Get. You with us austrias parliament has voted to reject the plant a trade deal between the e. U. And south american nations following the decision from vienna the country might now block the agreement in brussels its the latest blow to whats thought to be a landmark trade deal one that took 20 years to negotiate austria is the latest country to cast doubt on a deal thats been 20 years in the making for the past several months the planned agreement between the European Union and for south american nations has shown signs of on ruffling a trading relationship worth 88000000000. 00 euros a year is at stake the e. U. Exports 45000000000. 00 euros of goods to brazil argentina parikh y. And euro quite each year the markets are a block sends almost as much back. The deal would remove juice shes on over 90 percent of goods the e. U. Exports to america soar that includes cars textiles and chemicals mercosur countries for their part would benefit from reduced tariffs on our cultural products including poultry and beef but images like these of the amazon burning have prompted countries including france luxembourg and arland to threaten not to approve the agreement brazil in response accusing the bloc of using Environmental Concerns as a mask for discontent among edu farmers but with austria now adding its voice to the dissent the way forward for this long fought for deal is paved with obstacles. Of a more lets bring in our brussels correspondent to bear and to sell the deal the way to the deal is paved with obstacles will they be overcome or is this deal simply did. Its not that yet its under fire and maybe it stalled for a while but negotiations are going on and lets keep in mind where we are there is no final text for this agreement yet the un also the mercosur countries are still hammering out this final text and this text with then be tabled to the 27. 00 e. U. Countries so this vote from austria is suddenly meant to influence these negotiations and to see if theres some certain points for the fall as in austria can be kept in this text but find the. Right to for sation ratification process among all 27. 00 them assessment only begin next year as so they are still many steps to be taken and you also have to keep in mind that in austria there will be a general vote in 10 days and then all this can change again the next government but not be by and by this vote to be sore yesterday in the Austrian Parliament so theres still hope for microsoft theres still hope there but just a case in case of a west Case Scenario and it didnt fall through i mean who has downs the most to lose but the farm as in the lead in american countries still hoping that they can export more beef poetry. Through to the to the European Union and on the other hand the european comic has not so chemical plans a pharmacy and machinery is the product. In the main in the brink here of in the in the center of this mess because the you Free Trade Agreement and you have also to see that for Europe Mercosur is the 2nd biggest mark market in the world so its very important for europe and in the streets a lot is at stake there bentley get there reporting from brussels thank you. Stock markets from asia to europe rose on thursday following the Us Federal Reserve 2nd rate cuts in a row jay powell met analyst expectations by lowering the benchmark Interest Rate about a quarter of a percent mispresent trump however has been calling him much bigger cuts Market Reaction has been tempered by a lack of clarity on what the fed will do next china stocks edged up on the expectation beijing will also country its friday. For more im joined by ranko barrett head of Market Analysis at one x. Europe in london good to have you with us from your perspective has the feds done all it could to cushion the u. S. Against those headwinds from abroad. The 1st thing we have to say is that the most important headwinds facing the u. S. Economy and not from a board from the white house the 2 reasons that growth in the United States is slowing as firstly the fading effects of fiscal easing in 2007 change or trying to text cuts and the 2nd of course is the us china trade war so those are both calls growth in the United States to slow now the fed would respond to that slowdown by easing Interest Rates some 50 basis points this year on the whole that is enough to respond to the current trouble thats facing the u. S. Economy some members on the phone see argued for another 25. 00 basis points and we probably will see another 25. 00 basis points this year but unless the u. S. Trying to trade war escalates and the u. S. Economy deteriorates much further we wont see any more easing than that because it probably wont be necessary so what youre saying is that the feds decision yesterday was aggressive enough in order to keep the u. S. Economy healthy. The fed wasnt seeking to be aggressive actually because in their estimation of the economy growth is going to settle at about 2 percent annual real g. D. P. Growth and inflation is going to sustainably converge to target over the next 2 years and at the moment looking at us data the labor markets for a strong inflation is really not far from target its difficult to avoid the conclusion that the u. S. Economy doesnt need aggressive Interest Rate cuts despite what President Trump is arguing quite aggressively i what about those concerns that exist about you as a quiddity which forced the fed to increase the amount of short term funding available for the very 1st time since the financial crisis in 2008 that sounds worrying. Yeah it does certainly look very worrying on the surface the feds approach to the shortage in overnight liquidity at the moment is to view it as a technical issue and as a chip nickel solution in the feds perspective it was true true transitory factors name. Corporate tax payments and also extra treasury issuance