-- and steps from beijing. ramy: tom mackenzie with the latest between the u.s. and china. breaking news crossing the terminal, saudi arabia has said is canadian envoy in riyadh unwelcome. this is according to the present is she -- the the press agency. quotinginvestment, also . saudi arabia has recalled its ambassador from canada. this may be related to a detained blogger that has been covered in canadian press. we want to get confirmation on that, but we are looking at these lines crossing the terminal that we do know saudi arabia said it envoy is unwelcome and frozen all trade investment with canada. moving ahead, three months after president trump's decision to exit the iran nuclear deal, people are bracing for fresh sanctions. joining us is bloomberg editor ros krasny. what areas will be targeted by these renewed sanctions? ros: good evening, ramy. the first round of sanctions which go into effect on monday into tuesday cover iranian trade, automobiles, certain elements of trading in the dollar as well. it

with a population of around thirty five million almost as many as beijing and shanghai combined showing xing is china's largest urban area. few people in the west have actually heard of chang xing but this mega city on the young sea river is a symbol of the economic boom the country has been experiencing for the past thirty years. while growth is tapering off in the major industrial centers of kwang show and shenzhen shown shing is proving every day a new that it's one of the future engines of china's economic development. growth has long been based on heavy industry with cheap labor from the countryside. but in recent years the megacity has put all its energy behind the giants of the electronics industry. thanks to this transformation can now boast a growth rate in double figures. that our laptops are largely produced in chongqing the one doc company has three factories in junking with around fifteen thousand employees feel this factory has three thousand two hundred employees. we mainly produce a select ops the people. get good that the laptops you buy in france and germany are all pr

tariffs on sixteen billion dollars worth of chinese products they come into effect in beijing responds in kind is there a way out of the race also coming up. caution about one of the biggest company listings in history the saudis insist iran close i.p.o. will not go. and how a dressmaker from broadway is helping to transform the lives of migrants in italy by turning them into tailless. this is your business update i'm having a home for him but then thanks for joining me the u.s. is a twenty five percent tariff on sixteen billion dollars worth of imports from china this is a second round of tariffs in response to what the trumpet administration calls beijing's unfair trade practices well china reacted swiftly with its own high tariffs on over three hundred american products as the trade vicious circle continues its dangerous downward spiral. new negotiations couldn't prevent the latest turn of the screw so far the u.s. and china have each imposed import duties on goods worth around fifty billion u.s. dollars now american companies in china are getting an easy automate issue that our com

there will be less certainty and less visibility about high beijing -- about how beijing stands up torump, as opposed to showing its restraint. rishaad: thank you for joining me, michael. let us move along and look at what is going on with first word news, heading over to sydney with paul allen. paul: thanks, rishaad. u.s. and mexico are said to be close to a deal on cows, one of the biggest sticking point in overhauling nafta. more stocks are scheduled in washington on thursday. two months ago, mexico said it could be flexible on auto wages, after u.s. demanded that 40% of a vehicle be made by workers earning over $15 per hour. canada's request to join high-level nafta talks were rejected. it is all of canada's attempts to join the negotiations were either ignored or burned by the office of the u.s. trade representative robert lighthizer. president trump suggested he might go with another deal by canada. 77 people may have died after an airplane in mexico made an emergency landing in durango. the plane was carrying anti-seven passengers and four crew members, but many of them were ab

their reports google is bowing to beijing by creating a censored version of the search engine for china searches for terms like human rights democracy or peaceful protests in china would have to be censored for google to get the go ahead for the video plans would represent an about face from the u.s. tech giants previous trying to policy in two thousand and ten the company pulled out of the market to avoid the strict guidelines from beijing chinese state media has denied the reports and google is yet to comment on the. let's talk about the reports with trace loka from his website motherboard germany for his good to see you again how legitimate other reports first of all they're pretty legit first of all the intercept broke the story for two one whistleblower and. leaked documents and later on those reports were confirmed by reporter new york times citing two sources familiar with google probably and google employees and google itself has kind of dance around the topic a little bit by saying they don't comment on speculations but they have already made efforts to break into the chinese m

