i see to spazz my job to confront him because he does on policies and development to put the spotlight on issues that matter most congo food security oppression machine isolation. or not has been achieved so much more needs to be done and i think people have to be at the heart of solutions money was a mismatch and i work at g.w. . german business confidence falls unexpectedly in the closely watched by the munich evil institute indicates that 2020 is not necessarily going to be business as usual for europe's strongest economy also coming up the european union and china join forces with 15 other w t

o members to keep the body's appeals court alive despite u.s. action to block it. and how the system of micro credits designed to help the poor can easily turn into a debt trap. welcome to be a business i want to get johnson berlin good to have you with us now is the 1st indication of how business is doing in the new year confidence among business leaders in germany inge back slightly in january a monthly barometer from the unit based in for institute fellow north point 4 points compared with december as well short of analyst expectations on the upside manufacturers benefited from some clearing up of uncertainty in recent weeks as the u.s. and china struck a trade truce and the next steps for brics it became clearer but confidence among service fell back the data points at a difficult year ahead. for more on this difficult year

ahead i'm joined now by claimants foods the president of the institute life and its institute for economic research at the university of munich good to have you with us now you say that the german economy is starting the year in a cautious mood why is that. yes so what companies are telling us is that a concept you ation has improved some wild but they are skeptical as regards the coming months so they see some risks ahead as you said the good news is that manufacturing which is a key sector for the german economy is doing better so we have a better reading there there is skepticism in the in services and in construction our construction has been booming for a long time so maybe this is just normalization and in services it is those service companies that are close to industry that are suffering a little like logistics and some other things but we will have to wait whether that

is a sustained. downturn or just. a little dip so we shouldn't take this too seriously at the moment but overall companies it's true companies are skeptic for the coming year and of course the survey doesn't yet take into account the outbreak off coronavirus in china we've seen markets react very dramatically what impact could this virus half on the german economy. that's very difficult to predict all depends of course on how the virus develops and how the epidemic develops the experience from soros which was which happened 17 years ago was that there was a negative impact on chinese growth of the one percentage points estimate say very little impact on the european economies but the the problem is that the current virus apparently has a long in cube asian period and might develop differently so i would say there is

a risk there that should be taken seriously but there's no reason to panic now this week on friday we will probably finally experience breck's it's happening you'll survey says that more or less everything is clear but is it given the transition period. well it's clear that there is no saddam harbor exit at the same time we have those 11 months now to come up with a pretty freighted rooted trade agreement the u.k. government has committed to ending the transition period at the end of the year we will have to see whether they stick to that. there is political pressure to do that at the same time if it takes the year or year or 2 more to strike a trade deal with the u.k. government should change his views there but there is a modern uncertainty there it is very important to agree on a trade deal if that works i think that the impact the economic impact of rags it will be relatively benign right claimants whose their president of the if institute

in munich thank you so much for your time thank you monica thank you. well stocks started the week down on growing concerns over the scope of china's spreading virus outbreak japan's nikkei average suffered a steep 2 percent drop its biggest one day loss in 5 months however many regional markets including china still closed for a lunar new year holidays australia was closed for australia day fia's over the global economic impact of the deadly virus also sent all the prices plunging while safe haven assets including the yen and gold rallied. well last month the world trade organizations appeals court for dealing with trade disputes effectively collapsed when the u.s. blocked to the appointment of a new judge as to it well now the european union china and 15 other countries have agreed to create an ad hoc appeal body to overcome the u.s. blockage and continue to have access to an impartial and high quality dispute

settlement system. amid the snow capped peaks of devils last week something of a thaw set in on the chilly topic of world trade several countries trade negotiators met at the annual world economic forum gathering to agree a way forward for the w t o system for settling international trade disputes. when the us blocks the appointment of new judges in december to the w t o's body the supreme court of trade dispute appeals that body ceased to function but the e.u. has managed to agree a temporary dispute settlement system with china and 15 other countries including australia canada says korea and brazil w t o head roberto azevedo said an overall solution was still being soft but that the temporary arrangement would work for now. all there we're trying to fix it we're talking but we're not quite there yet and so members have conversations about some

