blocked to the appointment of a new judge as to it well now the european union china and 15 other countries have agreed to create an ad hoc appeal body to overcome the u.s. blockage and continue to have access to an impartial and high quality dispute settlement system. amid the snow capped peaks of devils last week something of a thaw set in on the chilly topic of world trade several countries trade negotiators met at the annual world economic forum gathering to agree a way forward for the w t o system for settling international trade disputes. when the us blocks the appointment of new judges in december to the w t o's body the supreme court of trade dispute appeals that body ceased to function but the e.u. has managed to agree a temporary dispute settlement system with china and 15 other countries including australia canada says korea and brazil w t o head roberto azevedo said an overall solution was still being soft but that the temporary arrangement would work for now. all there we're trying to fix it we're talking but we're not quite there yet and so members have conversations about som

very unflattering comparison between the european union and china was he telling the truth. well what is certainly true is that the european union has been often criticized for having a sort of protectionist approach to trade when it comes to sensitive sectors that are important to certain countries and perhaps that is one important aspect to take into consideration is negotiating with the european union more difficult than you go sharing with china well probably yes because with china we're talking about one country and in the case of the european union we are talking about $28.00 countries that have very different interests very different problems and that of course want to protect their own sectors so any approach for a trade dispute or for a trade deal has to be considered by 28 member states soon to be 27 as we know but of course that complicates things and that is part of the nature of the european union and. in china we have to remind our viewers you know they're not finished yet phase one that agreement was signed last week but they're still these 2 so you know it lea

comes to trade with africa it was far behind the confidence biggest 3 trading partners the european union china and the united states with just a fraction of total e.u. trade with africa and 2018 still with $19000000000.00 in official development united kingdom has been one of the leading contributors of development funding of which africa gets a big chunk it was 2nd only to germany and the city of london is the most significant financial center for african businesses outside the continent more than 100 african companies with a market capitalization exceeding 160000000000 a listed on the london stock exchange so what does the ukase exit from the e.u. mean for africa my colleague. is here to talk about exactly that 1st of all start with trade and investment between you the u.k. and africa. what's going to happen that he's sick well i mean of course we saw the u.k. african vestment summit which is just mentioned and of course a lot of deals were mentioned where you know announced at that particular summit so they wanted to go to start the year with a bang when it came to trade with africa and the

china today take a listen. what makes things complicated is that at the moment the european union does not have a unified policy toward china you know over the years everyone saw china as an interesting trading partner in the central and eastern european nations then got together eventually and said well france and germany and the other big names are always meeting with china and doing big business now we want to get together and meet with china all the time too. so what is germany then proposing to do would she have a unified policy towards john. welborn the most important thing is for the european union to finally realize that china is not an isolated country that is trying to play in the world stage anymore it is a world power angle merkel even spoke of a multi-polar world where there are several powers working sometimes together but sometimes not and that it means that the european union must for example work towards a unified policy when it comes to investor protection making sure that investors from the european union are meeting fair conditions in china it is also about climate change working together wi

necessarily going to be business as usual for europe's strongest economy also coming up the european union and china join forces with 15 other w t o members to keep the body's appeals court alive despite u.s. action to block it. and how the system of a micro credit designed to help the poor can easily turn into a debt trap. welcome to do business i want to get johnson well and good to have you with us now it's the 1st indication of how business is doing in the new year confidence among business leaders in germany inched back slightly in january a monthly barometer from the munich based if for institute fell northpoint 4 points compared with december as well short of analyst expectations on the upside manufacturers benefited from some clearing up of uncertainty in recent weeks as the u.s. and china struck a trade truce and the next steps for breck's it became clearer but confidence among service fell back the data points at a difficult year ahead.

