china makes its move announcing retaliatory tariffs on sixty billion dollars worth of u.s. good washington says it's not backing down and says it's close to reaching trade deals with the e.u. and mexico to present a united front against beijing. and the space race powered by the private sector amazon's jeff bezos goes up against tesla's eagle mask will be first for liftoff. this is your business update on how men are free in berlin glad you could join me donald trump's top economic adviser says the united states and china have been holding high level trade talks for the two sides of creative found little common ground larry kudlow describes china's threat to impose another sixty billion dollars worth of tariffs on the u.s. is weak and said the world's second biggest economy was quote in trouble the trumpet ministration continues to accuse china of stealing intellectual property

and not playing by trade rules china as it is' those allegations and says u.s. protectionism is a threat to global trade. let's get more on this now with our financial correspondent sophie new york sophie clearly the latest ratcheting up of trade tensions between the u.s. and china there how's that playing out on wall street. well the investors here have tend to downplay concerns about these trade conflicts for the longest time and have been focusing on fundamentals and earnings but when we look at the charts out the dollar jones for example and other indices we can see subtle signs of declining optimism was freed last a few points on per se on friday it did look a little better again but it has gone all over that investors don't pay attention to terror threats at all the back and forth between china and the you as has turned

into a downward spiral with neither of the two sides giving in so wall street is asking where is this going to end will trump be able to turn all of this into a win win situation or at least into america wins a situation all with china think he's taking it too far and retaliate even harder once american companies begin to suffer from protectionism and retaliation wall street cannot longer ignore the possibility of trans trade policy harming the kompany they are invested in in the long term at least but then again there are a lot of his directions at the moment like earnings like the new market cap record from apple and so the s. and p. five hundred and that out rolls on friday so if you ask you for us in new york thanks for that safety. is it ten years old and the home sharing website has disrupted the travel industry like no other turning ten tenants in the hotel but

resistance is growing in many places including in the german city of new neck which is threatening to find the company for shaking things up a step too far. has the highest rents in all of germany it's also a major tourist destination some residents here and good returns of the air b.n. b. apartments as these officials in the local authority know only too well munich homeowners and tenants need a permit to rent out their apartments for more than eight weeks a year. the investigators suspect a tenant here of illegally renting out properties all year round. suddenly from going up front so those if somebody said started in twenty seventeen with this apartment he was a kind of big player few rented lots of flags and then saw that and then we'll be in be. on the biggest for metered the investigators pay a visit to the apartment and speak to vacationers to gather evidence. their landlord will receive a hefty fine potentially up to five hundred thousand euros in music.

from it all you can rent the place per day four hundred to two hundred fifty euros or if you do the math on the monthly rent is covert after just ten days of. finance york and after that you start making a profit with a park but given. the idea behind air b.n. b. is that tourists like to feel at home. since its founding the company has grown from one hundred thousand registered listings to four and a half million air b.n. b. rents out more rooms in munich than the five largest hotel chains combined. you know how merc in northern germany some landlords have even kicked out long term tenants so that they can profit from the air b.n. b. boom when you could think about suspected that's what's happened to her. she lived in her apartment for thirty three years she raised the children there and knew all her neighbors then she got an addiction notice the none of the claims you needed

the flat for his own use. that night when i didn't pick someone suggested i take a look at albion b. and from what they suspected it was being offered on their website. for me to get this is the out on have him be part of her kitchen are still in the apartment it now costs fifty nine years phnom and that's eight hundred a month more than four times the original rent money going to be able now is to pay much higher rent elsewhere and is suing their b. and b. for tourists a cheap option behold days around the world but for residents looking for rentals it's a potential nightmare. amazon founder jeff bezos could be falling behind in the private sector space writes there are signs that his firm's heavy rockets at the lift off and twenty twenty may live behind schedule his company blue origin faces stiff competition from none other than eagle musk and his face xx. in just

a month ago amazon founder jeff bezos is rocket company successfully pulled off its most important test to date. but reports are now saying the twenty twenty liftoff date may be moved back engineers are still finalizing details on the heavy launch rocket bases as frequently stressed that the timing depends on perfecting the vehicle safety. and side stand on this vehicle is going to carry humans we're going to make it is save his we can make it we're going to test it we're not going to take any sort cuts so we'll put humans on this vehicle when we're ready and not a second sooner the reusable launch vehicle will be used to transport satellites it will also take tourists into space and bring them back to earth again. you know imagine how alan shepard must have felt.

