as the u.s. continues to alienate his former trade allies china and europe are forced to run into each other's arms the leaders of china and germany getting together told business. treasury to raid the group at all the hurdles the pooches prize which put europeans americans out to. this global warming causes dog shit i still melts mining shipping on tourism oxen reindeer herders exist. i'm funny for sure and this is your business update. china has the care the self the the fact the details global free trade since gold trump started pushing his america first policies well in the growing

possibility of a trade war between the two countries china is looking for friends elsewhere so of course course academic ties will on the agenda as china's premier met germany's chancellor chance the on monday. a united front against the u.s. at their meeting in berlin german chancellor angela merkel and china's premier league young signaled their commitment to free trade principles cooperation is key the emphasized as both exporting powerhouses stand to lose from a looming trade conflict with the united states let's listen other than in the end everybody is affected if the principle of multilateralism is questioned that is why we need to make our position clear here and ensure access to each other's markets in. america. several german industry leaders including siemens and b.m.w. signed deals worth a total of twenty billion euros with chinese partners an important signal for german companies caught in the midst of the chinese u.s.

conflict. as you know a lot of german companies have froze some see the results in china and in the united states and so we are right in the middle of all of this those companies and what we want snow is that we have don't have a further escalation even with the backing of german business leaders though china is a tricky partner for germany's government chinese investment is increasingly disputed in germany as many german companies complain that beijing office less access to china's market and burn an office to chinese companies in germany. let's get more detail on this and turn over to our financial correspondent score to in new york to his walk on yes china and then you ask again julie with terrorists last friday at dawn what's been the response on wall street so far. well not what you would have expected wall street is gaining quite

a bit just on monday of which ships were up by about three hundred twenty points so well first of all those tariffs that kicked in on friday did not come by surprise and then also if you look at adrenaline civilly in comparison to the total size of the u.s. economy of their relatively small sort of resource on wall street here are looking for other reasons to buy or sell shares and this week earnings season will actually start by the end of the week was the quarterly results of the big a u.s. financial institution and overall analysts expect that earnings of the big u.s. corporations will grow by previous strong twenty percent so this is one reason for the strength of corporate america why investors started to buy shares and then talking about buying shares the companies themselves are buying back their own shares on a record level and that also does support the market at this point all right so some investors saying ignore this entire back and forth of terrorists that surely

again must be someone suffering under all these terrorists or is this all just so much posturing. well might be suffering are chinese people who like to buy a tesla vehicle because of the terror of kicking in on friday tesla actually decided to increase the price for test our cars in china by about twenty percent so if you want to buy a model x. for example it does not cost a good hundred seventeen thousand dollars but one hundred forty thousand dollars in china china off there behind the us is the second biggest market for tesla and tesla likes to build cars in china but that takes time so far every single car being sold every single test like are being sold in china is produced in the united states and get kids by the terrorists but interestingly enough the stock of tesla was up by about three percent in the monday session investors obviously have the

opinion that if you can pay one hundred twenty thousand dollars then you can also pay one hundred forty thousand dollars for a vehicle indeed can't call it a thank you very much. british foreign minister boris johnson's resignation over the u.k.'s brax of approach not the pound down one half a percentage point against the euro european stock market reaction have a remained muted british. while comforting just a friendly plans for breakfast it may had all lined last week the prospect of a soft drags it could be u.k. maintaining close trading ties to the e.u. seem to meet the demands for more clarity from businesses among them. but those plans seeking to inflict minimal economic damage can stay on the table is very much up in the air again. trump wants europe to buy more american made cars and that's why he wants to ten percent terrorists for importing passenger vehicles into the european union to be scrapped that if thing is dropping the

