Statistics showing its economy contracted in the 2nd quarter but chancellor merkel says it is too soon to worry about a recession. Also coming up a woman makes soccer history she will take charge of a major mens mountain European Competition for the 1st time tonight to see if any of the past eps of 2 or 3 to referee liverpool look at chelsea in the super cup. Im sumi so much kind of thank you for joining us flights are taking off again at Hong Kong International airport after 2 days of protests forced a shutdown airport authorities have now introduced new security measures to limit access of police have also made 5 arrests and protesters in turn have to shoot distributed. Signs and posted tweets in which they apologize for the violence saying they remain scared of authorities Chinas Hong Kong Affairs Office has condemned yesterdays violence calling it terrorist like heres a look at how things unfolded. On the 2nd day of the shutdown and the anger is palpable. Clashes everywhere. The pr
Business has come to the u. S. Has labeled china a currency manipulator cranking up trade tensions between the worlds 2 biggest economies the decision rattled investors on International Stock markets Donald Trumps decision follows the sharp weakening of chinas you one currency which breached the closely watched barrier of 7 against the dollar busy the u. S. Treasury said its labels china a currency manipulator because it has devalued its currency to quote gain an unfair competitive advantage in the worst sell off of the year the dow jones lost close to 3 percent on monday shanghai composite shares 2. 4 percent asian markets later ted those losses. Lets go straight to our Financial Markets correspondent who is in frankfurt only it seems like the trade war has and hit a new round and new arena tell us what does it mean when the u. S. Calls a country a currency manipulator. Well when you manipulate your currency youre doing that in order to get an advantage in trade and donald trump is sa
White house, that they are encouraging us businesses to help de risk from china, that they are encouraging us businesses limit investment in china, especially with industries touching on National Security concerns. Security concerns. One of the thins security concerns. One of the things china security concerns. One of the things china introduced security concerns. One of the things china introduced over| things china introduced over the weekend is Tax Incentives as well as help with visas, but will that work . I as well as help with visas, but will that work . Will that work . I dont think so, not will that work . I dont think so. Not right will that work . I dont think so, not right off will that work . I dont think so, not right off the will that work . I dont think so, not right off the bat. I will that work . I dont thinkl so, not right off the bat. The State Council recently issued guidelines to essentially make investment in china more attractive, and i think it shows us three ma
De risking strategy poses yet another threat to foreign businesses operating there. I think the biggest challenge right now is the clear message from the United States government coming right out of the white house that theyre encouraging us businesses to essentially what they call de risk from china, that theyre encouraging us businesses to limit investment in china, especially when it has to do with industries that touch on National Security concerns. One of the things that china had introduced over the weekend, theyre offering Tax Incentives as well as help with visas. But is that going to work . I dont think so. Not right off the bat. And i think the State Council recently issued some guidelines in an attempt to essentially make investments in china more attractive. And i think it shows us three major things. The first is that it demonstrates that china knows that its got a problem. Its economy is slowing. Its got a housing bubble, unemployment is particularly high and Foreign Inve
Has to do with industries that touch on National Security concerns. One of the things that china had introduced over the weekend, theyre offering Tax Incentives as well as help with visas. But is that going to work . I dont think so. Not right off the bat. And i think the State Council recently issued some guidelines in an attempt to essentially make investments in china more attractive. And i think it shows us three major things. The first is that it demonstrates that china knows that its got a problem. Its economy is slowing. Its got a housing bubble, unemployment is particularly high and Foreign Investment is beginning to slow down. The second thing is theyre saying the right things, that theyre providing Tax Incentives and theyre trying to theyre indicating that theyre going to protect intellectual Property Rights and theyre trying to make the country look more attractive for foreign investors. But i think the third thing is the most important, and thats us companies and Multinatio