doesn't trump and i'm serious trips to slow the spread of the coronavirus refer to fishelson decisions made without consulting the. this is d. w. hat business africa is up next for step 5 the face of a mohawk more world news at the top. berth. home to those of species. worth saving. given those are big changes and most start with small steps to. tell stories of creative people and innovative projects around the world. news that can turn the good news to great image solutions and enforcement should. create interactive content teaching the next generation of them took attention.

all channels available to inspire people to get shoes and more determined to build something here for the next generation globally as the environment series of global 3000. extensive travel bans and even more chaos just when you thought it couldn't get any worse the krona virus takes another huge bite out of global financial markets this crisis is well followed up. some good luck for south africa domestic gold production is up as the gold price climbs over the past august. and what's more expensive than gold 10 times its dollar palladium is also seeing the booming market will let you know what. let's do business fears over the spreading coronavirus

hammering markets around the world says a wall street plunge thursday triggering a stop in trading for the 2nd time this week the dow jones industrial average fell by 9 percent shortly after the start of trading is that love coming amid growing uncertainty over global measures to contain the economic damage of the pandemic follows the announcement of a travel ban to the u.s. for most europeans and mirrors tough trading sessions in asia and europe where investors were unhappy with stimulus measures. brussels has hit back at washington's latest travel ban e.u. officials say it came without any consultation u.s. president donald trump says there was no time for talk. the global industry has been shaken up dramatically by the corona virus outbreak empty plans travel bans and forced flight cancellations have become the new normal that has already made things difficult for airlines on wednesday night

a fresh blow to keep new cases from entering our shores we will be suspending all travel from europe to the united states for the next 30 days the new rules will go into effect friday at midnight. the ban has several exceptions it does not apply to u.s. citizens permanent residents or immediate relatives of citizens ireland and the u.k. are also exempt as are other countries outside the european schengen passport free travel area. and although donald trump suggested otherwise the white house has clarified that cargo flights will not be affected. nonetheless the move will have a huge impact on european and u.s. airlines that regularly cross the atlantic ocean. nearly 40 airlines operate around $560.00 passenger flights daily in both directions that acquits to nearly $17000.00 flights and $4800000.00 seats in

a 30 day period among the european airlines most affected will be lost tons of air france and care lamb u.s. airlines such as delta and united will also suffer. last week the international air transport association said the global industry could lose over 100000000000 dollars as a result of the coronavirus pandemic given what has happened since that now seems like a very conservative estimate. was it the least otto is at the new york stock exchange for us who say why are investors reacting so negatively there to trump's measures. basically because there was a lot of confusion not only because trump as we heard did not give a heads up to european allies but because he surely did not glorify a decent travel ban also called trade and european products after he's message on wednesday actually he did have to tweet to make it clear measure will not affect

trade or goods or only people but there were concerns about that too also when the situation disrupts as we heard to trouble for millions of people and have a significant impact not only on airlines about also shipping companies among other sectors there's panic at many european airports right now any news on a fiscal stimulus plan coming from congress. sadly not yet legislators and their white house say keep working on a bill that will initially include help for those who don't get paid if they don't go to work however details they can change it still since republican legislators sent a trumpet ministration were not in line with the planning produced by democrats to capitol hill so we have to wait and see sense that also said he's not ready yet to declare a state of national emergency what about the fed more cuts in sight what do you

reckon. probably dears and we just heard it will introduce a model of liquidity starting tonight but traders and investors have been saying for days that cheapening the cost of money it's not the main answer and that monetary policy is not going to make the virus go away what will do the transparency and headlines about contagion this will happen when testing increases and maybe we get a more clear numbers that allow getting the situation under control. happens and we gave a handle on how much dark damage at the virus has done to the economy is when probably markets will start to recover containing the contagion thanks for clarifying the situation for us in new york. the e.c.b. is releasing a batch of cheap loans to help member states deal with the virus and expanding its

bond buying program both moves intended to stabilize jittery markets and aids small businesses it's not working the e.c.b. also saying it'll ease capital requirements for banks in the e.u. to improve liquidity at the governing council led by a new president christine legarde left interest rates unchanged diverting from central banks to the u.s. and u.k. that saw the dax plunge. the god made it clear that the e.c.b. also wants to see financial efforts at a state level and ambitious and coordinated fiscal policy response ambitious and coordinated fiscal policy response is required to support businesses and workers at risk. the governing council strongly supports the commitment of euro area governments and the european institutions to joint and coordinated policy action in response to the repercussions of the spread

