history is north korea's kim jong un and u.s. president donald trump meets an end to hostilities on the korean peninsula could mean the beginning of prosperity for the north we take a look at the economic ramifications of the summit. and die message fishel say the global economic outlook is docketing by the day we'll talk to the o.e.c.d. secretary general who has a much brighter take on the numbers. this is your business update on how the home for you glad you could join me while the initial euphoria has faded stock exchanges a wary about the details of kim and trump steenie if your eyes ation deo but it could boost impoverished north korea now before the war they don't have the lion's share of industry that is before the two splits nowadays twice as many people live in the south though we don't have the exact numbers for the north and the economies well they all vos three different if we take

a look at them because in twenty six south korea's g.d.p. was around fifteen hundred billion u.s. dollars compare that to the north's just twenty seven billion now the south is one of the world's biggest exporters imports it does a trillion dollars worth of trade every year the north's trade when it's minuscule an almost all of it is with china. this is the view into north korea from the chinese border city of dandong here interest in the events that led to the extraordinary nessen of the north korean leader and the us president has been huge for many locals it was a bad business as much as politics. if the meeting between trump and kim is successful it will be great for us people in dandong because we do a lot of cross border trade. is mainly by cross border trade that's what my husband does he had investments in north korea so we really hope that the country opens up

soon. for a country as isolated as north korea maintaining ties with china has proven to be an economic lifeline look at the numbers and you'll see why in twenty fifteen north korea imported goods worth almost three and a half billion dollars eighty five percent of them came from china indian and russian imports together accounted for a further five and a half percent with countries including mexico and the philippines making up the rest. turning to north korean exports now they were worth two point eight billion dollars eighty three percent of them went to you guessed it china a further three and a half percent went to india north korea's top exports include minerals textiles and fish. but amid the flurry of excitement about bridging differences it's easy to overlook the source of north korea's decades of political and economic isolation

reports of human rights abuses including slave labor prison camps and torture are among the reasons the country's been shot out of international diplomacy. or u.s. stocks edged higher on tuesday with help from media stocks as investors look fast to historic u.s. north korea summit and focused on the federal reserve's policy meeting now the fed is widely expected to raise interest rates for the second time this year on wednesday best as. to whether all raise rates three or four times. says goes straight to yen is courting standing by for us in new york against what are you hearing there on the trading floor about that meeting. well it's certainly pretty much a done deal that we will see another interest rate increase and for certain the big question is will we see further increases this year in another one maybe two or maybe none and the problem is even the federal reserve to it does not really know

at this point a lot depends on for example how the trade disputes will play out higher tariffs usually mean higher prices so that could drive from inflation iron might cause the federal reserve to come up with more. increases we already got a new reading on consumer prices here on tuesday and we saw the biggest yearly increase in more than six years also if you look at the unemployment rate in the u.s. we're just shy of the lowest unemployment rate in about fifty years the only link missing is that wages are not really increasing in a big way at this point so well we will see another interest rate increase if there are more to follow this year remains to be seen yes thank you. well a federal judge has ruled they can buy time warner for eighty five billion dollars the decision came after a six week antitrust trial the government argued the deal was illegal because it

would give a t. and t. the power to withhold h.b.o. and turn of channels from smaller pay t.v. rivals now the deal will allow eighty entities to compete with internet companies that dominate digital advertising eighty and he says it expects to close the deal with aids. i.m.f. chief cristina lagos says storm clouds are gathering over the global economy under trump's policies but here in germany the o.e.c.d. suggests growth in europe's top economy will remain strong next year said the group did this germany's launch trade this is a source of concern and has more investment in infrastructure and technology. my colleague ben pursued and spoke to the o.e.c.d. secretary general and held her and asked him how germany can remain so economically stable in such toby the times for global trade. your basic premise is that everything's going so wrong and does not trade is now growing at four to five

percent that is higher than we've ever had in many years actually you had trade growing at zero minus something and then we have two percent very anemic now ideally should be growing at about seven to eight percent. but it's catching up it could be doing even better at the moment what has been good if it was not because of the last great tension you know it's because we have many many years because of the crisis because we are still suffering the consequences of the crisis but it does not seem to be too affected by these tensions and by but the tensions are creating uncertainty and uncertainty is bad and it's a moment when in the recovery needs to underpin you know to be to be underwritten by all the players exactly if you want that growth to be sustainable you need investments and investors at the moment don't see a stable future trade is growing because there's greater confidence but that should

lead to greater investment and investment you're absolutely right in you know investment requires just like like seeds need to watch or you know it will cost confidence confidence confidence so as the o.e.c.d. head what are you doing to give investors that confidence i mean you can give your outlooks you can give your warnings you know we always have give policy recommendations is not just about projections and numbers but they have to be you know numbers that kind of whisper in your ear and the idea is everybody tries to attract foreign investment everybody wants more foreign investment to come to their country whether you're developing country a developed country or forty if the question is how do you do that which are the elements that are being seen by investors so. the question is how do you focus on those. and how do you make sure is it the skills is it the workforce is it the rule

of law is it going to be a case of refocusing on different countries and different economies leaving the u.s. out of the equation for example well you can never leave the u.s. out of the equation about anything they're the largest economy in the world and they're going to continue to be the largest economy in the world for a long time the only question is this is a moment when we should reinforce multilateralism. why because globalization did not benefit everybody in the same way and therefore dollars are being cost about globalization itself and multilateralism how do you deal with trade if not multilaterally how do you deal with investment flows across borders by definition if it's not multilaterally how do you deal with things like climate change if not multilaterally how do you let me ask you a should have not module out how to how do you convince trump to deal multilaterally i think we have to continue to put the evidence forth we have to

continue old to put the evidence about what happens when you have unilateral solutions or even bilateral solutions and why it is that you get. a below bar solution. i receive the secretary general that will germany see fit digital trade for used to be the world's biggest trade of its kind with six hundred thousand businesses that's now for an end to just two hundred thousand so officials that meet the date. summary. the digital trade fair c.b. is trying to reinvent itself and this is the most visible sign of that the event in hanover wants to be hipper with more of a funfair vibe than a trade fair and more interesting to startups twenty thirteen was the last time that the taxi enterprise vala copter made an appearance here but now the firm is back and they hope that cib it will make the name better known. it is

a highly relevant fare it's no longer just a computer trade fair like it used to be it's all about digital transformation the whole realm of digital technologies that we've combined in our flying machine. this electric car produced by a. costs just sixteen thousand euros by the end of this year the first customers will be taking delivery the firm's electric micro bus should ease congestion in european city centers from mit twenty nineteen the fourteen will be running on schedule as well as on demand. this mobility solution that we need now as a cloud based service solution is a major theme of c. but because it's not just about mobility. save it is also about out official intelligence and humanoid robots that will assist people in their work. getting up when they're down that's something these robots are worked out how to do. maybe

save it will also manage to get back on its feet. here of today right now here's a look at the markets by. going to. the a.

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return to. visiting friends i don't think i'd ever go back there to live you know when i lived there again i don't know so i'm not sure. witness global news that matters. made some minds. hi and welcome to a keno favorite edition on international stars from germany now it used to be when a german actor went to hollywood they had to make do playing the third nazi from the right but no longer german formers now are making a big without resorting to tired stereotypes on today's show we're looking at seven international stars from germany.