More trouble at this time it could be a really serious prosecutor of a one hundred seventy strong great team to the offices of germanys biggest lender the allegation Money Laundering on a mind boggling scale also on the program pakistani families of victims of a factory fire take the German Company and work for to court in germany and is your car spying on china revelations that electric car drivers have their details of the whereabouts sent straight. To the Program German prosecutors have raided the offices including they have quarter of a bank as part of an investigation into a Money Laundering inquiry is based on revelations made in the Twenty Sixteen Data Leaker known as the part of a paper which suggested that bank staff had helped criminals funnel money into offshore tax. Police vans surrounding the headquarters of germanys biggest
lender if deutsche is image wasnt a ready in tatters it certainly is now. The banks accused of helping clients hide money earned from crime this is missions are based on revelations contained in the sense of leaked documents known as the panama paper is. Different docked. Mission a rose in the summer is more has to say as a teen not after the federal criminal Police OfficerEvaluation Data from the panama paper is the socalled off shore leaks. Buddies are also this evaluation that the suspicion is a bunch of bunk was helping clients set up socalled Offshore Companies in tax havens. For dollars from their money is said to have floated Deutsche Bank with as the Bank Reporting any suspicion of Money Laundering. These are the kinds of
allegations that if true could bring down an already Embattled Bank deutsche it was quick to present its view of the events. Yvonne i love the live on in from we believe we provided all relevant information to the authorities regarding the panama paper case of course will now cooperate closely with the Public Prosecutors Office and frank first its also in our interest that the suspicious facts are quickly in entirely cleared up attention will now turn to georges Boss Christiane Thieving hes only been in the top job since april but hes been at the bank for decades he ready faces the challenge of reversing years of losses now is really up to him to address accusations that havent only been mismanaged but involved in far shady or potentially criminal business. German chemicals giant buyer says its planning to slash some Twelve Thousand jobs Around The Worldas a part of a massive savings and restructuring drives it says a significant number of those cuts will be here in germany the move comes in the wake of buyers controversial Sixty Three BillionDollar Takeover of u. S. Rival months. Buyer one of germanys oldest debts companies wants to make itself leaner and meaner by increasing Efficiency Productivity and profitability by instead of playing to concentrate resources on its core businesses of Pharmaceuticals Consumer health and crop science its a setback since it bought u. S. Crop sciences giant months and two in june this year for Sixty Three Billion euros one of germanys biggest ever corporate takeovers but two months later a Us Court Ruling ordered buyer to pay multimillion dollar damages to a cancer sufferer. The judge ruled that its newly acquired subsidiary should have warned users about the cancer risks from its Roundup Herbicide the companys shares have been under pressure since then losing thirty six percent since the beginning
of the year so investors are still nervous and Something Like this makes them more nervous its a little bit of a surprise if youre a long time Stock Market Observer often a job cuts lead to higher prices because people think yeah those are necessary measures painful for everyone involved but necessary to increase profitability here they seem to be a reminder of how many risks and challenges a buyer has there at least as cliff as that damage claims buyer will be cashing in on synergies with monsanto so its crap Science Division will be among the hardest hit with Forty One Hundred job cuts the company said it expected to complete the job cutbacks by the end of twenty twenty one. Now lets bring in our financial correspondent yes court in new york here against buyer says it wants to save about Three Billion Dollars a year by twenty twenty two does this have anything to do with the court case over monsantos weed killer glyphosate. Well by itself claims that this is not the
case but theres no doubt about it that months on tour has been a costly acquisition and when you buy a company you also inherit the problems so theres one man in california got awarded so. A Million Dollars even if a buyer earlier this month it went to him to peel but there are thousands more lawsuits pending sold there is a certain pressure on buyer to save some money possibly of all the lawsuits but also because of the Sixty Three Billion dollars the buyer paid for. Thanks for now well come back to you in a moment. Germanys humble Spot Newspaper says u. S. President donald trump has invited german car bosses to the white house next tuesday executives from the w. Diner and b. M. W. Are expected to attend the news reports of u. S. Plans to pose a twenty five percent tariff on car imports from all countries except for canada
