Dont seem. To be curious minds. Do it yourself networkers. Subscribers dont miss. The trade disputes between the u. S. And europe reaches new heights washington announces fresh tariffs on aircraft and other industrial and Agricultural Products to punish brussels for subsidizing european plane maker arabs. Also want to show saving into a slowdown or Growth Outlook forecasters are warning the German Government that a balanced budget isnt the be all and end all. Employees in hong kong find themselves that with a difficult choice to make join the protests are stay employed to speak to a woman who is out of work just for supporting the movement. This is the w. Business im joined now the milan in berlin wall washington appears to be making good on a World Trade Organization ruling allowing tariffs of 7 and a half 1000000000. 00 on its thats for illegally subsidizing european plane maker air bus in a 1st step the u. S. Has announced new duties on aircraft and industrial and agricultural goods it sets the stage for a further extension of whats already the worlds longest and costliest trade dispute. U. S. President donald trump isnt a fan of the World Trade Organization but he may have changed his mind on wednesday during a press conference with his finnish counterpart he said the w t o ruling was very good news for the u. S. Efforts. Beginning oct 18th washington will impose new tariffs on e. U. Goods including 10 percent on aircraft and 25 percent on other industrial an Agricultural Products. Its the latest move in an epic 15 year battle revolving around europe and its airbus on the one hand and americas boeing on the other the w. E. O. Has found both the e. U. And the us guilty of paying on lawful subsidies to their respective plane makers before washington announced its response to the w t o ruling germanys chancellor was quick to highlight the gravity of the situation. Nothing in between the case under World Trade Organization law. This takes it beyond an arbitrary question to a verdict in accordance with International Law which now hangs over arab us one must sadly say. We have to see how the americans will respond by saddam once video of only conny its the. Scene European Union has so far made it clear it would bring forward retaliatory tariffs if necessary they would come on top of tariffs the e. U. Wants to impose on the u. S. Following the w t o ruling over boeing subsidies a decision on the penalty in that case is jus in around 6 months time with the aerial jewel set to continue into 2020 and beyond both sides are in for the long haul. All across now to our financial correspondent yes quarter on wall street yes is the time to brace ourselves for a long and expensive escalation of this us e. U. Trade dispute. Well i mean those new tariffs are supposed to be imposed by october 18th so in a good 2 week spot there will be a meeting between the u. S. Side and the European Union on october 14th so who knows if those tariffs can be averted and were talking expensive pretty relative 7 and a half 1000000000. 00 is a lot of money but overall the European Union exports goods to the United States in the amount of almost 5 100000000000. 00 so in that respect its a rather small amount but clearly that could theoretically lead to an escalation of the trade tensions between the e. U. And the United States as well. Now you can stay there because we have another agenda point and were talking about the markets because frankly speaking theyve seen better days and p. 500 the dow the nasdaq all headed southward on wednesday by around 2 percent respectively thats because of growing investor anxiety over economic blowback from the u. S. China trade war a week august jobs report indicated businesses becoming less eager to hire amid slowing manufacturing growth and persistent uncertainty. And now weve seen jobs hit weve seen manufacturing hits are we going to see a slowdown in consumer spending. Well at some point. Likely to have to happen and so far the labor market overall still remains pretty strong even if the job rolls that weve seen basically for 9 straight years is cooling quite a bit and if you look at the numbers in the Manufacturing Industry we even see some signs of a recession at least in that area so far consumption is Still Holding up well but then again we also got the latest figures on car sales in the 3rd quarter and there are a couple of science officer cooling so theres no reason for alarm at this point but clearly we do see some hints that the economy is not growing that strong or as strong as weve seen in the past couple of years and that could very well lead to some weakness in the labor market and if we see the weakness in the labor market it is likely that consumers will start to spend less but probably not for this Holiday Season we are looking towards next year when we might see this quarter and quarter theyre calling for calm and caution at the same time thank you very much. A group of leading think tanks have cut their growth forecasts for germany the economy contracted in the 2nd quarter and as the expected shrunk further in the 3rd quarter that would put it in a technical recession the economic institutes have warned chancellor Angela Merkel against holding on to a balanced budget they say saving into a downturn only exacerbates the problems. In the southwestern german town of hohenlohe of the big company produces state of the art ventilation systems the