the fund is to 2010 to 29000. 860. every journey begins with the 1st step and every language with the 1st word in the. rico is in germany to learn german why not with him simple online on your mobile and free. learning course speak german made easy. for the u.s. and china ready to sign the dotted line phase one trade deal between the 2 nations looks to be near for markets that are already hitting record highs. and we'll look back on 2019 and what the year meant for business worldwide from the corporate hallways of boeing to the angry streets of santiago chile. this is your business

report i'm stephen beard's and brylin it's good to have you with us carlos gonyea is gone media reports say the former nissan renault chairman has left japan where he was under house arrest and arrived in lebanon on monday apparently jumping bail holds dual french and lebanese citizenship and was on bail in tokyo awaiting trial on charges of hiding in common financial misconduct related to his time at nissan he has denied those charges calling them a plot by just nissan executives a condition of goans bail was that he remained in japan his trial was scheduled to begin in april. the u.s. and china are on course to sign their phase one trade deal in the coming week that's according to white house trade advisor peter navarro in an interview with fox news he added that washington is just waiting for a translation of the deal the agreement calls for. reduce tariffs on u.s.

imports on t.v. from china and more chinese purchases of u.s. agricultural products the white house said the deal also addresses american concerns about intellectual property theft and forced technology transfers to china although the exact details remain unclear. let's go to our financial correspondent in new york. yes it's been a rather quiet day on wall street from what i understand despite this much wished for trade deal apparently in the offing what's going on. well 1st of all we all know that after phase one of the trade deal comes phase 2 of the traits that might be even tougher to negotiate with what might get signed in the next couple of days and then we shouldn't forget that 2019 at least for stocks was a pretty stellar year the s. and p. $500.00 up by almost 29 percent we have pretty much in line to have the best year on wall street since 90 and 97 so we did see stocks on the

rise all year long companies like microsoft for example up on the year by a good 55 percent and still. almost last trading day of the year there was a bit of a cautious tolly on wall street but if you see we decreased the point 6 percent in the dog jones industrial average so it was not too dramatic what we saw here on december sirius is the markets are set up for such a strong finish which is incredibly different from this time last year there was so much turmoil what happened in the past year what changed. yeah what a difference a year makes but if you look back 12 months ago we just saw the federal reserve to a degree in interest rates one more time then there was some skepticism if a trade deal would get done there was a lot of talk about recession right now and nobody really talks about

a recession at least in the us in the near future we saw 3 interest rate cuts as you mentioned before there is some sign on the horizon that at least this phase one trade deal will be signed still all of the negatives to a certain degree have turned positive fent that's why we saw the stock market on fire but overall it was really the federal reserve with those 3 rate cuts what drove the markets in the past couple of months but what we also shouldn't forget it's a bit of borrowed growth because also the debt glowed when it comes to private households when it comes to corporations when it comes to end nations that have been on the rise and that could haunt us at some point in the future but right now in the body really wants to think about that. all right your quarter there 1st the new york thank you very much. now from trade wars to unilateral sanctions and brags that it was a year in which liberalise trade came under fire but

a new study by the bettles mon foundation found that the biggest beneficiaries of a rules based trading system are the 2 nations leading group global trade disruption the u.s. and china both have pulled in by far the largest net benefit from trade in terms of real g.d.p. and that's thanks to their membership in the w t o which sets trade rules and arbitrates disagreements now for the usa the study says that benefit comes in around $87000000000.00 china enjoys almost the same amount $86000000000.00 in trade benefits from being a member in the w t o and in 3rd place germany which routes around $66000000000.00 in trade benefits as part of its membership in the w t o and yet the world trade organization is under intense pressure especially from the u.s. as it leads a trade war against china a trade war that became the biggest business story of 2019 but certainly not the only business story take a look will they or won't they the u.s. and china have been at it throughout the year and in may trump announced that

washington would raise previous tyrants where having a little wobble with china because they've been treated very unfairly for many many decades or actually along china retaliated with its own threat and in the summer a truce was announced in the g 20 summit in all soka but the u.s. reneged on that tensions eased earlier this month u.s. president trump tweeted that a very large phase one deal had been reached with china with beijing agreeing to buy a range of american goods as a result washington suspended penalty tariffs set for december 15th something beijing confirmed that 2 countries now say they are preparing to sign an agreement next month. one of the sticking points between washington and beijing has been china's dominance in the tech sector and that is something the white house wants to end one of the targets of its come pain has been chinese tech giant huawei the

