a no deal breaks it would take the e.u. into uncharted waters and hurt companies in the blocs biggest economy germany that's the forecast from the country's main industrial federation the beady eye. it's a pity that the britons decided to leave but it's it's a fact we just do not have to comment so we have to take it so what we call for now is let us hope for an orderly break that not give so much harm to the economy on both sides of the channel if it comes to a cliff edge scenario that would really be horrible what do the numbers say according to the p.d.i. a no deal breaks it would reduce german economic growth to just not point seven percent for this year instead of its current prediction of one point two percent. and it would impact the labor market as well bt ice is one in four companies with business connections to britain will probably have to axe jobs if the u.k. really does leave the e.u. without a deal. german coffee retailer long known for its non coffee offerings ranging from kitchen utensils to clothes is arguing fo

will not cross will she now go back on that and allow for instance the movement of people from the e.u. into the u.k. given that many people voted for braggs it precisely to control immigration from the european union but all of this has led to some hardline break cities within her own policy of accusing her of betrayal one hard line breaks a jacob response even accused her of trying to do deals with marxists that so he views the labor policy. in the form of the foreign secretary has said that working with the labor party will lead to such a soft breaks it that it may disintegrate altogether. nieve is the ball having back to the e.u. at this point when it comes to extending briggs it. what's the reason may made it very clear that an extension to leave the e.u. is almost any effort to pull which means of course the ball does that not going back to the european union the default just to remind you is the u.k. leaves the e.u. on april the twelfth if no deal is reached or if no alternative is found trees in may and hoped to allow for will be given a technical extension to may the twenty second i

e.u. leaders are pressing for a strategy to handle china's relentless advances into europe the us the e.u. is introducing a new mechanism for screening foreign investments to evaluate if it threatens the security or public order of more than one member state or if it undermines and e.u. wide project joining us to break it all down is richard wolfe professor of economics m.r.s. at the university of massachusetts amherst and the author of democracy at work a cure for capitalism. welcome. thank you glad to be here so relatively speaking the total amount of chinese investments in egypt is still small compared to that of the u.s. and canada is this concern valid. no i think this is a normal part of economic growth it shouldn't alarm anybody unless you're a lawyer by the process of change which may be what's going on china is now the second most important economy in the world it's a world economy closer integrated across the world than ever before it's therefore inevitable it's built that the chinese will develop interests for exporting their goods for importing they're necessary and they're goi

e.u. member hungry. once completed it would be a direct link for chinese goods from the built in roads he wrote into the e.u. . and china isn't just focusing on trade it's invested in this power plant in bosnia-herzegovina as well. and is helping expand this one in serbia beijing is financing infrastructure projects throughout the region bypassing typical contract bidding by offering cheap loans. but european union observers warn those loans could come at a high price and they warn china could use them as a so-called debt trap which would see china forcing partner countries to make painful political or financial concessions if they fail to repay their debts but despite the warnings there's no sign chinese invest in the region has become less welcome. to talk about this in frankfurt conrad is this welcome money or are european nations falling into a chinese debt trap because china is now just out of grace i should add to its eastern european business initiative taking the sixteen to seventy. well then of course many politicians here in europe many people who are interested in civil rights in a liberal soc

yes thin as the majority that brought the sweets into the e.u. in autumn ninety ninety four the margin five percent plus a few prompts. if you want to be a swedish star baker just mix together sourdough water wholemeal flour rifle our salt and honey. the dose will be tough and resistant take a leaf out of critter to book spoke the swedish schoolgirls been out on the streets for weeks on end fighting climate change we have started to clean up your mess and we will not stop until we are done for like to see amounts to a trade commissioner she wasn't afraid of us threats there is no other partner in the won't like the european union again safety as many trade agreements countries are lining up to negotiate with us but it's a slow process you need to leave the dough to rise overnight not a swedish night in winter they never and ten hours should do it. then add a few drops of squid ink pitch black like a polar night. now roll both goes out and. nice and thin. spray with nato then sprinkle spices on top conditionally you two sesame oil cumin but i part

once completed it would be a direct link for chinese goods from the belgian road she wrote into the e.u . and china isn't just focusing on trade it's invested in this power plant in bosnia-herzegovina as well. and is helping expand vis one in serbia beijing is financing infrastructure projects throughout the region bypassing typical contract bidding by offering cheap loans. but european union observers warn those loans could come at a high price and they warn china could use them as a so-called debt trap which would see china forcing partner countries to make painful political or financial concessions if they fail to repay their debts. but despite the warnings there's no sign chinese invest in the region has become less welcome. and the dress of this edition of the business for more check out our website at the w dot com or follow me via a twitter or facebook thanks for watching and have a success. take it personally. with all the wonderful stories that make the game so special. for all truth. become more than such a long line with the worst parts music played for such. a dangerous. flo

