this is business. as well. could the unrest in hong kong be the undoing of progress towards a u.s. china trade deal beijing has responded furiously to us vote calling for democracy in hong kong the communist government said it would do whatever was needed to safeguard its rule over the territory after the senate and washington unanimously passed legislation aimed at protecting human rights in hong kong and threatening to revoke the territories special trade privileges with the u.s. in the event of noncompliance. and it's slightly in the red wednesday morning saying index slipped about 7 tenths of a percent. in washington president donald trump won't he was prepared to escalate the trade or if no agreement could be reached. the relationship with china will see what happens but i'm very happy right if we don't make a deal with china i'll just raise the terrorists even higher thank you very much.

that's not a clear threat from the u.s. president off national correspondent susan is in frankfurt let's talk about this. how much of a negative impact do statements like this the one we've just heard actually have on the financial markets. well there still is a short term impact of the markets but the markets also have sort of got used to this kind of rhetoric and i also have to say there seems to be a bit of a pattern also that the administration doesn't always live up to the harsh president of the to the house rhetoric of the president remember last week decision in the united states was jew on import tariffs on cars the white house had a deadline within which it should have decided but nothing really happened what's also becoming clear is that you know with an election year in the united states

next year and also with washington being so busy and preoccupied with impeachment inquiry against the president the administration in washington seems to be very eager not to poached too much of a break on economic growth that also is something that many people of many markets of this world are hoping for thank you commerce in frankfurt for us. china's e-commerce giant ali baba is set to raise almost $13000000000.00 in a secondary listing this time on the hong kong stock exchange it's any surprise says it's just over $22.00 that's a discount of 2.8 percent compared to the prize on the new york stock exchange alibaba is calling the i.p.o. quote vote of confidence in hong kong's markets it was planned for the summit but was postponed due to the unrest in the territory. now many businesses around the

world would like to see the u.s. china trade war resolved rather today then tomorrow but that of those that feel that it can benefit from the world's 2 top economies being at loggerheads take the indian german jewelry industry with the u.s. deciding to impose a 10 percent import duty on the products of chinese journalists the colleagues in india were hoping to get a portion of the $2000000000.00 chinese export pie that didn't pan out so far but some companies are making the best of the trade. this is painstaking meticulous work turning rough crystals into polished gem stones more than 150 gem cutter's in this workshop in giant poor process violet in the courts for use in jewelry the slightest inclusion or flow will lower the quality and that's something the small indian company can't afford to mena scrutinizes the gems she's being kept very busy at the moment he may have found the man i'm working or hours to meet the

extra demand i'm sure will get more orders in future and i hope it continues so i can earn more if you've got it and. most of the gems are exported to the u.s. and in recent months demand there has risen sharply the company's production manager sees the u.s. china tariff disputes as a contributing factor. probably got a job or is the hub of jewelry production. of the trade here was down a little while ago but the recent. trade war between the u.s. and china has increased the business juri production has almost doubled recently obviously that whatever. jet poor is the capital of the northern indian state of righteous down around 3000000 people in the city which is growing steadily many in the business community here see the trade war between the chinese and the americans as an opportunity they hope the region will benefit through increasing investment i

can see. a big chunk of business can come to india even the manufacturing can we ship it to him you know and particularly when i'm from there and recreate i think that lots of people have started coming. to explore the possibilities of albie can have a joint venture all they can set up our unit here. india's gems and jewelry industry is one of the largest in the world nearly 30 percent of all jewelry is made here. now it's a brand strategy from business standard in a moment by did this windfall from us the u.s. china trade dispute help india's jewelry industry on the whole. well not exactly there was a lot of expectations from indian companies as you just seen that their indo china china and use their trade wall will help india really exports but actually it does not happen in fact in the month of october of juli exports there in fact us come

down to almost 6 floors and then this trend is expected to phantom you for the rest of the well actually it would change in march or next year so what has happened is there's a black swan event of course a lot of fingers are showing james insurance was supposed to hong kong and as you pointed out just now in your program earlier of their home is going through are going to protest just like you think in fact in the 3 in between india and hong kong under 35 percent of india's they won't sell germany goes through hong kong and this is impacting the industry a lot. there there was some hope that other sectors of the indian economy could also benefit from the tussle between the us and china did that materialize well not exactly again no where there was a lot of or poor that we are a lot of how do in any economy for china and us are great when it's going to it's we were expectations that textile industry will do well from india.

