The trillion dollar Tech Industry gathers in las vegas In Search Of The gadgets that will get it growing again. Plus polarising opinion we find out whats behind the scramble for lithium and whether the boom is heading for bust. Welcome to World Business report. Im Sally Bundock also in the Programme Alibaba cracks down on counterfeiters. Details in a moment. But first. We start in las vegas where thousands of Technology Executives are gathering for the annual Consumer Electronics show which opens today. Its the most important event of the year for the Tech Industry a chance for companies to show off the gadgets we will, they hope, soon be buying. Its a huge business and also an increasingly tough one. According to the Consumer Technology association which organises the las vegas show we will buy Gadgets Worth close to a trillion dollars this year. The problem is the industry as a whole is not growing. If its accurate that figure would be down around 2 on 2016. And it would be the the f
Are set to close from friday. Hello, and welcome to bbc news. The European Central bank has launched a huge emergency scheme to ease the impact of the coronavirus pandemic. The 820 billion package will buy government and company debt across the eurozone, especially that of italy and greece, which are in the greatest trouble. Italy has italy has suffered italy has suffered the italy has suffered the highest italy has suffered the highest number of deaths in a single day since the outbreak began in china last december. Freya cole has this report. Its an unusual sight. Sweeping views over paris which revealed the lot down in full force. Familiar landmarks deserted stopping the once busy streets, abandoned. At least 250 Million People across europe are in lockdown and it is causing economic panic. The European Central bank has issued a call for calm. It has held an emergency meeting and its solution is an 820 billion package to buy public and private assets curb skyrocketing debt comes ita
We now focus on the Economic Impact of coronavirus because stock markets have slumped further after President Trump suspended trouble between the us and europe. Almost 1500 points were wiped off the Dow Jones Industrial average on wednesday, loss of nearly 6 you just saw as the outbreak was declared a global pandemic. The president has announced emergency measures to support the us economy, including funding for Small Businesses and tax really. But markets have continued to fall in asia despite his attempts at reassurance. From new york, here is some error. This may have been the day when the ball finally left wall street, the Dow Jones Industrial average index leading us stocks now 20 below its lowest two last hi, making its lowest two last hi, making ita its lowest two last hi, making it a bear market. Fears of what it a bear market. Fears of what it coronavirus will do to the us economy are intensifying. Youd be hard pressed to find anyone with an optimistic view of us stocks here a
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