i'm mariko oi in singapore. the headlines: counting up the coronavirus cases. worries about the severity of the outbreak grow ever bigger after china revises the number of those affected. chaos in south africa's parliament, as president ramaphosa attempts to give a state of the nation address. hello. i'm nuala mcgovern in london. also on the programme: a shock shake—up in british politics. the chancellor, sajid javid, resigns after he's ordered by borisjohnson to sack his advisors. re—thinking the origins of the solar system. why scientists at nasa now say our beginnings were more gentle than previously thought.

welcome to asia business report, live from singapore with me, mariko oi.he highest number of coronavirus cases outside china. its economy has also been hit ha rd by china. its economy has also been hit hard by factory closures in china because 90% of south korea's exports go to mainland china and exports make up almost half of the country's economic output. these include things like smartphone chips as well as displays and many economists were expecting a helping hand from the central bank, hoping it would cut the cost of borrowing to a new record low, but the bank of korea made a surprise decision this morning to keep rates on hold at one point to 5%. the central bank will hold a news conference in the next hour to explain its decision. earlier i spoke with economist alex holmes, who spilt out other ways south korean officials could boost the economy. we don't yet have much information on what the fiscal support will be but we suspect it will be something along the lines of what was announced in singapore last week, mainly focusing on helping businesses t

i'm mariko oi in singapore. the headlines: the biggest points fall in wall street history as concern over the economic impact of coronavirus grows. and on the coronavirus front line. a chinese doctor tells the bbc the world can't afford to underestimate the threat. in one night, i lost five lives. i should warn the rest of the world that you guys should take care. i'm lewis vaughan jones in london. also in the programme: dozens of turkish soldiers killed in idlib — turkey says it's retaliating against syrian government forces. and in the philippines — we return to the volcanic island devastated by last month's eruption. the roof has collapsed in on itself under the weight, and here, a sign of its former life, a caged satellite this in ash —— this satellite this is caked in ash. voiceover: live from our studios in singapore and london, this is bbc world news. it's newsday. good morning. it's 8am in singapore, midnight in london and around the world, countries are battling to deal with the spread of coronavirus. t

mariko oi in singapore, thank you.ure in terms of the global economy and financial markets. but what about the disruption to everyday business around the world 7 business events and conferences are being cancelled — non—essential trips banned — and in asia in particular staff are being advised not to come into the office. some employment experts are calling it the world's largest ever experiment in working from home. even injapan — famous for its long hours culture — the government is encouraging home working. the country's top bank mufg, top advertising agency dentsu and cosmetics giant shiseido are all encouraging staff to stay out of the office. the global business travel association says spending on business travel could slump by more than a third — meaning losses of over $46 billion dollars per month. it found most companies have simply cancelled all travel to china — with trips to neighbouring countries also cut back significantly. on thursday we spoke to the head of the us chambers of commerce in china about the

i'm mariko oi in singapore. the headlines: counting up the coronavirus cases. worries about the severity of the outbreak grow ever bigger after china revises the number of those affected. chaos in south africa's parliament, as president ramaphosa attempts to give a state of the nation address. hello. i'm nuala mcgovern in london. also on the programme: a shock shake—up in british politics. the chancellor, sajid javid, resigns after he's ordered by borisjohnson to sack his advisors. re—thinking the origins of the solar system. why scientists at nasa now say our beginnings were more gentle than previously thought. live from our studios in singapore and london, this is bbc world news — it's newsday. good morning. it's midnight in london, 8:00am in singapore and in china, where the world health organization is seeking further clarity from beijing about recent changes in how coronavirus cases are being diagnosed. the number of confirmed cases in china increased by 4,823 and 116 new deaths reported on thursday. there are now over 50,000 cases of coronavirus in the hu

thank you, mariko oi.s. 19 civilians including a number of children are reported to have been killed in attacks targeting rebel—held territory in northern syria. earlier there was fierce fighting around the town of nairab as russian—backed syrian government forces wage an offensive to seize idlib — the final major territory in syria still controlled by opposition fighters. preparations are underway in egypt for a military funeral for the former president hosni mubarak. he died on tuesday morning at the age of 91 — nine years after he was overthrown during the arab spring protests. lawyers for harvey weinstein say he will put together a team of "very brilliant lawyers" to lead his appeal against conviction for sexual offences. he was found guilty on monday of a criminal sexual act, and rape in the third degree, and was then taken to this hospital under guard after reportedly falling ill. delhi has seen its worst violence in decades as rioting between opponents and supporters of the controversial citizenship

