water and we're polluting as a moderate life is. going to come and go among our supplies will last for ever but they won't touch when the rain stops starts march 20th on w. . after the horrific start to the week trillions of dollars of stocks around the globe asian markets show a convincing recovery so was monday's all price shock just a flash in the pan or do we have to get used to high volatility for one. and one the. investigators conclude yes it was a control system that sent 157 passengers and crew to that yes. this

is your business model for us in berlin welcome to global stocks are seeing a slight rebound from monday's brutal trading sessions coronavirus and the steep drop in oil prices durham a big concerns for investors but there are signs that some are reconsidering just how concerned they should be or prices were up by roughly 4 percent on tuesday to put that into perspective that follows monday's 30 percent plunge in prices due to a dispute between all producing nations stock markets in asia also all steadied on tuesday saying in hong kong the shanghai exchange in china and the nikkei in tokyo all closing with gains expectations that the u.s. federal reserve might cut interest rates again help fuel that positive sentiment and that optimism extended to the opening of european markets where both germany's dax index and london's footsie both started with gains now help

explain the recovery and discuss what might lie ahead and joined by our financial correspondent chelsea delaney in frankfurt and maria de matzos who joins us from brussels she's with bruegel a think tank that let's start with you chelsea what is driving that recovery especially on european markets. well for one just given the severity of yesterday's to clients it's not unexpected to see markets really taking a breather today but investors are very focused on stimulus right now so you mentioned the federal reserve earlier they're meeting next week they could cut interest rates again which would obviously help boost the economy of the e.c.b. here and praying for it is meeting on thursday and they're also expected to cut interest rates or do other liquidity measures to help businesses but we're also really seeing a lot of action on behalf of governments around the world and it's been a really crucial part of the response to the economic fallout because

a lot of the concern has been that. the stimulus measures wouldn't really filter down all the way to consumers and what we're seeing from governments is plans for example for example from italy now to cut to suspend mortgage payments in the u.s. they're talking about cutting tax taxes. is providing support for hourly wage workers so that would really help put you know money into the pockets of consumers so that could also really help the economy as well as the real some recovery measure their positive signs from europe was just broke just a bunch of the out of the danger zone. well i think what you're observing is that the the news about is the proliferation of the virus correlates with economic sentiment and in china we have in good news 9 times of trying containing the expense of the expansion of the virus and i think that's what i actually refer to

is reflected in the good economic news for these so to be reflected in europe we need to control the disease 1st and only then i think we are going to see better economic news well yes but the basic market environment what it is under the coronavirus the moment how likely is that a black swan in bed similar to what we've seen yes the. poor europe or the u.s. or did the global economy into recession. well i think the probability is non-zero i think i don't know whether it's significant but he says only is there we need to see some progress on the way of containing the virus before we can say you know the before we can make forecasts about the economy that are actually reliable so i think 5 please for the very short term we are going to have to reckon with more volatility and the more the volatility lasts then the greater the probability that we will get in the recession. saudi aramco the oil producing company of saudi arabia just announced it will increase production to $12300000.00 barrels per day

in april that's more than a 20 percent increase in production is that putting oil on the fire. oil has carried some of its gains today it was up about 8 percent earlier in the session and now it's up about 6 percent so we're not seeing obviously of that the kind of sell off we saw yesterday when oil fell 30 percent but it is putting a little bit more pressure on onto oil prices right now this is obviously a big escalation on saudi arabia's part that's going to put about $2500000.00 more barrels a day into the market from the from february so if this is also coming at a time when the oil market is already oversupplied and the market is facing just unbelievable demand shock because of the corona virus spread and the impact that it's having on on demand from airlines and manufacturers and consumers as well so it's not exactly the best time to be flooding the market with oil but i think one

reason why the market isn't really having a strong reaction right now is because of some comments from the russian oil minister who has said that they sort of indicated that they're not totally against coming back to the table to negotiate. with opec so he said that they could they could come back to the table maybe in may or june and i think that's helping common bester is nerves that there might be at some point in the next few months a solution to this oil oversupply. very briefly but also took a major. well banks are really facing 2 major challenges right now one is low interest rates are that's already been a problem for most banks but now they're going to be seeing even lower interest rates as central banks around the world pursue quantitative easing but they also are now facing an oil price shock a lot of banks have excess like a very very heavy oil price exposure they've lent a lot of money to oil companies and with oil that could put

