Begin with china where Foreign Trade continue to fall in october exports dropped to north point 9 percent compared to the year before while imports plunged 6. 4 percent even worse trade with us is down almost 16 percent. Now thats in the midst of an ongoing trade war between the worlds 2 biggest economies and its unclear if theres an end in sight one day after china announced an agreement between the 2 governments to roll back trade tariffs reports about opposition from the white house. And while im clearing my throat im happy to welcome my colleague Chelsea Delaney at the front for dough in Frankfurt Germany financial how to find out more about this latest tariff truce is it going to happen the white house doesnt seem to be too happy about it. I think the mood among investors among trade and this is certainly confusion today there by the end of the day yesterday the comments from the white house for contradicting not only chinas agreement announcement but also each other one of the comment thats getting a lot of attention today is the announcement from Peter Navarro a top trade advisor who said this the trade tariffs are not on the table for for taking them out of the agreement and that this is Wishful Thinking so i think theres a lot of confusion and also more caution among investors because if if the u. S. Does take tariffs off the table how are they going to do how are they going to sort of get china to to. Agree on some of people are issues that arent on the table right now so i think investors are becoming more cautious and were seeing that reflected in a mixed reaction and markets today to. Thank you so much. And we now move on to our next story last night the German Parliament the wheel was due to discuss the controversial stream 2 gas pipeline project which will transport russian gas across the baltic sea directly to germany the debate to a specific code to do to take mcculloch correspondent will tell us more about that later but 1st a closer look at the project itself which has met with its share of criticism. As if stretching a pipeline across the baltic sea werent difficult enough new e. U. Ruling makes it even harder the north stream to pipeline belongs to Russian Energy monolith gazprom has just the gas it will transport but a new e. U. Law bans the pipelines owner from also supplying the gas with one exception if nord stream 2 had been completed early this year the law wouldnt apply it wont be finished until 2020 though so is nord stream too over germany wants to prevent that the both the pipeline will supply it with 55000000000 cubic meters of natural gas from russia each year thats needed to guarantee German Electricity supplies once coal and Nuclear Energy have been phased out so the government here once its own new law it states the german end of the pipeline has already been completed it merely needs connecting to the undersea stretch for berlin the pipeline as such was completed before the deadline so it doesnt fall under the new e. U. Restrictions does that mean the multibillion euro nord stream to project can be saved berlin might not get away with that as easily as it imagines. Because that sounds very complicated lets bring in radio for more k. 1st of all the german one has to have wanted to discuss the issue last night but didnt what happened. Exactly so they did want to discuss this issue but paula meant the system was actually called to an end prematurely and that was due to an objection by the far right if didnt they actually brought into question the poor and of the german bund as tog so technically officially the german bundestag only has a quorum when more than half of m. P. s are present but of course when debates are taking place during the late hour as this one was expected to take place at around 2 am of course its difficult to get those kind of numbers of m. P. s present so this isnt anything new something that the f. T. Has brought into question on previous occasions as well so this was much more to do with a technicality in in the German Parliament as opposed to the content of this law all right if eventually manages to get that new law through well itself the controversy. That will definitely not leave this issue without its without further problems of course there is still a lot of objection particularly in from the e. U. But also from the u. S. The washington previously said that germany would be hostage to russia if this pipeline went ahead and of course there are also the concerns of countries like poland and ukraine as well about what potential problems they might face once this pipeline possibly comes into action next year brady there reporting for us on the north stream to controversy thank you so much. Moving on now to the 30th anniversary of the collapse of the berlin wall which quickly led to the reunification of germany but 30 years later the division between east and west remains People Living in the form a east west longer lists and overall a lower quality of life compared to their western counterparts but as thousands streamed across the berlin wall the economic differences were a stock in west germany 62000000 people lived in one of the world strongest economies in the east the population was a quarter of that and the economy was only 110th as a big now these economic differences remain none of germanys dax 30 Blue Chip Companies are headquartered in the east at best these Companies Run factories in the former east such as fox bachman wages in the east a much lower in the west the average hourly wages around 34 euros while in the form east its 6 euros this hour productivity is also in the Eastern States so lets talk a little bit about they said now with an expert in joining me in the studio is a mix of the shares hes a Research Associate at the German Institute for Economic Research also known as the dia w. So you constructed a study on the impact reunification hot on the economies in the 2 germanys how divided or how united is germany now in that respect well i think we came a good way to being united. Theres still a gap and its. Its