august. after 2 and usually dry summers and harvests farmers in central europe have to adapt their methods. have to do business asia and then thanks for joining us and we're starting with the latest events in hong kong was shares ended the week with a healthy rise despite the ongoing protests investors it seems were interested in the upcoming speech by u.s. federal reserve chairman jerome powell later today than the current tensions with mainland china now others in hong kong's financial sector however felt it is time to take a stand and make their voices heard. they usually spend their days combing through numbers and balance sheets but today thousands of accountants hit the streets of hong kong in a show of solidarity with anti government protesters. as i saw the i believe that most of the people in the accounting industry have been silent and quiet as we need

to get the number right as an accountant but today we can't stand by and watch anymore as we've been waiting for the government's response for the past 2 months. the series of demonstrations began in protest against a draft law that would have made it easier to extradite suspected criminals to the chinese mainland the autonomy's region's head of government has said the bill is now dead but the marches have continued with the protesters demanding its formal withdrawal the accountants say they have good reason to join the demonstrations the account is one of the profession which would be very much affected by the bill if it were passed so i do think the profession as a whole need to come out and express their concern and grievances officially though the major accounting firms that employ them continue to toe the line with the chinese government in beijing in interviews with state television companies have distanced themselves from the protests. we know that hong kong is an inalienable

part of china no one can ignore that fact the why has always supported the one country 2 system approaches as well as hong kong's constitution says we are against any type of illegal action as well as any form of violence from the demonstrators are now also demanding an independent investigation of police deployment in earlier protests. earlier today i caught up with a saying line he's head of program economic research at the merrick's mccotter institute for china studies here in berlin and he's just returned from hong kong to brief german media about the economic fallout from the unrest there i asked him if hong kong is running the risk of losing its appeal to international investors. hong kong as a global financial center has already taken damage in this particular is not so much from the protest itself but from china's reaction to the protests the

political pressure that was put on companies such as cathay pacific are part of political influencing of companies and as a global financial center it is essential to remain or have the free capital controls obviously but also have a functioning rule of law in this interference in influencing political influencing of companies is eroding some of the essential institutional foundations necessary to have a global financial center but is this part of china's strategy is that it is interest to make hong kong less appealing it should not be in its economic interests it is vital for hong kong to operate is a gateway to global financial markets rest of china has strict capital controls in place and as chinese companies are increasingly internationally active it is vital to have a functioning international global financial place nevertheless as you mentioned china is putting pressure on business also international business and some have

caved in already what exactly is beijing willing to do to companies that are not complying other really willing to cut ties with even big players or individual companies are not in a good position to react much to chinese demands to counter chinese demands most of the companies have economic interests in china in the companies will be very cautious not to threaten their businesses in china itself and of course a lot of german companies are also operating in china i think the number something like 6 or 700 different companies there you've just returned from hong kong what would be your advise what do they have to prepare for. they wanted to prepare that hong kong. economic autonomy is increasingly being eroded and the world the special status that hong kong has also for global international companies is is changing in a manner that they're becoming or hong kong is becoming increasingly like

a just any other chinese city but of course hong kong so far has the special status and this one country 2 systems status is due to end in 2047 that's still some time is beijing speeding things up i think the latest developments are certainly efforts to accelerate this process but it should also be clear that one country 2 systems was never a status quo it was a fluid process and china has over the past years are very trying to influence and to apply its own interests in hong kong i think this is something that now is a reality many are just waking up to the next segment thank you so much free time. the forest fires in brazil could also set of the trade agreement between the e.u. and the mare course or countries ablaze ireland says it will block the deal unless brazil takes action to protect the amazon rain forest irish prime minister says

there would be quote no way that ireland will vote for the e.u. no causal free trade agreement if brazil does not honor its environmental commitments. on it's get some market reaction there from our financial market correspondent in frankfurt i lent threatening that the. trade deal what is at stake. well what's at stake is the largest common market the largest free trade zone of this world combining or bringing together $780000000.00 citizens or consumers and the 2 sides combine america's sore in latin america and the your european union have a combined g.d.p. of around about 18 trillion euros but that's only the numbers of course the political importance of this deal is much higher in times where america

