hemet kook was accused of actively influencing decisions during at least two matches this season. despite the allegations being so far and proven the german f.a. dismissed proof of his role. he's been replaced by former top referrer. the paradise papers are casting a harsh light on tax havens and we'll have more on that for you just a minute and much more stay with us for that. when i'm traveling to be comfortable. but i also want to stay up to

date on the latest news events. and e.w. makes that part of traveling easy because it's available thousands of hotels resorts cruise ships worldwide. where have you found a dollar sign send us a picture that shows d w in your room you can write a great price d.w. dot com travel quiz. trillions of euros in the last taxes because money disappears and tax. legal authorities close the loop. are discussing today but will they finally come up with some meaningful legislation. and germany's evil institute says most business

leaders around the world agree that donald trump is bad for business. and leave your cash and credit card at home in london you can pay with your finger we show you how it works. this is g.w. business welcome to the paradise papers are topping the agenda of the e.u. finance ministers meeting in brussels today their task to close loopholes that allow and even encourage tax evasion ireland for example has become one popular haven in the nine hundred ninety s. the country's reduce its corporate tax rate from around fifty percent to just twelve and a half percent and in some cases large companies pay even less down to zero so major corporations like apple and google shift the intellectual property that's patents and branding for example to ireland where the payroll taxes on profits that were actually generated in high tax countries like germany or france what does that

mean in real terms well countries lose tax income a study shows germany loses some thirty two percent of its actual corporate tax revenue france twenty five percent the u.k. twenty and the u.s. seventeen percent that translate into the loss of billions needed for improving infrastructure or public services and average citizens like you and me have to shoulder a larger part of the bird the e.u. now had long planned to crack down on tax havens but not everyone is on board. when it comes to tax dodging nike ticks all the boxes the paradise papers have shown a light on a complex network that helps the sportswear giant issue taxes in europe. among its strategies over the years she fifteen money out of its european headquarters in the netherlands to bermuda where it paid zero tax the revelations have prompted potentially awkward questions about why dutch authorities didn't crack down on the practice in trying to. block its important to take action on tax evasion but i

still need to examine the exact details in the document. the leaks have sparked some soul searching among e.u. leaders too as they face the fact that multinationals on the super rich have been able to avoid paying vast quantities of tax in europe without even breaking the law in paradise the paradise papers as i've understood it focus heavily on legal structures that facilitates tax evasion that means we need to tackle it and we intend to do so. sharp words but will they be matched with action the european commission estimates that the bloc could be losing up to a trillion euros a year to tax dodging failure to act could therefore prove a cost too high to bear. u.s. president or not trump seems to be a burden to the world economy that's according to a survey of more than nine hundred economic experts worldwide conducted by

germany's institute the overwhelming majority said they believe donald trump's policies were having a negative impact on the global economy especially when it comes to climate protection and social justice as well as international trade at home trump enjoys a more positive reputation in the u.s. only a minority of experts believe his economic policies are harmful. there are let's see whether that view is shared on financial markets as cross over to frankfurt where my colleague our financial correspondent is standing by danny what's the view there is donald trump the businessman turned president bad for business. well let me unbundle this to you this for you gareth from the trading person act if i don't know how many times i have you know already told you during this year that chair prices have been falling because of comments made by donald trump and this is really what investors are calling a dangerous they are considering donald trump as

a politician who was very unpredictable just one of his sometimes very careless tweets can result into a massive landslide at stock markets all around the world some investors here even told me that they have an app alerting them whenever he's sending one office very controversial trees this together with all the promises that he has not been really fulfilling in the last time is really being considered here is doing bad business and then there's also his is protection is stands can be very helpful. here this protectionism is really a big topic of course also in the financial world let's just talk about the nafta agreement for example between canada and mexico donald trump has been really keen in the past for new negotiations but those have been very slow and this really has been harming in the past countries you know like canada and also

