lisa bloom entire book travel now amazing tiger woods the. signs of life germany's economy a new survey shows things chugging along quite nicely so what happens to the predictions of doom and gloom last the man behind the numbers. the world's top 2 economies talk trade again u.s. vice president mike pence throws the cat among the pigeons with an un tacked on china. south korea says it will stop trying to benefit from its developing nation status the u.s. complains rich countries again mean the world trade system and back in course the

edge of the samsung electronics empire is corruption case is up for review. i'm going from one place to business and you study shows europe's economic engine is stabilizing and that's despite so much uncertainty surrounding the future of global trade and the potential fallout of brags that the business climate index has just been released and economists surprised they were expecting morale to take another hit instead it's holding steady many businesses actually expect order numbers to grow over the next half year germany's export refined economy has been suffering from slower global growth and business uncertainty caused by some governments protectionist measures. and we can get out to tens 1st president of the institute what has changed. oh yes we have a change in manufacturing so the decline in the evil in the eggs were mostly due to

a decline in manufacturing over over months and we now have a some of the stabilization in this very important area for the german economy one of the reasons bragg's it brags it has become a little less likely in the past 4 weeks we've seen that u.k. government that seems to be heading towards hard bragg's it started to negotiate and the e.u. side as also shown it's ready to negotiate so it seems both sides of finally want to avoid hard drugs that the chaos is still there but the likelihood of this such a very bad schalke has declined there's also at least no new bad news from the trade war frond with the donald trump saw these are factors that may have stabilized. the index so you reckon the outlooks a little better because i mean trade wars are still raging breaks it hasn't happened yet we have to remember that the backdrop to these numbers is quite dramatic what what sort of a crisis would you say we are then in. i mean these things are still looming

there's no doubt and this is a stabilization this is not a tunnel around we should see that very clearly but we also have to see the domesticity economy is going right to really where construction in germany is going well wages are rising employment is rising the government is spending a lot of money we have a fiscal stimulus this year after $22000000000.00 euros so all of us have allies in the economy so the doom and gloom was maybe a little exaggerated you mention fiscal simula say what about monetary stimulus because it hasn't germany been profiting or doing quite well thanks to the policies of the european central bank. well german companies the export industry has done well because of the interest of the policies of the central bank which has brought down the euro exchange rate savers of cause have not done so well banks have not done so well so the picture is really mixed the last round of stimulus the c

b now seems a little exaggerated we don't have a massive downtown in the eurozone but still the e.c.v. has taken all these massive measures and it seems a bit like using a sledgehammer to crack a not so we shouldn't exaggerate here what do you think of the u.s. president's criticism he says germany's getting an unfair trade advantage from what he calls the grossly undervalued you wrote when it is true that the us president has through his own policies caused an increase of the u.s. dollar the big deficit the tax reform has pushed up the dalai in the u.s. tax reform so if he changed his policies he would also bring down the euro zone's 1st president of the institute thank you very much for joining us from munich this thank you but it's the next round of talks in the bruising trade war between the united states and china the 1st punch coming from mike pace the u.s.

vice president accusing beijing of curtailing rights and liberties in hong kong and lashing out at american companies. mike pence wants u.s. corporations to stand firm or against chinese pressure he pilloried them as social justice champions which check their social conscience as the beijing store. and far too many american multinational corporations have kowtow to the lure of china's money and markets by muzzling not only criticism of the chinese communist party but even affirmative expressions of american values. in fiery rhetoric hence also claim that u.s. trade deficits had rebuilt china over the last 25 years and that the american people back washington's trade stance towards beijing when the largely agricultural phase one deal is signed the u.s. wants to tackle the more thorny issue of intellectual property theft and u.s. china trade talks resume on friday. let's go it's your jealousy the lady of

financial correspondent in frankfurt is tracking this story for us where are we at in this trade war vein it's been raging for what 16 months now almost. 16 months and it's still pretty early innings for this this trade negotiations so this is the also the 14th round of negotiations that are entering into this week and it's still phase one trump a souther there this this deal is going to come out over 3 phases and they're really sort of front loading the easy issue is in this 1st phase agricultural purchases. it's something that both both countries can sort of get behind the bigger issues the thornier issues are really being kicked out of the road for a later discussion so things like. intellectual property transfer is this is that a huge. issue with that with the us of. whenever whenever u.s.

