the 30 something that sounds kind of vague, and that is to modernise the world trade organization toor purpose in the 21st century and thatis for purpose in the 21st century and that is really a reflection of things like the digital economy, because we have to remember that the world trade organization is 23 years old but that was the version two already is something called the general agreement on trade and ta riffs general agreement on trade and tariffs and that was from 1947. so it is not entirely weed that we would be talking about modernising yet again, having version 3.0 if you will, and that is kind of where we out right now is. given all that though, how much can they realistically achieve without the us and china, the world's two biggest economies, being in the room for this discussion? is interesting because on one hand, you would think nothing, they can't anything without the world's two biggest economies, not quite contentious and of course in the middle of a trade war, which is illegal in terms of the world trade organization's rules. but on the other hand, it is quite i

trade body is absolutely vital but there's a growing number of players arguing that the world trade organization in its current fashion is dead how could it possibly be safe what's your take i think you're absolutely right it's key to strengthen the multilateral trade mechanism and that's the w t o but we all agree. that there are issues that have to be addressed one would be for instance the protection of intellectual property rights but also addressing overcapacity in isms and not to resort to bilateral isn't and on trump's eyes the major bone of contention remains germany's large trade surplus which is still up hold that this surplus is mainly due to energy prices foreign exchange rates and the quality of german products as you have argued before so is there no need for germany to move at all this is a bit of a simplification of my position of course i mean the point i've made before was that it's key to look whether the trade balance is a result of trade distortions of market distortions or not and in the case of germany i don't see these distortions basically the current account is the resu

and germany central bank says reforming the world trade organization is the best way to solve trade imbalances and. i've been physical and let's do business global stocks are recovering after thursday's massive sell off european shares are a third of a percent germany's dax up half a percent it was a partial recovery in asia saying. percent shanghai was up almost one percent prospect of more u.s. interest rate hikes and is trade dispute with china weighing on him based his mines . and his at the frankfurt stock exchange for us how strong is the recovery. it's not really strong ben yes the german share index is trading a little bit higher than last night but on a weekly scale the german dax is still down around about four percent and look at the graph that the german share index is painting here against the wall of the trading halt it doesn't really look like this is a strong recovery and it doesn't look like the nervousness among investors has really gone away in looks like market turbulence and that is something that certainly not good for a company going public but germany's just had its sec

germany's top central bank has says reforming the world trade organization is the best way to solve trade imbalances. and watch out amazon and online german retailer grows fast selling second hand clothes is this the next big thing. i've been fizzle and let's do business wall street stocks surged in early trading on friday recovering some losses from a two day rout it only took the dow a few minutes to climb over one percent up its began to lose ground the small recovery thinks the powerful earnings reports by leading banks j.p. morgan chase wells. and citibank a reported high profits describing the u.s. economy is strong that echoed comments by the treasury secretary he said the fundamentals of solid and called this week's losses a natural correction in a high market. but see what frankfurt traders think our very own current boozing is that the stock exchange. that graph behind you looks full of doubt. absolutely ben investors here in germany remain very doubtful and i think also in the united states too much optimism isn't warranted either despite today's recovery of the dow jones the s

and so we should use diplomacy and in particular we should use the world trade organization.he united states has succeeded in over 91% of the claims we put before the world trade organization. that is the way to deal with this. particularly we need to go after china, but we should not be targeting our allies like canada or the european union, with tariffs that hurt the farmers back here terribly. soybean prices practically collapsed, and prices for dairy and other industries are very low. farmers are paying the price for that that day to day. mr. perry: our allies, i am sure they are our allies, but they are happy to take advantage of our markets when they can, and they have, and they will continue to do that. diplomacy, unfortunately, has not gotten us any better. and relying on the world trade organization which allows china to continually cheat, regardless of how may cases we win, to continually cheat and count on the world trade organization to deal with america's problems, we are representatives of the united states of america, not of the world trade organization. and th

we put before the world trade organization. we need to go after china. and places for gary and other industries are very low. >> i'm sure they are allies. and they continue and will continue to do that. diplomacy hasn't gotten us any better and relying on the world trade organization, which allows china to continually cheat, regardless of how the cases we count on the world trade organization to do with america's problems. that's what we need to be focusing on. if you's a great message are not a farmer. farmers need it now. mission of our partners, the association of american university of women is to advocate or women. let's talk about the wage gap. will you work toward equal pay for equal work. women are in the majority of our society. equal numbers and perhaps the majority in our congress. they bring a unique perspective and unique ethic with them. i want to make sure she has an opportunity to go out into the workplace. the wages they have, they have to be addressed through a variety of ways. it is just being established by

