The us had just managed to stitch together a truce with china now up in the n. T. Against the European Union and old to stream to over a craft subsidies the u. S. Releasing a new list of goods tariffs worth 4000000000. 00 it includes metals cheese cherries and whiskey the distilled Spirits Council of the United States ones judys would jeopardize american jobs and consumers the World Trade Organization has found the 2 biggest plane makers boeing and airbus receive billions of dollars of powerful subsidies its yet to make a ruling. Lets talk about the Worlds Largest they have a corporate trade dispute with matthew mole from our business desk so matthew w t os taking care of this disputed stake in almost 15 years now trumps taking it into his own hands well last. Well thats right basically this is being on for years and years and years and at the heart of this question was should Companies Like boeing and their boss began receiving government state subsidies and they had to prove the u. S. That you had to prove that there is a bus and boeing respectively were losing business that it was harming trade and its taken so long and if part of the reason that these things that theres so much unhappiness with the w t o and so donald trump has said hes waiting for the deputy were to make a final announcement on this but theyve released the u. S. And trade representatives released thats less than saying you know incentives if we dont get an answer were going to impose these trade tariffs immediately both sides are fault here i mean boeing is subsidized by the u. S. Air bus by the e. U. Should either of these be getting this 8. Thats a question that theyve theyve obviously been battling over for the last 15 years and there are there are. Theres mechanisms by which governments can give aid to companies that stimulate development the key the heart of it is whether or not the aid hans arrival compatriots are you know if youre wanting to do business youve got to have a level Playing Field and thats all thats been at the heart of the video but obviously theres different ideas of what constitutes the hard thing is to work out whos getting harmed didnt in which country which company and there are a lot of players at stake obviously not just boeing and airbus but doesnt this all cry out for w c over for thats what trumps being trying to get all of law yeah well you dont want to have the w t o hasnt been spared from donald trump smash up approach to the world frankly he said that if they dont shape up hes out and that was threatening to withdraw last year im not sure the world frankly in terms of all that 164 members of the deputy you look at the heart of it theyre upset that they think its kind of rigged against the u. S. The u. S. Is the biggest economy its the richest and it should get more of a say but the appeals body is not run like that he thinks that they should have more judges so that the u. S. Wins more of these cases it will take things like this before you. Colfer reform as they say with 164 members but even getting the whole visibility yeah exactly back to the tariffs just briefly whos going to hurt most from these additional all these threats of additional 4000000000 dollars in tires well the u. S. Futures stop plummets of the debt so the future ship stocks that little and u. S. Spirits come so has criticised the times in arms last i said theyre going to negatively impacts farmers retailers they they actually a lot of their membership are you based and Drinks Companies as well they just dont want it the u. S. Is obviously. Has the e. U. Rather his has a nudge them coming to tariffs and earlier this year theyre obviously really worried about the u. S. Coming off the e. U. Cars which would massively damage economies like germany. If the u. S. Starts applying tougher so who suffer more is hard to say but i mean both sides do want to get their i imagine ok the. Conflict its just getting worse and i guess what we need is someone 34 homes on all of these polls and more on this yeah well see maybe the w t o will find a full find a resolution hopefully soon as matthew thank you very much for coming in a report reveals chinas role as a creditor nation is much greater have been reported in official statistics the rest of the world owed china more than 5 trillion dollars in 27. 00 seen the study by germanys killings that you for the World Economy says this poses huge risks to Global Financial stability. Kenyas brand new Railway Linking nairobi and mombasa another Infrastructure Project with chinese credit behind it compared with chinas dominance in world trade its expanding role in Global Finance is poorly documented china has exported record amounts of capital to the rest of the world since the mid 20th century the authors of the Keil Institute report say chinas loans to other countries are often shrouded in a passerby many of these financial flows are not picked up in the official statistics reported to the i. M. F. Or the world bank from the year 2000 to 2017 the total credits owed to china by other countries including direct loans and investments rose from just over half a percent of world g. D. P. To 10 times that peaking around 6. 