you're watching the news coming up ahead as the leaders of the g. seven and need to go back in canada we take a look at the economic and trade implications of that summit. and that'll be with us who is standing by and have more for you shortly it's a just a video gabinius if you can. look at. the. frankfurt they are called international gateway to the best connection self in the road and rail. located in the heart of europe you are connected to the own world. experience outstanding shopping and dining offers and try our services. biala

gassed at frankfurt airport cd managed by from. earth a home for saving googling to yes tell stories of creative people and innovative projects around the world ideas to protect the climate and boost green energy solutions by global oil deals the environment series of global three thousand on t.w. and online. looking. at the. could a merger between germany's two biggest banks beyond the cards reports suggest that dodge a bank wants to revive talks with come out spunked to create a more solid player in the global financial world. the g. seven summit is picking often come about i made massive trade tensions between the us and its. partners including

a spat between donald trump and french president so far only on twitter. the new lifeline for cash strapped argentina the i.m.f. agrees to a fifty billion dollars bailout arrangement. this is the business live from berlin. the g. seven summit kicks off today in quebec canada every g. seven summit is watched anxiously by stakeholders but this one comes at a time when the very concept of free trade is under threat the leaders of seven globally influential countries are taking two days out of the schedule to talk shop all the nations together are responsible for more than sixty percent of the globe's net worth no wonder the current trade tensions are high on the agenda two of the participants engaged in a fresh and rather serious public spat with the french president. says that six other countries could go it alone on free trade without the u.s.

his counterpart donald trump on the other side rebuses the comments saying it's the likes of the e.u. who are responsible for unfair trade many hope this summit will yield results that ease tensions between mainly the u.s. and its biggest trading partners. our correspondent alexandra is covering this summit for us and joins us now from canada alexandra the argument there is heating up between the president and. does it feel like a last ditch effort there to avoid an all out trade war. well you know it always depends who you talk to when you talk to the europeans to the french delegation to the german delegation to canada also and to japan and of course you have the impression that they're really trying to make a point here to convince maybe to try to convince u.s. presidents to overthink positions. saying that it's not only illegal to impose

tariffs. imports from u.s. allies but it's also insulting and unacceptable to be treated like that by the u.s. when you then talk to the you asked earlier geisha and that you have quite a different impression the president's top economic adviser larry kudlow told reporters that he thinks that the whole thing it's just like a family dispute that can't be worked on and when you listen to what president strum says and we stand you know that he is not thinking about spec'ing down on any issue trade on average. how are the bass lines drawn the moment it looks like it's the u.s. against everybody else but all the others in agreement about trade. well actually we have to say that at the moment when we talk about the mood here and can it really looks this way that the u.s. seems to be isolated and when we listen to what the leaders have to say it

seems the same way indeed and that might be a reason the reason for trump not to say the whole two days he already and now instead he's going to leave earlier than planned saying that you know we're indicating that he has very important issues to deal with like occurring at the plant summit with king junk on in singapore. the probable result of the g. seven summit is always the final communique will there be a final communique without donald trump signature that briefly if you can. it's possible it's even likely when you think what the german chancellor said for example she said that the leaders should not force a joint communiqué communique that would water down what the group has agreed in the past so it's likely that that might happen here. we find out in two days on a phenomenon our correspondent in canada thank you very much.

and as the g. seven summit gears up there emerges that china's trade surplus with the united states jumped by almost twelve percent in may for the first five months of the year china's the us was more than one hundred billion dollars that figure may reinforce washington's decision to move forward with new tariffs on tens of billions of dollars in chinese imports as early as next week beijing has warned those tariffs would void agreements made between the world's two largest economies over months of trade negotiations. china and russia stablish a joint one billion dollar investment fund to develop russian infrastructure the two countries announced the agreements during russian president vladimir putin's visit to beijing on friday the fund will be managed by sovereign vestment funds from both countries it will focus on transportation tourism and other industrial

