To resort to some surprising ways of flying in equipment. Our Asia Business team is standing by with the details. And Michael Milken, the junk bond king, gets a pardon from President Trump. Michelle fleury in new york, will tell us why. London looks set to get a major new tech hub in its already thriving financial centre. Well be asking the Company Behind the scheme why its betting big on technology. And later were talking business etiquette which can vary from country to country. Have you ever unintentionally fallen foul of the unwritten rules let us know just use the hashtag bbcworklife. Hello and welcome to worklife. Do you greet people with one kiss, too, but sometimes its safer to say welcome to the programme. Please get your tweets coming in. Some of the passengers and crew quarantined on a cruise ship off the coast ofjapan have begun disembarking. There have been over 500 cases of coronavirus detected on board. Only people who tested negative are allowed off, for now. The uk government is organising a flight back to the uk for 7h british people on the ship. But how damaging is this incident for the wider cruise industry . mix carnival is the worlds biggest cruise operator, and the company that owns the quarantined ship. It says the outbreak will hit profits and thats reflected in their share price which is down by more than 15 over the past month. And its not the only one in the 45bn cruise industry to be hit. Royal caribbean says the virus has forced it to cancel 18 cruises and modify others with Financial Results also likely to be affected. More broadly its estimated that the outbreak, thats now infected over 72,000 people, could cost the Global Tourism industry 80 billion. The industry could feel the impact until at least next year. With us is dr shirley yu, visiting senior fellow at the London School of economics and political science. Surely, we were looking at the figures they are. What sense do you have of the impact it is having overall on the Tourism Industry . In the Tourism Industry it is reasonable for us to think about what is happening inside china and the spilling over effect, globally is that in the Chinese New Year period alone which ended at the beginning of february, we are looking at basically 80 billion of tourism revenue down over that seven day period and on top of that an additional 80 billion of additional revenue loss from the retail and restaurant industry. Just over that seven day period . Retail and restaurant industry. Just over that sevenday period . Thats extraordinary. We can safely say that by the end of the seven day holiday period that that it has cost a trillion, hundred and 50 billion and the Tourism Industry employs over 10 of chinas entire workforce, so over this period of time while businesses are waiting to be opened up, the Government Policies for employees will continue to be paid at full salary scale while business is preparing to resume, so while business is preparing to resume, so this is honestly a financial toll for Business Owners, particularly the small and Medium Sized Companies and imagine, over 100 million employees in this labour intensive industry. It is more than the economy itself, it talks about social stability and sob security so its everybodys interest to get up and running. We we re interest to get up and running. We were talking to the boss of the Online Travel agency in china and she seemed optimistic that whatever knock the tourist industry has taken they would bounce back quickly once they would bounce back quickly once the crisis was over. Hopefully it will. I thinkjane is spot on on that having got the big data from the industry but on the international level, its not a matter of whether it will be bouncing back, but when, so i think with a Chinese Tourists travelling in 2019, a lot of the tourism dependent countries and economies on the chinese periphery are going to ta ke on the chinese periphery are going to take a harder hit and say countries like australia, where16 of International Tourists were from china, Business Owners are saying they are facing unprecedented risks. A quick question because you can measure when new cases are starting to tail off and there is a reduction, but how can a business tell when demand will research for travel to those areas . That is the big question and for tourism, the consumer confidence, hopefully it will remain intact, like a cruise ship with a global asian population the fundamentals should remain intact and we should remember as well in 2012 when the concordia cruise was on the side of italy and the revenue was over 30 billion at the revenue was over 30 billion at the time and today it is 45 billion, so one and a half times that and hopefully it will continue to grow ina hopefully it will continue to grow in a long term structural basis. Thank you very much. Lets take a look at some of the other stories making the news. Boeings crisis hit 737 max jetliner faces a new potential safety issue as debris has been found in the fuel tanks of several of the planes. The head of boeings 737 programme has told employees that the discovery was absolutely unacceptable. It comes as the 737 max remains grounded after two fatal crashes. Facebook says its deeply concerned about a singapore Government Order to block access to a blog page on its website under a controversial fake news law. Authorities ordered the tech giant to block the states times reviews page in the country this week. The blog has been accused by the government of perpetuating misinformation. The blog, run by australia based singaporean political activist alex tan, is known for its anti establishment articles. More now on the impacts of the new coronavirus, and Jaguar Land Rover has flown in parts in suitcases as