champion wolf is germany's two thousand and sixteen winner bad things didn't go quite well for the third seed. she was beaten seven six six four by veteran she sue and blame the scorching melbourne ueda. seventy w. news ben has business news coming up to you shortly. freedom of expression. a value that always has to be defended in you. all over the world. of freedom freedom of art. a multimedia project about artists and their right to express their views freely. d w dot com to freedom. every journey

begins with the first step and every language but the first word published in the. rico is in germany to learn german why not learn a simple online on your mobile and free shop d w e learning course he can speak german meetings e. us is on cloud nine emirates signs a deal to save the unpopular a three eighty but how long will it keep a double decker jumbo in the air. apple wants to pay taxes donald trump's u.s. tax reform spots the tech giants move to cough up what could be the biggest payment of profits for patrick headed from overseas. and a chinese surprise the world's number two economy defies expectations with its first annual growth spurt in years is the done at dr it.

let's do business ever it's a lines has announced it will buy twenty eight three eighty super jumbos with an option to purchase sixteen lol the deal is worth sixteen billion dollars and. comes as a big relief for the european aircraft maker earlier this week airbus c.e.o. john lee admitted that a three eighty program would have to be discontinued if a deal with dubai based emirates didn't happen soon the largest passenger plane in the world is proving to be too big for many carriers turning a bounce as proud as project into a nightmare for the company. because a hobo always has one eye on the sector but i bet he's still got your full attention it does indeed this deal gives airbus flagship product a lifeline one of the most visible visible industrial projects that europe has even overseas and i mean you said it there has been the announcement had been fears that the

a production line would have been discontinued without this deal even maybe even earlier than then than twenty twenty four why was that because we were talking about a deal being done weeks ago and it was then suddenly backing out and now this change of heart it is all very confusing well there have been weeks of tough negotiations from what i hear and there has been no specific reason given why there has been this change of heart i mean we have to see the deal is officially worth sixteen billion dollars now rebates in that category are very common so i would assume that the price tag is much less hefty than what somebody would think here and also air bus or rather emirates had said. the engines of the three eighty needed to be more fuel efficient and now airbus has agreed to say ok we'll look into a new engine option here because profit margins in the airline sector are so thin

and then you've got to think about the profitability of these giants that you're putting into the show you're getting more passengers more people on buying tickets bums on seats but if the fuel is going away those modules then maintaining a twin engine aircraft is always more efficient than having to maintain a four engine aircraft as true can you tell me then why it's so reliant on emirates it's basically it's zero cost yeah that is true the the a three eighty four the a three eighty indeed well the a three eighty has been built for a market that we have to understand. has not come into existence yet the idea by airbus was we make this plane this gigantic plane transporting a lot of people from one busy airport to another one where it slots are at a premium but that didn't really come to into existence instead. airlines have resorted to flying people from secondary in-between secondary airports that way making travel easier for four passengers even at the expense of seats you know

transporting less people but again in planes that are smaller the easier to maintain and easier to operate now emirates network is basically built on these large hogs that that that it services but the network of other airlines most other airlines looks much different so you'd say it still fits emirates portfolio basically all the way it does business it does it does but as you mentioned emirates is the biggest customer they have been about two hundred forty plus three delivered more than one hundred of those two to emirates and being the biggest customer obviously gives emirates a lot of power ability to apply pressure here and this is also a big plus for airbus that shares shooting up to record highs today that's right as we heard the program being able to be continued at least ten years and that gives

error bars a timeframe hoping for a market which hasn't caught on the chinese market opening that. which is an operation for only you know minimum margins in china by then we'll make it to china ok well let's see if they can profit from this to respond was saying globally and it's driven by china as you say good luck to them first of all the thank you. apples been stashing cash abroad for years now to avoid i a corporate tax rates at home but us president donald trump cuts change that now the tech giants bringing back that money to invest in the united states and save big time on taxes. it could be one of the biggest money transfers in the world take giant apple is moving two hundred fifty two billion dollars from abroad to the u.s. the company is set to face a tax bill of a whopping thirty eight billion dollars sounds like a lot but apple is actually saving money on the transaction a year ago it would have had to pay more than double that amount. apple c.e.o.

tim cook says the company is proud to build on its long history of support for the u.s. economy. now the i phone makers planning investments worth billions in the u.s. it will build a new campus and hopes to create twenty thousand jobs. most of the money apple is moving comes from ireland where corporate tax rates are even lower but efforts by the e.u. to harmonize corporate taxes across the bloc have made the situation uncertain so a recent reduction of u.s. corporate taxes from thirty five to twenty one percent is more attractive. you figures show the chinese economy gained steam last year the first annual increase in seven years course domestic product through by six point nine percent and exceeded economists forecasts and the government's target. china remains one of the

world's most powerful economic engines its booming growth over the past decade has easily outpaced recent growth in the u.s. . over the past ten years china's share of global output rose from eleven to eighteen percent other emerging markets are also grabbing larger shares of the global economy the trend is reversed in the u.s. which slipped from eighteen to fifteen percent. china's flourishing export market is one reason for its strong growth. the country's building boom has provided in additional boost enough only are chinese earning more money than in the past they're spending it. consumption is on the rise benefiting the retail sector and the real estate market. companies are investing in production to feed the growing demand for goods from china. but the biggest investor is the government especially in infrastructure nearly a trillion dollars have been earmarked for the one built one road initiative and

ambitious project to develop trade corridors to central asia the middle east and europe. and singapore in frankfurt address starting with you are these growth figures a sign of what's to come or just a one off well the numbers do look positive but when we are looking at it is is a positive preamble to what me looked like a negative twenty eighteen for china and no doubt this twenty seven hundred numbers did exceed expectations off from analysts as well as the chinese government themselves moving forward though did do predict the growth to slow to six point five percent in twenty eighteen and it's the same number that the chinese government itself has put out i don't know what does frankfurt think there are questions often questions about the accuracy of numbers. yeah exactly that's what investors here are telling me as well they're always surprised how fast china is i mean china

a much bigger country than germany but they need always less time to provide those g.d.p. numbers on the other hand they are always exactly how the government wanted them to be that it was already in two thousand and seventeen and sixteen the case now for two thousand and eighteen just mentioned g.d.p. is estimated at a level of six point five percent investors here have no doubt no doubt at all that the chinese government will report exactly those same numbers again except that in this case it was six point nine it was above the government target so my question to you is beijing successfully transit transitioning from global sweatshop to innovation hub that's been its big goal. well one would like to think that that's the case but in fact it's kind of struggling to find a balance between during that transition and this is largely because of the competition between two different economies that china has right now what we need

for it on one on the one hand we have the heavy industries and the manufacturing sector the property sector is still dominant and still pulling the weight and outpacing the lively booming economies in fin tech industry so this tug of war is kind of what's causing causing the imbalance within the chinese economy and certainly there are threats ahead what about china's excess production capacity and threats of tariffs from the us. that's a very big threat the overcapacity has plagued china for most of twenty seventeen and in fact the side in two hundred sixteen now if the data is true the high explosive all games are somewhat indicative off some of that excess of volumes moving out of china meanwhile china also still has to deal with a very high debt pile and that's still a very big struggle for them which they are hoping that an increase in domestic

consumption and household consumption is going to boys that for twenty teen it's also got that threats from the u.s. with trump increasing the widening helping to widen that gap treat get between the two countries with the restrictions as imposing on china for us in singapore there and then you know. frank thank you to both of. and i start business with you. we've. moved. to a move.

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