goldmine of stewards. with exclusive. must see concerning startup culture in europe. the place to be full curious minds please do it yourself networkers please so subscribe and don't miss out play. live. how old fugit jeopardizes a country's modern day success the bank of korea warns that the trade spat with japan could cause major damage to south korea's economy we go to seoul for the latest. meanwhile japan is trying to work out differences with the united states to reach a partial trade agreement that would prevent tariffs on japanese cars. and well come to the robot restaurants china's biggest fast food chain now opened its 1st

branch kitchen on service staff are being replaced by machines. come to d.w. business asia i want to get germs and dylan good to have you with us south korea central bank has warned that to japan's recent decision to cut exports of tech materials could cause major economic damage the export restrictions relate to 3 materials that major south korean companies like samhsa need to make a semiconductor chips and to displace tokyo's decision to limit supply comes amid an escalating dispute between the 2 countries about compensation for south koreans forced into labor i just pan during the 2nd world war. or more let's bring in our correspondent in south korea. fabienne this is a dispute that just seems to be escalating i mean with seoul announcing today that it will cancel its intelligence sharing pact with tokyo where does all this lead.

actually this comes a little bit as a surprise because just yesterday the foreign ministers of china japan and south we're we're meeting in beijing to try to resolve the conflict but obviously to norway all the cancellation of the military sharing. doesn't have any immediate effect because it will still run until the 23rd of and then it will not get renewed but it is it's essential for the tri lateral alliance between japan south korea and the u.s. to turn out korea and now this alliance shows open rifts and to me that's also proof that the trade dispute is even expanding towards security issues which is quite severe and this dispute i can only imagine must also have an impact on sas korea's economy we heard that from the central bank today how damaging is it. well maybe not s. damaging yet as you might expect with a south korea was stripped off japan's white list of preferred trading hotness and

this is more of a symbolic move. often asians in asia are not on the wifeless observe and anyway so this will bring more inconvenience to us such as you no longer our approval procedures for exports but japan has also regulated the exports to solve we all 3 chemicals were really critical essential for south korea's biggest industry namely the semiconductor industry so japan could possibly consider up the south korean companies by james m. for example for some songs to produce semiconductors but this has not happened yet the 1st batch some exports have already been approved but the government you want to talk to some of the shows today they seem quite alarmed because it's a sensitive issue president going to end up south korea his popularity is really really weakening because of the domestic economy and just today the finance minister has announced that south korea may miss its target growth for this year of 2.5 percent and he blames the trade dispute with japan for it and how is all of

this going down with the people of south korea are they feeling the pinch and 2 are they blaming. well they're not getting the pinch yet but they are there's a lot of anger and but anger is directed against the japanese prime minister shinzo aba and according to surveys less popular in south korea the north korean leader kim jong il at the main reason is because be seen as a revisionist who glorifies japan's the colonial past under which south koreans suffered a lot and there's a channel for this and of it and that's the stronger message and tighter pay and boycotts and effects like all japanese business here and the central bank of korea has measured that in the last month the credit card spending on japanese products in the last month has tawfiq to only 50 percent what people spend on the japanese products it's really really messed up. all right. reporting for us from the south korean capital seoul on the current situation in that strange dispute between

south korea and japan thank you so much ringback. meanwhile japan has been tackling trade on a number front on wednesday the country's trade representative. helps talks with his u.s. counterpart in washington the aim was to lay the foundations for a bilateral agreement that would replace the now defunct trans-pacific partnership initial signs suggest the 2 sides still have a way to go. to meeting was billed as an important step toward securing a trade deal between the united states and japan the body language between japanese trade representative tom she meets him a take and his u.s. counterpart operate like hisor may have suggested hope of a more positive outcome than that which in fact emerged. after the talks the 1st in a series planned mo take the made this rather muted statement. we're going to the

negotiations have been very difficult because both sides have their national interests at stake. here the discussions have deepened but it remains to be filled . there are 2 major divisive issues tokyo wants washington to cut tariffs on imports of car parts and industrial goods that's something the u.s. isn't keen on especially after recent figures showed that japan's trade surplus with the u.s. had risen 15 percent year on year. for its parts the u.s. is calling for better access to the japanese agricultural markers and moves that may go some way towards appeasing u.s. farmers are already suffering because of the trade dispute with china. the u.s. you have bilateral trade is likely to dominate the discussions the 2 countries hold on the sidelines at this weekend's g. 7 summit in france.

