this should be nice to be. discovered. subscribe to the documentary on you tube. look or all of viruses keep spreading and central banks are beginning to fight financial contagion reserve bank of australia becomes the 1st central bank to interest rates will the fed and the e.c.b. follow suit. the geneva motor show becomes the 1st big business casualty of the coronavirus one of the biggest shows in the world is council. supply chain problems

due to the virus making drugs the scats commodity at a time when they need it most. places to business. the corona virus outbreak continues to dominate business headlines around the globe after wall street made gains to correct last week's slump asian markets followed suit continuing their recovery on tuesday all prices also extended their rebound as policymakers and central bankers indicated that willingness to ease the economic fallout australia's reserve bank is the 1st central bank to react slashing interest rates to a record low by $25.00 basis points to 0.5 percent the outbreak is plunging the world economy into its worst downturn since the global financial crisis more than 10 years ago pressure is growing on the governments and central banks to fight back to avoid an even steep a slump investors are now. waiting for

a conference call by group of 7 leaders later on tuesday let's go straight to our financial correspondent. who is in frankfurt for us watching the markets and of course the european central bank week australia's reserve bank becomes the 1st major central bank to provide stimulus to vaccinate the australian economy will it work and to what degree kind of work well it can work and that it mitigates the fall out from the coronavirus after the scare is over and when the when the companies basically are operating again there will be companies that have had extreme troubles maybe even facing bankruptcy and providing the kind of cash liquidity the financial people say that to keep these firms afloat then it can do something for the economy and also it is calming the financial markets by doing this which is also a step forward in propping up the economy because slides in financial markets often

harm the real economy out there what it's not going to do is help the companies to address the direct problems of coronaviruses is a supply problem not a demand problem the companies don't need cheaper money to buy stuff they need stuff they can buy that gets delivered but the supply chain is disrupted so can we expect similar moves on the fed all these e the. yes the fed chairman jerome powell basically has promised as much that the fed is ready to act the japanese central bank chief has said so and here in europe at the e.c.b. behind me here you can see the building christine legarde the new president said that the e.c.b. is ready to take appropriate and targeted action and you mentioned the conference call of g 7 while the central bank chiefs will be integrated into the policy making there and because the central bank chiefs of indicated just were ready to act and it's almost impossible to me for them then to sit on their hands and say well we

said something but we're not going to do anything after anyways it's calmed the market so far if they withdrew if they didn't do anything that would really send markets and perhaps also the economy into turmoil when the bonds in frankfurt thank you for this analysis. factoring firms with complex supply chains are among the most vulnerable to the coronavirus just a car makers are the most important regions for car companies in china is who bay province 10 percent of the country's comic capacity is based that international carmakers like general motors persia and rhino have all plants that bad who is also the center of the virus outbreak the virus doesn't even need to spread to a comic is factory all it takes is one big supplier being knocked out for production to shut down entirely germany could stand to suffer its economy is highly dependent on the production of cars trucks and tractors the goals and parts

make up nearly 30 percent of the country's net exports comic is therefore will and therefore the economy will take a big hit if the virus spreads rapidly here and we stay the sector the geneva motor show has been canceled because of the coronavirus epidemic and international carmakers turned to the internet instead to present the new models you know as mint came out of the swiss government banned all gatherings of more than 1000 people forcing the show's organizers to keep the gates locked. an award ceremony is taking place but hardly anyone is watching at the venue at least that persia 208 was named car of the year here in geneva without a live audience the happy prize winners do their best by video conference to make up for the lack of attendees but somehow it's not the same. it's great to be here definitely even it's a bit awkward that the prospects for building is almost empty the events hosts had

no choice. this decision was made in response to the coverage 19 a pretty break which is raging in so many countries around the world and now also in switzerland. there are succumb c.c. is entirely beyond our control. the geneva motor show was eager to shore up the diminishing importance of auto shows electric cars in particular were meant to draw the crowds but the convention halls are empty thanks to the coronavirus instead carmakers will be presenting their latest models on the internet starting to state . the crowbars is already starting to hit germany's car industry ads b.m.w.'s research and development facility in munich authorities of khan timed 150 workers or been in contact with a member of staff who tested positive for the virus the company sent the workers

home for 2 weeks. africa is becoming better equipped to deal with the corona virus with $24.00 countries now able to test for the ill this is a big increase compare compared to the beginning of last month when only 2 african nations were equipped to test. instructed airlines to stop selling tickets to nationals of 35 countries to prevent the spread of people in the lives of the new britain china japan the u.s. and iran the civil aviation agency warns passengers from those countries would be turned away. with traveling discouraged by more and more health authorities the airline industry is obviously one of the 1st sectors to suffer british airways has become the latest airline to cancel flights to several european and u.s. destinations over concerns about the coronavirus the decision comes as allan representatives warn the outbreak could cost the industry as much as 30000000000 dollars this year. planes are taking off half empty airports are

deserted as new coronavirus cases spread around the world the costs are piling up for the global airline industry carriers have reported that up to half of passengers aren't showing up for flights. i've booked. my own more than 50 people in the whole plane this was the 1st time the plane was empty fears over the spread of the flu like fire and government imposed travel restrictions have left many has a tent airlines have been forced to cancel thousands of flights to china iran south korea and other areas hit by the outbreak the world has gone through a worse situation is than the coronavirus and have managed it very well and we hope that every step that is being taken you know by people themselves. but. by government actually help manage the situation but the need to limit damage goes far

beyond the airline industry the new coronavirus is forcing some major tourist attractions to close their doors and businesses to shut down the risk to the global economy is becoming more apparent the world trade organization describes the likely m. pact as substantial leaders around the world are still getting to grips with what that will mean for their regions on monday the o.e.c.d. said the outbreak is likely to leave the world's finances and poor health than previously thought it's now expecting the global economy to shrink this quarter and has lowered its growth forecast for 2020 saying it could be as little as 1.5 per cent. i was saying on the topic and specifically the impact on one of factory pharmacists in europe are reporting drug shortages as a result of coronavirus many international drug companies rely on chinese supplies

in the operations interrupted as a result of the outbreak. 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 so 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 foam the people say they try to build up stocks when drugs are available in larger quantities it helps them deal with supply shortages. than is the person and there aren't usually any advanced warnings about supply shortages so there is a 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 or groomsman put up there are. many wholesalers they're all seeking to avoid the cost of additional storage space with coronavirus continuing to sprint it could become hard to keep pharmaceutical supply chains running the 1st. thoughts and culture.

they were forced into a nameless mass. of. their bodies. of the slave trade is africa's history. in tucson. power and traffic

plummeted and entire concepts into chaos and violence. this is the journey back into the history of slavery. i think groups really be making progress when we all accept the history of slavery as all of our history. our documentary series slavery route starts march 9th on d w. in times of great uncertainty slowing down for a 2nd to look at a purely human moment can bring some relief when based photographer a day i can be is my guests on today's program and also coming up. iranian film is in the spotlight after the country picks up its 3rd golden bear in 10 years

at berlin's international film festival. and in our series 100 german must reads catch up a tough guy as quest to uncover her own family's fate during the holocaust becomes the moving memoir called maybe best. of the title of his exhibition reads like poetry 6 songs swirling gracefully in the taut air but it's visual poetry and images that can create so masterfully the british nigerian photographer captures those fleeting moments of life all over the globe to show us just how similar we really are. the beach in lagos nigeria. photos by. can be the london born nigerian has lived in berlin for 30 years. his work has already been shown at the document in kaesong.