Worries about germanys economic boom for the first time in years the economy is shrinking but is it just a blip or a sign of a real slowdown meanwhile germanys fourteen by when it comes to auto official intelligence potentially costing the country trillions of euros. And things are getting critical for Industrial Companies along the banks of the river rhine low water levels caused by this summers lack of rain are severely hampering shipping on germanys most important to way. They say is your Business Update im out of the home for you by lead thanks for joining me the economy here in germany strength by zero point two percent in the Third Quarter more than analysts had expected and stifled by global trade disputes and programmes in germanys car industry that it is being seen as
a wake up call that stable growth is by no means guaranteed. Exports were down and imports up in the Third Quarter thats trouble for an economy built on strong exports a major part of the problem has been a bottl
I mean lets do Business China is a big spender in eastern and Central Europe its a basement pretty much match those of the e. U. Beijings already announced a three billion dollar fund and ten billion in credit lines for the region now with the opening of it and you will todays summit between china and sixteen incident Central European nations chinese premier. Lake and sons of his country seeks to weaken e. U. Unity he promised to respect european standards and fair trade the backdrop to all this chinas massive Global Infrastructure and Advancement Program known as the belt Road Initiative. It by not look like much but this will soon be the site of a Four Hundred Twenty Million Euro Bridge Spanning the adriatic. Its fine in some part with chinese money. Projects like these are intended to build a bridge between beijing and states in eastern and southern europe. Beijing hopes
of further cement its foothold in europe for its belt and Road Initiative it would see china secure Transit Corri
And then Central Europe its a basement pretty much match those of the e. U. Beijings already announced a three billion dollar fund and ten billion in credit lines for the region now at the opening of it at you will todays summit between china and sixteen eastern and Central European nations chinese many of the sorts when lay concerns that his country seeks to weaken e. U. Unity a promise to respect european standards and fair trade the backdrop to all this chinas massive Global Infrastructure at a vestment program known as the belt Road Initiative. It might not look like much but this will soon be the site of a Four Hundred Twenty Million Euro Bridge Spanning the adriatic. Its fine in some part with chinese money. Projects like these are intended to build a bridge between beijing and states in eastern and southern europe. Asia in hopes of further cement its foothold in europe for its belt and Road Initiative it would see china secure Transit Corridor for its products from beijing to th
recognise that helping developing nations is in their self interest. the report says developing countries need more than two trillion dollars a year by 2030 to deal with the effects of global warming. it also calls for grants and low interest loans from developed countries to double from about thirty billion dollars annually today to sixty billion by 2025. it says the rest of the money about one point four trillion should originate domestically from private and public sources. current investments in emerging and developing economies other than china stands at about 500 billion dollars. kelly sims gallagher is director of the climate policy lab at tufts university s fletcher school. i asked her why some nations are failing to live up to their public promises. there is a rather long history of the industrialised countries failing to live up to commitments they themselves made. you know, most
to the year before the company s push into advertising and cloud computing played a big role in the pay off in its first quarter earnings results the seattle based company reported a net income of three and a half billion u.s. dollars that is a seven point north to nine dollars per share revenue rose by seventeen percent to roughly sixty billion dollars but the company has also come under scrutiny in recent years amazon paid zero federal income tax in the united states in twenty eight teams. and russia s drug pipeline has delivered contaminated oil to germany and poland to its source to have been pumped into the system by an unknown russian producer as a result both countries have paused imports from the pipeline moscow has promised it ll be able to provide clean oil by monday germany gets more than thirty percent of its oil from russia in the meantime it will use its reserves however the