china's beijing's. absolutely anxious to control the situation what has caused the problem you would look at the there the complexity of all the ethnic groups in china china as a multiethnic country consisting of the six ethnic groups of course the hang chinese accounts for more than ninety five percent of the total population but there are you know sort of over five body ethnic groups and only the. the. first and the tibetans are causing problems the rest are living in ok great harmony with the hang chinese but that now the reason is because in recent years as you highlighted earlier there was a must migration of the hang chinese into seeing django and then disenchant people feel that they're being overwhelmed and also. feel that those erosion of their culture and access to jobs and soar so forth so the kind of measures a president measures. can be counterproductive. ok. does the feel of extremism justify putting one million people is a sort of defense detention forcing them to change the system of bel

and that wanted beijing to retaliate in kind.n on the world ‘stop zooming in on the world ‘s top two economies in particular, the us and china and their trade war, both countries are getting ready to slap a25 countries are getting ready to slap a 25 cent tariffs on $65 billion worth of goods this thursday and will bring total tariffs to $50 billion worth of imports from each other. let's bring in our china correspondent whojoins other. let's bring in our china correspondent who joins us from the streets of shanghai. robin. welcome to china's commercial capital. we are throwing a lot of numbers that you this morning so let's add to that tally. it is almost 22 months since donald trump was elected president of the united states. some of his critics say there are many things on which he is yet to deliver but almost everyone agrees that the one thing he has focused like a laser is an china and the trading relationship between these two countries. this country, remember, isa countries. this country, remember, is a country that candida

emma o'brien joins us from beijing.ies, trying to expand more people to what heineken is offering. this they are getting into chinese company which meeks -- which makes its own brand here in china, the world's biggest beer market. it may have already peaked here. the market is evolving, which will be a challenge for heineken. there is a push towards more premium brands. drinkers are becoming more sophisticated. that is something that heineken will have to take on with this investment. diia are we likely to see more i wouldation: -- haidi: likely to see more consolidation? we say more foreign companies take interest in chinese companies. the potential for growth with the rising middle class. you have companies like asahi get into the bear market. ntao.ught into tsi they were not able to establish some of their premium brands here in china. there was the competition both from the locals and the more craft and premium beers growing locally out of china. so it will be a challenge, but one that hiking again -- won a heineken

and reactive against the beijing government so i think that there's. but on the other hand there is no way that the beijing would just let go because this is in the existential slept the whole whole country and in fact no country would allow separately we're talking about eleven million people out of a national saying more than thirty a billion people i mean why would this be considered as an existential threat this this should be the core of democracy or respecting the rights or the minority and under well i mean you would look at the area of scene jan it is huge i mean it is one of the largest problems as in china. and so you know even in terms of numbers that may be relatively small percentage but on the other hand there is a and impact and effect what about tibet and he backed also you look at a number of tibet and people the number is not that large but over there on the other hand the problems that can he ok and not only that in terms of size but in terms of as you mentioned earlier resources and the connectivity of china with a burn role for the

on beijing's side, we are gearing up for a secret annual meeting for chinese leaders in a resort town that will happen sometime in august. after the party leaders meet to discuss some secret agenda that we know very little about, we might he more movement on the beijing side. it is unlikely we will see anything until perhaps right after the midterms. emily: in the meantime, you still have u.s. companies dying to get into china. you have an op-ed out about

american lobster sales to china had been growing steadily in recent years, but that stopped when beijingit the american lobster industry with a 25% import tax. it was retaliating against us tariffs on chinese goods. it's exactly how trade wars start. nick bryant reports from maine. the waters off maine has become an unexpected theatre of the trade war. with the local lobster fishermen in the defenceless victims of the battle that is intensifying between washington and beijing. china has targeted lobster imports with a 25% tariff.

