1000000 people in the north will be cut off from the rest of the country until april start. coming up with a crown of our sparks huge losses on global markets today that the song will cost the details and business in just a few minutes satan. is free jenny is full of surprises. some scientists want to play in the footsteps of the great britain insurance. most towns of fleet street player. playing for a time who wants to still very much alive. challenge to specialists in germany

. recognizing where exactly. the most fun and learn a lot of current culture history of. travel extremely worth of. the facts. they're described as black monday and oil price war a crash in equities and the global spread of the coronavirus analysts call it a killer cocktail that sent markets into a frenzy the reaction on african exchanges. historic collapse the cost of crude continues to plunge the major producers failed to agree on cutting output to and the price for breaks out. in the once thriving tourism industry of mali how would you. of andre's to have now almost totally destroyed the livelihoods of so

many business people. i mean physical and let's do business a day of drama global financial markets fears of the coronavirus leave a trail of turbulence across the world share prices plunging billions wiped off the values of global indices the latest major casualty the dow jones industrial average more than 7 percent of its value was wiped off in the 1st minutes of the trading day at spotting a merchant see 15 minutes suspension and it's no better in europe in germany the dax closed around 8 percent down the gains of the past year were almost white to out and i was closely followed by the $4100.00 in london which source similar plans out of the gate also closing down just shy of 8 percent the price of a barrel of oil fell as seems to have fallen through historic lows after saudi arabia increased production to try to pressure russia into closer coordination

a dispute coming as oil demand weakens ju-ju the coronavirus. well i asked business journalist yet sits neighing to tell us how widespread this stock shock is across african exchanges. it's very difficult to work out the really because most of most of. africa in stock markets are not very liquid i can tell you though that in kenya. it is the biggest company there which is cause of oracle was down 8 percent make but you know that's just one company which accounts for the bulk of the. nairobi stock exchange. the most impact that has been felt has been in south africa where stock market the stock market has fallen about 6 percent and that's the lowest level we've seen since the 2008 financial crisis the standout under perform during the day was subtle so is a chemical in

a company. the stock fell more than 40 percent and that's i mean that's just compounding compounding the problem that this company has been having in the market because as you would remember they've got the giant project in the u.s. coal which is aimed at you know boosting its chemical in its chemical output and reduces please reliance on. on fuel. so tell me is that talk of stimulus measures to soften the blow and not as yet there has been any talk of something like that. as well as as this has just happened i think the news broke at the weekend when the saudis decided to know is to use the gate a price war with russia so i think. if they are thinking about it they it's something that you know they would you would know it would have to do in the coming

days or not with investors rushing to safe havens today where does that leave africa. it's a it's a problem that you that you would see happening like across major major markets as well where you know if you if you know if the world is frightened those that are bearing the brunt will be major markets and africa is one of them i guess i mean what you know what authorities what people maybe starting to talk about is whether or not interest rates could be increased to ensure that currencies are protected enter antis global investors with a high yield in assets. we do you know we do know that with the you know with the flight to get to safe have in our sense one of those assets his gold and you know we've got you know south africa is one of the

major producing countries. in africa we've got mali we've got guyon so you could see the benefit of you know of that flight to say for his safe haven assets. coming through to african african countries like as i mentioned. coast south africa and mali itself thank you very much for joining us. and for a look at the carnage on the front foot floored today his chelsea delay it's been a historic day for markets here in frankfurt the docks closed down about 8 per cent that's near and similarly a large drop drops and stocks from europe to the u.s. to the middle east and investors had already been on ads coming into this week because of the spread of coronavirus over the past 2 weeks and dramatic economic implications of horenstein measures taken by governments including the walked out

and quarantine up about 16000000 people in italy over the weekend but now adding to that fear and bastards are grappling with a potential price war from saudi arabia and iran russia and the global market that led to a 30 percent decline and oil prices on monday and really spooked the markets investors now are really putting their hopes on central banks and governments step then to an employment measures to offset the economic impact of the coronavirus an oil price shock but investors are at this point really preparing for a global recession. so the other reason markets are miss price war breaking out among the major oil producers the oil cartel opec has failed to get nonmember rusher on board in cutting production to counteract the slump in the man caused by the growth of ours now saudi arabia is slashing prices. smiles betrayed

