opposition protests and just last week lucas shrinker met with the international hockey federation chief rene faso who had hoped that the tournament would unify rather than divide but now i see these world governing body of saying quote it's currently impossible to ensure the welfare of the teams and spectators. i that's it for me stephen beard is up next with the business news ticker around he will be right back. there i'm david and this is climate change. happiness in 3 books. this is the book for you. to get smarter for free you know where you go on you tube . how does

a virus spread. why do we panic and dream will. come true just 3 of the topics covered and a weekly radio show is called spectrum if you would like any information on the krona virus or any other science topic you should really check out our podcast you can get it wherever you can get your podcast you can also find us and dot com forum slash science for the. new car making giant makes its market debut can still a fusion of p.s.a. and feel chrysler guide its 14 brands along the car industry's bumpy road into the future. also in the show more positive economic figures for china but what will the new biden presence in the u.s. mean for the country's trade fortunes. and british fish exporters take their

complaints directly to parliament because new customs requirements with the e.u. slow their trade costing them money look at one fishing community hit hard by the new red tape. glowing welcome to the show i'm stephen busey in berlin it's good to have you with us oh a new auto giant made its market debut on monday. not exactly unknown it's the fusion of car makers chrysler out of the u.s. and france it's now the world's 4th largest auto company but is the largest for the car industry's electric digital and possibly automated future is a look. still mantissas portfolio includes pleasure opel and sits home all of which are very popular in europe and chrysler has added venerable u.s. brands jeep into the mix. the new transatlantic automaker owns 14

stone mantis is now the world's 4th biggest co maker off to vote track and toyota and the red no nissan mitsubishi alliance. c virus hopes the merger will leverage synergies that will save billions of euros including reducing the many platforms its vehicles around to just a handful by joining forces stand on his hopes to make an easy a shift into electro mobility. analyst 4 counts that the merger could see the closure of underused factories virus is notorious for tough cost cutting measures the official line however is that all counts will remain open. so how did the markets received the losses on its 1st day our financial correspondent chelsea delaney has this look. a lot of the stock market debut was a bit of a blockbuster shares start up trading about 3 percent at one point they were up about 5 percent in trading in paris so and masters are looking at this tie up as

really positive and a deal that gives really a shot at the future many automakers even the biggest are really struggling right now with the shift to electric vehicles and by pooling their resources at p.s.a. and chrysler should be able to be a bigger competitor in this market in the future one of the big questions though is how they will go about saving money they said they want to save about 5000000000 euros but for now they're saying they don't plan to cut jobs they don't plan to close factories and they plan to maintain all 14 brands that they have analysts investors are a bit skeptical that'll actually be able to achieve that. financial correspondent just a delay there in frankfurt over age where new figures show the chinese economy grew in the 4th quarter of 2020 underlining its rapid recovery from the pen demick results to a stronger than expected 2020 for the country with growth of 2.3 percent china appears to be the only major economy to avoid shrinking last year as other

countries struggle with the impact of covert $19.00 and $1.00 of those are those countries of course being the us which remains in a series of trade and diplomatic disputes with china with global consequences so with the new president coming into office this week many are wondering where those disputes are headed here's the deal used to be alone. what comes next after america 1st 4 years of donald trump have left their mark on the international trading order torn up deals trade wars tit for tat tariffs and it's hardly been a resulting success take the trade war with china washington slap tariffs on billions of dollars worth of chinese products but record amounts are still being spent on them while american exports have only slightly improved china's trade surplus still skyrocketed to over 75000000000 dollars exports to the u.s. are still growing. know how to deal with china is a shared question for both the e.u. and the u.s.

they both want to be present in the chinese market because it's huge but they also want to get china to play by the rules but it means respecting intellectual property and having the same conditions for european and american companies in china as the other way around and they don't want china to have unchallenged technological dominance in the world they just haven't figured out how to achieve those ends yet together or separately put out a timer multi-lateralism has supposedly floundered china has since become a signatory to the world's largest free trade pact the regional conference of economic partnership involves 15 countries making up close to 30 percent of world trade deal cuts as much as 90 percent of the tariffs on imports between its members within 20 years of coming into effect. now it's worth noting that. was 1st proposed in 2011 and that's quite a long time before the us china trade war even started so it's not as if one person

