the forgotten holocaust. a deal for the u.s. to export more beef to the e.u. so does it help american farmers call the u.s. trade dispute with china and put it ease trumps animist for brussels. also on the show an escalation in the train route 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 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 a trade dispute that has been especially painful for american farmers. after german cars and french wine u.s. president almost trumps most recent beef with the european union was with well before the u.s. had long found it hard to export its meat across the atlantic after a 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've 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 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 loss in china that countries slapped import tariffs on u.s. meat in retaliation for trump's tariffs on chinese products. and let's go now to our financial correspondent in new york jose luis de haro who is 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 inches involved are relatively small on denmark's

in one of the quote i will represent in beat over 2 percent of total us be the experts last year but beaver exports 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 they help given so far on to unit to aid farmers heard by tensions between washington and beijing the usa government has rolled out 2 rounds of trade aid for farmers that's picked it to total around $28000000000.00 and trade that war has hurt sales of wide range of cultural products including fresh fruit and grains and china is at the top market for many of the usa biggest crops and big gene those crops with as a regulation to try so far and of course was as we know soybeans also hit especially hard among those of us if i want to ask you about something else trump said during today's press conference take

a listen we were we were. a 25 percent tariff for all mercedes-benz is being w.'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 . not at all stevenson. predictability it's a more than proven and the threat of implement in charge of sober european carmakers is a still very alive. of agreement was signed that does not mean both the parts and will i hear a limited trade agreement to reduce or eliminate the long 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 results

from the world trade organization related to airbus and a common one on buoying and on top of the. threatening france that with. the french government approving digital tax on big tech companies so the result 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 u.s. and 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 he reports a basis to use the money to fund his space venture 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 than 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 have 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. if you my unequivocal he warned of 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 counter-measures 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 import of defense equipment and materials used in the chip industry. deal but that certainly this move was approved to revise japan's export controls appropriately and was not intended to hurt japan south korea relations or to craft counter measures. such 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 190-1905. 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 passport much like this one 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. cyprus is booming again and its 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 so. 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. quiet the boss but don't have. that 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 main facts. which are all for off the. details in depth 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 will find you. 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 in the business scene here you can find out more about these and other stories online . watching. the.

kill the buy you more that's hard and in the end is a me you're not allowed to stay here and more we will send you back. are you familiar with this. with the smugglers we're alliance of. what's your story ready. i mean when i was a women especially of victims of violence in terms of take part and send us your story we are trying in all weathers understand this new culture. for you are not a very little or nothing years you want to become a citizen. in for migrants your platform for reliable information.

time to take one step further than face the possible. time to search the unknown find for the trust. time to overcome downtrends as coming back to the world it's time for a time t w. coming up ahead of odds. is the state of the news africa coming up in the next 15 minutes nigeria's northeast more than a 1000000 people have been just. standoff trapped by violence as the decay of conflicts between the government and often groups rages in borno state also on the program i'm telling. you we will meet nigerian

animates this work was screened at the outcrop animation film festival of. the film funded and why it's a gift. to the largest.