or are they and i mean we're in the midst of simulation of the future you interviewed her and she wished you. were he's going to give money to buy them a war for russia. not in your power to portray men treat analyzers the difficult relationship between russia and the us and between their presidents how does their rivalry and their dangerous mutual admiration for the rest of the. trump and putin starts august 3rd on d.w. . much ado about a russian european gas pipeline the u.s. writter its threats to sanction companies working on stream to warning if europe goes ahead with a project it would become too dependent on russia to talk to an energy expert also coming up the stock markets retreating today as tension between china and the us

flares up again this time over hacking accusations of market correspondent will fill us in. and shop til you drop well that was difficult securing lockdowns now retailers can sell again but those based inside shopping malls have a hard time getting back to normal. i want to come to the business after this his visit to london today the u.s. secretary of state my compare today arrives in denmark on the agenda is likely to be the topic of whether greenland is for sale a year ago the united states and now they were interested in buying the territory rich in raw materials but denmark rejected the proposal another point of contention could be the north stream 2 baltic sea pipeline which runs through danish waters. and sanctions towards companies involved in the project the us is wary of russia's growing influence in europe. for more i'm joined by claudia

conferred the face of energy economics and sustainability of the german institute for economic research good to have you with us please explain why is the us objecting this pipeline. why the u.s. is obviously concerned disturbingly enough exclusively with his own economic interests the usa wants to sell its own fracking to europe to the european market and the possible highest prices and the gas market the international gas market is saturated there is an oversupply and u.s. fracking gas is comparatively expensive and also environmental harmful but the usa and needs europe as a by our country and with this new pipeline us the north stream pipeline us fracking gas what not no longer needed and even less needed in europe but this is obviously why they are against it ok so their business interests are also at play

but what's about this this warning that there is a risk europe could get too dependent on russia for its energy supply is there anything to that. well it's true of both this new pipeline that makes europe dependent and to our studies to pipeline is unnecessary in terms also of energy policy it's very expensive and it also contradicts the european energy goals of. diversifying the energy in parts and it also contradicts the climate goals so the demand for natural gas in europe will decrease we don't need a new pipeline by the again the u.s. goal is simply to fight for their own economic interest talking of economic interest i mean we've heard pretty harsh words from the u.s. side saying get out now or risk the consequences what consequences. well obviously they mean even more sanctions they want to prevent the pipeline from

being built this is their main goal and with this new sanctions they can also succeed more more and sanctions against companies and now even against local politicians it's becoming really crazy and can either companies working on this pipeline actually stomach more sanctions especially now with the coronavirus pandemic. but apparently europe is also also planning sanctions and that also hits also the companies in the usa but also in europe it's not quite clear how europe will react and germany has so far try to meet the americans demands by building a new terminal in northern germany and we recommend instead of building a new energy terminal hydrogen terminal should should be both that would fit into the energy transition goals but also into the hydrogen strategy and that would also hit the kompany the u.s.

a fraction companies as well comfort from the german institute for economic research thank you so much thank you china has responded angrily to u.s. accusations it's sponsored hackers who are seeking to steal covert $1000.00 vaccine research to chinese nationals are indicted for stealing hundreds of millions of dollars worth of intellectual property and trade secrets from companies across the world prosecutors say the hackers stole information not only for their personal profit but also research and technology that they knew would be of value to the chinese government. i mean while china is demanding the u.s. to stop making such claims accusing the u.s. of slander out let's bring in chelsea delaney our frankfurt stock market correspondent chelsea president trump also said last night that the u.s. would be willing to work with china on a vaccine this is all getting very confusing can markets make sense of those mixed

messages. i think it's really difficult for markets to know how to interpret those especially given the lack of a cohesive message from the united states but what is clear from markets is that the risks of more china u.s. tensions are rising quite quickly we've seen just a very wide spread in crease and tensions over things like this spying and hacking scandals but also the obviously of the origins of coronavirus the independence of hong kong so there are a lot of different elements that play here and at the same time these are the 2 biggest economies in the world the trade war between them was really painful not just for those countries but really the entire world and so if we do see these tensions begin to spill over into the economy if we see more terrorists if we see retaliation that could be a big problem for the for the global economy and i chose to delay new reporting from the front of stock exchange thank you so much.