Technology Leader is still in good shape but its seeing fewer orders. Disquisition discussion between the u. S. And china certainly not helpful at the moment its tracking down sales and everybody is cautious one tweet from mr trump is enough to send stocks tumbling. The think tanks say theres a lot of uncertainty due to press it and global trade disputes but the insists the economy is not in recession that its more a downturn especially in the Auto Industry coms wonder if its were just scraping past a recession but were not in one and our forecasts dont point to one either private consumption has so far helped germany escape recession the economists say comprehensive stimulus isnt necessary though some spending would help and 1st time continuing with a balanced budget would be a big mistake cutting spending during a downturn only exacerbates problems. The 5 think tanks a new debt should be taken on to a limited extent to bolster the economy but new debt is something the finance minister and conservatives certainly dont like to hear German Companies still face uncertainty and are unable to make long term plans so they have to lay off some staff and reduce investment at least in the short term. Now months of protests are continuing to take a toll on hong kong high street august retail sales for the city were down 23 percent on a year ago the 7th monthly decline in a row on tuesday 70th anniversary of communist party rule in china saw an escalation in the violence with. Live shots fired by police for the 1st time and one protester in Critical Condition in hospital. Now as these protests continue china is pressuring companies to fire stuff who participate in them hong kongs flagship carrier Cathay Pacific has been under particular scrutiny our correspondent mathias burning filed this exclusive report. One month ago Flight Attendant rebecca c. Was called suddenly into an urgent meeting with the management of so company it just happened in 5 minutes and 17 years already. She was shown screenshots of facebook posts she made in support of hong kongs protest movement and she confirmed they were hers she was fired she had been working as a dragon a subsidiary of hong kongs traditional pacific she was also the chip person of the Flight Attendants union that supports the protests. Its just what was special all right a facility manager tells us to leave the companys premises beijing has put pressure on hong kong businesses to suppress protested. Cant say is at the center of the controversy china issued a security warning against the company banning pilots and protests from flying into and over the mainland more than a dozen employees were laid off creating an atmosphere of c. E. O. Closing their facebook account they live take on the photos. Changing the profile page and changing the name. Theyve become so common nowadays when i look up my facebook oh my gosh i could i reckon recognize how is that hong kongs economy has suffered from the crises tourism and retail are affected most but also the financial industry that connects chinese and International Businesses employees of the industry have been active in the protests some have found a union in support of the movement nathan lung one of the founders has since been put on paid leave. This is they were pressures of our freedom of speech freedom of Assembly Freedom to form a union so this is not my own. Business anymore thats all the work has. In hong kong. His company. Contract of the bank. His Political Activities but fear companys business sector. I wonder if the premises of her former employer many colleagues to encourage none of them want their face shown kind. I havent been crying that hot even for myself so you can see my terminations but it was them when i received the message from them that ive really tried so hard. In a sign of solidarity she was reluctant chairperson of her union just days off to nation. And thats it for me and the Business Team here in berlin for more Business News and features you can always go to dave dot com slash business. Thanks for watching. Much of europe want to kick them out. Of the worst region. She can sit in the mediterranean. But one woman makes life a little better for her new neighbors. Meet mama riyadh and the refugees of zamost. 60 minutes on t. W. Coming from the detention of the famous naturalist and explorer. To soon the bridge clicks on the from the old school 250. Marking on the 4 inch of discovery. Expedition he boyd dean dont. We can start rewriting the software of sample bacterial cells. Were not created large crowds were rewriting the program for all the software or read all over so all we can redesign though there will have Different Properties i dont have a clue or will begin on changing the or being a lesser drop of the appropriate could give us better person. To sort of using fossil fuel. To bake plaster. We could have fired or give a sample size of all girls of late. But. Were just learning this is going to feel. This is due to the news africa coming up in the next 15 minutes a Mass Movement of people is just taught in east africa the 1st group from 200000 wounded with the g. s in tanzania will be returned home in the coming dollars. The mob was formed 150 years ago today the n. C. Colonial activists spent more than 2 decades in africa with us legacy pontin used to divide opinion well hear why. And of football 1st force of the countrys new women speak as to its bills