we're going to have some climate impacts which are greater. it's really frightening. why aren't people more concerned. to first. get. the u.s. fed sticks to its patient approach it keeps its key interest rates unchanged to define the will of the u.s. prison donald trump who insists a rate cut would boost the u.s. economy. also on the show will there be a breaks it won't there and what will happen if there is one well we'll see how the

uncertainty affects people in the fall reaches of the new you. alone welcome to your business i want to get jones in berlin good to have you with us i was starting in the united states with the federal reserve held onto the status quo and left the key interest rate unchanged in what it called a patient approach amid conflicting signals in the u.s. economy the fed has been criticized by u.s. president donald trump who says a rate cut would be better for the economy meanwhile the u.s. private sector added two hundred seventy five thousand jobs in april more than the market expected but analysts warn that the robots figure could be overstating the economy's strengths. well let's bring in. they are financially correspondent in frankfurt so the fed keeps interest rates on changed is that a sign of indecision in the in the face of mixed u.s.

economic data. well monica it's more a sign of uncertain outlook and the fact that there is some underlying weakness that the fed is looking at but more than that it points to the precarious situation the fed find itself in i mean it's between a rock and a hard place where if it wants to increase the interest rate then it would be c ignoring the sluggish inflation and if it wants to actually cut down the dress trade then it would be seen as backing down the political pressure and also the fact that it would send a wrong message to investors who feel would get spooked about the health of the u.s. economy so clearly it's a precarious position that the fed is in at this point of time ok so they don't want to succumb to political pressure but the u.s. president certainly says he would like to see rates cut by one percent to help the u.s. economy go up like a rocket he says and he also adds the current low inflation in the u.s.

would be setting major records is this something to that. well a low inflation that is one point six percent in march well below the two percent that fed set itself as a target is definitely a cause of concern and specially when the job numbers are not that what unemployment is very low the wages are growing and that has actually perplexed the economists as to why the why is it so inflation a sense of sluggish having said that what what. president trump is saying is largely political because i mean he wants his most of his tax breaks to feel to i mean now the effects of them are largely over by now and as the former chairman of the fed once said that politicians don't ask them to actually increasing interest rates interest rates ever all right stay with me i have one more piece of news that i'd like to discuss with you folks logons car sales fell in the first quarter of

this year the german comic who delivered two point six million vehicles to customers worldwide that's a drop of almost three percent compared to the same period last year meanwhile profit fell to three point nine billion euros in keeping with analyst expectations along with the sale struck the company has also set aside one billion euros for legal issues even so v.w. says it remains on course to meet its forecasts for the year as a whole overall it expects to see higher sales and increase turnover in twenty nineteen than last year. so as it has a very briefly how is all that going to own where you are. well investors are buying seeing it as a positive. to open one point five percent higher this morning that's because the operating profit despite falling down is in the line is not as high as some of its competition some of what folks wagons competition. saw in the previous quarter and

also the revenues at sixty billion euros was higher than expected but folks are going to set aside the one billion that you mention and there is no clarity as to what that could be for whether it's to do with more libel it is coming out of the diesel gate or is it to do with the e.u. antitrust proceedings against german carmakers so we're still waiting for clarity on that but certainly one billion on the side for a rainy day they're reporting from frankfurt thank you so much. know all prices have been rising this year and relief doesn't look likely the u.s. is tough stance on iran is also doing little to help supplies of the rainy and oil who have been exempted from u.s. sanctions through a waiver program have just lost their special status. the first of may marks the end of waivers for iran's eight biggest oil customers and this spells trouble for you ran the country's currency the rio has already lost two thirds of its value

against the u.s. dollar in twenty nineteen and the i.m.f. that the economy would shrink six percent this year before the latest u.s. restriction will surprise you run says it's determined to continue selling its oil . it's just that nobody can push iran out of the market even the us the biggest of them can't do that they are nothing you know using the us says it is working with saudi arabia and the united arab emirates countries that could raise production to fill the gap left by your brain and oil but traders are still worried experts say oil prices could continue rising. of the latest round of u.s. china talks wrapped up in beijing on wednesday with u.s. treasury secretary steven minucci and calling the meetings productive in a tweet coinciding with those high level talks china took another step in opening its forty four trillion dollar financial sector to the world announcing plans to remove limits on ownership and local banks and scrap size requirements for foreign

