one of germany's legacy and dust trail companies siemens is to build a big start of campus here in berlin the move comes barely a week after google dropped similar plans also on the program as the tenth anniversary for the world's most famous crypto currency where does bitcoin stand a decade after its introduction and panama introduces a tourism card for cuba can it help the caribbean nation gain more investment back home. i'm krista coburn bilin good to have you with us siemens is putting six hundred million euros on the table to finance and innovation center here in the german capital it's meant to be part of what some hope will become a german silicon valley one day the investment would be the biggest of a single company in the city since world war two and then the announcement comes only a week after google withdrew a similar proposal due to massive protests the local neighborhood and lack of political support. berlin pulled out all stops to get the signatures that would make this possible and bring siemens back to its birthplace in the german capital's northwest revitalizing a part o

it watching the news live from berlin we do have more coming at the top of the hour in the meantime you can get all the latest news and information around the clock by logging on to our web site that's d.w. dot com you can also follow us on social media we are at the news thank you for joining us. if you ever have to cover up a murder best way is to make an accident. raring to. never read a book like this one i. missed. the streets. i'm not going to think out of the gym well i guess sometimes i am but most of the things which are the research of mistakes deep into the german culture of looking at the stereotype the question that you think you see for the country that i not. yet you don't seem to take in a scrum on their own you know it's cold out there. i might show joins me from the german sunday w. . post. turkey's present rich of type area one inaugurated one of the country's largest infrastructure projects on the ninety fifth anniversary of the republic's founding it took just four years to build a massive project from scratch something proud airport chief executive countries some s

it watching did up the news live from berlin we do have more coming up the top of the hour and don't forget you can get all the latest news and information around the clock by logging on to a web site dot com also on social media we are at the news thank you for watching. you can tell a lot about a society by its garbage. says it's worthless for the rich but for many people it offers their only chance of survival. and i could be hundreds a day just lying to. reporters travel to nairobi to work and to meet people who know the true value of garbage. it has created a thriving parallel economy. but it doesn't have this mean for economic inequality around the world you guys are starting class warfare the response to that statement should be yes we are starting to as walthew. the rich and the trash exclusive report starts nov seventeenth on t.w. . turkey is present rich of time to air to one inaugurated one of the country's largest infrastructure projects on the ninety fifth anniversary of the republic's founding it took just four years to build a massive project from scratch something pro

more ben falloon will have more in just a minute that is coming up here on news i'm sorry kelly in berlin you're up to date thanks for watching have a great day. where i come from we have to fight for a free press and was born and raised in the media telling the painter she would just want to be shot now and if your newspapers when official information as a journalist i have walked off the streets of many characters and their problems are always the same towards you solution inequality a lack of the freedom of the press. corruption work on the floor to stay silent when it comes to the sounds of the humans and see them right through fools who have decided to put their trust in us. my name is paris and i weren't. even mean. to do that at. china puts on a massive show of economic openness and import trade fair in shanghai full of promises that president xi jinping remains fuzzy on details and to trade or not to trade that's the question for many multinationals doing business with iran new sanctions are in full swing and they could mean big penalties. i mean physical and let's do business the

a be ashame and that's it for me and the business team here and berlin will have an update for you in the next stop your amassed is next before that he has a full time check on global markets at this hour thank you very much for watching business bob i. want. to move. you heard. caravaggio is a line from. well. my performances of his most famous paintings are entrancing million. stage and on the internet. the old monster that's become my muse stock. kind of conjure. hundred small thieves in my. where i come from my jaw remains an important means. transmitting mules and form ish and when i was young my concert was wrong each one contradicts the war strong enough to keep most people want to cause them. to see. if one's mind told to turin one. just say so thought everyone in the town. and listen to those against say. nothing has been from inside my copy out in john's more islam so long to even talk to us i was a twit and for all. my choices in the scott because given the way he told transmitted to the troops. men in the grass mom much and i will. veto. it. if. i run a welcome to another

