many mysie by the media provides a recognizable face for the lights. coming up but we saw a lot more to tell you about including the price at the pump has been going down opec ministers meeting today hope to change that opana humphrey will have that and a whole lot more coming our way out don't go anywhere she's up next. play. out and they will not succeed in dividing us about not succeeding taking the people off the streets because we're tired of just dictatorship. taking the stand global news that matters. made for minds. if you ever have to

cover up a murder the best way to make an accident raring to. never read a book like this. which missed the german streets. opec looks set to defy washington meaning that the price of filling up could soon be only are those the cartel says it wants to reverse its slumping prices or so coming up after years of lagging behind much of the world in telecommunications cubans are getting more connected. is the darling of the german business world could predict maltz be set to become the leader of germany's conservative party and potentially one day chancellor. this is your business update on how

an arm free in berlin glad you could join me equity markets are tumbling around the world after the arrest of why waste chief financial officer china has called for the immediate release of men one jew she was arrested in canada and faces extradition to the united states for allegedly breaching sanctions against iran now the case is stoking fresh fears about trade tensions between china and the u.s. shares in new york skid at the start of the session and continued downwards in frankfurt london and paris the last three percent that is following major losses that major indices straight across asia. opec has made a plan to cut in oil output effectively conditional on the contribution from non opec producer russia that is according to opec delegates who are in vienna for the oil producer cartels latest bi annual meeting us president donald trump

a surge saudi arabia to refrain from output cuts in order to keep oil prices low but opec appears to be dismissing pressure from washington. the decisions made by these people will be felt by anyone with a car the petrol pumps the opec oil ministers and representatives meeting in vienna focused on one subject of put cuts for crude oil the idea is to drive the price for oil back up after a three month slide during a time the price of a barrel of crude has fallen from eighty six dollars at the beginning of october down to around sixty dollars now that's hurting countries that need oil revenues to finance their economies we hope the right word for. this would contribute the way you could put across the board. ok so for for a minute consultation or believes we have not reached that. reports from inside the meeting say there is general agreement on the necessity of

a production quota cut for the time being it's just not clear how large it will be opec wants to coordinate that with nonmember russia russian representatives are expected to attend the meeting on friday for talks. more on this i want to bring in spencer welsh now he's the director of the oil markets division at i.h.s. market in london welcome spencer by how much should opec cut output to stabilize prices and prevent further declines good afternoon that's the fifty million dollar question thing he are under pressure as you said from the u.s. not to cut a tool that other people think you may need to cut by maybe a more than a million maybe one point four million barrels per day i think it's likely to be there will be a cut somewhere between hoffa million and one million barrels per day of production spencer if they don't do that what will the consequences be. well at the moment the

price is just above sixty dollars per barrel two months ago it was eighty six dollars per barrel so there has been a sudden drop but in the last week it has been pretty stable so if they don't cut then prices will probably stay around where they are they may drop a little bit more if they were to cut i would expect prices to head back up back towards seventy. the u.s. russia have all weighed in on this debate i mean it was that one of the mottos of opec economic interests before political ones has the tide turned on that now. are not necessarily sure that was always the the motto of opec i think the they're trying to do what they what is best for for their for their members it is a it is a hot rope they're trying to walk at the moment between saudi arabia and the united

states trying to to remain on good terms but also also trying to provide support to the rest of the opec countries and saudi arabia they really need a price of more than sixty dollars per barrel in order to balance their their into their budget their spending plans russia is in a different position you know they actually would prefer probably the price around where it is now they don't like the oil price being too high because it strengthens the ruble and then makes their other exports less less attractive spencer welsh from i.h.s. market in london thanks for your perspective. thank you it is a milestone for millions of cubans as today they'll be able to access the internet on their mobile phones with a new three g. network is one of the wealth least connected countries in five years ago the internet was largely only available at the island tourist hotels but that's about to change. cuba is like far behind most countries in web access whether because of

a lack of cash for a long running u.s. trade embargo or government fears about the flow of information but with public wi-fi hotspots cyber cafes and slowly hooking up homes to the web havana has made connectivity a priority now a range of mobile phone packages has to be rolled out as well it's a c.m.s. i did that last for children december the sixth at eight am we will have a very specific set time for this the internet service will open for mobile phones . this is been something that the people have long been known to as a paid thing as many cubans complain about having to brave insects and the elements of the public hot spots which also like privacy. when the world is great imagine being at home and already being connected i don't have to get up and go to a park and find a hot spot. however thirty dollars for a thirty day four gigabyte package the new network will be beyond the reach of many

