nice cheese and the pink. elephant story. is a. must. start january 27th on d w. more a following of u.s. china relations right before the signing of a phase one trade deal washington drops its designation of beijing as a currency manipulator we'll bring you all the details and a study warns an electric car is put half of germany's automotive jobs at risk but could technology like 3 d. printing create new opportunities. i'm chris colfer welcome to the program it was a label that the chinese government loathed and now it got rid of it the u.s.

dropped china from its list of currency manipulators at the same time washington is making headway in reducing its gaping trade deficit with china right before wednesday's scheduled signing of a phase one trade deal between the 2 countries. no obvious signs of enthusiasm on the chinese side vice premier the oha arriving tuesday to sign an interim deal that at 1st glance is more favorable to the u.s. it's an agreement that's already boosted u.s. markets and stands to pacify american farmers china will buy $80000000000.00 more in american goods like the soybeans and another $35000000000.00 in services still there's more reason to smile of aging these days the economy is showing signs of life exports were strongly up in december for the 1st time in months oil imports are on the rise and significantly the u.s. says it will stop labeling china a currency manipulator. a trade deal takes some pressure off china without digging

too deep into stick here issues like intellectual property and technological transfers exporters also stand to gain through the deal. we believe that as china and the us are going to sign the phase one deal it will have an important and positive significance for the trade in economic expectations for china the u.s. and the world the broader picture for china is more complicated however u.s. tariffs will remain in place on $370000000000.00 worth of chinese imports like steel limiting exporters take and the near term remains muddy domestic spending on things like cars is down a new survey by reuters predicts 2020 will see the weakest growth in china in 30 years the u.s. and china remain wary both sides have pulled back on agreements at the last moment trump's reelection bid adds another element of uncertainty reason why everyone is following this trade deal so closely. so let's get the market's view on this with our financial correspondent orly bartz in frankfurt only china isn't

a currency manipulator anymore at least according to the united states and washington has its huge trade deficit with china taken care of sounds like both sides got something they wanted. well that's right as you mentioned the chinese loathed the designation of a currency manipulator they always rejected this accusation and here in the market nobody really believed that the chinese were manipulating that suggests subterfuge trickery but people do of course admit that the chinese influence the currency in order to reflect their economic strengths and weaknesses and this means a lot for the success of this phase one deal and probably also for the further negotiations on phase 2 now the phase one trade deal is to be signed tomorrow is something that markets of course applaud but markets also look ahead what do they see beyond tomorrow signing. well i think they want to see some real

progress on all the other issues at hand all the other tariffs that are out in play and they would like to see a return back to fair terms of trade and possibly also see the united states in the course of these next few months also change its views on how it sees the w t o on trade in general and the europeans of course are hoping that there is going to be no tariffs on autos that's not on the table now and tomorrow in washington that's also a sign people are looking for in the next months on the boards in frankfurt thank you. and now to some of the other global business stories making headlines former n.o.g. of carlos' goan has filed a suit against the company for a withheld retirement payment granholm did not pay the 250000 euros saying go and quit while in jail in tokyo on financial misconduct charges mr cohen said he had no choice given his detention he later fled to lebanon to escape the charges hackers

from a russian military intelligence unit gained access to the ukrainian gas company at the center of the impeachment case against u.s. president donald trump as according to u.s. cyber security researchers there are pros accuse from of pressuring ukraine to investigate the company which hired then vice president joe biden's son u.s. justice officials have asked apple to unlock 2 i phones belonging to a gunman who attacked a military base this puts the company and difficult spot privacy as a selling point for apple washington is calling the shooting an act of terrorism that could have involved others. germany is known for its auto industry and the sector is a major employer in the country more than 800000 people work for carmakers or their suppliers but that could change more than half the jobs we're talking about more than 400000 people could be at the risk of disappearing between 2030 according to

the national platform for the future of mobility it says the german government's plans to increase the number of electric vehicles by more than 80 times to between 7 and 10000000. by the end of the decade will mean fewer jobs and in the street that's because electric motors are much simply to put together an internal combustion engine has around $1200.00 parts and electric car motor just has 200 and fewer parts are likely to mean fewer jobs industry representatives call the figures the quote most extreme scenario so how hard will immobility hit the german car industry's workforce let's ask martin friedel professor of business administration and organization at the university of bamberg good to have you on the program martin the study says more than 400000 jobs could be lost by the end of the decade how likely is it that income that. you think you can that is of course an extreme