you have to understand the world trade organization is an organization about trading rules. let me just give you an example of the european integration. not to say that european integration doesn't have any flaws. but one thing i did, they did very well, was before they entered the ex-communist countries of central and eastern europe, into the single market, they made sure that these countries re-wrote their competition policies. so they made sure that the rules on competition these countries had were in line with what brussels was having, and all of the other countries was having. it is only after that they could enter the single market. and now a day, to be honest with you, we hear very little about, you know, some conflict with former eastern european countries which were also communist countries. what happened with the china case, china got access to a club, a club of free trade country, called the wto, but there were no guarantees on how it would handle its competition policy. and the notion was that open markets would bring this about. trade policy will be a substitute

gather in body the head of jimmy central bank says multilateralism and reform of the world trade organization is the best way to solve global trade imbalances. plague. underwhelm will continue i'm on the thought she a new survey of forcing politicians to sit up and take notice it shows support for the bodies of those governing coalition blonds into its lowest level since rick. again many voters switching the regions to florida groupings such as the far right if he and the socially liberal environmental reasons the new figures come ahead of a fiercely contested election in the southern states of bavaria then to voters are expected to punish the conservative c.s.u. party that has run the state for most of the post-war period so obvious seeing a seismic shift in jim these political landscape this if you look at the numbers. if elections across germany were held today the survey shows this is how things stand a chance to macros conservative c.d.u. c.s.u. bloc is at twenty six percent down three percentage points from september the social democrats the other party in the coalition on likewise down

i like to reference the international trade organization around three aspects, one is around sensors or machines. how do you get the data, the water meters, the lighting? how can you use all of that to save electricity, traffic lights, synchronize all those? millions and billions of devices. i second one is more of what we callg for, or what we mobile broadband, like what we call with stream. 4k videos, 8k -- videos, augmented reality. the third angle is taking all of this to the extreme. if you think about it, it can really transform remote excavations, safety, mining, health care. >> mission-critical applications. telemedicine, being able to do surgery remotely. >> disaster recovery, yes. it starts with technology and being able to solve these problems. thisd that's actually what is designed to do. >> correct. >> what is intel's role in this incoming sort of new network, new 5g network? >> we are there from start to finish. we first,that because intel this is a big bet. to make this possible you have to combine what goes on in what we call compute or processing with the eyes and ea

the world trade organization has also issued a dial warning for the world economy if the u.s. and china continue to escalate that trade conflict they predict that a full blown trade war between the two economic superpowers could cause world trade volumes by more than seventeen percent leading to an almost two percent contraction in world's productivity and that's likely to have repercussions for everyone. also complained that there were little signs the two countries were making any progress at the negotiating table. that's all your business. this morning news coming up at the top of the hour thank you very much for watching . the tube. with. me your mazen is. next on. the conflict zone fronting the powerful it really was expected a breakthrough for the moderates in both his latest ally. actually the baby gets really disappointed i guess this week hearing by your look it is not been even it's a veteran politician who lost his seat on the state presidency to a hard line rival goes here heading back could spin to political deadlock conflicts of. interest sixty minutes g.w. . take

focusing on russia it just takes one beaten from one country in the world trade organization to bring the whole thing crashing down it is always two dozen countries but they just go russia moves all of gloss at russia because we're not at war with some of the other ones but we're almost all with russia because they're they're evil it's moscow so that's the new deal brics it in other words russia and these are the two dozen countries they will aim to stop and i should just add today is the day putin macro merkel heard it wonder it is bull to talk about syria no sign it to resume but russia anyway made bricks it according to facebook analytical and i'll let it go to another drop in it after another election arguably being influenced not by russia this time it gets worse well i'm not sure. the news reports thing is prince harry and meghan's fiji visit could influence the outcome of election which election not russia not britain the fiji election a former diplomat says that this could skew the result of a very if you're a pretty authoritarian leader and suddenly you get this couple people

