This is worklife from bbc news, with Samantha Simmonds and ben bland. Stocks suffer their worst week since the Global Financial crisis as businesses feels the impact of the coronavirus outbreak. Live from london, thats our top story on friday the 28th of febuary. Asian shares fall sharply after the dow racks up its biggest points loss on record. So could coronavirus cause a global downturn . With stocks on the slide, a growing number of businesses are feeling the pinch, so how will all this affect your work life. We take a look. And india gets set to release its latest Growth Numbers, but will they make for happy reading . And well be getting the inside track on how technology can be used to to tackle chronic diseases. Also, as a Us Court Rules youtube do not have tro guaranteed free speech, were asking if you should have the right to say whatever you like on digital platforms . Let us know just use the hashtag bbcworklife. Hello and welcome to worklife. We start with those markets, because the sell off has gathered pace as fears grow about the economic damage from the coronavirus outbreak. In the us, wall street had its worst day in almost a decade. Lets first take a look at european markets, which have just started trading. European shares having another hit. Ftse fell 2. 87 and is on track for its worst week since the 2008 financial crisis. Dax sliding deeper into correction territory, as investors fear a global recession is on the horizon. Looking at asia injapan the nikkei closed down nearly 4 having suffered its worst drop over the week in four years. The dowjones industrial average lost more than 1100 points its biggest points drop on record. All major us indices lost more than 4 . Heres michelle fleury. Investors, like the rest of the world, are trying to figure out how far this will spread and what that will mean. If it continues to be as widespread as people now suspect it might be, you are going to see businesses continue to close, travel being disrupted and people staying home. All of that not only has a human toll, it has an Economic Cost, which is what you are seen playing out on the Financial Markets right now with the dowjones industrial average, the s p 500, nasdaq, all suffering big falls, all entering into correction territory, which is when the markets fall more than io . Theres been lots of comparisons made with the sars outbreak. Back then the us economy and china was far less integrated when it comes to supply chains than it is today, so you see an announcement from Companies Like apple basically saying their foxconn plant in china has been affected and that will have a knock on effect on the supply of iphones Going Forward for a while as that factory was closed and finally opened up and workers returned. But its bigger than that. Youve also got a big American Consumer company, big brands like starbucks that operate in china, its a big market for them. There you have seen consumer demand drop off. They have had to close its doors, that has been affected. Weve also seen today, United Airlines and delta basically looking up the spread
of the epidemic to countries like italy, saying that they are going to offer waivers of flights allowing customers to change the dates of their travel to italy as a result of the spread of this epidemic. So thats the kind of thing that you are seeing, this Economic Cost mounting. And while it is still too soon in many ways to predict how long this will go on for, thats essentially what investors on wall street are trying to do. They tend to look forward and are trying to anticipate where this could go and thats why we are seeing these falls day after day after day. Thats the view from new york. Our Asia Business correspondent Karishma Vaswani is in singapore. Asimilar a similar anxiety across asian markets it seems. Yes, but the thing to bear in mind is that this is an anxiety that asian investors had been feeling from the very start of when the virus had the outbreak in china some three weeks ago. So this
is something they are very used to, but now the fear is this can no longer be contained within chinas shores and is becoming a global problem. Thats why you are seeing so problem. Thats why you are seeing so much more problem. Thats why you are seeing so much more nervousness problem. Thats why you are seeing so much more nervousness in markets likejapan, so much more nervousness in markets like japan, south korea, and australia saw sharp falls today, as well as china. I think what that reflects is the concern that in the first instance this was all about chinese factories getting back to work because there was a prolonged period where they were not able to get workers, who were in quarantine, back on the factory floor. That problem hasnt gone away and there are still issues with supply chains within china and at the same time you now have another problem, where the virus starts to spread around the virus starts to spread around the world, as far away as places like europe and the united states, there is an issue over demand as well, which has got Many Companies we re well, which has got Many Companies were read. Because of the one hand if you cant make this stuff to sell
