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. The spread of the coronavirus keeps dragging down Global Financial markets wall street plunges for the 2nd straight day well look at which companies are losing investors and the few that are profiting. Also coming up facemask facemask cannot protect you from the new coronavirus but some Asian Countries have fanned their exports to meet local demands and thats creating a problem for hospitals in europe. This is your Business Report im stephen beards in berlin thanks for joining us Global Markets fell on tuesday for a 2nd straight day as concerns over a growing. Krone virus cases in europe and asia as well as new warnings in the u. S. Led to major sell off on wall street in particular major indexes there each losing around 3 percent the benchmark 10 year treasury note also hit a record low for investors on a bullish run the outlook is
Worst. Yep. Talking about the coronavirus. Which the needs now tells us cannot be contained. And thats really why the dow plunged another 879 points today. S p 3. 3 , and the nasdaq 2. 7 on top of yesterdays hideous losses the dow has now lost 1,911 points in a row. Thats a decline of 6. two days now, you dont need me to tell you that this is serious stuff, especially if the director of the National Center for immunization and respiratory diseases told us this afternoon to now expectist significant disruption in our lives. Instantly that became conventional wisdom, thats the reason we told off so hard of course it is more complicated than that, right the stock market is following the much larger fixed income market where buying yields are currently hitting record lows. All sorts of maturities. The ten year is at 135 . The stocks got crushed the market is screaming that this pandemic will cause dramatic decline in Economic Activity both here and around the world. When the bond market sp
Indias drugs exports. Indian Pharma Companies get almost 70 percent of their active ingredients from china and the corona Virus Outbreak has disrupted Global Supply chains dependent on chinese exports other than Mainland China and hong kong some of the compounds can come from European Countries in the u. S. But its doubtful india can make up the shortfall if their chinese supply is shut down especially given the extra costs despite the talk of pharmacies running out Prime Minister Narendra Modi has urged people not to panic. Pressure is growing on governments and Central Banks to fight off the virus and avoid a steep slump she 7 finance ministers say theyre plotting a powerful and timely response analysts say its a tug of war between hope and fear Central Banks giving hope with promise stimulus a straight being the 1st to cut Interest Rates to just run a virus down to a record low of hof percent vietnam is the latest country to try to give its economy a boost to combat the economic con
Protests. Im chris colfer welcome to the program the european auto market grew by 1. 2 percent last year spurred by a december jump of that boosted the total number of cars sold to 15300000. 00 vehicles thats according to the Industry Association a c 8. Topped you auto sales followed by a french carmaker p. S. A. However out of the say the spike was artificial stricter Carbon Dioxide emission rules for 2020 pushed carmakers to get in all their religious traditions within 2019 particularly for vehicles emitting a lot of Carbon Dioxide. And as the Auto Industry is going through radical changes suppliers are trying to adapt to them. Automotive supplier bosch has one of its biggest facilities in bamberg in southern germany 7000 employees assemble traditional Combustion Engine parts making things like nozzles for diesel fuel injection. But the future is said to look more like this fuel cells as standalone Energy Supply systems for home use are smaller units to power cars and trucks shifting
Coping. And can European Space engineers improve the ariana program and compete with private challenges like space x. I want to get gems of this is g. W. Business live from berlin thanks for joining us and its another good day for asian markets shares rose today as upbeat signals from sino u. S. Trade talks found hopes of an easing of trade hostilities in early trade shanghai edged up point one percent void by u. S. President on a trumps announcement on tuesday that the u. S. And china are close to agreement on phase one of a trade deal Hong Kong Rose 0. 2 of a percent that was helped by economist titan alibaba which hylda on another 2 percent but only a day after its hong kong debut saw it rally more than 6 percent. So time to catch up with our Financial Market correspondent only boats in frankfurt only good to see you and of course our trams announcement that were close to a f h one trade deal for that before right. Yes ive literally lost count of how many times trump and there have