plays america 1st the merkel sore and e.u. deal sort of showed that a multilateral approach that has in mind the benefit of all sides is feasible another topic which of course affects a lot of sides not only brazil is the wildfires in the amazon in the rain forest their president back home who's hosting the g. 7 summit is convinced that this affects all of us its effects with the world climate and of course our economies and that's why the world's leading industrial nations of the g 7 should talk about them and deal with them and tackle them they have a lot to talk about i believe because another important topic at the g. 7 is the u.s. china trade war and there has been a new development. yes this afternoon we got flash news reports out from china that it's planning retaliation against the united states and form of new

tariffs on $5000.00 more you as products worth $75000000000.00 u.s. dollars this cost the german share in next tax year to progress from the positive side into negative territory and of course it sort of reminded everyone that the 2 biggest players coming to the g. 7 summit r g g g g g m ping and donald trump and that trade topic will be the most important one i'm afraid you're right there god was in the reporting for us from frankfurt thank you so much. was staying here in europe the unusually dry weather has had traumas caught in spain italy poland and the baltic states a corn harvest used to feed livestock was west effect it's beginning to adapt to their methods that after 2 summers mocked by drought. on warm days when fried lakes gives this cattle a cooling shower he knows that if the cows get too hot they produce less milk he's

also worried about being able to feed his entire herd this year's harvest is so meager that friedrichs will have to sell some of his 300 cows. it was at the close particulars and i have to find a short term solution which means $30.00 to $40.00 animals and i have to do something about the feed situation it's the only way to react quickly and as this is isis of us when my it's nearly 20 friedrichs is expecting a disappointing harvest the ground is bone dry and there's been little rings in seas so the fields. for the corn stalks are not as tall as in previous years but what matters most is the cob which in some cases hasn't grown at all if there is one it's very small. the whole new approach to tackling drought is to treat the corn grain before sowing and to arm it against a lack of. separate taishan with a bluish layer that binds the moisture to the seed. over time the

protective layer then biodegrades in the soil without leaving any residue the coated seed is new to the market organic farmer close him of a house has been testing it for the past 3 years and is satisfied with this year's corn harvest. the year id i'm trying to back this sooner they start growing the better the root development they grow really deep and that ensures that the plant doesn't travel up when there's a temporary drought they can survive longer. than is on them everything and go ahead he really thinks the coated seeds could boost his yield by at least 5 percent enough to feed all of his 100 cattle you definitely buy the more expensive seeds in the future. this is site is not undemanding con you have to do whatever you can. and if the price is still affordable. the special coating costs around $20.00 euros per hectare. increase in harvest will be worth it.

to. spend felix on the other hand is like most farmers in germany he feeds his lifestyle meal a concentrated feed as a coin substitute that costs an extra $65000.00 euros a year he can only afford to do that one more summer reducing his stump further is not the solution this summer there are around $300000.00 fewer cattle in germany than a year ago so it's clear farmers will have to make substantial adjustments to adapt to climate change.

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life from the g. 7 meeting. some of the action dodging locals in the fall to the crisis with iran and international trade. donald trump spent with his host french president michel and the trade war with china can derail everything. the british prime minister might use the occasion falls great show crashed some reporting from the g 7 meeting in life for d.w.i. news slamming the tourist guide for germany's. i love berlin. 50 nations 50 story and 15 very clear berlin's very best feature. book now planet for our hero max series every week on d w.

s.o.s. europe. if it's to have a future champions young champions. are going to. play me the activists run for the country. they are fighting for the dream of a united church of. the can they save europe play most of my money to stand up for european fantasy and contribute to something important to succumb that shifts the flavor.

of europe starts september 2nd on d w. place . this is d w news live from the european union on a collision course with brazil's right wing the president has a record number of wildfires in the amazon rain forest rage out of control and a huge south american trade deal could be blocked over shy of us in our east inaction the french president of my new way back home pulls the blazes.