night for somewhat of a fun we'll just have to go farther out into e.u. waters maybe toward scotland we'll try to find a good spot. britain's territorial waters are just one hundred sixty nautical miles away and flint knows that once they arrive there they'll have a good catch. but steve barrett can't cover that kind of distance and his small boat which he stays within the twelve mile zone around ramsgate. bird says that he's getting a lot of tough competition from foreign fishing trawlers and he doesn't think that's fair at all. they seem to have a very very unfair advantage where they come from quote through an area like a fish off into a bigger part of. the argument you can fish out war for the weather the way for sure doesn't apply thermate because the truth in short the whole rhyme guy is an inch or flaked. when it comes to bret's it's barrett says the harder the better. fishermen in denmark spain france and germany have been worried about how hard bracks it would affect them particularly if britain closed its territorial waters to them. if fritz pla

e.u. for an extension that is likely to pass into north of this evening and an extraordinary development in itself that would be the other the ongoing search for across party compromise between the conservative party in the labor party talks last week between to resume in germany corbyn fizzled out towards the end of the week labor saying that the government weren't offering anything new anything substantial even the way of compromise both sides of course treading on eggshells in the search for compromise because both parties risk being broken if they are seen to be compromising too far with the other the reason why on the weekend filmed an interesting. announcement speech if you like from her country retreat check was seated on the sofa looking very casual it was described as a sort of homely fireside chat with the nation she again reiterated the need for prosperity compromise some observers looking at that and suggesting that were perhaps the prime minister now just four days away from the latest cliff edge breaks it deadline two days away from an emergency e.u. summit that's reason may b

was absolutely and never support to get out of this impasse so the ball does of course move back into the e.u.'s court they have the power to decide what happens next whether that's a short term technical extension to possibly may the twenty second to allow the u.k. to avoid being dragged into european parliamentary elections or maybe even a very long extension but what we're hearing from non-chord younker the head of the european commission is that the deadline of april the twelfth remains in place a deal to be made then otherwise britain could face no extension a tall here's what the european commission chief said earlier. double the. twelfth of april is the final date for possible approval if the house of commons does not adopt a stance before the date you know extension no short term extinction will be possible after the twelfth of april we run the risk of jeopardizing because running of the european elections and the correct functioning of the european union. and. stern words of warning there from europe the message from brussels is that we have contingency plans ready and in place for w

e.u. calling for an extension until the end of june none of our economy is growing fast enough to guarantee that it wouldn't push us into recession it's a bad outcome and i think the french understand i think. understand that you know what we are looking for. just to avoid a long extension the e.u. itself wants to avoid the u.k. crashing out with no deal it also doesn't want a series of short delay so the idea of a longer extension possibly a year is being talked about in brussels but that would have to be approved by all the e.u. leaders at an emergency summit next week so the question will be has the prime minister got sufficient detail and sufficient. can you give your opinion is sufficient assurances that june thirtieth is a sensible day and has a plan of how to get there and will the e.u. thing actually be into play for domestic issues that the european parliament elections is that a sensible date for them and that will be the big question over the next week or so . and an extension could see britain having to field candidates but the parliamentary elections in may which will be unpalatable to many of those who vot

e.u. over aircraft subsidies is going into another round brussels has published a list of american imports worth twenty billion dollars that it could hit with tariffs includes a diverse range of fish tobacco suitcases planes helicopters tractors and videogame consoles among others brussels and washington have been battling over subsidies for a u.s. plane make a boeing and its european rival have asked for almost fifteen years. some comfort for investors the official line in china today is that the slowdown in economic growth is not as bad as thought gross domestic product growth in the first quarter by six point four percent year on year and it just roll out last month. news that china's economy had risen six point four percent in the first quarter comes the welcome surprise weak global demand in a bruising trade war with the united states has weighed on the world's second largest economy for months beijing warns china isn't out of the woods yet. given slowing global growth and trade international uncertainty and domestic structural issues reform in development is an arduous task downward

e.u. and jochen straight into bed with the us that's never we were never going to be a negotiator for pointed straight and we would call even the brits see it from a point of strength we should be striking deals wherever we can and if we're going to be prosperous that the us would definitely get more from not do it than we do we don't currently either want to hormones or might be you know they've got lower welfare standards for their food system for their medicines so that everything one of the reasons why i wouldn't go and live in america is because while the food is treat it would probably try to kill me a spokesperson for the prime minister trying to calm fears saying the u.k. is not going to lower its food standards but it's careful the conservative party m.p. matthew golden banks told us he's concerned that a disorderly breaks it could result in food and medicine shortages. we're a very tiny country that small of the many us states. i'm surprised that there's such a fuss in the united states at the moment i'm not even sure whether we're going to be leaving the e.u. at the present moment

