this is your business update i'm helena humphrey in berlin thanks for joining me america says it's come to an agreement to reduce china's huge trade surplus with the u.s. by two hundred billion dollars annually now the new surprise the world and china by all accounts the country's foreign ministry now saying it agreed to no such thing say the room is all not true that is what the ministry spokesman knew kang had to say dialogue with u.s. negotiators is currently ongoing what is for sure china has agreed to drop an anti dumping probe into u.s. imports of the sorghum crop used often in food and animal feed. well as bring in our financial correspondent yes go to in new york now yes trump says tomato china seems safe something else how likely is that they really came to an agreement regarding this trade surplus. well after the trade talks between the chinese delegation and a u.s. representatives on friday there are sources from the white house saying or some governmental officials that actually this two hundred billion dollar number is still on the table and i would say it is in general rat

i'm helena humphrey in berlin good to have you with us and germany is losing patience with washington's trade brinkmanship the german economy minister saying raising tariffs is the wrong way of going about things that would hurt jobs in germany europe and the u.s. says delaying the decision as trump did just hours before the midnight deadline is also a big problem especially as businesses have no way of planning for the future. that's die of relief for the european steel industry at least for now the next four weeks the e.u. can continue to sell steel and aluminum to the u.s. with that additional tariffs. back in march donald trump signed off on plans to impose tariffs of twenty five percent on steel imports and ten percent on r.u. many m two weeks later he granted the e.u. and several countries a temporary waiver that exemption ended on may first washington accuses the e.u. of unfair trade practices trump says if no deal is reached within the next four weeks tariffs will be back on the table analysts say now is the time for the european union to take decisive action the. e.u. should do

this is your business update on helena humphrey in berlin glad you could join me now weapons exporting can be a murky business and here in germany six former employees of gun maker heck and call have gone on trial there facing charges of illegally exploiting weapons to mexico prosecutors accuse the company of supplying rifles used in abuses like the suspected massacre of forty three mexican students they say shipments breached germany's weapons control nor by ending up in especially violent states now if found guilty the defendant scruton face prison terms of up to five years. well guns tanks and i mean ish made in germany a popular making at the world's fourth biggest arms exports last year german foreign firms sold forty percent of their weapons to the e.u. and to nato countries now you can see the sixty percent went to other countries around the world every german arms export needs a government license deliveries to nations outside of the e.u. and nato came under particular scrutiny to ensure that they comply with the following criteria so they have to meet human rights standards th

base is your business update on helena humphrey and by lead that you could join us u.s. president donald trump has kept his campaign promise to move europe trying to prevent announcing he is pulling the u.s. out of the iran nuclear deal will concerns now over the future stability of the iranian economy also announcing that he will impose the highest level of u.s. sanctions on iran and any country that helps it with what he calls tech drugs ambition to produce nuclear weapons used a the european union said it was concerned that tougher sanctions could well push the wrongs a clone of me to the brink. the streets of tehran are in a sorry stage the government only repairs the very worst sections of road and to do that they need machinery from abroad including cranes excavators and bulldozers when sanctions against iran with these ten twenty fifteen many western companies seize the opportunity to do business including many german companies back in the nineteen seventies iran was germany's second most important export market outside europe after the usa. last year iranian firm

i'm helena humphrey glad he could join me britain's prince harry has married a us actress meghan markle in a royal wedding watched by millions around the world the bride and groom said i will here in front of a star studded crowd at a chapel at windsor castle and there are a few surprises in store for the guests as the couple now known as that you can duchess of sussex but their own touches to the ceremony. wearing a gown from. meghan markle arrives to meet her prints. walking down part of the aisle on the arm of harry's father prince charles her own father in hospital following heart surgery. but her mother seated right in front of the altar. prince harry the six in line to the british throne and markel a u.s. actor and women's rights advocate met just two years ago and. now the two have exchanged vows. will you take to be your wife where you love. comfortable. and protector and forsaking all others be faithful to her as long as you both shall live i will. say. this ceremony was unconventional by royal standards with a song performed by a british gospel group and an energetic sermon by

is your business update i'm helena humphrey thanks for joining me now germany's flourishing economy keeps on pumping money into state coffers reading much more tax revenue than previously full cost that's the good news now the bad news for the finance ministry has warned against too high expectations for public spending let's take a look at the numbers while an official report to be released tomorrow suggests that german tax revenue will grow from its current level of six hundred seventy five billion euros to ringing at nine hundred billion euros in the year twenty twenty two that's of course substantially more than what officials in berlin were estimating last november germany's bulging coffers a certainly impressive but they could also fuel further debate on the distribution of government funding germany's e.u. plan as a light had to criticize germany's frugality once again and the international monetary fund has made it clear on many occasions that it wants germany to spend more on infrastructure child care refugee integration as well as introducing some income tax cuts well earlier we