washington and beijing straight wall rumbles on for another week new u.s. time some sixteen billion dollars worth of chinese products come into effect china responds in kind is there a way out. speculation one of the biggest company listings in history may be called off but the saudis insist the ramp goes i.p.o. will happen. and a solution for one of the most pesky of plastics polystyrene a canadian startup says it's come up with only a new way to recycle it. let's do business a flat day of trading today investors holding their breath says another mega round of terror fights come into effect washington hitting beijing and vice versa the troubled ministration accuses the chinese of unfair trade practices they're also keen to slow china's tech expansion the made in china twenty twenty five plan is designed to catapult the globe's manufacturing center into its technology up. the world's work bench no more instead chinese internet giants like search engine by do tech investor ten cent an online retailer only babar are now leading global innovators they've risen

the trade route between washington and beijing enters the next round fresh u.s. tariffs on sixteen billion dollars worth of chinese imports came into effect today beijing is responding in kind we ask is there a way out. also on the show it's one of the most useful plastics about policy styrene is a pesky to recycle now one company says it may have a solution. welcome to the business china has said it's slapping retaliatory terrorist on sixteen billion dollars worth of you as goods this after the latest round of u.s. tariffs on chinese exports went into effect early this morning in response to what the trump administration calls beijing's unfair trade practices while at the heart of the dispute is china's large scale expansion of its tech sector the so-called made in china twenty twenty five plan is meant to catapult the world's second biggest economy from the world sweat shop to a global technology hop. the world's work bench no more instead chinese internet giant like search engine by do tech investor ten cent an online retailer only barba are now leading global

and shanghai next month starbucks hopes to fend off a challenge by beijing stuff left in coffee which is expected rapidly on the back of them based livery starbucks remains the dominant force in china it says it opens a new cafe there every fifteen hours. for china's foreign ministry says it won't be blackmailed the u.s. is ratcheting up the pressure in the tariff dispute it comes as the ozzy in conference gets underway in singapore asian nations already searching for alternative trade that's. a free trade agreement signed by sixteen asian countries by the end of the year this is the ambitious plan for destroying the albion missing in singapore. the move comes after the united states withdrew from

so what is the sporting and social legacy of beijing 2008? correpondent stephen mcdonnell, who's in beijing. the beijing was so much more than just about sport for china, how has the promise of the time, compared to the promise of the time, compared to the reality of china today? well, that's actually a very good question and as you can see this city has turned on a pretty bleak day for the anniversary of the opening of the 2008 olympic games. at this time, people are reflecting, what was it like then? what were we thinking in terms of where china was going and where is it going now? you mentioned we have written a piece for the bbc website and interviewed lots of chinese artistss, architects and the like, they came back to china prior to the olympics full of the hope of the possibility of where this country was going. for many people, atan country was going. for many people, at an intellectual level in society, they are feeling, the trade might be too strong, but certainly in terms of opening up an engagement with the world, it seemed like s

beijing condemns what it calls u.s. blackmail.york it is just a clock -- share sales soften in hong kong. the second high-profile ipl to dial back expectations in a month. they slumped in london despite a fine first half and cash windfall for investors. we ask what happened. yvonne: ramy of course we had been watching trade tensions, watching the boj and the fallout from their meeting. we continue to see bonds falling off a cliff. the 10 year yield we have a tracking. 0.14% now. this is what we have seen the last five days. the bond markets open in tokyo as well. seems like we have awoken from the slumber we had in the jgb market. the boj is willing to let the 10 year jgb yield rise to 0.2% before tapping the brakes. mucharkets testing how flexibility there is. perhaps the boj is going to have to step in quicker. ramy: and of course depending on how this goes, we will also want to watch what happens with japan's banking stocks. if they continue to move higher, that may have an impact on that sector as well. yvonne: that's right. o

beijing following as much as 4.6% under the ticker 616. us takes a village and many to get the kind of market share in china and on the global stage at host to achieve. it still hopes to get drugs to market and to the end user in a timely fashion. the industry is undergoing military changes to address those issue -- undergoing regulatory changes to address those issues. keeping its market value at 28 billion, which is about a 20% discount to the valuation it was hoping to achieve. the world's largest ipo in two years not eliciting much excitement. perhaps investors remain skeptical about its profitability. we might see it china to compensate with a higher dividend payment. it is considering a dividend payout of 30% of its net profit. rishaad: but we can't take this away. >> if you are in the business of ipos, this is something you have to consider going forward. the type of debuts we are seeing, not only today but throughout this summer, yes, we are on track for the best order for listings in hong kong since 2010. that hassubscription been

