beethoven is for us. is for. beethoven 2020 the 250th anniversary here on the new. facebook and google watch out the european union is known for scrutinizing u.s. tech giants on privacy and tax issues now the bloc wants to compete with an artificial intelligence also coming up a new study shows that german export businesses are likely to say good as china commits itself to stepping up purchases from the united states and as the new coronavirus severely limits movements of chinese travelers a tourist hot spot in switzerland is trying to deal with the fall. of course coburn

berlin it is good to have you with us we'll get to these stories in a moment but 1st germany is in shock following a mass shooting in the western city of hama 11 people dead the attack happened in the city of qom now close to germany's financial center frankfurt cannard bosun joins me from there economy a country in shock how have people where you have are have been reacting to the events. well chris this is a shocker for everyone living in frankfurt and in the area you know the town of now is only a short train ride away from downtown frankfurt so of course everyone here is now talking about this and not only because of the brutality of the shooting but also the question of how different ethnicities live together in our country is being more loudly discussed now it's interesting this morning when i arrived at the stock exchange talking to colleagues from other television station talking to

traders at 1st most people thought well this must be a case of clan crime of mafia crime because those shootings happened in those sheets of us which are often frequented by my guns turns out this was absolutely not the case so we all have to be really careful with our presumptions and with our bias cannot go from frankfurt's with reactions to the deadly attacks in the city of hama a common thank you. now the european union is already taking an aggressive approach towards the likes of google and facebook with its anti-trust investigations and tech tax plans but now that you says it wants to beat the you as wet majors at their own game by competing with them on artificial intelligence. and brussels for a university the european commission's president meets artificial intelligence head set of u.n. hands by a computer tomography image belonging to

a real patient. we need clarity about data and especially in health research data is a bottleneck the european commission is supportive it's out to catch up in the race against the us internet giants millions of europeans have handed them their personal data but europe aims to benefit from the next wave of battle for industries that are stopped now and you up will be to make better for european industry is sitting on a wealth of data that could be shared in a continent wide mega cloud more data a better artificial intelligence just a smart machines take ever more decisions about we humans comes all the way from nice to have to life or death so it is important to try to understand what is the kind of risk that we want to deal with on monday facebook's mark zuckerberg was in brussels but he found little solace there.

it's not us that need to adapt to distract from it is that forms that need good up to up. sounds like a clear call to arms in reality not official intelligence is anything books again. u.s. lawmakers have moved to remove aerospace industry tax breaks that have saved boeing up to $200000000.00 annually the move is an attempt to ease a trade dispute with the european union over at kraft subsidies is more bad news for boeing which has been beset by issues over its 737 max earlier this week it said it had found an want to debris in the fuel tanks of some of the planes which have been grounded following 2 fatal crashes the plane maker says it still hopes the jet can return to service later this year. meanwhile boeing's european rival airbus says it plans to cut almost $2400.00 jobs from its defense

and space division before the end of next year the unit employs a total of $34000.00 people worldwide because it's are a result of slowing activity for the space unit and delays to key defense projects last week airbus announced a 1200000000 euro fine from its a 400 m. military transporter project contributes to a 1000000000 euro loss overall 429000. now the new china u.s. trade pact could be bad news for german exports that's the outcome of a study by the keel institute for the world economy in the so-called phase one of the deal the chinese commit themselves to buy u.s. products worth $200000000000.00 a year and that means a lot of what china used to buy from other countries like germany will now be bought from u.s. companies the research team estimates that german exports could shrink by 4 and a half $1000000000.00 euros as a result that's 5 percent of total exports and now the coronavirus has entered the

picture and the harder it hits trade the worse things are set to become most vulnerable are the automotive. v.a. ssion and engineering sectors for some more analysis on the story i want to cross over to the somali choudhry she's a trade policy analyst at the institute for the world economy was come to the program. the increase of u.s. purchases by the chinese i mean they're largely include energy and agricultural products why should germany exporters manufacturers be so concerned and good morning i thank you for having me so 1st of all the reason that japanese exports are a major concern is that the agreement does count for an increase for a change in the manufacturing sector and our belief. that these accounts for