from helena humphrey good to have you with us venezuelans are heading to the polls in an election that is expected to hand president nicolas maduro a second term in office will do it or has already cost his vote but opposition parties have vowed to boycott the elections more than twenty million venezuelans are eligible to vote but low turnout has predicted the oil rich country has descended into economic turmoil under socialist government. and indeed this year inflation has reached an all time high more than thirteen thousand percent the rise in prices have hit workers and business owners hard but not everyone is blaming the government. there isn't much cash flowing in venezuela apart from public transport and street food little is paid for with coins and notes most businesses have been forced to adapt to card payments and a reduction in sales. may no i say less and have fewer clients because of the situation it has become too expensive for people to buy clothing or any other personal items. well get out of the. look of arkansas look at an effort feel i let them pay whatever they have.

how about that now it's time for us to fly off it's the end of your business update helena humphrey will be here in the next hour with even more so until then keep it here on the w c. the to. cut cut cut cut cut cut cut. cut three good international talk show for journalists just goes to the topic of the week by moving america's israeli embassy to jerusalem and withdrawing from the iran nuclear deal president trump it's creating facts on the ground in an already unstable middle east is europe able to counter u.s. disruptions join us on fredricka. next on d w. time for an upgrade. funded sure that grows all by. cars with. poor design highlights you can make yourself. ends tips and tricks that will turn your home into something special. a great yourself with d w's interior design channel on you tube. earth a home for saving global otiose tell stories of creative people and innovative projects around the world ideas to protect the climate and boost green energy solutions by global ideas beam by a new series of global three thousand on t.w. and online. w true diversity. where the world of sc

i'm helena humphrey glad you could join me britain's prince harry has married us actress meghan mall in a royal wedding watched by millions around the world well the bride and groom is said i will in front of a star studded crowd and a chapel wins a costal and there were a few surprises in store for the guests is the couple now known as the do you conduct this of sussex but their own touches to the ceremony. meghan markle arrives to me to print wearing a gown from hoshi. walking down part of the aisle on the arm of harry's father prince charles her own father in hospital following heart surgery. but her mother seated right in front of the altar. prince harry the sixth in line to the british throne and markel a u.s. actor and women's rights advocate met just two years ago. now to have exchanged rounds. where you take maggie to be your wife where you love. comfort on a protractor and forsaking all of the faithful to her as long as you both shall live or will. this goes along with their money with unconventional by royal standards with a strong performed by a british gospel group and an

helena humphrey is here with news of volkswagen and the diesel imagine cheating scandal. prosecution get their hands on it? helena: usually in germany authorities do not extradite citizens, but it does depend on the case. that could be a piece of good news for gw ceo -- the dw ceo. prosecutors have charged volkswagen's former boss for his part in the dieselgate emissions scandal. they say mr. winterkorn conspired to mislead regulators and violate the u.s. clean air act. staff at vw in germany support the u.s. charges against their former ceo. german prosecutors say while this is ongoing and will not be affected by the legal process in the united states. reporter: it could not have come at a worse time for volkswagen. the announcement that the former ceo martin winterkorn was indicted, it came soon after their shareholders reading where the new ceo spoke about regaining confidence. >> volkswagen must become more honest, more open, more truthful , so that we don't make ourselves more vulnerable again. reporter: but volkswagen is still vulnerable. the indictment of winterkorn

helena humphrey is here with news of volkswagens former boss facing charges in the u.s. over the diesel's emission cheating scandal but will prosecutors actually get the house and this is a question this is the very big question usually aid to germany authorities do not extradite citizens but it does depend on the case so that could be a piece of good news for the c.e.o. at least nevertheless u.s. prosecutors have charged folks fog and former boss martin been to court for his part and the diesel gate emissions scandal they say that mist of into corn conspired to mislead regulators and violate. the u.s. plane and actually europe say that stuff at b.w. here in germany support the u.s. charges against the four micio prosecutors meanwhile say their investigation into vinci code is ongoing and will not be affected by the legal process in the united states it couldn't have come at a worse time for folks bogen the announcement that its former c.e.o. martin venter cohen was indicted by u.s. authorities it came soon after v.w. shareholders meeting where its new c.e.o. old spoke a

