a deal raising eyebrows and concerns rolls out the red carpet for china's president jews in pink as it's set to become the first g seven country to join china's controversial new silk road project also coming up more bad news for boeing in any just like carrier wants to cancel a large order of seven thirty seven max jetliners citing a loss of confidence after two crashes within two months and it is the free internet under stret in europe the u.s. plan to protect artists copyright and revenue streams faces stiff opposition. from chris cuomo welcome to the program. italy and china are set to sign a deal to make italy the first western european nation to join beijing's belt and road global infrastructure project at least cash strapped government is hoping for ample investment but the country's partners in europe see the deal as

a bid by china to expand its power into europe. china's president got a warm reception in roh host country it's really it's become the first g. seven a common me to join the new silk road project beijing is keen to package its massive maritime rail and road venture as an opportunity for other nations. or usually. we want to strengthen our synergies to enhance cooperation in the infrastructure poorish logistics and maritime transport sector is. in order to build a series of concrete projects along the silk road for you. but critics say the project which is officially known as the belt and road initiative will primarily benefit beijing many countries have expressed our needs about

china's growing dominance for italy though the potential economic boost appears to outweigh the perceived risks. italian presidency. is adopting a win win at pro church. for the ancient silk road was an instrument of knowledge among people and a tool to share reciprocal discoveries. the new silk road must also be a two way street to share not only goods but also skills ideas knowledge and forward looking solutions to common problems and projects for the future. other e.u. nations notably france and germany are taking a more cautious down of leaders of both countries are due to meet the chinese president in paris on tuesday the new silk road is certain to be on the agenda.

in the nation's national carrier is canceling its order for forty nine of boeing seven thirty seven next deadline or so after the model was involved in two crashes in recent months the decision could spark further consolations from other carriers including from godas rival lion air back in october a seven thirty seven next model lion air jet crashed in indonesia and earlier this month an e.p. if you've been airlines jet of the same model went down shortly after takeoff and both cases all people on board were killed. with more on this let's bring in the unscored on wall street again what do people on the trading floor make of this cancellation is it a sign of worse things to come for boeing it is the first big to come up with the idea of cancellations and this boeing lost about three percent in value shortly before the weekend but we have to wait and see how this plays

out to first of all boeing will actually meet with the representatives of the next week and your conscious to cancel in order without a penalty and then also a lot of our lines do not even have an interest to change from one plane make to another if you look at the pilot training if you look at maintenance and other issues it's months more cost efficient if you only deal was one plane let's say from boeing all from us so it's really too early to tell if. it is the single case and if it at the end they will really cancel the planes at all maybe switch to a different type now and zero stocks finished the week with losses over concerns of an economic slowdown now the warning signs have been out there what triggered the sell off on friday. what triggered the sell off on friday

basically were a couple of economic reports weaker reports from the german economy weaker reports from manufacturing here in the united states and by the end of the day of blue chips and also the good to four hundred sixty points in value was down by about one point eight percent technology stocks and even got to have been hammered more than friday by a loss of two point five percent we also have banking stocks for a couple of days now under heavy selling pressure already on wednesday fed chairman general impala hinted that there won't be any more interest rate increase in the united states this year and that especially bad news for big banks and well the federal reserve said it there are signs out that the economy won't be growing as fast in the united states or in europe and that causes this pressure yes court in new york thank you. now to some of the other global business stories making the news right ailing company ober has picked the new york stock exchange for its

i.p.o. the listing is expected to go ahead in april and could value the company as high as one hundred twenty billion dollars making the i.p.o. one of the five biggest of all time also general motors says it will spend three hundred million dollars at its orion plant near detroit creating four hundred jobs the plant will make a new vehicle based on battery powered bolt one point four billion dollars will go into other u.s. plants were three hundred new jobs earlier however g.m. had announced a string of plant closures and over fourteen thousand layoffs budget bag paid its management board members their first bonuses in four years and twenty eightieth's germany's because never had it all just over fifty million euros for the entire top management and one point nine billion euros in total bonuses twenty thousand dogs are posted its first profit in four years. the international monetary fund has sent a team to mozambique to support efforts to help the economy recover in the wake of

devastating cyclone e.j. hundreds of thousands of people have been affected by the disaster which left a trail of destruction across southeast africa hitting some of the poorest countries in the world. i made landfall near mozambique's fourth largest city bear on march fourteenth green devastating winds of one hundred fifty millimeters of rain in a single day rescuers and i'm struggling to bring aid to survivors many stranded on car gaydar and roofs are still contrary the flood zone covers a vast area three thousand square kilometers. the i.m.f. has promised to help mozambique as well as other countries in the region. our solidarity is with the people of moves and beak zimbabwe and malawi in the aftermath of cycling. our condolences go to the families and friends of those affected by this terrible. disaster and an i.m.f. staff team is not in. to evaluate options

for possible i.m.f. support the u.n. calls cycle when you die one of the worst weather related disasters ever to hit the southern hemisphere mozambique is the worst affected country around ninety percent of beara has been damaged or destroyed even the port city affectively an island without power clean water or communications for the desperate residents of beera rebuilding after each diocese an enormous challenge. now in europe a heated debate has been waging over how to deal with content on the internet the european union wants to make providers like facebook or your perspire answerable for copyright violations their users commit on their sites not providers threatening to employ special algorithms so-called upload filters to block users from uploading content containing copyrighted material. who on earth would ban this song from the web.

well you tube might do it for one. if the new e.u. copyright directive comes into force content sharing platforms such as you tube might end up using automatic upload filters to prevent copyrighted songs or photos with registered logos from being posted on social media there are concerns that posts containing users' own cover versions are holiday snaps which would be allowed under the new rules might also be erased by faulty content matching technology and that the filtering software might not recognize humorous posts like me means

critics of the e.u. wide directive say it could end the free exchange of information on the web some fear the new barriers would effectively isolate europe from part of the internet supporters of the measures dismiss such objections as scaremongering they say the new rules will mainly affect a few commercial platforms and they emphasize that the directive addresses a problem that artists have long been unhappy about. that's the thing that the creative community has been demanding for years namely to be paid for content and for content to be licensed is going to happen. but if a viral rendition like this vanished it might leave the web a less friendly. let me show you what that means here's a video a colleague of mine made of his son making called wales now if you listen closely the radio is on in the background and lady gaga is playing so the future of my

friend will support this on our facebook to share it with his family and friends he can't upload it because of the news of him but. thanks for watching and have a great weekend. eighty

percent of americans at some point in our lives will experience hardship. finds. it's time to take stock. plane and face. time here are just such they are not the lead and the fun for the translate. to overcome the counters and cut the lovelady it's time for the to. do wus coming up ahead. lines the lead. up to the new euro max channel. closure good morning start.

with exclusive. the must see concerning startup culture clear of. the before curious minds. do it yourself network or some other so subscribing don't miss. the love. this is d.w. news africa coming up in the next fifteen minutes they humanitarian emergency aid left by side till you die team drinking water is scarce in mozambique where aid is still unable to reach remote regions hit by the storm we'll be talking to somebody in beirut. then the ambitious project to improve life in africa's desert region.