i minutes is 14 us presidents, a lot of people really taking the time to reflect on that. and before we go, let's get a reminder of the top story we're following for you. ukraine's president of all admin lensky says russia now controls a 5th of ukrainian territory. russian forces are also edging closer to capturing the key eastern city of several donuts with 80 percent of the city now under russian control. and is your, he's update at this hour. my colleague christy watson is up next with the business headlines. the statement for that i'm clear, richard than in berlin for me in the team. thanks so much for watching. it's just a question of whether the next crisis will come. but only when and how the media will deal with it. how can we stay focused on what is important?

shaping tomorrow know, exploring opportunities for media professionals in times of crisis. the global media for june 2020 to your ticket. now, lou, what people have to say matters to us. mm. that's why we listen to their stories reporter every weekend upon d, w ah, china demands the u. s. stop, it's trade talks with taiwan. the u. s. looks to deepen ties with an important trading partner. but beijing is livid, saying the dialogues disrupt, peace, and stability. and time is running out 1st 3 blanca to secure an ins,

bailout. as shortage is worse than and via economy crumbles. welcome to the w. a business. i'm christy plats, and in berlin. china is criticizing a new trade initiative between the united states and taiwan. the u. s. has stepped up engagement with the democratically governed island, but beijing is not happy about it. now, new trade talks are bringing the issue to center stage. once again. china is angry and that a news briefing on thursday, the chinese foreign minister did not mince words, will go to the consumer number. warming may home the insistence of the united states on shlang. the taiwan card will only bring c o u. s. relations to a dangerous place move on the united states should abide by the one china principal group and the provisions of the 3 c. no u. s. joint communiques stop in any form of official exchanges between the united states and taiwan. 100 stop signing agreements of

a sovereign connotation and official nature with taiwanese merchants and refrain from sending any wrong signals to the separatist forces of taiwan independence to home, to ship with these strong statements follow the announcement on wednesday of the u . s. taiwan initiative on 21st century trade, which aims to deep an economic and trade relations between the 2 countries. a point that was underscored by illinois, senator tammy duckworth during a joint press conference held with tie, once president, sighing. when i do want to say that it is more than just about military, it's awful of the economy. and i'm here to support the president present biden's efforts in engaging in economic relationship and close relationship between automation on an economic product as well as on national security. the deal came just days after the biden administration excluded taiwan from

a broader asia focused economic plan designed to counter beijing's influence in the region. taiwan has informal but extensive ties with the u. s. c. o. it is the u. s . is 9th largest trading partner and an important hub for making computer chips and other high end tech components. both china and taiwan agree, there is value in trading with the u. s. yet china says taiwan has no right to conduct foreign relations. on this, taiwan does not agree, ah, well for more let's go to young core to in new york for the us markets reaction now, yen, the u. s. closed a trade deal with major partners in asia. just last week. taiwan was excluded from that deal. why was that? yeah, well, chris, the on the button up industries and just last week as you mentioned,

launched the indoor pacific economic framework with the 13 countries. then what we hear is that some of those asian partners had concern to actually anger china if they include a tie one. so now it looks like the biden administration might be looking for a bilateral agreement with taiwan. i don't know, comes up with those names. the u. s. tyler initiative on 21st century rate, so that's what it's called and that will be an negotiated in the next couple of weeks that maybe a month. so we are not talking about a free trade deal, but some bilateral agreement between the united states and taiwan. yeah, that's a bit of a tongue twister. that's for sure. well, i'll put the tech for a 2nd here, young shell sandburg, the number 2 at meta, formerly facebook, of course, has announced she's stepping down. what can you tell us about hobby or only vaughan? her replacement. yeah, definitely

a he is quite opposite to a share world sandburg, who also by the way was considered as being the adult in the room. and as she was basically a lead, a facebook together with mac and soccer burke, if you look at child centric, she was a very a public at figure. she has about 1000000 instagram followers hub here. ali button ice rent has about 17 instagram followers. and the last time you posted on facebook actually was 4 years ago. and so he is a broader private person. he's from spain. he used to work for his siemens for a little while in munich. and then he started with facebook of 15 years ago, he was partly in charge of for developing the international a business with quite some success. when he started 15 years ago, a facebook had about 50000000 users, mostly in the united states. today we have talking about almost to

a 1000000000 users and 90 percent of those are actually coming from outside the u. s. all right, well obviously very big shoes to fill their out. we know that there were some mixed labor figures out of the us today. again, why can you tell us about those? yeah, i mean, we had the weekly unemployment claims and they dropped to the lowest in about him. 50 years, i've saw somewhere, maybe even the lowest figures as soon so we get those numbers on the other side. we had a $128000.00 new jobs in the private sector for the month of may. and that was quite a disappointment because economists actually expected in the private sector and that the u. s. would have added almost 300000 you jobs. so a mixed picture of from the labor market, and now the big jump reports also including the governmental jobs, sir, will be a release to friday, one hour before trading stotts. you are on wall street and talking about trading

