with unsustainable debt. and what you get when to take titans mate to ali baba's jack monitary says iran could get a little uncomfortable. and been fizzling let's do business investors are looking for risky assets this friday as they hold high hopes for next month's trade talks between the world's top 2 economies as despite last month's talks in shanghai producing no sign of progress and despite washington firing off the next round of tax hikes this weekend let's run you through where where at in this tit for tat clash of economies it all began at the beginning of last year when the u.s. imposed a 25 percent tariff on $15000000000.00 worth of high tech chinese goods the dispute escalated in september when washington hit beijing with a further 10 percent tariff on another $200000000000.00 worth of chinese imports the list of items affected was $200.00 pages long and big read fast forward to may

of this year and the tariffs on those goods sharply rose from 10 to 25 percent earlier this month trump upped the ante yet again announcing a new 10 percent tariff on $300000000000.00 worth of chinese goods added ounces another 5 percent hike effective from this sunday for some products others at the end of the year those last juvies would follow the whole important holiday shopping season but by then nearly all chinese goods entering the u.s. would be subject to punitive levies so far china has always retaliated in kind but may not prior to their next meeting in washington. the statements from the chinese trade ministry sounded like china is eager to end the trade war they stated that they'll be discussing the tit for tat tariffs with the us side in september. for all the fun just china would have plenty of opportunities to implement

countermeasures but in the current situation we believe that we should 1st discuss suspending the newest tariffs on chinese products worth some 550000000000 us dollars we have to make sure that the trade war doesn't escalate to. the next round of us punitive tariffs goes into effect on september 1st international markets see beijing statements as a positive signal that both sides can find a solution to the conflict stocks rose and u.s. companies like apple that are dependent on chinese components and apple in-house study shows that the technology giant's dependence on china has grown strongly in recent years almost 48 percent of the parts for apple products now come from china . as it has been a is holding forth for us in frankfurt i thought why wouldn't beijing retaliate when these new tariffs come into effect on sunday. well when they haven't confirmed

that they wouldn't retaliate but yes there certainly are these indications as you heard about from the commerce ministry spokesperson the experts perhaps beating is being more pragmatic in its approach or because it feels that this time around the latest round of terrorists is going to affect consumers in both countries and escalation is not good for both sides in this trade war and but there is another reason also because the goods that beijing is starting with the $75000000000.00 and with the additional 10 person tariff on them are these good to find alternative sources for these goods for the chinese phones is going to be really difficult for instance it includes of planes aircraft and right now they're buying planes from boeing and chinese airlines will find it extremely difficult to shift their orders to everest which has its hands full already but actually just tell me from your perspective there in frankfurt why would washington back down and drop any tariffs

when the to make meet next is it's too much to expect of him who knew nobody is saying that at this point time washington would actually bag down from the from the tat it's in fact it does not intend to bad don't even when the deal is reached in that has been a major bone of contention. at this point of time i think trump is convinced that the strategy that he is using is bearing food he's definitely can see convince that's why he says 3000000 jobs have been lost in china because of these tariffs and even when they are north supporting documents too that if a negotiation is are still deadlocked investors are hopeful as i mentioned of a breakthrough but what is the reality. it's a little bit of board that talks are deadlocked because there is no confirmation as of now where the september talk is going to happen they have been suggestions from

the treasury secretary steve newton that a delegation is going to come to washington from china but there is no clarity if that is in september or not and there's also a reason that the markets are at this point of time desperate because any positive news on this front just lapping up. it's just a positive perception and they're just willing to take it at this point of time as opposed to the analysis there at the frankfurt stock exchange thank you very much. well the head of africa's development bank argues that china is not trying to lead the continent into a debt trap japan's leader has criticised the loan conditions beijing offers african countries at the tokyo international conference on african development she says instead japan is focusing on providing high quality infrastructure funds including trade insurance to spur private investment. ports airports railways and roads many african nations need huge amounts of capital to upgrade their