german engineering giant siemens is investing six hundred million euros in an innovation center in berlin it's called future campus and it aspires to become germany's silicon valley it will be home to research labs and high tech production facilities for startups as well as welcome space for affordable housing in a city with a housing shortage it will be based in the company's birthplace. which is already the company's largest production location with eleven thousand workers. german mater rest have filed a class action lawsuit against volkswagen for emissions cheating it's the first such suit in german history only made possible by new legislation the plaintiffs say v.w. deliberately cheated them by using software that artificially reduced emissions tests readouts class action is common in the u.s. where v.w. has already had to repay the purchase price of diesels to most of its customers. germany's unemployment rate fell below five percent in october the lowest level ever recorded by the federal employment agency less than two point two million people were employed here the rock solid lab

i'm seeing bears in berlin thanks for joining us it's that time of year again black friday has american shoppers looking for huge bargains an estimated one hundred sixty four million of them are expected to hit the stores over the weekend the shopping frenzy signals the start of the holiday gift buying season a critical period for retailers both in traditional stores and online. it's midnight. and it's off to the races. so many on thanksgiving off to the tacky dinner comes the shopping frenzy installs all across the u.s. thousands of customers ah bogen hunting the holiday shopping season has begun. this is such an exciting day for us this is where we pick up our holiday feel that you know macy's really shines during the holiday and we celebrate with tens of thousands of our customers and this year is no exception we pulled out all the cops offer great gifts at a great value. everything is on sale discounts a huge clothes electronics first come first serve. ok so it's worth waiting it's freezing cold my hair is a literary ice but i don't care if this is a great opportunity you can save o

germany holds to the compact with africa summit in berlin this week and the government here pledged a billion year old foreign investment fund to boost business in african countries it's aimed at small and midsize german companies that tend to shy away from africa and have little experience of the risks they are. compact with africa as the g twenty initiative has already attracted a total of two hundred forty three billion euros in pledges it's hoped the investment will curb illegal immigration to europe by creating jobs for young africans he's. south africa is one of few countries not at war where adults are more likely to be out of a job than in one joblessness is particularly severe for the country's youth seven out of ten young south africans are without work. paul or mama loko could easily have fallen into a trap of remaining idle. in south africa youth unemployment is that really bit because when i stay in my state in each and every house there's a there's a young person who's sitting home not having a job you know taking that i'd skills to get a job rather than not from a local

i'm stephen beers in berlin thanks for joining us the u.s. has reimposed sanctions against iran forcing even more businesses to cut ties with a middle eastern nation leaders in tehran have compared the measures to a declaration of war caught in the middle are normal iranians whose daily lives are becoming much harder the headlines of iran's newspapers may be defiant but the real story is bleak for many in the country above all the sanctions are taking a toll on those already struggling to make ends meet. i've come to the market to shop and you could tell the prices of goods are different than they were before when you want to buy something you can see the effect of the sanctions i mean even on top of all that it will i don't know how long this is going to last. you know how long we can resist. and whether our government will be able to find solutions for the sanctions and save us. right now we're in a world cool and i hope we don't drown. the fear is quite real the trump administration sanctions package is designed to hit the most sensitive s

has also been the subject of heated debate here in berlin where many young brits had their first taste of studying abroad. i think the u.k. or at least. employees in the u.k. want to employ more local people now or at least see it as something that's going to be easier and more practical for them so i think that is something about that could definitely affect foreigners brits living in the e.u. are concerned about how freely they'll be able to move once britain leaves the european union. also just in terms of the friction of like moving from one place to another you know i don't know now let me back to the u.k. moving a truckload if everything is that going to be subject to some kind of you know. basically to make things worse specify. but others maintain that britain is unlikely to burn all its bridges with europe which get half and i was does i think that in the long term they'll be at least an agreement for either members and citizens because otherwise britain would end up cutting itself off economically and i don't think that would make sense in the long term. just as. with so many

coming from berlin you only have to refill once. i'm christopher caldwell welcome to the program a contentious budget brawl is heading for a showdown european commission is likely to formally reject italy's budget for the next year paving the way to unprecedented fines russell says wrong needs to rein in spending as italy's already huge mountain of debt could trigger another crisis you tell your government however insists on higher deficit spending saying it's the only way to stimulate economic growth and ultimately bring down that let's. early retirement the basic income for everyone promises that helped italy's governing parties win the election earlier this year especially with older people's votes many in this market want to see those promises implemented and hope the government won't bow to the e.u. commission you know you're almost if i have great confidence in this government so you know i hope they'll help us not like the governments of the past that have ruined us i believe in. italy's debt has grown over the years to reach

