2 decades of negotiations and a deal at the end european union american tourists try to strike a trade agreement signaling their push for opening markets at a time of increased protection also coming up leaders of the g. 20 the most important countries of the world meeting japan hoping that an end to the toxic u.s. china trade dispute his insights and italy may have one of the highest unemployment rates in europe but it's also home to one company that could put even more people. are welcome to the program all the future of u.s. china trade ties hangs in the balance at the g. 20 summit europe is blazing ahead on a different. the european union at the south american economic club marcos or have announced they've reached a deal on forming the world's largest free trade zone both sides are hailing the

his story breakthrough after 2 decades of negotiations but the deal is not without its critics. in brazil large areas of amazon rain forest are being destroyed to make way for cattle farms much of the meat is exported to europe. now that the e.u. and south america's mercosur were block have struck a provisional trade deal it could result in higher quotas for b. thank sports to europe. german chancellor angela merkel had pushed strongly for the lucrative agreement she hopes it will give a further boost to german industry for example through car exports i like many e.u. leaders she's looking to multi-lateralism at a time when the u.s. is pulling back from free trade. the draft agreement ends nearly 20 years of negotiations between the e.u. and mecca sewers full members brazil argentina uruguay and then now suspended

venezuela but the deal faces hurdles before it's approved harsh criticism has come from european farmers and environmentalists you have beef adduction brasilia 50 protection in europe so what's the point shipping the same product of atlantic business office point the 2nd one is that cows in europe affect the fed a lot of soy which is troll in pharma areas that amazon was bare so you have different stations. brazilian presidential you're both so narrow has lauded the deal but there are concerns that he could make good his threat of pulling out of the paris climate accord and then even more rain forest could be destroyed to push exports of beef and soybeans. it's crunch time and all suck up leaders have started their talks on global trade foreign policy and climate change at the g. 20 summit the most anticipated and counter will take place on saturday when u.s.

president trump sits down face to face with chinese president xi many are pinning their hopes on this meeting to finally end the 2 sides bitter trade dispute that is increasingly taking its toll on the global economy. as global leaders in the world's biggest and fastest expanding economies gathered no saka for a g. 20 family photograph the group mostly men mostly wearing suits it was all business . as a day every g 20 summit there were plenty of cordial greetings in a move that could easily xyzzy in financial markets u.s. president donald trump and china's president xi jinping shook hands. the trade dispute between the world's 2 largest economies is uppermost on everyone's mind. it's a cloud hanging over the g 20 meeting. trump's america 1st trade policy is causing particular headaches for the export reliant brics countries. china russia brazil india and south africa. under these conditions it

seems the brics states should take the initiative in shaping a more equitable and sustainable model of global development based on the principles of equality respect for sovereignty and taking into account the interests of all countries. 16. laser japan shinzo a host a dinner for the leaders including trump and she they are due to meet on saturday to see if they can resolve their. trade conflict. poppy raised his glass to a successful summit on the leaders enjoyed some traditional japanese theatre a breakthrough on fixing the global trade issue would be truly dramatic. let's get a quick check on financial markets shares of tech company apple have been under pressure after long time designs heave jony ive announced that he's leaving the

british born designer has been behind the look and feel of some of the tech giants most iconic products not only the popular colorful i.m.f. computers from the 1990 s. but also the i pod i phone and i pad apple says i have is setting up his own company for more of the story let's bring in you have scored our man on wall street yes how will this departure impact a company whose entire marketing strategy is based on the unique design of its products. yes johnny i was crucial to bring back apple in the ninety's from near bankruptcy and well as you're hinting the devices if you look for example of smart phones the i phone or the samsung devices for example are not that much different if you look at what those devices can do so design is king in that regard to but since 2010 was the introduction of the

i pad apple did not really have a new killer device and the decision still that johnny ive is leaving the company is a clear sign that f.l. is not so much for posting anymore on hardware but services that is supposed to be key for apple future but analysts on wall street are a bit concerned that johnny ife is starting his own company and leaving apple even if you claims that he will still work closely together it was his former company yes thanks for now we'll come back to you in a moment overall wall street wrapped up the best june in decades also thanks to a boost from banks financial stocks were among the big winners in friday's trading session earlier the federal reserve announced that 16 banks including j.p. morgan bank of america and even beleaguered doj bank cleared the fed's annual

stress test and spec to you in new york a good news for major banks and they're already making the most of this announcement. yeah you can definitely say so we already got major announcements for dividends and also for share buybacks in the billions goldman sachs for example is announcing it to increase the quarterly dividend by almost 50 percent and you could clearly see that here on wall street and the dow jones industrial average for instance goldman sachs j.p. morgan being the leader of the pack and talking about the pick now we did finish not just the months not just the quarter but also the 1st half of the year and the s. and p. $500.00 in the 1st 6 months of $29000.00 gained about 17 percent and with that it's the best 1st half year on wall street since 1997 so in more than 20 years so now

the hope is that all will go well with trade talks in japan and that also that the federal reserve will cut interest rates by the end of july and go to new york thank you. now does some of the other global business stories making the news that you bank could slash as many as 20000 jobs in an effort to stay afloat more than 20 percent of its global workforce that's according to the wall street journal see ocus and saving has been telegraphing deep cuts but has yet to give numbers profits and share value have plummeted in recent years lego may already own the rights to sell the london eye as a toy but now lego's parent company is going to buy the real will lego owner kirkby will take over britain's merlin entertainment marilyn also owns madame tussauds kirkby will combine forces with the us privately private equity who brags blackstone and a canadian pension fund together they'll pay $5600000000.00 euros german investment

firm tenner is buying is stake in bundesliga club have to believe in $425000000.00 euros the deal is said to be the biggest the german leagues history 10 or had last been tossed said he believes the big city club can make more money at officials say they'll use the funding to invest in players. italy has one of the highest unemployment rates in the european union so it is perhaps ironic that one italian company is leading the way in creating technology to replace human workers but it insists it's a force for good in the jobs market. in an ever more automated world putting things into boxes says one of the jobs thought to still require the dexterity of human hands. but even that is changing thanks in no small part to c.m.c. the family run business in the italian town of she tired to cuss teller it supplies some of the biggest players in internet shopping with fully automated packing machines and he's making good money out of it we double our over the last few years

and i think we've been double again next week you see m.c.s. biggest seller is this a system that measures goods as they come down the conveyor belt and sizes the boxes accordingly the company and its $300.00 staff produce 5 or 6 machines a month its management denies the technology could drive up unemployment by removing low skilled jobs from the market to the mission the people that work in the mission and the quality of the war will be much better if there is to be. without reason wal-mart gucci and french retailer le claire all using its machines c.m.c. has this corner of the automated market for wrapped up. and that wraps up our program if you want more check out the w dot com slash business or follow us on facebook or

twitter and roland thanks for watching here's a quick look at how global markets are trading after south africa. the to. the for.

climate change the sustainability. environmental. effect biodiversity species conservation exploitation the quality. displacement told the global local art. 3000. takes a person away. with a little blunder few months to make the game so special. for all true for. the become more than a foot long line. so if you have to get through the bundesliga break without a football thanks again. the ones who cut

costs least 6. emotion not suck up. to 29000 lives. the goalposts the results on d.w.p. . costs. this is state of the news africa coming up in the next 15 minutes the place where there's no space for criticism human rights watch says that taste is one from one woman who says she's made a big sacrifices to deepen the political debate in the country and will keep doing so. and an unprecedented role see it in south africa a community living.