1st game of the seas. business news up next with stephen beardsley stay tuned for that and don't forget you can get all the latest news and information around the clock on our web site that's t w dot com on twitter at. i'm called ask thanks want. what secrets lie behind. find out 1st of experience and explain the fascinating cultural heritage sites. w. world heritage 365th the.

cocoa to the girl max new to china. good line of stories. with the exclusive. the must see consuming sparkling culture teacher of. the place should be curious minds. do it yourself networkers. subscriber and don't miss out. is that the verse germany about to borrow to stimulate its economy wall street thinks so and into a wild week with the gate but don't count out markets custom is a. correspondent. and one of germany's best known brands turns 70 we'll show you what a long profitable journey it's been for audi dos. this is your business report i'm

stephen there's a but thanks for joining us. stocks on wall street climbed friday as investors looked to end a turbulent week on a positive note there's a great camera the dow jones industrial average ending the day up by just over a percent or a report that germany is open to an economic stimulus package helped bring buyers back to the market and it appears the berlin government is willing to suspend its balanced budget rules and take on debt now investors hope that europe's largest economy can steer itself away from recession. and let's go now to our financial correspondent in new york jose luis to horo was a good to see there so they every everyone's watching germany here why is everyone watching germany why are investors so interested in german fiscal policy. well

stephen as you mentioned even germany implements any kind of a stimulus it may have a recession or an economy get sick nation at a time that investors are you hearing wall street see growing financial ability of german households and companies germany is the biggest economy in europe and even if the european central bank will probably implement a fresh set of the stimulus effect may be limited sense we are already close to that effect inflow we're bound of monetary policy so the possibility of a push from a different skill side to make some markets and believe that the current downturn in germany will not morph into a long lasting crisis actually it could also help all the european countries and let's not forget that the e.u. is a key partner of the u.s. actually the u.s. that we has exported goods with $170000000000.00 so far the year until june seizing germany part of exporting goods that go to

germany. it was a let's pull back a little bit it's been a volatile week on wall street ups and downs which we make of this. that probably that ball until it is here to stay to say as stephen dumble until you do you mention it started over 2 weeks ago as u.s. and china trade tensions escalated over dose 2 weeks we saw for the 2 wars trading sessions held this year so far and the key to end these are still resides on the resolution of the ongoing trade war between the world's 2 biggest economies also what will happen with the trade negotiations with the european union and japan and if the federal reserve will go ahead and cut rates also if i know the deal breaks it will end up materializing time from all the geopolitical tensions going on like iran north korea hong kong among others was a lose to horo in new york for us thank you.

not for sale that's the message for us president donald trump from the people of greenland all 50000 of them reports that the american leader was interested in buying the sparsely populated but resource rich island raised eyebrows drew criticism and even prompt a response from governing denmark this is what the vast majority of greenland looks like expanses of ice cover 80 percent of the world's biggest island reports suggest president trump in his quest to make america great again as a multiple occasions discussed buying the autonomous danish territory for the us apparently with varying degrees of seriousness denmark's prime minister tweeted to say the suggestion could only be an ill timed a proof. of the danish politicians have been equally dismissive. behind carry out we have a clear deal with greenland is that they decide their future so we clearly can't

just sell them to some rich guy in the us the freedom of the air ticket this thing is that there are $50000.00 greenlanders with danish citizenship who suddenly is supposed to be sold what an insult. and the greenland is themselves don't seem any more impressed he could buy anything i guess this is what he thinks he can but. you can't it doesn't feel like he understands. the reality and it's stupid so why would president truman be interested in buying a place with a population less than a 10th that of washington d.c. where the island is rich in various minerals including coal zinc copper and iron ore or perhaps he thinks it could provide a handy strategic outpost whatever his motivations may or may not be denmark's response suggests he'll have to put the idea on ice let's take a look at some of the other global business stories making news. general electric