and mexico. Yes back to you in new york when General Motors announced their layoff plans earlier this week President Trump laid into them and foreign carmakers with threats of more terrorists now german Car Executives are set to go to the white house what are you hearing. Well i mean what are we hearing out of washington is that u. S. President donald trump also partly because of the layoffs the General Motors is playing around with the idea to impose those tariffs already in may make sure the study got started that In The Name OfNational Security those imports. Tariff of twenty five percent the Justice Department has until early next year to come to a conclusion if that claim is justified so any terror of of that kind it will not be happening overnight but the u. S. President seems to be seems to become more curious saw it will be quite
telling if the top managers from the german Car Companies will be going to washington how serious the situation really is it sounds like an interesting meeting. Court in new york thank you. An Unprecedented Court case began in the restaurant city of dortmund earlier today its object is the devastating fire in a pakistani Garment Factory that killed almost Two Hundred Sixty workers more than six years ago the trial aims to clarify whether this current fashion brand keke is liable for damages because most of the genes produced at the factory were earmarked for the German Company. So you took a tool has traveled Seven Thousand kilometers to germany in memory of her son over six years ago he was killed in a fire at a Textile Factory in pakistan that produces clothing for german Discount Chain kick. The steam kick is responsible for the fire. I lost my son in that fire
and now ive come here to get some justice for him and all the others who were killed in. The blaze at the factory occurred on the eleventh of september twenty twelve authorities believe it was caused by an arson attack carried out by a local gang almost Two Hundred Sixty people died as a result of the lack of Fire Protection safeguards kick provided compensation to the victims families that was supposed to exclude any future claims. Not so this isnt about One Hundred Twenty Thousand Euros if youve already paid out six million in damages you wouldnt hesitate to pay another hundred Twenty Thousand but this isnt about the amount its unfortunately about the principle see the tune on the other plaintiffs won a decision on kicks liability in the case because the companys headquarters are located near dortmund thats where theyve registered the lawsuit the Clothing Company insists the statute of limitations has expired the court will issue a ruling at the beginning of january. And staying in the garment sector on friday
bangladesh will start expelling International Safety inspectors who were brought in after they run a Plaza Disaster in Two Thousand And Thirteen the inspectors oversaw Safety Improvements and over Twenty Three Hundred garment factories in bangladesh catering to big Global Brands like h. And m. And prime mark it helped to drastically reduce work related deaths. Now it comes electric car our cars miles per charge used to be the biggest concern for owners but as the family car becomes an increasingly digital affair Data Protection is on the minds of early adopters thats particularly true in china where beijings expanse of Surveillance Practices mean when youre out for your sunday drive you might just have the government along for a ride. Each point is a data set which lets users identify individual cars their Location Speed Charge Level and more all in real time the deed is used to monitor traffic flows around
the city thats information chinas Security Services can access as well. Or the cantata one Police Departments are prosecuting organizations need to find out the Tracking Data of a specific car where they may seek help from our center we will ask them of course provide the paperwork that illustrates the request for the use of the data this will mean. A Concern Development for some electric car owners. So. How long i stay go every day that i dont want the information to be disclosed. That i never heard of it it cant be true tesla can use the data but why do they need to send it to the government its a double edge sword the digital sensors carmakers use to ensure their latest models run safer and cleaner open a veritable pen door is a box of privacy concerns not just here in china but Around The World as well. Well whatever your drive i hope its not spying on you that wraps up our shelter
and so watching see it back in tomorrow. History shows the story of the first movie more told from different perspectives by peter craven from the Eastern European perspective from the african perspective from the perspective of turkey and they are oh boy. E. W. Dot com slash w w one. We make up over a week watches of office and up budget cuts we all deserve the services. They may want to shape the continents future to be part of it and Join Dumpsters as they share their stories their dreams and their challenges the Seventy Seven percent platform for africa charge. My