markets but critics accuse brussels of posing business before human rights. you're watching data of a new student being seen is up next with face miss for more news that updates you can always was at our website at stand up you dot com you can also follow us on social media web utopianism christine wound up by cell phone the team will be back at the top of the hour to join us if you can't abide. in the heart of climate change. conference. what's in store. for the future. comes from the major cities the culture inside the culture. and on demand.

language courses. video and or. any time. the big day is finally here britain set to break its close ties with the e.u. 4 and a half years after it spreads that referendum we'll look at how relations between the 2 sides will change what that means for businesses. and it's been a wild ride for stock exchanges this year we'll look back at how 2020 rocked the markets. global comes the show i'm seeing beardsley in berlin well it's finally happening 4 and a half years after its briggs brags that referendum rather britain is set to walk

away from the world's largest trading block at midnight friday brussels time it's been a messy divorce selling the british pound into turmoil and forcing businesses on both sides of the channel to seek cover and we'll have more on that in just a moment but 1st here's a look at what the separation means for both sides. in a comprehensive deal the hardest battles were fought over fishing for britain complete serenity over the national waters was key and had become symbolic for the entire brics it movement eventually london had to make some concessions still over 5 years european fishermen giving up just a quarter of their previous call it tough if london cuts their access any more than that brussels can respond with terrorists. generally speaking trade across the channel will be a lot more complicated after the break exit from the e.u. will be more paperwork. other important factors in the final agreement both sides

continue to have tariff free access to each other's markets and economies keeping a level playing field both sides agree to it here comparable social and environmental standards also government subsidies are closely regulated so as to prevent dumping an e.u. markets. british and us citizens no longer enjoy freedom of movement meaning they cannot easily find work on the other side. asked for the service sector that's 80 percent of the british gross domestic product access to the e.u. market is more difficult after brics it could be especially hard on banks and financial service providers. on the other hand britain is free to make its own trade deals with non e.u. partners including the us china and india. so that's the big picture view of bragg's it with plenty of uncertainty looking ahead now for businesses in the u.k. and europe uncertainty has been a fellow traveler for the last 4 and

a half years without clarity on a trade agreement until just last week business owners struggled to offset risk now the deals all but they're taking another look at just where they stand gregory mcdonald likes to hedge his bets. a few months ago the british businessman bought this factory for construction jack in the u.k. . he produces switches and cable ducts there. but his other factories produce parts for the car industry. with his most important customers located in the e.u. . exports are always free. since prices have to think of said if that's all i think about the artifacts. of the side effects of death while still says that my business think that's what. this

activist things that stick was producing for the home market and for export to the e.u. a complicated balancing act but he doesn't really have a choice whether he likes it or not breaks it has brought fresh uncertainty to his businesses from here he supplies parts to mercedes and b.m.w. having decided a while back to keep working with customers that's why he's planning to build an additional factory in e.u. member countries slovakia britain society for motor manufacturers and traders has predicted factory closures and job losses in the u.k. for years so the fundamental problem is that. a price. taker invests and what we've seen is a direct result of an. investment in very. limited as it breaks it we're in bad enough the coronavirus crisis added to the worries gregory mcdonald

slovakian expansion plans came screeching to a halt. or covert 19 has substance back because we don't have the reserves that we had before to expand further. you know we need cash reserves to expand in says lavaca so we have to wait and build those up again 2021 and beyond after we've got covert out of the way so. it won't stop mcdonald still sees a future across the channel post brags that he's just waiting for an end to the pandemic for now he's focusing on rebuilding the reserves he needs to push ahead with his e.u. expansion plans. and i'm joined now by the hartman she's managing director of the british chamber of commerce in germany good morning ms hartman whiplash seems to be the prevailing emotion or mood amongst

a lot of these businesses on both sides of the channel after 4 and a half years can we say that there is a more positive feeling however now that a lot of that uncertainty finally is gone and we have a deal yes of course we can't say that idiot avoids chaos and. w t o but nevertheless u.k. is leaving the customs union and vision of your 1st and financial. east so it's needed the government's now official flexibility and downs and dementation don't forget and it's a phone book stying treaty don't introduce christmas eve and can't be fully implemented in 7 days but the business is ahead. now i mean could we argue that businesses have had enough time to prepare for customs issues they've known that this is a possibility. yes you can we knew if something was coming and it was clear that the u.k.

