A subsidiary of Russias Gazprom and is meant to transport natural gas under the baltic sea from russia to germany directly circumventing ukraine the project is more than 80 percent completed and is supposed to start operating in mid 2020. North stream 2 has the potential to double the amount of russian gas imported by germany the country needs more gas as a stable source of energy when it stops using coal and nuclear power. Democrat and republican lawmakers in the u. S. Fear that pipeline could give moscow greater political leverage over germany and the entire European Union which the u. S. Senate is expected to approve the bill by the end of the week and President Trump said on wednesday that he will sign it into law his soon as possible. First controversy over water way china has denied it pressured the government of the far islands to hew suavely equipment for its 5 g. Network the islands are autonomy as region belonging to denmark chinas denial follows reports the Chinese Ambassador threatened to call a trade deal with the day if waterway wasnt involved in the network danish media quoted in the prior audio recording off the conversation a spokesperson for chinas foreign minister denied such a threat was made saying that if our islands 5 g. Network was its own business. Christine legarde has begun her tenure as head of the European Central bank by keeping euro zone Interest Rates on hold as we speak shes setting out the decisions made during her 1st governing Council Meeting as easy being president rates are remaining at the historic low of 0 percent back has also confirmed that it has restarted its Stimulus Program and will pump 20000000000. 00 euros of new money into circulation each month. Lets bring in chelsea delaying our financial correspondent in frankfurt where the c. B. Of course is based out of the press conference has just started 20 minutes ago roughly tell us. So far Christine Legarde has sort of laid out the case for keeping rates on hold and she mentioned the mixed Economic Outlook that europe is now facing the weak Growth Prospects in the weak inflation prospects she did sound a slightly positive note on a potential bottoming out and in some of the eurozone countries such as the Manufacturing Sector and germany so there is some positivity and their forecast she also is expected to face a lot of questions over the next 30 to 45 minutes about things like a potential review of the e. C. V. Strategy which they havent done in about 16 years that could address things like the persistent undershoot in inflation and the negative consequences of this Interest Rate policy you talked about the. Strategy one thing she has touched the ball before she took over is that she wants to go green a Monetary Policy about how is. There a couple different ways that the e. C. B. Could potentially green their Portfolio One of those is by using their Quantitative Easing Program the Bond Buying Program to buy green bonds so the Corporate Bonds of companies that are seen as green they could also do you leverage some of their nongreen bonds so bonds of things like Coal Companies but i think its important that this is very controversial right now its not clear how this would fit into the mandate of maintaining price stability theres been a lot of pushback particularly here in germany to the to the a potential expansion of of this. Thing of this program so i think i think well have to wait and see how hard its going to discuss a potential expansion in this way over the in this press Conference Today shows that the lady thank you very much for this update. And also some of the other Global Business stories making headlines today stocks in shanghai ended lower on thursday following 5 successive sessions of Growth Investors were probably put off by the prospect of a new wave of u. S. Tariffs on nearly 160000000000. 00 worth of Chinese Consumer goods coming into effect this with. Saudi aramco has achieved its highly prized valuation off 2 trillion dollars on the 2nd official day of trading a surge in stock purchases on the Riyadh Stock Exchange has seen the worlds most valuable company swell a further 3 100000000000. 00 in value in just 2 days to find the expectations of most analysts. Frances main trade Union Federation c g t says transport strikes will continue over christmas unless the government backs down over proposed Pension Reforms france has seen a wave of strikes in the last week over government plans to increase the amount of years people must work to get their full pensions. As a british vote in the u. K. General election is getting underway market watchers are paying close attention to the value of the pound it has surged since the election was mooted in october but given the uncertainty over the outcome of the election the currency is likely to be in for a volatile 24 hours or indeed more. So britons are heading to the polls today to elect a new government its the 3rd general election in just 5 years and could pave the way for britains future in odd side the e. U. Even for dutch fisherman who obviously have no say in todays election a lot is at stake. Through this shit have spent 5 days fishing in scottish warfare is now theyre heading back towards the dutch coast. Corps of onc took over this vessel and the associated Fishing License from his father. Like many ducks fisherman and women he deals