security question. i'm not handsome to keep it so much more needs to be john and i think people have to be at the concert solutions. and i work in. a crisis moment for global trade u.s. pressure has hollowed out the w t o o's top courts now it's just hours away from collapse. bringing dead factories back to life we'll look at one business that's found ways to reuse old copper power packs. and this year's nobel prize winners are about to get their medals we'll take you inside the factory where they're full. this is deja vu business i'm rob watson berlin welcome along it's

a crisis moment for the global trading system the world trade organizations appeals court is on course to collapse after successive u.s. administrations blocks the appointment of new judges global trade looks set to lose its ultimate empire. the man is not for budging and unless there's an 11th hour breakthrough the face of the world trade organizations top of course has been sealed us some bosses are to the w t o denis chase says he'll continue to block the appointment of new judges whose job it is to rule on trade disputes here is what that means the applet body is made up of 7 judges 4 whose terms have expired have not been replaced because the united states has blocked the naming of their replacements 2 of the remaining 3 are due to leave on wednesday with only one member remaining the court would no longer be able

to function and the director general said that he will be now holding intensive consultations of a political nature or get to his statement in a minute but what he said was that he thinks we need to dig deeper and we need to have a broader look at what we might be able to do in order to get a permanent solution to this problem involving the appellate body many of washington's objections center on rulings related to trade with china without of course the one $164.00 member w t o would no longer have a binding dispute settlement system in a global trade environment that is a ready highly volatile that prospect has many feeling highly alarmed well let's get more on this from holger schmieding chief economist at bear and bank boning. it's being described as a crisis moment. in a way it is

a crisis moment this is probably the beginning of the end of the world trade organization as we know it unless something changes the game can go on without an umpire but we know from experience that a game without an umpire will eventually hit trouble and now we are at the moment where the umpire of the world trading system is leaving the court this blocking has been going on since the george w. bush administration what is the u.s. is problem with how the w t o operates. the biggest problem for the u.s. is that the u.s. the biggest nation in the world a big trading nation flings it should be treated a bit differently from some other countries that the u.s. interests should be taken more into consideration and there is a point in what the u.s. is saying that the dealings between the w t o and china are sometimes still affected by the rules that came into place

a while ago when china was a smaller country the u.s. basically warns china to play by different rules the problem is that the w t o is not the right organization to address that that problem needs to be resolved by the u.s. and the e.u. talking to china rather than by blocking the w t o the normal back and isms over there there are other outstanding cases involving the us particularly in terms of steel and i mean him imports and tires that it's put in place do we know what will happen to those cases if the court system collapses. well the cases will continue to go on there will probably be some ruling on the cases but the ruling on these cases cannot be made final because the f. of the body will no longer be working and if the ruling can't be made final then the parties may not want to adhere to those rulings that the w.t.

oh could still issue so in effect the court the apple its body the court and to some extent the w.t. o. system may cease to function as we know it is unclear but again a game without the ultimate umpire is likely to go astray after a while so other any plans to to replace is a live body either within the media or outside of it. the european union is thinking about a player the european union would like other countries to sign up on a voluntary basis to a new apple the body to which then the u.s. u.s. could no longer say ok we block the appointment of judges because the us itself isn't part of it so that is an attempt it may work but only to a limited extent in the end there have to be political decisions about the global trading system they have to be decisions about how to deal with china that is much bigger than it used to be and these decisions should then be taken in the way that

the w.t. own continues to work with slightly different rules and that there is an umpire again that new judges are appointed to the up of the court once these rules have been adjusted it's a big changes in world trade thank you hawkish meeting chief economist at bear back . you have some of the other global business stories making the news volkswagen is facing more legal problems this time in canada become a case charged with breaching environmental laws or v.w. exported cars to canada equipped with emission cheating devices during the so-called diesel gate scandal. chinese inflation data for november shows a surge in consumer prices food costs jumped almost 20 percent as african swine fever continued to affect the supply of pork chinese stocks fell sharply on the news. one of europe's biggest lobbies yoru chambers is calling for the e.u.