e.u. and jumping straight into bed with the u.s. that's never we were never going to be a negotiator for point a straight and we would call even the brics it from a point of strength we should be striking deals wherever we can if we're going to be. the u.s. would. get more from not do it than we do we don't. i don't want to hormones that might be you know they've got lower welfare standards for their food system for their medicines so that everything one of the reasons why i wouldn't go and live in america is because while the food is treat it would probably try to kill me. a spokesperson for the prime minister tried to calm fears saying the u.k. is not going to lower its food standards well we're joined live now by former british m.p. and senior research fellow at the defense academy of the u.k. matthew gordon banks thanks for joining us on the program so there you can hear is top of the queue for trade with the us that is britain's markets so lucrative. i don't think it's very lucrative for the united states it's very important fo

e.u. and jumping straight into bed with the us that's never we were never going to be a negotiator for point a straight and we call even negotiate bricks it from a point of strength we should be striking deals wherever we can and if we're going to be. the us would definitely get more from that deal with than we do i don't we don't currently i don't want to hormones that might be you know they've got no welfare standards for their food system for their medicines so they're everything one of the reasons why i wouldn't go and live in america is because while the food is treat it would probably try to kill me. a spokes person for the prime minister trying to calm fears saying the u.k. is not going to lower its food standards but former learned american livingston believes britain's weak position could lead to very serious consequences. our economy is at its lowest level of growth in years and investment in our economy is a lowest level since the end of the second world war all the uncertainty about bret's it means big businesses aren't investing in britain they aren't modernizing dead our econom

e.u. products being imported into the united states a lot of money remember that's billion with a big how did the us president announce this how else through twitter the world trade organization finds that the european union subsidies to air bass has adversely impacted the united states which will now put terrorists on eleven billion dollars of e.u. products the u.s. taking advantage of the u.s. on trade for many years it will soon stop. so what's going to be tariff twelve cheeses lenin's kashmir sweaters and electrical wall clocks to name a few but also and probably more importantly aerospace components and parts now this hasn't really got anything to do with electrical wall clocks or cheese what it really has to do is an ongoing dispute between airbus the e.u. based aerospace giant and boeing their major u.s. based competitor now there has been a dispute between the two going on for a long time over subsidies and whether they were subsidies to receive from governments were legal or not and then of course boeing has had a very rough time of it of late due to the well its involvement its

into. this. the e.u. will have to agree any extension to the breaks that date france and germany are the only skeptical voices. and it just a short while ago a close ally of the german chancellor all americans said there's no point in britain asking for another short delay to its brags a deadline and tweet this morning said that britain's institutional deadlock is so deep that any short extension would be pointless he says that the you should insist on a long extension and that britain should take part in the upcoming elections they take place at the end of may and have more on this let's bring in our political correspondent kate brady good morning kate you know another dog is extremely close to chancellor merkel is he speaking for the german government that it wants a longer delay to brag and that britain should be taking part in elections in may. well they were certainly some interesting comments from rick in this morning but he certainly isn't speaking on behalf of the entire german government has we h

e.u. think actually would be into play for domestic issues that the european parliament elections is that a sensible date for them and that will be the big question over the next week or so . and an extension could see britain having to field candidates but the parliamentary elections in may which will be unpalatable to many of those who voted to leave. to reason may is still trying to win support from both sides of the political divide she still coming under attack from some within her own party and talks with the opposition are challenging and we all want to break this deadlock we want the talks to continue but compromise does require change writing on twitter the arch you're a skeptic conservative m.p. jacob wrote if a long extension leaves the stock in the e.u. we should be as difficult as possible we could veto any increase in the budget obstruct the putative e.u. army and block missed him across and integration is schemes and her letter to donald tusk to raise i'm a makes it clear that the current political impasse simply can't go on the public space in politics is being damaged and

e.u. think actually will be into play for domestic issues that the european parliament elections is that a sensible date for them and that will be the big question over the next week or so . and an extension could see britain having to field candidates but the parliamentary elections in may which will be unpalatable to many of those who voted to leave. to reason may is still trying to win support from both sides of the political divide she's still coming under attack from some within her own party and talks with the opposition are challenging we all want to break this deadlock we want the talks to continue but compromise does require change writing on twitter the arch euro skeptic conservative m.p. jacob groat if a long extension leaves the stuck in the e.u. we should be as difficult as possible we could veto any increase in the budget obstruct the putative e.u. army and block missed him across integration is schemes and her letter to donald tusk to raise a may makes it clear that the current political impasse simply can't go on the public's faith in politics is being damaged and she ackno