due to negotiation paralysis in the world trade organization, the wto, you can say that the route book on international trade and investment has not been updated for the last almost 25 years. at the same time, there is concern that the actions and qualities are the two largest economies in the world could actually undermine the multi-lateral trading system. china's rights has not seen the emergence of a market economy, quite the opposite, many of the market-restoring policies have created very specific irritants in trade. when talking about industrial, state-own state-owned enterprises, over-capacity, the list of intellectual property. the list is long and i'm sure we are going to get into that in today's discussion. at the same time, the trump administration is calling for a complete reset of u.s. trade policy. it is skeptical of multi-lateral trade agreements, arguing that negotiating one-on-one is best for the united states and also has been very critical of the world trade organization, making the case that it has not been fair to the united states. the trump administration has rev

raise of a destroyed by more russia are getting ready to go russia and nineteen other well trade organization countries the point here is that while they're focusing on russia it just takes one being took from one country in the world trade organization to bring the whole thing crashing down it is always two dozen countries but they just go russia moves all of gloucester and russia because we're not at war with some of the other ones but we're almost at war with russia because they're they're evil it's moscow so that's the new deal bricks it in other words russia and these are the two dozen countries they will aim to stop and i should just add today is the day putin macro merkel heard it wonder it is bull to talk about syria no sign it to resume but russia anyway made bricks according to facebook analytic on a letter with ok to go to another they broke it after another election arguably being influenced not by russia this time it gets worse well i'm not sure. the news reports thing is prince harry and meghan's fiji visit could influence the outcome of election which election not russia not br

you have to understand the world trade information is an organization about trading rules. let me give you an example for european immigration. before they entered the countries, they made sure that these countries rewrote their competition policies. they made sure that the rules on competition these countries had were in line with what brussels was having and all these other countries were having. it was only after that they could enter the single market. to be honest with you, we hear very little about some conflict with foreign eastern companies. they have access to a club but there was no guarantees on how it would handle its commission policy. trade policy will be a substitute for. b the world trade organization is not a world competition society. by and large, you have what's naturally done and the kpooild chi child. the only thing by construction the wto would allow you to do is to use tariffs. >> you can use an anti remember. all the products being covered by dumping cases, which the eu is losing a lot but i think it's only wp. we're trying to get that same leverage

on russia it just takes one veto from one country in the world trade organization to bring the whole thing crashing down it has always two dozen countries but they just go russia moves all of gloucester russia because we're not at war with some of the other ones but we're almost all with russia because they're they're evil it's moscow so that's the no deal bricks it in other words russia and these are the two dozen countries they will aim to stop and i should just said today is the day putin macro merkel heard it wonder it is bull to talk about syria no sign of to resume but russia anyway made bricks according to facebook analytic on the letter with ok to go to another they throw can it after another election arguably being influenced not by. russia this time it gets worse well i'm not sure. that the news reports fears prince harry and maggie and speech even that could influence outcome of election which election not russia not britain the fiji election a former diplomat says that this could skew the result of me if you're a pretty authoritarian leader and suddenly you get this coupl

you have to understand the world trade organization is an organization about trading rules. let me just give you an example of the european integration. not to say that european integration doesn't have flaws. before they entered the excommunities countries in central europe they made sure the countries rewrote the policies and realigned with what brussels were having and other countries were having and only after they could enter the single market. and now we hear very little about the conflict with former eastern european countries and what happened with the china case, china got access to a club, a club of free trade countries call the wto, but there were no guarantees how it would handle its competition policy and the notion was that open markets will bring this about. trade will bring this. competition policy. now we're down the road and chinese is subsidizing its companies. and that's where the problem lies. the world trade organization is not a world competition authority. so by and large you have competition policies that are still very much on the national governmen

i like to reference the international trade organization around three aspects, one is around sensors or machines. like, when you have things like sensors, how do you get the data, the water meters the , lighting? how can you use all of that to save electricity, traffic lights, synchronize all those? millions and billions of devices. a second one is more of what we use 4g for, or what we call mobile broadband, like what we call with stream. how can we all stream or and our house and watch live content? 8k videos. grace: huge capacity. asha: huge capacity. lots of things like education. the third angle is taking all of this to the extreme. in terms of data, like milliseconds. if you think about it, it can really transform remote excavations, safety, mining, health care. grace: mission-critical applications. asha: mission-critical applications. grace: telemedicine, being able to do surgery remotely. asha: disaster recovery, yes. it starts with technology and being able to solve these problems. grace: and that's actually what this is designed to do. as opposed to what we had worked on be

