just weeks before the tournament kicks off in russia. averting a full blown trade war the united states and china pulled back from the brink reporting progress and try talks. is on hold also coming up. an economy in freefall nicolas maduro wins reelection and blames imperialism from abroad for his country's economic catastrophe and a world famous name in the d.i.y. sector is attracting skilled staff to its headquarters. and on the winter this is all business update economic superpowers china and the u.s. have agreed to hold off imposing new tariffs the temporary deal ends months of tension for financial markets beijing agreeing in a joint statement with washington to substantially reduce america's trade deficit

with china the crux of the dispute some analysts dealt the truce will last long but at least the two sides are talking. oranges from the u.s. could soon be a regular fixture in some chinese supermarkets the asian country has agreed to import more goods that it made in the usa for us president donald trump it's a cause of celebration china has agreed to buy massive amounts of additional farm agricultural products would be one of the best things to happen to off farmers in many years. on china barriers in tiris to come down for the first time. president trump has previously criticised china for exporting more goods to the u.s. than vice versa but now the agreement could begin to reduce america's three hundred seventy five billion trade deficit with the nation yet concrete numbers remain unclear with any substantial amount being mentioned how substantial it again there

was a reason why we didn't put a specific number and i would also say what the specifics of it is was there's a specific number again whatever we agree to these are not government to government purchases we have very specific targets industry by industry these now have to be executed china is also pleased with the deal and with it the avoidance of a difficult trade will. borrow. we believe that the chinese and us governments have reached a good agreement which i think is an outcome acceptable for both sides of course both governments should on such agreement. economists believe that the chinese government will now instruct companies to focus more on u.s. products but the agreement could be bad news figure pian fans especially germany automotive and mechanical engineering companies who rely on the chinese market. while asian markets created the news with understandable relief the opinions vary

on the streets of beijing and we should try to be the first in as many fields as possible so china can come to the us. where for want of for me you. will trade war could harm investors so there shouldn't be one china and the u.s. should work together from the same foundations you could see we're down but i think i can buy luxury goods such as cars or watches at lower prices ok. joins us now so yes is this a victory for trump some are saying china has won the trade war. well at least here on wall street there was certainly quite some relieve there an agreement could be on the table of the dull jones industrial average for the first time in two months trading a buffer twenty five thousand points but we are still short of any details if we've just heard to past week there was this number out in the media that the u.s.

is looking to cut the deficit with china by two hundred billion dollars that certainly will not be achieved even close so it really depends on the details so we have wilbur ross going to china this week and we have to wait and see of the holds that we got here at the beginning of the week will also materialize so positive reaction but still an wait and see mode and moving on as we saw earlier u.s. secretary of state mike from peo is taking a hard line against iran the europeans have dived into investing in iran other plenty of u.s. companies also regretting the decision by the trumpet ministration. overall and even if you look at business between the european union and iran and that is certainly true for u.s. corporations the business overall is minimal yes you have

a couple of companies like boeing indirectly general electric who have a deal pending with iran but it really does not matter that much for the u.s. economy what you did see is that was all those tensions with iran also was venezuela by the way as all the geopolitical tension that is going on you see oil prices moving higher here on monday by another one and a half percent an oil actually trades at the highest level in three and a half years but for u.s. companies all the iran talk in general doesn't really matter that much so that oil slick skids high and briefly are americans broadly welcoming trump's trade policies . well it really depends what angle you're looking at when it comes to iran i have the feeling that a lot of americans especially conservatives evangelicals and other groups or call voters of donald trump they actually support the u.s.

president when it comes to try and it really depends on the industry and the agricultural industry for example here in the u.s. they really do hope that the trade tensions do not escalate so mixed reactions there in wall street thank you very much. venezuela is contemplating a bleak future the economy is in freefall hyper inflation is so high citizens are literally paying into bags of banknotes and israel and continue to leave in droves not only does the country faced intensified unrest at home there's also the threat of new sanctions from abroad nicolas maduro is hailing his victory as a historic record for what the nation needs is reform. after nearly twenty years of socialist rule in venezuela the once prosperous economy is in tatters massive shortages have left huge swathes of the population struggling to survive

hyperinflation that close to thirteen thousand percent has destroyed venezuelan savings and left them unable to afford basic goods power and water have become luxuries for many in the country with the world's largest known oil reserves spiraling poverty hopelessness and anger at nicolas maduro government have led to a social implosion protests and file and crackdowns have marked his tenure but as my duro tightens the screws on dissent his government has a silver bullet for the moribund economy the cryptocurrency the petro it's meant as a workaround for the lack of foreign currency but critics call it a scam but that petro success would depend on good faith in the government backing it years of mismanagement and corruption have meant very little of that has been created leading figures wayland's to see little chance of an end to their ordeal. as an irish low cost airline ryanair op after least its full year results are

twenty seventeen spurred by an increase in passengers that profit soars to about one point four five billion euros up ten percent compared to the year before that strong performance comes despite a difficult twelve months for ryanair the cancellation of thousands of flights to rostering problems a pilot strikes apparently fails to have a big impact on the company's bottom line and a bumpy year for the entire and an industry a sole competitor. go out of business. germany's black forest is a big draw for tourists but try getting skilled workers out to this part of the country well the old company famous for inventing the wall plug fisher is located here and it's trying out new ways to attract and retain staff are promoting healthy food healthy lifestyle reporter mark reports. time for a morning workout economist sara was using fissures in has gym. for

me it's still special to have the gym and all the classes they'd be expensive in a regular gym and here we can do the math to work at the company. well sarah exercises chef. prepares lunch on the menu today salmon with asparagus the renowned chef comes in once a month to give the stuff some tips. this is the real creative positive that was fear good food also keeps the stuff healthy they arrive content and leave content. star studded cuisine for six euros the stuff lovers at half past eleven there are already lining up for the meal of the month c.e.o. klaus fisher subsidizes the meals. you must. do this to manipulate the star to make them more productive and. if you know it's

about their well being that it's to say thank you for all the positive achievements that the company has. and the name of your people is if you can. stay right gets her portion served by the chef himself. whenever she speaks about her workplace at home the reactions are the same i'm going to say this is going to get they're jealous that we have such a great kitchen here and the star chef like mr voice cooks here. fisher still generate eighty percent of its revenues with wall plugs one thousand two hundred employees work at the headquarters despite its remote location the c.e.o. says he has no problems finding good stuff going for many more people arrived at the company they feel the staff are really highly motivated word of mouth also spreads around that it's a good place to work. sarah is a good example she dries out here every day as opposed to the. got the distance

this is the same but the feel good factor is higher. and that's it for a feel good business update you can catch more on the long and also show me the. business are back with more tomorrow same time same place see of.

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