it's a clash of cultures in india. a clash between those who believe in the range of marriage those who want to marry for love. a

kludge that's taking families and society to the cool. my father will be angry sometimes i think i'm a wait and see and. commandoes starts johnny d. w. . the. chaos in medicals coalition financial markets investors wait to find out where the job he's interior minister resigned in a showdown over migration. of metals but make the job loss in its. tata steel confirmed a european tie up in c.e.o. also coming up trade war and disappointing economic done in about the market sell off trumps next tariffs the city china this week. i'm invisible and that's your

business a global trade war and a political crisis in europe's biggest economy a lot to digest for investors this monday economists are concerned if germany's fragile coalition collapses little business here and right across the continent the government's fate is hanging by a thread over an elusive migrant deal interior minister jose hope for threatening to resign is a variant conservatives pushing for a showdown talks in the next couple hours a strong administration in berlin is vital in a goshi ating trade disputes with the united states and china experts fear the political wrangling will bogged down the development of important factors for germany's economic future like its high speed digital infrastructure let's see how the prolonged german government crisis is affecting markets cannot booze in is at the frankfurt stock exchange for us conrad first of all tell me a little bit more about what it bases there are saying how confident are they that

merkel is going to save the day. you know people i talk to remind me how often has managed to manage a crisis so a majority of people here are convinced us till convinced that she will do it again and find some way out there which doesn't mean that people on the trading floors in frankfurt's financial center would take this easy this obviously is about much more than just a dispute within the german cabinet one trader i talked to reminded me of what's going on in london where the government you know in the united kingdom is deeply divided and obviously quite dysfunctional when it comes to questions how to handle the future or will they go national or will they go the multilateral way will they continue to find solutions with their partners this is what's at stake and this is

this discussion is making investors very nervous and briefly the timing couldn't be worse i mean we've got a trade war on our hands and also the wars against globalization that continue to grow as far as the free movement of labor and goods. absolutely and all this is very important especially for our economy here in germany which is one of the most interconnected in europe in the very rare common statement the four major business organizations here in germany have kept come out with a call to the government for unity and for more european solutions explicitly the business organizations are warning against a renationalization of politics rebels and for us in frankfurt taking on a flood of cheap chinese steel a prospective new metals giant is trying to correct the imbalance in world markets germany's didn't cope and india's turn to merging their european still making

operations regulatory approvals still to come along with job cuts. the joint venture comes in response to the problem of overcapacity on the global steel market as the new firm which will be known as to some crap tata steel will become europe's second night just steelmaking or. if this is really the key issue to move successfully for the. global existed visited had also cost tremendous additional imports into europe imports into your about an all time high level which if decently increased the price pressure on that material. to tie up is expected to result in about four thousand job cuts and savings of hundreds of millions of euros each year the marriage family employs some forty eight thousand workers in countries including germany the netherlands and the u.k. and it's expected to generate an annual revenue of around fifteen billion euros.

after the press conference my colleague helen humphrey had a chance to speak directly with chief executive. is what he had to say we have a structure overcapacity first seen in europe and as a consequence of all of that the utilization rates for all the steel companies are not high enough to really chinoy the attractive returns going forward and for our employees they were forced into restructuring programs each and every three to four years so we finally want to address that issue so we had four elements in mind one is the industrial logic take over capacity and solve that problem secondly generate significant value for our shareholders which is given by the four to five hundred million synergies but also good for a more reliable a more promising future for the majority of our employees and the fact that we remain a fifty percent owner is also good for all culture so it's going to stay noble peg

it's going forward by another name that is the problem not china and overcapacity of steel. i think we have a global excess capacity but one is clear we cannot solve the issue of china with the european merger but we can also not only let's say put the finger on china if we are not ready to do our homework so the civi is really addressing the structural overcapacity problem in europe the chinese problem need to be solved in china as you point out there are manifold problems facing the european steel market at the moment one of them is the terrorists the united states slapped on european steel how is this affecting your business. i think we have to distinct between the direct impact and the in direct the direct is the volume which we are delivering into us luckily in our case it's only three to four

percent of our sales so we don't like it we can manage it i think be it but also the other europeans to the companies are more concerned about the indirect risk if all the volume which is not anymore allowed to go into u.s. might be redirected into the european market we have already an all time high of imports into europe if this will you good come in addition then hopefully the european trade commission would find appropriate measures to protect our industry here so the in direct risk is higher for us than the direct one the trade war and disappointing economic data weighed heavily on asian stocks today china's manufacturing activity is slowing and japan's corporate outlook has worsened its economy relies on exports to trade tensions with everyone on edge plus u.s. president donald trump's next elbow comes friday the chinese a scrambling. china has cut import tariffs on some fifteen hundred consumer goods

including automobiles from the beginning of july aiming to further open the economy and meet growing demand this announcement comes just days before u.s. tariffs on up to fifty billion dollars of chinese products due to take effect china says if the usa goes through with that it will retaliate with import duties on thirty four billion dollars worth of american goods. and as the dispute between washington and beijing escalates american products face another threat trump's trade war is pushing chinese consumers away from previously desirable u.s. brands and towards local chinese brands. now. if there's trade conflict between china and the u.s. and it affects the national interests certainly we will boycott some foreign brands and ask friends and family to safeguard our nation's interests. u.s.

president donald trump is also looking to put in place measures to protect u.s. innovation and intellectual property but last week he backed down from imposing measures that would have restricted chinese investment in u.s. companies in order to protect u.s. technology trump told fox news on sunday he did not want to focus pacifically on china the european union is possibly as bad as china just smaller ok it's terrible what they did to us european union take a look at the car situation they send the mercedes in we can send our cars and look what they do to our farmers they don't want to farm products you know in all fairness they have their farmers so they want to protect their farmers but we don't protect ours and they protect here's trump has rejected criticism of his tariffs but his trade dispute is already costing u.s. jobs and american manufacturers including harley-davidson motorcycles are exploring options to go off shore. and joins us now from singapore.

how patriotic ah the chinese will they boycott american products. well that seems to be the general consensus ben a lot of american goods and services face the threat of things like customs delays and other restrictions that the chinese have put across in previous disputes with south korea and japan they could also lower the yuan the chinese currency which will then make the u.s. interest rates higher and therefore american exports more expensive tell me about beijing's strategy as a whole and in this dispute it's been using but toiletry tariffs but not to hotshoe ones and opening the economy to the outside well bit by bit which was already doing anyway but making announcements along those lines to appease washington is that working well i think these actions are more gentle shows than big blow has been and they tend to speak a deeper meaning china's move in strategy has a bit of

a political backbone sieging being has a stronger hold with his government than trump has especially now that trump is facing criticism for his ira tell the treaty tariffs particularly with the pharmacist on top of that the u.s. hires will undoubtedly spread it to the rest of asia which then makes american goods a lot less desirable to the rest of us here ok thanks for the update from singapore our correspondent there and writing on the on going trade war. and i asked him business with a. touch

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told. the real talent decides. to come from their loss of people in fact more than a premium which is a blood loss democracy and that's one reason why i'm passionate about people and aspirations and they can sense. the mission the bush is trying to embody and conquer the form of a man in one hundred. thinking up a time for the sublime in the old conflict with anything can happen if people come together and unite for a full list. but i do the news that often confronted difficult situations for conflicts between does something still i see despite my job to confront him but he does on policies and development to put the spotlight on issues that matter most congo food security precious national niceties seems. a notch has been

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