is really whether or not you are a fan of the monarchy. a lot of people really just reflecting on the fact that she has been this centerpiece in britain the 70 years. that's 14 prime ministers, 14 us presidents. a lot of people really taking the time to reflect on matt you're watching, did over the news, lie from berlin. my colleague christy parson is up next with the deed of these business news and don't forget you can say up to date on our website, d, w dot com or follow us on our social media accounts. i'm probably the us from the team here. take care. see very soon people in trucks injured when trying to flee the city center. more and more refugees are being turned away. families played on tags in syria for these correct only with trade. people fleeing extreme

getting 200 people for something around the world. more than 300000000 people are seeking refuge. yes. why? because no one should have to flee. make up your own mind. d. w. made for mines with a 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 for sri lanka to secure an ins,

bailout, as shortage is worse than and via economy crumbles. welcome to the w 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 confusing lumberman may home the insistence of the united states on slang. the taiwan card will only bring c o u. s. relations to a dangerous place maple in the united states should abide by the one china principal were you and the provisions of the 3 c. no u. s. joint communiques stop any form of official exchanges between the united states and taiwan. andrew stop signing agreements of

a sovereign connotation and official nature with taiwanese merchants, and refrain from sending any wrong signals to the separatists forces of taiwan independence towards you. oh, it's your fault. these strong statements follow the announcement on wednesday of the u. s. taiwan initiative on 21st century trade, which aims to deep in 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 ty, once president sighing, when i do want to say that it is more than just about military, it's off of the economy and i'm here to support the president. our president bivens efforts in engaging in economic relationships and close relationships between our commissions on an economic front, 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 9 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 us. yet, china says taiwan has no right to conduct foreign relations. on this, taiwan does not agree, ah, well for more or let's go to young core to in new york for the us market reaction. now, yen, the us close 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. and 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. tywon 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 months. so we're 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, let's switch 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 let facebook together with mac and soccer burke, if you look at gerald center, she was a very, a public figure. she has about 1000000 instagram followers up here, ali button. i've read his about 17 instagram followers. and the last time you posted on facebook actually was 4 years ago. and so he is a broad, the private person. he's from as 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 shot shop for developing the international a business with quite some success. when he started 15 years ago, a facebook had about 50000000, and he was there as mostly in the united states. today we are 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. so will be a release to friday, one hour before trading starts here 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 points, even if we had to pretty a mixed bag of economic numbers. and also corporate numbers am here at the new york stock exchange. well, we'll be checking in with you on that to morrow. of course, yann's quarter. thank you so much. saudi arabia and other members of opec have agreed to boost oil output by more than expected falling a european union ban on most russian oil in ports. now, 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 biden, to visit re ot after 2 years of strained relations. at the meeting, some analysts predicted russia would be suspended from the group. though so far there has been no sign of this happening.

while 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 a rounded 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 slump and 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 allianz has spent more than half of her life plucking leaves on this deity. after her husband died,

she became the sole bread winner for her family. but she's barely making ends meet . anglican, the girl, a kiddo of the income we get is not enough to cover our expenses. this is the only work we do. we have no other work there. mary is one of the houses who work on privately own plantations, spread across the healey country side of central phil. anchor. 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 industry 2 has hit a rough batch. the severe shortage of fuel and long power cuts have 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 slipping away grub barbara doctor to get defected. the

book, da da, da, da, da, da. the workers are going to get different public. i do not get that regard number of work in dis no, no at present, be offered in them 6 years about adames's are invisible. we will be compelled to hard don't deb about to about 40 study because also they didn't believe gumbo will . below the problems for the d industry and for agriculture as a whole started before the current economic blow. last year, in a highly controversial moved the she lankin government banged the use and import of chemical fertilizers overnight in a bit to become the 1st country in the world to fully adopt organic farming. while the band was later reverse, after protest, the crop yield was already effected. this was the policy decision by the government . let do a significant job production and exports of the, the current crisis for though it does not bode well for the figures. mary is concerned about what might happen if the situation was since the 10 gallon did that he and to get that. but 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. so we won't have anything to eat. and we won't be able to look into any of our needs. are you going to go back to godaddy or livelihood? and that, um, houses depends on the ds dates we asked make more from the international center for tax development. if sri lanka is going to get, i am off 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 sir lanka and the i m f. but the time scale is really emboldened, we're still talking olva weeks 2 or 3 months maybe. and in the meantime, the government to his sin, an acute crisis, as you said, of the export revenue i am, i am probably covers about half of the minimum in port needs for 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 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

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