3 steps to w z learning course nikos free german made easy. in the book you are no one and. you can learn from me for. exposing injustice global news that matters g.w. me from harms. the aircraft subsidy route between the us and e.u. takes off again washington threatens brussels with tariffs on billions of dollars worth of additional european goods. the world is deep in debt to china we talked to an expert about what that means for global financial stability. and the costs to companies and economies of global warming report highlights the impact on human productivity. and it was all an extra business tariff frets of flying in all

directions the u.s. had just managed to stitch together a truce with china now whopping the ante against the european union and olds disputes over aircraft subsidies the us releasing a new list of goods for tariffs worth $4000000000.00 it includes metals cheese cherries and whiskey distilled spirits council of the united states ones judy's would jeopardize american jobs and her consumers the world trade organization has found the 2 biggest plane makers boeing and airbus receive billions of dollars of powerful subsidies it's yet to make a ruling. let's get the perspective from our financial correspondent in frankfurt come at booz and conrad the u.s. subsidizes boeing the e.u. props up and boss who's right who's wrong. well my answer might surprise you but both wrong but both are also right

subsidies in making airplanes up to a certain extent is justified it's a very expensive affair to construct an airplane and to build it if you don't get the support sustainable long term support of private investors if you don't have the backing of a government office state if this is to happen in the form of financial support or regulatory support or infrastructure spending of course is a matter of discussion and this is exactly part of the discussion going out going on in the dispute settlement in front of the w. cio right now with this w t o dispute is always 15 years old we're not going to get . a ruling from the w.t. o'toole's the temper probably doesn't cry out for w.c. over fall. yes it does the w t o especially the dispute settlement procedure needs an overhaul the americans have been blocking or making

this. overhaul much more difficult they're not nominating of the candidates they are supposed to nominate for this. body that you know settles the disputes there but that's not the only that's not the only problem you know the status that different countries have at the w t o is a problem to russia and china both are developing very potentially competitive aviation industries china has a model ready for the market that is going to compete against both buses and boeing's best selling models but china still is considered to be a developing economy which allows it much more subsidies that's also something that the u.s. and the europeans are not willing to accept and briefly the terror threats who's going to. well mostly steel makers metal makers from europe because they have very strong competition in the united states price

competition that is you know the other sectors german french wine scotch whiskey you have more of a quality competition there americans will be willing to piet pay higher prices due to those import tariffs on our booze inadequate soap exchange. a report reveals china's role as a creditor nation is much greater than reported in officials that this takes the rest of the world owed china more than 5 trillion dollars in 2017 a study by germany's killings that you for the world economy says this poses huge risks to global financial stability. kenya's brand new railway linking nairobi and mombasa another infrastructure project with chinese credit behind it compared with china's dominance in world trade its expanding role in global finance is poorly documented china has exported record amounts of capital to the rest of the world since the mid 20th century the authors of the keil institute report say china's

loans to other countries are often shrouded in a passerby many of these financial flows are not picked up in the official statistics reported to the i.m.f. or the world bank from the year 2000 to 2017 the total credits owed to china by other countries including direct loans and investments rose from just over half a percent of world g.d.p. to 10 times that peaking around 6.3 percent in 2016 then leveling out just above 6 percent over the last 2 years. loans from china's state owned banks to developing in emerging countries have multiplied in the last 10 years the collateral offered against these loans is often oil or other natural resources the keil institute says china's hidden outstanding overseas loans pose serious risks for developing countries some 2 dozen developing nations that have borrowed heavily from china are at exceptional risk of never being able to repay the loans shipping song is chief

economist at d w y s it manages 700000000000 euros in global assets i would hear about as china of course but what i'd like to know is how much power china does actually wield fun actually. yes china us uses the financial resources to influence other countries but on the other side it was a hape of the country especially developing countries to develop the economy and this is the intention of china but now obviously some projects properly kick in to pick it up or be exceeding the cup us a financial capacity of some of the countries and that this is the what today q institute to say so china big no more than it can chew it is becoming a rich global financial stability do you think i don't think so because chinese financial markets it's a pretty isolated from the global and if you look at the bank this whole hate to finance these projects they also may need them my financial sources are mainly from

the domestic and using the government resources what about the money that it's pumping into so many different tech sectors right now it's becoming a leader in many fields isn't that money that's being put to good use yes i would think so this is also the main point movement between the u.s. and china regarding that trade a conflict and that china you know that's not only essential government but also local government invest a lot into r. and d. research and development and all the companies side to us well so china actually has the highest highest it grew through rate of indeed and that this so far we would just say that's a successful. is it something the west has to worry about worry about there was a very one state that is setting the standards in fields like artificial intelligence and. facial recognition.

