in the business show. your heart will have that and much more straight ahead with you live. history show the story of the first meeting more told from different perspectives by peter credo from the eastern european perspective from the african perspective from the perspective of turkey from the arab world. the w dot com slash w w one. climate change. least. pollution.

isn't it time for good news eco africa people and projects that are changing our environment for the better it's up to us to make a difference let's explain childbirth. the committee for the environment magazine. long d w. well leaders gathered were not cyrus for the g twenty summits but the event is overshadowed by turns trade relations between the world's two biggest economies the world is one great will china of the us have anything nice to say to each other. maybe the backdrop for all those g twenty talks over economic ties but in scope on the have nots on the mind to. slide a second day after the new. news of

a money laundering raid broke yesterday now senior management comes under intense scrutiny. this is the the view of business. glad you could join me it's not an easy time for multilateralism world leaders gathering when as i as are bracing themselves for fraught negotiations they'll be discussing a whole host of issues but trade will top the agenda one of the most closely watched meetings will be them between u.s. president donald trump and his chinese counterpart gigia ping do countries are still locked in a trade dispute that is showing little sign of a resolution and continues to markets around the world the united states so far has imposed tariffs off on two hundred and fifty billion dollars worth of chinese imports. threatened war china has slapped arrows on one hundred ten billion dollars worth of american made products the spot has had an impact on trade around the

world but especially small businesses in china are feeling the pinch. a little earlier i spoke to craig he's a senior market analyst in london i asked him whether he thought china and the u.s. could find common ground at the g. twenty. i think in the mirror both leaders will probably want to sell this as a successful talk they don't to be seen to be wasting each of the time both have an interest in cooperation whether this actually leads to anything more significant though is where i become more skeptical i'm not convinced that this stage for example that will even. increase in salary if the end of the year on the two hundred billion dollars which are currently standing at ten percent let alone the own winding of previously impose tariffs i think there's still a lot of discussions to be hot i don't think china is yet willing to cede to the demands of the us which is becoming increasingly hawkish on the trumpet

ministrations to the contrary that very dispute aside is there anything or anyone else to watch this g. twenty meeting economically speaking. well that's the interesting thing the g twenty meetings were effectively set up to try and improve cooperation and increase global growth and globalization really is now it seems to be focused on repairing the fractures which are appearing whether that be the u.s. trying to change trade disputes whether it be the talk of cauterets now coming from the trumpet ministration again towards other countries such as germany the ukraine situation right now is also quite fragile the saudi arabia's situation again politically is also going to be on the agenda for many and then of course in the u.k. here we've got prices i think they're going to be plenty of things to discuss trying to repair the damage of the last few years as far as money is concerned and issues do you think that will be a clear loser oakley

a window of that meeting. i'm not sure if this is necessarily going to be a clear loser or winner i think one of the things people are most interested in is whether the twenty countries are going to be able to agree on a draft communique because we've seen from previous meetings because of the amount of issues particularly by the trumpet ministration that the country is now this agree on not goes for trade but also things like climate change we've seen plenty of occasions when they've failed to a great on this communique at the end of the meeting because of these all of these differences so that's going to be one of the key things i think we're going to be focusing on a great sense of winners and losers i don't expect there to be anything major to come from this we just need to see some form of gradual progress to give people some form of optimism that this isn't going to last forever. thank you very much. finds itself in a deep economic crisis the budget deficit last year was almost four percent of

economic but and inflation rose around twenty percent in july more and more argentinians are living below the poverty line and small businesses and hardly survive. these machines haven't produced anything for years but it's not because they're broken there's just no one left to set them in motion the industry as climate woodturning company was founded over thirty years ago by a german couple in a suburb of research and tina in good times they had twelve employees but now there's only one. three years ago the company had a downturn but even before that we felt the crisis for example a lot of our kind of work is done in china these days so the services come from outside the country they can produce cheaper and better conditions than we do here it's hard to compete we have tax burdens of all currents and the currency the argentine peso gets devalued all the time. although the bets of paid into the

pension fund for decades their pension is still very low only a thousand pesos each the family can barely make ends meet. a dozen former employees and their families are suffering from the shutdown of the company. like it water garcia he lost his job after twenty eight years at the age of fifty five is not likely to be employed anywhere so like many argentinians he now makes ends meet as an over driver. i mean. it wasn't just the last government. one on our money this one has been bad for industry two. industries where most people had jobs in the past. argentina is experiencing a deep economic crisis and is dependent on outside help like loans from the international monetary fund and the world bank for months thousands of citizens

have been protesting against the loans including in the run up to the g twenty summit which is taking place in a south american country for the first time the murray government hopes that the summit will bring new attention to the country. it's an excellent opportunity to hold productive bilateral meetings with the various countries and sign agreements on what is happening. and it's also a great opportunity for argentina to show that we are honest facilitators to approach positions in a complex global situation. but the g twenty will certainly not be able to solve the crisis for many small companies in argentina like industry yes clammer. thoughts about germany's biggest lender is in trouble again after allegations of money laundering emerged on the banks share price dropped more than three percent after news broke that police

had conducted raids on its offices some one hundred seventy policemen and prosecutors search for evidence that the bank help clients set up offshore firms to pocket lot of money from criminal activities the allegations relate to a huge data link known as the paper's investigation is focusing on the period beginning in twenty thirty the time when the current c.e.o. living at the group's auditing. now let's bring in. financial correspondent ali what's happened since the rate of dodge. well actually the raid is still ongoing the prosecutors said there was so much material to go through and search that the search continued this morning so the police again the visitors at the bank and the bank also had a prominent visitor yesterday that came out today and reports was no none other than the deputy chief of the fed the federal reserve the central bank in the united

states randi quarrels and this had nothing to do with the raid per se it was a coincidence that this meeting had been set up with christian saving the c.e.o. of the deutsche bank and it probably wasn't a very pleasant talk either because your bank recently failed a stress test by the fed in the united states once again so quite quite an embarrassing situation then talking about. personnel questions are questions being asked about who knew what when. yes they are being asked no answers yet because we don't know the results of this search the bank itself of course says there was no wrongdoing but christians a ving is being asked you know you mentioned he was head of auditing yes he was also head of regulatory affairs for a very brief period and head of private clients he's been at many stations in the bank except for two years he's been with the doj or bank only in his career but

right now he's in the middle of restructuring the bank and doing a good job there people think really under fire as according to reports and speculation that she has to go that current head of regulatory affairs of the month she hasn't been able to install the new culture and make sure that people don't to wrong things and supervisory board had paul often lived in that position for six years also failing to install a proper culture. well you dance in france but thank you. south korea sent a train across the world's most heavily militarized border into north korea for the first time in more than a decade it's part of a drive to modernize the north bassett network and reconnect with the south six rail cars carrying south korean engineers will inspect one thousand two hundred kilometers of trucks over the next eighteen days. they'll travel as far as north

korea's border with china according to the south's unification ministry experts say train north korea's lines up to international standard would cost billions of dollars. and that's it from me and the business team here in berlin that's more is at the top off they are football fans better stay tuned because pickle is hopping is just off of this look at both markets at this hour thank you very much watching the view business about.

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