global business leaders begin reassessing their ties to saudi arabia stoking pressure on the gulf kingdom to explain what happened to missing journalists but. 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. they say is your business update on how to humphrey in berlin glad you could join me some high profile business leaders are reviewing toys with saudi arabia over missing journalist. the head of pulled out of an investor conference in the saudi capital riyadh 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 major u.s. defense contract is had expressed concern to the trumpet ministration that no make his would block further on deals with saudi arabia over the missing journalist donald trump had this to say in a one hundred ten billion dollars on 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 for us 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 of julio phone 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 and saudi arabia but that is mostly symbolic because there are the big question is what will happen to investment and we've already seen the 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 stay 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 chafey 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. you know 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 mention 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 with trading right problems there with 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 you know is a little blame or something bigger we have to leave it a financial correspondent thank you very much. well this could he help 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. feel the inertia spoke with the head of germany central bank at the international monetary fund and the world bank meeting in bali yen 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 a literal 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 would you still uphold that this surplus is made 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 balances are 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 which is packed so what and thank you very much for talking to w. thank you very 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 you know spent 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. how 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

a could be the beginning of an anti fashion revolution. a business shirt or maybe of 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 noir in hocking 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 a used clothing. now i'm not closed but maybe other things. well i just care some disease i didn't know they did some chemical cleaning well i have a. biggest i want my clothes like new. york

i've never tried it and i'm not. the yuba brand just still in new until recently the company traded exclusively used c.d.'s d.v.d.'s and books but aren't they actually face 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 leipzig berlin and in coal and consumers are happy to get rid of their used things or buy other used items cheaply trend researcher page of amman is convinced that the secondhand clothing business has a great feature. 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 vintage and possibilities to make styles and of course it's the economic aspect of getting things as cheaply as possible. because the price for 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 from 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 direct route between 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 menorahs the record breaking breach in two thousand

and four but council that later due to rising oil prices the fuel efficient a three fifty nine hundred makes the route financially viable again. that's it europe's a late show the world of business have a great weekend. moved . to a. touch of the be. cut.

from the flop. and list all consuming conflict forceable from our current. thirty years turned out of europe to a battlefield. candidates failed to determine its outcome. in negotiations lasting many years mediators succeeded in each and every moment was it was the birth of modern diplomacy above sixteen forty eight. starts october twenty fourth one g.w. . cause i'm certain it was also in the subsequent. german streets on t.w. . how's your view of the world. where i come from

the dole is that the cutest go it's just like with chinese foods that's measure of where i am it's always reminds me of code after decades of living in germany chinese food is one of the things i've missed the most but that taking a step back i see states i need to differentiate knowledge many of fluids personally go nations that exist to other part of the world and haven't been implemented in china that's not to china it's people wondering if they're going to say that but if people have a ride to learn to read it is this is their job a job none of them how i see it and that's why my job because i tried to do it except to this day my name of the name too and i work at g.w. .