well singapore is getting ready to launch a trial of self driving forces. but come to do business asia i'm going to get jones in berlin thanks for joining us political unrest in hong kong has prompted china to speed up its vast regional development program the greater bay area projects beijing us long planned this but believes the promise of strong economic growth will ease anger at hong kong which will lose its special status in 28 years so the government wants to make hong kong a key part of a cluster of cities in the pearl river delta creating a vibrant economic area chinese president xi jinping describes the greater bay project as central to trying us great national rejuvenating and hong kong is just a part of a greater plan. well let's take a look at to this greater bay area the scheme would see 12 cities in the area

linked up to form an integrated economic cop including showing saying how and who i'm sure the greater the area has a population off $70000000.00 and a g.d.p. of well over one and a half trillion dollars making it a potential rival to places like san francisco new york and tokyo and already a major investment hub hong kong would be the projects crown jewel the greater bay area already accounts for 12 percent of join us g.d.p. china also wants to develop a world class airport cluster in the greater bay area after a traffic is already greater than the figures for san francisco new york and tokyo combine and and then this shipping to 3 of the world's top 10 contain a ports are in that area experts see the plan as part of china strategy to catch up with the united states of america now for more let's bring in both are need a mark he's the chief representative

a german industry and commerce hong kong good to have you with us thank you for your time though obviously when you look at the sheer scale off of this greater bay area project it's very very impressive. you have so many big cities now and companies competing with each other with us leave hong kong. as a german saying goes competition is good for your business and many cities would be happy to have such a intell and so this is a huge opportunity for hong kong to be part of this great debate area concept you have described it perfectly suppose in the south of china comparable in economic size was russia so this is full of opportunities hong call and tell them it's not afraid of competition now of course we all know that it's not a smooth sailing these days also for hong kong and we also mention that special

status which will end in 28 years from now. right now you of course representing a german business in hong kong you've been doing that for years what is your feeling what's the current mood there. yeah ok sure we are concerned here what is the development in hong kong itself into the social unrest. honestly the german companies and that is because they have a real different business model here in hong kong which is a regional headquarters and so it's and sourcing offices. they are not that much affected yet yes they are sensitive to say seek advice and we as a chamber we are offering these advice the companies have contingency plans but. business life and actually as a hong kong resident i have to say also normal life as being not that much affected as the very ugly pictures might imply. and coming back to greater

bay area it is the beijing government emphasizing that the one country 2 system is a key element for the success of great debate area development and everybody wants the one country 2 systems principle to be of face fully implemented as beijing says and that means we keep all our freedoms here. free flow of capital logistics free travel freedom of speech and expression and of course rule of law. that sounds actually quite optimistic good to hear that i need a mike there chief representative at the german industry and comus in hong kong thank you so much for your time. thanks for having me. now the take over of u.s. agricultural giant one some 2 did not only cost by a billions of dollars it also led to lawsuits over the company's weed killer round

which is alleged to cause concept so far germany's buyer has lost every single round of related lawsuit and stiff fines have driven the chemical company to the verge of bankruptcy now by is selling some assets to still equate man's best friend is trending with incomes rising worldwide the demand for animal health products is also increasing now german pharmaceutical giant buyer is selling its animal health unit to u.s. based drug for a line call for $7600000000.00 the move will create the 2nd largest company of its kind for buyer animal health is only a small part of the group's business and 20 again it brought in revenue of around one and a half 1000000000 euros it's larger units include consumer health with 5400000000 euros crop science with just over 14000000000 and pharmaceuticals with almost 17000000000 euros selling the animal health division will allow buyer to bring in

some urgently needed cash the company has had a few rough months with multi-billion dollar lawsuits over the week killer roundup and its active ingredient life was said with phones dwindling and share prices dropping fire has recently moved to sell units not directly related to its core business of life sciences most recently it on loaded suntan lotion brand coppertone as well as its dr scholl's care unit buyers planning to focus more on its traditional divisions including pharmaceuticals and consumer health care edge and for some market reaction now let's cross over to our financial markets correspondent susan and the frankfurt stock exchange calling us is this move selling all of the animal health unit going to bias problems. well it helps at least to solve some of the financial problems the buyer has at the end of june biased total amount of debt was nearly $40000000000.00 euros with the sale of

