getting. ready to strike back if washington goes ahead with another round of tariffs on chinese goods china will retaliate and farmers in the united states could be hit hard also on the program a luxury fashion brand will stop using fur and no longer destroy items it cannot sell and a reclear and rising costs are putting pressure on turkish publishers which are adapting quickly to say if. this is the business i'm crystal kober welcome this time it's a twenty five percent levy on two hundred billion dollars worth of goods the united states is poised to move ahead with another round of tariffs on chinese imports it would be the latest measure in a dispute that is hitting businesses around the world including american farmers

many of which voted for president trump now u.s. meat corn oranges and cotton are all facing chinese counter-terror. last summer the barger family farm in virginia faced a bright future thanks to china wholesalers there wanted to buy its beef in huge quantities that's what they told farmers cents on barger when he went on a business trip sponsored by the u.s. government to beijing. potential buyers they were they were very excited they wanted to be frightening and they wanted to go ahead and sign a contract they wanted to make a deal that day but that all changed when china imposed retaliatory tariffs on american products over the summer after the u.s. imposed its tariffs china imposed thirty seven percent import duties on beef and at such high prices the chinese prefer to buy elsewhere like in canada the farmers there are the winners of the u.s. is trade disputes and it's not just china european companies are also increasingly

buying meat grain and other i recall cheryl products here the reason is simple. the terrorists that you're placed on u.s. corn twenty five percent tariffs that would be the main driver that would then make u.s. corn more expensive thank you nate in forests your family has passed down its farm from one generation to the next but now it's under threat from those tariffs. and to think that it could come to an end and. the fact that it would end at the fifth generation it's hard to swallow sometimes for the family now hopes that the u.s. government can come to an agreement on tariffs with its trading partners as quickly as possible. cripple currencies have been falling sharply for the second day in a row bitcoin dropped nearly ten percent extending its slump and dragging down

rival cryptocurrency bitcoin accounts for more than half of the digital currency market several financial firms have pulled back from crypto currency you can see here in part due to concerns about government efforts to step up oversight of the sector. now for more let's bring in our man on wall street jen scored against cryptocurrency all nosediving give us some more background on what's going on. you know well one of the main reasons for this current crisis of cryptocurrency it comes from goldman sachs and the u.s. bank actually decided to drop plans to start trading desk on currencies and vent really got those coins going south just within twenty four hours or so within two trading sessions so to speak were down by about twelve percent and. another cryptocurrency got hit even harder by about twenty

percent just within twenty four hours so there were times when many said cryptocurrency is where the next big thing and financed are they still saying that well the hype has already vanished quite a bit different look back pretty much a year ago for example stood at about four thousand dollars apiece and then they went almost up to twenty thousand by christmas and then the hype started to fade and now we are good six thousand dollars so the hype is to a certain degree over but that does not mean necessarily the and to cryptocurrency some of the big changes here in the united states are also working and trying out ways how to deal with crypto currency and so it's not the and but certainly the hype is has vanished quite a bit in the past couple of months already but corn and other currencies under pressure has quarter importing from wall street against thank you. version always

is reporting a data breach of personal details on three hundred and eighty thousand payment carts personal and financial details of customers who booked flights between august twenty first and september fifth were stolen the data breach affected customers making bookings on the company website as well as on the mobile app british airways says travel and passport details were not taken the airline advises anyone who believes they may be affected to contact their bank or payment card provider and that it will settle claims on an individual basis. and staying with the aviation sector more than four billion airline passengers worldwide took to the skies in twenty seventeen that's a new record according to the international air transport association a trade group for airlines carriers offering more flights to more destinations and a growing number of people can't afford the asia post of the strongest growth but

it was also high in europe despite the bankruptcy of several carrier. britain's burberry fashion house says it will stop the controversial practice of burning millions of dollars worth of overstock products to preserve its high prices and up market image the move could signal a growing awareness of social responsibility and other ethical issues in the luxury products industry burberry also says it is phasing out real fur from its product range that has been long a demand of animal rights activists and she. certainly is responding to years of unflattering protests on the part of activists who condemn its use of animal for years but the fashion industry is also in the doghouse for a host of environmental and ethical issues particularly the practice of destroy the old stock burbery can hardly afford to spend afford. luxury addresses for shops and

sumptuous interiors if its products end up in the bargain bin on the other side of town last year it destroyed over thirty million dollars worth of unsold goods but many were shocked. i think these fashion brands these lifestyle brands they know the consumer tastes are changing and the sharing of ostentatious wealth may still be a factor in people buying these goods but they still want a green backing to what they are doing they want to make sure that this wealth is not showing off at all costs. burbery says it now sees the sense to this and pledges to reuse recycle or donate all products in the future. the company is now following to be ethical footsteps of other brands such as first saatchi gucci and stella mccartney suggesting to many that the fashion industry is truly turning a corner. the world's largest wind farm opened thursday off the coast of north

western england the wall makes tension eighty seven the wind turbines to an existing wind farm creating enough power electric electricity to power six hundred thousand homes projects by danish from our state it is located twenty kilometers off the coast britain's moron's largest offshore wind market. now a trade dispute with the united states has been undercutting an already weakened turkish lira which means everyday items are more expensive in turkey last month prices rose by almost eighteen percent is the highest inflation in more than fifteen years so turks are forced to pay more for everything from groceries to gas to electricity also for the magazines they wait publishers are barely getting by. le monde is one of turkey's oldest satirical magazines and it's got

a problem it's been shrinking not its staff but the size of the paper itself. most paper stock is imported to turkey the lear is down seventy two percent against the dollar in the last six months making it much more expensive publishers are forced to cut back. last week it was a quarter of its normal size this week it went back up to a half uncertainty now hangs over the publication. this industry is dependent upon imports these costs are excruciating besides even if you can't come up with the money paper suppliers are not eager to take the papers out of their storage because it's not clear what the price will be in two hours when the. readers have more urgent needs meanwhile and even those are often out of reach. we used to buy eggs for ten turkish lira now at sixteen i can't make eggs i can't afford eggs for breakfast. future doesn't look bright and uses.

i think we already passed that threshold of being shut down to i believe that lamont is turkey's longest lives the terrible magazine but for the future we don't have a projection to. usually go to the most it is. no laughing matter for a funny magazine. starbucks has become a common sight around the world over the last thirty years but it hasn't ventured into the motherland of espresso and cup which you know until now that is the us coffee chain has just opened its first outlet in italy store melanne is aimed at an upscale market starbucks is betting that premium coffees will win over customers in the country or in the press so as a quick and inexpensive daily routine it comes as starbucks plans to close one hundred fifty u.s. branches in the coming year because of a slowing market there. and that wraps up our show if you want more do check out

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