and who's ready to take their place in business with danielle winter. and the news continues at the top of the hour with three states are. going to. come. out of the german string together in one nation from shove their money to chancellor also from bismarck. the history of the germans has been shaped by great rulers. nice well formed ways to bring my royal college of bats to protect christendom and spread to find truth. all we took a look at because of the enemy in talking. to god. and

steered by courageous decisions we must pull to pete beat. the odds. the germans every week on t.w. . the people at the mere threat of sanctions is sending businesses on the retreat out of iran now the e.u. wants to stem the tide saying it will make complying with u.s. sanctions on iran illegal but is this simply bluster also coming up today's the deadline for a new nafta deal can the u.s. canada and mexico clinch a last minute trade agreement. and on a winter and this is a business update. the iran sanctions are biting in america hasn't even introduced

them yet the e.u. says that it will take steps to protect european companies doing business in iran from the impact of u.s. measures meeting in the bulgarian capital sofia leaders agreed on the needs to save the final fifty nuclear deal with iran a week after the us decided to pull out promising to financially support deals in the middle eastern country and crucially introducing a blocking statute this is a matter that's essentially the e.u. making it illegal to comply with u.s. sanctions on iran it's only the second time the e.u.'s threatened to use a so-called blocking statute the first was in one thousand nine hundred six as a response to u.s. sanctions in cuba but it was never introduced now as a slew of firms from across the world announce that they're pulling out of iran is unique as a scrambling to shelter european firms from the contagion. the blocking statute is aimed at protecting small and medium sized companies operating in the country it

would also provide compensation for sanctions related losses although german politicians have said that can't be applied across the board the picture is much more complex for a bigger european corporations with close financial and corporate ties to the u.s. the prospect of severe penalties over sanctions violations as well as the loss of financing from u.s. banks and other potential consequences already has some european businesses looking to exit draw on the world's biggest container ship or a mall or maersk has said it will wind down its iran operations germany's biggest insurer its preparing to wrap up their two siemens has said there will be no new deals with iran and french oil and gas company to tal says it will pull out of a multi-billion gas project if it can't get an exception tells departure would be especially painful for iran the iranian government had hoped the scale of the project would embolden other international companies to invest there for many

companies the e.u. blocking statute poses a dilemma they could either stay in iran and risk their u.s. operations and possibly financing or they could leave iran and face penalties under the blocking regulations and donald coppa standing by in frankfurt for is done though it's vague and difficult to enforce so will this blocking start should be a relief for european companies to protect their investments or is it just an empty threat forcing them to comply against their will. well then let me tell you that there are at the moment here among investors lots of question marks what is blocking statute as a response to possible u.s. sanctions could mean it is very clear that you are one to show united message to the u.s. that they don't allow them to dictate european companies who to do business with are not their goal of course is to guarantee iran within the sixty day deadline that trade and commerce relationships won't crash but the question is if the blocking statute is really the right response some here fear that this could even

provoke u.s. president donald trump once more and that also basically means that the european union can now decide for companies if they stay in iran or not brussels also recognizes that there is a profound interference in interpersonal freedom even though the e.u. now could in theory compensate companies who then might have less trade volume with the u.s. also investors are telling me that this is an illusion to think that this would be to an extent of billions of euros all of this might help small medium sized companies and of course it's a strong message to the united states but investors here don't think that now because of this big companies like total volkswagen p.s.a. or preschool will reconsider will see how all of this really develops so it could just be a political move and an empty threat when it comes to business but what kind of support is the e.u. actually offering to sweeten that pill. well beside legal assistance and support we're also learning that the e.i.b. the european investment bank is ready to help they could give loans to companies

and not pulling out of iran this would be the first time this is happening so far the b. has never been active in iran and talking about loans and currency was also interesting that iran seems also now to look for ways to do business more in the euro currency not any more with a dollar every dollar transaction could get very difficult in the future when those sanctions are really implement and it looks like the trade landscape with iran is shifting then daniel cope in frankfurt thank you very much for that. and the u.s. has set the countdown ticking on another deal nafta the deadline for renegotiating the north american free trade agreement ends today and last minute clinching of the deal is unlikely there are still huge differences to be overcome that could mean the trade pact is kicked into the long grass of twenty nineteen stealing a quick win from donald trump. mexican car factories are the main bone of contention they manufacture cars using low cost labor and export tariff free to the

