this race like any rights is 50 nations 50 story. and 50 very personal tips on berlin's very. good now liberal and every week on t.w. . tariffs comes a tiresome knob blacklists to come pick in the us and china is heating up for ratings this presidential years might not be willing to meet us plans in late june while u.s. companies worry they might find themselves blacklisted by china. insect investment company is hoping for the juicy profits from insect based alamo seed cannot replace soybeans and fish. this is the new business live from. as welcome

inflation in china rose to its highest level in more than a year in may official data showed wednesday even though domestic demand is still suffering due to the ongoing trade dispute between the u.s. and china both sides appear to be deadlocked tariffs count arabs and the dispute over one way seem to move a compromise in the trade dispute into the distant future. the threat is out there from 200000000000 customs duties on chinese goods are expected to rise soon to 600000000000 trump actually wanted to force the chinese to make concessions and then he even looks like tensions were winning with trump talking about meeting chinese president xi jinping in june but a us radio station said chinese authorities aren't interested in meeting the us president when trump heard that he switched rate into attack mode at the g 20 were expected to meet and if we do that's fine it we don't is try look from our

standpoint the best deal we could have is 25 percent on $600000000.00 ok and then those companies are going to move into other locations and they're going to send the and it will be a calf you know our business people in this country a very sophisticated a very good if a product in price goes up in price they go to vietnam or they go to one of many other countries or they make the product in the united states which is my favorite but that's what will happen. the chinese are ratcheting up the pressure the ministry of economic affairs says beijing will soon publish a blacklist of u.s. companies that will no longer be allowed to do business with china. it's balsall blacklist with our correspondents in taipei so china said it would launch its own unreliable entity lists who can expect to find themselves on that list. all chinese commerce ministry spokesman told reporters that the process of drawing

up the list was underway he said no company or industry is being talk at it and he stressed that companies that buy chinese lost or contractual spears tolling in warri but we know now china is investigating fed ex after it diverted to hallways packages to the united states and we can probably guess from the companies that comply with the u.s. government to block walk away like intel facebook and google and non-u.s. suppliers that have stopped to supply into huawei such as panasonic and toshiba but no matter who is on the list china has and said what action it would take against these companies on the list for much of india there are media reports from the u.s. now that the chinese might cancel the meeting with donald trump in japan led to this month although you hearing what beijing

hasn't formally come from any plans or provide any details of the meetings on the stylised of the g 20 but according to authorities who were briefed on the ranjan and told chinese media that the widely anticipated meeting could be a face to face negotiation over dinner instead of just a quick hand shake or a simple chat. of course that people are still talking about whether this summit or this meeting would be a replay of the summit in argentina last december but even if the 2 minutes scheduled it could probably only lead to the progress to the trade deal it doesn't seem like the venue for a definite of agreement so once we thank you very much. and now to some of the other business stories making headlines this morning. 10 state attorney generals have filed a federal lawsuit to block teen mobile's $26.00 and a half $1000000000.00 takeover bid for sprint that by the country's top lawyers

from new york and california they say consumers will be harmed by the merger especially low income groups analysts say the move is meant to head off still pending approval from the justice department. so vive us and relatives of the victims of london's grand felt tower fire have filed suit against 3 u.s. companies in philadelphia $72.00 people died in the $27000.00 disaster lawsuit names companies like whirlpool which made the refrigerator believed to have started the fire cases also against our comic and cell attacks which made cladding an insulation that are alleged to have helped the flames to spread. a new study by a consultancy e wife says the revenues of germany's top companies increased by only 1.2 percent on average while their counterparts in the us of asia have grown by more than 10 percent a year only $44.00 of the world's top $1000.00 from are based in germany. it's

turkey's central bank is set to hold a contentious meeting later today trying to find the right way to stabilize the country's currency the lira as well as its struggling economy leading up to the meeting many economists have asked for high interest rates to rein in galloping inflation others including turkish president rest of time out of one want lower interest rates to stimulate economic growth in a simple election and is stumble about to be repeated in the country in political turmoil many inspect the central bank to sit tight for now and not move interest rates at all until at least a months from now. so turkey central bank had a major policy decision that would have bought some fun for us can we expect that. sitting tight doesn't seem like a bad option because the other options are quite drastic and if they are to be