i like to reference the international trade organization about the three aspects, one of it is smart cities or sensors or machines and like when you things like finches, how to get the data, the water meter, how to get the lighting, how can use all of that to save electricity, traffic lights, synchronous all of those. millions and billions of devices. i second what is more what we use 4g for what we call like mobile broadband like we watch, we stream. how can we all stream or in a house and watch my content? for dvds, eight k videos, augmented reality without wires. huge capacity and lots of applications like education. the third and was taken all of to the extreme. with tons of data like this like milliseconds that if you think about it can really transform like remote excavation, safety, money can healthcare, asian critical application. >> telemedicine. >> yes. >> been able to do surgery remotely. >> it might sound extreme but it starts with technology ending up to solve these problems. >> that's what this is designed to do as opposed to what we worked on before in a previous -- >>

finances the european union norway russia and other countries have formally asked the world trade organization to set up a resolution panel to address the united states' higher tariffs for imported steel and aluminum the countries believe the tariffs are not allowed under the beauty of the rules establishment of the panel means the w t o members have failed to come up with a resolution among themselves and the w t o is now stepping in as an arbitrator the rulings of the paddle must be implemented immediately according to don't you t o rules. let's go straight to new york where our financial correspondent us cause is standing by hi yes well we've seen these tariffs they have been in effect a few months now have they really had any effect on u.s. business at all. you know we do see that costs are going up for companies who produce canned soups for example. all the way up to companies who make planes or cars but when we talk about steel we have tariffs of twenty five percent when it comes to minium it's only only ten percent or so that is manageable to a certain degree but we hear some companies

in addition to japan commitment to the world trade organization which was given i will make all our efforts toward negotiations which would give rise to enormous free trade area in east asia, and more than anything else i've i value our new trads with the united states. for many a year both japan and the united states have led the free trade system forward internationally. evidence of that, japan dreck investments greater employment in the u.s. for some 856,000 people nationwide, a quantity second only to what the uk has brought about. at present in contrast to the 1.74 million vehicles exported annually from japan to the u.s. the number of japanese cars manufactured within the u.s. is 3.77 million. this is a win-win situation at its finest. i can for japan and used to continue this kind of relationship between us but this is hardly unique to our bilateral ties with the u.s. under the flag of free trade come japan has with any country and in the reason the relations in which we each can be of assistance to the other. we will continue to do this going forward. in order to expand free and fai

french foreign minister john baptista one called for an overhaul of the world trade organization the order that is effective and efficient modernization of the w. cio. austria currently her. the six month rotating presidency of the european union it suggested e.u. countries could focus trance atlantic talks on regulatory cooperation like safety standards for cars pharmaceuticals and medical devices e.u. ministers are preparing themselves as best as they can for the upcoming meetings with the u.s. negotiators but all their plans may have to change in an instant depending on the whim of the hewas president. and we stay in the us where the midterms are just around the corner in november the elections will be widely considered a referendum on donald trump's performance as a president and as the old saying goes what decides elections it's the economy stupid that should worry republicans as the us economy is doing just fine as shown by most recent figures but the question is are average americans profiting as much as their companies. workers at online retail giant amazon in the usa now ear

i like to reference the ip or the international trade organization around the three aspects. one of it is the sensors or machines and like when you have things like censors, how do you get the data? how do you get the water meter? how do you get the heighting li traffic lights and synchronize all of those. millions and billions of devices. a second one is more of what we use toward g4 and what we call mobile broadband and we stream. how can we all stream more in our house and watch live content, 4k videos and augmented reality without wires. >> huge capacity. >> huge capacity and lots of applications like education and a third angle is taking all of this to the extreme which is tons of data like this and like a millisecond and if you think about it it can really transform remote excavation, safety, mining, mission-critical application. >> and telemedicine and being able to do surgery remotely. >> disaster recovery. >> they all sound the same, but you know, it starts with technology and being able to solve these problems and this is what is designed to do as opposed to what we

did not sound very convincing i mean those proposals to threat strengthen the w t o the world trade organization or the t.p. p. the trans pacific partnership one important player is not taking part in this and this is the united states and what i've got and her team of the i.m.f. have been very hesitant to directly criticize the united states and its administration in the face of course a lot of those dangerous undercurrents that the i.m.f. has talked about there in bali are addressing american policies you know the trade policies the tax cuts that sort of influence a worldwide financial flows stuff like this one of the one of those undercurrents of course is the trades conflict between the u.s. and china and that seems to be as good as in further now the americans are suspecting turn see a money bill asian what happened here was more. well steve who is the secretary of the treasury the finance minister of the u.s. has said that the americans are looking into this tomorrow is supposed to meet his chinese counterpart at this i.m.f. meeting in bali and he said that he would address the topic there

