water and we're polluted. water is life. longer supplies will last forever but they won't. when the rain stops starts mortgage 20 years on w. . markets in asia comma after monday's prize shock and all eyes are on washington now u.s. president donald trump says he wants to come payroll taxes across the board but makers of both parties resist targets and measures to fight the current violence. latin america has been largely spared by the virus but no more and more countries are reporting the 1st cases. many companies across africa depend on china for

parts and raw materials as supply chains are breaking down due to the virus outbreak countries like ghana i think to feel the pinch. welcomes the v.w. business in berlin asian markets on wednesday didn't make any huge losses like they did on monday but they made no significant gains either investors are now looking to the u.s. as the corona virus spreads throughout the world's largest economy president trump suggestion to cut payroll taxes as a stimulus to help fight the outbreak met with bipartisan resistance on capitol hill lawmakers want more targeted measures tokyo ended 0.8 percent lower while cigna slipped 1.9 percent and seoul shed 1.3 percent and while singapore each edged up 0 point one. let's bring in our financial correspondent shelter delaney in frankfurt morning chelsea what's the market's reaction to president trump's stimulus measures. i think there's

a bit of disappointment and best reason to really been lauching on to this idea that there was going to be a big fiscal stimulus coming from the white house and i think what we're seeing is a much more divided response and this really just reminds investors that it's going to take a while to get people politicians in the u.s. to come together for something like this. the proposal that donald trump has put out there is to cut payroll taxes as you mentioned which are typically shared by employees and employers so it could help both both sides of the economy but it's very expensive to estimated to cost about $700000000000.00 which is. the cost of the bank bailout during the financial crisis and there's really no idea of how they're going to pay for that so there's really a lot of other proposals floating around and around right now things like cutting taxes for airlines increasing it's putting more people on paid sick leave but

there's there's really a lot of a lot of work ahead to to see how how politicians can come together on this and i think that's really disappointing investors it's. just a coincidence sure you know seems to be returning with that come from. yeah it's pretty interesting just looking at some of the stock reactions over the past couple of weeks the shanghai composite which is the main chinese and x. is up about 2 percent that's compared to a 23 percent decline for the dax here in frankfurt so there's definitely a lot more optimism about china right now i think investors are really just seeing the light at the end of the tunnel for china they have obviously been dealing with the current virus outbreak for much longer than other countries but they've seen a huge drop off in the number of new cases they've only reported about 20 today and yesterday so they are seeming to have some success and containing the virus that

they're. also seeing the economy restart so factories are reopening even in a little han the area that was hardest hit by the outbreak is saying today that people are going to start going back to work and. chinese president visited rouhani yesterday which is really seen as a symbol of. the success in containing the outbreaks i think that all really helping. believe that the chinese economy is going to be rebounding quite soon some light at the end of the tunnel there in china thank you very much chelsea dillon in frankfurt. the white house also announced a deal with private health insurance companies meant to ease the financial burden of coronavirus testing the u.s. president announced that private health insurance companies have agreed to waive co-pays and fees associated with their diagnosis treatment and care of infected patients the death toll in the u.s.

from corona virus has climbed to 27 almost 3 quarters of u.s. states have confirmed covert 19 infections with almost almost 1000 cases across the united states. and also some of the other business stories making headlines today google as all its 100000 employees in north america to work from home is the largest tech company to enact such a sweeping response to the crew of ours so these will stay at home and so open april 10th. cathay pacific says profits last year plummeted by 28 percent that's $220000000.00 loss is largely related to 7 months of protests and clashes with police in hong kong disrupt to travel the coronavirus is expected to deal another blow to qantas bottom line this year. so bad news for toyota workers the japanese carmaker says it's setting its average pay rise for workers to 20 percent

less than last year's salary hike that's to protect profits from the coronavirus effects and the global economic slowdown toyota is considered a bellwether in japan many other jobs japanese corporations are expected to follow its strategy of saving on wages the u.s. government is giving away another 45 days to do business with american companies this is the 3rd extension. in a row from the trump administration american officials say they are concerned that the telecom giants equipment content security loopholes that allow china to spy on communications traffic company has denied the accusations squabble could force u.s. companies and residents to find alternative supplies. latin america has been one of the least affected regions by the corona virus outbreak so far markets and conses have plunged as fears of escalation rasul investors the u.n.

