Edge of the Samsung Electronics empire is Corruption Case is up for review. Im going from one place to business and you study shows europes economic engine is stabilizing and thats despite so much uncertainty surrounding the future of global trade and the potential fallout of brags that the Business Climate index has just been released and economists surprised they were expecting morale to take another hit instead its Holding Steady many businesses actually expect order numbers to grow over the next half year germanys export refined economy has been suffering from slower Global Growth and Business Uncertainty caused by some governments protectionist measures. And we can get out to tens 1st president of the institute what has changed. Oh yes we have a change in manufacturing so the decline in the evil in the eggs were mostly due to a decline in manufacturing over over months and we now have a some of the stabilization in this very important area for the German Economy one of the reasons braggs it brags it has become a little less likely in the past 4 weeks weve seen that u. K. Government that seems to be heading towards hard braggs it started to negotiate and the e. U. Side as also shown its ready to negotiate so it seems both sides of finally want to avoid hard drugs that the chaos is still there but the likelihood of this such a very bad schalke has declined theres also at least no new bad news from the trade war frond with the donald trump saw these are factors that may have stabilized. The index so you reckon the outlooks a little better because i mean trade wars are still raging breaks it hasnt happened yet we have to remember that the backdrop to these numbers is quite dramatic what what sort of a crisis would you say we are then in. I mean these things are still looming theres no doubt and this is a stabilization this is not a tunnel around we should see that very clearly but we also have to see the domesticity economy is going right to really where construction in germany is going well wages are rising employment is rising the government is spending a lot of money we have a fiscal stimulus this year after 22000000000. 00 euros so all of us have allies in the economy so the doom and gloom was maybe a little exaggerated you mention fiscal simula say what about monetary stimulus because it hasnt germany been profiting or doing quite well thanks to the policies of the European Central bank. Well German Companies the export industry has done well because of the interest of the policies of the central bank which has brought down the Euro Exchange rate savers of cause have not done so well banks have not done so well so the picture is really mixed the last round of stimulus the c b now seems a little exaggerated we dont have a massive downtown in the eurozone but still the e. C. V. Has taken all these massive measures and it seems a bit like using a sledgehammer to crack a not so we shouldnt exaggerate here what do you think of the u. S. President s criticism he says germanys getting an unfair trade advantage from what he calls the grossly undervalued you wrote when it is true that the us president has through his own policies caused an increase of the u. S. Dollar the big deficit the tax reform has pushed up the dalai in the u. S. Tax reform so if he changed his policies he would also bring down the euro zones 1st president of the institute thank you very much for joining us from munich this thank you but its the next round of talks in the bruising trade war between the United States and china the 1st punch coming from mike pace the u. S. Vice president accusing beijing of curtailing rights and liberties in hong kong and lashing out at american companies. Mike pence wants u. S. Corporations to stand firm or against chinese pressure he pilloried them as social justice champions which check their social conscience as the beijing store. And far too Many American multinational corporations have kowtow to the lure of chinas money and markets by muzzling not only criticism of the Chinese Communist party but even affirmative expressions of american values. In fiery rhetoric hence also claim that u. S. Trade deficits had rebuilt china over the last 25 years and that the American People back washingtons trade stance towards beijing when the largely agricultural phase one deal is signed the u. S. Wants to tackle the more thorny issue of intellectual property theft and u. S. China trade talks resume on friday. Lets go its your jealousy the lady of financial correspondent in frankfurt is tracking this story for us where are we at in this trade war vein its been raging for what 16 months now almost. 16 months and its still pretty early innings for this this trade negotiations so this is the also the 14th round of negotiations that are entering into this week and its still phase one trump a souther there this this deal is going to come out over 3 phases and theyre really sort of front loading the easy issue is in this 1st phase agricultural purchases. Its something that both both countries can sort of get behind the bigger issues the thornier issues are really being kicked out of the road for a later discussion so things like. Intellectual property transfer is this is that a huge. Issue with that with the us of. Whenever whenever u. S. Companies set up in china they allege that they have to hand over their technology to 2 Chinese Joint Venture firms so thats been a really big issue things like Cyber Security data transfers between companies that are set up in china trying to take the data out those are all really important issues that arent being addressed right now so there are still a lot of a lot of bigger things here to think about but i