looking to modernize its supply of drinking water almost half of which currently goes to waste. care heart has all but more in just about a minute's time you're watching news i'm sorry kelly and berlin don't forget you can get the latest on our web site g w dot com and you can follow me on social media have a great day. when. we have a bit of. where i come from we have to fight for a free press and was born and raised to me telling the thanks or she would just want to be shadow and if you are his favorites when official information as attorneys i have walked off the streets of many cameras and their problems are always the same point to social inequality

a lack of the freedom of the press. go rushing work on the farm just a science when it comes to the fans of the humans and see the microphones who have decided to put their trust in us. my name is johnny carson and work. to do to. us mid-term elections have come troll over to the house of representatives to the democratic party well it now begin influencing trade and economic policy and what does that mean for the trade conflict with china . is helping stall for those thousands of german stock of the beds vaults of germany's faulty data network license go high speed five g.

networks get ready for. this is the w a business. after the u.s. midterm elections investors are bracing for a period of gridlock with neither party likely to be able to enact sweeping legislation economists believe president trump may not be able to cut taxes further but it also means that his current tax cuts can't be rolled back they believe the gridlock in washington will keep a check on some of trump's more disruptive market actions like to try to battle with china some point out that the u.s. economy often performs well when control of congress is split between republicans and democrats. the midterms midterm elections in the united states have dealt a blow to president all trump whose republican party has lost the majority in the house the g.o.p. did however keep their majority in the senate leaving the white house with the divided congress for more on this now joined by franks for to larry is the

president of the american chamber of commerce in germany frank what does this outcome mean for transatlantic trade relations well you already is the key word a couple of times and that's gridlock we on the one hand have to fear that the democrats and republicans will not be able to work together at all that would mean no legislation of any type being passed we also have to be a little bit concerned that the democrats might use some of the control they gain in the house to launch a lot of investigations which maybe may have merit in some way but which certainly would distract the country from what it needs to do. on the other hand president trump has shown that he is willing and able to use his executive authority to do things basically the trade actions that he's doing are based for the most part on executive authority so i don't see least not initially a major shift in the trade situation unfortunately by the way not even if we're

looking at china couldn't couldn't the democrats help ease trade relations with china. well you know ironically interesting it's always been the republicans that have been the big free traders and democrats had more of a focus on the jobs at home they're stronger connections to the unions. it's it remains to be seen that i do think president trump has shown that he's very present pragmatic he wants to deliver on his promises and quite honestly i would not be surprised if he were to find a way to be able to work on some compromises with the democrats and maybe obtain some of the things he's looking for that he can then sell as a success of his very brief if you can with regard to try to lessons with europe that you see any change that. well. i have to say i'm sometimes a little bit disappointed that i don't see more reaction mark to be coming out of a coming out of the e.u.

coming out of brussels we were the american chamber was in washington in september we had a meeting with wilbur ross he told us very clearly what the expectations were from the u.s. side and i won't say that way in europe need to agree with all of that but we certainly need to be working intensely on strengthening what is the most important trade relationship that exists in the world today and i don't see that happening to a degree that i think would show the seriousness of the situation thank you very much france by the our president of the americans have a comma in germany. airbus and boeing have called for an end to the u.s. china trade dispute executives of the two world's largest plane makers and bitter rivals made the announcement of their show in china the country has become a key hunting ground for ak rough manufacturers looking to expand their business because of the surge a natural that the two companies are worried that the ongoing trade conflict could derail orders from china passengers are one of china's biggest imports from both

the u.s. and europe conflict would push beijing to look for alternative options. the i.m.f. is also concerned about trade relations between china and the u.s. the international monetary fund sees dark clouds ahead despite efforts by china to continue its strong growth it says the trades bad puts the brakes on the world's two biggest economies and it's pulling down the global economy with it. china's biggest city and financial nerve center shanghai more than three and a half thousand companies from around the world are here at the china international import explodes but is it just a stroke of luck that the i.m.f. and world bank delegations are in the country at the same time china the world's biggest exporter is trying a new tack they want to ramp up future imports the chinese government unveiled its strategy at the expo well yeah. so we'll continue to implement