all those years ago must've been pretty cool space travel has come a long way since astronaut alan shepard's historic journey in one thousand nine hundred sixty one now basis wants to expand the company by doubling its workforce over the next two or three years to around three thousand employees or is that sort . as germany spain has the transaction transition to green energy it's encouraging others to do the same and with plenty of sun and wind africa is one place you think when you have bills which make a lot of sense but a report from the of the group oil change international accuses rich countries of promoting debt energy in africa and prioritizing fossil fuel development that at the expense of clean energy sources it estimates for some sixty percent of aid given to africa's energy sector went into fossil fuels. to an extent because from oil change international he's the director of the stop funding

fossil fuels program that i asked him why shouldn't africa take advantage of the resource if it brazil's as it has including fossil fuels and i think it's really a decision that's in many ways up to african governments and the people that they represent about what the energy future is ought to be on the continent but i think the issue that our report highlights is that we're talking about a lot of international public money so government backed taxpayer money flowing into africa to support energy development and what we're seeing there from this relatively scarce public finance there's not a lot of this money floating around that we needed to do a lot of work we needed to help address sustainability goals we need to help address development goals we're seeing a lot of that finance flow to fossil fuels and a lot of the time what our analysis discovered is that quite a bit of that money supporting fossil fuels are actually supporting the economic interest of the countries providing the money not necessarily focusing on the

development benefits for for people in africa but we should say that your report also points out that forty percent of financing does go to other energy sources not fossil fuels i'm seeing here i mean that's not nothing how is that being used. yeah a lot of that finance is for transmission and distribution expansion so expanding the grid a lot of that sort of the other category is is in large hydro which we don't count as sort of green energy and that's actually you mentioned that the world bank group disputes our estimates that's one of the areas of difference that we have with them we count that as other instead of clean energy because of its social and environmental impacts but there is some finance going to renewable energy as well to solar and wind and our our emphasis is that you know we look at the evidence and the analysis by the international energy agency and we see that if we want to achieve universal access to electricity for the hundreds of millions of people in africa who currently are without electricity it's going to require more investments in renewable energy i mean you mentioned access to the great some places aren't yet

connected to the great so should we be telling countries how to get online what about using fossil fuels as a stopgap. yeah i think it's up to the governments themselves and the people of african countries to make decisions on their energy sources and what kinds of projects they want to invest in but i think that the evidence shows that on a least cost basis if we want to connect the hundreds of millions of people without access to electricity in africa right now to energy services that the most affordable way to do so for most people on the continent is through distributed renewable energy through off grid and many grid approaches i'm rather than through fossil fuels as a stopgap so a lot of the communities that are rural communities that are that are off the grid that are using diesel generators for example right now that's an extremely expensive way to produce energy services and are renewable turnitin as that are becoming more oh by the day alex decus from oil change international thank you. and that's it you're up to date with the latest from the world of business from all

find us on facebook follow us on twitter at the w underscore business on that too at hennessy humphrey's my handle right now here's a look at the global markets company. and. a. lot of.

fun be to. his work goddess for. the mushroom entries which. fall twenty. two fighting for the case to be taken seriously in the world of work here's what's coming up. on. the details for you on a mission to change how to move smart women smart trucks smart street alleging the fears of buying no movement down and bring creasing really dangerous stuff up to make sure. we make up over a week what does all that hand out that you buy we all. the seventy seven percent.

name want to shrink the continent's future. be part of it and join african youngsters as they share their stories their dreams and their challenges. the seventy seven percent of the dummy's platform africa is charging. his creations to fix his brand the mistake of color got that icon of the fashion. look what do we really know about the man feel hunted our cheeks what motivates him how does he think and feel good moments in the life of a great fashion designer. someone smart enough to start september not w.