china posts its lowest economic growth since one thousand nine hundred ninety sparking concerns about a knock on effect for the global economy what's behind the slump and what does it mean. also a rainy day airline is not cleared for landing at least in germany we'll tell you why berlin is now denying the middle east flyer. and it's a fairy tale city and it was pakistan but not everyone is in chanted with the return of the silk road era some account. i'm seeing thanks for joining us china's growth rate has slipped to its lowest point in almost three decades fueling concerns it could slow the global economy down with it and prompting questions like what's behind the slowdown and should the rest of the world be worried. once upon a time chinese economic performance wasn't global news those days are long gone the country's growth rate now act as an indicator for the health of the entire world's

economy no wonder then that this in once meant was so hotly anticipated. according to preliminary estimates the total value of china's g.d.p. was ninety point zero three trillion you won the awesome ninety two a six point six percent year on increase that figure outstripped the anticipated goal to. six point six percent it may not sign too shabby but take a look at this a decade ago chinese economic growth was hovering around ten percent in the year since then it's slowed steadily and what's worrying investors is that no one knows when that decline is going to end. the reasons for china's slowdown are mana fold domestic issues like a slowing property market are putting pressure on growth. but even more worrying to the global markets is the continuing trade dispute with the united states. the two

countries are currently holding a ninety day truce which their leaders agree to after dining together at the g. twenty summit in argentina for their trade talks are set to take place next week but after months of fall attilla see a resolution may still be far off a further escalation could have a dramatic impact on the chinese economy potentially setting in motion a decline in the rest of the world to. there may be no immediate threat of recession but the global outlook for the economy is worse than it has been for a long time that's according to international monetary fund chief christine lagarde speaking at the world economic forum in davos the i.m.f. knocked down its global growth projection for the year to three point five percent down from three point seven the united nations expects even lower growth the cooling chinese economy is among the biggest global risks look are told the davos audience that could also cause turbulence. a new billionaire is

minted every two days while the poor just keep getting poorer that's according to a new report published by oxfam the nonprofit organization says the fortunes of the world's wealthiest rose by twelve percent last year by the poorest while the poorest half of humanity three point eight billion people so wealth climbed by eleven percent but the study is not without its critics. according to the oxfam report the number of billionaires has doubled in the ten years since the financial crisis hit it also highlights that the twenty six wealthiest people on the planet known as much as the three point eight billion people who make up the poorer half of humanity. this is unacceptable and there are solutions and this lucius lay in the hands of government to tax wealth to stop tax daunting to plough the money into these public services and give everyone

a fair chance to be part of the global economy. oxfam publishes its inequality report every year shortly before the start of the world economic forum in davos it's an attempt to highlight the issue with the politicians and business heavyweights meeting up in the swiss resort but some economists have criticized the study for implying there are simple solutions to a complex problem other factors also play a major role in wealth inequality they say for example in the african nations that are home to some of the world's poorest they are unstable political systems a corrupt elite civil war and poor education structures continue to have an ongoing impact. france's data watchdog has announced it will find u.s. tech giant google fifty million euros for breaching data consent regulations french authorities say google confuse users about which services were available if they did not accept the company's complicated conditions of use. google was accused of

securing forced consent through the use of pop up boxes is the largest find to date under the e.u. strict general data protection regulation better known as g d p r. the ousted nissan chief carlos ghosn is pushing again for bail in his financial misconduct case in japan even offering to pay for an ankle bracelet and add nissan stock as collateral. the tokyo district court has already rejected previous bail applications going has been jailed for two months the widely celebrated architect of the renault nissan alliance is accused of underreporting his salary among other charges nissan has removed him as chairman renault is expected to meet later this week to replace him as its chairman and c.e.o. . saying in the auto world legendary rivals b.m.w. and diane lerner will join forces to develop self driving cars that's according to

the german financial daily hundreds blood and the aim is to split development costs and establish an industrial standard for autonomous driving both car makers fear that tech giant google is going to dominate the market with its automated operating system that's according to the paper this new competition from silicon valley threatens of rivalry that turn both brands into global market leaders. four times a week a jetliner from iran's mohan era flies into germany no longer starting today berlin says iran uses the airline to transport military personnel and equipment to war zones in the middle east the u.s. has welcomed the move. the united states has imposed sanctions on mon air since the obama administration in twenty eleven saying the airline provided financial and other support to iran's islamic revolutionary guards and it's been pressing its european allies to follow suit ever since the german ban will now take immediate

effect according to government spokesman stephan side but this is all to see the fact is that it cannot be ruled out that this airline could be used to transport things into germany that could have a security impact and this specifically considering the recent backdrop of terrorist activity and intelligence of terrorist activities by iran in europe. for you. in the open and such. as i but denied that the decision to ban one hundred air was the result of u.s. pressure but european countries have felt the pinch since u.s. president donald trump pulled washington out of the nuclear nonproliferation treaty last year many european countries have tried to maintain a business relationship with iran but now some might follow germany's lead. and over to central asia the president of pakistan was in berlin for talks with chancellor merkel on monday president chavez caught mitzi oil wants to boost ties

with germany the country once known for its repressive regime is now opening its doors to the rest of the world and introducing liberal reforms a construction boom has even hit the city of some a con but not everybody is happy about it. dition progress past or future. holds look like the backdrop of a beautiful fairy tale this question is more topical than ever. like almost no other city in the past soviet space samarkand is known for its ancient architecture and to the survival of tradition but could as these fairy tale of a thousand and one nights be over if more skyscrapers builds here. authorities have been building in some a cunt for the past year. modern apartments are desperately needed as well as luxury shops and large hotels he spent his son's third largest city is preparing

itself for large numbers of tourists from around the world but they are building for locals as well an entire district made up of sixty story buildings modern living made in a speck of. this man is giving more than some of its new form. on behalf of our president so we're drawing up a general plan for qantas are made objective is to restore our history. says that's not true story this story goes beyond fairy tale backdrops to that part of the old city where some account residents live some people here are afraid their homes will be demolished to make room for the beautiful new tourist world called some account city critics of the ambitious project fear the boundaries of the old tom will be arbitrarily changed according to the investor's needs. because that's what happened when i was back was part of the soviet union.

in the eighty's a lot of industrial companies were built in the city center many old buildings had to be removed twenty five percent off the center was demolished and that's why i see the development of the city differently so-called buffer zones should not be used for high rise buildings they must not destroy the silhouette of the city. the absolute. i can say with absolute certainty that at least according to our general plan we will be rebuilt like a single city monument so that everyone who comes here feels like they're in an open air museum. open air museum with plenty of space to live hopefully a modern dignified life at least that's the vision of the urban developers of some account the question now. is whether their plans can become reality.

and that's it for me and the business team you can always find out more about these and other stories at the dot com time soon there's a dilemma thanks for joining me. from . my. memory.

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