to finland is now giving it a try so welcome to our show, obviously, even beardsley in berlin, well ties between canada and india have deteriorated since prime minister adjustments rudo accused new delhi of orchestrating the assassination of a 6 separatist leader in british columbia. now the diplomatic stand off threatens to spill over into both countries, economies free trade deal. the 2 nations were negotiating is now in jeopardy, potentially in pending potentially harming india's effort to attract western investments as an alternative to china. additionally, canada's higher education sector may be effected daily has no warrant indian citizens in canada about their safety. last year, indians made up almost 30 percent of the total for an students at canadian universities. and for more of this, i'm joined by roger. this last asia pacific chief economist for s and p global market intelligence and our correspondent charo card to k in delhi. welcome to both

you charl. i want to begin with you. this issue between india and canada has escalated quickly in the past weeks. has it hit trade so far as well? uh, not significantly yet. what are the reports do appear to be coming in steven? uh for example. uh there are reports that the link it'll save us from canada to india have have already slowed down. now. um, india buys a lot of lentils from canada, which is a staple source of the protein here in india, and the post at the saves. they've already slowed down, although the government sources have told the media that no foreman orders to the, to this effect has been given. but there's an apprehension that the situation could wesson in, in the next few weeks, apart from that, the 3 below obviously was put on hold. the lead talks about being held between both the countries on a trade, the land, canada announced formally that the talks about of on that trade deal have been put

on hold for now. rashid, we see this whole being put on these trade talks right now. india potentially buying fewer lentils from canada as a result of what's going on. is that so bad? we look at the overall trade relations between the 2. can you put this into perspective for us, what the relations are between these 2 countries? well i think of india and canada do have quite extensive trade relations in both goods and services, which amounts to about 15 $1000000000.00 per year in biological trade. so obviously, if some services exports, such as tourism or education, are temporarily impacted by these diplomatic problems, then it will at least in the short term, be damaging for both nations and for the broader exchange between both

nations. and we also have to bear in mind a very significant proportion of kind of us population, our ethnic indians that may not be indian nationalist, but canadian nationals who may then also have difficulties, you know, going back for cultural reasons to india. so there's all kinds of ramifications that could come into play that affect um, the broader relations between these 2 big democracies. and we have to remember that these are 2 of the world's top 10 economies. india is the 5th largest economy in the world and kind of kind of those and 9 slower just economy. they're both in the g 20. they're both very important partners of the commonwealth. and so i think in the long term it's so important that they move forward together and find solutions for these issues, which are actually very focused on law enforcement issues. and that,

that doesn't affect the broader relationship between the 2 countries. from between the indian population and uh, in canada, um with their, with their link spent terrifically with it. and yeah, to write this project. this was at s and p global market intelligence. and our corresponded in delhi charl carts. ok, thank you both now, to everett ran, the massively indebted property developer that's been skirting the edge of collapse in china. on thursday is suspended all trading and it's shares and hong kong following news. the police were holding it's chairman and founder. we call you on the company now says we face is criminal investigation. the trade stop raises, fresh doubts about the future of the company, which has been racing to restructure it's more than $300000000000.00 in debt. there's been casting a shadow over the entire chinese economy earlier this week ever grants that it will

no longer be able to issue new debt. we'd a called a google called c as an economist at the university of saint gala. he joins me for more detail. welcome to the show. ever grant is the face of china, is property market crisis, which is of course, helping hold this economy down. what exactly are we seeing take place right now? for the moment, we see the trade their own up tend to restart the trading. it shares again because because they are, they stopped actually find for bankruptcy in the united states. and you may do this, this clearly the single as you said, of the cost of it because it is, uh, it is uh, probably the worst. uh there was, uh, one was developer. this is um, this is a company that has been trying to restructure this debt frantically over months. now, what we're seeing happened in the last few weeks. does this suggest that this restructuring effort is going to essentially be a failed one?

