as u.s. china trade tensions rumble along a shaft of hope as the two sides say they have lined up low level talks for later this month. one is stumble intrapreneur comes up with a novel idea to have safe turkey tumbling in iraq and a question about the border between the us republic of ireland and the u.k. snow and i won't have a larger for the people who live there. are welcome to business news and funny for char here in berlin and wall street surged to news that china and the u.s. will hold no level talks later this month they have been to resolve their escalating trade dispute chinese markets and currency have suffered losses in recent months with investors spooked by washington and beijing says tit for tat tariffs here is more. the chinese economy has lost steam in recent months washington's tariffs have put a damper on investor sentiment since the last trade talks between beijing and washington in may the shanghai composite has declined more than ten percent and the

yuan has been falling to the chinese currency has slumped over the past few months it has fallen more than eight percent against the greenback since last may but the u. once fall has also helped cushion the effect of terrorists by making chinese goods cheaper that is another sore point for washington which has repeatedly called on china to strengthen the yuan and it's also demanding beijing to make concessions to lessen its trade imbalance with the u.s. so while these law level trade talks are welcome news analyst sworn that it may take some time before the two countries come to a truce. all right our financial correspondent standing by for us in new york sufi talk is cheap does anyone expect anything to come out of this. well yes funny talk might be cheap but investors are making money with this talk the market was in a rally mode all thursday because this is

a modest breakthrough that's the phrase i read a lot today and i think it is a good way to put it of course there's nothing hard and beth says could actually evaluate but the wall street is all about emotions and how investors feel about the future and i feel like some are seeing their hopes coming true in a way that strategy of threatening and being tough on trade partners seems to have worked trade partners or trade disputes have been taking a toll on the country's economies not so much on the american economy and this way trump could literally bend their will and now china amongst others has lost some of their leverage and so the u.s. could come out of these talks on top of the situation and then interview only on thursday top economic adviser larry kudlow said talking is better than not talking but the timing of these talks is crucial and investors seem to believe just hit the sweet spot in regards to timing right and then what comes out of the talking of

course now i've been reading that there. are results u.s. consumers in spending mode is that right. yes they absolutely funny and that by the way contributed significantly to the three digit gain off the dow jones as wal-mart was at more than ten percent in intraday trading it seems that wal-mart may see the best price fight against mighty amazon is not lost yet wal-mart saw remarkable growth in the online business forty percent last quarter and they also have a strong guidance so this is an important development for this retailer so if she wants to new york thank you so much for your analysis. that you know a bridge collapse has sparked concerns about the structural integrity of roadway infrastructure everywhere many key bridges and roads in europe are decades old built to outdated standards and carry on much heavier traffic load than when they

were built. it was a road bridge collapse that occurred two years ago in germany and it suggests that a tragedy like the one in general could happen here as well. the roadway ripped like a piece of paper twisted steel suspended in air ruins piled at the foot of the structure it was mid two thousand and sixteen a forty meter stretch of an autobahn bridge collapse near the town of very thick in the southern german state of affairs fortunately warn against complacency and. missiles but we have to be aware that germany is not in a much better position in terms of infrastructure quality because the country has a giant investment gap in this area there's a shortfall of seven to ten billion euros annually in transport infrastructure and that's been the case for years so it's getting worse in germany endorsement. meanwhile tax revenues are pouring into the country like never before meaning the money is there to bring bridges and streets up to standard but many local

administrators have pared down on personnel meeting shortages in planning and expertise you theatres probably many tal you know the question in italy or in germany is it about whether private firms build or maintain infrastructure that can only happen when the state makes it happen in germany we have several hundred bridges that are in disrepair and where the state is responsible but not taking care of it or do you think it's all him because experts say that there's a lack of ability to think far enough in advance and to employ the expertise needed to keep close tabs on ongoing projects. turkey's finance minister bear out of iraq has assured international investors that the country will emerge stronger from its currency crisis insisting its banks are healthy and strong and while there is no denying the perilous position of the euro at least barat can rely on support from some very unusual quarters. as the lira struggles at all time lows many

turks are really in behind president into one's calls to exchange us dollars for local currency one is then bull restauranteur has hit upon his own novel scheme to rescue the lira. the aim is to support the state and support the government therefore we launched a campaign to offer one portion of free fish and bread to anyone who converts one hundred dollars or more to. the restauranteur came up with the idea in partnership with a nearby foreign exchange office and the idea seems to be getting popular support from his turnbull's phish fans. play a little bit of course i support these campaigns to protect our currency i believe that everybody needs to be sensitive to this matter as foreign currency rights have risen these days but today we didn't have any dollars left to convert us to. think it sounds fishy some might say it's simply good publicist he for this popular restaurant the turkish lira hit

a record low this week now forty percent down this year where do ones influence over monetary policy and a bitter dispute with the united states have spooked investors sparking turkey's worst currency crisis in two decades. now in the future you act third on border with northern ireland has become a central problem in the bracks it. companies in ireland are increasingly concerned that so far no solution is inside the free movement of people and goods. the bay of carlingford that separates the british province of northern ireland from the republic of ireland in the south a ferry service began recently. about three thousand passengers take the daily sea route between the irish republic and the british territory. the tourists enjoy the landscape. but for commuters it represents a convenient shortcut. we used to ferry here to go to work in this i thought it

would say with an eleven and ought not to have to trade west managed to achieve success maybe forty five minutes kind of brings in a lot of tourism into the north side and down the coast along the sea the shoreline from here so it's it's very very high on the yes. it took more than ten years for the ferry company to overcome all the pure credit hurdles and finally start. now the private operator is worried about brakes it. right now there are no border controls between the two neighbors but nobody knows if it will stay that way. there's been a vast improvements in business a vast increase talks at a local restaurants the butchers the hospitality providers the supermarkets all of them are seeing an increase in economic activity and the introduction of any level of hard infrastructure to borders would be completely contrary. be quite ironic in

actual fact. people in the coastal town of carlingford are also worried during the bloody period of troubles in northern ireland between the late one nine hundred sixty s. and nine hundred ninety eight few tourists dared to enter the border region. now the place is a popular travel destination tourism has since become the most important source of income there. have a hard border was to come in and might scare them off or they might want to come this far because of troubles in the past but we're seeing a lot more than coming this far crossing the border like the giant's causeway and became a trauma massive at the minute obviously with the with the series in america so if a hard border was coming it would be detrimental to the tourism business people in the border town of kill kill in northern ireland are also benefiting from the growing tourism. sam hamilton runs a hotel here. she's following the bridge negotiations very closely.

custom controls would directly affect his business. most of the company's every by far our best and the best in the south you know. wholesalers are best in the us i think they helped out which we did well so you know. it's the uncertainty that the ferry operator fears the most no one really knows what will happen next year it was for most irish just over two years ago it was inconceivable that their island would ever be divided again thank you. thank you very much for your company but. i highly recommend the media keeps you check them out and kind of thank you very much for the call which. can.

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