a proactively school policy and push for cutting taxes and fees meanwhile we'll optimize the business environment in order to further mobilize market players. to that in the government has been dismantling trade barriers and since the beginning of november reducing tariffs on many products in the first three quarters of the year china's imports climbed twenty percent to one point six trillion dollars so in the face but i.m.f. chief christine legarde warned china's growth would slow through next year and into twenty twenty thanks to the trade conflict with the u.s. but she did give beijing some credit for important economic reforms and opening its markets. here in germany one of the most developed countries in the world some people still struggle to get mobile phone reception with the old three g. and four g. networks meanwhile the next generation is almost here it's still a daily new since for many germans searching for good network coverage many find

this unacceptable for a leading industrial nation. here is in effect on how things haven't been up to scratch so far with the theater i'm just asking that we actually get what's promised at the spectrum auction this time. the federal network agency wants ninety eight percent of homes to have access to five g. but an estimated ten to twenty percent of the total land will still be under supplied especially in areas where few people live or where motorways all railways run three. the minister for digital infrastructure refuses to accept that considering the money involved. when we're talking billions will establish very clear means of controlling and sanctioning so we get complete coverage because. rebel communities also want good reception and network operators fit the high costs of one hundred percent coverage even which no non-sport and with ninety nine percent population coverage will cover about ninety percent of the london germany

that's within germany is thirty percent forest was for turned white and headed out of the gate dacha germany is heading for a digital world than the network needs to be available everywhere digitalisation everywhere regardless of whether you live in a city or in the countryside that often. industries like small manufacturing handle thomas driving are also pushing for the next generation of my pal coverage. profits b.m.w. plunged in the third quarter the german comic opposed to the twenty four percent decline in earnings to one point four billion dollars w blamed the number of factors for the fall in profits including the u.s. china trade war and the extra cost of implementing tougher e.u. emission standards the company also had to recall more than three hundred thousand cars in august in light of all the b.m.w. has already warned that earnings margins and profits would fall this year.

you member states are divided on a proposal to place a three percent tax on big internet companies like google or facebook scandinavian countries and island fear the measure would make them less attractive to tech firms while others fear washington might retaliate still others want to push through a measure by the end of the year and it's really a set it will simply go ahead with its own digital tax if there's no e.u. agreement. the digital tax is a fraught issue in europe for taxing high tech firms like google facebook and amazon could help governments raise money some countries fear they could lose out especially if washington retaliate. of course there will be a reaction from united states which kind of reaction i do not know and of course we should decide for ourselves but we sure do think early on whether it is a good idea or not denmark says u.s. retaliation could potentially offset the benefits of a tax ireland fears it could become less competitive the irish capital dublin is

home to the european headquarters of several u.s. tech firms in germany the eel's biggest market is hoping for a broad agreement between e.u. member states by summer twenty twenty france on the other hand it's a term and to push through a proposal for an evil white tax this year. when there is a will there is the way. and there is a we've come from time for many countries to have your ducks. direct t.v. by the end of the shows and teach but all e.u. countries have to agree before a law can be adopted and things don't look promising that's why italy is putting pressure on brussels rome has said it will impose its own national digital tax if there's no e.u. consensus. the german arm of u.s. asset management firm blackrock is under investigation for fraud the world's largest fund managers expect it is suspected rather of so-called comix deals

a practice of rapid share trading that generates multiple tax rebates for investors blackrock headquarters was searched in munich on tuesday germany's blackrock german village mouths in the running to take over from as the leader of the c.d.o. parties party transactions in question happened before twenty eleven amounts only joined the company in twenty six the. he will fully cooperate with the investigation. and that's it from me on the business team. website which is full of stories on business on. such thank you very much for the folks.

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