time to celebrate if you're single and buy yourself a gift to mark singles day in china. hello i'm monica jones welcome to business asia china's president xi jinping is in greece today to strengthen ties his visit comes just one week after the greek prime minister met him in shanghai for the 29000 international import expo where greece was the official partner country at 1st glance the asian powerhouse and europe's debt stricken member states make an even couple but they both seem to tend to the other's needs greece needs money and china needs access to infrastructure and one of beijing's key purchases in greece was a majority stake in the historic port of pereira's today china's gateway to europe . this is a carefully choreographed business the aim to showcase existing economic ties and to foster new ones. among the deals the 2 sides have already signed off on is

a 600000000 euro investment by chinese company cosco in greece's largest port of parade yes it's set to play a key role in china's math of infrastructure development plan known as the belt and road initiative. today will have the chance to visit the cost close facilities in prayers to see and examine up close the further development of this very important investment following the approval of the master plan by the greek government but our target is mutual for parades to come not just the largest ports in the mediterranean but why not the largest in europe after all it is already becoming the most vital transit hub between europe and the recent because of. the investment in parades as one of 16 business deals in curing the visitors and a reminder of just how close these 2 countries have grown over the past decade in 2000 and. neither when greece found itself in the grips of

a financial crisis it welcomes chinese investment. beijing for its part sees the opportunity to invest in a strategically important location at the crossroads of europe africa and asia. but not everyone sees these kinds of deals as an agreement between equals. in greece and elsewhere in europe there are those who are more wary than welcoming of china's growing influence. a massive amount of money flowing from beijing into government coffers in athens some however are worried so much chinese attention could have a son downside to anti karissa told us this from athens these ties over all between greece and china are being viewed with a critical eye and it is a difficult balancing act for the government here on the one hand it has to heed concerns being surrounded by washington which is concerned about growing

strong growing influence of china into the western markets there is concern also among the e.u. of which greece is as a member of. the e.u. is calling for stringent screening of chinese enterprises and is critical about greece. bringing in and providing access to china to the western markets at the same time though greece has to look at its own very interest in its coming out of a decade of a very brutal financial crisis and the new prime minister here to get a sweeter guy to use is business minded his his legacy is pinned on literally reviving the fortunes of this country jumpstarting the economy getting jobs going so china plays a very very important part in that so and also for example cosco which is

china's giant shipping operator. has played an important role it sunk as he said almost $2000000000.00 in investments here in greece and it wants to see in the chinese leader is here to see that being pushed forward and deeper expanding on these ties and the greeks will move ahead with this but with the type balancing act. at the carousel of their speaking to us from athens it has been a week now since a singapore banned electric scooters from sidewalks the decision came after a woman died after colliding with one of the vehicles the 2 wheelers have become a common sight on the streets with tens of thousands of people embracing them as a quick way to get from a to b. but concerns over safety have prompted calls for more regulation similar bans are

ready in place in france germany and in spain. well not always with a decided effect certainly going by what i see here on the streets of berlin let's find out more about the situation in singapore where andrea hang joins me now andrea what's changed since the ban was introduced last week well obviously monaco pedestrians are happier now with the ban it means a safer footpaths for them but really if there is one group of people that are really unhappy with this decision and that is that that's the food delivery riders which comprise a grab of food penda and deliver these are the 3 food delivery giants in singapore and a lot of singapore is dependent on quick and easy food options from the delivery writers and the delivery writers are using cheapo modes of transport i.e. the ease kutas to get around and depend their livelihood on these jobs and on these

personal mobility devices now recently right after the ban the government introduced a $7000000.00 grant to help these east go to writers treat in for an electric bike or a regular bicycle instead and i believe that you are actually using east scooters would you go for an e.p. bike instead. i personally actually don't really use an east ghouta i did once have a kick scooter which actually did not have any electrical components so that may be that may be something that other people can think about but i think i do see a lot of r.p.m. do users now switching to electric bikes because they are faster and less strenuous to use compared to the bikes and not forgetting some of these food delivery riders are not exactly physically able to push a pedal it bike so an electric bike might actually be

a better better suited device to use right but i mean what about the infrastructure there for bikes for scooters what kind of mobility concept is there in place i'm for unfortunately none of fish really in singapore larger vehicles rule the road and you scooters are not allowed on the road neither are they not allowed on footpaths now there isn't really an official commuting by clean in singapore severely lacking in infrastructure and we do have pop connected networks now these are parts that are shared between pedestrians as well as cyclists and any other device users to use in within parks but they're not effective neither are the. straightforward enough for commuting purposes so this is severe lack of infrastructure for such devices here well i feel that's a problem that we share in singapore and in berlin and other parts of the world

andrea hang there in singapore thank you so much. and now to some of the other business stories making news the u.s. federal aviation authority the f.a.a. has downgraded malaysia's air safety rating to a category 2 according to media reports the new rating means that malaysia's can either add new service is to the u.s. to extend existing once the carriers will also be subjected to additional inspections at u.s. airports. a judge in malaysia has ordered former prime minister najib razak to enter a defense as part of his 1st trial over the one and the beast scandal billions of dollars were stolen from the state investment fund told to the courts he plans to testify in his own defense. australia's main carrier quantas has pledged to achieve 0 net emissions by 2050 it's the 2nd airline to do so after british airways oh no i agee quantize is also investing about 30000000 euros in developing more sustainable

aviation fuel in. the united kingdom has avoided a technical recession after a contraction in the 2nd quarter of fishel figures show an expansion of point 3 percent in the 3rd still the economy is growing at its lowest annual rate it's 2010 . it is the 11th day of the 11th month and with all those ones flying around it is singles day in china but what started off as a day for lonely hearts has become a yearly online retail extravaganza led by shopping website alibaba and normally spending outstrips america's black friday and cyber monday combined this year has been disappointed so far. on the stroke of midnight the money started rolling in alibaba singles day usually brings mind boggling numbers this time sales surged past the 1000000000 dollar mark in a little over one minute. less than

a matter. superstar taylor swift front at the opening celebrations in shanghai or to persuade online customers to fill up the site the shopping carts online customers like wang lu who admits she'll buy things that she probably won't even use during. the day takes place in winter but many clothes on sale or summer clothes i don't wear them straight away i keep them for the next year but the next summer i don't like them anymore it was quite the tendency for people to overbuy has led environmental groups to denounce singles day as wasteful some shoppers plan to show a little more restraint this year. but. this time i'm only buying dana sensibly and not much else. in the past i just spent as much as they wanted to the best this year and being more rational with my day. singles day 2019

fines are something of a crossroads for the 1st time employees aren't being led by flamboyant co-founder jack ma to resign as chairman in september event also comes just as the company looks to raise up to $15000000000.00 in a hong kong share sale later this month meanwhile ali baba's latest global bid for funds seems to have gone to plan. and that's all for business asia here at u.w. for me and the team member len as always thanks for giving us company.

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this is deja vu news live from berlin hong kong's leader says the government will not yield to pressure amid escalating violence a warning comes after police shot and seriously injured a demonstrator in the latest pro-democracy protests it is the 2nd shooting by police since a protest started and she is. also coming up turkey says it is not a hotel for islamic state members as it starts sending foreign militants captured in syria back to europe and the united states. celebrations in bolivia ask.