The u. S. Has labeled china a currency manipulator cranking up trade tensions between the worlds 2 biggest economies the decisions rattled investors on International Stock markets trumps decision follows the sharp weakening of chinas you one currency which breached the closely watched barrier of 7 against the dollar yesterday the u. S. Treasury said it labeled chinas current china a currency manipulator because it had devalued its currency quote to gain an unfair competitive advantage in the worst sell of of the year the dow jones lost close to 3 percent on monday shanghai composite shed 2. 4 percent asian markets later had some of the losses. Lets go straight to our Financial Markets correspondent bartz who is in frankfurt only it seems like the trade war has entered a new round and in 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 i. Q. Zation 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 that 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 take that 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 bounce in front of thank you. And now to some of the other Global Business stories making headlines this morning the Worlds Largest automotive supplier bosch is planning significant job cuts blaming declining demanded 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 they are expected to specially 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 for the purpose of regulators from the u. S. The u. K. The e. U. And other countries have asked facebook bosses to clarify what practices will be used to protect personal information and to ensure that transaction histories will not be shared with 3rd parties without user consent. Japans Prime Minister shinzo out as a huge south korea of breaking International Law as tensions escalate between the 2 neighbors japan remove south korea from whites list of countries with preferential trade status last week seoul is in a dispute with tokyo over world time for slave on the whole. In geneva the 50th session of 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 while everyone is talking about renewables and wind and solar and electric cars remember fuel cells that were once hailed as the solution to all of our Energy Problems the technology is suspiciously missing from the agenda these days before we talk about why that is heres a quick reminder of the Technology Fuel cells were developed nearly 180 years ago and the car industry has been researching them for decades now but only a few coming because have released fuel cell powered vehicles why is that bad news well fuel cells create energy for electric engines by using just hydrogen and oxygen the beautiful part. Because exhaust is only water vapor no toxic fumes no particles and crucially no c o 2 and unlike Battery Powered electric cars those with fuel cells can travel long distances and it takes just as long to fill the tank with hydrogen as aboard a petrol or diesel car fuel cell cars are expensive but some drivers are not put off by the hefty price tag. This is the moment 100 feet away saying for get hot whatever tired chemist is getting his hands on his new rides at 2000 mirai now Hydrogen Fuel cell car that comes with a hefty price tag of 70000 euros. Have been in prison 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 and im taking action. Too much. In the southern german city of researchers are looking into how to make fuel cells more efficient and hard to bring down manufacturing costs. Proposal importance on how much you see it with implemented some improvements in the assembly of the cells after having identified some room for improvement to move were working on developing a construction process that would enable the materials to be processed by machines. And and its here that german industry sees its strength as opposed to say in the area of Factory Production where manufacturers have struggled to compete with Asian Companies and other key issue is infrastructure at the moment operations are working on expanding the network of hydrogen filling stations in many cases they are located on the same size as existing stations. 6 times to present we have some 70 filling stations operating in germany if. 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 as a Hydrogen Fueling station in norway sparked concern over safety. Risk and i knew he was taking his steam it wasnt actually a technical issue so much as a case of poor insulation. 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 station. As forget how it ought hes hoping the technology could one day drive the future of mo bit less a. The moment Hydrogen Powered cars are very expensive. There are other few gas stations that keep hydrogen times but these issues proponents say could be easily resolved if there was the political will to do so and one such proponents joins me now from g. W. Studios in the call hes a writer of a book called the super molecule tim welcome to the show needless to say youre a big fan of the Hydrogen Engine and you say that the industry is neglecting the technology at its own peril whys that. We see a lack of political will of pushing hundreds of power where it belongs and stepped the german condos 3 years and tangled in criminal activities around fraudulent software that produces fake environ mental friendliness of cars so i really miss seriousness and or politics. So we are losing drone to the japanese and the South Koreans for. That are already started walking the way towards hundreds of society where the democrat makers were once leading in that technology where are we now can we catch up with the japanese and sure we can still catch up but when i visited b. M. W. And winter last year they were supplied was fueled by toyota so toyota really actually wishes that in this case competition but germany is not delivering and that they. Produce Battery Powered cars were just the technology that is really not apt to. Capture or Renewable Energy and sufficient supplies room for 4 or 4 or. 4 neat and strong he will sell cars though they that they run on hydrogen but Hydrogen Company just taken out of the ground or the add must be produced and that production is an Energy Intensive process are they really more climate friendly. Yes but when you use Renewable Energy for electrolytes and this way we can store and transport. Electricity that is from Wind Turbines or solar panels. Energy that is otherwise lost when on a windy day and when the day the sun shines a lot of energy is wasted because we dont store so and so so was fired and we could solve these problems but the flipside sundered syndicates a fear of the decentralization and the end anybody with a solar panel can produce its own hydrogen and we wouldnt even need to filling stations anymore so. That is a revolution that would come with hydrogen and. Sail and make money if you go this way. And then acting as temple thank you very much for thing as it was that thank you. And heres a reminder off the top story were following for you here on deed of your business the u. S. Sign a trade war is entering a new round after the chinese currency dropped sharply the u. S. Is officially designating china a currency manipulator. And thats it from me and the Business Team here and then for more Business News check out our website www dot com slash business thanks so much. Robots are still in the development phase. But its going to happen when they grow. Will humans and machines be able to peacefully coexist or are we on the verge of a robot call it. If we just bumble into this totally unprepared with our heads in the sand she seemed to think about what could go wrong then lets face it its probably going to be the biggest mistake in history. Artificial intelligence is now spreading through our society they are experts be able to agree on ethical guidelines or will this Technology Create deadly new autonomous weapon systems. School robot collapse stores aug 14th on d w. Hello and welcome to our culture why are more popular than ever before weve been to a 2 convention to find out also coming up ill be texan designers folks a clock and well in love but now one of them if his areas of the british capital. Padded are series 100 german must reads stefan spikes the way out of pity as a hero who is 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. 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