us where they're sold at high prices the same applies to other goods as well u.s. president donald trump has said nafta has cost hundreds of thousands of american jobs he's now demanding a higher minimum wage in mexico at the moment it's only eighteen hundred pesos a month that's less than one hundred dollars. but there doesn't seem to be an agreement on the horizon. canadian prime minister justin trudeau talked to donald trump on monday and demanded that he find a solution. there is very much an eminently achievable outcome that will be good for the united states good for canada good for mexico and were very close nafta countries have said today is a deadline to allow time for any deal to pass congress and go into effect on january first mexican presidential elections are also due in july leftist candidate lopez obrador is the front runner but although

a self-styled adversary of trump his pick for economy minister is reported as saying the incoming administration would accept a deal struck before the election. and back over the pond in italy to anti-establishment parties say they'll finalize a policy program for a new coalition government in the next few hours and leaked documents earlier this week said markets into a panic at the party say the final proposals will remove the threat to leave the eurozone they've now also reportedly withdrawn a proposal to ask for two hundred fifty billion euro debt write off in the european central bank they are likely to agree on a fiscal plan which will increase spending on the pool while reducing income tax. and the u. court has upheld a ban on three kinds of insecticides which could harm bees now take note they are close the on a day in fine folks and they need to cooperate yes that's right the substances which as you know what types of nics annoyed and made by some of the walls of law just pharmaceutical companies and then not happy. it's a good day to be

a bee in the european union from now on they'll be spared the threat of death from three types of chemicals known as nean nicotine oids. so you know it's are some of the most toxic insect he says that have ever been produced and put into the market . very remote into their environment so we can use them one day and in four months they're going to be there they're water soluble so we cannot control where they go unsurprisingly the companies that make the insecticides don't agree they include pharmaceutical giants buyer to keep their chemicals syngenta they cuse the european food and safety agency of using excessively high doses in the bar tree tests but the court maintained that the original ban on the three new nicotine oit's dating back to twenty thirteen should be upheld as a precautionary measure is unable to authorities to take action to protect human

health and the environment even in the case of scientific uncertainty. bees play a vital role in crop pollination but in recent years their numbers have dwindled dramatically something being blamed on the nicotine oids the losses have been so bad that the alarm has been raised over the potential impact on food supplies the matter isn't necessarily settled yet though companies have two months to decide whether to lodge an appeal if they do so it will be up to the e.u.'s highest court to decide whether the ban is to be or not to be. well they might tell them to buzz off who knows the european commission is presenting its ideas for autonomous vehicles today it's already said it will set aside four hundred fifty million euros to build a telecommunications network along europe's streets and ethics commission will determine how autonomous vehicles should react if it detects an accident is imminent public transport experts think that autonomous driving will change the flow of traffic in general though the technology is in early stages carmakers from

china the u.s. and europe are vying for dominance in the sector. facebook c.e.o. mark zuckerberg is willing to address the european parliament about the abuse of the use of data that's according to parliament president and toyota johnny facebook has admitted to abusing the danger of eighty seven million facebook users by selling it to the now defunct british data analysis firm cambridge analytical the data was handed over to the company without users permission because also stood before the u.s. senate to answer their questions about the effect. and finally sometimes small businesses have to overcome unusual hodell zone their way to success and one restauranteur in perth australia has developed a novel solution to stop his business going to the buds literally waterfront diners at a restaurant in the west australian city of perth were tired of being harassed by swooping

siegel's the owner of the restaurant has now given his customers water bottles to keep the bugs at bay seagulls gathered to scavenge left over the saw wait for patrons to throw them a bite now it seems the water pistols are not only a tool to keep diners unmolested they're also attracting. how about that now it's time for us to fly off it's the end of your business update helena humphrey will be here in the next hour with even more so until then keep it here on the w c.

the to. cut cut cut cut cut cut cut. cut three good international talk show for journalists just goes to the topic of the week by moving america's israeli embassy to jerusalem and withdrawing from the iran nuclear deal president trump it's creating facts on the ground in an already unstable middle east is europe able to counter u.s. disruptions join us on fredricka. next on d w. time for an upgrade.

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being brought into. the mythos our innovations magazine for in asia. every week and looking to the future. dot com science and research for any show. hello and welcome to quadriga this week seventy years to the day after israel was founded the us reversed decades of american foreign policy and took action to make the recognition of jerusalem as israel's capital official by formally relocating its embassy to jerusalem and sending president trump's daughter ivanka with her husband jerad cushion are to inaugurate the new premises a triumph for some israelis but a bitter.