beijing authorities said it is heading back. the tariffs are less to do with tode deficits and more support china's rise as a global power. week of families separated the war in the 1950's. both cash this week for union comes after a three-year halt. bowing to fix the economy and standout corruption. wrong has named him as finance minister. sayspore prime minister his government will ensure education will remain affordable. they announced a range of schemes and what they call large expenditures. global news 24 hours a day, powered by more than 2700 journalists and analysts in over 120 countries. >> one of the stocks sure to be in the spotlight is tesla. thees plunged friday after new york times interview. they join us for more. last week -- now there are questions about it being disconcerting or it >> what he saw as the stock draw -- draw the most in two years. how it performs on monday will keys onthe one of the friday. the reporter said he actually that cause the subpoena and all this scrutiny. he indicated there was no review

vineet khare reports from beijing. a blanket of smoke enveloping beijing last year.al air purifiers. so he built his own and turned it into a business. first of all it had the capacity to handle an entire home so 150 square metres. it manages all the rooms. there is a computer inside the purifier to manage it and keep an eye on the environment and to make sure everything is ok. as these pictures travel across the world and smoke ta kes a travel across the world and smoke takes a toll on public health, the government has taken strong measures. at amber level there are restrictions on personal factories. both in beijing and government use of vehicles. when you get to a red level it switches from one day per week restriction on all vehicle licence plates to alternate. 50% of ca i’s licence plates to alternate. 50% of cars are removed from the road. is there a big government events like a pack or a g7 meeting, they will do major changes like shutting schools and factories, taking cars off the road and that will help to bring down the pollution level. you will find these

honduras and nicaragua taiwan's only diplomatic ally left in africa is swaziland both taiwan and beijing have engaged in years of diplomatic tugs of war in developing countries china has offered economic support from the world's second largest economy to smaller nations as a bargaining chip but taiwan is not recognized as independent country by much of the world nor the united nations if you broadcast more from beijing. well this is another important symbolic diplomatic victory for china as it seeks to pick off one by one those countries that still have diplomatic relations with taiwan since zion when became president of taiwan in january two thousand and sixteen five countries have severed ties with taiwan el salvador now joining that lengthening list on shoes day taiwan's foreign ministry reacted angrily taiwan's foreign minister joseph who said that china was luring away taiwan's allies with promises of vast financial aid he said this was a game that taiwan was not prepared to play well of course this all comes just as zion when has been on a stopover in the united states she'd been v

the president saying it is not time to talk to beijing.siting from beijing and is looking at this side of the story. any positives in china from the post-nafta deal? ing thinks not. the surface, the chinese could be looking at this and seeing there is a propensity from trump to get these deals done, but i would tend to agree peopleg in terms of the we have been speaking to, policymakers and businesses in china. there is now a grudging acceptance this will be a longer, drawnout issue with the u.s. and as trump was saying, he was suggesting he has rebuffed overtures from china for talks between low-level minister -- when low level meetings didn't yield results, which is what was expected. the hawks in the administration in washington appear to be in the ascendant climb. the chinese are not prepared at this point to make a deal when it comes to a radical change to their made in china 2025 policy. subsidies for key industries. they don't think there is another game in town. they say this is essential to move up into the broader economy and dev

david: david ingles --james mayger live out of beijing. thank you.hie is watching what is happening in japan into the lunch break and the big movers there. sophie: nikkei gains fizzled out after a seven-day rally. movers in metals, the stainless steel player losing ground. the outlook for korean steel players, suzuki is falling after releasing production numbers for july. yodo grouphlight bunk gaining ground. i also want to highlight data demonstrating foreigners have continued to shun japanese stocks. net sellers for a fifth straight week. you can see that chart in the gtv library. a quick look at jgb yields. a slight pickup in the 10 year yield above .1% for the first time in two weeks after a no trade reported on tuesday. this has markets are trying to its -- ss the boj's policy tweaks and we are waiting for bond buying plans for september do from the boj. . friday there might be nervousness ahead of that as there is speculation to what the reaction to the policy tweak may mean when it comes to efforts to push long and yields higher. yields.and th

