yeah i don't think that's quite something to sing along to you she has to come from super. to. interactive exercises. everything is online. interactive benjamin to from. china reports it slows economic growth in decades so there's a trade dispute with the us to blame for a slower growth simply china's new normal to break down the latest from beijing. also on the show the e.u. takes actually gets turkey for its gas drilling off the coast of cyprus will tell you what it means and how ankara has responded. and farmers in argentina could benefit from south america's new trade deal with the e.u. board about other sectors well it depends on whom you ask. this is your business

report i'm stephen beers in berlin thanks for joining us the chinese economy continues to cool new quarterly results showing the slowest growth in 27 years so does that mean china is on the ropes in its trade war with the u.s. well not so fast domestic demand is up and state support appears to be kicking in but china does have its work cut out for it. in the past 3 decades the chinese economy has undergone an extraordinary transformation developing from an inward looking agrarian based society to a major industrial powerhouse growth has been rapid for years double digits were the norm now the pace of expansion is slowing down in the last quarter g.d.p. rose by 6.2 percent followed by many standards but for china the worst performance since the early 1990 s. the government's been keen to offer reassurance but doesn't deny there are problems

from. from one year and generally speaking economic performance in the 1st half of the year was within a reasonable range and has sustained momentum and overall stability. however we should also be aware that the economic conditions are still severe both at home and abroad global economic growth is slowing down the external instability and uncertainty are increasing the unbalanced and in adequate development as home is still accused the economy is under a new downward pressure. much of that downward pressure is a result of the country's ongoing trade dispute with the united states which has seen the introduction of hundreds of billions of dollars in punishing tariffs. but there are home grown problems to for years chinese companies have taken advantage of largely on regulation of lending leading to warnings of an impending debt crisis

add to that weakening global demand and you have a cocktail for a further slowdown in the future a source of concern far beyond beijing the sheer size of the country's economy now means what happens to china happens to the world. well let's go now to our financial correspondent in new york. yes wall street hasn't really reacted to these numbers so tell us what is driving investors this week. well it's basically for a couple of days now the outlook or 100 percent certainty that the federal reserve will cut interest rates by the end of the month that does feel a bit one dimensional and let's say the fed is going to do to lower the rates at the next meeting on july 31st that is already priced into the markets are up some point we need a bit more to get markets going but here at the beginning of the week we said

a new record for the dow jones industrial average for the s. and p. $500.00 and also for nastar composite. and hence the focus in one company boeing shares falling today after news reports regarding its 737 max working tell us there well i mean wall street in general is just asking itself why would you invest into boeing at this point was all the uncertainty there was a report in the wall street journal that maybe the 737 makes a plane so won't even take off at all within this calendar year we also got word from american airlines besides. the biggest the 2nd biggest operator of those marks 8 planes for the 5th time already they delayed when they estimate that the planes might be taking off again at this point they are looking at. but as i

said so much uncertainty and there's not clear when the software fixes will be done the pilot training will be done the f.a.a. will finally give the green light to the stock basically is in steady decline since march and since then has lost a good 20 percent in value so more bad news there for boeing for us there in new york thank you. now staying in the us facebook says it will not launch its digital currency libra until it receives regulatory approval a senior executive at the social network plans to testify to u.s. lawmakers that the firm has no intention of directly competing with global currencies financial leaders around the world have expressed skepticism about facebook's plans among them u.s. treasury treasury secretary steve minutiae one monday said his department had serious concerns that libor could be used for money laundering. e.u. member states have agreed to impose penalties against turkey over its gas drilling

off the coast of cyprus the european union doesn't recognize the turkish claim to the north of the island but ankara insists that its actions are allied with international law. it was the dispatching of this turkish drill ship to what cyprus considers its exclusive waters that prompted the cypriot government to raise the alarm with the e.u. last week another ship soon followed. on monday ministers meeting in brussels discussed what to do about it. do you. provocations of taking an acceptable to his all and we stand with the cypriots this is going to it's very clear that we stand behind cyprus this makes sense since we never recognize the turkish occupation of northern cyprus it's normal for cyprus to want to define its own natural resources or to be conducive to. during their meeting the ministers agree to impose punitive measures on turkey i think lou the suspension of negotiations over an aviation deal the cancellation is senior political meetings