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with me now is my colleague helena humphrey though she was working with the world health organization and the red cross during the previous outbreak of ebola and west africa in two thousand and fourteen welcome helena not the w.h.o. is saying that this new could be a game changer how worrying is that is very concerning when w.h.o. declares something a game changer they're saying that they're very concerned and essentially they're saying that now because we have a case in an urban center in banda a city of one million people trying to picture that i'm rita we're talking about hustle and bustle markets taxis people in close proximity really facilitating the transmission of what is a very deadly disease so that's why they have declared this a game changer now and also you know look at the area for example this is next to the river congo that's a major highway for trade it leads up to can shasta eight million people live there as well as close to the border of congo brazzaville as well as so then there's that you know possibility of international spread so that's why w.h.o. is really tryi

but first it is over to helena humphrey now we are heading to the united states where some big charges have been issued yes that is right u.s. prosecutors are doing what germans prosecutors couldn't they have charged folks fog former boss martin been to court for his part in the diesel gate emissions scandal will they say martin even to comb conspired to mislead regulators and violate the u.s. clean an act media reports say that stuff at b.w. support the u.s. charges against the former c.e.o. general prosecutor's name all say their investigation into vinta court is ongoing and will not affect the affected by the legal process in the u.s. . it couldn't have come at a worse time for volkswagen the announcement that its former c.e.o. martin venter corn was indicted by u.s. authorities it came soon after v.w. shareholders meeting where its new c.e.o. old spoke about regaining confidence. most volkswagen must become more honest more open more truthful so that we don't make ourselves more vulnerable again. model but is still vulnerable the indictment of ventre core now has many asking whethe

closer financial relations are closer look rather financial relations between russia and germany helena humphrey has a story sorry you're right potentially close to potentially also not very intriguing find out sure relations you would be forgiven for asking just want chancellor angela merkel's game plan is when it comes to russia so on the one hand maintaining sanctions against russia an exciting ukraine while simple taney say assisting the country to build this new highly profitable gas pipeline while the united states is starting to punish companies and countries working on the pipeline but it pays it could be too late to stop its. these pipes are supposed to double the amount of natural gas that russia consent to germany a project that both countries are pushing to complete but it could hurt others ukraine relies heavily on transit fees for russian gas that passes through its territory. i'm going to merkel has now promised that gas will continue to flow through ukraine on flow about soy going from dutch i think that's what the of the german viewpoint is that ukraine will have to keep its rol

farsi in bonn we appreciate it and i promised that we would have the economic analysis of this helena humphrey is here with that now we're taking a look today sarah about the consensus many businesses including german companies if they can't doing business with iran because of course u.s. president trump announced in one fell swoop yesterday that not only was he putting the u.s. out of the iran nuclear deal but also that he plans to reinstate sanctions against the country as well as those still party to that deal and working with the country yes they fall germany france and the u.k. say they will remain committed to the agreement and protect the business interests in the region. iran is urging caution it hopes economic interests will keep other countries from following washington's lead it says there's a lot of money to be made in rebuilding its crumbling infrastructure that's music to germany years before the nine hundred seventy nine islamic revolution iran was one of west germany his biggest trading partners it's a relationship german companies would like to pick up again it's an uneven bal

story in the book about that i'm joined here at the big table by my colleague enough humphrey from our business desk helena if you look at the bond market society pretty picture right now they don't like what they are seeing in italy tonight here is how one analyst described it today take a look. you know what i mean. the markets don't know who will end up governing italy or more likely there will be a temporary technical government but we don't know for how long yeah we've had many of them a very in length but the markets need just one thing of certainty. you know they're not getting certainty and the question that we know any time soon now you time soon and we know the political turmoil is nothing new in italy but this time we're hearing is this could be the genesis of another euro crisis is that what we're looking at sent me a haunting the similar narrative i'd say let's take a look at the parallels then italy is a country which did two point three trillion euros in debt that's the highest level in the eurozone as one hundred twenty three percent of g.d.p. and when we saw that financial crisis in greece

i'm helena humphrey in berlin good to have you with us and germany is losing patience with washington's trade brinkmanship the german economy minister saying raising tariffs is the wrong way of going about things that would hurt jobs in germany europe and the u.s. says delaying the decision as did just hours before the midnight deadline is also a big problem especially as businesses have no way of planning for the future. the style of relief for the european steel industry at least for now the next four weeks the e.u. can continue to sell steel and aluminum to the u.s. without additional tariffs.

this is your business update on helena humphrey in berlin glad you could join me now weapons exporting can be a murky business and here in germany six former employees of gun maker heck and call have gone on trial there facing charges of illegally exporting weapons to mexico prosecutors accuse the company of supplying rifle was used in abuses like the suspected massacre of forty three mexican students they say shipments breached germany's weapons control nor by ending up in especially violent states.