history is north korea's kim jong un and u.s. president donald trump makes 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 deal 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 state 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 sixteen 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 stray bullets miniscule an almost all of it is with china. this is the view into north korea from the chinese border city of don dong here interest in the events that led to the extraordinary meeting of the north korean leader and the us president has been huge for many locals it was about business as much as politics. where. if the meeting between trump and kim is successful it will be great for us people

and dong 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 for their 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 it will raise rates three or four times. says goes straight c.n. score to you standing by for us in new york games 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 term increase and for certain

the big question is will we see further increases this year and other one maybe two or maybe none and the problem is even the federal reserve through 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 i 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 quarter thank you well

a federal judge has ruled they can buy time warner for eighty five billion dollars the decision came off 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 it 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 within a. i.m.f. chief christina 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 that's and the group did this to 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 turbulent 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 we 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 doing better because it's not because of the last great tension you know it's because we have many many years because of the crisis because we 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 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 investment 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 the water 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 get your outlooks you can give your warnings you know we also give policy recombination says 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 the country whether you're developing country a developed country or if the question is how do you do that which of the elements

that are being seen by investors so. the question is how do you focus on those. 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 question 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 doubts are being cast 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 of 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 all 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. and the cd 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 this is his that's now for lent to just two hundred thousand so if issues that need to 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 volatile up to made an appearance here but now the firm is

back and they hope that c bit will make the name better known. as 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. 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 eight twenty nineteen to fourteen cedars will be running on schedule as well as on demand. this mobility solution that we need now as a cloud based service aleutian 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 well.

above. me who you think is going to be bullshit. all the matches all the scores two thousand a. car starts june fourteenth on t.w. news. we make up oh but we watch as oaks that under such a we all the some of the surface of. the want to shape the continents future. morning and join african youngsters testing share their stories their dreams and their challenges. the seventy seven percent to keep the peace platform africa charge. time for an upgrade.

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