this veteran mary drug unit with the sale of other assets that buyer has agreed on quite recently the total amount of debt will likely be below $30000000000.00 at the end of this year of course fire is collecting all this cash because it needs to prepare for the outcome of those lawsuits in the united states . if we take into consideration the huge amounts of money that the judges awarded to the plaintiffs in the 1st place of course this money would not be enough but it's likely that the total amount by it will have to be a pay will be much much less. in their reporting from the front of stock exchange thank you. and now to some of the other business stories making headlines. the founder of china's 2 away wrenching fay has urged staff to work hard to meet

sales targets as your why goes into battle mode in a memo he said the company's facing a quote live or die moment for a live or die moment following a u.s. clampdown on the company. another country is a punishing of folks martin for diesel gate south korea wants almost $10000000.00 euros from the german carmaker is charged with installing elicits device to cheech pollution standards the certifications for 8 models including the 2 a reg audi a 6 and porsche cayenne will be revoked. african swine fever has decimated the poor trade in china that helps some breeders to a healthy profit according to the chinese ministry of agriculture at least one 3rd of the market has been wiped out prices for hogs have now reached $200.00 an all time high. and there's that's twice the demand goes up after the summer months. u.s. presidents don't much trump has called on the federal reserve to cut its key interest

rates by the least a full percentage point over a fairly short period of time he said that would make the u.s. economy even better trump also attacked fed chairman john powell saying the economy was strong despite his horrendous lack of mission. and i would you take a drive at his bus across town that's what authorities in singapore wanted to find out as they prepare to launch a trial of self driving buses it's part of an ambitious plan to roll out autonomous vehicles across the city state so will it work. his days are numbered at least if the trial goes well this driverless bus is one of several vehicles that singapore is trying out next week as part of a scheme to promote autonomous truck force if you've ever wondered how the technology works here is your explanation the hope of those of us to get up using a walk or. even sing the praises of st paul said so but these

very same defused the. period of low almost bust where the way we. train. passengers can use an app on their phone to book the shuttles the destinations on offer during the test phase include a golf club the beach and a historic force. to scheme is just one example to illustrate what's becoming a growing interest in the south driving sector the global autonomous vehicle market is a ready worth an estimated $54000000000.00 annually a figure that's expected to increase tenfold in the next decade competition is ready stiff back and 2016 u.s. software firm new to know me launched driverless taxi trials in singapore piecing rival by a matter of weeks the company behind the current trial is hoping that betting on self driving buses will push years ahead of the curve. and

iconic dragon shape to beijing skyscraper confiscated from a fugitive chinese billionaire has been auctioned to online it was a steal at 662000000 euros congo plaza tower 5 houses a luxury hotel and overlooks the bird's nest olympic stadium authorities seized the 40 story building from exile tycoon growing we whose criticism of the communist government has angered beijing the building was sold on ali baba's online site and the winning bid was just half the value of nearby commercial real estate. submit your business update here in d. w. thanks so much.

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to you and how does tom taste to. me the correspondent susan a comment host. makes for the various flavors of the craziness our food fusion grand slam i am up to a challenge for you. tasty tied to the sword september 1st on g.w. . quietly. ality resounds michael lighten the mood. and. resonate when it's all. the mind and the music. a token 1st 12019 from september 6th to september 29th.

europe. what unites. what divides. the money and what's the driving force. what binds the continent together. the answers and stories aplenty. spotlight on people. focus on girls on t w. welcome to the book is the game here for details such a place to talk about. this stuff on coverage. more for. us or we have an acronym let's have a look at some of the other much surrounding the still shaking in their roof of the brief a sigh of relief so you don't want this to. just go to. g.w. . the fact that.

there's a d.w.i. from burleson at least prime minister announces his resignation as his coalition government disintegrates. giuseppi commentary says they blame for the crisis lies with the interior minister. nick through his party support for the coalition earlier this month we'll take you back to rome for the latest on the program britain's prime minister in the issues of fresh challenge for the e.u. tell say yes council president at the blocks plans to avoid a hard border in.