and as with stephen beardsley coming up after a short break. how about taking a few brands you could even take a chance on love. don't expect happy ending. the church. street. life. full of energy. europe's best rock and pop musicians captivating performances. european concert hall and t.w. . qatar's quitting opec gulf state kisses the cartel goodbye to howard markets reacting to this surprise move. and the u.s. and china have agreed to suspend their trade dispute but only temporarily so how long will the piece last we'll give you the details. this is the business i'm stephen beardsley thanks for joining us the price of oil has surged after russia and saudi arabia agreed to produce output in a bid to curb over supply and development qatar has announced its leaving opec the world's most important group of oil producing nations after almost six decades as a member country says it wants to focus on developing its exports of liquefied natural gas but many analysts also see a political motive behind the move. as far as break ups go this one was abru

this is business i'm stephen beardsley thanks for joining us the gulf state of qatar has announced it's leaving opec the influential cartel of oil producing nations it's been a member for almost six decades she says it wants to focus on developing its exports of liquefied natural gas but many analysts also see a political motive behind the move. as far as break ups go this one was abrupt and seemingly out of the blue here's how qatar's energy minister delivered the news that his country's fifty seven year membership of the world's most important group of oil producing nations was coming to an end the state of qatar has decided to withdraw its membership from the organization of petroleum exporting countries of pick effective january twenty nineteen this decision was communicated to operate this morning opec is made up of fifteen countries it was founded in one thousand nine hundred sixty with the goal of helping members benefit from a steady rise in oil prices so just how big a role does it play globally not present opec nations hold almost eighty two percent of the world's reserves qat

and as with stephen beardsley coming up after a short break. how about taking a few friends who could even take a chance on love. don't expect happy ending. the church. life. long. full of energy.

well i don't know if business reporters general jim alone and stephen beardsley have had a rough year but it's been a busy year that's for sure a lot of corporate scandals to talk about a lot of german corporate scandals to report on and a lot of german corporate stories that really scandals but really got people angry or frustrated or excited jamil what was your favorite well personally i would like to highlight of the buyer monsanto deal that was of course a sixty billion dollars strong deal that saw the world's biggest seed company merge with alert the world's largest pesticides company so you basically had a single entity controlling sixty percent of the world's proprietary seed supply and corning also a big chunk of a chunk of the market on farm data so that basically has a big impact on who farms aware what a big impact on food supply and i feel that that's something we should all take seriously at the end of the day we all need to eat exactly and it was the biggest german foreign takeover and one of the biggest topics about time we're talking about food security which is huge n

well stephen here stephen beardsley is here from business to us to talk about how the british pound is reacting to all the political turbulence in the u.k. right phil the pound is actually a rally that after print prime minister it's recent may said that she would fight tooth and nail a confidence vote is scheduled for later tonight the currency is coming out of a twenty month low against the euro reached on monday that after may pulled a vote on a draft brags that agreement it jumped by half a percent with may's response today and the pound has continued to rise making up some of those losses traders apparently believe they will win and that the u.k. could still avert a no deal. now to help us understand us a bit better let's turn to our frankfurt correspondent conrad. conrad help us out with this. the british government here is sort of on thin ice it seems like so why is the pound gaining. believe it or not stephen a majority of people in the financial world believe that the reserve may well make it that she will survive this leadership challenge and that eventually she will be able

if there's another big story of you summer tonight stephen beardsley is you're going to talk about europe keeping up the pressure on russia that's right bret's leaders extending economic sanctions against russia for another six months citing the ongoing conflict with ukraine now the sanctions target russia's financial energy and defense sectors the ukraine russia conflict flared up again last month when russian forces seized re ukrainian vessels and twenty four crew members as they tried to pass through the carrot straight from the black sea to the sea of us all some e.u. members of called for new sanctions as a response but the block has shied away so far. now it's a land border that continues to block the brags that process that is the border separating northern ireland and the republic of ireland fishing boundaries also battered to both sides of the debate scotland for example fishermen fear there are little more than leverage for future trade negotiations. scottish fishermen from the village of pits and we are skeptical of bricks it promises. although scotland as a whole back to remai