Well as its Strong Customer base there apple had already been facing challenges in china before the outbreak in 2019 the company made sales of 44000000000. 00 in the country a fall of 12 percent from 2018 and the relative value of the Chinese Market for apple has been declining in recent years in 2015 the country accounted for 25 percent of apples total revenue that has fallen steadily last years figure accounted for just 17 percent. If it is not contained the corona Virus Outbreak could dramatically increase apples difficulties the company has already said that worldwide i phone supply will be temporarily constrained due to the air brake. Well chinese officials are increasingly concerned about the Economic Impact the crisis is having big events in china and elsewhere have been called off due to the threat of the corona virus among them or of china 2020 the countrys most important motor show in beijing last week the mobile World Congress in barcelona was cancelled as all the big names withdrew as was the chinese gold pretty shanghais formula one race and a multi 1000000 dollar undertaking the list of firms warning of a revenue and profit drop is growing daily it includes much of the travel and Tourism Sector as well as comic as the rely on parts from chinese suppliers chinese online giant alibaba has also put out a warning and stock markets around the world taking a hit when it comes to preventing the virus from spreading authorities have a keen eye on ports hamburg is germinates one of them is europes one of europes largest ports i should say in germany and one out of 3 containers come from or go to china we sent our reporter to find out how the outbreak is affecting operations there. They have a glory set sail in shanghai 5 and a half weeks ago on its voyage to germany it called in and 2 for the chinese port now its docked in hamburg 24 hours before it arrived the captain made his routine ships Health Declaration the declaration goes straight to the port health authority. The head doctor there doesnt imagine any cases of covert 19 on board to contain a giant. Risk for a ship like this for any ship basically i can put it like this its been at least 2 to 3 usually for all even 5 weeks since it left the chinese port when it arrives here why. Because most ships call in or the ports along the way like and to work for rotterdam the socalled how member going to arrange thats well in excess of the incubation period that being the time between actually being infected by the virus until symptoms present. Cruise ships are far more risky most of them with thousands of people on board the virus was able to spread rapidly onboard the diamond princess more of the japanese coast cruise ships arent calling on chinese ports at all right now german shipping companies are worried. Really ramped up the hygiene on the ship stopping already high standards there are measures in place to clean the ships even more often. Than the passengers are being even more strongly encouraged to use hand disinfection facilities which is spread throughout the ships. And the cruise industry doesnt expect a long term downturn and freight shippers are also unravelled in hamburg the contain a turnover with china is usually lower at this time of year anyway because of the Chinese New Year festivities early in the quarter but the shipping agents that booked the freight space do say extended production losses in we could see bottlenecks in china trade. There are places where its not possible to move the containers from chinese ports into the hinterland where the factories are where things couldnt be unloaded and already laden ports like to cern in south korea are packed to the limit between pulls on kopi of. Strong fluctuations in container traffic or in the nature of the business but if the covert 19 virus isnt defeated within a few weeks even the cool heads of the logistics and shipping companies in the port of her will start to worry. While Many Airlines struggle with the fallout from the outbreak private jet operators have seen a spike in requests from passengers who want to charter planes although they can be priced at up to 6000 euros in our private jets are proving more more popular so much so the numbers of available aircraft and crews are growing scarce big operators like my jet asia and vista jet say choirs over the past month of nearly doubled. After profits fell by more than half last year europes biggest bank has announced its cutting around 15 percent of its Global Workforce h. S. B. C. s interim head says over the next 3 years about 35000. 00 jobs are likely to go as the Company Implements a radical overhaul the axe is likely to fall on operations hardest in europe and the us ily all the banking giants profit comes from asia where the u. S. China trade war and corona virus have raised uncertainty h. S. B. C. Shares dropped over 2 percent on the news. Joins us from london from Fitch Ratings h. S. B. C. Is downsizing basically to focus on asia wouldnt you say thats pretty bad timing considering what i just made of the coronavirus and also that trade truce between china and the us which could be a little flimsy. I think his p. C. Reviewed its strategy last year when it became apparent that the operating environment in parts of the world had become difficult and that made it for them unobtainable to reach their profitability target so what they know announced today is that they were concentrating on the areas where they see the best long term prospects for profitability certainly some short term headwinds and you mentioned the coronavirus thats certainly one of them but given the groups positioning internationally and its Global Coverage that is certainly a region that continued to perform very well in 2019 and way to group sees the best prospects for performance Going Forward and what does that say to you about considering the banks planning what it calls meaningful cuts to 14000. 