sways like me described as the 15 nations of the 50 story. and 52 very personal tips on berlin's very busy. every week on t.w. . the aircraft subsidy route between the us and e.u. takes off again washington threatens brussels with a tower of some billions of dollars worth of additional european goods. the world is deeply in debt to china we talked to an expert about what that means full global natural stability. and take members meet new b.n. or agree to hold the oil production limits to keep prices high odds that everyone is happy. that's true business to our frets of flying an old erections

the us had just managed to stitch together a truce with china now up in the n.t. against the european union and old to stream to over a craft subsidies the u.s. releasing a new list of goods tariffs worth $4000000000.00 it includes metals cheese cherries and whiskey the distilled spirits council of the united states ones judy's would jeopardize american jobs and consumers the world trade organization has found the 2 biggest plane makers boeing and airbus receive billions of dollars of powerful subsidies it's yet to make a ruling. let's talk about the world's largest they have a corporate trade dispute with matthew mole from our business desk so matthew w t o's taking care of this disputed stake in almost 15 years now trumps taking it into his own hands well last. well that's right basically this is being on for years and

years and years and at the heart of this question was should companies like boeing and their boss began receiving government state subsidies and they had to prove the u.s. that you had to prove that there is a bus and boeing respectively were losing business that it was harming trade and it's taken so long and if part of the reason that these things that there's so much unhappiness with the w t o and so donald trump has said he's waiting for the deputy were to make a final announcement on this but they've released the u.s. and trade representatives released that's less than saying you know incentives if we don't get an answer we're going to impose these trade tariffs immediately both sides are fault here i mean boeing is subsidized by the u.s. air bus by the e.u. should either of these be getting this 8. that's a question that they've they've obviously been battling over for the last 15 years and there are there are. there's mechanisms by which governments can give aid to companies that stimulate development the key the heart of it is whether or not the

aid han's arrival compatriots are you know if you're wanting to do business you've got to have a level playing field and that's all that's been at the heart of the video but obviously there's different ideas of what constitutes the hard thing is to work out who's getting harmed didn't in which country which company and there are a lot of players at stake obviously not just boeing and airbus but doesn't this all cry out for w c over for that's what trumps being trying to get all of law yeah well you don't want to have the w t o hasn't been spared from donald trump smash up approach to the world frankly he said that if they don't shape up he's out and that was threatening to withdraw last year i'm not sure the world frankly in terms of all that 164 members of the deputy you look at the heart of it they're upset that they think it's kind of rigged against the u.s. the u.s. is the biggest economy it's the richest and it should get more of a say but the appeals body is not run like that he thinks that they should have

more judges so that the u.s. wins more of these cases it will take things like this before you. colfer reform as they say with 164 members but even getting the whole visibility yeah exactly back to the tariffs just briefly who's going to hurt most from these additional all these threats of additional 4000000000 dollars in tires well the u.s. futures stop plummets of the debt so the future ship stocks that little and u.s. spirits come so has criticised the times in arms last i said they're going to negatively impacts farmers retailers they they actually a lot of their membership are you based and drinks companies as well they just don't want it the u.s. is obviously. has the e.u. rather his has a nudge them coming to tariffs and earlier this year they're obviously really worried about the u.s. coming off the e.u.

cars which would massively damage economies like germany. if the u.s. starts applying tougher so who suffer more is hard to say but i mean both sides do want to get their i imagine ok the. conflict it's just getting worse and i guess what we need is someone 34 homes on all of these polls and more on this yeah we'll see maybe the w t o will find a full find a resolution hopefully soon as matthew thank you very much for coming in a report reveals china's role as a creditor nation is much greater have been reported in official statistics the rest of the world owed china more than 5 trillion dollars in $27.00 seen the study by germany's killings that you for the world economy says this poses huge risks to global financial stability. kenya's brand new railway linking nairobi and mombasa another infrastructure project with chinese credit behind it compared with china's dominance in world trade its expanding role in global finance is poorly

documented china has exported record amounts of capital to the rest of the world since the mid 20th century the authors of the keil institute report say china's loans to other countries are often shrouded in a passerby many of these financial flows are not picked up in the official statistics reported to the i.m.f. or the world bank from the year 2000 to 2017 the total credits owed to china by other countries including direct loans and investments rose from just over half a percent of world g.d.p. to 10 times that peaking around 6.3 percent in 2016 then leveling out just above 6 percent over the last 2 years. loans from china's state owned banks to developing in emerging countries have multiplied in the last 10 years the collateral offered against these loans is often oil or other natural resources the keil institute says china's hidden outstanding overseas loans pose serious risks for developing