joined by guns and i want program director at the european school of management and technology here in berlin but he with us the first question it comes to mind of course is just germany really need its very own electric battery sales production facility well you have to think that. batteries are a commodity nowadays so you can buy them anyway and they were. predominantly offices in asia and south korea japan china and we have had some experience with trying to establish a commodity production in germany with a photo tyke solar photovoltaic cells and that was that it not play only well and now it's all they called the news that were heavily subsidized then quiet by asian competitors and so that. miserably failed so in that respect i would say trying to get into a commodity market is something different than for example trying to build a complex airplane like this with a national champion or european champion. and so i would say it is not necessary to . put a lot of money into this pot and especially i mean this is a real push by the government also on the level to bring electric battery sales

unpack it here but i had an unfinished ney's a professor from macroeconomics and economic policy at berlin's university of applied sciences for engineering and economics law comfort and many businesses were worried about access to the common market was a problem solved. i would say solved but the treaty as we have it on the table right now looks like it could souls at least for the transition period the main problems that have been expected in the context of rex and so if the treaty actually goes through the parliament which is still an open question obviously but if the treaty is actually signed then i guess the main worries about the brakes it situation are bit east because we simply then have a continuation of the current situation in a way which is interesting because it doesn't really change the situation also for the united kingdom but it also doesn't really change the situation for many firms and end up prices so in a sense problems are solved for now but obviously the transition period is only a transition period and we don't know what happens after twenty twenty or whenever the tran

i'm seeing there's in berlin thanks for joining us there's been a record amount of donations made in the run up to today's mid-term elections in the u.s. among those spending money seventeen german companies which have contributed to u.s. senate and house races. in total german companies gave two point six million dollars for this election to both republican and democratic candidates among the biggest donors are chemical company b.s.f. and telecommunications firm deutsche telekom with more than six hundred thousand dollars each contributions by pharmaceutical maker buyer clocked in at two hundred sixty thousand dollars. now to shed a little bit more light on this my colleague miles or of a column is here with us in the studio malta two point six million dollars where's this money go and it funds the candidates campaigns quite simply speaking it goes to both the democratic and republican candidates as we've heard german corporate money this year. mostly to republican candidates fifty nine percent of the money. and essentially companies are putting the money where they think it will be

you're watching news coming to you live from berlin more coming up at the top of the hour see you then if you can. once a difficult teenager from a troubled neighborhood. now an award winning chef. certain results of on work hard for success. is known as project. high end cooking with social conscience. from outsiders to celebrity chefs. not. d.w. . cannot. come. close to. the first of the results twentieth century. the more to end all wars cost millions of lives. one of. them blood marks the hundredth anniversary of. what has humankind learned from the great war. as explained above it's real peace and impossibilities. one teenager not forgot to w.'s november focus. when second was in high school few would have predicted he would go on to a stellar career as a mission all star chef. moving piece of whenever i hear the words you can't do that it motivates me it makes me think it's watch me. his latest project is an ambitious one a gourmet restaurant that employs people with and without disabilities. a project that first met with widespread skepticism. on car lots of people said you can'

that's it for me and the business team here in berlin faxes of a company ceasing. to. cut. cut cut cut cut. cut cut. cut. cut cut cut cut cut cut. cut cut. cut. cut cut cut cut cut cut. cut cut the food. calling for the. digital technology to help make our oldest claims and received a login apology. to. the and you can tell a lot about a society by its garbage. the fitzmaurice looks for the rich look for many poor people it offers their only chance of survival a and i could be on for today just like us. our reporters travel to nairobi and organise ends meet those are true fellows courage. this has created a surprising parallel economy a model what does all this mean for economic inequality around the world as a starting place wark you know the response to that state mr b. yes we all starting class want here because retirement. actually disrupt an economy the law the rich the and the truck snoozers report starts november seventeenth on g.w. . ok. ok. shift hash tag. a special program about internet equality with programming lessons for girls medical support by smartphone and

