Thank you bridge no order to ship them overseas but cutting cambodia tries to put some survival into its domestic industry. Ive been lets do business a global recession could be round the corner and the trade spat between the u. S. And china is only getting worse but some reprieve today on the economic front as beijing pulled this out of its hat an uptick in exports last month up 3. 3 percent from a year earlier analysts had predicted a full given the trade war and all imports into china are another story where domestic consumption continues to drop off less than expected still these next numbers are telling once Chinese Trade with the us is taking a hit especially imports from the us falling 9 percent from a year earlier china is no longer americas top Trading Partner falling below the mexico and canada for the 1st half of the year lets talk about that and the world
economy with columnist. From the Macro Economic policy institute here in germany and doesnt quite agree with what many analysts are saying today i believe is that true or. If analysts are saying that we are really heading into a worldwide recession i wouldnt agree but most analysts i think are not there yet they say the risk of a global recession has increased of course it did but we are not there yet where does this put china. You know china has a softening of growth and they have also a decline in manufacturing which is true for a lot of the world but they still have a robust domestic economy n. T. And the government is also doing a lot theyre cutting taxes they are softening Credit Standards they are doing a lot of Public Investment so i think the Chinese State is ready and able to cushion any private sector downtown so you reckon the Chinese State is in control the World Economy is going to continue just i think it is ignoring the long yeah i
mean it is of course the growth a softening compared to last year but we will still have growth and although chinese pros is now i think the lowest in the last 10 years or something i mean its still what its still the highest growth rate of any big economy in the world with around 6 a little bit more than 6 percent so this is softening but its not yet recession ok for me and i want to ask you about the health of europes largest economy in a moment 1st lets take a look at this report because the big german engineering firms car makers and supply has a role in crisis hit by Profit Downturns a lot of companies are cutting jobs or reducing hours. Europes economic motor may be running out of gas would a Motive Supplier continentals and it profits slump 41 percent in the 2nd quarter and the company has announced plans to shut down an entire factory competitors shiflet and bush also lowered their Earnings Expectations and said to stop food
have to be Let Go Falling Demand is hurting Steel Companies like to the company is bracing for a loss this year. And exporters are feeling the squeeze from the u. S. Sign no trade war and brics it worries for economists the signs are clear germany is heading towards a recession. Overall industrial output in june this year was dome one and a half percent compared to maybe that was a bigger drop than analysts had been forecasting compared to june of last year it was an even greater fall 5. 2 percent the biggest decline since the financial crisis broke a decade ago industrial output is expected to drop further in the next 3 months. And if the World Economy is not heading for a recession is the German Economy yes the German Economy is probably we dont know yet is probably already in a recession weve seen a decline in manufacturing production since already the last at the half of the
last year there is still the Service Sector and construction is Still Holding up its also very good still its growth and employment and also on wages so the domestic economy is really buffering the problems of manufacturing probably when the official Economic Data on g. D. P. Will be published you probably might already be in a 2nd. Quarter of a technical recession so decline and so germany as you say is in a very broad bust situation what can change germanys future walk in change things and turn things around so 2 things its what others can do and what we can do what others can do is of course that at the moment the whole thing was a Trade Conflict between china and United States its much more about psychology its like investors are not going to invest because they dont know what the future its not yet that terrorists will be really. A problem for growth but its really
the for cost so if they if you know donald trump and the chinese are getting along in the next half year perhaps and situation will improve but we dont know that and the other one is that germany of course has a whole lack of Public Infrastructure and the germans could now be much more in favor and say clearly we want to have more Public Infrastructure here in germany because we need it and we could also step belies our economy by doing that. And i thank you very much for coming in and. Now to some of the other Business Stories making news samsung has unveiled its new Galaxy Note Smartphone it hopes itll claw back some of the i Phones Market Share south Korean Company is squeezing more battery life into its latest devices by scrapping the Headphone Jack something it mocked competitive its doing. Italy has banned cruise ships from entering venice president groups have long complained that the one and a half 1000000 tourists arriving on cruises and she of Course Ingestion produced
