it is for me. it's for. a children is for him. and beethoven is for. beethoven is for covering john. wayne tobin 2020. 5th anniversary here on d w. it's a comedy on the still following massive corona related losses in markets on thursday some are a spy today and early stuff in asia was taken back by a recovery before closing while in europe markets have reacted well to increasing government the trainmen measures. as markets continue their spiral

a ray of hope from china beijing claims the worst is over. and workers are returning to factories. and football club's finances taking a beating as teams play them to stadiums prime time measures. this is business as in berlin welcome. after thursday's battering of a coronavirus fears a little response for markets on friday yesterday was the largest one day loss on wall street since 980 seven's black monday however fears of a similarly brutal day for stocks today have eased asian indexes continued to fall in early friday trading before rallying the shanghai composite and the sayings all shop early losses but recovered well to lose around one percent each japan's nikkei closed down much was down 6 percent early european trading suggest some cautious

optimism is returning following the massive losses yesterday the 4100 is up by 4 percent while the french the dax in paris cac currant have also had strong gains and let's go straight to correspondent for national correspondent chelsea delaney in frankfurt chelsea so not as bad as everybody is so what's the mood like in frankfurt what are you hearing. we're definitely ending on a higher note this week the docks is up about 4 percent here in frankfurt but it's been a brutal exhausting week if you think about monday when oil prices were down 30 percent the dax is down 8 percent and its biggest loss since $911.00 feels really like a lifetime ago i think over the past 12 hours or so about a half dozen central banks have come out with trillions of dollars in liquidity to help stabilize markets just started with the fed and we've just seen really a continued effort from central banks from japan to norway to sweden really

stepping in to help keep it markets trading and we're also seeing a lot of governments getting closer to stimulus packages that would help businesses impacted by this and police who are laid off so the u.s. germany all talking a lot about getting closer to passing measures like that but just just a rebound like this today doesn't erase or really make up for the huge losses we see in this week the dow the dax is still down about 20 percent for the week. so the interest and the european central bank. around the world has not lowered interest rates will you read into the. the e.c.v. is really standing out as the outlier here as the central bank that hasn't taken dramatic moves to to sort of help shore up the economy if there had been a lot of expectation coming into this meeting it was being seen as really defining

moment and combating the crisis but they decided not to cut interest rates one reason for that is because negative interest rates here and in europe are already having really severe consequences for banks who find it very difficult to lend but also consumers who find who don't really earn any money off of savings so there's an idea that cutting rates further would have hurt the economy but there's also just a growing idea that this is this crisis the economic side really has to be handled by and by governments and the government support and i think the e.c.b. was also really hammering that home yesterday that governments need to step that. sensibility in frankfurt thank you. now the tonic fuel cell of this week hit pretty much all asset classes across global markets and cryptocurrency is one no exception bitcoin promises to its lowest level in almost

a year old friday before rebounding sharply turned out to be quiet to ride the digital currency falling over 20 percent an overnight trading to around $3850.00 before clawing back some of those losses. in turmoil some encouraging news from china beijing has announced a drop in the new cases the government's insist the worst is over beijing is doing everything they can to convince the world that they have the situation under control of that workers are returning to factories. on the surface life in china seems to be slowly returning to normal. people are still taking precautions but at least they're daring to venture out in public again some factories have reopened but things are happening at a different pace in each region state authorities are pushing an optimistic message . oh things started to slowly improve in february

we had an increase in customs declarations and the volume of cross border freight traffic increased so china's foreign trade has also been gathering momentum recently. production is still getting back to full speed there is a 14 day quarantine period for all international arrivals at beijing's airports from europe this is keeping the brakes on normal output life in china still takes place in the shadows of the virus with temperature checks monitoring and other bio security measures. it's not just stock markets that are suffering ordinary small and medium size businesses are fighting for survival to take german mail out of fashion retail also the average jackets they sell contains 20 different components from ultimate cereals who lying or but you can imagine the headache this causes for global supply chains especially with

