a trade dispute is brewing between the e.u. on the us the european union is reportedly preparing counter tariffs on american products for more for bikes to whiskey. the hard sell trying to join your arrives in india to sell luxury apartments while preaching foreign policy sounds like a conflict of interest and cash strapped venice where launches of burchill currency the patch a stroke of genius or an act of pure desperation. time for business news i'm funny for charlie in berlin walk home or thirties in the e.u. i'm getting ready to slap high tariffs on american products like whiskey orange juice and motorcycles if don't trump carries out his friends to its important steal the punitive measures u.s.

secretary of commerce wilbur ross has suggested a likelihood of putting a twenty four percent tariff on all steel imports or introducing a quota. emotions are running hot in the steel sector it could be the next flashpoint for trade between the e.u. and the us washington is considering imposing tear ups on foreign made metals imported into the country the u.s. made it clear it won't take that kind of move lying down. we stand ready to react swiftly and appropriately in case our exporters are affected by restrictive trade measures from the united states that could hit iconic brands like harley davidson its motorcycles are reportedly on a retaliatory list the e.u. has drawn up to punish if steel quotas are introduced as well as american made bourbon whiskey those products were apparently chosen because they're made in the home states of influential legislators no one is talking about

a trade war but there's little question that the pressure is mounting the e.u. is also worried by the new u.s. decision to radically sink corporate taxes mission to avoid firms moving their headquarters from europe to the u.s. and we'd like to avoid any slowdown of investment those are things we'll discuss that's important because what it comes down to is keeping jobs in europe. that's what. germany's acting finance minister said he hopes for support from people in the u.s. they continue to want a good relationship with brussels. for a time to cross over to sufficient correspondent on wall street tell a selfie what are the reactions to the wrath rake century are on this possible trade war what are you hearing. what wall street does not like carrots or really any kind of trade barriers funny and the reason for this is investors here not only retaliate in a quid pro quo like situation the e.u.

china canada mexico you name it what impose perez on american important to simply have some leverage that invests it all from. we're terrorists because there are some studies and also events in history that show the damaging effect terrorists can have on the domestic economy and economists i talked to are warning of these the measures of protectionism saying they heard americans more than anyone else because when companies would have to pay more for imported materials this caps into their profits and they might see themselves even forced to that workers go and work as again would have less money to spend so this looks like a vicious circle here talking about the circle it looks like a roller coaster actually when you look at the markets for this month of february a plummet followed by a winning streak for six studies to know some sort of a stock nation what is going on behind you. that's

a good question funny the six day winning streak is over for now after being able to cap the losses of the bake sale of earlier that month and a half the dow fell three hundred thirty points in the trading session the biggest loser and the dow was wal-mart and the companies sell most eleven percent and that was the word safe for wal-mart since nine hundred eighty eight and wal-mart is a heavy white in the dow and for a company the size of wal-mart to jobs as the match as a day it shows how tough it is for traditional retailers to fend off amazon and at the same time volatility is making the markets bond yields are continuing to climb so there's a lot of things going on that just make investors who is a few years ago she wants to thank you so much for your analysis from new york. the trump family's taking its famous name on a marketing blitz to india donald trump jr has arrived in delhi to flog luxury apartments and glad the wealthy indians who have already bought into

a trump developments just outside the capital a potential buyers are being lured in by a dinner in the u.s. president eldest son if they sign a sales contract by thursday donald trump jr is meeting with indian real estate developers didn't escape the media's attention he's come here to find buyers for development outside the capital delhi welcomed and surprisingly with open arms by his local business partners it's a great discussion doing it himself he wants to understand what is the minds of the buyers what is the success of the will so far in terms of he is very new was when is the construction starting with a lot of intense discussion which is happening with himself the complex features one hundred eighty luxury apartments in true trump style with a golf course and shops attached. but that's just one of several projects in india bearing the trump name other developments are currently under construction in kolkata and mumbai the latest projects come despite accusations that trumps