crisis virus crisis and its possible impact on the global economy also coming up with the european union and china joined forces with 15 other w t o members to keep the bodies appeals court alive despite u.s. action to block it and how the system of microcredit designed to help the poor can easily turn into a debt trap. welcome to do business life from berlin i want to go jones good to have you with us so asian stocks started the week down on growing concerns of the scope of china's spreading virus outbreak japan's nikkei average suffered a steep 2 percent loss the biggest one day fall in 3 weeks however many regional markets including china were close to a lunar new year holidays australia was closed for australia day fears over the global economic impact of the deadly virus sent all prices plunging more than 2 percent on monday to extend last week's sell off of safe haven assets including the yen and gold rally. for more let's bring in our financial market correspondent chelsea delaney was standing by for us in frankfurt see markets opened in europe doesn't look too good right now does it. now i

deal was still there there were other countries that had signed onto it there was the european union, russia, china. however, iran now says following the death of soleimani that it will no longer live up to the limits on its nuclear ambitions. meanwhile, just across the border in iraq, the parliament there has voted to remove u.s. troops from the area now this comes as a shocking development where the u.s. military has long provided stability in the area. and it was also what soleimani d t. troops from its neighbor in iraq it's also what hezbollah and other terrorist organizao achie. seems to have achieved what he could not achieve in his life, frances. >> chris, thank you. >>> all right. bringing it back to washington, d.c., president trump is keeping firm in his stance on iran, doubling down on his threats toward the country's cultural sites, warning iran not to retaliate after the death of their top military leader. meanwhile, congress is back in session this week, and iran has been added to the agenda, of course, top of mind, as you can imagine. congressional leaders upset with the president's

necessarily going to be business as usual for europe's strongest economy also coming up the european union and china join forces with 15 other w.t.f. .

crisis looked a virus crisis and its possible impact on the global economy also coming up the european union and china joined forces with 15 other w t o then those to keep the bodies appeals court alive.

china trade deal the european union has cast dice over its legality the top trade official has pledged to investigate whether china's commitment to increased purchases of u.s. goods by 200 $1000000000.00 is w t o come possible the clock says it will mind a legal challenge if it finds violations now earlier chinese vice premier you who insisted the pact complied with w t o regulations let's take a listen to what he had to say they are not careful. what you are there are 2 important conditions no negotiations the 1st one is not hurting the 3rd parties and the 2nd one is sticking to the principles of the world trade organization china's imports are actually based on the market principle and the rule of supply demand. should then surprises import according to consumer demand and the supply demand relationship of the market imports will be scrupulously checked by domestic consumers so generally we believe that it won't hurt the interests of 3rd parties you michelle. to decide on the now for more on this let's cross right over to financial correspondent jose luis de haro on wall street hi jo

china trade deal the european union has cost dived over its legality the e.u.'s top trade official has pledged to investigate whether china's commitment to increased purchases of us goods by $200000000000.00 is w t o compatible the bloc says it will mind and legal challenge if it finds violations . there for more on this let's cross right over to financial correspondent jose luis to hire on wall street hi jose it's good to talk to you the ink on this deal is barely dry and they're ready its legality is being called into question what is the e.u. looking for when it comes through the fine text of this. well the key component of deal that could be subject to 2 contention as you point out will be due agreement from china to increase imports coming from the us at substantially in regard to if we assume the china does not increase the global import capacity to us china shopping list means that purchases from the us there will come the expense of other economies. several european ones so with exposure to the chinese market specially germany and france when we talk abo

china is a big market for greek goods. and agreement signed between the european union and china regarding the protection of geographical origins is important for greece. are we concerned about critical infrastructure? we are concerned. greece is one of the few european countries that is that at its core is concerned regarding 5g. and doesn't have any suppliers? its network. we are setting very clear benchmarks regarding the protection of our critical infrastructure and on that issue, i am sure we will take into very concerns voiced by the united states on these issues. >> let me open it up to our audience and take a few questions at a time. let me start with these two over here, kathy, and this gentleman over here. please use the mic. >> kathy and i lead the rockefeller foundation here at the atlantic council. and mr. prime minister, you mentioned climate change as one of the key issues you are facing and talked about your new energy and climate strategy and attracting renewable energy companies and at the same time have had heat and fires and the fire and i wonder if you could say a word or two both about the risks and opport

and of course china is a very big market for greek goods. so agreements signed by the european unionnd china regarding the protection of geographical origins for agricultural products is important for greece. are we concerned about critical infrastructure? of course we are concerned. i can tell you that greece is one of the few european countries that is -- that as far as its core net worth is concerned regarding 4g and 5g, it does not have any chinese suppliers in its core networks. so we're setting very clear benchmarks regarding the protection of our critical infrastructure. and on that issue, i am sure that we will take into very serious consideration concerns voiced by the united states on these issues. >> mr. prime minister, let me open it up to the audience and take a few questions at a time with your permission. why don't i start with these two over here, kathy and this gentleman over here. please use the mic for our i don't know online audience. >> thank you very much. mr. prime minister, you mentioned climate change as one of the key issues you're facing. you've also talked

