the countdown is on will canada sign up to the new look now day in time for trump's friday deadline or will it be the u.s. and mexico putting pen to paper leaving also out in the cold also coming up argentina is taking desperate measures to stop its currency from losing value but so far nothing has been able to prevent the planet of the peso. this is your business update on helena humphrey i'm glad you could join me talks between canada and the u.s. intensified on thursday as the two saw its push to hammer out a deal on a revamped north american free trade agreement mexico's already signed up to an initial deal now with a friday deadline the clock is ticking to see whether canada will make it a three way agreement. canada's chief negotiator expressed optimism ahead of

thursday's talks with her u.s. counterpart but as we said our officials did some work they prepared some issues for me and ambassador like hisor to take the decision and we're about to go in continue negotiating and do precisely that and because i used to be a journalist and i know how hard it is these waiting outs and boiling we have brought you some hostile fire the overhaul taking shape would likely strengthen north america as a manufacturing base by making it more costly for automakers to import a large share of vehicle parts from outside the region. without a deal donald trump has threatened to levy tariffs on canadian made cars. and u.s. stary products as unfair trump has said a friday deadline for the three countries to reach an agreement which would allow mexican president enrique pena nieto to sign it before he leaves office at the end

of november it's the trump in ministration wants to notify congress on friday and the congress then has ninety days to review the matter relationship as well as get a nice from wall street i also financial correspondent un school to whether we can expect to see three signatures on that revamped enough to do come friday. it is possible but there are a couple of crucial questions one is what actually will be assigned so where will be the the big changes to nafta as we know what may be a slight changes when it comes to the car industry but even if the us press is pretty hard that seventy percent of cars that are being sold in north america should be built in north america that is for most car makers already the case maybe some changes when it comes to diary of terrorists going out to canada but if we

will really see such big changes remains to be seen and then also the parliaments in all those countries have something to say to it as well so nothing will be final by the end of this week but signatures overall are possible are you in school today in new york will the maker of jack daniels whiskey you brown film has issued a profit warning whiskey is among the american products targeted by retaliate to terrorists from the e.u. which includes peanut butter and harley-davidson motorcycles while the e.u. in the us have declared a cease fire on their ongoing trade conflict some products will continue to be affected by tariffs until the two trading partners can come to an agreement. japanese electronics giant panasonic plans to move its european headquarters to amsterdam from london in october it says to avoid any tax issues think to bragg's it well the u.k.'s exit from the e.u. could mean that japanese authorities may treat britain as

a tax haven which could see panasonic face retroactive taxes for its u.k. operations back in japan and the sonics that uncertainty about the movement of goods and people post breaks it also played a role in its decision. argentina's economy is in crisis in the country's currency the pesos suffered its biggest one day in last three years overnight after president mary sylmar korea paid on television and appealed to the i.m.f. to release emergency funds early well the pace is already been having a bad time this year with creeping inflation and budget deficit driving it down forty percent since january everything is getting pricier food elektra's city buses schools this year inflation in argentina is expected to reach around thirty percent and at the same time the peso continues to fall since the beginning of the year the argentinian currency has lost forty five percent of its value against the

dollar the country's central bank has spent weeks desperately selling off its currency reserves in an attempt to stabilize the peso but to no avail nor has president maurice present pealed to the international monetary fund to speed up december cements from the country's fifty billion dollars credit line foreign investors and the public have lost faith. and we're going to put in the the money it doesn't trust the government and especially its economic team and i think that if the finance minister and the central bank president don't step aside very soon things will get much worse it's not a case of poor economic decisions the main problem is that those in charge have lost credibility if they're going to go he said only if you know. go for growth is at the moment. and yet until recently the center right president was seen as a dynamic reformer he opened up for trade and investments attracted companies to the country all paid for with foreign capital but it's not clear whether the loans

will be repaid debt payments of almost twenty five billion dollars on next year rising interest rates in the us one reason for the crisis it's now more lucrative to pump cash there and that's not just affecting argentina the ruble the south african rand the turkish lira and the brazilian rail are all plummeting political conflicts are making things worse argentina may have further to fall protests against the government are growing and the nation's biggest union c g.t. says it has strikes planned to. what has been a year of droughts across the globe and australia is no exception right now the land down under is suffering from the worst drawing spell in living memory fade crops are withering forcing follows to buy feed from elsewhere and with water supplies drawing up some farmers have had to resort to calling the. australian

farmer richard bogle b. is using he donated by relatives to feed his cattle during australia's worst drought in living memory ogilvy expects to lose over one hundred twenty five thousand euros this year after as he runs out in six weeks he doesn't know what will happen next we've gone from twelve hundred thousand. six hundred we've put in pumping systems to get trough water so that when the dames go to draw the cattle of got alternative sources of water and all of these things that we've done to two world coal saif got us off to get it straight out hasn't has helped us but in the long run we will not sustain this if it doesn't run. farmers have described this season as the worst drought they've ever seen. and it's the livestock that are suffering the most. in better times the dam on kevin tongue's

property is three years deep it's now been empty for three months decimating his wheat and barley crop. all thirteen hundred sheep have to be fed with grain and solder and transported from other parts of the country. you know if it does rhyme we're still going to have to fade for another michael six weeks any why because you know we're still getting frost here it's not warming up real quick and you know we're just we're still going to have tame fade and that's just another burden on our finances. the australian government pledged an eight hundred million euro increase in funding for drought afflicted farmers in addition to the three hundred sixty million euros of assistance previously announced but what farmers like google be in tongue need the most is some long awaited rain. the sale of high caffeine soft drinks to children could be banned in england teresa

mayes government is mulling a pro him ition aimed amid health concerns it's north state twelve week public consultation seeking views on the subject and asking whether restrictions should apply to children under sixteen or eighteen. energy drinks are becoming increasingly popular among children but they contain high levels of sugar and caffeine and have been linked to obesity and a range of other health issues so hot stations high blood pressure inability to sleep restlessness and so kids tend to self medicate with them to stay up get you mean those kind of things and teachers are reporting problems in schools because kids going to school having taken the support first and then called sixty all day so it's sort of and obviously the sugar as well with with but that's ok and he says what he said is a way to shape the proposed legislation would ban the south energy drinks containing more than one hundred fifty milligrams of caffeine per liter to children

a two hundred fifty millimeter cannon may contain double that amount or the equivalent of three cans of soda parents are becoming increasingly concerned i don't think kids should be allowed any teachings that's going to pose a hazard to michigan to this whole thing. they should be able to hot enough nutrition through their feet to be able to go about jesus monty's like to. get the school day without having to stop to i don't even want to know what a lot. of melodies that he thinks can be done. that he can take i think maybe yes we should do if you can't take it but he said no we have to get out to visitors. public health advocates welcome the proposed legislation nearly a third of children in england are obese or overweight by the time they leave primary school the government is aiming to cut childhood obesity rates in half by two thousand and thirty. europe say with the latest from the world of business on hand

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