in order to get some reforms pushed through on the european level ok we'll have to wrap it there lisa lewis for us in paris thank you. the world's biggest music streaming service is going public in new york today spotify was founded over a decade ago but the swedish company has yet to make a profit last year sales rose almost thirty nine percent to over four billion euros but the growth came at a cost losses mounted from five hundred thirty nine million euros to almost one and a quarter billion sort of as revenues come from users who pay to listen to music stream directly from its internet platform the company has a catalog of thirty five million songs to choose from and seventy one million users so the i.p.o. was highly anticipated but atlast question the timing given the market turmoil over the u.s. china trade dispute let's go over to sophie chametz that she's a little free for us so if you just explain to me how could u.s. chinese relations drown out the music over spotify. when i think first of all i think it's not hard to guess what kind of kompany is going public today you can hear i

back these strikes and maybe later also demos and make actually the government given all right lisa lewis in paris covering the rail strike there for us thank you so much. china's ambassador to the united states said that any new u.s. tariffs would draw countermeasures of the same proportion the fear of a full blown trade war between the world's two biggest economies continues to weigh on markets in frankfurt to germany's blue chip dax index dax is shedding about one percent investors are worried that a dispute between the two powerhouses could hurt and deal rail the entire global economy a fear that is shared in asia many stocks there are also traded lower today the shanghai composite index closed down about one percent. all right here's something exciting spotify the world's biggest music streaming service is going public in new york later today spotify was founded twelve years ago by the swedish company and it has yes to yet to make a profit in twenty seventeen sales rose almost thirty nine percent to over four billion euros to growth came at a cost losses also mounted from five hundre

returning to our top story travel chaos in frogs due to massive walkout by railway workers and lisa lewis our correspondent is standing by for us in paris right now so lisa we've seen the pictures of quite a lot of people there way stations trying to get one of the very few trains that are running today what's the latest development yes absolutely very few trains are running today indeed uncertain train lines it's one out of ten and as you say that the platforms are packed with people these pictures were taken i believe at the gather you know in the in southern paris and these people are trying to get to get a train the train is concert and then they cross the tracks which is obviously it's a bit in here according to the law but they did it to catch another train so lots of chaos really at the train stations people are trying to get the few trends that i have a about or on the other hand taking the car taking the bus and that is causing hundreds of kilometers of traffic jam jam across the country this of course today is is only the beginning many say we could see strikes of that kind to n

depends on the fact if they believe that he can actually do what it is needed in france all right lisa lewis there reporting for us from paris where at the moment at least everything seems to be calm thank you so much. china's ambassador to the united states say any new u.s. tariffs on chinese goods withdrawal counter measures of the same proportion the fear of a full blown trade war between the world's two biggest economies continues to weigh on markets asian stocks traded lower today taking the lead from wall street where the markets were largely way to down by tech stocks fears that further tariffs could be imposed on tech products by china that spooked investors the u.s. is expected to release a list of chinese products that will be hit by the punitive tariffs announced by the u.s. government last week. and among the biggest losers on wall street economist giant amazon it's led by more than five percent of the new attacks from president donna trump and the relationship with the united states postal service claims that the u.s. p s is losing money on delivering for amazon and to taxpayers

back these strikes and maybe later and also demos and make actually the government given all right lisa lewis in paris covering the rail strike there for us thank you so much. china's ambassador to the united states said to any new u.s. tariffs on chinese goods would draw counter measures off the same proportion the fear of a full blown trade war between the world's two biggest economies continues to weigh on stock markets around the world asian stocks traded lower today taking the lead from wall street where the markets were largely way to down by tech stocks fears that further tariffs could be imposed on tech products by china have spooked investors the united states is expected to release a list of chinese products that will be hit by the punitive tariffs announced by the u.s. government last week. and of course europe's main markets in london paris and frankfurt were closed on monday for the east bank holiday today they opened down more than north point five percent and for the latest let's cross over now to our man at the from food stock exchange only bards how's the market holding up ha

in order to get some reforms pushed through on the european level ok we'll have to wrap it there lisa lewis for us in paris thank you. for business to come first back to sydney with an about face from israel's government today that's right ben it happened within a series of hours actually israel canceled a deal with the un to relocate african migrants to western nations it came just hours after the israeli government unveiled the agreement in the first place some hardliners had attacked the deal because it a lot suffered from eritrea and sudan have been living in israel for a decade there around thirty five thousand of them they say they have fled danger and persecution at home in israel they work illegally but the government wants them gone and offer them a stark choice leave the country voluntarily go to prison or be deported to an african country such as rwanda. is that the choice i'd rather go to jail i mean be safe there but many israelis and many supporters abroad condemns the plan an ethical must deportation so prime minister benjamin netanyahu turned to the united nations refugee ag