Part of why but could the deal be a headache for europe in the coming months or even a failure a vocal opposition suggests ratifying the deal wont be easy. After the celebration comes the backlash french farmers are among those coming out against the methods or agreement brussels says it will bring their products to new markets while saving 4000000000. 00 euros in customs but many worry about the effects on their local market. And the markets hang by a very fragile balance we add a little more volume prices will collapse and if prices collapse there is no life for us. Hes not alone similar concerns are coming out of ireland poland and germany a focal point is the e. U. Concession to south american beef producers 99000. 00 tons at a lower tariff of 7 and a half percent european b. Producers say their market is already tight and theyll now have to compete against low cost producers. In the eyes of the German Farmers association the e. U. Is favoring car makers above everyone else. Other
This broadcast from around the globe and covering the world of business and finance in the us all im Daniel Britto and im christiane washington heres a look at what on that today that turns have been set by the america trade deal but its far from over ruling party not the president of the u. N. I global union joined the. Bring down by that stake in the deal. Change pensions may have pulled between the u. S. And china but its still a hectic highway for holiday parties alex a helmet and venture for on break it down and later the roller coaster rages on for a bit coin is a krypto has seen its ups and downs and its not good coin as all coins have also taken a beating. Wire ventures is standing by to dig into the details of the who got attacked shoulder those. Lets head right in. A french road block for the trade deal between the European Union and mercosur leads our global report today as finance signals it is not ready to approve french agriculture minister did yelm told members of the Fr
Effectively been steering opec policy in consultation with russia russia is not an opec member but is attending the meeting as part of the opec plus alliance irans oil minister hinted at some of the growing tensions around the cartels de facto Decision Making methods mr big john zangana a warned of what he called the problem of unilateral a zation and more gravely said opec quote has lost its authority and is on the verge of collapse. Oil prices are up as opec and its allies agree to extend supply cuts to at least the end of this year what could have been a hurdle in the decision on iran agreed to the production deal but the country has voiced concern over the current dynamics within opec alex mailed its joins us into war alex 1st of all tell us about this opec decision what do we need to know. Also a lot of what you mention is true when it comes to Decision Making here we look at saudi arabia as well as russia making decisions now that the decision was backed by iraq and also as you j
Effectively been steering opec policy in consultation with russia russia is not an opec member but is attending the meeting as part of the opec plus alliance or winds oil minister hinted at some of the growing tensions around the cartels de facto Decision Making methods mr big john zangana a warned of what he called the problem of unilateral a zation and more gravely said opec quote has lost its authority and is on the verge of collapse. Oil prices are up as opec and its allies agree to extend supply cuts to at least the end of this year what could have been a hurdle in the decision on iran agreed to the production deal but the country has voiced concern over the current dynamics within opec alex mailed its joins us in to watch alex 1st of all tell us about this opec decision what do we need to know. Also a lot of what you mentioned is true when it comes to Decision Making here we look at saudi arabia as well as russia making the decisions now that the decision was backed by iraq and a
A lot of what you mentioned is true when it comes to Decision Making here we look at saudi arabia as well as russia making the decisions now that the decision was backed by iraq and also as you just mentioned iran and they put their 0. 02 and they said you know were going to back this even if were not friends with saudi arabia this is something that we could definitely go for for the next 9 months or so busy and its just an extension of something thats been going on since 2017 we know that these cuts have been in place for quite a while now the prices Oil Prices Going up this actually gave a bit of a boost oil prices but not for long because theres other factors that are in play right now including the fact that the u. S. Is producing more oil than ever so it is theyre pumping it out more than anybody else and theyre not a part of opec as well as the fact that we still have that trade dispute going on between china and the u. S. Which of course production is down so people are using oi