global business leaders begin reassessing their ties to saudi arabia stoking pressure on the gulf kingdom to explain what happened to missing journalists. also coming up mixed emotions on global financial markets turbulence made its way back onto the trading floor this week the dow managed to bounce back a little bit still closes down around four percent for the week. basis is your business update on how to humphrey in berlin glad you could join me some high profile business leaders are reviewing ties with saudi arabia over missing journalist. the head of the biz pulled out of an investor conference in the saudi capital ria this month and british billionaire richard branson says he's suspending two directorships linked to tourism projects in saudi arabia he's also putting talks to invest in the saudi space program on hold. well a senior u.s. official has told reuters that made

a us defense contract as had expressed concern to the trump administration that no make his would block further on deals with saudi arabia over the missing journalist donald trump had this to say and the one hundred ten billion dollars our military equipment there are things that create jobs like jobs and others for this country i don't like the concept of stopping an investment of one hundred ten billion dollars into the united states. because you know what they're going to do they're going to take that money and spend it or russia or china or someplace else so i think there are other ways if it turns out to be as bad as it might be there are certainly other ways of handling the situation but i will tell you up front right or is this gives you a financial correspondent now yens quarter on a wall street yen strong says one thing but already some big names in business say that they all reviewing ties can we expect further economic fallout over this case

. you know what we heard is a couple actually of companies also some media outlets like c.n.n. for example but also the president of the world bank decided not to attend this conference in saudi arabia but that is mostly a symbolic step or the big question is what will happen to investments and we've already seen it last year that foreign direct investment into saudia arabia plunged to quite a bit and we see the same pattern so far this year a couple of u.s. businessmen decided to pull out of a mess of five hundred billion dollars project in saudi arabia where they're trying to build futuristic cities so there are some signs that this actually does have real economic consequences all right thanks for that yes do you say with us because i want to get your take on a rough few days on of the markets let's first update of you as though in wall

street stocks jumps in early trading on friday recovering some losses from a two day slide a few minutes into the session the dow was up one percent on the final day of a well a volatile week the gains followed powerful earnings reports by leading banks j.p. morgan chase wells fargo and citibank they reported higher profits and said the u.s. economy is strong but echoed comments by the country's treasury secretary he said fundamentals are strong and called this week's losses a natural correction in a high market. so back over say yes then yes a natural correction or something more concerning and what traders reckon and how is the day wrapped up. there what we still do see is a pretty solid and pretty healthy u.s. economy so it is possible that this might just be a correction in an overall still ongoing a bull market but there are some signs that things could change in the future you

mentioned that some of the big u.s. banks came out with their earnings reports on friday j.p. morgan for example being one of them but the stocks wall was among the bigger lou there's the head of j.p. morgan ok me die and he was jamie dimon he was pretty cautious looking at the future with higher interest rates was trading right problems there was higher tariffs and so on and so forth so yes all there are still some warning signs so i guess we still have to wait and see if this whole right has a little blame or something bigger we have to leave it a financial correspondent thank you very much. well this could he sell the trade war figures show that china's trade surplus with the u.s. has hit a record high now despite washington introducing tariffs on two hundred billion dollars worth of chinese goods in september china exports thirty four billion dollars more goods to the u.s. than it imported financial experts warn of global economic turmoil. and

the w.c.l. the inertia spoke with the head of germany central bank at the international monetary fund and the world bank meeting in bali five minutes says the resulting trade disputes would be easier if the wall trade organization were a forward. it's key to strengthen the multilateral trade mechanism and that's the w t o but we all agree. that there are issues that have to be addressed one would be for instance the protection of intellectual property rights but also addressing overcapacity is in some sectors especially the steel sectors have to be discussed but again it's key to rely on this much electoral move based mechanisms and not to resort to bilateralism and on trump's eyes the major bone of contention remains germany's large trade surplus which you still uphold that this

surplus is mainly due to energy prices foreign exchange rates and the quality of german products as you have argued before so is there no need for germany to move at all this is a bit of a simplification of my position of course i mean the point i've made before was that it's key to look whether the trade balance is a result of trade distortions of market distortions or not and in the case of germany i don't see these distortions basically the current account is the result of numerous millions of individual decisions especially of course the investment saving balance and then there's a discussion to be to be helt i mean the question is how can we strengthen investment in germany on market based on the market mechanisms and of course public infrastructure also plays a role in this context and this is currently discussed within the government and

there are also decisions taken of the suspect so and thank you very much for talking to w three much. a declaration of war that's what the european cockpit association is calling ryan has moved to close to bases the dutch city of eindhoven and they've been a germany where low cost carriers cites rising costs little say reduced capacity and a second german facility in need of on you know it's meant could worsen relations with pilots willing to relocate the irish carry is hoping to strike deals with the unions in the coming months to end strikes. while the global fashion industry is scrambling to respond to accusations of wastefulness and unsustainability and here in germany one company is growing fast by offering second hand clothes online trend research as say could be the beginning of an anti fashion revolution. a business shirt or maybe a light jacket what these items have in common is that they're both being sold

secondhand. online retailer moments as one of its locations in the town of noyon haagen near berlin the company's buying garments for its new yuba brand you won't find cheap castoffs here nor will you find high priced designer clothing these are the classic brands they're photographed stored and quickly resold moma says hoping that more and more people want to buy used clothing. now i'm not close but maybe other things. well i do scare some disease i didn't know they did some chemical cleaning well i never. biggest i want my coast like new. york i've never tried it and i'm not. on. the yuba brand just still new until recently the company traded exclusively

used c.d.'s d.v.d.'s and books but aren't they actually phase out items in times of streaming services and video on demand. every day several thousand customers buy things like c.d.'s from us right now and the great thing is that this kind of business is growing every year we're not shrinking at all we're growing besides million haagen moment says locations in leipsic berlin and in poland consumers are happy to get rid of their used things or by other use that instantly trend researcher page of a man is convinced that the secondhand clothing business has a great future. i think people are rethinking secondhand clothing today's culture promotes it it's the sharing idea you don't have to buy everything new it's the fashionable idea of vintage and possibilities to make styles and of course it's the economic aspect of getting things as cheaply

as possible. and if you're surprised with the second hand is expanding out of its niche market and becoming socially acceptable. swedish furniture group ikea is currently testing the repurchase of its furniture in individual stores if you no longer want your old furniture you can return it and get a voucher for other products. the returns are then resold with special labeling ikea hasn't determined yet whether it will actually widen its strategy to germany. and singapore airlines has revived its directory between its singapore new jersey the world's longest direct commercial flight at nineteen i was a return flight in premium economy will set you back fifteen hundred euros business class four thousand the airline the norse the record breaking the breach in two thousand and four but council that late to due to rising oil prices the fuel efficient a three fifty nine hundred makes the route financially viable again.

that's it europe say with the world of business have a great weekend. if

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