a firm sourcing in china the company has 600 supplies there accounting for 40 percent of all deliveries most of the textiles company has offices. last year also imported 80000000 items from china. and i'm now joined by michael duncan he's the c.e.o. of harris auto international and he speaks to us from hong kong michael how bad is the situation from way you want. it is improving and particular we see now at the recovery rate on the factory side more than 8 percent its effect i have read oughtn't they alter the return of the workers by far than simply some percent zol average delay of the orders it's around $2.00 to $4.00 weeks so we really see a way to be an improvement for china but since we're a global company now we're worrying certainly about other places like turkey india and what will come up there and what probably the impact. that's a that's

a good point what is also doing to pound to the damage the continuing damage to supply chain. we have one advantage when you're a global company and global organisation is $23.00 offices worldwide so we are all major markets so that's why when you 2 are certainly very much the situation in each market and it where business is syria shifting orders from one market to the other which is not always easy when this is east giving us a surplus ability that the only touring the situation closely can keep the demolition forecast and missed as low as possible but there is a huge impact there's no doubt. do you think consumers will actually change their spending habits over the crisis. i am very sure i mean we have the big advantage company is one of the largest companies worldwide and in the online business certainly has it wanted versus the retailer because people are afraid to go out so then we'll have an advantage but overall i'm very sure that the consumer

climate will have a negative impact and even as far as it will happen and there's no doubt how big that it is that impact going to be have any idea. this is very difficult to say to be honest i mean we are very happy now because the recovery in china and you can do all this that you wrote no we expected it to be honest when it started here in china and i'll call you know we see what the interview and you just mentioned all the words so it's really difficult to say and i don't want any in a presumption and you know i would mention. michael the c.e.o. of how is also international thank you very much for this update figure. american economic a tesla is temporarily withdrawing its employees from germany due to the entry ban imposed by the u.s. on passengers from the e.u. in the wake of the corona crisis the ban begins on friday according to the company

it won't affect the schedule for building the plant. land has been cleared for the project tesla wants to begin production that early as july of next year and build up half a 1000000 vehicles that. socket more japanese rice why is an iconic and a true color is symbol of japan and one reason region that has a long tradition of making the highest quality soccer around the only problem region is focus shiba home to one of the worst nuclear accidents in history 9 years after parts of the area are still off limits to humans so how to suck a company's then stay afloat. over the years your hero mia maurice flagship saki sharrock who has become one of japan's most popular saki brands after the earthquake in the following tsunami and 2011 nuclear reactors in fukushima started

melting down and radioactive material was released from the damaged reactors that caused concerns about the effect of radiation on rice and water in the region key ingredients for saki. and heidi given that in the courts i completely understand why people were worried you know said to me about us using rice in water from fukushima heidi. we have been told about their concerns many times. 9 years on fears over radioactive contamination in food continues but in spite of that fukushima is still the most renowned prefecture in japan for making socket brewers here still win the most trophies at japan's infamously tough soccer competitions despite the uncertainty caused by the disaster . a move right after the earthquake we had no idea what would happen.

like the amount of radiation that would be in the right we had nothing to compare it to. i was concerned we wouldn't be able to make saki until it was confirmed that the radiation levels were safe. but if i could either go i'm sure other soccer makers in fukushima felt the same way. the fukushima region is hoping for a boost when the tokyo 2020 lympics begin on march 26th. and that's it for me and the business team for more go to a web site that's w dot com slash business now. robin merrill is next he has all the latest arts culture stories for you just offer our brief update on global markets after so for.

up to date don't miss our highlights. program online w dot com highlights. i think is everything churning 1st i'm a muslim. saw much different culture between here and there challenging for

everything. i am. concerned with the figure was worth it for me to come to germany . to shop and figure out my license to work as a swimming instructor in. an hour and 2 children 100 oldsters from fast just to see . your story take part charity on info my greenstock met. him in. the. hello welcome to news from the world of arts and culture here is a look at what's coming up today. a young polish hamza tanna who's getting rave reviews in the opera world as an unexpected talent. and

a french graffiti artist who creates the illusion and then appears in the most wow . box we start with a movie that's been talked about a lot at the moment never rarely sometimes always is about the difficult subject of teenage pregnancy and abortion in america where such rights or lack of them are very different from state to state that says 1st let's have a look at the movie and some great acting from the 2 newcomers who really carry the film. then it looks like it was if. it's policy is there any way. to know the person is only 90. minutes.