think what beijing is thinking here is that you know trump is going into Election Year 2020 he really needs to be thinking about the economy and sort of the damage of the stewing so i think theyre sort of hoping that that lights a fire under the u. S. To be more open to negotiating you know while we wait for an agreement on the text of this phase one. The whole time the global trade is being disrupted is a to me what sort of debt which are we talking about. Its i mean its been incredibly damaging to trade we have the world trade trade organization out earlier this month and they cut their outlook for global trade this year to the lowest level since 2009 weve also seen a ton of companies sort of warning about the effects of this you know caterpillar was out this week saying that this is hurting their business b. S. F. The German Company also just warns that this is really impacting their prices and their sales so were seeing really a Global Impact on the economy its really slowing every every countrys trade and corporate profits everything really shows you lately for us in frankfurt thank you very much no special treatment for us asias 4th largest economy south korea says its time to admit to its enhanced Global Economic ranking and stop benefiting from its developing countries status and future negotiations with the World Trade Organization bowing to reality or pressure so koreas finance ministers announcement comes with global trade tension soaring. You get the bigotry of the we have decided not to seek special treatment as a developing country in future negotiations 1st we recognize that we have authorised he to negotiate sensitive items like rice or you know 2nd we will not for go developing country status itself only the special treatment in future negotiations in the german yaki which are many of them under World Trade Organization rules countries can identify themselves as developing allowing them to impose high tariffs to protect Key Industries south korea used it to shield sectors including agriculture like rice farming from foreign competition but holmes announcement that his country would not be giving up its developing nation status could be seen as trying to have things both ways and whether its enough to placate this man is another matter donald trump has been strong arming friends and foes over the issue since july when he wrote that the w t o was broken when the worlds richest countries claim to be developing countries to avoid w t or rules and get special treatment nor more he tweeted. Among his targets were china and south korea but saul says its decision reflects its own growing economic success and position as a leader in technological innovation. Others say its a result of trumps tough talking approach to shaking up the global rulebook on trade. And saying in south korea billionaire samsung and j. Young is being retried on corruption allegations in 27. 00 saying he was sentenced to 5 years in jail which was subsequently reduced and then suspended now the Supreme Court says the amount of bribes lee allegedly offered former president going to fair or undervalued. The league is back in the dock the vice chairman of samsung faces every trial on corruption charges links to the 2016 scandal that sent south koreas then president to prison. I feel very sorry for causing concerns for so many people. 7 concerns about the future of both samsung and the country as a whole samsung is a multinational megacorporation by sitting almost half a 1000000 employees its most famous for producing smart phones laptops and televisions. But it also builds ships Office Life Insurance property and even medical cash the company is responsible for around a 5th of south koreas economic output so when some song sneezes south korea catches a cold 6 which is why this new trial is so significant and not just fine the j. Young. And finally industrial action in greece is causing quite a stake gob age is piling up to collect his went on strike against plans to outsource public services. Job losses theyve protested outside parliament where a raft of labor reforms is up for debate. Greece exited its 3rd Bailout Program a year ago but its still supervised by foreign lenders who want more labor market flexibility. But doing business of it. After the fall of the berlin november 9th to w. Earth home to millions of species a home worth saving. Google ideas tell stories of creative people and innovative projects around the world ideas that protect the climate boost Clean Energy Solutions and reforestation. Losing interactive content to inspire people to take action the audience and series of global 3000 on t. W. And online. Greetings from berlin and welcome to our news from the world of arts and culture im karen helms said and heres whats coming up on todays show. Its National Library day here in germany and we look at the way at the ways libraries around europe are evolving into places and exchange and community as well as good old analog books. And violin virtuoso. On to the scene in 1970 and has managed to stay true to herself despite the demands of life on tour. But we start off in istanbul with the 16th edition of the citys biennial which features more than 220. 00 works by 56. 00 artists a turkey has one of the oldest and proudest artistic traditions in the world and yet today with scores of journalists and intellectuals in prisons as a result of government crackdowns on freedom of expression the country can be a hostile place for contemporary art all the more kudos then for a show that continues to find ways to push the envelope. Of the. Continent echoing current concerns its about plastic. Catastrophe and visions of the future are. Infused with a well