A couple of great things. In the height of climate change. Africas most of. Whats in store for the 26 months to come for the future the books. Come for to make a city to go to insight. Counter. Protesters in hong kong are scrubbing their social media accounts Facebook Whatsapp and google say theyll suspend providing user data its all towards hes there in support of the territorys freedom of expression. Also on the show german industry picks back up as the country loses its lock down. Europes largest economy still has quite a ways to go. And the spanish region of i do see a reconsiders an economy based largely on tourism. And stephen fears that in berlin welcome to the show Facebook Twitter and google have all said they will no longer respond to requests from the Hong Kong Government and Law Enforcement authorities there for information on users of the pause pending further assessment as facebook put it also applies to whats out which the company owns Tech Companies are among the 1st to respond to chinas new security law in the territory others in the Business World believe its not just social media giants we should be concerned. Its not just freedom of expression at stake the focal point of these protests at hong kong money over the weekend the new security law raises questions of a common Business Concerns like the safety of intellectual property and Data Security and it lengthens the reach of the chinese authorities i think if you are a business and youre an individual or even if your thank you go its all kong but its all that advice im going to think of on kong as a transit start of place i would not be holding up a lot of intellectual property in hong kong i sound old. I would have any exodus action hong kong i would simply be much more cautious and i retreated very much as i wouldnt see the chinese city. Hong kongs calling card was that it wasnt just another chinese city that offered Legal Certainty and access to western finance but the mainland lacked. China believes it can preserve hong kong as a Financial Hub though its called capital into the island and mobilized allies among the Business Elite many of whom have deep stakes in the mainland on monday and even drove markets Hong Kong Stock Exchange close to the 4 month high when a Chinese State run newspaper encouraged bull market investment beijings message you can engineer the stability that business wants under the conditions the china wants. Lets talk to our financial correspondent in new york against korda ins good to see you yes lets start the markets today quite a surge globally did a Chinese State run newspaper really play an Important Role in the search where all of this stayed on term media tells investors that its time to buy stocks obviously at least investors and china follow it was quite remarkable specially if you look at the shanghai stocks over there are up by almost 6 percent youre definitely do not see that every day and maybe here on wall street fishing for any kind of you was to find another reason to buy into the stock market but seriously the big increase that we saw here in the u. S. Was just a continuation from last weeks big increase weaver you have actually reports or the prognosis that global Central Banks by the middle of next year might pump a good 15 trillion u. S. Dollars into the Global Markets that creates a lot of liquidity and the money has to go somewhere and thats partially into stocks and then also here in the u. S. Specifically we had a pretty strong showing from the Service Industries so that also details to drive stocks higher. They is going back to hong kong should we expect to see more western businesses such as these Tech Industries which we expect see more pressure on them Going Forward given this new law well clearly theres a lot of at stake and its very multilayered i mean 1st of all we have to wait and see what the reaction will be from the chinese at ministration about tung kong is such an important place for us and Chinese Companies to do business we see each other its basically one of the only places where they can do that but then we also would have to wait and see whatever the Chinese Government is going to do what will washington actually do is so maybe they will debate that hong kong should use their special place and sold there are a lot of open questions so but so far hong kong clearly has been crucial for u. S. Businesses but for Mainland China as well the situation clearly is very fluid and at the end of the day it might not be good for chinese nor u. S. Businesses either all right our financial Correspondent Court of their new york thank you and u. K. Prime minister Boris Johnson has said that he would have to think carefully about using technology from Chinese Telecom firm huawei and countries 5 g. Networks forced johnsons remarks came after france moved to restrict Telecom Operators from using Huawei Technology Chinas Foreign Ministry spokesman hit back at paris in a priest rather a press Briefing Calling for quote an objective and fair attitude to huawei has been accused of spying for the Chinese Government and the u. S. Has pressured countries to shun the company. Announcing a brief look now at some of the other business stories making headlines. The u. S. Court has ordered the shutdown of the controversial north Dakota Access oil pipeline that has long been opposed by native american tribes and environmentalists the court cited a construction air with no simple fix it ruled that the half a 1000000 barrel a day pipeline be emptied within 30 days. German vaccine champion cure vaca is getting 75000000 euros in loans from the European Investment bank the companys carrying out clinical tests