Beijing claims the west is over in the province and who took the workers are returning to factories. And football clubs taking it all taking a beating as teams play in empty stadiums due to primetime. This is the business im in berlin welcome coronavirus continues to batter Global Markets thursday saw the largest one day loss on wall street since 1980 sevens black monday with stocks falling by a massive 10 percent that followed huge losses in europe yesterday even after Central Banks around the world cut Interest Rates to ease fears asian indexes continued to fall in early friday trading before rally on a little shanghai composite and hung zang saw shop early losses but source some recovery over the course of the day japans nikkei closed was its down. 6 percent. Lets go to financial correspondent to delay and hes really standing by in frankfurt chose the markets around the world in freefall despite some full brunt of darts so its interesting that the European Central bank yesterday did
The number of deaths initially from coronavirus has risen sharply alz offer a lockdown started going to fix a quarter of the population 133. 00 italian deaths are reported raising the total to 366 as the epicenter of the crisis shifts to europe as infections continue to rise stock markets and oil prices a suffering steep falls or the 110000 cases a confirmed globally 61000. 00 have recovered so far so new gago begins our coverage. A city deserted a region under lockdown milan italy is economic heart is almost unrecognizable hardly anyone in the shopping malls its famous squares as the army keeps watch over an almost surreal situation this is an unprecedented crisis in this countrys recent history where look is this richard in then i mean what is happening in my city is worrying me and its also saddening because milan is a lively city and to see it like this today is almost a defeat for me i never would have thought this would happen milans my parents or airport has now suspended all fl
We begin with the battle of the retail giants. Heavyweights from china and the us get ready to unveil there latest results. The chinese online giant alibaba will tell us how it performed in the first quarter. Then just a few hours later americas walmart, the biggest retailer in the world, will unveil its latest earnings. Investors will be looking to see if the companies have been affected by the trade war between the us and china. Alibaba, which is like amazon, paypal and twitter rolled into one, has a growing Cloud Computing service and announced its expanding its business to Business Service in the us. It is. 24 trillion, and alibaba wants a slice of that pie. Meanwhile, walmart is proving it can do business on the high street and online. The companys e commerce sales increased a1 in the last four quarters. Its also added 2,000 new brands to the website in recent months which has been a boost to profits as well as helping it take on rival amazon. But the big risk factor for both is t
On suspicion of the murder of an 89 year old woman in north london. Dorothy woolmer was found dead at her home in tottenham. Now on bbc news, live to singapore for Asia Business report. The us dollar falling and the us dollarfalling and gold prices rising. Overnight, us stocks tumble as investors react to chinas move on the yuan. Is the trade war turning into a currency war . In hong kong, we assessed the damage to the economy as protests spread more widely throughout the financial hub. Hello and welcome to Asia Business report, im sharanjit leyl. The us treasury has formally labelled china a currency manipulator and its accusing beijing of weakening its currency, the yuan, as the trade war escalates. As a result of the move, treasury secretary Steve Mnuchin will engage the imf to eliminate what it calls unfair competitive advantages created by chinas actions. On monday, china allowed its currency to full to the weakest levels against the dollar in about a decade, following this twitte