the head of the international monetary fund has been urging the united states and china to set aside their differences on trade was in the god made the comments in paris at a gathering. of ministers in france washington is accusing beijing of backsliding on its commitment to head off an expected trade deal this week slapping new tariffs on chinese goods just as a trade deal looked likely more uncertainty markets were bullied by news that a chinese delegation would be headed to washington for a final round of trade talks but then the u.s. side revealed why president trump had increased tariffs on billions of dollars worth of chinese goods accusing beijing of bad faith for the stewards of the world economy the stakes could not be higher in paris i.m.f. chief christine legarde issued a stark warning she said clearly that tensions between the united states and china are the threat for the world economy and france's finance minister said the uncertainty could be felt around the world. global growth is slowing down on the first reason why global growth is slowing as the risk of trade war. commission is it would be a good one. and i want to reiterate that my main concern the main french and european concerns. remains the risk of a world trade conflict and war driven by the trade dispute between china and the united states as it is a worrying prospect then that this week will end not with a u.s. china trade deal but with new tariffs and tensions we have now talking to stefan legan is an economist from the university of sun gallants winston stefan why is christine lagarde so worried isn't this just donald trump playing hardball just for the sake of his local audience. well i think both is true of course donald trump is already laying the groundwork for his twenty twenty presidential election campaign but the reason christine lagarde another economists are concerned about the impact is so far everything we seen as an impact from this trade war or trade conflict has been in line with what we expected however the question the big question is what is the magnitude of the impact if that trade conflict escalates further and unfortunately or better fortunately we do not have an recent episode of something like that happening that is we do not have the data to clearly say what will happen if a country like the united states imposes tariffs on all of its imports from china and imposes tariffs of the magnitude of ten fifteen twenty five percent so we can simulate the fact in our models but there's a lot of uncertainty about whether or not these models properly reflect the impact of a major escalation of this trade war stephanie thank you very much. the u.s. has warned india not story tahlia it against washington's plans to end certain trade concessions for the south asian country indian officials are considering raising import duties on some u.s. goods if the white house proceeds with a plan to strap a scheme in place that allows indian goods worth about five point six billion dollars to be imported duty free a proposal announced in march came off the president's drum previously called on in the ad to reduce trade barriers and plant and preferential trade with india has also faced a backlash within washington. the world's biggest beer brewing company on has a bush in bev is planning to sell shares in its asian operations multinational hopes the proceeds will help reduce its one hundred billion dollars of debts brewer is active in more than one hundred fifty. entries and it's five hundred brands include upmarket brands like budweiser becks and corona which are becoming increasingly popular in asia one has a has a market share of about fifteen percent in china alone on the say the i.p.o. could bring in up to fifty billion dollars worth of revenues well over eight percent up from just under five billion dollars. and here are some of the other business headlines from today b.m.w.'s first quarter profits plunged as it has to pay a one point four billion euro penalty related soon e.u. probe over collusion in the diesel gate scandal the comic has said the charge brought quarterly profits down to five or five hundred eighty eight million euros that's wrong seventy five percent less than the same period a year ago the month had warned investors that a big fund from the european commission was likely brussels alleges b.m.w. colluded with dima and folks to avoid competing on emissions control technology. thursday of the car and its two prosecutors have ordered germany's porsche to pay a five hundred thirty five million euro fine for exceeding pollution limits on its fleet of luxury phones vehicles or spare and company funds. subsidiary audi had to pay similar fines for their role in v.w. so-called evil deeds of penalties formal administers of fines and a separate from ongoing criminal investigations the scandal has so far cost b.w. more than twenty eight billion euros in penalties buybacks and other costs. now let's bring in our financial correspondent from frankfurt corner that collusion charges against b.m.w. how is cappello now being applied to german car makers. you know good european commission all the competition watchdogs of the e.u. commission are saying that the comic has formed a cartel by discussing industrial standards for diesel engines and petrol engines and by negotiating what kind of industry to standards they want to promote that way the you commission says the car makers prevented innovation and that's how they formed a cut tell now margaret vest the commission's competition chief she says that this might be stretching the notion of cartel law a little that of course this doesn't fit with the traditional description of price cartels still she says this was a cartel and that's why the carmakers have to pay that fine. fines poles are also being fined a possibility there is so far a german comic has had to pay big fines and settlements in the us is now paid. certainly looks like it and quite obviously you know state attorneys here in germany and also other legal institutions in europe have taken much more time than the americans to find out that there actually was a legal basis for criminal charges for the damage payments for the fine payments but i also have to say you know many of the things that the car makers did before all the scandal the diesel and the emissions cheating came out was not considered to be illegal here in europe all the authorities the authorities didn't really pay attention well only in the course of this scandal the authorities bit by bit found out that there was something criminal going on and that they actually should go after it. on the who's there in front of for us thank you. the turkish lira is nosediving again for the first time since october one u.s. dollar is worth more than six lira investors feel increasingly unsettled by the political situation in turkey countries also going through an economic crisis prices are rising and the general public is increasingly critical of president out of one who has now ordered a rerun of a municipal election in which he is a k. party was defeated. the african national congress is on course to win a sixth term as the governing party of south africa on wednesday that's despite the country's struggling economy president obama who is expected to stay in office as promised to spark growth and decisively deal with the country's twenty seven percent unemployment rate a statistic that translates to more than half of the country's youth being out of work. the african national congress is trying to secure a six the consecutive term in africa's most developed economy a candidate in the may eighth election cyril ramaphosa has promised a new dawn after a decade of decline which is seen south africa regress so fast that only countries at war have fared worse. we are going to create your we are going to go to the basement in our country for first time voters like boy to me law beats a law who holds a degree in hydrology the prospects look bleak the country has just emerged from a recession and growth is only expected at one point five percent in twenty nineteen. i've graduated last year and i have been unemployed for like riposte months now and am i will be voting this year. i'm still kind a bit decided when at. the stifling economic climate is strangling the private sector and many businesses like this security company staring down the threat of closure or bankruptcy. get in one of your own species will basically everybody just turning over the opinion three times the first minute it really isn't in the context coming through the ones that we do go to and we don't we just don't get so in the space of the last twelve months we've gone from having three percent down to considering only keeping this one up and analysts argue a turnaround won't be easy in an economy with more citizens on state welfare than taxpayers. over the past ten years the government under in the c.n.n. in the name of ac has been focused not on growing the economy paying attention to it on the key issues are all the nuking of the state starting from the president ducking words unlike the first half of day in seattle from ninety ninety four to two thousand and seven god. is adamant that his lofty talkin to one hundred billion dollars in foreign direct investment over the next five years will set the country on a new trajectory. beyond these elections the level of confidence in the business community will go high and they are telling me that as well so they're investing a lot in what happens after the elections and won the elections that happened they caught on they were taken with the ever to a womanizer small investment into our country you wait to see my it'll be a challenge even for the man nelson mandela had hoped would succeed him. kicked off. their goals gulmarg but everything is still up for grabs. even after the third to last match of the industry the season. only come german champions. will qualify for europe. and will get relegated. to. the. double. goal. what's the connection between brett biome and the european union he knows gilberto d.w. correspondent and avid baker can stretch this second line with the rules set by the do you. mean. sniffing recipes for success strategy that make a difference. baking bread on d.w. . we're not here to judge but to eliminate prejudices. we're not here to change your opinion but to open some space for different points of view we're not here to speak on behalf of anybody but to let him. able to speak for themselves. not sure to give the right answers but to ask the right questions. were not here to indoctrinate but to listen.