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don't simply. use to get. discovered. subscribe to the documentary on to. an emergency measure that was supposed to quell the markets the u.s. federal reserve announces the biggest interest rate cut in a decade but are investors actually feeling reassurance we'll go to wolf street to find out just. one of that the drugs in india one of the world's biggest producers of medicine. carbs export it faces shortages of key ingredients from china how long

will stocks last. for causing economic turmoil continues soaring unemployment and frequent power outages and unsustainable debts pushed the country back into recession. on waste not want not from don't think smart necessary streaming germany calls for measures to limit the environmental impact of every day. this is business like a 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 coronavirus has 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 that you can all make over. namely the corona virus which has now spread to more than 70 countries including the u.s. 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 then also in taking economic policy measures i think it's high time that the central banks in particular the fed do take measures to calm the markets the fed

isn't the 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 u.s. 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 and what does this tell us about the effectiveness of this myth. 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 if they have not been concerned before this move for now who they are because quite frankly obviously the

federal reserve has the much grimmer look at the impact of the koran or virus on the economy than most the market. participants expected and to see what's going on here the best is to look at the market the yield of the 10 year treasury note to drop below one percent for the very 1st time in history 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 didn't really work at least for the moment ok so not a very effective trick this is a session that came after g 7 finance ministers held a phone call an earlier the idea behind that was to come up with a coordinated response so far though it's just the fed that's acted are we likely to see says similar moves from other central banks dance. well 1st of all the market already was quite disappointed by 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 that 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. that's more challenges remain against pot 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 i owed 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 our own 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 corona virus earlier this week elsewhere in the government plans are being made to protect the country's drug supply on tuesday we saw the results 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 new on the coronavirus related news site africa's economy is in recession months of power of just rising debt soaring unemployment are just some of

the challenges the country is facing the pressure on president cyril ramaphosa who came to power on the promise to kickstart 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 announced a 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. and the 4th quarter was worse than expected 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 and the 4th quarter miners beverage 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. call it sort of the world's largest electronics waste dump where the western world's hardware trash lands the polluters unknown block same 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 abused it you often see that 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 servers by 2021 consumers can also help by throttling their own energy consumption is i mean why 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 in. sonia's 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 out campaigns they respond much more quickly than. the digital agender is aimed at taming the i.c. industry's huge appetite for resources and making its applications more transparent and video streaming together is much nicer and saves energy. and no better reason to gather right than to get the latest business stories on the w. from me in the business team here and you can get more on our website that's. a lie and for me it's buy and take.

100 skilled professionals it's a worldwide market. if you don't mind moving you could find your dream job. careers made for young highly professional. why is it all too good to be true there appears a dark side to the international job market. i mean in germany.

your own daughter would prefer to join terrorists rather than stay with you and she thinks it's cool. maybe i just wanted to rebel because of my age and is now i was kind of trendy i guess. them things down because you can how a father lost his daughter to islamic state and she just helpless. little or no. in 45 minutes on d w. up today don't miss our highlights w. program on line d.w. dot com highlights. on

a mission. to save the. comics started in $1039.00 since then they've created a vast empire of superheroes who also have human weaknesses. the creators have had their share of clashes the moving story of a comic giant. stores march 10th. globalization is being put through its paces there's a whole world of job opportunities out there if you're willing to move abroad and have the financial means but a tiny little virus has infected the globe's highly as it's wind supply chains that

flow through china revealing how vulnerable many companies have become on the move you up at you.