do not find them as neutral anymore i don't call up on the international community the european union maybe china and other countries to take the lead but even the european union as you know has had a response of sorry to interrupt you even the europeans as you know have had a good response so my question now is beyond you know rejecting the this deal and saying you know it's not right what the action plan i mean what i jordan's options regarding this deal the limited how do you reject it how do you oppose it legally. well we're working i was just of the board in the council of europe who are working on issuing this statement a clear statement to the fusing such as such a deal calling upon the europeans and the international community to stand up to the values to stand up to what slight and what song the international community the opium union and any person with with a conscience and the sense of flight and the wrong must firmly and unequivocal e stand against such a plan which might be the one with the least into the unknown this is what we believe in and this is what we see there is no solutio

and the european union, u.s.-china trade tensions could return.n addition to those, political risks are an important factor that has been raising. and fairly widespread risk in other countries. haslinda: there seems to be euphoria in the markets. the s&p keeps testing new highs. is there a risk that investors could be disappointed in the months ahead? guest: the euphoria from the market comes from the low interest rate environment. what is driving up the stock prices, very low interest rates is probably the number one factor. the one change we have seen is that three months ago it looked like earnings forecasts or more pessimistic. we are seeing a little more optimism again on the earnings side. we do flag that there are some markets slightly overvalued and some more substantially. if there were a reversal in financial conditions, that could have an impact. right now, we see signs of stabilization in the global economy and for the interest rate environment to stay the same. haslinda: there has been a call for governments to top fiscal measures to

china trade deal the european union has cast doubt over its legality the use top trade official has pledged to investigate whether china's commitment to increased purchases of u.s. goods by $2200000000000.00 is w t o compatible the bloc says it won't mount a legal challenge if it finds violations earlier a chinese vice premier insisted the pact complied with the ragged elations of the world trade organization let's take a listen to what he had to say. to reveal which there are 2 important conditions no negotiations the 1st one is not hurting the 3rd parties and the 2nd one is sticking to the principles of the world trade organization china's imports are actually based on the market principle on the rule of supply demand. enterprises import according to consumers demand and the supply demand relationship of the market imports will be scrupulously checked by domestic consumers. so generally we believe that it won't hurt the interests of 3rd parties. to the design of the the chinese vice premier speaking there and now to some of the other global business stories making headlines microsoft's ch

the president also reaching out to britain, france, germany, the european union, france and china toorge a new deal that includes not just iran's nuclear program but it's ballistic missile program and maligned behavior as well. listen here. > >> president trump: of the united states will immediately impose additional economic sanctions on the iranian regime. these powerful sanctions will remain until iran changes its behavior. and we must all work together toward a making a deal with iran that makes the world a safer and more peaceful place. >> trace: the president says that a new deal with iran must also allow iran to thrive, prosper and take advantage of its enormous untapped potential. the president also says he will push nato to get more involved in the middle east process. listen here. speak to the civilized world must send a clear and unified message to the iranian regime. your campaign of terror, murder, mayhem will not be tolerated any longer. >> trace: the president also reached out to leadership saying despite decades of acrimony and confrontation between the u.s. and iran,

your hands seriously enough so it's starting to be more and more of a public concern here in china european union foreign ministers have agreed to look at ways to support a long term ceasefire libya but only if warring parties stick to a tentative truce they agreed to this but it could include a model train mission restarted naval operations to uphold a u.n. . alexy abroad explains. the future. of the shop is at a mock is in tripoli is being discussed thousands of kilometers away in europe the foreign ministers are trying to work out how to secure a shaky truce that's been in place in libya since earlier this month i want to stress once again the fact that we are not the state in a cease fire. we are no troops. which is stable and you know the true scum be by your naked several times a day on sunday in berlin world leaders committed to stop interfering in libya's civil war and to uphold a weapons embargo that's been in place since 2011 but the talks failed to deliver serious dialogue between the warring parties warlord khalifa haftar and the un recognized administration in tripoli. and now all ha