and the reduction of funds earmarked for turkey as a prospective e.u. member experts estimate the seabed off cyprus holds more than 200000000000 cubic meters of natural gas deposits turkey insists its expiration of the area is legal the foreign ministry has also warned the tenney action by the e.u. has do. to backfire. over latin america argentina's beef exporters should get a boost what about its manufacturers this store a trade deal between the e.u. and south american countries which includes brazil paraguay and europe way as open questions about who stands to benefit from free trade and who could suffer. whatever lawler and his family run a cattle farm in the town of suny pacho 130 kilometers west of buenos sighters they count more than 2000 cattle most of their beef is exported but they also sell soybeans corn and wheat and the family is enthusiastic about the trade agreement

between the european union and the americans who are blocking and hope it will boost their sales. people will be able to get to know argentine beef i think it ranks among the best in the world it's really excellent and world famous in terms of meat our output is already at capacity the same with wheat the challenge now is to industrialize the entire thing. and. the deal will see the e.u. drop tariffs on 82 percent of agricultural imports sensitive products like meat sugar and ethanol will see lower tariffs but only at specific quotas in exchange the south american block will remove duties on 90 percent of industrial goods from the e.u. albeit at a slower pace but that hasn't gone down well in all quarters unlike europe why in paraguay both argentina and brazil have well established manufacturing industries like the car parts company l. he make roberto people who founded it in buenos aires 50 years ago it makes hinges

for folks work in trucks and while he supports the lifting of trade barriers with the e.u. he does have some misgivings he says you. we need to look very carefully at the impact it will have on national laws on the tax system and on investment in the country. we should see how we can get the technology necessary to compete effectively to believe that. patrick is a former trade official who now works as a consultant and professor he welcomes the trade agreement but believes the benefits are not equally weighted and that the e.u. stands to profit disproportionately. because it's in my opinion marcus who has made more concessions than the european union has and that applies to goods services government contracts investments and intellectual

property. and a complete analysis will only be possible when we have the details that are going to come out. and while opinion on the ground is mixed argentina's government has high hopes that the deal will spur job creation and development for years to come. and let's go back to europe where amazon employs that 7 of the company's german locations went on strike on monday demanding higher wages the strike was scheduled to coincide with amazon's so-called prime day that's a 2 day discount event the online retail giants german workers earn a minimum of 10 euros and $0.78 per hour to labor union verity says amazon is only able to offer discounts to customers because it doesn't pay its workers fairly. and that's it for me in the business team can of course find out more about these and other stories at d w dot com slash business or on social media with twitter

facebook i'm seeing bears in berlin thanks for watching.

thanks so much. happening to me. your link to lose from africa and the world. your link to assumption stories and discussions in the muslim student news actually program and from foreign to me from our use of museums and wild with sandy desert called smash africa join us on 3 school g.w. for come. i'm not laughing at the joke well i

just sometimes i am but i still laughing which is that the german thinks the printer german culture of looking at the stereotypes quests but in a single piece of the country that i not. needed to take photos from up there. it's all about ok no i my job join me for me to jenin from d.w. . post. it's been 50 years since the man. she was the 1st man to walk on the moon. as a small boy she dreams of the stars. so much to see anything no matter how. many years to go to them.

as an astronaut she took part in the greatest adventure in history. the large strong the moon was his destiny starts july 20th on t.w. . hello and welcome to news from the world and culture the play against festival stages some of the most spectacular offer productions in the world almost like also coming up. sam vimes long is a musician with a message and he'll be joining me in the studio. and in a 100 german us reads a book called the bustle feast about a family falling in problems in the family like. the. buffets

we begin with a break dance festival in austria on lake constance and literally on lake constance the audience sits on the shoreline and the stage is on the lake lending itself to amazing productions which of course include the water and the incredible backdrop as part of its role for the performers in brigance it's quite a stretch as they have to do things they certainly never learned to college especially this year as the director is better known for making heavy metal videos this is opera like you've never seen before. had a soft spot for new voices in fragrance even for these young birds whose nest is inside a head it's part of the stage set it's a kind of scary clown something.