Deepened supply chains are starting to falter and tourists are staying at home as the Business Community struggles to predict the coronaviruses economic fallout observers warn the virus could be the final blow that throws the World Economy into recession. Markets around the world a sinking fast its the worst week in a decade for global stocks and investors in hong kong and the only ones seeking safer territory. In the u. S. Traders could only watch on as the dow jones suffered its worst single day drop in history on thursday as the corona virus continues to infect more and more countries so does its negative impact on economies around the world this is milan in northern italy normally busy tourist hot spots are deserted and restaurants are empty. The International Monetary fund says its still getting to grips with how deep the Global Effect will be the virus is going to have an impact on growth. A lot just depends on. The speed of recovery in in china and in other countries the spillov
A 2nd do you want the whole picture out facts instead of make ideas shift deliver us. From a measured reality to cryptocurrency your top picks for live in an ever changing Digital World lets start with digitalisation. Coronavirus cases suddenly ramp up in africa the continent braces to prepare for a looming Health Emergency and more economic fallout. The European Union and the blocs biggest economy germany pledged to do whatever it takes to keep business going and shutdowns affect more and more e. U. Nations. And south africas power struggle trying to keep the flickering lights on for its people and it is a big economy. It was all and thats your business watch out of africa the coronavirus is getting a foothold on the continent and the race to stop it intensifies Rapid Testing and quarantines have been put in place morocco is to spend. Air and sea links with france and spain algeria is reducing or cutting flights to Europe Africa maintains one of the lowest rates of confirmed infection
The Global Supply chain factor. Early facebook investor Roger Mcnamee joins us for what the virus means longterm for Companies Like apple and tesla. Paul, dramatic day for the markets and elsewhere. Why are you following . Paul tuesday trading day in asia, i guess the question is, to far is this stone going think . A drop asoking for well, about 2. 5 . Nikkei futures, big hit, 4 . South korea had one of its worst days and 17 years on monday. Japan of course playing catchup because monday was a Public Holiday. Take a look at currencies. The aussie dollar hit the yard over the past 24 hours. Currently just hanging on above . 66. The aussie 10 year continuing to slump toward historic lows. Of red. Uyh a lot in the u. S. , stocks tumbled. Three benchmarks slumped. Good to Abigail Doolittle lets get to Abigail Doolittle in new york. Abigail the markets selling off in a big way. Here in the u. S. , a three day slide. This is the worst of those three days. Friday, the disappointing pmi number
Painting a very different version of the future and in school point to strike a guy has described a rival fans as idiots after being targeted at with the racist abuse the Money International walked off the pitch in protest at the train the game in portugals top division. For the 1st time in recent history china is considering a delay to its annual congress the years biggest political meeting as the country continues to grapple with you cases of further deaths due to the corona Virus Outbreak the numbers are huge take a look at this truck up by the John Hopkins University those red circles showed the extent of the outbreak in china alone nearly 2 files more infections were reported on sunday bringing the total on the mainland to over 70000 more than 1700. And 70 people have died so far globally which as military is sending hundreds of doctors and nurses to han the epicenter of the outbreak the World Health Organization is sending its own team of experts to beijing and to other chinese p
A different vision of the future. Now a new European Union efforts will be launched to enforce an arms embargo on libya which is being floated so much its been described by the u. N. As a joke it was announced after a meeting of e. U. Foreign ministers in brussels and earlier mission collapse last year after disagreements with italy the new mission is to involve air land and naval assets well Charles Stratford says in the libyan capital libyan city of misrata live to him after get some more details about that announcement from Donna Dominic kane who is in berlin for us the German Foreign minister must says this agreement has been reached what else did he have to say. One of the things the German Government has been really keen to stress is the need for the International Community to do more to try to bring the warring factions to project bring to the warring factions together to try to bring the conflict to an end certainly thats what that is the master the foreign minister was referri