haidi: what does beijing do in response?omestic pressures that she's thinking himself is facing over this past summer in beijing, economically, having to do with his handling of the trade war's. do we expect -- trade wars. do we expect beijing to capitulate at all? >> china will go into silence mode. i think that is their best strategy. the trade war has evolved into great power ipr, a rivalry. looks like the united states and china are following into a trap. the general direction is not good. china still has to figure out how to proceed. as far as u.s. demands, if china changes its economic management system, basically tom -- basically china is dominated by the government and its enterprises. china will not change. i don't see how we can get out of this trap. agreements we and hear, the general direction is not good. rishaad: it's not really about extent aboutome trade, but america's place in the world, is it not? >> yes. the u.s. has a lot of insecurity right now. the united states has a domestic issue, plagued with turmoi

they say beijing has miscalculated. they are getting domestic pushback.tructural economic slowdown, vaccine scandal aimed at a lot of people , and now there is open criticism of their leader. how will he respond? the ball is in beijing's court how they deal with washington, and it is a tenuous and fragile time for that relationship and certainly you get that with that kind of trust deficit. lots more coming up on daybreak australia. i should say that is it, but more on daybreak asia. keep it here with us. we are looking at the open in asia, looking mostly to the downside. mixed downside. tech had a second day of gains on the afterglow of the apple rally. we are seeing tesla moving now. by and large we are looking lower into the open here in asia. this is bloomberg. ♪ ♪ yvonne: it's 7 a.m. here in hong kong. we are live from the asian headquarters. i'm yvonne man. welcome to daybreak asia. asia-pacific stocks look for a gentle decline after a mixed session. wait trade tension and said policy. tesla winner after hours. learning through less cash and elon mu

markets and currency have suffered losses in recent months with investors spooked by washington and beijing says tit for tat tariffs here is more. the chinese economy has lost steam in recent months washington's tariffs have put a damper on investor sentiment since the last trade talks between beijing and washington in may the shanghai composite has declined more than ten percent and the yuan has been falling to the chinese currency has slumped over the past few months it has fallen more than eight percent against the greenback since last may but the u. once fall has also helped cushion the effect of terrorists by making chinese goods cheaper that is another sore point for washington which has repeatedly called on china to strengthen the yuan and it's also demanding beijing to make concessions to lessen its trade imbalance with the u.s. so while these law level trade talks are welcome news analyst sworn that it may take some time before the two countries come to a truce. all right our financial correspondent standing by for us in new york sufi talk is cheap does anyone expect anything to co

kolo related her experiences of quote exhausting racism in china saying that she considered leaving beijing countless times so how can china be more racially inclusive for more on this we're joined from shanghai by new should know you should davis a writer and content creator she recently wrote an article for six tone that asked whether films such as black panther can change chinese attitudes towards race and hong kong we have a bird took us theo an assistant professor of the cultural studies program at ling then university for the last six years he has researched the experiences of africans in china particularly those living and working and. is a political scientist focusing on migration and citizenship she joins us from the danish capital copenhagen and from the chinese capital beijing we have hannah right there she is c.e.o. of development reimagine that's a consulting firm on links between china and africa welcome to the stream everyone a let's get started on twitter with the thread that i mentioned earlier that sparked today's discussion benedict say a graduate student in beijing she w

the yuan holding on to gains triggered out of support from beijing.y the pboc to avoid a herd mentality over currency markets. ramy: from bloomberg's global headquarters, i am ramy inocencio in new york, just after 8:00 p.m. on tuesday. washington confirms tariffs on another $16 billion of chinese goods. beijing has vowed to respond in kind. tesla jumped as elon musk plots a different route. he might take the company private at $420 a share. haidi: as we have come to expect from tesla and elon musk, a a lot of drama, a a lot of intrigue, but also a lot of skepticism in terms of reaction from the investor community, but regardless we saw the reaction, although not as much as we would expect. maybe that speaks to the skepticism from investors at this point. ramy, looking at the day ahead for asia, lots on tap. china trade numbers, the latest indication of whether this ever-escalating trade situation, we had the further $16 billion of tariffs just announced over the last few hours, whether that tol start bleeding through the bottom lines on the macro pic

