also likes to criticize the rest of the world for being too deeply in debt it wants to have its cake and eat it that s passed as the info in the. germany really does profit immensely from global trade. in two thousand and seventeen it exported goods worth over one point two trillion euros like china that makes the e.u. a big net exporter germany has a whopping two hundred fifty billion euros trade surplus. the us has a deficit of around five hundred billion with many more goods and services flowing in that flowing out and going debt has long term consequences for america. one country is loss is another s gain. we had next for bavaria. rivers here one french meatworks for. a company making products
then there s brics it britain is waving goodbye to the e.u. but what this will ultimately mean is anything but clear how much of a handle does brussels have on the situation and its costs. and last but not least donald trump he s threatening tariffs and the e.u. use vowing to strike back with levies on some two hundred fifty billion euros worth of u.s. exports joining forces against trump for the e.u. that could be a show of solidarity and strength. well let s see what the other side is doing the u.s. department of commerce has temporarily lifted part of a sales ban on chinese tech giant. the ban almost shut down the company in april when washington accused it of continuing to violate sanctions against iran and north korea now restrictions have been lifted at least for the meantime. the temporary reprieve is only until the end of july and conditions under which
a mountain of debt some two point three trillion euros worth saving italy might prove an even tougher job than greece could this mean and atallah exit. then there s brics it britain is waving goodbye to the e.u. but what this will ultimately mean is anything but clear how much of a handle does brussels have on the situation and its costs. and last but not least donald trump he s threatening tariffs and the e.u. use vowing to strike back with levies on some two hundred fifty billion euros worth of u.s. exports joining forces against trump for the e.u. that could be a show of solidarity and strength. that s. enough financial correspondent in frankfurt conrad what sort of fighting position is the e.u. in. in a very difficult position europe is sort of sitting on the fence between the u.s.
the country s headed that s right and it s the konami plans that are raising eyebrows and rattling markets setting off alarm bells in capitals across the u. italy s two anti-establishment parties are reportedly close to reaching a deal after more than two months of deadlock and they seem prepared to exit the euro zone and writing off public debt that s according to a draft proposal leaked by the huffington post that has according to all the reports since changed still markets went haywire the leader of the five star movement benteke grillo shown here during talks earlier in the week wants to spend seventeen billion euros on increasing welfare payments for the poor is like. addition part of the fire i had league wants to introduce a fifteen percent flat rate of income tax and ask the european central bank to forgive two hundred fifty billion euros of debt that was also said to be part of the leaked draft of the euro s lead to
its theme ability ambitions the company announced it was giving up on the research of new batteries for electric cars project bosch has invested heavily into it is unclear why the company is taking the step and hansing battery efficiency and thereby extending the range of the cars has been a key challenge to the automotive sector by twenty twenty five the battery market should be worth about two hundred fifty billion euros and now it looks like they ll be built without any german or european influence leaving european car makers dependent on for us. the world congress is drawing to a close today this year s buzzword of the world s biggest fair for mobile communication in barcelona has been five jeep the network that s set to enable ultra fast transmission of large quantities of data promoters say the arrival of five g. will rapidly transform our lives starting the moment we walk out of our front door