of the koran or virus. let's look now at how the spread of the virus is having an effect elsewhere in the world. has asked itself as work is based in the united states canada japan europe and south korea to work from home until april 6th has $27000.00 employees worldwide half of them outside the way this. is the current virus stimulus package announced by a straight in prime minister scott morrison today is worth about $11000000000.00 u.s. dollars millions of low income earners will receive one off cash payments as part of the plan from. kenya airways is reportedly joining in the flight bag and stopping all flights to rome and geneva due to the virus the kenyan government had already ahd direct flights from hubs in the open italy to the resort city of mombasa. and ghana has set aside $100000000.00 president hu for idols says the money will help soften any economic fallout from the disease

got to his yet to record a positive case immediately was ivory coast and keno fast so had. south africa's mining sector is beating expectations chalking up its fastest growth in almost 4 years it's a rare glimmer of hope for the continent's most industrialized economy which has been plagued by rolling blackouts and high unemployment all that glitters may in fact be gold for the south african economy. where mining forms the bedrock of the country's economic. after years of stagnation the mining industry is finally on the up tick production was up 7.5 percent year in year in january. past analyst expectations. a spot of good news among the negative economic headlines that have been plaguing the country for the last several years south africa officially entered its 3rd recession since the end of apartheid last quarter. unemployment is

high. rolling blackouts have become commonplace thanks in part to national power producer as comes crumbling infrastructure. the power shortages have cost companies hundreds of millions of euros in lost output. spoke gold prices are down slightly today a lady i'm taking a big drop it hit all time highs earlier this year making it almost twice as expensive as gold a lady has used in catalytic converters for gasoline and hybrid cars to help clean exhaust emissions or to make is needed to meet tighter emissions standards the surgeon prices being driven by under-supply wide 270 tons of palladium a used every year but only about 230 tons reach the market russia is the biggest supplier with 86 tons last year moscow strictly controlled supply russia has followed by south africa with 80 tonnes and canada with 20 tons.

of catalytic converter contains up to 45 grams of petn. which makes the scrap extremely valuable german company able cut recycles the precious metal just one of these exhausts can sell for up to 2900 euros for the platy i'm alone entrepreneur christophe's reza has never seen prices like this. here these precious metals are used in the email ity sector for electric batteries people are speculating on there being a growing demand and that's driving the prices sky high. south africa is the 2nd biggest producer of palladium after russia this mine is about 2 and a half hours drive from johannesburg palladium is extracted as a byproduct of platinum mining demand is rising the precious metal is vital for the systems that clean exhaust emissions in hybrid and gasoline cars. and manufacturers are under pressure to comply with increasingly strict emission standards so there

are other more the industry uses about $9000000.00 ounces of played him per year forces $3000000.00 ounces of platinum i don't think that there's speculation that's driving a surge in prices i believe it's supply and demand fundamentals. here in germany behind this steel door and one meter thick concrete walls rare earth and precious metals a stuart investors are hoping to cash in on the high demand for palladium. these small 100 gram cost around $9000.00 euros each comes out in the premium costs the there's limited availability of this raw material and there's a growing number of applications for it too that gives people confidence that the value will remain stable and that it could quite well go up.

because even does a prize or no high. end gurlitz on the polish border palladium is even keeping the police busy especially investigators looking for thieves who have so far stolen more than 80 catalytic exhaust combatives from parked cars 5 arrests have been made so far to me. so let's hear from das we assume there's a market for them in eastern europe they probably burn or melt the precious metals and put them back into production and tools of the. business with.

to the point. clear position in the international perspectives. more than a 100 countries around the world are in the grip of the coronavirus thousands have died and many more are infected and this business has struggled to stay alive great fears of a global recession sound to deal with the i find out all to the point short. to the point. of being 16 hours on.

end. video and audio. lists instead of being is africa coming up in the next 15 minutes the pearl in a virus 10 days in africa still appears to be an a fix it by the outbreak nigeria has been praised for its response and people in pain call van carrying on. and i do worry days this reprogramming means you're no no no no no no no those are the will for the beautiful left to think they're desperate to be don't push out the word a little just. as we take a look at the other genre the biggest performing observations.