Business has come to the u. S. Has labeled china a currency manipulator cranking up trade tensions between the worlds 2 biggest economies the decision rattled investors on International Stock markets Donald Trumps decision follows the sharp weakening of chinas you one currency which breached the closely watched barrier of 7 against the dollar busy the u. S. Treasury said its labels china a currency manipulator because it has devalued its currency to quote gain an unfair competitive advantage in the worst sell off of the year the dow jones lost close to 3 percent on monday shanghai composite shares 2. 4 percent asian markets later ted those losses. Lets go straight to our Financial Markets correspondent who is in frankfurt only it seems like the trade war has and hit a new round and new arena tell us what does it mean when the u. S. Calls a country a currency manipulator. Well when you manipulate your currency youre doing that in order to get an advantage in trade and donald trump is saying manipulating the currency by the chinese is helping them to gain an unfair advantage in trade making their products cheaper thats more attractive for the americans to buy over for example products that have been manufactured in the United States one analyst today perked up and said that it gives trump a legitimate reason this accusation to escalate the trade war into a new level currency manipulation is a very serious accusation but of course it also means that the chinese are reacting now they have slightly set the pace for the slightly higher seemingly you know offering a little olive branch to donald trump on this question you just talk about the legitimacy of labeling china a currency manipulator donald trump is very quick with this allegation normally his label the e. U. A currency manipulator before does he have a point here. Well in terms of china he has a point because in opposition to Central Banks like in england in the United States or in the eurozone the chinese do set a mark a level for the yuan which it has to which it can fluctuate around and theyve kept it slightly higher now making a little bit of an advance towards donald trump but yes they do set that tone and economists i talked to those said that the yuan at the moment is neither undervalued nor overvalued but neutral so. Its a conflict of opinions here some see that the chinese are not getting an unfair advantage in trade at all only bonds and frankfurt thank you. Job losses dropping confidence the headlines we recently read about german industry are discouraging trade wars and breaks it are to blame for that no doubt but Industrial Orders are surprising analysts this morning increasing by 2. 5 percent in june thats certainly a ray of hope coming there from germanys Statistics Agency and the biggest rise in 2 years but is probably just a blip. In june the clouds parted german Industrial Orders be divorce costs and landed some major contracts Siemens Wind Energy unit got mesa is contracted to build huge wind parks off the eastern coast of the usa turbines that can produce 1700 megawatts and provide power for more than 4000000 households its the largest offshore contract ever awarded in america. Orders like this are keeping German Companies order books full contracts for goods made in germany rose 2. 5 percent from the previous month the biggest increase since august 2017. But the news isnt all rosy factoring out the big ticket projects overall orders are down by 0. 4 percent. Physically economists are warning against celebrating too soon. The rise in orders is a good sign but sentiment indicators show that germanys industry isnt out of the woods just yet. To some of the other Global Business stories making headlines this morning the Worlds Largest automotive supply of bosches planning significant job cuts planning declining demand in the car industry the German Company said it was expecting sales to flat line this year although the scale of the job losses is unclear expected especially affect stuff at sites producing parts for diesel engines. Global privacy watchdogs are sounding the alarm over facebooks plans Cryptocurrency Libra in an open letter privacy regulators from the u. S. The u. K. The you and other countries have asked facebook bosses to clarify what practices will be used to protect personal information and to ensure that transfer action histories would not be shared with 3rd parties without user consent. In geneva the 50th session of the. The Intergovernmental Panel on Climate Change is coming to an end today the week long conference was all about future technologies to mitigate Climate Change now while everyone is talking about Renewables Wind and solar and electric cars anyone remember fuel cells that were once hailed as the solution to all our Energy Problems the technology is suspiciously missing from the agenda these days fuel cells were developed nearly 180 years ago and the car industry has been researching them for decades but only a few comic has ever released fuel cell powered vehicles as a look how they work fuel cells create energy for an electric engine by using just hydrogen and oxygen the beautiful part the cost exhaust is only water vapor no toxic fumes no particles and no c o 2. 