was miami massey will out, aaron, a salary plus a percentage of all revenue while he's playing credit club. and a reminder of the top story we're following this. our russia has filled eyes of a deal allowing ukraine to export green from its ports in the block. c. western nations have condemned the decision accusing moscow of using hunger as a weapon. you're up to date, stay with us for data. we business news with chris cockburn, i'm one of your most. thanks for watching the people in trucks insured when trying to free the city center. more and more refugees are being turned away. families these trades extreme

to 100 people around the world more than 100. each we ask why? because no one should have the make up your own mind. me for mine's. of the china as frail post coven recovery is losing more speed. the world's 2nd largest economy grows only 0.8 percent quarter and quarter it mid, faltering demand. a lot of expert analysis on where china as economy is, tenants also coming up political pressure as high to push

a trade deal between the new and countries of the latin american medical store to walk across the line with meth, calibrators in brazil, and belgium. and with heed way of sitting parts of asia, europe and the us for show you the impact soaring temperatures have on honey makes . you know of course coldwell rocks, 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 cove and 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 me, let's start talking about the structure of the form here in a 2nd. first of all, what are the biggest problems run? well, use unemployment is, is a big issue at over at 20 percent. and the fact that china needs to transition from made in china to innovative 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? hm. probably, yes, the inflation is very low. so a china kind of forward to cut down uh, interest rates. uh, even further, right. the p. p. i was down uh, is down a 5.5 percent, that cpi is also close to 0. so, so there is enough room if uh, if um 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 yes, 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 deck 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 larger corporations who are, who are wanting that good. it is a, it is a concern, 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. there's some, right, the aspects in china's economy, like for instance, the, the e v market, the china is going to be the main ex, border of cars this year. it's going to surpass japan with 4000000 car 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 these truck floor forms need to look like. or 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 copy to list the system. so combination of the, of both the,

where the private sector is incentive, dated 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 cuts 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 also some of the other global business stories making use. twitter has lost nearly half of its advertising revenue since it almost took over a better reality for a company with $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 differentiate over make, are done on it. and the danish who calls us versus lead, or vitamin food, and

a lot of units be put under what he calls temporary managed. previously, the kremlin, had warranties. it sees western assets and retaliation for moves against russian companies abroad for the 1st time and 80 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 days of latin america across the line. they've been talking about a trade deal for more than 20 years. america sore as an economic loc include in argentina, brazil, uruguayan par. why then, as well as membership is currently suspended, and you marcus, or deal with the cuts terrace and remove other trade barriers to create the largest free trade area in the world. it would cover about 770000000 people in about a 4th of the world gross domestic product. now,

while some say the deal 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 a and a marina is close to the following talks on new america to 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 presented beef experts show the least belief and hope that it will continue to grow with this agreement. that is finally expected to happen. 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 calculations was around 224000000 any most. it's

also nita, in beef export producers here say the beef is better than what is produced in europe because the most can be on pest chat, 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 home of the you council hopes to get the due by the end of the year. at the casual marketing, the bedroom, city of c name 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 produce the problem is if we put a moving into our market, some type of a negative effect on the price i could use this receipt. so he is worried about the future of dodge and catch of farming is the due comes on his farm in the countryside. castle breach, budge and blue kettle and his around $200.00 and the most. he says,

brazilian need might be good, but they have flow of production standards filled water. they have to remove the amazon rain forest tortures and meets a send it you have. and this makes our green pastor content and then it makes no sense. it's all the damage done to brazil as the rain forest by kettle funding has long been criticized by amber men 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 browser you have already rejected it. process flow is lead us from both blocks from monday, s they've up to what's finalizing video series. heat waves have been hitting parts of europe, the united states and asian reason, days and well. some are only now experiencing the difficulties to just storing summer temperatures. have to come 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 the bees 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 bees do not return equal to their height. without to do that also that i'll be unless something had moved as high a month to honey making. as an ation 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. 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. how does this affect their lives span? because they have to struggle with the lesser honey and bees to die earlier. the prospect of being a beekeeper aren't as good here. according to the u. n. iraq 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 delta u dot com slash visits. of course, coburn roland, thanks for watching. have

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