before you surprise yourself with what is possible who is medical really what moves her and want. to talk to people who followed her along the way admirers and critics alike now as the world's most powerful woman shaking her legacy join us from eccles last hour. and they're still talking brothels in london decided to ignore sunday's deadline and instead to keep on running over a trade deal as time is running short meanwhile german retailers prepared to go into lockdown this time many of them could be shutting down good. and as germany tries to diversify its energy supply construction of the country's 1st l. and g. port terminal gets underway. welcome to do business i want to get johnsonville in

the to have you with us well the british pound rallied against rival currencies this morning after britain and the e.u. agreed to yet again extend to breaks a trade talks to avoid a no deal breaks it come january 1st at the pound reaching $1.33 a trading and it also was gaining against the euro so the 2 sides pushed past their sunday deadline to announce the negotiators would go back to work regulations and fishing rights remain key issues both sides face new trade tariffs should a deal fall through. and if i'm counting correctly we're talking about 10 days to christmas 17 days to new year's eve we still haven't got a clue what the relationship between britain and the e.u. will look like well for more i'm joined by maria de americas is deputy director at bruegel a brussels based economic think tank good to have you with us so what do you think

businesses especially businesses should prepare for. well i think 2 obvious things in assessed runnings say to you so there will be any queues ours the borders close that they're on the fence in january so there will be delays you have to really both in receiving as well as in sending things from the u.k. and the 2nd one is sort of the costs that of course is a function of what the talks will deliver so we don't know exactly what the cost will be and then you cos if you like at all for having to trade with the u.k. but queues and costs i think that would be snus assessed would expect all of us in general but of course we know that the main sticking points they have been the same for for ever it seems fishing level playing field how to sell future disputes what needs to happen in these last few days for those issues to be resolved. well i mean i think a very surreal one sticking point in my view is that something that we have seen now these 3 shoes being repeatedly i discussed here in brussels and in london but i think the most important one is how far the u.k.

will be prepared to accept that the one have the liberty that is seeking for when we decide say how much tires to charge or indeed regulations this is what i think the sticking point is that you can left the u.n. in order to what it clearly called regain. its summer dates and you proceed to decide whatever way you want the site but i think they you he's going to want reassurances that he's not going to engage in competitive policies that will damage the economic the economic welfare of the u. and that's the level playing field argument that we've summarized as such and i think that is really the sticking point where i believe they you is going to bill is going to pay very hard full so that it's going to require that you can sort of fire rethinking this and and i think that's the difficult part that is not so easy to resolve and i mean the clock is ticking and whatever deal if there is one needs to be ratified is the time. well i think we've recently

i assume that there won't be a deal now that will be something that doesn't even resemble the other will be some sort of an agreement but not really a deal. become hoping it will be one but i think really to assume that they want if there were to be won i think both the u.k. parliament as well as the e.u. parliament are on what they call christmas standby which means that if they have to have an emergency talk they will have it so i don't think that will be that will be the problem but i think the issue is that whatever we get is not going to be the last what i hope it is the 1st word but i think we don't even have that yet ok varia demand is that deputy director to burgle thank you so much thank you. well germany is going into a hot lockdown to curb the number of coronavirus infections nonessential shops will close for the remaining christmas season and well into january the german government has pledged aid for effective businesses but retailers warn that many of

them may never open shop again. this berlin toy shop is a hot tip for anyone looking for creative games the store has it all from books to chemistry sets to haue made soft toys but from this wednesday the shop has to close and the owners are annoyed. and then not once yes indeed i of course it makes me angry they're cutting us off right at our busiest time of year a time we spent a whole year preparing for that because i think they could have gone into lockdown in october to make sure we could have the shops open no during these 2 weeks get the life in the inside before you leave office and often. in the state of saxony moishe ups are required to close on monday 2 days earlier than the federal deadline entrepreneur marts hits or is packing up his wares mulled wine and traditional christmas decorations from the out some antonyms just 2 weeks ago he opened his christmas store in downtown dresden as an alternative to the christmas market which

is being counseled. if the course of the people of dresden loved it so having to close it again is particularly bitter with what it is almost but the. government has introduced 8 of over $11000000000.00 euros each month in which the stores are forced to close. retailers can get a percentage of their fixed costs like rent electricity and loan repayments reimbursed. the payouts are up to a half a 1000000 euros per store. the german retail association says the aid is not enough it is worried about a wave of bankruptcies and the loss of 250000 jobs in inner city retail in this scenario every 2nd job in the sector would be lost. well for more on the economic fallout of yet another knock down let's bring in chelsea delaney at the frankfurt stock exchange chelsea good to see you so the german economy minister