and that is some of the other global business stories making news. a new report by the london based think tank has found that renewable energy sources have overtaken fossil fuels as the new use made generators of electricity the report shows the amount of electricity generated by renewables of the 27 member bloc rose by 11 percent in the period from january to june. and japan has launched a campaign to reinvigorate the tourism industry hit hard by the kobe $900.00 make but it's excluded tokyo due to a covered spike in covert cases in the capital under the campaign the government will come apart on the cost of people's trips to tourist sites. american airlines love turns and british airways have called to on u.s. and e.u. foreign cheese to allow a limited schedule of transatlantic flights the airlines say they're working on

a coordinated common approach to anti coronavirus measures to rebuild confidence in the long haul flights. of 1st an economic crisis then inflation and now the coronavirus pandemic in venezuela 4 out of 5 people now live below the poverty line and restrictions imposed by locked out since large making life any easier and here's a look at how small shops in caracas try to make ends meet. in venezuela most people have gotten used to close storefronts last week the government tightens the exit restrictions for the krokus region this shoe shop is also supposed to be closed but these 2 sisters have come up with a work around instead of shoes they now sell noodles flour and oil that is allowed . an apartment and i think it's pretty hard pretty difficult but you have to keep going you know how it is the thing is that right now we have to survive

even if it's by selling food on the. intel noone at the store is allowed to sell food hygiene and health prada. this shop has also changed its business plan instead of taking portraits they are now selling potatoes and other vegetables. on the pandemic came and we lost our jobs we had the store and what are people buying now . but even the market for daily essential is now under threat from a slumping economy as more and more venezuelans are simply running out of money they can't even afford to buy food and here in germany after a historic drop in sales due to the pandemic retailers and now struggling during lock down the shift to online shopping accelerated leaving germany's bricks and mortar stores vulnerable. reports from one of the main shopping malls. shoppers have been back in malls like this one for weeks but not quite as willing

to spend as before the german retail federation says around 50000 businesses nationwide are fighting for survival and in malls the feats of stores are actually linked to one another. so here's the proposition. mall pub large. that attract a lot of traffic now smaller stores that depend on the tropics. it means that shoppers might be able to find to find a thought for the smaller stores as well. this t. store used to allow customers to come in and test the different teas on offer something you can't really do as an online shopper but that's unthinkable in coronavirus times the store's manager says they were glad to reopen but things aren't exactly back to normal. it's going to be so. i have to say

honestly this isn't how we know the store. there aren't as many people here as we hoped tourists are also very important for our business but they've also been staying away. from i hoping that customers will soon start saying why oh i can actually go to the store again and try everything out and shop in person that's in the eye of being there in person that's what defines small culture that you can make an experience out of it meaning more restaurants more opportunities to compare products side by side more activities it's just that not all malls are good at selling lifestyles even before the crisis. is a consultant for shopping malls i mean god. gave. you the specially in germany lots of small space renters come from the mid price segment and are often all the same noise having what you need most consumers want new things they want

more experiences they want better quality and sustainable collections. i just recently that's a challenge for shopping malls and the crisis is a reason to change its way all the innovation they are ready needed earlier it now has to happen at a faster pace. easier said than done for now reminders we're in a special time abound here surviving the difficult present and then swiftly transforming into a future proof business model sounds close to impossible but as many sectors are coming to know during the pandemic they either have to change or risk disappearing altogether. that's awful business thanks for watching.

combating the corona pandemic. where does research stand. what are scientists learning. background information and news. hour corona update. covert 19 special next on d w. this is some the story of

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