in the widely eaten european place the breakfast fogeydom a. The concern here theres still no sense of how things will progress even a potentially chaotic note still isnt off the table. For us it would be best if we could stay in english. Long to everyone not just the pressure of the dutch we rely on being allowed to fish in british territory. Yeah via. Invasion the next morning they reach the city of 10 held there with a catch weighing 4000 kilograms from here much of it is exported to spain and italy. The local fisherman who are formed a cooperative to support each other they think whatever the outcome of frank says e. U. Cooperation with britain must continue. In the north we need to manage the north sea sustainably and preserve the market to get their water and Market Access go hand in hand and in the future they must remain connected to what they. Should access to british waters be curtailed or cost on many of these fish are women and men would no longer be able to make a living. The dutch government is offering Financial Support including incentives to those who want to retire from the jobs that most here cant imagine doing anything else. Fisherman and im going to say one life you know. But for many others here theres a growing sense that bracks it is pushing their livelihoods in peril. Its been a bad year for boeings 737 max jets and its not going to get any better anytime soon u. S. Regulators Just Announced that quote a number of milestones need to be completed before the jets can return to the skies now for boeing employee has accused the company of ignoring chaotic conditions in one factory which could play the cost in the tragedies. As uncertainty continues to cloud the future of the ill fated boeing 737 max from washington comes a message of startling clarity from a man who knew the companys production lines as well as anyone i believe production problems at the written factory may have contributed to these 2 tragic crashes but i dont believe our regulators are paying enough attention to that factory and im calling for further investigation. I formally warned boeing leadership in writing on multiple occasions specifically once before the line air crash and again before the Ethiopian Airlines crash well potential airplane risks due to the unstable operating environment within the factory those warnings were ignored did yourself to me from head pearson worked as a boeing production line manager at this plant in renton near seattle he told us lawmakers that the factory was quote stressed beyond anything in his experience he wants the Production Facility to be thoroughly investigated by the federal Aviation Administration his words have put pressure on the regulator which has been criticized for not being tough enough on boeing in the wake of the crashes none the less any hopes boeing had that the 737 max would be cleared to fly before the end of the year has been dashed by the f. A. A. Who now said the plane will not return to service before 2020. In total 346 people died on the fatal crashes in indonesia and ethiopia both crashes were caused by the same defective Flight Control system used in the 737 max. Some time the germanys savings bank. Settled a decade long dispute regarding the color of their logos both of them the same tone of red. Keep its trademark color. Agreed to use a lighter tone of red. And signage in germany will last the spanish Financial InstitutionsInternational Products and services. The problem some people from had the business here if youll all business news. Business also find us on Facebook Twitter followers if you dont already do so. Up next right after this quick update on global markets. The food and. Grappling hooks some tricks. To express the feelings i am not very creative yet but i would love to be considered an artist one day looking for new perspectives. To him with a replenished face rubio coming up doing things differently to. Come to the place where we reflect on society. March 21 comes to w. D. To know that 77 percent. Are younger than thinks of pot. Thats me and me and you. And you know what its time no voice is part. Of the 77 percent speech obama beat the issues. This is where you cut. The 77 percent this weekend on d w. And now come get me a fictionalization but as affectionately as you can. Slap a mere person in the middle of his Election Campaign in the year 2000 a documentary was filmed for Russian Television the director vitaly months and captured much more was to turn the camera back on the moon of course. The film secretly chronicled a power grab actually everything was on the sun isnt going to. Structure. Featuring tom supporting roles for the bush. Featuring a lead role like youve never seen before let me be clear with your. Good meter for the bridge to the ends justify the means. To terms with uses starts december 13th on d w. The bag the but. This is due to reviews life from berlin a controversial gas pipeline at the center of an economic dispute pits europe and russia against america European Industrial leaders condemned u. S. Sanctions against companies building a pipeline which will carry russian natural gas to germany contractors are demanding punitive countermeasures also coming up moscow which spells to german diplomats after to impose its representatives were kicked out of germany as the latest hits for taps expulsion over the