i'm mariko oi in singapore. the headlines: china confirms 4,000 new cases of patients with the new coronavirus and 116 new deaths in hubei province. a shock shake—up in british politics — the chancellor, sajid javid, resigns after he's ordered by borisjohnson to sack his advisors. hello, i'm nuala mcgovern in london. also on the programme: chaos in south africa's parliament as president ramaphosa attempts to give a state of the nation address. rethinking the origins of the solar system — why scientists at nasa now say our beginnings were more gentle than previously thought. voiceover: live from our studios in singapore and london, this is bbc world news. it's newsday. good morning. it's 1am in london, 9am in singapore, and in china, where the world health organization is seeking further clarity from beijing about recent changes in how coronavirus cases are being diagnosed. the number of confirmed cases in the hubei provide of china increased by over 4,800 and 116 new deaths have been reported. there are now over

mariko oi, thank you very much for that.violence in decades as rioting between opponents and supporters of the controversial citizenship law has spread to new parts of india's capital. at least 13 people have been killed and hundreds injured — many of them police. the riots have coincided with president trump's first official visit to india. our correspondent, yogita limaye, sent this. for a second day, parts of delhi have descended into chaos. areas where hindus and muslims have for centuries lived side—by—side, have erupted in anger. this is the worst religious violence india's capital has seen in decades. this is a tyre market that has been set on fire. most of the shops here were owned by muslims. we have seen signs of arson all day, while we have been on the road. and we are just a few hundred metres from a place where there were violent mobs carrying sticks and stones. it all began as clashes over india's new citizenship law, which grants amnesty to non—muslim illegal immigrants from three neighbouring countries. but w

mariko oi is in singapore. mariko, we have been hearing about us companies and the impact there.a, we are starting to hear from those foreign companies operating in china. for example, yesterday we had from the british chamber of commerce there warning io— 20% losses in revenue. and today as you said, the american chamber of commerce released its findings with some companies saying that their reve nu es companies saying that their revenues for this year could decline by more than half, if the outbreak continues in of the outbreak continues in of the summer. of course, there area the summer. of course, there are a lot of uncertainties as to how long this epidemic may last and only about one—third of american companies there expect it to calm down by the end of march. not surprisingly, their biggest challenges travel restrictions. of course, parts of china remain in lockdown and that has had a huge impact on the global supply chain, especially carmakers around the world. and a lot of people are also working from home because of the outbreak, which is somewhat reducing productivity

morning and welcome to this friday edition of asia business report, live from singapore with me, mariko oisingapore with me, mariko 0i. let's begin with the us—china trade war. it has taken a backseat because of the coronavirus outbreak, but later today some of the tariffs will be reduced. 0n the chinese side, beijing will cut tariffs on $75 billion worth of american products, primarily fierce, seafood and auto parts ——. but the big parts of the economy affected, pork and soybeans, they will see a reduction of just soybeans, they will see a reduction ofjust 2.5%. soybeans, they will see a reduction of just 2.5%. meanwhile, soybeans, they will see a reduction ofjust 2.5%. meanwhile, washington is cutting tariffs on $120 billion worth of chinese goods by half from 15- worth of chinese goods by half from 15 - 7.5%. a worth of chinese goods by half from 15 — 7.5%. a chinese economist from ing told us this is a good step forward —— china economist. ing told us this is a good step forward -- china economist. having the tariffs on the september one list is representing that there is a truce in no

our business reporter mariko oi china. our business reporter mariko 0i is in hong kong with more.those markets have opened and we have been anticipating the open west of the chinese putting all of the stimulus into the market to try to mitigate some of the effects but we are saying this terrible bloodbath on both the shins and and the shanghai composite index is. indeed. both markets opening 9% lower, just imagine how much of a file i would've been without that stimulus measure being announced over the weekend. also here in hong kong, the index opening about half a percent lower. we saw a sharp fall just as they returned from lunar new year holiday last week. a mass amount of money being pumped in to the money markets. the total injection was 1.2 yen trillion, a whopping $174 billion but as you said, the net effect is about 22 billion us dollars. basically what the chinese authority are trying to do is avoid a credit crunch to ensure there is enough money for businesses to borrow and for bank lending to each other because any signs of a credit crunch would spook investors and with

