is dead averse germany about to borrow to stimulate its economy wall street thinks so and it ended a wild week with again but don't count out market pessimism we'll talk to our correspondent. and one of germany's best known brands turns 70 show you what a long profitable journey it's been for us. this is your business report i'm stephen beers in berlin thanks for joining us stocks on wall street climbs friday as investors look to end a turbulent week on a positive note the dow jones industrial average ending the day up by just over one percent report that germany is open to an economic stimulus package helped bring buyers back to the market it appears the berlin government is willing to suspend its balance budget rule and take on debt 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 say everyone everyone's watching germany here why is everyone watching germany why are investors so interested in german fiscal policy. well stephen as you mention even germany implements any kind of a stimulus that may have a recession or an economy get sick nation at a time that investors are you hearing wall street see a growing financial vulnerability 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 it's in fact may be limited sense we are already close to that effect of lower bound of monetary policy so the possibility of a push from a different school side makes it markets to 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 this 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. probably that volatility is here to stay to say as stephen you mentioned it started over 2 weeks ago as the u.s. and china trade tensions escalated over dose 2 weeks we saw for the 2 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 no deal breaks it will end

up materializing time from all the geopolitical tensions going on like iran north korea hong kong among others as they lose to horo in new york for us thank you. not for sale that's the message for u.s. 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 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 but 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 joke for the danish politicians have been equally dismissive. behind 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 if we there may be a ticklish 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. stupid so why would president trump 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 and hopes the deal will close by the end of the year britain's 2nd largest steelmaker employs $5000.00 workers and another $20000.00 in the rectally it was put into compulsory liquidation in may when its current owners failed to find new funding. and now to a small town you've likely never heard of in the west of germany after world war 2

us troops were station and hopes. 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 one is eager to do business in europe to do it he's moved with this family all the way from the chinese megacity of gwangju hop staten vires back in southwestern germany population 3 and a half hours. through summer her about so hot so the worst part is instantly google google map it on the google map like you have to assume very very big to see this. provincial backwater no more. than buyers 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 case medical technology the u.s. supplies most of the equipment for genetics labs in germany will longs 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 scenes which made in china can do like much better work much cheaper. me your ac. that's my god. 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 above 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 in

a future where we have the vision we want to help 500002000 now with a vision i wouldn't describe it as megalomania perhaps it contrasts with the region that could well be marked with a line. from the region has changed since the newcomers arrived. now 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 store 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 at a gas sees the future automated digital and fast but this is how it all started in august 1949 ad the tassler opened a train a factory with $47.00 employees within 5 years he was world famous when with the help of his flat football boot germany performed the miracle of burn and won the 1954 world cup. to this day added a 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 ask has grown into a global corporation if it's 6 board members just 2 were german its c.e.o. is danish and countless international stars have been welcomed into the 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 mainly happens in asia where it's cheap but 3 years ago the company shifted some manufacturing back to germany with a fully digitized factory a 2nd has also opened in the u.s. where customers can order shoes in the morning and wear them in the evening.

the founder and visionary at a dazzler would surely have taken pleasure in such innovation. thanks for watching .

climate change. environmental. biodiversity species conservation exploitation equality. human rights displacement. current. global 3000.

this is the deputy news africa coming up in the next 15 minutes brutality on the streets. symbolically and please these opposition supporters who peacefully protest it despite a battle will we see more scenes like this in the coming days d.c. has evolved to continue the demonstrations. and comic relief for the ones who have lived through horror also.