these things are temporary so the feds perspective what its able to do is provide temporary overnight liquidity operations which is where its during the moment and then allow its Balance Sheet to grow organically to bring Bank Reserves up and improve that liquidity situation so from that perspective its not a serious indicator of mccray comic stress as in the pasta for example in 2008 shortages and over like that overnight liquidity were all right ranko berridge the head of Market Analysis that money makes europe thank you so much for your assessment. But i call it to the big economy a free market system which runs mainly on temporary jobs thats great for students who want to earn a little extra but overall its a system thats how opens the door to exploiting workers california has just signed a new dole or labor legislation to protect dry chair drivers thats companies such as and lift. Just order by app and the drivers are on their way theyre mostly contractors and often receive no social benefits whatsoever from their employers but now thats about to change. Its a victory for drivers but even more than that its a victory for all of us Going Forward theres a minimum wage if youre injured on the job youll have health care to fight for you right if you move your job youll have Unemployment Insurance so that you can at least get to the next job those and things that lift a new bridge drivers do not editors and if the drivers protests have borne fruit but its a major blow to the socalled Gig Economy Companies after all workers benefits would mean higher costs for them the firms have sharply criticized the new Law Companies are already saying theyre not going to follow the law that surrounds criminal to me its criminal enough that the drivers are some of them sleeping in their car on begging their landlord to wait until that time 3rd 11th or 12th for their chapter. The new law is not just limited to the right handling apps it also applies to other sectors its supposed to protect hundreds of thousands of delivery people care takers and construction workers. The right sharing Services Also exist here in germany whether its a school to a bicycle or a small city car in larger cities you can rent just about anything you need to get from point a to point b. Quickly and it takes a whole a model for us to ensure that these vehicles are always ready for use. The clock is ticking abdullah has around 30 minutes to clean each automobile he services car sharing vehicles all around berlin the customers might just use the cars for a few minutes but when they do the car has to be spic and span. Yellow stuff here is for the summer to clean the cars exterior this years glass cleaner and this one is all purpose cleaner. The headquarters in stuttgart determines which cars have to be cleaned they use an algorithm as the companys boss home it explains to us in a skype conversation. That there are various parameters for example when was the car last claimed if more than 30 days have passed or more than a 1000 kilometers have been driven or 15 to 20 bookings have been made if any one of these is triggered a cleaning order is generated. Get its. Workers known as shepherds take care of every vehicle in their fleet almost every day they maintain electric bicycles for a danish bicycle rental company donkey republic the shepherds can see which bike needs a new battery on their smart phones. Here are the hogs all over the city and we have found a nice rack to find these bikes and for example these boys called the 1st real look for this bike by its name and its way more easy to find this mike and have done our full time employees but there are numerous Small Businesses which service the fleets of vehicles owned by vehicle Share Companies but they work without any Social Security theres never a guarantee of enough orders its a thorn in the science of workers unions. And its basically about how i deal with working people and of course no one is forced to do these jobs its hard work its night work and its very poorly paid but obviously there are people whether they are students and whoever feels like doing this kind of work exist in their distant. Im dumb a is almost done he snaps a few photos so that everything is documented he sends the pictures to the headquarters with his smartphone then hes off to the next. Of his 10 cars a day. That is your Business Update here on d w from me and then. Thanks for keeping us company. Welcome to the what is the gate here for a decent. Place to talk about a. Very. Clear. That 77 percent. Are younger than 60. Cuts me and me. And you know what its time all voices thanks. To the 77 percent. Of. The 77 percent this weekend on d w. Hello and welcome to arts and culture were in the throes of the literature festival here in berlin and well find out more about top african author Chimamanda Ngozi adichie also coming up its back our intrepid baker and europe correspondent your maters returns with his baking bread series and hell be here in studio. But we begin here in berlin at the annual literature festival which is a platform for presenting contemporary developments in all forms of the written word writers and academics from around the world come to the festival as well as of course the literature loving public the nigerian author Chimamanda Ngozi adichie is one of the top African Writers around today and we met up with her at the festival and with. Her presence is enough to feel the holes like you are with the literature festival entirely Chimamanda Ngozi adichie is greeted like a pop star as one of the great voices of the world is richer is also a feminist icon. And really just a writer you know i want to stay home and write poetry and dream but there are things about the world that make me so angry that i didnt want to try and make a difference in her books she deals with racism and sexism at 19 she left