business update on how the office in berlin welcome and again we begin with the virus outbreak that is increasingly hitting businesses around the globe ferocious speed at which the corona virus spreads as badly how to get exports from china with repercussions all over the regions and beyond the world's top container lines for example mask i miss c.n. c.m.a.c. g.m. have older massively reduced coals to china allen's travel operators and entertainment outlets are on high alert all closing temporarily shanghai disneyland for example is shutting its doors comic is also feeling the pain the world's most productive car factory motors in south korea is stalling production because of a lack of components from china and japanese casual clothing chain unique low as temporarily closed around. half of its $750.00 stores in china due to that out break i'm now joined by mark simeon counterfit he's a trade expert at the merrick's institute here in berlin and economic think tank max so we heard about these examples and they're coming in quite quick now how big is the overall economic impact of this outbreak well initially it didn't look as big as it is now but but with does these very high infection rates it's looking more and more serious all the time large parts of china is looking to be at a standstill and now the spring festival is coming so close the big question is if you if workers are going to be returning to factories and producing at the same rates did before if exports are going to be packaged and so on. it shows it's throws the spotlight on the dependency of many many companies large companies around the globe on things going smoothly in china and some industries to depend on well as the saying goes all your eggs in one basket but china's a shoot economy and it goes with the nature of things if there was a huge disaster in the u.s. most companies around the globe would be affected so it's unfortunately inevitable that when we see a large problem of descaler rocked in china businesses will be affected it's very difficult to not do business with china. does the current conditions in china to do that weaken the country in the trade negotiations with the us well so that the chinese argument was and large in a large sense to the day could stand up to the head economic and head winds to trade war with the us generated but now we have additional problems in it which is which is making it so the chinese growth might not be able to hold up us well which of course we can see the chinese negotiating hand somewhat. china's central bank has today said one of its deputy governors they said that they will step up support for the economy to cushion the blow and expects activity to recover once the virus outbreak is is under control how do you think the chinese government and indeed the central bank have handled this so far i think generally speaking this is something they had to do in the sense that the chinese stock market for example is is full of regular investors is very sensitive to changes so it's just not enough credit in the market will see big drops so they have to go in and defend stocks they have to go supply credits to do in 2 businesses that can't operate unless they get sufficient lending and indeed many many companies their profits are at such low low levels that if they used to have to go for a month with no business they will not be able to to keep going so overall how confident are you that the chinese economy will recover from this quite quickly well i'm not a debate question is of course a health question question i'm not a health expert but if you look at how long it's going to take it right but if you look at the death death rates and if you look at the recovery rates of coronavirus again i'm not health expect expert but i would guess that it would it would eventually subside. thank you very much for this analysis. now is the fear of the corona virus is increasing people are doing what they can to protect themselves from infection that includes wearing face masks in taipei getting your hands on one takes time and patience the authorities there are rationing the mostest 2 per person per week many are waiting for hours and even then often end up going home to me. and it's this rationing of the mosque the government of vietnam now wants to avoid. the parts a tiny the tasca fiddly but it's all in a day's work for the seamstresses a t n g one of vietnam's biggest textile produces the normally manufactured jackets trousers and shirts at this factory in the north all destined for export to europe the usa since the start of the month they've been making face masks. in that their government to help prevent the spread of the epidemic we have mobilized everything including human resources and materials we're doing whatever we can help we're using our nano cloth which was for producing the shirts to make the mosques right now we're making over 2000000 facemasks. since the outbreak began the price for face masks worldwide has shot up around 20 to 30 percent according to analyst estimates and the need for them has increased not only in china. over 30 employees have to work more shifts and longer hours and will try to produce enough facemasks to fulfill vietnamese demands during the coronavirus epidemic. authorities here have put an export ban on the mosques they want to ensure the local population has adequate cash if the virus should spread out in vietnam. good news that archer bank us fund manager capital group has snapped up a 3 point one percent stake in the ailing german lenda the banks have gained more than 14 percent in thursday's trading leading the pack on front for the blue chip index it's a leap of faith for capital group dodger recently reported its 5th consecutive year in the red knots in up a 5700000000 loss or last year. now let's bring in our financial correspondent chelsea to leonie in frankfurt where dodger bag is headquartered finally some good news for those but how big of a vote of confidence