Car back to africas most successful radio drama series continues this season the stories focus on hate speech color of 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 tune in now. Extensive travel bans and even more chaos just when you thought it couldnt get any was the crown of our states and now the huge pinetown of Global Financial markets this crisis is well from over. Its a good luck for south africa domestic Gold Production is up as the gold price climbs over the past august. And whats more expensive than gold 10 times the palladium is also seeing who. Lives in a 1. 100 physical and lets see business fears over the spreading coronavirus a hammering markets around the world as a wall street plunge thursday triggering a stop in trading for the 2nd time this week the Dow Jones Industrial average fell by 9 percent shortly after the start of trading the sell off coming amid growing uncertainty over global measures to contain the economic damage of the pandemic follows the announcement of a travel ban to the u. S. For most europeans and mirrors tough trading sessions in asia and europe where investors were unhappy with stimulus measures. Brussels has hit back at washingtons latest travel ban e. U. Officials say it came without any consultation u. S. President donald trump says there was no time for talk. The Global Industry has been shaken up dramatically by the corona Virus Outbreak empty planes travel bans and forced Flight Cancellations have become the new normal that has already made things difficult for airlines on wednesday night a fresh blow to keep new cases from entering our sures we will be suspending all travel from europe to the United States for the next 30 days the new rules will go into effect friday at midnight. The ban has several exceptions it does not apply to u. S. Citizens permanent residents or immediate relatives of citizens ireland and the u. K. Are also exempt as are other countries outside the european schengen passport free travel area. And although donald trump suggested otherwise the white house has clarified that cargo flights will not be affected. Nonetheless the move will have a huge impact on european and u. S. Airlines that regularly cross the atlantic ocean. Nearly 40 Airlines Operate around 560. 00 passenger flights daily in both directions that equates to nearly 17000. 00 flights and 4800000. 00 seats in a 30 day period among the European Airlines most affected will be lost tons of air france and care lamb u. S. Airlines such as delta and united will also suffer. Last week the International Air transport association said the Global Industry could lose over 100000000000 dollars as a result of the coronavirus pandemic given what has happened since that now seems like a very conservative estimate. Was it a we still had always at the New York Stock Exchange for us who say why are investors reacting so negatively they had to trumps measures. Basically because there was a lot of confusion not only because trump as we heard did not give a heads up to european allies but because he surely did not glorify. Also covert trade and european products after his message on wednesday actually he did have to tweet to make it clear measure will not affect trade or goods or only people but there were concerns about that too also then the situation disrupts as we heard 2 trouble for millions of people and have a Significant Impact not only on airlines about also shipping Companies Among other sectors theres panic at many european airports right now any news on the fiscal stimulus plan coming from congress. Sadly not yet legislators and the white house keep working on a bill that will initially include help for those who dont get paid if they dont go to work however details they can change is still since a republican legislator sent a trumpet ministration were not in line with the with the plan introduced by democrats in the capitol hill so were still have to wait and see sense that also said hes not ready yet to declare a state of National Emergency what about the fed more cuts in sight what do you reckon. Probably dears and we just heard it will introduce a marsupial of liquidity starting tonight but traders and investors have been saying for days that cheapening the cost of money its not the main answer and that Monetary Policy is not going to make the virus go away what will do the transparency and headlines about contagion this will happen when testing increases and maybe we get a more clear numbers getting the situation under control. Happens and we gave a handle on how much dark damage the virus has done to the economy is when probably markets will start to recover containing the contagion thanks for clarifying the situation for us in new york. The e. C. B. Is releasing a batch of cheap loans to help Member States deal with the virus and expanding its Bond Buying Program both moves intended to stabilize jittery markets and aids Small Businesses its not working the e. C. B. Also saying itll ease Capital Requirements for banks in the e. U. To improve liquidity at the governing council led by a new president Christine Legarde left Interest Rates unchanged divergent and Central Banks of the u. S. And u. K. That saw the dax plunge. The god made it clear that the e. C. B. Also wants to see financial efforts at the state level. And ambitious and coordinated fiscal policy response and vicious and coordinated fiscal policy response is required to support businesses and workers at risk. The governing council strongly supports the commitment of euro area governments and the european institutions to joint and coordinated policy action in response to the repercussions of the spread of the quran or virus lets look now at how the spread of the virus is having an effect elsewhere in the world. Has asked its all his work is based in the United States canada japan europe and south korea to work from home until april 6th has 27000. 