from around the world as well as push notifications for any breaking news and if you are part of a news story you can also use it to w up to send us photos and videos of what's happening you're watching news from c.n.n. stephen bandstands up next with your business and i'll be back with the headlines at the top of the hour thanks for watching. today don't miss our highlights. program. w dot com highlights. carefully. choose to do good.

discover. subscribe to the documentary on. the. market losses continue as fears balanced over the coronavirus wall street suffers a 6 day of sell offs with more businesses curbing their operations and lowering earnings forecast will bring you up to speed. also on the show china is trying to get business back up and running with krone case members still rising it has

a ways to go. and the u.k. puts on its poker face for next week's trade negotiations with the e.u. brussels call it a bluff. this is your. business report i'm stephen beard is in berlin thanks for joining us u.s. markets fell for the 6th straight day on thursday as major companies continue to curve their operations and slash earnings projections as a result of the spreading coronavirus best p. $500.00 tech heavy nasdaq index is each lost more than 4 percent crude oil prices continued slide falling more than 2 percent to $52.00 a barrel analysts at goldman sachs have even projected the u.s. businesses could see no earnings growth in 2020 if the virus continues to spread. and let's go to our financial correspondent in new york yes quarter for more on this yes we've been talking about these losses for a few days now they seem to be getting worse can you put this in perspective for us how big are these losses it's quite massive what we're seeing into especially in

the last hour of trading here we saw pressure even increasing chips and losing almost 1200 points down by almost 4 and a half percent and this week alone so far we lost more than 3000 points in the dow jones industrial average we haven't seen such a week since the financial crisis of 2008 to almost every day on almost every day we get more and more companies lowering their forecast through the corona virus then for the 1st time so far some investors are even talking about panic setting in here on wall street. panic potentially setting and i'm guessing that means that a floor to this is not visible yet. well it's possible every time that we might see a little rebound after those heavy losses but a lot of the questions will not be answered any time soon the best would be if we

would find a cure against the corona virus if that's going to happen nobody can tell at this point and you mentioned the prognosis from goldman sachs that there won't be any profit growth for the s. and p. $500.00 companies this year i'm not quite sure. if it really makes sense to come out with such programs as that this point but what will matter is if the consumer actually is going to keep spending money the u.s. is a country that does not live from trade but mostly from consumption as all that will be one of the keys if we can stop the bleeding here on wall street. all right yes quarter keeping an eye on things in new york for us thank you. china is meanwhile reporting a rise in new cases of the coronavirus and that puts a damper on talks of a gradual return to business as usual factory shutdowns have been widespread quarantine measures but some are reopening and container ports are starting to

loosen a huge backlog of cargo the shopping district of 101 month into the coronavirus crisis some of the 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 the meaning of how far into. fatah the government is taking action in the hopes of saving those jumps each year paid prime. the state councils executive meeting has decided on a temporary extension of loan repayments and on raising preferential loans. good arrangements have also been made to increase support for home based companies. should you choose. to hobble for with a small and medium sized firms as well as own businesses in who bait won't have to

pay employees contributions for social benefits from now through june taxes electricity and gas rates have been lowered the state is also unlikely to help pay many workers salaries those infected with the coronavirus or under official quarantine and so far continue to receive their pay that's an item that small businesses in particular cannot afford for a long. and let's go back to europe now where britain and the e.u. are putting on their poker faces with post brags that trade negotiations set to begin next week here's a look at both sides stances now the e.u. is offering a comprehensive free trade agreement with 0 tariffs and 0 trade quotas but brussels has set some conditions on agreements 1st among them that british companies comply with the e.u. standards on occupational safety or environment for example the u.k. rejects that very premises with london saying it left the e.u. to escape such regulations there's also a big dispute over this fish the e.u.

