transatlantic trade tensions rogers hopper's rule twenty eight countries very you know honestly to impose retaliates return riffs on selected american goods also coming up. lower interest rate isn't going anyway but it will wrap up its controversial not to mention costly bond buying program on the end of the year. and german businesses are busy behind the world cups despite those e.u. sanctions. they say is your business update i'm having a home free in berlin glad you could join me when old twenty eight countries in the european union have now agreed they want to hit back at us tariffs on steel and on a million by slapping tariffs off the road on selected u.s. products to the tune of two point eight billion euros the measure still need to be adopted by the european commission next week and the terrace with then come into

force by late june or early july and we can bring in our financial correspondent yens quote is standing by for us at the new york stock exchange jens house the nice gone down in the u.s. . well it is going to hurt certain industries but overall we're talking about an economy the size of about what eighteen trillion dollars and now we're talking tariffs of about two point eight billion euros but still if you look at companies like harley davidson or levis both of those companies they achieve a fifth of their revenue in europe or so that is going to hurt but the big question for sure is how will the u.s. report respond on those tariffs so will they actually beef up terror of some another could take a reason as well so that's probably going to be the big question looking ahead and yes we understand attention now the shot in the trade war about to be fired off on

friday night tell us more about that. well it's pretty likely that u.s. president donald trump will announce a new tariffs on chinese imports the talk is that about eight hundred to nine hundred different products out of china could be affected we do not have a dollar value and actually those eight nine hundred products could be a good news because originally there was talk that there could be tariffs out of china of four in the amount of about one thousand three hundred products but to a certain degree also when we talk about the the you know killer is asian often north korea the u.s. probably it would need the support to china so that actually could help to kind of smooth and a trade war between china and the u.s. but as i said on friday we probably will see

a new tariffs and then we're again curious to see what we hear out of beijing so the trade war in full swing and in that respect it is surprising that the market overall the stock market is not really reacting in a big way the dow jones industrial average only was a small decrease on thursday the nest that composite so the heavyweight index and actually achieved a new all time high while we wait nevertheless with bated breath the ends quarter for us so most three thank you and just when he thought it was one done deal the free trade agreement between the e.u. and canada will see to is facing a fresh stumbling block a sneeze new agricultural minister says his country doesn't want to ratify it and the deal could be the biggest trade deal be used ever signed by the new attorney government says this see to does not ensure mission protection in the country speciality foods like wine on ifs and cheese. interest

rates in europe aren't going anywhere at least not for now the european central bank and else on thursday they would remain at historic lows but the bank is ending its controversial and costly bond buying program. the last several years have been expensive for the eurozone as capital into the euro countries the bonds were intended to fuel inflation and present the e.c.b. as pumping thirty billion euros per month into the market we anticipate that after september two thousand and eighteen subject to the coming date to confirm mean our medium term inflation outlook we will reduce the monthly piece of the net us a purchase is to fifteen billion euros until the end of december two thousand and eighteen and then. net purchases. but the central bankers have

left a back door open if conditions change they might reconsider their decision there was still no good news for savers in the euro zone key interest rates are expected to remain at their historical lows levels until at least summer twenty nineteen. the german parliament has voted to allow class action lawsuits against big corporations the historic vote is a direct result of the mission's cheating scandal it is seen as a win for consumers they could seek damages without having to go it alone against those big corporations something not previously and that was here in germany now class action lawsuits a common practice in the u.s. where the german comic giant we w. has been forced to pay out billions in dollars in compensation to customers. french president of my new a medical has taken a number of risks in his bid to reform the country's labor law but one at least now seems to have paid off its controversial rail overhaul has been adopted despite

resistance from the unions it appears one of michael's key projects is still on track. for weeks workers and friends have been walking off the job to a post plans to restructure state rail operator s.n.c.f. but their efforts have been in vain in a victory for french president manuel mark on the reforms are going ahead as he sees that things need to change s.n.c.f. is after all fifty billion euros in debt up from twenty twenty french railways will open up to competition on top of that real workers will no longer enjoy the same privileges as before for example new hires won't be guaranteed early retirement at fifty eight marconi has succeeded in something that once cost a predecessor his job. and his government has even more plans major airports are also set to be privatized earning billions for state coffers it probably won't be

long before trade unions make their voices heard again. official t. motion dice is a fan favorite especially during the world cup and as football fans and parents will probably know it's expensive now four years ago in brazil added us more than three million german national team jerseys but why does all that cash with a german team jersey cost just under ninety euros let's break it down for you well first the german government takes its share in the form of value added tax the eighty the biggest cut actually goes to the retailer nearly twice as much actually as the sports web brand itself is added to us not just five euros and fifty cents goes to the german football association some of that put to good use passed on to sponsoring football programs in schools and it amateur level only eight euros and sixty cents ends up in the manufacturer's pockets and that is less than ten percent over what you actually pay for it in the shop but of course not just much and ice

that is turning a profit when it comes to the world cup there is a lot going on behind the scenes a football stadium for example is a complex operation and russia stadiums rely heavily on german tech to make sure they are world cup ready now in the midst of tensions between russia and the european union the world cup could account for a rather staggering fifteen percent rise in exports to russia from germany this year. these blades for up to twenty centimeters deep into the football pitch allowing air and water to penetrate more easily possible they've got to look hell fast they move these older blades are worn down so they're about half the length of new ones. this machine is being used on football fields where the teams are training. here only to find out although they're being serviced in moscow these machines are built by a german company they're being used in seven of russia's eleven world cup stadiums

. the tournament itself will cost nearly eleven billion euros making it the most expensive tournaments in a world cup history from stadium construction to technical installations and lawns german companies are profiting from these investments. the german national team is coming to russia as defending champs the german economy also has a title to defend we are still the leading foreign economic presence here with five thousand companies and. that number includes really how much has installed pipes under the pitches and almost every world cup stadium in russia. has lots of experience laying turf heaters drains and runoff systems in stadiums including in europe in munich and in doesn't offer equally important as our service without which it would be impossible to provide for the russian market. onsite service gives german firm bosch an important competitive advantage it operates

a facility on the edge of moscow its security climate and heating technology is integrated in all of russia's world cup stadiums most of its machinery is imported . because everyone here trusts technology from germany and german engineering. but it's put together here in russia according to standards. it apply here in russia german exports to russia and twenty seven chain rose by twenty percent of the banks of the world cup this year could see another fifteen percent increase. from last year when. they were the latest from the world of business for more than was head to our website last business or head over to facebook or twitter on the school business on that so you act free as mine and i'll be back tomorrow same time same place for you that by.

putting. the al. shabaab. page who do you think is going to be world champion.

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