says economies like argentina and chile are vulnerable now bolivia is 1st to coronavirus cases. argentina was already reeling from recession high inflation and a weak peso. coronavirus and it's a toxic mix in the past few days the marble stock index has taken a battering investors fear dwindling trade in the collapse of tourism to destinations like the capital raise. the un's trade in development agency says latin america is under threat. in the latin american region which is also a vulnerable region we're looking at an economy like argentina. has been contracting as a consequence of its. difficulties with servicing its debt. that that's an economy that will again be struggling as a consequence of the knock on effects of this crisis next door chile's peso has

been slammed by volatility linked to the world wide spread of the virus as well as protests over inequality and social injustice that have weighed on the economy. she lays economy is largely driven by exports ranging from salmon to wine and fruit and vegetables but the coronavirus has also hit the country's biggest export copper as demand in its key markets china plummets. coronaviruses devastating oil prices and ordinary russians will soon feel the impact russia's ruble is losing value their currency has tumbled to 4 we hear low since a deal on global oil output cuts unexpectedly fell apart last week hammering oil prices the ruble is the worst performing currency against the dollar this year it's lost over 70 percent of 17 percent of its value russia's central bank said it would sell foreign currency for the 1st time in 5 years to prop up yelling currency.

nigeria's finance minister has announced a slashing of the budget in the face of plunging oil prices currently oil is trading around $20.00 below what the energy exporting nation needs to finance its budget just how much nigeria will be forced to cut will be determined later this week. ghana is the 7th largest trading partner of china in africa thousands of businesses and traders in the west african country rely heavily on products from china and customs paralysis caused by the outbreak off the coronavirus in china i mean stay calm access vital supplies and struggle to stay in business. joseph obeying has been trading in lighting and electrical products in akra for more than a decade he imports over 70 percent of his products from china the outbreak of the

coronavirus worries obeying his current stock will only last for the next 2 months he's afraid it could push prices up affecting consumers we talk about the money supply the demand is high definitely the money it's constant. as always consume would be meat and then this is forming in the place is going to go up. how do you sort of. consume is products from china used to arrive at ports like this one every month but there hasn't been a delivery here since the outbreak of covert 19 and local importers are blocked from traveling to china to bring in more goods now they fear the worst if the health crisis continues after march there's not even fright in the 1st place. come to know as deliver. have static because lindau flight for a look at those countries. is going to come you know we've got

a good bit. those up you up money well what i would do is supply. some will. so there's a big vast vast of us that there would in 2018 alone trade volumes between ghana in china it's $7300000000.00 imports from china alone accounted for $4800000000.00 that makes gun a chinese 7th largest trading partner in africa guinea and stupendous on chinese products and experts say gonna and other african countries don't have an easy way out of the crisis. everybody looks at china and even if you decided to go to euro cost of inputs could be much higher in europe and not yourself how many businesspeople would be competitive even the west sourcing yet imports from you so i don't think that is an issue that we can get. that ok we don't really mind now if

china with flip to another country because. we're cool man for now all that obeying can do is hope for the virus to be contained in the coming weeks to keep his business healthy. and that's it for me and the business seeing him. much more. analysis on our website www dot com slash business and facebook and twitter follow us then drop us a line. is next with robin merrill just after this quick update on global markets. the for.

me there i'm david and this is climate change. out. bemis in 3 books. the book for you. to get smarter birth free books. good use crime fighters are back africa's most successful in radio drama series continues this season the stories focus on hate

speech prevention and sustainable charcoal production all of a sow's are available online and of course you can share and discuss on africa's facebook page and other social media platforms. crime fighters tune in now. hello and 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 breathe new life into historical buildings turning them into top class . 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 of 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 by no one. and the irishman martin scorsese's 3 hour gangster epic starring robert de niro films were hard to find in units movie theaters after their release nearly all the city 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.