00 british stocks. I think looking at the operations at h. S. B. C. s operations in the u. K. Theres a large part that is housed in the ringfence bank which essentially provides Retail Banking services and services to some corporates and the Retail Banking and the corporate the domestic banking is actually performing quite well and because of quite a lot of liquidity and funding available in that part of the bank this is one of the growth areas that weve seen mortgage growth in the u. K. The part which is also housed in the u. K. And where it was mentioned before cuts are going to be higher in the Ring Fenced Bank in the Global Banking and markets area in the u. K. Where stops it in the u. K. But where operations also in Continental Europe and i think what weve seen also with other banks is that the operating environment really makes it quite difficult for banks to reach performance targets and so cutting costs cutting operating expenses which in this case should also result in the more efficient or Simpler Organization organizational structure should help the bank. Thank you very much for your input. In a surprise announcement the worlds richest man has announced hell spend 10000000000. 00 of his own money to help fight Climate Change in a post on instagram amazon founder jeff bezos is funding scientists activists and nonprofit organizations to fight the Impact Global warming has had so far amazon has come under fire in the past for its own climate record tampa bay so as promised the company would be Carbon Neutral by 2040. 7 bureaucracy is legendary but thats not the only hurdle for teslas ambitious plans to frantically build its 1st european factory near berlin in the next year and a half environmental activists are out in force and musk wants to do something good for the planet by constructing electric cars it means chopping down treats. The german press has started calling it the tesla forest and the machines felling trees here have stopped a court order has brought them grinding to a halt the environmental organization. Says the company shouldnt be allowed to continue clear cutting before it has all the appropriate permits to jesus detaches starting activities right now sets a precedent these are things that cannot be reversed after all you cant just put the trees back in the ground after you cut them down because of the. Cutting has to be suspended during the bird nesting season which begins in march if tesla hasnt cleared the site by then it could delay the opening of the factory slated for next year. If it doesnt work out with tesla and i hope it does it will send a fatal signal to German Companies but also to International Investors they did say that when it comes to global competition germany has grown unable to assert itself as the right place to do business but on social media users in other parts of the world are scratching their heads at the german delay to a major investment that would bring 3000. 00 jobs tesla has already cleared 60 of the. Hectors plan for the site the carmaker has promised to replant 3 times as many trees nearby the dispute has some people worried that tesla could withdraw all from the deal the matter is being taken up by a state Administrative Court itll decide on wednesday where the cutting can continue. And just briefly after all was 15 years opel is returning to the japanese market at a loss for 3 models for next year including electric cars of apparent p. S. A. Is trying to expand to more overseas markets a full stop that is the sale of these 10 percent of its output beyond europe in the next 5 years last year made only a fraction of its sales outside the cost of. Nice doing business with here. Someone teams are still leading the pack a big win for going my. Empire made my 2nd glass box got the job done. And will things calm down now occurred to berlin they won their 1st game after coach clinched one quick. Kick of. Minutes long d. W. Love. To go beyond the obvious that. Were all about the stories that matter to you. Whatever it takes. A running not. Explained nothing d. W. Made for minds. To use crime fighters are back africas most successful radio drama series continues this season the stories focus on hate speech prevention and sustainable charcoal production all of a sows are Available Online and of course you can share and discuss on africas Facebook Page and other social media platforms. Crime fighters to mindanao. Frank food. International gateway to the best connection self road and rail. Located in the heart of europe you are connected to the whole world. Experience outstanding shopping and dining offers and try our services. Biala gassed at frankfurt. Managed by truck bought. This is d. W. News live from berlin surprise and disbelief in turkey as a Court Acquits antigovernment activists the 9 had been charged in connection with their role in antigovernment protests 70 years ago the case had been widely regarded as a test of justice in turkey. Also coming up chilling new evidence of chinas crackdown on its minority weaker population the document leaked to d. W. News confirms that time it is the 1st in a having
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