we're using too much water and moving. water using life. we may think our water supplies will last forever. but. when the rains. starts march 20th on g.w. . markets in asia and europe are leveling out on monday off to last week's coronavirus shocks a central banks scramble to mitigate the effects but the worst is far from over as many repercussions along global supply chain will have a time delay. past germany and acts a new law to attract more skilled workers from outside the e.u.

labor unions in africa are warning of a brain drain to europe. this is the w business model 1st in berlin welcome asian markets mostly steady on monday after the corona virus outbreak triggered the worst week of losses since the 2008 financial crisis last week's rout was reversed slightly as bargain by as moves in an investor's bet on interest rate cuts shanghai lead the pack gaining 3 percent japan rebounded from opening losses after the central bank said it would provide support the region's gains came despite chinese industry data which showed manufacturing fell in february to its lowest level on record. oh many countries are now trying to mitigate the effects of the virus on their economies but currently its many supplies are in china so there are only limited options of what governments and central banks can do. so far the german economy appears to be running fairly smoothly despite the coronavirus but that could soon change become

a cause the struggling to sell vehicles in china supply chains are flagging and travel agents are also a feeling the pinch. the government has promised to help 1st struggling businesses . but we're working closely with the affected companies in germany these are mainly those which import from china manufacturers which rely on supply parts we've set up a hotline and we also have ways to provide them with financial support and. should serious up he will set in officials have signalled that the government would be prepared to provide a broad economic stimulus package measures like tax cuts or short term compensation for workers affected companies already under consideration the italian government is also determined to come to the aid of its economy and is planning to sign off on 3600000000 euros in emergency aid to sectors affected by the virus but to do this

it needs the consent of the e.u. commission that's because italy already has a high fiscal deficit on wednesday finance ministers from the e.u. and the g 7 countries will hold a telephone conference to discuss further measures to support the global economy. this is chief economist. and joins us from frankfurt cost is government help actually really needed right now. why you can't. see if you have china chain disruption then some companies will really suffer and risk becoming liquidity shortages because they don't earn the revenues that they actually need to revenues that they might need for their own credit so here this is something where government or sandra banks can really weigh in the other thing

is that it's not only supply chain problem but also demand side problem and. i'm less optimistic that to have broad tax measures or tax reductions can head but again targeted measures of industry set that are suffering for a temporary period this is something i can very well imagine like. mentioned compensation for work schemes for example many of many a betting on the interest rate drops is that on the horizon things. well. in the u.s. that might make sense a year we still have positive rates. low rates stephanie you could have the tools to prop up the demand for europe i am left less convinced i think we need to more targeted measures over here that ensure that the liquidity for banks that is.

like swap swap agreements between sanford banks would be important on targeted measures for aiding industries but do you see this coronavirus crisis going in in the short time. well i guess we have to be prepared for everything that's a lecture of last week where we were not really. prepared that the virus is breaking out in lots of countries outside of of china so. we have to be able to. get to stomach a lot of bad news of awnings as we have fallen from apple it will come for many many industries are many many countries and still business cycle indicators as we just received from china where this is also something that we have to digest in europe and other countries because newton's cheve the economist off as often as i

was in buying from frankfurt thank you. there is an increasing shortage of vital drugs around the world even in germany with its advanced health system a growing number of patients now needs to wait for critical drugs that used to be readily available and the coronavirus epidemic is said to make things much worse it's down to an intricate system of supply chains many international drug companies rely heavily on chinese supplies. this should be where an antidepressant is stored but the drug is currently not available from this pharmaceutical wholesaler in germany supplies have dried up and said it can't be delivered to pharmacies around 300 medicines are unavailable all scarce in germany including this vaccine and the spread of the corona virus could make things even worse. the potential problem with the virus in my opinion at least is that many products and

active ingredients are manufactured in asia. if the corona virus becomes a pandemic or i imagine we'll see more of a squeeze on pharmaceutical supplies then we already have. many drugs used in europe and the world as a whole made in india site tech pharma is one of the country's leading manufacturer is. low wages have made india an attractive hub for the production of medicines. however not all a profitable to produce. with. the active ingredients can be very expensive but government policy demands the prices of finished products stay low. this discrepancy is causing problems for the indian pharma industry sometimes a particular drug simply becomes too expensive to make forcing some producers to