the facts here with the march last year let's look at the immigrants who've been allowed into a stone here to the e.u. quote of. the government by march last year the government had accepted two hundred and six migrants and that time even eighty eight of them weren't even in the country so now last march you had to cope with the massive figure of one hundred and fourteen immigrants brought to you to see of bigger lives and quota system so on the basis of these figures you claim indigenous dystonia ends up being replaced by black people not just by bad as it turns out and as i said there are two things we don't as a class but i'm just talking about the migrants well it doesn't make any difference to us this is a guy explosion a little sorry this does not make any difference whether they are from hugh crane or from radio it's a matter that they are not a stone ians and but i am sure my saturating well if you. don't know we are not in the area and has set a cap on my reasons our usual under government is lying or not the government doesn't know what its doing but is approved most of the human easy to sa

e.u. split further into crisis. no clear idea on what to do next.ill host the cabinet tuesday morning with a no deal brexit just days away. >> nobody knows where we're going. we now know what the british parliament does not want but we have not heard what it does want. a sphinx is an open book in direct comparison with the british parliament and we must now get the sphinx get to talk. enough of the silence. >> struggling to reach trade talks with the u.s. a delay that may further irritate washington after the block already included agriculture in the discussions. e.u. ambassadors meet in brussels wednesday and we're told france is expected to push back to eliminating industrial tariffs. algerian leader has agreed to step down before his term ends after weeks of mass protest across the country. he'll go before the 28th of the month while taking what's it's called important steps to ensure smooth running of the state. bouteflika had a fifth term as president. business conference in brazil fell to the lowest since the president won the election on a pl

united states and i welcome this decision wholeheartedly we are now ready to move ahead into the next phase of e.u.'s relations. there's a lot at stake the talks are also part of a strategy to forestall looming u.s. import tariffs on cars president obama will trump has repeatedly threatened to impose them in recent months even citing national security as a reason he's already slapped punitive tariffs on steel and aluminum imports to which the e.u. responded with counter tariffs now the e.u. is offering to abolish tariffs for industrial goods and lower non-tariff trade barriers in other sectors agricultural products however would not be part of the negotiations although washington has pushed for them to be on the agenda the e.u. hopes to have an agreement in place by the end of october it's tamale now a massive landlocked country plagued by security issues and a non diversified economy atala say mali needs more entrepreneurs particularly women they often face big obstacles to setting up their own businesses but that hasn't stopped this next woman. fifteen women working on a march of juries tea comp

e.u. rather than having british voters send people into the e.u. and its institutions namely the e.u. parliament so it seems like as a result the promise to what she said this evening was that she wanted to have a delay of course didn't specify how much but she has suggested she wants to get all the legislation through about her deal by may twenty second so it feels like from my reading that she's happy to try to ask that or if not sure to ask for an even longer extension but then she'll be able to say to her colleagues this that if they want to have happen before that you can break it much earlier if you just get the stuff done and be ready to leave because if not you have to see the whole delay through and go through your elections and all the rest of it. in a week from now israelis will be electing their next government fourteen political parties are competing for one hundred twenty seats prime minister benjamin netanyahu of the right party is seeking a fifth term in office is the first sitting prime minister jew to be indicted on corruption charges has continued to expand illegal

e.u. allies. but chinese money has been flowing into italy since before bell to marry days involved in industrial imports city in northern italy a new container terminal is under construction creating four hundred new jobs. men monica giuliano is confident the chinese funding will boost the economy. my dream is to mean we have more investment watch that greater capacity for action . volumes of traffic interesting exchanges and the best thing is to sit at a table with officials from all over the world you speak about the near future in terms of employment trade and the need for specialized work because. i believe that it's a great opportunity the important thing is to always have respect for the territories in which we work. even neighbors remain skeptical fairing italy to could become financially dependent on china opportunities risks in favor of chinese suprema see all big topics at the summit in beijing around sixty five countries have already signed up to the project. and let's take a look at some of the other business stories making headlines around the world a pilot strike at scandinavian ai

e.u. that really hasn't been moving much into the direction of the u.k. lately is that they still are giving the reason why the chance to approve the withdrawal agreement or to try at least a fourth time because up until yesterday they had said that they should she should have approved by the end of march but of course we are in april and this chance is still on the table so you can see the e.u. moved slightly there so what they're doing is basically they're sticking to the plan the plan that they worked out at the last summit here in brussels and it's really the only thing they can do because there's so much uncertainty in london. well. i'm going merkel the german chancellor is among those in the e.u. who most desperately urgent they want to avoid a no deal bragg's it and as she's in dublin for talks today how is merkel's visit to ireland being perceived in the u k. well certainly with interest being the country that has most to lose if it does come to unload your brags it has a lens border with the united kingdom is the country that needs to protect the