and there might have to be more serious steps. liquidation my impression is that yes that this is going to be, this is going to be on solvable for every grant. however, my and my personally so, so that she, you know, way by over, you know, i see we could say i would grant a sending a line, her regular line and frequency or go back to, to, to their policy of, of a more like seeing the housing market, so there are other developers that would survive. and so only the worst with actually this is what really needs hoping. $300000000000.00 and liabilities, but that's whatever grant has that's as much as finland's, annual economic output. can china's economy, really stomach an evergreen collapse? well, it will be proud for sure. in the stock. however, at the same time, uh the no, that would be no credit crash because uh, the,

the attorneys banks are very strong and they are strong and supported by the central bank and by the government. so i, it might, and my impression would be, is that the people that were unfortunately uh, you know, uh, based on this uh, developer weird. and that would have suffered by the whole economy and we'll get through this crisis briefly and, you know, does badging have a coherent strategy for dealing with these tutoring, property giants? they have a strategy they, it's right to support the public, the market by facilitating good annual buyers. for example, the 1st time buyers don't payments that have been slashed to 20 percent though, so they're using interest rates are lowering the negotiations of interest rate in the mortgages. so they have types of supported, obviously, in order to minimize the damage of a, in my opinion, they should also try to relieve some of the, some of the people, some of the families who are at risk of getting their money back from amazon.

that's due to quotes the at the university of saint gala, and thank you very much. i in and out of some of the other global business stories making headlines. mitsubishi is planning to pull out of car production in china. that's according to japanese newspaper, new k mitsubishi had already halted output in china in march to the following sales . the rapid growth of chinese automakers like b y, d and s a i see motor are putting increased pressure on ford brands trying to compete there. the german economy is performing worse than expected. a group of leading economic experts in germany has now forecast g d p to fall by just over half percent this year. the economy saying that slower recoveries in industry and private consumption are to blake ryan air has cut flights and it's winter schedule due to aircraft delivery delays. the company now expects to receive 14 new planes between september and december instead of the originally planned 27. that's due to a slow down in production at boeing sites in kansas and seattle as well. if you've

ever traveled by air, you probably know what a pain passport lines can be. then how much fun for airports or customs agents as well. and that's why finland is trying a new system, a face scan instead of a passport check. but what the passengers think. take a look when air travelers want to skip passport lines and scan their faces instead . finland is testing that trade off right now in a european union pilot project using digital travel credentials for dtc. that began in late august testing a system that in the future aims to do away with physical documents and require only your face and your phone for check in to the dc. it hasn't been used anywhere else. so this is the 1st time in the world. the 1st phase of testing is open to finish. citizens traveling to or from london, manchester or edinburgh. outside the european union's passport free travel zone. passengers must sign up for the program ahead of time and get verified. then

register for a flight up to 36 hours in advance departure, an arrival to hand to think it on supplementing this information at the airport. they're separate checking calendars for the facial scan for now. travelers still need to scan their passports, but there's no interaction with authorities. manual identity checks at airports, take an average 30 seconds per person. me go by some and says 30 days a check, but we are testing is less than 10 seconds. so it's $32.00 and a half times pasta. so if you're going to have a $10000.00 pass interest and you're really save a time there at the moment, just a few days into the pilot project, interest among passengers has been pretty low. they're not even getting one person per flight signing up to use the dtc. let me go buy some is. that's ok. even if they get only a couple 100 over the course of the testing period, he says that will be enough to show whether the system is viable and worthwhile travellers were uniformly positive about it. technologies go into change the

societies while it's developing. so long as yeah, i think so. yeah. do you think that's the future of travel now? i think so. yeah, sure. yeah, i feel comfortable and i feel like it's way easier. personal information will be deleted in 24 hours by some and says there hasn't been a big debate about data privacy and he doesn't really expect one. if it's speeding the process on, you spend less time for the board of checks than i would say people. i'm all happy about it. the you funded most of the $2300000.00 euro cost that also covers croatia, testing the system authorities hope the block will be equipped to allow 80 percent of air travelers to use dtc by the end of this decade. that's our show. find out more lines you w dot com slash business. thanks for watching the

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business needs to be a news line from ballot. in the wake of a mouse x, it is from the go on a car box estimate armenian separate to say, well, the souls, the gums, the dramatic announcement comes as over half the level regions population flee. the enclaves, as, as the by john, takes them to the control also on the program, the who struggles to agree on new rules on migration. even off the germany agrees to go along with an intense they negotiated package, the changes aimed to take pressure off frontline conference.