a new beginning requires a new justin left become to really turn back time where he be able to review his own shortcomings if he can success may return otherwise the german f.a. is just a delaying his downfall. the talk of the hour ben facility will be with here in just a moment with your business update after the back. brace yourself with d. w.'s interior design channel on. its own kind of winning coach of pretty frequently. during link to news from africa and the world. your link to inception stories and

discussions here no one will come student news african encroach grammy night from born in germany from the news of easy to our i would say d. debit it comes to africa join us on facebook and d w africa. can the european union win a trade war with a us naval side blinks following tit for tat tariffs analysts say it will be no winners at that if the e.u. once just stand a chance it needs reform. a temporary reprieve washington lets the chinese take east on doing business with the us again but only for a mouth and russian reform economists made like that all the russians may not yet ready to work a little longer. i've been fizzling let's do business german leader under medical

says it's time for germany to try to avert a trade war with the united states this stuff the tariff hikes from washington meant by e.u. levies of its own the next in the firing line is germany's treasured. is the chancellor. get it right now we're witnessing something felt which we've always considered a constant namely the role of multilateral organizations we now have tariffs on a limb in yemen still and we have a far more serious issue too should levies be raised on cars imported to the u.s. . with and ladies and gentlemen this has the traits of a trade conflict i'm not ready to call it anything else just yet. but it is worth putting all our efforts into trying to defuse this conflict before it does become a war though of course both sides have to be involved and that's really why that

medical speech comes ahead of european commission president trip to the u.s. later this month for trade talks e.q. has a lot to lose in this conflict one compelling reason to stand together but analysts also say without reform the block is too weak to win big battles. so is the e.u. ineffectual and bogged down a visit to athens might suggest otherwise after years of financial crisis greece with the e.u.'s help has turned a corner or so says the european commission or pm must give each. receive. on two feet. and with it's you who's sitting in. those european partners now have three other economic headaches to deal with first italy which is sitting on a mountain of debt some two point three trillion euros worth saving italy might

prove an even tougher job than greece could this mean and. then there's grex it britain is waving goodbye to the e.u. but what this will ultimately mean is anything but clear how much of a handle does brussels have on the situation and its costs. and last but not least donald trump he's threatening tariffs and the e.u. is vowing to strike back with levies on some two hundred fifty billion euros worth of u.s. exports joining forces against trump for the e.u. that could be a show of solidarity and strength. my colleague humphries spoke to michael board director of the think tank open europe about the biggest challenges for eurozone reform. one of the biggest risks and that also all pertains to italy is due to between banks.

and government budgets so if there if these banks whole lots of government debt stubborn dead of their own country then once you have a banking crises and there's many non-performing loans in the talian banking system then this could lead to a national crisis that. we would have another bailout program perhaps for italy and italy might be too big to fail the point see the potential for a new bailout program one of the ideas actually put forward by the french president and that mack is in favor of is this european monetary fund to help countries in crisis could you imagine a fund whereby it was the funds automatically release are we going to go through something arduous what each national parliament needs to say yes this country can have this money it is a big question also of national sovereignty and you know no taxation without

representation and should understand for example the german government still have a say over tax payers money which is a constitutional issue. so that it really depends how these european monetary fund would then look like legally and also in terms of volume and we now agreed on something like the euro zone budget right which would also help but the german government things you know in the area of thirty billion. dollars thinking more in bigger terms of three hundred or four hundred billion as the volume for the special fund. us president donald trump says washington is courting motorcycle companies to move to the united states that's after he lashed out at harley davidson for announcing it's moving some production overseas. the company blames the decision on tariffs imposed by the european union which are in retaliation to tariffs trump

imposed on a host of e.u. products. some of the other big companies trump is referring to include the likes of yamaha honda b.m.w. and you can take over from asia and europe regions the president is looking to penalise for what he calls unfair trade practices well u.s. commerce department has temporarily lifted part of a sales ban on the chinese tech giant said he the ban all but shut down the company in april when washington accused of continuing to contravene sanctions against iran and north korea now restrictions have been lifted at least for the meantime. the temporary reprieve is only until the end of july and conditions under which that t.-e. will be allowed to resume business are strict the chinese tech giant will be able to maintain existing telecom networks and mobile phones in the usa and to carry out security patches to continue operating the company must pay a one billion dollar fine replace its executive team and hire u.s.

