so far so good that's how u.s. officials describe how trade talks are going in china and donald trump seems to agree but are washington and beijing really close to making a deal also coming up. a possible compromise over a controversial pipeline bringing russian gas to germany as the e.u. sets out new rules for north st. welcome to g.w. business i'm john elder. high hopes for a resolution to the u.s. china tariff dispute as negotiations continue this week signals from u.s. president donald trump that he may extend the trade to speed on march one have been

followed by reports of an upcoming high level meeting no less than chinese president xi jinping is supposedly set to meet top u.s. officials on friday but the stakes remain high and a lot can still happen between now and then u.s. president donald trump spent the day in washington entertaining his colombian counterparts but that didn't stop him from weighing in on the progress of trade talks in beijing. it's going along very well we're see what happens but i think it's going along very well they're showing this tremendous respect. a lot of countries didn't used to show the united states to show respect. big difference from the old. so. the deal with china is going very well the economy is doing fantastically the chinese side has been decidedly more discreet tuesday's news that the united states may be willing to extend the march first deadline to either reach

a deal or be subjected to another brand of crippling tyrants is likely to have prompted negotiators to breathe a sigh of relief but beijing knows such flexibility isn't likely to come cheap the united states is determined to get china to make sweeping reforms to protect american intellectual property and curb industrial subsidies failure to make progress on those issues may be the real red line marking at the road ahead now let's bring in yes quarter on wall street good to syria now will extra time make a real difference into resolving the trade conflict or with the stud line extension just be kicking the can down the road. well the deadline was said to very tight to begin with so it was probable that the deadline would be extended and that seems to be the case now there is a general feeling also on wall street that eventually it deal will be done but it

is old saw pretty likely that the deal it won't be as far reaching as the u.s. president or donald trump had hoped for to begin with but we've seen that with other trade deals as well for example the renegotiation of and that also didn't actually change that much in the end. there are high hopes at least that the trade difficulties will not escalate at this point high hopes indeed and now meanwhile reports have also come out that chinese president xi jinping will have that meeting with the u.s. trade representative's this friday now what are investors expecting well from that particular meeting probably not that much it's mostly a gesture from the chinese president so how important those trade talks are and that adds to a comment from u.s. president donald trump today when he said that the u.s.

is getting more respect from china so it's a it's a show of good will win even ping if you will be meeting. u.s. trade representatives light ties there and usually the presidents do not meet with the trade representatives the presidents me to each other so also when we had the chinese delegation over and watching us donald trump did not meet them so it's mostly a gesture but then was seeing that the talks are on a good way and that's one of the reasons that the market is trading to the upside we are approaching the aids positive week in a row. a show of good will also from the un's court reporting from wall street thank you very much. for european union has reached a provisional agreement on new rules governing gas pipelines entering the block from a third country now the nord stream to project a pipeline connecting russia to germany will be subject to these new regulations

which include more oversight from the e.u. germany hopes the agreement will help vacate critics of the project like the us which has warned of security risks. the compromise looks set to be something all e.u. member states can live with it requires all gas pipelines in europe to comply with the e.u. law even those operated by third countries such as russia it stipulates that the natural gas producers may not also operate pipelines that would be bad news for russia's gas prom the kremlin controlled company operates north stream too and provides the gas for it the agreement would allow berlin to work out special rules with russia but the european commission in brussels would have the final say on any exceptions. rippin commission should take responsibility for the negotiations with such countries all too old to ryse the member stage for such a negotiations but at the end of negotiations or the member states it is necessary

to mystify the result to zero people coming in from before signing and if the. north stream has been a point of contention between germany and eastern european members they opposed the first nord stream pipeline which opened under the baltic sea seven years ago now nord stream two will double that capacity when it opens at the end of this year the new pipes could bring up to fifty five billion cubic meters more gas from russia to germany that means that more than half of german gas would come from russia critics warn that this would give moscow too much leverage over energy supplies to europe the trumpet ministration had threatened sanctions against all companies involved in the north stream project but the us is also currently touting its own liquid natural gas as an alternative. to an ongoing saga that's gripped the business world carlists go on the embattled former boss of french carmaker renault

has been detained in tokyo on fraud charges for nearly three months now though he's shaken up his legal team hiring a high profile lawyer famous for winning acquittals something rare in japan that's come amid an announcement that renault will not pay the equivalent of two years' salary for gold a multi-million euro. carlos goans new defense lawyer junichiro here a knock i had very little to say to the press. our team will start making a defense plan that is all. the high profile lawyer is famous in japan for his impressive acquittal rate in a country where almost all trials end in guilty verdicts says he hopes to be able to establish his innocence but he will not be able to count on payouts from his former employers go in was president and c.e.o. of french carmaker no but the company said it scrapped tens of millions of euros

incumbency ation it's also cancelled stock options that did it granted to go on but there were subject to his continued presence at the company the one celebrated executive has been detained in tokyo since his arrest in november he's charged with underreporting his income as chief of reno's global alliance partner nissan the sixty four year old also stands accused of passing off personal finance losses to nissan at least one hundred sixty five people were killed in the brazilian town of blue monday when a down broke there at the end of january the investigation into who is responsible for the breach continues but many people already believe the tragedy could have been prevented the dom's owner mining company volley has now come under scrutiny. it was the moment the bruma denio dam broke and the catastrophe began for a volunteer the mining company responsible. soon thereafter in rio de

janeiro there were protests against one of the largest export is of raw materials in the world demonstrators believe the company cares only about quick profits safety and environmental standards. you know at dawn of snowfall is not the owner of the lot but only has mining licenses but they don't even get that right and they pollute our rivers and kill people. founded seventy seven years ago now faces what is likely the biggest crisis in company history has spent most of its time as a state owned enterprise experts say the company can thank the global iron ore trade which fall a ships with its own fleet for its growth. expanded during the military dictatorship even after privatization the one nine hundred ninety s. the state is still the majority shareholders of. the two thousand and nine he

cannot cry says hit hard the company dependent on global demand had to layoff many people infuriating workers. but more recently things took a turn for the better i profited from increased iron ore demand in china and europe and became a brazilian share index heavyweight. the company massively expanded its mining activities and earned billions in profits. then the first mining disaster the support of a volley subsidiary broke in two thousand and fifteen of them at least one thousand people were killed and suspicion mounted. by the five most foreigners these with only has always made generous donations to all political parties that may be technically illegal in brazil but it raises questions. apart from that these already only have about third of the staff they need to as effectively monitor valma. skies as

a producer of the. many questions remain in the aftermath of the mining catastrophe including whether bali was negligent and could have prevented the tragedy. and that you're up to date with the world of business for more you can always go to our website e.w. dot com slash business or follow us on facebook and on twitter we'll leave you now with his quick check on global markets thank you for watching.

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