and has been a quite a com back here on wall street. the nasdaq composite up by almost 3 per cent blue chips, up a good $400.00 points. even if we had to pretty a mixed bag of economic numbers and also corporate numbers. i'm here at the new york stock exchange. well, we'll be checking in with you on that to morrow. of course. yeah, of course i thank you so much. saudi arabia and other members of opec have agreed to boost oil output by more than expected. following a european union ban on most to russian oil in ports, opec plus decided to add almost $640000.00 barrels per day to the market. the decision could ease pressure on consumer prices and might also open the doors for a trip by u. s. president joe vite biden to visit rashad after 2 years of strained relations . ahead of the meeting. some analysts predicted russia would be suspended from the group, though so far there has been no sign of this happening. well,

the economic crisis in sri lanka is getting ever worse residents. life savings are virtually disappearing into thin air. one estimate from johns hopkins university puts real inflation at over 130 percent in march, and that's around 6 times what official government government figures have said. now, nearly everything is in short supply, especially imported goods. the government is even even asking airlines to stop filling their tanks and the country in order to save on fuel. one reason for the crisis is of course the corona, corona induced slumping tourism. on top of that though, there was also political missteps such as the ban on artificial fertilizers, the result, a crisis for one of the country's most important industries. mary albion has spent more than half of her life plucking leaves on this deity. after her husband

died, she became the sole grad, been for her family, but she's barely making ends meet. mangin glenda got a kid, a lot of the income we get is not enough to cover our expenses. this is the only work we do. we have no other work. mary is one of the houses who work on privately owned plantations, spread across the hilly countryside of central felucca. d is one of the areas most exported commodities, making the industry vital for the she, lunk, on economy accounting for $1300000000.00 annually with the country deep in financial crunch. the, the industry 2 has hit a rough batch. the severe shortage of fuel and long power cuts had affected the industrial daily operations including processing production and transportation. dylan party ronnie, the regional general manager of this estate, fears that the effects will soon be felt by the workers about lipper gilbert, grub barbara doctor to get defected. the book, da, da, da,

da da. the workers are going to get different debbie. i do not get that regard. number of work in this. no, no at present be alpha in them. 60 is about adames's, wendy's about we will be compelled to hard. don't. deborah about to about 40 is to be causal. so they're generally that we come over below the problems for the d industry and for agriculture as a whole started before the current economic look last year in a highly controversial move, the shall uncle government bank, the use an import of chemical fertilizers overnight in a bit to become the 4th country in the world to fully adopt organic farming. while the band was later reverse after protest, the crop yield was already effected. this faulty policy decision by the government led to a significant dropping production and export of the the current crisis further does not bode well for the figures. mary is concerned about what might happen if the situation was since the 10 ango under 30 and pick it up if we lose our jobs because

of the issues in the country and we're unable to find any other employment we will have to stay home. if so, we won't have anything to eat, and we won't be able to look into any of any italian glucose, but the girl are, they are livelihood. and that of thousands depends on the dia, states. many of rick, we asked nick more from the international center for tax development. if splunk is going to get i enough help before the economy disintegrates, it seems almost certain that it will step in. we are actually very close to an agreement between the government of sterling her and the i m f. but the time scale is really emboldened, we're still talking alva weeks to 3 months maybe. and in the meantime, the government says in an acute crisis, as you said at the export revenue at the moment,

probably covers about half of the minimum in port needs for the basics, like fuel and food and medicines. so there is an acute gap here that has to be filled somehow in the next few weeks. well, that was our show. you can find us on d, w dot com backslash business. we're also on facebook and youtube. i'm christi, platinum, berlin, for me and the whole business team. thank you so much for watching yourself with nice on the front line here. there hits with grenades every day. in the small ukrainian town of new york. 3 quarters of the inhabitants have fled.

but some of giving up their homes, no, their hope for peace. focus on europe. next on d, w. o is the end of the pandemic in site. we show what it could look like will return to normal and we visit those who are finding it difficult with his successes in our weekly coping 19 special in 60 minutes on d. w. o. and she beat it out. unfortunately, she taught in a south

a mother who is going to spend the rest of her life behind bars for murdering for 3 daughters. if you could call me back, i, i see the site was part of psychosis is an awful illness. postpartum is a nasty mothers nightmare starts june 4th on d w. ah, this is focus on europe. i'm labriola. welcome to the program. ukraine has been at war for around a 100 days.