here last a ditch attempt to dodge u.s. tourists ahead of washington's imminent decision but at its paris conference the o.e.c.d. fires a warning shot saying any escalation of trade tensions would hate global growth. and in an exclusive interview with g w at the conference german economy minister pay to admire says there's been no winners in a trade war. coming up new developments in italy could stave off a fresh election global markets like doubt will speak to our new york correspondent . and prosperity returns to court. makes a robust comeback. this is your business update on how it all free in berlin it glad you could join me well it is their last chance european officials are trying to hold back the u.s. from hiking terrace and o.e.c.d. ministerial meeting in paris both sides have their lists of targeted goods already

drawn up while the organization for economic co-operation and development repeating its warning against import duties at the same time as cutting this year's growth for cost a warning in itself. under mounting pressure the e.u. met with u.s. delegates for talks on the sidelines of the o.e.c.d. summit in paris the europeans want to convince the u.s. to cancel planned tariffs on steel and aluminum due to kick in on friday u.s. commerce secretary wilbur ross remained unfazed by the european haste. can be negotiations with or without terms please god knows there are plenty of terms. and police who knows who it's not that you can talk to as we go to terms. e.u. trade commissioner cecilia mao storm rejected that approach she warned of retaliatory measures including a trade war if negotiations fail with. a future course of action would 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 whisky the ongoing trade disputes with its uncertain outcome has tainted the atmosphere and is likely to affect the german economy to the o.e.c.d. has downgraded germany's economic growth prognosis from two point four percent to two point one percent. and it is exclusive all paris correspondent lisa newest caught up with germany's economy minister paid to outline at the conference . mr what is the e.u. offering the u.s. in these negotiations we have thirty tables a concrete offer. last week and so if you haven't the heads of states and

governments we're meeting and this includes reciprocal arrangements for better access to the markets for industrial products including cars that includes a form of w t o in order to make it more efficient and to to improve the efficiency of the adelaide body it includes an offer to talk on better access for and energy gas to europe and as an important issues because we believe it would be better to cut to try to. instead of increasing them we believe that we need more free trade on a global scale and not less and therefore we have we have tabled as proposal the american president will take his decision tonight we do not know the results and according to the decision to be taken of course europe will decide on its reaction and europe is united europe is firm so i am very confident that the

message from from the european commission and from germany will be in peril if the talks do fail how badly will that the german and the european economies. first of all we should not speculate second the the european and the german economy are very robust so i do not believe in immediate effects but what we should try to avoid and this was repeated by the french president as well in his speech today is a commercial for a commercial board that would. would go on for months and for years would of course undermine trust in. european and american markets it would make. products more expensive for the consumers and therefore does is what we want to avoid it's not in the first place about short term effects as regard to long

term developments other markets available to take up the slack if exports of steel and aluminum to the u.s. go down well we have. according to the decision that will be announced by the president we have some homework to do it is prepared to first of all we have to avoid that steel who was not anymore coming tonight it states being deviated to europe this would be an undesired consequence second we have to see how we can. how we can serve the interests of our steel and aluminum industries and companies we are in talks with them and this will be carefully considered and is cited as soon as we know what exactly will happen thank you very much mr. german economy minister there in

a d w exclusive well italy is still in political limbo but financial markets once is hysterical about the situation on wednesday the markets factoring in less of a chance of new elections the losses on choose day you may well remember they were huge analysts now putting that down to an over reaction the yield on ten year government bonds edged away from those four year highs european central bank officials are reported as saying the e.c.b. sees no reason to intervene for now with no signs of into bank stress among lenders the e.c.b. receives easy to use crisis primarily as a political one. our financial correspondent so fishermans he is in new york sophie how is all of this playing out on u.s. markets. yeah well it should not come as a surprise the number to wall street is back on the green track we could see a turnaround in stock prices on wednesday and yes there was this moment of shock as

a person reaction something that we have observed many times before when there are political news that are not directly impacting american investors like the breakfast for example and then we see the markets recover other quickly you must not forget then that it's situations like these investors simply create their own buying opportunity by letting stop drop and then they go back and participate in the rally or outward trend a quickly an exit in italy from the e.u. is probably the worst case scenario but if and when this might happen is not fathering investors on wall street too much at least at the moment all right let's move on then look at some other news it seems the amazons invading the last bastion of britain move to stools. yes that is pretty exciting this development for amazon and for consumers a scary one for competitors amazon has been trying to get into the market parole

for it on different ways first with their delivery service amazon fresh and then with buying the whole foods market chain and now with the opening their own amazon gold doors consumers walk in put everything they need into their back and leave no need to check out instead they're being charged online in their amazon and that is the thanks to a secret new ai technology that is able to identify people and track them movements amazon is planning on opening at least six more stores this year alone and the exciting question is are these simply stored branding making the stock of amazon more interesting to investors or is emblem planning to actually implement. this new technology in the whole foods market phase. i thought safer szymanski own of wall street good to talk to you as ever. for chicago has managed to switch from austerity to prosperity now following the financial crisis the socialist government

returned to power raising the minimum wage boosting welfare and reversing a tax cuts on the rich the markets well at the time they screamed in panic but these days fortunately has been growing every quarter since late twenty fifty the new policies are also combined with a couple of nice little and is that the sunny country tourism and why. business is good for evo al gore sht he produces portuguese wine on his vineyards outside lisbon he has thirty employees and is looking to expand in the beginning there were four leave this for and then have to upgrade it to increase the capacity then we buy those we will double the capacity we put in the equipment just side by side because we are in the maximum capacity of production and we have more demand and with what can you produce since twenty 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 be eighty for hotels and restaurants. country's ruling leftists also put an end to most austerity measures they lowered income taxes and increased the minimum wage. especially for the. people the pensions. in the correct way. with the growth. wow economists however warned that a collapse in 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. however is benefiting from the government strategy. he says has never been as profitable as it's been over the last two years.

on freedom and the whole. world i come from the region is rich in history style and talent but so poor and if you question opportunity and freedom this makes it specially difficult for can depend the druggist's i see many of the younger promising janitors who are now making names for themselves all over the. song by the way some might follow some with continue. their experience of freedom sends is like that fenians of. you can visit but your call come back on. my name is your free food and i work at the end of a. good quality for the white house. round is shaking nobody else so much about folks who

is your favorite place. in the to the to make the point democrats took it you'll recall took it to the entire country champion of free and fearless for the last sixty five years just for mines this is a fifteen year old girl. being gang raped. his teacher is beating a board for talking back and class for the rest of the class watches purist culture is being hit by his mother breaking a class. just because you can see violence against children doesn't mean others and there are make them visible visible of us might violence against children to some.