it's christmas all the go buy a gun. christmas day we'll see more changes when the pope gives his traditional derby at rb blessing from end sightseeing peters rather than from the balcony overlooking the square and eventually really attracts tens of thousands of people. and you have to date up next my colleague chris caldwell with business news taking a closer look at what that breaks that agreement means for both economies on both sides i'll see you next hour of back. in the art of climate change. africa's most of. what's in store. for the future of. e.w. dot com pretty major cities to incite. culture.

and you hear me no here's here's we've come you in her last years german chancellor we'll bring you an angle our makeover as you've never heard her before her surprise yourself with what is possible who is magical really what moves are important also who talked to people who followed her along the way admirers and critics alike how is the world's most powerful woman shaping her legacy joining us from eccles law stops. the deal is sealed after 4 long years britain and the european union agree on a provisional briggs's divorce agreement the news means a decades long relationship will end on a friendlier note then fear and major trade chaos can be avoided also called another day another deal on the line for the european union and china are facing

fresh difficulties their aim to sign a comprehensive investment. and we'll introduce you to a restaurant owner here in germany who is confident the surfing 2nd infection wave thanks to a new business. from chris caldwell to the program the deal is done 4 years after the people of the united kingdom voted by a narrow margin to leave the european union the 2 sides have reached an agreement on the terms of their future relationship fundamentally the deal means that both sides can continue to trade goods without having to pay terrorists they're also won't be a limit on how much they can buy and sell to each other in other words no terrors no quotas they've also reached an agreement on a so-called level playing field for doing business this will allow both sides to monitor the standards of the other with an impending system set up to handle

disputes there was a last minute scramble to resolve the emotional issue of fisheries with decisions made on how much fishing can take place in british waters but financial services are worth 100 times more that a fisheries to the u.k. economy and it wasn't in the deal instead both sides will decide on a regular basis whether financial services can be offered between the k. and the e.u. meaning either side could suddenly choose to cut off the other. now of course the deal was a long time in the making and in many ways it represents the beginning of what could be a long post bragg's a journey for the united kingdom here's more on the road ahead. the deal is done a crisis averted it's a relief for both sides after all half of the u.k.'s trade is with its european neighbors and the u.k. is the use 3rd largest trading partner the talks were painful but the alternative was worse pushing the begrudging neighbors closer together never has the european

union offered so much to a so-called 3rd country the u.k. has enhanced its decision making at home but still has access to the e.u. market whereas the e.u. has kept a key customer for billions of euros of goods a lot will change come the 1st of january the biggest the u.k. will be out of the e.u. single market but both sides will continue to have tariff free access to each other's economies citizens from either side will no longer have the automatic right to live and work in each other's territories there's likely to be delays a borders as everyone gets used to complicated new custom systems and the u.k. will stop most of its payments into the e.u.'s budget. selling british wares freely in the e.u.'s marketplace is the 1st big step but britain still has a monumental task ahead of it before brett said britain had access to scores of deals now it's on a shopping spree buttering with partners to snap up trade pacts worldwide.

the u.k. has already signed up $59.00 countries to continue trading under the same conditions as with the e.u. plus a fresh deal with japan that's $220000000000.00 euros worth of trade still there are noticeable absences the u.s. would be the big prize but president elect biden has voiced concerns over bracks it which could signal tough negotiations ahead canada has agreed a temporary deal while talks on a permanent trade pact continue negotiations with australia started in the summer and are still ongoing whether the u.k. will do a trade deal with the world's 2nd biggest economy china is an open question the u.k. isn't part of the heavyweight economy anymore which could weaken the u.k.'s hand in these trade talks the new deal will be a relief on both sides of the channel but for britain the toughest times may lie ahead experts predict economic growth to slow living standards to drop after all it

is dream of gaining sovereignty but to buy that they've given away their country's international influence. right now the u.k. needs good news for its economy as with everywhere the pandemic has eaten away at growth hastening the decline of thousands of small towns and cities getting trade humming through britain's ports will help mitigate those effects but will the opportunity cost of brecht's it leave the u.k. far weaker in the world than it could have been or will britain confound critics and build itself into a singapore on the english channel the odds are stacked against them but by getting a deal with the e.u. done britons of looks beyond their island and taken the 1st important step. now from britain's finalize divorce deal with europe to another major pact still pending the e.u. china investment agreement talks appear to have stalled in the final stretch beijing however insists there are going as planned. the search for an