and also they're expected. i think we're having trouble with the line to mumbai the city there from mumbai let's go to our next topic to a billionaire family is accused of getting rich off the back of the u.s. deadly opioid epidemic overdoses of the prescription painkiller oxycontin claimed an estimated 400000 american lives per due form of the soka own company which makes the drug is accused of downplaying the risks they've filed for bankruptcy and set up a 10 $1000000000.00 fund to settle out of course but that's not the end of it an associated press investigation has uncovered evidence that another sackcloth thumb is using the same methods to push the opioids into china's booming drug market. for 20 years oxycontin has inflicted misery and death on thousands of american

towns and cities it is an emergency it's a they're still a virgin see we're going to spend a lot of time a lot of effort and a lot of money on the opioid grosser in recent months lawsuits and a public backlash has pressured the drug makers to shut up shop and look for new markets like china where the sackler family would be pharma makes sense applied oxycontin painkillers to pharmacy was representative see they sold it using many of the same questionable marketing methods that sold the drug become white bread in the u.s. says its methods such as encouraging high dosages. high dosage the company stress that since m.s. contin and oxycontin don't stop working with constant use in patients could technically have unlimited dosages.

they were also encouraged to don't play the addictiveness of the drugs. first of all the companies training told us that it's addiction rate is less than 3 in $10000.00. working in sales the whistleblowers work to get skeptical doctors to stop prescribing oxycontin so. we cave doctors some gifts or invited them to give lectures and pay them for the next years in these ways we maintain good relationships with the doctors. next they say they had to get those doctors to increase the dosages higher dosages mean higher returns but it also meant higher risk of addiction and overdose the salesman whereupon the advice to go to considerable lengths to win business including disguising themselves as medical staff. the company required that in certain situations if it's allowed the sales representatives should wear the white courage

and sit in the meetings between patients and doctors or help the direct to write prescriptions was assumed to real incomes who. would be pharma unproved do pharma deny misleading doctors are using unethical marketing techniques. group is facing another lawsuit in the u.s. this time from one of its suppliers all the parts make a prevent $750000000.00 from v.w. for allegedly contravening competition law it has been pressuring folks fog for years in the summer when the 16 to prevent subsidiaries cut off supplies to v.w. brain b. auto giants production to a stop since then folks has been gradually dropping its contract with prevent which responded by trying to buy a v.w. small us suppliers prevent claims b. w. blocked its takeover bids breaching competition laws. talks

ended ending the strike i've been counseled at the last minute germany's biggest airline has been facing the largest strike in its history a local bar cabin crew forced thousands of flights consolations over several days flight attendants union better wages as well as improved conditions for tempering work. and that's it from me on the business team here in berlin from all business check out all websites those dot com slash business and on social media say june 14th news that's up next right after this quick look at global markets.

if it's big it's clearly. the biggest ship the biggest aircraft the biggest school the biggest car and so on. made in germany wants to find out what's behind this train. is bigger always better. and how will this affect our natural resources made in germany in certain it. takes a personal leave us. with a little bit wonderful people and stories that make the game so special. that all truth sounds. like such. a gulf war that's a long line just listen this is the sound of time passing as forests the size of

25 football fields a lost every minute adding to greenhouse gases but what is the sound of a tree not for us the sound of biodiversity tourism community development reliable food and water. the united nations development program is listening and working with communities to protect forests for the future we want if you're hearing what we're hearing find out mole. show hello halflings this is the new ball speaking when i come to the show with the ding dong xoai high end concerts with film lustrous guests rocking sounds. and an incredible location. tonight grows every weekend on t w. this

is. the. protesters. on the program. takes the stand. has previously told 2 different stories.