Tech hub San Francisco bans facial Recognition Technology saying it wants to create a secure state not a Security State that alone is unlikely to stop the technologys commercial development where many see advantages. Also on the show the u. S. Holds off on even more tariffs this time against overseas carmakers so should volkswagen and honda breathe a sigh of relief. And american lawmakers want to know why the 737 max sailed through certification despite issues now being connected to 2 fatal crashes well give you the details. Welcome to your business im Stephen Beers in berlin thanks for joining us before we get to those stories some Breaking News 1st u. S. President donald trump declaring a National Emergency that is widely expected to pave the way for his prohibition of chinese Telecoms Giant while way from the u. S. Market the order is designed to formally protect u. S. Networks from Foreign Espionage but is widely seen as a path to excluding the Telecoms Giant from the u. S. Market
Asked is around a new winning streak will the shine wear off the premier cryptocurrency. I think fizzle and lets do business another day of falls for world stocks but theyve regained some ground following positive signals from the u. S. Treasury secretary this time stephen asia saying a trade deal between china and the United States is about 90 Percent Complete Missions Begin sparked hopes of a deal at this weekends g. 20 summit in japan where trade is expected to top the agenda u. S. President doll trump will meet his chinese counterpart xi jinping in attempts to calm the trade war its been raging for almost a year now. This is the current status of the u. S. China trade conflict. Washington has slapped 25 percent tariffs on nearly half of all imports from china. The levies now affect 250000000000. 00 worth of goods. And u. S. President on the trump is threatening to extend the tariffs to the rest of chinese
imports. China has retaliated with Counter Tariffs Beijing is charging extra
I phone sales continue to slide apple reports sales of its smartphone fell 12 percent in the recent quarter but says its Services Revenue is making up for it. Also on the show chinese tech giant huawei points to strong sales in the 1st half year despite being blacklisted by washington is that the full picture of its business. And a beer Bottle Bottleneck is leaving belgian brewers high and dry well give you the details. This is your Business Report from Stephen Beers in berlin thanks for watching we start the show with a mixed bag of Apple Earnings results the i phone maker saw its profits slide 13 percent to 10000000000. 00 in the last quarter but it appears that the companys attempts to grow its Services Business are Bearing Fruit Services Revenue grew to a new record of close to 12000000000. 00 the figures feat analyst expectations. And for more on this lets check in now with our financial correspondent in new york jose luis de haro it was a nice as always to see you so whats the Ma
Advil lip a tour of i grow some of the worlds best known drugs could soon be under a new roof well tell you why u. S. Pharma giant pfizer is spinning off its biggest brands. Also on the show like it or leave it europes Top Court Rules against that ubiquitous Facebook Like button on external web pages. And europe single labor market has mostly been a boom for member countries with weak job markets but some you citizens are still off the books the romanian day laborer who moved to italy. This is your Business Report im Stephen Beers in berlin thanks for joining us us drug giant pfizer is spinning off its older branded medications into a merger with generic drug maker milan pfizer would have a Majority Stake in the new business which would both sales of 20000000000. 00 annually and own the rights to some of the most familiar brands of the pharmacy
including advil and cholesterol pill if its worth all of which have lost Patent Protection making them less profitable the spin off would allow
Think markets could revolutionize the way we think the world. Will come to. Us all prices hit a 4 month high for. The Worlds Largest crude Processing Plant in saudi arabia over the weekend it was the biggest since the go for in 1901 brant crude initially shot up 19 percent before retreating to around 67 u. S. Dollars a barrel still up 10 percent from last week u. S. Senior official blames iran for the attacks president. U. S. War was locked and loaded for a potential response also approved the real release of us all reserves these are the images that have sparked political and economic turmoil Around The World saudi arabia has Largest Oil Refinery up in flames half of the countrys oil
production slashed at least temporarily in one fell swoop appearing on a t. V. Station sympathetic to their cause who is based in yemen said they carried out the attack there supported by iran an arch rival of the United States the american president posted a belligerent tweet in response there is reason