Street hands in its worst day of the year the selling was widespread all 11 sectors finishing the day deep in the red led lower by technology the cause china. That nation effective i. Weaponizing its currency sending the yuan lower, turning the the trade war into what many are considering right now a fullblown currency war. Weve got full Team Coverage of this dramatic turn of events lets things off with bob pisani live on the floor of the new york stock exchange. Hey, bob and melissa, we had a tough day here i want to give a sense of what happened last time china devalued its currency. This was about five years ago in august 2015. The last time china devalued its currency was in august 2015. That happened on three consecutive days of devaluations that was beginning on august 11th the market was very different back then. It was a different picture for the overall markets. Chinas currency was appreciating back then thats a big difference to now the stock market in china was just roaring
Panic at a food estival in california as a gunman opens fire, killing three, including a child. China condemns the Anti Government protest in hong kong as horrendous. And a lucky rescue for the man trapped in rocks on the norfolk coast. Hed saved his toddler from the incoming tide. And coming up on bbc news, egan bernal becomes the first colombian to win the tour de france, after safely riding into paris in the final stage. Last years champion, geraint thomas, was second. Good afternoon and welcome to the bbc news at one. Borisjohnson is starting his first full week as Prime Minister by ramping up preparations for a no deal brexit. A Cabinet Committee on no deal led by michael gove will meet for the first time this afternoon. Thereve been warnings today from Business Leaders at the cbi that neither the uk nor the eu are prepared for no deal, and its today published practical steps that firms can take. The uncertainty surrounding brexit prompted the french owner of vauxhall to say it co
Economy has undergone an extraordinary transformation developing from an inward looking agrarian based society to a Major Industrial powerhouse growth has been rapid for years double digits were the norm now the pace of expansion is slowing down in the last quarter g. D. P. Rose by 6. 2 percent followed by many standards but for china the worst performance since the early 1990 s. The governments been keen to offer reassurance but doesnt deny there are problems from. The money and generally speaking Economic Performance in the 1st half of the year was within a reasonable range and has sustained momentum and overall stability. However we should also be aware that the Economic Conditions are still severe both at home and abroad Global Economic growth is slowing down the external instability and uncertainty are increasing the unbalanced and in adequate development as home is still accused the economy is under a new downward pressure. Much of that downward pressure is a result of the countr
A 15 year old girl. Being gang raped. His teacher is beating a board for talking back and class for the rest of the transporters. Purist culture is being hit by his mother breaking up for us. Just because you can see violence against children doesnt mean others and there are make the invisible visible. Might violence against children. If the opium gets ready to privatized its telecoms sector out some 49 percent off the ethiope telecom are up for grabs as the government in addis ababa aims to attract Foreign Investment under rebuilt the economy. Also coming up how the worlds gold fever is forcing africa we look at the damage to the environment in the Public Health in ghana. Welcome to do business. Africa i want to get johns in berlin good to have you with us and we started with ethiopia a state owned Telecoms Company which today announced its acute a net profit of over 1000000000 euros in the year to july and that is good news also for if the opium Prime Minister made he plans to privat
Doris crane the moment arrives. Join during a taping on her journey back to freedom. In our interactive documentary. Tour on trying to tame returns home on d w dot com arena tangs. China reports its slowest Economic Growth in decades so the trade dispute with the us to blame for a Slower Growth simply chinas new normal example latest from beijing. Also on the show the e. U. Takes action against turkey for its gas drilling off the coast of cyprus will tell you what it means and how ankara has responded. And farmers in argentina could benefit from south americas new trade deal with the e. U. What about other sectors well it depends on the u. S. This is your Business Report im Stephen Beers in berlin thanks for joining us the chinese economy continues to cool new Quarterly Results showing the slowest growth in 27 years so does that mean china is on the ropes in its trade war with the u. S. Well not so fast domestic demand is up and state support appears to be kicking in but china does hav