will eat the customs union but the plumes we're not ready didn't know if we leave without without it do you think is it just the customs declaration or with the terrorists introduced so that they had their way chance to to prepare not fully prepare for but what we know now what about keeping inventory on hand have many businesses been able to move their goods ahead of time across the border where the previous commentary said coronado was that a bit in the way so they needed to keep the dock and the money that had been coronavirus and also the last couple of days but the borders were blocked you know some some companies had planned to stock up when they had the factories closed and . locked out it was difficult to sell so just getting goods across the border is the short term maybe mid term challenge one of the long term questions ahead as we look at this trade deal. what the long term is just to get ready and to implement

it and to go not only see the changes and the problems but also to see the opportunities that we need to get into a routine of what we need to know now and islamist you have to you know it's all going to be in the long time i see a positive perspective not the problem of the problems lie in the implementation and you know u.k. is of 66000000 it was situated custom us market and i'm very sure that business prepare for the changes and opportunities and get great and keep moving all right ok harman managing director of the british chamber of commerce in germany thank you for joining us thank you. and let's take a quick look now at some of the other business stories making headlines the u.s. says it will raise tariffs on a range of goods including wines from the e.u. it's the latest development in a 16 year battle over subsidies paid by the 2 sides to boeing and airbus further

charges are being placed on airplane parts as well as brandy's from france and germany. the. factory activity in china slowed modestly during the summer that's according to the purchasing managers' index released on thursday demand for chinese exports was hit by fresh lockdowns and strict containment measures in key markets including europe and the united states china's trade surplus rose strongly during the period. protests by farm workers demanding better wages in peru are expected to rage for a 4th day thursday the railing harvests of some crops and snarling transport of produce at least 2 people have been shot dead during clashes with police workers say a planned wage increase that $13.40 a day is not enough well it's the last trading day of the year in most countries some have actually already closed trading and what its mulch was year it's been for exchanges around the world our financial correspondent in frankfurt ashutosh panday

take stock. the world is in the middle of the worst recession since the 2nd world war but you wouldn't know that the performance of the stock markets this. global markets kept breaking records after records even as log downs shuttered forms and costs millions of jobs tech companies like apple google and amazon outperform the index so did the so-called stay at home stocks leg zoom and netflix but it was tesla stole the show soaring more than 600 percent this year but the miracle of the euro was or oil prices turning negative which meant traders were essentially paying buyers to take oil off their hands oil prices were battered by a record slump in demand due to the pandemic and a price war led by saudi arabia they finally recovered some lost ground when riyadh and moscow agreed to unprecedented output cuts the pandemic added to gold safe

haven appeal the precious metal breached the $2000.00 an ounce milestone for the 1st time but gold's tunder was stolen by bitcoin the cryptocurrency emerged from the fringes and forced mainstream investors to take notice bitcoin enjoyed a wild run splashing records after records as institutional investors and public companies joined the party the global rally was supported by governments and central banks which get the money taps wide open that's something the markets would be hoping to continue even in 2021. when the e.u. and china say they're on the cusp of a major investment deal and we asked friends well goldman for his take he's director of the asia and china program at the european council on foreign relations a pan-european thank you. i think it's business rather than what it takes it's a product of the trade and it's your product of the german presidency by chancellor

merkel who prioritize really. the industry issues and maybe that should be right for investment the of the only problem is that in china everything is political nothing is purely economy what the premier is doing is confirming to the chinese companies that they have access to the european market which they always have the problem is the other way around it's above the you access of european companies to the chinese market which has always 'd been more close in terms of investment because of the way that china entered into the world trade organization as a developing economy with special rights. all right friends will go to mt there with the e.c.f. are talking about that a huge china investment deal in the works and now before we go a look at how far the world of robotics has come the engineers boston dynamics have been planning this 2020 farewell party for you. know this isn't computer generated it's the real thing is guys aren't just good dancers they're experts at remote

inspection and sensing that's their day jobs i think and have become extremely flexible and accurate in every motion even on the dance floor apparently japan's hyundai i recently snapped up boston dynamics valuing the company at over $1000000000.00. all right that's it for me and deed the business team no dancing here to fight is on. to own. or not to own. what about a sharing economy instead. of a change in thinking is changing the economy to create something new. the economics magazine in germany. next on d w. happiness is for everyone human penises are very different from primates you

know we have a totally ridiculous romanticized view of nature david and this is climate change brags sex how to improve books you get smarter for free you know we've got 600. some are celebrated some are vilified and some are ignored but regardless of how they're received whistleblowers have helped inform our picture of the world often at great personal costs to themselves speaking truth to power that's our topic today on made now here's one prominent figure.