artificial intelligence is now spreading through our society is the beginning of a good in digital. form the use objected to continuous state surveillance. we are experts be able to agree on the guidelines or will this technology create deadly new autonomous weapon systems. like the robot collapse stores aug 14th on t w. a deal for the u.s. to export more beef to the e.u. so does it help american farmers caught in the u.s. trade dispute with china and could it ease trumps animist for brussels. also on the show an escalation in the trade row between japan and south korea we'll tell you why seoul is fuming. and what can

a 2000000 euro real estate investment in cyprus buy you other than some nice digs we'll tell you. this is your business report i'm stephen bears in berlin thanks for joining us u.s. president donald trump has signed an agreement with the e.u. to increase american beef exports into the bloc it's a rare bit of positive trade news from a president who hopes to extract even wider concessions from europeans later this year and it comes one day after the president announced new tariffs on china a move expected to hit american consumers hard and prolong the trade dispute that has been especially painful for american farmers. after german cars and french wine u.s. president donald trump's most recent beef with the european union was with well beef the u.s. had long found it hard to export its meat across the atlantic after long negotiations trump's announcement on friday sounded like

a triumph for the farmers and ranchers listening in the white house. opening markets for our farmers is about more than just an industry it's about a way of life generations of hard work passion and dedication of gone into making america the largest producer of high quality beef anywhere in the world by far we're proud of our farmers and ranchers we love our farmers and ranchers and with this announcement we take one more step in giving them the level playing field that they have looking they really been looking forward to this for many many years you folks know that they want a level playing field that's all they want on the subject of a level playing fields u.s. farmers and ranchers will also have to change their ways the agreements doesn't mean the e.u. is easing its ban on hormone fed beef at all for u.s. farmers higher exports to the e.u. will make up for market share lost in china that country slapped import tariffs on us meat in retaliation for trump's tariffs on chinese products.

and let's go now to our financial correspondent in new york jose luis to haro has it will this deal in fact help the u.s. farmers most affected by the u.s. china trade war. notice the praises of stephen especially since he had to tone it is involved are relatively small on denmark some of the quote i will represent in beat over 2 percent of total us be the experts last year but be the experts that indeed seemed to be the bright spot of american agriculture and last year approaches a record of $8400000000.00 when we put that number into perspective. help given so far on 2 units to 8 farmers heard by tensions between washington and begin the usa government has rolled out 2 rounds of trade aid for farmers total around $28000000000.00 and to trade that war has hurt sales of wide range of cultural

products including fresh fruit and grains and china is that the top market for many of the usa biggest crops and big gene keep those crops. as a rich relation to trump so far and of course was as we know soybeans also hit especially hard among those you know if i want to ask you about something else trump said during today's press conference take a listen who were to receive your. 25 percent tariff for all mercedes-benz is b.m.w. who's coming into our nation so we appreciate that i'm only kidding. they they started to get a little bit worried. so they a joke about car tariffs there that maybe wasn't too amusing for european to yours . no doubt old stevenson's. predictability it's a more than proven and the threat of implement in charge of sober european carmakers

is a still very alive defy got to be of agreement was signed that does not mean both parts will i heave a limited trade agreement to reduce or eliminate the industrial products that washington is pressuring currently the e.u. to include a agriculture a red line so far for brussels aside from the we are still waiting for the resolution from that world trade organization related to airbus and a common one on boeing and on top of the. threatening france that with. the french government approving digital tax on big tech companies so there is a long list of issues to be resolved and non of them song like a joke at least to me and so maybe those warm relations between the us in the e.u. at least that we see today not to last much longer or at home they lose the heart of their force in new york thank you as always now to some of the other business