that's coming up with ben facility in just about a minute's time i'm sorry kelly in berlin you're watching t.w. news thank you so much for joining us have a great day. it'll . move the. scars cover don't forget women in russia have to live with violence sexism and oppression a lot of us believe that violence is no amount of russia. where putin's petri arky rooms today women's rights were already gaining traction the hundred years ago. people here don't have a clue about salman ism but there are women who want to instigate change in everyday life for justice and equality. under the skin of russia's women starts nov thirteenth on g.w. . after a. good look at the. mixed but not shaken global stocks reflects the uncertainty over the u.s. needs of elections how will they affect trump's executive rate shown global trade. germany's wise men downgrade their economic outlook for the nation blaming global trade tensions and aging workers. and stuck in one of germany's the tory is dead spots mobile coverage help is on its way with the next generation of high speed net books. i mean physical and let's

also follow us on social media we'll be glad to hear from you from the business team right here in berlin thank you and remember that before we go we will present to you a short overview of the world's top markets and turns to next time to care about how so. look closely. listen carefully and don't look too soon to choose to do good. plenty to discover what. lead. to. subscribe to documentary on. the story show the story of the first woman who are told from different perspectives by peter craig i'm from the eastern european perspective from the comfort zone to speak to from the perspective of the arab world. t w don't come slash w w one. i'm not thinking of the shit i just sometimes am but i stand up and whip it out. of thinks they can to jam a culture of looking at the stereotypes aquatics anything to save the country that i not. need to be taking this drama day out to me it's all about hey look i'm a joke join me to meet the jetman from d.w. post every journey begins with the first step and every language with the first word published in the book. is in germany to learn german and why n

i'm stephen beardsley in berlin thanks for joining us brussels says it's ready to pursue disciplinary procedures against italy as long as the country refuses to change its draft budget for twenty nineteen now at issue is italy's towering debt and the political goals of its government at stake avoiding the next financial crisis. only reflects co-exist peacefully here everything else is subject to dispute never before has a member states budget been rejected but the european commission is determined to prevent italy from increasing its debt burden let me stress that the situation in italy is of concern euro area countries are in the same team and should be playing by the same rules cecil's are fewer to protect us to provide certainty stability and mutual trust if the threat of an excess deficit procedure was meant as a warning shot it missed its target in rome by a mile the populist governing coalition remains defiant it was in. a letter from brussels has arrived i was expecting one from santa claus as well anyway. the deputy prime minister mathias salvini says there will be no backtrac

return stolen bikes to their owners within two weeks or to replace them with new ones martin cerner in berlin decided to try out the new service paying an annual fee of eighty euros his bike was soon stolen and he tried to locate it himself with the help of the company's up. i registered the bike stolen early in the morning by the afternoon i had received a message from the manufacturer and one day my bike had been taken from germany all the way to ukraine i never thought up. the bike hunters document their progress online and report what they find the g.p.s. tracking technology isn't exact but come to see they know they came close to the bike but failed to find it they inform the police of everything they knew. then it . is not about catching individual seems we don't want to please police but we would like to see an organisation that would make it easier to solve cases of bicycle theft across europe or even around the world. police in the netherlands are currently experimenting with a similar system but of course they can't go chasing stolen bikes or and the globe until that changes it pays

that's it for me and the business team here in berlin faxes of a company steve king. tut. tutting. i'm going to. destroy the cello for the story of the first woman were told from different perspectives by peter credo from the eastern european perspective from the car for example spoke to us from the perspective of turkey from the arab world. e.w. dot com slash w w one. i was fishing when i arrived here i slept with six people in a room very similar it was hard i was fair. i even got white hair as the. name benjamin language melted off the face of the keeps me a little bush maybe to instruct the slave that you want to know their story. and spur writing and reliable information for margaret. the body they are digital maurier's. for women for internet activists one mission. the battle for freedom and dignity. courageous and determined they campaigned for women's rights and for peace. they mobilize against femicide. or compulsory veils for. their messages are spreading like wildfire. social media is quite critical to getting them and thousands of members are joining the cost on the str

