Ever grand tries to limit the damage as concerns over its debility, grow the chinese developers. Suspending trading in its chairs on thursday and now says that ceo faces criminal investigation is time running out for a company teetering on the edge. Also on our show, a dispute between india and canada over responsibility for the murder of a sick active us is now hitting trade ties and how about a face scan instead of a passport or checking finland is now giving it a try. So welcome to our show, im just even beardsley in berlin. Well ties between canada in india have deteriorated sense. Prime minister adjustments, rudo accused new delhi, of orchestrating the assassination of a 6 separatist leader and british columbia. Now the diplomatic stand off threatens to spill over into both countries, economies free trade deal. The 2 nations were negotiating is now in jeopardy, potentially in pending potentially harming indias effort to attract western investments as an alternative to china. Additionally, canadas Higher Education sector may be effected. A deli has now warrant indian citizens in canada about their safety. Last year, indians made up almost 30 percent of the total foreign students at canadian universities. And for more on this, im joined by roger biswas, asia pacific chief economist for s and p Global Market intelligence, and our correspondent charo cards of k in delhi. Welcome to both you charl. I want to begin with you. This issue between india and canada has escalated quickly in the past weeks. Hasnt hit trade so far as well. Uh, not significantly yet. What lead reports do appear to be coming in steven . Uh, for example, uh there are reports that the link itll save us from canada to india have have already slowed down. Now, um india buys a lot of lentils from canada, which is a staple source of the protein here in india. And that are both at the saves. Theyve already slowed down, although the government sources have told the media that no foreman orders to the, to this effect has been given. But theres an apprehension that the situation could wesson in, in the next few weeks, apart from that, the 3 below 50 was put on hold. The lead talks about being held between both the countries on a trade, the land, canada announced formally that the talks about of on that trade deals have been put on hold for now. Rashid, we see this whole being put on these trade talks right now. India potentially buying fewer lentils from canada as a result of whats going on. Is that so bad . We look at the overall trade relations between the 2. Can you put this into perspective for us, what the relations are between these 2 countries . Well i think of india and canada do have quite extensive trade relations in both goods and services, which amounts to about 15 1000000000. 00 per year in biological trade. So obviously, if some services exports, such as tourism or education, are temporarily impacted by these diplomatic problems, then it will at least in the short term, be damaging for both nations and for the broader exchange between both nations. And we also have to bear in mind a very significant proportion of kind of us population. Our estimates indians that may not be indian nationalist, but canadian nationals who may then also have difficulties, you know, going back for cultural reasons to india. So theres all kinds of ramifications that could come into play that affect um, the broader relations between these 2 big democracies. And we have to remember that these are 2 of the worlds top 10 economies. India is the 5th largest economy in the world and kind of kind of those and 9 slower just economy. Theyre both in the g 20. Theyre both very important partners in the commonwealth. And so i think in the long term its so important that they move Forward Together and find solutions for these issues, which are actually very focused on Law Enforcement issues. And i mean that, that doesnt affect the broader relationship between the 2 countries. From between the indian population and uh, in canada, um with their, with their link spencer retention. Yeah. To write this project. This was at s and p Global Market intelligence and our corresponded in delhi charl carts. Ok. Thank you. Both. Delta everett ran the massively indebted Property Developer thats been skirting the edge of collapse in china on thursday is suspended all trading and its shares in hong kong following news. The police were holding its chairman and founder, we call you on the company now says we face is criminal investigation. Traits, operations, brush doubts about the future of the company, which has been racing to restructure. Its more than 300000000000. 00 in debt. Theres been casting a shadow over the entire chinese economy earlier this week ever grants that it will no longer be able to issue new debt we dont call to get because he is an economist at the university of saint gala. He joins me for more detail. Welcome to the show i ever dreamt is the face of china is Property Market crisis, which is of course, helping hold this economy down. What exactly are we seeing take place right now . For the moment we see the trade their own up tend to restart the trading it shares again, because because they are, they stopped actually find for bankruptcy in the united states. And you may do this, this clearly. The single, as you said, of the cost is because it is uh, it is uh, probably the worst. Uh there was, uh, one was developer. This is um, this is a company that has been trying to restructure this debt, frantically over months. Now, what were seeing happened in the last few weeks, does this suggest that this restructuring effort is going to essentially be a failed one . And that there might have to be more serious steps . Liquidation my impression is that yes that this is going to be, this is going to be on solvable for every grant. However, my and my personally so, so that, that be cheaper, you know, way by over, you know, i see we could say every brand a sending a line, a high red line and very good our go back to, to, to their policy of, of a more like seeing the housing market, so there are other developers that would survive. And so only the worst will actually, this is what virginia hoping. 