and best hip hop john run that has historically offered little room for a female megastars. out on the red carpet the night's big winner coming to offered advice about following one's dreams as well as this message to u.s. fans. but very important come out i think. it was a star studded night led by the ladies in spain. and that does it for me ben is up next with your business headlines. they make a commitment. they find solutions. and stronger. africa

on the road. stories for both people to know their friends shaping their nation playing around their continent ok for a guy on the move the stories about motivational change makers taking their destinies into their long slow d.w. multimedia series food for god. d.w. dot com. trying to put on a massive show of economic openness and port trade fair in shanghai full of promises but president xi jinping remains fuzzy on details. and to trade or not to trade that's the question for many multinationals doing business with iran sanctions are in force and they could mean big penalties. i bet for us all and lots

to business a lavish week long important submission in shanghai portrays china as a vision of globalization the chinese economy has long taken full advantage of the global trade system flooding the world market with cheap exports but it imports relatively little. china presents the typical images you'd expect from a modern dictatorship brilliant light spectacles shanghai by night and singing children with flowers the architect behind the event is chinese president xi jinping he's flown in numerous heads of state from all over the world so. in a world of increasing globalization this lure of the jungle approach where the winner takes all will only lead to a debt and inclusiveness cooperation a mutual benefit the only ways forward. u.s.

president donald trump was not at the fair and for the high trade plus he slapped unitive tariffs on around half of chinese imports and is threatening with more china is now making vague promises to open their markets based imports and reduce the surpluses from we're going to china will further lower tariffs improve the level of convenience for customs clearance reduce the institutional costs in the import sector. and it will accelerate the development of new types of business models such as cross border electronic commerce bog. china currently exports around five hundred billion dollars worth of goods to the u.s. every year but tiny imports one hundred sixty five billion dollars. the international exhibitors in shanghai including americans can only hope the employer tax by is more than just propaganda. by tears but here joins us now from

shanghai mathias what's the significance of this exposure with a trade war raging on. well the first thing you notice about this expo is that it's different from other expos it doesn't have a clear focus actually a sector of the economy machinery you have cars your food you have a bit of everything everything that china imports and this is clearly a political expo where these exhibit is there appear to show case china's openness the openness of china's economy as the government wants to see it it is a political export it is a show it wants to promote china as a champion of free trade that's how china sees itself or likes to promote itself it is a bit of a propaganda show these companies doing a good job of showcasing that openness i mean how open is the chinese market becoming. well the complaints of the offer of business is

a foreign business is no and there are lots of restrictions in the chinese market there are sectors that anti only closed for foreign businesses there are rules that hinder foreign businesses to do their own to set up their own companies they have to find a chinese partner in order to do so so that certain things there and there are rules where companies fear that they would have to disclose trade secrets if they enter the chinese markets the list is long china has done a few steps has lifted a few of these restrictions but this isn't in and in a very small scale a few tears have been lowered and a few rules have been. opened a bit but overall china's economy remains under tight control of politics exactly that's what i hear time and again from businesses so what do the foreign companies that are there at the show expect from the show. but this is not really

a business event as some people has have told me it is more an event that they use to promote themselves politically and to improve their political relations their relations with the government most of them told me they would not really expect a lot of business going on this fair the government has made it clear that it expects them to take part or it has told them that it really wishes them to take part in this exhibition and i just want to thank our reporter in shanghai mathias bowing out on that import trade show that the chinese are putting on which sounds like more of a show thank you. more trouble could be brewing for italy it's in a budget standoff with the european commission the eurozone finance ministers discussing the matter at a meeting in brussels in an unprecedented move the commission rejected italy's twenty nineteen budget draft and gave rome just