on a potential koeppen 1000 vaccine the money while the company complete a Production Facility and support the development and mass production of the vaccine. German factory orders rose by more than 10 percent last month thats according to the federal Statistics Office thats less than expected some analysts say the figure highlights just how difficult it will be to repair the damage wrought by the coronavirus orders are 30 percent lower compared to this time last year raising fears that europes largest economy will continue to suffer from the global recession. And with more on this years our financial correspondent conrad buson the german manufacturer is not out of the woods yet yes there was an increase in factory orders from april to may but if you compare them a numbers to befall the corona lock down factory orders are still much much lower for example in the german car industry new orders in may were 47 percent lower than in february still the update on factory orders of course was a sign of hope for the Financial Markets and many traders are saying that the pressure remains high on governments to come up with more stimulus to help the economy recover further for example the Recovery Fund planned by the european union. In staying in the e. U. The southern spanish region of under new c. E. O. Relies heavily on tirzah thats made it especially vulnerable to the coronavirus pandemic and threaten jobs in hotels torah services and restaurants now the regions talking about diversifying its economic base theres an challenges along the way. There is industry and a loser like this elevator maker in seville sells Tailor Made Solutions to a range of Different Countries and its happy with its location in Southern Spain apart from the Business Environment so really. The main weakness is the lack of a broader Industrial Base and this is no become clearly evident and these times of covert 19 infections and the global pandemic. And more interest realized an economy is the stronger it is. And the losers industry generates only 12 percent of the regions output far below the spanish average it still depends largely on tourism and agriculture for its revenue. But now the local authorities have decided they want to change that and make the region more crisis resistant the 1st step is about reducing red tape. Going to be a government which is a partner for companies. Limit of that is to only demand the paper work that is really essential. Jose my startup is located on the outskirts of seville he wants to make peoples homes more intelligent morio sensors can be used for many tasks from alarms to recording Energy Consumption levels he says he hasnt noticed any of the economy ministers new alone. Hardly had any support there are loads of support policies but lots of paperwork to go with them and the start of often cant handle the time and effort needed. Another stumbling block especially for data driven companies is finding suitable staff. It can be like looking for needles in haystacks. Or i mean for me a full time which i found that particularly frustrating you know you go to the university and find maybe 2 out of a 100 who have any real passion for the work and raring to go thats real difficult its basically more about culture of a. More Traditional Companies like elevator makers face the same problems which have deep roots in under lucio it went out that way at a plan if you got a bunch of very long term project and everyone will have to join in nourishment that is not something you can solve administratively. Everyone has to get involved families ghouls and universities and companies and put aside you tend to lose years government wants to convince young people and their parents that School Qualifications on the profession are more important than making a fast book into or is a more construction. Well its Paris Fashion Week end with a catwalk canceled due to the pandemic fashion houses are having to get creative chris young your has reached into its past unveiled dozens of tiny dressmaker mannequins for its newest collection each dressed in a series as a miniature and a life size version and is a throwback to the traveling truck collections of the world war 2 era present day collection whoever comes with its own film of course. Thats it for me and the Business Team as always you can find out more online about these and other stories dot com slash business its watching. The last stand of news the highest this is because then they get sued in the 1st. Week on wake up call. Concerns about my wing extremism in germany Security Forces have been increasing for years in a clandestine network ammunition and weapons were illegally hoarded but for what purpose an inside job close up. Next on t. W. Eco india. Trainees of the Western Ghats mountains. To protect them from deforestation project helps villagers found food for use in hospital medicine. Its good for people and good fun nature. In 60 minutes on d w. Y subscribe to g. W. Books you meet your favorite writer sometimes the story calls me and you have to respond do you know what your books can do to. Sound. Great camera. And action. Have some talented filmmakers from different parts of the world all have one mission. They live for down. Thats barely nala talents the 3 women show of the best names for them are 21. Comedy w. The Coronavirus Crisis right wing extremists could take advantage of it to push their agenda does this tom and tom its a dream come true for these right wing subversives they cant wait to get started thats a good. Right wing enemies of the state have established contacts with units of german soldiers and police
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