The new i. M. F. Head calls on the squabbling nations to set aside their differences and join forces to halt the Global Economic slowdown. Im sure scoble welcome to the program this dispute has millions of basketball fans caught in the middle between nationalism and the game they love china and the n. B. A. The lucrative Basketball League have escalated their spat after a Club Executive sided with prodemocracy protesters in hong kong broadcasters pulled and be a games and more corporate sponsors cancel their contracts experts estimate that china will soon be responsible for 20 percent of the leagues revenue so the least position to put principles and head of profit could prove. I can even think with the Chinese Government censoring everything i write. South park is mocking china chinese censors deleted clips of the Comedy Central show after an episode made fun of hollywoods efforts to please beijing the creators of the show stone and trey parker tweeted a mocking apology like the n. B. A. We welcome the chinese sensors into our homes and into our hearts we too love money more than freedom and democracy chinas state broadcaster c. C. T. V. Has opted not to wear any n. B. A. Games this week that includes popular contests with the l. A. Lakers and Brooklyn Nets the decision came after n. B. A. Commissioner adam silver declined to apologize for Houston Rockets general manager daryl murrays tweet which supported the hong kong protesters the long held values of the n. B. A. Are to support freedom of expression and certainly freedom of expression by members of the n. B. A. Community and in this case there are more as the general manager of the Houston Rockets enjoys that right as one of our employees business magazine says n. B. A. China is worth more than full 1000000000. 00 and there are more basketball fans in china as well than in the u. S. Meaning both sides have plenty to lose from a protracted fight. There are only a few thing a few other things that business around the world want ask quickly resolved as the u. S. China trade war now in various stages of escalation its been hampering Global Economic growth for over a year talks to find a solution have been dragging on as well on thursday both sides want to give it another shot but washingtons latest move doesnt seem to help. The timing couldnt be worse the u. S. Targets 28 chinese firms in its new blacklist this week but says it has nothing to do with the trade talks with beijing on thursday washington alleges the companys helped china suppress ethnic and mostly muslim minorities in what amounts to a police state and she jiang and beijing has issued a stern rebuke. Me phone there is no such thing as the socalled human Rights Problem as alleged by the United States he accusation is nothing but a deliberate pretext created by the United States to interfere in chinas internal affairs. For its part the u. S. Says it keeps human rights and economic concerns separate but it is reported to have previously shelved releasing information that would have shown a light on chinese abuses for fear of derailing negotiations the decision to announce the allegations this week has done little to ease tensions between the worlds 2 largest economies. For more on the story lets cross over to taipei and d. W. Correspondent william yang this all sounds like a pretty bad start to these negotiations on thursday beijing already has voiced its stark. You know quite angry about this move and its hard to envision that this sentiment doesnt spill over into the talks. Yeah exactly so Chinas Ministry of commerce have also asked the u. S. To mediately stop making irresponsible remarks and remove all Chinese Companies from the list of entities and some media reports have also pointed out that the chinese delegation is planning to cut short of their stay in washington so these are all make the prospects of this new round of trade talk beat bleaker than we have expected this is the 1st time since may that the u. S. And china will hold negotiations in its in their trade dispute what lies at the heart of these talks. So right now both sides are at odds over chinas willingness to fulfill its earlier promises and the u. S. Attempt to infringe on economic sovereignty so china wants the u. S. To lift all punitive terrorists while the u. S. Wants china to suspend its a subsidy to chinese businesses and also strictly enforce ip protection so there are a couple of factors that might potentially complicate these negotiations you mentioned a couple there how the experts assess the likelihood of both sides actually reaching a deal which theyve been aiming for for months now yeah so despite the fact that the u. S. Government launched a series of attacks against the chinese businesses and government officials experts believe that china is actually still placing orders over u. S. Energy and Agricultural Products so if the u. S. Government is able to delayed the planned tariff hike next week then there is still the possibility that both sides can reach a mini deal by the end of this round of the trade talk china and the United States commenced their negotiations in their trade war on thursday do you believe or responded really and yang reporting from taipei william thank you. And now to some of the other business stories making news around the world china state media has accused apple of aiding prodemocracy protesters in hong kong warning the take giant of consequences a piece in the peoples daily the mouthpiece of the Ruling Communist Party highlighted a transport app available on the app store that