to your consumers, thats one thing, but what if people dont head out to the shops any more, they dont go to restau ra nts the shops any more, they dont go to restaurants because they are worried about catching this disease, then you have an issue with demand as well. Thats why you are seeing these sharp falls asian markets today. Its notjust having a knock on on the markets, as we heard from the former head of the Us Federal Reserve a few hours ago, she is now worried of this spreading into a global recession. Are those fears echoed there . Very much so. What you have to understand is that when investors start to sell shares and are looking for places to park their money, which they feel is safer, thats because they are expecting this to have a long Term Economic impact. So its not about today and tomorrow. They are hedging a bet that in three or four months time you will start to see the earnings of companies that they have invested in start to falter. And all
of that then has a corresponding effect on how these companies can go about creating new investments or hiring morejobs. They are not going to do that if demand for their products has slowed down. And thats why we might see Global Growth slow ata time why we might see Global Growth slow at a time when it has already been pretty shaky, especially in this pa rt pretty shaky, especially in this part of the world, because of that us china trade war affecting the regional economy, so lots for investors to worry about today. Thanks very much indeed. Thats the big picture in terms of the Global Economy and Financial Markets. But what about the disruption to our everyday lives . The holiday firm, jet2, has said it will not fly home britons who have stayed in a hotel in tenerife affected by coronavirus unless they are confirmed to be clear of the illness, or until the incubation period has passed. Hyundai meanwhile has sent home around 4,000 workers at a plant in south korea, facebook has cancelled its global f8 Developers Conference and japan says that from next week it will close all schools across the country, a move that will affect up
to 13 million students. And these are just some of the latest developments as the world tries to tackle an outbreak thats now been detected in more than a0 countires. Ben willmott, head of Public Policy at cipd. You advise hr within companies. What advice are you giving there hr people . I think the Main Elements are to be prepared, stay up to date with the latest Public Health advice and make sure you have contingency plans in place based on potential scenarios for the development of the virus. I think the other key thing is to make sure you are protecting the health and well being of your employees at the heart of your planning and maximise plans for workforce flexibility. Those are the key areas. We hear a lot about what workplaces should do for employees and staff but the reality is that
many people are self employed, freelance or gig economy workers. If they are in isolation or quarantine for two weeks, they are not being paid may still have bills to pay. On those sorts of issues, it might need to be something the government has to be something the government has to look at in terms of a Compensation Fund Going Forward. Its Compensation Fund Going Forward. Its early days but that sort of thing might need to be thought about. Whats the rule as far as companies are concerned with paying people. Is it a statutory payment or does it depend on the company . people are being sent home by the company because of concerns and in effected area, they develop symptoms, then they should continue to pay them. If people have been asked by a medical professional to self isolate if they come back from a high risk area then the official advice is that should still be treated as sick leave and sick pay should apply as normal. And what are the other options for firms if the
virus continues to spread at the current rate . I think maximising workforce likes ability is key. Increasingly, more people can work from home these days, so maximise that side of things. Harness technology as much as possible, the use of things like teleconferencing. For sectors like banking and retail, they can increase the use of Self Service Tills and stations, reducing the need for staff to be in branches or at retail outlets. Increase the use of digital and online services, that sort of thing. There is also a key issue around skills. They need to identify, what are the Business Critical Services and functions within the business and functions within the business and which employees have tra nsfera ble and which employees have Transferable Skills . If the Business Needs to operate at minimum staff levels, a re needs to operate at minimum staff levels, are there people who can be trained to take the roles of collea g u es trained to take the roles of colleagues who are absent temporarily . Those sorts of
responses, i think. Temporarily . Those sorts of responses, ithink. Thank temporarily . Those sorts of responses, i think. Thank you. Lets take a look at some of the other stories making the news. Shares in beyond meat slumped 10 after its Quarterly Earnings disappointed investors and said its chairman seth goldman would step back from an executive role. The plant based meat company has seen its stock rise four fold since its stock market listing in may last year, but some now see it as overvalued. Malaysias long haul Budget Airline air asia x says it will defer the delivery of almost 80 aircraft because of the coronavirus outbreak. The airline says it is considering other measures to try and reduce its fleet as demand falls. A us court has ruled that youtube is not a public forum and therefore it does not need to guarantee users rights to free speech. The case involved a right wing channel which argued youtube was infringing its rights by censoring its views. But the court decided the first amendent does not apply