a lot of oil companies out of business and really impact banks as well so it's a dilemma in france for them really matters in brussels thank you both very much. and those are some of the other business stories making headlines today says it's dispersing its stuff to different locations after affronts and based work with them trucked to the coronavirus the european central bank also one person has a been diagnosed with the virus and 100 of their colleagues working from home as a precaution. the german institute for economic research council warned that the corona virus will grant germany into a recession this year germany's export heavy industry is badly hit but other sectors. travel industries and see in tough times to institute highlighted wrist to employment saying especially pots on workers could see their income sources

drying up. a new global survey finds 13.6 percent of people aged 15 to 24 years old most employed studying or training international labor organization we polled finds that young women are twice as likely to be effective as young men. today marks the 1st anniversary of the crash if you know p.n. airlines flight 3021 year ago 157 passengers on a boeing 737 months plane bound for nairobi lost their lives after a flight control system proved fatally flawed on monday ethiopia's aircraft accident investigation bureau released a report saying that not the airlines or the pilots but the boeing's boeing plane software caused the crash leading to worldwide grounding of the 737 knots that is still in the things. still in mourning and one year after the crash these people who lost relatives and friends traveled from france to address ababa ethiopia u.s.

aircraft manufacturer boeing has pledged about $150000.00 for each victim to little many say now the families are suing boeing in court they accuse the aircraft manufacturer of neglecting safety. we were proceeding. almost. on the all 1st that blowing cussed me. out not a 7th of all. for most of our clients we have made since all of 20. 8 kids we're going to continue with an additional process and we're going to continue with the cases in the court and see the ethiopian government's interim report on the $737.00 max crash found systematic design flaws in the plane for example the automatic control system was faulty so that the aircraft was steered towards the ground the reason for the crash since the accident the $737.00 max

machines have been grounded causing boeing a loss of nearly $4000000000.00 the company is currently working on getting the planes recertified but new problems keep cropping up most recently with the wiring in spite of the problems boeing expects the $737.00 max to be allowed to take off again in the middle of this year. olympic officials in japan say this year's summit games are a way to showcase how the country has bounced back since the 2011th earthquake and the following synonymy that kills 30000 people and also calls the fukushima nuclear meltdown with the games only 4 months away one part of that would cover the japanese economy is now looking. for now the olympic games are still on the schedule despite fears over the coronavirus officials say the event is a way to show off how far japan has come since the fukushima nuclear disaster which

marks its 9th anniversary this week the japan center for economic research puts the cost of fukushima's clean up at $660000000000.00 and the government is eager to highlight its progress. but we would like to use this opportunity as much as. possible to show our gratitude and we want to show to the world that the disaster areas are recovering state. but the games are also meant to happen at a time where japan's economic recovery is on thin ice new numbers show the japanese economy shrank more than expected in the final quarter 2019 contract ing by 7 point one percent. those figures don't take into account the blow dealt by the coronavirus to japan's export led economy there are fears it could push japan into a future recession while potentially canceling what was supposed to be a showcase for japan's comeback but officials have remained steadfast.

at this time we are not thinking about canceling or postponing the tokyo olympics and paralympics at all so there is no truth in suggestions that we are considering measures if that happens i'm not considering such a thing at all. this insistence from japan that they are not even discussing back up or contingency plans comes as events around the world have been canceled or postponed greece barred fans from attending the lighting of the olympic torch later this week if they push through the 2020 tokyo summer olympic games are set to open in 4 months.

i'm skill that the more that hard and in the end is a me you're not allowed to stay here anymore we will send you back. are you familiar with this. when the smugglers were alliance of the what's your story 'd. i mean when i was a women especially in victims of violence and. take part and send us your story we

are trained all waited to understand this new culture. you are not a very little. you want to become a citizen. in for migrants your platform for a while information. and welcome to news from the world of arts culture let's look at what's coming up in the next quarter of a. series $100.00 plus reads the. book loss. of language everything as experience. at a video game the 5th and final chapter of the cult classic. bots

we begin with a restaurant that is really trying to do its bit to save the planet climate change and global warming i'll never fall from the headlines of the moment the owners of the restaurant freya aim to reduce the amount of waste in their restaurant to absolute 0 is this possible awful food is often delivered in plastic but not to this restaurant. at the end of the day this little. remains a full left davis from the. delegates and yasmeen mountain you have free gemini's fits. for you to. every city every restaurant in general should produce things in the most sustainable way rather than take up the 0 waste. of a big responsibility towards the.