a serious contender in the autonomous ride sharing business. i'm chris colfer welcome to the program more people are falling victim to the new flu like deadly virus the death toll rose to 17 on wednesday with more than 540 cases confirmed the chinese city of wan the epicenter of the corona virus outbreak has closed all transport networks people are told not to leave the city that's according to chinese media while fears are mounting over a potential global impact those working in the travel industry are particularly worried. it was a right they had to fight for stuff like cafe pacific have now been granted permission to wear masks on all flights not just those in mainland china. their employers decision no doubt influenced by the discovery of a number of cases of the coronavirus outside of china. so. i'm sure everyone know it's no scenes of control already in mco or. new cases already memories of the devastating sars outbreak in 2003 have prompted airport authorities around the world to step up screenings of passengers coming from who han where the virus originated there are coronaviruses that cause the common cold that are now a huge public health concern and then there are coronaviruses that caused sars severe acute respiratory syndrome or mers middle east respiratory syndrome but the new virus isn't just a public health concern it could also cause billions of dollars in economic losses from reduced truffle and spending it's already infected financial markets with cautionary selloffs on tuesday followed by parkin buying on wednesday. for the travel industry the timing couldn't be any worse the new lunar year kicks off on friday in china that means must transit in the usual here some 3000000000 trips are made during the holiday period this year some are conflict their plan. this year i go back. because my my family are worried. if i go back for us so i. but the travel season will also be a test of officials ability to contain the outbreak should it turn into an epidemic experts say the impact on the global economy could be staggering for more let's bring in our financial correspondent. now this is obviously a developing situation so it is hard to estimate its impact and potential cost there have been some attempts. correct korean says so far bank analyst are still trying to calculate what will happen on their own awful as scenario there is no a specific way of measuring diesel so most no morals say take the sars as a comparison by dennis the worst affected economies were china hong kong taiwan and canada and singapore their economic growth was affected by poles in retail sales and trouble as people sought to avoid crowds through fear of contagion but they also they also so typically rebound sharply afterward what we learned by dent greece isn't even in but was a relatively short lived the outbreak resulted in hundreds of them and a loss of at least $40000000000.00 of a 4 day global economy causalities markets took a hit on tuesday on the news of the coronavirus spreading give us your wrap of wednesday's trading session. wall street here did not panic about the coronavirus about airline stocks were mixed there are several factors had to take into account not only the risk of an epidemic outbreak but also more news on boeing 737 mags and some companies releasing quarterly earnings so why wall street closed with mixed sino here in wall street costello is down on wall street thank you. and now to some of the other global business stories making headlines germany's benchmark that x. and x. reached a fresh all time high hitting 13640 points and wednesday trading at a list of reviewed it the move to the recent us china trade deal pact lifted spirits among germany's exporters italian police have seized to 10 tons of pork smuggled into europe from china the cargo was found in a food did go near paduan and authorities there fear the mead could be contaminated with african swine fever chinese pork meat is forbidden in the european union a judge in canada has approved a 136000000 euro fine against fox wagon after the carmaker pleaded guilty to dozens of counts of diesel emissions violations fox wagon was charged december with importing nearly $130000.00 vehicles in the calendar that violated emission standards the fine is the largest environmental penalty in canadian history. european commission president or is enough underlined told participants at the world economic forum in davos that the european union is examining a carbon tax on imports ms funded line said there would be no point in reducing greenhouse gas emissions at home by importing emissions from abroad that could mean a carbon boarder tax on high emissions goods from outside the walk in a so-called new green deal the e.u.'s promise to become carbon neutral by the year 2050. so the head of the european commission taking center stage in davos on wednesday but the u.s. president was also back and the spotlight here is our correspondent javier our get us with more. the president of the european commission. was very clear when she said that the european green deal will be the strategy for the blocs fruiterer economic growth growth that could be threatened by a trade dispute with the united states however after listening to the u.s. president donald trump who again addressed office today in a press conference it seems like trade negotiations