mexico and both countries still don't really know which effect this is going to have for them in the future. in frankfurt for us thank you very much. now the web summits is the world's biggest technology conference and underway in lisbon with tens of thousands of participants from all over the world attending it bills itself as diverse for geeks and brings together programmers entrepreneurs and business executives representatives from internet and technology john such as amazon facebook and siemens are there as well as politicians like former u.s. vice president gore and u.n. secretary secretary general antonio who tell us. and also there is my colleague chanel to milan who joins me now from lisbon there she is now why is this web summit which is happening every year why is it hosted in the

west held rather in lisbon. a near me quite obviously she's just in the in this elizabeth we're going to try and make the connection a bit later in the show now a convenience store on the outskirts of london is giving customers well the finger that is giving them the option of using finger scanning technology to pay for their shopping is how it works. just pop your finger on to the scanner to purchase your items customers at this grocery store on the outskirts of london cannot choose to leave their cash and credit cards at home. the biometrics gone builds a three d. map of your finger brains that generates a key that users can link up to their bank accounts. the company's behind the new

payment technology say it could help businesses forge closer ties with customers. you have no identity of anybody and it's very difficult with a relationship anywhere they can to give you a little tickled which people don't carry these days so what their idea is you'll figure is that you never going to forget it you're always going to have it with you if you're also can make the payment much more convenient but the technology has also raised concerns about previous e crypto key generated by the finger brain scan is stored anonymously on servers but linking your finger to your bank account could enable your movements to be traced because so far around a thousand people have signed up to use the technology proponents say it's potentially huge and that it could even be rolled out in other areas like border security. try again correspondent. at the web summit in lisbon. your smiles me that you can hear me. joe

why is this a web summit held in lisbon this year. you know everyone i talk to here in lisbon seems to think that lisbon is the next startup capital of europe and to be fair there are a lot of things going on for the portuguese capital there's a very big pool of young talent living costs are low the people here have a facility for the english language that it's banished its neighbors like spain don't have no so that's also really important because it's often very it's often compared to berlin in that sense now of course lisbon has better weather and that's something that might be more attractive to start ups thinking to move here. that there's some some really big names attending that isn't. exactly big names like us stephen hawking although he was only present via video link margaret face staggers here and there talking about big topics like artificial

intelligence and robotics now stephen hawking who we were who we heard from last night was able to talk a lot about other promise and perils of artificial intelligence and he was saying that humans have to work hard now to be able to ensure that artificial intelligence doesn't sideline or surpass human intelligence and he called for the called for the creation of a european robotics body to be able to provide oversight to this development and people here seem to agree with him on that front if it's any indication market for soccer that you commission committee your competition commissioner she was received very warmly here at this tech conference despite her record of taking big tech companies like google and facebook to task so that shows you that people are excited about tech and where it can take and where it can take us but at the same time they want regulation they don't want this to go unchecked. this is not being around on the sum of their what's your biggest discovery yet what's your most

interest the most interesting thing that you have found. you know it's actually still to call him and i'm talking about sophia the robot sophia the robot is a humanoid robot a famous for her very young life like facial expression she can express happiness sadness and anger and she's a big draw here at the summit lots of lines all ready to see her on stage now i'll be meeting her personally later on but just a bit of background on her she was famous last year for embarrassing her creators at the south by southwest conference by saying that are all her aim was to destroy human kind now these today his she's a striking a decidedly more mellow tone saying she wants to use their skills to help build smart cities also notably she's the first robot to get citizenship and her presence here is drawing up a lot of no s. joins on electronic arts and her in the role of robots in our society.

with the simplest of ingredients. on conventional cooking methods and healthy portion of creativity. they conjure up unique taste experiences color marry artists from around europe and their eccentric gourmet creations. conceptual

cuisine our series this week. your romance next on. the list are on the rise here. i am taking. to highlights different shades of nationalism and to find out what does nation me to you. the serious story join the conversation on to w. on twitter and on facebook. be our fighters want to start families to become farmers or engineers everyone of them. on the children who have already been there. and those that will follow are part of a new process. they could be the future of. granting opportunities global news that matters d. w.

made for minds. freedom of expression. a value that a ways has to be defended and new. all over the world. of freedom freedom of art. a multimedia project about artists and their right to express their views freely. d w dot com to freedom. everybody welcome to another.