as a nation as a sport and think being part of a lympics mike had other than a commercial. claim credible show you're watching it do you have any news coming out next is date of any business with my colleague stephen vance lee well have more headlines for you at the top of the hour i'm rebecca races in that and thanks very much for watching. to. come to bobbie.

pop star grills against corruption highlights dot. com despite coming from a poor family to become president. she challenges america does. credible story of the wind. starts december 10th on g.w. . is a deal to be done companies in the u.k. and europe brace says boris johnson heads to brussels for last minute trade negotiations with the e.u. at stake are businesses and jobs on both sides of the channel. among them french fishermen we'll take a look at how one village stands to be affected if the e.u. loses access to british waters. and they're called black diamonds for

a good reason french pair of war truffles usually demand top prices around this time of year the pandemic is changing that. book welcome to the show i'm stephen beardsley in berlin well with britain and the e.u. still wrangling over trade terms the prospect of a damaging no deal brags it is getting ever closer and the 2 sides need to come to an agreement before january the 1st otherwise from that day onward tariffs will have to be paid on goods entering the u.k. from the e.u. and the other way around so what's at stake the world trade organization puts the figure at 3 point one percent for customs tariffs from the e.u. to the u.k. from the u.k. to the e.u. 3.3 percent and that's not all certain types of products could have much higher duties beginning next year cars and agricultural goods could be as high as 13 percent on milk as much as 36 percent and with the economies on both sides of the channel suffering already to the coronavirus crisis neither one spreads it to

happen without a deal. now for more on this i'm joined by the hartman she's managing director of the british chamber of commerce in germany welcome to the show it's good to have you is it fair to say that businesses on both sides of the channel are now bracing for a no trade deal but 1st of all good morning and i don't think they have bracing for it but they're bracing for the decision you know it's always good to be able to prepare the scenarios and not be able to prepare anything. why is that uncertainty is so bad for business as we use this phrase a phrase a lot but can you explain in concrete terms what what businesses need why they need certainty so badly. well as i said if you are unprepared you don't know you can make it come to your nation you know it we're going to get terrorists or not you need to calculate your goods and that can be if you break us sometimes you know especially for small and medium sized enterprises where we have small margin

sometimes and they need to know that they can. trade in january and be profitable they mention those small margins being make or break for some businesses does that mean that without a trade deal we might see some of these businesses go out of business frankly once these tariffs come into place well unfortunately this might be the case and that would be very very unhappy that because small and medium sized enterprises are always the backbone off an economy and they make trade. richa but not all of them will be able to take a higher cost and this is not only terrorists this is also i administration direct prosy and other things what are you telling your organizations right now to prepare them for what's coming. when there are some some things that we know if we have a deal and to depart different initial training from the u.k.

has we need to put out some great information so we tell them to prepare as quickly as possible to check their contracts to check the supply chain to check the passports of the stuff cross courts to make sure they have a customs agent and they can prepare customs documents to have feet be able to allude to have that protection or 2 to have the free flow off the task as much as possible we know we have custom so they can prepare for customs. bureaucracy but we don't know if we're going to have terrorists on top of it prepare prepare prepare that all right ok hartmann is managing director of the british chamber of commerce in germany thank you very much thank you. for more on this let's bring in our financial correspondent frank for chelsea delaney chelsea good morning we just spoke to a hartman with the british chamber of commerce in germany she says uncertainty is what she's hearing it's not good for businesses is that weighing on the markets are

we seeing that. even after 4 and a half years of negotiations over bracks that and less are still aren't quite prepared for a no deal scenario we have seen these these talks the uncertainty weighing on british markets in particular for example the british pound has been very volatile over the past couple of days as well as british stocks haven't really experienced the same sort of rally that the rest of global markets have been seeing but many investors had really hoped that we would be seeing a deal by now many had basically been betting on deal scenario by the end of the year so it would be a major shock to markets if we don't see a deal coming out of these negotiations some analysts believe that the british pound and the euro could reach parity so a $1.00 to $1.00 ratio that's something that's never happened and what we're wired the pound to fall about 10 percent more by that from where it is right now that's