european companies are urging the european union to act now to level the playing field in china's belt and wrote an initiative a survey by the e.u. chamber of commerce in china found european firms were facing quote a variety of barriers to participation in delta including a lack of transparency in the tendering process the initiative aims to establish a massive global network of ports railways roads and industrial parks spanning asia africa middle east and here. let's discuss this report where the president of the e.u. chamber of commerce and china you are good good he joins me via skype from beijing good to have you on the program dark give us a specific example of the difficulties your member companies are facing when they want to get involved with the belt and road initiative we did a survey the end of last year where we are. not a member of just so how many of you are engaged or would you get out of it and again it's 1701 is that you were really to reply and all of the hundreds and 30 more than $100.00 says we actually have nothing to do with this we found just 20 members that act

of course, there is a place for the european union and britain, russia and china, because in accordanceit is everybody‘s responsibility when international peace and security is a seriously challenged as it is at present. that is what the united nations security council was set up for. we know that iran never acts directly and it is the threat of its proxies that many people are concerned about. how easy is it to control them when it comes to international diplomacy within the middle east? these so-called proxies sometimes act at the behest of iran, but very often they do not. for example, we are told that the 50s are backed by iran but the fact is iran advocated against the ta keover is iran advocated against the takeover in sa naa is iran advocated against the takeover in sanaa many years ago. this is a genuine problem because as the commander of the iranian revolutionary guard said yesterday, there is the point —— the possibility of independent action by those, and there are many of them, they are notjust those, and there are many of them, they are not just the creatures those, and th

coronavirus outbreak in china has put the european union health service on alert with the european center on disease prevention control raising its risk assessment of viruses entering the eu from low to moderate. the european commission says it is in contact with officials from france and italy. stress thatike to for the commission it is very important that we coordinate very well responses with all the member states. directand italy have flight connections with the airport of wuhan, which is the region, as you know, where the virus has been detected for the first time. mark: and the world health organization will hold a news conference about one hour from now to discuss the coronavirus. senate minority leader chuck schumer says he is still blabbering -- still lobbying moderate republicans to vote for admitting evidence into president trump's impeachment trial. two republicans have indicated they will vote with democrats. schumer will need two more republicans to have 51 votes. senators are expected to vote friday on whether to allow witnesses. secretary of state mike pompeo says the u.s.

it was just between iran and other countries like china, russia, and the european union however, now, following the death of soleimani, iran feels like it no longer needs to live up to any of its agreements with those partners in the deal meanwhile in iraq, the parliament has voted on a provalgan agreement. the u.s. military has provided a stabilizing force, supporting the iraqi military in its efforts to combat isis however, it was always the ambition of iran to get the u.s. military to leave developments coming out of the middle east. thank you. >>> let's turn to australia. bly through the fires. incredibly treacherous yochl u can't see within a foot in front of you, so far 24 people have been killed, 2,000 homes burned. bindi and robert irwin are taking over for their father to save animals >> two years after the start of the me too movement, the criminal trial will begin for harvey weinstein he's charged with raped a woman in her hotel room in 2014 and sexual assault on another. weinstein has pleaded not guilty and claims thes re consensu consensual. >>> hollywood is half a world

with the european union they have trade barriers where you can trade they have tariffs all over the place they make it impossible they are frankly more difficult to do business with than china. wow. or to begin so that bilateral meeting with an ally didn't go as expected i presume. well you know if leaders in the european union have learned something in these years under the presidency of donald trump then it is to be cautious and to just wait and see what happens even though his statements might sound really badly for them at 1st they have learned to wait and to actually see what happens when they sit down and the negotiating table and if china is more easy to negotiate with the european union with that might be because the european union is a bloc it's a group of countries and that is how european leaders react to these statements as well when they sit down to negotiate. and it will represent the interests of many countries not just one and therefore it is quite normal that we won't see any bold statements or announcements when it comes to just i buy a lateral meeting between donald trump and was it off underline she was in one to merkel's government she knows how to hand

business news is up next with ferguson should be looking at why the european union is questioning the galaxy of the new year was china trade deal stick around. but i don't need to keep up with every available role for the over that's in home the force i'm from the smaller the closeness the minute we can come up with the bottom of a valley that the last dragons in this world has called the hard for 3 years now to the river on. black be our fighters want to start families to become farmers or engineers every one of them has a plan of the initial reaction.