is said to help protesters identify police to. The chinese online retailer alibaba says it will stop selling each cigarette components in the u. S. Claiming growing scrutiny of the industry by regulators a mysterious lung disease believed to be caused by some vague in products has killed at least 18 people in the United States. Singapore has overtaken the u. S. On the World Economic forums measure of Global Competitiveness this groups report says the u. S. Economy is losing ground in measures like healthy Life Expectancy and prepared us for 21st century skills on kong the netherlands and switzerland are the other countries in the top. Christina. Isnt mincing any words the new head of the International Monetary fund warned in her 1st speech that trade wars geopolitical tensions and brags that could lead to broken supply chains and compromise Global Growth consequences she said would still be felt in a generation. Trade conflicts are causing widespread lasting damage thats according to the i. M. F. Incoming managing director christina given she fears they could shrink the Global Economy by 700000000000. 00 or 0. 8 percent of g. D. P. Next year the 20 today even more of the World Economy is moving to see but unfortunately this growth is celebrating to be precise in 2019 we expect Slower Growth in nearly 90 percent of the worlds in other words the World Economy is no synchronized slowdown. The former world bank chief went on to say the looming crisis requires a coordinated response to tackle what she called the most serious threat since the Global Financial crisis a decade ago in the event of a Major Economic downturn the i. M. F. Expects Many Companies to fail 1000. 00 trillion dollars of corporate debt could then be at risk of default the fund is especially urging strong economies like germany the netherlands and south korea to increase Government Spending to help boost demand and stimulate growth but says that kind of stimulus is not appropriate for all countries because so many already have record high levels of public debt. All of those. Financial correspondent paul frank for strong words there from the new i. M. F. Head is exaggerating. Well she doesnt know what shes talking about since shes an economist by training unlike your predecessor and if you look at it the situation has really changed a lot since 2017 when 75 percent of the world was directed in growth and strong decline or continuing decline ever since then it just seems that the world needs a little wake up call and that shes not alone in her assessment as well other economists believe so for example the new president of the world bank who just gave a similar speech warning about the slowdown of growth the world Bank Actually sees 2900. 00 as the worst year in in 3 years interesting that both of them focused on nontrade aspects to combat this however theyre not putting their their their hopes on trade participants the idea being that more Government Spending towards pro growth and tax. Practices that are geared towards more pro growth might help a poor person breezily how good these measures work well if you take germany for example germany has a big backlog in investment especially Digital Infrastructure specially infrastructure and. Now spending on that couldnt just Bring Company contracts it could be a Building Block for other sectors like the Services Sector for example to build on that and grow and if im in more countries do it that might have a larger effect of consumerism frankfurt thank you. And finally johnson and johnson has been fined 8000000000. 00 for failing to warn young men that its antipsychotic drugs wrist pradelle could make them grow breasts the Worlds Largest Pharmaceutical Company is facing some 13000. 00 liability claims linked to the drug which is used to treat site psychiatric disorders including sheets of femia james j. Says it will appeal the ruling which its describes as grossly disproportionate. And thats it for me and the Business Team for more news and features you can always go to the w dot com slash business or follow us on social media im for sports thanks for watching and have yourself a successful. Look into the foot is the game here on the 1st place to talk about. This us all coverage. 3 more posts how many people we have cox lets have a look at some of the amounts of romney whos still shaking in the green a sigh of relief so you dont want to miss. The just go. To w. After the fall of the berlin november 9th w. Hello and welcome to news from the world of arts and culture is whats coming up on the show today. We follow in the footsteps of a renaissance genius Leonardo Da Vinci who spent his final years not in italy in france. And the german photographer rudys the best and his fascination with water in all its forms. We begin with a new film about the most legendary woman in science monkey kookery radioactive is currently doing the festival circuits and all man scott rocks for a quarter with its a rain in director marjon satrapi zurich Film Festival in switzerland hell be here in the studio in a minutes but 1st his reports about the. Science is changing. Murray curry is scientist rebel and feminist in a new film from mars also topic in this extraordinary look at the 2 time Nobel Prize Winner and pioneer of the science of radioactivity change the world. Such crappy remembers her own Mother Holding the scientist up as a role model for any mother who was preparing care do it or not to making good money and become a good wife and wanted to thing for you
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