monday evening police shot dead one of these fellows one or more photog 1st of all to still be a flock. coming up next year and it'll be a new spike jones will bring us all of us business news i'm terry marshall thanks for watching. it was the 1st international tribunal in history. the nurnberg trials. of 75 years ago high ranking officers of the nazi regime of morning judging by the allied forces. were the 1st war criminals to be held accountable for their crimes from. best buy to pick out them on. going.

paris for new year's frasier. our 2 part series the 3rd reich dog starts nov 12th on g.w. . just how resilient is china from the trade routes with the u.s. to the coronavirus can damage china's economy seems to weather all storms we talked to 2 experts to find out more about china strength and slow. also coming up a major construction project in the baltic sea comes on the scrutiny of that theme on tom will be stopped by the court. welcome to the business i want to get good to have you with us. the world's largest economy is going to the polls today

to elect a new president 4 years of donald trump in the white house have changed the global economy despite his america 1st mantra china grew from strength to strength under his watch. it's a bug's life setting records mobile payment company is expected to raise as much as $30000000000.00 when it debuted on chinese capital markets this week the company's i.p.o. will be a purely domestic affair due in part to rumors but washington is mulling blacklisting china's latest film tech darling china's technology sector most still lag behind america's tech titans but they are catching up and many expect china to overtake the u.s. as the largest economy in the world in 1919 the united states g.d.p. was 16 times the size of chinese g.d.p. now it is less than twice the size. low tech manufacturing still makes up the

lion's share of chinese g.d.p. observers say high tech innovation is likely to drive beijing's economy to new heights. this. china's answer to silicon valley president she hopes this new high tech innovation will cement china's leadership in here under strain but western countries are pushing back against china's new homegrown tech giants. last year u.s. president donald trump slapped sanctions on chinese tech giant huawei and many european nations are mulling some of the actions of the security and competition concerns surrounding while waves 5 g. technology. oh a can of war. to make all last i mean for for worse than congress making or laws needing something for your government supported business right. they don't care making losses doesn't really wouldn't hook

them. that they play a completely different game. china's president xi jinping recently outlined a new do also kill ation economic strategy more domestic demand and technological innovation less integration with the outside world and thanks to a new wave of economic protectionism and the breakdown of traditional western alliances china has remained fairly untouched in light of human rights abuses. what happens in hong kong and in she have remarkably economy consequences for the chinese chinese government at least talk to them but the current vice pandemic has led to fresh mistrust and the chinese government and that could cause more chinese companies to go public at home. of a more i'm joined by andrew adair he's the founder and c.e.o. of d.c.

berlin consulting good to have you with us andrew china is it looks like it's going from strength to strength what does the country's resilience fundamentally need for the u.s. economy and its weight of the rest of the world or more america is it's a big competition and it's going to remain so i think the. you know the most important point to bear in mind is that the u.s. still does have some inherent strengths it's still the safest investment in the world still safe haven investment use the u.s. still has the world's reserve currency the the best concentration of research universities the strongest military etc but i think the thing that's most important for the united states now is you play to its inherent historic strength of working

with partners and working with allies and that's something that china doesn't have china does not have an alliance system it's only ally in the world is north korea so if for example as in your setup piece. it alluded to the fact that there's going to be this separation this decoupling of the economies and that will continue but for the united states to continue to lead it will have to work with its allies in europe asia and around the world ok obviously that is not exactly what we see in all of the pos for years things might change of course but what we've seen sadly is that while the the coronavirus pandemic just to take the latest crises while that started in china it had a big impact and still does have a big impact on the u.s. economy why's that. it was a couple of reasons i think monica well 1st of all the big elephant in the room

course is today is election day in the united states you know these america 1st policies. you know may have come to an end relatively soon if joe biden this warning is the next u.s. president on january 20th and in a matter of weeks. you know the united states is a democracy unlike china and china the they have an authoritarian system that's a surveillance state that gives them certain inherent advantages when you're talking about economic resilience and economic growth. but the united states you know we we have not been able to get any 2nd relief package through congress in the last few months which everybody you know the federal reserve in all or economic actors believe is a must in order for the. american economic prosperity to continue we have to get another relief package through and then we need. a credible national plan

