you're watching the news still to come. to us straight demands in exchange for a poem that exemption to high esteem import tariffs is a trade war cocaine trade ministers are meeting in paris to decide. and monica jones is standing by to bring you that story shortly. they make a commitment. they find. in stronger. africa among. stories of both people making a difference in shaping their nation leg and their continent africa on the

move stories about motivational change makers taking their destinies into their own hands w.'s new multimedia series. d w dot com africa on the move. it's a last ditch efforts to salvage trade relations between the e.u. and the us with punitive tariffs on steel exports to the united states only days away america's allies scramble on the sidelines of the o.e.c.d. meeting in paris to hammer out a permanent exception also coming up greece is back in growth mode about hard hitting austerity measures mean many professionals are still working temporary jobs if at all. but prosperity has returned to once troubled portugal where the wine

business has made a sweet comeback. and with this we're very welcome to d.w. business now despite of the current a trade conflict dogging the world's largest economies the organization for economic cooperation and development the o.e.c.d. remains optimistic about the future in its economic outlook published today it predicts global growth to reach almost four percent next year but risks remain primarily where trade is concerned delegates from the united states and the e.u. are using the meeting in paris to agree a reversal of the steel and tariffs but there's not much time left. the clock is ticking it's just a matter of days now before the u.s. start slapping tariffs on european steel and aluminum imports. that's unless an agreement can be found before friday. with pressure mounting e.u. and u.s.

delegates met for talks on the sidelines of the o.e.c.d. summit in paris. e.u. trade commissioner o.c.d. amount stroom said retaliatory measures including a trade war would be on the cards if negotiations fail. our future course of action will depend on the nature and the severity of measures imposed on our exports by the united states and the injury it does to our industry. and that could mean tariffs on many u.s. products including cranberries peanut butter orange juice motorcycles and whiskey. all right for the latest from that summit in paris let's cross over to our correspondent there lisa louise good to have you with us lisa so high level talks are going on there on the sidelines of the o.e.c.d. meeting how are those talks coming along have you heard anything yet well monica we hearing very little of the content of these talks we know that the

u.s. secretary of commerce well barrasso is here he was taking part in a panel this morning we also presume that the german economics minister is here and that the talks are ongoing between these people and obviously most room to see a month month stream from the e.u. but very little is coming out about the content of these talks and that's that just shows to what extent this issue is actually a delicate issue for everybody right but why have those trade ministers chosen at the annual only cd meeting for their talks. i think it is coincidence the annular you see the meeting was obviously planned beforehand but this coincidence is highly balik just remember that the o.e.c.d. was founded in one nine hundred forty eight to implement the years marshall plan the financial plan to help reconstruct europe after the second world war but once that was done its focus shifted to fostering economic growth and global trade so

the fact that now the u.s. is threatening to impose tariffs on steel and aluminum is putting a question mark over the very result on that of this organization. mentioning it has gone there to the french president is expected to speak later this afternoon and what will be his message. well the money michael will address these concerns issued by the u.s. president donald trump who's actually saying that he doesn't really believe in the world trade organization in my mark already saying you know i understand that this organization are all of a way to organize global trade is not perfect but we should reform it instead of just destructing everything we should use the basis we have to reconstruct something that makes more sense obviously it remains to be seen if he will be able to convince donald trump and just briefly how much time have those delegates left in order to resolve the issue when does the deadline actually end.

the deadline ends at six o'clock am central european time so everybody is putting every effort they have into finding a solution before that moment all right lisa lou is there reporting for us from paris thank you so much. and the u.s. also wants to go ahead with a plan to import tariff against china and that is a reversal of the softening position the administration has recently taken during trade negotiations with the asian powerhouse the move would impose a twenty five percent tariff on fifty billion dollars worth of chinese goods within the next month chinese trade officials said they were not surprised by the reversal which followed criticism in the united states that china was getting the better deal the u.s. or originally announced the tariffs as a retaliation for chinese infringement of american intellectual property. agrees as

third and final bailouts comes to an end in august but as part of the multi-billion euro package creditors are demanding new austerity measures including wage cuts and higher taxes greek workers though have had enough unions have called for twenty four hours strikes train plane and ferry service is announced widespread cancellations today since the debt crisis started in two thousand and ten wages in greece have been slashed by more than a quarter the greek economy is growing again but many greeks feel that they are the ones paying the price for the recovery. apparently as kook lease starts his shift in a restaurant on the island of lesbos. he's working as a barista even though he's a trained educator. politico's which is where the state isn't taking any more applications for teaching jobs one of the oh that's why i have to work here like i still need to make a living i'm not embarrassed to do this but i prefer to work in my chosen profession for the still. low wage jobs in restaurants or call centers are about

the only jobs available in greece even though unemployment has technically fallen by eight percent business journalist victoria's notaries however is skeptical about these jobless figures most of them good enough to make up for the first of all wages are much lower than before the crisis and its. these are which secondly these are alternate forms of employment either part time or on call and thus paid as such it to fill these jobs are recorded statistically as proper work almost all of those but the government considers this a success story and athens points to the fact that the economy is growing. because snuffly o.t.s. also believes things are finally improving his glazier business struggled through the economic crisis the last few years were so bad his orders dropped by half he was only able to keep his twenty three skilled employees by reducing their hours

but he needs more investment capital at peace to grow his business. he may not be. the problem is that we can't direct profits into investment for the company because we have to pay operating costs taxes and social security contributions but only the school noticed greece has raised tax rates to generate more money for its coffers but that's put many out of business and choked investment. because non-play o.t.s. is hoping to grow again with the help of foreign investors. he's waiting for permits from the government so he can be an example of a real success story coming out of greece. and greece isn't the only e.u. country that survived the last crisis in the euro zone portugal was on the verge of bankruptcy in two thousand and eleven but today the government is paying back its

debt faster than anticipated unlike greece austerity is a thing of the past in portugal and that's things to a thriving economy. business is good for evil al gore sht he produces portuguese wine on his vineyard outside lisbon he has thirty employees and is looking to expand in the beginning there. and then have to upgrade it to increase the capacity then we. we will double the capacity we. just. because we are in the maximum capacity of production and we have more demand and with what can you produce since two thousand and fifteen portugal's g.d.p. has been growing again last year by two point seven percent tourism has been the main driver more than twenty million people spent their holidays in the country in two thousand and seventeen the government has bolstered the sector by reducing b a t for hotels and restaurants. the country's ruling leftists also put an end to most

austerity measures they lowered income taxes and increased the minimum wage. we have done some increases especially for the most. people for the pensions but we have done this in the correct way by painting the gross of the spending we did of the g.d.p. economists however warned that a collapse and tourism could spell trouble for the portuguese economy they point to the fact that the national debt is still around one hundred thirty percent of economic output. evil al gore's however is benefiting from the government strategy the winery he says has never been as profitable as it's been over the last two years. we have just enough time for this story people in papua new guinea may soon find themselves on the able to post on facebook the government wants to shut down access to the social media network for

a month and that time it plans to find and remove false accounts particularly those featuring pornography or defamatory information so far there's no time frame for the shutdown the government says it's also considering permanently replacing facebook with a locally developed alternative critics accuse it of stepping up a censorship the pacific nation is due to host the apec summit later this year. and that's your business update here this hour in the next online or in twitter anywhere i see you see it happening.

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