said it's crucial to stop the credit becoming uncontrolled with winter still ahead new infections have now jumped above 6600 the highest daily tally since the pandemic began back when else the new restrictions on wednesday aimed at slowing the spread. through watching the w. news from berlin chris cobra is up next with all the latest business news i'm terry martin thanks for watching. every 2 seconds the person is forced to flee their home. the consequences been disastrous for our documentary series displaced depicts dramatic humanitarian

crises from world. fucking thing we don't have time to think i didn't go to university to kill people who don't know the impact that he and painful people feel for their lives and their future so they seek refuge abroad but what will become of street behind. displaced starts october 16th on g.w. . family ties yet again on the negotiating table the new leaders are discussing post-breakfast relations with the u.k. as a deadline set by prime minister johnson is fast approaching also coming up cake pop fever hits the market shares and the management company of korean boyband b.t.s. more than double on their stock market debut. on for scoble welcome to the program

tech and we britain has left the european union at the beginning of the year now during the current transition period both sides are still wrangling over their future relations a deadline for a trade deal is fast approaching and today's ears summit is expected to be decisive will the 2 sides keep talking or is it time to prepare for a final no deal bragg's it at the end of the or and e.u. u.k. trade deal would help bolster the british economy at the start of the year the u.k. economy was already already struggling but the coronavirus pandemic forced a sheer drop in g.d.p. now it's come up but far from its previous level the latest u.k. on employment data puts the rate at just 4 and a half percent only a little higher than a year ago however the u.k.'s office of budget responsibilities says the 2nd wave of the virus could push the unemployment figures to nearly 12 percent by the end of

the year of the pound has been looking healthier in recent weeks though suggesting traders expect a deal despite all the wrangling. for more than on this let's bring in maria demurred says she's an economist and a deputy director at bruegel a brussels based think tank devoted to policy research and economic issues welcome to the program maria now the u.k.'s prime minister boris johnson says he wanted to see substantial process in the talks he set a deadline for today now the e.u. says we want a deal but not at any cost you know the ins and outs of brussels with all its policymakers and lobbyists so will there be a deal when i hope so i think at the interesting thing about all of this is that the incentives are aligned to both of the parties want to d.n.

or need a deal and meaning that no deal it will be much worse than an idea so i think you know i wouldn't get something even if you don't get it today who will get it by the end of the end one of the biggest stumbling blocks in the negotiations. yeah there are 3 sticking points actually and to be fair the 2 of them the most important ones have been with us for the very beginning which means you know they are really sticking points and it's important to get them right then what do you hear the most about is the fisheries how much fish. you can just will be allowed to fish in u.k. waters this is of course an important point but economically speaking it isn't a very big point has so you know i there i just can't believe that this will not be resolved one way or the other the other 2 are perhaps bigger and more important one of them is set to do with it the state age rules how much will the u.k. be able to allow to if you like through the negotiations to subsidize its own companies after it leaves also f.x.

of late they you this is an important point to the u.k. economy has been struggling leaving the you in my view isn't economically speaking is not a good idea therefore the u.k. would be needing to somehow find a new business model to operate and you know the incentive and motivation to subsidise my own companies will be there the u.s. very much afraid of that so for the you will be very important to get reassurances that this will not happen at least not in a way that is going to put e.u. companies at any at this level danger and the last point of governance courts how would be this should be settled that in the future maria there are those who say boris johnson likes chaos he doesn't even want a deal what would be the economic implications that. no i think that's that that doesn't make any sense to me i mean you know i or some of it might be political expediency posturing by the men at the end of the day if you are a prime minister you're looking after the best of the country you really do want

a deal i don't think i can see a world in which you can do better otherwise as so i have you know the careless you might ensue if we don't get a deal but i think that only everything will be done on both sides to actually get something even if it's small and in fact he will have to be small in the sense that it will be the confines for something that we can build on a nation is married immerses of the brutal institute in brussels thank you for talking to dublin. now the automotive sector is among the industries watching in suspense whether britain and the e.u. can agree on a trade pact carmakers and suppliers in the u.k. are closely linked to their continental european partners now most companies are already expecting an increase of paperwork but additional taxes could put companies out of business. this machinery has come to a standstill for now car parts supplier good fish has no use for it in the u.k.

