like soccer, he was great just by juvenile incense in florida. in the world cup with ton dialed his $500000000.00 officer, joined the saudi pro league with miami. messy with a salary plus the percentage of all right. and that's it for me. and those team i'll have an update, so that the top all the, all in the meantime, searching for the w business. news of chris kolber coming off next after a short break. i'm gonna have offices in berlin. thanks for watching the people and trucks inject. when trying to free the city center, more and more refugees are being turned away. the bees correct straight pieces. extreme

200 people around the world. more than 150000000 people each. we ask why? because no one should have the make up your own mind. made for mines of the china as frail post coven recovery is losing more speed. the world's 2nd largest economy grew only 0.8 percent quarter on quarter of mid faltering demand. a lot of expert analysis on where china as economy is, tenants also coming up for digital pressure as high to push

a trade deal between the you and countries of the latin american miracle sort of walked across the line. we met cattle breeders in brazil and belgium and with heed way of sitting parts of asia, europe and the us will show you the impact soaring temperatures have on honey makes . you know, of course, cold blocks from the rover. chinese economic recovery continues to lose momentum. and the 2nd quarter of this year, the chinese economy grew by only 0.8 percent compared to the 1st floor. this highlights the struggles of the world's 2nd largest economy and getting its engine running due to intense restrictions. during the coven. 19 pandemic. china's economy had a troubling 2022. at the beginning of this year, things started to look promising, but again, the growing trajectory is not stable. let's take a closer look at the matter with thomas cuts us clips of the university of sam

callan. welcome back to w thomas, and how much trouble is the chinese economy? it's a good afternoon from the, the numbers of not being good. so that calls for structural reform at china is, is not in travel. it's still going to account for a 3rd of global growth will be coming from china. so, so that's significant. china will grow maybe 34 percent, but it's less than expected. if it's less then it's needed. and let's start talking about start from a form here in a 2nd. first of all, what are the biggest problems run? well, use unemployment is, is a big issue at all. we're at 20 percent. and the fact that china needs to transition from made in china to innovate it in china so, so that calls for uh, you know, moving on to, to higher value added to segments of the,

of the economy. so, so that's another, a challenge that china has. so, so there's a couple of the things that china, you know, it could have been done uh, better, and then you know, so the numbers ends up being a little bit disappointing. and last months the central bank cut, it's a benchmark lending rates by 10 basis points. is there more stimulus coming? mm hm. probably yes, the inflation is very low. so a china kind of afford to cut down uh, interest rates. uh, even further, right. the p. p i was down uh, is down uh, 5.5 percent. that cpi is also close to 0. so, so there is enough room if uh, if you want to add monetary stimulus, that's doable. china, as there's a leeway, but there are concerns about mounting debt and china. you do not share these so

yeah, so those are definitely uh there. um there's different uh, parts of the economy that are in depth. it, for instance, you have the, the local governments now here a solution would be to have a, some sort of tech swap with the central government because the local governments are distorting the economy. so that could be a solution. we haven't heard anything in this regard. you also have the large corporations who are, who are wanting that good. it is a, it is a concern. and not thomas after a strict 0 corporate policies and a crack down on the companies. the chinese state and part of leaders using paying has been trying to rule the private sector. how's that working? yeah. well, um, it's a, it's not yet the taking it taken off. i think the private sector is waiting for the, for a structural reform, a package, a serious, a sets of,

of incentives. this some bright, the aspects in china's economy. like, for instance, the, the easy market, the china is going to be the main ex, border of cars this year. it's going to surpass japan with 4000000 cars. so. so some areas of the private economy doing extremely, extremely well. but overall, there's probably more uh, reform needed and more similar, more signals from the top to the echo systems that they can, you know, get on with the investments again and thomas and blond terms, we have 20 seconds left. give us an idea of what the structural reforms need to look like. so yeah, well, it's shifting from manufacturing to services. i think this is extremely important. and then encouraging those echo systems right. china has been successful in the past because it's been pop down an industrial policy. we've bought them up a copy, the list, old for a capital list, the system. so combination of the,

of both that where the private sector is incentive, ate it, and then some, some area of focus is maybe decided from the top. not i like the i r a in the, in the united states. that combination could be very successful. thomas cuss us flats, director of the china competence center at the university of south gallon and switzerland, thomas, thank you for your time. thank you very much. i and out to some of the other global business stories making news. twitter has lost nearly half of its advertising revenue since the law must took over a better reality for a company was $13000000000.00 in depth. advertisers have been reluctant to spend money on the social platform after mister musk made a series of controversial product and policy changes. russia has seized control of the russian subsidiaries of the defense you over make are done on it. and the danish who calls versus lead a vitamin food and a lot of units be put under what he calls temporary manager. previously,

