and europe's paper recycling center faces a crisis as prices plunged to china's ban on important points. and been physical and it's their business global stocks are rebounding from yesterday's brutal trading sessions the growth of ours and the steep drop in oil prices remain big concerns for investors but there are signs many reconsidering just how concerned they should be oil prices are up by around 8 percent russia is not excluding negotiations without the rule producers of buyers led production cuts due to lower demand stock markets in asia looking a much much better today the steadying the shanghai composite hong kong's hang seng and tokyo's nikkei all closing with gains expectations that the u.s. federal reserve might cut interest rates again helped fuel the optimism european markets followed suit both germany's dax and london's footsie making nice gains today the italian stock exchanges well looking somewhat better but italy has

announced the equivalent of a nation wide lockdown to talk more about that chelsea de laney is then by force in frankfurt. tell us about the effects then on the eurozone considering what's happening to the euro zone's 3rd biggest economy. well for italy this a lot of economists say this basically guarantees a recession expectations for italy's t.t.p. this year were basically flat there was expected to be no growth and these containment measures are going to have a significant impact on the economy what the government has said so far is that people can still go to work if they need to public transit is still open in some cities but this is obviously going to head you know travel tourism retail all sorts of industries and it could certainly push italy into recession but what this means for the broader euro zone is really going to be determined by what happens to other euro zone countries and in terms. spread of the virus germany for example is also

dealing with the surge of corona virus cases and it also is on the verge of recession so if we see this start to really spread and intensify back it certainly darkened the outlook for the euro zone and shows you the market volatility right now is extreme how much longer would that be with us. i think it's obviously comforting to see markets you know regaining some some ground today but nobody really expects this to be the end of the volatility what's really going to determine the path going forward is how the coronavirus operates continue to spread and. the measures that countries have to take to contain that and that's just really unknowable at this point so i think investors are still really expecting more volatility you have chosen the anythings for the update let's look at some of the other virus related headlines smartphone sales in china dropped by a huff last month the industry figures also show that the number of new models

released by chinese phone manufacturers feel by really 3 quarters chinese state dot has showed consumer inflation dipped slightly last month but it was still high as food prices remain elevated due to the virus if you will say inflation was at 5.2 percent the german institute for economic research is warning that the disease will drag germany into recession this year it exports host italian travel institute highlighting the risks to employment especially for part time workers and the job bank is disposing stuff to different locations after a worker in frankfurt contracted the disease at the european central bank one person has been diagnosed with the virus 100 of their colleagues working from home . investors are attempting to get a grip on a rapidly changing use photo that's making trading so choppy positive reports of progress in china on the virus drastic measures taken elsewhere there are also psychological challenges to take on board as out taipei correspondent explains is

so on so well. psychological challenges are the lack of the knowledge of a monkey history and human inability to manage risk and most importantly the conflict in message from the world health organization that the actual set that china has control the epidemic in after the whole world not to look at it but later is that while we are near in the pen down the proportions and yet again he said that these might be the 1st human epidemic that control in history so the thing that was from the actual both think and optimistic unclear and confusing and it's overwhelming for investors is top tourist destination is its golden triangle the cities of poor delhi and a grant to the taj mahal but the spread of the corona virus has taken the luster off the sites in recent weeks because of the numbers of down business under pressure the question is can they wipe the sickness out an elephant ride is one way

of seeing giant pours amber fort one of india's most popular sites but it's a lonely a ride these days fewer tourists are coming to poor chinese visitor numbers have been down for weeks and now after 16 italian tourists who visited the city later tested positive for corona virus worries have shot up the city's hotels are seeing cancellations of almost 80 percent toward gods are feeling the pressure. this is like. glass on a small the stone can break whole wall so this kind of news coming from everywhere from the international media domestic media soft course we have almost 424-5000 cancellations but it's nearly my group from the macho cancelled already. many still make the trip to see the famed city with precautions of course but even

those who want to make it work are finding it more difficult. to try to enjoy the. hurt to the hour trip to. israel and also in our heads are the questions now when the epidemic will calm down and if merchants sense or gods can hold out until then those answers are yet to come into focus cancelling the tokyo games would reach into every corner of the globe like the virus that imperils the sporting world main event and he arenas will be a major letdown for the athletes and for japan after investing so much money. 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 in 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 21000 contract by 7 point one percent. those figures don't yet 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. does something different recycle paper used to be good business the prices continue to drop china is no longer wants to be the world's rubbish tip experts say certain companies all the consumer will have to pay to get rid of it once a month a truck comes to empty the blue containers paper sorted carefully something germans are great at. ellen is a small community in one swoop western germany. has

been driving sanitation trucks through the neighborhoods here for 10 years he tells it like it is. we live in a throwaway society and it's getting worse since people started buying on line there's more and more of it. but more and more as the last thing that sanitation companies need at this point the market is saturated and selling used paper has gone out of style it used to be worth $150.00 euros or more per tonne now a tonne is only worth 40 euros that was vital income for many sanitation companies . if they do. good with that's a big financial loss for us and we had to increase fees by around 25 percent in january of this year with one but mainly because of the fall in paper prices. and of course plenty of people aren't happy about that because all. the waste paper is

brought to sorting plants like here in frankfurt recently around 8000000 tons of recovered paper were shipped off to asia for recycling the largest customer used to be china but those days are over. china stopped accepting refuse from abroad it has enough problems with its own waste and didn't want to become the dumping ground for the world since the beginning of 2018 beijing will only accept paper with the most 0.5 percent foreign matter german waste paper often has 2 percent and more. so waste paper exports from germany to china have shrunk by 2 thirds the b.v.i. industry association saw this coming and they say now they're working on solutions to offer top quality recovered paper. you know gets things are developing in the recovered paper sector and you can see that trend in other recyclable materials to

it by it's a worldwide phenomenon that everyone wants good quality these days a development that we welcome you aboard and it also challenges us here in germany to manage our own issues. in yoho even steps above 80 can prices for recovered paper continue to drop experts are expecting prices to go down to $25.00 bench and then 5 years for transport even less old paper used to be good business suit companies will have to pay to get rid of it. nice doing business with it.

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this is big news live from italy takes radical measures to combat the corona virus outbreak i've entire population of 60000000 has been told to stay at home and restrictions imposed on travel on public gatherings will bring you the latest on the outbreak that i'm surrounded was also on the program. russia's paul impacts wagner putin's plans for a constitution clearing the way the changes that would allow him to stay in power until 2036.