Business of your business. In berlin welcome germany is famous for manufacturing the best for cision Machine Tools in the world Mechanical Engineering is one of the backbones of the countrys economy no other sector employs as many workers not even the car industry but trade wars bags and the darkening outlook for the World Economy have hit the sector hard the lobby group of germanys machine makers has now presented latest figures for factory orders and its not looking good the sector has already lowered predictions twice for this year. The slowdowns already left its mark year Engineering Company shipped in cologne has seen orders slump by 20 percent this year the company had to introduce a short time work in may managing director carl martin vertica hopes that will see the company through the worst the whole sector is affected. In many regions like barton vert and back Engineering Companies and especially our customers as well are having to resort to a short term working and in some cases layoffs will be unavoidable. Right now Industrial Investments are being throttled back because Worldwide Business in general is not doing so well so the large conglomerates arent ordering as much machinery from german manufacturers. Even to fish make any other industries flagging chemicals off lagging all in all the trade wars are not good for our sales and now its up to the politicians to secure decent conditions for us to work within and to facilitate prefer barrier free trade. Shooter is also an Auto Industry supplier and the plant is operating be low capacity after several order cancellations short term work will be ramped up over the course of the year temporary contracts wont be renewed. And management expects the situation to become even more difficult. Lets have a look at some of the other Global Business stories making headlines today sales of Japanese Cars in south korea plummeted as the fallout of the economic rub me in the 2 countries deepens in the survey shows toyota and honda sales were down by a around 30 percent each in july last month japan began tightening exports to south korea and a dispute over wartime labor comes. Through pages p. C. John flint is to step down after just 18 months in the role the surprise decision was reached by none of his decision off the board and did not give any reasons for his departure only saying that challenging Global Environment required new leadership. For the Opposition Labor Party have called for an investigation into the countrys newly appointed finance ministers role in financial misconduct before entering politics chancellor such a subject jovito spent 18 years at Deutsche Bank labor party have raised concerns over mr jevons involvement in the bands tax avoidance he denies any wrongdoing. And we are talking now to determine. Who is the director of the German Economic Institute a think tank economic think tank based in berlin. Originally wanted to talk about the rather disappointing factual to figures coming from germany but today if were looking at the Bigger Picture were just looking at markets in asia that down across the board over the china u. S. Trade conflict that is again. Getting was how breaks it has become more likely in japan and south korea weve just heard it its other throat the situation over caution in india is potentially very dangerous. If we look at all those hot spots we headed for a real crash here we are looking for a recession behind the corner it seems so and you mention that we have more negative stories and good stories the bad stories are coming from politics as well as in dudgeon as Economic Growth aspects so we see that overall we have a slowdown the slowdown in germany and europe again and the beginning of 2800 should never forget the highest the peak in all these Economic Center mandan all the statistics we had in turn from 2 and 70 to 18 since then a slowdown and really realized it more and more but on the other hand we have also some more stable indications of it for labor market for example labor market in europe is on the best and before crisis we have a stable increase of employment in germany so this backing consumption its balanced but its not really a crash but as i said its looking behind the corner and we are not quite true if there was this will come out what are you whats the single most boring factor right now. The most remarkable burden for economic actors is the insecurity about politics and politics means at least in United States and United Kingdom so trump and johnson both personally have the same structure of acting from 2nd to a 2nd they will do at Economic Costs they have their domestic their internal gold so they want to fulfill the election in the United States and its a bracks and in Great Britain and at all Economic Cost so we see this and this is the most important brand i would say you mentioned trump and johnson the u. S. And the u. K. Traditionally very very important trading partners for germany now. Has recently said that germany has to look for new partners who could that be china the best partners or europe. And our partners in europe we have to strengthen the you know me and that has to be enough for the 1st row because we see that we have a lot of discussion and dispute in europe and we have the chance for a restart in this year after the European Election of a new positions on the nominated and defined and its Something Like a restart and i think its the best we can do it to stick to europe and to make clear that this is our main focus and most important bases for economic and political influence in the world on the other hand its quite clear that we have to Work Together with all the partners we have. To to go ahead with the trade negotiation with the United States and europe is at stake because france the french government has different perception on that than the german one and have it to come together china is really a difficult story its not really market economy its looking on economic and military and political terms on their own so there is no easy. Terms have on the table we have to work to do it here richard thank you very much the work of. Changing tack around the world scientists working to find ways to lower Carbon Dioxide levels in our planets atmosphere one of the main drivers of Global Warming one way is very simple burn less fossil fuel and produce less c o 2 but many economies still rely on fossil fuels for their energy needs so capturing c o 2 from the air on a large scale may be one way forward a company in canada is now pioneering a method to filter c o 2 from the air and turn it into fuel. Everything seems to be fine on jonathan studies organic farm in western canada. But jordan knows better than most things oh and as they appear hes the member for West Vancouver in the British Columbia provincial parliament where he holds the environment and energy portfolio. Globally its accepted that its not going to be a noffs to simply stop emitting we are going to half the pole carbon out of the atmosphere for to achieve the. And we had a bit of a technical problem there heres a quick reminder of the top stories were following for you here on the w. Germanys machine makers are reporting factory orders are down by 9 percent in june compared to the same month last year and its the 6th consecutive months lead drop in Chemical Engineering as one of the backbones of the countrys economy employing more than 1000000. 00 people. From me and the Business Team here in berlin for more Business News and back on stories check out the w dot com slash business and watch a 5 next after this stay with the w. Heres a quick look at global markets. Or. He creates a sex phone operator who works her masters thesis on the potato. To free. Not to turn on well its more words it was from their. List truman st. Never has it been the stock. Is facing mass extinction. You could say that hope itself is in danger. But there is a glimmer. Biggest companies are uniting to create. A possibility. Not only animals for peace and. Hope to. Live. For conservation. His goal is to make the fish trade better fresher more Sustainable Fare thats the concept behind mohammedan biased business to buy patch. Tomorrow the fish will be in frankfurt and the day after that Restaurant Guests will be able to enjoy fish from to a pet shop. But the International Competition is fierce will the senegalese fisherman be able to maintain his high standards. Lynch in a bag by as hands are empty as he visits one of his customers today. Business has been slow. Ive been expecting you know why havent you been coming over here or why its been here im always in berlin. Why didnt you bring me fish rice im very sorry about that business has been difficult lately. Everyone knows him as moma today he brings bad knees since he hasnt been receiving