the recycle and replace crude oil. made in germany. in 60 minutes t w. o l. the banks. and to watch the language of the bank. speaking the truth global news that matters g.w. made for mines. a slim announcement of all storing financial markets after monday's dizzying losses u.s. president from promises quote major steps to battle the spreading coronavirus will be enough to gird the world's biggest economy against its impact on the program it's a year since that ethiopian airlines jet crashed killing all on board family members

gather for a memorial service at the site of the crash a tragedy compounded by what the victims' relatives describe as being way too little compensation. i'm chris cuomo welcome to the program around the globe investors are still wary after monday's shock trading session the coronavirus and the steep drop in oil prices remain big concerns for the market prices are up by around 8 percent with russia now not excluding negotiations with other oil producers over virus lead production cuts due to lower demand european markets struggled with germany's dax london's for t.n. the land's exchange losing ground as europe tries to prevent a further spread of the wires not in new york and bester is focused on president trump who promised major steps to cushion the economic impact of the virus that helped to propel the dow jones industrial average it gained nearly 5 percent recovering some of monday's that earlier i asked our wall street correspondent what

sort of stimulus package was on the table. well right now. that negotiations they continue it seems to main proposal on the table right now it's either cutting or canceling depayin roll tax for the rest of the year mainly doxes that from employees an employer said to pay for social security and medicare doing so will save money given to all around $50000.00 a year or about $3100.00 according to secretary of treasury is the mission there is some consensus among legislators on both sides of the aisle to act and we believe earlier on the day said there will be some kind of help for airlines and cruise operators and by the republicans one to avoid anything that will imply bailout and the white house is also considering federal assistance afford to show industry has all the prizes. in days that due to that price war between russia and saudi arabia

also in focus and those who don't get paid each day are seek or can go to work but take a look at the all prices just a 2nd here but if we look at the figures from tuesday the dow up by almost 5 percent is it safe to say that investors are buying these economic stimulus plans. investors are still some kind of cultures. in our focus on both the scope and the timing of defeat skull packets both factors are crucial to avoid a deeper a slowdown and on the monetary front and defend already cut rates the last week and probably will do so next march 18th even if trump keeps criticizing the u.s. central bank but there is so much at cheap money can do so wall street now is focused on measures that will guarantee that the american consumption and confidence get somehow shield from the virus disease easier said than some

legislators point out to a robust and strengthening of unemployment insurance food security or paid leave among all the measures that will help you as a consumers to deal with this situation much better than expected jose luis daro nerk thank you. and it's not just the u.s. that is apparently considering an economic stimulus program the european union is pledging up to 25000000000 euros to help cushion economic shocks from the coronavirus breaks and here is how other economies are trying to guard themselves. the degree of calm or turn to the markets following monday's crouch even dubai has come out of the nosedive the rebound comes out to u.s. president trump pledged financial aid for american companies let's not forget that stock market performances in the u.s. is like the cherry on on the cake for his presidency saw i don't expect him to lead that goal. we will have massive injections maybe of liquidity in the market of

stimulus and that will support all the economies around the world clearly. the japanese government is also battling the economic impact of the coronavirus small and medium sized companies will get interest free loans and firms whose reserves are depleted after a sale slump will also be given how. the government has passed measures totaling 8500000000 euros. italy the e.u.'s 3rd largest economy will provide roughly the same in emergency aid it's europe's worst affected country so far. factories is still running but industry is bracing itself for a deep recession. germany's government has also announced measures to soften the coronavirus impact on business many companies fear that they will have to cut back production because of a drop in orders and interruptions to supply chains beilin has introduced

a law that in such cases wages will still be paid by the state. the 2 are expecting negative effects on the supply chains particularly in the industrial and commercial sectors which we will only see the full extent of in the coming weeks. as always germany says it wants to proceed cautiously for the time being it won't be relying on fiscal stimulus to boost the economy. well the travel industry is among the sectors hurting badly from the coronavirus outbreak now european budget carrier ryanair is suspending all flights to italy for a month the north of the country is one of the hardest hit regions by the coronavirus outside of asia several other airlines have also suspended their connections to italy. now tuesday marked one year since the crash of european airlines flight 302 a year ago 157 passengers on a boeing 737 plane bound for nairobi lost their lives after

a flight control system proved fatally flawed on monday ethiopia has aircraft accident investigation bureau released a report ball string earlier assessments which found that not the airlines or the pilots but the boeing planes the software cost the crash. still in mourning and one year after the crash these people who lost relatives and friends traveled from friends to addis ababa ethiopia the 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 the accused the aircraft manufacturer of neglecting safety. we were to save them all. and be all 1st that boring cuss me. out now a 7th of all. for most of our clients we have already settled 20.

8 new kids we're going to continue with him additional process and we're going to continue with the case it's important to the ethiopian government 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. and if you want more detailed coverage on boeing the fate of its max and the role of years of yesha in regular the f.a.a.

simply go to our web site at d w dot com slash business where you can find tons of background of these topics. and other something different recycled paper used to be good business but prices continue to drop china no longer wants to be the world's rubbish tip experts say soon companies or the consumer will have to pay to get rid of it. once a month a truck comes to empty the blue containers papers sorted carefully something germans are great at. elon is a small community and 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 is gone out of style it used to be worth $150.00 euros or more per ton now a ton is only worth 40 euros that was vital income for many sanitation companies. in europe with nets a big financial loss for us. we had to increase fees by around 25 percent in january of this year. but mainly because of the fall in paper prices. and of course plenty of people aren't happy about that the guys almost didn't go through that the waste paper is brought just 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 it most 0.5 percent foreign matter german waste paper often has 2 percent and more. prices for recovered paper continue to drop experts are expecting prices to go down to 20 then 10 then 5 euros per ton for even less old paper used to be good business soon companies will have to pay to get rid of it. and that wraps up our program. and the entire team thanks for watching and after some successful.

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the fleet street play. for a time you want to still marry my fella let me challenge you to such things in the. second place where exactly. was fun i am learning a lot of our culture history. details travel extremely worth a visit. welcome to news from the world of ops and culture here's what's coming up today. how for contemporary artists illustrated responded to or even transcended the slave trade in their own. french architect to greece new life into historical buildings

turning them into top class hotels. bots we begin with the ongoing battle between hollywood and streaming services netflix amazon and the others have now infiltrated the oscars the golden globes or the like i think you have a more nominations for the big budget movies they've been making and of course they're keeping people sofas rather than going out to the cinema ave is there room for everyone in this major part of the entertainment business. marriage story a great family drama i know one. the irishman martin scorsese's 3 hour gangster epic starring robert de niro films were hard to find in munich's movie theaters after their release nearly all the city's cinema operators refused to show them part of an ongoing battle in the film business.

and that's netflix has no respect for cinemas as places we don't take part in netflix releases because.