You. Were. The kickoff. So how was. Ours was the best. The best place for. The best go. To sleep the highlights. Kickoff on t w. Inform. And on demand. Language courses. Video and audio. Anytime. After tough negotiations the u. S. And canada finally closed a free trade deal last sunday donald trump is claiming it as a personal triumph talks had lasted thirteen months an agreement was reached only at the last minute. Which. My great honor to announce that we have successfully completed negotiations on a brand new deal to terminate and replace nafta and the nafta Trade Agreements with an incredible new us mexico Canada Agreement
called us m. C. A. D. Upon closer inspection there are few changes between the new trade deal and the old one. Canada gave in to u. S. Demands to open up its highly protected dairy market and both sides made compromises over tariff free auto imports the only completely new aspect is the name nafta is now the United States mexico Canada Agreement canadian Prime Mi
After tough negotiations the u. S. And canada finally closed a free trade deal last sunday donald trump is claiming it as a personal triumph talks had lasted thirteen months an agreement was reached only at the last minute. Which smy great honor to announce that we have successfully completed negotiations on a brand new deal to terminate and replace nafta and the nafta trade agreements with an incredible new us mexico Canada Agreement called us m. C. A. D. Upon closer inspection there are few changes between the new trade deal and the old one. Canada gave in to u. S. Demands to open up its highly protected dairy market and both sides made compromises over tariff free auto imports the only completely new aspect is the name nafta is now the United States mexico Canada Agreement canadian Prime Minister
justin trudeau also promoted the deal as a big success its an agreement that when enacted will be good for Canadian Workers good for Canadian Business and good for canadian families its an
a deal said to be rejected by parliament later today many british businesses are preparing for months of chaos many have been stockpiling shifting investments relocating jobs though no one knows what the true extent of the damage could be and the european union certainly won t escape scot free either by the end of two thousand and twenty the union could see a budget deficit of around sixteen billion euros with germany expected to foot about a quarter of that the german chambers of industry and commerce warns the german businesses may have to fork out three billion euros each year just to pay the new export tariffs on goods headed to britain. all of that doesn t really appealing for a quick market update before this crucial vote let s cross over to our financial correspondent dana cope in frankfurt daniel the decision will be made investments later tonight how nervous are markets before that. you had there chris i can tell you that the traders here on the trading floor they are nervous
prices causing liquidity issues and a twenty seven percent drop in its share price and now thinks splitting into two companies can make it more flexible to deal with the changing global marketplace to some krips supervisory board approved the measure at a meeting over the weekend. the plan will see one company taking over the steel and construction material production with almost forty thousand employees and it turnover of about eighteen billion euros the second will inherit to some krips elevator an automotive component business with around ninety thousand employees and sales of around sixteen billion euros interim c.e.o. we don t care cause we ll had both companies now we will continue and focus more individually on the strength of the two businesses meaning on the material side and on the industrial side and give them a proper set up that they can benefit from their strength and even perform better in their market environments as unions and employee representatives are happy with
elevator an automotive component business with around ninety thousand employees and sales of around sixteen billion euros interim c.e.o. we don t care cause we ll had both companies now we will continue and for. focus more individually on the strength of the two businesses meaning on the material side and on the industrial side and give them a proper set up that they can benefit from their strength and even perform better in their market environments as unions and employee representatives are happy with the announcement as the company says no job cuts are expected and investors are also pleased with the move i think it is a very good solution for all involved parties it s good for the employees because we create better and financially stronger companies that will give them a better outlook going forward. restructuring costs are expected to top one billion euros and it could take up to eighteen months before the shareholders decide whether they ll agree with the split. i ve. included al