is it deal or no deal the u.s. claims to have convinced china to reduce its trade deficit by a massive amount and also fought say the chinese also coming up as visitor numbers keep growing top tourist destinations like venice and amsterdam and desperate to ease this trade. and say you're excited about the royal wedding well the brits are and they're shelling out all kinds of wedding related see that is. this is your business update i'm going to home free in berlin thanks for joining me america says it's come to an agreement to reduce china's huge trade surplus with the u.s. by two hundred billion dollars annually now the new surprise the world and china by all accounts the country's foreign ministry now saying it agreed to no such thing

say the room is all not true that is what the ministry spokesman knew karen had to say dialogue with u.s. negotiators is currently ongoing what is for sure china has agreed to drop an anti dumping probe into u.s. imports of the sorghum used often in food and animal feet. well as bring in our financial correspondent u.n. school to in new york now yemen's trump says tomato china seems safe something else how likely is that they really came to an agreement regarding this trade surplus. well after the trade talks between the chinese delegation and the u.s. representatives on friday there are sources from the white house saying or some governmental officials that actually this two hundred billion dollar number is still on the table and i would say it is in general rather unlikely the biggest export item from the u.s.

to china last year were aircraft in the value of sixteen billion dollars so from sixty m. to two hundred billion dollars that is quite a get personal china for example would have to buy. in for about six hundred big airplanes to come up with anything close to that number so at this point it does seem rather unlikely. thank you very much indeed what is the german chancellor's gain when it comes to russia or on one hand i'm going to medical has to maintain sanctions against russia for an exciting ukraine while at the same time assisting the country to build this new highly profitable gas pipeline well the united states is trying to punish companies and countries working on the pipeline but it appears it could be too late. these pipes are supposed to double the amount of natural gas that russia consent to germany a project that both countries are pushing to complete but it could hurt others

ukraine relies heavily on transit fees for russian gas that passes through its territory. but the new pipeline not stream two just like its predecessor bypasses the eastern european country that could cost the country losses of one point seven billion euros. i'm going to merkel has now promised that gas will continue to flow through ukraine on for about five on funders i think that's what the german viewpoint is that ukraine will have to keep its role as a transit nation after nord stream two has been completed that's a matter of strategic importance the french i think a shot the daughter of putin agreed to this despite political tensions with ukraine but he also tied his concession to a condition that you of us going to take. i would like to say that after the launch of north stream to the transit of russian gas to ukraine it's not going to be suspended but i would like to emphasize that the deliveries will continue if they

prove to be economically justified which is going to. put in didn't say what would happen if sending gas through a crane should not provide a bull any more especially once not stream to is built so despite the progress made at sochi the pipelines problems may not be over yet. the diesel emissions a scandal continues this time it's luxury brand porsche that last eight at the small german transport ministry is one of the carmaker to recall around sixty thousand calls around the world order to discover a legal cheat devices in the diesel powered s.u.v. models the cayenne and mccann these make emissions seem relatively low on the test conditions yet they could be significantly higher on the road who she says it will take full responsibility to fix the affected vehicles. masters of may's somewhat of a modern day di lever except the cash that foreigners bring to drive development to

help locals but except too much and you risk overcrowding and angering citizens budget airlines and cheap accommodation make it much more easier to travel i mean top destinations are taking drastic measures to cope just take venice and with its twenty two million tourists a year that can be a crowd control problem the city has now set up gates at the entrances to the historic center to help control the flow of bungling travelers and prevent bottlenecks now arms down has also decided enough is enough new shops are banned from opening in the historic center if they mainly cater to tourists. this is the amsterdam cheese company's top product a ten month mature guta also available in a gift box with a well known dutch painters name on it couldn't call for open the fifth branch of his store last october in central amsterdam but at the same time a banner came into force that prevented the opening of new tourist shops.

i don't know if you're going to solve anything by closing a cheese store i think what you need to do and those are very serious and difficult discussions is to look at some to the demand side how are we going to manage that so many people come to these european cities how is it possible that so many flights coming in at so many bookings are mates and the decisions need to be made on that level i'm certain i am is a vibrant place with a lot to offer which is why seventeen million tourists come every year the city is now trying to stem the flow renting apartments to holidaymakers is now subject to registration and no new hotels are allowed to open the city has also stopped advertising and there's a new strategy. so what we've decided about a year ago is that we're have implemented a new zoning policy which basically says that we are reducing or we're limiting the

number of shops that cater exclusively to tourists so no more new shops that cater to tourists and that she's company is an example of that. the myriad of souvenir shops and fast food places have become a thorn in the local side many welcome the move that's been coined operation nutella for the countless nutella stores. i think it's perfect because today ruined us an explosion of new tell us toss. and that's one of the reasons why there are no normal stores where you can buy stockings or just bread that's better because it's on the shelf soulful. so i live if you're forty years forty four years or so and the first twenty years were quieten ok that's the last ten years. it's very very b.c.

in the city putting called still doesn't know what's happening with his new branch he's taking the city to court saying they passed the ban unannounced when he'd already signed a long term lease and where do you draw the line about what exactly is a tourist chopper that might be up to the judge. now it's official prince charles will make an mochel part of the way down the aisle when she ties the knot with prince harry on saturday as father cannot attend for health reasons but thousands of other people well they are already outside windsor call still hoping for a glimpse of the couple now it's not just a big day for the royal family analysts say it would provide a big boost to the british economy. the wedding isn't until saturday but many have been camping here since mid week. i'm sitting in this chair and i don't need a way to go to the toilets and this is where. church bells won't be the only bells

ringing on saturday though the cash registers will also be charming in tourism and retail businesses are the most likely to benefit from prince harry and macon markel speak day we have special commemorative car and they can fly in really popular in the school. but it will be a party where for street parties a really popular. shopping bags. are and they can tell you this is the special jumpers on the. the boost to trade is expected to be sustained over the next four months royal wedding fever is said to raise u.k. retail sales by an estimated one hundred ninety five million pounds equivalent to two hundred twenty three million euros or around point two percent. pubs have been given special permission to stay open until one am on the waiting eve and on the wedding day as well. the british beer in public says the extended trading hours

could deliver an extra ten million pounds over the bar one windsor brewery has made sure they'll cash in on the event and crafted a limited edition royal wedding beer brewing here for a is. barely a year old when. we recognise the in the tradition of british brewing we should do a commemorative be around the wedding we call that day windsor not. on it was so successful that way but. years later when those his brother getting married on particular that wedding is here in windsor it's natural that we should be if a lot of well. retail analysts predict that the trade surge will fall far short of that which followed the last royal wedding thanks to lower consumer confidence but the british and royals watches from around the world won't worry about that until

the party's over. and the posse will be continuing hey on d w be sure to tune in for i special coverage all of the big day that wraps up our business program on how to access that your company and ceasing. going to.

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