Africas most successful radio drama series continues this season the stories focus on hate speech prevention and sustainable truckle production. All of a sows are Available Online and of course you can share and discuss on africas Facebook Page and other social media platforms. Crime fighters to news now. The World Trade Organization wax its finger at trumps trademark the w t os says american tariffs on chinese goods violated International Trading rules. Also on the show how corona continues to kill the cull unary seen as year of summer comes to an end to how restaurants going to cope when they can sit diners outdoors. And cheese for credit we take you inside italys famed fort knox of parmesan cheese. This is the business im just on in berlin thank you very much for joining us the World Trade Organization has ruled out the u. S. Global rules when it imposed 200000000000 dollars worth of tariffs on chinese products in 2018 washington has argued that china engaged in unfair trade practices but the w t os said the u. S. Measures were discriminatory and excesses. Are correspondent Sabrina Kessler joins us from new york sabrina whats the reaction been to the w t o ruling in the u. S. And to be honest there wasnt much of a reaction at all it was mainly. To u. S. Trade representative who was the only one from the ads that strikes you they really dealing with a prominent acknowledging it on the decision as a validation of the go it alone approach to confront china basically saying that the w a p o o o o has failed to do its job and china. So confirming the us of us probably not what the w t o wanted but are there any Practical Implications that you see for us china trade. So for now it really has an impact washington has 68. 00 days through appeal the decision under about the rules however the ruling itself lines not. Off at least 60 days probably because of the conflict areas that china already has imposed and the trade agreement for its reach for this reason emphasized that this ruling wont have an impact on the phase one deal also because w t o is more or less all of us to push that were going through. Now so reno looking ahead to wednesday of course investors are also waiting on a Rate Decision from the Federal Reserve can you give us a bit of an idea of what theyre expecting so i think its more or less clear that Interest Rates will stay on touched however investors are eager to are know more about what this new inflation target means at the end of august so all is stated that the inflation goal of 2 percent might be more flexible in the future meaning that the fed wont intervene as quickly as possible even when inflation rises also the state of the economy and the labor markets will of course be of interest but as i said i dont expect any rate change to come soon but given that the economy is doing as badly as it is at the moment and vespers are not indeed expecting any surprises but is there any chance at all that something unexpected could occur i mean its i we are we have shortly before the rest election i think. Youre on call it wont do anything that could harm the markets so yeah we should do it so you would its mission will be to morrow and yeah i think as i said no way to change us will but i think we will definitely there are more about the economy and stable markets and it. Thank you very much supreme there for us and new york. Now to some of the other business stories making news. Cruise giant carnival has announced close to 3000000000. 00 in quarterly losses most of its global feat remains fleet that is stocked with cruise the suspended due to the bidding demick but the Corporation Says there were signs of recovery and that demand for cruise holidays was back to 2018 levels. The Coronavirus Crisis cost the Global Tourism sector 460000000000. 00 in lost revenue during the 1st 6 months of 2020 the number of people traveling plunged the u. N. Said tuesday International Tourists arrivals fell by 65 percent with seeing the steepest decline. Astra zeneca has resumed cove in 19 vaccine trials in south africa thats coming a week after tests were paused due to syria and some serious side effects in a participant in britain some 2000 volunteers in south africa are taking part in the trial. Apple apple has announced a brand new Fitness Service the app will allow users to work out to video sessions with real trainers its designed to link up with the companys apple watch a new version of which was also announced today its. Now the experience of dining out if one can dine out has certainly changed mass to waiters digital menus spaced out tables you name it but social distancing will become even harder once the weather gets colder and diners have to sit indoors the thought is making Restaurant Owners a little queasy. To spend this music is the same but the look of being close topless bar has changed the tables once crowded together no have to allow for one and a half metres social distancing only half as many people can eat here and thats not. Easy for the fun feeling that we used to have here people laughing patting each other on the back hugging. Their thats all gone. Now