between the you and the u.s. are not going so well the president even said that it's more complicated to negotiate with the e.u. negotiating with china experts agree that a trade dispute with you would be far more costly for the u.s. economy than the ongoing trade dispute with china that's because taking into consideration imports and exports bilateral trade in 2018 for example was 70 percent larger between the u.s. and the e.u. than between the u.s. and china. if you don't have a i guess reporting there now what is the purpose of a company as a simply to create value for shareholders or is it to guarantee a certain social goods like work and decent wages while with climate change looming and inequality persisting skepticism over traditional shareholder capitalism is coming from all corners and seems to resonate among the leaders gathered in davos. one message coming out of davos is that companies want to take more responsibility for the environment and one is ahead of the pack one of the world's biggest money managers blackrock is working with germany and france on creating environmental funds $500000000.00 for sustainable investments and the trillions of dollars that blackrock managers will be invested in clean projects. we're going to turn down any companies that don't take long term environmental and climate risks into consideration. in their corporate management we take coal mining for example we will withdraw from companies that continue to rely on coal will refuse to take part in those projects. blackrock is still one of the biggest investors and coal projects such a huge company changing its policies can have a tangible effect but is this just green washing or a serious commitment it's not something that superficial it's not something that they're doing to greenwash it's something that fundamentally changes their economics in the way they do best us if we actually think about companies that are performing well financially they're also usually the ones that are doing better on environmental metrics and social metrics and governance metrics what would a new sustainable capitalism look like there are plenty of initiatives around the world to help companies be more sustainable and we're told there's definitely rising demand for such services especially since companies are affected by complex global problems which they can't solve on their own. well it looks like what that girl liberation is the new competitive edge to companies so those companies that know how to collaborate with n.g.o.s civil society with governments and with their competitors with their supply chain players are really barred not just compete those hopefully have the future but the $500000000.00 that black rock is collecting for climate funds won't go far in solving the world's climate woes. and general motors has unveiled the driverless car that will power its planned autonomy ride sharing services that's been developed and cooperation with japanese rival honda in an effort to catch up with rivals who are already far ahead. this is the origin story of g.m.'s self driving ride sharing aspirations rather boxy looking symmetrically designed cruise is supposed to be the future of inexpensive day to day travel safer and better and cheaper as if it were a very different. but cruise has got off to a slower start than collaborators g.m. and honda would have liked regulators a yet to get on board with the $900000000000.00 project cruise is still awaiting the permit it needs to do driverless test rights on california's roads however c.e.o. dan ammann is already planning the next steps i'm your temperatures going to take this area with me into it. he says cruz is well on the way to production but hasn't said when or where. and that's social thanks for what. actually really just shows how fresh. shows. such. some. of the smart way to get where you're going to play global auto mobility show every week w. . look closely. listen carefully you don't know who simply is going to be going to. the edge plenty discover the. flu. live subscribe to the documentary on you tube. you know that 77 percent a lot because younger than 60. that's me and. the last time all voices. on the 77 of the sun talk about the issues. from the politics of classes from the world's top this is where. welcome to the 77 percent place we can't d.w. . pledge. place . hello and welcome to news from the world of arts and culture and here's what's coming up in the next quarter of an. it's turning out to be a hard mixes between the role family and harry and meghan will be discussing that. and staying in britain there's also a debate about the chimes of big ben and bricks. we begin in verona italy this beautiful city is where shakespeare is romeo and juliet fell in love but it has a dark side to it was one of most of the strongholds in the 2nd world war and today neo fascists are thriving once again and door being walls with hate graffiti including swastikas so a plucky street artist that called chiba seeks the graffiti paints over it with well pictures of food. the historic scenic city of toronto now has a problem with me you not see graffiti it hasn't reached the picturesque old town but it is impossible to overlook in the left touristy parts of the city st john's is chivo is on a one man mission to cover it up. a lot of this but i'm going to paint over it with a sausage.