companies set up in china they allege that they have to hand over their technology to 2 chinese joint venture firms so that's been a really big issue things like cyber security data transfers between companies that are set up in china trying to take the data out those are all really important issues that aren't being addressed right now so there are still a lot of a lot of bigger things here to think about but i think what beijing is thinking here is that you know trump is going into election year 2020 he really needs to be thinking about the economy and sort of the damage of the stewing so i think they're sort of hoping that that lights a fire under the u.s. to be more open to negotiating you know while we wait for an agreement on the text of this phase one. the whole time the global trade is being disrupted is a to me what sort of debt which are we talking about. it's i mean it's been

incredibly damaging to trade we have the world trade trade organization out earlier this month and they cut their outlook for global trade this year to the lowest level since 2009 we've also seen a ton of companies sort of warning about the effects of this you know caterpillar was out this week saying that this is hurting their business b.s.f. the german company also just warns that this is really impacting their prices and their sales so we're seeing really a global impact on the economy it's really slowing every every country's trade and corporate profits everything really shows you lately for us in frankfurt thank you very much no special treatment for us asia's 4th largest economy south korea says it's time to admit to its enhanced global economic ranking and stop benefiting from its developing countries status and future negotiations with the world trade organization bowing to reality or pressure so korea's finance minister's

announcement comes with global trade tension soaring. you get the bigotry of the we have decided not to seek special treatment as a developing country in future negotiations 1st we recognize that we have authorised he to negotiate sensitive items like rice or you know 2nd we will not for go developing country status itself only the special treatment in future negotiations in the german yaki which are many of them under world trade organization rules countries can identify themselves as developing allowing them to impose high tariffs to protect key industries south korea used it to shield sectors including agriculture like rice farming from foreign competition but holmes announcement that his country would not be giving up its developing nation status could be seen as trying to have things both ways and whether it's enough to placate this man is another matter donald trump has been strong arming friends and foes

over the issue since july when he wrote that the w t o was broken when the world's richest countries claim to be developing countries to avoid w t or rules and get special treatment nor more he tweeted. among his targets were china and south korea but saul says its decision reflects its own growing economic success and position as a leader in technological innovation. others say it's a result of trump's tough talking approach to shaking up the global rulebook on trade. and saying in south korea billionaire samsung and j. young is being retried on corruption allegations in $27.00 saying he was sentenced to 5 years in jail which was subsequently reduced and then suspended now the supreme court says the amount of bribes lee allegedly offered former president going to fair or undervalued. the league is back in the dock the vice chairman of

samsung faces every trial on corruption charges links to the 2016 scandal that sent south korea's then president to prison. i feel very sorry for causing concerns for so many people. 7 concerns about the future of both samsung and the country as a whole samsung is a multinational mega-corporation by sitting almost half a 1000000 employees its most famous for producing smart phones laptops and televisions. but it also builds ships office life insurance property and even medical cash the company is responsible for around a 5th of south korea's economic output so when some song sneezes south korea catches a cold 6 which is why this new trial is so significant and not just fine the j. young. and finally industrial action in greece is causing quite

a stake gob age is piling up to collect his went on strike against plans to outsource public services. job losses they've protested outside parliament where a raft of labor reforms is up for debate. greece exited its 3rd bailout program a year ago but it's still supervised by foreign lenders who want more labor market flexibility. but doing business of it.

after the fall of the berlin november 9th to w. . earth home to millions of species a home worth saving. google ideas tell stories of creative people and innovative

projects around the world ideas that protect the climate boost clean energy solutions and reforestation. losing interactive content to inspire people to take action the audience and series of global 3000 on t.w. and online. greetings from berlin and welcome to our news from the world of arts and culture i'm karen helms said and here's what's coming up on today's show. it's national library day here in germany and we look at the way at the ways libraries around europe are evolving into places and exchange and community as well as good old analog books. and violin virtuoso.

on to the scene in 1970 and has managed to stay true to herself despite the demands of life on tour. but we start off in istanbul with the 16th edition of the city's biennial which features more than $220.00 works by $56.00 artists a turkey has one of the oldest and proudest artistic traditions in the world and yet today with scores of journalists and intellectuals in prisons as a result of government crackdowns on freedom of expression the country can be a hostile place for contemporary art all the more kudos then for a show that continues to find ways to push the envelope. of the. continent echoing current concerns it's about plastic. catastrophe and visions of the future are. infused with a well.