Around the world but i do use the protect the climate boost Green Energy Solutions and reforestation. Using interactive content to inspire people to take action google news series of global 3000 on t. W. And online. An emergency measure that was supposed to quell the markets the u. S. Federal reserve announces the biggest Interest Rate cuts in a decade but are investors actually feeding over your shorts well go to wall street to find out whos. On what about the drugs in india one of the worlds biggest producers of medicine carbs exports out of it faces shortages of key ingredients from china so high long will stocks last. On waste not want an Office Problem dumping smartphones to our necessary streaming germany calls for measures to limit the Environmental Impact of everyday tasks. This is t w business im Kate Ferguson welcome. The Federal Reserve has announced its biggest Interest Rate cut in a decade in response to the danger the coronavirus poses to the American Economy so far though investors dont appear to impressed coronavirus has brought yet another 1st since the dark days of the financial crisis 2008 was the last time a fed chairman announced a cut to Interest Rates between regular policy meetings my colleagues and i took this action to help the u. S. Economy keep strong in the face of new risks to the Economic Outlook namely the coronavirus which is now spread to more than 70 countries including the u. S. Where citizens a stocking up on supplies has resulted in the fed cutting rates by half a percentage point the biggest since youve guessed it the Global Financial crisis. We are beginning to see the effects on the tourism and travel industries and we are hearing concerns from industries that rely on Global Supply chains the feds rush to action follows some International Pressure in germany there have been calls for the americans to take the lead. Governments and Central Banks are maybe a little slow i believe in taking measures against the spread of the epidemic and then also in taking Economic Policy matters i think its high time of the Central Banks in particular the fed to do take measures to calm the markets the fed isnt the 1st central bank to respond to coronavirus though australia where some supermarkets are also running short of supplies was the quickest to react but such a decisive move by the Us Central Bank is likely to mean that others will follow. To break this down for us lets cross right over to detail because financial correspondent yes quarter on wall street high ends here markets initially rose on this news and since then theyve tanked again whats going on what does this tell us about the effectiveness of this news. You have the covered self was not a big surprise also not that the fed cut rates by 50 basis points but timing certainly was a big surprise the next official meeting of the Federal Reserve would have happened in a good 2 weeks but i did talk to some traders and theyre saying they have not been concerned before this move for now who they are 7 because quite frankly obviously the Federal Reserve has the much grimmer look at the impact of the coronavirus on the economy than most Market Participants expected and to see whats going on here the best is to look at the market the yield of the 10 year treasury note to drop below one percent for the very 1st time in history and the Dow Jones Industrial average lost almost 800 points in value thats another down day by almost 3 percent so obviously the Federal Reserve trick did not really work at least for the moment ok so not a very effective trick this decision though came after g. 7 finance ministers held a phone call earlier the idea behind that was to come up with a coordinated response so far though its just the fed thats acted are we likely to see says similar moves from other Central Banks eons. Well 1st of all the market already was quite disappointed by those phone calls because the g 7 finance ministers did not really bring up any effective measures as of now if you look at the Monetary Policy we already had see in australia cutting rates overnight to the lower level in history so yes it is likely that more Central Banks are going to follow and try to do whatever they can but the problem with Monetary Policy is you might calm down the market even if it didnt really work today but if you really want to have an impact on the Real Economic Development you probably need fiscal measures and if you look here at the United States for example thats going to be very tricky in an Election Year to get to find a majority in congress to bring texas. Thats more challenges remain against pot on wall street thanks so much for your insights. And the coronavirus has also sparked fears of medicine shortages india one of the worlds biggest producers of the no on a brand name drugs has already restricted the export of some products including paracetamol this because of a reliance on ingredients from china while Indias Health minister was sitting down to report 2 more cases of coronavirus said earlier this week elsewhere in the government plans are being made to protect the countrys drug supply on tuesday we saw the results of that indias director general of Foreign Trade published a long list of 26. 