too much rubbish and spend too little for a collision in june when a big line is struck a small boat the Italian Government says. Ships away from the historic city. Japan has backed down in its trade tiff with south korea but only by bits granting its 1st Export Approval to its neighbors since imposing curbs last month still its doubling down on political pressure and warning it could broaden restrictions. Japans decision to remove south korea from a socalled white list of trusted Export Destinations for key Tech Products plunged relations between the neighbors to their lowest level for decades. So there was cautious celebration in seoul after japans Trade Ministry appeared to relent and approved exports of a vital chemical used to make semiconductors. Japan did not further expand the list of restricted items one has announced details of how it wouldnt
force the removal of south korea from its white list. There are fears the feud could disrupt Global Supply chains and disrupt the production of smart phones computers and other electronics. Korean courts of seize the assets of Japanese Companies operating in south korea during japans colonial occupation of the country and ordered compensation for the victims of forced Labor Industry minister. Said the approval showed there was no embargo on shipments. Since that photo was taken i said korean government has criticized japan by saying there is an embargo on shipments. Because of this we decided to disclose exports sort of pass through our strict examination procedure and to show that we have granted approvals. In south korea passions are running high the trade spot with japan has led to
protests boycotts of japanese brands and even suicides. Is rich in rubies and sapphires but the country lacks the expertise to make big bucks out of jim starts most or export it to thailand to be caught and made into jewelry which is where the real profits are to be made. A 20 carat dark blue gemstone thats what khaitan spends hours each Day Searching for where he to discover one hed be a rich man the pile in province in Western Cum Boat has long been known for precious stones but heavy exploitation means discoveries are now rare still now and then someone will get lucky and stumble upon a soft fire or ruby. I earn 500. 00 u. S. Dollars some months other months though i dont find anything and so i earn on
nothing its all a matter of luck. The miners have been waiting for this man leap oh hes a Gemstone Dealer and hes going to examine todays whole. Shows him what hes got hes hoping for a good price to get an accurate valuation the stones would need to be tested in a lab but the dealer can make an estimate based on his experience. This Stone Isnt Anything Special we call it tone here ill say its worth about 150. 00. Over the past few years bodhi has posted solid growth of more than 7 percent this is given rise to an expanding middle class with money to spend on things like gemstones this store specializes in Red Sufferers and blue rubies price tags here begin as a 1000 euros the stores owner grew up in the u. S. His most expensive examples are either bought by western tourists or exported to
china. This blue theyre called as an example right now people go around and call it the diamond open body also its a very beautiful stone and for example his piece right now is where you 19. 89 carat which has come down to 10000. 00 u. S. D. And this fridays is it is still going go compared to vietnam in Thailand Cambodia is Gemstone Industry is still in its infancy but in recent times dealers have been coming together in an effort to market the countrys precious stones abroad if we have that new technology. Building yeah and ability that can sicking on this i think cambodia can recovery all that in mind but finding precious stones is
a matter of luck and Many International Mining Companies arent willing to make large scale investment based on serendipity so for now the search for gemstones continues to be led by enterprising individuals hoping to strike gold. The e. U. Is accusing turkey of undermining security in the east in the mediterranean Off 1st 2nd Turkish ship began Drilling For Oil And Gas 1st the ship joins another turkish vessel which has been drilling in the region since june the field is predicted to contain trillions of cubic meters of oil and gas and its being claimed by both turkey and the cypriot. Mustering business with a. Coup
for more than 40 years microsoft has lived in fairburn where the flood plane may have to move soon. Coastal villages truckin by rising sea levels and theres no money to repair dikes and dams. Russell feels abandoned tunnels was already exists but hes not going to give up his home without a fight. To minutes on t. W. And on demand. Language courses. Video and audio. Media center. Earth home to millions of species. Worth saving. Googling geos 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 global audience and series of global 3000 on t. W. And online. Slate. Listen carefully. To suit your needs to get a good. Match. Discover the old. Place. Subscribe to the documentary on to. Play. This. Song rules out conflict as a way to resolve the crisis. As a security. Enters its 4th state more than 500 politicians. And
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