the research it's safe it's i think it's a it's not a really dangerous for any of a country and the question is how you want to use a technology so far in a china and lots of a.v.'s are leading and especially in the us you mentioned if they show because commission and telling the eye of the sec to us and to these i think as a whole should be beneath it but what we need to spoil the vehicle about environment a friend world how we use that and i don't think you know that it would be pose any threat to other countries and if the other western countries and china would call for a chip corporate to each other and there would be better for the world as a whole sharing song chief economist at the us thank you very much for joining us there from frankfurt. opec has agreed to extend oil production limits for another 9 months the decisions designed to support prices and so come excess supplies as global demand weakens the cost of branch crude is

surging and on opec nation russia joins the talks which continue today. if you're looking for an inside into the state of the global economy and the status of geo political relationships the oil industry is a good barometer. because prices are still in danger of falling opec heavyweights saudi arabia and nonmember russia have agreed to extend current production limits for another 9 months. to produce. everyone's support of the proposition to extend for 9 months the limits agreed to in december. 31st. opec's 14 member countries and its allies like russia account for about half of the world's crude outputs benchmark brant crude has climbed more than 25 percent this year after the white house tighten sanctions on opec members iran and venezuela.

but prices could see renewed pressure as a slowing global economy squeezes demand and u.s. oil floods the market. our commitment to balance the market our commitment is to bring down inventories our commitment is also to call our colleagues to do the same. the extension of output cuts are likely to anger us president trump they could lead to higher prices or gas stations something he sees as a threat to his reelection campaign our country is worsening tensions between the u.s. and iran could also mean that price volatility remains a challenge for oil producing nations. europe's just go through a week long heat wave it's fires heat related deaths and mass migrations of lakes speeches and fountains it's hard to focus of work conditions really hit productivity. melting ice caps forest fires

and widespread dry use these are just some of the devastating consequences of global warming now a report has highlighted another impact of rising hese the cost to human productivity according to the international labor organization a $1.00 degrees celsius rise in temperature would lead to a 2 percent drop in working hours by the end of the century that's the equivalent of $80000000.00 jobs * costing the global economy 2.4 trillion dollars that comes on top of the $38000.00 extra deaths climate change is expected to cause each year from 2030 and that's not the only worrying economic effect the report's authors are forecasting inequality. between countries. we found that the worst affected countries including. least developed countries jobs in

agriculture will be most at risk as a result of rising he's putting livelihoods in the poorest parts of the world and yet more peril. now his how's this for blue sky thinking google's sister company loon is sending a load of balloons to kenya to supply 4 g. internet to remote mountain villages the company is partnering with telecom kenya for a trial of attack the idea is to float networking gear over areas where cell towers would be too expensive to build. business or.

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weeks of excitement. months ahead. it's crazy 90. the results on the telly. spider crosses the call to save europe in what promises to be the biggest box office hits of the summer. and welcome to arts and culture i'll be talking about the movie with our film guru scott rocks for also coming up. from a flock of drones to floating concrete blocks the dutch studio drift is taking to the sky. and the book that scandalized german society and

then became an oscar nominated film in our series $100.00 german must read them or bring. box we begin with a new movie from the most successful franchise of all time provided to us by the malvo universe of comic book heroes the last movie avengers endgame close the chapter with devastating effects and now a new era begins with spider-man far from home. the goal being less olena well no i don't have time too busy doing your job. ringback kidding i'm kidding let's keep up the go work because i am going on vacation. he's going on vacation but scott is on vacation scott is here so what's happening i mean the new america.