Biggest democracies. Im 1st welcome to the program the new coronavirus has reached europe and it is spreading. Italys been hit the hardest with some 220 cases reported and the death toll at 7 italy is the 3rd largest economy and an often fragile one its economy shrank last quarter and fears are the coronavirus could lead to a recession there the disease cluster is in italys Lombardy Region the countrys economic hard land lombardy accounts for one 3rd of italys Economic Growth and it is responsible for half of the countrys exports northern italys economy is already suffering menaces famous carnival had to be cancelled early cafes and Hotels Remain empty now that hurts tourism accounts for 13 percent of the Italian Economy fashion makes up 5 percent of g. D. P. And thats also flailing the most important Fashion Shows and design fairs take place in milan again in lombardy and italys economy is tightly intertwined with other you European Countries at least borders were to close it would be
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
Beards in berlin its good to have you with us Global Markets fell on tuesday for a 2nd straight day concerns over growing numbers of krona virus cases in europe and asia as well as new warnings in the u. S. Led to lead to major sell off on wall street in particular the major indexes there each losing around 3 percent and the benchmark 10 year treasury note also hitting a record low for investors who are on a bullish run the outlook has suddenly become grim. The rapid spread of the coronavirus has stock markets around the world on edge on monday some exchanges saw their steepest one day decline since 2015 today markets are continuing to slide in the u. S. And in europe the virus is rattling nerves. Thats a very serious thing but we think were in very good shape in the United States weve essentially close the borders to areas where we had to close them the. World Health Organization says the world should brace for a possible pandemic a situation where an Infectious Disease spreads easily
A 7 year high as investors flock to safe haven assets to the buyers go price increased by 19 percent and has continued to surge these 1st few months of the year not least because of anxiety over the operating asian stocks fell sharply today with the japanese yen hitting a 10 month low. At over to the frankfurt so hes changed the conrad blues and again were seeing some very bad numbers were going to see an amazing recovery of sorts sometimes. While at least the traders here are confident that as soon as the coronavirus can be contained there is reason to be upbeat today Economic Data from germany was updated the purchasing managers for index for the Manufacturing Sector managed to rise you know many analysts have predicted another slump of this index so i think its fair to say without the coronavirus the German Economy would continue on its path upwards. What about the g 20 finance ministers theyre meeting this weekend is there anything they can do to ensure things are kept under contro
A 7 year high as investors flock to safe haven assets through to the buyers the gold price increase by 19 percent and has continued to surge these 1st few months of the year not least because of anxiety over the break asian stocks fell sharply today with the japanese yen hitting a 10 month low. At over to the frankfurt so its strange for conrad and conrad again were seeing some very bad numbers we going to see an amazing recovery of sorts sometimes. While at least the traders here are confident that as soon as the coronavirus can be contained there is reason to be upbeat today Economic Data from germany was updated the purchasing managers for index for the Manufacturing Sector managed to rise you know many analysts have predicted another slump of this index so i think its fair to say without the coronavirus the German Economy would continue on its path upward. What about the g 20 finance ministers their meeting this weekend is there anything they can do to ensure things are kept under