dima plans to revamp a truck plants owned by its chinese joint venture partner for trying to build mercedes-benz branded heavy trucks in china under the plan a full tone that will reportedly adversely dispense branded actress heavy trucks to its production lines almost a dispense trucks currently sold in china imported the truck market in china is holding up well despite declining auto sales this is because of growth in e-commerce and improved in just 6 infrastructure last month protons parent beijing alto bought a 5 percent stake in diamond. and now to some of the other business stories making headlines. after 3 years of negotiations israel and south korea have signed a trained deal for israel it is the 1st with an asian nation after deals have been reached with the united states and the european union it excludes israeli settlements in judea samaria on the golan heights goods and services from companies

located in these regions will not enjoy any concessions on customs duties. corps british prime minister boris johnson is on a whirlwind tour through europe where he has met with german chancellor angela merkel and french president francois on my call johnson wants you leaders to reopen the brakes of negotiations sprint has rejected the existing withdrawal agreement and runs the risk of crashing out of the e.u. without a deal on october the 31st. dodge a bank has tightened up hiring procedures from now on c.e.o. questions evening will have to approve any new hires according to bloomberg only critical jobs should be segmented the move comes after bank of the bank introduced a sweeping restructuring plan last month cutting a 5th of its current headcount. ryanair is hit by strikes all over europe a court rejected a beach to block a 2 day strike by its u.k. based pilots they are walking out over pay and benefits beginning thursday the

budget carriers portugal based cabin crew also launched a strike on wednesday a court in ireland soared ryan or granted ryan air an injunction to prevent its irish pilots from going on strike. and the international space station is open for business during a 6 and a half hour space walk to us austin watts have built a docking port for commercial spacecraft the international docking adapted will allow the likes of space x. and boeing to send crews up to the isis with their crew dragon and starlight ships once you land. that ever wondered whether your job is safe or whether you'll soon be replaced by robots and to artificial intelligence well it's happened already in many factories and now humans are also increasingly being replaced at the service industry take china's biggest restaurant chain it's now opened its 1st branch where kitchen unset is stuff being replaced by machines. it's not easy to grab

a quick snack on weekends in beijing you need luck assertiveness and a lot of patience but waiting is all part of the game on a typical evening one of the largest restaurant chains has perfected the art of waiting at high be loud customers buy their time getting their nails done of course everything on the house management doesn't want anybody to get bored and now the company is committed to its 2.0 version opening its 1st smart restaurant in beijing everything here is digital the waiting room is a big computer game with a cinematic atmosphere everyone plays against everyone with the winners getting a discount on their meals this is the interior of the smart restaurant with a vision of tomorrow small robots are the attraction here they bring the food to the tables. customers place their orders with a tablet

a few clicks on the pictures and the meal is ordered. the data center director each of the kitchen the restaurant doesn't prepare fresh vegetables or meat itself the robots pack the orders on a tray. everything is already prepared in small servings and then thanks to a lot of i.t. and many scans it's delivered directly to the customers table. maybe a future we would like to poolside where is the y. sees in the red on the table and then you can very easily to communicate the ways of the device but even much more funny. the founders shang young a publisher the shy drop out started with the snack bar 25 years ago now he and his wife are billionaires their empire is worth more than burger king and he says he doesn't spare any cost on good staff. people for the rich who do move from the

search zone to others less such kind of a new open the restaurant was so instead of 4 we had. multiple in fact we have less people we need more people in progress at any rate the food is delicious that heidi loud there's only hotpot a kind of fun do a chinese national dish and that in all variations and with everything the customer desires. as a business update you from me in the team as always thanks to keeping this company .

gentiles and years of human history will soon disappear underwater. the time hassani jason southeastern turkey was funded by a huge reservoir behind the moon hydroelectric. one will happen to the local residents. become of the region's unique cultural heritage. scientists waiting for the flood. 30 min. it's all happening the looks of it a kind of. your link to from africa and the world. your links to exceptional stories and. discussions continue and will come to do something program tonight from born in germany from the news of the z.

town i would say d. w. it comes to africa join us on facebook at g.w. africa. s.o.s. europe. is in crisis. if it still has a future you will meet champions young champions are going. for activists who are countries. they are sleeping so to. do they stand a chance. safety good idea. oh my god i need to stand up for european values and contribute to something important that shit. future of europe starts september 2nd on d. w.

. this is the w. news live from britain's prime minister france's president told talks in paris. the withdrawal agreement being negotiated with me irish backstop scrapped the president not cross describes the fact indispensable though he does hold out hope that the deal can still beat up also on the program 10 years in jail for the migrant convicted in the stabbing death of a german last year which sparked riots in the city of captives. brazil's.