so what is the sporting and social legacy of beijing 2008. 0ur correspondent in beijing told is the promised people are reflecting, what was it like then? what were we thinking in terms of where china was going and where is it going now? you mentioned we have written a piece for the bbc website and interviewed lots of chinese artists, architects and the like, they came back to china prior to the olympics full of the hope of the possibility of where this country was going. for many people, at an intellectual level in society, they are feeling... betrayed might be too strong, but certainly in terms of opening up an engagement with the world, it seemed like so much was possible in the run—up to the olympics. i can remember the feeling at the time, now it is a different place, people are reserved and worried about getting into trouble and they don't necessarily think that things will automatically get at the. that is not the same experience for all chinese people, it depends who you are because if you look at the statistics in terms of the poorest chinese, they are still being lifted out of pove

cyborgs off the rural hugh knight to global robert willing to meet in beijing for the world's robot conference. and european regulators are clamping down global rental agency air b.n. b. this spot is popularity generation share. a little welcome to your business use optimism funny future here in berlin turkish president. and german chancellor angela merkel have been discussing bilateral ties . to state visits to berlin next month in a phone call they say to treasury and finance minister will meet with his german counterpart had of the visit to keys currency caught up in a huge diplomatic and straight dispute with the united states has now raised tariffs on a variety of u.s. products including alcohol cars and still bacco and the president wants his people to boycott the i phone he himself is no switching to another brands now the question is will his people do the same all reporting the simple went down town to find out more. stores are still stuck. there popular. small foods in the country. but president type of added one is calling on his people to boycott american brands and switch to other

and that prompted beijing to retaliate in kind.'s go live to china now and talk about how this is impacting both countries because they are both getting ready to slap a 25% tariff on billions of dollars worth of goods. live now to shanghai where robin is there. roberton, aaron outlined the background to all of this and this is another very important week. it is. a lot of numbers there from aaron and they are quite staggering. when we get to thursday, august 23 we can expect a further $16 billion worth of tariffs put in place by both the chinese and us side taking the total to about $50 billion worth of good that will be affected eye these tariffs. initially put in place, of course, by the administration of president donald trump. the americans are still threatening, as well, to take it even further, talking about new ta riffs it even further, talking about new tariffs rising from 10% to 25% on $200 billion worth of trade. these numbers are staggering. somewhat amiss in this week because we will have a fifth round of face—to—face ta

beijing's made in china twenty twenty five program is aimed at finally transforming the huge country into a global economic power. ten key industries including aviation railways and electric autos will get privileged state treatment foreign imports will be made superfluous china would rather export to the world. the us is not the only major economy getting worried. just recently germany prevented chinese investors from taking a stake in power grid operator fifteen. the u.s. is now restricted technology exports to china. and many say the us penalty turfs on chinese products well as a response to illegal state subsidies by beijing and more a last desperate attempt by the americans to stop china taking the technological lead. stock market shrugged off this latest round of tit for tat terrorist so a second look at europe and standing by is done in frankfurt. investors at all concerned about this ongoing trade. while the trade conflict in general is the number one topic here at the exchanges all around here all of this has been going on for weeks in this scenario i have to tell you that i

round of trade tariffs washington is targeting another sixteen billion dollars of chinese products beijing has retaliated in car in so who stands to lose the most will have a special report from one u.s. region bracing for tough times and stay in the u.s. president trump says he did nothing wrong a day after being implicated in us money they have put two former associates facing prison time will there be a political price for the present. plus the former head of brazil's football field federation jailed for four years for taking bribes to the sentencing is the first of its current for a top ranking official. and the answer my friend bob that's blowing in the wind a new european satellite goes into orbit to track wind systems around the globe what will it mean for combating climate change and predicting the weather probably talking to a meteorologist. i'm brian thomas a very warm welcome to the show all just a few hours ago the u.s. slapped a twenty five percent tariff on sixteen billion dollars worth of imports from china now this is the second round of tariffs and response to what the tru

