let's do business as companies around the world count the cost of the coronavirus china is reporting a rise in u. cases they sell warning of the risk of a rebound it comes just after beijing announced a gradual return to normal production following widespread factory shutdowns and quarantine measures container ports are starting to loosen a huge backlog of cargo and the chinese central bank says it will ensure ample liquidity to get through this the shopping district of 11 month into the coronavirus crisis some of these shops will probably be out of business for good experts believe that many of china's small and medium sized businesses won't survive the corona epidemic. it's a heavy blow for around 80 percent of chinese workers who depend on such companies for employment let me know how far into. father the government is taking action in the hopes of saving those jobs each year by

a prime. the state council's executive meeting has decided on a temporary extension of loan repayments on raising preferential loans. good arrangements have also been made to increase support for home based companies. should you. and i do hobble for with small and medium sized firms as well as own businesses in who won't have to pay employers contributions for social benefits from now through june taxes electricity and gas rates have been lowered the state is also likely to help pay many workers salaries those infected with the coronavirus or under official quarantine have so far continued to receive their pay that's an item that small businesses in particular cannot afford for a long. we type a correspondence if business really is returning to knoll. well the government's figure would tell you that overs 70 percent of the production has been restarted by

those big companies small business reported that only 30 percent of them at work and they are the majority of the employment in china some of them told me that the process of returning to normal operation has been very difficult because they cannot meet the virus prevention standards local governments but they do expect full production in april and almost all workers returning to work in march the only problem they have right now is that they have to manage to survive before that any progress outbreak could hit the australian economy hard the country depends heavily on china to buy its coal and other resources but factory stoppages in china have led to a drop in demand for raw materials many hotels in australia are feeling the pinch to talk rotavirus related travel ban over a 1000000 chinese tourists took a trip down on the last year's spending almost $15000000000.00 and thousands of chinese students live in australia make

a big contribution to the economy. the effect of coronavirus on the global economy has been significant in the short term in china it's devastated small businesses european companies based in china are hurting german firms are monthly based in china's major cities with nearly half in shanghai but a significant number of elsewhere including who bay the at the center of the right german companies largely work in manufacturing automotives the medical sector adding consulting services according to the german and european chambers of commerce 90 percent of businesses say they talked to a seriously impacted and they were just in there focused a quarter of companies expect a 20 percent drop in revenues for the 1st half of the year approach long period of inactivity to cause permanent damage. well they may not like to say it but for some businesses they operate is undoubtedly an opportunity the rising number of cases is driving the demand for a range of products disinfectant makers are among those whose businesses grow as

the virus spreads. and so on and shoes covered cleanliness is taken seriously at traditional than in company liason form because hygiene is what their business is all about. if you put it through and have parties for production has practically doubled since we've introduced a 2nd shift that's not how we normally operate this is where we do our production for germany and abroad and there are a lot of inquiries coming in from both so they need to be served. by making the most of the sudden global demand isn't straightforward producing twice as much disinfectant as usual is a challenge word current his technical manager on an inspection tour to check all is running smoothly 1st stop the lab. to shut it looking down the barrel of you think you need to shake that quarter of an hour. before it goes into mass

production each batch has to be carefully checked the analysis done now it's time to see if this disinfectant the hospitals can be mass produced. the dishes don't depression the generosity and consistency are correct the tardiness is good in the active substances or all at standard so this minor can be approved and battled. next stop the production line $100.00 bottles of disinfectant are filled every hour this was an order from georgia to keep up with demand all $100.00 of the company's employees have to work and even take on extra shifts any mistakes can mean costly production delays that there's an upside down bottle in there. despite the pace errors need to be kept to a minimum. but eventually the bottle is quickly removed. and things are running smoothly once again. next on the inspection tour is the wrong materials store they need to be sure they've got enough in stock. publisher to. working at full speed

now we should be able to fill the warehouses over the next few weeks and keep the war materials stocked current on the image. we should be able to react very quickly when the inquiries come in and if the corona virus spreads further in germany. lice of form has been. disinfectants and lin for 120 years and says it remains ready for action when deadly viruses strike. chinese right hailing giant diddy juicing says it's installing once $200.00 clear plastic sheets inside its driver's cars each day to seal off passengers and trying to stop the spread of coronavirus in beijing the company also supplies drivers with plastic gloves face masks and other protective gear passengers were initially put off by the measures but experts say the protective shade helps prevent the spread of droplets from coughing and sneezing proto virus has killed close to 3000 people in china. and i

did say this was going to happen when the virus 1st broke out it's claimed an unlikely victim or the world's most popular bits some people have been confusing the mexican big corojo with the new disease there's been a huge increase in online searches for the terms corona beer and virus according to data from you gov the so-called purchase intent among adults in the u.s. has plunged to its lowest in 2 years the damage has worsened in recent days as infection spread of corona brewer consolations brands dived 8 percent is we can you go. list spread of the virus across europe is hitting the tourism sector the number of chinese tourists has already been dwindling for weeks now with local cases of the virus also on the rise in italy spain and germany more governments are considering dates heavy stimulus packages. the eiffel tower 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 louis vuitton store on the city easy but not today the economic effects of the coronavirus can be felt in this duty free shop as well. suspects but if you know them prison this is bad 60 percent of our customers come from china that means 60 percent as business doesn't want 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 austral. as it stands right now the stability and growth pattern. contains clauses for flexibility. that should cause dance it's not only their link 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. 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. and in other news german drugs and chemicals joined by a has reported surging profits it said net profit led to last year's worth of 4000000000 euros the result beats analysts expectations buyers still in tangled in

a wave of lawsuits over the we kill or brown acquired by the takeover of monsanto one of the architects of this multi-billion dollar deal has now said he'll step down. there was much excitement among shareholders it by a when it shook hands on the 63000000000 dollar deal to buy monsanto these latest profit figures show why the pesticide maker could have been a great acquisition but the 10s of thousands of legal claims over monsanto's weed killer roundup look likely to wipe out a huge chunk of the benefit over the coming years some analysts estimate payouts allegations the project causes cancer could reach up to 20 $1000000000.00 what in aug 28th ina california jury awarded almost $300000000.00 in damages to a groundskeeper in the 1st round of lawsuit the amount was later reduced but juries have found by liable into other cases the company denies the allegations and is appealing against all 3 rulings it insists the weed killer is safe fighting the

costly lawsuits has weighed on the value of buyer shares though since the acquisition of monsanto in june $28000.00 the stock price dropped significantly and a struggle to recover shareholders have criticised the company's executives saying they underestimated the risk when buying monsanto. but the huge surge in profits for 2019 just announced shows that those risks might have been worth taking. i think this is worth it.

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. this is the that we use life from the head of the world health organization says we are at a decisive point in the 5 because coronavirus. this is not a time for. a time for taking action now to prevent. and save lives now is the number of new infections saul's governments are taking increasingly drastic action to prevent a. pathogen.