to lift sanctions against russia it's time for your from russia to focus on working together rather than against each other according to the association which represents more than 20000000 businesses. and the e.u. has approved 3200000000 euros in subsidies for the battery industry and a challenge to asian dominance of the sector the funds will come from 7 member countries and will be matched with private investment by 17 companies the move comes as europe gears up for electric cars to replace the petrol driven variety over climate change concerns. and i'm sticking with that subject even petrol and diesel cars have batteries if you drive you've probably had to replace one at some point but that brings the question what happens when we throw one of those batteries away well in the right hands they can be brought back to life take a look at this one out of every 2 germans on the vehicle statistically speaking

christian harnish is one of them the engineer also knows that one old cars end up in the junkyard a mountain of scrap and with is created. harnish wants to salvage and recycle as many cars as he can and he'd like to make a living from it. he runs a small company that recycles care about or it's he specializes in batteries for electric vehicles which contain many valuable raw materials especially metals but it's not easy to extract them and it can also be dangerous but that didn't discourage the businessman. let me i had a reason already out there so it simply makes sense to extract the raw materials from them and reuse them. in so 10 years ago the process engineer founded his company this special shredder is at the heart of this firm it shreds the scrap batteries turning them into a granular there's a good reason for the steel plates in this machine they protect the inner walls

from the liquid component in a battery a fluid electrolyte which is highly flammable finding a way to separate the electrolyte from the other components was the biggest challenge it took him 10 years of drawing and testing now the pure battery fluid flows into a steel tank electrolyte fluid no one else can separate it. his company sells it to the chemical industry the granular it lands in the sorting machine which results in a grayish powder. at 1st glance it doesn't look like it's worth very much don't be fooled this is the fuel for the trouble billet it contains lithium cobalt nickel and manganese and that's what we want. to do that hamish needed experts of chemical processes to be it ever knows exactly which assets can be used to extract the precious metals without dissolving them. but isolating numerous metals from the grip powder is a challenge even for him. in the meantime the specialist in hydro metallurgical is

able to break down the grip powder into its components cobalt so if it lithium carbonate nickel solf it and manganese so if it soon harnish wants to do all this on a bigger scale and is planning to build his own chemical factory he can already recycle 75 percent of the batteries he gets his competitors can only manage one 3rd of the now the 10th of december marks the anniversary of alfred nobel's death and the honoring of this year's nobel prize winners it happens at a lavish event in stockholm with lectures fine food and a presentation by the swedish king when it is received money a diploma lifelong recognition and a medal made in sweden. the $2900.00 nobel prize medals this year there are 14 of them because there's more than one win ethic each award. each medal

is engraved with its winners name it's the highlight of nicklaus crunched women's year. yes i am i am the only one who was doing this job. and why i think it's it's because of. that i have been doing it for 7 years and i know. exactly how how do it it all begins with a thick 18 karat gold plate which clam sherm has to cut so that it can go through the punch press. the punch goes through the metal as if it were chocolate. the gold coin alone even without the engraving is worth more than most swedes and in a month's. i don't know. exactly what it cost. it is crowns i think it's around 700027000 euros.

and the coins value increases once the heads of the prizes found alfred nobel's is imprinted on it then finds trump packs it in a fine jewelry box that will be ceremoniously handed over by the swedish king is the most famous medal in the world. and that's all from me in the business teamhair in if you do want more from us you can check out our website state that we don't call slash business also you can find some place book and try to go back.

to the now be a fictionalization but as affectionately as you can. come tonight in the middle of his election campaign. 2000 documentary was filmed for russian television to turn the camera back on the course of the film secretly chronicled the power grab actually everything was precisely planned instruction. featuring a top supporting role. to the freedom of russia. and

featuring a lead role like you've never seen before on the enemy or that a marriage to the ends justify the means. to tins witnesses starts december 13th on t w. hello and welcome to news from the world of arts and culture the golden globe nominations for film and t.v. are out i'll be discussing the favorites with scott roxboro also coming up we'll be talking about the 2 nobel prize for literature winners fall nastia and this year will be receiving their awards in stockholm choose that. and in our continuing series $100.00 german must read an intriguing novel about a musical genius with

a supernatural sense of hearing. but 1st nominations for the golden globes have been revealed and this basically signals the beginning of the awards season in hollywood as always they are seen as hot tips for the oscars although we mustn't forget the globes are for t.v. as well before i talk to my colleague scott let's have a look at the top runners in film and t.v. starting with martin scorsese's the latest star studded movie the hours from. what you did with a gangster drama starring robert de niro as a mafia hit man like picked up 5 golden globe nominations including best film and best director. both joe pesci has a deadly mafia boss and alpert shino as union leader jimmy hoffa receives supporting acting norms the 3 and a half hour epic story of.