Canceled around the globe tourism and Hospitality Industries are the 1st to suffer from the Virus Outbreak how long haul tells and allies hold out without state aid. This is d. W. Business im gal alphas in berlin welcomed with the economic damage caused by the corona virus becoming increasingly clear more and more companies are calling for state aid some governments have already responded with a variety of measures south korea for example is to deliver an economic stimulus package to the chief of 13700000000. 00 u. S. Dollars the cash is mainly aimed at smaller businesses like the countrys numerous market traders who have been badly affected by the crisis the United States states has altered its Monetary Policy in an attempt to calm markets in a surprise move the Federal Reserve lowered the base rate by a point 5 percent keeping Interest Rates between one and 1. 2. 5 percent china 2 has implemented a range of measures to support its economy Small Businesses have been granted tax and So
A significant hit the country is also mobilizing financial weapons in the war on coronavirus on wednesday seoul announced the 9800000000. 00 stimulus package to get the economy through the corona crisis i would look good me be found as you are we understand that the economy is in a state of emergency were putting all our policy focus on minimizing the economic fallout especially for the vulnerable sectors small to medium sized businesses and self employed people away from the. Finance minister hong said the supplementary budget will also channel money to childcare Outdoor Markets and the Health System thousands of patients are currently being cared for in makeshift facilities as the ballooning caseload has outstripped hospital capacity. For South Korean Parliament still has to approve the funding package the government aims to present the finalized supplementary budget to the National Assembly on thursday. Trying to bring in andrea hang in singapore early ballots in frankfurt and start
A 9800000000. 00 stimulus package to get the economy through the corona crisis i would look she would me be found as we understand that the economy is in a state of emergency we are putting all our policy focus on minimizing the economic fallout especially for the vulnerable sectors small to medium sized businesses and selfemployed people away from you know finance minister hong said the supplementary budget will also channel money to childcare Outdoor Markets and the Health System thousands of patients are currently being cared for in makeshift facilities as the ballooning caseload has outstripped hospital capacity. The South Korean Parliament still has to approve the funding package to government times to present the finalized supplementary budget to the National Assembly on thursday. Time to bring in andrea hang in singapore early ballots in frankfurt and various starting with you take us through some of the numbers in the region. So ben it looks like korea is joining the list of co
The economy through the corona crisis i would look she could me be found as we understand that the economy is in a state of emergency we are putting all our policy focus on minimizing the economic fallout especially for the vulnerable sectors small to medium sized businesses and selfemployed people from the. Finance minister holmes said the supplementary budget will also channel money to childcare Outdoor Markets and the Health System thousands of patients are currently being cared for in makeshift facilities as the ballooning caseload has outstripped hospital capacity. The South Korean Parliament still has to approve the funding package the government deems to present the finalized supplementary budget to the National Assembly on thursday. Time to bring in andrea hang in singapore early ballots in frankfurt and various starting with you take us through some of the numbers in the region. So ben it looks like korea is joining the list of countries that are whipping out the a. T. M. Card
Us today the future. For mega city. Could turn. Like we were. When we were. 80 percent of americans at some point in our lives will experience hardship. Over the checkbook south koreas government plans a 10000000000. 00 stimulus bunch of his final coronavirus correspondents in singapore and frank what they think about it how long can it europes airlines and hotels hold out without state aid we measure the health of the confidence of the Tourism Sector and the alarming demand. Just ahead and you like your river front property disappear as mine is move in well take you to the amount. Of business pilgrimages package Holiday Tours trade fairs and corporate earnings all thrown into disarray the coronavirus carnage continues asian shares taking another hit today but south korea is coming to the rescue with its biggest stimulus package since the Global Financial crisis the nation has been cut off from the rest of the world just like china remembering its also a key player in the Global Supply