the virus death toll continues to climb in iran as officials pleas of billions in loans from the international monetary fund. and how japan's famous stock in companies from fukushima managing to stay afloat almost and decade out of that nuclear meltdown. are going to school and that's your business it's been quite a ride for markets around the world this week mostly in the one direction down what's asian indexes were in for much of the pain even as china continued to send positive signals about declining case numbers and factory rio things taking a look at how shares fared over the full week not a pretty picture on kong's hang seng down almost 10 percent after investors dismissed the government's stimulus plans tokyo's nikkei and the south korean costly both enjoying double digit losses as the global scene wasn't well it's not just the stock market that's in turmoil ordinary small and medium sized businesses of fighting for survival it's causing

a big headache for global supply chains especially with firms that source from china. having technical difficulties there moving on as more schools and companies close across europe the european union has earmarked 37000000000 euros in structural funds to help out firms impacted by the coronavirus here's what commission president also found alive had to say we all know the price not only. but only. if

a many. and all the european economy. will. own. 59. 1000000000 euros for almost. 2 months. to the hope. now let's take you over to our frankfurt financial correspondent chelsea the lady what's the reaction to that speech from for the line. $37000000000.00 it's certainly wall excuse me euro's certainly welcomed by investors but what's really important is the fact that that you commission is going to allow flexibility and budgets and then it within the e.u. e.u. countries are sort of they have to keep their deficits at

a certain level they can't really go above that that's going to be a big problem for a country like italy which already has a huge debt burden about 130 percent of g.d.p. and now they're just facing norma's economic challenge that they need to combat with a lot of with a lot of spending they need to keep money flowing to businesses they need to keep money flowing also to consumers who are out of work right now and under normal rules they wouldn't be allowed to do that so the fact that they are signaling that italy and other countries are going to have flexibility is seen as a really crucial part of this part of this announcement to maximum flexibility from the e.u. and as far as the german government goes no limits. no limits at all this is been a pretty big surprise because the german government is is known and has over the past several years been quite hesitant to spend a lot of money and they've really stuck to very low debt deficit so they're really

throwing that all out the window and now they're talking about having $500000000000.00 euros available to lend to businesses unlimited credit for it all types of businesses they're talking about tax cuts tax cuts we're talking about even nationalizing businesses if it gets to that point they don't believe it's fair right now but this is really instilling a lot of confidence in investors who had started to doubt the ability of both. and central banks to offset this crisis and that's one reason why we see markets come right back around today just a gloomy thanks for covering the chaos for us in very 1st. with a panic fueled selloff this week had pretty much all asset classes across global markets cryptocurrency were no exception bitcoin suffered its worst daily dose in nearly 7 years on thursday by almost 40 percent and it fell another 20 percent on friday to its lowest level in almost a year it's clawed back some of those gains but this underscores its challenges in

becoming a usable currency. iran is in a tight spot the outbreak is just the latest strain on its reeling a commie u.s. sanctions have slashed its oil exports the world bank says tehran needs to export 500000 barrels a day to stick with its budget at the moment experts reckon they're only managing huf that oil prices of also plunged over the past weeks so with revenues drying up iran's economy is shrinking by about 9 percent this fiscal year according to the world bank will be a 10th of economic output gone. into the coronavirus these pictures are from the march case numbers have only risen since then emptying out markets around is now asking for a $5000000000.00 rapid loan from the international monetary fund central bank director. says it's urgent as he points out no one should lose his life because of a lack of funding for medical equipment well let's talk about this with theresa

trumpet she's just back from tehran one about the w. reporters to raise a how dire is the situation and the need for this i.m.f. loan very diana otherwise they wouldn't be asking for it that's for sure because it's the 1st time in 6 decades that iran has asked for help and i mean if you remember how big of a role the united states play in the fund then it's actually quite a remarkable day. doing it now because it basically means the islamic republic is asking its arch enemy for help that shows how much help is needed right now to battle the virus and its economic consequences of course because you also have to see that iran's economy was already in a pretty bad state before the outbreak began and basically ever since the u.s. pulled out of the nuclear deal and impose fresh sanctions people and businesses have been struggling to make ends meet on the virus might now push them over the edge so that's why he runs foreign minister has urged the i.m.f.

to act and he treated the french it here to its mandate stand on the right side of history and act responsibly the i.m.f. has already said it would help out countries in need but the e.u. isn't going to budge on those sanctions is it well that's the big question here because of course those sanctions also have a very big effect on the fight against the virus there might even have something to do with the actual outbreak because this sanctions made it impossible for iran to do business with other countries except china as a china was its a lifeline to circumvent those sanctions and they kept doing business with china even after the outbreak they had because you just can't stop doing business with the only country that still doing business with you and even now the sanctions having an effect on the fight against the virus because iran has a severe lack of medical equipment not so much because there are sanctions against medical equipment but because of the financial sanctions that make it almost impossible to buy stuff from other countries and actually pay for it so sanctions

are severely hampering the fight against the virus but so far from washington no signs of lifting them it sounds like the establishment in tehran though has been its own worst enemy because iran has not done a good job of containing this virus in the 1st place not so much many iranians are blaming their own government for mismanaging the virus crisis for doing too little too late because iran has actually has a very good health system in the region. but that's not enough because the outbreak started in hama city with many students with many clerics from other parts of iran from even from other countries but there was no karen time imposed so people could travel to tehran and to other big cities as well so that allowed the virus to spread and big events were also not cancelled not even the parliamentary elections that went on this planned like i think just 2 days after the 1st cases were reported many people are very critical of that and apparently now they are changing

their mind and imposing stricter measures but that won't change the fact that many iranians do not trust their own government when it comes to protecting them and they come so late stories of trouble thank you very much for filling us in. the japanese region of has a long tradition of making the highest quality saki around but as you know it's also home to one of the worst nuclear accident in history 9 years on some parts still off limits for humans so how have the famous sucky companies managed to stay afloat. over the years yoshihiro 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. now heidi given that you know courtsey kill i completely

understand why people were worried. that the meat about it was using rice in water from fukushima heidi. we've been told about their concerns many times at the equator well 9 years on fears over radioactive contamination in food continue 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 . now i'm sure from again from right after the earthquake we had no idea what would happen. like the amount of radiation there 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 get 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 just briefly tesler is temporarily withdrawing its employees from germany to to the entry ban imposed by the u.s. on passengers from the e.u. over the coronavirus according to the company board affect the shadow for building the plant neighborhood in wetland is being cleared for the project test of wants to begin production there as early as july of 2021. by some business of it.

go. from the slums of mumbai out into the world and e-commerce start up launched an online platform the merchants can use it to offer their products on bigger markets and expand beyond their own local clientele. to give them a postilion libya. for a time payment. for information. they want to express to them on facebook and twitter up to date and in touch follow us. towers my story. on the. people who planned me.

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a bought. this is due to be a news live from berlin and europe can withstand the shock of the coronavirus commission president was a fine the line outlines measures that she hopes will soften the blow to the blocks economy she says brussels will do whatever it takes. as europe becomes a new epicenter of the disease people face the stark reality of shutdowns travel bans and calls to limit social.