is really. it's the big vote of confidence this makes this makes capital group of banks that's largest shareholder and capital group is one of the oldest most well respected names and asset management they've been around since the thirty's they have 2 trillion in assets for so for georgia bank this is a highly coveted investor but it is a big risk for capital for capital growth going to bankers so very early on in this restructuring effort it does seem to be bearing some fruit last week we saw they're still on track with cost cutting they built up a pretty large capital buffer and that sort of helped ease investor concern but there's still a lot that's a very uncertain georgia bank has sort of that in a perpetual state of restructuring for the past 2 decades and they're still struggling with things like negative interest rates as well by the e.c.b. just do any in frankfurt thank you very much. one of the music group pounds filed for an initial public offering in a move that could prove lucrative for its billionaire owner len about that make in the middle paid $3000000000.00 u.s. dollars for the company in 2011 during a deep slump in the industry just the company home just on stars like ed sheeran's and harvey b b was double the suspense in large part to an industry wide turnaround fueled by aid 6. and goal is all the reserves could make the country rich but corruption and nepotism have impoverished it leaks files suggest that the family of former president jose throughout it all some thoughts on the state funds especially his daughter is a bill has been under the spotlight recently she is known as the richest woman in africa a gold in the forty's and now also looking into wrongdoings by western companies according to research by the international consortium of investigative journalists . the angolan capital luanda in 2019 the beer was flowing at the country's 1st october fest organized by beverage producer and distributor saudi. it's luan diena beers brewed in angola using german technology the company owner proudly presented the brand on instagram is about the santos reportedly the wealthiest woman in africa while her father's as they had wanted a son to us was president of angola the government gave her tax breaks to support the domestic brewery project help also came from germany machinery for the $50000000.00 euro brewery plant was supplied by the corners company from bavaria and a loan that helped finance the construction came from germany's k f w e pax bank in 2015 the dust santos family allegedly built up its fortune in angola one of the world's poorest countries through decades of unscrupulous deals were germans and mashed in nepotism and corruption conus says it didn't know the company was owned by the president's daughter we spoke on skype to mario to lisa who negotiated the conus deal cut victory saw this is really a case of people running totally wild. what the death sentence family was doing was daylight robbery partic so last you could say you know they suddenly set up hundreds of companies and use them to tap into all kinds of different industries you can just be in and get shot. the extent to which is a builder santos and her associates ran wild is evident in more than 700000 leaked documents they come from over $400.00 firms linked to her $100.00 of them in tax havens like mirages and malta oil is the sector in which angola is elite amassed most of its wealth president a santos appointed his daughter head of state owned oil companies sun angle and even on her last day there 30 $8000000.00 were transferred to accounts in dubai to santos appears to have felt secure in all her business dealings but when after 38 years her father had left office angola's prosecutors now began to take an interest in her business dealings in december 29th teen a court ordered a freeze on her bank accounts and assets in angola alleging that she her husband and an associate owed the state over a $1000000000.00 in a b.b.c. interview is a bogus santos denied any wrongdoing there is an orchestrated attack by the current government that is completely political motivated is completely unfounded like i say my holdings are commercial. and there are no proceeds from contracts of public contracts are made out in the v.a. did from public funds the saudi brewery was among the frozen assets of dust santos conviction won't make the situation for the germans involved any easier and that's only a business that's for sure. cut . what secrets lie behind the scenes was. discover new adventures in the 360 degree. and explore fascinating world heritage sites. p.w. world heritage 368 get me out now. southern napalm 250 blind people are about to see again the lassie as one of them. put them on an improvised clinic is being set up in a temple complex. and the next day. can you see me see anything than a reporter on the move with a police officer most just dr drew 8 seeing the light starts february 8th on t w. hello welcome to news from the world of arts and culture we'll be looking back and talking about the amazing career of hollywood legend douglas who passed away on wednesday also coming up slow fashion is all the rage at the moment long lasting clothes made from sustainable materials. and music legends as seen through the lens of linda mccartney on the show in western germany. douglas was born is so danielle of it impoverished jewish russian immigrants so his life really was a rags to riches story unlike other screen idols of the post-war era he manage the transition to more serious roles and also became the producer of some of his major films like sponsor kiss he made over 80 movies and stood up against the blacklist in hollywood in the mccarthy era a true legend of the cinema who's died at age 103. in film and in life he was the underdog who refused to take things lying down. his most famous moment was as and roman gladiator who had a slave revolts in the 1960 movie spartacus i was like champion trying to punch my way to success.