stories making news. in the u.s. employers added 164000 jobs in july according to the labor department the figure continues a record hiring streak however the average workweek fell to its lowest level in nearly 2 years as manufacturers reduce hours for workers that economic growth is slowing. the european union has nominated crystal to lead the international monetary fund ending weeks of impossible in the 20 countries . is from bulgaria and is the current chief executive of the world bank i.m.f. member countries can make nominations until september 6th traditionally the i.m.f. is led by european contrasts the u.s. gets to appoint the president of the world bank. amazon boss jeff bezos has sold $1800000000.00 worth of his shares and that company sale took place over 3 transactions at the end of july media reports say baselessly use

the money to fund his space venture to origin over to asia now where south korea is the 1st country to be dropped from japan's white list of favored trading nations a move that could slow exports of a wide range of goods and with seoul threatening to respond relations in the region could get even more difficult both export driven economy face lighting demand from china and both are key u.s. allies in keeping regional peace. no sooner had the news of fresh japanese trade restrictions reached south korea the protests kicked off again just like here outside the japanese embassy in seoul. that we are here to express our deep anger against japan 2nd economic retaliation we've been boycotting japanese products since japan's export curbs were introduced last month. south korean president moon j in described japan as

a selfish nuisance and warned of consequences. i unequivocally warned that the japanese government will be held entirely accountable for what will unfold going forward japan attempts to harm our economy the korean government also has countermeasures with which to respond. to the. earlier in tokyo the japanese government announced that it would cancel south korea from its white list of preferred economic partners this could complicate the imports of defense equipment and materials used in the chip industry. deal. this move was approved to revise japan's export controls appropriately and was not intended to hurt to pan south korea relations or to craft counter measures. south koreans no longer consider japan a friendly nation one official warned seoul says japan is retaliating against south korean court rulings last year. these ordered japanese companies to compensate korean plaintiffs for their wartime labor during japan's brutal colonise ation of

the korean peninsula between $1000.00 tan and 1905. japan points to an erosion of trust since the south korea rulings and claims the export controls are for national security purposes. one thing that all citizens have in common is a past or much like this one but it's getting easier for wealthy foreign investors mainly but not only russians to buy themselves a u.s. citizenship in the form of a so-called golden passport and the place to do that is cyprus. suchness is booming again and it's 2013 financial crisis seems all but forgotten. the island's real estate market is thriving with the rows of expensive new high rises in the port town of limits. many russians are buying them today they make up about a quarter of a limb of souls total population. but why is that. where all because investing at

least 2000000 euros in cypriot real estate will get you cypriot citizenship. business consultant irina churchill town is one of those who makes it happen for her wealthy clients. the busboy don't have to move. but cyprus this year's golden passports to wealthy russians and arabs has been severely criticized by the e.u. but the island's finance minister who oversees this investment scheme so far only 500 people have actually acquired a cypriot passport and these ones may be. forced off the. beat. scrutiny and background checks while the influx of rich russians has changed life none want to speak to us on camera about their new cypriot passports though the arena churchill turn says

most a mainly interested in making a profit he calls his return 5 percent e.u. . so. a very sweet deal but cypriot investment bankers are keen to promote after all where else can you acquire an e.u. passport in just 3 months. so a good idea there for those 2000000 euros just lying around and that's it for me and the business team here you can find out more about these and other stories online. watching.

i'm not laughing at the germans because sometimes i am but mostly i'm loving with the way the german thinks deep into german culture. you don't take his grammar there to you it's all that. new i'm rachel join me for me the job of utopia.

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gallo know what i did with. right i am. god yes. i love welcome to the news room the world and culture and will be head banging to a bangladeshi metal band shortly really also coming up. a go because paradise is like being in an impressionist painting by monet because it sees.

and the greek island of coal fire which has much more to offer than just sandy beaches as thousands of years of history to discover as well. as a small village with approximately 2000 inhabitants rise up in the north of germany from hamburg but every year it plays host to what is considered the biggest heavy metal festival in the world and the population right now has expanded by about 75000. the festival is sold out as always and over 200 battles are playing there this year and they don't go out on the way with the bras 5 of the local vulcan fire brigade who traditionally stop to see us. no doubt they were the quietest band performing at the festival one of the major events every year is a metal battle for often coming on sign.