By middecember. G20 discusses the virus and remedies. President trump. The worlds first travel bubble burst. Kongsingapore ehrlich is being postponed by at least two weeks. Host calling and a question the fragility of the travel bubbles. And how fragile this travel revival could be. Stocks extending the weekly decline towards the end of the week. We are looking at more optimism going into the start of trading in asia. Kiwi stocks up by 0. 4 . Goingle bit of advance into the start of trading. And we are seeing dollaryet continue to decline. Dollar weakness continues to play out. Vaccinations when it comes to the vaccine progress we have seen against covid19 could be administered in three weeks if they are given the green light from the fda. There are still questions about how poor countries will be given access. We are in washington. How close are we to get some rgency off to raise the emergency authorization in the next few weeks . Duringeems a could calm an emergency meeting. When you
Place in the philippines accused of human rights abuses as they enforce strict coronavirus measures and the outgoing void to me in. Chief for failing to protect muslims im joining us with sports including more doubts around the term care limp exist japans Prime Minister says it wont be possible to host the games unless the coronavirus is contained. Just 2 weeks ago the world learned were on track for the worst recession in nearly 100 years coronavirus pandemic may wipe 9 trillion dollars from the Global Economy well now countries around the world seeing that stark reality play out on their own balance sheet. The Worlds Largest economy for example the United States well its shrunk by nearly 5 percent since the start of the year thats the largest drop since late 2008 and nearly a full percent more than expected well germany europes economic powerhouse is expected to plunge into its deepest recession in 50 years new numbers released by the government have the countrys g. D. P. Shrinking b
And farewell to an icon of both bollywood and hollywoods a fun car and dies at the age of 53. 00. Its still early days in the pandemic caused worldwide recession but we now have a better sense of how hard key sectors of the economy being impacted the Worlds Largest economy the United States is wiped out a decade of growth shrinking by 4. 8 percent in the 1st quarter according to figures released a short time ago one of its largest manufacturers boeing has reported losses of at least 600000000. 00 while european rival airbus says that it lost more than half a 1000000000. 00 in the 1st quarter of 2. Europes largest economy will have the worst year since the end of the 2nd world war germany contracted by 2 percent in the 1st quarter but is forecasting a 10 percent drop in quarter to compare those figures with what we heard from china 2 weeks ago a near 70 percent decline and historic drop in performance compared to the same period last year out of there as john hendren has been following
Around the clock this is counting the cost on aljazeera look at the world of business and economics this week as the death toll rises the Economic Cost of the coronavirus is being felt in every market in the World Oil Prices have tumbled prices. We have an exclusive interview with the general secretary of the gas exporting nation. A few 1000000000. 00 spent trillions of dollars later from new york. We look at the Economic Cost of rising sea levels. The extraordinary risks in peru taking to bring in the cash. Death toll from the coronavirus keeps on rising its not only crippling chinas economy its having a knock on effect globally formula ones race in shanghai has been postponed and this is. As mobile World Congress half a global way in barcelona has been canceled or oil prices have tumbled 20 percent below that january peaks raising the prospect that opec could cut production again its not only opec that feeling the pinch china has also turned away gas tank is slashing gas prices in ha
Later from new york carter look at the Economic Cost of rising sea levels. Warm up the extraordinary risks divers in peru are taking to bring in the cash. Death toll from the coronavirus keeps on rising its not only crippling chinas economy its having a knock on effect globally formula ones race in shanghai has been perspective and this Years Mobile World Congress half a global way in barcelona has been cancelled or oil prices have tumbled 20 percent below their january peaks raising the prospect that opec could cut production again its not only opec thats feeling the pinch china has also turned away gas tank is slashing gas prices in half and Just Like Oil theres a glass of gas on the market yet unlike opec theres no collective resolve to control prices but over the last 2 days. Cades a group of 12 gas exporting nations have been working to break the link with oil prices right now 34 percent of gas is traded on the markets but despite controlling 70 percent of the worlds reserves they