and we'll be following the commemoration of the manchester attack here on t w throughout the day you're watching t w new still to come italy's political deadlock looks like it's over but the politicians promises have the rest of europe on edge. more on that story and other business headlines with gary hart coming right up. to accidentally shed some light. on the troubling. time in the field. can you get out. with him because it always seems. this week on d w. a news analyst need to just not see the unsub. polls a so-called chance not to discount. side by.

people who put big dreams on the big screen. t.v. and movie magazine on d w. as a new government is formed and it's really the rest of europe is worried the new populist coalition threatens to undermine the eurozone with newborns run a gong italy's mountain all debts and spend more at the same time. sugar is being blamed for all sorts of ills so replacements are booming producers in greece now forming co-operatives together profits tastes sweet.

wellcome we'll get to those stories in a moment but we start with some breaking news japan and russia have notified the world trade organization of potential retaliation for president trump's tariffs on steel and alan many of japan calculates that based on last year's trade figures it's retaliatory sanctions against the u.s. tariffs could amount to four hundred fourteen million dollars other russian television would be even more adding beauty is worth some five hundred thirty eight million dollars to u.s. imports now the country has named the u.s. products they might target. coming back to europe analysts and politicians in france and germany are some of the alarm over the new government being formed in italy they fear the new coalition made up of two populist parties will roll back on at least commitments on debts and threaten euro zone stability the two parties the nationalist leak and the anti establishment five star movement of come one step closer to power after nominating a prime minister. this depict

a close relationship between luigi demaio and me but they certainly weren't allies during the election campaign now the populist leaders of the league and the five star movement have asked italy's president to approve their new alliance. today we can say we are faced with a historic moment i also say this to our international partners let us begin then you will criticize but at least let us begin first this is perhaps an unexpected government but it has been elected. nobody has anything to fear. we want a government that puts national interests first and foremost as we proposed to during our election campaign. we will respect everybody who put italy in the center . to the league and the five star movement

spend two weeks hammering out a program it calls for the speedy deportation of half a million migrants costly campaign promises such as tax cuts early retirement and basic income are to be paid for with new debt. this contract is the heart of the government of change i see many people concerned about the international and european context they have nothing to fear the contract is the will of the italian people who want change. italy's european partners are alarmed the euro zone's third largest economy is already among the world's most indebted countries but the coalition hopes a political novice giuseppi will ease the concerns of italy's partners the law professor has been proposed as prime minister the two party leaders agreed on the unknown technocrat as a compromise for the top post now italy's president has to approve the new coalition's choice. l.-y.

has loose talk about debts and plans to free of billions of euros for tax cuts and welfare analysts worried well let's just see how deep in the red italy really is is a figure for you would tell you and it already stands at two point three trillion euros again trillion with a t let's put that into a pun european perspective makes up almost one quarter of the total that of all eurozone countries combined pretty steep when you consider that the country only makes up to fifteen percent of total eurozone eurozone economic output so we have a government making promises a calm possibly deliver on within eurozone rules i asked our financial correspondent genelle to milan a frankfurt stock exchange if investors there are having a deja vu. yes this are in fact this morning we saw italy's a ten year bond shoot up to two because on negative investor sentiment precisely

because they had greece on the mind we saw the same thing happen to greek bonds at the height of the debt crisis now bond yields have started to ease off those highs now and we're seeing stocks that italy's bores that it's hell ya know stabilize as investors sort of adjust to these new to this news but this kind of negative sentiment of course dies hard it's not like they weren't already spooked in the turbulent days of the campaign or the uncertain alkan that followed and the days of political deadlock now that nervousness of course has only carried over as it seems that a circumspect attitude towards fiscal policy doesn't seem to be in the cards but a collision with process over euro zone rules does seem to be. if we may have said it sticking to the euro but all the talk about the of ious which in effect is a is a second currency it is not really inspiring confidence is it. no it's definitely not and we've already heard from the likes of ratings agency fitch that has said that the government and weightings inclination to run up more debt could negatively