one and it's also demanding beijing to make concessions to lessen its trade imbalance with the u.s. so while these low level trade talks are welcome news analysts warn they may take some time before the two countries come to a truce. you don't know which a shopping at the supermarket and at the checkout you simply tap your phone against a card reader the money is taken off from a credit card and that's that sounds familiar well almost twenty percent of people in the united kingdom south korea already use their smartphone to pay their bills in china it's even a quarter of the population and within the next four years these numbers are predicted to grow even further so that almost half of china will use payments it is a very different story here in germany where mobile payment is still few and far between but the country's banks would like to change that. michael comrade's likes to drink coffee and what the professional legs even more than drinking his coffee is paying for it not with cash or cards but with the smartphone. and the fascism my wallet is heavy and bulky just the fact i d

to strengthen the yuan and it's also demanding beijing to make concessions to lessen its trade imbalance with the u.s. so while these low level trade talks are welcome news analysts warn they may take some time before the two countries come to a truce. qatar has come to turkey's rescue amid the currency crisis and has pledged fifteen billion dollars in investments in turkey supporting the lira and yet turkish industries are having a hard time with the currencies and the economies are turmoil inflation currency routes and a tariff conflict with the us are affecting those who export but not all is lost especially since the sector has prospered in the last twenty years now it's up to turkey's political leaders to make sure it stays afloat. milne there is so glue has survived a few financial crises during his thirty eight year career the is to bull bass producer of electric parts for cars and buses can still remember turkey's last economic crash that was in two thousand and one when he was forced to turn off his machines the situation today is different however. turkey today has a potential

dollars and the ongoing trade war between washington and beijing the people with you had actually saidthat it's reviving account a cyclical factor in its daily fixing and that is actually risen strengthened the you are today and that was also sent the stock markets in hong kong surging to one of its biggest gains in months and so that is why we are seeing such a rally today. ok so this is the sort of positive aspect of those gains how sustainable would you say are they also given i mean we have three new tensions now between north korea and the u.s. we know that china reportedly is very worried about that how will react investors react to all but well you know there's still a bit of worries about the profitability of hong kong companies and take note that this one day announcement is just one day and there's also worries that in the long term another twenty five percent or two hundred billion us dollars of goods a could be imposed on trying to make goods. and this is actually despite all the french off the currency being strengthened by the chinese government there's also the u.s. stil

when you use a cell the lot more to tell you about including washington and beijing hit each other with a second round of tariffs will have a special report from one u.s. region bracing for a tough times ahead. ben facility is up next with that story and a whole lot more. earth home tunes of species a home worth saving. here which is on those are big changes and most start with small steps global ideas tell stories of creative people and innovative projects around the world like to use the term climate change to green energy solutions and reforestation. they create interactive content teaching the next generation about environmental protection and more determined to build something here for the next generation of global one dio's the multimedia environment series on d w. at the. wall street shrugs off a warning from the u.s. president donald trump reckons if he were kicked out of office the market would crash. new u.s. tyrants on sixteen billion dollars worth of chinese products come into effect beijing responds in kind is there a way out of the ranks. and caution about one of the bigge

was sent home from china off to making a film the botched human rights advocates we asked given by beijing's crackdown on dissidents. and officials convoyed in mali's presidential election runoff president. is the favorite to win in a poll of modern but it's free mr tress. although i'm on the thought you might get to have your company. turkey central bank says it's rage a tick all necessary measures to shore up the country's currency deliver the announcement comes after the leader tumble to a new low against the dollar and fears grew that the crisis could spread to other markets the currency has nosedived over worries about the turkish president's increasing control over the economy and as a diplomatic dispute escalates between turkey and the united states let it out and says the country is facing an economic siege he's also seeking to reassure citizens have a listen. we're taking the necessary steps against these attacks together with the finance ministry of institutions and we will continue to take them. home and i believe that the currency rate will return to reasonable levels don't worry