even if the government says it will boost the economy and help the country defend its revolution online. record imports in october the u.s. trade deficit to the highest level in a decade commerce department says the deficit hit fifty five and a half billion dollars in october the fifth straight monthly increase the deficit a good straight with china alone varies just a the seven percent to a record forty three billion dollars k. u.s. exports like soybeans fell off to china and post retaliatory tariffs on american soil president campaigned on a pledge to slash america's trade deficit. to worry germany's conservative party will elect a new party leader he or she will succeed. among the candidates fatally here melts a close ally a former finance minister. now now says the german chair of the world's biggest and most powerful wealth manager of black rock and he says he's ready to return to

politics and move the party back to its conservative roots his our very own ben visited with more. germans hate career politicians so he's someone who's made it in the private sector mance the millionaire he's been on the boards of banks and insurers even a toilet paper maker but it's black rock that gets everyone talking this is going to. black rock is not a locust it's a wealth manager yes the biggest in the world but wealth managers are trustees. globally the american firm manages over six trillion dollars double germany's economic output it has the biggest foreign stake in the dax which is in all the top listed companies here and that's not just a ridiculous amount of wealth that's. the report from time to time that the fund likes to exercise its influence over germany executives blackrock denies that it

also denies being a shadow bank but it does the scrutiny the world's biggest banks around and enjoys unrivaled access to regulators central banks and governments blackrock has been really at that playing that game. of saying no we're the good guys we're not like a bank and so the bank the banks are the ones that caused the financial crisis we are actually the saviors of the little people and that's basically been their their spiel if you will and they've been really successful at selling this. but i think it's about time that we look a little more closely and what their influence actually is and how they're shaping and we shaping markets and the financial system that. blackrock and its team here in frankfurt must hail frederick the great he pried open the door for them to europe's economic powerhouse and even if he does leave the company upon officially

re entering politics that door is already wide open. some economists say mansi is just the right man for making germany more competitive but i think it would be great for the country given the fixin's the past thirteen years a government so focused on redistributing wealth and other creating wealth is all we need to do some reforms might not be popular but now it's my peers who are going to do it you're talking about creating wealth for europe's largest economy not creating wealth for the world's biggest hedge fund and fund managers well you're first of all creating wealth for the customers you should keep this in mind and especially in germany is a discussion roland no costs and hedge funds and so on is very negative crocus actually just minnie's and every day and not before many people in dolman stage fonts it's all done of the ordinary people benefit from the work so i think the discussion here is that of it misled. matts once said he learned from his parents about giving back something to society if you could afford it well he's whirled

away enough money to give up his corporate career and possibly become leader of the christian democrats but he'd have to be investing in more than that surely he'd want to give back to society by taking charge of europe's largest economy and becoming chancellor. yes it plenty more news coming up at the top of the hour for business you can always go to our website d w dot com slash business follow us on facebook twitter are on there as well helen to see how free is my handle here's a look right now at the world markets at this hour. one

tree god international talk show for journalists to discuss the topic of the week united nations is warning of climate chaos with millions of dad and a refugee camp the climate conference on how to reach out to find a way out of this dire scenario that's our topic this week with me bryan thomas on wall street. quadriga next on d w.

mentioned slee waiting. waiting for lifeline to syria. good morning where i can apply and humanitarian. every call brings them closer together. but in terms because they feel powerless to help. as a pet feel like i'm letting people down and i live for one. they worry about all the money they've left behind. them. you know i'm trying to be strong but deep down i'm broke in the middle of. the war continues to call on those who fled from syria.

i'm trying to reach them but nobody answers the war on my phone or to put documentary starts december eighth on d. w. . hello and welcome to quadriga the international talk show coming to you from the left i'm brian tom's with the world seeing more and more extreme drought supercharge hurricanes and catastrophic floods millions around the world want to see action on coping with climate change among them of course the protesters are taking to the streets demanding governments and corporations do something to prevent the worst the u.n. climate summit in the polar city of kind of each other is a.