but few hollywood stars are making the journey this year because the u.s. and its various stone shut down venice is the 1st major film festival to be held in person since march the event is closed to the public. this is. the business and next i'm brian thomas thanks for being. up to date don't miss our highlights. program. dot com highlights. carefully. to.

discover the. subscribe to the documentary. a devastating end to a golden rod australia falls into its deepest economic slump of record as coronavirus paralyzed business activity and put an end to almost 3 decades of growth also time is taking indeed proposed sale of chinese video services but circumstances for a deal seem to becoming ever more difficult. and the aviation industry has mostly been seeing a crash landing in. tonnes of goods ordered online freight business is booming

we'll show you off the coast. i'm chris welcome to the program sales for the u.s. operations of chinese video service have been complicated by the question of whether the core algorithms would be part of the deal those algorithms decide what videos users see without 1st require a requiring them to follow all the users or specify their preferences were considered part of the deal until friday when the chinese government introduced export restrictions on ai technology the move followed u.s. president effort to force a sale of to talks u.s. operations by september the 20 is. for more on this let's cross over to correspondent sold saying han and thai paid so good to have you on the show the tick tock sale is getting more and more complicated tell us why.

well not long after the trauma the stray sion force talks u.s. operations the chinese government introduced export restrictions. to fisher intelligence technology that appears to cover content become a de janeiro resume and to talk as power with this algorithm so they know what their users into and what they are doing and how they're using thins and that's why and one of the key reasons why these big u.s. companies want to buy it but now both buyers and sellers buy dance they're trying to figure out whether these other reasons need chinese government approval for transfer and if so whether beijing would say yes and that's why the deal is getting more and more complicated now what could take talks owner the chinese by chance do under these circumstances while they really have to be very very

careful if the owner of by dance sells the technology without a license he could go to jell because this is. them with smuggling and illegal business operation in china so many experts in china they suggest that by dance should disband the negotiation and the trade process and complete the application procedure otherwise people concerned will risk criminal was the possibility so by dance it's really under pressure from both the u.s. that lie and the chinese government's new regulations so it's on hand in taipei thank you. australia as golden run it is over 29 years of consecutive economic growth have come to a stop as the country real from the coronavirus and australia's economy contracted by 7 percent in the 2nd quarter pushing the country into the 1st recession since

$991.00 and then as australia continues to deal with fresh outbreaks immediate recovery looks even more challenging. it's a blow for the normally resilient australian economy the pandemic has taken its toll here the economy already contracted slightly earlier in the year but now our g.d.p. has fallen again and the country is finally in a recession the treasurer made no bones about where to lay the blame our record run of 28 consecutive years of economic growth has now officially come to an end the cause a once in a century pandemic the effect a covert 19 induced recession. it's a strategy as 1st such downturn since 991 and frydenberg told reporters this crisis

was like no other in the years following the global financial crisis as economy was relatively unscathed thanks to the economic management of the rudd and guillard governments and the message of economic stimulus package until 2019 g.d.p. continued its upward trend but the economy is predicted to contract by nearly 7 percent overall this year the treasury warned the recovery is likely to be slow and difficult road ahead we long road ahead will be hard the road ahead will be bumpy the country joins the united states japan u.k. and germany in recession. and now to some of the other global business stories making headlines brazil's economy shrunk by almost 10 percent in the 2nd quarter pushing the country into a recession president variables in our 0 who previously downplayed the health risks

of the coronavirus pandemic has now extended a program to give cash to the 4 brazil currently has more than $3900000.00 confirmed coronavirus infections facebook has announced it will no longer allow australians to share news content on these platforms if legislation making it pay local media past australian officials say the legislation would create a more sustainable sustainable local media industry or original content is compensated. for german lawmakers are poised to launch an in-depth inquiry into payment company wire card and members of the green party now say they'll join other opposition parties in voting for the investigation next week the announcement comes after a 2nd day of closed door hearings in the german parliament members listen to testimony on the wire called lobbying efforts at the chancellor's office as well as regulatory failures why incur why part is accused of falsifying revenues to cover

any of the 2000000000 year old role on its own. get more of this from w. financial correspondent chelsea to leonie in frankfurt a parliamentary inquiry what exactly does that entail. it's a significant escalation and the. investigation into what happened at wire cart and how much the german government really news so there have been several special sessions and parliament over the past couple of months to figure out what really what happened but a parliamentary inquiry is a much stronger tool it acts in some ways like a criminal court so the committee would be able to for example call witnesses they would testify under oath if people refused to testify they could find them they could also request documents and communications from for example the finance ministry or from the banking regulator so it has

a really broad mandate and it would be able to do a much more intense investigation into what went wrong at $100.00 jobs or who might come under fire in this process so the main question is really for this for this parliamentary committee would be what did government officials know so there is still a an investigation happening into what into the company into the c.e.o. into all of these executives out why are card by prosecutors in munich but this parliamentary question committee would really be focused on the more political angle so. obviously the question is how did the government miss this how did how did the finance ministry not heed all of these warnings that have been really being . shouted from the rooftops over the past couple of years so that would really put the finance minister under under

a lot of scrutiny and also chancellor merkel who had been lobbying for wire heard as recently as last year so a lot of a lot of political questions would come out of this as well as the dylan in frankfurt thank you. every nation is going through the biggest crisis in its history with many seats on jets still empty freight business is the one bright spot for the industry is booming as people are shopping online like never before during the pandemic which means employees at german logistics giant d.h.l. for example have a lot to deal with these days. that d.h.l. freighter arrives packed from nose to toe with the express packages. manager yvonne seidel is in charge of unloading and rerouting them these planes just arrived from zagreb team has only 30 minutes to offload it.

yet there are more and more night learning of the numbers going up to 65 and sometimes there are 70 aircraft. express delivery service d.h.l. is international hub is located in eastern german city of light. years businesses continue to improve for what is the world's largest logistics company during the pandemic it specialists have to seek out every centimeter of available space because as the coronavirus crisis broke global passenger flights screeched to a halt vastly slashing capacities for air freight as well that's work to d.h.l. is advantage if you're new. to and we've been experiencing growth for years. but especially now during the coronavirus crisis we've seen all the loans reduce their capacities. 2000000000 if you take into account that 60 to 70 percent of freight volume is transported in the holds of passenger planes it's easy to imagine

that if the airlines disappear if we lose that capacity then things are going to start piling up failed. tonight assignment involves sorting 400000 expressed packages and bulky items. the packages of them loaded onto other planes for the next leg of the journey. 2000 employees work the night shift here. as my bucket people pay good money to have their delivery by 6 in the morning all by noon we're in charge of making sure everything moves as fast as possible never in the business yet. once cabin container loading has been completed yvonne's idle has to monitor the loading of the plane's holds. this work is done by hand. and then power the fuel loading so-called loose freight into the belly here the

same way passenger baggage is loaded in passenger planes because this plane only has 15 positions for securing large containers in the cabin because. after an hour the aircraft ready for takeoff and on its way to frankfurt just one of $65.00 landings and $65.00 takeoffs every night i'd like to get a quarter. if you want more. thanks for watching.

do it yourself canyon style of lincoln while my build the electric wheelchairs from scrap metal. he wants to help people with physical disabilities in an environmentally conscious way his clients are very enthusiastic. about. global 3000. next on the top line.

why subscribe to d.w. books you meet your favorite writer sometimes you can live a story holds me and you how to respond to the books one to. love him to global 3000. this week we go to paris to find out how the pandemic is reshaping the fashion industry as we know it. we had to tyler.