the women's world cup america. cup and the africa cup of nations those are cities people crash as he passes down an exciting event is right around the corner the german bundesliga is heating up and as always we are there to keep you up to the latest. numbers leave your side of the 16. markets soar as the u.s. delays some tariffs on consumer goods from china so why the sudden reversal and can it lead to a long term solution for a trade dispute that's weighing on the global economy. and protests and violence paralyze one of the world's busiest airports for a 2nd day is financial hub hong kong really nearing the path of no return. this is

your business report i'm stephen beers in berlin thanks for joining us u.s. president donald trump is delaying some tariffs on chinese goods until december 15th moves a move he said is meant to help american consumers the products include mobile devices laptops video games toys and textiles trump made the announcement shortly after trade representatives representatives from the 2 countries spoke on the phone shares of tech companies and retailers jumped on the news however the 10 percent tariff will go ahead as planned for many other items on september 1st. and let's check in with our financial correspondent in new york jose luis de haro jose nice to see you markets really jumped on this news today does that mean investors really believe that this could lead to something lasting a long term agreements. sadly nod stephen but i disappoint any move

that does not imply increasing tensions between the u.s. and china is enough to cure investors markets. as a blink from bad to trump administration trying to deescalate somehow the current situation which has a spill into all the areas such as currencies than and the nation by the us treasury of china as a currency manipulator for example i say the conversations between both countries are still conducted over defoe no need to steal not period negotiations will finally negotiators actually will finally meet face to face in washington next september for now the recent compromise and for another phone conversation in the next 2 weeks and meanwhile president trump said that the conversation was so productive then again implied that china my now might be more i would call for a product from the us a but so far has not bling back in this regard so we investors are still cautious and nada expecting a big deal any time soon those they want to ask you something about what trump had

to say about this de lay let's take a listen real quick. but . i. don't know if you could make that out over the helicopter noise but trump was insisting there that tariffs at this point have not heard consumers but that the recent decision was made to help consumers so which is it are tariffs hurting consumers or are they not hurting them. dr stephen is a strong consumption it's what it's currently is the same in the u.s. economy and somehow letting a bottle he's trade war with china better as we head into the holiday season it is

obvious that the us president cannot risk applying it to some of the most popular products among us and consumers are already affecting prices a with inflation surging 3 tenths of our percent in july and without the delay in did 10 percent duty on certain products many retailers wouldn't have had enough time to order inventories in advance of the holiday season to avoid the new charges have been either to absorb the cost or to to the consumer so what's in mind but one thing that don't harm consumers retailers have believe they do and as for now it seems the u.s. president is trying to avoid a nightmare before christmas so her it was a lose the hero there in new york for us thank you. and over to hong kong now where the clashes between protesters and police have continued to rob markets disrupting hundreds of flights this week at the city's airport the travel hub reportedly contributes about 5 percent to hong kong's g.d.p.

some experts estimate the disruptions have already cost hong kong tens of millions of dollars a figure set to rise if the turmoil continues the political crisis has also weighed on asian markets with hong kong experiencing a major cash outflow. the argentine peso continued to fall on tuesday closing down more than 4 percent against the u.s. dollar now that comes after the currency initially tumble 30 percent on monday the plunge followed president maurizio defeat in the primary election last weekend with investors fearing that a mockery loss in october during the general elections would in the country's economic reforms argentina has been in recession since last year and is currently afloat on a $56000000000.00 bailout from the international monetary fund. and gas stations in portugal are running out of fuel right at the peak of tourist season the reason tanker drivers in the country are on strike demanding higher

wages and less over time the portuguese government has now imposed fuel rationing. the national guard is keeping field at post safe and it's giving convoy protection to petrol and diesel shipments to ensure basic supplies reach filling stations and airports. on the 1st day of the strike the government designated it a national emergency effectively making participation a criminal offense to dangerous goods drivers union thinks that scandalous. we're going to attack we saw under the dictatorship we fought for our rights with this democracy but the government is clearly ignoring our rights. portugal's labor ministry saw no alternative but to clamp down because even on the 1st day of the strike feel supplies could no longer be guaranteed. it indeed the other 2 issues are taught sound airports as well as other sectors which are essential to society were threatened if it is to be as