let's go to our asia business hub where mariko oi has been following the asian markets for us. not too can imagine. they are extending their losses from tuesday, from all the indices in the region. the fall is not as sharp as what we saw on wall street. that's partly because asian markets have been reacting to the outbreak for a month now, unlike wall street which has just started to react rather significantly but as a result, we are seeing asian markets taking the cue from wall street is well and that's why we are seeing this significant. the japanese yen, seen as a safe haven, strengthening at a time of crisis, also australia is down by nearly two 5%, especially resources shares because of concerns of a global slowdown. we've been hearing the last couple of hours, on, revealing details about the budget steps being taken. in the case of hong kong, is not just the virus but also months pro—democracy protest as well as the us china trade war. the economy is officially in a recession which is defined as two consecutive quarters of contraction. the government has just announced 15 billion

good morning and welcome to asia business report, live from singapore, with me, mariko oi. let's begin with asian markets, because they have opened sharply lower after stocks slumped in the united states, as investors a re stocks slumped in the united states, as investors are growing increasingly concerned about the coronavirus. japan's benchmark nikkei index has opened 2.5% lower, currently extending its loss now down by more than 3%, and hong kong's hang seng index has also opened 2% lower. and this comes after one of wall street's worst days since the 2008 financial crisis. check this out. all the markets on wall street falling by more than 4% —— hang seng. the dow in fact more than 4% —— hang seng. the dow in fa ct lost more than 4% —— hang seng. the dow in fact lost more than 1000 points in one day, taking its weekly drop down to 3000 points so far. it didn't help that goldman sachs, of course, one of the world's best—known investment banks, warning that the coronavirus may wipe out any growth in american company profits this year. and this is what former us federal re

mariko oi is in hong kong for us. can see from his peace, despite everything the chinese government has been doing over the past few days, the number of infected and indeed the death toll continues to rise. that is right and that is causing a lot of concerns here in hong kong and over the weekend we attended a meeting with the medical unions who voted against as of today, u nless voted against as of today, unless the government closes all borders with mainland china and sundays they had authority negotiations that did not go well. nonessential staff and thousands of doctors and horses are walking out. they say if the government does not meet the government does not meet the man to make demands by the end of today, even essential staff are expected to go on strike on tuesday. best union it is important to emphasise was pro—democracy demonstrations last year and when we attended their meeting they were not shy that this move is very political and to put more pressure on the leader, but at the same time they say this is

i'm mariko oi, in singapore. the headlines: stock markets fall sharply in europe and the us overfears of the coronavirus — the dow closed down 3% for the second day running. south korea struggles to contain a sharp rise in cases of the virus — its leader says covid—19 must be contained. i'm kasia madera, in london. also in the programme: more than a dozen people are killed in the indian capital, delhi, in the worst rioting between hindus and muslims for decades. this is a tyre market that has been set on fire. most of the shops here were owned by muslims. we have seen signs of arson all day. and indonesia's plans to move jakarta, the world's fastest sinking city, to the jungle—covered island of borneo — but at what cost? live from our studios in singapore and london, this is bbc world news — it's newsday. good morning. it's 9am in singapore, 1:00 in the morning in london, and 8pm in new york, where stock markets have fallen sharply for a second day in a row. investors are increasingly concerned about the coronavi

let's get the latest from the bbc‘s mariko oi, in singapore, who's following the market reaction in asiang too good at all in asia. many markets in the red. it is not as sharp as wall street but that is because asian markets have been reacting to the coronavirus outbreak for almost a month now, unlike wall street. they are extending their losses from tuesday. the nikkei fell by 3% yesterday. the japanese currency is yesterday. the japanese currency is seen as yesterday. the japanese currency is seen as a yesterday. the japanese currency is seen as a safe currency is seen as a safe currency by traders so, at a time of crisis and uncertainty, it gets stronger and that is bad news for the country's exporters because it makes them less competitive. and that is why the nikkei has been hit quite high. the australian all odds are down 2.5% at this hour. mainly all the resources shares have been hit hard because lower global economy means because lower global economy m ea ns less because lower global economy means less demand for those resources . means less demand for those resources. on wall s

mariko oi in singapore has more. a very popular south korean group, are cancelling their concerts. but it's not just bts. cancelling their concerts. but it's notjust bts. a lot of concerts in the region have been cancelled also in the past few minutes. we saw that tokyo disneyland will close as of saturday, and that is the bigger worry for many economists, because when people stop going out, when they stop eating out, and with all the school closures, for example, injapan, how is that going to affect working parents? whether they can actually get to work, all of that could actually have all of that could actually have a bigger impact on the region's economies than the actual outbreak, coronavirus outbreak itself. and until recently many experts were saying, you know, after the sars outbreak of 2003, the recovery was relatively fast. but now some are questioning, because it has now become really a global problem, whether or not we can actually see such a quick recovery after this outbreak. 33 turkish soldiers have bee

