d on what numbers of women especially a victims of violence. Take part and send us your story we are trying in all ways to understand this new culture. Not a visitor nothing yet you want to become sitting. In for migrants your platform for reliable information. Up. A clash between 2 oil titans and stocks around the world tumbling markets experienced the worst days since the financial crisis in 2008 we lost our correspondent on wall street to assess the damage. Also coming up plus the corona virus infects Global Supply chains we take a look at how one German Company is weathering the storm. Choppy waters ahead how years of on the bratz have pushed mollies Tourism Sector to the brink of collapse well meet some of the people whose livelihoods are at risk. This is the business im kate hudson welcome its been a day of carnage on the markets with shares posting their biggest losses since the financial crisis in 2008 the massive drops were triggered by saudi arabias decision to increase Oil Production after russia refused to cut its output in response to weakening to mond because of the Current Crisis and heres the damage here in germany the dax close around 8 per cent dad almost entirely wiping the gains of the past year the footsie 100 in london fared no better it ended just shy of 8 percent in the red as well and there was chaos 6 trading going on in new york 2 after losing more than 7 percent of its value within minutes of the opening bell trading had to be suspended for 15 minutes somewhere to other exchanges the dive jones later close nearly 8 percent lower as well all of this volatility of course coming as the price of oil saw its biggest 1. 00 day drop since the gulf war in 1991. To break this down for us lets cross slide over to detail these financial correspondent jose luis on wall street hi jose what of day its been now saudi arabias decision to increase oil at a time of weakening demand seems pretty astonishing on the surface what are other opec members saying about this and will russia retaliate. What we can say k. D. Its not like the Current Situation its only sustainable for a short period both for a peg members and russia mosco might have a starter or trigger the war to push prices down but keeping them current levels or pushing them even lower will have political implications especially since that for russia to break even price for oil is around 42. 00 a barrel a lot of reporting of prominence at the beginning of the year to approve some fiscal stimulus because of his low popularity still do Current Situation will make any investment in infrastructure or an increase in social spending much more difficult for all the republican members some of them depending on income from oil to survive so a significant decline in revenue this to belies them politically and socially and jose would you say what happened on monday is a single shot or do you think were going to see more losses in the coming days. It is hard to tell kate from the equities perspective on the oil perspective but keep pushing prices down in crude oil will send jitters said to the u. S. Shale oil industry to do seem to string spacing up 3 sided attack of falling prices move off Institutional Investors to divest from fossil fuel companies and question that load so with prices at the current levels we could see a wave of bankruptcies and some instability in the junk bond market the various speculative one with the current levels of volatility and uncertainty anything can happen in the next coming days and we can all take out of the picture more losses not only in equities but also in oil prices and anything is possible how that is the hair on wall street thanks so much for your insight. Now to some of the other business stories making global news governments around the world have been trying to offer reassurance amid the market turmoil brazils Vice President described the 10 percent plunge on the side of polos Stock Exchange as a normal arms transitory situation this after shares in state oil giant petrel lost more than 24 per cent. In mexico president under his manual Lopez Obrador says the economy will balance back to the paizo drop to a 3 year low against the us dollar he also maintains the country has adequate reserves of the commodity mexicos economy relies heavily on oil. Israel has proposed setting up a network of safe airports in order to maintain Global Supply chains speaking to european leaders the countrys Prime MinisterBenjamin Netanyahu who suggested designating a number of hubs as coronavirus free in order to facilitate transport operations. Well theres certainly plenty of room Londons Heathrow airport and the cancellation of Many British Airways flights to china as well as parts of europe south korea and japan has caused the normally bustling terminal to fall silent to market has weakened since the outbreak as People CouncilHoliday Plans and government imposed travel restrictions. And as youd expect the outbreak has had a major impact on Global Supply chains especially those with operations in china in our next report we take a look at the measures one german maker of electric motors finds is taking to weather the outbreak. Production is still running smoothly that e. B. M. Pumps in southern germany. One of the worlds leading producers of vans and electric motors it supplies companies around the world and sources many of its components from china thats why its formed a task force which meets several times a week to monitor chinese production and supply chains. It says theres been no bottleneck so far. As the feeling of Risk Management high priority we dont put all our eggs in one basket if one topples over theyll be another one somewhere that takes its place on the us alternative suppliers are decisive now still the company can do entirely without china but ports in china are clogged up air freight is available but its expensive that were not going to even even if the unpleasant side effect is that costs are exploding where we used to pay 1. 