the kremlin, had warranties. it sees western assets in retaliation for moves against russian companies abroad for the 1st time in 8 years. leaders of the european union and latin america as well as the caribbean, are gathering for a summit. again, trying to strengthen ties, which have been strained over several issues in the past. for example, there is mounting political pressure to finally get a trade deal between the you and the america source states of latin america across the line. they've been talking about a trade deal for more than 20 years. marcus, or as an economic block, including argentina, brazil, uruguayan par, why? and as well as membership is currently suspended, and you americans or deal would cods terrace and remove other trade barriers to create the largest free trade area. and the world would cover about 770000000 people. and about a 4th of the walls, gross domestic product. now,

while some say video offers opportunities, others all worried about the consequences dw, is nadia. punters report from brazil. and lucy or shelton from belgium of the schedule being raised in brazil. much of them each will end up in european supermarkets their own. i am. marina is closely following talks on new america, so a trait hoping it will increase sales to the european union. your scale in europe is a large market. currently the 2nd largest destination for present in beef experts. so we release and hope that it will continue to grow with this agreement. that is finally expected to happen if we hope that you are a pain market will open up for presenting bathroom that god will bill kindly present in brazil, as one of the girls largest casual populations was around 224000000 n e mails. it's also nita in beef export producers here say that beef is better

than what is produced in europe because the animals can be on pest. jeff, all yellow things to the my temperatures. the you and merry christmas dates agree to trade, dealing principal in 2019 but nothing has moved since then. no. spain currently at the rotating helm of the you council hopes to get the due by the end of the year at the capital market in the bathroom city of c. ne traders are unhappy about the prospect of more or less and american beef import. even if quote us would still apply the sick assume that both bruce, the problem is if we put a moving into our market, some type of a negative effect on the price i could use his receipt. so he is worried about the future of 1000 catch of farming if the deal comes on his farm in the countryside casa breach badge and blue cattle and his around $200.00 and the most he says,

brazilian need might be good, but they have flow of production standards filled the water, they have to remove the amazon rain forest. tortures and beach extend it. you have the same and this makes our green pastor redundant and it makes no sense. it's all the damage done to rosie is rain, flowers by kettle, funding has long been criticized by amber man to list the eu has included in the environmental clause, and it's planned for trade deal this macro. sure. but crucial america. so a countries such as you have already rejected it. process flow is lead us from both blocks from monday as they've up to what's finalizing video series heat waves have been hitting parts of europe, the united states and asia in recent days. and while some are only now experiencing the difficulties to just storing summer temperatures have become a regular and iraq infecting particularly heart. those who rely on nature to help

their business. the sun burns mercilessly these days all over the world, whether it is in europe, the us or asia. here in tokyo, for example, people are groaning under extremely high temperatures. the authorities have issued heat warnings, the temperatures can be life threatening. those were out and about are trying to protect themselves. the heat is oppressive. here in iraq, it touches 50 degrees celsius in july time and again, for the 4th year in a row, a drought. the says consequences not just for the vegetation but also for the bees . yeah, and you know, these are affected by high temperatures because the queen completely stops giving birth. also, if the bees are outside and a dust storm comes, half of the beast do not return the call to their hi. uh well that to do that last that i'll be listening to had moved as high a month to honey making as an ancient tradition. here in central iraq, however, heat and drought are putting economic pressure on the beekeepers plans. in the

early 2, thousands, one hive could produce up to 20 or 25 kilograms of honey per year. now the quantity has dropped to just 5 kilo m. spooky portfolio complains as deputy head of the local beekeepers association. he's also worried about stocks a key let me know who would certainly because the bees have a direct association with plans. if there's no vegetation cover, which is something basic, these are forced to go greater distances. so how does this affect their lives span because they have to struggle with that. yes, a i last of it. i'm a lesser honey and bees. the die earlier. the prospect of being a beekeeper aren't as good here, according to the u. n. a rock is one of the countries in the world most impacted by climate change. and that drops up our show for now. for more check out our website at www dot. com slash business. i'm chris kolber and roland. thanks for watching of a successful

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