right here in berlin thank you and remember that before we go we will present you a short overview of the world's top markets and currencies to next time to care about how so. time for an upgrade. how about furniture that grows old by. a house with no roof. or design highlights you can make yourself. trends tips and tricks that will turn your home to something special. upgrade yourself with d w's interior design channel on you tube. climate change. waist length pollution. isn't it time for good news eco africa people and projects that are changing no one fireman to for the better lives up to us to make a difference let's in spanish others. be good for go be a fireman magazine. d.w. . earth. home to of species. a home worth saving. given those are big changes and most start with small steps global ideas tell stories of creative people and innovative projects around the world. news that come to the climate least printed solutions and before sufficient. current interactive content teaching the next generation of us environmental protection. using all channels available to inspire people

i'm stephen beers in berlin thanks for joining us the board of nissan has voted to fire chairman carlos cohn he remains in jail on suspicion of falsifying financial reports on japanese car the japanese carmakers french partner renault is meanwhile keeping going on as chief executive at least temporarily naming an interim c.e.o. just yesterday a major rift is threatening to open between the two companies endangering the profitable alliance the french and japanese economy ministers even met today over the matter. it was an equally awaited decision in tokyo and around the world for hours nissen's top executives held consultations with their c.e.o. hero to a psych hour then it became clear go and must leave his position as chairman of the site is expected to be his temporary successor. carstone has clones from the plush surroundings of his executive suite to a spartan cell behind the walls of this tokyo jail rumors that management was behind his fall from grace spread like wildfire. it's a source of coup de tat by nissan those who didn't like him tonight's him internally to make him full. c

welcome to do business i want to get jones in berlin thanks for joining us it is the first contraction for europe's power engine in more than three years official statistics out today show the german economy shrank zero point two percent in the third quarter that's more than expected growth was stifled by global trade disputes which weighed down on exports economists also blame problems with the country's also industry following the diesel gate scandal last time because of a growth moved into negative territory in germany was in the first quarter of twenty fifteen when g.d.p. take down zero point one percent analysts say that the data is another wake up call that stable growth is by no means a given. and that was a direct quote from. economist. who joins us from brussels today good to have you with us you're in brussels i mean it's a big day for brussels with italy defying the e.u. and sticking to its big spending budget on the one hand on the other a possible breck's a deal within reach and now germany post the first negative growth in three years what alarms you the most. being of th

also follow us on social media we'll be glad to hear from you from the business team right here in berlin thank you and remember that before we go we will present to you a short overview of the world's top markets and turns to next time take care to buy some. climate change. waste. pollution. isn't it time for good news eco and africa people and projects that are changing our environment for the better it's up to us to make a difference and let's in spite of her. be committed for environment magazine. long d. w. . school. the first economists of. the tories grand moment arrives in the jointly ring in spain on her journey to freedom. in our interactive documentary during an orangutan returns home on t w don't come in tanks. hijacking the news. where i go from the news was being hijacked journalism itself has become a scripted reality show it's not just good versus evil us versus them black and white. in countries like russia china turkey people are told is that stuff and if you're a journalist figure and you try to get beyond it you are facing scare tactics intimidation. and i wonder is th

that's it for me in the business team here in berlin thanks for your company and c.c. . if you. think. with the senses. recognize. and experience the inexpressible. the cultural magazine. and arts twenty one. g.w. . that people of the world over your facebook and twitter up to date and in touch. climate change. waste. pollution. isn't it time for good news eco africa people and projects that are changing our environment for the better it's up to us to make a difference let's inspire others. to an environment magazine. d.w. . a continent is reinventing itself. as africa's tech scene discovers it's true potential. inventors entrepreneurs and high tech professionals talk about their visions successes and day to day business in france. it's. history you know everyone. seems to know how to fish from the. digital africa starts december twelfth on t.w. .