close shop. the outbreak of the corona virus could dramatically reduce the number of medications india can produce that's because most of the active ingredients for drugs come from china. are going to. stops exporting these raw materials to india and 90 percent of india's pharmaceutical companies could close down some patients could even die as a result. wholesalers such as found that people say they try to build up stops when drugs are available in larger quantities it helps them deal with supply shortages. there aren't usually any advanced warnings about supply shortages so there is political pressure on wholesalers to increase their stocks if i knew exactly what i should stock up on i'd be happy to do it but i don't want to take on a lot of risk after all medications are perishable goods. so many

wholesalers are also keen to avoid the cost of additional storage space with coronavirus continuing to sprint it could become hard to keep pharmaceutical supply chains running. germany is opening its job market is kills workers from abroad the skill labor immigration act comes into effect on monday to make it easier for companies to find suitable recruits especially from non e.u. countries for a variety of jobs but actually in sectors where there are not enough applicants from within germany there are currently 40 professions with an acute lack of qualified workers in the most affected sectors is health care germany's rapidly aging society finds itself confronted with an acute lack of nurses and carers for the elderly with more than 100000 positions unfilled similar gaps in many skilled trades to germany desperately needs more electricians plumbers and qualified

construction workers africans should nonetheless be aware that the process of moving to germany for work may not be as easy as it sounds formal qualifications are key here proper professional training is essential for anyone wanting to lead gas pipes or work in the medical profession and german language skills are usually a basic requirement especially in the thousands of small to medium sized firms all across the country that form the backbone of germany's economy. these 2 specialists from abroad are working at an air conditioning firm called s.t. and pottstown near berlin so each year efforts from syria while nico barnett comes from poland they have the opportunity to meet economy minister peter altmire who's just overseen a new law which should make immigration for skilled workers from non e.u. countries much easier in future above all it will streamline the process. make sure the visa application process is faster and that the process of

recognising qualifications speeds up so people can actually work here. technicians employed in the heating and air conditioning sector a good example they belong to the so-called bottleneck professions where there's a major shortage all over germany including at this company if i could hire 10 people with these qualifications straight away we operate different areas in this company and each department could easily take 3 people. the new immigration law offers a ray of hope to make sure it has maximum impact germany is pushing the message as hard as it can especially in countries where it is already proven successful. if you have taken vietnam a lot of overseas workers in the former east germany in the 1000 agents came from there and there's lots of links to the boat people refugees who came to west germany in the seventy's are countries in latin america like mexico or brazil and. the brushes rise it makes you caught up was the union ok well they are from now on

if they have the qualifications and can speak german workers can come to germany for 6 months to look for work that doesn't mean increased competition for trainees already here the demand for skilled workers a so great job enough jobs for all of them in germany for the forseeable future. for me and the whole business team here in. business news features a background story. slash business also follow us on social media we're on facebook and twitter well stories is off next so states you are coming up right after this quick look at global markets at this hour thanks for watching.

where i come from we have to fight for a free press and was born and raised in a military dictatorship with just one t.v. shadow and if you are his favorites when official information as attorneys i have worked on the streets of many can trust and that all those are almost the same or

do social inequality a lack of the freedom of the press and. we can afford to stay silent when it comes to the defense of humans and see the right to fools who have decided to put their trust in us. my name is jenny harrison i work. on this edition of the world stories. europe rescue in the mediterranean. russia mothers fight political persecution. but we start out in germany after the rightwing racist murders in one hour the city is struggling to come to terms with

what happened at the same time they fear a new attacks. it was meant to be a quiet evening with friends in the favorites. but the enemy it turned into a night of horror shows although i was there really early maybe 60 half past 6 we just wanted to smoke a pipe and then go home but another friend came along and suggested we started to watch a champions league match at half time the door to the cuff i opened and the shooting began. after a few minutes the gunman left and hena turned to his friend said at which. i tried to leave. i tapped him 2 or 3 times and said sid that let's go then i looked up and saw the blood coming out of his head and is.