00 and unlike Battery Powered electric cars those with fuel cells can travel long busy distances and it takes just as long to fill the tank with hydrogen as it would take to fill it with petrol or diesel on the other hand very few filling stations have Hydrogen Facilities and fuel cell cars are expensive and some drivers still believe in the technology. This is the moment hes been awaiting for whatever tired chemist is getting his hands on his new rides at 200 sameer right now Hydrogen Fuel cell car that comes with a hefty price tag of 70000 euros. Ive been interested in fuel cell since i was a student. And this is a really future Oriented Technology of course the price is high but i want to do my bit for the climate everyone talks about it im taking action. Just too much. In the southern german says you have or the researchers are looking into how to make fuel cells more efficient and tied to bring down money factoring costs. You know with implemented some improvements in the assembly of the cells after having identified some room for improvement. Were working on developing a construction process that would enable the materials to be processed by machines. And its here that german industry sees its strength as opposed to say in the area of factories cell production where money factories have struggled to compete with Asian Companies another key issue is infrastructure at the moment operations are working on expanding the network of hydrogen filling stations in many cases their locations on the same size as existing stations. 6 times to present we have some 70 filling stations operating in germany. By the end of the year customers will be able to make use of around 100. 00 across the country. So far theres been no major incidents of hydrogen filling stations in germany but earlier this year a fire at a Hydrogen Fueling station in norway sparked concern over safety. It wasnt actually a technical issue so much as a case of poor insulation. The so to that extent while the case was irritating for no way i dont see it as a step back in terms of the further development of Hydrogen Technology fission. Has worked out how it ought hes hoping the technology could one day drive the future of mobility. In italy millions of all of trees are dying and disease threatens to wipe out millions more whole communities of farmers are affected the state scientists believe a deadly bacteria was imported from Central America 5 years ago now the race is on to save italys all of. Its an all of growth and up to the heart of italian farm country by no these Magnificent Century old priest should have produced a harvest of ripened fruit but instead death and decay hangs in the air here the bacterium. Laid waste to most of the trees the leaves turn yellow and then they dry up. Giovanni melt carney has already lost 90 percent of his trees production is at a standstill instead of pressing oil he spends his time trying to find an all of tree resistant to the bacteria. Probably there im on a fiddle you know we will know infect the young plants with the disease we will release the insects that transmit the disease here and then we have the scientific proof that this local strain is immune to the bacterium and will not be affected. And sense of what they are calling the unknown at. Scientists who have been enlisted for help and the. P. F. A. The equinox he shows a group of egyptian agricultural scientists that between the disease trees some space and still bring with life its uniform all south of the latino and for loss of the riaa ts are a start we hope and we are feverish lee looking for other varieties that have resistant live outdoors. Researchers are using this sap to locate 6 trees and share their findings the problem they face is huge some 20000000 trees have already been affected and the disease is spreading 2 kilometers every month today it its early to morrow it may be other major all up producing nations in the mediterranean. And thats it from me and the business team. As always for more Business News and background stories analysis check out d w dot com slash business thats all watch and up next a quick look at Global Markets into the dollar. Im secure in the they were that hard and in the end there is a me you are not a lot of the here and more innocent of that. Are you familiar with this. With the smugglers what alliances are being whats your story. Ready ready and what numbers and women especially of victims of violence in terms of take part and send us your story we are trying in all weathers and the stand this new culture. Another villa turn other guests you want to become a citizen. In for migrants your platform for a while information. Hello and welcome to arts and culture why are more popular than ever before weve been to a 2 convention to find out also coming up. Designers folks are far from well in love but now one of them if his areas of the british capital. Baghdad are series 100 german must reads spy the way out of pity as a hero who was always getting things rollers offering it is not a case of real simple tatoos have never been so popular theyve been around for thousands of years but 1st became fashionable in the 1960 s. With the Hippie Movement and the biking culture back that it was a sign of individuality and since then to do so to to have never looked back today its a thriving industry and we were europes biggest to 2 convention here in berlin over the weekend and the superstars of to touring with their to show off their skills. The annual convention sees hundreds of tattoo artists tattoo enthusiasts and the curious converging on the german capital. Some of the best in the world modern day jet set is his reputation precedes them thanks in part to instagram. Following means worldwide recognition sponsorships thank local gigs. Tattoo artist raffle