this is the news live from berlin still to come on the show is withdrawing from opec it is the first time a nation from the middle east has left the oil producing cartel since its founding six decades ago. and as with stephen beardsley coming up after a short break. how about taking a few brands you could even take a chance on love. don't expect happy ending. the church. street. life. full of energy.

europe's best rock and pop musicians captivating performances. european concert hall and t.w. . qatar's quitting opec gulf state kisses the cartel goodbye to howard markets reacting to this surprise move. and the u.s. and china have agreed to suspend their trade dispute but only temporarily so how long will the piece last we'll give you the details. this is the business i'm stephen beardsley thanks for joining us the price of oil has surged after russia and saudi arabia agreed to produce output in

a bid to curb over supply and development qatar has announced its leaving opec the world's most important group of oil producing nations after almost six decades as a member country says it wants to focus on developing its exports of liquefied natural gas but many analysts also see a political motive behind the move. as far as break ups go this one was abrupt and seemingly out of the blue here's how could 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 coming to an end the state of qatar has decided to withdraw its membership from the organization of petroleum exporting countries pick effective genuity twenty nineteen this decision was communicated two o'clock 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 weight. 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 members saudi arabia which last year instigation a boycott of qatar accusing us of supporting terrorists qatar's energy minister denies there's a political motive it has nothing to do. with . request. decision.

to tara's 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 and on the global trade deal where markets are up after the united states and china agreed to a ninety day truce in their months long trade dispute. comes after the country's leaders met on the sidelines of the g. twenty summit in argentina this weekend so what are they actually agreed to take a look. 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 we don't show you don't solve. the 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 dispute. now markets are following this closely and so is our paul christiane brits in frankfurt tell us how are investors there reacting to this

ceasefire as many are calling it. that was the sound of a global sigh of relief and that's essentially how investors are taking this this news has sparked quite some optimism here in europe the german blue chip dax is over two percent in the plus another european markets similarly and that's this by let's look at it very clearly there's not a step forward is just it's not going to get any worse for now with this truth even though there are there are no specific numbers that are given out this is a time of relaxation at least a little bit for investors and let me ask you real quick car companies are also optimistic about this why. that's because donald trump has claimed that china is going to drop the forty percent tariff on on cars made in the u.s.

imported to china and that's brought up shares of car makers of g.m. pre-trained but also of german car makers b.m.w. in the lead in who's producing a lot of cars in the u.s. and then shipping about twenty five percent of the into china especially as ease and luxury cars so these will benefit if that's true will benefit from dropping these these tariffs if that's true enough the question is with more concrete answers paul chris young brits there for us in frankfurt thank you. now where madrid has just banned most older cars from the city center the ban was introduced on friday in an effort 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 make a difference. 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 the 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 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 nineteen 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. special 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 presidents because we also have to spend a lot of time downtown we also want to be able to drive and park and stuff like this in the town hold they want to allow as few exceptions as possible but can't is what madrid natives call the smoke that regularly covers the city perhaps with

madrid central it will soon be a fun less common occurrence. now back to the middle east peace talks on yemen are expected to take place this week raising hopes for an end to the nearly four year long conflict and that's boosting the local currency it can't come soon enough tens of thousands have already died from hunger and malnutrition and it's not just from the lack of food but rather the sky high prices. startling pictures from a country on the brink of famine the shelves are packed with groceries at this supermarket. but for many in the war torn country the goods are an affordable. we're suffering from the fluctuating exchange rate and we call on the united nations to end this war and provide dollars to the central bank so that traders can pay for imports stolidity. the war has destroyed what little arable land yemen once had the country now depends entirely on imports and those became expensive as the

suffered from depreciation against other currencies before the war one hundred were worth almost half a dollar for about three years the currency steadily lost in value and finally plummeted in october of twenty eighteen for the last two weeks now there was trading higher on the black market it remains to be seen if the currency can stabilize at that level. the humanitarian situation in yemen could be improved by managing the exchange rate between the reality the dollar but there is blatant market manipulation by the saudi and the m.e. roddy's side at the same time they have not been any economic reforms the production of oil and natural gas has not resumed and international aid has not returned all said and economic war is being waged against the yemeni people one hundred seventy two. yemen central bank has become part of the problem and twenty

sixteen the saudi led coalition moved the central bank from the rebel held city of sanaa to odan in the south the saudis gave the bank two billion u.s. dollars it didn't help the country as most of the businesses and population was cut off from the cash supply reorganizing yemen's monetary system will form a central part of any peace negotiations. and that's it for us. the business more news is coming at the top of the hour and football fans can stay tuned because kickoff is up next i'm seeing there's a blend of thanks for watching. a

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next d.w. . war. anxiously waiting. waiting for lifeline to syria. good morning in atlanta you answering it. every call brings them closer together. to. go to terms because they feel powerless to help. them have penty like i'm letting people down on an island is what. they worry about the morals they've left behind. but. i'm not trying to be strong but deep down i'm broken the law. the war

continues to haunt comes to flick from syria. i'm trying to reach them but nobody and since the war on my phone or to hurt him intrigue starts december eighth on t w. hello welcome to eco we india a sustainability magazine that puts the focus on innovations and solutions that help you make an informed choice to live a better tomorrow every week we bring you ideas from across india and europe and the stories of people who make them possible i'm sunk that onkel coming to you from

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