potato the other but the us that you should sit up and take note anyway are sad might not mean as much economically right now but it means that these countries have agreed on a joint economic venture it is a flora it's a building block. that these countries can and will build up right so it's kind of it's it's it's a stepping stone if you will and that is kind of the part that should for a the e.u. and that should for a the united states you and the u.s. have a host of issues to deal with before they could repair and eventually strengthen their relationship so that they can counter the outsized ambitions of china which i'm all other ways has cemented its international influence by signing a sweeping free trade deal with its neighbors and beyond i mean that's manageable but it is also of course a special top job i was going to use inheriting

a very. you know dramatic. economic situation to basically use there for because of the pad there may be going to be further for both domestic oil reserves and present those who really hope that the biden administration is going to our share in a new era of closer transatlantic trade relations i think they're going to have to be patient for the 1st couple of years. while a golden age is hardly to be found in the time of a pandemic there is a golden opportunity not to return to the system before donald trump but to make it better he won't make trade great again alone with allies help it can be greater than it was. to help him along with the report let's take a look now at some of the other business stories making headlines. joe biden scrapped the planned keystone x.l. oil pipeline on his 1st day in office that's according to multiple media reports

the move to transfer half a 1000000 barrels of oil daily from alberta to refineries in texas president trump has been a key backer of the project. singapore based ride hailing and food delivery service grab is considering listing on the new york stock exchange this year market insiders say the i.p.o. could raise at least $2000000000.00 making it the largest overseas share offering by a southeast asian company grab is currently valued at more than $16000000000.00 germany says the rest of kremlin opposition figure alexina volley will not affect the north stream to pipeline project to bring russian gas to germany with a government spokesman saying berlin's position was unchanged despite the rule of law violation foreign traders have meanwhile dumped russian currency sending the ruble tumbling. frankfurt airport has had its worst year in decades that's after the pandemic largely brought air travel to a standstill passenger numbers fell by more than 70 percent in 2020 compared to the previous year airport's operator warned it had another difficult year ahead.

with drivers of more than 20 c. food trucks parked near the u.k. parliament on monday to vent their frustrations with exporting to the european union at issue our new link the customs procedures for shipments from britain to the e.u. they went to a place at the beginning of the year following the u.k.'s departure from the blocks customs union the british government says it's resolving what it calls teething problems and pointed to a 23000000 dollar fund rather pound fund to help businesses hit by delays and for business is losing their catch now help can't come soon enough take a look. scottish fisherman in mcqueen would much rather be out on the water right now but what would be the use the language he catches are no longer reaching his main customers in the e.u. since bret's it became official he's only been out twice off the west coast of scotland. the forced. catch never go any farther. because the paper was. shipped it was written off it never made it never made

it to the court and all life neal mclean's langoustines usually end up exclusively at fish markets in the e.u. like here in bologna assume air france but at the moment hardly any cargo comes through from scotland since bret's it and a ray of additional paperwork is required including new health certificates for live catch no mistakes are allowed. to then. travel. on the glory of the plane. and if the slightest if the paperwork doesn't notch up in the slightest way then it's rejected . many fishermen in scotland feel the same way as mcqueen in the scottish port town of there are a few trucks waiting for a fish crabs or mussels destined for europe. but many fishermen like mcqueen want to wait and see if the problems can be solved before they send their precious

cargo into the unknown. an entire region has nearly come to a standstill many people here are angry i think it's a load of nonsense absolutely besides of the end of the mine that players have just had no help whatsoever bentley in the all weather service for us and i'm trying and a lesson in the coming months just because show can be in line 62 percent of the scottish population want it to mean what breaks it and this is exactly why the 1st . we know it just for the shellfish but for lot of the projects from school and was going to you know. deal mcqueen usually works with 3 men now their future looks shaky. and prices increase. to get to where we were and it looks as

if it's all just. going to have to. convince there's no easy fix additional bureaucracy is the least of new problems that come with threats it for many fishermen in scotland and elsewhere there's no clear vision for what their future will look like. that's it for me and the d w business team as always you can find out more about these and other business stories online at d w dot com slash business that's it for us to take care of us watched. their calm costs and currency. passed 1720 imprisoned in pakistan the largest psychiatric hospital not all of them suffer from mental illness. they are sick of domestic violence discarded by society and

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