firms that operate on shore the white house has ramped up pressure to reach a trade deal with china in the next two weeks warning that the u.s. is prepared to walk away from. a modest press of or to our studio in taipei where william young is keeping an eye on those trade talks for a way in china and the u.s. concluded those latest talks now yesterday what's the latest development. yes monica so sources have already hinted that an agreement an announcement of the u.s. china trade deal could happen during next week's trade talks in washington additionally media reports have suggested that china and the u.s. have already agreed on how to enforce that agreement however the details of how that would be real while will still be decided during next week straight talk and how do experts in china think about the prospect of both sides agreeing on

a final deal in the coming weeks isn't likely. yeah so the chinese experts think that right now the remaining issues in the ongoing trade talk is actually not that hard to resolve for china in the u.s. however the u.s. did still want to keep some of the tariffs and so the question now is which terrorists to remove the u.s. is likely to keep the tariffs on high tech products from china while china well probably keep the tariffs on american i recall products so if that's the case then that would be a big blow to u.s. trade interests all right william young there reporting for us from the studio in taipei keeping an eye on the u.s. china trade talks thank you so much to break that now which has for the time being been postponed but no one really knows what's going to happen and when it's going to happen if it's going to happen will britain leave with a deal or without

a deal or will it remain in the e.u. after all well all this uncertainty already prompted big names in business to lower activity or pull out altogether but how do e.u. citizens cope well here's a report now about the brics its impact on young bulgarians. this is pari garion folk dance which ten year to savor teaches. here in a southern town of slot to a crowd every young person learns this dance even though most see their future house where. young people are leaving the term either still in so feel good of holland or london hardly anyone comes back. it's not too proud of his beauty and quiet but not much else danniella to save as is only son went to london several years ago. the trained actor works that as a korea that threatens me personally i've been here so long i have

a national insurance number and pay everything i'm supposed to the b.b.c. says people who've been here a long time will be allowed to stay so. many in vogue area fear a heart breaks it around two hundred thousand garion send tens of millions of euros home from the u.k. each year heartbreaks it might put an end to that humans do they prefer to go to another country isn't back to bulgaria because even though wages have risen here relatively quickly they're still not comparable to what's paid elsewhere for low qualified jobs. to support but it isn't good danniella to say there isn't the only one instructor grad with a child in the u.k. have french new no worries for her son he's battling with life in london she says dealing with the red tape so he can stay despite bracks it both sons send the money

there an instant suffice it's a necessary separation is a member of course i'd prefer it if he lived here he loves it here but not to work he wouldn't work for two hundred fifty euros no young person does that. slatter grad seems likely to remain a town without young people even if banks it forces many bulgarians to leave the u k. well thanks on drowning too smoothly for some british citizens either even or especially those in the government britain's defense secretary given williams has been fired over allegedly leaking information to the press about chinese tech giants sure way he said to have revealed details on a national security council discussion regarding he always participation in the u.k.'s five g. network williams m denies the allegations of ministers sacking comes amid

a discussion across many countries as to whether working with the chinese tech supplier could share in cyber security risks the company was founded by a chinese military officer that has close ties to china's government. and as you business update here in g.w. for now we'll be back with the latest two hours from now until then you can check out the latest used online or you follow us on facebook and twitter for me and the teen and for now thanks for keeping us company.

what secrets lie behind these me. find an immersive experience and explore a fascinating cultural heritage sites. w. world heritage three sixty. i was issued when i arrived here i slept with people in a room. it was hard. i even got white hair.

learning the german language and now i'm off this keeps me and clear the bunch neatly to interrupt it's the same thing you want to do their story. writing and information for margaret. hello on a warm welcome to this special edition of ops and culture. special because we have just one topic today and that's this city for decades berlin as being a mecca for offers from all over the world west berlin when it was surrounded by a wall and since that will file nine hundred eighty nine even more musicians artists filmmakers etc have made their way here but is the rush over in still a mecca for the arts but it's all subject to day. so has become too expensive and too cool for many struggling artists of lots of the studios all

rehearsal rooms to soaring rents all predatory developers here's a clip from a documentary about two artists who left but eventually returned. is a multimedia artist from the united states her husband alexander is best known as the basis for the band. this film shows how they came to a point where they felt they couldn't breathe and brylin anymore. we blew out how wolves by giving up our house. we left lean back then because in two thousand and ten he had arrived at a point in its development.