hence the people driven steel girder. cars. destroyed the center of the family's over. 97 big media gives me it seems december 23rd. it's a mega merger in the automobile industry francaise p.s.a. group and fears chrysler wants to join forces to create the world's 4th largest car producer we give you the details also coming up the u.s. congress has voted to impose sanctions on companies working on the controversial north stream to pipeline. i want to go jones and this is deduct your business live from berlin welcome starting with asian markets edged up to day but investors appear to be taking their foot off the pedal after the recent trade deal fueled

a rally hong kong's hang seng index climbed just around north point 4 percent today shanghai blue chips with steady as beijing trimmed another short term interest rate china has an economic growth target for this year of between 6 and 6 and a half percent for the 1st 3 quarters it was sluggish with growth just above beijing's bottom line. so let's stay with china for a moment and bring in our correspondent in taipei its own home so good to see you g.d.p. slumped to 6.2 percent in the 1st 3 quarters of beijing's bottom line of course is 6 percent something of a symbolic number in china can you tell us more about that. well the g.d.p. growth 6 percent is china's target this year and according to analysts china will be able to meet this goal but it will be more difficult to do so in 2020 because of

the trade war and the transformation of china's economy itself so there's a heated debate in china now around whether beijing should try every measure stimulus measure to make sure that the g.d.p. growth doesn't drop below 6 percent and for those who are against it they think that the government should pay more attention on structural changes instead of mending or distorting data just to meet this goal but for those people who support it they think that the g.d.p. growth below 6 would be a major blow to business confidence to job market and further costs social instability which is the most feared thing for the chinese communist party so what are the biggest economic implications g.d.p. drop further what's beijing going to do about that. well firstly in the short term will see a slowdown of manufacturing activity which is the most important drive for

investment so therefore we can also see the drop of housing prices but secondly i think in the long run the most significant problem is the belts depend in the base and that's how china can adjust itself to a long term and sustainable economic growth model especially in the middle of the economic slowdown process and so has to they're reporting from taipei thank you so much. francis the as a group the maker of persia and here chrysler are expected to announce a memorandum of understanding for mega churches today both company boards gave their blessing on tuesday paving the way for creating the world's 4th largest copper you said more details are expected to measure out the day here's what we know so far. the $50000000000.00 merger brings together some iconic brands chrysler and his long time partner fia on one side france's persian citoyen as well as germany's open on the other 2 that jeep and dodge and

a sprinkle of luxury meal and muscle roddie well some of the brands have struggled in the past and found it difficult to adapt to massive changes in the automotive sector together they form a strong global player the merger creates a new number 4 in the world car market with combined sales of just under 9000000 vehicles. is topped by germany's fault and japan's toyota and by over no nissan all selling over $10000000.00 vehicles per year the new company leaves behind american automakers general motors and ford as well as other asian competitors together a few at chrysler and france's p.s.a. will employ $400000.00 people analysts say the tie up could allow the french carmaker to break into the. can market where it is not well established and could benefit from fewer crisis positions but they may face more challenges in asia where

both companies are not seen as strong players and neither field tries to nor p.s.a. has a leading premium brand like some of their competitors the 2 companies say the merger will help them address future challenges such as the move to electric vehicles. of a modest conservator financial correspondent gone that was an frankfurt cannard we see consulate days and among carmakers happening at an incredible speed what's driving all this and who's next. well this is of course driven by the enormous amount of capital the car makers need for this transition from combustion engines to electric cars and all the other innovations they need money for if you want to know who's next well you have to look for the smaller car makers can make us who are not yet very closely affiliated to larger groups but even within those larger group of cop groups of car makers there's

a lot of merging and acquiring going on this week it was reported that the 2 large chinese shareholders of diving or are in sort of a compete for competition for who can become the largest shareholder we're probably not going to see a takeover there at least not for now but definitely a race for dominance and influence because those measures will also somewhat change the character of those com a family's holding the majority stake spatial and yelling they support them just but will they have more or less influence from now on. well you know in the future we're going to see less of the very you know the old patry arcs like the one like people like and yelling and push over found at the company's family offices families who over large stakes of car makers have to adapt they have to operate like modern investment firms and often they do very often it's. shown

