The capital city of north korea is reinventing itself but only a few people can enjoy the benefits. And insidious rewards system coerces people into loyalty towards the regime and. Those who dont make it into the fund metropolis live in poverty. In pyongyang starts february 28th on w. Could the spreading coronavirus force the e. U. To loosen its budget rules with case numbers growing in italy germany and spain more Member States are considering taking on more debt to drive the battle against the disease. Also on the show buyers says its chairman is stepping down early as the Company Continues to wrangle with tens of thousands of lawsuits over the we kill a round up. And cash strapped cuba began selling used cars if only the average cuban could afford them. This is your Business Report im stephen beards in berlin its good to have you with us tourists numbers are down and concerns are rising across europe the spread of the coronavirus is already hitting economies across the continent man
Chairman is stepping down early as the Company Continues to wrangle with tens of thousands of lawsuits of the wheat killa around town. Welcome to the Business Life from berlin i want to jones good to have you with us fears of an epidemic has investors on edge in asia where japanese markets continue to this sell off for the fed today running the nikkei was down more than 2 percent on fears the Olympic Games may be called off however in china there maybe is some cause for hope markets are up on news that the country is seeing fewer deaths from coronavirus and that as a central bank announced stimulus measures designed to offset the economic fallout from the virus. And more lets bring in our correspondent in taipei it suits. The epidemic seems to be under control inch high and has business returned to normal then. Well the governments figure would tell you that over 70 percent of the production has been restarted but those Big Companies Small Business reported that only 30 percent of them
Expected profits for 29 teams but remains in tangled you know a massive wave of costly lawsuits over the weeks kill that brown dot. Com to do business like a johnson berlin good to have you with us i was starting with a look on the markets european stocks opened 2 percent down this morning due to mounting concerns about the spread of coronavirus on the continent the virus is highlighting the fragility of the Global Economy affecting the circulation of shipping containers interrupting supply chains and affecting Consumer Confidence and the biggest losers right now are airlines easy jet has seen its share price plummet losing 20 percent of its value since last thursdays close though its not the worst affected you know weve seen a 38 percent decline in its share price over the same period. Of the groan a virus has also reached to several states here in germany however the number of confirmed cases is Still Limited but in a statement a German Health minister again sponsored he expects the
Average cuban could afford them. This is your Business Report and im Stephen Beers in berlin its good to have you with us tourists numbers are down and concerns are rising across europe the spread of the coronavirus is already hitting economies across the continent many of them dependent on Chinese Tourists who havent been coming for weeks now with local cases of the virus also on the rise in italy spain and germany more governments are considering debt heavy stimulus packages a top e. U. Official has now signaled approval. The eiffel tower is a must for tourists visiting paris afterwards they might go on a shopping spree normally theres a long mine in front of the Louis Vuitton store on the show said easy but not today the economic effects of the coronavirus can be felt in this Duty Free Shop as well. And you know business is bad 60 percent of our customers come from china that means 60 percent less business doesnt want brussels made no prognosis on wednesday about how strongly the e.
Were going to ask the members of the press to please part the center aisle so members can have access to the witnesses. The committees meeting today to receive testimony on global terrorism threats to the homeland part two. Good morning, the committee, as i indicated, is meeting to hear from four expert witnesses on where we are as of this date with threats to the homeland. This committee was created in the aftermath of the terrorist attacks of september 11th, 2001. Since the establishment of the department of Homeland Security, the committee has focused on insuring the department is fulfilling its mission to secure the homeland. I take this responsibility seriously, as has every chairman of this committee. This is why its been the committees practice to hold a hearing to assess Global Threats to the homeland and evaluate the federal governments efforts to confront them. Congress and the American People deserve to hear about the threats we face directly from the official charge with ou