Background sounds. [background sounds] the task force will not come to order. The chair is authorized to declare recess of the committee any time that went out objection. There authorized to participate inconsistent we put the practice. Challenges and opportunities. The chair will now recognize himself performance for an opening statement. Thank you everyone for joining us today for what should be a very interesting hearing on the task force to explain the dangerous threat of Identity Theft. Ai is making it easier. How we can safeguard one of the most important things to have in our Digital Economy. That is our identities. Identity fraud is the usually important problem. In 2018 alone, almost 15 billion is estimated to have been stolen from us consumers online. If this doesnt include the more indirect future cost of having a compromise identity. Today criminals have lots of tools. They get sensitive Consumer Financial data, and there is a complicated situation that a member of Congress
Part and send us your story you know a train always to understand this new culture. Or not of a little or nothing yet you want to become sitting. In for migrants your platform for reliable information. Up. Your Group Washington china counters strong tariffs with the cheaper you want leading the white house to cry currency manipulation hours later beijing announces it will no longer buy foreign produce from the u. S. I also want to show a Canadian Company that wants to socks the o 2 out of the air and turn it into fuel. And how syrians fleeing the civil war are benefiting from an appetite for their traditional addition in the sudanese capital. This is d. W. Business im joined now on in berlin welcome to the i was wondering how china would respond to washingtons latest round of terror well they may have the round sir china has allowed the you want to significantly fall against the us dollar making chinese exports cheaper and potentially offset the effects of its trade war with the us and
And how syrians fleeing the civil war are benefiting from an appetite for their traditional dishes in the sudanese capital. This is d. W. Business im joined now on in berlin welcome to those wondering how china would respond to washingtons latest round of tariffs well they may have the round sir china has allowed the you want to significantly fall against the us dollar making chinese exports cheaper and potentially offsetting the effects of its trade war with the west and beijing has announced it is to stop purchasing u. S. Foreign products prompting fears that the trade war is set to get even nastier. Could china be weaponize ing its currency in the increasingly hostile trade war between washington and beijing the chinese who won unexpectedly crossed the psychologically important 7 print dollar mark for the 1st time since the Global Financial crisis you one slump to an 11 year low could be good for chinese exports they could remain competitive despite the terrace thats why some see it
Business of your business. In berlin welcome germany is famous for manufacturing the best for cision Machine Tools in the world Mechanical Engineering is one of the backbones of the countrys economy no other sector employs as many workers not even the car industry but trade wars bags and the darkening outlook for the World Economy have hit the sector hard the lobby group of germanys machine makers has now presented latest figures for factory orders and its not looking good the sector has already lowered predictions twice for this year. The slowdowns already left its mark year Engineering Company shipped in cologne has seen orders slump by 20 percent this year the company had to introduce a short time work in may managing director carl martin vertica hopes that will see the company through the worst the whole sector is affected. In many regions like barton vert and back Engineering Companies and especially our customers as well are having to resort to a short term working and in some ca
U. S. And beijing has announced it has to stop purchasing u. S. Farm products prompting fears that the trade war is set to get even nastier. Could china be weaponize ing its currency in the increasingly hostile trade war between washington and beijing the chinese who won unexpectedly crossed the psychologically important 7 print dollar mark for the 1st time since the Global Financial crisis he won slumped to an 11 year low could be good for chinese exports they could remain competitive despite the tariffs thats why some see it as retaliation to the additional 10 percent tariffs on 300000000000. 00 worth of chinese imports u. S. President donald trump announced last week for Chinas Central Bank blame the yuan slump on unilateralism and trade protectionism. Huge of the complicated International Situation and uncertainties we must pay great attention to handle the relationship between further reform and opening up and Risk Prevention hodges regime which we dont phone china has denied it i