Tech hub San Francisco bans facial Recognition Technology saying it wants to create a secure state not a Security State that alone is unlikely to stop the technologys commercial development where many see advantages. Also on the show the u. S. Holds off on even more tariffs this time against overseas carmakers so should volkswagen and honda breathe a sigh of relief. And american lawmakers want to know why the 737 max sailed through certification despite issues now being connected to 2 fatal crashes well give you the details. Welcome to your business im Stephen Beers in berlin thanks for joining us before we get to those stories some Breaking News 1st u. S. President donald trump declaring a National Emergency that is widely expected to pave the way for his prohibition of chinese Telecoms Giant while way from the u. S. Market the order is designed to formally protect u. S. Networks from Foreign Espionage but is widely seen as a path to excluding the Telecoms Giant from the u. S. Market
To richs tire style however once for some of the fisherman is making millions today selling fish on facebook. This is business. As welcome as a military clash between the u. S. And iran looks only to have been narrowly averted the tensions are making the air above iran unsafe some of the worlds biggest allies voiding flying over the over a section of iranian airspace after a u. S. Military drone was shot down americas federal Aviation Administration has banned all u. S. Registered passenger jets from passing through iranian controlled parts of the gulf of oman and the Strait Of Hormuz other carriers are also taking action. A Global Hawk Drone like this one has a wingspan greater than a boeing 737 after one was downed over the Strait Of Hormuz the u. S. Federal Aviation Administration began to fear an actual commercial jetliner could be next the f. A. A. Says the nearest civil aircraft was around 80 kilometers away when the strike
happened in the busy section of sky he clearly thinks th
Argentinas new Treasury Minister acts fast to stabilize the beleaguered peso selling dollar reserves in a much welcomed move but can he solve the countrys underlying problems including its massive pile of debt. Also coming up its legal bills are mounting now german heavyweight buyer is selling its Animal Health unit to free up cash. And fasten your seat belts singapore is getting ready to launch a trial itself driving buses. This is your Business Report im stephen bears in berlin thanks for joining us argentina welcome to new Treasury Minister on tuesday and on the coons it wasted no time in dealing with the countrys fragile economy Argentinas Central Bank auction 112000000000. 00 u. S. Dollars from its reserves to stop the countrys peso from falling markets welcomed the move but more remains to be done. Its looking increasingly likely that the
president ial palace in buenos aires will have a new resident in the near future although the current president Mary Snow Mccree has just appoi
a good future for them it s to me has been talk to us about that. because of the feeding kids a. large commercial farms are now sharing their feed with small scale farmers but that doesn t bring an end of the drives closer. osogd in in its chinese joint venture partners will invest more than $4000000000.00 euros next year to rev up electric car for adoption and add more s.u.v.s to its offering the world s biggest car markets is set to register its 2nd consecutive annual decline after decades of wild growth but v.w. remains bullish every 5th car sold in china comes from the volkswagen group and it expects to keep adding market share. now the 3rd thursday in november is a familiar date for all watches a french wine it s beaujolais day the day when beaujolais nouveau is released to
way it has been there s been a lot of announcements but of course we don t know if the money is really going where it should there was a $4000000000.00 hydro power project announced by both zambia and zimbabwe in the summer and that would be on the river which the 2 countries they are on both sides of the river and it s on the talk of gorges supposed to be built by general electric and china power but that s of course not going to be something we can see from you know from night and day that it changes overnight going to happen so it s a long term project there s another one also at another river in zambia a few a gorge but that s something that s been high. it was being built by a chinese constructor and we don t know why that hydropower project of worth $2000000000.00 by the way was hold does no reason why so we don t know if it s related to the drought going on or if there were just issues with the project specifications with the chinese a constructor it was old a little bit of