00 euro a kilo base rate now weve reached 10. 00 to 20. 00 euros a kilo is that we get. Higher costs more effort e. B. M. Pops Storage Facilities are full and theyre set to grow the company is stocking up on supplies to cover a 12. 00 week period besides china italy is now under scrutiny its into english by going on something if we were in talks with our suppliers and were bringing their advance production here that way we can secure supplies for our plants in germany and hide and seek a facade you could see 50 also tops the agenda in germany with employees undergoing a cultural shift because when we greet each other we dont shake hands any more no. Truck drivers on the italy run are given protective clothing the fears are not unreasonable germanys Electrical Industry association is gauging the costs of the coronavirus to the sector in china alone. In that respect were looking at deliveries under threat right now worth half a 1000000000 to a 1000000000 in advance payments the coronavirus has been testing the economy for over a month highlighting how vulnerable supply chains have become. To long term shocks like that offer us a chance to ask if we shouldnt reposition our value added chains and production lines more locally. But we dont want knee jerk reactions they could threaten the enormous gains in efficiency weve been able to make in the past. You know its a forgotten hybrid offspring its the voter one thing is certain that that maker e. B. M. Pops and many of the German Companies the coronavirus will weigh in on the bottom line just how heavily is still not clear. Now over the past few weeks weve reported extensively on the impact the coronavirus is having on the Tourism Industry but its certainly not the only factor hurting the sector in the west african country of mali years of on the rest of the story to a once thriving travel industry. A gentle trip down the niger river taking in the landmarks of malis capital bamako once a very lucrative business for captain dowden but data today hes happy to get even one paying customer aboard his pirogue whose business is all but collapsed since the crisis began 8 years ago. But i used to carry people and goods on large boats all the way to go. With the crisis ive only got 2 small boats left in bamako for tourists that you dont see any more of either. Hoteliers are also suffering for 2012 malise Historic Sites were major Tourist Attractions the deteriorating security situation means Hotel Operators wait in vain for customers like john close to see owner of the hotel near a bull who. Tells completely empty you can tell by the keys theyre all standing in the box is that. If the hotel was full theyd be lying flat. That we only have 4 molly and guests. The last Foreign Tourists here left 5 years ago that weve not seen any since. Weve been. Outside the street has changed completely most of the bars and hostels long gone. This was one of the liveliest streets in bamako. There were loads of tourists nowadays its empty nothing works anymore. Total desolation. Foreign visitors have slowed to a trickle down the loss of revenues is ruining livelihoods. Traditional mali and works of art on finding buyers nowadays many of the artisans can barely survive. The money to is to authorities madidi has been searching desperately for some way of revitalizing the sector. But weve got to focus on Domestic Tourism in the past it was always about Foreign Tourists so far mullins havent shown any interest but its our aim. At least doubt of a daughter is back from his trip down the niger he had 3000000. 00 guests on board and will be the last for today as well. As he feared no one was waiting on the jetty when he got back. Just like every day. On the whole they have time for from me on the business scene here in britain goodbye and. Marketed demonstrations uncompromising quote station rebellion formed as a protest movement against. Their supporters call for big changes to be implemented quickly. To go home to save the planet extinction rebellious commission a coach asked for an eco terrorist who saw. In 60 minutes on d. W. I. In the light of climate change. Conference most of. The small closet. For the future. Comfort to make a city. In such clear cut or. My story. Of the people who come to me builds me. I am not too dumb to. Listen closely and i will tell you about those who blew to me. Under good me down. Im not too dumb to publish. I am on to my cities days for centuries and accompanied my country through its finest. Until the day i need a gun in. The eyes do not to dumb to police. Dogs april and. This is africa coming up in the next 15 minutes the downs Prime Minister dodges day its up to 100 up was back on the job meeting with cabinet officials officer an attempt on his life an explosion when told me hes envoy on monday morning. Europe unveils its Africa Strategy ill report to us the commissioner in charge whether its just about keeping africans in africa. That we look to lagos where an animation project is showcasing up and coming female