health as well. south africa s government is forking out the equivalent of another $4000000000.00 u.s. dollars to save the country s oldest and largest power company it s come from financial disaster funds are intended to help pay off its enormous debt burden currently valued it well over $30000000000.00 some so large that goldman sachs now describes the state own entity as the single biggest risk to the country s economy so what s gone wrong it s a show on a lot outdated infrastructure corruption and mismanagement as well as rising costs left the company unable to meet soaring demand an over reliance on coal is another problem the result has been an ever increasing number of large scale blackouts straining the economy further angering south africans the most recent of them just happened last week up in the pressure on south african president
0. one spot the olive oil is already worth less than it costs to produce friday s tariffs can only deliver further scrutiny. and finally thousands of rich residents in hong kong are opening bank accounts in singapore and other financial centers as protests sparked anxiety over the territories which are according to the financial times banks including u.b.s. ages b.c. and credit suisse have all seen a sharp increase in hong kong customers opening over seas accounts a report by goldman sachs shows as much as $4000000000.00 u.s. dollars in capital may have had to singapore because of the august that s a shell thanks for watching.
through brazil s rain forest can indigenous villages stop them and protect their lands. and we ll show you a clever new solution full cleaning up oil spills and pollution at sea. this is business asia how to office in berlin welcome to the u.s. china trade war escalated over the weekend with both sides slapping fresh tariffs on the other s exports and there is no deal in sight in case you ve lost track here s a quick update this weekend the united states imposed levies on an additional $112000000000.00 of chinese exports while beijing is countering with troves on $75000000000.00 u.s. dollars in goods smart speakers headphones and shoes are among the chinese products to be more made more expensive by the new u.s. tariffs mean while we ll hit u.s. crude oil with a 5 percent tariff it s the 1st time all has been targeted in this dispute and this
dollars fund to help battle fires raging in the amazon rain forest brazilian president jaya both sanaa who has baggage to international pressure and sent in the military to fight the fires but he was bonded angle each of the g 7 plan saying it s treated brazil like a colony. a u.s. judge has ordered drug maker johnson and johnson to pay over half a $1000000000.00 u.s. dollars to the state of oklahoma for fueling an opioid epidemic the judge said the company s marketing for the pain killers understated the risk of addiction it s the 1st of thousands of lawsuits against opioid makers and distributors to go to trial . a new york court has postponed harvey weinstein sexual assault trial until january next year that s after prosecutors filed a new indictment to allow testimony by another accuser actor on a better she or a the disgraced film producer has pleaded not guilty to charges of rape and predatory sexual assault.
deal sort of showed that a multilateral approach that has. the benefit of all sides is feasible another topic which of course affects a lot of sides not only brazil is the wildfires in the amazon in the rain forest their president back home who s hosting the g. 7 summit is convinced that this affects all of us its effects with the world climate and of course our economies and that s why the world s leading industrial nations of the g 7 should talk about them and deal with them and tackle them they have a lot to talk about i believe because another important topic at the g 7 is the u.s. china trade war and there has been a new development. yes this afternoon we got flash news reports out from china that it s planning retaliation against the united states in form of new tariffs on $5000.00 more you as products worth $75000000000.00 u.s.