End be an agreement between the United States and the European Union that means we we are not seeing a Global Trade War but we are seeing a trade war with the United States and china this is bad but better than a Global Trade War. Chief economist at Comerica Park thank you for your insights. Now here in germany a sentiment among executives improved significantly in august according to the munich based Research Group its latest survey of Company Heads shows that they are somewhat more satisfied with the Current Business climate germanys Records Trade Surplus and the ongoing negotiate negotiations between washington and brussels to avert further friction trade have boosted sentiment this is the first prize following months of weakening business climate. Now for more lets bring in our financial correspondent paul brett so standing by the Frankfurt Stock Exchange Paul Sentiment among german Business Leaders is picking up what do investors make of it about Air Pollution the new model will be built in china and the japanese carmaker hopes to gain a foothold ahead of foreign rivals but it might be the Domestic Companies it has to worry about. This is the First Electric sedan that nissan has designed especially for the Chinese Market and it is now set to go into production in china a market in which no car maker wants to be left behind. As one of the biggest market. From the let me Point Of View we want people. Who think we would have is how much we can move and i think theres a lot of. People who put their ball is what we have looked. Like other Global Players meeson needs to produce electric cars in china to stay competitive on the Chinese Market they are the market is dominated by local rivals which have been heavily subsidized by the Chinese Government since beijing with lots rules on electric car makers earlier this year in a bid to boost development theres more room for foreign brands and it appears to be working g. M. And folks will also be launching electric car models designed for the Chinese Market this year. Fox wagons emissions the scandal is far from over but to make sure it doesnt happen again u. S. Government appointed lawyer Larry Thompson is keeping a close eye on the german car maker and his first annual report hes called for Greater Transparency at the company before its about his lawyers dont want to share certain information with thompson who wants proof that the carmaker is complying with agreements made with u. S. Authorities the w. Admitted to the u. S. Department of justice that it that she did authorities in costumers with manipulated diesel exhaust emissions data. Construction work on a new b. M. W. Plant in Eastern Hungary is set to begin next year the german car maker hopes to bergers One Hundred Fifty Thousand vehicles in their per year the b. M. W. Follows other big automotive powerhouses like mercedes and audi who had plans in hungary for some years now concerns about the hungary and governments disdain for the European Union havent faced them. Just off the autobahn to budapest this four Hundred Hectare Field is to be home to the bavarian automakers new plant and investment worth about A Billion Euros the german Auto Parts Supplier came to debrecen more than twenty years ago attracted by lower labor costs but is that still the case is a low that no not because of the low wages its the Proven Expertise of the people here our products are highly technologically oriented and the big advantage for us is the professional pull that were able to draw on. The local man. Proud of his newest corporate settler the german bottling machine manufacturer conus the company has invested forty Million Euros here perhaps political composure a president viktor orban has come under fire for his anti european policies but that doesnt seem to bother invest in. The city of debrecen and the region have a lot of potential i dont think investors come here and look at the unemployment i think they come because we have Seventy Four Thousand students in our university. And thats what these German Companies need a well educated Skilled Workforce but hungarys Opposition Parties have criticised b. M. W. Z investment they say details of the One Billion Euro investment not transparent enough. We dont know how much it will cost for the taxpayers we dont know how many drugs discounts that we dont know anything about is the. Government and these Big Companies including the b. M. W. Makes these special discounts which are kept in secrecy. What about sheffler with its recent Fifty Million Euro Investment in a new Production Facility the industrial Bearing Company says there are no e. U. Funds for such large scale projects. Its not tax exempt we got only State Subsidies to cover fifteen percent of the total investment you also need. To make the location of debrecen more attractive the hungary in government is building a new Technical College here its intended to produce a labor force tailor made for the new industries moving to the city. The country has lots of the right hailing services and. Was raped and killed allegedly by a driver of the popular right hailing service d. D. That sparked outrage on social media forcing the suspend its Car Pooling Service it was the second time a passenger was killed this year the Ministry Said it would not. Take the lives of their customers seriously. The world of business on christmas. Thanks for watching. Thats. The worlds of sound. Creative types. Critical voices. Encounters with a new generation of indian artists on. Sixty minutes on. Earth home to millions of species a home worth saving. And those are big changes and most start with small steps global ideas tell stories of creative people and innovative projects around the world like to use the term the climate used to Green Energy Solutions and reforestation. They create interactive Content Teaching the next generation about Environmental Protection and were determined to build something here for the next