a considerable we talk about the betting on the indicated 30 to 20 percent in terms of for instance productivity so theres still way to go what is the biggest problem well essentially we have completely different structures to some degree we have a very rule east and we have as a west that is much more urbanized or even you know very urban areas and we know from you know from research that urban areas and firms in urban areas have a higher productivity so. To some degree real little bit compare apples and oranges when we say ok the east must be like the west because its a rule area very next verse and theres no be nice area exactly but as you said we have rule areas in urbanized areas in both sides if there is significant difference between rural and urban areas in the east as opposed to those in the west or do they share the same problems well though and thats actually one of the results its when we divide not that we nice and west but between east and west and rural and urban noise and compare these regions with each other we see that the rule areas in the east or essentially as productive in the firms in these real regions as productive as their counterparts in the west and we see actually the same for the very few urban areas that we have in the east and comparing them with the ones in the west. What we see there is a huge difference in terms of urban noise so when we talk about regions like hollow or something and there we have a huge gaffe so essentially this there is to some degree already united germany if you want to say so urban areas in eastern west or much more similar than we think when we just think about east ok and in the last minute in your study did you also find a way to solve that problem for both sides of germany well one of the important things we need to do we need to have more investment also in the rural areas and not just talking about having in the next street or something but we need. A good infrastructure in terms of information that works because that is key for the future we dont discuss about whether we have electricity there or not we do have it all in all of the regions of germany and we need that in terms of broadband infrastructure as well so. In terms of a united germany a one germany 10 years 5 years is a long. Im sure i would say still more than 10 years more than 10 years ok so we need to be patient then alexander says Research Associate at the German Institute for Economic Research thank you so much for your time thank you for having me. Well private Business Owners were not widely accepted in east germany because they stood against the communist partys philosophy but some succeeded and that before and after the wall came down. This lady has been spinning in the dudek machine building factory for 30 years the company is located in the eastern part of berlin c. E. O. Your one dudek has 35 employees if founded his company in former east germany in 1986 the Government Back then tolerated private companies because the economy needed so much help back then johan to dick did lots of jobs for the east German Government but he soon realized that east germany was broke. You know limit they had reached their limit and it couldnt go on like that. And i think that at one point even the stasi saw. No matter what they tried the situation couldnt be helped his office was full of souvenirs spanning 30 years after the fall of the berlin wall the east german businessman inexperienced in the way of capitalism was ripped off a few times in the beginning when he looks at this picture he remembers. We finished and delivered the orders but they only paid us half of what they owed us after 300. 00. Experienced all the risks that business men face now after years has finally paid back alone he took out and can now afford the good life the remnants of the berlin wall a just a tourist attraction the stays is not shedding any tears for east germany. We have blooming landscapes as cold promised us just not the same everywhere but imagine if hes germany went on for another 30 years there would have been nothing left but ruins. For the 73 year old dude theres one more assignment finding a successor. And thats it for me and the Business Team here in berlin for more Business News and features you can go always to g. W. Dot com slash business or follow us on social media thanks for joining us. Im not laughing at well i guess sometimes i am but mostly laughing with the. Dont think deep into the german culture of. New jersey will take those ground delphine thus its all that. No time rachel join me to meet the gentleman to tell us. Syrian born this is a local bar in berlin. He lives just opposite within a father who was a member of the hitler youth as a child. Some residents are suspicious of refugees in the neighborhood. Americans curious about the bars regulars. Across the road worlds apart. Starting november 11th. The 1st. Down. In the months leading up to the collapse of the communist east bloc german rock band scorpions were some of the 1st western musicians to play in the soviet union it was often 1989 and the wind of political change that was blowing in moscow thanks to Mikhail Gorbachevs policy of glasnost inspired the song of change that became an anthem for the end of the cold war. And with welcome to arts and culture celebrating the 30th anniversary of the fall of the berlin wall in november 1989 Mikael Gorbachev the last leader of the soviet union is one of the heroes of germanys peaceful revolution at least from a western perspective 3 decades later the man who rocked the world with his vision of social democracy met with the rockers who wrote that soundtrack of hope that we just heard they are of course in the meantime good friends and scorpions paid the 88 year old got a better of a visit in moscow. Down to. Listen to them with. Scorpion singer klaus minor serenading michelle gorbachev with his famous ballad about the fall of communism and the end of the cold war but with former polish president left for once out on
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