Word of the day for traders. Chinese stocks extended the worst fiveday drop since 1996. The marx apparently unconvinced by the peoples bank of china decision to cut markets rate the apparently unconvinced. Stoxx 60019 indices are down here lets cross to our chief asia correspondent. Enda, a very good day to you. Markets simply unconvinced is the word. Enda unconvinced is exactly right. What the Global Markets wanted out of china was a Circuit Breaker. There is a feeling this crisis began in china. Dona needed to intervene, to something. It does not look like what they have done has been enough. The central bank will need to cut rates further. That the government will need to do more to shore up the chinese economy and turn sentiment around. The positive thing is that china has monday of more ammunition in its arsenal if needed china has plenty more ammunition in its arsenal if needed. Francine what is next . I guess the question is how much will they intervene . Enda well, so this is o
Tells us stirring stories. Told it makes us laugh. And cry foul play trouble and smile fold magical images and emotions that dont cost a as you know the magazine every weekend on d w. The Paradise Papers and of the leak of global tax avoiders Britains Queen is listed. Along with one hundred twenty International Companies like americas apple facebook. The Paradise Papers show once again how the global elite avoid paying taxes taxes governments need to fund schools hospitals and roads its not illegal to move your money offshore into low tax countries but you do need highly specialized lawyers to ensure income you make in a high tax country is taxed in a place where the rates are rock bottom. This is how the system functions. A german i. T. Company for example registers its peytons through a subsidiary based in ireland where the tax rate is much lower than at home. Even though the product primarily sells in germany the income is booked in ireland. As a result only a small part of the comp
Pleasantly in a style about him a callous old agile stars of the on the weekend of sennas homegrown pray cast and crew will be hyping their tribute is a soaring success. And reminder of the top story were following for you this is the scene in buffalo now with thousands of Pro Independence protesters have taken to the streets it comes one day after spanish authorities released the re just separatist parliamentary speaker from jail and follows days of strikes aimed at putting pressure on madrid. Thats all from us this hour thank you for watching. United against climate change. Big challenges for the twenty third u. N. Climate conference in bali. How our nations working to meet their Paris Agreement targets cop twenty three this weekend next on new day doubling news. Its all about the moments that. Its all about the stories in so. Its all about George Chance to discover the world from different perspectives. Join us and be inspired by distinctive instagram or others at g. W. Stories new
Primetime years its to stage an eerie seven here in korea one from fulltime to hear from him thanks so much for joining us. We begin with the latest on president bach and his new years proposal for family re union spill response yet from countdown but experts say her offer is likely to serve as strong laments in commending soured enter korean ties and uses hand then reports falling in the footsteps of north Korean Leader Kim Simmonds Brinkley new years message president tottenham also make the silly entry just to run monday suggesting a resumption of inter korean family reunions for them separated since the korean war. Kelly and unilaterally and abruptly canceled three unions planned for september just days before the break to take plates. So could present its proposal serve as a touchstone for friendly year into a korean relations this year. Experts say yes the proposal serve as momentum to improve strained it into korean giant prison upon to urge the north korea to abandon its Nuclea
Business. Hospital have said you know detention of people on charges of corruption was we were in positions of high or thorazine and possess lots of money and to trade throughout most of the worlds continent also proves that the economic side is considered important to our leadership and walk away. Among those Arrested Printout will lead been told one of the worlds richest men. From riyadh tallest skyscraper he controls Luxury Hotel Chains broadcasters and a Real Estate Empire the sights the arrests more than Twelve Hundred private Bank Accounts were also frozen. Traders at the Riyadh Stock Exchange were initially nervous following the move with investors worried that since those arrested control such vast assets there could be a negative impact on the economy or even the oil price. But the mood soon lightened
the socalled five stages in their annual report they forecast two percent g. D. P. Growth this year and a slight increase to two point two percent next that promises a continuing