today said that retailers need help when will they get it. well that's of course the major question a major concern for these businesses we did hear from the finance minister yesterday olof that he is planning an 11000000000 euro support package for these retailers but there are still a lot of open questions about how the 11000000000 would be structured and when it would come he said that he wants to reimburse about 90 percent of fixed costs for these businesses but we've seen over the past month that. restaurants and bars that were closed in november and have been promised this a similar package of aid they've actually not gotten that money yet they are expected to get it until january so there have been a lot of delays in support for for in the companies that have been impacted in this all of course comes at a terrible time many retailers are expected to lose hundreds of thousands of dollars this year and the entire industry could see sales down about 60 percent

from the previous year so i mean you're below and very briefly chelsea are we looking at germany plunging into recession. the economy minister seems quite confident that germany will avoid a nother big recession but i think investors and economists are a little more skeptical of now we're looking at a major portion of the economy being shut down to really the only thing that's supporting the economy right now is the industrial sector and it's unclear how long that boost will last chance to do they need from the to thank you so much. and to some of the other global business stories making news. business sentiment in japan is improving that's according to a new quarterly survey results were positive in all categories including manufacturing and non-manufacturing as well as large and small companies the survey results beat forecasts and follow a recent recession driven by the pandemic. german biotech cure back has begun

and rolling participants in the next trial phase for its covert 916 candidate 35000 individuals across europe and latin america are expected to participate q of act has received funding from germany and the e.u. brussels has a contract for up to 405000000 doses of the vaccine. all prizes faced the added pressure on monday after a shipping firm suggested an explosion on one of its vessels off the coast of saudi arabia was due to an attack singapore based shipping company said the vessel at anchor in jeddah was hit from an external source. while not oil but l.n.g. or liquefied natural gas imports from the u.s. have increased substantially in the e.u. in recent years right now europe has $34.00 l. and g.

terminals but not one of them is in germany that's about to change now. construction on germany's 1st ellen g. port in bloom's but will is starting soon transporting in handling l.n.g. is a complicated matter for example before transport the l. and g. has to be liquefied by being cool down to minus 162 degrees. here's an animated version of how it will look it would be germany's 1st direct access point for ellen g. suppliers from carter jury and the u.s. . the location was selected strategically pipeline starting here lead to all points in germany. we would like to use the energy as fuel and also distribute it from here we are ideally located on the close to the port of hamburg but we also have access to the kiel canal which gives us access to the baltic states and the scandinavian countries.

at the moment liquefied natural gas only plays a nominal role in germany's energy mix around 2000 trucks registered in germany run on ellen g. the fuel has so far been supplied by other european ports in neighboring countries belgium and the netherlands. energy experts about gen tim a bag feels it's unnecessary for germany to build its own l.n.g. station. in. rotterdam in the netherlands and also in the zebra here in belgium large elenchi import terminals already exist which are only running at about 50 percent capacity they could be used for any additional supply that's because of all will the new l.n.g. station pay for itself demand for ellen g. will be growing in the coming years the port operator a certain of that and the port could become the future site of a new environmentally friendly energy source hydrogen. is i'm with our potential

customer our. we would like to find out to what extent and ellen g. terminal is a building block in the development of a hydrogen infrastructure if they're right it would be a stroke of luck for the new port and the investment would pay off for decades to come. and that's your business update here on d w at this hour for me and the team member thanks for watching.

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questions about my country and above. that is why i keep doing to state my email addy so for i work at. libyan coast guards are hunting down sicilian fisherman on prime fishing grounds where the red shrimp are waiting to be caught. there is a particularly large number of them off the coast of libya but they're libyans lot italian fishermen from accessing the fishing spots a political power play sicilia fisherman are repeatedly arrested and detained in libya. i no longer have a sense of the future when i look towards the sea this cannot happen i am afraid

that my husband will not return. and afternoon and that saturday violent coastal fishermen are hauling in their daily catch these are the few who won't risk venturing further out into the open sea the local fishmongers are already waiting they appreciate the fresh catch here in western sicily even though they are paying prices that are no longer profitable for most fisherman the only people still making real money are deep sea fisherman their crews are at sea for up to 2 months they fish primarily for red trend which are sold at a profit all over the world the shell fish are sorted by size and then stored in deep freeze while they are still it's.