Global Business Leaders begin reassessing their ties to saudi arabia stoking pressure on the gulf kingdom to explain what happened to missing journalists Jamal Khashoggi also coming up mixed emotions on Global Financial markets turbulence made its way back on to the Trading Floor this week the dow managed to bounce back a little bit still closes down around four percent for the week. They say is your Business Update on how to humphrey in berlin glad you could join me some high profile Business Leaders are reviewing ties with saudi arabia over missing journalist. The head of the biz pulled out of an Investor Conference in the Saudi Capital Riyadh this month and british billionaire Richard Branson says hes suspending two directorships Links To Tourism Projects in saudi arabia hes also putting talks to invest in a Saudi Space Program on hold. While a senior u. S. Official has told reuters that major u. S. Defense contractors had expressed concern to the trumpet administration that nor make his would block further arms deals with saudi arabia over the missing journalist donald trump had this to say on the One Hundred Ten Billion dollars our Military Equipment there are things that create jobs like jobs and borders for this country i dont like the concept of stopping an investment of One Hundred Ten Billion dollars into the united states. Because you know theyre going to do theyre going to take that money and spend it or russia or china or someplace else so i think there are other ways if it turns out to be as bad as it might be there are certainly other ways of handling the situation but i will tell you up front right or is this go to our financial correspondent now yens quarter on a Wall Street Yen Strong says one thing but already some big names in business say that they are reviewing ties can we expect further economic fallout over this case. You know what we heard there is a couple actually of companies also some Media Outlets like c. N. N. For example but also the president Of The World Bank decided not to attend this conference in saudi arabia but that is mostly a symbolic step but the big question is what will happen to investments and weve already seen it last year that Foreign Direct Investment into Saudia Arabia plunged to quite a bit and we see the same pattern so far this year a couple of u. S. Businessmen decided to pull out of a mess of Five Hundred Billion dollars project in saudi arabia where theyre trying to build futuristic cities so there are some signs that this actually does have real economic consequences all right thanks for that yes do stay with us because i want to get your take on a rough few days all of the markets lets first update of you as though and wall
street stocks jumps in early trading on friday recovering some losses from a two day slide a few minutes into the session the dow was up one percent on it the final day of a well a volatile week the games followed powerful Earnings Reports by leading banks j. P. Morgan chase wells fargo and citibank they reported higher profits and said the u. S. Economy is strong but echoed comments by the countrys Treasury Secretary he said fundamentals are strong call this weeks losses a natural correction in a high market. So back over say yes then yes and natural correction or something more concerning and what traders reckon and how is the day wrapped up. You know what we still do see is a pretty solid and Pretty Healthy u. S. Economy so it is possible that this might just be a correction in an overall still ongoing bull market but there are some signs that
things could change in the future you mentioned that some of the big u. S. Banks came out with their Earnings Reports on friday j. P. Morgan for example being one of them but the stocks wall was among the bigger lou theres the head of j. P. Morgan ok me die and he was jamie dimon he was pretty cautious looking at the future with higher Interest Rates with trading right problems there was higher tariffs and so on and so forth so yes all there are still some Warning Signs so i guess we still have to wait and see if this horror shows a little blame or something bigger we have to get a financial correspondent thank you very much. Well this could he sell the trade war figures show that Chinas Trade Surplus with the u. S. Has hit a record high now despite washington introducing caris on Two Hundred Billion Dollars worth of chinese goods in september china exports hit Thirty Four Billion Dollars more goods to the u. S. Than it imported Financial Experts warn of Global Economic turmoil. And
the w. C. L. The inertia spoke with the head of Germany Central Bank at the International Monetary fund and the World Bank Meeting in bali five minutes says the resulting Trade Disputes would be easier if the Wall Trade Organization were afforded. Its key to strengthen the Multilateral Trade Mechanism and thats the w t o but we all agree. That there are issues that have to be addressed one would be for instance the protection of intellectual Property Rights but also addressing overcapacity is in some sectors especially the steel sectors have to be discussed but again its key to rely on this much a literal move based mechanisms and not to resort to bilateralism and on trumps eyes a major bone of contention remains germanys large Trade Surplus would you still up