to youtube. This time now for our daily look at some of the newspaper and website stories which have caught our eye. Of the newspaper and website stories joining me is linzi boyd, founder of the business of brand. We are starting with the guardian and the story about new cars, the headline says they are producing more Carbon Dioxide than older models. What . i know. The news is saying that because cars have got bigger they produce 7 more than they were originally. Thats accounting to i8 emissions in general. They are all now trying to race towards doing a hybrid model or full electric model to be able to reduce this, but its still not happening. And hybrids are increasing their emissions as well, perhaps not as much as petrol and diesel, but for somebody who is thinking of getting a new car and thinking of getting a new car and thinking of getting a new car and thinking of a hybrid, not necessarily according to this. Agreed, but i think its still better than not having a hybrid, so
who knows. Well see what happens. We have a story about iphones from tech radar talking about all new possibly having to have removable batteries to stop whats the thinking behind that . This has been leaked, so it hasnt officially come out yet, but they want to reduce the electronic waste in the world and in order to do that, if you take away the battery pack, its the first thing that runs out on a telephone. That would be able to reduce the waste on iphone and people get really angry about the fact that the phone runs out way before it actually should. Didnt apple themselves start to offer people free replacement batteries . There was a big brouhaha when it came out, that they were designed not to last long and you had to get a new phone. Its long and you had to get a new phone. Its almost like regulators are playing catch up in technology once again. They are, but did iphone
really change the phone or are they just adding to the waste by providing another battery . We will see if that comes to pass. The mail 0nline has a story about the Global Billionaire population hitting a record number. Interestingly, it says there are 11. 2 trillion, the amount of money from the 2816 people in the world. Doesnt seem like a lot, 2000. But when you add it up, what they are worth, it is shocking, i think. They also say elon musk will now be the first trillion air. What if they all had a Fair Distribution of wealth and sorted out the worlds issues just by those people alone . That would be an interesting conversation. Its a nice idea. Good to see you, thank you. Still to come. Well be getting the inside track on how technology can be used to to tackle chronic diseases. Youre with worklife from bbc news. Do you check your work emails at home . Come into the office early . Stay a bit later . More than 5 million of us do meaning since the beginning of the year, weve effectively been working for free. It feels like it the tuc says the unpaid overtime we all do gives employers more than £32 billion a year of free work. Paul sellers is the policy officer at the tuc. Good to have you with us. Should we become a nation of clock watchers . No, we dont want to be a nation of clock watchers but we need to break down the british long hours culture because for these people it really is burn out britain. The government has a choice to make in the coming period because we are recasting ourselves outside the European Union and we can either do not adopt a bad
idea would be to cut regulations and have that kind of model. A very good idea would be to say, lets go for high productivity and have smarter working. That could include better working. That could include better working time rights as well, as a key underpinning, in the same way the minimum wage battles low pay. We could go down that road and actively enforce the rights we already have which come from the European Union and have some new rights like the right to disconnect in france and the right to Flexible Working from day one. We could then cut into this real problem. A lot of companies do do that, they allow people increasingly to switch off. But its unenforceable at the end of the day. You have your phone and laptop at home so you are always checking e mails. For many of us its hard not to respond when its in front of you. There are companies that expect you. There are companies that expect you to dojust you. There are companies that expect you to do just that, and thats why its very important to have a
minimum standard. Because, frankly, 2 billion unpaid hours isjust too much. Long hours are the enemy of productivity. We are always on call, a lwa ys productivity. We are always on call, always working, we are tired and we make mistakes. This its not a viable alternative to working smart and working shorter hours. From the tuc, thank you. The good thing about us, when we are at home we cant read the news. You can still watch it. Plenty more on the website. Easyjet are cancelling some flights because of the coronavirus outbreak. Youre watching worklife. A reminder of our top story stock markets across the globe are suffering their worst week since the Global Financial crisis of 2008 as the impact from the coronavirus grows. Digital technology is increasingly being used to help people manage their health. From remote consultations to medical robotics and wellness apps, the Digital Health tech sector is expanding like never before. The use of al to educate and monitor conditions means the sector is predicted to be worth more than half a billion dollars in the next five years. Professor mike trenell set up changing health, a company that is now the sole provider of nhs englands digital platform for nhs type 2 diabetes support. Before we talk about diabetes how can Digitial Health tech help with the current coronavirus outbreak . Professor mike trenell, ceo and founder of changing health. Good to see you. Lets pick up on the coronavirus aspect first off all. What role can digital tech health play . I think for coronavirus, the digital tech doesnt quite give us the information we need. At this stage, particularly when coronavirus is so
