calculated here it's a system that still remains opaque to most businesses according to the german chamber of commerce 7 out of 10 german firms don't know what the new social credit system will mean for them. from nottingham the director of the university of london's s o s china institute steve thank joins us save what's fading actually looking for when surveilling viz businesses well what beijing isn't looking for is on the one hand and a very high degree of corporate social responsibility being discharged by western companies and on the other hand it require him and that is western companies also fulfilled their obligations to the chinese government to the communist party so that in the retina and done by the party will not be crossed by any of these western companies. the 1st point sounds quite quite good but i don't know about the 2nd point and what about these workers who have to be modded to their entire working day. chinese people already are being subjected to the general attitudes and all the social credit system the at the all the social credit systems to companies western companies who are

it's a system that still remains opaque to most businesses according to the german chamber of commerce 7 out of 10 german firms don't know what the new social credit system will mean for them. from nottingham the director of the university of london's s o a s china institutes joined us save what's fading actually looking for when surveilling these businesses well what beijing is nuking full is on the one hand and a very high degree of corporate social responsibility being is challenged by western companies and on the other hand it required and that is western companies also feel cations to the chinese government in a communist party so that any kind. will not be cruel just by any of these western companies if the the 1st point sounds quite quite good about the 2nd point and what about these workers who have to be mounted to their entire working day. chinese people are already being subjected to the general application of the social credit system at different all the social credit systems to companies western companies who are not necessarily very good chinese employees of those compani

it's a system that still remains opaque to most businesses according to the german chamber of commerce 7 out of 10 german firms don't know what the new social credit system will mean for them. while brazil is fighting the devastating fires in the amazon and least the economy is providing surprisingly positive news brazil dodged falling back into recession a multibillion dollar stimulus plan and record low interest rates were able to kick start the economy in the 2nd quarter. volkswagen has 3 factories in brazil and is expanding them dramatically that means even more models rolling off assembly lines in 2020 g.m. and other carmakers are meanwhile making their own plans to increase investment in brazil. more signs of an economic turnaround brazil's total output grew by 5 tenths of a percent in the 3rd quarter of 2018 then things went downhill now in the 2nd quarter of 2019 a reversal the economy grew by point 4 percent. a looser monetary policy has also helped put wind in brazil sells 4 weeks ago the central bank cut the benchmark interest rate by a half point to 6 percent. right wing po

it's a system that still remains opaque to most businesses according to the german chamber of commerce 7 out of 10 german firms don't know what the new social credit system will mean for them. while brazil is fighting the devastating fires in the amazon and least the economy is providing surprisingly positive news brazil dodged falling back into recession a multibillion dollar stimulus plan and record low interest rates were able to kick start the economy in the 2nd quarter. volkswagen has 3 factories in brazil and is expanding them dramatically that means even more models rolling off assembly lines in 2020 g.m. and other carmakers are meanwhile making their own plans to increase investment in brazil. more signs of an economic turnaround brazil's total output grew by 5 tenths of a percent in the 3rd quarter of 2018 then things went downhill now in the 2nd quarter of 2019 a reversal the economy grew by point 4 percent. a looser monetary policy has also helped put wins in brazil's cells 4 weeks ago the central bank cut the benchmark interest rate by a half point to 6 percent. right wing

calculated here it's a system that still remains opaque to most businesses according to the german chamber of commerce 7 out of 10 german firms don't know what the new social credit system will mean for them. it was yet another bad day for the british pound on wednesday british prime minister boris johnson said he'll suspend parliament in the run up to his toba that he says breaks a deadline i move that makes a no deal breaks it's everyone likely. maybe it's a bluff but the consequences are already quite real boris johnson wants the e.u. to take a no deal breaker seriously forcing a bloc back to the negotiating table but with every lurch toward his october 31st deadline the pound has reacted it slid steadily against the dollar leading up to johnson's election as conservative party leader it fell after his meeting with german chancellor angela merkel failed to produce a breakthrough and then today a slide of more than one percent before recovering some losses. there have been fleeting gains here and there but at about a $1.22 the pound is muddling around lows last seen more than 2 years ago and it coul

it's a system that still remains opaque to most businesses according to the german chamber of commerce 7 out of 10 german firms don't know what the new social credit system will mean for them. well let's try and shed some light on this i'm joined now by professor steve sung he is director of the seles china institute at the university of london he joins us in nottingham today good to have you with us so there are a lot of questions mark about this credit system we just heard in this report what is beijing really looking acts with evaluating businesses well what beijing is looking at stuart she used to make sure that all the foreign companies operating in china with these challenge a high degree of culprits social responsibility which is also in what could follow me political responsibility towards the chinese government so what is beijing willing to do to companies that don't score well enough. well companies that score negatively in terms of the social credit will be punished they will perhaps have access to markets being reduced access to resources being restricted or access to gover

