forward to the social inequality a lack of the freedom of the press. corruption we can't afford to stay silent when it comes to the fans of the humans and see the right to fold who can decide to put their trust in us. may name is jane person i work with. it's a mega merger in the automobile industry francis p.s.a. group and fears chrysler wants to join forces to create the world's 4th largest com producer we give you the details also coming out the u.s. congress has voted to impose sanctions on companies working on the controversial north stream 2 pipeline. i want to get jones and this is developing

a business live from berlin wellcome 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 was steady as beijing trimmed another short term interest rate that china has an economic growth target for this year of between $6.00 and $6.00 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 hans sure so good to see you peace love to 6 point to 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 is that amending or distorting data just to meet this goal but for those people who supported it they think that the g.d.p. growth below 6 would be a major blow to business confidence to job market and further cost 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 or see a slowdown of manufacturing activity which is the most important driver 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 beige and that's how china can adjust itself to a long term in sustainable economic growth model especially in the middle of the economic slowdown process and sue their reporting from taipei thank you so much. francis b. as a group the maker of persia chrysler are expected to announce a memorandum of understanding for a mega merger today both company boards gave their blessing on tuesday paving the way for creating the world's 4th largest car producer more details are expected to emerge about 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 persia and citoyen as well as germany's open on the other adds to that jeep and dodge and a sprinkle of luxury meal and muscle roddie while 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 $9000000.00 vehicles feared cries the persia will is topped by germany's faux wagon japan's toyota and by oh 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 for 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 american market where it is not well established and

could benefit from crisis position 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 preserve it a financial correspondent cannot was in an frankfurt conrad we see consulate days and among com a 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 end of the innovations they need money for if you want to know who's next well you have to look for the smaller come makers coming because 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 urging and acquiring going on this week it was reported that the 2 large chinese shareholders of dialer are in sort of a complete 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 of influence because those measures will also somewhat change the character of those comic is that the family is holding the majority stake space and yelling they support them just but will they have more or less influence from now on. you know in the future we're going to see less of the very you know the old patchy arcs like the ones like people like and yelling and push or who founded the companies family offices families who own large stakes of

car makers have to adapt they have to operate like modern investment firms and often they do and 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 i cannot reason there in frankfurt 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 a vote of $86.00 to $8.00 after passing the house last week the north stream into a 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 force of through war where we are in between right now and. the president of the united states or the world on different kind of angles and 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 suggested mint will decline but nevertheless the u.s. sanctions are simply because they want to sell their african gas to germany was claudia came for it 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 going on strike the closure is part of a long running national dispute over pension benefits president in money where

mccraw 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 a strike related to further mystery for commuters and tourists as they face their 13th straight a day off to struction. other u.s. economy is doing well these days but it's seen its share of ups and downs and during one such down period 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 the varia in america a successful local economic strategy let's take a look. welcome to how georgia escape for most 3000000 visitors here. right 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 germany specifically with branding at middletown preparing tourists from all over the us come to have a german empire and village experience in the foothills of blue which now. you can tell it's not real but they try to him it's i guess kind of a disney flick a show. germany. talents transformation into what it claims to be the most authentic but very small town in the u.s. is a great success economically speaking once an old timber town at the brink of extinction now hallam and surrounding businesses are making money and a lot of. our best estimates is wrong 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 a very inspired alpine town continues to pay off for helen and others around and to

josh new young entrepreneur built makushi ventures located just outside of an offering a.t.v. tours river tubing and supply business is proving i truly believe the proximity to helen is all the success a lot of the success it does like ellen is a great job of marketing the various style. and the area that you know kind of mimics in looks like. real bavarians my disagreement this is. 4000 kilometers from on the other side of the country residents of leavenworth washington are adamant they most authentic replica of an original a very tough. case in point medicaid and leave the 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 a big success story because it's a hybrid it's very and by the joy of americans 7 worth discussing ready for christmas break that for tens of thousands of tourists it means hundreds of thousands of light bulbs and decorations across the color scheme true people very dark. and not that far off from the real thing as a business update here on this hour for me in the team thanks for giving us company .

the crew to today's rule. 79 a historical turning point in politics business the mission. in iran people of the islamic revolution. old ones are making its initial flirtation

those strengths and states of emergency sinks into chaos pope john paul 2 seconds just explained the chance the people from stealing told her. mom was christ and. the start of an era that defines overmanaged. 979 a big commutative small streams december 23rd double. its 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 made season break match day 16 as everything a football fan could possibly want to. league leaders like 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 the small matter of getting tossed for a show dog. and the excitement continued into these 3 other matches one of those so braman take on meit's 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 need to beat the best challenge taking down a dortmund side a yet to lose home this season. u.t. inaugurals mn called the city title 6.0 the problem he'd never won in dortmund as a coach true to form the hosts dominated the early running and they didn't sam show

shot was blocks the reprieve was only temporary you inveigle his right foot.