stock rebounded friday after the company's c.e.o. bought nearly 2000000000 dollars in shares as well as market analysts speaking out to defend the company's financials shares in the us industrial giant had plummeted thursday afternoon counting expert accuse the company of concealing huge losses. turkey's military pension fund has reached a provisional agreement to take over british steel it hopes the deal will close by the end of the year britain's 2nd largest steelmaker employs 5000 workers and another 20000 and directly it was put into compulsory liquidation in may when its current owners fail to find new funding. now to a small town you've likely never heard of in the west of germany after world war 2 u.s. troops were station in. but as the soldiers left entire apartment blocks stood empty until 2 entrepreneurs came up with an idea building a base in germany for chinese businesses will long as he gets to do business in

europe to do it he's moved through this family all the way from the chinese megacity of june to hop staten vires in southwestern germany population 3 and a half the. first summer her hopes are the worst. is instantly google google map it on the google map like you have to assume very very big to see. provincial backwater no more often biased but is now home to the headquarters of the world's factories a site with office blocks for 300 chinese companies who are trying to break into european markets with party paraphernalia plastic articles chinese wine or in will long's case medical technology the us supplies most of the equipment for genetics labs in germany will ones company holds only 10 percent of the market for

now i can show them their products in china the same machine can do the same seeing state which made in china can do like much better work in much cheaper. me your se. that's my go. take years ago jane who in turn to their shots came up with the idea of attracting chinese companies to sedate little hops didn't vires buff their campaign highlights its central position in europe the countryside for low costs right now they're busy planning another 14 office buildings on the site. nowadays we already have around hundreds units and in the future we have the vision we want to help 500002000 now it's a vision i wouldn't describe as megalomania perhaps it contrasts with the region that could well be. and the region has changed since the newcomers arrived.

no one in 4 people living here is chinese. and they're popular with the locals. i pass them and greet them politely and they greet me back hello it's an international greeting and it always works. in that they're all relatively financially well off. so they're not bringing any economic problems in with them instead they benefit us economically. who will warm invested 250000 euros in coming to germany even buying this car ferry he says the chinese prefer accumulating property rather than paying rent soon he wants to buy his own apartment here because it's also a lot cheaper here than back home. it's one of the most recognizable logos around the globe the 3 stripes of us 70 years ago after a german shoe maker named adi da floor opened his 1st factory is company has become

europe's largest sportswear manufacturer today i did ask employees 57000 people around the world and generates annual sales of 22000000000 euros the vast majority of it from outside germany a long way indeed from just shoes. this is how added ass sees the future automated digital and fast but this is how it all started in august 1949 at the tassler open to train a factory with 47 employees within 5 years he was world famous when with the help of his flat football boots germany performed the miracle of burn and won the 1954 world cup. to this day out he does still has its headquarters in bavaria but it looks rather different than it did those decades ago the main building looks more like a sports arena sports in the workplace is encouraged and there are no more fixed offices that he'd asked has grown into

a global corporation of its 6 board members just 2 were german its c.e.o. is danish and countless international stars have been welcomed into the attic asked forward such as alpine skier mckayla schiff friend go for sergio garcia and american football arran rogers argentinian football star the n.l. messi has also signed up. however the modern focus is not just sport but lifestyle production. thanks for watching. the full.

show for journalists to discuss the topic. for 3 years this week to focus on kashmir one of the most beautiful and most troubled places in the world now india has revoked the region's long held autonomy and some little talk is of conflict so

how bad can things get find out on puerto rico short. 60 minutes. from victims of the foot is leading here for details you claim to talk about. this starts october it. morphs alex hohl we have come let's have a look at something of a match surrounded. still shaking in that group who could breathe a sigh of relief so you don't want to miss this. guy. g.w. . so west europe the europe is in crisis. if it's to have a future it will meet champions young champions. lead me philanthropists your country. your function should.

do they stand a chance of going to save the courage an idea. to get on you to stand up for values and contribute to something important. future of europe starts september 2nd on d w. live. is the state every news africa coming up in the next 15 minutes brutality on the streets symbolically and please these opposition supporters who these for the protested despite a bad will we see more seems like this in the coming days the m.d.c. has vowed to continue the demonstrations. and comic relief for the ones who have lived through hard losses in the central african republic are using p.s.s.

to make people aware of the new paltz destine set up to prosecute war crimes committed in the country talking to.