A global slowdown europes economic motor may be running out of gas water mode of supply or continentals net profit slumped 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 the stuff would 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. Side 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 down one and a half percent compared to made that was a far 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. The trade spat between the u. S. And china is only getting worse but some reprieve on the economic front as beijing pulled this out of its hat chinese exports rose 3 and a 3rd percent last month on the same month last year analysts had predicted a fall given the trade war but chinas imports from the u. S. Did decline 19 percent year on year and china is no longer americas top trading partner its now below mexico and canada. Our financial correspondent yes of course that joins us now from new york a welcome yes so just how are these export numbers from china being viewed on wall street. Well for now there was a huge relief when we got those data and if you look at the comeback came here on wall street at the whole of the session on when stayed until the end of the session here on thursday the Dow Jones Industrial average gained about almost 1000 points in value of the big question is what those numbers are really worth sort of it got published for the month of july is a bit was really before Us Donald Trump announced that he would like to increase tariffs on the 300000000000. 00 worth of imports from china by september 1 but at least for for now there was a little bit of good news so from the economic front and therefore we saw a huge comeback here on wall street. Numbers with a grain of salt but wall street is taking what it can get stay where you are young because theres more market moving used to chat about and right hailing service has set a record but probably not the kind it wants it posted a loss of 5200000000. 00 for the 2nd quarter its deepest reported so far as a revenue rose up 14 percent on the year to 3100000000. 00 its lowest quarterly growth rate the company has struggled to overtake concerns it would ever make money and its back to yes quarter on wall street to yes are you there we should see you and just im a woman but hello yes how are investors reacting to those numbers from hooper theyre not great either. Well i mean ober is facing a couple of battles all over the glade with regulators with competitors with drivers and those numbers clearly were worse than expected in an initial reaction and after hours trading the stock dropped by as much as 10 per cent that then after a c. E. O. Spoke and was kind of upbeat that at some point hes convinced over might become profitable we did see some of the losses narrowing down a bit so clearly no good numbers but overall its wall street still seems to be well not certain but hes a certain chop that over can be profitable eventually but the stock also clearly trades below its i. P. O. Price when over became public here on wall street by early may investors riding a hopeful wave thank you very much chance carter there in new york for us at the end of october britain is set to leave the European Union with or without a formal departure arrangement with the e. U. A socalled new deal brags it would cause major disruptions to travel in trade causing Food Shortages and raising food prices by as much as 10 percent here its largest part producer has said supermarkets could struggle to stock their shops. In normal times britain is since pigs would end up on british dinner plates danish heritage produced beacon beloved by brits but these are abnormal times the growing chances of a new deal breaks it has left utopian farmers like her fearing for their futures. I am a Little Brothers but. We have had 3 years to after this so i think we have well we have made a very special product for them for the u. K. Market i think it will be embarrassed if. It cannot sell it for english millennium anymore. At the danish crime Processing Plant theyre preparing meat for the Global Market the company is the largest pork exporter on earth which is handy as the bleak forecast is forcing bosses to search for new markets elsewhere because we need to look at their. Turn to because if you look at the rhetoric coming out of. The british from the British Government and its to a diet and for British Consumers it isnt any better more expensive products. Could mean empty shelves quite possibly its not just food as much as half of the free trade crossing the English Channel is expected to face disruptions the u. K. Government is warning people to brace for shortages of medicine and other vital supplies. Back at the pic farm however the Prime MinisterBoris Johnsons do or die approach may yet find snorts of approval. Now to some of the other business stories making news samsung has unveiled its new galaxy note smartphone it hopes it will fall back some of the i phones market share the south Korean Company is quizzing more battery life into its latest devices by scrapping the headphone jack something it mocked competitors for doing. Sprinted to strong Profit Growth in the 2nd quarter earning over half a 1000000000 euros but sales grew less than expected sending its shares down the sportswear maker says its biggest problem is overcoming supply chain bottlenecks to meet demand in north america. Italy has been cruise ships from entering venice residents have long complained the one and a half 1000000 tourists are arriving on cruises every year create congestion rubbish and spend too little on the businesses following a collision in june when the liner struck a boat the Italian Government says it will now recruit ships away from the historic city. As the world is getting hotter more of the worlds polar ice is melting where some see a climate catastrophe others see a Business Opportunity take a look. Yes thats an iceberg and this is how edward keene now makes his money the 60 year old canadian fisherman hunts ice thats. Is to the north and drifted south to warmer waters his team breaks the joint pot sometimes with the help of a rifle fishes them out of the water and holds them into the a boat where theyre thrown into a container to melt all for this bottled water welcome to the profitable side of Climate Change with the arctic swarming waters come new opportunities for the business minded in canada and not just for bottling more tourists are flocking to iceberg once frozen corridors are now opening giving visitors the chance to reflect soberly on the revenues of Climate Change. The region is benefiting from the boom which has helped to offset the decline in the areas traditional fishing industry part of a new phenomenon labrador coast has even renamed itself the iceberg corridor or keep Getting Better every year we got to tour buses coming here now if you can see behind you there but we decided 283540 tour buses you know with older people coming into town every every season so. Back on kings boat hes got a hole to deliver he can collect as much as 800000 liters from may to july which hell sell locally for a dollar a liter the same water will be sold again eventually fetching as much as 12. 00 a bottle target market luxury shoppers in europe and the middle east keane is philosophical about his role. Going to 3 weeks. Naturally back to a jury. So were here for our Climate Change appears to be unstoppable modest will make a little money in the process. And speaking of Climate Change and money could the battle to save the planet be prompting germany to review a. Frugal fiscal policy a senior official is reported as saying the government may ditch its much cherished balanced budget to fund an expensive Climate Protection Program for years strong growth and high employment have allowed it to boost public spending without taking on fresh debt but shifting away from fossil fuels will cost them 37000000000 euros meaning germany might have to enter budget deficit territory after all. Thats your Business Update thanks for watching. The world this during the course of. Moves to justify a lot of problems. The global 3000 talk to a team of british researchers who take a more optimistic view. The world is not always a good thing but its much much better than it was. Really Getting Better in. The global 3000. 00 special report. On digital. More. Never has it been the stock. Is facing a mass extinction. You could say that hope itself is in danger. But there is a glimmer. Of the Biggest Companies are uniting to create global change. A possibility. That not only animals will be saved but hope to. The lions share of the conservation of hope. Daniel hope preparing to go on stage for the opening concert of the new season. Hes the 1st soloist the Service Music director of his or a chamber orchestra. Pit. For the violinist however theres more than just the next step