Villagers living upstream from a new dam project. This is your Business Report im Stephen Beers its good to have you with us markets in europe and asia are down as investors response of mounting tension in the middle east a sell off comes amid the continuing fallout from the killing of irans top military commander qassam solo monny in a u. S. Drone strike on friday. Worries about potential conflict in the region have pushed oil prices even higher after fridays gains this time more than 2 percent up thats a big concern for asian markets which rely heavily on the middle east for their supply but it hasnt all been doom and gloom news that washington in beijing my son a trade deal next week since shares in china up. And lets check in now with our financial correspondent in frankfurt Chelsea Delaney and chelsea how is the outlook there in frankfurt. These tensions are certainly driving markets today that docks opened about one percent lower thats really steep and throughout the day its down
Hit the road in the u. S. And meet some hard traveled amazon workers. This is your Business Report im Stephen Beers in berlin thanks for joining us. Companies operating in iraq are tightening Safety Measures after the u. S. Killed a top iranian general drawing vals of retaliation from teheran Oil Refineries and shippers in the persian gulf have been targeted in the past for iranian sponsored actions in Global Markets are clearly fearing a repeat Oil Prices Rose on friday and stocks fell. The u. S. Air strike has sparked concerns that regional tensions could escalate further but tensions disrupting crude supplies the strait of hormuz located between a man and iran connects the persian gulf with wider is the ways some 20000000 barrels of oil pass through this choke point every day any hint of trouble in the region sends the prices climbing the persian gulf is home to 3 of the worlds top 10 oil nations when measured by oil reserves irans mainstream exports have already been squeezed by u.
Christmas time. Avocado semiconductors china is loosening tariffs on hundreds of products as it nears an initial trade pact with us well take a look at what that could mean for the domestic economy in need of a boost. Also in the show chinese pig farmers are on edge as the season high prices sure their businesses. And a Charity Raffle in paris hopes to raise big bucks by auctioning off a work from one of the great masters. This is your Business Report im Stephen Beers in berlin thanks for joining us china announced monday it will lower import tariffs on more than 850 types of products ranging from frozen pork to computer and phone components and the move follows a thaw in chinas trade dispute with the u. S. And it comes amid slowing growth in the country as well as a push to stimulate consumption compared to other years 29 has been sluggish for the chinese economy and beijing appears to be determined to change that starting january 2020 china plans to lower tariffs on more than 850. 00
Female members are for legions for peace from the middle east are demanding the larger. 0 Common Ground is empowering women living and. Making them agent of change to spread. The female peacemakers storms january 5th. New. York avocadoes semiconductors china is loosening tariffs on hundreds of products as it nears an initial trade pact with the us well take a look at what that could mean for a domestic economy badly in need of a boost. Also on the show chinese pig farmers are on edge as disease and high prices butcher their businesses. And a Charity Raffle in paris hopes to raise big bucks by offering off a work from one of the great masters. This is your Business Report im Stephen Beers in berlin thanks for joining us china announced monday it will lower import tariffs on more than 850 types of products ranging from frozen pork to computer and phone components and the move follows a thaw in chinas trade dispute with the u. S. And it comes amid slowing growth in the country and a push
A boost. Also in the show chinese pig farmers are on edge as disease and high prices butcher their businesses. And amazon is expecting a big Holiday Season but well look at what happens to the products that dont end up under the christmas tree. This is deja vu business asia im Stephen Beard simple thanks for joining us china has announced that beginning in january it will lower import tariffs on more than 850 types of products ranging from frozen pork to computer and phone components the move follows a thaw in chinas trade dispute with us it also comes amid slowing growth in the country and a push to boost consumption. Compared to other years 29000 has been sluggish for the chinese economy and beijing appears to be determined to change that starting january 2020 china plans to lower tariffs on more than 850. 00 products including fish and frozen pork beijings latest move is not linked to the ongoing trade truce with washington but more so the shortage of chinas most popular meat pork t