purchase price alone is probably most you know to get europeans buying there are a whole lot of hidden rules before you can get yourself in the driving seat of an american car. these cars have just arrived from the u.s. but before they can clear customs and bring up and their brake fluid needs to be removed it's considered toxic waste in the e.u. taking the liquid out costs two hundred euros per car and it's not the only expense when importing u.s. vehicles. as it once you've got the maritime transport with all its cost packing unpacking handling customs clearance then you have a ten percent levy on the purchase price and the maritime transport and then nineteen percent value added tax on that total price plus the retrofitting. friedrich count often lived in the u.s. for years and has close connections to car dealers his company doesn't only handle new cars but also classic models for enthusiastic if the paperwork is ok importing

them is no problem. some years we have forty percent new cars sometimes sixty percent the rest is from ex-pats or used cars. the small firm imports about one thousand cars per year the vehicles have to be retrofitted to comply with the regulations so they can pass technical inspection. to us cars often lack fond lamps and separate yellow turn lights moreover there can be no yellow blue or red lights in the front of the car. and i think these stripes still had yellow lights this morning i had to take them out it's not allowed in germany parking lights always have to be white. the retrofit can be tricky the company even developed its own switching relay to make american and european technology more compatible most u.s. carmakers don't have the european market in mind in germany the best selling

american car is the ford mustang which is still a nice product. orders for today a german car with a v eight motor costs at least one hundred thousand euros my guess is that the v. eight ford mustang costs about forty five thousand euros that's a huge difference. and believes neither the one thousand euro retrofit nor the ten percent duty really prevent customers from buying american cars the vehicles simply don't cater to european tastes. alright and no we're headed for the arctic circle they are industries like mining shipping and tourism are seeing a huge boom as the ice there recedes the race towards new profit opportunities as inevitable downsize of all it's affecting traditional livelihoods for the region's inhabitants it jane is something reindeer heard us fighting to keep their way of life. reindeer heard her kneels mouth to sorrow it is preparing to move his animals

in parts of norway and sweden only the indigenous sami people can herd reindeer under livelihood protection laws but sarah fears that some day not even they will be able to climate changes altering the landscape of the region providing opportunities to extract minerals like copper up land mine has put the sami at loggerheads with local government and big businesses. if the mine is up and running it will be the end one just has to admit it and give up. the mine also takes up a lot of space and is right in the middle of the calving section of our district currently there are some reindeer there with calves and most are so lose a carving area we may as well give up immediately slaughter the reindeer and stop reindeer herding. the herders say large scale mining could damage pastoral grounds and crighton the reindeer but local government officials say the plan no sir coppermine could bring in hundreds of jobs and boost local finances. well i

understand the reindeer herders concerns i really do but one should look at a holistic plan for business development i realize reindeer herding has its challenges and its predictability that's logical so i think it's important that we take this debate at a national level about the usage of land. toward. the debate has gone on for six years the nursery mind has been stuck in limbo but the fight is set to come to a head the pro-business government is set to make a ruling on the coppermine this year. and environmental groups as chinese factories are illegally using chemicals to deplete the ozone layer environmental investigation agency size eighteen factories have admitted to using background chlorofluorocarbons china is booming china is booming construction sector is under pressure to increase environmental standards so they've been using more and more insulation on buildings but the agency says they've been using the chemicals to

save money and actually doing great as average for the environment no c.f.c.'s fair value internationally thirty years ago as they destroy the ozone in the offer atmosphere that absorbs all four of you let's nation from the sun. and that's your business rob thanks for watching.

climate change. waste. pollution. isn't it time for good. for good people and projects that are changing the environment for the better so. we can win. the w. wouldn't it fighting for the case to be taken seriously in the world of what appears was coming up. on. the details superhero is on a mission to chap two sons smart women spots smart talks smart station a legend isn't by no means missed out on more increasingly dangerous stuff. to make

somebody. great yourself with w.'s interior design channel on. every journey begins with the first step and every language with the first word published in the. eco is in germany to learn german why not learn with him simple online on your mobile and free cell phone d w z learning course nikos fake german made easy. it's all happening good job of getting. your link to news from africa the world your links to exceptional stories and discussions can you and will come see the suffocating program tonight from fun to meet from the news it's easy to out with say demi to smash africa join us on facebook at t.w. africa.