29/08/2016 World Business Report

Now for the latest financial news with Tanya Beckett

A huge free trade deal between Europe and the US is at risk

after the German Economy Minister admit talks have effectively

And as the long drawn-out impeachment process

against Brazilian Presiden Dilma Rousseff nears its end,

why is the business community in Brazil so happy?

Welcome to World Business Report. I'm Tanya Beckett.

In a minute we'll tke a look at how you can make films about same-sex

relationships in a country where gay sex is illegal.

negotiations on a huge free trade deal between the European Union

and the United States have effectively failed -

that's the view of Germany's vice chancellor, Sigmar Gabriel,

who also is the German economy minister.

Gabriel accused Washington of being angry about the deal

that the EU struck with Canada, because it contains

elements the US doesn't want to see in the Transatlantic Trade

and Investment Partnership, better known as TTIP.

TRANSLATION: The problem with this agreement is that all kinds

of assumptions are spreading because the EU decided to hold

Many also confused the agreement with the Americans, called TTIP,

In my opinion the talks with the United States have defacto

failed even though nobody really admits that.

That is because they held 14 negotiation rounds,

not one agreement was made on any chapter.

He also warned the EU could go down the drain. It is true to say that

has been reservation about the prospects of a trans- Atlantic

partnership from the European side alone? It has been the driving force

of the Obama presidency. A lot of the drive has been coming from the

US side. It has been lukewarm around Europe. Brussels has been keen, the

UK not so much. After 27 chapters we have not got anywhere. The truth is

that it would be a difficult deal because it is very complex but is

there an underlying reservation because, inevitably, although

globalisation is a good thing according to many economists, it

does have some horrendous effects for some sectors? They would come up

against huge competition. France has been one of the countries most

critical of it. It puts ordinary people's jobs at risk. Interesting

what he said about Brexit. In the UK that challenge will be to strike

bilateral deals - it is a different business? Absolutely. Again, the UK

government, the Cabinet, is split down the middle whether the UK

should stay in the single market or getting out. It creates a period of

confusion. TTIP and many other agreements are very much at risk.

Not having confidence in Europe. It is a decisive week for Brazil,

as the country's politicians will finally put an end

to the impeachment saga that has gripped the country

for the past nine months. In the coming days, the Senate

will vote on whether to impeach suspended President Dilma Rousseff -

on charges that she overstated government finances, in order

to mask a growing budget deficit. Brazil's business community

is showing signs of relief that this For the past year, the glass has

been half empty for this chain of stores in Brazil. They sell premium

important beers to consumers in 70 stores across the country but since

the crisis started last year, they have been dramatic swings in the

value of the Brazilian currency. I am importing beers. It is a high or

us in Brazil stop that meant really that prices went up by more than 30%

for many products. Many people, all the imported products, were putting

30% on top because it would kill the markets immediately. Brazil's

currency and stocks have been too is effected by politics and recession.

It lost nearly half its value against the dollar last year that

the year, after the President may lose her job, it soared. Businesses

say confidence is coming back stop the head of one of us ill's biggest

retailing shops says the biggest obstacle to growth may soon be

grown. We really believed in a sharp uptake into 2017 and investments are

going to come not just in retail but infrastructure and many other

industries. Businesses say the mood has changed, consumers were willing

to use cash. But the reality has not changed yet. Brazil is still in a

deep recession with high levels of unemployment.

A new Indian mini series was released online over

the weekend, about two women who fall in love.

But in a country where gay sex is illegal and same-sex

relationships are rarely portrayed in film -

it's a subject that is hard to make into a commercial success.

This is a story that almost never got made.

The producers were not sure how Indian audiences would react

The initial response was very shocking for me,

because the moment I said two girls in love, he is scared.

Finally he agreed to produce, but they decided against it,

but he was doing it without his parents knowing.

They found out and they are not OK with that.

on a crowd funding website, and though she got the money

she has only been able to self publish short episodes on YouTube,

meaning it is unlikely to make that money back.

The first time a same-sex relationship was portrayed

in mainstream Indian cinema in 1998, there were violent protests

It did lead to public debate on homosexuality and free speech,

but 18 years later, the subject is still taboo.

Earlier this year, a film that dealt with homophobia was

after struggling to find producers and distributors.

After a positive response from viewers, a sequel is the plan.

And this website has been set up for people to publish stories

about relationships and love and says that producers

and advertisers need to realise there is a market.

It is not something that has been incorporated into mainstream media

There is a hesitation about what the market is for it.

Money comes more with a sense of what is the market,

and people with money tend to be conservative about form,

and only want to back that which is already known

Despite gay sex being illegal in India, the LGBT immunity

is trying to be vocal and visible, and changing technology is creating

new ways for them to tell their stories, but only changing

attitudes will make those stories financially viable as well.

China's Sinopec - the world's second largest oil refiner -

has been hit hard by sharply lower oil and gas prices.

Net profits for the year's first six months are at their lowest in eight

That's down nearly 22% compared to a year ago.

But the result was still better than expected by some analysts.

Workers at Hyundai's biggest manufacturing plant in South Korea

could meet as early as today, after their union overwhelmingly

rejected a wage deal with the carmaker.

Nearly 80% of its 45,000 unionised workers turned

Walkouts in July and August have already cost the company

Janet Yellen's worth about a Ray Rice are the main words effecting

the market. -- words about rate rise.

People with heart disease are less likely to die from it if they follow

a Mediterranean diet, according to new research.

The study in Italy found that those who ate vegetables,

fish and oil, could reduce the risk of an early death