you're watching news from both coming up next a doubling in business news with kate ferguson morning is coming at the top of the alpha now but for me and the team here in berlin thanks for watching. what secrets lie behind the discover new adventures in the 360 degree. to explore fascinating world heritage site. w world heritage 368 get the map now. in the. climate change. because most of us now for. instance.

today have a further future. keep the dot com africa there goes to the melting just. click on shirt. cut. markets continue to clung to as the number of people infected by the coronavirus exceeds 100000 could we be on the brink of another global recession and we'll ask our correspondent on wall street. also coming up the crisis management companies face supply chain disruption consultants are stepping in to help make that you know whether the storm. hit the sniff test of the future scientists to come up with an alias way of testing whether or not off food is good to keep. this

business welcome global stocks have continued their freefall as the number of coronavirus cases surpasses 100000 the spread is threatening economies around the world and forcing governments and central banks to step in with economic stimulus here's a recap of what's been a turbulent 2 weeks. it's been the worst 2 weeks for global stocks since the 2008 financial crisis from wall street to tokyo investors are facing a global epidemic that could have to risk consequences for the global economy and the u.s. the dow jones industrial average fell more than 10 percent over the past 2 weeks stocks have been hit even harder and frank for the dax index has lost 15 percent since february 21st that's when pieces began to surge in south korea italy and iran the chrono viruses continue to spread outside of china with around 20000 cases

recorded. more airlines have been forced to ground planes american tech giants have sent workers home and japanese officials have suggested they could delay of the tokyo lympics this summer. even emergency cuts to lending rates from central banks in the u.s. canada and australia have done little to set the markets. the u.s. government is also trying to calm investors i think financial markets will bounce back and so this is really go figure they're down probably 10 or 11 percent from you know where they were that they were up. 70 percent so you know it's only it's a relatively small piece but that piece will get bigger if the virus continues to spread for let's cross right over to deal b. is financial correspondent jose luis to hire on wall street hi jose comparisons are already being made between the global financial crisis and the coronavirus is this

a serious as what we saw in 2009. they think comparisons are audios right but it is unavoidable to go per the current situation with what happened in 2009 out of for starters the virus has triggered the 1st emergency cut from the federal reserve since the different crisis it is also revealed to calls for bolder monetary and fiscal coordinated stimulus from countries around the world but when it comes to the u.s. and fundamentals in the economy are pretty solid and systemic risks that independents will system seem to be contained said it is all about confidence. markets start heating the consumer home aside from any related preventive measures a start questioning her or he's a spending then the heat on the economy becomes more severe these can result in the small businesses getting here layoffs liquidity concerns and maybe our recession in

a very interconnected globalized world but as for now kate is a stupid very early to think we will repeat the great recession of 2009. 100 day and let's look at that issue of confidence here what measures if any do you think governments central banks can take to reassure investors and ordinary people for that matter. first. some sense that the situation is under control on protocols in order even if infections continues to search that way businesses can plan and mesure virus for investors here in wall street do you also want to see more rate cuts and now the reset some kind of sense that the fed will revisit that 0 bond activated as a response to the point one child crisis in 2008 and finally some form of scale stimulus that there is already rumors of the possibility of deferring corporate taxes for a specific industries such as tourism or airlines also help for those who don't get

paid don't go to work. as eileen thanks for your insights and have a great weekend. talks between opec members and russia have broken down without agreement on production cuts the price of brant plunged 10 percent on the news the oil cartel is trying to strike a deal with nonmembers to stabilize prices the cost of crude has dropped a quarter since the cologne a virus appears prompting officials to slash demand for costs but this year. the town's that is causing half its flights in an attempt to limit the financial damage sparked by a sudden drop in demand the german airline had a ready and its flight cancellations to china and iran experts believe the aviation industry as a whole could lose up to $100000000000.00 to the outbreak. as the virus continues to spread to companies with complex supply chains are feeling the pressure our next report describes the challenge as one german car parts supplier

is facing because of the outbreak. management consultant fang fang is currently pursuing crisis management she and her team advise 60 german firms that do business in china they're in demand right now because covert 19 is causing havoc fanfan is on her way to a client in a small town in northern germany the shelter group. the automotive parts supplier had to halt production at its facility near beijing for 2 weeks. things are starting up again but with precautions in place. for our. farm we are back up to 50 or 70 percent capacity so far we don't yet know when

we'll reach 100 percent because we can't get the staff back into the factory yet. creating the dropping. revenue and therefore the economic hit amounts to several 1000000 euros. international supply chains are collapsing or at risk you can't make a car if the gearbox isn't available. 8 plants in europe have to offset the production halt in china but not for much longer says the optimist frank frank. see . it is not convinced however. this is. some president i can't recall anything like it on our planet in my view we've got through this and i hope we do deal with it sensibly i think we'll have to think about what needs to change in the future. for example will there be calls to could tail international business travel fanfan usually

travels back and forth between germany and china spending 2 weeks at a time in each country she has a team of certainty in china but for now she can't go and see her colleagues or her family so she communicates with them online from hamburg. fine fine believes the tough measures imposed by the government in china has been decisive. in. germany and europe there's so much freedom and people don't wear face masks on and. it's a different mentality and a different way of life. and that's why the numbers here are rising day by day. and male the virus is threatening not just the health of individuals but also the health of the global economy. to some of the other

business stories making global news. argentina's central bank has cut its benchmark interest rate for the 8th time since december it now stands at 38 percent bank says the decision was made in response to signs of a slowdown in inflation. the indian government is buying a 49 percent stake in the yes bank in order to keep the troubling lender afloat yes as india's 4th largest private lender has been struggling with bob loans shares fell following united's and. j.p. morgan chase boss jamie dimon is recovering after undergoing emergency heart surgery the 63 year old is the longest serving head of a major u.s. bank he's been c.e.o. of j.p. morgan since 2005. now every year tens of millions of tons of food go to waste also perfectly good products are thrown away because they're pos they're used by days now a group of researchers has come up with an innovative solution to the problem. many

of us rely on them to tell whether the food in our fridge is safe to eat only not but could we soon see the end of the humble used by date. a group of innovative researches from 4 different cities in france and belgium hope we will they're developing a high tech alternative many senses implanted in packaging the chips will be able to literally sniff a food and accurately detect the extent to which it's decomposed or rather chemical methods to desert the concentrations off the bottle compounds and censor of a nation to get information from our panelists by smelling the phone of which is far more precise than used by dates they commonly rely on rough estimates about when a food will decompose food waste is a huge problem particularly in industrialized countries according to the u.n. a 3rd of all food produced for human consumption is safe to eat. research is hoped

their creative solution may help turn this around in 5 years they say the sensors will be on the market for industrial use and then it may not be long before it's time to say bye bye to misty you by. and for me it's 5 i as well thanks for watching.

as old as the pyramids. perhaps. missing what exactly are we referring to. the 170 stone piles in lake constance. it's baffled researchers for years. can an expedition shed light on this phenomenon tomorrow today. next on d w. n sync overcome boundaries. changing the world with dance. no words required. but a full body engaged. with captain john doe. parts

21. 30 minutes john w. . they were forced into an aimless mass. their bodies we're told. the history of the slave trade is africa's history. describes how the greed for power and profit plummeted and entire continent into chaos and violence. this is the journey back into the history of slavery. our documentary series slavery routes starts march 9th on d w. you're

watching tomorrow today the science show on d w coming up. a sensational find in lake constance archaeologists dive into the past. in mexico and inventor is building houses out of seaweed and find out how to turn carbon dioxide into plastic.