anymore chief executive greg mcdonald plans to send it all off to slovakia that's where he sees his company's future so these are the machines i've got. pulled ready to go on a lorry off to central eastern europe into a factory but haven't got yet but if i had it. good fish makes plastic components for the auto industry in britain and europe breck's it has shaken up its business model the company's u.k. production has already been scaled back if next year sees delays at the border with the e.u. it will be fatal for its just in time manufacturing operation. if one part is missing from a call all the calls have to come off the production line and it very quickly becomes an impossible process if the part doesn't the raw will start runs down and then it runs out on the line stop. so. you don't need much to go

wrong. british car makers are already suffering investments have dropped 80 percent in the last 3 years much of the u.k. car industry could die out without a free trade agreement with the e.u. besides delays at the borders there'd be high tariffs as well. i think the u.k. will see its kind of premium on luxury and continue in the future the kind of made in british element to a rolls royce or bell is important but in terms of the mass industry you know if you think about nissan or toilets or vauxhall which is owned by persia many of those plants actually export most of their production to the e.u. now in the event of no deal and tariff barriers there's a question mark about whether that is viable so the mass scale industry could actually down the line disappear. good fish is planning to move its car parts production to eastern europe. jaguar land rover a major customer has already opened

a large planted it slovakian subsidiary. and greg mcdonald has been there looking for a factory space for his company. at least send their quit over there hire people of already been speaking to agencies i've really got a team of people out there who would like to come and work for us they read about us by googling new came out of factory moving just like it. a free trade deal with the e.u. would make many jobs in britain more secure not just that good fish but throughout the auto industry. all right let's talk some k. pop now k. pop is big business shares in the madison a company of korean boy band b. g.s. more than doubles on its stock market debut on thursday you could entertainment's i.p.o. attracted huge demand a reflection of the popularity of its main asset which is b.d.s. the band of that recently topped the us billboard hot 100 with their track dynamite

will see their own personal fortunes boosted by the i.p.o. it also make a big hit entertainments chairman bank see an overnight. billionaire. and now a brief look at some of the other business stories making the headlines a court has find the captain of a super tanker which caught fire off the country's coast in september $65000.00 he faced charges of negligence and pollution carrying $2000000.00 barrels of oil the empty new diamond left to long trails of fuel oil domes you know its owners will pay for longo $2000000.00 for help in the rescue of the ship. since dependent it began portugal's flora's 7 last around 400000000 euros and are finding it hard to access government aid the outlook is not improving with the fall and now they face the closure of cemeteries by local authorities on a day they normally make good money all saints'.

fashion maven senegal is trending at the company sisters of africa is a well known label thanks to pop star beyond city but other designers are also feeling the potential of the african market. located along one of the busiest roads in senegal's capital dhaka this is the africa show room in. this in italy brand was co-created by helen deborah in 20 katyn a clean tell is discreet she says even if her designs burst with color the brand relies mostly on word of mouth and social media in 2018 beyond say even ordered one of her dresses i offered her she was the last one on the floor a dress that she wore to a birthday party. it's a wrap around dress that was in 2018 but we always have it in stock it's been our best seller ever since. the floor address is now known as the beyond say dress to

clients in the us well the black plumes massive movement is driving customers to black owned businesses owners are reportedly worried it won't last but this is an africa co-founder bill ses indorsement definitely helped but her clothes were already trending amongst the african just poor players struggling the club financially we've always done well. not to share african americans but to the african diaspora who are really into the made in africa trend. some designers fickle to appropriation unless the industry can organize itself on the continent and scale up to meet global demand 26 year old design fatima zoravar works with locally was a fabrics she writes herself as a black owned business to 67000 instagram followers despite receiving little interest from the u.s. . over the past 5 to 6 years maybe a bit longer there's been real admiration for the made locally movement that's

developed a man africans shit is africa african fashion is riding a wave of recognition for its creative output of 2 being ignored and copied for decades. producers worldwide have capitalized on african symbolism to sell everything from cars to fashion the difference today is that creativity isn't coming from western brands inspired by africa but from african designers making inroads into the western fashion scene. it's good for them and that's our show if you want more go ahead and check out our website at e.w. dot com slash business or simply go to our social media. olympics watching have stuff successful.

germany's business in the middle kingdom is going well my friend how much longer. china as a trading partner is becoming in the radio. free market access is becoming more and difficult intellectual property. humans rights violations. how much

is this going to. make money. what secrets lie behind the. discover new adventures in the 360 degree. and explore fascinating world heritage site. w world heritage 363 get kidnapped now. stepaside usa soon to take over as the world's biggest economy china is no longer just an emerging giant it's already clearly stealing the top spot on the podium

staking out its claims on every continent with its sprawling belt and road initiative impacting how most every country does business officials in bait.