considered vinson moves they would have to be drastic and both options that the central bank has the major options are dangerous ones you just mentioned that there is a connection with the united states if the united states soon perhaps in july decides to lower interest rates then the spread between u.s. interest rates and the interest rates in turkey will increase even further exasperating position for the turkish people and for the turkish central banks at the moment the central bank rate in turkey is a 24 percent you hear right 24 percent and inflation is at 20 percent a huge number it's a huge problem while the economy is doing very badly and the people are suffering if you want to get a loan for example to buy a car you have to pay 33 percent interest that's hugely more than in other countries and it's stifling the economy so the central bank in order to alleviate

in some way the situation has this has to decide is it going to put pressure. inflation and prop up the currency and alleviate that then it has to drastically raise interest rates doesn't want to alleviate the problems of the people short term and it has to drastically lower interest rates so postponing until the u.s. decides seems like a good option for the moment well another one is putting pressure on it on his central bank the turkish is that right is not the only one fighting political pressure is that a bit of a trend right now. that is we just talked about donald trump in the program that wasn't the topic of our report but he's attempted several times to induce the fed to lower interest rates or stop raising interest rates in order to help his economy has market of course making for the american people he says but is not the only one in japan and china there's huge pressure on the central banks to do the

government's spending and it's not convincing and convincing central bank policy is an independent one that convinces the markets basically the most efficient one in the end it's a problem out there and not just for those banks that i mentioned. live on some fronts for thank you. the farmers usually struggle to keep the bugs off their crops but at a major new facility in the netherlands insects of the crop the onus of farm insects full use an alternative protein for animal feed to replace environmentally damaging traditional feeds like soybeans of fish. to the squeamish it's really disgusting the dutch king will of alexander seen here in the middle was only too pleased to get stuck in it this major new insect farm place to the belgian border kartik says facilities thought to be one of the biggest in the world dedicated to producing bugs for animal feed. this chicken layer hens they all eat insects and

a new technology that we bring to market and the new product that we bring to market is into. really new to the world some call it alternative protein we call it actually the original protein because nature actually has defined it already the 45000000 your a facility produces the protein from the law of a of the black soldier flight known for its rapid growth they're raised on a diet of plant trees an artificial light during harvest season the larvae is washed and ground down into a paste ready for sale is pet food or even fertilizer that's because in europe at least the protein can't be given to anything that will eventually end up on anyone's plate e.u. law prevents proteins from animals being fed to other animals destined for human consumption a hangover from mad cow disease the pretext says that's outdated and in the long run that project is a boon for the environment. we say fish from the sea because we can replace fish

meal or we could glaze land use. that was otherwise being used for soil production so all of biodiversity level we have impacts and on a resource level we have impact so that's why pro takes remains committed to its goal of creeping its way into the human food chain. tesla c.e.o. elon musk has assured investors that there is still demand for its his company's cars despite a reduction in tax credits available to us customers and they will shareholders meeting he said sales was still brisk despite the higher price tag he also said tesla will settle on a location for a european factory by the end of the announcement went over well with investors they rejected new rules that would have limited must spark. great britain is said to become the 1st major economy to set legally binding emission targets as part of its effort to become carbon neutral by 2058 in the

government statement on tuesday evening prime minister to resign may set achieving the goal was crucial for. the protection of the plots. will be put before parliament on wednesday at the new targets london is hoping to inspire other countries she follows. well that's it from me on the business team here and the. news and background on the website of. dot com slash business thank you very much for tuning in to do.

as long as. you know the banks. and to watch the language of the bank money. speaking the truth. that matters. for minds. i'm not laughing at the debt i just sometimes i am but i said nothing which is that the german thinks deep into the german culture of looking at the stereotype

question that is think the future of the country that i know not. i'm. prepared for this drama day out to me because it's all that good ok. i'm rachel join me from the general fund you. post. a very warm welcome to arts and culture today a photographer who trains his lens on those fighting to save our oceans also coming up the unique festival in australia combining the arts technology and society. and a composer who gets her inspiration from nothing more than a chair. but we begin with

german photographer your coal vest who was living the high life 1st as a male model and then as a top fashion photographer until 8 years ago when he was asked to photograph his holiness the dalai lama joining his visit to germany getting to know him best promised a visit to bret and highlight the problems facing the country then he went on to the amazon to help indigenous tribes that and now he's using his photographic skills to promote heroes of the sea. environmental photographer york his project draws attention to the strength of our oceans which shocking results. this is not an island but a mountain of plastic off haiti doesn't alter the time these are places of total pollution were the beaches have been destroyed where people live in total misery mentioning.