:00:00. > :00:00.Now for the latest financial news with Tanya Beckett
:00:00. > :00:19.A huge free trade deal between Europe and the US is at risk
:00:20. > :00:21.after the German Economy Minister admit talks have effectively
:00:22. > :00:26.And as the long drawn-out impeachment process
:00:27. > :00:29.against Brazilian Presiden Dilma Rousseff nears its end,
:00:30. > :00:38.why is the business community in Brazil so happy?
:00:39. > :00:41.Welcome to World Business Report. I'm Tanya Beckett.
:00:42. > :00:45.In a minute we'll tke a look at how you can make films about same-sex
:00:46. > :00:47.relationships in a country where gay sex is illegal.
:00:48. > :00:53.negotiations on a huge free trade deal between the European Union
:00:54. > :00:55.and the United States have effectively failed -
:00:56. > :00:57.that's the view of Germany's vice chancellor, Sigmar Gabriel,
:00:58. > :01:00.who also is the German economy minister.
:01:01. > :01:03.Gabriel accused Washington of being angry about the deal
:01:04. > :01:10.that the EU struck with Canada, because it contains
:01:11. > :01:13.elements the US doesn't want to see in the Transatlantic Trade
:01:14. > :01:16.and Investment Partnership, better known as TTIP.
:01:17. > :01:19.TRANSLATION: The problem with this agreement is that all kinds
:01:20. > :01:21.of assumptions are spreading because the EU decided to hold
:01:22. > :01:28.Many also confused the agreement with the Americans, called TTIP,
:01:29. > :01:34.In my opinion the talks with the United States have defacto
:01:35. > :01:39.failed even though nobody really admits that.
:01:40. > :01:44.That is because they held 14 negotiation rounds,
:01:45. > :02:05.not one agreement was made on any chapter.
:02:06. > :02:14.He also warned the EU could go down the drain. It is true to say that
:02:15. > :02:19.has been reservation about the prospects of a trans- Atlantic
:02:20. > :02:27.partnership from the European side alone? It has been the driving force
:02:28. > :02:33.of the Obama presidency. A lot of the drive has been coming from the
:02:34. > :02:43.US side. It has been lukewarm around Europe. Brussels has been keen, the
:02:44. > :02:48.UK not so much. After 27 chapters we have not got anywhere. The truth is
:02:49. > :02:53.that it would be a difficult deal because it is very complex but is
:02:54. > :02:57.there an underlying reservation because, inevitably, although
:02:58. > :03:04.globalisation is a good thing according to many economists, it
:03:05. > :03:09.does have some horrendous effects for some sectors? They would come up
:03:10. > :03:17.against huge competition. France has been one of the countries most
:03:18. > :03:24.critical of it. It puts ordinary people's jobs at risk. Interesting
:03:25. > :03:29.what he said about Brexit. In the UK that challenge will be to strike
:03:30. > :03:38.bilateral deals - it is a different business? Absolutely. Again, the UK
:03:39. > :03:43.government, the Cabinet, is split down the middle whether the UK
:03:44. > :03:50.should stay in the single market or getting out. It creates a period of
:03:51. > :03:53.confusion. TTIP and many other agreements are very much at risk.
:03:54. > :03:55.Not having confidence in Europe. It is a decisive week for Brazil,
:03:56. > :03:58.as the country's politicians will finally put an end
:03:59. > :04:01.to the impeachment saga that has gripped the country
:04:02. > :04:03.for the past nine months. In the coming days, the Senate
:04:04. > :04:06.will vote on whether to impeach suspended President Dilma Rousseff -
:04:07. > :04:08.on charges that she overstated government finances, in order
:04:09. > :04:12.to mask a growing budget deficit. Brazil's business community
:04:13. > :04:29.is showing signs of relief that this For the past year, the glass has
:04:30. > :04:37.been half empty for this chain of stores in Brazil. They sell premium
:04:38. > :04:44.important beers to consumers in 70 stores across the country but since
:04:45. > :04:48.the crisis started last year, they have been dramatic swings in the
:04:49. > :04:54.value of the Brazilian currency. I am importing beers. It is a high or
:04:55. > :05:02.us in Brazil stop that meant really that prices went up by more than 30%
:05:03. > :05:07.for many products. Many people, all the imported products, were putting
:05:08. > :05:13.30% on top because it would kill the markets immediately. Brazil's
:05:14. > :05:16.currency and stocks have been too is effected by politics and recession.
