Actually structural its not temporary its here to last because thats due to the trade tensions and we know its going to last for quite a why its due to uncertainty linked with brics it and its due to uncertainty linked to with china quoth but more than that it also has to do with catching up with digitalisation catching up with in their view transition and investing not only in the right infrastructure for this but also in education and what challenges do you see for the German Government in terms of trying to achieve these reforms so there are several challenges in the prior the 1st and foremost this investment and weve seen how germany is a good at planning investment for Rail Transport for example they need to repeat k. This month alone for roads and more than anything for housing and Digital Infrastructure though its often argued that german doesnt so germany doesnt spend an os and that this becomes a drag on growth would you agree so i think whats important to look at is would you want to do where do you want the German Economy to be in 10 years time and for this you need a carefully planned set of investments as i was saying in infrastructure on the need occasion and i think more than money at this stage with germany has plenty of it has to do with a poor safe guard and then is building the cap passage for Civil Servants had the fair theyre all local municipal able to conduct big investment projects to. And would you say that overall youre optimistic that the German Government will be able to do enough to turn the tide of the slowdown yes i would be optimistic though one should remember that humility germany had been the sick man a few then the superstar a few up thanks to a very deep labor markets reform among other things so i think in them we have trust that the 00 ities can life for the design this Investment Plan in all the areas have listed infrastructure how is in education and striving the next the kate that way but even at a time where nothing seems to be normal with regard to for example the trade tensions you mentioned so the trade tensions have to be addressed within a european context as you know their European Union is the boy the. Trade agreement for all the p. In the economies including germany and one of the gives germany all the economies within the you a lot of power because the you is a 500000000 people market big air than what the u. S. Is with less than 400000000 people so thats make it a very important and they on the power in the negotiation with you guys china and their economies thank you very much Lawrence Moon chief economist at the o. E. C. D. There for us thank you very much for your insights this a top European Business lobby has warned china that the best way to give flagging Economic Growth a boost is to stick to its promises to open up to Market Forces and reform its bloated state sector beijing has pledged to stick to a steady course despite the pressure on its economy from the trade conflict with the us. European chamber of commerce and china has a mantra level playing fields with chinese firms especially state owned enterprises the lobby group wants reform to create a framework for better Economic Growth. Chinas powerful economic rise has accounted for a 3rd of Global Growth in the past few years. But china is sticking to its guns beijing is in no rush to start pumping money into the economy. Woman upon that we believe that for our Monetary Policy we should stay committed to our own course. And stick to an orientation that we see is stable and healthy. We must not adopt massive stimulus packages could one think you know well so we must make sure total debt levels remain sustainable. The u. S. China trade war has led to chinese growth falling to a 30 year low of 6. 2 percent in the 2nd quarter im less believe it could fall further to 6 percent market sober resumption of trade talks between the us and china will help give the Global Economy a lift but even if a deal is struck calls for reform are unlikely to go away. German prosecutors have charged 5 fun c o n 2 other top executives with market manipulation about these is accused of intentionally deceiving investors over his companys role in illegally faking emissions test results of their diesel engines the resulting scandal cost billions of dollars in fines and liabilities investigators say these intentionally delayed informing investors of the finds protect b. W. Stock price. Joining me for more is the value businesses aaron tilton aaron thanks for joining us now aaron what more can you tell us about the charges these and friends are facing was youre talking about there the 3 men stand accused of basically engaging in market manipulation now as the top brass v. W. They have the responsibility of informing their stockholders investors of the business situation basically saying if they were going to face any type of massive fines or in time of problems they need to inform their investors otherwise the investors cant actually engage in their investing as you would typically expect it now you knew for years that they were likely to face fines in connection to this Diesel Scandal however they failed to inform their investors in a timely fashion no prosecutors have forum quite a while been investigating v. W. In relation to the Diesel Scandal but this is the 1st time theyre really going after the top brass of the company in this way because previous investigations tend to focus more upon the inner workings of the company as opposed to just the board of directors