scenario but we have to put that into the broader context the question of employment in the automotive industry is a question of the rewiring that's clear that's way off the global value chain of the future electrified automotive industry so at the moment of course a loss of employment isn't highly sophisticated to the searches engine longs. that will no longer be needed so the question for the future will be candy german automotive industry retain a substantial footprint in the future value chain opening literally fight industry right now maybe there was a women's. in the room on that on that note i mean electric motors are less complex as we have learned yet other car other parts of a car are becoming more and more sophisticated look at all the digital features that cars nowadays feature would not be possible to compensate job losses at one

end by having more jobs when developing these new features. absolutely that is what i was referring to is the rewiring of the value chain as we are shifting to electrical beagle's we see the increased importance in other aspects software as one bit and other components and there will be more employment in those sectors books. that requires german companies to retain is a stanch or a footprint in those assets that seems unlikely they'll let you have companies like like google and other digital juggernauts leading the pack here doesn't it of course yet joe history is not leading at the moment there are other places entering the field places that have previously not been active in the automotive industry so there is a new competitive battlegrounds opening up if you will. now german car makers have

finally let's say got the gist of the mobility have incorporated it into their business strategy where in this whole pack of producers do you see german car makers when it comes to more forms further forms of mobility. so i would say that because of the scale of german all to make is. they can play substantial role in future films from beauty carsharing and so on but they have to get a few things right. if i may say so and compared to boy electric companies like tesla. the journey called many factories has 3 challenges they have to produce traditional cars they have to produce electric cars and they have to imagine a transition so it's going to be a book you write for a. german manufacturers and that has so many only wheels water phrasal thank you for your thoughts thank you. where the electric mobility is threatening germany's

big car makers it's small companies that hope to seize the opportunities the technology presents like one berlin startup. efficient digital and self driving this will be the car of the future if the berlin start at big red has anything to do with it the low key prototype is the company's 1st car that's fully 3 d. printed. the smoke is from a victory for me loki is the expression of many contemporary trends that have been joined together in one visionary vehicle. those are autonomous driving emo billet and 3 d. printing. we're always trying to go these 3 things together to create a unified vision. daniel greening and his team spent 12 weeks designing the car it's made up of 143 d. printed parts made of nylon and other industrial grade materials the pod cars

designed for short distances in an urban environment later this year the car will be equipped with an electric motor so that it can go out on its 1st test drives each part is equipped with a digital fingerprint chip that will allow the parts to be printed on demand on any 3 d. printer. but low key is still very much a car of the future the german auto industry is still largely wedded teach additional manufacturing methods and combustion engines experts say car makers overall tend to be slow to get on board with innovation dr ballman it was going to change that in germany we'll have to make friends with experimentation and failure we favor stability and conformity with safety norms that's good but if you want to go digital you have to practice. researchers and developers agree the auto industry will need to go all in on mass production 3 d. printing it's the only way they say for the industry to remain economically

competitive and flexibly fulfill customer demands while meeting a mission standards and conserving natural resources. and that program from me chris culliver and the entire business team here and roland thanks for watching if you want more go ahead and check out our website at the w dot com slash business or follow us on our social media means for now have yourself a successful. what

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the smart way to kill when you're going. to go blog mobility show every week w. . hello and welcome to arts and culture and an exciting start to the week because it's oscar season as the nominees well we'll talk about that in just a moment and also coming up. in our series 100 german must reads a literary gem from austrian author of a was a toddler looks at the moments in life that make us who we are. and the know we are his magine kids kennedy is the mask making mastermind behind

the colorful creation of the universe of dumps of the. well 2020 awards season is well underway and after the golden globes gave us a bit of a barometer last week suspense was high on monday for the academy award nominees and the lists were announced in the early hours l.a. time and suffice it to say hollywood seems to be staying true to itself with a handful of films dominating most of the categories. joaquin phoenix earned a nomination for best actor with his performance in joker a dark psycho thriller that tells an origin story of the villain of the batman comic books. the film also received 10 other oscar nominations.