Youve got to watch out for them on their bikes when youre driving. Along with them all to all but right now its quiet. This pharmacy usually sells Luxury Cosmetics to Chinese Tourists right now face masks are flying off the shelves pharmacists and mona portman had to get more in. The end up until now i thought they were sold out inside a few hours we ordered a 1000 more packs they tore those out of our hands as well they barely arrived in the queue and all the way out the door if you dont get out. Here chinese visitors in interlochen certainly means losses for retailers after all the swiss make 80 percent of their watch sales to the chinese but tourists or 30 manager or as kessler is taking a calm approach you see so every crisis theres also an opportunity right now the chinese are coming im convinced the coronavirus is media hype itll soon die down through im convinced it will all be over in a couple of weeks or so why would you can just a question of marketing then meaning that even if the coronavirus has led to a cooling of tourism relations the chinese love of switzerland wont be affected in the long term. Frankfurt is another hub for Chinese Tourists lets pull in our financial guy conrad said is this a blip for the global tourists or will it be something bigger you reckon. If this is a blip and its got to be a costly one many people here in europe are not as cool about the risk as the swiss guy we just saw in this news report i found a number from italy the country reckons that this year it will have 5000000000. 00 euros less income due to tourists not travelling to italy because of the coronavirus italy is the favorite travel destination for Chinese Tourists here in europe but also frankfurt its shopping district is very popular of Chinese Tourists and frankfurt is already feeling the pinch and not only this german trade fairs report a lot of cancellations by German Companies they do not want to take part in trade fairs because of the risk of contagion but also because of the risk that clients from asia simply will stay away and as a result sorts of being quite volatile especially for the travel industry lines but all in all Global Shares do keep nudging up to new heights. Thats true you know the economic risk is one thing another thing is what policymakers are inclined to do against the economic downturn today the peoples bank of china lowered another key Interest Rate yesterday the Federal Reserve in the u. S. Came out with the minutes of the last Monetary Policy meeting indicating that its likely that Interest Rates are not going to rise in the course of this all is of course all this of course is beneficial for markets for abuse in frankfurt for us thank you very much. A quick look now at the Financial Impact of the op break in other areas as conrad mentioned the Chinese Central Bank has reduced its benchmark rate for lending between banks by point one percent it also cuts key commercial breaks by the same amount the governments trying to combat an economic slowdown which has been accelerated by the corona virus. That expects the outbreak to wipe out 200000000 euros of its earnings up to april if chinese flights remain suspended until then like many Global Airlines its cancelled Mainland China flights until the end of march. And quantas is reporting a severe Financial Impact your to the virus strain airline says the pandemic could cost up to 100000000. 00 for the Financial Year its slashing flights to China Hong Kong and singapore. Now most countries around the world use Gross Domestic Product to measure their economies but critics say thats not enough the labor force all people the most important part of the equation of being left out its why economists have today launched a new measure of wellbeing that also includes social and environmental aspects well talk to one of the authors of the reported a moment 1st his force behind the new index. Massive protests in lebanon triggered by the announcement of a watch out for the. Riots in chile after the government raised subway fares. And in france to thousands take to the streets in italy because of a planned environmental tax on fuel. 3 examples that all have one thing in common the root causes of the crises of peoples discontent lie much deeper they lie in the decoupling of economic power social prosperity and sustainability this is what the authors of a recently published study say. They claim Global Economic output has been rising for decades but not everyone benefits from it on the contrary inequality in the world is increasing dramatically in other words the 2 developments are decoupled from each other. The result many people feel excluded and marginalized. One suggestion that in future Economic Growth should not be the only indicator of prosperity in a society there must be other new indices the should then also take into account factors such as social support trust in institutions or life expectancy. Possibly a 1st step towards a system which is fair and in which everyone feels at home. Because then its no ones governments to measure much more than g. D. P. For prosperity his new measurement for wellbeing is called the recount playing dashboard is the start tell us how it works its very simple there are significant bodies of people who feel disempowered and they feel that their communities address and that is a aspect of wellbeing that hasnt been taken into account in our g. D. P. Figures so this that sport simply tells you g. D. P. Per head gives you a measure of social solidarity hon betted you are in your community a sense of agency and empowerment to what degree youve got control over your life and Environmental Performance and if and all those fronts youre doing fine then youre not a lot is going wrong how does a change i mean youve already looked at some of the numbers how does it change the us as well as the worlds top economy for example china is number 2 and germany is europes biggest it changes everything to my mind in the us you can see the g. D. P. Keeps on rising and empowerment however stagnant in solidarity has fallen and it fell since the middle of the 2nd term of the obama years had we known that we would have had a completely different attitude to politics thats not only in the states but in many other countries politics is dominated by this conflict between the right wing in the left wing people who want more incentives and people who want to redistribute. People dont feel that thats what its all about its more about inward looking or outward looking its in alt not right left and solidarity and empowerment. Tell you something about how healthy the society is but is this going to change anything because i mean bhutan has its Gross NationalHappiness Index that a lot of people know about critics say it doesnt make of detainees any happier well vuitton these are pretty happy to start out with but. Happiness is an aggregate measure and i believe we need a dashboard because take a pilot in a plane hes not going to take an average over the height the altitude and the speed because if youre losing altitude and you want to make up by speed youre going to crash and in the same way here we need solidarity we need agency we need material well being and we need a sustainable environment all these things have to work how a youre going to convince governments to take this on because g. D. P. Has been used for ever writes well g. D. P. Was brought into use in the mid 1930 s. By Simon Kuznets who had no clue that it was going to be the rage and now we are starting something new we advise the g. 20 from year to year the g 20 understands that in developed and developing economies there is a problem with social fragmentation populism me 1st nationalism and these are people who feel disempowered and they feel alienated socially and diet index captures exactly that aspect thank you very much for coming in thank you. Well jordans biggest city amman has its fair share of coffee shops so attracting new customers will keep you on your toes quite literally in this case. When. Left his home in yemen and moved to jordan he missed his family and he needed a job so he put 1. 00 and 1. 00 together started at a local coffee shop and brought his ancestral traditions along ever since hes been dancing on the jop. When i came from yemen i did not know what job i should get i managed to work at this coffee shop and i like being a barista because its a fun job you can laugh with your customers deal with many people and manage to meet a lot of people through coffee i love this job very much. And it shows every cup of coffee every glass of water dances it all the way to his customers and hes attracting more of them every day. His unique movements and the atmosphere he creates on the street honestly i come here because of him. Business. Europe. What unites. What divides. Us in. What binds the continent together. To answers and stories of plunging to a. Spotlight on people. Some of the a. 90 minutes on w. Literature invites us to see people in particular that i like to see some as the kids find strength growing up her. Right. To share work and. You know the books on youtube. In the. Climate change. For those who made a decision. To. Shut up some stupid people claim one of the years to the head of their future. G. W. Dot com African Legacy of the making a deal seems clear cut or. Have fun in pyongyang. The capital city of north korea is reinventing itself. But only a few can enjoy the benefits for those the regime alone our son. Kim jong un has introduced and insidious reward system to coerce allegiance to the regime. Play those who dont make it into the fun metropolis are often full tunbridge. Have fun in pyongyang starts february 28th on d w. Cut. Place. This is e w news live from her leg to a far right extremist shoots 10 people dead in germany the suspect opened fire at 2 bars in a town near frankfurt reports say that the gunman killed his victims execution style prosecutors are treating it as an act of terrorism chancellor Angela Merkel has called it a sad day for germany. Because they were