e.u. china investment agreement has been 7 years in the making it would guarantee a level playing field for european companies operating in china a pact would likewise safeguard chinese companies access to european markets germany was confident of a deal by year end but then barriers began to emerge china denied a report it was raising additional demands in the sensitive area of nuclear energy . as far as i know you negotiations are currently proceeding smoothly the so-called news that china proposed to invest in e.u. nuclear power plants which caused a deadlock in the china e.u. investment talks this fake news. that. the e.u. is china's 2nd largest trading partner with bilateral trade amounting to $650000000000.00 china's human rights record is complication the talks there have been reports france was refusing to support the pact if china didn't agree to stop

forced labor on the massive term and to mostly muslim weaker is inching jiang. the pact could also strain relations between europe and the u.s. advisers to president elect joe biden of called on the e.u. to hit the brakes on the deal until after the new administration takes office i mean to put forward to the congress time now for a quick go to some of the other business stories making news turkey is there as search say 5 week high against the u.s. dollar after any better known than expected interest rate hike the central bank raised interest rates to 17 percent to cool skyrocketing inflation than there are has been among the worst performing currencies this year down around 23 percent of a coronavirus lockdowns and double digit inflation some $850.00 cargo staff at british airways are to begin a weeklong strike on friday over a pay dispute the union unite union says workers face pay cuts of up to 25 percent shipments to and from britain have already been disrupted by border closures

following the discovery of a new coronavirus very alitalia has restarted daily flights to and from london after receiving clearance from italy's health ministry the carrier said passengers traveling to italy must be residents or have urgent reasons for the journey a negative covered 900 test is also required for suspended earlier this week because of new corona virus variants circling in the u.k. . a recent study of the hospitality sector here in germany showed that around 20 percent of restaurants could be in serious threat of going under because of the impact of the coronavirus pandemic we met one restaurant owner who was robbed of his livelihood by the 1st wave of the virus but he surfing the 2nd wave with confidence thanks to a new business model. there's nothing like a juicy beef steak with grilled vegetables chef yosh yobs and his son pamper their

guests right where they live so he prepares the food outside in the customer's yard in freezing december temperatures. to have imagined it would be so popular that's nice but it's always a real challenge every customer's different theory of individual wishes and you can see how cold and windy it is. they used to take care of their guests here a small restaurant located at berlin city limits outside they had enough seating for 80 and inside 50 more just 10 months ago yop simply had more than 20 staff at his steak house but the restaurant didn't even survive the 1st wave of the coronavirus. we had to declare bankruptcy and close the restaurant we had very high overhead all of the monthly rental loaned was 15000 euros then of course we have to pay your electric bills we ran

a very high quality steakhouse. fares were cancelled vacationers stayed away not even the local berlin customers were there to get them through lock down and then yobs had an idea corona compliant cooking life at the customers home today they're catering a birthday party. that's in the government's trying to tie it off why it's not really looking forward to it and now it's almost ready it's a nice event at home during the pandemic if you don't get out much then. so this is just great and so. looking forward to this all day. the smell of the cooking food is like a calling card and it's attracting some interested neighbors to potential customers for the cooking duo. the different i think is a great idea. especially ves days when restaurants are suffering so much it's

really sad that berlin's color and variety are fading so rapidly cute. the wind is forcing them to improvise right now instead of heated plates the food is being served on heated platters a measure to help prevented getting cold sweet potato soup beef steaks chicken and even salmon something for everyone the family's happy. it takes them excellent to my birthday present it was delicious. it was very very yummy seasoned perfectly and beautifully presented they take all the pots and pans with them so there's nothing to clean up the perfect aspect. the keytar vo cost the family around $250.00 euros this father son team might not be striking it rich but at least they'll survive the coronavirus financially. and before we let you go it is christmas and the coronavirus pandemic couldn't stop one

cherished tradition at the new york stock exchange giving social distancing protocol traders got together for their annual rendition of wait til the sun shines nelly a song 1st song on the trading floor during the great depression and tells of hope and better times ahead quite fitting for this year's christmas for sure from me and the entire business team here in berlin at the heart of. ah i. was. very. proud i was. right.

everything down the road the little one knows that the late is the source of her strength to the clique that is. down 7.

long as her street carry her across the water seemingly. the urge to. write it will be dick she could have been a little old for over a mention on the force i'm pleased. that mr bottom of the valley dragons was cornered as you called the home to reuse. books on. the al. al. al. hello and a warm welcome to focus on europe i'm a lot about the lola it's nice to have you with us today twas the night before christmas and all through the house not a creature was stirring not even a mouse the classic tale has taken on a new meaning this holiday season as

a pandemic brings europe largely to a standstill streets are empty.