impact its credit rating we know that last year they already downgraded italy to b.b.b. that's two levels shy of junk status so further downgrade would obviously not be good news for italy now in terms of staying in the euro that's all very well and good if it so happens that we don't get a situation where italy's fiscal slippage would cause they euro to depreciate and that of course would impact on the other members of the bloc in terms of trade in terms of monetary policy so really what's at stake here again is the ability of all the players to come to the table again and stick to fiscal agreements made and that is something that is of course of paramount importance if the common currency project is going to work. you know they're in front for that thank you china plans to reduce import duties on foreign cars significantly starting july first tariffs will be lowered from twenty five percent to fifteen percent beijing's announcement comes off the promises it would ease restrictions on foreign

investment in the auto aircraft and ship building industries the u.s. and china recently said they would not impose additional punitive tariffs on each of those goods for no supplies to improve its energy security to tokyo gas plants to import about one point four million tons a year from the u.s. in a twenty year contract the company says that will help stabilize prices in japan most of the country's natural gas needs are met by suppliers in australia south east asia and the middle east this week time for carrying around seventy thousand tonnes of us shale gas arrived in japan. sure there has fall into disrepute it's been made responsible for a raft of health problems especially the hidden sugars and lemonades and dairy products so demand for low calorie substitutes is rising in greece farmers are forming cooperatives to boost the production of the sugar substitute stevia.

why dope in planes and plenty of sun here in central greece conditions are ideal for cultivating stevia growing interest in the plants used as a sugar substitute has prompted seventy local farmers to clump together and form a co-operative stevia hell us is now europe's biggest stevia plantation. to begin with we knew nothing about how to cultivate stevia but step by step we discovered how to make sure it grows well here but everyone gunroom the farmers consulted scientists who told them more about the plants properties. as consumer demand for the sweetener grows farmers are keen to learn more about growing it. a kilo of dried stevia leaves fetches between two and seven euro's depending on quality a large portion of exports go to germany and france demand for the sweetener in powdered crystal form is high too but there's only one factory that prothesis steve

yeah and it's located in front unsurprisingly the co-operative wants to open its own processing plant in greece members are hoping the e.u. will help them out with subsidies. for the next five years planting biased on the machinery and a bigger warehouse so we can collectively. process our study me. and have a better product. someone else pinning his hopes on more cooperation and quality is andre s. kyra phillips his dairy farm is a two hour drive away to qualify technicians farm is one of fifteen the tesco like co-operative. around them by my decision was. foretold from our colleagues in the input prices and of course that is the. session do not work on the side of the product so i'll pour their salt hostility towards

the water comes. with its own outlets that lies its members to pool their resources to milk it produces is cheaper than in the supermarkets and many would say that it's better as well. this guy will also employs technicians customer service representatives i'm vendors today's it's the only one of its kind in the dairy sector. its members hope more funding will enable others to set up their own co-ops to look over the shelf new covertness to the big you deserve them stuff where they are all over food from the beginning so in the year to something better something different for east faster together for cooperatives increase that principle has become a successful business model. i'm before i let you go former u.s.

president barack obama and his wife michelle are planning to go into showbiz they have signed a multi-year deal to make films for streaming full netflix for the first couple of set up a production company recent years netflix has been heavily investing in producing original content. and original it shall be thank you very much for watching i have an update for you and what one out is look at the markets right a bottle. of

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money blood supplies from a to b. . which could save time and tonight. charges sixteen g.w. . would have been fighting for the case to take you seriously in the world oh boy here's what's coming up women's talk tough. smart smart smart station a legend frank recently in dangerous times her father told me for my. freedom of expression. a value that old ways has to be defended and new. all over the world. are to a freedom freedom of art. a multimedia project about artists and their right to express their views freely. d.w.

dot com part of freedom. my munich have done it again they're the german champions for the sixth year in a rug decided already with six much days to go and the real celebration was held off until after their important champions league.