high on the agenda, i dont think Digital Health is where we are looking. Those devices we are seeing people putting up against people, the temperature check. Thats more health screening. The work we do is more about managing people zonal well being. Things like thermal cameras to check if someone has an infection, they are a fantastic use of technology but i think we can go beyond that now to help the individual. Tell us more about your technology and how it helps people with type two diabetes. Technology and how it helps people with type two diabeteslj technology and how it helps people with type two diabetes. I have been working in type two diabetes for more than 20 years and in that time the science around type two diabetes has stayed the same. If you move more, lose weight and sleep better you can do profound things for type two diabetes. We all know that, but the challenge is how we enable people to do that. Thats why we think at changing Health Technology plays a really big role because it has change the way we socialise and
bank, shop, so now is the time thats usually exciting because it could change the way we manage and chronic disease. Is this really about a dieting and health app . has gone way beyond that now. The same way we can tailor programmes, marketing to individuals, what we can begin to do is understand your needs as an individual and provide diet advice, sleep advice on physical activity advice that is tailored to you because the science of Behaviour Change has evolved like never before. Do you collect data from that . For example, if people are doing it with the platform you provide and they have got a fitbit 01 provide and they have got a fitbit ora provide and they have got a fitbit or a fitness device connected to their phone, do you collect the data and is it used for other development as well . The data somebody collects is their data. If you link in your activity data or your sleep data, thatis activity data or your sleep data, that is yours. This is where the field has really evolved into
improving Data Security and acknowledging that the data belongs to the individual. But when you enrich what an individual is doing with the wearable or what they are eating, you can start to provide the right care at the right time to the right care at the right time to the right person. The Precision Medicine approach will be enabled by Digital Health. You provide this app through the nhs, they pay you for it, as do other Health Companies around the world. Whats the success rate and what impact has it proven to have on people with type two diabetes . think this is a pivotal time in the management of type two diabetes. We are seeing National Programmes being rolled out. The nhs is committed to deliver an Education Programme for type two diabetes as part of a commitment to a long term plan. This is the longest programme of its type in the world and these programmes have a significant change in diabetes control. Looking at lifestyle, it can have the same if not better effects than some medicines. We can see weight loss
changes in randomised controlled trials of around 11. 3 kilograms and thats maintained over 12 months. We can thats maintained over 12 months. We ca n start thats maintained over 12 months. We can start to see changes in diabetes control that are the same if not better than medicine. That said, how do you make sure that people who are perhaps not comfortable with technology, be it for accessibility reasons, be it because they are not co mforta ble reasons, be it because they are not comfortable because of their age and that sort of thing, how do you ensure they are not excluded and suffer as a result . One of the misconceptions about technology is that older people dont use it. That might have been true ten years ago, but not today. We see older people engaging widely with technology. But in many Ways Technology broadens access to care because unlike face to Face Services where there is a waiting list and there are specific demographics that go to it, we see with technology to enhance the breadth of people you can engage and there are some really strong and powerful data around that. But there isa powerful data around that. But there is a point at which digital is not
