to the final four member russia and the young player category france world cup winner killian pay is expected to take home the trophy while barcelona striker martens leads the running for the women's progress. this is the news more straight ahead. i think is everything challenging first on how to be a muslim. so much different culture between here and there so challenging for him. in the film business i think it was worth it for me to come to germany. my

grandmother larson's to work as a swimming instructor to be sure now and two children are not going to go it's just wrong to just. let your story take part sheriff on info migrants dot. qatar quitting opec the gulf state cases the cartel goodbye but how markets are reacting to this surprise move. also coming up the u.s. and china say they'll stop slapping tariffs on each other but for how long. this is d.w. business monica jones well come the price of oil has surged after russia and saudi arabia agreed to reduce output as part of an effort to curb oversupply in

a separate development has announced it's leaving the world's most important group of oil producing nations after almost six decades the country's energy minister says the decision will enable qatar to focus more on developing its exports of liquefied natural gas but some analysts believe. the moves could be political. as far as breakups go this one was abrupt and seemingly out of the blue here's how tars energy minister delivered the news that his country's fifty seven year membership of the world's most important group of oil producing nations was coming to an end the state of qatar has decided to withdraw its membership from the organization of petroleum exporting countries effective january twenty ninth. this decision was communicated to operate this morning opec is made up of fifteen countries it was founded in one thousand nine hundred sixty with the goal of helping members benefit from a steady rise in oil prices so just how big

a role does it play globally at present opec nations hold almost eighty two percent of the world's reserves qatar by itself controls one point seven percent of the stockpile it might not sound significant but for a country of just two point seven million it punches above its waist the decision to withdraw from opec will enable the country to increase production outside of the cartels constraints but it's also being read as a slight to the group's leading member saudi arabia which last year instigated a boycott of qatar accusing us of supporting terrorists. qatar's energy minister denies there's a political motive that has nothing to do with the blockade ok the timing if you look at the. status of the opec if any country wants to do all the. what it has to do is basically put into i think it's

a question all its decision to do with the rule and it basically was it was in the next calendar the. qataris decision to leave opec may not cause major damage to the group but it certainly calls into question its reputation for pushing shared economic interests above politics. but it's at the front foot stock exchange for us where he says the markets are taking qatar smoove in stride we are seeing an uptick of oil about five percent today but the reason is that russia and saudi arabia have a preliminary agreement ahead of the thursday opec meeting to cut down on oil production now this is going to be much more significant for the liquefied natural gas market l. and g. has dropped to three percent today and qatar has access to the largest world's largest resource here the world's largest natural gas fields that it does share

with iran hence also the close relationship with iran that it wasn't willing to cut under the saudi arabian pressure. it's at the front of stock exchange while asian markets are up after the united states and china agreed to a ninety day truce and that months long trade dispute the announcement came after the country's leaders met at the sidelines of the g. twenty summit in argentina this weekend but what have they actually agreed to let's find out. for months there was little or no less up in the trade dispute between the world's top two economies no wonder then that this handshake which took place on the sidelines of the g twenty summit made front page news in both countries the deal the leaders struck a ninety day pause on u.s. plans to raise tariffs from ten to twenty five percent on two hundred billion dollars worth of chinese goods in exchange china's pledge to buy more u.s.

imports and according to u.s. president trump to reduce or scrap tariffs on u.s. made cars news of the breakthrough spread fast in the chinese capital beijing. trumps vision might be america first but china's is world first we're going disagree over this but i believe there is more than one way to promote global economic development. deescalation comes as a relief to u.s. farmers affected by chinese tariffs on key crops like soybeans equally promise to hold off on further tire of eases the pressure on china's already slowing economy still analysts say this is a pause a not a resolution to a complication. of a more i'm joined by. executive director of the international trade center a joint development agency of the united nations. in geneva good to be with us so

we see a ninety day trade war. what does that's true result. well for now we let's agree to discuss and it's important because before that it was unilateral measures i he do you he had me and they had not really result of the fundamental problems lie behind this unilateral trade measures so now they go back to the table and they want to negotiate part of the negotiations are about accessing each other's market but there is another part that has to do with the rules of international trade that they will apply to each other which i would like to link to the outcome of the g twenty declaration which has g twenty members including the u.s. and china agreeing to go back to the w g o to negotiate the rules of international trade so all alone or a demonstration that no one wins trade wars that warm up there is is sitting down

agreeing finding a way to resolve trade differences through dialogue and negotiation so if there's a truce on i level or is one of the two giving in i don't think they give in they are too interrelated in order to give in any they given both are giving in and if they win both win this is why international trade is when when they are so into related that they figured out that you need laterally trying to resolve these them individually and collectively more damage more harm than it does to sit down and try to find a solution now my sense is that maybe ninety days is a bit too ambitious to solve the underlying problems but maybe in ninety days they can find quique. that will create an environment of confidence of trust that is what is needed to maybe reform the rules of international trade in the world trade organization rancher gonzalez their executive director of the international

trade center talking to us from geneva thank you so much for your time. but times are getting harder for motorists in europe madrid has just banned most petrol and diesel cars from the heart of the city the ban was introduced on friday in a bid to improve the air quality in one of europe's most polluted capitals but the measure is controversial and critics say there are too many exceptions for the ban to really clear the air. madrid is putting the brakes on city traffic and it looks like this new traffic markings on the roads and traffic signs they're calling this scheme madrid central according to the plan only residents and cars with a special dispensation will be allowed to enter the city center and downtown is completely off limits for older models and diesel cars. which. i think it's good and will help reduce air pollution. but the air quality improves it

will be good for pedestrians it's a real pain for anyone from outside the city. monitoring takes place with the help of cameras these notes license plate numbers people found violating the new rules have to pay a ninety year old fine electric cars or cars using natural gas or hybrid motors are exempt from the rules and madrid sidewalks are being expanded smaller roads have had their speed limits reduced to thirty kilometers per hour. and. they do not want this national about madrid central is that it incorporates two initiatives to improve air quality we're keeping most cars out of the city center and the ones that are allowed to drive there have to be more modern cars. taxi companies are also temporarily exempt from the restrictions until they can relocate their fleets and delivery services will need to make logistical changes to

all of which has drawn criticism from business people and company owners. small business owners that have businesses in the city center like a small restaurant or a bar or shop for example what will they do. just like residents because we also have to spend a lot of time downtown we also want to be able to drive and park there. but in the town hall they want to allow as few exceptions as. possible blowing up a boss cat is what madrid natives cold the smoke that regularly covers the city perhaps with madrid central it will soon be a fog less common occurrence. just give you a brief outlook on what's happening this week italy is headed for a showdown with the e.u. brussels will decide whether to sanction rome over its new budget which is set to increase italy's huge dead now the former euro group president suggested a haircut in evitable in an interview with germany's spiegel magazine. which

you used to see him last year said the eurozone had to send a message to italy at this time there would be no rescue he said hyacinth the italian bonds needed to be aware they could lose their investment polls now show a majority of italians are worried about their government's spending plans. and that is your business update here on d w thanks for keeping us company.

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