a new way and it was about ensuring a calm and normality. lisbon's main market is a kind of social seismograph for the whole country that handles goods from portugal's north and south michael brown's is one of its main traders he says the 2nd strike date has been somewhat easier than the 1st. because of the mere customers bought twice as many goods on the 1st day because they were frightened there might be any fuel available on the 2nd day when. the wholesaler can count on having enough diesel himself because his drivers often cross over into spain where fuel is cheaper as well but brown still worries the strike could drag on. any problems we get on friday. when the filling stations won't be able to get enough petrol or diesel to see this that's precisely what the government hopes to prevent that's why soldiers are now

driving consignments around the country to cushion the effects on the population. the 2nd day most of the gas stations the port here in lisbon are doing business as usual there for many people were asking if it was really necessary to be clear threat to the nation already the 1st day of the strike for prime minister antonio cos they might have been quite convenient because he was able to show strength and authority less than 2 months ahead of the next elections. let's take a look at some of the other global business stories making news. the european commission launched a formal anti dumping investigation into steel products from china taiwan and indonesia on tuesday the inquiry follows a complaint by the european still association e.u. steel producers they some of their peers outside the block have flooded europe with cheap steel. media giants viacom and c.b.s.

will merge to form a $30000000000.00 in entertainment conglomerates indian years of tie up talks viacom owns the movie studio paramount and t.v. channels comedy central and m.t.v. analysts that merger will allow the new company to compete with streaming services . millions of muslims have made their way to mecca as part of this year's hodge pilgrimage increasingly saudi arabian businesses are finding ways to make the most of the vast numbers of travelers coming from overseas some hotels are now catering in particular to wealthy pilgrims and offering a very special experience a high end hodge. the company in mecca is islam's holiest site for pilgrims it's the final destination at the end of a long journey and now the wealthiest among them can end a tiring day in a room like this. across the 5 star hotels now offer a room with the who leave you to the select few who can afford it with prices

starting at around a $1000.00 a night or reaching into the 10s of thousands these hotels a contributing to mecca is growing reputation as the capital of luxury religious tourism. something as a 5 star hotel the toughest magnificent services to attract customers we have the best possible facilities because the prices are expensive. most of them on. the hotels are fully booked for this year and next year's hutch as well as dozens of days on side mekere expects to welcome 30000000 visitors for how to get around them are a pilgrimages by 2030 at saudi arabia works to reduce its reliance on oil saudi businesses are finding more ways to tap into another significant flood. and on us news from the sporting world in germany is going to sligo brucia dortmund has got off to

a great start to the season with a win against rivals byer munich in the season opening super cup but things are looking much less rosy financially dorman is the only bundesliga club listed publicly on a stock market and profits are down along with total revenue which has fallen dramatically to around 17 and a half 1000000 euros that's a drop of nearly 50 percent the numbers are to some extent skewed though sales of top players to other clubs have brought in quite a bit of cash last year. and that's it from me and the business team as always you can find out more about these stories online dot com slash business i'm stephen there's a villain thanks for joining us 1st so. place

. i'm not laughing at the germans because sometimes i am but i said nothing with the . deep into the german culture. ridiculous grandma they all believe it's all about. time rachel join me for me to get something

else. carefully. soon. to get pleasure. discover. the i. subscribe to documentary. s.o.s. euro. crisis. the future champions young champions. before except for countries. they are fighting for to train

our future. do they stand a chance. can they save the european idea. let's go back i need to stand up for european values and contribute to something important to the absolute. future of europe starts september 2nd on d. w. . greetings from berlin and welcome to arts and culture well today we'll meet a composer who invites us to experience music as a physical presence rebecca saunders will be joining me in the studio and we've also got these stories lined up. in a new series on european landmarks we start with one that encompasses the very

essence of france and the city of light the eiffel tower in paris. and taking up some slack at the end of the show get ready for the amazing feats of a stony and slack line or. well she's one of the most compelling composers working today london born rebecca saunders who lives and works here in berlin and her competent compositions turned the wish for the shimmer and funder of sounded to something tangible and she invites us to focus on minute creations of timber and of course the symbiotic relationship between musician and instrument challenging to play and fascinating to listen to.