countries some 2 dozen developing nations that have borrowed heavily from china are at exceptional risk of never being able to repay the loans. shipping song is chief economist the d w a s it manages 700000000000 euros in global assets when as much as china of course but what i'd like to know is how much power china does actually wield fun actually. yes china us used the financial resources to influence other countries but on the other side it was a hape of the country especially developing countries to develop the economy this is the intention of china but now obviously some projects properly getting to pick the poor would be exceeding the cup us a financial capacity of some of the countries under this is a what today q.e. institute to sate so trying to be no more than it can chew is becoming a rich through global financial stability do you think i don't think so because

chinese financial markets it's a pretty isolated from the global anti if you look at the bankers who hate to finance these projects they also made them a financial source of some mainly from the domestic and using the government resources what about the money that it's pumping into so many different tech sectors right now it's becoming a leader in many fields isn't that money that's being put to good use yes i would think so this is also the main point movement between the u.s. and china regarding that trade a conflict and that china you know that's not only a central government but also a local government invest a lot into r. and d. research and development and other companies side to us well so china actually at the moment has the highest highest stick with the rate of indeed and that this so far we would just say that's

a successful. is it something the west has to worry about worry about there was a very even state that is setting the standards in fields like artificial intelligence and. facial recognition. the research it's safe it's i think it's a it's not to really identify any of a country and the question is how you would do use of the technology so far in a china and lots of areas are leading and as. mentioned a facial recognition i'm telling the eye of the i.t. sec to us and to these i think as a host should be beneath it but what we need to spoil the environment a friend world how we use that and i don't think that's would be pose any threat to the other countries and if the other western countries and china would call me chip corporate each other and there would be better for the world as a whole sharing song chief economist at the u.s. thank you very much for joining us there from frankfurt thank you opec has agreed

to extend oil production limits for another 9 months the decisions designed to support prices and soak up excess supplies as global demand weakens the cost of brain crude is surging and no no pick nation russia joins the talks which continue today. if you're looking for an insight into the state of the global economy. and the status of geo political relationships the oil industry is a good barometer. because prices are still in danger of falling opec heavyweights saudi arabia and nonmember russia have agreed to extend current production limits for another 9 months. before. everyone supported the proposition to extend for 9 months the limits agreed to in december. opec 14 member countries and its allies like russia account for about half of the

world's crude outputs. benchmark brant crude has climbed more than 25 percent this year after the white house tighten sanctions on opec members iran and venezuela. but prices could see renewed pressure as a slowing global economy squeezes demand and u.s. oil floods the market. our commitment is to balance the market our commitment is to bring down inventories our commitment is also to call our colleagues to do the same. the extension of output cuts are likely to anger us president trump they could lead to higher prices at gas stations something he sees as a threat to his reelection campaign strategy is worsening tensions between the u.s. and iran could also mean the price volatility remains a challenge for oil producing nations. now how's this for blue sky thinking google says the company loon is sending

a load of balloons to its huge supply 4 g. internet to remote villages as you to reach the country in the coming weeks the company is partnering with local area telecom kenya for a trial of the tech it's part of a wider effort to bring connectivity to remote parts of the world by floating networking gear a gray areas where cell towers would be 2 weeks pensive to build. life in business with you. it's.

lucky. it's time to take us to the 1st saw him a tumbler of just such the and the fun for the troops to. talk to over come down troops and cut. the best time for. a new government is coming up ahead. on this. takes good personally.

with the wonderful news that makes the game so special. true for. the become more than a foot long line. part of the cross is the call to save europe in what promises to be the biggest box office hits of the summer. and welcome to arts and culture i'll be talking about the movie with our film guru scott rocks for also coming up. from a flock of drones to floating concrete blocks the dutch studio drift is taking to the scholar. and the book that scandalized german society and then

became an oscar nominated film in our series 100 job and must reach for his perjury . box we begin with a new movie from the most successful franchise of old time provided to us by the malvo universe of comic book heroes the last movie avengers endgame close the chapter with devastating effects and now a new era begins with spider-man far from home. they go in next on a limb no well no i don't have time to do your job. kidding i'm kidding let's keep up to go work because i am going on vacation. he's going on vacation but scott and scott yeah so what's happening i mean i knew it.