after it's already lost about 20 percent of its value since before the press at negotiation so it has had a bit of an impact on the markets but if we don't see a deal scenario there's going to be a much bigger shakeout in markets for american supposed to watch watching those negotiations just like we are chelsea delaney in frankfurt thank you very much wolf fishing rights have turned into one of the sticking points of those drugs the trade negotiations and the industry itself represents a small sliver of the economies of both sides and yet it has a certain emotional resonance especially in places like blown so many french fishing village depends on access to british waters without which $5000.00 jobs are at stake. meter by meter these french fishermen slowly unfurled their nets into the water. on the bridge captain model a steers the sun jump through the english channel. throw

the nets out at 9 50 am at around 1250 we haul them back in a. mug or lays on the waters near colorway there's a lot going on in the english channel not just fishing boats freighters are also crisscrossing the waters here and this is the shortest stretch of sea between the u.k. and continental europe. the fishermen pull in the nets hauling in swarms of fresh catch. every few hours they repeat the procedure around the clock it's hard work. the fishermen catch around a ton a day all of which gets sorted below deck. to stand out and this is a herring and that's a squid this goes for $0.30 and that for 7 euro's so of course we want to catch

those and then to see. the fishermen often find themselves in british waters because there are so many fish there almost half their catch comes from the english channel if the e.u. and the u.k. fail to secure a briggs a deal for fishing rights it will be all over fishing in british waters could become illegal the french fisherman's livelihoods would be on the line of if the value of a terrible week go out regularly in fish in british waters that would be a disaster for us to be honest. at 2 am the ship returns to the harbor captain marvel a make several short trips a week to boulogne sumedha to offload his catch. today their 1st in line the fishermen. a run short with the future will bring. britain is an island it's in same how much coastline they have compared to that france has hardly any at all. in mongolia uses

a crane to lift his catch ashore just as he does fishermen from. have been trawling the channel for generations. without a briggs it work for these french fishermen could very well dry up. let's take a look at some of the other business stories making news. on kong has seen its biggest i.p.o. this year shares of j.p. health soared on their stock market debut surging 34 percent above the issue prize the company's the health care arm of chinese e-commerce giant jakey dot com which will retain a majority stake. japan has announced new economic stimulus worth over $700000000000.00 package aims to cushion the blow from covert $1000.00 assists changes in the economy and boost productivity through digitalisation japan has already deployed a combined 2.2 trillion dollars in response to the coronavirus crisis. a 2nd

us judge has blocked restrictions on the popular video sharing app tick-tock that would have effectively banned it in the country the judge said the commerce department's moves were likely illegal washington fears the chinese own could be used to gather data on u.s. citizens something that tick tocks owner denies. well they're known as black diamonds and they're about as expensive black perigord truffles are a french delicacy that draw buyers from around the country and the world but they are cheap traditionally costing hundreds of euro's per kilogram and now the pandemic and the closure of russia. pushing those prices down. the town of brown term isn't as familiar to foodies as other namesake places in southwestern france like bordeaux or cognac but it does have a tasty speciality the black perigord truffle they can fetch hundreds of euros per kilo but the lack of restaurant trade due to the pandemic has put pressure on prices. in uganda i used to sell

a lot to restaurant owners but this is going to hurt us maybe that's why it's going to break the prices to today i sold them for $550.00 euros per kilo but last year or sold them for $650.00 euros here. trying out the wares is also different this year normally potential customers can have a good sniff of the product to see if it's fresh but hygiene restrictions have rule that out. on them but you were a bit worried that we don't have the right to smell them to start with so we only touch them we have to change gloves for each person. the weekly winter market is going ahead with fewer stalls this year at this early part of the season it's not a problem but as the harvest picks up many vendors are going to struggle to sell this season's crop at least the stallholders can hope for an uptick in home truffle cooking and reassure themselves that by this time next year everything should be

back to normal. and finally big news in the music world universal music group publishing arm has bought bob dylan's entire back had a log of more than 600 songs the value of owning music rights has soared in music years due to this big spread of the success of streaming platforms such as spotify the financial times is universal may have paid dylan into the billions for the collection but as you would say don't think twice it's alright. that's it for me and the business team here blent to check us out alive dot com slash business also facebook and twitter thanks. to.

the flock. in australia on the brink of extinction. thousands were killed by devastating misfires. and surviving animals are staring into the eyes of their catastrophe. after the inferno the battle to save australia's. close up.

2 in the light of climate change. africa's most of. what's in store for him is going to come for the future. coming for the major cities to go to inside cool counter i asks.