the counter offensive has begun china's huawei is suing the us government to stop its bad mouthing the company with western allies and to give the tech companies fair access to the american market for telecom equipment. also more money laundering accusations against some of europe's biggest lenders so is it time for the e.u. to regulate banks more tightly we'll talk to an advocate of just such a plan. alone welcome to day to do business i'm stephen beardsley in berlin good to have you with us chinese tech giant huawei is suing the u.s. for banning use of the company's equipment always challenging a united states law that labels the company a security risk and would limit its access to the american market for telecom equipment it comes as the trade negotiations between the two countries are at a critical point for years while way has sought to reassure the world of two

things that it is not under the control of the chinese government and that it doesn't spy on consumers. a shift in tone from defense to accusation a u.s. government. branded probably its right it has hacked into our service and this story and you mails and code allegations of american government interference and theft of corporate secrets while waves message to the united states we can play the blame game too. hours before the announcement the backdrop to what's becoming an ever escalating dispute while waves chief financial officer among wang jew leaving her house in canada for an appearance and course she's been detained in the country since december accused of helping her company

violates u.s. sanctions on iran she claims the arrest a violation of her rights and is politically motivated. while ways decision to sue the american government to a ready high cost conflict the u.s. effort to get allies to shun the firm threatens to bar the company from major markets and puts billions of dollars of investment in super high speed five g. networks that all risk it all so tension to an ev ready complicated trade relationship between the world's top two economies. and let's talk about the trade relationship and the likelihood of a trade deal with our financial correspondent new york jose luis de haro. some new signs that a deal might not be coming soon despite recent reports what can you tell us. i disappoint stephen it is a clear that there might be a chinese compromise to increase the imports coming from the us a main goal for de

white house but both the chinese president xi jinping and u.s. president still face internal opposition especially when it comes to solving contentious the structural issues such as subsidies of forced and technological transfers elso the idea that the us who do we impose an increased targets unilaterally. without the retaliation from china if it does not obey to its compromises is not sitting well with the chinese government also afraid of last minute changes that from the us administration so there are still a lot of unresolved issues that need to be toggled in the coming weeks if there is some hope of finding common ground by the end of march also economies say that even if a deal gets done the education will prove challenging and disruptive sense that will require major adjustments here in the u.s. in china's current trading partners. haro their force the new york thank you. now over to europe where the european central bank has decided to delay any

interest rate hikes until least next year in a bid to revive the struggling euro zone economy the bank decided to launch a fresh round of cheap loans e.c.b. president mario draghi also announced the bank had lowered its eurozone growth forecast for the coming years it expects just one point one percent expansion this year. prosecutors in the netherlands are said to be investigating dutch bank i n g reports connecting it to a massive money laundering scheme out of russia and some of europe's biggest banks have been linked to the scheme the so-called troika laundromat is alleged to have channeled billions of euros from russia into the european banking system through a little way in lender the reports are based on leaked documents the scheme is named after the russian banks troika deal log which is alleged to be behind the transfers. now as i mentioned there i n g is just one of a number of banks across europe tied to money laundering allegations the so-called troika laundromat is just one of several alleged schemes the list of banks accused

of money laundering is a who's who of european lenders at the top is don sco bank denmark's national bank which admitted that much of the two hundred thirty billion dollars flowing into its tiniest only a branch from two thousand and seven to fifteen was likely suspicious so how does it happen either member nations are in charge of policing their own banks but there's no easy wide regulator and since eve banks can freely transfer money to each other it takes only one unscrupulous bank to inject money into the entire system and where does the money go it could be hidden in an offshore bank account or used in a criminal or a list at enterprise so what can be done to stop it for more on that i'm joined now by nick a lifer own he's a senior fellow at the peterson institute for international economics in washington d.c. . you've written recently about this very issue tell me what's currently in place for e.u. member states to stop money laundering but just points are higher principles

of the global level recommendation from suitable financial action task force and then there is a european unity station which says some rules are converged between two different member states but enforcement of the rules are composed of banks. cation of fines if something goes wrong this is almost entirely at the level of individual member states and as you indicated before sr is only as strong as the weakest link in to change so we have twenty eight member states i could search one is a single market is there is only one that fails in their duty isn't the system is not secure and our visa is more than once that problems so enforcement the national level then what needs to be done if that's not working. so there has to be four to break to vicious circles that maintain some member states in this week's situation where there was dennis to be unable to enforce

a mail on time when you don't bring it the station and the easiest way to do that is to set up one critical aspect of to enforcement process as a european the whole not all aspects of course the police or prosecutors so you take the community when it's unfolds as will remain the international level but what is called into jargon a mauser provision on time when you don't bring supervision which is making sure that banks and also institutions types of programs to detect and we court suspicious transactions this can be established at the european levels are precedents for this would probably need to creation of the new agency but that's not yet of the world. a measure of course is either regulated the need for this is this politically feasible specially given member states national interests in their own banks french compared to other cities that have happened for examples of creation of a banking union where different kind of thank you supervision focal credential supervision how do you transfer to the european level at the european central bank

this is can party easier so i don't see any major but it could obstacles of course as usual the national agency is in charge of this task of famous supervision defends their prerogatives defend their turf that's normal but a minute is the security issue for europe i mean there's a lot of money coming in it's. of course part of the broader relationship with russia so i think the program should really be tackled at the level of political leaders and i don't see any major obstacle for progress to be made there right away and see what happens they left rome with the peterson institute for international economics in washington d.c. thank you so much for joining us thanks for having me. over the u.k. brags that will affect how people in britain eat one third of british fruit and vegetable comes from the consonants that could change of course as they're hard brecht's that fresh produce could face long waits the customs and critics wonder how fresh it will be when it finally lands on british plates. greenhouses are

a common sight in southern spain europe's biggest greenhouse tomatoes for the european market are growing here year round with a third of them exported to britain the transportation chain is so well organized that british consumers can always look forward to fresh tomatoes but farmers are concerned that could have properly changed when president leaves the e.u. at the end of the month a secret that i look at that i will have to work taking into account the possibility that the u.k. is treated like a non e.u. country it would be like exporting to china or japan or australia. he said you know and it would be a very difficult situation above all because the volumes exported are very high and now there's a lot of uncertainty about what's going to happen. last year greenhouses and spain's amaria region delivered some two hundred and eighty five thousand tons of produce to britain. and farmers that grow exclusively for the british market here

huge losses after practice it. the dakotas they. did this by this supply is. doing well and they have to look for the new markets and do. displays will be all that exporters and is not easy. with just three weeks to go before bracks said it's still unclear how much extra time will be needed for deliveries or whether the produce will still be fresh when it reaches british tables and many farmers here worried that could put their future and jeopardy. iranian hackers have reportedly stolen corporate secrets and data from more than two hundred companies over the past two years the revelation first reported by the wall street journal was detected by software giant microsoft cyber attackers still secrets and white data from energy and production firms in saudi arabia germany the

u.k. and the united states causing hundreds of millions of dollars worth of damage iran denies the claims. i'm seeing there's a lynn thanks for joining us. to

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