we're from our ministries in in berlin that you showed was practically nothing to support the iran deal of talk not enough action the president rouhani of iran said that his country will break the sanctions can that. will these sanctions again they are not totally new for us we had the time between two thousand and twelve and two thousand and sixteen where we had these kind of u.s. sanctions additionally e.u. sanctions and united nations sanctions and never it was possible to stop this country and neither from trading in machinery or from exporting their their oil the iranians have a lot of experience with these kinds of sanctions and this time they are not standing alone the russians are with them the chinese are with them and a lot at least of european companies are with them michael talk to us from their german iranian chamber of commerce and i thank you very much for your thoughts thank you very much. china has promised to further open its markets despite the trade war with the us president xi jinping has pledged to boost imports and remove further trade barriers as far as details g

filled star with me your host megan lee as usual we are making our way to the most interesting places in berlin and beyond here's a look at what's coming up.

also follow us on social media we'll be glad to hear from you from the business team right here in berlin thank you and remember that before we go we will present to you a short overview of the world's top markets and current success so next time to care for you by so. the fast pace of life in the digital shift has the lowdown on the web showing new developments and providing useful information the wittiest finds and interviews with makers and users. should next d.w. . time for an upgrade. how about furniture that grows all buying. a house with no roof. poor design highlights you can make yourself. trims tips and tricks that will turn your home to special. upgrade yourself with d w's interior design channel on you tube. removing the technology digital and the incidents where transforming the world. is humanity ready for it. the second season of our documentary series founders valley. join german founders in asia as they explore our digital future. spelling starts november twenty fourth d.w. . share ft living in the digital age coming up. pilate ing self is. books on instagram and whimsica

this is your business update i'm helena humphrey in berlin thanks for joining me well investors now find themselves facing a period of gridlock after the results of the u.s. midterm elections with need a party likely to be able to enact sweeping legislation economists believe president donald trump may not be able to cut taxes further but it also means that his current tax cuts can't be rolled back they believe the gridlock in washington will keep a check on some of trump's more disruptive market measures like the trade war with china some point out that the u.s. economy often performs well when control of congress is split between republicans and democrats. at least the result of this election shows that the democracy in the united states is still alive and there are controversial debates. also for all of business crucial topics and one major topic is trade policy off donald trump conflict so big conflict. almost starting trade war against china which is threatening the whole world economy and on the other side the trade conflict with the european union. from the point of view of the ge

news i'm sarah kelly in berlin thank you so much for watching don't forget you can get the very latest on our website or on social media after a short break there's more with their heart offers. to. easynews. where i come from we have to fly for a free press and was born and raised to me telling the painter she protests want to be shot now and if your newspapers when official information as attorneys i have worked on the street for many characters and their problems are always the same point to social inequality a lack of the freedom of the press. coverage we can afford to stay silent when it comes to the fans if you don't listen see their microphones who have decided to put their trust in us. my name is jim morrison and i work. as c.e.o. of siemens joke a is a phrase is this the saudis vision of a high tech future knowledge is losing a twenty billion euro contract that after he'd been killing off the saudi journalist says business as usual is no longer an option. and mysterious towers are cropping up all over hungary and nobody knows why but why is the one gary in government trying to

you are watching the daily news live from berlin stay tuned we have more at the top of the hour and you can always check out our website or follow us on twitter that's at t w news thanks for joining us. history shows the story of the first with more told from different perspectives by peter cringing from the eastern european perspective from the african perspective from the perspective on the arab world. d.w. dot com slash w w one. i was here when i arrived here i slept with six people in a room. it was hard as. i even got white hair. language. this keeps me and think of me two in china it's the same thing you want to know their story. it's her fighting and reliable information for margaret. in the u.s. the democrats win the majority in the house of representatives the republicans win three more seats in the senate. while some speak of a defeat for the president he considers the results of the midterm elections a victory. last night the republican party defied history to expand our senate majority. well significantly beating expectations in the house for the. and midterm year. the econo

business to business in berlin the final u.s. jobs report before next tuesday's midterm elections shows that employers are still hiring it's a welcome development for republicans ahead of the vote the u.s. labor department said american employers added two hundred fifty thousand new jobs in october while salaries rose at the fastest pace since two thousand and nine unemployment held steady at three point seven percent that's a forty eight year low in september the aftermath of hurricane florence weighed on jobs growth. for more analysis on that we now go to our correspondent at the front and stock exchange daniel kolbe daniel it seems that those who voted for donald trump actually are reaping the benefits when we can expect that from claim that just days before the midterm elections is he right is that all his living. yes you're right garrett u.s. president donald trump is not really known to be very modest about himself so we can be very sure that just days before the midterm elections he will use every opportunity to talk about