reliance economy has been hit hard by uncertainty surrounding the us china trade conflict on britain's departure from the european union the mcconnell must also blame the government for not investing enough into just isolation. this year's global risks report from the world economic forum has listed extreme weather as the biggest danger the world is facing in the past it was cyber attacks and geopolitics that tended to feature as the leading long term threats to the planet but this year's report highlights a whole host of environmental concerns as well as extreme weather it's live climate no one action not will disasters biodiversity and human made environmental disasters as major threats now it's the 1st time the report's top 5 risks have all phone fallen under a single cush agree. the report's authors have concluded the us climate change is hitting harder and more rapidly than many expected now earlier we spoke to stefan the gumshoe off from the pottstown institute for climate impact research about the impact of these environmental risks. the warnings of scientists have been by and large ignored for more than 50 year

and propping up people like greta thunberg and is not reporting that it is countries like china, the european union, north korea, iran, russia who are leading the world in carbon emissions and have no plan and no intention to actually meet whatever the united nations global missions standards are. i think that rage and frustration you hear in callers like jim is why i wrote this book. i just wanted it to be on record. immigration,about over 100,000 women and girls will be sexually assaulted while making the dangers track from central america to the u.s. border. arrests are federal now immigration related. people feel like they don't hear these truths when they turn on the tv or when they open their local paper. when i wrote about these issues, i wanted them to be in one place that people can go get them so at least they would know and be informed. host: we should point out, and we understand this, if you don't like the question, you might think there is a bias. we tried to take the contrary in point of view regardless of the guests, democrat, republican, independent. we strive every day to the nonp

large isn't telling the whole truth and is going along to get along and countries like china and the european union and north korea and iran and russia who are leading the world in carbon emissions. and quite frankly have no plan or no intention whatever the standards are. so with that rage and frustration that youat hear in callers so the advisers estimate that over 100,000 women and girls are sexually assaulted from making the dangerous track from central america from the united states border. and they are now immigration related. and then to turn on the tv or open the paper for crying out loud. so i wrote about these issues. i wanted them to be on one o plac place. or at least they would know and to be informed. >>host: if you don't like the question you may think there is a bias but we try to take the contrarian point of you no matter the guest and we appreciate your point becca but we do strive every single day to be nonpartisan and fair. it's all on our website go check it out. go to norm in tampa florida good morning. >>caller: goodcall morning. the reason i made this call for the record tha

china. the european parliament has approved legislation to allow britain to leave the european union following the vote today lawmakers burst into song joining hands and singing the scottish farewell ballad auld lang syne britain will leave the european union this coming friday. palestinian president mahmoud abbas has denounced the new mideast peace play and u.s. president proposal calls for a palestinian state but also grants israel control of more disputed territories abbas has labeled the plan nonsense. a charity ship carrying more than $400.00 rescued migrants has been allowed to dock in italy the vessel had been stranded at sea for several days the u.n. says increased fighting in libya has calls more people to risk the dangerous sea journey to europe. this is g.w. news from berlin for more you can follow us on twitter at g.w. news or you can visit our website at www dot com. and coming up after the break conflict zone with sebastian i'll be back at the top of the hour with more world news followed by the day. what about detection of the internet from sort of the oceans will also carry eac

that context very important need totrade relations be forged with the european union, but also the rest of the world, america, chinathat's on the agenda now. and it's also necessary to get confidence back into the markets here particularly into the industry so that everybody understands the trade relations and conditions for the future here in the u.k. carmakersy other moving into electric vehicles. should we be expecting to see electric rolls-royces anytime soon? >> yes indeed. in this decade, rolls-royce will start to go electric. we are working on that already. it's in the making how we say, and i'm not telling you when exactly but it comes in this decade. the brand is committed to go step by step into full electrification and we've announced that a couple of years ago when we launched our 103x.mental car, the we willur path and follow into that. >> looking ahead, where do you see growth coming from in the next year? currently in are that position that we have a well-rounded portfolio. we are well placed in oil markets worldwide. we operating in over 50 countries in the world. i stilll see some growth potential

the devil is in the detail a day off in the united states and china finds a one of their trade deal the european union says it may violate world trade organization rules and we'll bring you the latest. also coming up irony or chivalry alan they've all ted has to invest billions to indian business has a very kind many accuse his company.