president he could present a conflict of interest with critics accusing him of not sufficiently distancing himself from his family's business interests. so is this trip only about business or correspondent in delhi where ports. well donald trump jr is here he says not on a political trip he's here strictly for business reasons he's here representing the trump organization which he and his brother are now at the helm of since his father became president last year or young last year and yes he's here doing that he's meeting business leaders while he's here he's going on a whirlwind trip around various cities across the country but he is also making a speech on friday which is further complicating the picture of whether there's conflict of interest here is giving a speech on friday at an event a business summit that prime minister narendra modi will also be attending and

he'll be giving a speech today discussing the future of indo-pacific ties so he's here for business but but there's the speech as well and you know now it's your crook off a shell or the victim of a smear campaign and last thanks to had a flop yes central bank rejects all accusations of having received bribes from a bank so that it could stay in business. a day after he was released on bail the governor of central bank mars dismissed all corruption allegations are special i became a target of an obvious and well coordinated campaign of some large and commercial banks aiming to discredit the lobby and state could be false could. claims he became a target because of his effort to clean up corruption in the country's banking sector. despite his assertion of innocence or savage was suspended from office shortly after his statement. the central bank governor of legibly demanded one

hundred thousand euros a month in bribes from the owner of the large fin bank norvig bank gulf. oil and gas having a way b.p. released its annual and a closely watched benchmark report forecasting developments in the sector and this just addition is indicating an upcoming slowdown to what was once trusted at an all stoppable demand for thirst for liquid fuels. automotive companies all over the world are betting on the mass adoption of electric vehicles in the next decades and they are not the only ones on and gas giant b.p. is anticipating the same it predicts a hundredfold growth in electric vehicles by twenty forty and a corresponding hit to the world's oil and gas sector b.p. forecasts continuing growth in global demand for oil and other liquid fuel in the next two years but that demand is set to stop increasing after it hits one hundred ten million barrels a day in twenty thirty five that's the first time b.p.

has forecast a peak in the world's appetite for oil it's not just about electric cars increased fuel efficiency in internal combustion engine vehicles is said to offset consumption too but beyond the automotive sector other factors are said to cause demand just like tighter regulations restricting the use of plastic as well as an expected increase in the show. there over a new robles in the global energy makes to fourteen percent by twenty forty. and this way last economic crisis is sparked an unusual government strategy it's launching a cryptic currency called the patch row the oil backed currency goes live today and there are doubts to a brook and there is opposition on legal grounds. if you can dispute just how badly venezuela needs a plan hyperinflation shortages and soaring debt have brought the country to its knees and its citizens to the streets. when venezuelan president nicolas maduro

announced plans to launch a new crypto currency some viewed it as an imaginative way out of the crisis and as a workaround for western sanctions that effectively keep venezuela from raising cash from bonds but if this is going to allow for advancements in international financing for the economic and social development of the country the new crypto currency will be backed by reserves of israel and while king old oil gas and diamonds get from the father and his way of analysis the creation of its crypto currency how big a fan i'm going to feel the effect could have on. the idea is to link venezuela's oil reserves to the value of a petro with one hundred million petro tokens worth around six billion dollars being issued initially but not everyone is convinced venezuela's opposition controlled parliament considers the petrol a ruse to borrow money using the oil as collateral circumventing laws that demand

legislative approval from go. and many observers are skeptical that the solution to be managed by authorities like the central bank whose policies helped create venezuela's woes in the first place. and that's your business i thank thank you so much for watching.

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multimedia environment series on d.w. . hijacking the new. more i go wrong the news is being hijacked journalism itself has become a scripted reality show it's not just good versus evil us versus them black and white. in countries like russia china church people are told it's that simple and if you're a journalist figure and you try to get beyond it you are facing scare tactics intimidation. and i wonder is that where work headed is well. my responsibility as a journalist is to give me all the smoke and mirrors it's not just about the prayer for balance or being neutral is. being. funny this point golf and i were getting.