for everybody. I think there is an important piece in the here to understand, that digital is good for some people but doesnt replace face to Face Services. I always joke the original ai, actual intelligence, is still really valuable. Mike, thank you. In a moment well run through some viewer responses to our twitter question. But first india is expected to report its latest Growth Numbers in the next few hours. Its expected to post lacklustre numbers, showing that a recovery in one of asias largest economies is still a long way off. Nikhil inamdar reports from mumbai. Indias Economic Growth between the months of october and december 2019 is expected to have remained largely flat or shown only marginal improvement. Most of the economists i have spoken to expect gdp numbers to come in anywhere between 11. 5 to 5 as opposed to the 4. 5 headlight data that was reported in the Second Quarter of this year which was at a six year low. The key driver for the slight improvement would be Government Spending supported by some growth in agriculture. Most other High Frequency indicators show manufacturing, construction, mining and other allied activities will have continued to shrink. Worryingly, inflation continues to remain very high here in india despite the depressed state of the economy and that leaves very little space for the reserve bank of india or the central bank to manoeuvre on rates and stimulate growth, and adding another layer of uncertainty to this is the outbreak of the coronavirus in china. While most experts and economists i spoke to say india would close the year with about 5 headline growth that could come with a negative bias as a result of the impact of the coronavirus which could be felt in the fourth quarter. At the top of the show, we talked about the ruling that youtube doesnt have to guarantee
free speech and we asked you about whether you thought if social media was a place where you should be able to say anything. Lets take a look at how some viewers have responded. Dan condon says i believe people should be able to post anything, what as long as its not illegal or offensive. Deepstweets challenges that view and says who makes the boundary to what is offensive . Youtube offensive boundary might be different to mine. Darren witt adds youtube won the case because its not a public forum and adds its why google needs to be broken up by anti trust legislation so that other competing video forums can make their own rules. John harrison points out youtube run an ad based business. They can remove what they dont think advertisers will like, no matter the aim of the content. Just a small selection of your tweets. You can carry on the conversation online. Thats it from worklife today. There will be more Business News throughout the day on the bbc live webpage and on World Business report. Well see you again tomorrow. Good morning. Throughout february weve had storm ciara, storm dennis, and now weve got storm jorge moving its way in across the uk for the weekend. Its going to come in two parts, the first will be the rainfall. Particularly through today and into saturday, the risk of further flooding, especially in areas that dont need that rainfall at all. Thats storm jorge there. The second half of the story is the wind. You notice the isobars become close together late on saturday and into sunday, a strengthening wind with potentially damaging and disruptive gusts of wind. Through the rest of this morning, rain will continue to spread north east. There will be a bit of snow over the high ground of the pennines, the southern uplands, up into the north east of scotland, the grampians, and the highlands
also getting a bit of snow. Elsewhere, patchy rain will continue into the afternoon. Maximum temperatures will be rising in many parts, 10 12 degrees. Still a bit chilly though in north east scotland and the north east of england. But the rainfall tonight continues across south west england, wales and the north west of england. We could potentially see up to 80 millimetres of rain over the high ground of wales. As that rain starts to move further eastward through saturday. A spell of very heavy rain for a time for many of us as it moves away. Then there would be some clear skies and some sunshine before further showers, lengthy spells of rain and some snow over high ground of scotland, northern england, and temperatures dropping away as saturday goes on, 5 8 celsius during the afternoon. The wind picking up gradually as the day goes on, quite gusty conditions for many of us. But the wind will strengthen even further as we go through saturday night and into sunday. Storm jorge will give weekend gusts
of 65 70 mph in the most exposed areas around coastal parts of northern england, scotland, northern ireland, maybe Southern Coasts as well. Storm jorge, on sunday, situated over scotland so the lightest wind will be on the far north of scotland. Elsewhere we will see strong wind continuing into the morning with 60 70 mph quite widely. We will also see more showers, and those showers will continue to feed in over western scotland and again, a bit of snow over high ground. Elsewhere, some sunny spells and showers and a bit more in the way of persistent rain in the far south east of england, just clipping the south east. And temperatures on sunday, similar, around 6 8, 9 celsius. So the weekend weather could be a bit disruptive, may be damaging. Stay tuned to the forecast. Youre watching bbc news at 9 with me, annita mcveigh. The headlines the airline jet2 says it wont fly home a group of british tourists confined to a hotel in tenerife until next month, unless they have tested negative for coronavirus. Yes, we would be leaving on the 10th of march, they would be flying us home. However, i have asked for their guarantee with regards to our safety since we have remained in isolation and there will be other passengers in the plane who will only have gone into the Hotel Grounds but will not have been following the protocols. Stock markets across the globe are suffering their worst week since the Global Financial crisis of 2008 as fears over the impact of the coronavirus continue to grip investors. As concern mounts over violent escalations on the turkey syria border,
turkish Officials Say the country
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