and. Share price stayed sky high for quite a time but for our viewers that remind us again what the diesel gate scandal was about this is central to the story well i mean basically diesel daid. Sprung up after it was discovered that v. W. Had actually installed software in many of its diesel engines which allowed it to fake its emission results basically the engine was a label it was able to understand if it was being tested and with the changes the missions basically that allowed you to claim that these designs were much cleaner than they actually were some estimates say the. That when they were actually taken out of the laboratory and put on the streets that theyre producing 40 percent or 40 times rather more Greenhouse Gases than was actually claimed now of course there were many people who actually bought these vehicles because they were they were marketed as much more environmentally friendly much more fuel efficient and better for the environment than previous models and of course that was all down to this Software Package that was installed now when that came out the company faced billions and billions of fines and 30 billions paid in the United States alone however we havent really seen that type of fall out in germany up to this point which is so which is why that the revelations today are kind of a new turn in events here within the country and the flights wagner has of course taken pains to spend those billions and to move away from the scandal as it were how do you think this will affect that that the rehab the attention of funds image well i mean that really remains to be seen like you said we havent seen the same type of political or financial fallout here within germany that we have in the United States i mean as i was seems a minute ago i mean theyve paid 30000000000 in the United States in fines alone and we havent seen anything like that here in germany and you know ive talked to w. Customers who well you know they seem quite irritated but at the same time to kind of brush it off i mean there seems to be kind of an assumption that these type of she did backroom deals are just kind of par for the course so as i said i mean it seems there seems to be some type of acceptance of that here in germany im not really sure itll go far in terms of rehabbing image but you know well just have to wait and see indeed thank you very much erin tilton there from the business for us thank you kenya is the Worlds Largest exporter of black tea but prices have dropped dramatically this year some kenyan tea farmers and processors are now emphasizing quality over quantity in order to stave off international competitors. In kenya tea farming is Serious Business from the central mountainous regions to the rift valley t. Is green gold the cash crop has long been kenyas major Foreign Exchange earner he also supports many Small Farmers millions of people earning a living with tea here like joseph hes been a tea farmer for more than 30 years. The farming pays but you have to take good care of your plantations every year i harvest between 17 to 20000 kilograms but every year is different. In recent years my rate has done well but 2900. 00 could be a lean year kenyan tea farmers look set to see a big dip in their earnings more than 20 percent according to current indications. Thats down to several different factors demand is weaker in the main export markets like britain and russia global trade conflicts are putting a dent in the economy and currency fluctuations a dent in prices. Youll find that the prices that they have down. There has to come to. Less of their costs. For years kenya has mainly used the Production Method known as crush tear curl its faster and easier and its well suited for teabags the a mentee t. Farm is now branching out into black but its more labor intensive harvested with leaves intact but the Higher Quality fetches a higher price even when the market is faltering. Thanks for watching. The fall of the berlin wall began before nov 19th. This is the heroes of Eastern Europe we talk to those who began the struggle for freedom and those who showed personal courage for all that know it but also going global no telephone call from more school kids youve been in the courtroom we have would go off the wall didnt surprise me i saw it coming 10 years before the flood sure about. What does it take to change the course of history. Raising the iron curtain starts september 30th on d w. The sunday entice the entire scheme to jurors or dealing with any unit that i killed many civilians. Come in including my father said i was a student because i wanted to build a life for myself. But suddenly life became alledge kind of sob. Providing cites. That matters. Made for mines. Im not all think that well i guess sometimes i am but most end up in which the government thinks deep into the german culture of looking at the stereotype the question sitting here thinking seat of the country that i dont. Need its a ridiculous drama day i dont believe its cold out there bob i might show join me to meet the gentleman from the. Post. And on demand. Video and or. Talk. W. Me to. Play play play. Live from but in this news the global lens is focused on iran at this hour while he does that gathered at the u. N. Security is extremely tight President Donald Trump is due to speak soon and he is likely to discuss the tensions between the u. S. Antidoping countries and iran we take you live to new york for that speech as soon as it begins
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