that's all from now but do you mean business news is up next kate segues into remembers a visit. that's a website to keep up to date with all the latest news and information i'm told me a lot of things which. the massive drama competition marketing numbers atmosphere that's what intuition love hates money. fans friends pious fans and friends told to go on you tube join us. to use crime fighters are back

africa's most successful radio drama series continues this season the stories focus on hate speech prevention sustainable chocolate production. all of the sodas are available online and of course you can share and discuss on africa's facebook page and other social media platforms. crime fighters tune in now. an emergency measure that was supposed to quell the markets the u.s. federal reserve finances the fake us interest rate cuts in a decade but are investors actually feeling reassured we'll go to wall street to find that it's. not one of bad to drugs in india one of the world's biggest producers of medicine. carbs exports and faces shortages of key ingredients from

china so how long will stocks last. for causing economic turmoil continues soaring unemployment and frequent power outages and unsustainable debt pushed the country back into recession. on waste not want not from don't think smartphones aren't necessary streaming in germany calls for measures to limit the environmental impact of every day 10. business i'm quite ferguson welcome. the federal reserve has announced its biggest interest rate cut in a decade in response to the danger the coronavirus poses to the american economy so far investors don't appear too impressed. coronaviruses brought yet another 1st since the dark days of the financial crisis 2008 was the last time a fed chairman announced a cut to interest rates between regular policy meetings my colleagues and i took

this action to help the u.s. economy keep strong in the face of new risks to the economic outlook. namely the coronavirus which is now spread to more than 70 countries including the us where citizens a stocking up on supplies that's resulted in the fed cutting rates by half a percentage point the biggest since you've guessed it the global financial crisis . we are beginning to see the effects on the tourism and travel industries and we are hearing concerns from industries that rely on global supply chains the feds rush to action follows some international pressure in germany there have been calls for the americans to take the lead. governments and central banks are maybe a little slow i believe in taking measures against the spread of the epidemic and also in taking economic policy matters i think it's high time of the central banks in particular overfed to take measures to calm the markets the fed isn't the 1st

central bank to respond to coronavirus though australia where some supermarkets are also running short of supplies was the quickest to react but such a decisive move by the us central bank is likely to mean that others will follow. to break this down for us let's cross right over to detail these financial correspondent yes it's quite a on wall street high end now markets initially rose on this news and since then they've tanked again what's going on what does this tell us about the effectiveness of business. you have the cut itself was not a big surprise also not that the fed cut rates by 50 basis points but timing certainly was a big surprise the next official meeting of the federal reserve would have happened in a good 2 weeks but i did talk to some traders and they're saying they have not been concerned before this move for now who they are because quite frankly obviously the

federal reserve has the much grimmer. the impact of the coronavirus on the economy than most market participants expected and to see what's going on here the best is to look at the bond market the yield of the 10 year treasury note to drop below one percent for the very 1st time in history and the dow jones industrial average lost almost 800 points in value that's another down day by almost 3 percent so obviously the federal reserve trick did not really work at least for the moment ok so not a very effective trick this decision though came after g. 7 finance ministers held a phone call or earlier the idea behind that was to come up with a coordinated response so far though it's just the fed that acted are we likely to see says similar moves from other central banks dance. well 1st of all the market already was quite disappointed to buy those phone calls because the g 7 finance

ministers did not really bring up any effective measures as of now if you look at the monetary policy we already had see in australia cutting rates overnight to the lowest level in history so yes it is likely that more central banks are going to follow and try to do whatever they can but the problem with monetary policy is you might calm down the market even if they didn't really work today but if you really want to have an impact on the real economic development you probably need fiscal measures and if you look here at the united states for example that's going to be a very tricky in an election year to get to find a majority in congress to bring texas no. more challenges remain against caught on wall street thanks so much for your insights. ok let's get you a quick recap now on the effect the coronavirus is having on the global economy overall the world bank has pledged $12000000000.00 to fight the outbreak google has

canceled its biggest headline grabbing event of the year the iowa developers conference in settle stream product announcements online or oil cartel opec is considering cutting production as the virus weighs on demand and finally online retailers including allison are struggling with price gouging for products like face masks and hand sanitizer. and the corona virus has also sparked fears of medicine shortages india one of the world's biggest producers of non brand name drugs has already restricted the export of some products including piracy some all this because of a reliance on ingredients from china. while india's health minister was sitting down to report 2 more cases of coronavirus earlier this week elsewhere in the government plans are being made to protect the country's drug supply on tuesday we saw the result of that india's director general of foreign trade published

a long list of $26.00 ingredients including paracetamol and numerous victim in b. compounds and said they can no longer be exported that amount to 10 percent of india's drugs exports indian pharma companies get almost 70 percent of their active ingredients from china and the corona virus outbreak has disrupted global supply chains dependent on chinese exports other than mainland china and hong kong some of the compounds can come from european countries in the u.s. but it's doubtful india can make up the shortfall in their chinese supply is shut down especially given the extra costs despite the talk of pharmacies running out prime minister narendra modi has urged people not to panic now let's take a look at some gnarly coronavirus related news 5 africa has economy is in recession months of power outages rising death and soaring unemployment are just some of the

challenges the country is facing the pressure on presidents are all around the poser who came to power on the promise to kick start the economy is rising. the outlook is getting darker for south africa months of rolling power cuts have left bakeries homes and factories without electricity blackouts top a growing list of problems for africa 2nd largest economy the government and downs to soaring deficit at a recent budget presentation unemployment is stuck at an 11 year high and now another recession the 1.4 percent contraction in g.d.p. in the 4th quarter was worse than expected it followed as 0.8 percent contraction and the 3rd quarter electricity cuts from utility company are to blame crumbling power stations and malfunctioning equipment have forced eskom to cut electricity around the country repeatedly nearly every industry is suffering among the worst

hit are the agriculture transport and construction sectors all shrink in the 4th quarter miners average makers and even wal-mart's local unit have announced plans to slash thousands of jobs jobs are already hard to find in south africa at the end of last year nearly 30 percent of people were out of work. now whether you're watching a video on netflix you tube or pretty much any popular streaming platform also play is a solid feature good for hooking you in but have you ever thought about the environmental impact it's just one example of an area the german government has identified in the attempt to reduce tech related waste. gronings call it sort of the world's largest electronics waste dump where the western world's hardware trash learns the polluters are unknown blotching technology could change all of that tracking the

entire life of the rechargeable battery with no gaps attempts to manipulate the data chain would be all too obvious. when this battery turns up on an illegal waste done by be able to trace it all the way back to find the last person in the transaction chain and who have used it. the technology is already under development as is green electricity for data centers or part of the environmental digital agenda providers have to register location and power consumption of their service by 2021 consumers can also help by throttling their own energy consumption is auto play the standard position on social media and video portals why the highest definition even if you're watching the video on a small smartphone display. sonia shields also on smartphones to become more easily repairable batteries exchangeable all attributes activists

say are long overdue. the politicians have been asleep at the wheel that's why we always target the companies directly with our campaigns they respond much more quickly with. the digital agenda is aimed at taming the i.t. industry's huge appetite for resources and making its applications more transparent and video streaming together is much nicer and saves energy. no better reason to gather rank than to get the latest business stories on t w. for me in the business field here in berlin you can get more on our website dot com slash business we're on social media to drop us a line on facebook and twitter for me it's goodbye and take care.

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