the effects take a toll on the carmakers supply chain. Sarah toms is in singapore. How bad has it got, sarah . Its obviously got really bad, and just in case you were thinking of making a big luxury purchase of a car, id advise you to do it sooner rather than later and thats because the uks largest car maker said it could run out of chinese parts for british factories after two weeks, and as you said, things are so bad they have been flying parts out in suitcases and its become clear that the coronavirus is going to weigh a lot more heavily on companies and economies than first anticipated and its also going to take a toll on Global Supply chains stop more than 2000 people have been killed by the respiratory virus in china and that is what has forced the Chinese Government to shut down factories and shops so more people are not exposed to the virus and it doesnt spread any more and were already the impact of that. Apple came out on tuesday saying it would affect sales, revenue and supply of iphones and now, on wednesday, Jaguar Land Rover has come forward to say it is not just parts that rover has come forward to say it is notjust parts that are in shortage but its also affecting sales and its not sure if it can recoup any of these losses. Sarah, thank you very much, theyre in singapore. Lets have a look at the markets. Asian shares edge cautiously higher. Thats despite the lower close on wall street overnight. Investors tried to shake off worries about the coronavirus epidemic after a slight decline in the number of new cases. The euro languished at a three year low against the dollar. Disappointing data from germany, europes largest economy, has stoked fears that the eurozone is more vulnerable to external shocks than previously thought. Oil prices rose. A reduction in supply from libya offset concerns about weaker chinese demand for commodities. Expectations that 0pec members and other main Oil Producing countries including russia will cut output further should help support prices. Now to the us, where President Trump has issued a flurry of clemency orders, including a pardon for financier Michael Milken, who was convicted of securities fraud. Michelle fleury has more from new york. Legend has it that Michael Milken was in part on inspiration for the gordon gecko character in the film wall street. In 1990 he was sent to prison for his part in a vast Insider Trading scheme. Donald trumps decision to pardon him came on the same day that seven others received a pardon and four others had their sentences commuted, including former illinois governor. The president would not say if he is considering a potential pardon for his long time associate of roger stern. As for mr milken, he has sought to rehabilitate his reputation for decades and has established an influential nonprofit think tank, devoted to initiatives that advance prosperity. Now, even with a lifetime ban from the securities industry, the formerjunk bond king who was sentenced to ten yea rs bond king who was sentenced to ten years in prison and fined 600 million has a pardon from the president. Time now for our daily look at some of the newspaper and website stories which have caught our eye. Joining me is lesley batchelor, International Trade expert and chief executive of export boot camps. An International Trade expert which means youve been exposed to business etiquette and it differs between nations through your career. And thats the story were starting with. A guy from the Financial Times to british disneys etiquette a guide. British business etiquette. The thing is, we are terrible at expecting people to understand and we dont think we have an etiquette, we think we are normal people and everyone else has the etiquette and of course, we tend to go to meetings and startjoking about things and its quite a difficult thing to do in a second language. We have something called ba nter language. We have something called banter which is another thing that is quite distressing to people and they feel we are being abusive to our colleagues and they sit there feeling very confused and we have a lot of things that we do that people just do not get in we tend to have a habit of people coming into this country to visitors of saying at 530 and six oclock, we say see you tomorrow morning and whenever ive travelled, people have taken me out to dinnerand travelled, people have taken me out to dinner and spent a lot of time with me and if i had to spend a weekend away they would make sure i had things organised but the brits dont think like that. So we are going to have to sharpen up our approach. Everywhere ive been, especially in india, my evenings, my weekends, they are taken care of by my lovely colleagues and they did as much as they could and you are saying its not replicated in the uk. It doesnt happen, no, u nfortu nately. Uk. It doesnt happen, no, unfortunately. There are some good advice in this one. If you do not buy a round in advice in this one. If you do not buya round in britain, advice in this one. If you do not buy a round in britain, stand for some light hearted but crushing jokes about your meanness. And the whole concept of a round is something they dont quite understand as well, so we have to explain ourselves sometimes and i took an italian out once to a beautiful restaurant in brighton and we had sort of four or five pieces of cutlery and the following night i took him out for fish and chips and told him to use his fingers and he thought, what is going on here . One thing that transcends borders according to the ft is bringing a meeting to a close because everyone, wherever they are would rather be somewhere else than a meeting. Wherever they are would rather be somewhere else than a meetinglj think somewhere else