:05:17. > :05:22.It lost nearly half its value against the dollar last year that
:05:23. > :05:28.the year, after the President may lose her job, it soared. Businesses
:05:29. > :05:38.say confidence is coming back stop the head of one of us ill's biggest
:05:39. > :05:44.retailing shops says the biggest obstacle to growth may soon be
:05:45. > :05:50.grown. We really believed in a sharp uptake into 2017 and investments are
:05:51. > :05:55.going to come not just in retail but infrastructure and many other
:05:56. > :06:03.industries. Businesses say the mood has changed, consumers were willing
:06:04. > :06:08.to use cash. But the reality has not changed yet. Brazil is still in a
:06:09. > :06:15.deep recession with high levels of unemployment.
:06:16. > :06:17.A new Indian mini series was released online over
:06:18. > :06:19.the weekend, about two women who fall in love.
:06:20. > :06:22.But in a country where gay sex is illegal and same-sex
:06:23. > :06:24.relationships are rarely portrayed in film -
:06:25. > :06:27.it's a subject that is hard to make into a commercial success.
:06:28. > :06:39.This is a story that almost never got made.
:06:40. > :06:41.The producers were not sure how Indian audiences would react
:06:42. > :06:48.The initial response was very shocking for me,
:06:49. > :06:53.because the moment I said two girls in love, he is scared.
:06:54. > :07:01.Finally he agreed to produce, but they decided against it,
:07:02. > :07:09.but he was doing it without his parents knowing.
:07:10. > :07:11.They found out and they are not OK with that.
:07:12. > :07:18.on a crowd funding website, and though she got the money
:07:19. > :07:22.she has only been able to self publish short episodes on YouTube,
:07:23. > :07:26.meaning it is unlikely to make that money back.
:07:27. > :07:28.The first time a same-sex relationship was portrayed
:07:29. > :07:31.in mainstream Indian cinema in 1998, there were violent protests
:07:32. > :07:42.It did lead to public debate on homosexuality and free speech,
:07:43. > :07:48.but 18 years later, the subject is still taboo.
:07:49. > :07:51.Earlier this year, a film that dealt with homophobia was
:07:52. > :07:57.after struggling to find producers and distributors.
:07:58. > :08:02.After a positive response from viewers, a sequel is the plan.
:08:03. > :08:07.And this website has been set up for people to publish stories
:08:08. > :08:10.about relationships and love and says that producers
:08:11. > :08:15.and advertisers need to realise there is a market.
:08:16. > :08:18.It is not something that has been incorporated into mainstream media
:08:19. > :08:25.There is a hesitation about what the market is for it.
:08:26. > :08:29.Money comes more with a sense of what is the market,
:08:30. > :08:33.and people with money tend to be conservative about form,
:08:34. > :08:35.and only want to back that which is already known
:08:36. > :08:43.Despite gay sex being illegal in India, the LGBT immunity
:08:44. > :08:46.is trying to be vocal and visible, and changing technology is creating
:08:47. > :08:48.new ways for them to tell their stories, but only changing
:08:49. > :09:00.attitudes will make those stories financially viable as well.
:09:01. > :09:03.China's Sinopec - the world's second largest oil refiner -
:09:04. > :09:07.has been hit hard by sharply lower oil and gas prices.
:09:08. > :09:13.Net profits for the year's first six months are at their lowest in eight
:09:14. > :09:17.That's down nearly 22% compared to a year ago.
:09:18. > :09:20.But the result was still better than expected by some analysts.
:09:21. > :09:24.Workers at Hyundai's biggest manufacturing plant in South Korea
:09:25. > :09:26.could meet as early as today, after their union overwhelmingly
:09:27. > :09:31.rejected a wage deal with the carmaker.
:09:32. > :09:33.Nearly 80% of its 45,000 unionised workers turned
:09:34. > :09:39.Walkouts in July and August have already cost the company
:09:40. > :10:00.Janet Yellen's worth about a Ray Rice are the main words effecting
:10:01. > :10:01.the market. -- words about rate rise.
:10:02. > :10:05.People with heart disease are less likely to die from it if they follow
:10:06. > :10:06.a Mediterranean diet, according to new research.
:10:07. > :10:09.The study in Italy found that those who ate vegetables,
:10:10. > :10:13.fish and oil, could reduce the risk of an early death