and overriding disappointment last week's meeting between opec representatives and russia was supposed to end with a deal to cut production in response to plummeting demand. mysterious to you. the answer from frustrated opec leaders was no the russians saying they would not be lowering their output. over the weekend saudi frustration boiled over with riyadh announcing its biggest oil price cut for 2 decades far from slashing production the saudis are now ramping up output from their fields to make up for lost revenues from already tumbling prices. but flooding the market with cheap crude has had the effect of driving down prices globally in early asian trading on monday they hit a near 16 year low. and the 1st equity markets to begin the week posted extraordinary losses australia's finance minister tried to reassure australians the

economy was still strong after stocks in sydney tumbled us there was the same story on markets across asia what started with an attempt by oil producers to respond to the economic shock of coronavirus has ended with oil in equity in freefall because of it 19 outbreak has just registered another symptom. shares in india struggling linda yes bank of jumped more than 30 percent after tanking on friday on fears it would collapse last week the reserve bank of india took control of the company and imposed cash withdrawal limits it now says it intends to invest in a 49 percent stake in us bank as part of a brisk package and the deposit is need not worry about their savings. thousands of travel companies hotels and small businesses face bankruptcy in mali years of our rest of destroyed

a once thriving tourism industry officials have tried luring in the chinese to visit what they call the real africa but it's not a real holiday if armed soldiers are at every side and bombs are going off there are close 215000 you win blue helmets stationed in mali to keep a fragile peace. a gentle trip down the niger river taking in the landmarks of mali's capital bamako once a very lucrative business for captain daouda but data today he's happy to get even one paying customer aboard his pair of. his business is all but collapsed since the crisis began 8 years ago. i used to carry people and goods on large boats all the way to go. with the crisis i've only got 2 small boats left in bamako for tourists to do you don't see any more of either. hotel is there also suffering for 2012 malise historic sites were major tourist attractions the deteriorating

security situation means hotel operators wait in vain for customers like john claude us the owner of the hotel near a bull who. tells completely empty you can tell by the keys they're all standing in the boxes that. if the hotel was full they'd be lying flat. that we only have 4 molly and guests. that we give the last foreign tourist here left 5 years ago that we've not seen any since. we've been. outside the mirabelle the street has changed completely most of the bars and hostels long gone. this was one of the liveliest streets in bamako. there were loads of tourists nowadays it's empty nothing works anymore. it's total desolation. and

i did feel foreign visitors have slowed to a trickle down the loss of revenues is ruining livelihoods. traditional mali and works of art on finding buyers nowadays. many of the artisans can barely survive. the mali. has been searching desperately for some way of revitalizing the sector. we've got to focus on domestic tourism in the past it was always about foreign tourists so far mali and 7 shown any interest but it's our aim. don't have a daughter is back from his trip down the niger he had 3000000 guests on board and will be the last for today as well. as he treated no one was waiting on the jetty when he got back just like every day. and specialists working to save struggling

south african airways have announced they'll open talks on job cuts they say their intention is to save as many jobs as possible but they announce that all of the company's 4700 employees could be affected s.a.a. has been under bankruptcy protection since december the airline has failed to turn a profit over the last decade forcing the government to bail it out several times. nice doing business with you.

look. i'm not laughing at the germans because sometimes i am but most are laughing with the german think deep into the german culture. new don't seem to take this grandma day oh. it's all about who you know i'm rachel join me for me because i'm going to tell coolest. house in the drama competition for a marketing number that was here called by the time and tradition last night. millionaire

fans crimes trials and fun. cause for me. to call on you to join us. this is. coming up in the next 15 minutes prime minister. was back on the job meeting with cabinet officials ofter an attempt on his life and explosions when told he's convoy on monday morning. european fails it's africa's strategy. the commissioner in charge whether it's.