senior ministers from thirteen nations later this month to discuss the future of the world trade organization however only ministers from quote like minded countries are invited and that means the u.s. and china off the list the like minded include australia japan south korea and the e.u. the talks will aim to find consensus on reforming the w.t. older canadian trade minister said that countries that believe in international free trade can join talks in the future president trump has been repeatedly critical of the w t o saying it treats u.s. companies of workers unfair. to russia now where trash and costs for removing it are mounting starting next year citizens are supposed to participate in garbage separation the move is also intended to lower the cost of waste management a small town is already trying to see the benefits of sort of you know trash. a street party in surrounds a small town six hundred kilometers east of moscow it's being held to encourage locals to sort their waste something few people in russia do among the organizers is twenty two year old political science student victori

french foreign minister john baptista one called for an overhaul of the world trade organization the w t o. and we shouldn't respond by all flexing our biceps europe is committed to the reconstruction and the rich foundation of an international commercial order that is effective and efficient he said modernization of the w. cio. austria currently holds the six month rotating presidency of the european union it suggested e.u. countries could focus trance atlantic talks on regulatory cooperation like safety standards for cars pharmaceuticals and medical devices e.u. ministers are preparing themselves as best as they can for the upcoming meetings with the u.s. negotiators but all their plans may have to change in an instant depending on the whim of the hewas president. trade with the us is not the only issue on the agenda and info ministers have also discussed italy and its ongoing standoff with the e.u. it's only has accused the european commission of ruining its romas determined to fulfill its electoral promises of lowering taxes and lowering the age of retirement that would increase

countries is definitely starting to have an impact around the world, when you look at the world trade organizationso that is unhealthy. u nfortu nately, impact on so that is unhealthy. unfortunately, we're going to leave it there because i could talk about all day, but thank you very much for coming in and sharing with us your thoughts. thank you. let's move to the us now, where the white house is raising the pressure on saudi arabia over the disappearance of journalist jamal khashoggi. the us treasury secretary steve mnuchin has announced he won't be attending saudi's future investment initiative — the high profile conference being described as "davos in the desert". he joins a growing list of business leaders who are now boycotting the event, as samira hussain reports. this business summit in saudi arabia gives them a chance to secure lucrative contracts in the country. so the financial benefit attending could be quite significant, but in the end, there was just too much pressure on people to pull out, including us trade secretary steve mnuchin. ministers from france and uk already had an big na

and it's also been very critical of the world trade organization, making the case that it has not been fair to the united states. the trump administration has reverted to what we call managed trade tactics, and that is trying to set outcomes to try to reduce bilateral trade deficits. and it's very clear that the tool of choice is tariffs. there will be a lot of discussion today i think on tariffs and quotas. and of course we all know that the u.s. china trade war has escalated very very rapidly. now, while all of this is going on, while we see tariffs and quotas increasing, it is also very true that countries are very -- governments are very actively negotiating trade agreements. so japan and the european union have made the case that they still believe that more bilateral trade agreements are best and they have actually negotiated some very large, what we call mega trade agreements, the comprehensive -- cpp and other trade agreements. the trump administration was not very happy with the korea trade agreement or north america trade agreement, they renegotiated them. we will discuss wha

imports it also filed an official complaint with the world trade organization washington then followed up with more than two hundred billion dollars worth of terrorists against china who were tired of it by imposing sixty billion and levies also china has announced it's stopping all american oil imports one of the country's top crude carriers says business has quote totally stopped beijing had been the second largest importer of us oil jeffrey albert tucker from the american institute for economic research thinks that china may have the upper hand in this trade war. do us is definitely an old news because if you look at what's happening in the china right now they're actually lowering terrorists on many goods or. from imports from other countries besides us like actually lowering tariffs so it's actually a good thing for chinese consumers and it's good it's credit helped the chinese economy and china is seeking to become. independent in terms of its fuel needs from the u.s. going forward this is a presumption widely shared all over china conservatives not just republicans are taking ka

this world trade organization and what does she do that she talks about seeking respect from the e.u. the other thing well why would they respect you if you're not actually telling them what it is that you intend to do and you keep on asking how do we leave can we have this can we have a little bit respect somebody like that i don't want to leave anyway they've got no incentive whatsoever to offer us a good deal so i wouldn't respect her either if i was in that position of course the other big bit of news coming out the. conference was sort of course is speech described as inspirational by some m.p.'s do you think the former foreign ministers got a chance. well having a shot at the leadership on negotiating a bricks that perhaps many many pieces. well as yourself in his own party would like to see. well i think it's always pretty much about boris it's about his career prosper i mean he was a reminder for a very long time himself i think he's already seen which way the national wind is blowing on this i think you know obviously there was a lever i think the national mood actually if yo