it's a system that still remains opaque to most businesses according to the german chamber of commerce 7 out of 10 german firms don't know what the new social credit system will mean for them. sports now and a german football legend could be set to leave the game byron munich president is due to make an announcement regarding his future at the club later today he is rumored to be stepping down despite only returning to his post 3 years ago after serving jail time for tax evasion now we're ports say a dispute with the chief executive over who should coach the team is one reason for his expected departure. american daredevil jesse combs has died the racecar driver and television host was killed while attempting to set a new land speed record in the u.s. state of oregon the 39 year old crashed as she was a racing across the dry lake bed she was attempting to beat the 512 mile per hour women's record combs dreamed of becoming the fastest woman on earth and has been pursuing that goal since 2012 she was called and amazing spirit by those close to her formula one has announced its draft cale

calculated here it's a system that still remains opaque to most businesses according to the german chamber of commerce 7 out of 10 german firms don't know what the new social credit system will mean for them. while brazil is fighting the devastating fires in the amazon at least the economy is providing surprisingly positive news brazil dodged falling back into recession a multibillion dollar stimulus plan and record low interest rates were able to kick start the economy in the 2nd quarter. volkswagen has 3 factories in brazil and is expanding them dramatically that means even more models rolling off assembly lines in 2020 g.m. and other carmakers are meanwhile making their own plans to increase investment in brazil. more signs of an economic turnaround brazil's total output grew by 5 tenths of a percent in the 3rd quarter of 2018 then things went downhill now in the 2nd quarter of 2019 a reversal the economy grew by 0.4 percent. a looser monetary policy has also helped put wins in brazil sells 4 weeks ago the central bank cut the benchmark interest rate by a half point to 6 percent. right wing populis

problem with business going to lead to it has a limited influence over the top with the german british chamber of commerce in london thank you. to iran now where president hassan rouhani wants to delete full zeros for the national currency the rio and also rename it in future it will be called tall man that's a story the rain in currency was called tom on until $925.00 the proposal as part of a plan to curb the rapidly rising cost of living bots experts step tickled that the move will really change anything for. everything has grown more expensive here and many iranians know struggled to afford even basics like fresh produce the country's spiraling inflation is driving prices out faster than incomes inflation has now hit nearly 40 percent the many zeroes on the banknotes are deceptive the iranian currency the real has fallen dramatically in value a single u.s. dollar is now worth over 116000 reales that's just a quarter of what it was worth 4 years ago when iran signed the nuclear treaty it's since been dropped by the us. most iranians view the president's plan to eliminate 4 zeros from the currency in or

and many of rain ians are struggling to afford basics like food and medicine unemployment to especially among young people is on the rise. bornstein from the german a rain chamber of commerce says day to day business in iran has become much harder for far. as i can see not all tournament and not all european companies have left the country and. bio are not all have lost interest in the market so you try to stick to this market but it has become much more complicated and much more costly especially with regard to the financial transfer the hardest part of. time there hong kong based cathay pacific says unrest in the financial hub has hit bookings it's also worried about trade tensions the airline is warning shareholders to buckle up after a smooth flight through the 1st half of the year. hong kong's flagship carrier cathay pacific was flying high in the 1st half of this year the airline reported earnings of $172000000.00 u.s. dollars in the 1st 6 months after notching up a loss in the same period last year. good news for the asian carrier but cathay is still facing turbulence not least from the protests that have rocked hong kong for the past weeks. but. a general strike th

problem what business can and they do it has a limited influence over the top with german british chamber of commerce in london thank you. to iran now where president hassan rouhani wants to delete full zeros for the national currency of the rio and also rename it in future it will be called tall man that's a story the rain in currency was called tom on until $925.00 the proposal is part of a plan to curb the rapidly rising cost of living bots experts step tickled that the move will really change anything for. everything has grown more expensive here and many iranians know struggled to afford even basics like fresh produce the country's spiraling inflation is driving prices up faster than incomes inflation has now hit nearly 40 percent the many zeroes on the banknotes are deceptive the iranian currency the real has fallen dramatically in value a single u.s. dollar is now worth over 116000 reales that's just a quarter of what it was worth 4 years ago when iran signed the nuclear treaty it's since been dropped by the us. most iranians view the president's plan to eliminate 4 zeros from the currency in

transporter larry is also president of the american chamber of commerce and drama a lobby group that represents about $1500.00 u.s. and german fair what does he think of trade sanctions for example the u.s. sanctions against well way u.s. firms are barred from selling chips and software to the chinese telecoms giant and punitive sanctions have also been slapped on all kinds of chinese goods including steel isn't that a ton protectionism. the chinese government as you know heavily invested in controlling key industries it's not a free economy and by using those policies china is taking advantage of the naive idiot of the west according to president trumpet so i think in the case of china there were there should be very few people in the west that don't agree ok we should have some kind of policy after of the occupation for. some forces of. ukraine we have also sanctions against russia right and there's a lot of people particularly in germany who argue that the russian sanctions are counterproductive counterargument to that one is ok that's very self-serving germany is one of the major trading partners of russia and so they're