than a meeting. think that is very true. Of people are not told the rules, how can they be expected to follow them . We do expect people to Research Things and we go on about this in International Trade, if youre going to a new market find out how they do business and find out if they want you to bring presents or shake hands or wa nt to bring presents or shake hands or want to hug you. Just find these things out because then you are prepared for what youre doing. Thats possibly the most challenging way people shake hands at the start or stand up. Is very important if youre trying to do trade deals. Nice segue. Thats our next story. Just gently introduced. Yes bloomberg is talking about the fact that we have to pay import duties and we have clearance issues and especially food, because we a p pa re ntly especially food, because we apparently have 79 of our food that comes from the eu and there are three really high risk things that come through in International Trade import wise and that is food, feed and excise and that is busily wine and excise and that is busily wine and alcohol and things like that but food needs Health Certificates and animal Health Certificates and michael gove has told us to prepare for the fact that we need more of these checks are not everything that comes into the uk is checked or examined but food definitely is and its one of those things that will be an issue for us, proving the origin of goods, how they have been certified and how the paperwork works and more importantly, we have theissue works and more importantly, we have the issue around fisheries where the eu said they would give us a 0 on ta riffs eu said they would give us a 0 on tariffs as long as we do a deal on the fisheries, so that will be an issue for us all. Leslie, were out of time but thank you very much. Good to see you. Still to come. Londons ca nary wharf looks set to be the brand new home of a major new tech hub and the man behind the scheme will be here to explain why. Youre with worklife from bbc news. Storms ciara and dennis have left thousands of people suffering the effects of flooding, and theres more bad weather to come. Small businesses are particularly at risk, as they struggle to get insurance in flood risk areas. And with other issues, such as difficulties getting loans, the impact for the local economy could be severe. So what support is there . Paul cobbing is the cheif executive of the National Flood forum, a charity that helps flood hit communities. It isa it is a repeat of flooding that happened more than we care to think about. We had news reports from farmers saying that they were flooding in the 1950s, the 1960s and we have flooded several times since the year 2000 so it is an increasing problem in one likely to get worse. What advice would you give to businesses who find themselves at risk of flooding time and time ain . Risk of flooding time and time again . Its a real problem at the moment. Getting good insurance is really important, if you can get it and making sure you are covered for things like storage areas, cash flow, trading, your ability to trade afterwards and loss of income because even if you are not directly affected yourself in your community, others may be. The people you trade with might well be and that could affect your business. If you can protect your property with certain measures and lift goods off the ground and put your it equipment upstairs, those are things you should be thinking about but lets face it, even with all of that, a lot of those businesses will be affected and some businesses have been hit many, many times. Briefly, the National Flood forum, you can offer support, so what form does it take . The basic form is in advice and guidance on what to do we a telephone helpline. And we do pick up telephone helpline. And we do pick up issues and try and take them to government so the issue of insurance is one where we have been to death row, the treasury and the Insurance Industry is bodies on a number of occasions. Its now reaching the point where we need to see some action. We have to leave it there but thank you so much. The ceo of the National Flood forum joining us from birmingham. Thank you very much. Youre watching worklife. A reminder of our top story some passengers from the cruise ship stranded off the coast of japan because of the new coronavirus, have started to disembark. More than 500 cases of the virus have been identfied on the ship. It comes as the Tourism Industry counts the cost of the spread of the virus. 0ne estimate suggests it could cost the sector around 80 billion. Now, there arent that many locations around the world that are synonymous with big finance as londons canary wharf. From hsbc, citigroup to barclays, the area is home to some of the biggest names in the financial industry. But despite this success, it lacks some of the Major Players in the tech world. Well, the districts management, canary wharf group, wants to change that. It is now creating a five Million Square Foot Development called wood wharf which it hopes will generate 20,000 jobs. Canary wharf groups managing directorjohn garwood joins us now. How are you going to change that . There are several things and you did pick up on the Financial Sector but what has happened in the last few yea rs what has happened in the last few years is the diversification in ca nary wharf years is the diversification in canary wharf and only 50 of Financial Institutions are non financial and thats been achieved by mostly tech and the big demand for space in london is coming from the tech sector. You are building bespoke clothes, you dont building bespoke clothes, you dont build flares if no one is wearing them, so with buildings we are building low rise commerc