Who called the soft among the brics economies brazil russia india china and south africa are meeting in brasilia but this years summit raises questions of whether the brics may have hit a wall. Also on the show we look at nigerias socalled Sandwich Generation Young Workers trying to start families while supporting their elders leaving little for themselves. And chooses berlin for its new european gigafactory. German engineering the facility is planned for the region near the new airport but did anyone tell him that hasnt gone well. This is the. One in berlin welcome a meeting between the leaders of brazil russia india china and south africa kicked off today in brasilia the socalled brics countries are trying to strengthen economic scientific and Security Cooperation not an easy task for rather Divergent Group especially economically china is miles away from the rest of the pack its Gross Domestic Product exceeded 13 trillion dollars last year indias population is almost as high as chin
Well way is at the center of the year long u. S. China trade conflict donald trump placed the company on a blacklist in may which restricted access to u. S. Technology and to the american market. While way did not reveal what impact this band had on its bottom line. Clinton is following this story for us as we heard there while he was blacklisted until may so how telling are these figures well i think theyre quite surprising given that we were expecting them to be a lot worse and the head of huawei the founder himself warned it could hit 25. 00 make a 25000000000. 00 hole in the figures i think its yes we have weve had a few months before the before the blacklist came in and clearly they did very well but its also signs that that consumers kind of rallied around particularly in the home market rise and they and they really started buying weiwei phones talking about the domestic market is while way winning because its been managing to even market its own phones as the band phones on tha
Valid but the owner for impact is definitely manageable thats a go offline we are quits and go. Well way is at the center of the year long u. S. China trade conflict donald trump placed the company on a blacklist in may which restricted access to u. S. Technology and to the american market. While way did not reveal what impact this band had on its bottom line. Conan is following this story for us as we heard there while he was blacklisted until may so how telling are these as well i think theyre quite surprising given that we were expecting to be a lot worse and the head of huawei the founder of himself warned it could hit 25. 00 make a 25000000000. 00 hole in the figures i think its yes we have weve had a few months before the before the blacklist came in on t. V. They did very well but theres also signs that consumers kind of rallied around particularly in the home market right and they and they really started buying weiwei phones talking about the domestic market is way winning beca
China trade conflict donald trump placed the company on a blacklist in may which restricted access to u. S. Technology and to the american market. While way did not reveal what impact this band had on its bottom line. Kernan is following this story for us as we heard there while he was blacklisted until may so how telling are these as well i think theyre quite surprising given that we were expecting them to be a lot worse and the head of huawei the founder of himself warned it could hit 25. 00 make a 25000000000. 00 hole in the figures i think its yes we have weve had a few months before the before the blacklist came in on t. V. They did very well but its also signs that consumers kind of rallied around particularly in the home market rise and they and they really started buying weiwei phones talking about the domestic market is while way winning because its been managing to even market its own phones as the back and forwards on that black list and the phones that some consumers around
A lengthy clearing cycle by the fed those comments appeared to have disappointed investors action is u. S. President trump was also left disappointed he tweeted quote. What the market wanted to hear from jay powell and the Federal Reserve was that this was the beginning of a lengthy and aggressive recording cycle and quote. The u. S. Dollar strengthened against the yen and the euro on the news of the record well that could be good news for japanese and european exporters its another thing that isnt likely to cheer the u. S. President. Lets get the european take on this from a financial correspondent in frankfurt actually tell us how far is the euro folding 1st of all against the dollar. By the euro point 4 percent making it one percent in the past 2 days but its more about how much did the dollar rise and then i fear the markets were being greedy expecting more rate cuts despite the u. S. Economy solid and to be fair actually paul would hasnt ruled out further cuts if the economy worse