form of a multi-party interim arrangement that would allow the deal stage to slow since for those who want to participate in that arrangement. washington has long taken issue with the w t o appeal system it has not signed up to the new arrangement neither has japan or russia. for more i'm joined the office element from d.w. business how strong then is this new alliance well in the context of world trade monica it's quite strong so if you look at it very quickly when the u.s. as the report said blocked up the appeals process last december the e.u. had already done some work to set up this ad hoc court essentially had already agreed to deal with canada and norway and then last week in davos it got several major countries involved so the big one obviously is china so between china and the e.u. that accounts for a major portion of your thread on top of that you also have some major players from the asia pacific region singapore australia new zealand south korea and then

several large central and south american economy so mexico colombia cheeta brazil so it's quite a significant group in opposition to the u.s. blockage and while it obviously doesn't it's a temporary arrangement as the european commission said and if it doesn't have for example the u.s. obviously involved most of japan and russia so it doesn't really solve the overall problem but it is significant in the context of last month's blockage and it doesn't really solve the overall problem at the w t o has does it no no it doesn't i mean the european commission of been quite clear in their statements since this committee was or this court is this ad hoc court has announced that it is a temporary arrangement details problems extend far beyond the blockage of the opposite body and the e.u. and the us are largely are largely in agreement on that bush there is talk of reform and indeed last week donald trump has sort of impromptu impromptu press conference with roberto azevedo the director general of the w t o and in that press conference from both of his words very dramatic reforms that were coming as if it was somewhat less dramatic in his words but there is talk of

reform coming so it's taking a surprise probably a solid phone for business thank you so much for this. microcredit it's designed to help the poor and enable them to build a life for themselves by providing small low interest cash injections to new businesses well recent studies however show that this much price system of my chris credits can easily be abused our report takes us to come bodie where millions of people have taken out a micro loans with many of them falling into debt spirals. every time naomi young turns on his water pump he's reminded of his 1st microcredit he bought the pump with a $200.00 loan from a micro finance bank. he thought that the pump would help him irrigate his rice paddy giving him a better harvest and more earnings so that he could quickly repay the loan. it

was a good plan but then the rise in prices dropped. the expected profits vanished and today naomi young is broke and can't repay the loan. i don't know what to do i'm not earning enough money but i work hard every day to feed my family but i'm more and more in debt i don't know how to escape it. when i don't. think it might be. he had to offer his land as security for the loan if he can't repay the loan by the end of the year the bank will take his rice field meanwhile he owes a total of 5400 dollars to several micro finance banks that's what most cambodians earn in 2 years. it gets me down i feel under pressure i'm scared i'll lose everything looking back

i was much better off before the loan than today our life was better than you like the animal but by. when i get what i thought. and i thought. and he's not the only one who feels that way not only in his village but all over the country nearly 2000000 cambodians have taken out micro loans and hundreds of thousands borrow money privately. the capital phnom penh is the booming economic heart of the country its standard of living is rising rapidly and many people who would like to be part of it are easy prey for unscrupulous micro finance institutions. to my eyes many banks don't even ask clients for a business plan sales reps persuade people to take out a micro loan because they get a commission the uneducated borrowers don't understand the terms of the loans but

with their signature they take the 1st step into a debt trap. but i'd become. more and more micro finance institutions are appearing they're practically unregulated and the ones who pay are the ones who have nothing like rice farmer on. his attempts to get out of debt are becoming more and more desperate now he's planning on driving years used took took as a taxi maybe he'll have more luck with that than with other business ventures he can only keep struggling and hoping. and that's your business update here and you w for more to go online and visit. dot com follow us on twitter for me on the business team in berlin thanks for watching.

the cry for freedom in the fight for freedom will always accompanied by music. transcend dreams and bring us all together.

our 2 part documentary about the revolutionary power of music. arts in john the songs pieces of history. was songs like that don't go away stay with us for all time i. was the sound of fresh starts feb 7th w o. this week on world stories india women fight for opportunities in south africa black mamba protect rhinos. but we begin in germany 75 years after the holocaust

german president steinmeier has mourned a growing anti semitism up berlin monument is an important reminder of the jews murdered by the nazis right next to the german parliament 2700 and the 11 studios of concrete some of them over 3 meters high. the holocaust memorial and the linn is famous among visitors from around the globe daniel is one of them he's from the netherlands and today he's here for the 1st time going down here if you feel like you're really going into its. dollars of slots go. the smaller you get basically. it really gives you that like the walls are getting very close like you're being locked up in a way isolation helplessness disorientation these are the reactions that american architect peter eisenman hoped to provoke in visitors

walking among the steels of the memorial to evoke the suffering of jews persecuted during the holocaust.