world series m.v.p. and 2017 now with this exemption found some players from both nations should be able to once again cross political and enjoy the sport they love. you're watching the news up next business with javier and don't forget you can always stay up to date with the latest on our website that's state dot com following us on twitter at news for now but i'm asking you how thanks watch. today's rule. 97. a historical turning point in politics business religion. iran the people of the islamic revolution. making its initial flirtation. strengths in states of emergency descent into

chaos cuckold for such a splendid chance of the people threatens the old order. the start of an era that defines our modest. $97.00 a big clue to today's steps december 23rd. waiting for an end to the trade war a deal between china and the us could take far longer than expected as president trump now suggests it can wait until after the u.s. election investors are not happy. also on the show when a surprise appearance facebook c.e.o. mark zuckerberg goes on the record asking well. coming government regulation.

inflation in syria spirals out of control due to the war making food imports impossible to afford. and it was a showcase project for china in africa so why is the mombasa nairobi railway struggling to attract customers. for business on the w m how you know i guess it's good to have you with us wall street saw a tough trading day as u.s. president donald trump alarmed investors by saying that a trade deal with china may have to wait until after the 2020 presidential election one year from now during a visit to london trump claims that china was keen to agree to a deal now but that he was in no rush and was happy to wait markets have been hoping for an end to the us trying a trade war by the end of 2019. and speaking of tariff summit a fresh confrontation between him and when a call and donald trump over nato a new trade dispute with the e.u.

seems more likely than ever french economy minister borno lemanis said a u.s. proposal to increase duties on french products like champagne and cheese is quote unacceptable the tariffs announced on monday would be a reprisal for a new french digital services tax that would mainly hit american companies like google facebook and amazon. french wine and champagne are always popular in the united states last year alone france exported some $3300000000.00 euros worth of wine and spirits to the u.s. americans also enjoy french cheeses cosmetics and handbags but that could all change with the threatened tariffs tires that france is warning the white house not to introduce new cultures to the points you've been to so we trust in the very principle of sanctions because it's not the right policy between allies and it's not the right way to go. but the united states must know that it will work to engage in a new set of sanctions against france or else the european union will be ready to

react and ready to react strongly. france's digital tax will mainly impact major u.s. companies like google facebook amazon and apple which have traditionally been able to keep their foreign tax bills low the tax when it comes into effect will be backdated to january and cover 3 percent of the company's profits from selling advertising and data the french government is hoping it will bring in around half a 1000000000 euros a year but washington says the tax unfairly targets american companies and if the u.s. makes good on its tariffs threat some $2400000000.00 worth of french imports would be hit. already even though the dow jones could recover a little bit we're still seeing tough times there where go to new york where our financial correspondent yes carter is waiting yes we have been talking about the end of the u.s. china trade war for months now what do you make of that statement but on top.

yes no yes no i mean this game is going on for ever and that's how it seems well what we know what i heard is that the u.s. president donald trump for quite some time maybe had the intention not to necessarily settle the trade tension with china before the election because the u.s. president might believe that actually he pleases part of his base but then on the other side we also know that escalation of the trade situation is not going to be good for the economy is still well it's wide open and i'm just waiting for the day that we get a clear yes. and we could have another trade war even with friends as we just saw the u.s. afford a similar trade war with the european union. well. it's not going to be good for anybody and by the way not just france but. countries who

have similar digital texas like italy austria or turkey could also get hit and then the u.s. president also complained that some of the nato members are not paying their fair share so there also could be. measures on this and also with europe and everything seems to be possible at this point it's called giving us the analysis from wall street thank you very much chinese video sharing app tick-tock is fast becoming a global trend with half a 1000000000 users worldwide but fame could come at a price a u.s. class action lawsuit claims to talk transferred vast amounts of user data to chinese servers the lawsuit was filed in california saying tick-tock collected the data without user consent and that it could be used to identify profile and track customers. now looking at another data leviathan facebook c.e.o. mark zuckerberg and his wife have been on the c.b.s.