infrastructure china is the continent's biggest investor by far japan is trying to play catch up at the last 8 summit in 2016 japan pledged $30000000000.00 in public and private funds for infrastructure education and health care its struggle to reach not a mind to a general lack of interest from japan's multinationals still the government in tokyo doesn't want to leave africa saddled with chinese debt which japanese officials say has strings attached go on as the president of the african development bank pushes such concerns aside i don't think there is a deliberate plan by china to any country at all but i think china is fulfilling a very important role which is in times of you know infrastructure so. he says these 2 economies shouldn't come peace but play complementary roles in filling africa has massive funding gap. the development bank puts the financing short full

for things like alec tricity grids and transport taishan networks as about $100000000000.00 a year. i don't think i want to be hosting this next podium discussion to sheer huge egos sharing the spotlight with 2 very different views on how technology especially artificial intelligence will shape our future welcome to the stage alibaba founded jack ma a test the chief executive in long musk. to 2 tech billionaires use their 1st public joint appearance to talk about the future they disagreed on nearly everything china has made artificial intelligence a big part of its effort to become an innovative industrial center jack ma believes ai poses no threat must thinks it's him balding faster than our ability to understand us. people like us street smart we never scared of that we think it's a great fall and we will and change ourself to embrace it i don't know man that's like famous last words. and surprisingly the 2 men steered clear of u.s.

china trade tensions and focused instead on topics ranging from mars to education to work hours so you know things are going way more smarter than the past or you smarter so that's going to continue we're not the last half an evolution so the most important things like i said the most important mistake i see smart people making is a searing that they're smart they're not. were china's richest man in the tesla boss did agree was a population instead of too many people he said the biggest problem the world will face is population collapse. interesting stuff actually i think i would have liked to have heard that podium discussion now to some of the other business stories making news and government protests continue to put a damper on hong kong's retail and tourism sector is both a key industries for the territory in july retail sales sank by the most since february 26th in social unrest voting consumer sentiment and visitor arrivals have

started to fall a sino us trade war it is also not helping. prices in the $1000.00 country euro zone remain low inflation was just one percent this month well below the european central bank's target and unchanged from last month analysts believe the bank will further rings monetary policy next month. and uganda redlines has revamped itself and is up and fly again it comes of the 2 decades of lying dormant you know flight to go from a to b. international headed for nairobi uganda prime minister says it will ease access to the ugandan. india's economic growth has slowed for the 5th straight for her in the able to june period to 5 percent that's the lowest in over 6 years it's another blow to prime minister narendra modi's government expansion in ages the 3rd largest economy was down from 5.8 percent in the last 4 it was lower

than what analysts were predicting. despite the slower growth numbers more and more indians can afford a smartphone in other parts of the world demand is either stagnating or shrinking at demand in india is growing exponentially. a new smartphone for many buyers in india it will be their 1st smartphones are in high demand for their. last year almost 150000000 smartphone what forward out of that 80000000 smartphone users were the 1st band uses but there's tough competition on the market most buyers aren't looking for high end apple or samsung phones they prefer less expensive models from chinese or indian companies. a large part of our country has not seen. a computer. and their buck that trend and directly move.

their script laptops and computer to and directly more of those locked horns so far about 350000000 of the approximately 1300000000 people in the country have smartphones for smart phone companies that means plenty of room for the market to grow. $5000000.00 english company has on earth thousands of ancient silver coins wait for it they're worth $6000000.00 the whole discovered with a metal detector includes red pennies dating back to the year following the norman invasion of tends to 6 discovery was made in the southwest english county of solace it should the coins be declared a national treasure the couple and the landowner would be entitled to an equal share of their present. nice doing business with it.

my colleague. my male and i'm dave on the ground news delusions are much closer explosive devices and stuff so based on the success or a lot of climate change in the return of. only $0.03 check out. welcome to the girl max knew to channel. a good line of story. with exclusive. and a must see concerning parts of culture to your. place to be for curious minds. do it yourself networkers. so subscribe don't miss out.

all we can be the generation that ends it good malaria must go on so

millions can live. this is e w news live from but i am on call thora g.'s why does my crackdown on democracy activists so often months of turmoil lisa writes from an approach that says including joshua long dead charged with inciting people to join an illegal gathering then released on bail the government has already denied permission for a major mall on saturday. or so coming up it's expected to be

a rough weekend for german chancellor i'm going to tackle the british key regional elections to german states are.