a couple weeks to revise it but italy's populist prime minister because as repeatedly said there is no plan b. for his fiscal program which is the spending and little long term debt remembering that italy has the biggest mountain of state debt in all of the e.u. . the united states has reimposed more sanctions on iran they talk of the energy financial and shipping sectors and countless companies from other countries currently doing business with iran are affected germany's dima france's hearsay group that makes it one and joke and many others have suspended their activities in iran most european oil companies including the french frontal todd are also winding down over asians iranian oil shipments to europe have borne by fifty percent over the past year the us forms the e.u. to drive down its a reining in oil imports to zero it also wants iran cut off from the international

financial switch system the global cross border payment network the service reporting that it's spending certain iranian banks. brussels made big promises that it would help european companies affected by the same sions we asked. head of the german iranian chamber of commerce in hamburg what support they're actually getting . well it is the real disappointing part and the disappointing news off this day a lot of regions and countries so looking at china looking at russia they managed to get waivers for their major trading productive and they can continue to trade specially oil with iran the e.u. gave a lot of strong political statements they were talking about blocking sanctions they were toy king about a special vehicle for financial transactions we were on and nothing came at least up to today i can tell you none of our member companies has one practical

step forward one practical support from the e.u. work from our ministries in in berlin that you show was practically nothing to support the iran deal let's go over now to our financial correspondent frank conrad burns and to find out more about the monetary effects of this story and the effects on the oil price conrad. yes there was no immediate effect on the oil price today on the contrary the prize for american crude even continued its decline which means that since the beginning of october of the price for crude depending on the type has lost between fifteen and eighteen percent clearly all those waivers that the united states grant nations like iran like india or turkey where you know the u.s. allow those countries to continue to buy iranian oil has had some impact and

something else that's playing into here into this as well at the level that the price for crude is on now between sixty three and seventy three dollars per barrel depending on the type this means that american oil producers can work profitably especially the notorious producers of shale oil they need prices of above fifty dollars a barrel to be profitable and now they can contribute to contribute to the supply which means that of course the oil price is kept more or less in check and it's a massive contribution they make the u.s. now have become the biggest oil exporter in the world what about other companies though conrad european companies caught in the crossfire of these u.s. sanctions on iran. well all sorts of companies of course are facing problems now as the united states consider this sanctions to be extra territorial they think

that their sanctions can also apply to businesses here in germany that maybe have nothing to do with the united states that have no business with the united states but which have business with iran and also you know given that the impact of the u.s. in the financial world on the financial markets is so intense. german companies that continue to do business with iran risk risk to be thrown out of the financial markets completely. banks in the u.s. but also financial institutions here in europe might be saying no we won't do business with you as long as you stay in business with iran that's why it's so important that our governments not only the european union but also in that the national governments come up with hands on solutions and with the less you know lofty political talk and here then see what they do come up with conrad booze in there for us in frankfurt thank you. you've heard of the hyperloop now here's the

first look at the tunnel that makes it possible tech entrepreneur it on moscow is behind the project has tweeted a video after apparently walking the length of a two mile long tunnel that's being dug up the testing next month members of the public will also get to try out the shuttle once the tests are completed the technology is supposed to change how we travel by shooting capsules through a tunnel at nine hundred kilometers an hour. i asked him business if it. was.

much. much. money and. more. mysterious in coal mines. on the shores of the d.n.c. . thousands of them have appeared with more coming every day. israeli researchers have learned to predict the perilous things now they're working

on an early warning system for sinkholes tomorrow today next on w.r. . wolf. you can tell a lot of our society by its garbage from him much just saying. it's wonderful for the rich but for many people it offers their full chance for survival africa is among the most unequal regions in the world. could be lunch for today just like that. our reporters travel to nairobi and more to meet people who know the true value of garbage. it has created a thriving parallel economy that's been completely ignored by the financial markets but what does all this mean for economic inequality around the world you get as

a static class warfare the response to that statement should be yes we are starting to as we walk here because we're. actually disrupt an economy. the rich look the truth an exclusive report starts november seventeenth g.w. . hello and welcome to tomorrow today coming up. small miracles researchers peek inside thirty million year old insect fossils and unlock secrets from the past. big plans for curing genetic diseases and eliminating hunger will genetic scissors really

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