3 percent in 2016 then leveling out just above 6 percent over the last 2 years. Loans from chinas state owned banks to developing in emerging countries have multiplied in the last 10 years the collateral offered against these loans is often oil or other Natural Resources the Keil Institute says chinas hidden outstanding overseas loans pose serious risks for developing countries some 2 dozen developing nations that have borrowed heavily from china are at exceptional risk of never being able to repay the loans. Shipping song is chief economist the d w a s it manages 700000000000 euros in global assets when as much as china of course but what id like to know is how much power china does actually wield fun actually. Yes china us used the Financial Resources to influence other countries but on the other side it was a hape of the country especially developing countries to develop the economy this is the intention of china but now obviously some projects properly getting to pick the poor would be exceeding the cup us a Financial Capacity of some of the countries under this is a what today q. E. Institute to sate so trying to be no more than it can chew is becoming a rich through Global Financial stability do you think i dont think so because chinese Financial Markets its a pretty isolated from the global anti if you look at the bankers who hate to finance these projects they also made them a financial source of some mainly from the domestic and using the Government Resources what about the money that its pumping into so many different tech sectors right now its becoming a leader in many fields isnt that money thats being put to good use yes i would think so this is also the main Point Movement between the u. S. And china regarding that trade a conflict and that china you know thats not only a Central Government but also a local government invest a lot into r. And d. Research and development and other Companies Side to us well so china actually at the moment has the highest highest stick with the rate of indeed and that this so far we would just say thats a successful. Is it something the west has to worry about worry about there was a very even state that is setting the standards in fields like Artificial Intelligence and. Facial recognition. The research its safe its i think its a its not to really identify any of a country and the question is how you would do use of the technology so far in a china and lots of areas are leading and as. Mentioned a facial recognition im telling the eye of the i. T. Sec to us and to these i think as a host should be beneath it but what we need to spoil the environment a friend world how we use that and i dont think thats would be pose any threat to the other countries and if the other western countries and china would call me chip corporate each other and there would be better for the world as a whole sharing song chief economist at the u. S. Thank you very much for joining us there from frankfurt thank you opec has agreed to extend Oil Production limits for another 9 months the decisions designed to support prices and soak up excess supplies as Global Demand weakens the cost of brain crude is surging and no no pick nation russia joins the talks which continue today. If youre looking for an insight into the state of the Global Economy. And the status of geo political relationships the oil industry is a good barometer. Because prices are still in danger of falling opec heavyweights saudi arabia and nonmember russia have agreed to extend current production limits for another 9 months. Before. Everyone supported the proposition to extend for 9 months the limits agreed to in december. Opec 14 member countries and its allies like russia account for about half of the worlds crude outputs. Benchmark brant crude has climbed more than 25 percent this year after the white house tighten sanctions on opec members iran and venezuela. But prices could see renewed pressure as a slowing Global Economy squeezes demand and u. S. Oil floods the market. Our commitment is to balance the market our commitment is to bring down inventories our commitment is also to call our colleagues to do the same. The extension of output cuts are likely to anger us President Trump they could lead to higher prices at gas stations something he sees as a threat to his Reelection Campaign strategy is worsening tensions between the u. S. And iran could also mean the price volatility remains a challenge for Oil Producing nations. Now hows this for blue sky thinking google says the company loon is sending a load of balloons to its huge supply 4 g. Internet to remote villages as you to reach the country in the coming weeks the company is partnering with local area Telecom Kenya for a trial of the tech its part of a wider effort to bring connectivity to remote parts of the world by floating networking gear a gray areas where cell towers would be 2 weeks pensive to build. Life in business with you. Its. Lucky. Its time to take us to the 1st saw him a tumbler of just such the and the fun for the troops to. Talk to over come down troops and cut. The best time for. A new government is coming up ahead. On this. Takes good personally. With the wonderful news that makes the game so special. True for. The become more than a foot long line. Part of the cross is the call to save europe in what promises to be the Biggest Box Office hits of the summer. And welcome to arts and culture ill be talking about the movie with our film guru scott rocks for also coming up. From a flock of drones to floating concrete blocks the dutch studio drift is taking to the scholar. And the book that scandalized German Society and then became an oscar nominated film in our series 100 job and must reach for his perjury. Box we begin with a new movie from the most successful franchise of old time provided to us by the malvo universe of comic book heroes the last movie Avengers Endgame close the chapter with devastating effects and now a new era begins with spiderman far from home. They go in next on a limb no well no i dont have time to do your job. Kidding im kidding lets keep up to go work because i am going on vacation. Hes going on vacation but scott and scott yeah so whats happening i mean i knew it