bye there was no nation it to pick 6 days to get it right more than a 3rd of all delegates are i'll read on this day. from a good north east to california here on the west coast we've playing here all the action all the results here are the details of the new. coronavirus keep spreading and central banks are beginning to fight financial contagion how badly will the outbreak hit the global economy we'll talk to the c.e.o. of caution about his take on the crisis. and the geneva motor show becomes the 1st big business casualty of the throne of ira's one of the biggest con shows in the world this council. this is the business welcome the coronavirus outbreak continues to dominate business headlines around the globe

pressure is growing on governments and central banks to fight back to avoid an even steeper slump g 7 finance ministers are set to hold a conference call today to agree on a plan to combat the damage of coronavirus has done to the world economy is a quick rundown of the latest development on tuesday all straight became the 1st company to cut interest rates to combat the economic effects of the break down from the point 75 percent to the new 0.5 percent and this is a record low after a week of severe losses yesterday the dow jones index made its biggest jump since 2009 surging 5 point one percent germany's dax also recovered. in trading on tuesday and in switzerland one of the biggest cause shows in the world was supposed to open this week but thanks to the coronavirus the geneva international motor show was cancelled as the swiss government has banned all events with. more than 1000 participants so how bad is the situation

joined by one man who was supposed to be the geneva motor show to present its latest model of. the company's sportscar 911 turbo s. that we see there in the background but. of course you're not in geneva you are in stuttgart at your headquarters. how worried are you about the outbreak of the throne of iris for your company. good morning from portuguese i'm sent in stuttgart would have loved to be in geneva but we have to respect to the decisions they've taken and then. in this case can safety 1st. we are worried about its big challenge for the world and

talking concrete about porsche we closed our dealerships in february and in china and lost the majority of our sales and on the other hand we challenge our supply chain from china to our production in europe for the world up to now we are stable but is it is a daily monitoring and for the next week i hope that they will limit their career us and see what will happen so china is of course a very very important market for porsche if not the most important market are you not worried that this large chunk of your business will break off. china indeed is very important for. more than one 3rd of our say it's coming from from china and today it's too early to say what consequences do we have during the year. we are opening our. ports centers

in march and except acting at better situation but today we. did talk about a program uses for the. view also our board member v.w. surely v.w. will be hit harder than portugal using. its much harder because we have a lot of production sites over there and china and we lost. over 200000 units and the challenge will be to recover them during the year and especially for bigger brands like folks long and audi. there are there consequences but same like for porsche it's too early to say what will be the prognosis for the

end of the year and we will try to are to recover. if you look at the whole economy really and portions plays in it could coronavirus and the outbreak when it continues could be a bit of a black swan moment so a once in a lifetime event that really changes everything. same it's too early to say what will be the consequence for as a whole economy there might be any reaction upside down for example in china that will be initiatives to help the economy on the other insights it could effect the economy and so we will every deeply watch what will happen in the next 2 weeks we have pause so we are prepared and at the end.

the best thing is to or to react is to have good products on the market and so it was a presentation of today the new 911 told us it's a very good answer for the economic situation. do you think the government especially in germany but also if you look at the european union do you think the response is sufficient so far in terms of. the financial sector in terms of the economic. have they done enough i think 1st of all when we have a crisis like like this which happened in the past as well is a very consequent reaction. to the site step by step have a clear plan. as a back up and i think in germany where we are acting correct. you have

to. think about safety 1st but not to or to get in in history and in hysterical reaction and so i think. what we do coming from our government is doing the correct reaction all of a booming c.e.o. of course talking to us from stood guard thank you very much. thank you to belin. and the current of ours is already started to other parts of the german car industry as well. now going to japan where prime minister shinzo ave people to avoid panic buying toilet paper dismissing rumors of a shortage showpiece to hit store shelves in recent days the government plans to provide 2500000000 dollars to counter the economic impact of the virus so

father have been 940 cases and 11 deaths that. twitter has asked its its 5000 employees around the world to work from home in an effort to stop the spread of the corona virus a social media platform follows governments and infection hotspots in making the requests the companies said its employees and south korea home call an answer upon must work from home last week it announced the suspension of non-critical business travel and events. africa is becoming better equipped to deal with the virus with 24 countries now able to test for the illness is a big increase compared to the beginning of last month's when only 2 african nations were equipped to do so or. corporate leadership guru jack welch has died at the age of $84.00 transforms general electric into a highly profitable multinational known as neutron jack for cutting thousands of

jobs genius market value grew 30 fold during these 2 decades the home free. 150 workers b.m.w.'s research and development facility in southern germany have been crying one time came into contact with a member of staff and tested positive for. he says the workers in munich will remain on the current on hold for 2 weeks officials in germany say they have now been 150 confirmed cases of coronavirus restore public from the outbreak here has been raised to moderate. with travelling discouraged by more and more health authorities the airline industry is obviously one of the sectors to suffer british airways has become the latest allan to cancel flights to several european and u.s. destinations over concerns over the virus the decision comes as allen 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 a flight fave booked. no 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 worse situations than the coronavirus and have managed it very well and we hope that that is being taken you know by people themselves. by governments you know i

mean it would surely 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 critics saying it could be as little as 1.5 per cent. of them if you break the record kept on our top story all strayer has become the 1st country to cut interest rates in response to the corona

virus outbreak it lowered its raise from point 7.5 percent to 0.5 percent the dow jones index made its biggest jump since 2000 and. jumping up by 5 points. that's it from me and the business team for more business news features also back from stores check out. slash this follow us on facebook and twitter. also to 4000 calls so that's all private office with other global markets at this hour.

earth the home for saving googling joe's tells stories of creative people and innovative projects around the world ideas to protect the climate and boost green energy solutions by global oil and he is beaten by a new series of global 3000 on d w and online. in the art of climate change. the to. assume it's. much too soon.

what do years do they have for their future. g.w. dot com for megacities the making good. could turn. off in times of great uncertainty slowing down for a 2nd to look out of purely human moments can bring some relief when based photographer achenbach 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 mustering is cut 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 taught 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. to the beach in lagos nigeria. photos by. can be. lived in berlin for 30 years. is work has already been shown of the document in the car song.