00 employees worldwide half of them outside the way this. Coronavirus stimulus package announced by a stray in Prime Minister Scott Morrison today is worth about 11000000000. 00 u. S. Dollars millions of low income earners will receive one off Cash Payments as part of the plan from. Kenya airways is reportedly joining in the flight bag and stopping all flights to rome and geneva due to the virus the kenyan government had already direct flights from hubs in northern italy to the resort city of mombasa. And ghana has set aside 100000000. 00 president hu for outdoors says the money will help soften any economic fallout from the disease got it has yet to record a positive case immediate neighbors togo ivory coast and the kenya fast so that. South africas Mining Sector is beating expectations talking up its fastest growth in almost 4 years its a rare glimmer of hope for the continents most industrialized economy which has been plagued by rolling blackouts and high unemployment. All that glitters may in fact be gold for the South African economy where mining forms the bedrock of the countrys economic health. After years of stagnation the Mining Industry is finally on the up tick production was up 7. 5 percent. Blasting past analysts expectations. A spot of good news among the negative economic headlines that have been plaguing the country for the last several years south africa officially entered its 3rd recession since the end of apartheid last quarter unemployment is high rolling blackouts have become commonplace thanks in part to National Power producer as comes crumbling infrastructure. The power shortages have Cost Companies hundreds of millions of euros in lost output. Spot gold prices are down slightly today the lady im taking a big drop its hit all time highs earlier this year making it almost twice as expensive as gold lady and is used in catalytic converters for gasoline and hybrid cars to help clean exhaust emissions or to make is needed to meet tighter emissions standards the surgeon prices being driven by under supply well wide 217. 00 tons of palladium a used every year but only about 230 tons reach the market russia has the biggest supply with 86 tons last year moscow strictly controlled supply russia has followed by south africa with 80 tons and canada with 20 tons. Of catalytic converter contains up to 45 grams of petn. Which makes the scrap extremely valuable German Company able cut recycles the precious metal just one of these exhausts can sell for up to 2900 euros for the palladium alone entrepreneur christophes rosa has never seen prices like this. These Precious Metals are used in the emo billeted sector for electric batteries people are speculating on that being a growing demand and thats driving the prices sky high. South africa is the 2nd biggest producer of palladium after russia this mine is about 2 and a half hours drive from johannesburg palladium is extracted as a byproduct of platinum mining demand is rising the precious metal is vital for the systems that clean exhaust emissions in hybrid and gasoline cars. And manufacturers are under pressure to comply with increasingly strict emission standards so the Automotive Industry uses about now im going out as a played in premier 1st as 3000000. 00 ounces of platinum i dont think that theres speculation thats driving a surge in prices i believe its supply and demand fundamentals. Here in germany behind the steel door and one meter thick concrete walls rare earth and Precious Metals a stuart investors are hoping to cash in on the high demand for palladium. These small 100 gram ingots cost around 9000. 00 euros each. Comes out in a premium the theres limited availability of the strong material and theres a growing number of applications for it too that gives people confidence that the value will remain stable and that it could quite well go up. Does he even does a prize a know how. And gurlitz on the polish border palladium is even keeping the police busy especially investigators looking for thieves who have so far stole and more than 80 catalytic exhaust combatives from parked cars 5 arrests have been made so far so good to know those older. So thats your. Theres a market for them in Eastern Europe they probably know melt the Precious Metals and put them back into production and for tools you can. Business with. What secrets lie behind the discover new adventures in 360 degrees. That explore fascinating World Heritage sites. W World Heritage 360 get the map now. Is the ship the race destroying itself. We are ruining the basic elements of our system for using too much water and were colluding. Her life to. Go more supplies will last for ever but they wont. When the marine skull just starts march 20th on. The for. This is africa coming up in the next 15 minutes in a virus pandemic africa still appears large and a fix it by the outbreak nigeria has been praised for its response and people in pain call van carrying on. And on are you worried that its going to be a Program Remains your no no no no no no no ill go if you will for. The bigger desperately. Good overdosed. As we take a look at the abidjan the biggest performing arts a fixed
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