Business Daily Folgen

In today's Business Daily we're asking some awkward, often neglected questions - will the economic recession itself prove more fatal than coronavirus? How do and how should governments put a value on human life? To help answer these questions we speak to Bryce Wilkinson, a senior fellow at the New Zealand Initiative; US science journalist and biostatistician, Lynne Peeples and John Broome, a Professor of Moral Philosophy at Oxford University. (Picture of a wallet via Getty Images).

The World Bank has warned global remittances, which is the money migrant workers send home, will fall by around 20% in 2020 because of coronavirus. The bank predicts this will affect the income of at least tens of millions of families. One such family is that of Smitha in Kerala, whose husband is stuck in Dubai unable to work due to lockdown. But it’s not just about subsistence. Michael Clemens at the Centre for Global Development says remittance flows are a crucial resource for helping families and communities pull themselves out of poverty, and the effects of this sharp fall in remittances will be felt for many years to come. Meanwhile, Yvonne Mhango, Sub-Saharan Africa at Renaissance Capital, explains how the impact felt in Africa will differ across regions. And Michael Kent, CEO of digital payments service Azimo, explains how services like his could fill the gap left by the shuttering of brick and mortar transfer shops. Producer: Frey Lindsay. (Picture: Smitha and her family. Picture credit: Smitha Girish.)

Coronavirus has derailed the global economy, closing entire business chains across the world. Big companies may have the collateral to withstand the storm, but what about smaller ones? We speak to three business owners to find out. Ramjit Ray in Calcutta in India, Victoria Brockelsby in High Wycombe in the UK and Mustafa Jaffer in Allentown in the US. (Picture description: Coronavirus calculator via Getty Images).