300000000000. 00 and liabilities, but thats whatever grant has thats as much as finlands, annual economic output, can chinas economy, really stomach an evergreen collapse while it will be proud for sure. In the stock. However, at the same time, uh the no, that would be no credit crash because uh, the, the attorneys banks are very strong and they are strong and supported by the central bank and by the government. So by a my, a, my impression would be, is that the people that were unfortunately, you know, uh, based on this uh, developer will that would have suffered by the whole economy and we will get to go describes it briefly. Do you know, does badging have a coherent strategy for dealing with these tutoring, property giants . They have a strategy that they, its right to support the public, the market by facilitating good annual buyers. For example, the 1st time buyers dont payments that have been slashed to 20 percent though, so theyre using Interest Rates are lowering the negotiations of Interest Rate in the mortgages. So they have types of supported, obviously, in order to minimize the damage of a, in my opinion, they should also try to relieve some of the, some of the people, some of the families or are at risk of getting their money back from amazon. Thats due to quotes the at the university of saint gala, and thank you very much. I and now to some of the other Global Business stories making headlines. Mitsubishi is planning to pull out of car production in china. Thats according to japanese newspaper, new k mitsubishi had already halted output in china in march to, to following sales. The rapid growth of chinese automakers like b y, d and s a. I see motor are putting increased pressure on ford brands trying to compete there. The German Economy is performing worse than expected, a group of leading Economic Experts in germany as now forecast g d p to fall by just over half percent this year. The economy saying that slower recoveries in industry and private consumption arts of blake ryan air has cut flights and its winter schedule due to aircraft delivery delays. The company now expects to receive 14 new planes between september and december instead of the originally planned 27. Thats due to a slow down in production at boeing sites in kansas and seattle or well, if youve ever traveled by air, you probably know what a pain passport lines can be. Then how much fun for airports or customs agents as well. And thats why finland is trying a new system, a face scan instead of a passport check. But what the passengers think. Take a look when air travelers want to skip passport lines and scan their faces instead. Finland does testing that trade off right now in a European UnionPilot Project using digital travel credentials for dtc. That began in late august testing a system that in the future aims to do away with physical documents and require only your face and your phone for check in to dc. It hasnt been used anywhere else. So this is the 1st time in the world. The 1st phase of testing is open to finish. Citizens traveling to or from london, manchester or edinburgh. Outside the European Unions passport free travel zone. Passengers must sign up for the program ahead of time and get verified. Then register for a flight up to 36 hours in advance departure, an arrival to hand to think it on supplementing the this information at the airport. Theyre separate checking calendars for the facial scan for now. Travelers still need to scan their passports, but theres no interaction with authorities. Manual identity checks at airports, take an average 30 seconds per person. Me go by some and says, 30 days, a check must be out. Testing is less than 10 seconds, so its 32. 00 and a half times pasta. So if youre going to have a 10000. 00 pass interest and you have a really save a time there at the moment, just a few days into the Pilot Project, interest among passengers has been pretty low. Theyre not even getting one person per flight signing up to use the dtc, but make a vice and as thats ok, even if they get only a couple 100 over the course of the testing period, he says that will be enough to show whether the system is viable and worthwhile travellers were uniformly positive about it. Technology is going to change the societies while its developing. So usually just fill along with. Yeah, i think so. Yeah. Do you think thats the future of travel now . I think so. Yeah, sure. Yeah, i feel comfortable and i feel like its way easier. Personal information will be deleted in 24 hours by some and says there hasnt been a big debate about data privacy and he doesnt really expect one. If its speeding the process on, you spend less time for the board of checks, then i would say people, im all happy about it. The you funded most of the 2300000. 00 euro cost that also covers croatia, testing the system authorities, hope the block will be equipped to allow 80 percent of air travelers to use dtc by the end of this decade. Thats our show. Find out more lines you w dot com slash business. Thanks for watching the. Theyre tiny yet vital micro chips. Without them, the Global Economy would grind to a halt. The race to produce and secure access to these minuscule components is on. But real subsidies make important superfluous in the future borders. Germanys economic survival requires a different strategy made into him in the next on the w. R. Produce workers getting squeezed revealed dominates the Global Market for orange juice, but fruit pickers on the plantation are complaining about low wages for working conditions, an illness related to pesticides. Why do they pay the price for our breakfast beverage, the in 45 minutes on the w. 12 in progress pop calls to everyone who wants to know more about this topic. The 2nd son of about this story is beyond the headlines world in progress. The w cost cost the its the greatest economic challenge of our time transitioning to green economy, well also growing economically and becoming more digital. One of the keys for managing all 3 Technological Progress and for that we need chips. How to make sure we have enough of them as one of the topics on this week. So