00 ingredients including paracetamol in numerous victim in b. Compounds and said they can no longer be exported that amount to 10 percent of indias drugs exports. Indian Pharma Companies get almost 70 percent of their active ingredients from china and the corona Virus Outbreak has disrupted Global Supply chains dependent on chinese exports other than Mainland China and hong kong some of the compounds can come from European Countries in the u. S. But its doubtful india can make up the shortfall if the chinese supply is shut down especially given the extra costs despite the talk of pharmacies running out Prime Minister Narendra Modi has urged people not to panic now lets take a look at some of the other coronavirus related stories coming in twitter has 5000 employees around the world to work from home in an effort to stop the spread of the virus governments infection hotspots have been asking the same the social media platform says stuff in south korea hong kong and japan must work from home. If issues in japan say they have the option to postpone the tokyo in pics to later in the year if necessary theyre due to start in july but the outbreak has thrown the main event in today as government minister saeco hashimotos says the contract for the Games Alliance for them to be held at any time in 2020. Japanese Prime Minister shinzo are they is urging people to avoid panic buying of toilet paper dismissing rumors of a shortage of shoppers have cleared store shelves in recent days the government plans to provide a 2 and a half 1000000000. 00 to counter the Economic Impact of the coronavirus. Now to something thats not directly related to the coronavirus so africa as economy is in recession months of Power Outages rising debt soaring unemployment are just some of the challenges the country is facing the pressure on president obama poser who came to power on the promise to kickstart the economy is rising. The outlook is getting darker for south africa months of rolling power cuts have left bakeries homes and factories without electricity blackouts top a growing list of problems for africa 2nd largest economy the government announced a soaring deficit at a recent budget presentation unemployment a stock at an 11 year high and now another recession a 1. 4 percent contraction in g. D. P. In the 4th quarter was worse than expected it followed as 0. 8 percent contraction and the 3rd quarter electricity cuts from Utility Company are to blame crumbling power stations and malfunctioning equipment have forced eskom to cut electricity around the country repeatedly nearly every industry is suffering among the worst hit are the Agriculture Transport and construction sectors all shrink and the 4th quarter miners beverage makers and even walmarts local unit have announced plans to slash thousands of jobs jobs are already hard to find in south africa at the end of last year nearly 30 percent of people were out of work. Now whether youre watching a video on netflix you tube or pretty much any popular streaming platform also play is a solid feature good for hooking you wind up but have you ever thought about the Environmental Impact its just one example of an area the German Government has identified in the attempts to reduce tech related waste. Gronings called it sort of the Worlds Largest Electronics Waste dump where the western worlds hard which. The polluters are unknown. Block same technology could change all of that tracking the antilife of the Rechargeable Battery with no gaps attempts to manipulate the data chain would be all too obvious. When this battery turns up on an illegal waste dump by be able to trace it all the way back to find the last person in the transaction chain and who abused it. The technology is already under development as is Green Electricity for data centers all part of the environmental digital agenda providers have to register location and power consumption of their service by 2021 consumers can also help by throttling their own Energy Consumption is why is auto play the standard position on social media and video portals why the highest definition even if youre watching the video on a small smartphone display. In the display. Sonia shields also on smartphones to become more easily repairable batteries exchangeable all attributes activists say are long overdue. The politicians have been asleep at the wheel thats why we always target the Companies Directly with out campaigns they respond much more quickly than the rich and the digital agenda is aimed at taming the i. T. Industrys huge appetite for resources and making its applications more transparent and video streaming together is much nicer and saves energy. No better reason to gather and then to get the latest business stories on. Thats it for me and the team here in berlin and me and take care. The but. Lucky. Music can change lives children from mexico are just learning that. Selfish shadowed by poverty and family problems but in the orchestra to me that fall outside and signed for the breeze im also a. Seaman sod. Is for me. Is for. The beethoven. Is for the. Beethoven is for us. Is for the beethoven 202250th anniversary here on. Sleep. Carefully. Dont move it was simply the means to get. Discovery. Subscribe to the documentary on to. This is the news africa coming up on the program extra talks in west africa outreach he worrying a new level troops in the region on the u. S. Are holding a contact terrorism drill bazza one of the enough this time to stop the jihadists also coming out. When we were told to shoot people we had to do it if you said no we would torture you or kill you. Theyre cool legacy of south sudans civil war thousands of child soldiers the reports on how the un the
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