this morning show with gayle king she wanted to know more about how to deal with the social media sites extensive influence on political developments here's some of what zuckerberg had to say private companies should not be in the position of making so many important decisions balancing different social values that we all care about i think the real answer is for there to be regulation and you know we're going regulation absolute well i think there are real issues i think a lot of people are upset and are talking about measures like breaking up the company that are actually going to fix these issues right and bring up facebook isn't going to address their the question of political discourse the war in syria has not only cause death and displacement it has pushed many into poverty the country is heavily reliant on food imports but the currency is weaker by the day at the beginning of the week the syrian pound hit a new record low the cost of war is not only paid in blood here in the

syrian city of it lived this restaurant has raised its prices yet again. the inflation is too high may god help the people when it comes to a falafel sandwich the price has gone up because of the high price of the raw materials and that forced us to raise the price of the sandwich. when war broke out in syria 9 years ago $47.00 syrian pounds would buy $1.00 now it takes $920.00 there are many reasons for one western countries have strengthened the sanctions against syria syrians living abroad are also sending less money home found a lot of people have been buying dollars to shield the savings from inflation the effects on daily life a dramatic. sugar was $300.00 pounds per kilogram it became $600.00 pounds the price went up 100 percent rice was $300.00 days then we came in $800.00 pounds

or more that it rose more than 100 percent. and no one expects that to change anytime soon threatening the very survival of an increasing number of syrians. 2 very different economic struggles german companies have been successful in russia for years but recent developments are making it harder to stay in the russian market political disputes with the west are hurting business and the russians are seeking closer ties with china. sadie's in moscow they stood guard based company's been making cars here since a religious year it's parent time the group's 1st plant in russia the strategy is to manufacture where you sell using local production to reduce tariff costs german investment in russia total $3200000000.00 in 2018 the highest level in years but business with russia is changing at least that's the tenor of the latest business climate survey by the german eastern business association which monitors german

russian business ties competition from china is a growing threat there's no this is a very difficult development sino russian trade is now twice the size of german russian trade it's already hurting us the chinese are moving into sectors that have traditionally been german like machinery and plant engineering and it's mainly about political factors of course for. all in all the business climate for german companies operating in russia is gloomy some of the companies surveyed say excessive bureaucracy a lack of reforms and a weak economy are all responsible and with the russian economy only expected to grow one percent this year most russians won't have the money to splash out on things like new mercedes. a chinese finance $3200000000.00 rail link between kenya's capital nairobi and port city mombasa supposed to be a boon for business of logistics companies aren't very keen on the line with many

still using trucks now the government is forcing them to use the new railway. when the mombasa nairobi railway line opened 2 years ago the president hailed it there now as. but many freight operators have shunned it moving a container between the ports and the capital cost $800.00 us dollars with a truck the train costs $1200.00 making food and other goods more expensive it also takes a lot of time for importers to get their goods cleared at the jesters nairobi trained . they might have to get used to that because now they will have to use the train service kenya owes the chinese lend the ex-im bank $6500000000.00 for the railway

and other projects that's about a 10th of its national debt. kenya railways says the high of freight charges are necessary to meet the loan repayments china has sought to allay fears that its infrastructure projects overload some countries with debt last year a degree to restructure more than 12000000000 dollars in repayments owed by ethiopia whose chinese funded railway is also struggling now some kenyan politicians are asking whether their one so promising railway was worth the cost. i guess only time will tell and that's all for this edition of the business thank you very much for watching remember you can always stay up to date with the business headlines on w dot com ticker and if i. can

inspire. people. to go africa fantastic. join them as they set out to save the environment learn from one another and work together for a better future. cause but you can be cool africa

next on d w. can carry information. site can help feed people. still people can be happy without light. how much light do we really need. we've seen a light on made in germany in 16 a d w. chirpily . soon. to be

a good. discovery . subscribe to the documentary on. the. and romance of protection is good for all including the business sector if you want to know why stay tuned to this special edition of the co-op because i'm now outside in lagos nigeria welcome to the show and hello from me sandra here in kampala

yes indeed doing business is growing not just in africa but in europe too.