compliance officers it was only in april that the company suspended most operations after the commerce department imposed a seven year ban from buying u.s. components and technology said he relies on u.s. companies for nearly one part in every four that go into its networking hardware and smartphones he said t e pleaded guilty in march twenty seventh teen to having shipped equipment to iran and north korea in violation of u.s. sanctions after they were slapped with a fine the company promised to discipline employees involved in the scheme but the commerce department said this week that those employees were paid bonuses instead. china is pumping more money into venezuela and the venezuelans continue to pump crude at rock bottom prices to power the globe second biggest economy the south american nations oil sector is ailing and desperately needs a cash injection the china development bank is investing over two hundred fifty

million dollars billions more could be on its way as the countries discuss the special lowered prices stricken venezuela is dogged by corruption mismanagement and stolen investments and as little foreign currency around beijing is now its main foreign investor over the last decade it's lent has a total of sixty billion dollars which the government is repaying in oil supplies. politicians that are torrijos for saving disappointing announcements for busy news day and just as footballs will come around the russian government said it's pushing up the official retirement age or not reform is facing resistance now drugstores reports. it's been a long day and older plate minge of a needs a cup of tea after thirty years of working as a hospital doctor she was planning to retire next spring and just on a bit on the site but now the fifty four year old feels there's little chance of

that the russian government wants to gradually raise the age of retirement from sixty to sixty five for men from fifty five to sixty three for women. i did not issue a menu my pleasure there but that was it's turned everything on its head i wanted a change of job yes i focused more on myself and less on the earning money finances their annual growth. and she's not alone russia has an aging population and too few people paying into its pension pot the retirement system needs an overhaul . the government wants to modernize the country but needs to invest more in health and education as communication choices can seem a little in that doctor to announce the retirement reform at the start of the world cup hoping perhaps that the football tournament would distract people from its intentions these two. it's a puzzle it's mum. reform would enable us to increase pensions and create something

like an inflationary adjustments the kremlin has otherwise kept quiet on the issue president putin appears keen to distance himself from the reform. roger we thank you for trade unions and opposition politicians believe he's the one behind it all you know they vulcanize demonstrations and collected millions of signatures in protest of the us more. than of all of the pension reform as a way of stealing our money for money zelig new design called reform is making citizens poorer the most we will do everything to prevent these measures from being implemented on the most which is the it's a. column untasted give its approval before the reform can go ahead and not all members are in favor independent analysts also skeptical. yes but. speaking as an economist such reforms are only necessary when you have strong

economic growth youth or not enough workers. neither of which is the case russia's economy is sluggish and the country has a huge workforce and few businesses actively hi older people so we'll all go up at minshull and up having to work a few more years in little. less you can add used to because of everything my generation has seen but i really don't hold out much hope for good new homes. and if the reform is implemented it will hardly bolster people's trust in the russian government.

cut cut cut cut cut cut cut. cut. cut cut cut cut cut cut cut cut cut cut cut cut cut cut cut cut. from the. center of the conflict zone. it's true years since the brics it referendum in britain lose and my guest this week you're in love with is nikki morgan a former education minister and now a pro remain conservative m.p. why does she continue to prop up a prime minister who has failed so spectacularly to unite the party and the culture conflicts so far doubly so for.

the body copy you think it's going to be will shift. all the matches for all the scores. two thousand eight hundred soccer world cup on d w. they live to serve the front danger lurks in the long term we will the whole year long surf. waste and and polluted water. basically in this case of the lowest is on top of the national poll i would have to jump. on this would be stupid saturday or summer if we didn't see more a more proficient shot. you know seems to me everything is going to have to give

something back it's like feel obliged to. wave surfers fighting against. the sea much july fourteenth. this week on conflict zone i'm in berlin to talk to a qatari in that circle the ever foreign minister of bulgaria his being among the politicians searching for common you approach on the question of large scale migration now that a compromise has been found is it a fair deal for everybody and will the agreement last. because they're in a period of up.