hold that this surplus is mainly due to Energy PricesForeign Exchange rates and the quality of german products as you have argued before so is there no need for germany to move at all this is a bit of a simplification of my position of course i mean the point ive made before was that its key to look whether the Trade Balance is a result of Trade Distortions of Market Distortions or not and in the case of germany i dont see these distortions basically the current account is the result of numerous millions of individual decisions especially of course the Investment Saving Balance and then theres a discussion to be to be helt i mean the question is how can we strengthen investment in germany on market based on the Market Mechanisms and of course Public Infrastructure also plays a role in this context and this is currently discussed within the government and
there are also decisions taken of the suspect so white men thank you very much for talking to w thank you very much. A Declaration Of War thats what the European Cockpit Association is calling ryan has moved to close to bases the dutch City Of Eindhoven and they mundane in germany local scariest sites rising costs little say reduced capacity and a second german facility in need of on you know its meant could worsen relations with pilots willing to relocate the irish carry is hoping to strike deals with the unions in the coming months to end strikes. How the Global Fashion industry is scrambling to respond to accusations of wastefulness and unsustainability and here in germany one company is growing fast by offering second hand clothes online Trend Research as say could be the beginning of an anti fashion revolution. A Business Shirt or maybe a light jacket what these items have in common is that theyre both being sold
secondhand online retailer mo marks has one of its locations in the town of noir in Hocking Near Berlin the companys Buying Garments for its new yuba brand you wont find cheap castoffs here nor will you find high priced Designer Clothing these are the classic brands theyre photographed stored and quickly resold moma x. Is hoping that more and more people want to buy a used clothing. Now i know hes not close but maybe other things. Well i do scare some disease i didnt know they did some Chemical Cleaning well i never. Biggest i want my coast like new. York ive never tried it and im not. On. The yuba brand just still new until recently the company traded exclusively used c. D. s d. V. D. s and
books but are and they actually phase out items in times of streaming services and video on demand and. Every day several thousand customers buy things like c. D. s from us right now and the great thing is that this kind of business is growing every year were not shrinking at all were growing. Besides million haagen moment says locations in Leipzig Berlin and in poland consumers are happy to get rid of their used things or buy other used items cheaply Trend Researcher page of a man is convinced that the Secondhand Clothing Business has a great feature. I think people are rethinking Secondhand Clothing Todays Culture promotes it its the sharing idea you dont have to buy everything new its the fashionable idea vintage and possibilities to make styles and of course its the economic aspect of getting things as cheaply as
possible. Because the price for the second hand is expanding out of its niche market and becoming socially acceptable. Swedish Furniture Group ikea is currently testing the repurchase of its furniture in individual stores if you no longer want your Old Furniture you can return it and get a voucher for other products that the returns are then resold with Special Labeling ikea hasnt determined yet whether it will actually widen its strategy to germany. And Singapore Airlines has revived its direct route between singapore new jersey the worlds longest direct commercial flight at nineteen i was a Return Flight in premium economy will set you back Fifteen Hundred euros Business ClassFour Thousand the airline enormous the record breaking breach in Two Thousand And Four but council that later q two Rising Oil Prices the fuel efficient at bus a three Fifty Nine Hundred makes the rate financially by one again. Yes that europes
a little later in the world of business have a great weekend. On. The im. Such a im. Going to. Be armed forces are under pressure theyre battling Recruiting Problems outdated and broken down equipment and limited budgets. This introduction of planes transport helicopters were not enough tanks to have ten divisions that dont have tanks up the leg so Dont Sourcing and tribe which is a chinook are the order of the day in all areas but not composed dangers. Everybody that was on a private sector business is making money with everything from reconnaissance drones to Laundry Facilities Firms are consulting forces france germany. Metairie Industrial Complex starts october twentieth on t. W. The but. Theres a saying a most many tribes last summer. Before tribal to. Vision is made the elders