the european union, norway, russia, and other countries have asked the world trade organization to set up a resolution panel to address the united states higher tariffs for imported steel and aluminum. the countries believe the tariffs are not allowed under wto rules. that means that wto members have failed to come up with a resolution themselves and the wto is stepping in as arbitrator. the rulings must be implemented immediately according to wto rules. let's go straight to new york where our financial correspondent is standing by. we've seen these tariffs. they have been in effect a few months now. have they had any effect on u.s. business at all? >> we do see that costs are going up for companies who produce canned soups for example, soda, all the way up to companies who make planes or cars. when we talk about steel, we have tariffs of 25%. when it comes to aluminum it is only 10%. we hear some companies actually pointing to some margin pressure. they've tried to switch those cost increases to the consumer, who will feel some of the pain. on the other side, some companies profit fro

metal targets reaches the world trade organization several countries are pushing the global body to review the charges. this collective results of disputes sense woman reflects the serious concern of the membership of the united states actions norway is worried that the united states would offer a proposal to justification that is so evidently divorced from real world security concerns. you may recall donald trump slump the name portraits of ten percent of the many among twenty five percent on steel bach in march america's biggest trade partners retaliated with taxes on a long list of u.s. goods by king strategist peter strike thinks trump is not motivated by economic gain to become a highly political highly charged environment you know there's additional political threats that you know if if the rulings don't go in the u.s. is way. that the u.s. would withdraw from the deputy oh it's important to realize that everybody recognizes that the tariff moved in the name of fair trade in the name of security is more from a change of america's strategic position then it is about trade this idea of

french foreign minister called for an overhaul of the world trade organization, the wto. >> we shouldn't respond by flexing our biceps. europe is committed to the reconstruction and re-foundation of an international commercial orator -- order. >> austria currently holds the six-month rotating presidency. it suggested eu untries could focus transplanted talks on revelatory cooperation like safety standards for cars, pharmaceuticals, and medical devices. you ministers are preparing themselves as best they can for the meetings with the u.s. but all their plans may have to change in an instant depending on the women of the u.s. president. -- on the whim of the u.s. president. >> the u.s. elections will be considered a referendum on donald trump's performance. as the old saying goes, it's the economy stupid. that shouldn't worry republicans as the economy is doing fine. the question is, are average americans profiting as much as the companies? >> workers at online retail giant amazon in the usa now earn a minimum eighth of -- a minimum of $15 per hour. business is booming in the u.s., compani

allies are rounding on washington and say trade dispute over metal taurus reaches the world trade organization mexico canada european countries to say there are alarmed by washington's behavior and the potential damage it could cause this collective resorts to dispute stance woman reflects the serious concern of the membership of the united states actions norway's worried that the united states would offer a purported justification that is so evidently divorced from real world security concerns ok some of the facts all of this donald trump slapped an import charge of ten percent and twenty five percent on steel back in march america's biggest trade partners retaliated with taxes all along list of u.s. goods by king strategist peter rosen strike thinks trump is not motivated by economic. it's become a highly political highly charged environment you know there's additional political threats that you know if if the rulings don't go in the u.s. is way. that the u.s. would withdraw from the it's important to realize that everybody recognizes that the tariff moved in the name of fair trade in the na

helena: the world trade organization has issued a dire warning for the world economy if the u.s. and china continue to escalate their trade conflict. they preredict a full-blown trae war between n the two superpowes could cucut world tradede volumy over 17%, leading to analyst 2% contraction in world relativity. that is likely to have repercussions for people everywhere, not just the u.s. and china. wto members complained that there w were few signs of the to countries were making progress at the negotiating table. just a reminder, the top stories were falling out. a hurricane described as extreme the dangers has hit florida. hurricane michael is heading inland from the gulf coast with winds up to 250 miles -- kilometers per hour. u.s. president donald trump say his h he has demanded answers fm top saudi officials in the case of the missing saudi journalist. jamal has not been seen since he entered the saudi consulate more than one week ago. you are watching dw news from berlin. i am helena humphrey. we have plenty more coming up the top of the hour. you can get the latest on our