says the struggle to survive the terrible suffering it was on syria to have an exclusive report from the us. this is business. as welcome a trade deal between the u.s. and japan is within reach at least according to u.s. president donald trump in a letter to the u.s. congress released by the white house trump said that he intends to enter into the agreement on tariff barriers and digital trade in the coming weeks the letter does not mention tariffs on cars and pads for a while a major sticking point between the 2 countries. well if there is one thing president trump hates it is a trade deficit and the u.s. has a significant one with japan last year it was $58000000000.00 that was america's 4th largest behind china mexico and germany mostly because of the amount of japanese cars americans by the president says the new trade deal must address that imbalance

as for the japanese well they're very keen to protect their car exports to the u.s. at one point president trump threatened to introduce a 25 percent tariff on japanese cars a key reason for japan joining the trade talks was to avoid that happening tokyo has existed a promise not to high cartels must be in the deal but at what cost to japan that's a question i want to discuss with michael penn he's the chief of the gets a news agency michael welcome how is japan going to pay for for that promise they want from the u.s. . well it looks maybe 6 months ago that it would be very expensive for the japanese because they didn't want to be into in these bilateral trade talks at all in fact they resisted for many months to to get into this by that will trade framework with with the trumpet ministration however

signs seem to suggest that that things have been going japan's way in these in these negotiations more and more particularly because the united states has gotten book bogged down with its trade war with china which is kind of left japan in a somewhat better position. what do you reckon who is more important for whom here which side has more leverage well you see that again that's something where 6 months ago you would have said the united states definitely was in a stronger position but no it's united states is weaker both because of what i said about the trade war china but a key point in that is that china targeted the u.s. farmers who who the trump administration donald trump in particular is going to need for his reelection effort and so now he's basically focusing more on his own personal reelection efforts as opposed to the position of the united states as

a whole so this means that if japan does things like buy corn from u.s. farmers they may get off much more cheaply than it was expected before my how do you see the chances for for the 2 parties to come to a deal. i think are rather high i think that trump statement to congress indicates that they've probably already reached a broad agreement and both sides want it just to say that they've won the battle and then they can move on to things which they what though through either move on to michael penn thank you very much thank you. well the united states and china to hold talks aimed at resolving their prolonged trade disputes on wednesday this man deputy finance minister. will lead a delegation to washington to pave the way for high level negotiations in october and upcoming trip has raised hopes that the 2 sides could be ready to come to an

agreement the conflict has seen the introduction of hundreds of billions of dollars in tariffs fueled fears of a global recession and it has one company that has overshadowed trade talks so far it's who are way washington has accused the telecommunications giant of spying and has banned american companies from cooperating with it while they didn't know is the allegation and is setting its sights on going it alone this week while i will introduce its new smartphone in munich the 1st one without the untoward operating system made by google and a few other missing bits and pieces. once upon a time it was a company little known outside of china now while away is widely recognized as the tech giant on the frontlines of a dispute between the world's 2 largest economies consumers may see it primarily as a smartphone maker it's the 2nd largest in the world after samsung but within the

telecommunications sector the company is known primarily for its prowess in 5 g. the next generation of super speedy highly reactive mobile networking. it's 5 g. technology that's raised the company's profile internationally 45 of the world's 50 biggest phone carriers use its network equipment but many countries most notably the united states don't trust walk away accusing us of being controlled by the chinese government and of using us technology for spying back in may this mistrust prompted washington to ban american companies including tech titans like google from operating with the firm the real impact that the u.s. ban is going to have i think will be on the software side. can be a global smart power if it does not have access to the android operating system not because of the operating system itself but because of the apps that are in the

operating system no one's going to spend money to buy a premium quality phone if it is doesn't have you know maps you tube google play but the u.s. has also made flyway increasingly determined to become more self-reliant last year it spent $15000000000.00 on research and development more than both apple and microsoft in august the company released a 5 g.'s smart phone that uses its own chips instead of versions made by qualcomm or intel. now the major advantage we have as well wait is that we make all the bits that go in there we have our own troops at manufacturing but makes all of the chips that go in each of these components we are not dependent on any other company on any other country to be able to produce all of this for a few equipment we can make it all ourselves we can make it all ourselves a poignant rallying cry from a company that finds itself in the middle of

