End be an agreement between the United States and the European Union that means we we are not seeing a Global Trade War but we are seeing a trade war with the United States and china this is bad but better than a Global Trade War. Chief economist at Comerica Park thank you for your insights. Now here in germany a sentiment among executives improved significantly in august according to the munich based Research Group its latest survey of Company Heads shows that they are somewhat more satisfied with the Current Business climate germanys Records Trade Surplus and the ongoing negotiate negotiations between washington and brussels to avert further friction trade have boosted sentiment this is the first prize following months of weakening business climate. Now for more lets bring in our financial correspondent paul brett so standing by the Frankfurt Stock Exchange Paul Sentiment among german Business Leaders is picking up what do investors make of it
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a monthly survey by the munich based research group its latest poll of company head shows that they are somewhat more satisfied with the current business climate driven is record trade surplus and the ongoing negotiations between washington and brussels to prevent further frictions in trade have boosted sentiment this is the first prize following months of declining business climbs. now for more let s bring in our financial correspondent paul bread standing by the frankfurt stock exchange paul sentiment among german business leaders is picking up what do investors make of it. yes indeed it is a positive sign and so surprisingly positive that the institute is even considering to raise its growth projection for the year in germany. the next is considered to be the most important gauge on germany s economy so that should now put worries that the economy may be slowing at rest what it does show is
end be an agreement between the united states and the european union that means we we are not seeing a global trade war but we are seeing a trade war with the united states and china this is bad but better than a global trade war. chief economist at comerica park thank you for your insights. now here in germany a sentiment among executives improved significantly in august according to the munich based research group its latest survey of company heads shows that they are somewhat more satisfied with the current business climate germany s records trade surplus and the ongoing negotiate negotiations between washington and brussels to avert further friction trade have boosted sentiment this is the first prize following months of weakening business climate. now for more let s bring in our financial correspondent paul brett so standing by the frankfurt stock exchange paul sentiment among german business leaders is picking up what do investors make of it
trump s tariffs on european steel and elam in ium the u.s. president has since threatened to impose a twenty percent duty on european cars you trade partners will be key for europe but fears about the effects of tit for tat tariffs have already had an impact for example on the german economy the munich based research group has downgraded its growth forecast for this year from two point six percent to one point eight percent . ality c.e.o. rupert studly maintained he knew nothing about the diesel scandal at a shareholders meeting last month everything happened very quickly after that prosecutors searched his home last week then on monday he was arrested in was it over there have been hints that the defendant could try to influence evidence for example the evidence of other defendants all witnesses. to touring a group of lawyers accused of knowing about the emissions cheating in europe when