wants to maintain its fishing quotas and british waters the u.k. on the other hand wants to decide for itself who is allowed to fish in its waters but brussels says access to the e.u. financial market which is critical for london's big financial firm. we're only be open to britain if all other issues are resolved 1st the u.k. wants unrestricted access to the continents and it also wants that each element of a deal in a go she did separately from the others because it's better to have no deal than to compromise that's the message coming out of london at the end of the transition period on the 31st of december the united kingdom will fully recover its economic and political independence we want the best possible trading relationship with the e.u. but in pursuit of a deal we will not trade away our sovereignty sovereignty britain wants to make decisions without being forced to abide by e.u. regulations one of the main arguments of bragg's its supporters but brussels

insists that there will only be a free trade agreement if britain continues to comply with european standards in the future we want competition to defeat europe but most to be fair fair and treat free and fair the e.u. is demanding that worker protection environmental regulations and tax planning meet e.u. standards british prime minister boris johnson says that's absurd the whole objective of doing what we're doing is the u.k. can do things differently and better well we're not going to engage in some race to the bottom we can maintain the very highest standards we want is you know mutual recognition of each other's high standards and access to each other's markets. if there's no agreement by june britain is threatening to cancel on the go she asians and brussels has also signaled that it's prepared if the 2 sides failed

to seal the deal. now to some of the other business stories making headlines. air france says it's cutting 1500 jobs mostly ground staff by late 2022 the carrier is also slashing costs to offset the impact of the corona virus outbreak air france is one of many airlines that have suspended flights to china. a u.k. court has blocked plans for a 3rd runway at london's heathrow airport as a landmark fix for environmental campaigners ruling could sink the $18000000000.00 project which aims to make europe's busiest airport even bigger the court said the plan didn't take into account the paris agreement on climate change. chinese telecoms giant huawei is planning to build its 1st european 5 g. manufacturing plant in france the world's biggest maker of telecoms here wants to soothe fears that beijing could use its equipment for spying while way chairman

young quasi said the mobile base station plans will create $500.00 jobs. and after link the process to find the right suit or germany's ailing steel and industrial giant to send troops as finally sold its profitable elevator division for $1000000000.00 the buyer is an investment consortium led by advents and sin vin and the op with davi investment authority. now urban farms are sprouting up across major cities around the world they found a clever neech supplying sustainability minded restaurants while highlighting efficient ultra compact farming techniques entrepreneurs in brussels now have their own take on the idea there are growing mushrooms using grain from the country's famous breweries. a belgian beer in mushroom form. on the right side you have an army corps production urban farming entrepreneurs in brussels growing fungus in the city center in a film

a slaughterhouse. orange and also very gloomy so use it in these are so purchased a nice press preparation so many so they were already sustainably growing micro greens and had heard a rumor. we had heard that spend grain from beer could be used as to grow mushrooms but we didn't know if it was really true or if it was just something that worked a bit so we tried 1st in small quantities then bigger and bigger and then we found out that it worked really well actually used grain from belgium's famous breweries is a nutritious basis from which to grow mushrooms the grain would otherwise go to waste . the company shop in your to brew sell supplies local shops and restaurants by bike it's an example of a locally connected sustainable urban business. and speaking of beers the

coronavirus appears to be hurting one of the world's most popular beers some people are confusing the mexican beer corona with a new disease there's been a massive increase in online searches for the terms corona beer and virus according to data from you gov the so-called purchase intent for the beer of young adults in the u.s. has plunged to its lowest in 2 years the damage has worsened in recent days as infections spread shares of corona brewer consolation brands over 8 percent this week in new york. and that's it for me and the business team here in berlin as always we wish you a good evening and thank you for watching. tonight

run dry. no. water is very big business and it's getting worse gas. what do we have to do not to end up high and dry. do we have to rethink the wars the industry. made in germany.

next to w. egocentric of. the south african same club better environment. 2 men are taking on a new approach to waste recycling players garbage was polluting their community but nowadays to do all have become recycling experts and their planning of the great future of. folks. the 1st. 60 minutes on d w. i think is everything challenging 1st on how to make a muslim. school much different culture between here and there still challenging

for him to. lead. to some of the same i think it was worth it for me to come to germany. got my license to work as a swimming instructor. and now our 2 children $100.00 anstice one of the toughest. what's your story take part charity on info migrants dot next. to me. the world's most important resource a given for many regions but experts warn 2 thirds of the global population could face water shortages in the next 5 years like so often in life you only notice

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