sectors. the chairman of dodge a banker has reportedly been taking sheldon's temperature a merger with competitor come out spock according to bloomberg talks have not reached a formal stage yet the two biggest german banks was said to have broken off merger negotiations two years ago speculation has grown though about a possible marriage of the two since a private equity company stubbornness capital took both banks. talking let's bring in our financial correspondent only bonds in frankfurt only germany's number one the number two lenders merging he said a good idea. i think it would slash costs and critics of the both the dutch a bank and to come out say that one of the main reasons why they're not profitable enough is that their costs are way too high when compared to their major european or international competitors and of course if you merged the two banks that would

need to eliminate a lot of all those functions that are present in both banks it would be very very painful it would be not so good for all the locations where deutsche bank can come out sponsor strong especially here in frankfurt in the rhine mine area but it might create a way to your bank the disadvantages would be in areas where both banks or perhaps internationally in foreign business very important there would be only basically the one person offering that service in future instead of to. invest there's always like cost cutting of course what do they make of it. but the moment if you take to today's share price reaction they're not terribly enthusiastic because both shares are going down and they're going down more than the dax is going down i don't know if that's a representative reaction but of course a lot of investors are skeptical that maybe the two banks should do the homework that they have trotted out for them already before they move on to the next step

like a merger believe out in front of thank you. argentina the international monetary fund has reached an agreement for a three year fifty billion dollars standby credit arrangement the government says it sold financing to provide a safety net and avoid the frequent crises of argentina's past the i.m.f. board still has to approve the bailout loan. the deal marks a turning point for argentina for years argentina shunned the i.m.f. after the economic crisis of two thousand and one two thousand too many arjun times blamed that crisis on austerity measures which the i.m.f. had demanded and they took to the streets again in protest against president recently goshi ations with the fund tina requested i.m.f. assistance early last month after its peso currency weaken sharply in an investor exodus the chairman of the central bank and the finance minister announced the deal

on thursday it was. stand by we've agreed on standby access the amount of fifty billion dollars this is eleven times greater than argentina's quota which is reflective of the support of the international community for argentina it's very good news the integration of argentina to the world which allows us to have this level of support. but it means that. if. the agreement will hold the argentine government to its promise to reduce its deficit to two point seven percent this year the government will also send a proposal to congress to reform the central bank charter and strengthen its autonomy to cover me said the country aims to be in surplus by twenty twenty today as world oceans day and then this would have the united nations to help us better understand the big blanket that covers seventy percent of our planet but in

recent years this blanket has come under threat mostly from plastic pollution some thirteen million tons of plastic are washed into the sea every year. five gigantic marine plastic garbage islands float around the world's ocean currents. the great pacific garbage patch drifts between hawaii and california it's four times larger than germany. happily the floating quagmire could get something of a purge this summer. the ocean cleanup is the brainchild of churchmen boy and slant it's a boom which drifts more slowly than the plastic which collects along behind it to be recovered for recycling the clean up system will automatically gravitate to those places where most plastic it's that now causes the efficiency to be a lot higher because there's just more plastic in front of the system and therefore we can now clean up fifty percent of that that in just five years ago. collected

over thirty million dollars in donations to develop the ocean clean up going off it's already been tested in the north sea if it's successful in the pacific it'll be employed against the garbage carpeting other oceans as well. but that won't solve the root of the problem. which will only change when people change their habits producing and using less plastic and recycling what does get made more efficiently. on the business team here and about and i'll have an update for you in the next hour in the meantime do check up on twitter and facebook feeds all visit our website www dot com slash business for wall street just before you go in is a real time check on global markets that's watching by.

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your romex all next on d w. w's program guide. highlights the. the whole. dot com play lights. how the germans came together in one nation from shanda munyon to chancellor otoh from bismarck on. the history of the germans has been shaped by great coolers. nice well known ways to bring my loyal color to that to protect christendom and spread find truth that humans would love to see. all we took for the bad people the enemy into the looting and stealing by courageous decisions to the town halls this you tell your master that we have received the crown of our room from god and not from his her sumptuous servant to

the sky his holy sacrament meeting tomorrow we will have defeated the enemy will never see one another again but. we must for what you peace. to ensure that every week on. everyone welcome to another exciting edition of your own max i'm your host meghan lee from flights of fancy to eating your digital data we have got lots of ground to cover today here's a look at what's coming up.