everyones distanced and were seeing it in our earnings to. The employers trying to make the bar inviting despite the kobe 1000 restrictions hes redecorated the wine bottles act to keep patrons apart now hes looking for ways of fitting in more gifts once it gets colder outside. Well have to get rid of that table and 2 tables over here and then separate this completely from the program but. The best thing for his business would be a longer open air season with outdoor gas heaters if the city of freiburg would only reverse the current ban on the devices. Ive also got other to give you the padding it would be ideal if we could set up heaters here and off a lot of people would love to sit outdoors but despite all his attempts to make the best of the situation ben franklin was nervous about the coming autumn hes already had to let 3 of his employees go in the past months. With the its what it is also if you have to shut down the outdoor patio and only use the interior will that be a catastrophe for you. I dont know if well survive with the effort were putting into it now i know its impossible for people on the outskirts of freiburg as gus tells should send owner martin both shelters also pinning his hopes on this terrace which offers space for 300 guests the war in iraq because they are overwhelmed wed like to move the business outdoors by setting up a wine bar out here where people can stand around at a large enough distance it would also help generate revenue of course. For going on. But despite those plans he fears losses of 30 to 40 percent in the upcoming months assuming the guests even come. Because the 1st thing is my biggest fear is not knowing how people are going to react once it gets a lot colder and if the infection rate goes up and not knowing how things are going to develop. Finkler the top us bar owners also wondering how things will go this autumn but he says hell try to focus on the road ahead despite the bleak outlook. If youve never heard of play the thought and ileana well its your average publicly listed back except for one tiny detail theres no gold and its faults but she parmesan to be exact is the far from only enriching pasta dishes holders of parmesan are themselves quite wealthy and they can use the golden wheels as collateral. Here in the Emilia Romagna region of northern italy is whats known as the fort knox of cheese in the closely guarded storehouse wheels of parmesan are piled up to the ceiling the oversized safe deposit box with control temperature and humidity belongs to the clear to to a 1000000 no bank among its customers are parmesan producers and for them the bank accepts their cheese as collateral for loans Roberto Flynn Yani is managing director at the lander. Very vulgar order therefore the total value of the cheese here was between 120. 13 euros when it was produced if it were sold now depending on the price it would probably be worth 250000000 euros. In the e. U. A cheese can only be called parmesan if its produced in a certain small area in northern italy around 13 leaders of milk go into one kilogram of parmesan. Not only is the savory gritty cheese well tended here in the bank its also highly secure thanks to barrier gates alarms infrared cameras and an earthquake Early Warning system there is in the region are often targeted by thieves after all one of these precious wheels can cost up to 400. 00 euros. After 3 years of care parmesan has reached its optimal aroma then customers can pay back their loans and pick up their cheeses if they default the banks owns the cheese itself theres always demand for parmesan. And finally hardcore fans can soon own a piece of hip hop history so they gave as holding its 1st ever hip hop auction from boom boxes to big jewelry it features around 120. 00 pieces of memorabilia from the late seventys to the ninetys along the items on the block the crowd worn by new york proper Biggie Smalls and a photo shoot just days before he was shot dead in a few. And thats it for me and the d. W. Business team for more you can always go to our web site that c. W. Dot com slash business for follow us on social media im jenelle them alone and thank you very much for watching. In a globalized world. Where everything is connected. All it takes. To set things in motion. A local hero show their ideas can change the world. 3000. And 60 minutes long t w. Is for me. Is for. Us for help the 1st great open. Is for the. Beethoven is for us. Is for every one. Beethoven 202250th anniversary here on. We can see them. Sometimes sense them. Walls. But what connects people is stronger than what separates them. No man has some Strong Living cannot be torn down. And. We celebrate the 30th anniversary of germanys reunification bang bang on to preserve on g. W. This is the w. News africa yes whats coming up on the program bringing imagination to life through 3 d. Animation we meet a young man from ghana who is changing hearts and minds 13 d. Asked for jacks of the time and not even the cone of virus from them a console his flow. To you as well as it is enjoyable that comes
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