Discover new adventures in 360 degree. And explore fascinating World Heritage site. E. W. World heritage 360 getting up now. A crowbar is swipes trillions of Global Financial markets this week hopes of a quick recovery as the number of international cases spiral around exchanges shows no signs of slowing. Its infected african exchanges to big fulls all the main stock markets china the n. P. Center of the virus has built up strong ties with many countries across the continent. And when the going gets tough investors. A financial instrument designed to help low Income Countries deal with the sudden spread of a disease. Like steve is that investors panicking the coronavirus keep spreading around the world and africa hasnt been spared the confidence most populous country nigeria has reported the 1st case in Subsaharan Africa in the economic hub of lagos a mega city of 20000000 the news coming as Global Stock Markets tank on deepening fears of a pandemic african equities to the Lagos Stock
Touch. Alcohol b. T. W. Made from mines. Earth a home for saving googling dinas tell stories of creative people and innovative projects around the world ideas to protect the climate and boost Green Energy Solutions by global owing to his being by a series of global 3000 on d w and online. The coronavirus wipes trillions off Global Financial markets this week hopes of a quick recovery shatter as the number of international cases spiral the rout on exchanges shows no signs of slowing. Also on the show germany needs to plug a big hole in its labor force the government now hopes the new law will attract skilled workers from outside the e. U. And will take you to uganda where some families are moving from fishing as a way of life to something more sustainable. This is your Business Report im stephen bears in berlin thanks for joining us. Wall street was in the red for a 7th straight day as indexes fell on fears that the spreading coronavirus is hitting corporate profits and curbing Global G
A 7th straight day as indexes fell on fears the spreading coronavirus is hitting corporate profits and curbing Global Growth fridays losses kept a wild week in the u. S. And around the globe with uncertainty over the disease we need to trillions of dollars in value being wiped away from markets. The dow jones continued its downward spiral shedding over a 1000 points early in the session investors fear the coronavirus will derail World Economic growth it was the worst week for global stocks since the 2008 financial crisis panic is in the air the decline in wall street came hard on the heels of slides in asia and europe in london the footsie close nearly 4 percent lower germanys blue chip dax also fell sharply. So there is this uncertainty about what this virus will do next will it be a pandemic and will Economic Activities be significantly affected its clear well see a technical recession in the 1st. 2nd quarter in several countries including germany this is a station that says you will
Another visitor not the guests you want to become sitting. In for migrants your platform for reliable information. The coronavirus wifes trillions off Global Financial markets this week hopes of a quick recovery shudder as the number of international cases spiral the routes on exchanges shows no signs of slowing. Also on the show germany is a plug a big hole in its labor force the government now hopes the new law will attract skilled workers from outside the e. U. And well take you to uganda where some families are moving from fishing as a way of life to something more sustainable. This is your Business Report im Stephen Beard thanks for joining us wall street was in the red for a 7th straight day as indexes fell on fears that the spreading coronavirus is hitting corporate profits and curbing Global Growth the Dow Jones Industrial average in the price of brant crude both down the nasdaq mostly flat meanwhile there are growing signs that the fears are broadening trading volumes reached
Pressure is growing on governments and Central Banks to fight back to avoid an even steeper slump g 7 finance ministers are set to hold a Conference Call today to agree on a plan to combat the damage of coronavirus has done to the World Economy is a quick rundown of the latest development on tuesday all straight became the 1st company to cut Interest Rates to combat the economic effects of the break down from the point 75 percent to the new 0. 5 percent and this is a record low after a week of severe losses yesterday the dow jones index made its biggest jump since 2009 surging 5 point one percent germanys dax also recovered. In trading on tuesday and in switzerland one of the biggest cause shows in the world was supposed to open this week but thanks to the coronavirus the Geneva International motor show was cancelled as the swiss government has banned all events with. More than 1000 participants so how bad is the situation joined by one man who was supposed to be the Geneva Motor Show