to get the pandemic under control and that's something that president trump has not been able to offer so united states has a political leadership vacuum right now that could change in the coming months you know you just said that china is a democracy i mean it's the 2nd well 2nd largest economy right now. but it's not strictly speaking a democracy it do you say that there is anything out there that they could jeopardize the country's attraction to foreign investors to global business well certainly it has become incredible investment opportunity and it will probably continue germany so but i think the. i think it's really you know it's a systemic. it's a competition amongst among moderates so the chinese model of governance is now

competing against the western model and i think that their prowess you cannot brow us will continue to pose this challenge to the western model and that's again why the west must come together must work together the european union the united states. and you know countries like india countries like south korea japan and there is a groundswell of support for these types of alliances now coming together to do provide an alternative to the chinese model all right and to a day there founder and c.e.o. of d.c. berlin consulting think you so much for your time and well a concert happy election day but it's actually going to be an interesting one thank you for your time again thanks monica. and now to some of the other global business stories making news. many british banks and foreign firms that previously used in london as they gateway to the e.u.

and are setting up shop in germany germany's bundesbank says of 64 firms have applied to expand operations or come to the country bringing billions of euros with them. all prices have fallen to a 5 month slowest coronavirus drop downs go into effect across europe the fear is that more lock downs will slow economic growth and that's demand for oil will plummet oil companies like b.p. and shell has laid off thousands in the wake of the pandemic. so here we are how can. german federal court is due to rule on a major european infrastructure project it's called the same r. and belt tunnel a direct connection between denmark and germany are funded by the e.u. the plans tunnel has and raged environmentalists and residents of the island of say

man who fear that the construction work will scare away tourists. a ferry is still the only connection between the german island defi mon and denmark at the moment the trip across the baltic takes around 45 minutes the planned tunnel would shorten the travel time to 10 minutes great news for drivers but for the private ferry company it's a threat to their livelihood. scanned lines is going to court suing the tunnel project for unfair trade practices. if it does the for my our main grievances the use of e.u. money to build the tunnel. we demand transparency if. it's wrong that the project received unlimited state sponsored subsidies without any time limits imposed. the case that. the project is set to cost more than $7000000000.00 euros denmark once it done fast and has already began building very end of the tunnel. the largest

working toward in europe is being built off the coast of the island of lowland and should be completed by the end of next year. on the land the groundwork for a gigantic factory is underway this is where the concrete elements for the tunnel will be produced in the future. it will be the world's longest immersed tunnel with 18 kilometers of train tracks and a 4 lane highway. by building just connection and we can actually save a significant amount of time and fuel ponds c o 2 emissions by connecting 2 industrial aha plants together with a correct ruling that is also why the european supports the project. but resistance is building up on the german side environmental activists fear that

large areas of the environmentally compromised baltic sea would be destroyed by the time. and the tourism industry on the vacation island of fame on is concerned as well years long construction could scare away visitors. who have bought them so that of course bush to we expect a 9 to 10 percent drop in tourism because of the huge construction site experts have done several studies and that's something we have a lot of respect for. connecting the charnel germany's rail and road network is being hotly debated around 800000000 girls have been earmarked to do just that but experts say it will cost much more the 1st. the best for.

the next pandemic is just a matter of time. scientists in brazil are convinced of this. the destruction of the rain forest continues the habitat a wild animal carrying deadly pathogens they want to prevent even more some breaks brazil the finest hunters. next on.

first girl who could ever know for sure that it was i was there also some of the you must be vocal in support of. what saving was able. to deliver. on the hunt for deadly viruses. yes with the baton to it's. there any movie is to prevent the next catastrophe so all the bats carry a lot of viruses that could trigger can damage so i didn't get. pandemics of which we humans are the cause. because of our destruction of the environment humans are moving ever.