.u.v.s but the company racked up major losses in china and it was forced to stop production at its plant in china's woo han which is the epicenter of the corona virus outbreak. a buyer has announced that its chairman vanna venting is stepping down from his post at the german drug and chemical giant 2 years earlier than expected the company's due to present its annual report for 21000 on wednesday where the focus will be on its legal conundrums over the we kill a round up and its progress in reaching

a settlement that's an effort in which spending was closely involved. then a vending scene here on the right was chairman of the board during the company's acquisition of u.s. seed and farm chemical company monsanto in 2018 but the $63000000000.00 takeover turned into a problem due to exposure to legal troubles involving the weed killer roundup. users have filed thousands of lawsuits in u.s. courts alleging that the active ingredient in the herbicide glyphosate causes cancer in august 28th seen a california jury awarded almost $300000000.00 in damages to a groundskeeper in the 1st round up lawsuit the amount was later reduced but juries of found buyer liable in 2 other cases buyer denies the allegations and is appealing all 3 cases the company says the weed killer is safe fighting the costly lawsuits has weighed on the value of buyer shares since the acquisition of monsanto

in june 28th seen the share price has fallen sharply though it has recovered some of the losses in recent months shareholders have criticized the company's executives for underestimating the risks when it bought monsanto last month the german business daily hundreds but reported that buyer was considering stopping retail sales of life was saved well continuing to serve farmers. over lot america now where cash strapped cuba desperately needs foreign currency the government has now ordered that some highly desirable products like cars can only be sold in u.s. dollars at one secondhand dealer in a van or. a typical cuban vintage car the tourists love them but they're not exactly practical many cubans dream of owning something a bit more up to date hence the long queues of the 1st cars for dollars sale this man is one of the lucky ones. to put. the price was still

a bit high. but never mind you just do your best to get your family around maybe. the prices are indeed somewhat steep this toyota exchange hands for $80000.00 twice what it would have cost in the us. but if i want to pay that much for a car no way. and we hope that the government has a rethink and starts lowering prices. just one in 20 cubans owns a car most people here have barely enough money to survive and so as long as the prices for used cars remain so high most will simply have to hang on a while longer. well it's the end of an era disney's long serving c.e.o. has stepped down bob iger lead disney in its takeover of 21st century fox and its recent launch of streaming service disney plus he has the keys to the magic kingdom

to another long time company insider. his resignation surprised many disney c.e.o. bob iger long time head of the multi 1000000000 euro and iconic entertainment empire . he oversaw some huge acquisitions over 15 years as c.e.o. 21st century fox pixar and the star wars studio lucas film and more recently launched a netflix or. feeling streaming service disney plus. under last year's top 5 blockbusters were all disney movies and the box office record was also set by disney disney plus its streaming service already has $28000000.00 sign ups widely seen as a successful start business is booming despite several parks being shut in east asia g 2 coronavirus fear is hurting disney stock prices in the short term as a result. his success is the reason for a change according to now is

a good time to make the hand of another longtime disney insider. nearly urged by the well this weekend host the world's richest horse race the saudi cup which has a purse of $20000000.00 now the race takes place at the king abdul aziz racetrack and is expected to attract up to $10000.00 spectators gambling is illegal in saudi arabia but the country is keen to learn. the winner of the cup trots off with a cool $10000000.00. thanks for watching.

these civil heroes are an incredibly caring. fire fighting here it is a bit unusual. forest fires have been increasing in the past years in portugal and so locals are turning to goats and cows to graze firebreaks their owners think their livestock could help solve a huge problem so how helpful are these 4 legged firefighters in the world.

in 60 minutes d w. passive drama competition live marketing numbers happens here fight and childish love hate money. fans crimes pirates and. to golf on youtube joining us. to go beyond. that live. as we take on the world. all of the stories that matter to you. what ever is.

made for minds in literature invites us to see people in particular that i like to see as the kids find the strings growing up her. books on youtube. this is due to every news africa coming up in the next 15 minutes a big european delegation to africa to ease the new commission president has already said she once equal partnership with a neighboring continent we've heard that before what's different this time. and these baby. gifts but when they grow wings for middle swarms and kenya people are trying to kill them before that happens.