a trade spot that has seen the world's 2 biggest economies turn ever more towards protectionism. wow is not only trying to go it alone the company has also outlined a strategy that could help it's to not fall foul of american foreign policy financial correspondent. standing by in frankfurt and has looked into this issue some say it's a valid peace offering from wall is well in the face of it get out it certainly seems as an extraordinary off who obvious market leading 5 year technology now it's ready to share with other companies and those companies can customize it to their needs and they can even change the software code and see for themselves that if there are any spying equipment within them or not so this is also this is him essentially at western companies and it's also an attempt at hap's

to call the president trying to bluff or if he thinks that there is something some sort of backstop in there why not try it out but it's difficult to say whether it would reassure president trump or not but. there is also a possible business model involved here perhaps it's a way forward for who are they when it's considering licensing it's a know how to other companies but haps it could use it for its how many operating system for mobile phones but there are many questions that need to be unsaid here how much is it going to cause to r.v.'s spend billions on his research and development certainly this really come at a premium then any sort of a package package will come at a premium and will it be providing abates there or not is it just one of where the nokia x. in would be interested in buying this they have been priced out by who of in many occasions so will they look at cheap alternatives being served by who are there so they're sick clearly many questions remaining. respond i think you are.

now to some of the other global business stories making headlines today apple has begun a legal challenge against an order to pay 13000000000 euros in irish back taxes in 26 the european commission ruled that ireland had artificially reduced apple's tax but effectively amounting to illegal state aid apple is expected to argue it followed us and irish tax law. terry goo the founder of apple supplier foxconn dropped his bid to become taiwanese president taiwan's richest man stepped down from the company earlier this year to concentrate on running for office but he failed to win the nomination for the china friendly opposition. 8 years of civil war have crushed the syrian currency back in 2011 you paid 50 syrian pounds for one us dollars today the official rate is above $200.00 syrian pasta

a dollar gas money is scarce pushing up prices on the black market crash against major currencies has made doing business in the war torn country face huge challenge surrounded by the scent of his spices mohammed's arco is growing more desperate by the day he knows when he lies down to sleep in the evening that prices will have changed by the time he wakes up. to belittle all in the variation of the exchange rate means that when i want to buy 50 kilograms of this or that product i lose 10 kilograms and i'm only able to buy 40 kilograms for the same price there's no stability so it's smart to wait a bit to buy in but if you wait your store slowly empties out. the syrian pound has also been hammered by the relentless years of war the same sions in place against the assad regime and civilians transferring money out of the country on mass throughout the conflict on the black market

a dollar now costs around $650.00 syrian pounds 13 times its price 8 years ago. the value of the dollar is increasing all the time prices change every hour so the customer who came yesterday and bought something at such and such a price can come back today and have to pay more for the same thing. so everything is growing more expensive including necessities like food many syrians no more dollars hoping to shield themselves if their pound falls even further. and that's it from me. more business stories check out our website to go to the call plus the full.

hijacking news. where i go wrong the news is me hi jack. journalism itself has become a scripted reality show it's not just good versus evil was forces them black and white. in countries like russia china church people are told it's that simple and if you're a journalist here and you try to get beyond that you are facing scare tactics intimidation and i wonder is that where we're headed is well. my responsibility as a journalist is to get beyond the smoke and mirrors it's not just about being fair and balanced or being neutral it's about being truthful. when he was for golf and i work in ego.

and i'm just i was got a brand new to the you from the bottom was pulled it's person it's device it's about topics that affect us all water pollution climate change and the turn. all of the real facts check out. frank food. international gateway to the best connection self and road and rail. located in the heart a few you are connected to the whole world. experience outstanding shopping and dining office and trialling services. biala gassed at frankfurt airport city managed by from.

this is the w.'s line from the israelis go to the polls for the 2nd time this year prime minister benjamin netanyahu fights for his political life with the threat of corruption charges and a strong challenge from former military chiefs. also on the program in the 50 people killed and scores wounded in 2 taliban attacks in afghanistan the president's campaign rallies targeted. action and.