white house says beijing could use while waste technology for intelligence gathering and industrial espionage washington has been calling for its allies to block the company from participating in building 5 g. networks no surprise the debate on while way has also been heated here in germany and we've been covering it. can the state of china force you to give information which you would be able to collect for example in germany now are we one way has never received any such requests during our operations over the past years and even if we received such requests in the future we would not agree to them as without any lawful requests so we won't do anything which will now woman change williamson. god was $3229000.00 was the year of the protests across the world also across germany's border the yellow that's movement took to the streets in neighboring france to protest against the government's planned economic reforms

they believe they are hurting workers the french government says they are needed to overhaul the economy to make it more competitive. in the middle east the lebanese government's economic reform attempts were met with countrywide protests people took to the streets to demonstrate against plan changes to the tax regime stagnating economy and corruption and that led to the resignation of the country's prime minister. things didn't get as bad for those government but ecuadorians managed to push their lawmakers to the brink with protests that crippled the country's transportation networks in the end the government had to withdraw plans to remove a fuel subsidy after dramatic protests. and elsewhere in latin america people were taking to the streets and i joined tina and she laid to protest against economic reforms and a higher cost of living. i cost of living was also a major issue for zimbabweans the protests were triggered by

a 130 percent fuel price hike and that on the country's declining standard of living prompted people to take to the streets throughout the year was the u.s. plane make a boeing also dominated headlines this year it started last march with a fatal plane crash in ethiopia the 2nd for its 737 max at 1st the company tried to deny responsibility but air transportation authorities were soon ordering the grounding of a 737 max its best selling aircraft within weeks of the incident since then the plane maker has been mired in a crisis in december boeing said it was holding production of a 737 max and c.e.o. dennis mullen berg was alstead new seal david calhoun will now face the task of engineering a turnaround and rescuing started reputation. it's been a busy year for the markets across the world but it appears the u.s. markets have managed to ride out the uncertainty in the stock market is at

a record high in the u.s. and that's something the u.s. president has been raving about and taking credit for he says the highs a jew to his reforms hard to say but what is clear is that the global economy has been slowing with the i.m.f. and the world bank mainly blaming the u.s. china trade dispute but despite that there's been records in markets in both sides of the pond and that was a spot of good news this year. 100. let's take a look now at some of the other business stories making news around the world. a production milestone for u.s. electric vehicle maker tesla its 1st model 3 cars built at a chinese plant shanghai have rolled off the production line less than a year after work began in the factory electric car maker says it will increase production in china the world's largest car market. also in china another high speed rail way has gone into service in the country connecting the cities of beijing and chong junko co-host of the 2020 winter olympics the trip used to take

almost 4 hours and has now been shortened to under one hour. germany imported a record number of fireworks last year but this year's new year's celebrations kick off with a ban instead of a bang this year the berlin government has introduced a fireworks ban in the center of the city citing the large amount of pollutants created which include plastic waste and find us. that see it for me and the business team here in berlin i'm stephen beardsley as always thanks for watching.

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my current your birthmark the purpose of the military for. a little. bit is this. study journalism tell me. the power of fortress. where i come from i never saw the sun where it didn't. have no nothing brazil in the sun was always a man thing since the portuguese word for son is masculine when i moved to germany as a 10 year old i watched the cartoon on t.v. that would change how i see the world because interment the son whose family didn't . seem him now but the side of a good listener so i read the fine detail instead of

a deep voice exterminates guy seemed absolutely incredible. i realized how language shakes thinking how definitions are not only a mental image just put our whole perception of the role. inside save my life and was one of the reasons i became a journalist i'm a storyteller and i use my words to help with intercultural in this campaign my name is the one where you and i work and to town people. hello welcome to news from the world of arts and culture we have a really diverse mix for you today indeed one could say something for every taste provocative canadian performance artist peaches and racy stage show which is definitely not for the fainthearted. in our series 100 german must

reads the last on of katherina bloom classic novel from nobel prize winner klein recode. and an old black and white british comedy sketch that has become a cult classic here in germany on new year's eve. canadian musician and performance artist peaches has been raising eyebrows with her sexually explicit shows since she started performing in the 990 s. bisexual herself gender identity is a big topic in her work and her lyrics blur the difference between male and female it's shocking stuff sometimes and yet her music has been used in movies like lost in translation and t.v. shows like south park stage show features 40 people on stage and right now she's performing it here in berlin.