i mariko oi in singapore. the headlines: president trump tries to calm fears over the spread of the coronavirus, telling the american people the risk remains very low. we are very, very ready for this, for anything, whether it's going to be a breakout of larger proportions or whether or not we are, you know, we are at that very low level. international efforts to contain the coronavirus outbreak intensify as more new cases are recorded outside of china than inside. and i'm kasia madera in london. also coming up here on newsday: india's prime minister calls for calm as more than 27 are killed in sectarian clashes in delhi. and the pope tells catholics around the world to give up online insult for lent. voiceover: live from our studios in singapore and london, this is bbc world news. it's newsday. good morning. it's 9am here in singapore, 1am in london and 8pm in washington, where president trump hasjust made a statement on the coronavirus outbreak. he announced that vice president mike pence will be in charge o

mariko oi reports. tensions are high. this city feels on edge.this new epidemic brings back memories of the sars outbreak of 2003, which killed nearly 300 people here. as coronavirus spreads, some medical staff want the government to stop mainlanders from entering the territory. this union says it represents 18,000 medical staff who work for public hospitals. that is more than a fifth of the total of public health workers. the hospital authority employees alliance is a new union that was formed late last year, during the pro—democracy protests. 60% of the members are young nurses, and it grew rapidly in the last few week, since the outbreak. they've just voted to walk out from monday morning, unless the government gives in to their demands. they will be negotiating with the authorities on sunday, but if the strike goes ahead it would add to the pressure on hong kong's leader carrie lam. the move is highly political. one of the groups leaders says the possible strike is their response to the government's uneffective measures. the whole action or s

mariko oi, thank you very much for that.fornia have confirmed the first person to person transmission of the coronavirus in the united states that's not related to travel. live now to our correspondent chris buckler. chris, give us the latest on this, first of all, if you would? in california in particular, it is worth pointing out it sets out america's real challenge as far as preparing for any potential spread of the coronavirus in a community. because we were talking about something like 8.5 thousand people being tested for concerns that they could be infected with coronavirus and they have something like 200 test kits. it gives you this idea that inside the states there is a real concern that perhaps they are not prepared and ready to deal with the dangers of this virus spreading. and certainly 24—hour is ago, you and i sat and listened to the no—trump from a podium in the white house saying he was ready and prepared to deal with this problem. that he was setting up a task force, it hasn't really given the reassurance th

our correspondent mariko oi is in hong kong and she told us of increasing concerns about the virus inerritory. over the weekend we attended a meeting of one of the medical unions who voted to go on strike as of today unless the government close all the borders with mainland china. on sunday they had negotiations with authorities which did not go well sale as of today nonessential staff, thousands of doctors and north as our walking out of work. they say if the government does not meet their demands by the end of today, even essential staff are expected to go on strike by to say. the union is rather political, formed during the proud democracy demonstrations late last year. when we attended their meeting, they we re attended their meeting, they were not shy that it is very political and to put more pressure on the city's leader but at the same time they said it is the spread of the virus and memories of the sarginson virus is very fresh. staff also suffered from the infection and some of them died which is why they want to protect themselves as well. —— memories of the sars virus is ve

i mariko oi in singapore. the headlines.y, very ready for this, for anything, whether it's going to bea anything, whether it's going to be a breakout of larger proportions or whether or not we are, you know, we are at that very low level. international efforts to contain the coronavirus outbreak intensify as more new cases are recorded outside of china than inside. and i'm kasia madera in london. also coming up

the bbc‘s mariko oi is in hong kong.a global emergency. that has been the speculation of critics of the speculation of critics of the who that there might have been some pressure on the united nations organisation not to declare it as such because countries can then restrict not just travel, but also trade with china. but as you said, since the declaration of global emergency, we heard from a number of countries restrict ding travel, some countries are now seeing all mainland chinese passport holders being barred from entering their countries, and this comes as the death toll continues to rise, as you mentioned. as of this morning according to chinese authorities, 259 people have died and just under 12,000 confirmed cases just in china, and the virus continues to spread outside. now there are confirmed cases of infection in more than 20 countries. where you are in hong kong, fiercely, a place very badly hit by the sars virus. very careful that you make sure the same doesn't happen again. what are the hong kong authoritie

i'm mariko oi in singapore.eet history as concern over the economic impact of coronavirus grows. and on the coronavirus front line. a chinese doctor tells the bbc the world can't afford to underestimate the threat. in one night, i lost five lives. i should warn the rest of the world that you guys should take care. i'm lewis vaughan jones in london. also in the programme: dozens of turkish soldiers killed in idlib — turkey says