Huawei turns to the American Court system to fend off attacks from washington and as the u. S. China trade standoff escalates beijing hints at choking off vital rare earth exports to the u. S. Also on the show their boss celebrates its 50th birthday in true middle age fashion contemplating past successes and failures. And spinning an old tradition into a new revenue stream how kenyan farmers are swapping high risk crops for silk production. Welcome to dean of the business im Stephen Beard symbolism its good to have you with us while way officials complain the us President Donald Trump is applying the full weight of the american state to kill their business a spike that the chinese Telecoms Giant is now appealing to u. S. Courts to find in the firms favor arguing the u. S. Ban has hardware is unconstitutional meanwhile the Trade Dispute between the 2
nations continues to simmer with beijing now threatening to restrict key mineral exports to the u. S. For huawei the case is clear politicians in the us i use in the students often entire nation will come after a private company they are using every it tour they have including legislative. And diplomatic china us they want to put us out of business. For months washington has been accusing qual way of spying and delivering data to leaders in beijing. Weiwei is something thats very dangerous you look at what theyve done from a Security Standpoint from a military standpoint its very dangerous from a clear rebuttal. U. S. Government has provided no evidence to assure that. Is Security Threat there is no gun no smoke only speculation speculation that has landed well away on the socalled entity list of companies u. S. Firms can trade with googles already announced that it wont provide updates of its smartphone operating system android to while away shares of some u. S. Tech Companies Including chip makers come under pressure meanwhile the us chinese trade war is escalating beijing has suggested it might limit exports of rare earths to the u. S. In danger in the tech and Defense Industries there the u. S. Defense department told congress on wednesday that it was already trying to reduce its reliance on the minerals from china the Worlds Largest producer of rare earths. And lets go now to our financial correspondent in new york jose Luis De Haro Markets today actually reacted to this threat from beijing about rare earths why is that. Well if it goes ahead and restricts exports
materials to the u. S. Several sectors such as tank and industrial ones could feel the impact sends a rare earth as are used in many markets and Electronics Found in a range of products any restriction good enough rising input costs are for Many Companies but since the new pos chinese limits of these materials is big not up in the u. S. So macho rarer the prices by most recently in 2011 for example after china reduce Export Quarters but since then companies such as are already investing in technology to recover and recycle them actually some consider all their measures such as Currency Devaluation or Technology Manufacturing restrictions will be far more effective than restrictions on rare earth exports and zooming out of looks like investors were jittery today about the Trade Dispute briefly what can you tell us. The idea that maybe there is no end in sight for 20 tensions between the
u. S. And china sinking in not only died for the last couple weeks and tensions seem to be escalating beyond the tare from heating detect industry to wall street does not like uncertainty for now the only hope for some form of resolution is a stay one month away when President Trump on prison she will meet in japan for day g 20 was the louise the heart of the force in new york thank you. And over to Latin America argentina has been all but paralyzed by 24 hour General Strike it was organized in protest of the economic policies of conservative president maurice your muckrake buses and trains running with hundreds of Flights Canceled shops and public buildings also state shuttered unions blamed Government Austerity for high levels of inflation and rising unemployment this is the 5th General Strike since president mockery came to power in 2015 you savings run for a 2nd term in october. Happy birthday to air bus the paneuropean titan
has just turned 50 but the celebrations were decide the decidedly low key along with so many successes the Aerospace Company has also seen his fair share of flops. For a Global Industrial giant this was a rather low Key Anniversary Party theyre both celebrated its 50th birthday with a Company Picnic employees got a souvenir key fob and free ice cream and there was a fly over thats all to celebrate 5 decades for the paneuropean Aircraft Builder which was created in 1909 by german and french politicians airbus is now headquartered in the netherlands with major Production Sites in france germany spain the u. K. As well as china and the u. S. The company employs some 130000 people and has built 12000 commercial jets so far
in fact its best selling its 320 is in service so much one of them is landing somewhere in the world every 2 and a half seconds. One dominant theme runs through the history of the company its competition with American Plane Builder Boeing the rivalry between the 2 aircraft makers has propelled both to major innovations but at times has also cost them dearly for airbus the a 380 a direct competitor to Boeings Dreamliner became the companys biggest corporate failure the 25000000000 Euro program was scrapped last year after airlines lost interest in the supersize jet and its anniversary year airboats seems more focused on its future than its history among the challenges the Company Faces are a changing Innovation Market Environmental Concerns new technologies and brags its. Just a few challenges theyre facing air bus when it comes to climate protection big vehicles traveling long distances like Transport Trucks or a bit of
a dilemma thats because much harder to power something so big and in an environmentally friendly way but there are some novel ideas coming from scandinavia to look. The main problem with Electric Drive Trucks is that their brain just just thought. Research is mistah kind might have an answer theyve developed the worlds 1st Test Road for braille based electric Trucks Alegria your dad. The truck gets electricity from this rail. The electricity would come from renewable sources its a Cost Effective and simple system order of. The truck can also disconnect from the rail and run on power tree in a normal Electric Truck the battery would usually quite tongues for long distances with the swedish system its small and lightweight but while scandinavia makes these huge leaps and electric my piloting diesel still has a stronghold in germany. Of all trucks registered in germany and 2017 over 99
percent with diesel not even one percent were electric. Co from back is also paving the way Electric Trucks are now used to connect the cities trash sweden wants to reduce its c o 2 emissions by 20 percent by 2035. We want to be one of the 1st Fossil Fuel free industrialized countries in the world thats why were really focusing on the transport sector its important to show that it can work we can tell the rest of the world to look all of this is possible that us know about a moment of your its one thing for sweden to convert its my 2 ways between stockholm gothenburg and mt but to roll the system out across europe there would need to be a common standard for Electric Trucks. On top of this it would be fantastic to have a standardized system across europe but the e. U. Would have a big part to play with it. While personals hasnt made any concrete targets for electric my ability sweeten wants to bomb Combustion Engines in new vehicles by
2030. And over to africa being a farmer in kenya has never been easy now due to Climate Change its even harder perhaps its no surprise then that many farmers in kenya are swapping vulnerable crops for an unexpected alternative. These Creepy Crawlies could be making the thread for your next set of sharks so has many commercial uses not least for making the famous textile of the same name and over the last few years silkworm farming has become something of a Money Spinner for kenyan farmers many are trying their hand at the practice known to seri culture as the turn away from more traditional crops like coffee and cotton those are becoming vulnerable to changing Weather Patterns in the east african country milk a senior director at the national sara Culture Research center thinks kenya can become a world leader in silk as production in traditional sort of making countries faulds
the production is there already in china it does water. Used in japan. And didnt india it is india Isnt Doing Well In The City so weve seen that kenya and you continue to see the containment a major attraction of so farming is that it can generate a regular income every few weeks since it can be harvested after just 2 weeks of raring silkworms on a diet of mulberry leaves the potential for the industry is vast something identified by Chinese Company quine don silk text group the Worlds Largest producer of so in november it announced plans to set up a vast enterprise in kenya which would cover the entire so Production Chain a massive venture that could create Tens Of Thousands of jobs in the country. And thats it from me and the Business Team you can find out more about these and other stories at our website dot com Slash Business im stephen as always thanks for
watching. Now 80 percent of americans in some point in our lives will experience hardship. Im not going to the gym well i guess sometimes i am but im still nothing which is that. Thinks the printer german culture of looking at the Stereotype Classics in your sink the future of the country im not. Taking a scrum out there. Its all about. Bob i might show join me to meet the gentleman from v. W. Post there soon. So its a way. Secretive then youll go into coins super
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