and that wraps up our program for me and the entire team here in berlin. every year in the spanish town three hundred twenty five pounds changes. it's quick and easy money. trucks from morocco. losing money. no compete. next on the top of the. center of the conflict zone confronting the powerful. whatever happened to martin show the former leader of germany's social democratic challenger cool last year for the chance to race and failed spectacularly why did his campaign trail how does he react to criticism of his time as president of the european policy conflict so close to sixty minutes p.w. . the on. earth . home to millions of species a home for saving. kids which is on those are big changes and most start with small steps global ideas tell stories of creative people and innovative projects around the world like news has come to the climax used to green energy solutions and reforestation. they create interactive content teaching the next generation about environmental protection and were determined to build something here for the next generation global

this is your business update on how in a home free in berlin glad you could join me if you don't but he's trying to put the diesel that scandal behind it once and for all by announcing its intentions to become the number one call make in the world when it comes to electric mobility and it's putting its money where its mouth is investing forty four billion euros into the project over the next five years but will that be enough. after hours of discussion the supervisory board gave the green light for the future plans and billions of euros in investment. vokes wagon c.e.o. have a diesel announce the ambitious plans it was that he often see fairy we are sending new signals we're focusing v.w. ungreen mobility we're increasing investments in this area and we're considering participating in battery production and introducing many new electric models. according to insiders negotiations are already underway for a partnership with the south korean battery cell manufacturers. v.w. like all german car makers has had to buy batteries in asia so far and a lot is about to change it folks wagons ex

work from our ministries in in berlin that you show was practically nothing to support the iran deal let's go over now to our financial correspondent frank conrad burns and to find out more about the monetary effects of this story and the effects on the oil price conrad. yes there was no immediate effect on the oil price today on the contrary the prize for american crude even continued its decline which means that since the beginning of october of the price for crude depending on the type has lost between fifteen and eighteen percent clearly all those waivers that the united states grant nations like iran like india or turkey where you know the u.s. allow those countries to continue to buy iranian oil has had some impact and something else that's playing into here into this as well at the level that the price for crude is on now between sixty three and seventy three dollars per barrel depending on the type this means that american oil producers can work profitably especially the notorious producers of shale oil they need prices of above fifty dollars a barrel to be profitable and now

i'm stephen there's in berlin thanks for joining us there has been massive turnout for the u.s. midterm elections by determining the balance of power in the u.s. congress the vote stands to affect economic policy and investor confidence in the world's largest economy with global consequences. at stake as president donald trump's pro-business anti regulation agenda which could be hindered if democrats take at least one of the two houses currently under his party's control. let's go to wall street now before markets close our financial correspondent yens courts is there yet a big day in the u.s. with a lot at stake what's the feeling there. well the mood on wall street was good prior to the midterm elections and if history is a guide for a good reason we had. a midterm elections after world war two and each time in the twelve months after those midterms the market has been trading to the upside mostly quite substantially overall if we might see a split congress in the history that has not been better for wall street from the perspective of u.s. investors would be the worst outcome

last year for the chancery and failed spectacularly well he's my guest this week here in berlin why did his campaign fail and how does he react to criticism of his time as president of the european parliament.

this is your business update i'm out on the homefront in berlin thanks for joining me the economy here in germany shrank by zero point two percent in the third quarter more than analysts had expected and stifled by global trade disputes and problems in germany's car industry that it is being seen as a wake up call that stable growth is by no means guaranteed. exports were down and imports up in the third quarter that's trouble for an economy built on strong exports a major part of the problem has been a bottleneck in car deliveries by german automakers the result of new more rigorous emissions rules but there are other issues political ones global trade disputes are threatening the bottom lines of german companies both b.m.w. and di miller cited trade uncertainty in their latest earnings reports the companies feel a growing uncertainty this is related to brag that this is related to the trade conflict with the u.s. and to the italian situation which may lead us into a financial crisis possibly so there is growing uncertainty of the economy is cooling down but we are not falling into re