about $1300000000.00 u.s. dollars per acre $1600000000.00 for akron and these are there are sectors which will be affected in germany's experience and what's deposit to be noted that with the crew members are great it's likely that domestic demand in china will be more treated and as a result i don't given that agreement exists how much of china prospectives from the u.s. this implies that there will be a reallocation market share in industries which i don't dance to the most heavily prong europe and from germany and so we've got to lead what will be the extent of these allegations in trade diversion effects and the e.u. like neville we estimate that about $11000000000.00 us dollars hurt wouldn't be lost in comparison to my account of the actions or not you're going to grant you

want with $200.00 or and or critically and this is just phase one that has been signed by the united states and china do you see more trouble ahead. still there are many aspects to this 1st is that where you are already eaten are treated gone public don't want to. leave the vividly the ever subsidy dispute we often look at us as blocking the plane into the not to do applicability there are 3 daily doubts don't steal an admin you. and a class trip the tabs on your view of the city only you know just interject here that it's a so the idea the idea to to for a countermeasure would be a trade deal between the un charter and the united states the best countermeasure. so that that wouldn't be here and i do you think how do you but i thought very difficult dots ahead laura where we would have to see whether people at is willing

to come to the negotiating table there are some who i would ask from the us and given its recent agreements with japan and china this agreement gadgets are behind us i mean trick and demand were concessions complete you would then the us is willing to. steal a child or a trade policy and kill institute for the world economy some enough thank you for your thoughts. time is banned on group travel thanks to the covered 19 outbreak has had destinations around the world that's especially tough for local businesses as chinese visitors are known to spend more cash there on average then tourists from other countries take interlochen in switzerland usually a magnet for chinese tourists but nowadays the numbers have dropped and the visitors that do are arrive spend their money more rather on face masts rather than on swiss watches straight to the top of europe the young fellow you are where everyone wants to go especially the chinese normally 10 percent of the to see it

come from the people's republic of china but beijing's group travel restrictions to contain the coronavirus epidemic have seen to its numbers fall dramatically in interlochen residents can feel a difference. also i got more space as residents normally the streets are full of chinese to a groups and you've got to watch out for them on their bikes when you're driving. along with them all told but right now it's quiet. this pharmacy usually sells luxury cosmetics to chinese tourists right now face masks are flying off the shelves pharmacists and on a portman how to get more in a given help until next i thought they were sold out inside a few hours we ordered a 1000 more packs they tore those out of our hands as well but they barely arrived in the queue and all the way out the door if you don't always. hear chinese visitors in interlochen certainly means losses for retailers after all the swiss

make 80 percent of their watch sales to the chinese but tourist or 30 monitor or scarcely is taking a calm approach you see so every crisis is also an opportunity right now the chinese aren't coming i'm convinced the coronavirus is media hype it'll soon die down through i'm convinced it will all be over in a couple of weeks or so why would this leak and just a question of marketing then meaning that even if the coronavirus has led to a cooling of tourism relations the chinese love of switzerland won't be affected in the long term. and finally it's to argentina where the international monetary fund says the country's debt is not sustainable that conclusion comes at the end of a week long visit from an i.m.f. team thousands took to the streets in protest when the delegation arrived a $44000000000.00 bailout loan issued by the organization 2 years ago is deeply unpopular in argentina the new left wing government wants to renegotiate upwards of

a $100000000000.00 in foreign debt as it struggles under the triple burden of recession high inflation and the 2080 market crash. and that's it for me and the business. i'm here berlin after the break sara kelly will give you the latest on the deadly shooting in the restroom in the town of qana thanks for watching and stay with us.

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is g.w. news live from berlin a far right extremist shoots dead 11 people in germany the suspect opening fire at 2 bars in a town near frankfurt reports say that the gunman killed his victims execution style prosecutors are treating it as an act of terrorism we'll have the latest from our reporters on the ground.