that having a family as a majority stakeholder or an anchor investor is good for a company it gives stability to large corporations large companies you know a kind of a who isn't there in frankford thank you so much. the u.s. congress has just approved sanctions on any company involved in building the north stream 2 gas pipeline pipeline is being built on the baltic sea at a cost of some $10600000000.00 u.s. dollars the bill was inserted into a huge defense spending bill and easily passed the senate at about 86 to 8 hours a passing the house last week the north stream into pipeline was meant to deliver russian natural gas to europe something the u.s. wants to stop. so possible sanctions were already proposed last week by the house of representatives where we spoke to energy expert to claudia ken food from the german institute for economic research and she told us that washington is not just acting on political issues he wants to sell his so fracking gas so to europe and to

germany is so simply like that it's a false if you war where we are in between right now and we show that the president of the united states shows that the world on different kind of angles in arabia but now also in europe and germany and i mean the pipeline has some criticism because it's very expensive we don't need it because the guested moment will decline but nevertheless the u.s. sanctions are simply because they want to sell their african gas to germany i was claudia came 1st on the u.s. sanctions speaking to us last week for the 2nd time this month the eiffel tower in paris has been forced to close because the staff were operated of on strike the closure is part of a long running national dispute over pension benefits president in money where mccrone wants to overhaul a pension system that allows train drivers and other people under special pension regimes to retire while they're still in their fifty's strike alleged to further

mystery for commuters and tourists as they faced their 13th straight a day off destruction. of the us economy is doing well these days but it's seen its share of ups and downs and during one such down periods some smaller towns were looking for a way to counter the painful experience of economic decline by going all out german or what they thought was typical german from lido was until christmas markets knocked off of area in america a successful local economic strategy let's take a look. welcome to have a georgia escape for almost 3000000 visitors here all. quite literally crossing this bridge into a made up a barrier which. pelham has just $250.00 permanent residents and all of them struck gold with going all out german specifically with branding at middletown preparing

to wrists from all of the us come to have a german empire village experience in the foothills of the blue which. you can tell it's not real but they try to make its i guess kind of a dismay for the case of. germany. allen's transformation into what it claims to be the most authentic but very small town in the us is a great success economically speaking once an old timber town at the brink of extinction now how women surrounding businesses are making money and a lot of it. are much the next year or 2 we could become a half a $1000000000.00 industry right here in this part of the deliberate choice to become an american but i reinstalled alpine town continues to pay off for helen and others around and to just nuke the young entrepreneur build a coochie adventurous ok to just outside of them offering a t.v.

tours river tubing and supply business is proving to be a truly believe the proximity to helen is all the success a lot of the success it does ellen is a great job of marketing the various style and the area that you know kind of mimics in looks like area. real bavarians might disagree on it this is. 4000 kilometers from on the other side of the country residents of leavenworth washington are adamant they are the most authentic replica of an original but very tough. case in point medicaid and leave a horse around he is the town historian. it is a wonderful place to live on beyond's but i think the thing that drove everything there drove it here was economics 40 years ago a local businessman who had previously traveled to germany pushed for leavenworth to go but very hostile to save the town from certain extinction it works elizabeth

saunders resident for decades says leavenworth the big success story because it's a hybrid it's very and by the joy of americans leavenworth is getting ready for christmas with that for tens of thousands of tourists that means hundreds of thousands of light bulbs and decorations across town the color scheme true very dark. and not that far off from the real thing as a business update here on this hour for me of the team thanks for giving us company .

what secrets lie behind these walls. discover new adventures in 360 degree. and explore fascinating world heritage sites. t.w. world heritage 316 get kidnapped now. was the speech of his life perhaps his best certainly his most difficult chancellor and cool addresses the people of east germany shortly after the fall of the wall. the crown

climbers for german unity journalist peter lim borg was at the scene. 30 years later he looks back on the tightrope tristen. starts december 19th on w. such. it's make or break in the bundesliga clubs fighting it out at the top in the middle and the bottom with just 2 games left before the mid season break match day 16 as everything a football fan could possibly want to. league leaders lives they got just days away from being top of the table at christmas for the very 1st time in their 4 year top flight history if that's a do it's just a small matter getting tossed for a show. and the excitement continued in tuesday's 3 other matches one of those so

braman take on minds 2 sides who are trying to stick clear from any relegation trouble. welcome to this very special midweek edition of the business league here on the w. i'm that mechanic line now live signal off the bundesliga throw in a match day 15 and now the bulls have a very good chance of finishing the year at the top of the table in his 1st season at the club union dogman has turned the red bulls into the raging bulls if they had to stay at the top they need to win their 1st ever title they'll need to beat the best 1st challenge taking down a dortmund side a yet to lose at home this season. u.t. inaugurals men call this a title 6.0 the problem he'd never won in dortmund as a coach true to form the host dominated the early running and they didn't sam shares short was blocks the reprieve was certainly temporary union vi.