Trafficking in french 1. 00. Welcome to business. Travel is a major source of c o 2 and other Greenhouse Gas emissions and china doesnt show any signs to cut that as the country is already the world leader in c o 2 production with just under 10000000 tons of Carbon Dioxide a year thats almost a 3rd of all global manmade c o 2 each year while World Leaders were debating Climate Change in new york china unveiled the 2nd biggest airport in the world. More than 70000000. 00 passengers a year chinese president xi jinping cut the ribbon for the 60000000000. 00 project completed in just 4 years done to be one of the largest airports in the world. Ready to serve 45000000. 00 passengers per year initially it is said to expand to. Over 70000000 it has 4 runways and 268 gates a new high speed train connection allows for fast train from there to the chinese capital. Clearly shows that for China Economic expansion seems to come before climate protection how much sense does it make if we all reduce
Are slowing down, the Manufacturing Sector in this Country Contracting a little bit. To the wall street journals Jillian Melchior who follows this very closely. Our own susan li as well. Susan, one thing surprised folks with the china data, this was not something to be expected and were seeing more and more data like that, less ominous than thought. Now stronger than thought. Reflation as well in the month of august. I love to remind people that china is no longer just a manufacturing hub. Services like here in the u. S. Account for more than 50 of the economy now. So it is not cheap factory floors. If you go to shanghai, beautiful skyscrapers, really fast train this is very positive, especially for an economy that saw the weakest growth in 2years. Neil one of the reasons why the futures was up. Hang seng was up 4 . It owed itself as well to the talk that they will meet some of the protesters demands. Well get into that in a second. Couldnt you flip it around, say Better Things look fo
Chip away at stock prices in asia as straight as a way to clarity on when the conflict will end hong kongs hang seng index slates north point 4 percent during festive trading because of concerns of a lack of progress in talks between the 2 sides markets in china also faulted on fears the dispute is pushing us towards a global recession stocks in the United States and it wednesday higher but remain lower for the month thanks to the trade war with beijing and the notorious inverted yield curve. And there is something to discuss now with our Financial Market correspondent ashutosh upon day who is standing by for us at the Frankfurt Stock Exchange could you please elaborate a bit for us on this inverted yield curve well its not thought it. Well typically governments be more money for boarding for a longer period of time to 10 years than they paid for 5 or 2 years and when you thats compensated for same flesh earn and also compensate investors for risking their money for a longer period of
Said hell suspend parliament in the run up to his october 31st breaks a deadline a move that makes a no deal breaks its an audio ever more likely. Maybe its a bluff but the consequences are already quite real Boris Johnson wants the e. U. To take a no deal breaker seriously forcing the bloc back to the negotiating table but with every lurch toward his october 31st deadline the pound has reacted its lead steadily against the dollar leading up to johnsons election as conservative party leader it fell after his meeting with german chancellor Angela Merkel failed to produce a breakthrough and then today a slide of more than one percent before recovering some losses. There have been fleeting gains here and there but at about a 1. 22 the pound is muddling around lows last seen more than 2 years ago and it could get worse analysts polled by bloomberg predicted no deal braggs it could dump the currency to a 34 year low of a 1. 10. Driving those forecasts is a sheer lack of uncertainty over wha
A petition against the suspension. Cost the worlds oldest Film Festival gets under way in fact quite a controversy over gender equality threatens to steal the spotlight well tell you what. Im sumi so misconducts good to have you with us italys president has given Prime Minister conti a mandate to form a new government country said the government would need to start right away on a budget for next year and would work to modernize italy to make it more competitive countries mandate follows a series of political twists and turns after the countrys far right to deputy Prime Minister called his party out of the governing coalition 2 former rivals the anti establishment 5 Star Movement and the center Left Democratic Party this week agreed to join forces to avoid a new election. And journalist seem a go to is standing by in rome with the latest high c m a good to see you so it looks like a green light for this new coalition but what hurdles does it still have to overcome. Yes there are quite